AVAL
- Grupo Aval Acciones y Valores S.A.
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Overview
Company Summary
Grupo Aval Acciones y Valores S.A. (AVAL) is a Colombian financial services holding company that operates through its subsidiaries in the banking, pension fund management, insurance, and investment sectors. AVAL was founded in 1994 and is headquartered in Bogot�, Colombia.
First and foremost, AVAL is primarily engaged in banking activities through its four main subsidiaries: Banco de Bogot�, Banco de Occidente, Banco Popular, and Banco AV Villas. These banks offer a wide range of financial products and services to individuals, small businesses, and corporations, including loans, deposits, credit cards, mortgages, and treasury services.
In addition to traditional banking services, Grupo Aval also provides pensions and social security-related products through its pension fund management subsidiary, AFP Porvenir. It offers various retirement plans, social security contributions, and personalized financial advice to help individuals plan and secure their future financially.
AVAL has also expanded its operations into the insurance sector through its subsidiary, Seguros de Vida Suramericana S.A. This subsidiary offers life insurance, health insurance, and other related services to individuals and businesses, providing protection against unexpected events and financial losses.
Furthermore, AVAL engages in investment banking activities through its subsidiary, Corficolombiana. This division provides services such as mergers and acquisitions advisory, underwriting securities issuances, managing investment portfolios, and offering corporate finance solutions to government entities and private corporations.
Overall, Grupo Aval Acciones y Valores S.A. operates as a diversified financial services company, offering banking, pension fund management, insurance, and investment banking solutions to its customers in Colombia. The company's subsidiaries collaborate to provide comprehensive financial services tailored to the needs of individuals, businesses, and institutions, contributing to the growth and development of the Colombian economy.