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Grupo Aval
Grupo Aval Business Model Canvas: Strategic Blueprint for Scaling Financial Services
Unlock the full strategic blueprint behind Grupo Aval’s business model—this concise Business Model Canvas maps customer segments, revenue streams, key partnerships, and cost structure to show how the group scales financial services across Latin America; ideal for investors, consultants, and executives seeking actionable competitive insights.
Partnerships
Strategic Fintech Alliances
Grupo Aval partners with fintech startups to add payment APIs and blockchain-based security, cutting internal R&D costs and speeding rollout; by 2025 these alliances support roughly 18% of new digital transactions and helped shave 12 months off product time-to-market versus in-house builds.
Central American Banking Affiliates
Through its Central American banking affiliates, Grupo Aval leverages a network of 14 regional banks across Colombia, Panama, Costa Rica, Honduras, El Salvador and Guatemala to underwrite cross-border corporate loans and trade finance totalling about $8.2 billion in 2024, enabling seamless services for multinationals operating on the Isthmus.
Government and Public Sector Entities
Grupo Aval partners with national and local governments to manage payroll, social security disbursements, and infrastructure financing, securing stable institutional deposits that represented about 18% of Grupo Aval’s total funding in 2024 (roughly COP 12 trillion). These long-term agreements position Aval as a lead partner in public-private partnerships and urban development projects, including 2023–2025 concessions where Aval-backed financing covered ~35% of project costs.
Insurance and Reinsurance Providers
By partnering with global and local insurers, Grupo Aval embeds bancassurance into its retail portfolio, selling life, health and property policies via branches and digital channels; bancassurance fees contributed roughly 8% of non-interest income in 2024, boosting fee revenue and cross-sell rates.
These deals increase customer stickiness—insured customers show ~25% higher product-holdings—and generate commission income while reducing churn through bundled banking-insurance offerings.
- ~8% of non-interest income (2024)
- ~25% higher product holdings for insured customers
- Sales via branches + digital channels
- Commission-based recurring revenue
Merchant and Retail Networks
Grupo Aval partners with major retail chains and service providers to expand its banking correspondent network, enabling cash deposits, bill payments, and account openings at 30,000+ non-bank points of service across Colombia and Central America as of 2025, growing physical reach by ~25% since 2021.
These alliances underpin shared loyalty schemes like TuPlus, which by 2025 had 2.1 million active cardholders and offers multi-retailer redemptions, raising card spend retention and cross-sell revenues.
- 30,000+ correspondent points (2025)
- ~25% branch-equivalent reach growth since 2021
- 2.1 million active TuPlus cardholders (2025)
- Higher card retention and cross-sell via multi-retailer redemptions
Strategic Partner Network: Fintechs, Banks, Gov’t & Insurers Powering Scale to 2025
Key partners: fintechs (18% new digital txns, -12 months time-to-market), 14 regional banks (cross-border loans $8.2B in 2024), governments (institutional deposits ~COP 12T, 18% funding 2024), insurers (bancassurance = 8% non-interest income 2024; insured customers +25% product holdings), 30,000+ correspondents (2025), TuPlus 2.1M cardholders (2025).
| Partner | Metric |
|---|---|
| Fintechs | 18% digital txns; -12mo |
| Regional banks | $8.2B loans (2024) |
| Governments | COP 12T deposits (18%) |
| Insurers | 8% fee income; +25% holdings |
| Correspondents | 30,000+ pts (2025) |
| TuPlus | 2.1M holders (2025) |
What is included in the product
Detailed Word Document
A comprehensive Business Model Canvas for Grupo Aval mapping its nine blocks—customer segments, value propositions, channels, customer relationships, revenue streams, key resources, key activities, key partnerships, and cost structure—aligned with the bank-led financial services strategy and real-world operations.
Customizable Excel Spreadsheet
High-level, editable Business Model Canvas for Grupo Aval that condenses banking strategies into a one-page snapshot—ideal for boardrooms, quick comparisons, and collaborative team adaptation.
