Aníbal Valdés's questions to Grupo Aval Acciones Y Valores (AVAL) leadership • Q3 2016
Question
Aníbal Valdés of Barclays noted weaker growth in fees and commissions at Banco de Bogota compared to peers and asked about the potential for improvement. He also requested commentary on the competitive landscape in Colombia and its expected evolution.
Answer
CFO Diego Solano acknowledged the significant potential to increase fee income and detailed ongoing initiatives, including bancassurance, retail product fees, and syndication fees. He noted that fee growth is already outpacing loan growth. Regarding competition, he described the Colombian market as very competitive and stable, with digital banking being the key competitive front for the next decade.