Grupo Aval Acciones y Valores S.A. (AVAL) is a Colombia-based financial holding company operating in the banking, financial services, and investment management industry. It is one of the largest financial conglomerates in Latin America, with diversified operations across retail banking, corporate finance, and infrastructure.

Its structure integrates multiple financial institutions, enabling scale, diversification, and broad regional coverage.

Its activities include:

• Retail and corporate banking services.
• Consumer lending, mortgages, and credit cards.
• Asset management and fiduciary services.
• Pension fund administration.
• Investment banking and treasury operations.
• Infrastructure and energy investments through subsidiaries.

Grupo Aval controls major Colombian banks, including Banco de Bogotá, Banco de Occidente, Banco Popular, and Banco AV Villas, and operates in Central America through BAC Credomatic. The group serves millions of customers across Colombia and several Central American markets.

Market conditions influencing the business include interest rate cycles, inflation, economic growth in Latin America, regulatory frameworks, credit demand, fintech competition, and foreign exchange dynamics.

Grupo Aval is listed on the New York Stock Exchange as ADRs under the ticker AVAL.

History and Development

Grupo Aval was founded in 1994 by Luis Carlos Sarmiento Angulo, with the objective of consolidating financial institutions under a unified corporate structure.

The company expanded through acquisitions of major Colombian banks, building a diversified portfolio and strengthening its position in the domestic financial system.

A key milestone was its international expansion into Central America through the acquisition of BAC Credomatic, significantly increasing its regional footprint.

The company later accessed international capital markets through its listing in the United States, supporting further growth and diversification.

In recent years, Grupo Aval has focused on digital transformation, risk management, and expansion of financial services across its markets, maintaining its role as a leading financial group in Latin America.