LOANS

12 Months Ended

Dec. 31, 2025

Disclosure of loans and receivables [abstract]

NOTE 11 – LOANS

11.1 Loan Portfolio by Product

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


		December 31, 2025 ⁽¹⁾			December 31, 2024
Commercial
General purpose loans		Ps.	80,975,412		Ps.	82,145,280
Loans funded by development banks			3,298,256			3,517,386
Working capital loans			10,884,896			16,624,543
Credit cards			344,409			338,168
Overdrafts			377,851			648,130
Leases			12,428,160			12,141,136
Interbank loans and overnight funds			1,777,516			705,055
Total commercial		Ps.	110,086,500		Ps.	116,119,698

Consumer
Credit cards		Ps.	6,814,762		Ps.	7,266,716
Personal loans			15,990,343			14,442,142
Automobile and vehicle loans			4,360,959			5,834,498
Overdrafts			44,616			79,347
General purpose loans			209,448			152,803
Leases			12,973			18,808
Payroll loans			33,023,112			34,182,011
Total consumer		Ps.	60,456,213		Ps.	61,976,325

Mortgages
Mortgages		Ps.	19,257,512		Ps.	19,714,057
Leases			2,854,198			2,321,670
Total mortgages		Ps.	22,111,710		Ps.	22,035,727

Microcredit		Ps.	1,520		Ps.	4,375
Gross balance of loan portfolio		Ps.	192,655,943		Ps.	200,136,125
Loss allowance loan portfolio ⁽²⁾			(8,429,970)			(10,006,639)
Net balance of loan portfolio		Ps.	184,225,973		Ps.	190,129,486

⁽¹⁾ The decrease corresponds to the reclassification to Non-Current Assets Held for Sale of Multi Financial Group operation as of December 31, 2025, see note 13.A.

⁽²⁾ 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, 2025


		Up to 1			From 1 to			From 3 to			More than
		year			3 years			5 years			5 years			Total
Commercial		Ps.	49,278,231		Ps.	29,694,500		Ps.	15,860,292		Ps.	13,475,961		Ps.	108,308,984
Consumer			11,207,153			14,398,577			11,566,323			23,284,160			60,456,213
Mortgage			1,119,825			1,739,368			1,963,065			17,289,452			22,111,710
Microcredit			802			100			22			596			1,520
Interbank and overnight funds			1,777,516			—			—			—			1,777,516
Total gross loan portfolio ⁽¹⁾		Ps.	63,383,527		Ps.	45,832,545		Ps.	29,389,702		Ps.	54,050,169		Ps.	192,655,943

⁽¹⁾ As of December 2025, the assets related to Multi Financial Group (MFG) were no longer presented line by line on the Consolidated Statements of Financial Position and were instead reported in a single line item within “Non-current assets held for sale”, see note 13.A.

December 31, 2024


		Up to 1			From 1 to			From 3 to			More than
		year			3 years			5 years			5 years			Total
Commercial		Ps.	59,494,116		Ps.	30,333,667		Ps.	13,675,325		Ps.	11,911,535		Ps.	115,414,643
Consumer			10,887,363			14,549,074			11,342,281			25,197,607			61,976,325
Mortgage			990,277			1,427,865			1,605,095			18,012,490			22,035,727
Microcredit			3,402			209			236			528			4,375
Interbank and overnight funds			705,055			—			—			—			705,055
Total gross loan portfolio		Ps.	72,080,213		Ps.	46,310,815		Ps.	26,622,937		Ps.	55,122,160		Ps.	200,136,125

11.3 Financial Leasing portfolio

As of December 31, 2025, and 2024 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, 2025			December 31, 2024
Total gross rent payments receivable		Ps.	24,711,683		Ps.	23,631,711
Less amounts representing running costs (such as taxes, maintenance, insurances, etc.,)			(395)			(341)
Plus, estimated residual amount of assets given for rental (without guarantee)			34,858			41,170
Gross investment in contracts of financial leasing			24,746,146			23,672,540
Less unrealized financial income			(9,450,815)			(9,190,926)
Net investment in contracts of financial leasing		Ps.	15,295,331		Ps.	14,481,614
Loss allowance of net investment in financial leasing		Ps.	(468,623)		Ps.	(483,965)

The detailed information of gross investment and net investment in financial leasing contracts receivable as of December 31, 2025 and 2024 in each period is as follows:


		December 31, 2025
		Gross investment			Net investment
Up to 1 year		Ps.	4,012,082		Ps.	2,714,800
From 1 to 5 years			10,105,384			6,267,950
More than 5 years			10,628,680			6,312,581
Total		Ps.	24,746,146		Ps.	15,295,331


		December 31, 2024
		Gross investment			Net investment
Up to 1 year		Ps.	3,718,951		Ps.	2,280,167
From 1 to 5 years			9,735,614			5,831,107
More than 5 years			10,217,975			6,370,340
Total		Ps.	23,672,540		Ps.	14,481,614

The banks of Grupo Aval and subsidiaries 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 price below the market price for the buyer at the end of the contract, for acquisition machinery and equipment with terms between 60 to 120 months, with a purchase option at price below the market price or for the time close to the economic life of the asset, 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.