Grupo Aval increases profits by 38% in 3Q16
Grupo Aval aumenta un 38% sus utilidades en el tercer trimestre de 2016
Intel ID : 243000
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Grupo Aval (BVC:GRUPOAVAL), a Bogota, Colombia-based financial group, registered an increase of 38% in its 3Q16 profits, compared to the same period of 2015, announced the company in a filing published by regulator Superintendencia Financiera de Colombia on 29 November 2016. Specifically, the company registered profits of USD 193.2m in 3Q16. In the prospect submitted to the regulator, Grupo Aval explained the results follow an improvement in its operational profits and a reduction in the cost of supplies.
(content in spanish)
Grupo Aval (BVC:GRUPOAVAL), grupo financiero con sede en Bogotá, ha registrado un aumento del 38% en sus utilidades durante el tercer trimestre de 2016, comparado con el mismo periodo de 2015, ha informado la compañía en un hecho relevante remitido a la Superintendencia Financiera de Colombia el 29 de noviembre de 2016. En concreto, la compañía ha obtenido ganancias por USD 193,2m en el tercer trimestre de 2016. En el prospecto de emisión presentado ante la Superintendencia, Grupo Aval ha explicado que los resultados se deben a la mejora de su utilidad operacional y a la reducción en el gasto de provisiones. |
Relevant Documents
| Company Report | 29 Nov 2016 | Aval_Informe_Cuentas_Trimestrales_3Q_2016.pdf | EN |
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| Intel ID | 243000 | |
| Value | ND | |
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US Dollar (USD)
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Financial Data - Grupo Aval
(31 Dec 2013) |
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25.01.03 Commercial, Retail & Mortgage Banking 25 Financial Services / 25.01 Banking & Investment |
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40.02.07 Financial Software 40 Information Technology / 40.02 Industry-Specific Software |
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Legend:
Verified: Confirmed as a party to an active or possible transaction.
Potential: Unconfirmed as a party to an active or possible transaction.
Retained: Confirmed as “Retained” with a general or specific mandate.
Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.
Transactional data is continuously updated by the research team and therefore is subject to change.