Grupo Aval(US:AVAL)2019-11-19 16:19Financial Performance - Grupo Aval's gross loans increased by 108% year-over-year from $1618 billion in 3Q18 to $1793 billion in 3Q19, and by 50% compared to the previous quarter[12] - The net interest margin decreased slightly from 58% in 3Q18 to 57% in 3Q19[12] - Attributable net income decreased by 50% year-over-year from $078 billion in 3Q18 to $074 billion in 3Q19[12] - Return on Average Equity (ROAE) decreased from 191% in 3Q18 to 158% in 3Q19[12] - Accumulated attributable net income for the nine months ended September 2019 increased 125% versus the same period in 2018[13] Loan Portfolio Quality - The 90-day past due loans (PDLs) to total loans ratio increased slightly from 32% in 3Q18 and 2Q19 to 33% in 3Q19[12] - The cost of risk increased from 23% in 3Q18 to 25% in 3Q19[12] - Allowances/90+ PDL's at 153%[13] Regional Performance - In Colombia, gross loans increased by 65% year-over-year and 26% compared to the previous quarter, reaching $1221 trillion in 3Q19[16] - In Central America, gross loans increased significantly by 211% year-over-year and 108% compared to the previous quarter, reaching $571 trillion in 3Q19[17] - Central America's attributable net income increased by 138% year-over-year and 68% compared to the previous quarter, reaching $023 billion in 3Q19[18] Funding and Capital - Total deposits increased by 136% year-over-year and 48% compared to the previous quarter[53] - The tangible equity ratio increased from 86% in 3Q18 to 89% in 3Q19[12]