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<!--XBRL document created with Toppan Merrill Bridge  11.2.0.5 -->
<!--Based on XBRL 2.1-->
<!--Created on: 4/16/2026 8:55:32 PM-->
<!--Modified on: 4/16/2026 8:55:32 PM-->
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityListingDepositoryReceiptRatio_lbl" xml:lang="en-US">Entity Listing, Depository Receipt Ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityListingParValuePerShare" xlink:label="dei_EntityListingParValuePerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityListingParValuePerShare" xlink:to="dei_EntityListingParValuePerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityListingParValuePerShare_lbl" xml:lang="en-US">Entity Listing, Par Value Per Share</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_SecurityExchangeName" xlink:label="dei_SecurityExchangeName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_SecurityExchangeName" xlink:to="dei_SecurityExchangeName_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_SecurityExchangeName_lbl" xml:lang="en-US">Security Exchange Name</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_NoTradingSymbolFlag" xlink:label="dei_NoTradingSymbolFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_NoTradingSymbolFlag" xlink:to="dei_NoTradingSymbolFlag_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_NoTradingSymbolFlag_lbl" xml:lang="en-US">No Trading Symbol Flag</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_TradingSymbol" xlink:label="dei_TradingSymbol" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_TradingSymbol" xlink:to="dei_TradingSymbol_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_TradingSymbol_lbl" xml:lang="en-US">Trading Symbol</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCommonStockSharesOutstanding" xlink:label="dei_EntityCommonStockSharesOutstanding" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCommonStockSharesOutstanding" xlink:to="dei_EntityCommonStockSharesOutstanding_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCommonStockSharesOutstanding_lbl" xml:lang="en-US">Entity Common Stock, Shares Outstanding</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityWellKnownSeasonedIssuer" xlink:label="dei_EntityWellKnownSeasonedIssuer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityWellKnownSeasonedIssuer" xlink:to="dei_EntityWellKnownSeasonedIssuer_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityWellKnownSeasonedIssuer_lbl" xml:lang="en-US">Entity Well-known Seasoned Issuer</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityVoluntaryFilers" xlink:label="dei_EntityVoluntaryFilers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityVoluntaryFilers" xlink:to="dei_EntityVoluntaryFilers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityVoluntaryFilers_lbl" xml:lang="en-US">Entity Voluntary Filers</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityCurrentReportingStatus" xlink:label="dei_EntityCurrentReportingStatus" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityCurrentReportingStatus" xlink:to="dei_EntityCurrentReportingStatus_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityCurrentReportingStatus_lbl" xml:lang="en-US">Entity Current Reporting Status</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityInteractiveDataCurrent" xlink:label="dei_EntityInteractiveDataCurrent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityInteractiveDataCurrent" xlink:to="dei_EntityInteractiveDataCurrent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityInteractiveDataCurrent_lbl" xml:lang="en-US">Entity Interactive Data Current</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityFilerCategory" xlink:label="dei_EntityFilerCategory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityFilerCategory" xlink:to="dei_EntityFilerCategory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityFilerCategory_lbl" xml:lang="en-US">Entity Filer Category</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityEmergingGrowthCompany" xlink:label="dei_EntityEmergingGrowthCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityEmergingGrowthCompany" xlink:to="dei_EntityEmergingGrowthCompany_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityEmergingGrowthCompany_lbl" xml:lang="en-US">Entity Emerging Growth Company</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_IcfrAuditorAttestationFlag" xlink:label="dei_IcfrAuditorAttestationFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_IcfrAuditorAttestationFlag" xlink:to="dei_IcfrAuditorAttestationFlag_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_IcfrAuditorAttestationFlag_lbl" xml:lang="en-US">ICFR Auditor Attestation Flag</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFinStmtErrorCorrectionFlag" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFinStmtErrorCorrectionFlag" xlink:to="dei_DocumentFinStmtErrorCorrectionFlag_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFinStmtErrorCorrectionFlag_lbl" xml:lang="en-US">Document Financial Statement Error Correction [Flag]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentAccountingStandard" xlink:label="dei_DocumentAccountingStandard" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentAccountingStandard" xlink:to="dei_DocumentAccountingStandard_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentAccountingStandard_lbl" xml:lang="en-US">Document Accounting Standard</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityShellCompany" xlink:label="dei_EntityShellCompany" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityShellCompany" xlink:to="dei_EntityShellCompany_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityShellCompany_lbl" xml:lang="en-US">Entity Shell Company</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_CurrentFiscalYearEndDate" xlink:label="dei_CurrentFiscalYearEndDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_CurrentFiscalYearEndDate" xlink:to="dei_CurrentFiscalYearEndDate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_CurrentFiscalYearEndDate_lbl" xml:lang="en-US">Current Fiscal Year End Date</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalYearFocus" xlink:label="dei_DocumentFiscalYearFocus" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalYearFocus" xlink:to="dei_DocumentFiscalYearFocus_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalYearFocus_lbl" xml:lang="en-US">Document Fiscal Year Focus</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_DocumentFiscalPeriodFocus" xlink:label="dei_DocumentFiscalPeriodFocus" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_DocumentFiscalPeriodFocus" xlink:to="dei_DocumentFiscalPeriodFocus_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_DocumentFiscalPeriodFocus_lbl" xml:lang="en-US">Document Fiscal Period Focus</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AmendmentFlag" xlink:label="dei_AmendmentFlag" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AmendmentFlag" xlink:to="dei_AmendmentFlag_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AmendmentFlag_lbl" xml:lang="en-US">Amendment Flag</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_EntityAddressPostalZipCode" xlink:label="dei_EntityAddressPostalZipCode" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_EntityAddressPostalZipCode" xlink:to="dei_EntityAddressPostalZipCode_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_EntityAddressPostalZipCode_lbl" xml:lang="en-US">Entity Address, Postal Zip Code</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorName" xlink:label="dei_AuditorName" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorName" xlink:to="dei_AuditorName_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorName_lbl" xml:lang="en-US">Auditor Name</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorFirmId" xlink:label="dei_AuditorFirmId" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorFirmId" xlink:to="dei_AuditorFirmId_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorFirmId_lbl" xml:lang="en-US">Auditor Firm ID</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/dei/2025/dei-2025.xsd#dei_AuditorLocation" xlink:label="dei_AuditorLocation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="dei_AuditorLocation" xlink:to="dei_AuditorLocation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="dei_AuditorLocation_lbl" xml:lang="en-US">Auditor Location</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfFinancialPositionAbstract" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfFinancialPositionAbstract" xlink:to="ifrs-full_StatementOfFinancialPositionAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfFinancialPositionAbstract_lbl" xml:lang="en-US">Statement of financial position [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAbstract" xlink:label="ifrs-full_AssetsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAbstract" xlink:to="ifrs-full_AssetsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US">Assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US">Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AssetsAbstract_lbl" xml:lang="en-US">Assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndCashEquivalents" xlink:label="ifrs-full_CashAndCashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndCashEquivalents" xlink:to="ifrs-full_CashAndCashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents at end of year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents at beginning of year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Total cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashAndCashEquivalents_lbl" xml:lang="en-US">Cash and equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTrading_lbl" xml:lang="en-US">Trading assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentSecuritiesNet" xlink:label="aval_InvestmentSecuritiesNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentSecuritiesNet" xlink:to="aval_InvestmentSecuritiesNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentSecuritiesNet_lbl" xml:lang="en-US">The carrying balance as on the balance sheet of the investment securities net of impairment loss.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentSecuritiesNet_lbl" xml:lang="en-US">Investment securities, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentSecuritiesNet_lbl" xml:lang="en-US">Investment securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_InvestmentSecuritiesNet_lbl" xml:lang="en-US">Investment securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:label="ifrs-full_DerivativeFinancialAssetsHeldForHedging" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialAssetsHeldForHedging" xlink:to="ifrs-full_DerivativeFinancialAssetsHeldForHedging_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialAssetsHeldForHedging_lbl" xml:lang="en-US">Derivative financial assets held for hedging</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialAssetsHeldForHedging_lbl" xml:lang="en-US">Hedging derivative assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoansAndReceivablesAbstract" xlink:label="aval_LoansAndReceivablesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoansAndReceivablesAbstract" xlink:to="aval_LoansAndReceivablesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoansAndReceivablesAbstract_lbl" xml:lang="en-US">Loans and receivables [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoansAndReceivablesAbstract_lbl" xml:lang="en-US">Loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_LoansAndReceivablesAbstract_lbl" xml:lang="en-US">Loans:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CorporateLoans" xlink:label="ifrs-full_CorporateLoans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CorporateLoans" xlink:to="ifrs-full_CorporateLoans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CorporateLoans_lbl" xml:lang="en-US">Loans to corporate entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CorporateLoans_lbl" xml:lang="en-US">Commercial</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoansAndAdvancesToBanks" xlink:label="ifrs-full_LoansAndAdvancesToBanks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoansAndAdvancesToBanks" xlink:to="ifrs-full_LoansAndAdvancesToBanks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LoansAndAdvancesToBanks_lbl" xml:lang="en-US">Loans and advances to banks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LoansAndAdvancesToBanks_lbl" xml:lang="en-US">Interbank and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommercialInterbankAndOvernightFunds" xlink:label="aval_CommercialInterbankAndOvernightFunds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommercialInterbankAndOvernightFunds" xlink:to="aval_CommercialInterbankAndOvernightFunds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommercialInterbankAndOvernightFunds_lbl" xml:lang="en-US">Commercial interbank and overnight funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommercialInterbankAndOvernightFunds_lbl" xml:lang="en-US">Commercial interbank and overnight funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_CommercialInterbankAndOvernightFunds_lbl" xml:lang="en-US">Commercial, interbank and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConsumerLoans" xlink:label="ifrs-full_ConsumerLoans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsumerLoans" xlink:to="ifrs-full_ConsumerLoans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsumerLoans_lbl" xml:lang="en-US">Loans to consumers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsumerLoans_lbl" xml:lang="en-US">Consumer</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetbackedDebtInstrumentsHeld" xlink:label="ifrs-full_AssetbackedDebtInstrumentsHeld" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetbackedDebtInstrumentsHeld" xlink:to="ifrs-full_AssetbackedDebtInstrumentsHeld_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetbackedDebtInstrumentsHeld_lbl" xml:lang="en-US">Asset-backed debt instruments held</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AssetbackedDebtInstrumentsHeld_lbl" xml:lang="en-US">Mortgages</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MicrocreditLoansAndReceivables" xlink:label="aval_MicrocreditLoansAndReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MicrocreditLoansAndReceivables" xlink:to="aval_MicrocreditLoansAndReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MicrocreditLoansAndReceivables_lbl" xml:lang="en-US">The amount of microcredit loans and receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MicrocreditLoansAndReceivables_lbl" xml:lang="en-US">Microcredit, loans and receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_MicrocreditLoansAndReceivables_lbl" xml:lang="en-US">Microcredit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsLoansGrossCarryingAmount" xlink:label="aval_FinancialAssetsLoansGrossCarryingAmount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsLoansGrossCarryingAmount" xlink:to="aval_FinancialAssetsLoansGrossCarryingAmount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsLoansGrossCarryingAmount_lbl" xml:lang="en-US">Financial assets, loans, gross carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsLoansGrossCarryingAmount_lbl" xml:lang="en-US">Financial assets, loans, gross carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsLoansGrossCarryingAmount_lbl" xml:lang="en-US">Total loans, gross</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_FinancialAssetsLoansGrossCarryingAmount_lbl" xml:lang="en-US">Total loans, gross</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsLoansLossAllowance" xlink:label="aval_FinancialAssetsLoansLossAllowance" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsLoansLossAllowance" xlink:to="aval_FinancialAssetsLoansLossAllowance_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsLoansLossAllowance_lbl" xml:lang="en-US">Financial assets, loans, loss allowance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsLoansLossAllowance_lbl" xml:lang="en-US">Financial assets, loans, loss allowance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_FinancialAssetsLoansLossAllowance_lbl" xml:lang="en-US">Loss allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoansAndReceivablesNet" xlink:label="aval_LoansAndReceivablesNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoansAndReceivablesNet" xlink:to="aval_LoansAndReceivablesNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoansAndReceivablesNet_lbl" xml:lang="en-US">Loans and receivables, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoansAndReceivablesNet_lbl" xml:lang="en-US">Loans and receivables, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoansAndReceivablesNet_lbl" xml:lang="en-US">Loans, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_LoansAndReceivablesNet_lbl" xml:lang="en-US">Total loans, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_LoansAndReceivablesNet_lbl" xml:lang="en-US">Total loans, net</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReceivables" xlink:label="ifrs-full_OtherReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReceivables" xlink:to="ifrs-full_OtherReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US">Other receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherReceivables_lbl" xml:lang="en-US">Other accounts receivable, net</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale" xlink:to="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Balance at year end balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Non-current assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Total non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentAccountedForUsingEquityMethod" xlink:to="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Investments accounted for using equity method</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Investments in associates and joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TangibleAssetsAbstract" xlink:label="aval_TangibleAssetsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TangibleAssetsAbstract" xlink:to="aval_TangibleAssetsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TangibleAssetsAbstract_lbl" xml:lang="en-US">Tangible assets [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_TangibleAssetsAbstract_lbl" xml:lang="en-US">Tangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherPropertyPlantAndEquipment" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherPropertyPlantAndEquipment" xlink:to="ifrs-full_OtherPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment_lbl" xml:lang="en-US">Other property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherPropertyPlantAndEquipment_lbl" xml:lang="en-US">Property, plant and equipment for own-use and given in operating lease, net</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RightofuseAssets" xlink:label="ifrs-full_RightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssets" xlink:to="ifrs-full_RightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RightofuseAssets_lbl" xml:lang="en-US">Right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentProperty" xlink:label="ifrs-full_InvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentProperty" xlink:to="ifrs-full_InvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Investment properties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentProperty_lbl" xml:lang="en-US">Investment properties</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BiologicalAssets" xlink:label="ifrs-full_BiologicalAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BiologicalAssets" xlink:to="ifrs-full_BiologicalAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BiologicalAssets_lbl" xml:lang="en-US">Biological assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BiologicalAssets_lbl" xml:lang="en-US">Biological assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Property, plant and equipment including right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Tangible assets at end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Tangible assets at beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Total Tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Total tangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwillAbstract" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwillAbstract" xlink:to="ifrs-full_IntangibleAssetsAndGoodwillAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillAbstract_lbl" xml:lang="en-US">Intangible assets and goodwill [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwillAbstract_lbl" xml:lang="en-US">Intangibles</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRights" xlink:label="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRights" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRights" xlink:to="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRights_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRights_lbl" xml:lang="en-US">Copyrights, patents and other industrial property rights, service and operating rights</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRights_lbl" xml:lang="en-US">Concession arrangement rights</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Goodwill" xlink:label="ifrs-full_Goodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Goodwill" xlink:to="ifrs-full_Goodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Balance at the end of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Goodwill carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Goodwill_lbl" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherIntangibleAssets" xlink:label="ifrs-full_OtherIntangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIntangibleAssets" xlink:to="ifrs-full_OtherIntangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIntangibleAssets_lbl" xml:lang="en-US">Other intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIntangibleAssets_lbl" xml:lang="en-US">Other intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsAndGoodwill" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsAndGoodwill" xlink:to="ifrs-full_IntangibleAssetsAndGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Intangible assets and goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Total Intangibles</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Total Intangibles</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IntangibleAssetsAndGoodwill_lbl" xml:lang="en-US">Intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxAssetsAbstract" xlink:label="aval_IncomeTaxAssetsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxAssetsAbstract" xlink:to="aval_IncomeTaxAssetsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxAssetsAbstract_lbl" xml:lang="en-US">Income tax assets [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncomeTaxAssetsAbstract_lbl" xml:lang="en-US">Income tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncomeTaxAssetsAbstract_lbl" xml:lang="en-US">Income tax assets:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxAssets" xlink:label="ifrs-full_CurrentTaxAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxAssets" xlink:to="ifrs-full_CurrentTaxAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxAssets_lbl" xml:lang="en-US">Current tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentTaxAssets_lbl" xml:lang="en-US">Current tax asset</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxAssets_lbl" xml:lang="en-US">Current</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssets" xlink:label="ifrs-full_DeferredTaxAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssets" xlink:to="ifrs-full_DeferredTaxAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US">Deferred tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US">Deferred tax asset, balances on statement of financial position</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxAssets_lbl" xml:lang="en-US">Deferred</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxAssetsNet" xlink:label="aval_IncomeTaxAssetsNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxAssetsNet" xlink:to="aval_IncomeTaxAssetsNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeTaxAssetsNet_lbl" xml:lang="en-US">The total income tax assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxAssetsNet_lbl" xml:lang="en-US">Income tax assets, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncomeTaxAssetsNet_lbl" xml:lang="en-US">Income tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_IncomeTaxAssetsNet_lbl" xml:lang="en-US">Total Income tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncomeTaxAssetsNet_lbl" xml:lang="en-US">Total income tax assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssets" xlink:label="ifrs-full_OtherAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssets" xlink:to="ifrs-full_OtherAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US">Other assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherAssets_lbl" xml:lang="en-US">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Assets" xlink:label="ifrs-full_Assets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Assets" xlink:to="ifrs-full_Assets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets at the end of the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets at the beginning of the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Total assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Assets_lbl" xml:lang="en-US">Total Assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilitiesAbstract" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilitiesAbstract" xlink:to="ifrs-full_EquityAndLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilitiesAbstract_lbl" xml:lang="en-US">Equity and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesAbstract" xlink:label="ifrs-full_LiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesAbstract" xlink:to="ifrs-full_LiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LiabilitiesAbstract_lbl" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading" xlink:to="ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_lbl" xml:lang="en-US">Derivative financial liabilities held for trading</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_lbl" xml:lang="en-US">Trading liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForTrading_lbl" xml:lang="en-US">Derivative liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging" xlink:to="ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_lbl" xml:lang="en-US">Derivative financial liabilities held for hedging</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativeFinancialLiabilitiesHeldForHedging_lbl" xml:lang="en-US">Hedging derivative liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromCustomersAbstract" xlink:label="ifrs-full_DepositsFromCustomersAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromCustomersAbstract" xlink:to="ifrs-full_DepositsFromCustomersAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepositsFromCustomersAbstract_lbl" xml:lang="en-US">Deposits from customers [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepositsFromCustomersAbstract_lbl" xml:lang="en-US">Customer deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepositsFromCustomersAbstract_lbl" xml:lang="en-US">Customer deposits:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesOnCurrentAccountsFromCustomers" xlink:label="ifrs-full_BalancesOnCurrentAccountsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesOnCurrentAccountsFromCustomers" xlink:to="ifrs-full_BalancesOnCurrentAccountsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesOnCurrentAccountsFromCustomers_lbl" xml:lang="en-US">Balances on current accounts from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BalancesOnCurrentAccountsFromCustomers_lbl" xml:lang="en-US">Checking accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesOnDemandDepositsFromCustomers" xlink:label="ifrs-full_BalancesOnDemandDepositsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesOnDemandDepositsFromCustomers" xlink:to="ifrs-full_BalancesOnDemandDepositsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesOnDemandDepositsFromCustomers_lbl" xml:lang="en-US">Balances on demand deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BalancesOnDemandDepositsFromCustomers_lbl" xml:lang="en-US">Savings accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:label="ifrs-full_BalancesOnTermDepositsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesOnTermDepositsFromCustomers" xlink:to="ifrs-full_BalancesOnTermDepositsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesOnTermDepositsFromCustomers_lbl" xml:lang="en-US">Balances on term deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BalancesOnTermDepositsFromCustomers_lbl" xml:lang="en-US">Fixed term deposit certificates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BalancesOnTermDepositsFromCustomers_lbl" xml:lang="en-US">Time deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesOnOtherDepositsFromCustomers" xlink:label="ifrs-full_BalancesOnOtherDepositsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesOnOtherDepositsFromCustomers" xlink:to="ifrs-full_BalancesOnOtherDepositsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesOnOtherDepositsFromCustomers_lbl" xml:lang="en-US">Balances on other deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BalancesOnOtherDepositsFromCustomers_lbl" xml:lang="en-US">Other deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromCustomers" xlink:label="ifrs-full_DepositsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromCustomers" xlink:to="ifrs-full_DepositsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Total Customer deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Total Customers deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepositsFromCustomers_lbl" xml:lang="en-US">Customer deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsByTypeAbstract" xlink:label="ifrs-full_BorrowingsByTypeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsByTypeAbstract" xlink:to="ifrs-full_BorrowingsByTypeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsByTypeAbstract_lbl" xml:lang="en-US">Borrowings, by type [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsByTypeAbstract_lbl" xml:lang="en-US">Financial obligations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingsByTypeAbstract_lbl" xml:lang="en-US">Financial obligations:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepositsFromBanks" xlink:label="ifrs-full_DepositsFromBanks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepositsFromBanks" xlink:to="ifrs-full_DepositsFromBanks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Deposits from banks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DepositsFromBanks_lbl" xml:lang="en-US">Interbank borrowings and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsFromBanksAndOthers" xlink:label="aval_BorrowingsFromBanksAndOthers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsFromBanksAndOthers" xlink:to="aval_BorrowingsFromBanksAndOthers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Borrowings from banks and others</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Borrowings from banks and others</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Total borrowings from banks and others</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_BorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Borrowings from banks and others</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BondsIssued" xlink:label="ifrs-full_BondsIssued" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BondsIssued" xlink:to="ifrs-full_BondsIssued_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BondsIssued_lbl" xml:lang="en-US">Bonds issued</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BondsIssued_lbl" xml:lang="en-US">Bonds issued</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Borrowings" xlink:label="ifrs-full_Borrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Borrowings" xlink:to="ifrs-full_Borrowings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">Borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">Financial obligations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">Total financial obligations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Borrowings_lbl" xml:lang="en-US">Total financial obligations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionsAbstract" xlink:label="ifrs-full_ProvisionsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionsAbstract" xlink:to="ifrs-full_ProvisionsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionsAbstract_lbl" xml:lang="en-US">Provisions [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProvisionsAbstract_lbl" xml:lang="en-US">Provisions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LegalProceedingsProvision" xlink:label="ifrs-full_LegalProceedingsProvision" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsProvision" xlink:to="ifrs-full_LegalProceedingsProvision_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US">Legal proceedings provision</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LegalProceedingsProvision_lbl" xml:lang="en-US">Legal related</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherProvisions" xlink:label="ifrs-full_OtherProvisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherProvisions" xlink:to="ifrs-full_OtherProvisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Other provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherProvisions_lbl" xml:lang="en-US">Non legal related</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Provisions" xlink:label="ifrs-full_Provisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Provisions" xlink:to="ifrs-full_Provisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Ending Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Beginning Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Total Provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Total Provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Provisions_lbl" xml:lang="en-US">Provisions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxLiabilitiesAbstract" xlink:label="aval_IncomeTaxLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxLiabilitiesAbstract" xlink:to="aval_IncomeTaxLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxLiabilitiesAbstract_lbl" xml:lang="en-US">Income tax liabilities [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncomeTaxLiabilitiesAbstract_lbl" xml:lang="en-US">Income tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxLiabilities" xlink:label="ifrs-full_CurrentTaxLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxLiabilities" xlink:to="ifrs-full_CurrentTaxLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US">Current tax liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US">Current tax liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxLiabilities_lbl" xml:lang="en-US">Current</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilities" xlink:label="ifrs-full_DeferredTaxLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilities" xlink:to="ifrs-full_DeferredTaxLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred tax liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred tax liability, balances on statement of financial position</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxLiabilities_lbl" xml:lang="en-US">Deferred</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxLiabilitiesNet" xlink:label="aval_IncomeTaxLiabilitiesNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxLiabilitiesNet" xlink:to="aval_IncomeTaxLiabilitiesNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeTaxLiabilitiesNet_lbl" xml:lang="en-US">The total income tax liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxLiabilitiesNet_lbl" xml:lang="en-US">Income tax liabilities, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncomeTaxLiabilitiesNet_lbl" xml:lang="en-US">Income tax liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_IncomeTaxLiabilitiesNet_lbl" xml:lang="en-US">Total Income tax liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncomeTaxLiabilitiesNet_lbl" xml:lang="en-US">Total Income tax liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan" xlink:to="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US">Net defined benefit liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US">Net employee benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RecognisedLiabilitiesDefinedBenefitPlan_lbl" xml:lang="en-US">Employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale" xlink:to="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Liabilities included in disposal groups classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Liabilities directly associated with non-current assets classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LiabilitiesIncludedInDisposalGroupsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Liabilities of disposal group classified as held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherLiabilities" xlink:label="ifrs-full_OtherLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherLiabilities" xlink:to="ifrs-full_OtherLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Total other liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherLiabilities_lbl" xml:lang="en-US">Other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Liabilities" xlink:label="ifrs-full_Liabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Liabilities" xlink:to="ifrs-full_Liabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Liabilities_lbl" xml:lang="en-US">Total liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAbstract" xlink:label="ifrs-full_EquityAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAbstract" xlink:to="ifrs-full_EquityAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">Equity [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_EquityAbstract_lbl" xml:lang="en-US">Equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapital" xlink:label="ifrs-full_IssuedCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapital" xlink:to="ifrs-full_IssuedCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Issued capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Subscribed and paid-in capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IssuedCapital_lbl" xml:lang="en-US">Subscribed and paid-in capital</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionalPaidinCapital" xlink:label="ifrs-full_AdditionalPaidinCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapital" xlink:to="ifrs-full_AdditionalPaidinCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalPaidinCapital_lbl" xml:lang="en-US">Additional paid-in capital</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarnings" xlink:label="ifrs-full_RetainedEarnings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarnings" xlink:to="ifrs-full_RetainedEarnings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Net income for the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RetainedEarnings_lbl" xml:lang="en-US">Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncome" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US">Accumulated other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US">Balance at the end of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParent" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParent" xlink:to="ifrs-full_EquityAttributableToOwnersOfParent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US">Equity attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAttributableToOwnersOfParent_lbl" xml:lang="en-US">Equity attributable to owners of the parent</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterests" xlink:label="ifrs-full_NoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterests" xlink:to="ifrs-full_NoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Equity" xlink:label="ifrs-full_Equity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Equity" xlink:to="ifrs-full_Equity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_Equity_lbl" xml:lang="en-US">Total equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAndLiabilities" xlink:label="ifrs-full_EquityAndLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAndLiabilities" xlink:to="ifrs-full_EquityAndLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">Equity and liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_EquityAndLiabilities_lbl" xml:lang="en-US">Total liabilities and equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeStatementAbstract" xlink:label="ifrs-full_IncomeStatementAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeStatementAbstract" xlink:to="ifrs-full_IncomeStatementAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeStatementAbstract_lbl" xml:lang="en-US">Profit or loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ContinuingOperationsAbstract" xlink:label="aval_ContinuingOperationsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ContinuingOperationsAbstract" xlink:to="aval_ContinuingOperationsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ContinuingOperationsAbstract_lbl" xml:lang="en-US">Continuing operations [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestIncomeCalculatedUsingEffectiveInterestMethodAbstract" xlink:label="aval_InterestIncomeCalculatedUsingEffectiveInterestMethodAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestIncomeCalculatedUsingEffectiveInterestMethodAbstract" xlink:to="aval_InterestIncomeCalculatedUsingEffectiveInterestMethodAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestIncomeCalculatedUsingEffectiveInterestMethodAbstract_lbl" xml:lang="en-US">Interest income calculated using the effective interest method [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestIncomeCalculatedUsingEffectiveInterestMethodAbstract_lbl" xml:lang="en-US">Interest income calculated using the effective interest method</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans" xlink:label="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans" xlink:to="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans_lbl" xml:lang="en-US">Interest income on financial assets at amortised cost, loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans_lbl" xml:lang="en-US">Interest income on financial assets at amortised cost, loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans_lbl" xml:lang="en-US">Loan portfolio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_InterestIncomeOnFinancialAssetsAtAmortisedCostLoans_lbl" xml:lang="en-US">Total interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables" xlink:label="aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables" xlink:to="aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables_lbl" xml:lang="en-US">Interest income on cash and cash equivalents and other account receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables_lbl" xml:lang="en-US">Interest Income On Cash And Cash Equivalents And Other Account Receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestIncomeOnCashAndCashEquivalentsAndOtherAccountReceivables_lbl" xml:lang="en-US">Cash and cash equivalents and other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnDebtInstrumentsHeld" xlink:label="ifrs-full_InterestIncomeOnDebtInstrumentsHeld" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnDebtInstrumentsHeld" xlink:to="ifrs-full_InterestIncomeOnDebtInstrumentsHeld_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnDebtInstrumentsHeld_lbl" xml:lang="en-US">Interest income on debt instruments held</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestIncomeOnDebtInstrumentsHeld_lbl" xml:lang="en-US">Investments in debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromInterest" xlink:label="ifrs-full_RevenueFromInterest" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromInterest" xlink:to="ifrs-full_RevenueFromInterest_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RevenueFromInterest_lbl" xml:lang="en-US">Total interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpensesAbstract" xlink:label="aval_InterestExpensesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpensesAbstract" xlink:to="aval_InterestExpensesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpensesAbstract_lbl" xml:lang="en-US">Interest expenses [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestExpensesAbstract_lbl" xml:lang="en-US">Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_InterestExpensesAbstract_lbl" xml:lang="en-US">Interest expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnDepositsFromCustomers" xlink:to="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" xml:lang="en-US">Interest expense on deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" xml:lang="en-US">Deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_InterestExpenseOnDepositsFromCustomers_lbl" xml:lang="en-US">Interest expense on deposits from customers</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnOtherFinancialLiabilities" xlink:to="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" xml:lang="en-US">Interest expense on other financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" xml:lang="en-US">Financial obligations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_InterestExpenseOnOtherFinancialLiabilities_lbl" xml:lang="en-US">Total Financial obligations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpense" xlink:label="ifrs-full_InterestExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpense" xlink:to="ifrs-full_InterestExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Total interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_InterestExpense_lbl" xml:lang="en-US">Total interest expense</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestIncomeExpenseNetFromContinuingOperations" xlink:label="aval_InterestIncomeExpenseNetFromContinuingOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestIncomeExpenseNetFromContinuingOperations" xlink:to="aval_InterestIncomeExpenseNetFromContinuingOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestIncomeExpenseNetFromContinuingOperations_lbl" xml:lang="en-US">Interest income (expense), net from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestIncomeExpenseNetFromContinuingOperations_lbl" xml:lang="en-US">Interest income (expense), net from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestIncomeExpenseNetFromContinuingOperations_lbl" xml:lang="en-US">Net interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_InterestIncomeExpenseNetFromContinuingOperations_lbl" xml:lang="en-US">Net interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairmentLossAbstract" xlink:label="aval_ImpairmentLossAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairmentLossAbstract" xlink:to="aval_ImpairmentLossAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairmentLossAbstract_lbl" xml:lang="en-US">Impairment Loss [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ImpairmentLossAbstract_lbl" xml:lang="en-US">Impairment recoveries on financial assets, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_ImpairmentLossAbstract_lbl" xml:lang="en-US">Impairment losses net of recoveries</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairmentLossOnLoanAndOtherAccountsReceivable" xlink:label="aval_ImpairmentLossOnLoanAndOtherAccountsReceivable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairmentLossOnLoanAndOtherAccountsReceivable" xlink:to="aval_ImpairmentLossOnLoanAndOtherAccountsReceivable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpairmentLossOnLoanAndOtherAccountsReceivable_lbl" xml:lang="en-US">The amount recognised as a reduction of the carrying amount of an asset or cash-generating unit to its recoverable amount.