Grupo Aval Acciones y Valores (Grupo Aval Acciones y Valores) Credit Losses Provision : $1,115 Mil (As of Dec. 2023)

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What is Grupo Aval Acciones y Valores Credit Losses Provision?

Grupo Aval Acciones y Valores's credit losses provision for the three months ended in Dec. 2023 was $342 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $1,115 Mil.

Grupo Aval Acciones y Valores's quarterly credit losses provision increased from Jun. 2023 ($257 Mil) to Sep. 2023 ($326 Mil) and increased from Sep. 2023 ($326 Mil) to Dec. 2023 ($342 Mil).

Grupo Aval Acciones y Valores's annual credit losses provision declined from Dec. 2021 ($810 Mil) to Dec. 2022 ($654 Mil) but then increased from Dec. 2022 ($654 Mil) to Dec. 2023 ($1,186 Mil).

Grupo Aval Acciones y Valores Credit Losses Provision Historical Data

The historical data trend for Grupo Aval Acciones y Valores's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Grupo Aval Acciones y Valores Credit Losses Provision Chart

Grupo Aval Acciones y Valores Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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1,194.57

1,288.49

809.99

654.26

1,186.18

Grupo Aval Acciones y Valores Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															176.48	190.43	256.77	325.98	342.08

Grupo Aval Acciones y Valores Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $1,115 Mil.

Grupo Aval Acciones y Valores (Grupo Aval Acciones y Valores) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Grupo Aval Acciones y Valores SA (NYSE:AVAL) » Definitions » Credit Losses Provision

Traded in Other Exchanges

6GAA:Germany PFAVAL:Columbia GRUPOAVAL:Columbia

Address

Carrera 13 No. 26A - 47, Bogota D.C., COL, 110311

Website

https://www.grupoaval.com

Grupo Aval Acciones y Valores SA is a Colombian financial services company. Its local operations consist of commercial banking (Banco de Bogota, Banco de Occidente, Banco Popular, and Banco AV Villas), pension fund management (Porvenir), and merchant banking (Corficolombiana). Outside Colombia, the company offers (via BAC Credomatic operations) consumer and credit card banking businesses in Central American countries (Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua, and Panama) and Mexico. BAC Credomatic has key alliances with major credit card networks, such as Visa, MasterCard, American Express, and Diners Club.

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