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
  • XBRL Cloud Viewer: Click to open XBRL Cloud Viewer
  • EDGAR Dashboard: https://edgardashboard.xbrlcloud.com/edgar-dashboard/?cik=0001504764
  • Open this page in separate window: Click

    • ifrs-full:DisclosureOfLoansAndAdvancesToCustomersExplanatory

    NOTE 11 – LOANS
     
    Loans are recorded at amortized cost on the statement of financial position and are classified as commercial, consumer, mortgages, and microcredit. Due to the significance of the financial leasing portfolio for Grupo Aval, these amounts are also presented in all the tables in the note of credit risks for disclosure purposes:
     
    December 31, 2017
     
    Portfolio segment
     
    Balance in Statement of
    financial position
     
     
    Leasing presentation
    adjustment
     
     
    Balance according to
    disclosure
     
    Commercial
     
    Ps.
    99,428,894
     
     
    Ps.
    (9,892,400
    )
     
    Ps.
    89,536,494
     
    Consumer
     
     
    50,382,895
     
     
     
    (226,764
    )
     
     
    50,156,131
     
    Residential mortgage
     
     
    16,151,299
     
     
     
    (1,047,766
    )
     
     
    15,103,533
     
    Microcredit
     
     
    409,688
     
     
     
    -
     
     
     
    409,688
     
    Financial Leasing
     
     
    -
     
     
     
    11,166,930
     
     
     
    11,166,930
     
    Total portfolio
     
    Ps.
    166,372,776
     
     
    Ps.
    -
     
     
    Ps.
    166,372,776
     
     
    December 31, 2016
     
    Portfolio segment
     
    Balance in Statement of
    financial position
     
     
    Leasing presentation
    adjustment
     
     
    Balance according to
    disclosure
     
    Commercial
     
    Ps.
    93,149,211
     
     
    Ps.
    (9,958,095
    )
     
    Ps.
    83,191,116
     
    Consumer
     
     
    46,927,997
     
     
     
    (215,608
    )
     
     
    46,712,389
     
    Residential mortgage
     
     
    14,683,537
     
     
     
    (902,104
    )
     
     
    13,781,433
     
    Microcredit
     
     
    399,431
     
     
     
    -
     
     
     
    399,431
     
    Financial Leasing
     
     
    -
     
     
     
    11,075,807
     
     
     
    11,075,807
     
    Total portfolio
     
    Ps.
    155,160,176
     
     
    Ps.
    -
     
     
    Ps.
    155,160,176
     
     
    11.1.
    Credit Portfolio by Product
     
    The distribution of the credit portfolio of Grupo Aval by product is shown as follows:
     
     
     
    December 31, 2017
     
     
    December 31, 2016
     
    General purpose loans
     
    Ps.
    64,153,372
     
     
    Ps.
    60,561,432
     
    Personal loans
     
     
    30,553,566
     
     
     
    28,308,406
     
    Working capital loans
     
     
    14,723,490
     
     
     
    15,524,372
     
    Mortgages
     
     
    15,103,533
     
     
     
    13,781,433
     
    Credit Cards
     
     
    13,846,823
     
     
     
    12,781,182
     
    Commercial financial leases
     
     
    9,892,402
     
     
     
    9,958,096
     
    Consumer financial leases
     
     
    226,764
     
     
     
    215,608
     
    Automobile and vehicle loans
     
     
    5,896,640
     
     
     
    5,736,357
     
    Interbank &; Overnight Funds
     
     
    7,279,047
     
     
     
    3,569,587
     
    Loans funded by development banks
     
     
    2,713,818
     
     
     
    2,829,091
     
    Housing leases
     
     
    1,047,766
     
     
     
    902,104
     
    Overdrafts
     
     
    525,867
     
     
     
    593,077
     
    Microcredit
     
     
    409,688
     
     
     
    399,431
     
    Gross balance of Financial Assets of credit portfolio
     
     
    166,372,776
     
     
     
    155,160,176
     
    Allowance for impairment of financial assets from the loan portfolio
     
     
    (5,618,481
    )
     
