WE ARE GRUPO AVAL
WE ARE GRUPO AVAL
MAIN ENTITIES OF THE AVAL GROUP
- Commercial banking: Banco de Bogotá, Banco de Occidente, Banco Popular, AV Villas, and Dale! Digital Wallet
- Pensions and severance pay: Porvenir
- Investments and real sector: Corficolombiana
- Fiduciary and investment services: Aval Fiduciaria, Aval Banca de Inversión, Aval Casa de Bolsa
KEY FIGURES
AFFILIATIONS
RANKINGS AND RECOGNITIONS - GRUPO AVAL HOLDINGS
We participated for the fifth consecutive year in the Dow Jones Sustainability Index and obtained a rating of 65 points, a growth of 16 points compared to 2023 and placing us in the 90th percentile.
We ranked sixth in the list of the 10 most inclusive companies in Latin America. The Chamber of Diversity and the National Consulting Center compile this ranking to recognize and highlight the initiatives of organizations and individuals dedicated to creating safe and discrimination-free workplaces.
Our President, María Lorena Gutiérrez, was recognized as CEO of the Year 2025 by Forbes Colombia. María Lorena, along with María Fernanda Suárez – President of Banco Popular, Ana Milena López – President of Corfi, and Ana Margarita Albir – President of ADL, were also highlighted among the 100 Most Powerful Women of 2025, in recognition of their leadership and influence in the country.
We were recognized as the second most reputable conglomerate in Colombia, advancing 18 positions in the Merco Companies 2024 ranking. Five of our top executives from Grupo Aval and its subsidiaries were recognized by Merco Leaders.
Throughout 2024, we maintained our BB rating in the MSCI ranking. In the Social dimension, our practices for maintaining data privacy and security stand out. Regarding the Governance pillar, we excelled in corporate behavior, thanks to our robust policies on business ethics and anti-corruption.
Grupo Aval, Banco de Bogotá, Banco Popular and Corfi received the BVC IR recognition
Grupo Aval and all its subsidiaries have received the Friendly Biz recertification, awarded for the sixth consecutive year by the Chamber of Diversity, in recognition of our commitment to inclusion and diversity; the next recertification will take place in 2026.
Within the framework of the She Is 2024 Global Forum, aimed at highlighting female empowerment and gender equality, our President María Lorena Gutiérrez was awarded Woman of the Year 2024
We participated for the fifth consecutive year in the Dow Jones Sustainability Index and obtained a rating of 65 points, a growth of 16 points compared to 2023 and placing us in the 90th percentile.
We ranked sixth in the list of the 10 most inclusive companies in Latin America. The Chamber of Diversity and the National Consulting Center compile this ranking to recognize and highlight the initiatives of organizations and individuals dedicated to creating safe and discrimination-free workplaces.
Our President, María Lorena Gutiérrez, was recognized as CEO of the Year 2025 by Forbes Colombia. María Lorena, along with María Fernanda Suárez – President of Banco Popular, Ana Milena López – President of Corfi, and Ana Margarita Albir – President of ADL, were also highlighted among the 100 Most Powerful Women of 2025, in recognition of their leadership and influence in the country.
We were recognized as the second most reputable conglomerate in Colombia, advancing 18 positions in the Merco Companies 2024 ranking. Five of our top executives from Grupo Aval and its subsidiaries were recognized by Merco Leaders.
Throughout 2024, we maintained our BB rating in the MSCI ranking. In the Social dimension, our practices for maintaining data privacy and security stand out. Regarding the Governance pillar, we excelled in corporate behavior, thanks to our robust policies on business ethics and anti-corruption.
Grupo Aval, Banco de Bogotá, Banco Popular and Corfi received the BVC IR recognition
Grupo Aval and all its subsidiaries have received the Friendly Biz recertification, awarded for the sixth consecutive year by the Chamber of Diversity, in recognition of our commitment to inclusion and diversity; the next recertification will take place in 2026.
Within the framework of the She Is 2024 Global Forum, aimed at highlighting female empowerment and gender equality, our President María Lorena Gutiérrez was awarded Woman of the Year 2024
CORPORATE STRATEGY
Our strategy unfolds through seven pillars covering core business aspects such as:
Mission
We are the Aval that drives, supports, and transforms businesses, generating opportunities, sustainable development, and progress for all our stakeholders.
Vision
To consolidate our position as the leading financial conglomerate in the Colombian market, recognized for our strength, profitability, sustainability, innovation, and contribution to key sectors of the economy, thereby maximizing value for our investors and stakeholders.
HISTORY
1971 a 1972
- Aval enters the banking sector with the acquisition of Banco de Occidente Credencial.
- Las Villas savings and housing corporation is founded
1991 a 1992
- Acquisition and consolidation of Banco de Bogotá.
- Establishment of Porvenir Severance Fund.
- Porvenir expands its portfolio to become a Pension and Severance Fund
- Acquisition of Banco del Comercio and merger with Banco de Bogotá
1997 a 1999
- Acquisition of Banco Popular and Ahorramas.
- Acquisition of financial corporations, later merged to become Corficolombiana
1998 a 1999
- Grupo Aval begins operations
- Grupo Aval's first share offering on the Colombian Stock Exchange (BVC)
2000 a 2007
- Grupo Aval carries out its second share issuance in the Colombian market.
- Acquisition of Megabanco, Banco Aliadas and Banco Unión Colombiano
- Merger of Ahorramás and Las Villas.
2010 a 2011
- Registration with the U.S. Securities and Exchange Commission (SEC).
- Acquisition of related-party shares to consolidate 93.7% of Banco Popular.
- Local issuance of US$1.1 billion represents the largest placement in the Colombian capital market by a private company.
- Grupo Aval issues preferred shares totaling COP$2.08 trillion.
2012 a 2013
- Grupo Aval and Banco de Bogotá issue international market bonds for US$1.6 bn and US$1.1 bn, respectively.
- The acquisition of BBVA Horizonte is closed, which later merges with Porvenir.
- Acquisition of BBVA Panama and Grupo Reformador in Guatemala is closed.
- Grupo Aval issues common shares for 2.4 bn.
- The shareholding in Banco de Bogotá and Banco de Occidente increases.
2014 a 2018
- Grupo Aval issues preferred shares as ADRs on the New York Stock Exchange (NYSE)
- Increased direct ownership in Banco de Bogotá and Banco de Occidente.
- Grupo Aval acquires a direct stake in Corficolombiana.
2019 a 2020
- Grupo Aval issues local market bonds for $400 billion.
- Grupo Aval issues international market bonds for US$1.0 bn.
- The acquisition of Multi Financial Group of Panama is closed.
2021 a 2022
- Spin-off of 75% of BHI (BAC Holding International Corp.) to Banco de Bogotá shareholders, and spin-off to Grupo Aval shareholders of the BHI shares received.
- Banco de Bogotá participated in a tender offer for BHI common shares, selling 20.89% of its stake.
2024 a 2025
- In December 2024, Grupo Aval completed the acquisition of 94.5% of Aval Fiduciaria (formerly Fiduciaria Corficolombiana), 40.7% of Aval Casa de Bolsa (formerly Casa de Bolsa), and the creation of Aval Banca de Inversión was approved, officially constituted on January 13, 2025.