Grupo Aval Acciones y Valores SA (BOG:GRUPOAVAL)
COP 458 -4 (-0.87%) Market Cap: 10.98 Til Enterprise Value: 73.12 Til PE Ratio: 56.38 PB Ratio: 0.66 GF Score: 30/100
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Q1 2019 Grupo Aval Acciones y Valores SA Earnings Call Transcript

May 21, 2019 / 02:00PM GMT
Release Date Price: COP1140
Operator

Welcome to the First Quarter 2019 Consolidated Results under IFRS Conference Call. My name is Hilda, and I will be your operator for today's call. Grupo Aval Acciones Y Valores S.A., Grupo Aval, is an issuer of securities in Colombia and in the United States registered with the Colombia's National Registry of Shares and Issuers, Registro Nacional de Valores y Emisores and The United States' Securities and Exchange Commission, SEC. As such, it is subject to compliance with securities regulation in Colombia and applicable U.S. securities regulation.

All of our banking subsidiaries, Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas, Porvenir and Corficolombiana, are subject to inspection and supervision as financial institutions by the Superintendency of Finance. Grupo Aval is now also subject in the inspection and supervision of the Superintendency of Finance as a result of Law 1870 of 2017, also known as the Law of Financial Conglomerates, which came in effect on February 6, 2019.

Grupo Aval, as the holding company of its financial conglomerate, is responsible for

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