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairmentLossOnLoanAndOtherAccountsReceivable_lbl" xml:lang="en-US">Impairment loss on loan and other accounts receivable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ImpairmentLossOnLoanAndOtherAccountsReceivable_lbl" xml:lang="en-US">Loans and other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairmentRecoveryOnOtherFinancialAssets" xlink:label="aval_ImpairmentRecoveryOnOtherFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairmentRecoveryOnOtherFinancialAssets" xlink:to="aval_ImpairmentRecoveryOnOtherFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpairmentRecoveryOnOtherFinancialAssets_lbl" xml:lang="en-US">Impairment (recovery) on other financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairmentRecoveryOnOtherFinancialAssets_lbl" xml:lang="en-US">Impairment (recovery) on other financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ImpairmentRecoveryOnOtherFinancialAssets_lbl" xml:lang="en-US">Other financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:label="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff" xlink:to="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_lbl" xml:lang="en-US">Gain on recovery of loans and advances previously written off</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainOnRecoveryOfLoansAndAdvancesPreviouslyWrittenOff_lbl" xml:lang="en-US">Recovery of charged-off financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLoss" xlink:label="ifrs-full_ImpairmentLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLoss" xlink:to="ifrs-full_ImpairmentLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Impairment loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Net impairment loss on financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Impairment losses net of recoveries</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Impairment loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ImpairmentLoss_lbl" xml:lang="en-US">Impairment to recognize</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestIncomeAfterImpairmentLosses" xlink:label="aval_InterestIncomeAfterImpairmentLosses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestIncomeAfterImpairmentLosses" xlink:to="aval_InterestIncomeAfterImpairmentLosses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestIncomeAfterImpairmentLosses_lbl" xml:lang="en-US">The amount of net interest income after impairment losses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestIncomeAfterImpairmentLosses_lbl" xml:lang="en-US">Interest income after impairment losses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestIncomeAfterImpairmentLosses_lbl" xml:lang="en-US">Net interest income, after impairment losses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_InterestIncomeAfterImpairmentLosses_lbl" xml:lang="en-US">Net interest income, after impairment losses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncome" xlink:label="ifrs-full_FeeAndCommissionIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionIncome" xlink:to="ifrs-full_FeeAndCommissionIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Fee and commission income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Fees income and commissions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Total income from commissions and fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FeeAndCommissionIncome_lbl" xml:lang="en-US">Income from commissions and fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionExpense" xlink:label="ifrs-full_FeeAndCommissionExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionExpense" xlink:to="ifrs-full_FeeAndCommissionExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Fee and commission expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Expenses from commissions and fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Fees expenses and commissions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_FeeAndCommissionExpense_lbl" xml:lang="en-US">Total expenses from commissions and fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FeeAndCommissionIncomeExpense" xlink:label="ifrs-full_FeeAndCommissionIncomeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FeeAndCommissionIncomeExpense" xlink:to="ifrs-full_FeeAndCommissionIncomeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FeeAndCommissionIncomeExpense_lbl" xml:lang="en-US">Fee and commission income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_FeeAndCommissionIncomeExpense_lbl" xml:lang="en-US">Net income from commissions and fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FeeAndCommissionIncomeExpense_lbl" xml:lang="en-US">Net income from commissions and fees</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RevenueFromSaleOfGoodsAndRenderingOfServices" xlink:label="aval_RevenueFromSaleOfGoodsAndRenderingOfServices" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RevenueFromSaleOfGoodsAndRenderingOfServices" xlink:to="aval_RevenueFromSaleOfGoodsAndRenderingOfServices_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RevenueFromSaleOfGoodsAndRenderingOfServices_lbl" xml:lang="en-US">The amount of revenue arising from the sale of goods and rendering of services.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RevenueFromSaleOfGoodsAndRenderingOfServices_lbl" xml:lang="en-US">Revenue From Sale of Goods and Rendering of Services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RevenueFromSaleOfGoodsAndRenderingOfServices_lbl" xml:lang="en-US">Income from sales of goods and services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_RevenueFromSaleOfGoodsAndRenderingOfServices_lbl" xml:lang="en-US">Total income from sales of good and services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CostOfMerchandiseSoldAndServiceExpenses" xlink:label="aval_CostOfMerchandiseSoldAndServiceExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CostOfMerchandiseSoldAndServiceExpenses" xlink:to="aval_CostOfMerchandiseSoldAndServiceExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CostOfMerchandiseSoldAndServiceExpenses_lbl" xml:lang="en-US">The amount of merchandise that was sold during the period recognised as an expense and expenses arising from services.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CostOfMerchandiseSoldAndServiceExpenses_lbl" xml:lang="en-US">Cost of Merchandise Sold and Service Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CostOfMerchandiseSoldAndServiceExpenses_lbl" xml:lang="en-US">Costs and expenses of sales goods and services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="aval_CostOfMerchandiseSoldAndServiceExpenses_lbl" xml:lang="en-US">Total costs and expenses of sales goods and services</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossProfit" xlink:label="ifrs-full_GrossProfit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossProfit" xlink:to="ifrs-full_GrossProfit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US">Gross profit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GrossProfit_lbl" xml:lang="en-US">Gross profit from sales of goods and services</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingIncomeExpense" xlink:label="ifrs-full_TradingIncomeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingIncomeExpense" xlink:to="ifrs-full_TradingIncomeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingIncomeExpense_lbl" xml:lang="en-US">Trading income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_TradingIncomeExpense_lbl" xml:lang="en-US">Total net trading income (loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradingIncomeExpense_lbl" xml:lang="en-US">Net trading income (loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradingIncomeExpense_lbl" xml:lang="en-US">Net trading income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets" xlink:to="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" xml:lang="en-US">Gains (losses) recognised in profit or loss including exchange differences, fair value measurement, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" xml:lang="en-US">Adjustment to fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" xml:lang="en-US">Net income from other financial instruments mandatorily at fair value through profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesRecognisedInProfitOrLossFairValueMeasurementAssets_lbl" xml:lang="en-US">Changes in fair value recognised in profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherIncomeNet" xlink:label="aval_OtherIncomeNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherIncomeNet" xlink:to="aval_OtherIncomeNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherIncomeNet_lbl" xml:lang="en-US">Other income, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherIncomeNet_lbl" xml:lang="en-US">Other income, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherIncomeNet_lbl" xml:lang="en-US">Other income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_OtherIncomeNet_lbl" xml:lang="en-US">Total other income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherExpenseByNature" xlink:label="ifrs-full_OtherExpenseByNature" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherExpenseByNature" xlink:to="ifrs-full_OtherExpenseByNature_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherExpenseByNature_lbl" xml:lang="en-US">Other expenses, by nature</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherExpenseByNature_lbl" xml:lang="en-US">Other expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_OtherExpenseByNature_lbl" xml:lang="en-US">Total other expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossBeforeTax" xlink:label="ifrs-full_ProfitLossBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossBeforeTax" xlink:to="ifrs-full_ProfitLossBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Profit (loss) before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Net income before income tax of continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Net income before tax expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossBeforeTax_lbl" xml:lang="en-US">Income before income tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxExpenseContinuingOperations" xlink:to="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Tax expense (income)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Income tax expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncomeTaxExpenseContinuingOperations_lbl" xml:lang="en-US">Total income tax expense, continued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperations" xlink:label="ifrs-full_ProfitLossFromContinuingOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromContinuingOperations" xlink:to="ifrs-full_ProfitLossFromContinuingOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US">Profit (loss) from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US">Net income from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US">Net income from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperations_lbl" xml:lang="en-US">Participation in the profit or loss of the period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromDiscontinuedOperations" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US">Profit (loss) from discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US">Net income from discontinued operations, net of tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperations_lbl" xml:lang="en-US">Net income for the period from discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLoss" xlink:label="ifrs-full_ProfitLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLoss" xlink:to="ifrs-full_ProfitLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Profit (loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net Income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net income for the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLoss_lbl" xml:lang="en-US">Net income for the year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToAbstract" xlink:label="ifrs-full_ProfitLossAttributableToAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToAbstract" xlink:to="ifrs-full_ProfitLossAttributableToAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US">Profit (loss), attributable to [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToAbstract_lbl" xml:lang="en-US">Net income attributable to owners of the parent</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent" xlink:to="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Income from continuing operations attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income for the period from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income attributable to owners of the parent</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:to="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Income from discontinued operations attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income attributable to owners of the parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income for the period from discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income for the period from discontinued operations, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOwnersOfParent" xlink:to="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Profit (loss), attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Net income attributable to owners of the parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Owners of the parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToOwnersOfParent_lbl" xml:lang="en-US">Owners of the parent</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProfitLossAttributableToNoncontrollingInterestAbstract" xlink:label="aval_ProfitLossAttributableToNoncontrollingInterestAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProfitLossAttributableToNoncontrollingInterestAbstract" xlink:to="aval_ProfitLossAttributableToNoncontrollingInterestAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProfitLossAttributableToNoncontrollingInterestAbstract_lbl" xml:lang="en-US">Profit (loss) attributable to noncontrolling interest [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ProfitLossAttributableToNoncontrollingInterestAbstract_lbl" xml:lang="en-US">Net income attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Profit (loss) from continuing operations attributable to non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Less: participation of non- controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Net income for the period from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Profit (loss) from discontinued operations attributable to non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Less: participation of non- controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Net income for the period from discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Net income for the period from discontinued operations, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Profit (loss), attributable to non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Less: participation of non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interest share of net income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProfitLossAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BasicEarningsLossPerShare" xlink:label="ifrs-full_BasicEarningsLossPerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BasicEarningsLossPerShare" xlink:to="ifrs-full_BasicEarningsLossPerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Basic earnings (loss) per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Net income per share basic (in Colombian pesos) see note 25</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BasicEarningsLossPerShare_lbl" xml:lang="en-US">Basic earnings per share to common shareholders (pesos)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsLossPerShare" xlink:label="ifrs-full_DilutedEarningsLossPerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerShare" xlink:to="ifrs-full_DilutedEarningsLossPerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US">Diluted earnings (loss) per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US">Net income per share diluted (in Colombian pesos) see note 25</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerShare_lbl" xml:lang="en-US">Diluted earnings per share to common shareholders (pesos)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfComprehensiveIncomeAbstract" xlink:to="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Statement of comprehensive income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_StatementOfComprehensiveIncomeTable" xlink:label="aval_StatementOfComprehensiveIncomeTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_StatementOfComprehensiveIncomeTable" xlink:to="aval_StatementOfComprehensiveIncomeTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_StatementOfComprehensiveIncomeTable_lbl" xml:lang="en-US">Schedule disclosing information related to comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_StatementOfComprehensiveIncomeTable_lbl" xml:lang="en-US">Statement Of Comprehensive Income [Table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingAndDiscontinuedOperationsAxis" xlink:to="ifrs-full_ContinuingAndDiscontinuedOperationsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContinuingAndDiscontinuedOperationsAxis_lbl" xml:lang="en-US">Continuing and discontinued operations [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContinuingOperationsMember" xlink:label="ifrs-full_ContinuingOperationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContinuingOperationsMember" xlink:to="ifrs-full_ContinuingOperationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContinuingOperationsMember_lbl" xml:lang="en-US">Continuing operations, unless line item indicates otherwise [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DiscontinuedOperationsMember" xlink:label="ifrs-full_DiscontinuedOperationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscontinuedOperationsMember" xlink:to="ifrs-full_DiscontinuedOperationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DiscontinuedOperationsMember_lbl" xml:lang="en-US">Discontinued operations [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DiscontinuedOperationsMember_lbl" xml:lang="en-US">Discontinued operation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:label="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember" xlink:to="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember_lbl" xml:lang="en-US">Aggregate continuing and discontinued operations [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AggregateContinuingAndDiscontinuedOperationsMember_lbl" xml:lang="en-US">Aggregate continuing and discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_StatementOfComprehensiveIncomeLineItems" xlink:label="aval_StatementOfComprehensiveIncomeLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_StatementOfComprehensiveIncomeLineItems" xlink:to="aval_StatementOfComprehensiveIncomeLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_StatementOfComprehensiveIncomeLineItems_lbl" xml:lang="en-US">Line items represent concepts included in a table. These concepts are used to disclose reportable information associated with members defined in one or many axes of the table.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_StatementOfComprehensiveIncomeLineItems_lbl" xml:lang="en-US">Statement Of Comprehensive Income [Line Items]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_StatementOfComprehensiveIncomeLineItems_lbl" xml:lang="en-US">Statements of Other Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Items that will be reclassified to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Items that will be reclassified to profit or loss, net foreign investment coverage</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax" xlink:to="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax_lbl" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, hedged, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax_lbl" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, hedged, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax_lbl" xml:lang="en-US">Net (loss) gain on hedges of investments in foreign operations - Hedged items</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsHedgedBeforeTax_lbl" xml:lang="en-US">Hedged Items</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax" xlink:to="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, non-derivative instruments, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, non-derivative instruments, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax_lbl" xml:lang="en-US">Hedging non-derivative instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax_lbl" xml:lang="en-US">Net (loss) gain on hedges of investments in foreign operations - Hedging non-derivative instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsNonDerivativeInstrumentsBeforeTax_lbl" xml:lang="en-US">Hedging financial liabilities in foreign currency</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax" xlink:to="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US">Gains (losses) on cash flow hedges, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnCashFlowHedgesBeforeTax_lbl" xml:lang="en-US">Cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax" xlink:to="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax_lbl" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, unhedged, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax_lbl" xml:lang="en-US">Gains (losses) on exchange differences on translation of foreign operations, unhedged, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedBeforeTax_lbl" xml:lang="en-US">Foreign currency translation differences from unhedged foreign operations</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeBeforeTax" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossBeforeTax_lbl" xml:lang="en-US">Investments in associates</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax relating to components of other comprehensive income that will be reclassified to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Total income tax relating to components of other comprehensive income that will be reclassified to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Other comprehensive income that will be reclassified to profit or loss, net of tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Total items that may be reclassified to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Total items that may be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, before tax [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTaxAbstract_lbl" xml:lang="en-US">Items that will not be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluationOfTangibleAssetsAndTransferFromOwnerOccupiedPropertyToInvestmentProperty" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluationOfTangibleAssetsAndTransferFromOwnerOccupiedPropertyToInvestmentProperty" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluationOfTangibleAssetsAndTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) on revaluation of tangible assets and transfer from owner-occupied property to investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRevaluationOfTangibleAssetsAndTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Transfer from owner-occupied property to investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) from investments in equity instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Unrealized gains on equity securities at FVOCI</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Unrealized gains (losses) on equity financial securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US">Actuarial gains (losses) from defined benefit pension plans</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Income tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLoss_lbl" xml:lang="en-US">Total tax (expense) income, deferred</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, net of tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Total items that will not be reclassified to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Total items that will not be reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncome" xlink:label="ifrs-full_OtherComprehensiveIncome" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Total other comprehensive income during the period, net of taxes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Total other comprehensive income during the period net of taxes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncome_lbl" xml:lang="en-US">Participation in Other Comprehensive Income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncome" xlink:label="ifrs-full_ComprehensiveIncome" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">OCI - Controlling</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComprehensiveIncome_lbl" xml:lang="en-US">Total comprehensive income, net of taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParentContinuingAndDiscontinuedOperationsAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParentContinuingAndDiscontinuedOperationsAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParentContinuingAndDiscontinuedOperationsAbstract_lbl" xml:lang="en-US">Total comprehensive income for the year attributable to owners of the parents:</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Comprehensive income from continuing operations, attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Comprehensive income for the period from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToOwnersOfParent" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Comprehensive income for the period from discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToOwnersOfParent_lbl" xml:lang="en-US">Owners of the parent</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US">Comprehensive income, attributable to owners of parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToOwnersOfParent_lbl" xml:lang="en-US">Total comprehensive income for the year attributable to owners of the parents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterestsContinuingAndDiscontinuedOperationsAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterestsContinuingAndDiscontinuedOperationsAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterestsContinuingAndDiscontinuedOperationsAbstract_lbl" xml:lang="en-US">Comprehensive income attributable to non-controlling interests, continuing and discontinued operations [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterestsContinuingAndDiscontinuedOperationsAbstract_lbl" xml:lang="en-US">Total comprehensive income for the year attributable to non-controlling interests:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Comprehensive income from continuing operations, attributable to non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeFromContinuingOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Comprehensive income for the period from continuing operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Comprehensive income from discontinued operations, attributable to non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperationsAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Comprehensive income for the period from discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Comprehensive income, attributable to non-controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToNoncontrollingInterests_lbl" xml:lang="en-US">Total comprehensive income for the year attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityAbstract" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityAbstract" xlink:to="ifrs-full_StatementOfChangesInEquityAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityAbstract_lbl" xml:lang="en-US">Statement of changes in equity [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityTable" xlink:label="ifrs-full_StatementOfChangesInEquityTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityTable" xlink:to="ifrs-full_StatementOfChangesInEquityTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityTable_lbl" xml:lang="en-US">Statement of changes in equity [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityAxis" xlink:label="ifrs-full_ComponentsOfEquityAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityAxis" xlink:to="ifrs-full_ComponentsOfEquityAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityAxis_lbl" xml:lang="en-US">Components of equity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfEquityDomain" xlink:label="ifrs-full_ComponentsOfEquityDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfEquityDomain" xlink:to="ifrs-full_ComponentsOfEquityDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfEquityDomain_lbl" xml:lang="en-US">Components of equity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityAttributableToOwnersOfParentMember" xlink:to="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityAttributableToOwnersOfParentMember_lbl" xml:lang="en-US">Equity attributable to owners of parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IssuedCapitalMember" xlink:label="ifrs-full_IssuedCapitalMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IssuedCapitalMember" xlink:to="ifrs-full_IssuedCapitalMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IssuedCapitalMember_lbl" xml:lang="en-US">Issued capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionalPaidinCapitalMember" xlink:label="ifrs-full_AdditionalPaidinCapitalMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalPaidinCapitalMember" xlink:to="ifrs-full_AdditionalPaidinCapitalMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalPaidinCapitalMember_lbl" xml:lang="en-US">Additional paid-in capital [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetainedEarningsMember" xlink:label="ifrs-full_RetainedEarningsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetainedEarningsMember" xlink:to="ifrs-full_RetainedEarningsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetainedEarningsMember_lbl" xml:lang="en-US">Retained earnings [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedOtherComprehensiveIncomeMember" xlink:to="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Accumulated other comprehensive income [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Accumulated other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncontrollingInterestsMember" xlink:label="ifrs-full_NoncontrollingInterestsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncontrollingInterestsMember" xlink:to="ifrs-full_NoncontrollingInterestsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncontrollingInterestsMember_lbl" xml:lang="en-US">Non-controlling interests [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfChangesInEquityLineItems" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfChangesInEquityLineItems" xlink:to="ifrs-full_StatementOfChangesInEquityLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfChangesInEquityLineItems_lbl" xml:lang="en-US">Statement of changes in equity [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaid" xlink:label="ifrs-full_DividendsPaid" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaid" xlink:to="ifrs-full_DividendsPaid_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US">Dividends recognised as distributions to owners</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US">Dividends declared</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_DividendsPaid_lbl" xml:lang="en-US">Dividends declared</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RealizedGainLossOnEquityInstruments" xlink:label="aval_RealizedGainLossOnEquityInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RealizedGainLossOnEquityInstruments" xlink:to="aval_RealizedGainLossOnEquityInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RealizedGainLossOnEquityInstruments_lbl" xml:lang="en-US">The amount of realized gain or loss on equity instruments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RealizedGainLossOnEquityInstruments_lbl" xml:lang="en-US">Realized Gain (Loss) on Equity Instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RealizedGainLossOnEquityInstruments_lbl" xml:lang="en-US">Effect of realization</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity" xlink:label="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity" xlink:to="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity_lbl" xml:lang="en-US">Increase (decrease) through change in retained earnings, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity_lbl" xml:lang="en-US">Increase (decrease) through change in retained earnings, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity_lbl" xml:lang="en-US">Effect on retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncreaseDecreaseThroughChangeInRetainedEarningsEquity_lbl" xml:lang="en-US">Total effect in retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity" xlink:to="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity_lbl" xml:lang="en-US">Increase (decrease) through other comprehensive income, including discontinued operations, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity_lbl" xml:lang="en-US">Increase (decrease) through other comprehensive income, including discontinued operations, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeIncludingDiscontinuedOperationsEquity_lbl" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl" xlink:to="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" xml:lang="en-US">Increase (decrease) through changes in ownership interests in subsidiaries that do not result in loss of control, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" xml:lang="en-US">Non-controlling equity transactions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInOwnershipInterestsInSubsidiariesThatDoNotResultInLossOfControl_lbl" xml:lang="en-US">Total equity transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity" xlink:label="aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity" xlink:to="aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity_lbl" xml:lang="en-US">Increase (Decrease) Through Deconsolidation of Entities, equity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity_lbl" xml:lang="en-US">Increase (Decrease) Through Deconsolidation of Entities, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughDeconsolidationOfEntitiesEquity_lbl" xml:lang="en-US">Deconsolidation of entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithholdingTaxOverDividends" xlink:label="aval_WithholdingTaxOverDividends" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithholdingTaxOverDividends" xlink:to="aval_WithholdingTaxOverDividends_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WithholdingTaxOverDividends_lbl" xml:lang="en-US">Withholding tax over dividends</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithholdingTaxOverDividends_lbl" xml:lang="en-US">Withholding tax over dividends</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_WithholdingTaxOverDividends_lbl" xml:lang="en-US">Withholding tax over dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatementOfCashFlowsAbstract" xlink:label="ifrs-full_StatementOfCashFlowsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatementOfCashFlowsAbstract" xlink:to="ifrs-full_StatementOfCashFlowsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatementOfCashFlowsAbstract_lbl" xml:lang="en-US">Statement of cash flows [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) operating activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Liabilities - related to other changes:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from operating activities:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForReconcileProfitLossAbstract" xlink:to="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US">Adjustments to reconcile profit (loss) [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForReconcileProfitLossAbstract_lbl" xml:lang="en-US">Reconciliation of net income before taxes and net cash provided by operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDepreciationExpense" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDepreciationExpense" xlink:to="ifrs-full_AdjustmentsForDepreciationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense_lbl" xml:lang="en-US">Adjustments for depreciation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDepreciationExpense_lbl" xml:lang="en-US">Depreciation of tangible assets and right-of-use assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForAmortisationExpense" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForAmortisationExpense" xlink:to="ifrs-full_AdjustmentsForAmortisationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense_lbl" xml:lang="en-US">Adjustments for amortisation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForAmortisationExpense_lbl" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Adjustments for impairment loss (reversal of impairment loss) recognised in profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Impairment losses on loans and other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRevenueExpense" xlink:label="ifrs-full_InterestRevenueExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRevenueExpense" xlink:to="ifrs-full_InterestRevenueExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRevenueExpense_lbl" xml:lang="en-US">Interest income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestRevenueExpense_lbl" xml:lang="en-US">Net interest income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDividendIncome" xlink:label="ifrs-full_AdjustmentsForDividendIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDividendIncome" xlink:to="ifrs-full_AdjustmentsForDividendIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDividendIncome_lbl" xml:lang="en-US">Adjustments for dividend income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForDividendIncome_lbl" xml:lang="en-US">Accrued dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets" xlink:to="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" xml:lang="en-US">Adjustments for losses (gains) on disposal of non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForLossesGainsOnDisposalOfNoncurrentAssets_lbl" xml:lang="en-US">Net gains on sales of non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Adjustments for gain (loss) on disposals, property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForGainLossOnDisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Gain on sale of property plant and equipment for own-use and operating lease</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties" xlink:label="aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties" xlink:to="aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Adjustments for gains (losses) on disposal of investment properties to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Adjustments For Gains (Losses) On Disposals Of Investment Properties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AdjustmentsForGainsLossesOnDisposalsOfInvestmentProperties_lbl" xml:lang="en-US">Loss on sale of investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInBiologicalAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInBiologicalAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDecreaseIncreaseInBiologicalAssets" xlink:to="ifrs-full_AdjustmentsForDecreaseIncreaseInBiologicalAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInBiologicalAssets_lbl" xml:lang="en-US">Adjustments for decrease (increase) in biological assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInBiologicalAssets_lbl" xml:lang="en-US">Gain on sale biological assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForValidationAndInterestFromConcessionAgreements" xlink:label="aval_AdjustmentsForValidationAndInterestFromConcessionAgreements" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustmentsForValidationAndInterestFromConcessionAgreements" xlink:to="aval_AdjustmentsForValidationAndInterestFromConcessionAgreements_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForValidationAndInterestFromConcessionAgreements_lbl" xml:lang="en-US">Adjustment for validation and interest from concession agreement.