Grupo Aval

On April 18, 1997, the Group formally changed its trading name from Administraciones Bancarias S.A. to Sociedad A.B. S.A. On January 8, 1998, the Group once again changed its name to Grupo Aval Acciones y Valores S.A. Later that year, Grupo Aval introduced an Online banking platform, which was integrated within the Group's major banking subsidiaries, Banco de Bogotá, Banco de Occidente, Banco Popular and Banco AV Villas. This innovation allowed clients to either conduct financial transactions on the Internet or in real-time at anyone of the banks branch offices or automated teller machines.

A major milestone occurred during 1999 when Grupo Aval listed their shares publicly on the Bolsa de Valores de Colombia for the first time in the company's history. The Group made a massive initial public offering of 1,200,774,970 shares of common stock between November 1 and December 31, 1999. By December 31, 1999, Aval had 40,042 shareholders. The final result of the IPO was the sale of 312,062,341 shares of common stock, or 2.58 percent of their total, with a fair market value of $58,190,135,296. In 2000, plans to list Grupo Aval on the New York Stock Exchange were postponed due to Wall Street's unfavorable climate for emerging market funds at the time.As of 2007, Luis Carlos Sarmiento continues to run the company with assistance from his son Luis Carlos Sarmiento Gutierrez, whom he is grooming to eventually assume control of the family conglomerate.

Due to GE Capital focusing on industrial activity rather than retail banking, the group acquired for US$1.9 billion BAC|Credomatic Network from GE Consumer Finance in July 2010Grupo Aval made a debut global offering of $600 million in February 2012 with advisory assistance from New York law firm Davis Polk & Wardwell.AVAL's current earnings per share is $.65. Zacks Investment Research reports AVAL's forecasted earnings growth in 2017 as 3.62%, compared to an industry average of 8.1%.