Grupo Aval Acciones y Valores SA (LTS:0J1B)

Q2 2026 Grupo Aval Acciones y Valores SA Earnings Call Transcript

Aug 13, 2026 / 02:00 PM GMT

Release Date Price: $5.47 (+1.30%)

Transcript

Key Points

Positve

Attributable net income reached 577 billion Colombian pesos, up 17% YoY, the highest quarterly result since March 2022, with ROAE at 12.7%.
Loan growth accelerated with gross loans up 2.1% QoQ and 7.6% YoY, driven by strong commercial and retail loan expansion.
Net interest margin improved to 5.5% in Q2 2026, benefiting from strong investment portfolio performance and disciplined repricing.
Asset quality remained stable with 90-day PDLs at 3.13%, improving 44 basis points YoY, and cost of risk well controlled at 1.9%.
Successful completion of the Itau retail business transfer to Banco de Bogota, adding over 250,000 customers and strengthening retail franchise.
Technology strategy execution is progressing, with digital adoption at 67% and AI-enabled solutions handling 30% of portal installs, driving efficiency and innovation.

Negative

Inflation in Colombia rose to 6.0% in July, moving further from the central bank's target, leading to higher interest rates and potential margin pressure.
The central bank raised its policy rate to 12% in June, and further increases are expected, which could weigh on loan growth and asset quality.
Fiscal deficit is projected to reach 6.7% of GDP in 2026, above the target, raising concerns about fiscal sustainability and economic stability.
The earthquake in Colombia caused temporary service interruptions and could impact asset quality and operational performance in affected regions.
Consumer loan market share declined 125 basis points YoY due to an underweight in personal loans, which are the main driver of consumer lending growth.
The company's guidance for 2026 ROAE is 9.25%, below the current quarterly run rate, reflecting caution about second-half headwinds from higher rates and potential tax increases.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GRUPOAVAL.CN - Grupo Aval Acciones y Valores S.A.
Q2 2026 Grupo Aval Acciones y Valores SA Earnings Call
Aug 13, 2026 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Welcome to Grupo Aval's second-quarter 2026 consolidated results conference call. My name is Regina, and I will be your operator for today's call. Grupo Aval Accion es Y Velores SEA Grupo Aval is an issuer of securities in Colombia and in the United States SEC. As such, it is subject to compliance with securities regulation in Colombia and applicable U.S. Securities regulation. Grupo Aval is also subject to the inspection and supervision of the Superintendency of Finance as holding company of the Aval Financial conglomerate.

The consolidated financial information included in this document is presented in accordance with IFRS as currently issued by the IASB.

Details of the calculations

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