EX-8.1 2 dp45788_ex0801.htm EXHIBIT 8.1

Exhibit 8.1

SUBSIDIARIES OF THE REGISTRANT

The following are the significant subsidiaries of Grupo Aval Acciones y Valores S.A.

Name
Jurisdiction of Incorporation
   
Banco de Bogotá S.A.
Colombia
   
Banco de Occidente S.A.
Colombia
   
Banco Popular S.A.
Colombia
   
Corporación Financiera Colombiana S.A.
Colombia
   
Credomatic International Corporation
British Virgin Islands
   
BAC Credomatic Inc.
British Virgin Islands
   
BAC International Corporation
British Virgin Islands
   
Leasing Bogotá S.A., Panamá
Panamá
   
BAC International Bank, Inc.
Panamá