Grupo Aval Acciones y Valores SA Pfd (AVAL) has released an update.
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Grupo Aval Acciones y Valores S.A., a leading financial conglomerate in Colombia, reported a remarkable 103.4% increase in net income for the third quarter of 2024 compared to the previous quarter, totaling Ps 415.7 billion. The company’s gross loans and deposits continued to grow, with a notable improvement in market share and loan portfolio quality. Additionally, their cost of risk and efficiency ratios showed positive trends, highlighting Grupo Aval’s strong financial performance.
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