Grupo Aval Reports Q2 2024 Results
Ticker: AVAL · Form: 6-K · Filed: Aug 16, 2024 · CIK: 1504764
Sentiment: neutral
Topics: earnings, financial-results, foreign-issuer
TL;DR
Grupo Aval dropped its Q2 2024 earnings report, check the numbers.
AI Summary
Grupo Aval Acciones y Valores S.A. filed a Form 6-K on August 16, 2024, reporting its consolidated results for the second quarter of 2024. The filing indicates that Grupo Aval is an issuer of securities in Colombia and the United States.
Why It Matters
This filing provides investors with key financial performance data for Grupo Aval, a significant financial institution, allowing them to assess its current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial results filing and does not contain any unusual or high-risk information.
Key Players & Entities
- Grupo Aval Acciones y Valores S.A. (company) — Registrant
- 20240816 (date) — Filing Date
- 20240815 (date) — Period of Report Date
- Bogotá D.C., Colombia (location) — Principal Executive Office
FAQ
What is the primary purpose of this Form 6-K filing?
The primary purpose of this Form 6-K filing is to report the consolidated results of Grupo Aval Acciones y Valores S.A. for the second quarter of 2024.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed with the SEC on August 16, 2024.
What period do the reported consolidated results cover?
The reported consolidated results cover the second quarter of 2024.
Where are Grupo Aval's principal executive offices located?
Grupo Aval's principal executive offices are located at Carrera 13 No. 26A - 47, Bogotá D.C., Colombia.
Does Grupo Aval file annual reports under Form 20-F or Form 40-F?
Yes, Grupo Aval indicates it files annual reports under cover of Form 20-F.
Filing Stats: 4,395 words · 18 min read · ~15 pages · Grade level 3.7 · Accepted 2024-08-15 20:11:03
Filing Documents
- dp216681_6k.htm (6-K) — 822KB
- cover.jpg (GRAPHIC) — 61KB
- gray-line.jpg (GRAPHIC) — 2KB
- logo.jpg (GRAPHIC) — 2KB
- p21.jpg (GRAPHIC) — 18KB
- right_arrow.jpg (GRAPHIC) — 2KB
- 0000950103-24-012300.txt ( ) — 941KB
Financial Statements Under IFRS
Financial Statements Under IFRS Information in Ps. Billions Consolidated Statement of Financial Position 2Q23 1Q24 2Q24 D 2Q24 vs. 1Q24 2Q24 vs. 2Q23 Cash and cash equivalents 19,195.7 18,568.3 19,296.3 3.9% 0.5% Trading assets 13,256.1 15,384.5 16,531.2 7.5% 24.7% Investment securities 32,829.6 36,560.0 37,257.8 1.9% 13.5% Hedging derivatives assets 69.4 58.9 61.6 4.5% -11.3% Total loans, net 177,912.5 178,471.0 184,018.1 3.1% 3.4% Tangible assets 7,113.6 7,094.4 7,198.3 1.5% 1.2% Goodwill 2,215.2 2,203.0 2,214.1 0.5% 0.0% Concession arrangement rights 13,558.6 13,568.4 13,881.7 2.3% 2.4% Other assets 31,910.8 34,983.5 36,156.4 3.4% 13.3% Total assets 298,061.6 306,892.0 316,615.6 3.2% 6.2% Trading liabilities 1,859.9 1,193.1 1,375.5 15.3% -26.0% Hedging derivatives liabilities 8.9 160.0 66.6 -58.3% N.A. Customer deposits 180,244.5 189,212.2 198,365.4 4.8% 10.1% Interbank borrowings and overnight funds 13,459.9 17,222.0 15,427.4 -10.4% 14.6% Borrowings from banks and others 23,916.9 21,170.2 21,276.5 0.5% -11.0% Bonds issued 25,424.8 22,829.1 24,462.3 7.2% -3.8% Borrowings from development entities 4,122.4 4,864.3 4,363.2 -10.3% 5.8% Other liabilities 18,262.4 19,165.0 19,599.3 2.3% 7.3% Total liabilities 267,299.6 275,816.0 284,936.4 3.3% 6.6% Equity attributable to owners of the parent 16,465.4 16,452.2 16,719.8 1.6% 1.5% Non-controlling interest 14,296.6 14,623.9 14,959.4 2.3% 4.6% Total equity 30,762.0 31,076.0 31,679.2 1.9% 3.0% Total liabilities and equity 298,061.6 306,892.0 316,615.6 3.2% 6.2% Consolidated Statement of Income 2Q23 1Q24 2Q24 D 2Q24 vs. 1Q24 2Q24 vs. 2Q23 Interest income 7,154.6 7,236.2 7,238.9 0.0% 1.2% Interest expense 5,579.1 5,555.8 5,317.6 -4.