Aval Group Doubles During the First Quarter
In March, the net profit increased by $ 1.72 trillion, with a 118% increase from 2021 onwards.
Colombian holding company The Aval Group reports that in the first quarter of this year it raised a net profit of $ 1.72 trillion, which represents an increase of 118% from the same period of 2021 and in comparison with the last quarter of the year since its superiors in 123%.
The result is that this result includes an extraordinary increase of approximately $ 720,000 million, as a result of the consolidation of BAC Holding International Corporation (BHI) after its decision to finalize the first quarter of this year.
As a result of the escalation, Group Aval‘s attributable assets were contracted approximately $ 6.64 billion, the total assets decreased by $ 111.2 billion, the total lease at $ 69.8 billion and the total deposits at $ 83.8 billion approximately .
Asimismo, the consolidated assets increased by $ 261.1 billion, the gross legal entity had $ 158.3 billion, and the deposited funds increased by $ 152.7 billion.
The Grupo Aval reported in its results that the quality of continuous credit is increasing and proof of this is that the card has increased by more than 30 days in 82 basic points in the quarter, impulsed by a major of 76 basic points in the quality of the commercial card and 110 basic points in the quality of the card consumed during the same period.
In the same way, the indicator of the carter comes up to 90 days more than 59 basic points in the year.
For its part, the cost of a major risk is 59 basic points compared to the first quarter of 2021 and is stable in the last three months of this year.
Another key indicator, the total net margin of interest (MNI) is stable in front of the first quarter of 2021. During the quarter, the MNI totaled 11 basic points that were pulsed mainly by a decrease of 20 basic points in the MNI chart.
In other words, the consolidated efficiency of the Aval Group, as well as guests on the transfer of assets, increased 51 basic points during the first quarter of 2022, in particular as a result of a decrease of 14.5% in the total number of guests in the first quarter .
The financial holding also shows that the size of the sector not financed created the 32.5% compared with the first quarter of 2021 and 51% compared with the quarter of 2021, mainly due to the contributions of the energy and gas sector and infrastructure.
The previous results exclude, by comparability, the BHI contribution from the historical figures. Aval Opera Group traverses Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas), the pension fund and cents Santas Porvenir y Corficolombiana.