Grupo Aval Reports Q3 2024 Results
Ticker: AVAL · Form: 6-K · Filed: Nov 15, 2024 · CIK: 1504764
| Field | Detail |
|---|---|
| Company | Grupo Aval Acciones Y Valores S.A. (AVAL) |
| Form Type | 6-K |
| Filed Date | Nov 15, 2024 |
| Risk Level | low |
| Pages | 15 |
| Reading Time | 17 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: earnings, financial-results, sec-filing
TL;DR
Grupo Aval dropped its Q3 2024 earnings report, check the numbers.
AI Summary
Grupo Aval Acciones y Valores S.A. filed a Form 6-K on November 15, 2024, reporting its third quarter 2024 consolidated results. The filing indicates the company is subject to Colombian and U.S. securities regulations and is supervised by the Superintendency of Finance.
Why It Matters
This filing provides investors with key financial performance data for Grupo Aval for the third quarter of 2024, crucial for assessing the company's health and making investment decisions.
Risk Assessment
Risk Level: low — This is a routine financial results filing and does not contain new material events or significant changes.
Key Players & Entities
- Grupo Aval Acciones y Valores S.A. (company) — Filer of the report
- United States Securities and Exchange Commission (company) — Recipient of the filing
- Superintendency of Finance (company) — Supervisory body for Grupo Aval
FAQ
What period does this Form 6-K report cover?
This Form 6-K reports on the third quarter of 2024.
What is the filing date of this report?
This report was filed on November 15, 2024.
Under which U.S. securities regulations is Grupo Aval subject?
Grupo Aval is subject to U.S. securities regulations under Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934.
What is Grupo Aval's primary business classification?
Grupo Aval's Standard Industrial Classification is COMMERCIAL BANKS, NEC [6029].
Does Grupo Aval 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: 4,355 words · 17 min read · ~15 pages · Grade level 3.9 · Accepted 2024-11-14 18:18:24
Filing Documents
- dp220669_6k.htm (6-K) — 967KB
- image_019.jpg (GRAPHIC) — 15KB
- image_101.jpg (GRAPHIC) — 54KB
- image_102.jpg (GRAPHIC) — 2KB
- image_103.jpg (GRAPHIC) — 2KB
- 0000950103-24-016326.txt ( ) — 1069KB
Financial Statements Under IFRS
Financial Statements Under IFRS Financial Information in Ps. Billions D Consolidated Statement of Financial Position 3Q23 2Q24 3Q24 3Q24 vs. 2Q24 3Q24 vs. 3Q23 Cash and cash equivalents 18,382.3 19,296.3 19,151.9 -0.7% 4.2% Trading assets 12,936.0 16,531.2 20,234.6 22.4% 56.4% Investment securities 33,712.1 37,257.8 36,525.2 -2.0% 8.3% Hedging derivatives assets 34.0 61.6 71.8 16.7% 111.6% Total loans, net 178,447.7 184,018.1 184,554.6 0.3% 3.4% Tangible assets 7,038.7 7,198.3 7,172.7 -0.4% 1.9% Goodwill 2,210.7 2,214.1 2,215.2 0.0% 0.2% Concession arrangement rights 13,571.9 13,881.7 13,998.9 0.8% 3.1% Other assets 32,399.2 36,156.4 36,690.7 1.5% 13.2% Total assets 298,732.5 316,615.6 320,615.6 1.3% 7.3% Trading liabilities 1,258.7 1,375.5 983.4 -28.5% -21.9% Hedging derivatives liabilities 116.0 66.6 25.0 -62.5% -78.5% Customer deposits 180,296.3 198,365.4 196,025.0 -1.2% 8.7% Interbank borrowings and overnight funds 15,322.5 15,427.4 21,296.0 38.0% 39.0% Borrowings from banks and others 23,589.1 21,276.5 21,027.4 -1.2% -10.9% Bonds issued 24,641.6 24,462.3 24,658.7 0.8% 0.1% Borrowings from development entities 4,926.2 4,363.2 4,009.2 -8.1% -18.6% Other liabilities 17,827.6 19,599.3 19,800.3 1.0% 11.1% Total liabilities 267,978.1 284,936.4 287,824.9 1.0% 7.4% Equity attributable to owners of the parent 16,381.6 16,719.8 17,386.5 4.0% 6.1% Non-controlling interest 14,372.8 14,959.4 15,404.3 3.0% 7.2% Total equity 30,754.4 31,679.2 32,790.8 3.5% 6.6% Total liabilities and equity 298,732.5 316,615.6 320,615.6 1.3% 7.3% D Consolidated Statement of Income 3Q23 2Q24 3Q24 3Q24 vs. 2Q24 3Q24 vs. 3Q23 Interest income 7,334.6 7,238.9 6,874.0 -5.0% -6.3% Interest expense 5,702.2 5,317.6 5,206.0 -2.1% -8.7% Net interest income 1,63