     
    (4,261,444
    )
      Net balance of Financial Assets to credit portfolio
     
    Ps.
    160,754,295
     
     
    Ps.
    150,898,732
     
     
    11.2.
    Loan impairment provision
     
    The movement of the impairment provision of the financial assets of the credit portfolio during the years ended December 31, 2017, 2016 and 2015 is as follows
     
     
     
    Commercial
     
     
    Consumer
     
     
    Mortgage
     
     
    Microcredit
     
     
    Financial
    Leasing
     
     
    Total
     
    Balance as of December 31, 2014
     
    Ps. 
    1,448,771
     
     
    Ps.
    1,404,743
     
     
    Ps.
    70,709
     
     
    Ps.
    47,808
     
     
    Ps.
    185,772
     
     
    Ps.
    3,157,803
     
    Allowance of the period charged to profit or loss
     
     
    1,310,679
     
     
     
    2,182,141
     
     
     
    42,313
     
     
     
    37,506
     
     
     
    214,797
     
     
     
    3,787,436
     
    Recovery of provisions with partial payment to profit or loss
     
     
    (663,931
    )
     
     
    (916,030
    )
     
     
    (24,797
    )
     
     
    (14,505
    )
     
     
    (97,012
    )
     
     
    (1,716,275
    )
    Charge-offs of the year
     
     
    (198,727
    )
     
     
    (1,304,058
    )
     
     
    (14,160
    )
     
     
    (33,096
    )
     
     
    (86,405
    )
     
     
    (1,636,446
    )
    Exchange differences
     
     
    (217,563
    )
     
     
    312,351
     
     
     
    21,037
     
     
     
    11,493
     
     
     
    (1,512
    )
     
     
    125,806
     
    Balance as of December 31, 2015
     
    Ps.
    1,679,229
     
     
    Ps.
    1,679,147
     
     
    Ps.
    95,102
     
     
    Ps.
    49,206
     
     
    Ps.
    215,640
     
     
    Ps.
    3,718,324
     
    Allowance of the period charged to profit or loss
     
     
    1,522,077
     
     
     
    3,088,950
     
     
     
    75,059
     
     
     
    72,917
     
     
     
    225,498
     
     
     
    4,984,501
     
    Recovery of provisions with partial payment to profit or loss
     
     
    (857,465
    )
     
     
    (976,258
    )
     
     
    (37,863
    )
     
     
    (18,119
    )
     
     
    (162,033
    )
     
     
    (2,051,738
    )
    Charge-offs of the year
     
     
    (495,326
    )
     
     
    (1,759,896
    )
     
     
    (15,828
    )
     
     
    (28,703
    )
     
     
    (55,234
    )
     
     
    (2,354,987
    )
    Exchange differences
     
     
    (33,571
    )
     
     
    (9,118
    )
     
     
    7,630
     
     
     
    (12,164
    )
     
     
    12,567
     
     
     
    (34,656
    )
    Balance as of December 31, 2016
     
    Ps.
    1,814,944
     
     
    Ps.
    2,022,825
     
     
    Ps.
    124,100
     
     
    Ps.
    63,137
     
     
    Ps.
    236,438
     
     
    Ps.
    4,261,444
     
    Allowance of the period charged to profit or loss
     
     
    1,825,905
     
     
     
    3,403,092
     
     
     
    81,189
     
     
     
    64,627
     
     
     
    222,043
     
     
     
    5,596,856
     
    Recovery of provisions with partial payment to profit or loss
     
     
    (584,091
    )
     
     
    (780,874
    )
     
     
    (28,051
    )
     
     
    (29,237
    )
     
     
    (112,671
    )
     
     
    (1,534,924
    )
    Charge-offs of the year
     
     
    (400,653
    )
     
     
    (2,165,857
    )
     
     
    (45,918
    )
     
     
    (24,360
    )
     
     
    (46,754
    )
     
     
    (2,683,542
    )
    Sale of portfolio
     
     
    -
     
     
     
    (24,503
    )
     
     
    -
     
     
     
    -
     
     
     
    -
     
     
     
    (24,503
    )
    Exchange differences
     
     
    3,217
     
     
     
