Grupo Aval 2Q16 Earnings Results IFRS

Grupo Aval reported 2Q2016 consolidated earnings results under IFRS, showing attributable net income of 601.1 billion pesos (27 pesos per share), a 6% increase versus 2Q2015. The financial holding company's net loan portfolio grew 13.3% year-over-year and 1.6% in the quarter, while deposits increased 11.8% annually with net margin on loans at 6.5%.