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LOANS | 12 Months Ended
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Dec. 31, 2023
Disclosure of loans and receivables [abstract] |
LOANS | NOTE 11 – LOANS 11.1 Loan Portfolio by Product The distribution of the loan portfolio of Grupo Aval by product is shown as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022
General purpose loans |  | Ps. | 73,738,900 |  | Ps. | 74,621,729
Payroll loans | ​ | ​ | 32,619,563 | ​ | ​ | 33,306,684
Working capital loans | ​ | ​ | 16,413,196 | ​ | ​ | 14,631,609
Mortgages | ​ | ​ | 16,294,206 | ​ | ​ | 15,488,044
Personal loans | ​ | ​ | 14,232,850 | ​ | ​ | 13,425,625
Credit Cards | ​ | ​ | 7,937,759 | ​ | ​ | 7,341,533
Automobile and vehicle loans | ​ | ​ | 5,332,355 | ​ | ​ | 5,421,073
Loans funded by development banks | ​ | ​ | 4,464,785 | ​ | ​ | 4,053,300
Commercial financial leases | ​ | ​ | 11,706,825 | ​ | ​ | 10,861,995
Housing leases | ​ | ​ | 2,192,000 | ​ | ​ | 2,395,311
Consumer financial leases | ​ | ​ | 15,509 | ​ | ​ | 18,491
Overdrafts | ​ | ​ | 585,686 | ​ | ​ | 512,504
Interbank & overnight funds | ​ | ​ | 392,607 | ​ | ​ | 5,967,743
Microcredit | ​ | ​ | 277,529 | ​ | ​ | 267,720
Gross balance of loan portfolio | ​ | Ps. | 186,203,770 | ​ | Ps. | 188,313,361
Loss allowance loan portfolio (1) | ​ | ​ | (10,035,715) | ​ | ​ | (9,197,514)
Net balance of loan portfolio |  | Ps. | 176,168,055 |  | Ps. | 179,115,847
(1) See loss allowance reconciliations from the opening to the closing balance in note 4.1.5. ​ ​ 11.2 Loan portfolio by maturity The distribution of Grupo Aval´s loan portfolio by contractual maturity period is as follows: December 31, 2023 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Up to 1 | ​ | From 1 to | ​ | From 3 to | ​ | More than | ​ | ​ | ​
​ |  | year |  | 3 years |  | 5 years |  | 5 years |  | Total
Commercial – Client portfolio |  | Ps. | 57,018,945 |  | Ps. | 27,895,921 |  | Ps. | 12,044,149 |  | Ps. | 10,088,802 |  | Ps. | 107,047,817
Consumer | ​ | ​ | 10,679,728 | ​ | ​ | 13,325,877 | ​ | ​ | 11,496,786 | ​ | ​ | 24,497,220 | ​ | ​ | 59,999,611
Mortgage | ​ | ​ | 865,216 | ​ | ​ | 1,187,222 | ​ | ​ | 1,317,412 | ​ | ​ | 15,116,356 | ​ | ​ | 18,486,206
Microcredit | ​ | ​ | 162,667 | ​ | ​ | 108,095 | ​ | ​ | 5,266 | ​ | ​ | 1,501 | ​ | ​ | 277,529
Interbank and overnight funds | ​ | ​ | 392,607 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 392,607
Total gross loan portfolio |  | Ps. | 69,119,163 |  | Ps. | 42,517,115 |  | Ps. | 24,863,613 |  | Ps. | 49,703,879 |  | Ps. | 186,203,770
​ December 31, 2022 ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Up to 1 | ​ | From 1 to | ​ | From 3 to | ​ | More than | ​ | ​ | ​
​ |  | year |  | 3 years |  | 5 years |  | 5 years |  | Total
Commercial – Client portfolio |  | Ps. | 52,035,331 |  | Ps. | 29,192,573 |  | Ps. | 13,784,223 |  | Ps. | 9,762,972 |  | Ps. | 104,775,099
Consumer | ​ | ​ | 9,387,125 | ​ | ​ | 12,229,155 | ​ | ​ | 10,996,682 | ​ | ​ | 26,806,482 | ​ | ​ | 59,419,444
Mortgage | ​ | ​ | 752,955 | ​ | ​ | 1,078,137 | ​ | ​ | 1,190,998 | ​ | ​ | 14,861,265 | ​ | ​ | 17,883,355
Microcredit | ​ | ​ | 155,351 | ​ | ​ | 105,603 | ​ | ​ | 5,692 | ​ | ​ | 1,074 | ​ | ​ | 267,720