    2,108
     
     
     
    (438
    )
     
     
    -
     
     
     
    (1,737
    )
     
     
    3,150
     
    Balance as of December 31, 2017
     
    Ps.
    2,659,322
     
     
    Ps. 
    2,456,791
     
     
    Ps. 
    130,882
     
     
    Ps. 
    74,167
     
     
    Ps.
    297,319
     
     
    Ps. 
    5,618,481
     
     
    11.3.
    Credit Portfolio Assessed Collectively and Individually
     
    The detailed information of credit risk impairment provisions accrued as of December 31, 2017 and 2016, taking into account how they were determined individually for loans above of Ps. 2,000 and collectively for other credits. Loans individually assessed for impairment lower than Ps. 2,000 are considered in the allowances for each type of credit.
     
    December 31, 2017
     
    Impairment provision:
     
    Commercial
     
     
    Consumer
     
     
    Mortgage
     
     
    Microcredit
     
     
    Financial
    Leasing
     
     
    Total
     
    Loans assessed individually
     
    Ps.
    1,363,315
     
     
    Ps.
    70
     
     
    Ps.
    781
     
     
    Ps.
    -
     
     
    Ps.
    126,867
     
     
    Ps.
    1,491,033
     
    Loans assessed collectively
     
     
    1,296,007
     
     
     
    2,456,721
     
     
     
    130,101
     
     
     
    74,167
     
     
     
    170,452
     
     
     
    4,127,448
     
    Total impairment provision
     
    Ps.
    2,659,322
     
     
    Ps.
    2,456,791
     
     
    Ps.
    130,882
     
     
    Ps.
    74,167
     
     
    Ps.
    297,319
     
     
    Ps.
    5,618,481
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Gross balance of financial assets for credit portfolio:
     
    Commercial
     
     
    Consumer
     
     
    Mortgage
     
     
    Microcredit
     
     
    Financial
    Leasing
     
     
    Total
     
    Loans assessed individually (1)
     
    Ps.
    49,846,935
     
     
    Ps.
    51,768
     
     
    Ps.
    14,934
     
     
    Ps.
    -
     
     
    Ps.
    5,444,122
     
     
    Ps.
    55,357,759
     
    Loans assessed collectively
     
     
    39,689,559
     
     
     
    50,104,363
     
     
     
    15,088,599
     
     
     
    409,688
     
     
     
    5,722,808
     
     
     
    111,015,017
     
    Total gross investment value of portfolio
     
    Ps.
    89,536,494
     
     
    Ps.
    50,156,131
     
     
    Ps.
    15,103,533
     
     
    Ps.
    409,688
     
     
    Ps.
    11,166,930
     
     
    Ps.
    166,372,776
     
     
    December 31, 2016
     
    Impairment provision:
     
    Commercial
     
     
    Consumer
     
     
    Mortgage
     
     
    Microcredit
     
     
    Financial
    Leasing
     
     
    Total
     
    Loans assessed individually
     
    Ps.
    724,522
     
     
    Ps.
    47
     
     
    Ps.
    827
     
     
    Ps.
    -
     
     
    Ps.
    74,098
     
     
    Ps.
    799,494
     
    Loans assessed collectively
     
     
    1,090,422
     
     
     
    2,022,778
     
     
     
    123,273
     
     
     
    63,137
     
     
     
    162,340
     
     
     
    3,461,950
     
    Total impairment provision
     
    Ps.
    1,814,944
     
     
    Ps.
    2,022,825
     
     
    Ps.
    124,100
     
     
    Ps.
    63,137
     
     
    Ps.
    236,438
     
     
    Ps.
    4,261,444
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    Gross balance of financial assets for credit portfolio:
     
    Commercial
     
     
    Consumer
     
     
    Mortgage
     
     
    Microcredit
     
     
    Financial
    Leasing
     
     
    Total
     
    Loans assessed individually (1)
     
    Ps.
    48,565,393
     
     
    Ps.
    92,410
     
     
    Ps.
    8,506
     
     
    Ps.
    -
     
     
    Ps.
    5,113,843
     
     
    Ps.
    53,780,152
     
    Loans assessed collectively
     
     
    34,625,723
     
     
     
