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Grupo Aval Acciones y Valores SA Sponsored ADR Pfd Stock News
Grupo Aval Acciones y Valores SA (NYSE:AVAL ) Q3 2024 Earnings Conference Call November 14, 2024 9:00 AM ET Company Participants Maria Gutierrez Botero - CEO Paula Duran - Corporate VP of Sustainability and Strategic Projects Camilo Perez - Banco de Bogota's Chief Economist Diego Solano - CFO Conference Call Participants Brian Flores - Citi Daniel Mora - Credicorp Capital Marlon Medina - J.P. M...
Colombian financial conglomerate Grupo Aval reported on Wednesday a more than six-fold increase in its third-quarter net profit, climbing to 415.7 billion Colombian pesos ($94.18 million).
Grupo Aval is poised for recovery due to Colombia's improving macroeconomic conditions, interest rate cuts, and a declining inflation rate. The Colombian economy shows signs of recovery with GDP growth, increased domestic demand, and investment, which should benefit Grupo Aval's profitability. Grupo Aval's net interest margin is expected to expand as rate cuts reduce funding costs, with managem...
Grupo Aval Acciones y Valores SA (AVAL) Q2 2024 Earnings Call Transcript
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