Interbank and overnight funds | ​ | ​ | 5,967,743 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,967,743
Total gross loan portfolio |  | Ps. | 68,298,505 |  | Ps. | 42,605,468 |  | Ps. | 25,977,595 |  | Ps. | 51,431,793 |  | Ps. | 188,313,361
​ ​ 11.3 Interest income by portfolio ​ The interest income of the loan portfolio of Grupo Aval by portfolio is shown as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | December 31, 2023 |  | December 31, 2022 |  | December 31, 2021(1)
Commercial – Client portfolio | ​ | Ps. | 14,497,926 | ​ | Ps. | 8,608,592 | ​ | Ps. | 4,698,563
Consumer | ​ |  | 9,208,508 | ​ |  | 7,048,747 | ​ |  | 5,890,691
Mortgage | ​ |  | 1,687,962 | ​ |  | 1,349,898 | ​ |  | 1,080,022
Microcredit | ​ |  | 71,352 | ​ |  | 64,582 | ​ |  | 77,880
Repos, interbank loans portfolio | ​ | ​ | 1,068,367 | ​ | ​ | 487,697 | ​ | ​ | 134,988
Total interest income | ​ | Ps. | 26,534,115 | ​ | Ps. | 17,559,516 | ​ | Ps. | 11,882,144
| (1) | Comparative information has been re-presented due to a discontinued operation disclosed in Note 1.1.
​ 11.4 Financial Leasing portfolio As of December 31, 2023, and 2022 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, 2023 |  | December 31, 2022
Total gross rent payments receivable |  | Ps. | 29,491,587 |  | Ps. | 21,766,425
Less amounts representing running costs (such as taxes, maintenance, insurances, etc.,) | ​ | ​ | (495) | ​ | ​ | (544)
Plus, estimated residual amount of assets given for rental (without guarantee) | ​ | ​ | 32,657 | ​ | ​ | 36,559
Gross investment in contracts of financial leasing | ​ | ​ | 29,523,749 | ​ | ​ | 21,802,440
Less unrealized financial income | ​ | ​ | (15,609,415) | ​ | ​ | (8,526,643)
Net investment in contracts of financial leasing | ​ | Ps. | 13,914,334 | ​ | Ps. | 13,275,797
Loss allowance of net investment in financial leasing |  | Ps. | (460,528) |  | Ps. | (678,367)
​ ​ The detailed information of gross investment and net investment in financial leasing contracts receivable as of December 31, 2023 and 2022 in each period is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2023
​ |  | Gross investment |  | Net investment
Up to 1 year |  | Ps. | 13,480,780 |  | Ps. | 6,398,382
From 1 to 5 years | ​ | ​ | 6,560,824 | ​ | ​ | 2,532,708
More than 5 years | ​ | ​ | 9,482,145 | ​ | ​ | 4,983,244
Total |  | Ps. | 29,523,749 |  | Ps. | 13,914,334
​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | December 31, 2022
​ |  | Gross investment |  | Net investment
Up to 1 year |  | Ps. | 4,378,980 |  | Ps. | 1,962,546
From 1 to 5 years | ​ | ​ | 8,502,594 | ​ | ​ | 5,585,560
More than 5 years | ​ | ​ | 8,920,866 | ​ | ​ | 5,727,691
Total |  | Ps. | 21,802,440 |  | Ps. | 13,275,797
​ The banks of Grupo Aval grant loans through financial leasing mainly for acquisition of vehicles and computer equipment, generally with terms between 36 and 60 months, with a purchase option at the end of the contract, for acquisition machinery and equipment with terms between 60 to 120 months, with a purchase option, and for housing leasing with terms between 120 to 240 months, transferring the asset at the end of the contract. These leasing contracts are granted at current market interest rates at inception.

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