    46,619,979
     
     
     
    13,772,927
     
     
     
    399,431
     
     
     
    5,961,964
     
     
     
    101,380,024
     
    Total gross investment value of portfolio
     
    Ps.
    83,191,116
     
     
    Ps.
    46,712,389
     
     
    Ps.
    13,781,433
     
     
    Ps.
    399,431
     
     
    Ps.
    11,075,807
     
     
    Ps.
    155,160,176
     
     
    (1)
    Loans individually evaluated for impairment that are not considered impaired, additionally are evaluated collectively for impairment according to historical losses experience adjusted to reflect current economic conditions.
     
    11.4
    Portfolio of impaired loans assessed individually for impairment
     
    The detailed information as of December 31, 2017 and 2016 is as follows
     
    December 31, 2017
     
     
     
    Gross Amount
    Registered
     
     
    Collateral
    Guarantees
     
     
    Allowance
    Recognized
     
     
     
     
     
     
     
     
     
     
     
    Without recognized provision
     
     
     
     
     
     
     
     
     
     
     
     
    Commercial
     
    Ps.
    180,527
     
     
    Ps.
    242,366
     
     
    Ps.
    -
     
    Financial Leasing
     
     
    186,725
     
     
     
    564,540
     
     
     
    -
     
    Subtotal
     
    Ps.
    367,252
     
     
    Ps.
    806,906
     
     
    Ps.
    -
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    With recognized provision
     
     
     
     
     
     
     
     
     
     
     
     
    Commercial
     
    Ps.
    3,972,638
     
     
    Ps.
    228,667
     
     
    Ps.
    1,363,315
     
    Consumer
     
     
    233
     
     
     
    -
     
     
     
    70
     
    Residential Mortgage
     
     
    1,907
     
     
     
    -
     
     
     
    781
     
    Financial Leasing
     
     
    599,747
     
     
     
    161,309
     
     
     
    126,867
     
    Subtotal
     
    Ps.
    4,574,525
     
     
    Ps.
    389,976
     
     
    Ps.
    1,491,033
     
    Totals
     
     
     
     
     
     
     
     
     
     
     
     
    Commercial
     
     
    4,153,165
     
     
     
    471,033
     
     
     
    1,363,315
     
    Consumer
     
     
    233
     
     
     
    -
     
     
     
    70
     
    Residential Mortgage
     
     
    1,907
     
     
     
    -
     
     
     
    781
     
    Financial Leasing
     
     
    786,472
     
     
     
    725,849
     
     
     
    126,867
     
    Total
     
    Ps.
    4,941,777
     
     
    Ps.
    1,196,882
     
     
    Ps.
    1,491,033
     
     
     
    December 31, 2016
     
     
    Gross Amount
    Registered
     
     
    Collateral
    Guarantees
     
     
    Allowance
    Recognized
     
     
     
     
     
     
     
     
     
     
     
    Without recognized provision
     
     
     
     
     
     
     
     
     
     
     
     
    Commercial
     
    Ps.
    262,831
     
     
    Ps.
    208,604
     
     
    Ps.
    -
     
    Financial Leasing
     
     
    138,513
     
     
     
    484,339
     
     
     
    -
     
    Subtotal
     
    Ps.
    401,344
     
     
    Ps.
    692,943
     
     
    Ps.
    -
     
     
     
     
     
     
     
     
     
     
     
     
     
     
    With recognized provision
     
     
     
     
     
     
     
     
     
     
     
     
    Commercial
     
    Ps.
    3,156,154
     
     
    Ps.
    221,203
     
     
    Ps.
    724,522
     
    Consumer
     
     
    141
     
     
     
    -
     
     
     
    47
     
    Residential Mortgage
     
     
    1,907
     
     
     
    -
     
     
     
    827
     
    Financial Leasing
     
     
    327,755
     
     
     
    165,221
     
     
     
    74,098
     
    Subtotal
     
    Ps.
    3,485,957
     
     
    Ps.
    386,424
     
     
    Ps.
    799,494
     
    Totals
     
     
     
