Grupo Aval Reports Q1 2024 Results in 6-K Filing
Ticker: AVAL · Form: 6-K · Filed: May 16, 2024 · CIK: 1504764
| Field | Detail |
|---|---|
| Company | Grupo Aval Acciones Y Valores S.A. (AVAL) |
| Form Type | 6-K |
| Filed Date | May 16, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 18 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-results, 6-K, quarterly-report
TL;DR
Grupo Aval dropped its Q1 2024 results. Check the 6-K for details.
AI Summary
Grupo Aval Acciones y Valores S.A. filed a Form 6-K on May 16, 2024, reporting its first quarter 2024 consolidated results. The filing is a periodic report for the month of May 2024, and the company is a foreign private issuer subject to U.S. securities regulations.
Why It Matters
This filing provides investors with key financial performance data for Grupo Aval's first quarter of 2024, allowing for analysis of the company's operational and financial health.
Risk Assessment
Risk Level: low — This is a routine financial reporting filing (6-K) that does not contain new material events or significant changes.
Key Players & Entities
- Grupo Aval Acciones y Valores S.A. (company) — Registrant
- Bogotá D.C., Colombia (location) — Principal executive office location
- May 2024 (date) — Reporting period for the 6-K
- First Quarter 2024 (date) — Period for consolidated results reported
FAQ
What type of filing is this?
This is a Form 6-K, a Report of Foreign Private Issuer Pursuant To Rule 13a-16 Or 15d-16 Of The Securities Exchange Act Of 1934.
What period do the reported results cover?
The filing reports on the first quarter of 2024 consolidated results.
When was this filing submitted?
The filing was submitted on May 16, 2024.
Where is Grupo Aval's principal executive office located?
Grupo Aval's principal executive office is located at Carrera 13 No. 26A - 47, Bogotá D.C., Colombia.
Is Grupo Aval required to file annual reports under Form 20-F or 40-F?
Yes, Grupo Aval indicates it files annual reports under cover of Form 20-F.
Filing Stats: 4,397 words · 18 min read · ~15 pages · Grade level 3.9 · Accepted 2024-05-15 21:15:57
Filing Documents
- dp211241_6k.htm (6-K) — 1025KB
- image_004.jpg (GRAPHIC) — 2KB
- image_034.jpg (GRAPHIC) — 39KB
- image_036.jpg (GRAPHIC) — 16KB
- item1_arrow.jpg (GRAPHIC) — 2KB
- 0000950103-24-006727.txt ( ) — 1108KB
Financial Statements Under IFRS
Financial Statements Under IFRS
Financial Statements Under IFRS
Financial Statements Under IFRS 1Q23 4Q23 1Q24 Information in Ps. Billions Consolidated 1Q23 4Q23 1Q24 Δ 1Q24 vs. 4Q23 1Q24 vs. 1Q23 Cash and cash equivalents 19,327.8 18,597.9 18,568.3 -0.2% -3.9% Trading assets 13,585.5 15,451.1 15,384.5 -0.4% 13.2% Investment securities 31,969.1 34,425.7 36,560.0 6.2% 14.4% Hedging derivatives assets 35.1 48.7 58.9 21.1% 67.9% Total loans, net 179,102.9 176,168.1 178,471.0 1.3% -0.4% Tangible assets 7,247.8 6,995.9 7,094.4 1.4% -2.1% Goodwill 2,232.2 2,202.2 2,203.0 0.0% -1.3% Concession arrangement rights 13,536.2 13,557.3 13,568.4 0.1% 0.2% Other assets 31,841.5 33,734.8 34,983.5 3.7% 9.9% Total assets 298,878.2 301,181.6 306,892.0 1.9% 2.7% Trading liabilities 1,517.6 2,154.4 1,193.1 -44.6% -21.4% Hedging derivatives liabilities 5.6 217.6 160.0 -26.5% N.A. Customer deposits 178,352.4 181,987.4 189,212.2 4.0% 6.1% Interbank borrowings and overnight funds 8,799.8 15,081.9 17,222.0 14.2% 95.7% Borrowings from banks and others 29,346.9 22,218.5 21,170.2 -4.7% -27.9% Bonds issued 27,352.4 23,427.8 22,829.1 -2.6% -16.5% Borrowings from development entities 4,539.5 4,813.1 4,864.3 1.1% 7.2% Other liabilities 18,737.1 19,760.5 19,165.0 -3.0% 2.3% Total liabilities 268,651.1 269,661.2 275,816.0 2.3% 2.7% Equity attributable to owners of the parent 16,175.7 16,782.7 16,452.2 -2.0% 1.7% Non-controlling interest 14,051.3 14,737.7 14,623.9 -0.8% 4.1% Total equity 30,227.0 31,520.4 31,076.0 -1.4% 2.8% Total liabilities and equity 298,878.2 301,181.6 306,892.0 1.9% 2.7% Consolidated 1Q23 4Q23 1Q24 Δ 1Q24 vs. 4Q23 1Q24 vs. 1Q23 Interest income 7,008.3 7,421.9 7,236.2 -2.5% 3.3% Interes