The Aval* group presented to the market the consolidated financial results of its operation in 2024 in which the growth of its attributable net utility stands out.
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According to the report of the four quarter, during 2024 the financial holding, which is made up of the Banco de Bogotá, Banco Av Villas, Banco Popular and Banco de Occidente, Porvenir and Corficolombianaregistered a 37.4 % rise in its usefulness, closing at 1,015 billion last year, compared to $ 740,000 million in 2023.
During the fourth quarter of 2024, The Aval Group reported a net profit of $ 283.7 billion, a figure that represents an increase of 297.1 % versus the fourth quarter of 2023.
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According to the entity, this “Increase in profits is explained mainly by greater income by method of participation”.
“The results of the fourth quarter incorporate a strong annual and quarterly evolution of our
central metrics in our bank segment (portfolio NIM, asset quality and risk cost). On the other hand, this quarter incorporates an improvement in the contribution of our commercial banking segment and a lower contribution of our segment of administration of pension and severance funds “the group highlighted in its report.
Aval Group
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Other results
For its part, the gross portfolio reached $ 199 billion pesos, a growth of 7.3% per year, While consolidated deposits amounted to $ 201 billion pesos, a 10.4% growth compared to the fourth quarter of 2023.
Likewise, as of November, in the last 12 months, the Aval Banks won 75 basic points (PBS) in gross portfolio (52 PBs in commercial loans, 150 PBs in consumer loans
and 152 PBS in housing portfolio).
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In addition, net income from commissions and rates for 2024 totaled $ 3,584 million, a
6.9% increase compared to 2023.
The financial statements of the Aval Group Actions and Securities SA, in accordance with the regulations
Colombian, must be presented to the market and the financial superintendence with the opinion
of the fiscal reviewer.
Portfolio
* Aval Group is a shareholder of the AV Villas Bank and owner of Casa Editorial El Tiempo, owner of Portfolio.
