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.
In addition to its interests in numerous industrial sectors, Grupo Aval controls some of Colombia and Central America's top financial organizations, including:[3] Grupo Aval's internal staff consists of approximately 100 employees, dedicated to analyzing and identifying the most efficient financial and operating practices as well as recommending the implantation of these practices within organizations that the Group controls.
To obtain these objectives, Grupo Aval is divided into three business divisions that include: (1) Investments and Strategic Planning, (2) Risk Management, (3) Corporative Services and (3) Technological Information.
This innovation allowed clients to either conduct financial transactions on the Internet or in real-time at anyone of the banks branch offices or automated teller machines.
In 2000, plans to list Grupo Aval on the New York Stock Exchange were postponed due to Wall Street's unfavorable climate for emerging market funds at the time.