Grupo Aval is a Colombian holding company engaged in a wide variety of financial activities, including banking, telecommunications and real estate; in Colombia and Central America. Grupo Aval is controlled by Luis Carlos Sarmiento, who indirectly owns around 80 percent of its shares.
Grupo Aval Acciones y Valores SA engages in the provision of banking and investment business. It operates through the following segments: Banco de Bogota, Banco de Occidente, Banco Popular and Banco Comercial AV Villas. The Banco de Bogota segment refers to full-service bank with nationwide coverage and a portfolio of servics and products. TheBanco de Occidente segment refers to full-service bank with presence througout the soutwest region of Colombia. The Banco Popular segment proceses payroll loans, and provides financial solutions to government entities through the country. The Banco Comercial AV Villas segment focuses on consumer and mortgage businesses serving its client through a nationwide service-point network and a mobile banking platform. The company was founded by Luis Carlos Sarmiento Angulo on January 7, 1994 and is headquartered in Bogotá, Colombia.