XML 370 R14.htm IDEA: XBRL DOCUMENT

TRADING ASSETS AND LIABILITIES

12 Months Ended

Dec. 31, 2024

Trading assets and liabilities [abstract]

NOTE 8 – TRADING ASSETS AND LIABILITIES

Balances of trading asset and liabilities comprise the following as of December 31, 2024 and 2023:


		December 31,		December 31,
	Note	2024		2023
Trading assets
Debt securities	8.1	Ps.	11,937,414	Ps.	7,113,380
Equity securities	8.2		7,256,506		6,260,174
Derivative assets	8.3		969,294		2,077,567
		Ps.	20,163,214	Ps.	15,451,121

Trading liabilities
Derivative liabilities	8.3		1,011,934		2,154,361
		Ps.	1,011,934	Ps.	2,154,361
Total trading assets and liabilities net		Ps.	19,151,280	Ps.	13,296,760

8.1 Trading investments in debt securities

The following is the balance as of December 31, 2024 and 2023:


	December 31,		December 31,
	2024		2023
Securities issued or secured by the Colombian Government	Ps.	10,641,558	Ps.	5,794,832
Securities issued or secured by other Colombian Government entities		183,760		155,737
Securities issued or secured by foreign Governments		75,379		32,079
Securities issued or secured by other financial entities		1,002,194		1,084,461
Securities issued or secured by non-financial sector entities		8,813		6,406
Others		25,710		39,865
Total trading debt securities	Ps.	11,937,414	Ps.	7,113,380

8.2 Trading investments in equity securities

The following is the balance as of December 31, 2024 and 2023:


	December 31,		December 31,
	2024		2023
In Colombian Pesos
Corporate stock	Ps.	13,453	Ps.	8,949
Investment funds ⁽¹⁾⁽²⁾		4,757,848		4,079,070
Stabilization reserves ⁽³⁾		2,380,868		2,084,955
	Ps.	7,152,169	Ps.	6,172,974

In foreign currency
Corporate stock	Ps.	4,813	Ps.	4,100
Investment funds		99,524		83,100
	Ps.	104,337	Ps.	87,200
Total equity securities	Ps.	7,256,506	Ps.	6,260,174

⁽¹⁾ Grupo Aval has restricted collective investment funds related to Concesionaria Nueva Vía al Mar of Ps. 663,701, Concesionaria Vial del Pacífico
of Ps. 1,488 and Concesionaria Vial del Oriente of Ps. 66,508.

⁽²⁾Includes investments in the private real estate fund Nexus as of December 31, 2024 of Ps. 2,772,165 and as of December 31, 2023 of Ps. 2,567,099.

⁽³⁾Pursuant to Colombian rules, Porvenir S. A. is required to directly invest 1% of the total assets of these funds in mandatory severance and pension funds managed by Porvenir.

8.3 Trading derivatives assets and liabilities

Trading derivative assets and liabilities comprise the following as of December 31, 2024 and 2023:

December 31, 2024

December 31, 2023

Assets

Liabilities

Assets

Liabilities

Forward contracts

Foreign currency to buy

Ps.

429,919

Ps.

62,051

Ps.

2,805

Ps.

1,543,886

Foreign currency to sell

100,705

610,639

1,664,047

2,691

Debt securities to buy

342

15,350

18,895

589

Debt securities to sell

116,711

628

363

128,757

Subtotal

Ps.

647,677

Ps.

688,668

Ps.

1,686,110

Ps.

1,675,923

Swap

Cross currency

Ps.

58,475

Ps.

52,455

Ps.

20,195

Ps.

60,845

Interest rate

222,830

221,822

308,368

329,754

Subtotal

Ps.

281,305

Ps.

274,277

Ps.

328,563

Ps.

390,599

Futures contracts

Interest rate to sell

Ps.

—

Ps.

—

Ps.

—

Ps.

3,752

Subtotal

Ps.

—

Ps.

—

Ps.

—

Ps.

3,752

Options contracts

Foreign currency to buy

Ps.

40,312

Ps.

—

Ps.

62,894

Ps.

—

Foreign currency to sell

—

48,989

—

84,087

Subtotal

Ps.

40,312

Ps.

48,989

Ps.

62,894

Ps.

84,087

Total derivative assets and liabilities trading

Ps.

969,294

Ps.

1,011,934

Ps.

2,077,567

Ps.

2,154,361

Derivative instruments contracted by Grupo Aval and its Subsidiaries are generally traded in either domestic financial markets or in over-the-counter international markets. Derivative instruments have a net favorable position (asset) or a net unfavorable position (liability) as a result of fluctuations in exchange rates, in interest rates or other variables relating to market conditions. As a result, the aggregate amount of fair values of the assets and liabilities in derivative instruments may vary significantly from time to time.