Grupo Aval

Few banking players in Latin America match the executional depth of Grupo Aval. From Bogota, the group manages a workforce of approximately 81k and generates close to $11B in revenue, while steadily widening the gap with regional peers.

Management's emphasis on operational discipline, tight working capital, focused capex, clearer ESG roadmaps, is increasingly visible in margin trajectory.

“Grupo Aval is, in its category, exactly the kind of compounding regional champion the next decade of capital allocation will reward.”

Governance upgrades and a more transparent disclosure cadence are gradually narrowing the historical valuation gap with global peers.