AVAL - Grupo Aval Acciones Y Valores S.A. (AVAL) Q2 2019 Earnings Call Transcript
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Grupo Aval Acciones Y Valores S.A. (NYSE: AVAL)
Q2 2019 Earnings Call
Aug. 21, 2019, 10:00 a.m. ET
Welcome to Grupo Aval's 2nd Quarter 2019 consolidated results conference call. My name is Hilda, and I will be your operator for today's call. Grupo Aval Acciones Y Valores S.A. is an issuer of securities in Colombia and in the United States, registered with Colombia's national registry of sharers and issuers, Registro Nacional de Valores y Emisores, and the United States Securities and Exchange Commission, SEC. As such, it is subject to compliance with securities regulation in Colombia and applicable U.S. securities regulation. All of our banking subsidiaries, Banco de Bogota, Banco de Occidente, Banco Popular, and Banco AV Villas Porvenir and Corficolombiana are subject to inspection and supervision as financial institutions by the Superintendency of Finance. Grupo Aval is now also subject to the inspection and supervision of the Superintendency of Finance as a result of law 1870 of 2017. Also known as the law of financial conglomerate, which came into effect in February of 2019.