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForValidationAndInterestFromConcessionAgreements_lbl" xml:lang="en-US">Adjustments For Validation And Interest From Concession Agreements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustmentsForValidationAndInterestFromConcessionAgreements_lbl" xml:lang="en-US">Valuations and interest from concession agreements</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xml:lang="en-US">Adjustments for unrealised foreign exchange losses (gains)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForUnrealisedForeignExchangeLossesGains_lbl" xml:lang="en-US">Foreign exchange (gains) losses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod" xlink:to="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Adjustments for undistributed profits of investments accounted for using equity method</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForUndistributedProfitsOfInvestmentsAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Profit of equity accounted on investments in associates and joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FairValueAdjustmentsAbstract" xlink:label="aval_FairValueAdjustmentsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FairValueAdjustmentsAbstract" xlink:to="aval_FairValueAdjustmentsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FairValueAdjustmentsAbstract_lbl" xml:lang="en-US">na</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FairValueAdjustmentsAbstract_lbl" xml:lang="en-US">Fair Value adjustments [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FairValueAdjustmentsAbstract_lbl" xml:lang="en-US">Net (gains) or losses on fair value adjustments:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives" xlink:to="ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Adjustments for gains (losses) on change in fair value of derivatives</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnChangeInFairValueOfDerivatives_lbl" xml:lang="en-US">Derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForGainLossOnFairValueAdjustmentFinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="aval_AdjustmentsForGainLossOnFairValueAdjustmentFinancialAssetsAtFairValueThroughProfitOrLoss" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForGainLossOnFairValueAdjustmentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Adjustments for gains (losses) arising from a change in the fair value of financial assets measured at fair value through profit or loss to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForGainLossOnFairValueAdjustmentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Adjustments for gain loss on fair value adjustment, Financial assets at fair value through profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AdjustmentsForGainLossOnFairValueAdjustmentFinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty" xlink:to="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty_lbl" xml:lang="en-US">Adjustments for gains (losses) on fair value adjustment, investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdjustmentsForGainsLossesOnFairValueAdjustmentInvestmentProperty_lbl" xml:lang="en-US">Investment properties</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets" xlink:label="aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets" xlink:to="aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets_lbl" xml:lang="en-US">Adjustments for gains (losses) arising from a change in the fair value of biological assets to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets_lbl" xml:lang="en-US">Adjustments For Gains Losses On Fair Value Adjustment Biological Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AdjustmentsForGainsLossesOnFairValueAdjustmentBiologicalAssets_lbl" xml:lang="en-US">Biological assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:label="aval_ChangesInOperatingAssetsAndLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ChangesInOperatingAssetsAndLiabilitiesAbstract" xlink:to="aval_ChangesInOperatingAssetsAndLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ChangesInOperatingAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Changes in operating assets and liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_ChangesInOperatingAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Changes in operating assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets_lbl" xml:lang="en-US">Adjustments for decrease (increase) in derivative financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInDerivativeFinancialAssets_lbl" xml:lang="en-US">Trading assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xml:lang="en-US">Adjustments for decrease (increase) in trade accounts receivable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInTradeAccountReceivable_lbl" xml:lang="en-US">Accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForDecreaseIncreaseInDerivativeFinancialInstruments" xlink:label="aval_AdjustmentsForDecreaseIncreaseInDerivativeFinancialInstruments" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForDecreaseIncreaseInDerivativeFinancialInstruments_lbl" xml:lang="en-US">Adjustments for decrease (increase) in derivative financial instruments to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForDecreaseIncreaseInDerivativeFinancialInstruments_lbl" xml:lang="en-US">Adjustments for Decrease (Increase) in Derivative Financial Instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustmentsForDecreaseIncreaseInDerivativeFinancialInstruments_lbl" xml:lang="en-US">Derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_lbl" xml:lang="en-US">Adjustments for decrease (increase) in other assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForDecreaseIncreaseInOtherAssets_lbl" xml:lang="en-US">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForIncreaseDecreaseInOtherLiabilitiesAndProvisions" xlink:label="aval_AdjustmentsForIncreaseDecreaseInOtherLiabilitiesAndProvisions" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForIncreaseDecreaseInOtherLiabilitiesAndProvisions_lbl" xml:lang="en-US">Adjustments for increase (decrease) in other liabilities and provisions to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForIncreaseDecreaseInOtherLiabilitiesAndProvisions_lbl" xml:lang="en-US">Adjustments for increase decrease in other liabilities and provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_AdjustmentsForIncreaseDecreaseInOtherLiabilitiesAndProvisions_lbl" xml:lang="en-US">Other liabilities and provisions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForIncreaseDecreaseInEmployeeBenefits" xlink:label="aval_AdjustmentsForIncreaseDecreaseInEmployeeBenefits" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForIncreaseDecreaseInEmployeeBenefits_lbl" xml:lang="en-US">Adjustments for increase (decrease) in employee benefits to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForIncreaseDecreaseInEmployeeBenefits_lbl" xml:lang="en-US">Adjustments for increase decrease in employee benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_AdjustmentsForIncreaseDecreaseInEmployeeBenefits_lbl" xml:lang="en-US">Employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForDecreaseIncreaseInLoansAndReceivables" xlink:label="aval_AdjustmentsForDecreaseIncreaseInLoansAndReceivables" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForDecreaseIncreaseInLoansAndReceivables_lbl" xml:lang="en-US">Adjustments for decrease (increase) in loans and receivables to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForDecreaseIncreaseInLoansAndReceivables_lbl" xml:lang="en-US">Adjustments for decrease (increase) in loans and receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustmentsForDecreaseIncreaseInLoansAndReceivables_lbl" xml:lang="en-US">Loans</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_lbl" xml:lang="en-US">Adjustments for increase (decrease) in deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromCustomers_lbl" xml:lang="en-US">Customer deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks" xlink:to="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks_lbl" xml:lang="en-US">Adjustments for increase (decrease) in deposits from banks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForIncreaseDecreaseInDepositsFromBanks_lbl" xml:lang="en-US">Interbank borrowings and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers" xlink:label="aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers" xlink:to="aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Adjustments for increase (decrease) in borrowings from banks and others to reconcile profit (loss) to net cash flow from (used in) operating activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Adjustments for increase decrease in borrowings from banks and others</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_AdjustmentsForIncreaseDecreaseInBorrowingsFromBanksAndOthers_lbl" xml:lang="en-US">Borrowings from banks and others</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestReceivedClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestReceivedClassifiedAsOperatingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest received, classified as operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestReceivedClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest received</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestPaidClassifiedAsOperatingActivities" xlink:to="ifrs-full_InterestPaidClassifiedAsOperatingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid, classified as operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestPaidClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestPaidLeases" xlink:label="aval_InterestPaidLeases" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestPaidLeases" xlink:to="aval_InterestPaidLeases_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestPaidLeases_lbl" xml:lang="en-US">The amount of interest paid on lease activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestPaidLeases_lbl" xml:lang="en-US">Interest Paid, Leases</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestPaidLeases_lbl" xml:lang="en-US">Interest paid on leases</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities" xlink:to="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Income taxes paid (refund), classified as operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxesPaidRefundClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Income tax paid</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Cash flows from (used in) operating activities, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Net cash (used) provided operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInOperatingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Cash flows from (used in) operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Net cash provided by operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInOperatingActivities_lbl" xml:lang="en-US">Cash flow from operating activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) investing activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from investing activities:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of property, plant and equipment, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Acquisition of property, plant and equipment for own use and operating lease</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfInvestmentProperty" xlink:label="ifrs-full_PurchaseOfInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfInvestmentProperty" xlink:to="ifrs-full_PurchaseOfInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfInvestmentProperty_lbl" xml:lang="en-US">Purchase of investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfInvestmentProperty_lbl" xml:lang="en-US">Acquisition of investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfBiologicalAssets" xlink:label="ifrs-full_PurchaseOfBiologicalAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfBiologicalAssets" xlink:to="ifrs-full_PurchaseOfBiologicalAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfBiologicalAssets_lbl" xml:lang="en-US">Purchase of biological assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfBiologicalAssets_lbl" xml:lang="en-US">Additions of cost of biological assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities" xlink:label="aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities" xlink:to="aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Capitalization and payments to acquire concession arrangement right classified as investing activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Capitalization and Payments To Acquire Concession Arrangement Right Classified As Investing Activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CapitalizationAndPaymentsToAcquireConcessionArrangementRightClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Concession contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of intangible assets, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfIntangibleAssetsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Additions of others intangibles assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome" xlink:label="aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome" xlink:to="aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">The cash out flow for purchase of financial assets categorised under fair value through other comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Purchase of Financial Assets Categorised under Fair Value Through Other Comprehensive Income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_PurchaseOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Acquisition of investments at FVOCI</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome" xlink:label="aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome" xlink:to="aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">The cash in flow from sale or disposal of financial assets categorised under fair value through other comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Proceeds from Sale or Disposal of Financial Assets Categorised under Fair Value Through Other Comprehensive Income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ProceedsFromSaleOrDisposalOfFinancialAssetsCategorisedUnderFairValueThroughOtherComprehensiveIncome_lbl" xml:lang="en-US">Proceeds from sale of investments at FVOCI</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities" xlink:to="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Proceeds from sales of property, plant and equipment, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfPropertyPlantAndEquipmentClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Proceeds from sale of own-use property and equipment and operating lease</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfInvestmentProperty" xlink:to="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" xml:lang="en-US">Proceeds from sales of investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfInvestmentProperty_lbl" xml:lang="en-US">Proceeds from sale of investment properties</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOfBiologicalAssets" xlink:label="ifrs-full_ProceedsFromSalesOfBiologicalAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOfBiologicalAssets" xlink:to="ifrs-full_ProceedsFromSalesOfBiologicalAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOfBiologicalAssets_lbl" xml:lang="en-US">Proceeds from sales of biological assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromSalesOfBiologicalAssets_lbl" xml:lang="en-US">Proceeds from sale of biological assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations" xlink:to="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" xml:lang="en-US">Proceeds from disposal of non-current assets or disposal groups classified as held for sale and discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromDisposalOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperations_lbl" xml:lang="en-US">Proceeds from sale of non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:label="ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchase of financial instruments, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PurchaseOfFinancialInstrumentsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Purchases of financial assets at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:label="ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities" xlink:to="ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Proceeds from sales or maturity of financial instruments, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromSalesOrMaturityOfFinancialInstrumentsClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Redemptions of financial assets at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities" xlink:to="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Dividends received, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DividendsReceivedClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Dividends received from investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities" xlink:to="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Other cash payments to acquire interests in joint ventures, classified as investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherCashPaymentsToAcquireInterestsInJointVenturesClassifiedAsInvestingActivities_lbl" xml:lang="en-US">Acquisition of investments in associates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CapitalizedLeasingCost" xlink:label="aval_CapitalizedLeasingCost" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CapitalizedLeasingCost" xlink:to="aval_CapitalizedLeasingCost_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CapitalizedLeasingCost_lbl" xml:lang="en-US">Capitalized leasing cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CapitalizedLeasingCost_lbl" xml:lang="en-US">Capitalized leasing cost</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsDeconsolidationGainLossAmount" xlink:label="aval_IfrsDeconsolidationGainLossAmount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsDeconsolidationGainLossAmount" xlink:to="aval_IfrsDeconsolidationGainLossAmount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsDeconsolidationGainLossAmount_lbl" xml:lang="en-US">Amount of gain (loss) from deconsolidation of subsidiary and derecognition of group of assets constituting transfer of business or nonprofit activity, excluding conveyance of oil and gas mineral rights and transfer of good or service in contract with customer.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsDeconsolidationGainLossAmount_lbl" xml:lang="en-US">Ifrs Deconsolidation, Gain (Loss), Amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IfrsDeconsolidationGainLossAmount_lbl" xml:lang="en-US">Deconsolidation of entities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Cash flows from (used in) investing activities, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Net cash provided (used in) investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInInvestingActivities" xlink:to="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Cash flows from (used in) investing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInInvestingActivities_lbl" xml:lang="en-US">Net cash (used in) provided by investing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract" xlink:to="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from (used in) financing activities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from financing activities:</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesAbstract_lbl" xml:lang="en-US">Cash flows from financing activities:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid, classified as financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid to shareholders</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities" xlink:to="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid to non-controlling interests, classified as financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DividendsPaidToNoncontrollingInterestsClassifiedAsFinancingActivities_lbl" xml:lang="en-US">Dividends paid to non-controlling interest</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures" xlink:to="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Proceeds from issue of bonds, notes and debentures</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProceedsFromIssueOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Issuance of debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepaymentsOfBondsNotesAndDebentures" xlink:to="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Repayments of bonds, notes and debentures</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Payment of outstanding debt securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RepaymentsOfBondsNotesAndDebentures_lbl" xml:lang="en-US">Payments of bonds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashOutflowForLeases" xlink:label="ifrs-full_CashOutflowForLeases" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashOutflowForLeases" xlink:to="ifrs-full_CashOutflowForLeases_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashOutflowForLeases_lbl" xml:lang="en-US">Cash outflow for leases</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashOutflowForLeases_lbl" xml:lang="en-US">Payment of obligations under financial lease</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_CashOutflowForLeases_lbl" xml:lang="en-US">Payment of obligations under financial lease</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PaymentsForProceedsFromEquityTransactionsFinancingActivities" xlink:label="aval_PaymentsForProceedsFromEquityTransactionsFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PaymentsForProceedsFromEquityTransactionsFinancingActivities" xlink:to="aval_PaymentsForProceedsFromEquityTransactionsFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PaymentsForProceedsFromEquityTransactionsFinancingActivities_lbl" xml:lang="en-US">Payments for (proceeds from) equity transactions, financing activities</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_PaymentsForProceedsFromEquityTransactionsFinancingActivities_lbl" xml:lang="en-US">Equity transaction</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Cash flows from (used in) financing activities, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivitiesDiscontinuedOperations_lbl" xml:lang="en-US">Net cash provided (used) financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowsFromUsedInFinancingActivities" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Cash flows from (used in) financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashFlowsFromUsedInFinancingActivities_lbl" xml:lang="en-US">Net cash used in financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US">Effect of exchange rate changes on cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EffectOfExchangeRateChangesOnCashAndCashEquivalents_lbl" xml:lang="en-US">Effect of foreign currency changes on cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale" xlink:label="aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale" xlink:to="aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Cash and cash equivalents in noncurrent assets classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Cash and cash equivalents in noncurrent assets classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CashAndCashEquivalentsInNoncurrentAssetsClassifiedAsHeldForSale_lbl" xml:lang="en-US">Cash and cash equivalents from non-current assets classified as held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents" xlink:to="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US">Increase (decrease) in cash and cash equivalents after effect of exchange rate changes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US">Increase (decrease) in cash and cash equivalents from continuing operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseInCashAndCashEquivalents_lbl" xml:lang="en-US">(Decrease) increase in cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatoryAbstract" xlink:label="aval_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatoryAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfConsolidatedAndSeparateFinancialStatementsExplanatoryAbstract_lbl" xml:lang="en-US">Disclosure of consolidated and separate financial statements explanatory [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" xlink:label="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_lbl" xml:lang="en-US">Disclosure of general information about financial statements [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory_lbl" xml:lang="en-US">REPORTING ENTITY</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyAbstract" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyAbstract_lbl" xml:lang="en-US">Disclosure of voluntary change in accounting policy [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy" xlink:label="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy_lbl" xml:lang="en-US">Disclosure of voluntary change in accounting policy [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfVoluntaryChangeInAccountingPolicy_lbl" xml:lang="en-US">BASIS OF PREPARATION OF THE CONSOLIDATED FINANCIAL STATEMENTS AND SUMMARY OF MATERIAL ACCOUNTING POLICIES</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfAccountingJudgementsAndEstimatesExplanatoryAbstract" xlink:label="aval_DisclosureOfAccountingJudgementsAndEstimatesExplanatoryAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfAccountingJudgementsAndEstimatesExplanatoryAbstract_lbl" xml:lang="en-US">Disclosure of accounting judgements and estimates explanatory [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl" xml:lang="en-US">Disclosure of accounting judgements and estimates [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAccountingJudgementsAndEstimatesExplanatory_lbl" xml:lang="en-US">JUDGMENTS AND CRITICAL ACCOUNTING ESTIMATES IN APPLYING ACCOUNTING POLICIES</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRiskManagementAbstract" xlink:label="aval_DisclosureOfRiskManagementAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfRiskManagementAbstract_lbl" xml:lang="en-US">Disclosure of risk management [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRiskManagementAbstract_lbl" xml:lang="en-US">Disclosure of risk management [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRiskManagementTextBlock" xlink:label="aval_DisclosureOfRiskManagementTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfRiskManagementTextBlock_lbl" xml:lang="en-US">The disclosure of the entity's risk management practices and policies.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRiskManagementTextBlock_lbl" xml:lang="en-US">Disclosure of risk management [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfRiskManagementTextBlock_lbl" xml:lang="en-US">Disclosure of risk management [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRiskManagementCreditRiskTextBlock" xlink:label="aval_DisclosureOfRiskManagementCreditRiskTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfRiskManagementCreditRiskTextBlock_lbl" xml:lang="en-US">The disclosure of the entity's risk management practices and policies, credit risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRiskManagementCreditRiskTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, credit risk [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfRiskManagementCreditRiskTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, credit risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRiskManagementMarketRiskTextBlock" xlink:label="aval_DisclosureOfRiskManagementMarketRiskTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfRiskManagementMarketRiskTextBlock_lbl" xml:lang="en-US">The disclosure of the entity's risk management practices and policies, market risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRiskManagementMarketRiskTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, market risk [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfRiskManagementMarketRiskTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, market risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRiskManagementLiquidityRiskTextBlock" xlink:label="aval_DisclosureOfRiskManagementLiquidityRiskTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfRiskManagementLiquidityRiskTextBlock" xlink:to="aval_DisclosureOfRiskManagementLiquidityRiskTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfRiskManagementLiquidityRiskTextBlock_lbl" xml:lang="en-US">The disclosure of the entity's risk management practices and policies, liquidity risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRiskManagementLiquidityRiskTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, liquidity risk [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfRiskManagementLiquidityRiskTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, liquidity risk [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock" xlink:label="aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock" xlink:to="aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock_lbl" xml:lang="en-US">The disclosure of the entity's risk management practices and policies, regulatory capital management.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, regulatory capital management [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfRiskManagementRegulatoryCapitalManagementTextBlock_lbl" xml:lang="en-US">Disclosure of risk management, regulatory capital management [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfEstimationsOfFairValueAbstract" xlink:label="aval_DisclosureOfEstimationsOfFairValueAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfEstimationsOfFairValueAbstract_lbl" xml:lang="en-US">Disclosure of estimations of fair value [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementExplanatory" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementExplanatory_lbl" xml:lang="en-US">Disclosure of fair value measurement [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementExplanatory_lbl" xml:lang="en-US">ESTIMATION OF FAIR VALUE</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesAbstract" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Classification of financial assets and financial liabilities [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesAbstract_lbl" xml:lang="en-US">Classification of financial assets and financial liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTextBlock" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" xml:lang="en-US">The entire disclosure of classification of financial assets and liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" xml:lang="en-US">Classification Of Financial Assets And Financial Liabilities [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" xml:lang="en-US">ASSETS AND FINANCIAL LIABILITIES</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCashAndCashEquivalentsAbstract" xlink:label="aval_DisclosureOfCashAndCashEquivalentsAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfCashAndCashEquivalentsAbstract_lbl" xml:lang="en-US">Disclosure of cash and cash equivalents [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCashAndCashEquivalentsAbstract_lbl" xml:lang="en-US">Disclosure of cash and cash equivalents [abstract]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradingAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Trading assets and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsHeldForTradingExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsHeldForTradingExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInvestmentSecuritiesAbstract_lbl" xml:lang="en-US">Disclosure of investment securities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInvestmentSecuritiesTextBlock" xlink:label="aval_DisclosureOfInvestmentSecuritiesTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfInvestmentSecuritiesTextBlock_lbl" xml:lang="en-US">The entire disclosure of investment securities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInvestmentSecuritiesTextBlock_lbl" xml:lang="en-US">Disclosure Of Investment Securities [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfInvestmentSecuritiesTextBlock_lbl" xml:lang="en-US">INVESTMENT SECURITIES</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfGeneralHedgeAccountingExplanatory" xlink:label="ifrs-full_DisclosureOfGeneralHedgeAccountingExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfGeneralHedgeAccountingExplanatory_lbl" xml:lang="en-US">HEDGE ACCOUNTING</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfLoansAndReceivablesAbstract" xlink:label="aval_DisclosureOfLoansAndReceivablesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfLoansAndReceivablesAbstract_lbl" xml:lang="en-US">Disclosure of loans and receivables [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_lbl" xml:lang="en-US">Disclosure of loans and advances to customers [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfLoansAndAdvancesToCustomersExplanatory_lbl" xml:lang="en-US">LOANS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfOtherAccountsReceivablesAbstract" xlink:label="aval_DisclosureOfOtherAccountsReceivablesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfOtherAccountsReceivablesAbstract_lbl" xml:lang="en-US">Disclosure of other accounts receivables [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US">Disclosure of trade and other receivables [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTradeAndOtherReceivablesExplanatory_lbl" xml:lang="en-US">OTHER ACCOUNTS RECEIVABLE, NET</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNoncurrentAssetsHeldForSaleAbstract" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleAbstract_lbl" xml:lang="en-US">Disclosure of noncurrent assets held-for-sale [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory_lbl" xml:lang="en-US">NON-CURRENT ASSETS HELD FOR SALE</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInvestmentsInAssociatesAndJointVenturesAbstract" xlink:label="aval_DisclosureOfInvestmentsInAssociatesAndJointVenturesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInvestmentsInAssociatesAndJointVenturesAbstract_lbl" xml:lang="en-US">Disclosure of investments in associates and joint ventures [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInvestmentInAssociatesAndJointVenturesTextBlock" xlink:label="aval_DisclosureOfInvestmentInAssociatesAndJointVenturesTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfInvestmentInAssociatesAndJointVenturesTextBlock_lbl" xml:lang="en-US">The disclosure of investment in associates and joint ventures.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInvestmentInAssociatesAndJointVenturesTextBlock_lbl" xml:lang="en-US">Disclosure of investment in associates and joint ventures [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfInvestmentInAssociatesAndJointVenturesTextBlock_lbl" xml:lang="en-US">INVESTMENTS IN ASSOCIATES AND JOINT VENTURES</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInPropertyPlantAndEquipmentIncludingRightofuseAssetsAbstract" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInPropertyPlantAndEquipmentIncludingRightofuseAssetsAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">TANGIBLE ASSETS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfServiceConcessionArrangementsAbstract" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfServiceConcessionArrangementsExplanatory" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsExplanatory_lbl" xml:lang="en-US">Disclosure of service concession arrangements [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsExplanatory_lbl" xml:lang="en-US">CONCESSION ARRANGEMENTS RIGHTS</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfGoodwillExplanatory" xlink:label="ifrs-full_DisclosureOfGoodwillExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfGoodwillExplanatory_lbl" xml:lang="en-US">Disclosure of goodwill [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfGoodwillExplanatory_lbl" xml:lang="en-US">GOODWILL</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwillAbstract" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwillAbstract" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of intangible assets [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsExplanatory_lbl" xml:lang="en-US">OTHER INTANGIBLE ASSETS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfIncomeTaxAbstract" xlink:label="aval_DisclosureOfIncomeTaxAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfIncomeTaxAbstract_lbl" xml:lang="en-US">Disclosure of income tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIncomeTaxExplanatory" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory_lbl" xml:lang="en-US">Disclosure of income tax [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIncomeTaxExplanatory_lbl" xml:lang="en-US">INCOME TAX</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCustomerDepositsAbstract" xlink:label="aval_DisclosureOfCustomerDepositsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCustomerDepositsAbstract" xlink:to="aval_DisclosureOfCustomerDepositsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCustomerDepositsAbstract_lbl" xml:lang="en-US">Disclosure of customer deposits [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDepositsFromCustomersExplanatory_lbl" xml:lang="en-US">CUSTOMER DEPOSITS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDepositsFromFinancialObligationsAbstract" xlink:label="aval_DisclosureOfDepositsFromFinancialObligationsAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDepositsFromFinancialObligationsAbstract_lbl" xml:lang="en-US">Disclosure of deposits from financial obligations [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of financial liabilities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">FINANCIAL OBLIGATIONS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfLegalRelatedAndNonLegalRelatedProvisionAbstract" xlink:label="aval_DisclosureOfLegalRelatedAndNonLegalRelatedProvisionAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfLegalRelatedAndNonLegalRelatedProvisionAbstract" xlink:to="aval_DisclosureOfLegalRelatedAndNonLegalRelatedProvisionAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfLegalRelatedAndNonLegalRelatedProvisionAbstract_lbl" xml:lang="en-US">Disclosure of legal-related and non legal-related provision [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfProvisionsExplanatory" xlink:label="ifrs-full_DisclosureOfProvisionsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfProvisionsExplanatory_lbl" xml:lang="en-US">Disclosure of provisions [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfProvisionsExplanatory_lbl" xml:lang="en-US">PROVISIONS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract" xlink:to="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansAbstract_lbl" xml:lang="en-US">Disclosure of defined benefit plans [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US">Disclosure of defined benefit plans [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansExplanatory_lbl" xml:lang="en-US">EMPLOYEE BENEFITS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfAccountsPayableAndOtherLiabilitiesAbstract" xlink:label="aval_DisclosureOfAccountsPayableAndOtherLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfAccountsPayableAndOtherLiabilitiesAbstract" xlink:to="aval_DisclosureOfAccountsPayableAndOtherLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfAccountsPayableAndOtherLiabilitiesAbstract_lbl" xml:lang="en-US">Disclosure of accounts payable and other liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of other liabilities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherLiabilitiesExplanatory_lbl" xml:lang="en-US">OTHER LIABILITIES</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalAbstract_lbl" xml:lang="en-US">Disclosure of classes of share capital [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">Disclosure of share capital, reserves and other equity interest [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">EQUITY ATTRIBUTABLE TO OWNERS OF THE PARENT</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNoncontrollingInterestAbstract" xlink:label="aval_DisclosureOfNoncontrollingInterestAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNoncontrollingInterestAbstract_lbl" xml:lang="en-US">Disclosure of noncontrolling interest [Abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" xlink:label="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory_lbl" xml:lang="en-US">Disclosure of interests in subsidiaries [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInterestsInSubsidiariesExplanatory_lbl" xml:lang="en-US">NON-CONTROLLING INTEREST</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCommitmentsAndContingenciesAbstract" xlink:label="aval_DisclosureOfCommitmentsAndContingenciesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCommitmentsAndContingenciesAbstract" xlink:to="aval_DisclosureOfCommitmentsAndContingenciesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCommitmentsAndContingenciesAbstract_lbl" xml:lang="en-US">Disclosure of commitments and contingencies [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory" xlink:to="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of commitments and contingent liabilities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory_lbl" xml:lang="en-US">COMMITMENTS AND CONTINGENCIES</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeFromContractWithCustomersAbstract" xlink:label="aval_IncomeFromContractWithCustomersAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeFromContractWithCustomersAbstract" xlink:to="aval_IncomeFromContractWithCustomersAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeFromContractWithCustomersAbstract_lbl" xml:lang="en-US">Income from contract with customers [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:label="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory" xlink:to="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_lbl" xml:lang="en-US">Disclosure of revenue from contracts with customers [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfRevenueFromContractsWithCustomersExplanatory_lbl" xml:lang="en-US">NET INCOME FROM CONTRACTS WITH CUSTOMERS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNetTradingIncomeAbstract" xlink:label="aval_DisclosureOfNetTradingIncomeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNetTradingIncomeAbstract" xlink:to="aval_DisclosureOfNetTradingIncomeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNetTradingIncomeAbstract_lbl" xml:lang="en-US">Disclosure of net trading income [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory_lbl" xml:lang="en-US">Disclosure of trading income (expense) [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTradingIncomeExpenseExplanatory_lbl" xml:lang="en-US">NET TRADING INCOME (LOSS)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfOtherIncomeAndExpenseAbstract" xlink:label="aval_DisclosureOfOtherIncomeAndExpenseAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfOtherIncomeAndExpenseAbstract" xlink:to="aval_DisclosureOfOtherIncomeAndExpenseAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfOtherIncomeAndExpenseAbstract_lbl" xml:lang="en-US">Disclosure of other income and expense [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory" xlink:to="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" xml:lang="en-US">Disclosure of other operating income (expense) [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherOperatingIncomeExpenseExplanatory_lbl" xml:lang="en-US">OTHER INCOME AND EXPENSE</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsAbstract" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsAbstract_lbl" xml:lang="en-US">Disclosure of operating segments [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsExplanatory" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US">Disclosure of operating segments [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsExplanatory_lbl" xml:lang="en-US">ANALYSIS OF OPERATING SEGMENTS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesAbstract_lbl" xml:lang="en-US">Disclosure of unconsolidated structured entities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesExplanatory" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesExplanatory_lbl" xml:lang="en-US">Disclosure of unconsolidated structured entities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesExplanatory_lbl" xml:lang="en-US">UNCONSOLIDATED STRUCTURED ENTITIES</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfTransfersOfFinancialAssetsAbstract" xlink:label="aval_DisclosureOfTransfersOfFinancialAssetsAbstract" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfSignificantEventsTextBlock_lbl" xml:lang="en-US">SIGNIFICANT EVENTS</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEventsAfterReportingPeriodExplanatory_lbl" xml:lang="en-US">SUBSEQUENT EVENTS</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory_lbl" xml:lang="en-US">Description of accounting policy for functional currency [text block]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory_lbl" xml:lang="en-US">Description of accounting policy for foreign currency translation [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DescriptionOfAccountingPolicyForOperatingSegmentsPolicyTextBlock" xlink:label="aval_DescriptionOfAccountingPolicyForOperatingSegmentsPolicyTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DescriptionOfAccountingPolicyForOperatingSegmentsPolicyTextBlock_lbl" xml:lang="en-US">The entire explanation relating to changes in operating segments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DescriptionOfAccountingPolicyForOperatingSegmentsPolicyTextBlock_lbl" xml:lang="en-US">Description of Accounting Policy for Operating segments [Policy Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DescriptionOfAccountingPolicyForOperatingSegmentsPolicyTextBlock_lbl" xml:lang="en-US">Description of Accounting Policy for Operating segments [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DescriptionOfAccountingPolicyForFinancialAssetsAndFinancialLiabilitiesPolicyTextBlock" xlink:label="aval_DescriptionOfAccountingPolicyForFinancialAssetsAndFinancialLiabilitiesPolicyTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DescriptionOfAccountingPolicyForFinancialAssetsAndFinancialLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US">The entire description of financial assets and financial liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DescriptionOfAccountingPolicyForFinancialAssetsAndFinancialLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US">Description of Accounting Policy For Financial Assets and Financial Liabilities [Policy Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DescriptionOfAccountingPolicyForFinancialAssetsAndFinancialLiabilitiesPolicyTextBlock_lbl" xml:lang="en-US">Description of Accounting Policy For Financial Assets and Financial Liabilities [Policy Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for restricted cash and cash equivalents [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRestrictedCashAndCashEquivalentsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for restricted cash and cash equivalents [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DescriptionOfAccountingPolicyForTradingAssetsAndLiabilitiesTextBlock" xlink:label="aval_DescriptionOfAccountingPolicyForTradingAssetsAndLiabilitiesTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DescriptionOfAccountingPolicyForTradingAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for trading assets and liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DescriptionOfAccountingPolicyForTradingAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Description Of Accounting Policy For Trading Assets And Liabilities [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DescriptionOfAccountingPolicyForTradingAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Description Of Accounting Policy For Trading Assets And Liabilities [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" xml:lang="en-US">Description of accounting policy for derivative financial instruments and hedging [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory_lbl" xml:lang="en-US">Description of accounting policy for derivative financial instruments and hedging [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DescriptionOfAccountingPolicyForLoansPolicyTextBlock" xlink:label="aval_DescriptionOfAccountingPolicyForLoansPolicyTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DescriptionOfAccountingPolicyForLoansPolicyTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy for loans.