Colombia's Grupo Aval says first quarter net profit up 7.85% [Reuters]
Grupo Aval Acciones y Valores S.A. ADR (Each representing 20 preferred shares) (AVAL)
US:NYSE Investor Relations:
grupoaval.com/wps/portal/grupo-aval/aval/investor-relations
Company Research
Source: Reuters
year ago to 1.45 trillion pesos ($394.2 million) on better returns and lower costs. Income from interest rose 4.1% between January and March, compared to the same period in 2020, to 3.04 trillion pesos, the company said in a statement. Despite a deterioration in its credit portfolio and an increase in pending payments of 11.9% to 1.24 trillion pesos during the quarter, there was an improvement in expired loan figures. The quarterly improvement was tied to cost control efforts, Grupo Aval said, as well as positive results from some subsidiaries. Grupo Aval's banks include Banco de Bogota, Banco Popular, Banco Av Villas, Banco de Occidente, as well as Corporacion Financiera Colombiana and pensions fund Porvenir. ($1 = 3,682.66 Colombian pesos) (Reporting by Nelson Bocanegra, Writing by Julia Symmes Cobb; Editing by Bill Berkrot)
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Sec Filings
- 4/17/24 - Form 20-F
- 4/17/24 - Form 6-K
- 4/5/24 - Form 6-K
- AVAL's page on the SEC website