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       Financial Results

    Grupo Aval S.A is pleased to present:

    • Unconsolidated reports of its subordinated Banks (Banco de Bogota, Banco Popular, Banco de Occidente and Banco AV Villas) and the combined results of Grupo Aval´s Colombian operations reported: until 2014 under GAAP applicable for Colombian Banks in Colombia, since 2015 under IFRS as adopted by the Superintendency of Finance.

    • Quarterly and Annual consolidated reports and corporate presentations of Grupo Aval (reported under Colombian Banking GAAP and/or IFRS, as applicable).

    • Forms 20-F filed with the “Securities and Exchange Commission” SEC (until 2014 reported under Colombian Banking GAAP, since 2015 reported under IFRS as issued by IASB).

    • Bi-annual unconsolidated and consolidated financial reports of Grupo Aval as approved by the General Assembly.

    • Quarterly unconsolidated financial reports of Grupo Aval until 2014 reported under Colombian Banking GAAP, since 2015 reported under IFRS as adopted by the Superintendency of Finance.

    For further information please contact the Investor Relations department of Grupo Aval.

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