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DescriptionOfAccountingPolicyForLoansPolicyTextBlock_lbl" xml:lang="en-US">Description of accounting policy for loans [policy text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for investment in associates and joint ventures [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentInAssociatesAndJointVenturesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for investment in associates and joint ventures [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for financial liabilities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for financial liabilities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for financial guarantees [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForFinancialGuaranteesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for financial guarantees [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for non-current assets or disposal groups classified as held for sale and discontinued operations [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory_lbl" xml:lang="en-US">Description of accounting policy for property, plant and equipment [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory_lbl" xml:lang="en-US">Description of accounting policy for investment property [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory_lbl" xml:lang="en-US">Description of accounting policy for investment property [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for leases [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForLeasesExplanatory_lbl" xml:lang="en-US">Description of accounting policy for leases [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for biological assets [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBiologicalAssetsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for biological assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_lbl" xml:lang="en-US">Description of accounting policy for business combinations and goodwill [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBusinessCombinationsAndGoodwillExplanatory_lbl" xml:lang="en-US">Description of accounting policy for business combinations and goodwill [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US">Description of accounting policy for intangible assets other than goodwill [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory_lbl" xml:lang="en-US">Description of accounting policy for intangible assets other than goodwill [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for service concession arrangements [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForServiceConcessionArrangementsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for service concession arrangements [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForImpairmentOfNonfinancialAssetsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for impairment of non-financial assets [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for employee benefits [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US">Description of accounting policy for income tax [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForIncomeTaxExplanatory_lbl" xml:lang="en-US">Description of accounting policy for income tax [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for borrowing costs [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForBorrowingCostsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for borrowing costs [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for provisions [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForProvisionsExplanatory_lbl" xml:lang="en-US">Description of accounting policy for provisions [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock" xlink:label="aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock" xlink:to="aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock_lbl" xml:lang="en-US">The description of the entity's accounting policy related to non-voting rights of preferred shares.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Accounting Policy For Nonvoting Rights Of Preferred Shares Explanatory [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfAccountingPolicyForNonvotingRightsOfPreferredSharesExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Accounting Policy For Nonvoting Rights Of Preferred Shares Explanatory [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_lbl" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForRecognitionOfRevenue_lbl" xml:lang="en-US">Description of accounting policy for recognition of revenue [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory" xlink:to="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" xml:lang="en-US">Description of accounting policy for earnings per share [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfAccountingPolicyForEarningsPerShareExplanatory_lbl" xml:lang="en-US">Description of accounting policy for earnings per share [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations" xlink:to="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_lbl" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations_lbl" xml:lang="en-US">Disclosure of expected impact of initial application of new standards or interpretations [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesTable_lbl" xml:lang="en-US">Disclosure of subsidiaries [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesAxis" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesAxis_lbl" xml:lang="en-US">Subsidiaries [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInSubsidiariesDomain" xlink:to="ifrs-full_SignificantInvestmentsInSubsidiariesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInSubsidiariesDomain_lbl" xml:lang="en-US">Subsidiaries [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeBogotaSaMember" xlink:label="aval_BancoDeBogotaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeBogotaSaMember" xlink:to="aval_BancoDeBogotaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeBogotaSaMember_lbl" xml:lang="en-US">Banco de Bogota S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BancoDeBogotaSaMember_lbl" xml:lang="en-US">Banco de Bogota S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeOccidenteSaMember" xlink:label="aval_BancoDeOccidenteSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeOccidenteSaMember" xlink:to="aval_BancoDeOccidenteSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeOccidenteSaMember_lbl" xml:lang="en-US">Banco de Occidente S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoPopularSAMember" xlink:label="aval_BancoPopularSAMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoPopularSAMember" xlink:to="aval_BancoPopularSAMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoPopularSAMember_lbl" xml:lang="en-US">This member stands for Banco Popular.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoPopularSAMember_lbl" xml:lang="en-US">Banco Popular S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CorporacionFinancieraColombianaSaMember" xlink:label="aval_CorporacionFinancieraColombianaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CorporacionFinancieraColombianaSaMember" xlink:to="aval_CorporacionFinancieraColombianaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CorporacionFinancieraColombianaSaMember_lbl" xml:lang="en-US">Corporacion Financiera Colombiana S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember" xlink:label="aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember" xlink:to="aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember_lbl" xml:lang="en-US">Sociedad Administradora de Fondos de Pensiones, Cesantias y del CCAI Porvenir S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember_lbl" xml:lang="en-US">Sociedad Administradora de Fondos de Pensiones, Cesantias y del CCAI Porvenir SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SociedadAdministradoraDeFondosDePensionesCesantiasYDelCcaiPorvenirSaMember_lbl" xml:lang="en-US">Sociedad Administradora de Fondos de Pensiones, Cesantias y del CCAI Porvenir S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_lbl" xml:lang="en-US">Disclosure of subsidiaries [line items]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInSubsidiariesLineItems_lbl" xml:lang="en-US">SIGNIFICANT EVENTS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory" xlink:label="ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory_lbl" xml:lang="en-US">Disclosure of information about consolidated structured entities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInformationAboutConsolidatedStructuredEntitiesExplanatory_lbl" xml:lang="en-US">Schedule of details of significant subsidiaries which are indirectly consolidated by Grupo Aval</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information of useful lives and depreciation rates of property plant and equipments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information Of Useful Lives And Depreciation Rates Of Property Plant And Equipment [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOfUsefulLivesAndDepreciationRatesOfPropertyPlantAndEquipmentTextBlock_lbl" xml:lang="en-US">Schedule of estimated on a straight-line basis during the estimated useful life of the asset</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory_lbl" xml:lang="en-US">Disclosure of intangible assets with indefinite useful life [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsWithIndefiniteUsefulLifeExplanatory_lbl" xml:lang="en-US">Disclosure of intangible assets with indefinite useful life [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsTable" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsTable_lbl" xml:lang="en-US">Disclosure of detailed information about financial instruments [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfAssetsAxis" xlink:label="ifrs-full_ClassesOfAssetsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsAxis" xlink:to="ifrs-full_ClassesOfAssetsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsAxis_lbl" xml:lang="en-US">Classes of assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfAssetsDomain" xlink:label="ifrs-full_ClassesOfAssetsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfAssetsDomain" xlink:to="ifrs-full_ClassesOfAssetsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfAssetsDomain_lbl" xml:lang="en-US">Classes of assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtSecuritiesMember" xlink:label="ifrs-full_DebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtSecuritiesMember" xlink:to="ifrs-full_DebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtSecuritiesMember_lbl" xml:lang="en-US">Debt securities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtSecuritiesMember_lbl" xml:lang="en-US">Debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativesMember" xlink:label="ifrs-full_DerivativesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativesMember" xlink:to="ifrs-full_DerivativesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US">Derivatives [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DerivativesMember_lbl" xml:lang="en-US">Derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsAxis" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsAxis" xlink:to="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Classes of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialAssetsDomain" xlink:label="ifrs-full_ClassesOfFinancialAssetsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialAssetsDomain" xlink:to="ifrs-full_ClassesOfFinancialAssetsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialAssetsDomain_lbl" xml:lang="en-US">Classes of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCostMember" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostMember_lbl" xml:lang="en-US">Financial assets at amortised cost, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoanPortfolioMember" xlink:label="aval_LoanPortfolioMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoanPortfolioMember" xlink:to="aval_LoanPortfolioMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoanPortfolioMember_lbl" xml:lang="en-US">Loan portfolio [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoanPortfolioMember_lbl" xml:lang="en-US">Loan portfolio [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoanPortfolioMember_lbl" xml:lang="en-US">Loan portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CorporateLoansMember" xlink:label="ifrs-full_CorporateLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CorporateLoansMember" xlink:to="ifrs-full_CorporateLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CorporateLoansMember_lbl" xml:lang="en-US">Loans to corporate entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommercialLendingPortfolioMember" xlink:label="aval_CommercialLendingPortfolioMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommercialLendingPortfolioMember" xlink:to="aval_CommercialLendingPortfolioMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommercialLendingPortfolioMember_lbl" xml:lang="en-US">Commercial lending portfolio [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommercialLendingPortfolioMember_lbl" xml:lang="en-US">Commercial lending portfolio [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommercialLendingPortfolioMember_lbl" xml:lang="en-US">Commercial</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterbankAndOvernightFundsMember" xlink:label="aval_InterbankAndOvernightFundsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterbankAndOvernightFundsMember" xlink:to="aval_InterbankAndOvernightFundsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterbankAndOvernightFundsMember_lbl" xml:lang="en-US">Interbank and overnight funds [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterbankAndOvernightFundsMember_lbl" xml:lang="en-US">Interbank and overnight funds [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterbankAndOvernightFundsMember_lbl" xml:lang="en-US">Interbank and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConsumerLoansMember" xlink:label="ifrs-full_ConsumerLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConsumerLoansMember" xlink:to="ifrs-full_ConsumerLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConsumerLoansMember_lbl" xml:lang="en-US">Loans to consumers [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ConsumerLoansMember_lbl" xml:lang="en-US">Consumer</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MortgagesMember" xlink:label="ifrs-full_MortgagesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MortgagesMember" xlink:to="ifrs-full_MortgagesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US">Mortgages [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US">Mortgages</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MortgagesMember_lbl" xml:lang="en-US">Mortgage</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MicrocreditMember" xlink:label="aval_MicrocreditMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MicrocreditMember" xlink:to="aval_MicrocreditMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MicrocreditMember_lbl" xml:lang="en-US">Microcredit [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MicrocreditMember_lbl" xml:lang="en-US">Microcredit [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MicrocreditMember_lbl" xml:lang="en-US">Microcredit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableAtAmortizedCostMember" xlink:label="aval_OtherAccountsReceivableAtAmortizedCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableAtAmortizedCostMember" xlink:to="aval_OtherAccountsReceivableAtAmortizedCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableAtAmortizedCostMember_lbl" xml:lang="en-US">Other accounts receivable at amortized cost [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableAtAmortizedCostMember_lbl" xml:lang="en-US">Other accounts receivable at amortized cost [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachMember_lbl" xml:lang="en-US">Other accounts receivable, general approach [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachMember_lbl" xml:lang="en-US">Other accounts receivable, general approach</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableSimplifiedApproachMember" xlink:label="aval_OtherAccountsReceivableSimplifiedApproachMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableSimplifiedApproachMember" xlink:to="aval_OtherAccountsReceivableSimplifiedApproachMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableSimplifiedApproachMember_lbl" xml:lang="en-US">Other accounts receivable, simplified approach [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableSimplifiedApproachMember_lbl" xml:lang="en-US">Other accounts receivable, simplified approach</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueMember_lbl" xml:lang="en-US">Financial assets at fair value, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember" xlink:to="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsAxis" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsAxis_lbl" xml:lang="en-US">Classes of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialInstrumentsDomain" xlink:to="ifrs-full_ClassesOfFinancialInstrumentsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialInstrumentsDomain_lbl" xml:lang="en-US">Classes of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoanCommitmentsAndFinancialGuaranteeContractsMember" xlink:label="aval_LoanCommitmentsAndFinancialGuaranteeContractsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoanCommitmentsAndFinancialGuaranteeContractsMember" xlink:to="aval_LoanCommitmentsAndFinancialGuaranteeContractsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoanCommitmentsAndFinancialGuaranteeContractsMember_lbl" xml:lang="en-US">Loan commitments and financial guarantee contracts [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoanCommitmentsAndFinancialGuaranteeContractsMember_lbl" xml:lang="en-US">Loan commitments and financial guarantee contracts [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsAxis" xlink:to="ifrs-full_CategoriesOfFinancialAssetsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialAssetsAxis_lbl" xml:lang="en-US">Categories of financial assets [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:label="ifrs-full_CategoriesOfFinancialAssetsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialAssetsDomain" xlink:to="ifrs-full_CategoriesOfFinancialAssetsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialAssetsDomain_lbl" xml:lang="en-US">Categories of financial assets [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member" xlink:to="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading, category, International Financial Reporting Standards 9 [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, classified as held for trading, category, International Financial Reporting Standards 9 [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryInternationalFinancialReportingStandards9Member_lbl" xml:lang="en-US">Held for trading</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, mandatorily measured at fair value, category [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss, mandatorily measured at fair value, category</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Financial assets at amortised cost, category [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Financial assets at amortised cost, category</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" xml:lang="en-US">Financial assets at fair value through other comprehensive income, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember" xlink:to="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeCategoryMember_lbl" xml:lang="en-US">Financial assets measured at fair value through other comprehensive income, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoCommercialAvVillasSMember" xlink:label="aval_BancoCommercialAvVillasSMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoCommercialAvVillasSMember" xlink:to="aval_BancoCommercialAvVillasSMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoCommercialAvVillasSMember_lbl" xml:lang="en-US">Banco Commercial Av Villas S A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoCommercialAvVillasSMember_lbl" xml:lang="en-US">Banco Comercial AV Villas S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_BancoCommercialAvVillasSMember_lbl" xml:lang="en-US">Banco AV Villas S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CorficolombianaSaMember" xlink:label="aval_CorficolombianaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CorficolombianaSaMember" xlink:to="aval_CorficolombianaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CorficolombianaSaMember_lbl" xml:lang="en-US">Corficolombiana S.A</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasAxis" xlink:label="ifrs-full_GeographicalAreasAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasAxis" xlink:to="ifrs-full_GeographicalAreasAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasAxis_lbl" xml:lang="en-US">Geographical areas [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeographicalAreasDomain" xlink:label="ifrs-full_GeographicalAreasDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeographicalAreasDomain" xlink:to="ifrs-full_GeographicalAreasDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeographicalAreasDomain_lbl" xml:lang="en-US">Geographical areas [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CO" xlink:label="country_CO" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CO" xlink:to="country_CO_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CO_lbl" xml:lang="en-US">COLOMBIA</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PA" xlink:label="country_PA" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PA" xlink:to="country_PA_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PA_lbl" xml:lang="en-US">PANAMA</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialInstrumentsLineItems" xlink:to="ifrs-full_DisclosureOfFinancialInstrumentsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialInstrumentsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about financial instruments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCreditRiskExposureExplanatory" xlink:to="ifrs-full_DisclosureOfCreditRiskExposureExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureExplanatory_lbl" xml:lang="en-US">Disclosure of credit risk exposure [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureExplanatory_lbl" xml:lang="en-US">Disclosure of credit risk exposure</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsExplanatory" xlink:to="ifrs-full_DisclosureOfFinancialAssetsExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of financial assets [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfFinancialAssetsExplanatory_lbl" xml:lang="en-US">Disclosure of financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCreditRiskCategoriesTableTextBlock" xlink:label="aval_DisclosureOfCreditRiskCategoriesTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCreditRiskCategoriesTableTextBlock" xlink:to="aval_DisclosureOfCreditRiskCategoriesTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfCreditRiskCategoriesTableTextBlock_lbl" xml:lang="en-US">The description of each credit risk category.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCreditRiskCategoriesTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Credit Risk Categories [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfCreditRiskCategoriesTableTextBlock_lbl" xml:lang="en-US">Disclosure of each credit risk category</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:label="ifrs-full_DisclosureOfCreditRiskExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCreditRiskExplanatory" xlink:to="ifrs-full_DisclosureOfCreditRiskExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCreditRiskExplanatory_lbl" xml:lang="en-US">Disclosure of credit risk [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCreditRiskExplanatory_lbl" xml:lang="en-US">Disclosure of credit quality of financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock_lbl" xml:lang="en-US">The detailed information about the credit worthiness of the entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed information on Credit Worthiness [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOnCreditWorthinessTextBlock_lbl" xml:lang="en-US">Disclosure of credit worthiness</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfOtherReceivablesTableTextBlock" xlink:label="aval_DisclosureOfOtherReceivablesTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfOtherReceivablesTableTextBlock" xlink:to="aval_DisclosureOfOtherReceivablesTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfOtherReceivablesTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of other receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfOtherReceivablesTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Other Receivables [Table Text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfOtherReceivablesTableTextBlock_lbl" xml:lang="en-US">Disclosure of other receivables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock" xlink:label="aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock" xlink:to="aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of segmentation of accounts receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Segmentation Of Accounts Receivable [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfSegmentationOfAccountsReceivableTableTextBlock_lbl" xml:lang="en-US">Disclosure of exposure to credit risk by segment for accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock" xlink:label="aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock" xlink:to="aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of exposure to credit risk and ECLs for other accounts receivables and contract assets for corporate customers.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Exposure To Credit Risk And ECLs For Other Accounts Receivables And Contract Assets For Corporate Customers [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfExposureToCreditRiskAndEclsForOtherAccountsReceivablesAndContractAssetsForCorporateCustomersTableTextBlock_lbl" xml:lang="en-US">Disclosure of information about the exposure to credit risk and ECLs for other accounts receivables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock" xlink:label="aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock" xlink:to="aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock_lbl" xml:lang="en-US">The information about financial assets and liabilities exposed to trading risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock_lbl" xml:lang="en-US">Disclosure of assets and liabilities exposed to trading risk [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfAssetsAndLiabilitiesExposedToTradingRiskTextBlock_lbl" xml:lang="en-US">Disclosure of credit rating in trading derivatives and hedge derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock" xlink:label="aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock" xlink:to="aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock_lbl" xml:lang="en-US">The disclosure of loans and advances by range of loan-to-value ratio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Loans And Advances By Range Of Loan To Value Ratio Table Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfLoansAndAdvancesByRangeOfLoanToValueRatioTableTextBlock_lbl" xml:lang="en-US">Disclosure of mortgage loans and advances by range of lone-to-value (LTV) ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock_lbl" xml:lang="en-US">The detailed information about the credit portfolio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information on Credit Portfolio [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioTextBlock_lbl" xml:lang="en-US">Disclosure of credit portfolio per type of guarantees received</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock" xlink:label="aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock" xlink:to="aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure for macroeconomic variables used in the expected credit loss calculation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock_lbl" xml:lang="en-US">Disclosure of Macroeconomic Variables used Expected Credit Loss Calculation [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfMacroeconomicVariablesUsedExpectedCreditLossCalculationTableTextBlock_lbl" xml:lang="en-US">Disclosure of macroeconomic variables used expected credit loss calculation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock" xlink:label="aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock" xlink:to="aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock_lbl" xml:lang="en-US">The disclosure of economic scenario for key indicators of credit risk and credit losses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock_lbl" xml:lang="en-US">Disclosure of Economic Scenario for Key Indicators of Credit Risk and Credit Losses [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfEconomicScenarioForKeyIndicatorsOfCreditRiskAndCreditLossesTableTextBlock_lbl" xml:lang="en-US">Disclosure of economic scenario for key indicators of credit risk</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock" xlink:label="aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock" xlink:to="aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock_lbl" xml:lang="en-US">The disclosure of scenario of probability weighting in measuring Expected Credit Losses (ECL).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Scenario Of Probability Of Weighting In Measuring Expected Credit Losses [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfScenarioOfProbabilityOfWeightingInMeasuringExpectedCreditLossesTableTextBlock_lbl" xml:lang="en-US">Disclosure of scenario probability weightings applied in measuring ECL</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about reconciliation of changes in allowance account for credit losses of financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about reconciliation of changes in allowance account for credit losses of financial assets [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfChangesInAllowanceAccountForCreditLossesOfFinancialAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of loss allowance on loans assuming each forward-looking scenario</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock" xlink:label="aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock" xlink:to="aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock_lbl" xml:lang="en-US">The disclosure of credit risk monitoring data.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Credit Risk Monitoring Data [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfCreditRiskMonitoringDataTableTextBlock_lbl" xml:lang="en-US">Disclosure of each exposure to a credit risk grade</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:label="ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory" xlink:to="ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory_lbl" xml:lang="en-US">Disclosure of allowance for credit losses [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAllowanceForCreditLossesExplanatory_lbl" xml:lang="en-US">Disclosure of loss allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock" xlink:label="aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock" xlink:to="aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of impairment loss of portfolio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock_lbl" xml:lang="en-US">Disclosure of impairment loss of portfolio [table text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfImpairmentLossOfPortfolioTableTextBlock_lbl" xml:lang="en-US">Disclosure of impairment losses per portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about portfolio of loans assessed individually for impairment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about portfolio of loans assessed individually for impairment [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutPortfolioOfLoansAssessedIndividuallyForImpairmentTextBlock_lbl" xml:lang="en-US">Disclosure of loans stage 3 individually assessed for ECL the gross amount and loss allowance balances</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock" xlink:label="aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock" xlink:to="aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of reconciliation of loss allowance.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock_lbl" xml:lang="en-US">Disclosure of Reconciliation of Loss Allowance [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfReconciliationOfLossAllowanceTableTextBlock_lbl" xml:lang="en-US">Disclosure of reconciliations of loan allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock" xlink:label="aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock" xlink:to="aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of changes in the gross carrying amount of the loan portfolio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock_lbl" xml:lang="en-US">Disclosure of Changes in Gross Carrying Amount [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfChangesInGrossCarryingAmountTableTextBlock_lbl" xml:lang="en-US">Disclosure of reconciliations of gross carrying amount</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock_lbl" xml:lang="en-US">The detailed information about the credit portfolio across the different regions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information on Credit Portfolio by Economic Sector [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByEconomicSectorTextBlock_lbl" xml:lang="en-US">Disclosure of credit portfolio distribution by economic sector</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock_lbl" xml:lang="en-US">The detailed information about the credit portfolio across the different regions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information on Credit Portfolio by Geographical Area [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByGeographicalAreaTextBlock_lbl" xml:lang="en-US">Disclosure of credit risk at the level in the different geographic areas</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about classification of loan portfolio by type of currency.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about classification of loan portfolio by type of currency [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutClassificationOfLoanPortfolioByTypeOfCurrencyTextBlock_lbl" xml:lang="en-US">Disclosure of classification of loan portfolio by type of currency</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure about investment in debt securities by sector.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information about Investment in Debt Securities by Sector [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySectorTableTextBlock_lbl" xml:lang="en-US">Disclosure of balance of financial assets in investments debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of investment in debt securities by location.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information about Investment in Debt Securities by Location [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesByLocationTableTextBlock_lbl" xml:lang="en-US">Disclosure of investments in debt securities by location</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of investment in debt securities by sovereign risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information about Investment in Debt Securities by Sovereign Risk [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentInDebtSecuritiesBySovereignRiskTableTextBlock_lbl" xml:lang="en-US">Disclosure of detail of sovereign debt portfolio issued by Central Governments per country</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock_lbl" xml:lang="en-US">The detailed information about the credit portfolio which are restructured.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information on credit portfolio by restructuring [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOnCreditPortfolioByRestructuringTextBlock_lbl" xml:lang="en-US">Disclosure of balance of restructured loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock" xlink:to="aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock_lbl" xml:lang="en-US">The detailed information about foreclosed assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information on Foreclosed Assets [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationOnForeclosedAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of total of foreclosed assets received and sold</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about commitments in unused lines of credit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Commitments In Unused Lines Of Credit [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutCommitmentsInUnusedLinesOfCreditTextBlock_lbl" xml:lang="en-US">Disclosure of detail of the guarantees, letters of credit and credit commitments on non-used credit lines</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about credit commitments by currency.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Credit Commitments By Currency [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutCreditCommitmentsByCurrencyTextBlock_lbl" xml:lang="en-US">Disclosure of guarantees, letters of credit and credit commitments on non-used credit lines</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about offsetting of financial assets and financial liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about offsetting of financial assets and financial liabilities [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutOffsettingOfFinancialAssetsAndFinancialLiabilitiesTextBlock_lbl" xml:lang="en-US">Disclosure of detail of the credit commitments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock" xlink:label="aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock" xlink:to="aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of information relating to break down of financial assets and liabilities exposed to trading risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock_lbl" xml:lang="en-US">Disclosure of Break Down of Financial Assets and Liabilities Exposed to Trading Risk [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfBreakDownOfFinancialAssetsAndLiabilitiesExposedToTradingRiskTableTextBlock_lbl" xml:lang="en-US">Disclosure of breakdown of financial assets and liabilities exposed to trading risk held</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock_lbl" xml:lang="en-US">The detailed information on risk associated with the financial subsidiaries.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information about Financial Subsidiaries Risk [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskTextBlock_lbl" xml:lang="en-US">Disclosure of market value-at-risk (VaR) for subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock_lbl" xml:lang="en-US">The detailed information on various risks associated with the financial subsidiaries.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information about Financial Subsidiaries Risk by Type [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialSubsidiariesRiskByTypeTextBlock_lbl" xml:lang="en-US">Disclosure of VaR calculation relating to each of the risk factors</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">The detailed information about assets and liabilities held in foreign currencies.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information about Foreign Currency Assets and Liabilities [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutForeignCurrencyAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Disclosure of foreign currency assets and liabilities are in U.S. dollars and foreign currencies</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock" xlink:label="aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock" xlink:to="aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of information about sensitivity analysis of foreign exchange effect.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Sensitivity Analysis Of Foreign Exchange Effect [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfSensitivityAnalysisOfForeignExchangeEffectTableTextBlock_lbl" xml:lang="en-US">Disclosure of sensitivities of profit or loss before taxes and equity (OCI) to reasonably possible changes in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock" xlink:label="aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock" xlink:to="aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of the results of Delta Economic Value of Equity (EVE) and Net Interest Margin measurements (NIM).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock_lbl" xml:lang="en-US">Schedule Of Results Of Delta Economic Value of Equity And Net Interest Margin Measurements [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ScheduleOfResultsOfDeltaEconomicValueOfEquityAndNetInterestMarginMeasurementsTableTextBlock_lbl" xml:lang="en-US">Schedule of results of delta economic value of equity and net interest margin measurements</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock" xlink:label="aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock" xlink:to="aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock_lbl" xml:lang="en-US">The disclosure to measure the impact on Net interest margin and economic value of equity under regulatory scenarios.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Impact On Net Interest Margin And Economic Value Of Equity Under Regulatory Scenarios Explanatory [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfImpactOnNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryScenariosExplanatoryTableTextBlock_lbl" xml:lang="en-US">Disclosure of results of NIM and EVE Shocks</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock" xlink:label="aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock" xlink:to="aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">The detailed disclosure about the interest rate risk on various assets and liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Schedule of Interest Rate Risk on Assets and Liabilities [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ScheduleOfInterestRateRiskOnAssetsAndLiabilitiesTextBlock_lbl" xml:lang="en-US">Disclosure of interest rates exposure for assets and liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock" xlink:label="aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock" xlink:to="aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock_lbl" xml:lang="en-US">The tabular disclosure of breakdown of interest bearing assets and liabilities, by interest rate type and by maturity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock_lbl" xml:lang="en-US">Disclosure of Breakdown of Interest Bearing Assets and Liabilities, by Interest Rate Type and Maturity [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfBreakdownOfInterestBearingAssetsAndLiabilitiesByInterestRateTypeAndMaturityTableTextBlock_lbl" xml:lang="en-US">Disclosure of breakdown of non-interest-bearing and interest-bearing assets and liabilities by interest rate type and by maturity</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutBreakdownByTimeBandsOfLiquidAssetsAndLiquidityRiskIndicatorTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutBreakdownByTimeBandsOfLiquidAssetsAndLiquidityRiskIndicatorTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutBreakdownByTimeBandsOfLiquidAssetsAndLiquidityRiskIndicatorTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutBreakdownByTimeBandsOfLiquidAssetsAndLiquidityRiskIndicatorTextBlock_lbl" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutBreakdownByTimeBandsOfLiquidAssetsAndLiquidityRiskIndicatorTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about the breakdown by time bands of the Liquid Assets and the Liquidity Risk Indicator [Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfLiquidityRequirementTableTextBlock_lbl" xml:lang="en-US">Disclosure of IRL ratio amounts</link:label>