     
     
     
     
     
     
     
     
     
    Commercial
     
     
    3,418,985
     
     
     
    429,807
     
     
     
    724,522
     
    Consumer
     
     
    141
     
     
     
    -
     
     
     
    47
     
    Residential Mortgage
     
     
    1,907
     
     
     
    -
     
     
     
    827
     
    Financial Leasing
     
     
    466,268
     
     
     
    649,560
     
     
     
    74,098
     
    Total
     
    Ps.
    3,887,301
     
     
    Ps.
    1,079,367
     
     
    Ps.
    799,494
     
     
    The difference between the value of the loan and the guarantees disclosed on the table above correspond to unsecured loans valued with the discounted cash flow method. When using this method it is implied that it is possible for the customer to make future payments.
     
    11.5.
    Loan portfolio by maturity
     
    The distribution of loan portfolio of Grupo Aval by maturity period is as follows:
     
    December 31, 2017
     
     
     
    Up to 1
    year
     
     
    From 1 to 3
    years
     
     
    From 3 to
    5 years
     
     
    More than
     5 years
     
     
    Total
     
    Commercial
     
    Ps.
    44,888,149
     
     
    Ps.
    19,651,034
     
     
    Ps.
    11,088,553
     
     
    Ps.
    13,908,758
     
     
    Ps.
    89,536,494
     
    Consumer
     
     
    16,240,350
     
     
     
    11,146,916
     
     
     
    8,809,557
     
     
     
    13,959,308
     
     
     
    50,156,131
     
    Residential Mortgage
     
     
    469,702
     
     
     
    785,736
     
     
     
    857,039
     
     
     
    12,991,056
     
     
     
    15,103,533
     
    Microcredit
     
     
    209,364
     
     
     
    178,052
     
     
     
    17,707
     
     
     
    4,565
     
     
     
    409,688
     
    Financial Leasing
     
     
    2,159,750
     
     
     
    2,889,713
     
     
     
    2,496,769
     
     
     
    3,620,698
     
     
     
    11,166,930
     
    Total gross credit portfolio
     
    Ps.
    63,967,315
     
     
    Ps.
    34,651,451
     
     
    Ps.
    23,269,625
     
     
    Ps.
    44,484,385
     
     
    Ps.
    166,372,776
     
     
    December 31, 2016
     
     
     
    Up to 1
    year
     
     
    From 1 to 3
    years
     
     
    From 3 to
    5 years
     
     
    More than
    5 years
     
     
    Total
     
    Commercial
     
    Ps.
    36,982,196
     
     
    Ps.
    19,083,900
     
     
    Ps.
    10,957,767
     
     
    Ps.
    16,167,253
     
     
    Ps.
    83,191,116
     
    Consumer
     
     
    15,207,864
     
     
     
    10,928,357
     
     
     
    8,188,856
     
     
     
    12,387,312
     
     
     
    46,712,389
     
    Residential Mortgage
     
     
    396,964
     
     
     
    706,364
     
     
     
    732,454
     
     
     
    11,945,651
     
     
     
    13,781,433
     
    Microcredit
     
     
    166,719
     
     
     
    208,759
     
     
     
    19,610
     
     
     
    4,343
     
     
     
    399,431
     
    Financial Leasing
     
     
    2,571,103
     
     
     
    2,775,490
     
     
     
    2,192,804
     
     
     
    3,536,410
     
     
     
    11,075,807
     
    Total gross credit portfolio
     
    Ps.
    55,324,846
     
     
    Ps.
    33,702,870
     
     
    Ps.
    22,091,491
     
     
    Ps.
    44,040,969
     
     
    Ps.
    155,160,176
     
     
    11.6.
    Loan portfolio by currency
     
    The classification of loan portfolio by type of currency is as follows:
     
    December 31, 2017
     
     
    Colombian Pesos
     
     
    Foreign Currency
     
     
    Total
     
    Commercial
     
    Ps.
    56,516,054
     
     
    Ps.
    33,020,440
     
     
    Ps.
    89,536,494
     
    Consumer
     
     
    32,822,355
     
     
     
