Grupo Aval Acciones y Valores S.A. (GRUPOAVAL) Earnings Call Transcripts

Grupo Aval Acciones y Valores S.A.'s Latest Earnings Call - Q1 FY2026

In the first quarter of 2026, Grupo Aval reported a slight decline in attributed net income to COP 336 billion, down 2.3% year-over-year, primarily impacted by a one-time equity tax of COP 312 billion. Revenue growth was supported by a 6% increase in gross loans and an 11.7% rise in deposits, indicating strong operational performance despite external pressures. Management maintained guidance for loan growth at approximately 9.5% for the year, with a focus on enhancing operational efficiency and navigating a challenging economic landscape.

Reported metrics

Guidance from management

Management expects loan growth of approximately 9.5% for 2026, with commercial loans growing around 6.5% and retail loans by 14%. They anticipate a return on average equity in the 9.5% range, factoring in the impact of the equity tax.

What management said

Yes. A final one for your very good question, Brian. If you take our previous guidance was 10.5%. We have roughly 1.2 percentage point impact from the equity tax. We have a strong impact from the NIM and we're compensating up. So all in all, if you strip away that the equity tax, we actually lowered our guidance in roughly 20 basis points or something of that order of market.

It's a question that we hear all the time. We just are working on having efficiencies and having synergies between among banks, and we have a good integration with a few this year. So we are on the way to be more efficient, to have more impact and to act. So we are working on that. No more to say.

What analysts pressed on

Analysts expressed concerns regarding the impact of the equity tax on profitability and the potential risks associated with the current economic environment, including inflation and political uncertainty. There were questions about the sustainability of consumer loan growth amidst these challenges.

Main topics on the call

• Impact of Equity Tax — The equity tax imposed a significant burden on the company's financials, with a COP 210 billion impact on attributable net income, reducing ROAE by approximately 47 basis points. Management noted, "Excluding this onetime...
• Corporate Strategy Launch — Grupo Aval unveiled its 2026-2031 Corporate Strategy aimed at enhancing market relevance and operational efficiency. CEO Maria Gutierrez stated, "Our strategy is organized around 3 core access: relevance, opportunities a...
• Loan and Deposit Growth — Gross loans increased by 6% year-over-year to COP 193.6 trillion, while deposits grew 11.7% to COP 216.8 trillion, reflecting strong demand for funding. Management emphasized, "We continue to make progress in growing our...
• Acquisition of Itau's Personal Banking Business — The acquisition is expected to significantly enhance Banco de Bogota's market position, with projected growth of COP 3.3 trillion in consumer portfolios and COP 3.2 trillion in mortgage lending. Management highlighted th...

Read the full Grupo Aval Acciones y Valores S.A. transcript (Q1 FY2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 26 Grupo Aval Acciones y Valores S.A. earnings call transcripts on record, spanning March 17, 2020 to August 13, 2026. Based on this history, Grupo Aval Acciones y Valores S.A. reports quarterly. The most recent call on file is dated August 13, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

GRUPOAVAL

Exchange

BVC

Country

CO

Sector

Financials

Industry

Banks

Calls on record

26

First call

March 17, 2020

Most recent

August 13, 2026

Reporting cadence

quarterly