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutBreakdownByContractualUndiscountedCashFlowsOfFinancialAssetsAndLiabilitiesIncludingProjectedContractualInterestReceivableAndPayableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutBreakdownByContractualUndiscountedCashFlowsOfFinancialAssetsAndLiabilitiesIncludingProjectedContractualInterestReceivableAndPayableTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutCalculationOfMinimumRegulatoryCapitalTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutCalculationOfMinimumRegulatoryCapitalTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutCalculationOfMinimumRegulatoryCapitalTableTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about the calculation of the minimum regulatory capital.</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesRecurringBasisTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of the fair value measurement of assets and liabilities measured on a recurring basis.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesRecurringBasisTableTextBlock_lbl" xml:lang="en-US">Disclosure of fair value measurement of assets and liabilities, recurring basis [table text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock" xlink:label="aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock" xlink:to="aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of trading assets in debt securities pledged as collateral.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Trading Assets In Debt Securities Pledged As Collateral [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfTradingAssetsInDebtSecuritiesPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US">Trading assets in debt securities pledged as collateral</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock" xlink:label="aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock" xlink:to="aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of Investment in debt at FVOCI securities pledged as collateral.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US">Investment in Debt At FVOCI Securities Pledged As Collateral [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentInDebtAtFvociSecuritiesPledgedAsCollateralTableTextBlock_lbl" xml:lang="en-US">Investment in debt at FVOCI securities pledged as collateral</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesNonrecurringBasisTableTextBlock" xlink:label="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesNonrecurringBasisTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesNonrecurringBasisTableTextBlock" xlink:to="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesNonrecurringBasisTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesNonrecurringBasisTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of the fair value measurement of assets and liabilities measured on a nonrecurring basis.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfFairValueMeasurementOfAssetsAndLiabilitiesNonrecurringBasisTableTextBlock_lbl" xml:lang="en-US">Disclosure of fair value measurement of assets and liabilities, nonrecurring basis [table text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvociTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvociTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvociTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about sensitivity analysis of changes on assumptions related to investments classified as equity instruments at FVOCI.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvociTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information About Sensitivity Analysis of Changes on Assumptions Related to Investments Classified as Equity Instruments at FVOCI [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvtplTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvtplTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvtplTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about sensitivity analysis of changes on assumptions related to investments classified as equity instruments at FVTPL.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfChangesOnAssumptionsRelatedToInvestmentsClassifiedAsEquityInstrumentsAtFvtplTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information About Sensitivity Analysis of Changes on Assumptions Related to Investments Classified as Equity Instruments at FVTPL [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsExplanatory_lbl" xml:lang="en-US">Schedule of table includes a sensitivity analysis of main equity securities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfAssumptionsTransferRightsOfGasPipelinesToGovernmentEntitiesTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutSensitivityAnalysisOfAssumptionsTransferRightsOfGasPipelinesToGovernmentEntitiesTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutTransferOfFairValueBetweenLevel1And2TextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutTransferOfFairValueBetweenLevel1And2TextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutTransferOfFairValueBetweenLevel1And2TextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about transfer of fair value between level 1 and 2.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutTransferOfFairValueBetweenLevel1And2TextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about transfer of fair value between level 1 and 2 [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutTransferOfFairValueBetweenLevel1And2TextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about transfer of fair value between level 1 and 2</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutChangesInLevel3FairvalueCategory" xlink:label="aval_DisclosureOfDetailedInformationAboutChangesInLevel3FairvalueCategory" />
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutFinancialAssetsAndLiabilitiesAccountedAtAmortizedCostAndValuedAtFairValueOnlyForPurposesOfThisDisclosureTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialAssetsAndLiabilitiesAccountedAtAmortizedCostAndValuedAtFairValueOnlyForPurposesOfThisDisclosureTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialAssetsAndLiabilitiesAccountedAtAmortizedCostAndValuedAtFairValueOnlyForPurposesOfThisDisclosureTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Financial Assets And Liabilities Accounted At Amortized Cost And Valued At Fair Value Only For Purposes Of This Disclosure Text Block</link:label>
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ClassificationOfFinancialAssetsAndFinancialLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Classification Of Financial Assets And Financial Liabilities [Table Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfInvestmentsInDebtSecuritiesAtFairValueThroughProfitOrLossTableTextBlock_lbl" xml:lang="en-US">Investments in debt securities at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInvestmentsInDebtSecuritiesAtFairValueThroughOCITableTextBlock" xlink:label="aval_DisclosureOfInvestmentsInDebtSecuritiesAtFairValueThroughOCITableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfInvestmentsInDebtSecuritiesAtFairValueThroughOCITableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of investment in debt securities at fair value through other comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInvestmentsInDebtSecuritiesAtFairValueThroughOCITableTextBlock_lbl" xml:lang="en-US">Disclosure Of Investments In Debt Securities At Fair Value Through O C I [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfInvestmentsInDebtSecuritiesAtFairValueThroughOCITableTextBlock_lbl" xml:lang="en-US">Investments in debt securities at fair value through OCI</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInvestmentDebtSecuritiesFvociAmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeGrossOfTaxTableTextBlock" xlink:label="aval_DisclosureOfInvestmentDebtSecuritiesFvociAmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeGrossOfTaxTableTextBlock" />
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutInvestmentsHeldToMaturityTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutInvestmentsHeldToMaturityTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutMovementsInOtherComprehensiveIncomeRelatedToHedgesOfNetInvestmentInForeignOperationsTableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about movements in other comprehensive income related to hedges of net investment in foreign operations</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutHedgeInForeignCurrencyEquityInvestmentsTextBlock_lbl" xml:lang="en-US">The information about hedge in foreign currency equity investments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutHedgeInForeignCurrencyEquityInvestmentsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about hedge in foreign currency equity investments [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" xlink:label="ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationAboutTermsAndConditionsOfHedgingInstrumentsAndHowTheyAffectFutureCashFlowsExplanatory_lbl" xml:lang="en-US">Disclosure of information about terms and conditions of hedging instruments and how they affect future cash flows [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfSwapsToReduceExchangeRateRiskOfFinancialLiabilitiesTableTextBlock" xlink:label="aval_DisclosureOfSwapsToReduceExchangeRateRiskOfFinancialLiabilitiesTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfSwapsToReduceExchangeRateRiskOfFinancialLiabilitiesTableTextBlock_lbl" xml:lang="en-US">The information about interest rate swaps and cross currency swaps ("Cross Currency Swaps") to reduce the exchange rate risk of financial liabilities.</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfSwapsToReduceExchangeRateRiskOfFinancialLiabilitiesTableTextBlock_lbl" xml:lang="en-US">Disclosure of hedging of exchange rate risk</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemExplanatory_lbl" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsExplanatory_lbl" xml:lang="en-US">Disclosure of detailed information about hedging instruments [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScheduleOfChangeInFairValueAndInterestExpensesOfHedgingInstrumentTableTextBlock" xlink:label="aval_ScheduleOfChangeInFairValueAndInterestExpensesOfHedgingInstrumentTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ScheduleOfChangeInFairValueAndInterestExpensesOfHedgingInstrumentTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of change in fair value and interest expenses of hedging instruments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScheduleOfChangeInFairValueAndInterestExpensesOfHedgingInstrumentTableTextBlock_lbl" xml:lang="en-US">Schedule of Change in Fair Value and Interest Expenses of Hedging Instrument [Table Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsForHedgingTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsForHedgingTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsForHedgingTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsForHedgingTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsForHedgingTextBlock_lbl" xml:lang="en-US">The information about derivative financial instruments held for hedging.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutDerivativeFinancialInstrumentsForHedgingTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about derivative financial instruments for hedging [Text Block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about distribution of the credit portfolio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about distribution of the credit portfolio [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfCreditPortfolioTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about distribution of the credit portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about distribution of loans portfolio by maturity period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about distribution of loans portfolio by maturity period [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutDistributionOfLoansPortfolioByMaturityPeriodTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about distribution of loans portfolio by maturity period</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutReconciliationOfUndiscountedLeasePaymentsToNetInvestmentInFinanceLeaseTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfUndiscountedLeasePaymentsToNetInvestmentInFinanceLeaseTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfUndiscountedLeasePaymentsToNetInvestmentInFinanceLeaseTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about reconciliation of undiscounted lease payments to net investment in finance lease.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfUndiscountedLeasePaymentsToNetInvestmentInFinanceLeaseTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about reconciliation of undiscounted lease payments to net investment in finance lease [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutReconciliationOfUndiscountedLeasePaymentsToNetInvestmentInFinanceLeaseTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about reconciliation of undiscounted lease payments to net investment in finance lease</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutGrossInvestmentAndNetInvestmentInFinancialLeasingContractsReceivableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutGrossInvestmentAndNetInvestmentInFinancialLeasingContractsReceivableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutGrossInvestmentAndNetInvestmentInFinancialLeasingContractsReceivableTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about gross investment and net investment in financial leasing contracts receivable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutGrossInvestmentAndNetInvestmentInFinancialLeasingContractsReceivableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about gross investment and net investment in financial leasing contracts receivable [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutGrossInvestmentAndNetInvestmentInFinancialLeasingContractsReceivableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about gross investment and net investment in financial leasing contracts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about other receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information About Other Receivables [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherReceivablesTableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about other receivables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about contract assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock_lbl" xml:lang="en-US">Disclosure of Detailed Information About Contract Assets [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutContractAssetsTableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about contract assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock_lbl" xml:lang="en-US">The information about disclosure of other accounts receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Other Accounts Receivables [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherAccountsReceivablesTextBlock_lbl" xml:lang="en-US">Schedule of other accounts receivable measured at amortized cost, except</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of detailed information about movement of non current assets held for sale.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about movements of noncurrent assets held-for-sale [table text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutMovementsOfNoncurrentAssetsHeldForSaleTableTextBlock_lbl" xml:lang="en-US">Schedule of the movement of non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US">Disclosure of non-current assets or disposal groups classified as held for sale [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory_lbl" xml:lang="en-US">Schedule of the detail of non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutLiabilitiesWithGroupsOfAssetsHeldForSaleTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutLiabilitiesWithGroupsOfAssetsHeldForSaleTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutLiabilitiesWithGroupsOfAssetsHeldForSaleTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutLiabilitiesWithGroupsOfAssetsHeldForSaleTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutLiabilitiesWithGroupsOfAssetsHeldForSaleTextBlock_lbl" xml:lang="en-US">The information about disclosure of movement of the non-current assets held for sale.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutLiabilitiesWithGroupsOfAssetsHeldForSaleTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Liabilities With Groups Of Assets Held For Sale [Text Block]</link:label>
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesAxis" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesDomain" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesDomain" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IndividualAssetsOrCashgeneratingUnitsWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesMember_lbl" xml:lang="en-US">Total for all cash-generating units [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InsideBancoDeBogotaSaMember" xlink:label="aval_InsideBancoDeBogotaSaMember" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InsideBancoDeBogotaSaMember_lbl" xml:lang="en-US">Banco de Bogota S.A. over Megabanco</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillLineItems" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_lbl" xml:lang="en-US">Disclosure of reconciliation of changes in goodwill [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInGoodwillExplanatory_lbl" xml:lang="en-US">Schedule of movement of the goodwill</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory_lbl" xml:lang="en-US">Disclosure of information for cash-generating units [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesExplanatory_lbl" xml:lang="en-US">Schedule of goodwill assigned per Cash Generating Units (CGU)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInImpairmentTestReportsTakenAsBasisForImpairmentTestingTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInImpairmentTestReportsTakenAsBasisForImpairmentTestingTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInImpairmentTestReportsTakenAsBasisForImpairmentTestingTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about main premises used in the impairment test reports taken as the basis for impairment testing.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInImpairmentTestReportsTakenAsBasisForImpairmentTestingTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about main premises used in impairment test reports taken as basis for impairment testing [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInImpairmentTestReportsTakenAsBasisForImpairmentTestingTextBlock_lbl" xml:lang="en-US">Summary of main assumptions used in the impairment test reports taken as the basis for impairment testing</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInLatestImpairmentTestsOfCashGeneratingUnitsWithAllocatedGoodwillTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInLatestImpairmentTestsOfCashGeneratingUnitsWithAllocatedGoodwillTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInLatestImpairmentTestsOfCashGeneratingUnitsWithAllocatedGoodwillTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about main premises used in latest impairment tests of cash-generating units with allocated goodwill.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInLatestImpairmentTestsOfCashGeneratingUnitsWithAllocatedGoodwillTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Main Premises Used In Latest Impairment Tests Of Cash Generating Units With Allocated Goodwill Text Block</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutMainPremisesUsedInLatestImpairmentTestsOfCashGeneratingUnitsWithAllocatedGoodwillTextBlock_lbl" xml:lang="en-US">Schedule of main assumptions used in the latest impairment tests of the groups of cash-generating units with allocated goodwill</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutOtherIntangibleAssetsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherIntangibleAssetsTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherIntangibleAssetsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about other intangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about other intangible assets [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherIntangibleAssetsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about other intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MajorComponentsOfIncomeTaxExpensesTextBlock" xlink:label="aval_MajorComponentsOfIncomeTaxExpensesTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MajorComponentsOfIncomeTaxExpensesTextBlock_lbl" xml:lang="en-US">Major Components Of Income Tax Expenses [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MajorComponentsOfIncomeTaxExpensesTextBlock_lbl" xml:lang="en-US">Schedule components of the income tax expense</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReconciliationBetweenEffectiveIncomeTaxExplanatoryTextBlock" xlink:label="aval_ReconciliationBetweenEffectiveIncomeTaxExplanatoryTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReconciliationBetweenEffectiveIncomeTaxExplanatoryTextBlock_lbl" xml:lang="en-US">The disclosure of reconciliation of effective income tax.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReconciliationBetweenEffectiveIncomeTaxExplanatoryTextBlock_lbl" xml:lang="en-US">Reconciliation Between Effective Income Tax Explanatory [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReconciliationBetweenEffectiveIncomeTaxExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of reconciliation between total expenses of the income tax calculated at the applicable enacted tax rate and the tax expense recognized in the statement of income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock" xlink:label="aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock" xlink:to="aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock_lbl" xml:lang="en-US">The tax Loss Carry Forward In Excess of Minimum Presumptive Income Explanatory</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock_lbl" xml:lang="en-US">Tax Loss Carry Forward In Excess of Minimum Presumptive Income Explanatory [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TaxLossCarryForwardInExcessOfMinimumPresumptiveIncomeExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of tax loss carry forward and excess of presumptive income over taxable income of the entities which are not recognized as deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" xlink:label="ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsExplanatory_lbl" xml:lang="en-US">Schedule of carrying value of the assets and liabilities and their tax bases give rise to the following temporary differences which result in deferred taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDeferredTaxesExplanatory" xlink:label="ifrs-full_DisclosureOfDeferredTaxesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutEffectsOfCurrentAndDeferredIncomeTaxesInEachComponentOfOtherComprehensiveIncomeTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about the effects of the current and deferred income taxes in each component of Other Comprehensive Income.</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutEffectsOfCurrentAndDeferredIncomeTaxesInEachComponentOfOtherComprehensiveIncomeTextBlock_lbl" xml:lang="en-US">Schedule effects of the current and deferred taxes in each component of other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutDepositsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutDepositsTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutDepositsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about deposits.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutDepositsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about deposits [Text Block]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ScheduleOfConcentrationOfDepositsReceivedFromCustomersPerEconomicSectorTableTextBlock_lbl" xml:lang="en-US">Schedule of the concentration of deposits received from customers per economic sector</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScheduleOfInterbankBorrowingsOvernightFundsAndBorrowingsFromBanksAndOthersTableTextBlock" xlink:label="aval_ScheduleOfInterbankBorrowingsOvernightFundsAndBorrowingsFromBanksAndOthersTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScheduleOfInterbankBorrowingsOvernightFundsAndBorrowingsFromBanksAndOthersTableTextBlock_lbl" xml:lang="en-US">Schedule Of Interbank Borrowings Overnight Funds And Borrowings From Banks And Others [Table text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ScheduleOfInterbankBorrowingsOvernightFundsAndBorrowingsFromBanksAndOthersTableTextBlock_lbl" xml:lang="en-US">Schedule of interbank borrowings, overnight funds and borrowings from banks and others</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutOtherBorrowingsExplanatoryTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherBorrowingsExplanatoryTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherBorrowingsExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Detailed Information About Other Borrowings Explanatory [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutOtherBorrowingsExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of borrowings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutBondIssuedTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutBondIssuedTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutBondIssuedTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about bond issued.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutBondIssuedTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about Bond Issued [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutBondIssuedTextBlock_lbl" xml:lang="en-US">Schedule of issued bonds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock_lbl" xml:lang="en-US">The information about the disclosure of future maturities of bonds.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information About Future Maturities of Bonds [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutFutureMaturitiesOfBondsTextBlock_lbl" xml:lang="en-US">Schedule of reconciliation of movements of liabilities to cash flows arising from financing activities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsExplanatory" xlink:label="ifrs-full_DisclosureOfOtherProvisionsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsExplanatory_lbl" xml:lang="en-US">Disclosure of other provisions [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfOtherProvisionsExplanatory_lbl" xml:lang="en-US">Disclosure of legal related and non legal related provisions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock" xlink:label="aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock" xlink:to="aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock_lbl" xml:lang="en-US">The disclosure of defined benefits plans explanatory</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock_lbl" xml:lang="en-US">Disclosure Of Defined Benefits Plans Explanatory [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfDefinedBenefitsPlansExplanatoryTextBlock_lbl" xml:lang="en-US">Schedule of balance of liabilities for employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock" xlink:label="aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock" xlink:to="aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of pension and other postretirement benefit arrangements with individual employees, which are generally based on employment contracts between the entity and one or more selected officers or key employees, and which contain a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock_lbl" xml:lang="en-US">Deferred Compensation Arrangement with Individual Disclosure, Postretirement Benefits [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DeferredCompensationArrangementWithIndividualDisclosurePostretirementBenefitsTableTextBlock_lbl" xml:lang="en-US">Schedule of post-employment benefit expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_lbl" xml:lang="en-US">Disclosure of net defined benefit liability (asset) [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory_lbl" xml:lang="en-US">Schedule of post-employment and long-term benefits movements</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantActuarialAssumptionsUsedToDeterminePresentValueOfDefinedBenefitObligationExplanatory" xlink:label="ifrs-full_DisclosureOfSignificantActuarialAssumptionsUsedToDeterminePresentValueOfDefinedBenefitObligationExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantActuarialAssumptionsUsedToDeterminePresentValueOfDefinedBenefitObligationExplanatory_lbl" xml:lang="en-US">Disclosure of significant actuarial assumptions used to determine present value of defined benefit obligation [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSignificantActuarialAssumptionsUsedToDeterminePresentValueOfDefinedBenefitObligationExplanatory_lbl" xml:lang="en-US">Schedule of assumptions used to calculate the obligation projected for different post-employment benefits employees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory_lbl" xml:lang="en-US">Disclosure of sensitivity analysis for actuarial assumptions [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory_lbl" xml:lang="en-US">Schedule of sensitivity analysis for post-employment and long-term benefits liabilities due to defined benefits plans to different actuarial and financial variables</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" xlink:label="ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory_lbl" xml:lang="en-US">Disclosure of information about maturity profile of defined benefit obligation [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInformationAboutMaturityProfileOfDefinedBenefitObligationExplanatory_lbl" xml:lang="en-US">Schedule of future benefit payments projected, reflecting services</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory" xlink:label="ifrs-full_DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of accrued expenses and other liabilities [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory_lbl" xml:lang="en-US">Disclosure of accounts payable and other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfOtherLiabilitiesToBeCancelledTableTextBlock" xlink:label="aval_DisclosureOfOtherLiabilitiesToBeCancelledTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfOtherLiabilitiesToBeCancelledTableTextBlock_lbl" xml:lang="en-US">The disclosure of other liabilities to be cancelled.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfOtherLiabilitiesToBeCancelledTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Other Liabilities To Be Cancelled [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfOtherLiabilitiesToBeCancelledTableTextBlock_lbl" xml:lang="en-US">Disclosure of other liabilities to be cancelled</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_lbl" xml:lang="en-US">Disclosure of classes of share capital [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalExplanatory_lbl" xml:lang="en-US">Schedule of authorized, issued and outstanding shares</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">Disclosure of reserves within equity [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfReservesAndOtherEquityInterestExplanatory_lbl" xml:lang="en-US">Schedule of appropriation of retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDividendsExplanatory" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory_lbl" xml:lang="en-US">Disclosure of dividends [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfDividendsExplanatory_lbl" xml:lang="en-US">Schedule of the dividends are declared and paid to shareholders based on unconsolidated net income under Colombian IFRS (NCIF)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEarningsPerShareExplanatory" xlink:label="ifrs-full_DisclosureOfEarningsPerShareExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEarningsPerShareExplanatory_lbl" xml:lang="en-US">Disclosure of earnings per share [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEarningsPerShareExplanatory_lbl" xml:lang="en-US">Schedule of earnings per share</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfEquityTransactionWithMinorityShareholdersTableTextBlock" xlink:label="aval_DisclosureOfEquityTransactionWithMinorityShareholdersTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfEquityTransactionWithMinorityShareholdersTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Equity Transaction With Minority Shareholders [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfEquityTransactionWithMinorityShareholdersTableTextBlock_lbl" xml:lang="en-US">Schedule of equity transaction with minority shareholders</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfEffectsInRetainedEarningsTableTextBlock" xlink:label="aval_DisclosureOfEffectsInRetainedEarningsTableTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfEffectsInRetainedEarningsTableTextBlock_lbl" xml:lang="en-US">Disclosure of effects in retained earnings.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfEffectsInRetainedEarningsTableTextBlock_lbl" xml:lang="en-US">Disclosure Of Effects In Retained Earnings [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfEffectsInRetainedEarningsTableTextBlock_lbl" xml:lang="en-US">Schedule of effects in retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about components of accumulated other comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about components of accumulated other comprehensive income [Table Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutComponentsOfAccumulatedOtherComprehensiveIncomeTableTextBlock_lbl" xml:lang="en-US">Schedule of components of accumulated other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutFinancialInformationOfNoncontrollingInterestTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialInformationOfNoncontrollingInterestTextBlock" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialInformationOfNoncontrollingInterestTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about financial information of non-controlling interest.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialInformationOfNoncontrollingInterestTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about financial information of noncontrolling interest [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutFinancialInformationOfNoncontrollingInterestTextBlock_lbl" xml:lang="en-US">Schedule of information regarding the non-controlling interest of each direct subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about subsidiary that has significant non controlling interests.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about subsidiary that has significant non controlling interests [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutSubsidiaryThatHasSignificantNonControllingInterestsTextBlock_lbl" xml:lang="en-US">Schedule of information regarding each direct subsidiary that has significant non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock_lbl" xml:lang="en-US">The Disclosure of detailed information about about commissions and fees of contracts.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about commissions and fees of contracts [Text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutCommissionsAndFeesOfContractsTextBlock_lbl" xml:lang="en-US">Schedule of income and expenses for commissions and fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCostOfSalesExplanatory" xlink:label="ifrs-full_DisclosureOfCostOfSalesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCostOfSalesExplanatory" xlink:to="ifrs-full_DisclosureOfCostOfSalesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCostOfSalesExplanatory_lbl" xml:lang="en-US">Disclosure of cost of sales [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfCostOfSalesExplanatory_lbl" xml:lang="en-US">Schedule of incomes and cost for goods and services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about net trading income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about net trading income [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutNetTradingIncomeTextBlock_lbl" xml:lang="en-US">Schedule of net trading income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfOtherIncomeTableTextBlock" xlink:label="aval_DisclosureOfOtherIncomeTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfOtherIncomeTableTextBlock" xlink:to="aval_DisclosureOfOtherIncomeTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfOtherIncomeTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of other income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfOtherIncomeTableTextBlock_lbl" xml:lang="en-US">Disclosure of other income [table text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfOtherIncomeTableTextBlock_lbl" xml:lang="en-US">Schedule of other income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfOtherExpenseTableTextBlock" xlink:label="aval_DisclosureOfOtherExpenseTableTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfOtherExpenseTableTextBlock" xlink:to="aval_DisclosureOfOtherExpenseTableTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfOtherExpenseTableTextBlock_lbl" xml:lang="en-US">Tabular disclosure of other expense.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfOtherExpenseTableTextBlock_lbl" xml:lang="en-US">Disclosure of other expense [table text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfOtherExpenseTableTextBlock_lbl" xml:lang="en-US">Schedule of other expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_lbl" xml:lang="en-US">Disclosure of entity's operating segments [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfEntitysReportableSegmentsExplanatory_lbl" xml:lang="en-US">Schedule of operating segments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about revenues for each individual country for which revenues are significant.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about revenues for each individual country for which revenues are significant [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutRevenuesForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" xml:lang="en-US">Schedule of income by country</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about non-current assets for each individual country for which revenues are significant.