| | December 31, 2017 | | | December 31, 2016 | | ||||||||||
Subsidiary | | Economic interest held by Grupo Aval | | | Book Value | | | Economic interest held by Grupo Aval | | | Book Value | | ||||
| | | | | | | | | | | | | ||||
Banco de Bogotá S.A. | | | 68.74 | % | | Ps. | 11,000,669 | | | | 68.74 | % | | Ps. | 10,331,548 | |
Banco de Occidente S.A. | | | 72.27 | % | | | 3,174,228 | | | | 72.27 | % | | | 3,089,717 | |
Banco Comercial AV Villas S.A. | | | 79.87 | % | | | 1,190,740 | | | | 79.87 | % | | | 1,139,881 | |
Banco Popular S.A. | | | 93.74 | % | | | 2,710,218 | | | | 93.74 | % | | | 2,624,196 | |
Corporación Financiera Colombiana S.A. | | | 44.79 | % | | | 504,962 | | | | 44.49 | % | | | 472,466 | |
Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir S.A. | | | 75.69 | % | | | 401,341 | | | | 75.69 | % | | | 341,112 | |
Grupo Aval Limited | | | 100.00 | % | | | (315,227 | ) | | | 100.00 | % | | | (316,553 | ) |
Grupo Aval International Limited | | | 100.00 | % | | | (77,308 | ) | | | 100.00 | % | | | (152,474 | ) |
| | | | | | Ps. | 18,589,623 | | | | | | | Ps. | 17,529,893 | |