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LOANS
12 Months Ended
Dec. 31, 2021
Disclosure of loans and receivables [abstract]  
LOANS

NOTE 11 – LOANS

11.1          Loan Portfolio by Product

The distribution of the loan portfolio of Grupo Aval by product is shown as follows:

    

December 31, 2021

    

December 31, 2020

General purpose loans

 

Ps.

87,652,620

 

Ps.

79,602,750

Payroll loans

35,666,306

24,905,547

Mortgages

27,058,641

22,757,640

Credit Cards

20,182,153

16,607,901

Working capital loans

19,410,295

16,164,803

Personal loans

12,356,219

16,908,282

Commercial financial leases

11,108,676

10,636,603

Automobile and vehicle loans

8,353,725

7,115,987

Interbank & overnight funds

3,218,433

4,693,678

Loans funded by development banks

3,198,592

3,900,175

Housing leases

2,061,675

1,801,130

Overdrafts

626,345

641,564

Consumer financial leases

362,018

338,784

Microcredit

317,739

372,321

Gross balance of loan portfolio

Ps.

231,573,437

Ps.

206,447,165

Loss allowance loan portfolio (1)

(11,275,612)

(10,905,171)

Net balance of loan portfolio

 

Ps.

220,297,825

 

Ps.

195,541,994

(1)   See loss allowance reconciliations from the opening to the closing balance in note 4.1.5.

11.2          Loan portfolio by maturity

The distribution of Grupo Aval´s loan portfolio by contractual maturity period is as follows:

December 31, 2021

Up to 1

From 1 to

From 3 to

More than

    

year

    

3 years

    

5 years

    

5 years

    

Total

Commercial

 

Ps.

51,391,093

 

Ps.

29,235,366

 

Ps.

17,099,011

 

Ps.

24,302,334

 

Ps.

122,027,804

Consumer

20,754,224

12,483,902

11,463,155

32,187,864

76,889,145

Mortgage

616,096

966,883

1,145,363

26,391,974

29,120,316

Microcredit

188,726

111,014

13,849

4,150

317,739

Interbank and overnight funds

3,218,433

3,218,433

Total gross loan portfolio

 

Ps.

76,168,572

 

Ps.

42,797,165

 

Ps.

29,721,378

 

Ps.

82,886,322

 

Ps.

231,573,437

December 31, 2020

Up to 1

From 1 to

From 3 to

More than

    

year

    

3 years

    

5 years

    

5 years

    

Total

Commercial

 

Ps.

45,689,138

 

Ps.

27,230,670

 

Ps.

16,500,368

 

Ps.

21,566,762

 

Ps.

110,986,938

Consumer

17,061,123

11,388,303

11,229,958

26,156,073

65,835,457

Mortgage

548,925

846,345

998,398

22,165,103

24,558,771

Microcredit

198,886

146,578

20,728

6,129

372,321

Interbank and overnight funds

4,693,678

4,693,678

Total gross loan portfolio

 

Ps.

68,191,750

 

Ps.

39,611,896

 

Ps.

28,749,452

 

Ps.

69,894,067

 

Ps.

206,447,165

11.3          Interest income by portfolio

The interest income of the loan portfolio of Grupo Aval by portfolio is shown as follows:

    

December 31, 2021

    

December 31, 2020

    

December 31, 2019

Commercial

Ps.

6,583,884

Ps.

7,442,901

Ps.

7,271,607

Consumer

  

9,260,876

  

9,319,044

  

8,935,803

Mortgage

  

2,023,462

  

1,862,105

  

1,658,115

Microcredit

  

77,880

  

95,679

  

106,062

Repos, interbank loans portfolio

169,628

227,300

519,580

Total interest income

Ps.

18,115,730

Ps.

18,947,029

Ps.

18,491,167

11.4          Financial Leasing portfolio

As of December 31, 2021, and 2020 the following table shows the reconciliation between gross investment in financial leasing and the present value of minimum payments to be received in these dates:

    

December 31, 2021

    

December 31, 2020

Total gross rent payments receivable

 

Ps.

21,464,510

 

Ps.

17,861,864

Less amounts representing running costs (such as taxes, maintenance, insurances, etc.,)

(660)

(564)

Plus, estimated residual amount of assets given for rental (without guarantee)

25,714

22,526

Gross investment in contracts of financial leasing

21,489,564

17,883,826

Less unrealized financial income

(7,957,194)

(5,107,309)

Net investment in contracts of financial leasing

13,532,370

12,776,517

Loss allowance of net investment in financial leasing

 

Ps.

(804,942)

 

Ps.

(737,549)

The detailed information of gross investment and net investment in financial leasing contracts receivable as of December 31, 2021 and 2020 in each period is as follows:

December 31, 2021

    

Gross investment

    

Net investment

Up to 1 year

 

Ps.

7,706,238

 

Ps.

4,330,434

From 1 to 5 years

7,678,563

5,383,073

More than 5 years

6,104,763

3,818,863

Total

 

Ps.

21,489,564

 

Ps.

13,532,370

December 31, 2020

    

Gross investment

    

Net investment

Up to 1 year

 

Ps.

2,383,724

 

Ps.

1,761,738

From 1 to 5 years

8,000,626

5,464,964

More than 5 years

7,499,476

5,549,815

Total

 

Ps.

17,883,826

 

Ps.

12,776,517

The banks of Grupo Aval grant loans through financial leasing mainly for acquisition of vehicles and computer equipment, generally with terms between 36 and 60 months, with a purchase option at the end of the contract, for acquisition machinery and equipment

with terms between 60 to 120 months, with a purchase option, and for housing leasing with terms between 120 to 240 months, transferring the asset at the end of the contract. These leasing contracts are granted at current market interest rates at inception.