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about noncurrent assets for each individual country for which revenues are significant [Text Block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutNoncurrentAssetsForEachIndividualCountryForWhichRevenuesAreSignificantTextBlock_lbl" xml:lang="en-US">Schedule of non-current assets by country</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:label="ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory" xlink:to="ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInterestsInUnconsolidatedStructuredEntitiesExplanatory_lbl" xml:lang="en-US">Disclosure of interests in unconsolidated structured entities [text block]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock" xlink:label="aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock" xlink:to="aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock_lbl" xml:lang="en-US">The disclosure of detailed information about balances with related parties.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock_lbl" xml:lang="en-US">Disclosure of detailed information about balances with related parties [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfDetailedInformationAboutBalancesWithRelatedPartiesTextBlock_lbl" xml:lang="en-US">Schedule of balances with related parties</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" xml:lang="en-US">Disclosure of transactions between related parties [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesExplanatory_lbl" xml:lang="en-US">Schedule of transactions between related parties</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:label="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory" xlink:to="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_lbl" xml:lang="en-US">Disclosure of information about key management personnel [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfInformationAboutKeyManagementPersonnelExplanatory_lbl" xml:lang="en-US">Schedule of key management personnel</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationExplanatory" xlink:label="ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationExplanatory" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationExplanatory" xlink:to="ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationExplanatory_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationExplanatory_lbl" xml:lang="en-US">Disclosure of transactions recognised separately from acquisition of assets and assumption of liabilities in business combination [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DisclosureOfTransactionsRecognisedSeparatelyFromAcquisitionOfAssetsAndAssumptionOfLiabilitiesInBusinessCombinationExplanatory_lbl" xml:lang="en-US">Schedule of preliminary values related to the acquisition process</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExplanationOfFinancialEffectOfNonadjustingEventAfterReportingPeriod" xlink:label="ifrs-full_ExplanationOfFinancialEffectOfNonadjustingEventAfterReportingPeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfFinancialEffectOfNonadjustingEventAfterReportingPeriod" xlink:to="ifrs-full_ExplanationOfFinancialEffectOfNonadjustingEventAfterReportingPeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfFinancialEffectOfNonadjustingEventAfterReportingPeriod_lbl" xml:lang="en-US">Explanation of financial effect of non-adjusting event after reporting period [text block]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExplanationOfFinancialEffectOfNonadjustingEventAfterReportingPeriod_lbl" xml:lang="en-US">Schedule for the effects of the previous transaction</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FiduciariaBogotaSaMember" xlink:label="aval_FiduciariaBogotaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FiduciariaBogotaSaMember" xlink:to="aval_FiduciariaBogotaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FiduciariaBogotaSaMember_lbl" xml:lang="en-US">Fiduciaria Bogota S.A</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AlmavivaSaAndItsSubsidiaryMember" xlink:label="aval_AlmavivaSaAndItsSubsidiaryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AlmavivaSaAndItsSubsidiaryMember" xlink:to="aval_AlmavivaSaAndItsSubsidiaryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AlmavivaSaAndItsSubsidiaryMember_lbl" xml:lang="en-US">Almaviva S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MegalineaSaMember" xlink:label="aval_MegalineaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MegalineaSaMember" xlink:to="aval_MegalineaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MegalineaSaMember_lbl" xml:lang="en-US">Megalinea S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MegalineaSaMember_lbl" xml:lang="en-US">Megalinea SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MegalineaSaMember_lbl" xml:lang="en-US">Megalinea S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeBogotaPanamaSaMember" xlink:label="aval_BancoDeBogotaPanamaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeBogotaPanamaSaMember" xlink:to="aval_BancoDeBogotaPanamaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeBogotaPanamaSaMember_lbl" xml:lang="en-US">Banco de Bogota Panama S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultiFinancialHoldingMember" xlink:label="aval_MultiFinancialHoldingMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultiFinancialHoldingMember" xlink:to="aval_MultiFinancialHoldingMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MultiFinancialHoldingMember_lbl" xml:lang="en-US">Multi Financial Holding</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultiFinancialHoldingMember_lbl" xml:lang="en-US">Multi Financial Holding</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeOccidentePanamaSaMember" xlink:label="aval_BancoDeOccidentePanamaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeOccidentePanamaSaMember" xlink:to="aval_BancoDeOccidentePanamaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeOccidentePanamaSaMember_lbl" xml:lang="en-US">Banco de Occidente Panama. S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FiduciariaDeOccidenteSaMember" xlink:label="aval_FiduciariaDeOccidenteSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FiduciariaDeOccidenteSaMember" xlink:to="aval_FiduciariaDeOccidenteSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FiduciariaDeOccidenteSaMember_lbl" xml:lang="en-US">Fiduciaria de Occidente S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OccidentalBankBarbadosLtdMember" xlink:label="aval_OccidentalBankBarbadosLtdMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OccidentalBankBarbadosLtdMember" xlink:to="aval_OccidentalBankBarbadosLtdMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OccidentalBankBarbadosLtdMember_lbl" xml:lang="en-US">Occidental Bank Barbados Ltd.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AlpopularSaMember" xlink:label="aval_AlpopularSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AlpopularSaMember" xlink:to="aval_AlpopularSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AlpopularSaMember_lbl" xml:lang="en-US">Alpopular S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FiduciariaPopularSaMember" xlink:label="aval_FiduciariaPopularSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FiduciariaPopularSaMember" xlink:to="aval_FiduciariaPopularSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FiduciariaPopularSaMember_lbl" xml:lang="en-US">Fiduciaria Popular S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CorporacionFinancieraColombianaMember" xlink:label="aval_CorporacionFinancieraColombianaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CorporacionFinancieraColombianaMember" xlink:to="aval_CorporacionFinancieraColombianaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CorporacionFinancieraColombianaMember_lbl" xml:lang="en-US">Corporacion Financiera Colombiana [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CorporacionFinancieraColombianaMember_lbl" xml:lang="en-US">Corporacion Financiera Colombiana [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CorporacionFinancieraColombianaMember_lbl" xml:lang="en-US">Corporacion Financiera Colombiana</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromigasSaEspMember" xlink:label="aval_PromigasSaEspMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromigasSaEspMember" xlink:to="aval_PromigasSaEspMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromigasSaEspMember_lbl" xml:lang="en-US">Promigas S.A. E.S.P.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ColombianaDeLicitacionesYConcesionesSasMember" xlink:label="aval_ColombianaDeLicitacionesYConcesionesSasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ColombianaDeLicitacionesYConcesionesSasMember" xlink:to="aval_ColombianaDeLicitacionesYConcesionesSasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ColombianaDeLicitacionesYConcesionesSasMember_lbl" xml:lang="en-US">Colombiana de Licitaciones y Concesiones S.A.S</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EstudiosYProyectosDelSolSasMember" xlink:label="aval_EstudiosYProyectosDelSolSasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EstudiosYProyectosDelSolSasMember" xlink:to="aval_EstudiosYProyectosDelSolSasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EstudiosYProyectosDelSolSasMember_lbl" xml:lang="en-US">Estudios y Proyectos del Sol S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProyectosYDesarrollosVialesDelPacificoSasMember" xlink:label="aval_ProyectosYDesarrollosVialesDelPacificoSasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProyectosYDesarrollosVialesDelPacificoSasMember" xlink:to="aval_ProyectosYDesarrollosVialesDelPacificoSasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProyectosYDesarrollosVialesDelPacificoSasMember_lbl" xml:lang="en-US">Proyectos y Desarrollos Viales del Pacifico S.A.S. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProyectosYDesarrollosVialesDelPacificoSasMember_lbl" xml:lang="en-US">Proyectos y Desarrollos Viales del Pacifico SAS [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ProyectosYDesarrollosVialesDelPacificoSasMember_lbl" xml:lang="en-US">Proyectos y Desarrollos Viales del Pacifico S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcesionariaVialDelOrienteS.a.sMember" xlink:label="aval_ConcesionariaVialDelOrienteS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcesionariaVialDelOrienteS.a.sMember" xlink:to="aval_ConcesionariaVialDelOrienteS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcesionariaVialDelOrienteS.a.sMember_lbl" xml:lang="en-US">This member stands for Concesionaria Vial Del Oriente S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcesionariaVialDelOrienteS.a.sMember_lbl" xml:lang="en-US">Concesionaria Vial Del Oriente S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcesionariaVialDelPacificoS.a.s.Member" xlink:label="aval_ConcesionariaVialDelPacificoS.a.s.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcesionariaVialDelPacificoS.a.s.Member" xlink:to="aval_ConcesionariaVialDelPacificoS.a.s.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcesionariaVialDelPacificoS.a.s.Member_lbl" xml:lang="en-US">This member stands for Concesionaria Vial Del Pacifico S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcesionariaVialDelPacificoS.a.s.Member_lbl" xml:lang="en-US">Concesionaria Vial Del Pacifico S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember" xlink:label="aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember" xlink:to="aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember_lbl" xml:lang="en-US">Estudios, Proyectos e Inversiones de los Andes S.A.S. y subsidiarias [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember_lbl" xml:lang="en-US">Estudios, Proyectos e Inversiones de los Andes S.A.S. y subsidiarias [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EstudiosProyectosEInversionesDeLosAndesS.a.s.YSubsidiariasMember_lbl" xml:lang="en-US">Estudios, Proyectos e Inversiones de los Andes S.A.S. y subsidiarias</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_HotelesEstelarS.A.YSubsidiariesMember" xlink:label="aval_HotelesEstelarS.A.YSubsidiariesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_HotelesEstelarS.A.YSubsidiariesMember" xlink:to="aval_HotelesEstelarS.A.YSubsidiariesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_HotelesEstelarS.A.YSubsidiariesMember_lbl" xml:lang="en-US">Hoteles Estelar S. A. Y Subsidiaries [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_HotelesEstelarS.A.YSubsidiariesMember_lbl" xml:lang="en-US">Hoteles Estelar S. A. Y Subsidiaries [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_HotelesEstelarS.A.YSubsidiariesMember_lbl" xml:lang="en-US">Hoteles Estelar S. A. Y Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CfcGasHoldingS.a.sMember" xlink:label="aval_CfcGasHoldingS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CfcGasHoldingS.a.sMember" xlink:to="aval_CfcGasHoldingS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CfcGasHoldingS.a.sMember_lbl" xml:lang="en-US">Information pertaining to CFC Gas Holding S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CfcGasHoldingS.a.sMember_lbl" xml:lang="en-US">CFC Gas Holding S.A.S</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AportesEnLineaSaMember" xlink:label="aval_AportesEnLineaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AportesEnLineaSaMember" xlink:to="aval_AportesEnLineaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AportesEnLineaSaMember_lbl" xml:lang="en-US">Aportes en Linea S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AportesEnLineaSaMember_lbl" xml:lang="en-US">Aportes en Linea SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AportesEnLineaSaMember_lbl" xml:lang="en-US">Aportes en Linea S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary" xlink:to="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PrincipalPlaceOfBusinessOfSubsidiary_lbl" xml:lang="en-US">Principal place of business of subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary" xlink:to="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl" xml:lang="en-US">Country of incorporation of subsidiary</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CountryOfIncorporationOrResidenceOfSubsidiary_lbl" xml:lang="en-US">Country</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary" xlink:to="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" xml:lang="en-US">Proportion of voting rights held in subsidiary</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfVotingPowerHeldInSubsidiary_lbl" xml:lang="en-US">Percentage of voting rights held</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInSubsidiary" xlink:to="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Proportion of ownership interest in subsidiary</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Percentage of economic interest held</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInSubsidiary_lbl" xml:lang="en-US">Ownership interest (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrupoAvalLimitedMember" xlink:label="aval_GrupoAvalLimitedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrupoAvalLimitedMember" xlink:to="aval_GrupoAvalLimitedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrupoAvalLimitedMember_lbl" xml:lang="en-US">Grupo Aval Limited</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AvalFiduciariaS.aMember" xlink:label="aval_AvalFiduciariaS.aMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AvalFiduciariaS.aMember" xlink:to="aval_AvalFiduciariaS.aMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AvalFiduciariaS.aMember_lbl" xml:lang="en-US">Aval Fiduciaria S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AvalFiduciariaS.aMember_lbl" xml:lang="en-US">Aval Fiduciaria S.A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AvalFiduciariaS.aMember_lbl" xml:lang="en-US">Aval Fiduciaria S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AvalCasaDeBolsaS.aMember" xlink:label="aval_AvalCasaDeBolsaS.aMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AvalCasaDeBolsaS.aMember" xlink:to="aval_AvalCasaDeBolsaS.aMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AvalCasaDeBolsaS.aMember_lbl" xml:lang="en-US">Aval Casa de Bolsa S.A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AvalCasaDeBolsaS.aMember_lbl" xml:lang="en-US">Aval Casa de Bolsa S.A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AvalCasaDeBolsaS.aMember_lbl" xml:lang="en-US">Aval Casa de Bolsa S.A</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AvalBancaDeInversionSasMember" xlink:label="aval_AvalBancaDeInversionSasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AvalBancaDeInversionSasMember" xlink:to="aval_AvalBancaDeInversionSasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AvalBancaDeInversionSasMember_lbl" xml:lang="en-US">Aval Banca de Inversion S.A.S. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AvalBancaDeInversionSasMember_lbl" xml:lang="en-US">Aval Banca de Inversion SAS [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AvalBancaDeInversionSasMember_lbl" xml:lang="en-US">Aval Banca de Inversion S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyTable" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyTable" xlink:to="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyTable_lbl" xml:lang="en-US">Disclosure of voluntary change in accounting policy [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeAxis" xlink:label="ifrs-full_RangeAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeAxis" xlink:to="ifrs-full_RangeAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeAxis_lbl" xml:lang="en-US">Range [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RangeDomain" xlink:label="ifrs-full_RangeDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RangeDomain" xlink:to="ifrs-full_RangeDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RangeDomain_lbl" xml:lang="en-US">Range [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BottomOfRangeMember" xlink:label="ifrs-full_BottomOfRangeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BottomOfRangeMember" xlink:to="ifrs-full_BottomOfRangeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US">Bottom of range [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BottomOfRangeMember_lbl" xml:lang="en-US">Bottom of range</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyLineItems" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyLineItems" xlink:to="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfVoluntaryChangeInAccountingPolicyLineItems_lbl" xml:lang="en-US">Disclosure of voluntary change in accounting policy [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInAssociate" xlink:to="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xml:lang="en-US">Proportion of ownership interest in associate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInAssociate_lbl" xml:lang="en-US">Ownership interest</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClosingForeignExchangeRate" xlink:label="ifrs-full_ClosingForeignExchangeRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClosingForeignExchangeRate" xlink:to="ifrs-full_ClosingForeignExchangeRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Closing foreign exchange rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ClosingForeignExchangeRate_lbl" xml:lang="en-US">Value of US 1</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TopOfRangeMember" xlink:label="ifrs-full_TopOfRangeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TopOfRangeMember" xlink:to="ifrs-full_TopOfRangeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US">Top of range [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TopOfRangeMember_lbl" xml:lang="en-US">Top of range</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentAxis_lbl" xml:lang="en-US">Classes of property, plant and equipment [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain" xlink:to="ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfPropertyPlantAndEquipmentDomain_lbl" xml:lang="en-US">Classes of property, plant and equipment [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OfficeEquipmentMember" xlink:label="ifrs-full_OfficeEquipmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OfficeEquipmentMember" xlink:to="ifrs-full_OfficeEquipmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OfficeEquipmentMember_lbl" xml:lang="en-US">Office equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MachineryMember" xlink:label="ifrs-full_MachineryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MachineryMember" xlink:to="ifrs-full_MachineryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MachineryMember_lbl" xml:lang="en-US">Machinery [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComputerEquipmentMember" xlink:label="ifrs-full_ComputerEquipmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerEquipmentMember" xlink:to="ifrs-full_ComputerEquipmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerEquipmentMember_lbl" xml:lang="en-US">Computer equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_VehiclesMember" xlink:label="ifrs-full_VehiclesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_VehiclesMember" xlink:to="ifrs-full_VehiclesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_VehiclesMember_lbl" xml:lang="en-US">Vehicles [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RubberMember" xlink:label="aval_RubberMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RubberMember" xlink:to="aval_RubberMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RubberMember_lbl" xml:lang="en-US">Rubber [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AfricanOilPalmMember" xlink:label="aval_AfricanOilPalmMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AfricanOilPalmMember" xlink:to="aval_AfricanOilPalmMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AfricanOilPalmMember_lbl" xml:lang="en-US">African oil palm [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BearerPlantsMember" xlink:label="ifrs-full_BearerPlantsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BearerPlantsMember" xlink:to="ifrs-full_BearerPlantsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BearerPlantsMember_lbl" xml:lang="en-US">Bearer plants [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasPipelinesMember" xlink:label="aval_GasPipelinesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasPipelinesMember" xlink:to="aval_GasPipelinesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasPipelinesMember_lbl" xml:lang="en-US">Gas pipelines.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasPipelinesMember_lbl" xml:lang="en-US">Gas Pipelines [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GasPipelinesMember_lbl" xml:lang="en-US">Gas pipelines</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment" xlink:to="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" xml:lang="en-US">Useful life measured as period of time, property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimePropertyPlantAndEquipment_lbl" xml:lang="en-US">Useful lives or depreciation rates, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsTable" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsTable_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillAxis_lbl" xml:lang="en-US">Classes of intangible assets other than goodwill [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain" xlink:to="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfIntangibleAssetsOtherThanGoodwillDomain_lbl" xml:lang="en-US">Classes of intangible assets other than goodwill [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComputerSoftwareMember" xlink:label="ifrs-full_ComputerSoftwareMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComputerSoftwareMember" xlink:to="ifrs-full_ComputerSoftwareMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComputerSoftwareMember_lbl" xml:lang="en-US">Computer software [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LicencesMember" xlink:label="ifrs-full_LicencesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LicencesMember" xlink:to="ifrs-full_LicencesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LicencesMember_lbl" xml:lang="en-US">Licences [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BrandNamesMember" xlink:label="ifrs-full_BrandNamesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BrandNamesMember" xlink:to="ifrs-full_BrandNamesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US">Brand names [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BrandNamesMember_lbl" xml:lang="en-US">Trademarks</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CustomerrelatedIntangibleAssetsMember" xlink:to="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CustomerrelatedIntangibleAssetsMember_lbl" xml:lang="en-US">Customer-related intangible assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" xlink:label="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember" xlink:to="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CopyrightsPatentsAndOtherIndustrialPropertyRightsServiceAndOperatingRightsMember_lbl" xml:lang="en-US">Copyrights, patents and other industrial property rights, service and operating rights [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecipesFormulaeModelsDesignsAndPrototypesMember" xlink:label="ifrs-full_RecipesFormulaeModelsDesignsAndPrototypesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecipesFormulaeModelsDesignsAndPrototypesMember" xlink:to="ifrs-full_RecipesFormulaeModelsDesignsAndPrototypesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecipesFormulaeModelsDesignsAndPrototypesMember_lbl" xml:lang="en-US">Recipes, formulae, models, designs and prototypes [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EasementsMember" xlink:label="aval_EasementsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EasementsMember" xlink:to="aval_EasementsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EasementsMember_lbl" xml:lang="en-US">Easements [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EasementsMember_lbl" xml:lang="en-US">Easements [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfIntangibleAssetsLineItems" xlink:to="ifrs-full_DisclosureOfIntangibleAssetsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfIntangibleAssetsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about intangible assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Useful life measured as period of time, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_UsefulLifeMeasuredAsPeriodOfTimeIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Intangible assets estimated useful lives</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfUsefulLifeIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_DescriptionOfUsefulLifeIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfUsefulLifeIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_DescriptionOfUsefulLifeIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfUsefulLifeIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Description of useful life, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfUsefulLifeIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Description of useful life, intangible assets other than goodwill</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsTable_lbl" xml:lang="en-US">Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsCashAndCashEquivalentsMember" xlink:label="aval_IfrsCashAndCashEquivalentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsCashAndCashEquivalentsMember" xlink:to="aval_IfrsCashAndCashEquivalentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsCashAndCashEquivalentsMember_lbl" xml:lang="en-US">Currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsCashAndCashEquivalentsMember_lbl" xml:lang="en-US">IFRS Cash and Cash Equivalents [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentSecuritiesAtAmortisedCostMember" xlink:label="aval_InvestmentSecuritiesAtAmortisedCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentSecuritiesAtAmortisedCostMember" xlink:to="aval_InvestmentSecuritiesAtAmortisedCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentSecuritiesAtAmortisedCostMember_lbl" xml:lang="en-US">Investment securities at amortised cost [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentSecuritiesAtAmortisedCostMember_lbl" xml:lang="en-US">Investment securities at amortised cost [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingSecuritiesMember" xlink:label="ifrs-full_TradingSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingSecuritiesMember" xlink:to="ifrs-full_TradingSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingSecuritiesMember_lbl" xml:lang="en-US">Trading securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentSecuritiesAtFairValueMember" xlink:label="aval_InvestmentSecuritiesAtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentSecuritiesAtFairValueMember" xlink:to="aval_InvestmentSecuritiesAtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentSecuritiesAtFairValueMember_lbl" xml:lang="en-US">Investment securities at fair value [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentSecuritiesAtFairValueMember_lbl" xml:lang="en-US">Investment securities at fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_HedgingInstrumentsMember" xlink:label="aval_HedgingInstrumentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_HedgingInstrumentsMember" xlink:to="aval_HedgingInstrumentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_HedgingInstrumentsMember_lbl" xml:lang="en-US">Hedging instruments [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_HedgingInstrumentsMember_lbl" xml:lang="en-US">Hedging instruments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialGuaranteeContractsMember" xlink:label="ifrs-full_FinancialGuaranteeContractsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialGuaranteeContractsMember" xlink:to="ifrs-full_FinancialGuaranteeContractsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialGuaranteeContractsMember_lbl" xml:lang="en-US">Financial guarantee contracts [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LoanCommitmentsMember" xlink:label="ifrs-full_LoanCommitmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LoanCommitmentsMember" xlink:to="ifrs-full_LoanCommitmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LoanCommitmentsMember_lbl" xml:lang="en-US">Loan commitments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsLineItems" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsLineItems" xlink:to="ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfReconciliationOfChangesInLossAllowanceAndExplanationOfChangesInGrossCarryingAmountForFinancialInstrumentsLineItems_lbl" xml:lang="en-US">Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets" xlink:to="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Maximum exposure to credit risk of financial assets designated as measured at fair value through profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Maximum exposure to credit risk, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRiskOfFinancialAssets_lbl" xml:lang="en-US">Credit exposure</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:label="ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts" xlink:to="ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_lbl" xml:lang="en-US">Exposure to credit risk on loan commitments and financial guarantee contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExposureToCreditRiskOnLoanCommitmentsAndFinancialGuaranteeContracts_lbl" xml:lang="en-US">Exposure to credit risk outside of the statement of financial position</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaximumExposureToCreditRisk" xlink:label="ifrs-full_MaximumExposureToCreditRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToCreditRisk" xlink:to="ifrs-full_MaximumExposureToCreditRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToCreditRisk_lbl" xml:lang="en-US">Maximum exposure to credit risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MaximumExposureToCreditRisk_lbl" xml:lang="en-US">Maximum exposure to credit risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_MaximumExposureToCreditRisk_lbl" xml:lang="en-US">Maximum exposure to credit risk</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsTable" xlink:label="ifrs-full_DisclosureOfFinancialAssetsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsTable" xlink:to="ifrs-full_DisclosureOfFinancialAssetsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsTable_lbl" xml:lang="en-US">Disclosure of financial assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis" xlink:to="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountAccumulatedDepreciationAmortisationAndImpairmentAndGrossCarryingAmountAxis_lbl" xml:lang="en-US">Carrying amount, accumulated depreciation, amortisation and impairment and gross carrying amount [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CarryingAmountMember" xlink:label="ifrs-full_CarryingAmountMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CarryingAmountMember" xlink:to="ifrs-full_CarryingAmountMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CarryingAmountMember_lbl" xml:lang="en-US">Carrying amount [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossCarryingAmountMember" xlink:label="ifrs-full_GrossCarryingAmountMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossCarryingAmountMember" xlink:to="ifrs-full_GrossCarryingAmountMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Gross carrying amount [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Gross carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GrossCarryingAmountMember_lbl" xml:lang="en-US">Cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember" xlink:to="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_lbl" xml:lang="en-US">Accumulated depreciation, amortisation and impairment [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedDepreciationAmortisationAndImpairmentMember_lbl" xml:lang="en-US">Accumulated depreciation, amortisation and impairment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedImpairmentMember" xlink:label="ifrs-full_AccumulatedImpairmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedImpairmentMember" xlink:to="ifrs-full_AccumulatedImpairmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedImpairmentMember_lbl" xml:lang="en-US">Accumulated impairment [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AccumulatedImpairmentMember_lbl" xml:lang="en-US">Accumulated impairment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AccumulatedImpairmentMember_lbl" xml:lang="en-US">Impairment loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:label="ifrs-full_DisclosureOfFinancialAssetsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialAssetsLineItems" xlink:to="ifrs-full_DisclosureOfFinancialAssetsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialAssetsLineItems_lbl" xml:lang="en-US">Disclosure of financial assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssets" xlink:label="ifrs-full_FinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssets" xlink:to="ifrs-full_FinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Ending balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Beginning balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Financial assets at end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Financial assets at beginning of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssets_lbl" xml:lang="en-US">Financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoanPortfolioDeliveredAsCollateral" xlink:label="aval_LoanPortfolioDeliveredAsCollateral" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoanPortfolioDeliveredAsCollateral" xlink:to="aval_LoanPortfolioDeliveredAsCollateral_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoanPortfolioDeliveredAsCollateral_lbl" xml:lang="en-US">Loan portfolio delivered as collateral</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoanPortfolioDeliveredAsCollateral_lbl" xml:lang="en-US">Loan portfolio delivered as collateral</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoanPortfolioDeliveredAsCollateral_lbl" xml:lang="en-US">Loan portfolio delivered as collateral</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureAbstract" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCreditRiskExposureAbstract" xlink:to="ifrs-full_DisclosureOfCreditRiskExposureAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureAbstract_lbl" xml:lang="en-US">Disclosure of credit risk exposure [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCreditRiskExposureTable" xlink:to="ifrs-full_DisclosureOfCreditRiskExposureTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureTable_lbl" xml:lang="en-US">Disclosure of credit risk exposure [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis" xlink:to="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsAxis_lbl" xml:lang="en-US">Credit impairment of financial instruments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain" xlink:to="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CreditImpairmentOfFinancialInstrumentsDomain_lbl" xml:lang="en-US">Credit impairment of financial instruments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:label="ifrs-full_FinancialInstrumentsNotCreditimpairedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsNotCreditimpairedMember" xlink:to="ifrs-full_FinancialInstrumentsNotCreditimpairedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsNotCreditimpairedMember_lbl" xml:lang="en-US">Financial instruments not credit-impaired [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:label="ifrs-full_FinancialInstrumentsCreditimpairedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialInstrumentsCreditimpairedMember" xlink:to="ifrs-full_FinancialInstrumentsCreditimpairedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialInstrumentsCreditimpairedMember_lbl" xml:lang="en-US">Financial instruments credit-impaired [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis" xlink:to="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesAxis_lbl" xml:lang="en-US">Type of measurement of expected credit losses [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain" xlink:to="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypeOfMeasurementOfExpectedCreditLossesDomain_lbl" xml:lang="en-US">Type of measurement of expected credit losses [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:label="ifrs-full_TwelvemonthExpectedCreditLossesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TwelvemonthExpectedCreditLossesMember" xlink:to="ifrs-full_TwelvemonthExpectedCreditLossesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TwelvemonthExpectedCreditLossesMember_lbl" xml:lang="en-US">12-month expected credit losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LifetimeExpectedCreditLossesMember" xlink:label="ifrs-full_LifetimeExpectedCreditLossesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LifetimeExpectedCreditLossesMember" xlink:to="ifrs-full_LifetimeExpectedCreditLossesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LifetimeExpectedCreditLossesMember_lbl" xml:lang="en-US">Lifetime expected credit losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProbabilityOfDefaultAxis" xlink:label="ifrs-full_ProbabilityOfDefaultAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProbabilityOfDefaultAxis" xlink:to="ifrs-full_ProbabilityOfDefaultAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProbabilityOfDefaultAxis_lbl" xml:lang="en-US">Probability of default [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProbabilityOfDefaultDomain" xlink:label="ifrs-full_ProbabilityOfDefaultDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProbabilityOfDefaultDomain" xlink:to="ifrs-full_ProbabilityOfDefaultDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProbabilityOfDefaultDomain_lbl" xml:lang="en-US">Probability of default [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeOneMember" xlink:label="aval_RangeOneMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeOneMember" xlink:to="aval_RangeOneMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeOneMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range one.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeOneMember_lbl" xml:lang="en-US">0% - 7.5%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeTwoMember" xlink:label="aval_RangeTwoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeTwoMember" xlink:to="aval_RangeTwoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeTwoMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range two.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeTwoMember_lbl" xml:lang="en-US">7.5% - 15%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeThreeMember" xlink:label="aval_RangeThreeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeThreeMember" xlink:to="aval_RangeThreeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeThreeMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range three.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeThreeMember_lbl" xml:lang="en-US">15% - 22.5%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeFourMember" xlink:label="aval_RangeFourMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeFourMember" xlink:to="aval_RangeFourMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeFourMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range four.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeFourMember_lbl" xml:lang="en-US">22.5% - 30%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeFiveMember" xlink:label="aval_RangeFiveMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeFiveMember" xlink:to="aval_RangeFiveMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeFiveMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range five.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeFiveMember_lbl" xml:lang="en-US">30% - 45%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeSixMember" xlink:label="aval_RangeSixMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeSixMember" xlink:to="aval_RangeSixMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeSixMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range six.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeSixMember_lbl" xml:lang="en-US">45% - 60%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeSevenMember" xlink:label="aval_RangeSevenMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeSevenMember" xlink:to="aval_RangeSevenMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeSevenMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range seven.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeSevenMember_lbl" xml:lang="en-US">60% - 90%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RangeEightMember" xlink:label="aval_RangeEightMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RangeEightMember" xlink:to="aval_RangeEightMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RangeEightMember_lbl" xml:lang="en-US">This member stands for portfolio credit by probability of default for range eight.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RangeEightMember_lbl" xml:lang="en-US">&gt; 90%</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfCreditRiskExposureLineItems" xlink:to="ifrs-full_DisclosureOfCreditRiskExposureLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfCreditRiskExposureLineItems_lbl" xml:lang="en-US">Disclosure of credit risk exposure [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsSovereignDebtSecuritiesMember" xlink:label="aval_IfrsSovereignDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsSovereignDebtSecuritiesMember" xlink:to="aval_IfrsSovereignDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsSovereignDebtSecuritiesMember_lbl" xml:lang="en-US">Debt security issued by foreign government (not within the country of domicile of the entity).