Colombia · Delayed Price · Currency is COP Grupo Aval Acciones y Valores Earnings Call Transcripts
Fiscal Year 2026
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Net income rose 17% year-over-year to COP 577 billion, with ROAE at 12.7% and strong loan and deposit growth. Guidance for 2026 includes 10.5% loan growth and ROAE of 9.25%, while asset quality and capital ratios remain stable amid macroeconomic and fiscal challenges.
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Q1 2026 net income declined 2.3% year-over-year to COP 336 billion, mainly due to a one-time equity tax, while underlying business trends improved. The group completed the MFG sale, advanced its 2026-2031 strategy, and expects loan growth of 9.5% and ROAE of 9.25% for 2026.
Fiscal Year 2025
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Net income surged 70% in 2025, driven by strong banking and Corficolombiana results, while major strategic moves included the divestment of MFG and acquisition of Banco Itaú's retail business. 2026 guidance anticipates moderate loan growth, stable NIM, and persistent macroeconomic challenges.
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Net income surged 88% year-over-year, with Q3 reaching COP 521 billion, driven by strong net interest income, loan growth, and improved asset quality. Guidance for 2025–2026 anticipates continued loan and fee growth, stable NIM, and higher cost of risk amid macro and political uncertainty.
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Net income surged 142% year-over-year in Q2 2025, driven by improved NIM, lower cost of risk, and strong deposit growth. Loan growth was modest but is expected to accelerate in H2, with guidance reaffirmed for double-digit ROE and stable asset quality.
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Net income surged 28% sequentially and over threefold year-on-year, driven by strong loan and deposit growth, especially in mortgages, and improved operational efficiency. Guidance for 2025 was slightly lowered due to slower NIM recovery and macroeconomic uncertainty, but profitability and asset quality remain robust.
Fiscal Year 2024
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Net income grew 38% year-over-year to over COP 1 trillion, with gains in market share for loans and deposits. 2025 guidance targets 10% loan growth, NIM of 4.15%, and ROE around 11%, amid ongoing macroeconomic and regulatory challenges.
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ROE rebounded to 9.7% as cost of risk and NIM improved, with loan growth led by mortgages and consumer segments. 2024 guidance targets 6.5%-7% loan growth and 3.6% NIM, while 2025 aims for 10% loan growth and 11% ROE. Fiscal and regulatory risks persist, but profitability is expected to rise.
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Management renewal and strategic focus on sustainability marked the quarter, with strong loan and deposit growth, improved asset quality in consumer loans, and strengthened capitalization across subsidiaries. 2024 guidance anticipates higher loan growth, stable efficiency, and gradual recovery in profitability.