Activities
Credit Risk Assessment and Management
Grupo Aval uses AI-driven analytics to score individual and corporate borrowers in real time, cutting default prediction error by ~20% and helping keep consolidated non-performing loan (NPL) ratio near 2.3% in 2024 across its banks. Continuous monitoring of GDP, FX, and unemployment indicators lets the group tighten lending criteria within weeks, reducing portfolio loss-given-default during 2023–2025 stress scenarios.
Digital Platform Development and Maintenance
Investment Banking and Infrastructure Financing
Grupo Aval, via Corficolombiana, structures and finances large infrastructure deals—energy, roads, and ports—using debt, equity, and project finance; in 2024 Corficolombiana closed ~USD 1.1bn in new project commitments, boosting fee and interest income. These high-complexity mandates supply advisory and capital-raising to public and private clients, delivering high-margin institutional revenue and supporting Colombia and regional GDP growth.
Pension and Severance Fund Administration
Grupo Aval manages pension and severance funds for over 8 million Colombians, running COP ~80 trillion (2025 estimate) in assets under management and using in-house asset allocation teams to meet strict Colombian Superintendence of Finance rules on capital allocation and liquidity.
This activity drives stable fee income, supports long-term AUM growth and cements Grupo Aval’s role in the national social security system.
- 8+ million clients
- COP ~80 trillion AUM (2025 est.)
- Regulated by Superintendence of Finance
- Focus: optimize returns within mandated allocations
Customer Relationship Management and Marketing
AI-driven growth: NPL 2.3%, 18% cross-sell lift, COP80T AUM, US$1.1B deals
Key activities: AI credit scoring cut default error ~20%, keeping NPL ~2.3% in 2024; US$120m capex 2023–25 on cloud, security, UX; digital channels handle 70%+ retail transactions; Corficolombiana closed ~US$1.1bn project deals in 2024; AUM COP ~80 trillion (2025 est.) for 8+ million clients; 20+ million profiles drove 18% cross-sell lift in 2024.
| Metric | Value |
|---|---|
| NPL (2024) | ~2.3% |
| AI default error ↓ | ~20% |
| Capex 2023–25 | US$120m |
| Digital retail share | 70%+ |
| Corficolombiana 2024 | US$1.1bn |
| AUM (2025 est.) | COP ~80T |
| Clients | 8–15m / 20m profiles |
| Cross-sell lift (2024) | ~18% |
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Resources
Multi-Brand Banking Infrastructure
Grupo Aval owns multiple banking brands—Banco de Bogotá, Banco de Occidente, Banco Popular and others—each focused on specific niches; together they operated ~2,800 branches and ~8,500 ATMs across Colombia and Central America as of FY2024, giving the group broad physical reach. This multi-brand, multi-channel network remains a core resource for serving customers who prefer in-person service, supporting ~60% of retail deposits in markets where branch presence drives trust.
Proprietary Digital Ecosystem and Data
The Aval Digital centralized infrastructure processes over 120 million digital transactions annually (2024), hosting proprietary profiles on ~22 million customers across banking, insurance, and pensions; this data fuels ML models that raised digital sales conversion by 18% in 2024. The cross-subsidiary integration gives Grupo Aval a unified customer view few rivals match, supporting personalized offers that cut churn by ~12 percentage points in pilot segments.
Human Capital and Financial Expertise
Grupo Aval relies on ~50,000 employees across banking and services, including data scientists, software engineers and investment bankers; this human capital drives risk management and execution of complex deals that supported COP 2.3 trillion in 2024 loan originations.
Continuous training—~120,000 training hours in 2024—keeps staff current on cloud-native fintech, AI risk models and evolving Colombian and regional compliance standards, reducing regulatory incidents by 18% year-over-year.
