Grupo Aval Acciones Y Valores S.A. | CIK:0001504764 | 3

  • Filed: 4/27/2018
  • Entity registrant name: Grupo Aval Acciones Y Valores S.A. (CIK: 0001504764)
  • Generator: DataTracks
  • SEC filing page: http://www.sec.gov/Archives/edgar/data/1504764/000114420418022931/0001144204-18-022931-index.htm
  • XBRL Instance: http://www.sec.gov/Archives/edgar/data/1504764/000114420418022931/aval-20171231.xml
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    • ifrs-full:DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory

    The following table presents details of Banco de Bogotá’s most significant subsidiaries which are indirectly consolidated by Grupo Aval as of December 31, 2017:
     
    Subsidiary
     
    Core business
     
    Location
     
    Total voting
    rights held by
    Grupo Aval
     
     
    Total economic
    interest held
    by Grupo Aval
     
    Main Local Direct Subsidiaries
     
     
     
     
     
     
     
     
     
     
    Fiduciaria Bogotá S.A
     
    Management of trust funds.
     
    Bogotá, Colombia
     
     
    94.99
    %
     
     
    65.29
    %
    Porvenir S.A. and its subsidiary
     
    Management of pension and severance funds.
     
    Bogotá, Colombia
     
     
    100
    %
     
     
    75.69
    %
    Almaviva S.A and its subsidiaries
     
    Logistics services.
     
    Bogotá, Colombia
     
     
    95.81
    %
     
     
    65.85
    %
    Main International Direct Subsidiaries
     
     
     
     
     
     
     
     
     
     
    Leasing Bogotá Panama S.A.
     
    Holding company.(1)
     
    Panamá, Republic of Panamá
     
     
    100
    %
     
     
    68.74
    %
     
     
     
     
     
     
     
     
     
     
     
     
     
    Banco de Bogotá Panamá S.A.
     
    Commercial banking services.
     
    Panamá, Republic of Panamá
     
     
    100
    %
     
     
    68.74
    %
    Main Indirect Subsidiaries
     
     
     
     
     
     
     
     
     
     
    BAC Credomatic Inc.
     
    Holding company in charge of managing the banking and related subsidiaries in Costa Rica, El Salvador, Guatemala, Honduras, Nicaragua and Panamá, among others. (Subsidiary of  Leasing Bogotá Panamá S.A.).
     
    Panamá, Republic of Panamá
     
     
    100
    %
     
     
    68.74
    %
     
    (1)
    Leasing Bogotá Panamá, has no restrictions for transferring dividends to Colombia.
     
    The following table presents the details of Banco de Occidente’s most significant subsidiaries, which are indirectly consolidated by Grupo Aval, as of December 31, 2017:
     
    Subsidiary
     
    Core business
     
    Location
     
    Total voting
    rights held by
    Grupo Aval
     
     
    Total  economic
    interest held by
    Grupo Aval
     
    Fiduciaria de Occidente S.A.
     
    Management of trust funds.
     
    Bogotá,  Colombia
     
     
    99.99
    %
     
     
    71.05
    %
    Banco de Occidente (Panamá). S.A.
     
    Commercial banking services.
     
    Panamá, Republic of Panamá
     
     
    95.00
    %
     
     
    68.66
    %
    Occidental Bank Barbados Ltd.
     
    Commercial banking services.
     
    Barbados
     
     
    100
    %
     
     
    72.27
    %
     
    The following table presents the details of Banco Popular’s most significant subsidiaries which are indirectly consolidated by Grupo Aval, as of December 31, 2017:
     
    Subsidiary
     
    Core business
     
    Location
     
    Total voting
    rights held by
    Grupo Aval
     
     
    Total economic
    interest held by
    Grupo Aval
     
    Fiduciaria Popular S.A.
     
    Management of trust funds.
     
    Bogotá, Colombia
     
     
    94.85
    %
     
     
    88.91
    %
    Alpopular S.A.
     
    Conservation and custody of documents; transportation of products at national and international levels.
     
    Bogotá, Colombia
     
     
    71.10
    %
     
     
    66.65
    %
     
    The following table presents the details of Banco AV Villas’ most significant subsidiary which is indirectly consolidated by Grupo Aval, as of December 31, 2017:
     
    Subsidiary
     
    Core business
     
    Location
     
    Total voting
    rights held by
    Grupo Aval
     
     
    Total economic
    interest held by
    Grupo Aval
     
    A Toda Hora S.A. ATH
     
    ATM network services and maintenance and software development
     
    Bogotá, Colombia
     
     
    100
    %
     
     
    78.90
    %
     
    The following table presents the details of Corficolombiana´s most significant subsidiaries which are indirectly consolidated by Grupo Aval, at December 31, 2017:
     
    Main Indirect Subsidiaries
     
    Subsidiary
     
    Core business
     
    Location
     
    Total voting
    rights held by
    Grupo Aval
     
     
    Total  economic
    interest held by
    Grupo Aval
     
    Fiduciaria Corficolombiana S.A.
     
    Trust services
     
    Bogotá, Colombia
     
     
    100
    %
     
     
    44.79
    %
    Leasing Corficolombiana S.A.
     
    Financial services
     
    Bogotá, Colombia
     
     
    100
    %
     
     
    44.79
    %
    Banco Corficolombiana Panamá S.A.
     
    Commercial banking services.
     
    Panamá, Republic of Panamá
     
     
    100
    %
     
     
    44.79
    %
    Casa de Bolsa S.A.
     
    Securities brokerage and securities funds management.
     
    Bogotá, Colombia
     
     
    97.30
    %
     
     
    63.84
    %
    Hoteles Estelar S. A. and its subsidiaries
     
    Construction and operation of hotels, directly owned  by third parties, in Colombia and abroad.
     
    Bogotá, Colombia
     
     
    84.96
    %
     
     
    38.05
    %
    Estudios y Proyectos del Sol S.A.S. and its subsidiaries
     
    Infrastructure projects.
     
    Bogotá, Colombia
     
     
    100
    %
     
     
    44.79
    %
    Pizano S.A. and its subsidiaries
     
    Timber production and transformation, industrial products manufacturing, construction supplies production.
     
    Bogotá, Colombia
     
     
    59.38
    %
     
     
    31.27
    %
    Organización Pajonales S. A. and its subsidiaries
     
    Investment and promotion of agricultural, livestock, forestry and agro industrial companies.
     
    Bogotá, Colombia
     
     
    98.67
    %
     
     
    44.19
    %
    Promigas S.A. E.S.P. and its subsidiaries
     
    Transportation and distribution of natural gas.
     
    Barranquilla, Colombia
     
     
    50.23
    %
     
     
    22.50
    %
    Estudios, Proyectos e Inversiones de los Andes S.A. and its subsidiaries
     
    Infrastructure projects.
     
    Bogotá, Colombia
     
     
    99.93
    %
     
     
    44.76
    %
    Plantaciones Unipalma de los Llanos S.A
     
    Development, production and sale of african palm products.
     
    Bogotá, Colombia
     
     
    54.53
    %
     
     
    24.42
    %
    Colombiana de Licitaciones y Concesiones S.A.S
     
    Infrastructure projects.
     
    Bogotá, Colombia
     
     
    100
    %
     
     
    44.79
    %
    Proyectos de Infraestructura S.A. – PISA and its subsidiaries
     
    Road and Infrastructure Concessions.
     
    Cali, Colombia
     
     
    88.25
    %
     
     
    39.53
    %