    17,333,776
     
     
     
    50,156,131
     
    Residential Mortgage
     
     
    5,674,639
     
     
     
    9,428,894
     
     
     
    15,103,533
     
    Microcredit
     
     
    409,688
     
     
     
    -
     
     
     
    409,688
     
    Financial Leasing
     
     
    9,132,401
     
     
     
    2,034,529
     
     
     
    11,166,930
     
    Total gross credit portfolio
     
    Ps.
    104,555,137
     
     
    Ps.
    61,817,639
     
     
    Ps.
    166,372,776
     
     
    December 31, 2016
     
     
    Colombian Pesos
     
     
    Foreign Currency
     
     
    Total
     
    Commercial
     
    Ps.
    54,026,331
     
     
    Ps.
    29,164,785
     
     
    Ps.
    83,191,116
     
    Consumer
     
     
    30,452,658
     
     
     
    16,259,731
     
     
     
    46,712,389
     
    Residential Mortgage
     
     
    4,822,806
     
     
     
    8,958,627
     
     
     
    13,781,433
     
    Microcredit
     
     
    399,431
     
     
     
    -
     
     
     
    399,431
     
    Financial Leasing
     
     
    8,953,491
     
     
     
    2,122,316
     
     
     
    11,075,807
     
    Total gross credit portfolio
     
    Ps.
    98,654,717
     
     
    Ps.
    56,505,459
     
     
    Ps.
    155,160,176
     
     
    11.7.
    Financial Leasing portfolio
     
    As of December 31, 2017 and 2016 the following table shows the reconciliation between gross investment in financial leasing and the present value of minimum payments to be received in these dates:
     
     
     
    December
    31, 2017
     
     
    December
    31, 2016
     
    Total gross rent payments receivable
     
    Ps.
    16,445,998
     
     
    Ps.
    17,071,858
     
    Less amounts representing running costs (such as taxes, maintenance, insurances ,etc.,)
     
     
    (225
    )
     
     
    (2,527
    )
    Plus Estimated residual amount of assets given for rental (without guarantee)
     
     
    21,673
     
     
     
    21,162
     
    Gross investment in contracts of financial leasing
     
     
    16,467,446
     
     
     
    17,090,493
     
    Less unrealized financial income
     
     
    (5,300,516
    )
     
     
    (6,014,686
    )
    Net investment in contracts of financial leasing
     
     
    11,166,930
     
     
     
    11,075,807
     
    Impairment of net investment in financial leasing
     
    Ps.
    (297,319
    )
     
    Ps.
    (236,438
    )
     
    The detailed information of gross investment and net investment in financial leasing contracts receivable as of December 31, 2017 and 2016 in each period is as follows:
     
     
     
    December 31, 2017
     
     
     
    Gross investment
     
     
    Net investment
     
    Up to 1 year
     
    Ps.
    2,147,421
     
     
    Ps.
    1,614,889
     
    From 1 to 5 years
     
     
    6,428,242
     
     
     
    4,986,723
     
    More than 5 years
     
     
    7,891,783
     
     
     
    4,565,318
     
    Total
     
    Ps.
    16,467,446
     
     
    Ps.
    11,166,930
     
     
     
     
    December 31, 2016
     
     
     
    Gross investment
     
     
    Net investment
     
    Up to 1 year
     
    Ps.
    2,711,147
     
     
    Ps.
    2,128,441
     
    From 1 to 5 years
     
     
    6,375,267
     
     
     
    4,798,364
     
    More than 5 years
     
     
    8,004,079
     
     
     
    4,149,002
     
    Total
     
    Ps.
    17,090,493
     
     
    Ps.
    11,075,807
     
     
    The banks of Grupo Aval grant loans through the modality of financial leasing mainly for the financing of vehicles and computer equipment, generally with terms between 36 and 60 months with an purchase option, machinery and equipment with terms of 60 to 120 months with a purchase option at the end of the contract and for housing leasing with terms of 120 to 240 months transferring the asset at the end of the contract. All these leasing contracts are granted at current market interest rates at inception.