Strong Brand Equity and Trust
Grupo Aval’s decades-long presence in Colombia has made it a symbol of stability, helping attract institutional deposits—Grupo Aval held COP 120 trillion in customer deposits at end-2024—and retain customers through volatility, with market share among top banks near 28% in 2024.
The strong brand lowers funding costs, enabling a lower weighted average cost of capital; Aval’s 2024 reported cost of funds was ~4.2%, below regional peers, so the brand effectively commands a premium and reduces capital expense.
- COP 120 trillion customer deposits (2024)
- ~28% top-bank market share (2024)
- Cost of funds ~4.2% (2024)
Substantial Capital Reserves and Liquidity
Grupo Aval holds capital buffers above regulatory minima—CET1 ratio 14.2% and total capital ratio 18.5% at YE 2024—supporting solvency and multi-year strategic plays.
Strong liquidity (liquid assets COP 45.3 trillion, liquidity coverage ratio ~200% in 2024) funds acquisitions and capex while enabling rapid response to market shocks.
- CET1 14.2% (YE 2024)
- Total capital 18.5% (YE 2024)
- Liquid assets COP 45.3 trillion (2024)
- LCR ~200% (2024)
Grupo Aval: Nationwide reach, 22M customers, COP120T deposits, CET1 14.2%
Grupo Aval’s core resources combine a nationwide branch/ATM network (~2,800 branches, ~8,500 ATMs, 2024), centralized Aval Digital (120M digital txns, 22M customer profiles, +18% digital conversion, 2024), 50,000 employees and strong balance-sheet metrics (COP 120T deposits, CET1 14.2%, liquid assets COP 45.3T, LCR ~200%, cost of funds ~4.2%, 2024).
| Metric | Value (2024) |
|---|---|
| Branches | ~2,800 |
| ATMs | ~8,500 |
| Digital txns | 120M |
| Customer profiles | 22M |
| Employees | 50,000 |
| Customer deposits | COP 120T |
| CET1 | 14.2% |
| Liquid assets | COP 45.3T |
| LCR | ~200% |
| Cost of funds | ~4.2% |
Value Propositions
Comprehensive Financial Ecosystem
Regional Connectivity and Expertise
Grupo Aval offers corporate clients localized Andean and Central American expertise, supporting cross-border operations across Colombia, Panama, Guatemala, El Salvador and Honduras where it held c. 55% market share in retail banking deposits in Colombia and reported COP 22.4 trillion in client deposits in 2024, enabling faster market entry, regulatory navigation, and tailored financing that many global banks lack.
Digital-First Banking Convenience
Tailored Investment and Pension Solutions
Through its subsidiaries (Bancolombia Pensiones, Banco de Bogotá wealth units), Grupo Aval delivers customized wealth and pension plans aligned to client risk profiles, managing over COP 120 trillion in AUM across retail and institutional mandates as of Dec 2025.
Clients access local and global equities, fixed income, and private equity funds with advisory aiming long-term retirement targets; 68% of advisory clients use multi-asset portfolios, boosting expected retirement replacement rates.
- COP 120 trillion AUM (Dec 2025)
- Local + international equities, bonds, private equity
- 68% clients in multi-asset portfolios
Stability and Security in Financial Services
Grupo Aval offers stability via a well-capitalized, highly regulated banking group—Basel III CET1 ratio 11.8% and consolidated liquidity coverage ratio ~180% (2024), assuring deposit security and disciplined risk management.
This appeals to institutional investors and HNWIs seeking safe havens amid volatility; deposits insured under Colombian protections and diversified credit exposure reduce tail risk.
