Maria Barriga's questions to Grupo Aval Acciones Y Valores (AVAL) leadership • Q3 2016
Question
Maria Barriga from Davivienda Corredores inquired about the potential impact of the proposed financial conglomerates law on the company's operations and asked about the cost of risk guidance, specifically considering the exposure to Electricaribe.
Answer
CFO Diego Solano stated that the exposure to Electricaribe is comparable to other Colombian banks and its impact on the full-year cost of risk is not highly relevant. Regarding the conglomerates law, he explained that Grupo Aval has already been voluntarily complying with most of its key provisions (e.g., risk consolidation, disclosures) due to its SEC registration and international presence, so the law's impact would be minimal for them.