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsSovereignDebtSecuritiesMember_lbl" xml:lang="en-US">Sovereign</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherPublicEntitiesDebtSecuritiesMember" xlink:label="aval_OtherPublicEntitiesDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherPublicEntitiesDebtSecuritiesMember" xlink:to="aval_OtherPublicEntitiesDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherPublicEntitiesDebtSecuritiesMember_lbl" xml:lang="en-US">Other Public Entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsCorporateDebtSecuritiesMember" xlink:label="aval_IfrsCorporateDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsCorporateDebtSecuritiesMember" xlink:to="aval_IfrsCorporateDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsCorporateDebtSecuritiesMember_lbl" xml:lang="en-US">Debt securities issued by domestic or foreign corporate business, banks and other entities with a promise of repayment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsCorporateDebtSecuritiesMember_lbl" xml:lang="en-US">Corporate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialEntitiesDebtSecuritiesMember" xlink:label="aval_FinancialEntitiesDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialEntitiesDebtSecuritiesMember" xlink:to="aval_FinancialEntitiesDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialEntitiesDebtSecuritiesMember_lbl" xml:lang="en-US">Financial Entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultilateralsDebtSecuritiesMember" xlink:label="aval_MultilateralsDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultilateralsDebtSecuritiesMember" xlink:to="aval_MultilateralsDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultilateralsDebtSecuritiesMember_lbl" xml:lang="en-US">Multilaterals</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancingReceivablesByObjectiveAxis" xlink:label="aval_FinancingReceivablesByObjectiveAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancingReceivablesByObjectiveAxis" xlink:to="aval_FinancingReceivablesByObjectiveAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancingReceivablesByObjectiveAxis_lbl" xml:lang="en-US">Financing receivables by objective [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancingReceivablesByObjectiveDomain" xlink:label="aval_FinancingReceivablesByObjectiveDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancingReceivablesByObjectiveDomain" xlink:to="aval_FinancingReceivablesByObjectiveDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancingReceivablesByObjectiveDomain_lbl" xml:lang="en-US">Financing receivables by objective [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentGradeMember" xlink:label="aval_InvestmentGradeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentGradeMember" xlink:to="aval_InvestmentGradeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentGradeMember_lbl" xml:lang="en-US">Investment grade [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentGradeMember_lbl" xml:lang="en-US">Investment grade</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SpeculativeMember" xlink:label="aval_SpeculativeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SpeculativeMember" xlink:to="aval_SpeculativeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SpeculativeMember_lbl" xml:lang="en-US">Speculative grade [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SpeculativeMember_lbl" xml:lang="en-US">Speculative grade</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithoutGradeOrNotAvailableMember" xlink:label="aval_WithoutGradeOrNotAvailableMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithoutGradeOrNotAvailableMember" xlink:to="aval_WithoutGradeOrNotAvailableMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithoutGradeOrNotAvailableMember_lbl" xml:lang="en-US">Without grade or not available [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CentralBanksDebtSecuritiesMember" xlink:label="aval_CentralBanksDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CentralBanksDebtSecuritiesMember" xlink:to="aval_CentralBanksDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CentralBanksDebtSecuritiesMember_lbl" xml:lang="en-US">Central Banks</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentSecuritiesMember" xlink:label="aval_InvestmentSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentSecuritiesMember" xlink:to="aval_InvestmentSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentSecuritiesMember_lbl" xml:lang="en-US">Investment securities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentSecuritiesMember_lbl" xml:lang="en-US">Investment securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ServiceConcessionArrangementMember" xlink:label="aval_ServiceConcessionArrangementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ServiceConcessionArrangementMember" xlink:to="aval_ServiceConcessionArrangementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ServiceConcessionArrangementMember_lbl" xml:lang="en-US">Service concession arrangement [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ServiceConcessionArrangementMember_lbl" xml:lang="en-US">Service concession arrangement [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasEnergyServicesContributionsAndOthersMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasEnergyServicesContributionsAndOthersMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasEnergyServicesContributionsAndOthersMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasEnergyServicesContributionsAndOthersMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasEnergyServicesContributionsAndOthersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to gas, energy services, contributions and others [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasEnergyServicesContributionsAndOthersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to gas, energy services, contributions and others</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersSovereignMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersSovereignMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersSovereignMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersSovereignMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersSovereignMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers, sovereign [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersSovereignMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers, sovereign [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersCorporateMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersCorporateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersCorporateMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersCorporateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersCorporateMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers, corporate [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesAndContractAssetsForGovernmentAndCorporateCustomersCorporateMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables and contract assets for government and corporate customers, corporate [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToContributionsMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToContributionsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToContributionsMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToContributionsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToContributionsMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to contributions [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToContributionsMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to contributions [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to gas [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToGasMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to gas [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToEnergyServicesMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToEnergyServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToEnergyServicesMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToEnergyServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToEnergyServicesMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to energy services [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToEnergyServicesMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to energy services [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToOthersMember" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToOthersMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToOthersMember" xlink:to="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToOthersMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToOthersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to others [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableGeneralApproachOtherAccountsReceivablesRelatedToOthersMember_lbl" xml:lang="en-US">Other accounts receivable, general approach, other accounts receivables related to others [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TradeReceivablesAndContractAssetsFromIndividualCustomersMember" xlink:label="aval_TradeReceivablesAndContractAssetsFromIndividualCustomersMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TradeReceivablesAndContractAssetsFromIndividualCustomersMember" xlink:to="aval_TradeReceivablesAndContractAssetsFromIndividualCustomersMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TradeReceivablesAndContractAssetsFromIndividualCustomersMember_lbl" xml:lang="en-US">Represents information pertaining to trade receivables and contract assets from individual customers.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradeReceivablesAndContractAssetsFromIndividualCustomersMember_lbl" xml:lang="en-US">Trade Receivables And Contract Assets From Individual Customers</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastDueStatusAxis" xlink:label="ifrs-full_PastDueStatusAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusAxis" xlink:to="ifrs-full_PastDueStatusAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusAxis_lbl" xml:lang="en-US">Past due status [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastDueStatusDomain" xlink:label="ifrs-full_PastDueStatusDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastDueStatusDomain" xlink:to="ifrs-full_PastDueStatusDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastDueStatusDomain_lbl" xml:lang="en-US">Past due status [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneMonthMember" xlink:label="ifrs-full_NotLaterThanOneMonthMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneMonthMember" xlink:to="ifrs-full_NotLaterThanOneMonthMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneMonthMember_lbl" xml:lang="en-US">Not later than one month [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneMonthMember_lbl" xml:lang="en-US">Up to 1 month</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember" xlink:to="ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanTwoMonthsMember_lbl" xml:lang="en-US">Later than one month and not later than two months [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwoMonthsAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">Later than two months and not later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanThreeMonthsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanThreeMonthsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsMember_lbl" xml:lang="en-US">Later than three months [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedCreditLossRate" xlink:label="ifrs-full_ExpectedCreditLossRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpectedCreditLossRate" xlink:to="ifrs-full_ExpectedCreditLossRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpectedCreditLossRate_lbl" xml:lang="en-US">Expected credit loss rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CounterpartiesAxis" xlink:label="ifrs-full_CounterpartiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesAxis" xlink:to="ifrs-full_CounterpartiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CounterpartiesAxis_lbl" xml:lang="en-US">Counterparties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CounterpartiesDomain" xlink:label="ifrs-full_CounterpartiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CounterpartiesDomain" xlink:to="ifrs-full_CounterpartiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CounterpartiesDomain_lbl" xml:lang="en-US">Counterparties [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CentralCounterpartiesMember" xlink:label="aval_CentralCounterpartiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CentralCounterpartiesMember" xlink:to="aval_CentralCounterpartiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CentralCounterpartiesMember_lbl" xml:lang="en-US">Central counterparties [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CentralCounterpartiesMember_lbl" xml:lang="en-US">Central counterparties [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotionalAmount" xlink:label="ifrs-full_NotionalAmount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotionalAmount" xlink:to="ifrs-full_NotionalAmount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Notional amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotionalAmount_lbl" xml:lang="en-US">Notional amount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialLiabilitiesTable" xlink:to="ifrs-full_DisclosureOfFinancialLiabilitiesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesTable_lbl" xml:lang="en-US">Disclosure of financial liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfLiabilitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfLiabilitiesAxis_lbl" xml:lang="en-US">Classes of liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfLiabilitiesDomain" xlink:label="ifrs-full_ClassesOfLiabilitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfLiabilitiesDomain" xlink:to="ifrs-full_ClassesOfLiabilitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfLiabilitiesDomain_lbl" xml:lang="en-US">Classes of liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Classes of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfFinancialLiabilitiesDomain" xlink:to="ifrs-full_ClassesOfFinancialLiabilitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfFinancialLiabilitiesDomain_lbl" xml:lang="en-US">Classes of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValueMember" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueMember_lbl" xml:lang="en-US">Financial liabilities at fair value, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TradingDerivativesMember" xlink:label="aval_TradingDerivativesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TradingDerivativesMember" xlink:to="aval_TradingDerivativesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TradingDerivativesMember_lbl" xml:lang="en-US">Trading derivatives [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradingDerivativesMember_lbl" xml:lang="en-US">Trading derivatives [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialLiabilitiesAxis" xlink:to="ifrs-full_CategoriesOfFinancialLiabilitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesAxis_lbl" xml:lang="en-US">Categories of financial liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfFinancialLiabilitiesDomain" xlink:to="ifrs-full_CategoriesOfFinancialLiabilitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfFinancialLiabilitiesDomain_lbl" xml:lang="en-US">Categories of financial liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValueThroughProfitOrLossCategoryMember_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:label="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember" xlink:to="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_lbl" xml:lang="en-US">This member stands for financial liabilities at fair value through profit or loss, classified as held for trading, category.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossClassifiedAsHeldForTradingCategoryMember_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss, classified as held for trading, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFinancialLiabilitiesLineItems" xlink:to="ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFinancialLiabilitiesLineItems_lbl" xml:lang="en-US">Disclosure of financial liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilities" xlink:label="ifrs-full_FinancialLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilities" xlink:to="ifrs-full_FinancialLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilities_lbl" xml:lang="en-US">Financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilities_lbl" xml:lang="en-US">Financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:label="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember" xlink:to="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss, mandatorily measured at fair value, category [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialLiabilitiesAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueCategoryMember_lbl" xml:lang="en-US">Financial liabilities at fair value through profit or loss, mandatorily measured at fair value, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashCollateralOnDerivatives" xlink:label="aval_CashCollateralOnDerivatives" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashCollateralOnDerivatives" xlink:to="aval_CashCollateralOnDerivatives_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CashCollateralOnDerivatives_lbl" xml:lang="en-US">The amount of cash collateral on derivative transactions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashCollateralOnDerivatives_lbl" xml:lang="en-US">Cash Collateral On Derivatives</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CashCollateralOnDerivatives_lbl" xml:lang="en-US">Collateralization of cash</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashAndCashEquivalentsWithCentralBankMember" xlink:label="aval_CashAndCashEquivalentsWithCentralBankMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashAndCashEquivalentsWithCentralBankMember" xlink:to="aval_CashAndCashEquivalentsWithCentralBankMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashAndCashEquivalentsWithCentralBankMember_lbl" xml:lang="en-US">Cash and cash equivalents with Central Bank [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CashAndCashEquivalentsWithCentralBankMember_lbl" xml:lang="en-US">Central bank</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashAndCashEquivalentsFinancialEntitiesMember" xlink:label="aval_CashAndCashEquivalentsFinancialEntitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashAndCashEquivalentsFinancialEntitiesMember" xlink:to="aval_CashAndCashEquivalentsFinancialEntitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashAndCashEquivalentsFinancialEntitiesMember_lbl" xml:lang="en-US">Cash and cash equivalents, financial entities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CashAndCashEquivalentsFinancialEntitiesMember_lbl" xml:lang="en-US">Financial entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashAndCashEquivalentsChecksInClearingMember" xlink:label="aval_CashAndCashEquivalentsChecksInClearingMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashAndCashEquivalentsChecksInClearingMember" xlink:to="aval_CashAndCashEquivalentsChecksInClearingMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CashAndCashEquivalentsChecksInClearingMember_lbl" xml:lang="en-US">Cash And Cash Equivalents, Checks in Clearing [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashAndCashEquivalentsChecksInClearingMember_lbl" xml:lang="en-US">Cash And Cash Equivalents, Checks in Clearing [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashEquivalents" xlink:label="ifrs-full_CashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashEquivalents" xlink:to="ifrs-full_CashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashEquivalents_lbl" xml:lang="en-US">Cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashOnHand" xlink:label="ifrs-full_CashOnHand" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashOnHand" xlink:to="ifrs-full_CashOnHand_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashOnHand_lbl" xml:lang="en-US">Cash on hand</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CashOnHand_lbl" xml:lang="en-US">Cash held by entity</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsLoanToValueAxis" xlink:label="aval_IfrsLoanToValueAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsLoanToValueAxis" xlink:to="aval_IfrsLoanToValueAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsLoanToValueAxis_lbl" xml:lang="en-US">Information by loan-to-value (LTV) ratio, for example, but not limited to, 80% to 100%. Element name and standard label in LTV [numeric lower end] to [numeric higher end] Percent [Member] or LTV Greater Than [low end numeric value] Percent [Member] or LTV Less Than [high end numeric value] Percent [Member] formats.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsLoanToValueAxis_lbl" xml:lang="en-US">Ifrs Loan to Value [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsLoanToValueDomain" xlink:label="aval_IfrsLoanToValueDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsLoanToValueDomain" xlink:to="aval_IfrsLoanToValueDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsLoanToValueDomain_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio, for example, but not limited to, 80% to 100%. Element name and standard label in LTV [numeric lower end] to [numeric higher end] Percent [Member] or LTV Greater Than [low end numeric value] Percent [Member] or LTV Less Than [high end numeric value] Percent [Member] formats.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsLoanToValueDomain_lbl" xml:lang="en-US">Ifrs Loan to Value [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LtvLessThan50PercentMember" xlink:label="aval_LtvLessThan50PercentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LtvLessThan50PercentMember" xlink:to="aval_LtvLessThan50PercentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LtvLessThan50PercentMember_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio less than 50%. Element name and standard label in LTV Greater Than [low end numeric value] Percent [Member] or LTV Less Than [high end numeric value] Percent [Member] formats.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LtvLessThan50PercentMember_lbl" xml:lang="en-US">Less than 50%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Ltv51To70PercentMember" xlink:label="aval_Ltv51To70PercentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Ltv51To70PercentMember" xlink:to="aval_Ltv51To70PercentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Ltv51To70PercentMember_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio from 51 to 70%. Element name and standard label in LTV [numeric lower end] to [numeric higher end] Percent [Member] format.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Ltv51To70PercentMember_lbl" xml:lang="en-US">51 - 70%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Ltv71To90PercentMember" xlink:label="aval_Ltv71To90PercentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Ltv71To90PercentMember" xlink:to="aval_Ltv71To90PercentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Ltv71To90PercentMember_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio from 71 to 90%. Element name and standard label in LTV [numeric lower end] to [numeric higher end] Percent [Member] format.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Ltv71To90PercentMember_lbl" xml:lang="en-US">71 - 90%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Ltv90To100PercentMember" xlink:label="aval_Ltv90To100PercentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Ltv90To100PercentMember" xlink:to="aval_Ltv90To100PercentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Ltv90To100PercentMember_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio from 90 to 100%. Element name and standard label in LTV [numeric lower end] to [numeric higher end] Percent [Member] format.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Ltv90To100PercentMember_lbl" xml:lang="en-US">91 - 100%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LtvMoreThan70PercentMember" xlink:label="aval_LtvMoreThan70PercentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LtvMoreThan70PercentMember" xlink:to="aval_LtvMoreThan70PercentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LtvMoreThan70PercentMember_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio more than 70%. Element name and standard label in LTV Greater Than [low end numeric value] Percent [Member] or LTV Less Than [high end numeric value] Percent [Member] formats.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LtvMoreThan70PercentMember_lbl" xml:lang="en-US">More than 70%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LtvMoreThan100PercentMember" xlink:label="aval_LtvMoreThan100PercentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LtvMoreThan100PercentMember" xlink:to="aval_LtvMoreThan100PercentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LtvMoreThan100PercentMember_lbl" xml:lang="en-US">Loan-to-value (LTV) ratio more than 100%. Element name and standard label in LTV Greater Than [low end numeric value] Percent [Member] or LTV Less Than [high end numeric value] Percent [Member] formats.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LtvMoreThan100PercentMember_lbl" xml:lang="en-US">More than 100%</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnsecuredCreditsMember" xlink:label="aval_UnsecuredCreditsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnsecuredCreditsMember" xlink:to="aval_UnsecuredCreditsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnsecuredCreditsMember_lbl" xml:lang="en-US">Unsecured credits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoansSecuredByOtherBanksMember" xlink:label="aval_LoansSecuredByOtherBanksMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoansSecuredByOtherBanksMember" xlink:to="aval_LoansSecuredByOtherBanksMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoansSecuredByOtherBanksMember_lbl" xml:lang="en-US">Loans secured by other banks</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedMortgagesMember" xlink:label="aval_CollateralizedMortgagesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedMortgagesMember" xlink:to="aval_CollateralizedMortgagesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedMortgagesMember_lbl" xml:lang="en-US">Collateralized Mortgages</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedOtherRealEstateMember" xlink:label="aval_CollateralizedOtherRealEstateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedOtherRealEstateMember" xlink:to="aval_CollateralizedOtherRealEstateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedOtherRealEstateMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedOtherRealEstateMember_lbl" xml:lang="en-US">Collateralized other real estate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedInvestmentsInEquityInstrumentsMember" xlink:label="aval_CollateralizedInvestmentsInEquityInstrumentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedInvestmentsInEquityInstrumentsMember" xlink:to="aval_CollateralizedInvestmentsInEquityInstrumentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedInvestmentsInEquityInstrumentsMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedInvestmentsInEquityInstrumentsMember_lbl" xml:lang="en-US">Collateralized investments in equity instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedDepositsInCashOrCashEquivalentsMember" xlink:label="aval_CollateralizedDepositsInCashOrCashEquivalentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedDepositsInCashOrCashEquivalentsMember" xlink:to="aval_CollateralizedDepositsInCashOrCashEquivalentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedDepositsInCashOrCashEquivalentsMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedDepositsInCashOrCashEquivalentsMember_lbl" xml:lang="en-US">Collateralized deposits in cash or cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedLeasedMachineriesAndVehiclesMember" xlink:label="aval_CollateralizedLeasedMachineriesAndVehiclesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedLeasedMachineriesAndVehiclesMember" xlink:to="aval_CollateralizedLeasedMachineriesAndVehiclesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedLeasedMachineriesAndVehiclesMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedLeasedMachineriesAndVehiclesMember_lbl" xml:lang="en-US">Collateralized leased machineries and vehicles</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedFiduciaryAgreementsStandByLettersAndGuaranteeFundsMember" xlink:label="aval_CollateralizedFiduciaryAgreementsStandByLettersAndGuaranteeFundsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedFiduciaryAgreementsStandByLettersAndGuaranteeFundsMember" xlink:to="aval_CollateralizedFiduciaryAgreementsStandByLettersAndGuaranteeFundsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedFiduciaryAgreementsStandByLettersAndGuaranteeFundsMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedFiduciaryAgreementsStandByLettersAndGuaranteeFundsMember_lbl" xml:lang="en-US">Collateralized fiduciary agreements stand by letters and guarantee funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedPledgedIncomeMember" xlink:label="aval_CollateralizedPledgedIncomeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedPledgedIncomeMember" xlink:to="aval_CollateralizedPledgedIncomeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedPledgedIncomeMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedPledgedIncomeMember_lbl" xml:lang="en-US">Collateralized pledged income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedPledgesMember" xlink:label="aval_CollateralizedPledgesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedPledgesMember" xlink:to="aval_CollateralizedPledgesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedPledgesMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedPledgesMember_lbl" xml:lang="en-US">Collateralized pledges</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollateralizedOtherAssetsMember" xlink:label="aval_CollateralizedOtherAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollateralizedOtherAssetsMember" xlink:to="aval_CollateralizedOtherAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollateralizedOtherAssetsMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollateralizedOtherAssetsMember_lbl" xml:lang="en-US">Collateralized other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TwelveMonthExpectedCreditLossesAndLifetimeExpectedCreditLossesMember" xlink:label="aval_TwelveMonthExpectedCreditLossesAndLifetimeExpectedCreditLossesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TwelveMonthExpectedCreditLossesAndLifetimeExpectedCreditLossesMember" xlink:to="aval_TwelveMonthExpectedCreditLossesAndLifetimeExpectedCreditLossesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TwelveMonthExpectedCreditLossesAndLifetimeExpectedCreditLossesMember_lbl" xml:lang="en-US">Twelve-month expected credit losses and lifetime expected credit losses [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TwelveMonthExpectedCreditLossesAndLifetimeExpectedCreditLossesMember_lbl" xml:lang="en-US">Twelve-month expected credit losses and lifetime expected credit losses [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsIdentifiableCollateralCarryingAmount" xlink:label="aval_FinancialAssetsIdentifiableCollateralCarryingAmount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsIdentifiableCollateralCarryingAmount" xlink:to="aval_FinancialAssetsIdentifiableCollateralCarryingAmount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsIdentifiableCollateralCarryingAmount_lbl" xml:lang="en-US">Financial assets, identifiable collateral, carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsIdentifiableCollateralCarryingAmount_lbl" xml:lang="en-US">Financial assets, identifiable collateral, carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsIdentifiableCollateralCarryingAmount_lbl" xml:lang="en-US">Financial assets, identifiable collateral, carrying amount</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsIdentifiableCollateralFairValue" xlink:label="aval_FinancialAssetsIdentifiableCollateralFairValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsIdentifiableCollateralFairValue" xlink:to="aval_FinancialAssetsIdentifiableCollateralFairValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsIdentifiableCollateralFairValue_lbl" xml:lang="en-US">Financial assets, identifiable collateral, fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsIdentifiableCollateralFairValue_lbl" xml:lang="en-US">Financial assets, identifiable collateral, fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsIdentifiableCollateralFairValue_lbl" xml:lang="en-US">Financial assets, identifiable collateral, fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_StatementScenarioAxis" xlink:label="srt_StatementScenarioAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_StatementScenarioAxis" xlink:to="srt_StatementScenarioAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_StatementScenarioAxis_lbl" xml:lang="en-US">Scenario [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScenarioUnspecifiedDomain" xlink:label="srt_ScenarioUnspecifiedDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioUnspecifiedDomain" xlink:to="srt_ScenarioUnspecifiedDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScenarioUnspecifiedDomain_lbl" xml:lang="en-US">Scenario [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScenarioMember" xlink:label="aval_ScenarioMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ScenarioMember" xlink:to="aval_ScenarioMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ScenarioMember_lbl" xml:lang="en-US">This member stands for Scenario A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScenarioMember_lbl" xml:lang="en-US">Scenario A</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScenarioBMember" xlink:label="aval_ScenarioBMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ScenarioBMember" xlink:to="aval_ScenarioBMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ScenarioBMember_lbl" xml:lang="en-US">This member stands for Scenario B.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScenarioBMember_lbl" xml:lang="en-US">Scenario B</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ScenarioCMember" xlink:label="aval_ScenarioCMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ScenarioCMember" xlink:to="aval_ScenarioCMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ScenarioCMember_lbl" xml:lang="en-US">This member stands for Scenario C.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ScenarioCMember_lbl" xml:lang="en-US">Scenario C</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InflationRatePercentage" xlink:label="aval_InflationRatePercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InflationRatePercentage" xlink:to="aval_InflationRatePercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InflationRatePercentage_lbl" xml:lang="en-US">Inflation rate, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InflationRatePercentage_lbl" xml:lang="en-US">Inflation rate, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InflationRatePercentage_lbl" xml:lang="en-US">Inflation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InflationRatePercentageOneYearProjection" xlink:label="aval_InflationRatePercentageOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InflationRatePercentageOneYearProjection" xlink:to="aval_InflationRatePercentageOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InflationRatePercentageOneYearProjection_lbl" xml:lang="en-US">Inflation rate, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InflationRatePercentageOneYearProjection_lbl" xml:lang="en-US">Inflation rate, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InflationRatePercentageOneYearProjection_lbl" xml:lang="en-US">Inflation, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DtfInterestRatePercentage" xlink:label="aval_DtfInterestRatePercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DtfInterestRatePercentage" xlink:to="aval_DtfInterestRatePercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DtfInterestRatePercentage_lbl" xml:lang="en-US">DTF interest rate percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DtfInterestRatePercentage_lbl" xml:lang="en-US">DTF interest rate percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DtfInterestRatePercentage_lbl" xml:lang="en-US">DTF Interest rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DtfInterestRatePercentageOnOneYearProjection" xlink:label="aval_DtfInterestRatePercentageOnOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DtfInterestRatePercentageOnOneYearProjection" xlink:to="aval_DtfInterestRatePercentageOnOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DtfInterestRatePercentageOnOneYearProjection_lbl" xml:lang="en-US">DTF interest rate percentage on one year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DtfInterestRatePercentageOnOneYearProjection_lbl" xml:lang="en-US">DTF interest rate percentage on one year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DtfInterestRatePercentageOnOneYearProjection_lbl" xml:lang="en-US">DTF Interest rate, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GdpGrowthPercentage" xlink:label="aval_GdpGrowthPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GdpGrowthPercentage" xlink:to="aval_GdpGrowthPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GdpGrowthPercentage_lbl" xml:lang="en-US">GDP growth, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GdpGrowthPercentage_lbl" xml:lang="en-US">GDP growth, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GdpGrowthPercentage_lbl" xml:lang="en-US">GDP Growth</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GdpGrowthPercentageOneYearProjection" xlink:label="aval_GdpGrowthPercentageOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GdpGrowthPercentageOneYearProjection" xlink:to="aval_GdpGrowthPercentageOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GdpGrowthPercentageOneYearProjection_lbl" xml:lang="en-US">GDP growth, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GdpGrowthPercentageOneYearProjection_lbl" xml:lang="en-US">GDP growth, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GdpGrowthPercentageOneYearProjection_lbl" xml:lang="en-US">GDP Growth, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MonthlyIndicatorOfEconomicActivityPercentage" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MonthlyIndicatorOfEconomicActivityPercentage" xlink:to="aval_MonthlyIndicatorOfEconomicActivityPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentage_lbl" xml:lang="en-US">Monthly indicator of economic activity, percentage.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentage_lbl" xml:lang="en-US">Monthly Indicator of Economic Activity, Percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentage_lbl" xml:lang="en-US">IMAE, percentage</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection" xlink:to="aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection_lbl" xml:lang="en-US">Monthly indicator of economic activity, percentage, one-year projection.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection_lbl" xml:lang="en-US">Monthly Indicator of Economic Activity, Percentage, One-Year Projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MonthlyIndicatorOfEconomicActivityPercentageOneYearProjection_lbl" xml:lang="en-US">IMAE, percentage, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestRatePercentageOnOneYearProjection" xlink:label="aval_InterestRatePercentageOnOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestRatePercentageOnOneYearProjection" xlink:to="aval_InterestRatePercentageOnOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestRatePercentageOnOneYearProjection_lbl" xml:lang="en-US">Interest rate percentage on one year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestRatePercentageOnOneYearProjection_lbl" xml:lang="en-US">Interest Rate Percentage On One Year Projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestRatePercentageOnOneYearProjection_lbl" xml:lang="en-US">Interest rate, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NominalInterestRateVariationPercentage" xlink:label="aval_NominalInterestRateVariationPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NominalInterestRateVariationPercentage" xlink:to="aval_NominalInterestRateVariationPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NominalInterestRateVariationPercentage_lbl" xml:lang="en-US">Nominal interest rate variation, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NominalInterestRateVariationPercentage_lbl" xml:lang="en-US">Nominal interest rate variation, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NominalInterestRateVariationPercentage_lbl" xml:lang="en-US">Nominal interest rate variation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NominalInterestRateVariationPercentageOneYearProjection" xlink:label="aval_NominalInterestRateVariationPercentageOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NominalInterestRateVariationPercentageOneYearProjection" xlink:to="aval_NominalInterestRateVariationPercentageOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NominalInterestRateVariationPercentageOneYearProjection_lbl" xml:lang="en-US">Nominal interest rate variation, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NominalInterestRateVariationPercentageOneYearProjection_lbl" xml:lang="en-US">Nominal interest rate variation, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NominalInterestRateVariationPercentageOneYearProjection_lbl" xml:lang="en-US">Nominal interest rate variation, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnemploymentRatePercentage" xlink:label="aval_UnemploymentRatePercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnemploymentRatePercentage" xlink:to="aval_UnemploymentRatePercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_UnemploymentRatePercentage_lbl" xml:lang="en-US">Unemployment rate, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnemploymentRatePercentage_lbl" xml:lang="en-US">Unemployment rate, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_UnemploymentRatePercentage_lbl" xml:lang="en-US">Unemployment rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnemploymentRatePercentageOneYearProjection" xlink:label="aval_UnemploymentRatePercentageOneYearProjection" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnemploymentRatePercentageOneYearProjection" xlink:to="aval_UnemploymentRatePercentageOneYearProjection_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_UnemploymentRatePercentageOneYearProjection_lbl" xml:lang="en-US">Unemployment rate, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnemploymentRatePercentageOneYearProjection_lbl" xml:lang="en-US">Unemployment rate, percentage, one-year projection</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_UnemploymentRatePercentageOneYearProjection_lbl" xml:lang="en-US">Unemployment rate, one-year projection</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses" xlink:label="aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses" xlink:to="aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses_lbl" xml:lang="en-US">Percentage of scenario probability weighting in measuring ECL.