FINANCIAL OBLIGATIONS (Tables)

12 Months Ended

Dec. 31, 2018

Disclosure of Deposits From Financial Obligations [Abstract]

Disclosure of Detailed Information about Financial Obligations [Text Block]

The following is a summary of the financial obligations of Grupo Aval as of December 31, 2018 and 2017:


	December		December
	31, 2018		31, 2017

Local Currency
Interbank funds
Overnight funds	Ps.	4,152	Ps.	1,464
Interbank funds purchased		173,274		336,431
Commitments to transfer open and closed repo operations		1,884,750		715,364
Commitments to transfer simultaneous operations		2,306,037		2,272,496
Commitments originated in short positions simultaneous operations		362,833		176,048
Total interbank funds	Ps.	4,731,046	Ps.	3,501,803
Borrowings		1,964,408		2,831,100
Letters of credit		300		485
Bankers´ acceptances		217		17
Total borrowings from banks and others	Ps.	1,964,925	Ps.	2,831,602
Foreign currency
Interbank funds
Overnight funds		—		217
Interbank funds purchased		1,568,172		1,135,110
Commitments to transfer open and closed repo operations		514,860		333,300
Total interbank funds	Ps.	2,083,032	Ps.	1,468,627
Borrowings		17,190,315		14,529,524
Andean Development Corporation		384,758		—
Letters of credit		356,640		195,988
Bankers´ acceptances		664,429		648,206
Discoveries in bank current account		49,699		—
Total borrowings from banks and others	Ps.	18,645,841	Ps.	15,373,718
Total interbank borrowings, overnight funds and borrowings from banks and others	Ps.	27,424,844	Ps.	23,175,750

Disclosure of Detailed Information About Other Borrowings Explanatory [Text Block]

The details of the borrowings from these entities as of December 31, 2018, and 2017 and are as follows:


	Interest rates in force at cut off	December 31, 2018		December 31, 2017
Banco de Comercio Exterior - “BANCOLDEX”	Fixed between 1.8% and 21.15% DTF + 0.08% to 9.91% IBR + 0.50% to 9.76% LIBOR3 + 1.8% to 9.91% LIBOR6 + 2.87% to 6.09%	Ps.	1,303,648	Ps.	835,667
Fondo para el Financiamiento del Sector Agropecuario - “FINAGRO”	Fixed between 0.50% and 15.48% DTF + 0.50% to 6.42%		278,025		342,728
Financiera de Desarrollo Territorial “FINDETER”	Fixed between 2.40% and 13.38% DTF + 1.00% to 7.57% IBR+ 2.50% to 7.57% IPC + 0.50% and 7.57% LIBOR3 5.20% to 5.30% and LIBOR6 + 5.29%		2,065,123		1,819,695
Total		Ps.	3,646,796	Ps.	2,998,090

Disclosure of Detailed Information About Maturities of Financial Obligations with Development Entities [Text Block]


	Interest rates in force at cut off	December 31, 2018		December 31, 2017
Banco de Comercio Exterior - “BANCOLDEX”	Fixed between 1.8% and 21.15% DTF + 0.08% to 9.91% IBR + 0.50% to 9.76% LIBOR3 + 1.8% to 9.91% LIBOR6 + 2.87% to 6.09%	Ps.	1,303,648	Ps.	835,667
Fondo para el Financiamiento del Sector Agropecuario - “FINAGRO”	Fixed between 0.50% and 15.48% DTF + 0.50% to 6.42%		278,025		342,728
Financiera de Desarrollo Territorial “FINDETER”	Fixed between 2.40% and 13.38% DTF + 1.00% to 7.57% IBR+ 2.50% to 7.57% IPC + 0.50% and 7.57% LIBOR3 5.20% to 5.30% and LIBOR6 + 5.29%		2,065,123		1,819,695
Total		Ps.	3,646,796	Ps.	2,998,090

The amount of borrowings from development entities due over 12 months as of December 31, 2018 is Ps. 3,203,170 and December 31, 2017 is Ps.2,790,581.

Disclosure of detailed information about bond issued [Text Block]

December

Issuer

Issue Date

31, 2018

31, 2017

Maturity Date

Interest Rate

Banco de Bogotá S.A.

23/02/2010

Ps.

134,736

Ps.

132,989

23/02/2020

CPI + 5.45 and UVR + 5.45

Banco de Occidente

Between 30/03/2009 and 14/12/2017

3,143,903

3,271,929

Between 09/02/2019 and 14/12/2032

Fixed between 6.18% to 7.85% and IPC + 2.90 to 5.75

Corporación Financiera Colombiana S.A.

Between 27/08/2009 and 02/03/2018

2,853,685

2,361,702

Between 11/03/2019 and 02/03/2043

Fixed 7.1% and CPI + 3.18 to 6.90

Banco Popular

Between 26/02/2013 and 08/05/2018

1,616,729

1,571,308

Between 14/02/2019 and 12/10//2026

Fixed between 6.17% to 8.10%, CPI + 2.72 to 4.13; DTF + 1.49

Grupo Aval Acciones y Valores

Between 03/12/2009 and 28/06/2017

1,108,713

1,109,240

Between 03/12/2019 and 28/06/2042

CPI + 2.69 to 5.20

Peso denominated Total

Ps.

8,857,766

Ps.

8,447,168

Foreign Currency

Banco de Bogotá S.A. Under rule 44A.

Between 19/02/2013 and 03/08 /2017

7,042,678

6,459,452

Between 19/02/2023 and 03/08/2027

Fixed between 4.38% to 6.25%

BAC Credomatic

El Salvador

Between 11/02/2013 and 26/11/2018

753,556

635,536

Between 30/05/2019 and 26/11/2023

Between 5.20% to 5.85%

Guatemala

Between 24/08/2017 and 24/08/2018

14,025

400,244

Between 07/01/2019 and 26/08/2019

Between 4.25% to 7.50%

Honduras

Between 12/05/2017 and 19/12/2018

205,017

159,674

Between 12/05/2020 and 11/01/2022

Between 0.75% to 8.88%

BAC Credomatic Total

Ps.

972,598

Ps.

1,195,454

Banco Bogotá and BAC Credomatic Total

Ps.

8,015,276

Ps.

7,654,906

Grupo Aval Limited

19/09/2012

3,267,308

3,000,122

26/09/2022

4.75%

Foreign Currency Total

Ps.

11,282,584

Ps.

10,655,028

Total of Bonds

Ps.

20,140,350

Ps.

19,102,196