Grupo Aval Acciones Y Valores S.A. reported unaudited unconsolidated earnings results for the month and year to date of December 2014. For the month, the company reported consolidated total interest income of COP 1,496,814 million compared to COP 748,627 million in the previous month. Net interest income was COP 1,228,160 million compared to COP 480,555 million in the previous month. Total operating income was COP 1,431,622 million compared to COP 490,834 million in the previous month. Net operating income was COP 1,033,137 million compared to COP 156,511 million in the previous month. Income before income tax expense was COP 1,050,776 million compared to COP 166,929 million in the previous month. Net income was COP 984,330 million compared to COP 114,995 million in the previous month.

For the year to date, the company reported consolidated total interest income of COP 9,397,056 million compared to COP 8,247,134 million a year ago. Net interest income was COP 6,444,069 million compared to COP 5,566,911 million a year ago. Total operating income was COP 8,038,652 million compared to COP 7,005,690 million a year ago. Net operating income was COP 3,956,518 million compared to COP 3,171,482 million a year ago. Income before income tax expense was COP 4,145,118 million compared to COP 3,353,122 million a year ago. Net income was COP 3,281,348 million compared to COP 2,458,981 million a year ago.