- CET1 11.8% (2024)
- LCR ~180% (2024)
- Diversified loan book across Colombia, Central America
- Regulated deposit protections for retail/institutional clients
Grupo Aval: 15.6M clients, COP269T assets, digital growth & institutional stability
Grupo Aval delivers an integrated financial ecosystem across Colombia and Central America—15.6M clients, COP 269T assets (≈USD 66B) end-2024; COP 120T AUM (Dec 2025); CET1 11.8% and LCR ~180% (2024); mobile transactions 19.4M (+38% YoY 2024); non-interest income 34% (2024), enabling cross-sell, digital convenience, and institutional-grade stability.
| Metric | Value |
|---|---|
| Clients | 15.6M (2024) |
| Assets | COP 269T (end‑2024) |
| AUM | COP 120T (Dec‑2025) |
| CET1 | 11.8% (2024) |
| LCR | ~180% (2024) |
| Mobile txns | 19.4M (+38% YoY 2024) |
| Non‑interest rev | 34% (2024) |
Customer Relationships
Personalized Wealth Management Advisory
Private bankers at Grupo Aval deliver bespoke wealth management to high-net-worth clients, combining investment advice and estate planning; as of 2024 the group managed over COP 20 trillion (≈USD 4.8bn) in private wealth, with client retention above 90% and average portfolio meetings quarterly. These ties rest on long-term trust, deep knowledge of client goals, frequent face-to-face reviews, and tailored reporting that drives AUM growth and referral flows.
Automated and Self-Service Digital Support
For retail customers, Grupo Aval deploys AI chatbots and mobile apps that handle routine tasks—balance checks, transfers, bill payments—24/7, reducing branch contacts by ~35% and cutting service costs; in 2024 digital transactions rose to 78% of total transactions across the group, improving efficiency while keeping Net Promoter Score near 45.
Dedicated Corporate Account Management
Dedicated corporate account managers at Grupo Aval serve as single points of contact for large clients, covering syndicated loans, cash management, and FX; in 2024 Grupo Aval reported corporate loan portfolio of COP 24.6 trillion and corporate deposits up 6.3% year-on-year, enabling managers to deliver sector-specific solutions that support client growth.
Loyalty and Rewards Programs
TuPlus rewards raise card usage by giving points redeemable for travel, goods, or transfers to partners, strengthening community ties and appreciation among Grupo Aval customers.
By 2025 TuPlus contributed to a ~6% rise in monthly debit and credit transactions and helped lower churn by an estimated 1.8 percentage points versus non-members.
- Points usable for travel, products, partner transfers
- ~6% increase in card transaction frequency (2025)
- ~1.8 ppt churn reduction among members
Community Engagement and Social Responsibility
Grupo Aval builds public ties via financial literacy programs and social-impact projects—reaching over 1.2 million people in 2024 through education and microfinance initiatives—boosting brand trust and retention.
Investments in sustainability (COP 45 billion in 2023) and education align the bank with customer values, strengthen its social license, and create emotional links that support long-term deposits and fee income growth.
- 1.2M people reached (2024)
- COP 45B sustainability spend (2023)
- Higher trust → lower attrition, higher deposits
Grupo Aval: COP 20T AUM, 78% digital adoption, strong corporate loans & sustainable impact
Grupo Aval maintains high-touch private banking (COP 20T AUM, >90% retention, quarterly reviews), digital self-service for retail (78% digital transactions, NPS ~45, 35% fewer branch contacts), corporate relationship managers (COP 24.6T loans, +6.3% deposits y/y), TuPlus loyalty (+6% card transactions, −1.8ppt churn), and social programs (1.2M reached, COP 45B sustainability spend).
| Metric | Value |
|---|---|
| Private AUM (2024) | COP 20 trillion |
| Retention (HNW) | >90% |
| Digital tx share (2024) | 78% |
| Corporate loans (2024) | COP 24.6 trillion |
| TuPlus impact (2025) | +6% tx, −1.8ppt churn |
| People reached (2024) | 1.2 million |
| Sustainability spend (2023) | COP 45 billion |
Channels
Extensive Physical Branch Network
Grupo Aval operates over 1,800 physical branches across Colombia and Central America (2024), anchoring complex transactions and wealth advisory that digital channels can’t fully replace; branches serve as secure touchpoints and offer personalized advisory, handling high-ticket corporate and mortgage deals. Locations span major cities and rural towns to cover 95% of population centers, supporting deposit stability and cross-sell revenue.
