Recent Updates — AVAL
Grupo Aval Acciones y Valores S.A.'s Board of Directors appointed Jorge Adrián Rincón Plata as Corporate Secretary of the Board, effective August 25, 2026. Mr. Rincón will retain his role as General Counsel while assuming these new duties, replacing Luis Fernando Pabón Pabón, who served in the position for 26 years. The Board acknowledged Mr. Pabón's long-term service and professionalism. This is a routine executive appointment without material financial impact or governance restructuring. Grupo Aval Acciones y Valores S.A. operates as a diversified financial services holding company based in Colombia.
Grupo Aval reported consolidated attributable net income of Ps 577.5 billion (Ps 24.3 per share) for the second quarter of 2026, representing a 71.6% increase from the first quarter and a 16.7% rise year-over-year. Return on average equity reached 12.7%, the highest level in four years. The company completed the disposal of its Multi Financial Group subsidiary to BAC International Corporation on March 18, 2026, following regulatory approvals obtained after the November 2025 agreement. Consolidated loan portfolios grew 2.1% quarter-over-quarter and 7.6% annually, while total deposits increased 2.1% quarterly and 11.5% yearly. Net interest margin for the consolidated group stood at 5.51%, with cost of risk at 1.9%. Grupo Aval operates as a leading financial conglomerate in Colombia, managing commercial banks, pension funds, and merchant banking services.