Grupo Aval Acciones Y Valores Sa Pfd (AVAL) has released an update.
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Grupo Aval S.A., Colombia’s leading financial conglomerate, reported a consolidated net income of Ps 113.7 billion for the first quarter of 2024, marking a 2.7% return on average equity (ROAE) and a 0.6% return on average assets (ROAA). The report highlights a 1.5% quarterly and 2.2% annual growth in gross loans and deposits, with gains in market shares across various loan categories. Despite a slight deterioration in loan portfolio quality, efficiency ratios improved, and net interest margin on loans saw an increase.
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