UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The Securities Exchange Act Of 1934

For the month of December 2013

Commission File Number: 000-54290

Grupo Aval Acciones y Valores S.A.

(Exact name of registrant as specified in its charter)

Carrera 13 No. 26A - 47

Bogotá D.C., Colombia

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes

GRUPO AVAL ACCIONES Y VALORES S.A.

TABLE OF CONTENTS

ITEM
1	Grupo Aval Acciones y Valores S.A. individual financial statements for third quarter 2013

GRUPO AVAL ACCIONES Y VALORES S.A.
Individual Balance Sheets
For the period ended September 30, 2013
(Stated in millions of Colombian pesos)
Under Col GAAP

			First Half			Second Half
			1st Quarter	2nd Quarter	First Half	1st Quarter	2nd Quarter	Second Half
			March 31st	June 30th	(Six months)	September 30th	December 31st	(Six months)
Assets

Short Term Assets:

	Cash	$	724,079	43,539	43,539	197,221		197,221
	Short term Investments, net		361	31	31	20,027		20,027
	Short term loans		404,360	192,767	192,767	416,560		416,560
	Deferred charges		5,297	425	425	391		391
Total Short Term Assets			1,134,097	236,762	236,762	634,199	0	634,199

	Long term Investments, net		10,807,072	11,428,068	11,428,068	11,366,957		11,366,957
	Property, plant and equipment, net		507	533	533	644		644
	Intangible assets, net		408,681	737,173	737,173	741,570		741,570
	Deferred charges		233	162	162	94		94
	Reappraisal of assets		8,426,598	11,502,096	11,502,096	11,290,791		11,290,791
Total Long Term Assets			19,643,091	23,668,032	23,668,032	23,400,056	0	23,400,056

Total assets		$	20,777,188	23,904,794	23,904,794	24,034,255	0	24,034,255

	Debtor Memorandum accounts:

	Tax - Debtor		12,285,837	16,761,767	16,761,767	16,761,767		16,761,767
	Control Debtors		912,396	912,418	912,418	919,418		919,418
	Contingent creditors per contra		2,931,575	3,086,455	3,086,455	3,053,319		3,053,319
	Control creditors per contra		875,225	875,225	875,225	875,225		875,225
	Tax creditors per contra		12,659,282	17,159,030	17,159,030	17,159,030		17,159,030
Total Memorandum Accounts		$	29,664,315	38,794,895	38,794,895	38,768,759	0	38,768,759


Liabilities and Shareholders' Equity

Short Term Liabilities:

	Financial obligations	$	427,102	237,081	237,081	264,986		264,986
	Suppliers		56	51	51	161		161
	Accounts payable		558,791	326,443	326,443	576,388		576,388
	Taxes, fees and charges		24,670	16,475	16,475	7,441		7,441
	Labour obligations		837	837	837	837		837
	Estimated liabilities and provisions		3,261	6,768	6,768	8,123		8,123
	Other liabilities		1,896	1,844	1,844	1,762		1,762
Total Short Term Liabilities			1,016,615	589,499	589,499	859,698	0	859,698

	Equity Tax		11,464	5,826	5,826	5,827		5,827
	Financial Obligations		710,148	982,103	982,103	1,201,852		1,201,852
	Bonds outstanding		724,249	724,249	724,249	724,249		724,249
Total Long Term Liabilities			1,445,861	1,712,178	1,712,178	1,931,928	0	1,931,928

Total Liabilities			2,462,476	2,301,677	2,301,677	2,791,626	0	2,791,626

	Shareholders' Equity:
								0
	Social Capital		18,552	18,552	18,552	18,552		18,552
	Capital Surplus		5,403,557	5,316,624	5,316,624	5,252,304		5,252,304
	Reserves		3,080,253	3,080,253	3,080,253	3,407,174		3,407,174
	Inflation Adjustments		875,225	874,470	874,470	874,470		874,470
	Retained Earnings		510,529	811,122	811,122	399,338		399,338
	Reappraisal of assets		8,426,598	11,502,096	11,502,096	11,290,791		11,290,791
Total Shareholders' Equity			18,314,714	21,603,117	21,603,117	21,242,629	0	21,242,629

Total Liabilities and Shareholders' Equity		$	20,777,190	23,904,794	23,904,794	24,034,255	0	24,034,255

	Creditor Memo Accounts:

	Tax debtors per contra		12,285,837	16,761,767	16,761,767	16,761,767		16,761,767
	Control debtor per contra		912,396	912,418	912,418	919,418		919,418
	Acreedoras de Contingencia		2,931,575	3,086,455	3,086,455	3,053,319		3,053,319
	Control creditors		875,225	875,225	875,225	875,225		875,225
	Tax creditors		12,659,282	17,159,030	17,159,030	17,159,030		17,159,030

Total Memo Accounts		$	29,664,315	38,794,895	38,794,895	38,768,759	0	38,768,759

GRUPO AVAL ACCIONES Y VALORES S.A.
Individual Statements of Income
For the period ended September 30, 2013
(Stated in million of Colombian pesos, except earnings per share)
Under Col GAAP