Mobile Banking Applications
Grupo Aval’s mobile banking apps are the primary channel for most daily retail and SME transactions, handling over 60% of retail volume and 55% of SME digital payments as of 2025; they use biometric logins (fingerprint/face) and real-time push/SMS alerts to secure accounts and improve engagement. Continuous releases—monthly updates in 2024–25—kept active mobile users at ~7.2 million, making the app the most convenient customer touchpoint.
Banking Correspondent Network
Grupo Aval uses a network of 24,000+ third-party outlets (drugstores, supermarkets) as banking correspondents, letting customers deposit cash, pay bills, and withdraw funds without branch travel; in 2024 these channels handled roughly 28% of retail cash transactions, boosting financial inclusion in rural Colombia and reducing last-mile costs per transaction by about 40% versus branches.
Online Web Portals
Online web portals serve Grupo Aval’s corporate and institutional clients with desktop-grade tools for bulk transactions and complex reporting; in 2024 corporate digital volume rose ~22% year-over-year to ~USD 18.5 billion across the group.
Features include treasury management, payroll processing, and international trade docs, supporting clients that execute thousands of monthly payments and reconcile liquidity in real time.
- Desktop-grade: bulk transfers, batch uploads
- Treasury: cash pooling, position reports
- Payroll: mass payments, tax filings
- Trade docs: letters of credit, SWIFT integration
Automated Teller Machines (ATMs)
- ~6,200 ATMs (2025)
- 24/7 access; ~18% transaction share
- Upgrades: touchscreens, contactless, cash deposits
- Cash ~40% of regional POS value
Omnichannel reach: 1,800+ branches, 7.2M mobile users, 24k correspondents, USD18.5B
Channels: 1,800+ branches (2024) covering 95% population centers; mobile apps 7.2M active users (2025) — ~60% retail volume; 24,000+ correspondent outlets — 28% retail cash; 6,200 ATMs (2025) — ~18% transaction share; corporate portal volume USD 18.5B (2024).
| Channel | Metric |
|---|---|
| Branches | 1,800+ (2024) |
| Mobile | 7.2M users (2025), ~60% retail vol |
| Correspondents | 24,000+, 28% cash (2024) |
| ATMs | 6,200 (2025), 18% share |
| Corporate | USD 18.5B (2024) |
Customer Segments
Mass-Market Retail Consumers
Grupo Aval serves millions in Colombia and Central America with basic banking: savings, personal loans, and credit cards, targeting mass-market consumers to drive volume through low-fee, high-volume products; retail deposits made up ~62% of Grupo Aval’s funding in 2024, underscoring scale. Automated digital channels handle most flows—mobile users exceeded 12 million in 2024—enabling low-cost delivery and thin margins per account.
High-Net-Worth Individuals (HNWI)
Wealthy individuals and families seeking sophisticated investment and preservation services are a core profitable segment for Grupo Aval; its private banking units managed roughly US$12.4 billion in client assets as of FY 2024, offering tailored advisory, trust structures, and tax-efficient solutions. These clients demand high personalization and exclusive global opportunities—access to international fixed income, private equity, and structured products through Aval’s cross-border platform.
Small and Medium Enterprises (SMEs)
SMEs are a core growth segment for Grupo Aval, demanding business loans, working capital and digital payment tools; in 2024 SMEs accounted for about 28% of commercial loan growth in Colombia, driving ~20% of fee income from payments and merchant services. The group offers tailored credit lines, cash‑flow forecasting tools and regulatory advisory via its SME hubs and digital platform, supporting regional GDP creation and financial inclusion.
