trending Market Intelligence /marketintelligence/en/news-insights/trending/60drMdICkUjtP2ng4Rretw2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Grupo Aval's Q4'18 net income jumps 82.3% as trading, other income soar

StreetTalk – Episode 70: Banks' Liquidity Conundrum Could Fuel M&A Activity

Street Talk Episode 70 - Banks' Liquidity Conundrum Could Fuel M&A Activity

StreetTalk – Episode 69: Banks left with pockets full of cash and few places to go

Street Talk – Episode 69: Banks left with pockets full of cash and few places to go

Grupo Aval's Q4'18 net income jumps 82.3% as trading, other income soar

Grupo Aval Acciones y Valores SA's net income for the fourth quarter of 2018 soared 82.3% from the year-ago period as net trading income and other income skyrocketed.

The Bogotá-based lender posted net income attributable to owners of the parent of 850.7 billion pesos, or 38.2 pesos per share, for the fourth quarter of 2018, jumping yearly from 466.7 billion pesos, or 20.9 pesos per share.

Net interest income totaled 2.757 trillion pesos, slightly up from 2.752 trillion pesos in the linked quarter and 3.6% higher from 2.662 trillion pesos in the year-ago period. The company's net interest margin was at 5.7% during the quarter, down from 5.9% in the third quarter and 5.8% in the fourth quarter of 2017.

Net trading income contributed 318.9 billion pesos to the result, with a 78.3% annual increase from 178.8 billion pesos. Net income from the sale of goods and services also improved to 1.207 trillion pesos, compared to 297.6 billion pesos a year ago. Fee and commission income rose 11.2% to 1.297 trillion pesos while total other income soared 67.9% to 500.8 billion pesos.

Grupo Aval's impairment loss on financial assets jumped 24.1% to 1.300 trillion pesos from about 1.048 trillion pesos. Total other expenses were up 10.3% year over year to 2.693 trillion pesos.

The company's net total loans and receivables portfolio grew 4.9% to reach 168.686 trillion pesos during the quarter. Grupo Aval's past-due loans that are more than 90 days due stood at 3.1%, slightly down from the 3.2% in the linked quarter but higher than the 2.8% recorded in the year-ago period.

The return on average assets for the fourth quarter of 2018 grew to 2.6%, from 1.3% a year ago. On the other hand, return on average equity rose to 19.6% from 11.6%.

Total net income for full year 2018 reached 2.913 trillion pesos, 48.4% higher compared to 1.962 trillion pesos in 2017.

As of March 14, US$1 was equivalent to 3,137.50 Colombian pesos.