			First Half			Second Half			YTD
			1st Quarter	2nd Quarter	First Half	1st Quarter	2nd Quarter	Second Half
			March 31st	June 30th	(Six months)	September 30th	December 31st	(Six months)
Operating Income
	Dividends	$	0	6,366	6,366	155		155	6,521
	Interest		9,136	4,299	13,435	1,183		1,183	14,618
	Financial Returns		57	847	904	9		9	913
	Equity method, net		552,799	360,590	913,389	429,652		429,652	1,343,041
	Recovery for equity changes		0	0	0	7,629		7,629	7,629
Total Operating Income			561,992	372,102	934,094	438,628		438,628	1,372,722

Gross Income			561,992	372,102	934,094	438,628		438,628	1,372,722

Operating expenses – Administration and Sales:
	Personnel expense		6,258	6,154	12,412	6,215		6,215	18,627
	Fees		1,738	7,174	8,912	413		413	9,325
	Industry and Trade		2,369	5,041	7,410	824		824	8,234
	Tax on financial transactions		1,119	3,631	4,750	273		273	5,023
	Discountable sales tax		0	0	0	7		7	7
	Leases		185	187	372	188		188	560
	Contributions and memberships		18	199	217	188		188	405
	Insurance		0	5	5	0		0	5
	Services		264	226	490	274		274	764
	Legal expenses		10	9	19	5		5	24
	Maintenance and repairs		15	16	31	13		13	44
	Adaptation and installations		1	7	8	1		1	9
	Travel expenses		41	104	145	58		58	203
	Depreciation		49	101	150	50		50	200
	Amortization of Intangibles		3,311	3,843	7,154	5,596		5,596	12,750
	Amortization of deferred assets		5,823	4,946	10,769	153		153	10,922
	Loss (gain) on foreign exchange transactions		0	3,997	3,997	5		5	4,002
	Operating expenses - sales		273	3,992	4,265	938		938	5,203
	Various		80	710	790	100		100	890
Total operating expenses – administration and sales			21,554	40,342	61,896	15,301		15,301	77,197

Operating Income			536,350	335,848	872,198	423,327		423,327	1,295,525

Non-operating Income
	Loss (gain) on foreign exchange transactions		8	(0)	8	2,337		2,337	2,345
	Fees		10,605	15,939	26,544	9,439		9,439	35,983
	Services		1	1	2	1		1	3
	Better uses		0	663	663	3		3	666
	Recoveries		101	274	375	23		23	398
			10,715	16,877	27,592	11,803		11,803	39,395
Non-operating expenses
	Financial expenses		34,730	31,329	66,059	33,807		33,807	99,866
	Various		6	252	258	103		103	361
	Loss in equity method by changes in shareholders' equity		4,089	14,629	18,718	0		0	18,718
			38,825	46,210	85,035	33,910		33,910	118,945

	Non-operating income, net		(28,110)	(29,333)	(57,443)	(22,107)		(22,107)	(79,550)

	Income before income taxes		575,175	239,580	814,755	401,220		401,220	1,215,975

	Income tax and other		(1,799)	(1,834)	(3,633)	(1,882)		(1,882)	(5,515)

	Net Income	$	510,529	300,593	811,122	399,338		399,338	1,210,460

GRUPO AVAL ACCIONES Y VALORES S.A.
Individual Statement of Cash Flows
For the period ended September 30, 2013
(Stated in million of Colombian pesos)
Under Col GAAP

		First Half			Second Half			YTD
		1st Quarter	2nd Quarter	First Half	1st Quarter	2nd Quarter	Second Half
		March 31st	June 30th	(Six months)	September 30th	December 31st	(Six months)
Cash flows from operating activity:
Net Income	$	510,529	300,593	811,122	399,338		399,338	399,338
Non-controlling interest		0	0	0	0		0	0

Adjustments for conciliation of net income and net cash from operating activity:
Amortization of goodwill		3,311	3,843	7,154	5,596		5,596	5,596
Depreciation of properties, plant and equipment		49	101	150	50		50	50
Decrease (increase) in trading investments		7,937	330	8,267	(19,996)		(19,996)	(19,996)
Acquisition of Investments		(20,521)	(361,967)	(382,488)	(19,669)		(19,669)	(19,669)
Dividends received during the period		413,928	(0)	413,928	453,739		453,739	453,739
Equity Method Income		(552,799)	(360,590)	(913,389)	(429,652)		(429,652)	(429,652)
Recovery for equity changes		0	0	0	(7,629)		(7,629)	(7,629)
Loss on equity Method		4,089	14,629	18,718	0		0	0
Increase (decrease) in deferred charges		(3)	(3)	(6)	(52)		(52)	(52)
Amortization of deferred charges		5,823	4,946	10,769	153		153	153
Decrease (Increase) in Accounts Receivable		(225,284)	204,771	(20,513)	(222,607)		(222,607)	(222,607)
Increase in Other Assets, net (tax and contributions advances)		(1,810)	6,823	5,013	(1,186)		(1,186)	(1,186)
Decrease (Increase) in Other Liabilities - Net (suppliers, taxes, accounts payable, labor obligations, other liabilities, estimated liabilities and allowances)		(2,283)	(10,033)	(12,316)	(9,141)		(9,141)	(9,141)
Increase (decrease) in acquired goodwill		0	(332,335)	(332,335)	(9,992)		(9,992)	(9,992)
Equity tax payment		0	(755)	(755)	0		0	0

