Banco Av Villas dividend plan and AAA rating reaffirmed

The Banco Av Villas ordinary general meeting approved a distributable amount of 87,645 million, earmarked for shareholder dividends. A fixed yield is scheduled to be paid on preferred shares between April 5 and 11 this year, with subsequent monthly payments occurring within the first ten days of each month. Each member will receive 390 units per shareholding entry. Regarding the dividend for 222.9 million common shares, a payment of 390 per deed will be disbursed from April 2022 through March 2023. In parallel, the board noted losses carried forward from prior years totaling 2,436 million, alongside contributions of 58,505 million to the dividend voluntary stabilization reserve and 13,000 million to the voluntary endowment reserve. These figures reflect non-taxable profits. Also at the meeting, voting elected new members of the Board of Directors: Carlos Ernesto Pérez, Pedro Ignacio de Brigard, Bernardo Noreña Ocampo, Fernando Copete Saldarriaga, and Luis Fernando Pabón. For the thirteenth consecutive year, rating agency Value & Risk maintained a stable AAA rating on Banco Av Villas’ long-term debt, underscoring the institution’s strong interest coverage and capital-adequacy profile. The short-term debt remains rated VrR 1+, signaling the highest capacity to meet obligations in the agreed terms and liquidity conditions. A key driver behind the favorable rating is the bank’s incorporation into Grupo Aval, which provides equity backing and corporate support. The agency highlights a robust asset base, with technical equity reported at 1.39 trillion and core solvency metrics of 12.34 percent and 12.98 percent, alongside a leverage ratio near 7.63 percent, all well above regulatory minima. Value & Risk notes the credibility of the bank’s financial structure and risk controls as central to this assessment. The rating agency also emphasized the progress of the bank’s strategic plan and the outcomes of its digital transformation initiative. These efforts have enhanced the value proposition and sharpened management efficiency, contributing to streamlined operations and stronger competitive positioning in a dynamic market. Source: Lare Publica (attribution maintained for transparency of the original reporting)