Quarterly ResultMay 18, 2026, 04:54 PM
Grupo Aval 1Q26 Net Income Ps 336.6B; ROAE 7.4%
AI Summary
Grupo Aval reported a consolidated attributable net income of Ps 336.6 billion for 1Q2026, a decrease of 2.3% quarter-on-quarter and 6.9% year-on-year. The results were significantly impacted by a one-time Colombian equity tax, which reduced attributable net income by Ps 210.1 billion. Excluding this tax, the Return on Average Equity (ROAE) would have been 12.0% instead of the reported 7.4%. The company saw its consolidated loan portfolio grow 1.5% quarterly and 6.0% annually, with total deposits increasing 4.5% quarterly and 11.7% annually. Loan quality improved, with loans past due more than 90 days decreasing to 3.13%.
Key Highlights
- Attributable net income was Ps 336.6 billion, down 2.3% QoQ and 6.9% YoY.
- ROAE was 7.4% (12.0% excluding Ps 210.1 billion equity tax impact).
- Consolidated loan portfolio grew 1.5% QoQ and 6.0% YoY to Ps 193.7 trillion.
- Total deposits increased 4.5% QoQ and 11.7% YoY to Ps 216.8 trillion.
- Loans past due over 90 days decreased to 3.13%, down 16 bps QoQ.
- Cost of risk, net, was 1.8%, increasing 6 basis points QoQ.
- Gross profit from sales of goods and services rose 90.7% QoQ to Ps 861.6 billion.
- Net income from commissions and fees increased 6.9% YoY to Ps 956.7 billion.
Price Impact
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