Net cash from operating activity		142,966	(529,647)	(386,681)	138,952		138,952	138,952

Cash Flows from investing activity:
Purchase of properties, plant and equipment		(21)	(127)	(148)	(161)		(161)	(161)
Net cash used in investing activities		(21)	(127)	(148)	(161)		(161)	(161)

Cash Flows from financing activity:
Dividends paid		(221,527)	(232,700)	(454,227)	(232,764)		(232,764)	(232,764)
Acquisition of other borrowings from banks		0	112,152	112,152	250,000		250,000	250,000
Payment of other borrowings from banks		(13,667)	(30,218)	(43,885)	(1,545)		(1,545)	(1,545)
Net cash (used in)/provided by financing activties		(235,194)	(150,766)	(385,960)	15,691		15,691	15,691

Effect of exchange differences of cash and cash equivalents		0		0	(801)		(801)	(801)

Decrease in cash and cash equivalents		(92,248)	(680,541)	(772,789)	153,681		153,681	153,681

Cash and cash equivalents at beginning of period		816,328	724,080	816,328	43,539		43,539	43,539

Cash and cash equivalent at end of period	$	724,080	43,539	43,539	197,221		197,221	197,221

GRUPO AVAL ACCIONES Y VALORES S.A.
Individual Statement of Shareholder´s Equity
For the period ended September 30, 2013
(Stated in million of Colombian pesos)
Under Col GAAP

			EquitySurplus
	Social			Additional		Goodwill		Equity			Reserves					Equity Inflation			Net			Reappraisal			Shareholders´
	Capital			paid-in capital				Method			Legal		Occasional			Adjustments			Income			of assets			Equity

Balance at December 31, 2012	$	18,552			3,671,667		0		1,678,239			9,276		2,736,084			875,225			802,398			7,738,866			17,530,307

Constitution of reserves for future distributions														802,398						(802,398	)					0
Increase in legal reserve																										0
To distribute a cash dividend of $ 4.20 per share and per month during the months of April to September 2013, both months included as well:
Over 18,551,766,453 common and preferred shares subscribed
With benefit:														(467,505	)											(467,505	)
Application of the equity method									53,651																	53,651
Reapprisal of investments (notes 5 and 10)																							687,731			687,731
Net Income																				510,529						510,529

Balance at March 31, 2013		18,552			3,671,667		0		1,731,891			9,276		3,070,977			875,225			510,529			8,426,597			18,314,714

Constitution of reserves for future distributions														0						0						0
Increase in legal reserve																										0
Equity tax payment																	(755	)								(755	)
To distribute a cash dividend of $ 4.20 per share and per month during the months of April to September 2013, both months included as well:
Over 18,551,766,453 common and preferred shares subscribed
With benefit:									(86,934	)																(86,934	)
Application of the equity method																										0
Reappraisal of Investments (notes 5 and 10)																							3,075,499			3,075,499
Net Income																				300,593						300,593

Balance at June 30, 2013		18,552			3,671,667		0		1,644,957			9,276		3,070,977			874,470			811,122			11,502,096			21,603,117

Constitution of reserves for future distributions														811,122						(811,122	)					0
Increase in legal reserve																										0
Equity tax payment																										0
To distribute a cash dividend of $ 4.35 per share and per month during the months of October 2013 to March 2014, both months included as well:																										0
Over 18,551,766,453 common and preferred shares subscribed														(484,201	)											(484,201	)
With benefit:																										0
Application of the equity method									(64,321	)																(64,321	)
Reappraisal of Investments (notes 5 and 10)																							(211,305	)		(211,305	)
Net Income																				399,338						399,338

Balance at September 30, 2013		18,552			3,671,667		0		1,580,636			9,276		3,397,898			874,470			399,338			11,290,791			21,242,628

Constitution of reserves for future distributions																										0
Increase in legal reserve																										0
Equity tax payment
To distribute a cash dividend of $ 4.20 per share and per month during the months of April to September 2013, both months included as well:
Over 18,551,766,453 common and preferred shares subscribed																										0
With benefit:
Application of the equity method																										0
Reappraisal of Investments (notes 5 and 10)																										0
Net Income																										0

Balance at December 31, 2013		18,552			3,671,667		0		1,580,636			9,276		3,397,898			874,470			399,338			11,290,791			21,242,628

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 10, 2013

GRUPO AVAL ACCIONES Y VALORES S.A.

/s/ Jorge Adrián Rincón Plata

Jorge Adrián Rincón Plata

Chief Legal Counsel