Grupo Aval Acciones y Valores SA Pfd (AVAL) has released an update.
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Grupo Aval S.A. reported a robust second quarter in 2024, with a consolidated net income of Ps 204.3 billion and growth in both loans and deposits. The company saw improvements in market shares across various loan categories and reported a lower cost of risk for consumer and commercial loans, enhancing its financial stability. Efficiency gains were noted with an improved cost to assets ratio, although the cost to income was affected by lower other income during the quarter.
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