Grupo Aval revealed that it increased a profit of 2.48 trillion pesos during 2022. Likewise, it indicated that the return on average equity (Roae) was 14 percent and the return on average assets (Roaa) was 1.6 percent.

The company reported that the conditions of the Colombian economy will lose traction during the quarter of 2022 and that GDP growth in that period of time was the lowest in the last seven quarters, reaching 2.9 percent when compared to the same quarter of 2021.
In addition, the three previous quarters grew 7.8, 12.1 and 7.7 percent, respectively.

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GDP growth during the year was 7.5 percent. Inflation accelerated notably in the last quarter and for the year amounted to 13.2 percent, the highest since 1999. For this reason, the Banco de la República accelerated a contractive monetary policy, which reached a total increase of 900 basic points during the anus.

as such, Grupo Aval’s consolidated loan portfolio grew 18.1 percent in 2022 (4.1 percent in the last quarter).

The consumer portfolio grew 17 percent; the commercial portfolio, 18.3 percent, and the mortgage portfolio grew 21.8 percent. In turn, total deposits grew 17 percent in 2022.

In addition, the company highlighted that the quality of the portfolio had improvements: in the case of the portfolio over 30 days, it improved 30 basis points, from 4.65 to 4.35 percent. And at more than 90 days, it improved 38 basis points.

Total assets as of December 31, 2022 amounted to 295.5 trillion pesos, which shows an annual increase of 16.2 percent, and this was mainly driven by an annual growth of 21.5 percent in the loan portfolio. net credits, which amounted to $179.1 billion.

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In the case of commissions for banking services, fiduciary activities, and storage services, they grew 17.11 percent, 4.95 percent, and 10.54 percent, respectively, in the year, while pension fund administration commissions and layoffs decreased 26.16 percent as a result of the poor behavior of the capital markets and the increase in pension insurance premiums after the pandemic.

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