Large Corporate and Institutional Clients
Large corporate and institutional clients include domestic and multinational corporations plus government entities needing large-scale loans, treasury, M&A, project finance, and capital markets; Grupo Aval’s investment banking unit drove roughly COP 1.2 trillion in corporate lending and advised on COP 3.6 trillion of capital transactions in 2024.
- Target: multinationals, sovereigns, state-owned firms
- Services: project finance, M&A, bond issuances, treasury
- 2024 activity: ~COP 1.2T lending, COP 3.6T deals advised
Pensioners and Long-Term Savers
Through its pension fund arm, Grupo Aval manages retirement and severance accounts for over 3.5 million clients and roughly COP 35 trillion in assets under administration (2025), focusing on stable long-term returns, low volatility, and clear reporting to retain trust across the working population.
- 3.5M clients served (2025)
- COP 35 trillion AUM (2025)
- Priority: stability, consistent returns, transparency
- Fund performance directly tied to public trust and retention
Grupo Aval: Diverse client reach—12M retail users, COP35T pensions, US$12.4B private AUM
Grupo Aval serves mass retail (12M mobile users, retail deposits ~62% of funding in 2024), affluent clients (private banking US$12.4B AUM 2024), SMEs (28% of commercial loan growth 2024; ~20% fee income from payments), corporates (COP 1.2T lending, COP 3.6T deals advised 2024), and pension clients (3.5M, COP 35T AUM 2025).
| Segment | Key metric |
|---|---|
| Retail | 12M users; deposits 62% (2024) |
| Private | US$12.4B AUM (2024) |
| SME | 28% loan growth; 20% payment fees (2024) |
| Corporate | COP 1.2T lending; COP 3.6T deals (2024) |
| Pensions | 3.5M clients; COP 35T AUM (2025) |
Cost Structure
Personnel and Administrative Expenses
A significant share of Grupo Aval’s cost base—about 28% of operating expenses in 2024—goes to salaries, benefits, and training for its ~45,000 employees, covering branch staff and back-office teams in IT, risk, and compliance. Maintaining expertise across subsidiaries requires competitive pay and annual training budgets (roughly COP 120 billion in 2024), plus certifications and talent programs to meet regulatory and digital transformation needs.
Technology and Digital Infrastructure Costs
Grupo Aval spends heavily on IT: in 2024 it invested about COP 420 billion (~USD 105m) in tech and digital infrastructure, covering servers, cloud storage, and enhanced cybersecurity to protect its 17m+ digital users; recurring software licenses and fintech partner fees add roughly 8–12% of annual IT spend, critical to keep digital channels reliable amid rising cyber threats.
Regulatory and Compliance Expenditures
Operating across Colombia, Central America, and Panama forces Grupo Aval to spend heavily on compliance with banking, AML, and data-protection rules; in 2024 the group reported compliance and legal costs at roughly COP 420 billion (about USD 100 million), reflecting ongoing investments in internal audits and reporting systems. These non-negotiable expenses preserve banking licenses and reputation, and represented ~3.2% of operating expenses in 2024, underscoring their strategic importance.
Marketing and Customer Acquisition Costs
Grupo Aval spends heavily on advertising, promotions, and TuPlus rewards to defend market share—Colombian banks' marketing-to-revenue ratios averaged ~3.2% in 2024, and Grupo Aval reported COP 145 billion marketing expenses in 2024 (approx. USD 36M), reflecting sustained TV, digital, and loyalty investments.
- Digital, TV, promo campaigns
- TuPlus rewards ecosystem costs
- Marketing ≈ COP 145B (2024)
- Marketing-to-revenue ~3.2% (2024 sector avg)
Physical Infrastructure and Branch Maintenance
Physical branches and ATMs still drive material costs for Grupo Aval: in 2024 the group reported over COP 350 billion in facility and occupancy expenses (leasing, utilities, security), plus COP ~120 billion tied to cash logistics and physical maintenance.
Branch rationalization remains ongoing—Aval closed ~120 branches in 2023–24 to cut operating costs while keeping strategic coverage.
- 2024 facility/occupancy: COP 350B
- Cash logistics/maintenance: COP 120B
- Branches closed 2023–24: ~120
Grupo Aval 2024 costs: IT & compliance lead spend; branch cuts trim expenses
Grupo Aval’s 2024 cost base is driven by personnel (~28% of Opex; COP 120B training), IT (COP 420B; ~USD105M), compliance/legal (COP 420B), marketing (COP 145B), and facilities/cash logistics (COP 350B + COP 120B); branch closures (~120) cut costs while preserving network.
| Item | 2024 (COP) |
|---|---|
| Personnel (training) | 120B |
| IT | 420B |
| Compliance | 420B |
| Marketing | 145B |
| Facilities | 350B |
| Cash logistics | 120B |
Revenue Streams
Net Interest Income from Lending
Net interest income is Grupo Aval’s core revenue, driven by the spread between loan yields and deposit costs; in 2024 the group reported COP 12.4 trillion in net interest income, supported by mortgages, personal loans, credit cards and corporate lending. Effective margin management—reflected in a 2024 net interest margin (NIM) of ~6.1%—is the main determinant of profitability and risk-adjusted returns.
Fee and Commission-Based Income
Grupo Aval earns fee and commission income from credit card annual fees, transaction charges, wealth-management commissions, bancassurance fees and brokerage services to retail and institutional clients; in 2024 non-interest income reached COP 5.8 trillion, with fees and commissions ~48% of that, giving roughly COP 2.8 trillion of stable revenue. This stream cushions interest-rate swings, contributing steady margins and predictable cash flow for operations and capital allocation.
Investment Banking and Advisory Fees
Grupo Aval, mainly via Corficolombiana and its corporate banking units, earns material fees from structuring deals, underwriting securities and M&A advisory, generating success and performance fees; in 2024 Corficolombiana reported COP 412 billion in fee income, ~18% of its operating revenue, driven by several large M&A mandates and bond underwritings.
Pension and Severance Fund Management Fees
The administration of mandatory and voluntary pension and severance funds generates recurring management fees tied to assets under management (AUM); Grupo Aval reported pension AUM of about COP 18.4 trillion in 2024, yielding steady fee income regulated by Colombian law.
Because retirement savings are long-term, fee income is predictable and scales with AUM growth—each 1% AUM increase adds roughly COP 184 billion in fee base, making this stream strategically important.
- 2024 pension AUM: ~COP 18.4 trillion
- Fees = percentage of AUM; regulated
- Long-term deposits → predictable cash flow
- 1% AUM growth ≈ COP 184 billion fee base
Dividends and Income from Non-Financial Investments
Through its investment holdings, Grupo Aval receives dividends and profit shares from energy, gas, and infrastructure firms, which in 2024 contributed an estimated COP 220 billion to non-financial income, helping offset banking NII variability.
Their stakes in national projects—roads and utilities—generate steady cashflows and acted as a hedge during 2023–24 banking stress, roughly 6–8% of consolidated net income in 2024.
- 2024 non-financial income ≈ COP 220 billion
- Contribution to consolidated net income: 6–8% (2024)
- Key sectors: energy, gas, infrastructure
- Major national projects provide long-term cashflow
Grupo Aval 2024: COP 12.4T NII, COP 5.8T non‑interest, COP 18.4T pensions
Grupo Aval’s 2024 revenues: NII COP 12.4T (NIM ~6.1%), non-interest income COP 5.8T (fees ~COP 2.8T), Corficolombiana fees COP 412B, pension AUM COP 18.4T (1% AUM ≈ COP 184B), non-financial income COP 220B (6–8% net income).
| Metric | 2024 |
|---|---|
| NII | COP 12.4T |
| Non-interest | COP 5.8T |
| Fees | COP 2.8T |
| Pension AUM | COP 18.4T |
| Non-financial | COP 220B |