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses_lbl" xml:lang="en-US">Percentage Of Scenario Probability Weighting In Measuring Expected Credit Losses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfScenarioProbabilityWeightingInMeasuringExpectedCreditLosses_lbl" xml:lang="en-US">Scenario probability weighting in measuring ECL (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProportionOfLossAllowanceToGrossExposure" xlink:label="aval_ProportionOfLossAllowanceToGrossExposure" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProportionOfLossAllowanceToGrossExposure" xlink:to="aval_ProportionOfLossAllowanceToGrossExposure_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProportionOfLossAllowanceToGrossExposure_lbl" xml:lang="en-US">Proportion of loss allowance to gross exposure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProportionOfLossAllowanceToGrossExposure_lbl" xml:lang="en-US">Proportion Of Loss Allowance To Gross Exposure</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ProportionOfLossAllowanceToGrossExposure_lbl" xml:lang="en-US">Proportion of Assets in Stage 2</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LossGivenDefaultRecoveryRatesWeightage" xlink:label="aval_LossGivenDefaultRecoveryRatesWeightage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LossGivenDefaultRecoveryRatesWeightage" xlink:to="aval_LossGivenDefaultRecoveryRatesWeightage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LossGivenDefaultRecoveryRatesWeightage_lbl" xml:lang="en-US">The percentage of loss given default recovery rate weightage.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LossGivenDefaultRecoveryRatesWeightage_lbl" xml:lang="en-US">Loss Given Default Recovery Rates Weightage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_LossGivenDefaultRecoveryRatesWeightage_lbl" xml:lang="en-US">LGD recovery rate weights</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances" xlink:to="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_lbl" xml:lang="en-US">Impairment loss (reversal of impairment loss) recognised in profit or loss, loans and advances</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossReversalOfImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_lbl" xml:lang="en-US">Loss allowance - costs and expenses of sales goods and services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithoutRecognizedProvisionMember" xlink:label="aval_WithoutRecognizedProvisionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithoutRecognizedProvisionMember" xlink:to="aval_WithoutRecognizedProvisionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WithoutRecognizedProvisionMember_lbl" xml:lang="en-US">Without recognized provision [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithoutRecognizedProvisionMember_lbl" xml:lang="en-US">Without recognized provision [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_WithoutRecognizedProvisionMember_lbl" xml:lang="en-US">Without recognized provision</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithRecognizedProvisionMember" xlink:label="aval_WithRecognizedProvisionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithRecognizedProvisionMember" xlink:to="aval_WithRecognizedProvisionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WithRecognizedProvisionMember_lbl" xml:lang="en-US">With recognized provision [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithRecognizedProvisionMember_lbl" xml:lang="en-US">With recognized provision [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_WithRecognizedProvisionMember_lbl" xml:lang="en-US">With recognized provision</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:label="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis" xlink:to="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesAxis_lbl" xml:lang="en-US">Method of assessment of expected credit losses [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:label="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain" xlink:to="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MethodOfAssessmentOfExpectedCreditLossesDomain_lbl" xml:lang="en-US">Method of assessment of expected credit losses [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:label="ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember" xlink:to="ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpectedCreditLossesIndividuallyAssessedMember_lbl" xml:lang="en-US">Expected credit losses individually assessed [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsLoansCollateralGuarantees" xlink:label="aval_FinancialAssetsLoansCollateralGuarantees" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsLoansCollateralGuarantees" xlink:to="aval_FinancialAssetsLoansCollateralGuarantees_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsLoansCollateralGuarantees_lbl" xml:lang="en-US">Financial assets, loans, collateral guarantees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsLoansCollateralGuarantees_lbl" xml:lang="en-US">Financial assets, loans, collateral guarantees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsLoansCollateralGuarantees_lbl" xml:lang="en-US">Financial assets, loans, collateral guarantees</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransferFromStage1ToStage2" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2" xlink:to="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2_lbl" xml:lang="en-US">The amount of increase (decrease) through transfers of financial assets from stage 1 to stage 2.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2_lbl" xml:lang="en-US">Increase (Decrease) through Transfer From Stage 1 to Stage 2</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2_lbl" xml:lang="en-US">Transfer from stage 1 to stage 2</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage2_lbl" xml:lang="en-US">Transfer from stage 1 to stage 2</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransferFromStage1ToStage3" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3" xlink:to="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3_lbl" xml:lang="en-US">The amount of increase (decrease) through transfers of financial assets from stage 1 to stage 3.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3_lbl" xml:lang="en-US">Increase (Decrease) through Transfer From Stage 1 to Stage 3</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3_lbl" xml:lang="en-US">Transfer from stage 1 to stage 3</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage1ToStage3_lbl" xml:lang="en-US">Transfer from stage 1 to stage 3</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransferFromStage2ToStage3" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3" xlink:to="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3_lbl" xml:lang="en-US">The amount of increase (decrease) through transfers of financial assets from stage 2 to stage 3.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3_lbl" xml:lang="en-US">Increase (Decrease) through Transfer From Stage 2 to Stage 3</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3_lbl" xml:lang="en-US">Transfer from stage 2 to stage 3</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage3_lbl" xml:lang="en-US">Transfer from stage 2 to stage 3</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransferFromStage3ToStage2" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2" xlink:to="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2_lbl" xml:lang="en-US">The amount of increase (decrease) through transfers of financial assets from stage 3 to stage 2.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2_lbl" xml:lang="en-US">Increase (Decrease) through Transfer From Stage 3 to Stage 2</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2_lbl" xml:lang="en-US">Transfer from stage 3 to stage 2</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage2_lbl" xml:lang="en-US">Transfer from stage 3 to stage 2</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransferFromStage2ToStage1" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1" xlink:to="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1_lbl" xml:lang="en-US">The amount of increase (decrease) through transfers of financial assets from stage 2 to stage 1.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1_lbl" xml:lang="en-US">Increase (Decrease) through Transfer From Stage 2 to Stage 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1_lbl" xml:lang="en-US">Transfer from stage 2 to stage 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage2ToStage1_lbl" xml:lang="en-US">Transfer from stage 2 to stage 1</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransferFromStage3ToStage1" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1" xlink:to="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1_lbl" xml:lang="en-US">The amount of increase (decrease) through transfers of financial assets from stage 3 to stage 1.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1_lbl" xml:lang="en-US">Increase (Decrease) through Transfer From Stage 3 to Stage 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1_lbl" xml:lang="en-US">Transfer from stage 3 to stage 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransferFromStage3ToStage1_lbl" xml:lang="en-US">Transfer from stage 3 to stage 1</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet" xlink:label="aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet" xlink:to="aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet_lbl" xml:lang="en-US">The increase (decrease) in remeasurement of loss allowance, net.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet_lbl" xml:lang="en-US">Increase (Decrease) Remeasurement Of Loss Allowance Net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseRemeasurementOfLossAllowanceNet_lbl" xml:lang="en-US">Net remeasurement of loss allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:label="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets" xlink:to="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_lbl" xml:lang="en-US">Increase through origination or purchase, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_lbl" xml:lang="en-US">New financial assets originated or purchased / Provision charged to profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_lbl" xml:lang="en-US">New financial assets originated or purchased</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseThroughOriginationOrPurchaseFinancialAssets_lbl" xml:lang="en-US">Additions or new concession arrangements</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughDerecognitionFinancialAssets" xlink:label="ifrs-full_DecreaseThroughDerecognitionFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughDerecognitionFinancialAssets" xlink:to="ifrs-full_DecreaseThroughDerecognitionFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughDerecognitionFinancialAssets_lbl" xml:lang="en-US">Decrease through derecognition, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughDerecognitionFinancialAssets_lbl" xml:lang="en-US">Financial assets that have been paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DecreaseThroughDerecognitionFinancialAssets_lbl" xml:lang="en-US">Financial assets that have been derecognized/paid</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughSaleFinancialAssets" xlink:label="aval_DecreaseThroughSaleFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughSaleFinancialAssets" xlink:to="aval_DecreaseThroughSaleFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughSaleFinancialAssets_lbl" xml:lang="en-US">Decrease through sale, financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughSaleFinancialAssets_lbl" xml:lang="en-US">Decrease Through Sale, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseThroughSaleFinancialAssets_lbl" xml:lang="en-US">Sales of portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughUnwindingOfDiscount" xlink:label="aval_IncreaseDecreaseThroughUnwindingOfDiscount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughUnwindingOfDiscount" xlink:to="aval_IncreaseDecreaseThroughUnwindingOfDiscount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughUnwindingOfDiscount_lbl" xml:lang="en-US">The increase (decrease) due to unwinding of discount.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughUnwindingOfDiscount_lbl" xml:lang="en-US">Increase (Decrease) Through Unwinding Of Discount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughUnwindingOfDiscount_lbl" xml:lang="en-US">Unwind of discount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) through foreign exchange and other movements, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_lbl" xml:lang="en-US">FX and other movements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeAndOtherMovementsFinancialAssets_lbl" xml:lang="en-US">FX and other movements</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughDiscontinuedOperations" xlink:label="aval_IncreaseDecreaseThroughDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughDiscontinuedOperations" xlink:to="aval_IncreaseDecreaseThroughDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughDiscontinuedOperations_lbl" xml:lang="en-US">Increase (decrease) through discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughDiscontinuedOperations_lbl" xml:lang="en-US">Increase (decrease) through discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseThroughDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughEntityDeconsolidationFinancialAssets" xlink:label="aval_DecreaseThroughEntityDeconsolidationFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughEntityDeconsolidationFinancialAssets" xlink:to="aval_DecreaseThroughEntityDeconsolidationFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughEntityDeconsolidationFinancialAssets_lbl" xml:lang="en-US">Decrease through entity deconsolidation, financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughEntityDeconsolidationFinancialAssets_lbl" xml:lang="en-US">Decrease Through Entity Deconsolidation, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseThroughEntityDeconsolidationFinancialAssets_lbl" xml:lang="en-US">Entity deconsolidation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets" xlink:label="aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets" xlink:to="aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets_lbl" xml:lang="en-US">Increase through provision charged to profit or loss, financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets_lbl" xml:lang="en-US">Increase Through Provision Charged to Profit or Loss, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseThroughProvisionChargedToProfitOrLossFinancialAssets_lbl" xml:lang="en-US">Provision charged to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughReclassificationFinancialAssets" xlink:label="aval_IncreaseDecreaseThroughReclassificationFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughReclassificationFinancialAssets" xlink:to="aval_IncreaseDecreaseThroughReclassificationFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughReclassificationFinancialAssets_lbl" xml:lang="en-US">Increase (Decrease) Through Reclassification, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughReclassificationFinancialAssets_lbl" xml:lang="en-US">Increase (Decrease) Through Reclassification, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="aval_IncreaseDecreaseThroughReclassificationFinancialAssets_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets" xlink:label="aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets" xlink:to="aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets_lbl" xml:lang="en-US">Decrease through recovery for partial payments, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets_lbl" xml:lang="en-US">Decrease through recovery for partial payments, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseThroughRecoveryForPartialPaymentsFinancialAssets_lbl" xml:lang="en-US">Recovery for partial payments from the clients</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughWriteoffFinancialAssets" xlink:to="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" xml:lang="en-US">Decrease through write-off, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" xml:lang="en-US">Collections during the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" xml:lang="en-US">Write-offs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DecreaseThroughWriteoffFinancialAssets_lbl" xml:lang="en-US">Write-offs</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) through foreign exchange, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughForeignExchangeFinancialAssets_lbl" xml:lang="en-US">Exchange gains (losses) in foreign currency</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade" xlink:label="aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade" xlink:to="aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade_lbl" xml:lang="en-US">The amount of impact of measurement of ECL due to changes made in PDs/LGDs/EADs and changes made to model assumptions and methodologies.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade_lbl" xml:lang="en-US">Impact Of Measurement Of Expected Credit Losses Due To Changes Made</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ImpactOfMeasurementOfExpectedCreditLossesDueToChangesMade_lbl" xml:lang="en-US">Impact of the measurement of ECL</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans" xlink:label="aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans" xlink:to="aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans_lbl" xml:lang="en-US">The amount of increase (decrease) in other receivables associated with loans.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans_lbl" xml:lang="en-US">Increase (Decrease) in Other Receivables Associated with Loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseInOtherReceivablesAssociatedWithLoans_lbl" xml:lang="en-US">Net remeasurement of amortized cost and other receivables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets" xlink:to="aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets_lbl" xml:lang="en-US">Decrease through sale of impaired loans portfolio, loss allowances, financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets_lbl" xml:lang="en-US">Decrease Through Sale of Impaired Loans Portfolio, Loss Allowances, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioLossAllowancesFinancialAssets_lbl" xml:lang="en-US">Sale of loan portfolio - loss allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets" xlink:to="aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets_lbl" xml:lang="en-US">The decrease in financial assets resulting from sale of impaired cash loans portfolio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets_lbl" xml:lang="en-US">Decrease Through Sale of Impaired Loans Portfolio, Cash, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseThroughSaleOfImpairedLoansPortfolioCashFinancialAssets_lbl" xml:lang="en-US">Sale of loan portfolio - cash</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets" xlink:label="aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets" xlink:to="aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) through gain or loss on portfolio sale, financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets_lbl" xml:lang="en-US">Increase (Decrease) Through Gain or Loss on Portfolio Sale, Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughGainOrLossOnPortfolioSaleFinancialAssets_lbl" xml:lang="en-US">Gain or loss on sale portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TrmVariationWithinOneYear" xlink:label="aval_TrmVariationWithinOneYear" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TrmVariationWithinOneYear" xlink:to="aval_TrmVariationWithinOneYear_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TrmVariationWithinOneYear_lbl" xml:lang="en-US">TRM variation within one year.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TrmVariationWithinOneYear_lbl" xml:lang="en-US">TRM Variation Within One Year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TrmVariationWithinOneYear_lbl" xml:lang="en-US">TRM variation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancingReceivablesByEconomicSectorAxis" xlink:label="aval_FinancingReceivablesByEconomicSectorAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancingReceivablesByEconomicSectorAxis" xlink:to="aval_FinancingReceivablesByEconomicSectorAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancingReceivablesByEconomicSectorAxis_lbl" xml:lang="en-US">Financing Receivables by Economic Sector [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EconomicSectorDomain" xlink:label="aval_EconomicSectorDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EconomicSectorDomain" xlink:to="aval_EconomicSectorDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EconomicSectorDomain_lbl" xml:lang="en-US">Economic Sector [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConsumerServicesMember" xlink:label="aval_ConsumerServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConsumerServicesMember" xlink:to="aval_ConsumerServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConsumerServicesMember_lbl" xml:lang="en-US">Consumer services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommercialServicesMember" xlink:label="aval_CommercialServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommercialServicesMember" xlink:to="aval_CommercialServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommercialServicesMember_lbl" xml:lang="en-US">Commercial services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsConstructionMember" xlink:label="aval_IfrsConstructionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsConstructionMember" xlink:to="aval_IfrsConstructionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsConstructionMember_lbl" xml:lang="en-US">Building or developing real estate. Includes, but is not limited to, improvement to land for drainage, utilities, grading and subdividing.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsConstructionMember_lbl" xml:lang="en-US">IFRS Construction [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FoodBeverageAndTobaccoMember" xlink:label="aval_FoodBeverageAndTobaccoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FoodBeverageAndTobaccoMember" xlink:to="aval_FoodBeverageAndTobaccoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FoodBeverageAndTobaccoMember_lbl" xml:lang="en-US">Food, beverage and tobacco</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherIndustrialAndManufacturingProductsMember" xlink:label="aval_OtherIndustrialAndManufacturingProductsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherIndustrialAndManufacturingProductsMember" xlink:to="aval_OtherIndustrialAndManufacturingProductsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherIndustrialAndManufacturingProductsMember_lbl" xml:lang="en-US">Other industrial and manufacturing products</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransportationAndCommunicationsMember" xlink:label="aval_TransportationAndCommunicationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransportationAndCommunicationsMember" xlink:to="aval_TransportationAndCommunicationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransportationAndCommunicationsMember_lbl" xml:lang="en-US">Transportation and communications</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PublicServicesMember" xlink:label="aval_PublicServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PublicServicesMember" xlink:to="aval_PublicServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PublicServicesMember_lbl" xml:lang="en-US">Public services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ChemicalProductionMember" xlink:label="aval_ChemicalProductionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ChemicalProductionMember" xlink:to="aval_ChemicalProductionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ChemicalProductionMember_lbl" xml:lang="en-US">Chemical production</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsGovernmentMember" xlink:label="aval_IfrsGovernmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsGovernmentMember" xlink:to="aval_IfrsGovernmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsGovernmentMember_lbl" xml:lang="en-US">Organization that is the governing authority of a community.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsGovernmentMember_lbl" xml:lang="en-US">Government</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AgriculturalMember" xlink:label="aval_AgriculturalMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AgriculturalMember" xlink:to="aval_AgriculturalMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AgriculturalMember_lbl" xml:lang="en-US">Agricultural</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TradeAndTourismMember" xlink:label="aval_TradeAndTourismMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TradeAndTourismMember" xlink:to="aval_TradeAndTourismMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradeAndTourismMember_lbl" xml:lang="en-US">Trade and tourism</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MiningProductsAndOilMember" xlink:label="aval_MiningProductsAndOilMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MiningProductsAndOilMember" xlink:to="aval_MiningProductsAndOilMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MiningProductsAndOilMember_lbl" xml:lang="en-US">Mining products and oil</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherMember" xlink:label="aval_OtherMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherMember" xlink:to="aval_OtherMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherMember_lbl" xml:lang="en-US">Other [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcentrationRiskPercentageFinancialAssets" xlink:label="aval_ConcentrationRiskPercentageFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcentrationRiskPercentageFinancialAssets" xlink:to="aval_ConcentrationRiskPercentageFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcentrationRiskPercentageFinancialAssets_lbl" xml:lang="en-US">Concentration risk, percentage, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcentrationRiskPercentageFinancialAssets_lbl" xml:lang="en-US">Concentration risk, percentage, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcentrationRiskPercentageFinancialAssets_lbl" xml:lang="en-US">Concentration risk, percentage, financial assets (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CR" xlink:label="country_CR" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CR" xlink:to="country_CR_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CR_lbl" xml:lang="en-US">COSTA RICA</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_GT" xlink:label="country_GT" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_GT" xlink:to="country_GT_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_GT_lbl" xml:lang="en-US">GUATEMALA</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_US" xlink:label="country_US" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_US" xlink:to="country_US_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_US_lbl" xml:lang="en-US">UNITED STATES</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_HN" xlink:label="country_HN" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_HN" xlink:to="country_HN_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_HN_lbl" xml:lang="en-US">HONDURAS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_SV" xlink:label="country_SV" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_SV" xlink:to="country_SV_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_SV_lbl" xml:lang="en-US">EL SALVADOR</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_NI" xlink:label="country_NI" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_NI" xlink:to="country_NI_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_NI_lbl" xml:lang="en-US">NICARAGUA</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherCountriesMember" xlink:label="aval_OtherCountriesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherCountriesMember" xlink:to="aval_OtherCountriesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherCountriesMember_lbl" xml:lang="en-US">Other countries</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_CurrencyAxis" xlink:label="srt_CurrencyAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_CurrencyAxis" xlink:to="srt_CurrencyAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_CurrencyAxis_lbl" xml:lang="en-US">Currency [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_AllCurrenciesDomain" xlink:label="currency_AllCurrenciesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_AllCurrenciesDomain" xlink:to="currency_AllCurrenciesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_AllCurrenciesDomain_lbl" xml:lang="en-US">All Currencies [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_COP" xlink:label="currency_COP" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_COP" xlink:to="currency_COP_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_COP_lbl" xml:lang="en-US">Colombia, Pesos</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeignCurrencyMember" xlink:label="aval_ForeignCurrencyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeignCurrencyMember" xlink:to="aval_ForeignCurrencyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeignCurrencyMember_lbl" xml:lang="en-US">Foreign currency [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ForeignCurrencyMember_lbl" xml:lang="en-US">Foreign currency</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfLoanPortfolioInForeignCurrency" xlink:label="aval_PercentageOfLoanPortfolioInForeignCurrency" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfLoanPortfolioInForeignCurrency" xlink:to="aval_PercentageOfLoanPortfolioInForeignCurrency_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfLoanPortfolioInForeignCurrency_lbl" xml:lang="en-US">Represents the percentage of loan portfolio in foreign currency.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfLoanPortfolioInForeignCurrency_lbl" xml:lang="en-US">Percentage Of Loan Portfolio in Foreign Currency</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfLoanPortfolioInForeignCurrency_lbl" xml:lang="en-US">Percentage of loan portfolio in foreign currency</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedByColombianGovernmentMember" xlink:label="aval_SecuritiesIssuedByColombianGovernmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedByColombianGovernmentMember" xlink:to="aval_SecuritiesIssuedByColombianGovernmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedByColombianGovernmentMember_lbl" xml:lang="en-US">Securities issued or secured by Colombian Government</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedByOtherEntitiesOfColombianGovernmentMember" xlink:label="aval_SecuritiesIssuedByOtherEntitiesOfColombianGovernmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedByOtherEntitiesOfColombianGovernmentMember" xlink:to="aval_SecuritiesIssuedByOtherEntitiesOfColombianGovernmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedByOtherEntitiesOfColombianGovernmentMember_lbl" xml:lang="en-US">Securities issued or secured by other Colombian Government entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedByForeignGovernmentsMember" xlink:label="aval_SecuritiesIssuedByForeignGovernmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedByForeignGovernmentsMember" xlink:to="aval_SecuritiesIssuedByForeignGovernmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedByForeignGovernmentsMember_lbl" xml:lang="en-US">Securities issued or secured by foreign Governments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedByCentralBanksMember" xlink:label="aval_SecuritiesIssuedByCentralBanksMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedByCentralBanksMember" xlink:to="aval_SecuritiesIssuedByCentralBanksMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedByCentralBanksMember_lbl" xml:lang="en-US">Securities issued by central banks</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedByOtherFinancialEntitiesMember" xlink:label="aval_SecuritiesIssuedByOtherFinancialEntitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedByOtherFinancialEntitiesMember" xlink:to="aval_SecuritiesIssuedByOtherFinancialEntitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedByOtherFinancialEntitiesMember_lbl" xml:lang="en-US">Securities issued or secured by other financial entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedByEntitiesOfNonfinancialSectorMember" xlink:label="aval_SecuritiesIssuedByEntitiesOfNonfinancialSectorMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedByEntitiesOfNonfinancialSectorMember" xlink:to="aval_SecuritiesIssuedByEntitiesOfNonfinancialSectorMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedByEntitiesOfNonfinancialSectorMember_lbl" xml:lang="en-US">Securities issued by entities of the non-financial sector entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsOtherDebtSecuritiesMember" xlink:label="aval_IfrsOtherDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsOtherDebtSecuritiesMember" xlink:to="aval_IfrsOtherDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsOtherDebtSecuritiesMember_lbl" xml:lang="en-US">IFRS other debt securities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsOtherDebtSecuritiesMember_lbl" xml:lang="en-US">Other debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AllCountriesMember" xlink:label="aval_AllCountriesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AllCountriesMember" xlink:to="aval_AllCountriesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AllCountriesMember_lbl" xml:lang="en-US">All countries [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AllCountriesMember_lbl" xml:lang="en-US">All countries [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AllCountriesMember_lbl" xml:lang="en-US">Countries</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_BR" xlink:label="country_BR" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BR" xlink:to="country_BR_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BR_lbl" xml:lang="en-US">BRAZIL</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_MX" xlink:label="country_MX" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_MX" xlink:to="country_MX_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_MX_lbl" xml:lang="en-US">MEXICO</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_CL" xlink:label="country_CL" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_CL" xlink:to="country_CL_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_CL_lbl" xml:lang="en-US">CHILE</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PE" xlink:label="country_PE" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PE" xlink:to="country_PE_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PE_lbl" xml:lang="en-US">PERU</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_PY" xlink:label="country_PY" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_PY" xlink:to="country_PY_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_PY_lbl" xml:lang="en-US">PARAGUAY</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_JP" xlink:label="country_JP" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_JP" xlink:to="country_JP_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_JP_lbl" xml:lang="en-US">JAPAN</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_DE" xlink:label="country_DE" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_DE" xlink:to="country_DE_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_DE_lbl" xml:lang="en-US">GERMANY</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultilateralCountriesMember" xlink:label="aval_MultilateralCountriesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultilateralCountriesMember" xlink:to="aval_MultilateralCountriesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MultilateralCountriesMember_lbl" xml:lang="en-US">Multilateral countries.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultilateralCountriesMember_lbl" xml:lang="en-US">Multilateral Countries [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MultilateralCountriesMember_lbl" xml:lang="en-US">Multilateral</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultilateralBladexMember" xlink:label="aval_MultilateralBladexMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultilateralBladexMember" xlink:to="aval_MultilateralBladexMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MultilateralBladexMember_lbl" xml:lang="en-US">This member stands for Multilateral - Bladex.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultilateralBladexMember_lbl" xml:lang="en-US">Multilateral - Bladex (Foreign Trade Bank of Latin America)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultilateralAndeanDevelopmentCorporationCorporacionAndinaDeFomentoMember" xlink:label="aval_MultilateralAndeanDevelopmentCorporationCorporacionAndinaDeFomentoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultilateralAndeanDevelopmentCorporationCorporacionAndinaDeFomentoMember" xlink:to="aval_MultilateralAndeanDevelopmentCorporationCorporacionAndinaDeFomentoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MultilateralAndeanDevelopmentCorporationCorporacionAndinaDeFomentoMember_lbl" xml:lang="en-US">Multilateral, Andean Development Corporation (Corporacion Andina de Fomento) [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultilateralAndeanDevelopmentCorporationCorporacionAndinaDeFomentoMember_lbl" xml:lang="en-US">Multilateral - Andean Development Corporation (Corporacion Andina de Fomento)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultilateralInterAmericanCorporationForFinancingOfInfrastructureMember" xlink:label="aval_MultilateralInterAmericanCorporationForFinancingOfInfrastructureMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultilateralInterAmericanCorporationForFinancingOfInfrastructureMember" xlink:to="aval_MultilateralInterAmericanCorporationForFinancingOfInfrastructureMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MultilateralInterAmericanCorporationForFinancingOfInfrastructureMember_lbl" xml:lang="en-US">This member stands for Multilateral - Inter-American Corporation for the Financing of Infrastructure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultilateralInterAmericanCorporationForFinancingOfInfrastructureMember_lbl" xml:lang="en-US">Multilateral - Inter-American Corporation for the Financing of Infrastructure</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GovernmentDebtInstrumentsHeld" xlink:label="ifrs-full_GovernmentDebtInstrumentsHeld" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GovernmentDebtInstrumentsHeld" xlink:to="ifrs-full_GovernmentDebtInstrumentsHeld_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GovernmentDebtInstrumentsHeld_lbl" xml:lang="en-US">Government debt instruments held</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GovernmentDebtInstrumentsHeld_lbl" xml:lang="en-US">Central Government debt instruments held</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GovernmentDebtInstrumentsHeldPercentage" xlink:label="aval_GovernmentDebtInstrumentsHeldPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GovernmentDebtInstrumentsHeldPercentage" xlink:to="aval_GovernmentDebtInstrumentsHeldPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GovernmentDebtInstrumentsHeldPercentage_lbl" xml:lang="en-US">Represents the percentage of government issued debt instruments held by entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GovernmentDebtInstrumentsHeldPercentage_lbl" xml:lang="en-US">Government debt instruments held, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_GovernmentDebtInstrumentsHeldPercentage_lbl" xml:lang="en-US">Central Government debt instruments held (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BankDebtInstrumentsHeld" xlink:label="ifrs-full_BankDebtInstrumentsHeld" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankDebtInstrumentsHeld" xlink:to="ifrs-full_BankDebtInstrumentsHeld_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BankDebtInstrumentsHeld_lbl" xml:lang="en-US">Bank debt instruments held</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BankDebtInstrumentsHeld_lbl" xml:lang="en-US">Central Bank debt instruments held</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BankDebtInstrumentsHeldPercentage" xlink:label="aval_BankDebtInstrumentsHeldPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BankDebtInstrumentsHeldPercentage" xlink:to="aval_BankDebtInstrumentsHeldPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BankDebtInstrumentsHeldPercentage_lbl" xml:lang="en-US">Represents the percentage of central bank issued debt instruments held by entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BankDebtInstrumentsHeldPercentage_lbl" xml:lang="en-US">Bank debt instruments held, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_BankDebtInstrumentsHeldPercentage_lbl" xml:lang="en-US">Central Bank debt instruments held (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalSovereignRisk" xlink:label="aval_TotalSovereignRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalSovereignRisk" xlink:to="aval_TotalSovereignRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalSovereignRisk_lbl" xml:lang="en-US">Total sovereign risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalSovereignRisk_lbl" xml:lang="en-US">Total sovereign risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TotalSovereignRisk_lbl" xml:lang="en-US">Total Sovereign Risk</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalSovereignRiskPercent" xlink:label="aval_TotalSovereignRiskPercent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalSovereignRiskPercent" xlink:to="aval_TotalSovereignRiskPercent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalSovereignRiskPercent_lbl" xml:lang="en-US">Total sovereign risk, percent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalSovereignRiskPercent_lbl" xml:lang="en-US">Total sovereign risk, percent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TotalSovereignRiskPercent_lbl" xml:lang="en-US">Total sovereign risk (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentInDebtInstrumentAsPercentageOfTotalPortfolio" xlink:label="aval_InvestmentInDebtInstrumentAsPercentageOfTotalPortfolio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentInDebtInstrumentAsPercentageOfTotalPortfolio" xlink:to="aval_InvestmentInDebtInstrumentAsPercentageOfTotalPortfolio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentInDebtInstrumentAsPercentageOfTotalPortfolio_lbl" xml:lang="en-US">The investment in debt instrument as a percentage of total investment portfolio.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentInDebtInstrumentAsPercentageOfTotalPortfolio_lbl" xml:lang="en-US">Investment in debt instrument as a percentage of total portfolio</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CountryOfDomicileMember" xlink:label="ifrs-full_CountryOfDomicileMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CountryOfDomicileMember" xlink:to="ifrs-full_CountryOfDomicileMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CountryOfDomicileMember_lbl" xml:lang="en-US">Country of domicile [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ForeignCountriesMember" xlink:label="ifrs-full_ForeignCountriesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForeignCountriesMember" xlink:to="ifrs-full_ForeignCountriesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForeignCountriesMember_lbl" xml:lang="en-US">Foreign countries [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoansAndReceivablesRestructured" xlink:label="aval_LoansAndReceivablesRestructured" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoansAndReceivablesRestructured" xlink:to="aval_LoansAndReceivablesRestructured_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoansAndReceivablesRestructured_lbl" xml:lang="en-US">It represents the amount of modifications on loans and other receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoansAndReceivablesRestructured_lbl" xml:lang="en-US">Loans and Receivables, Restructured</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoansAndReceivablesRestructured_lbl" xml:lang="en-US">Restructured loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeclosedFinancialAssetsReceived" xlink:label="aval_ForeclosedFinancialAssetsReceived" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeclosedFinancialAssetsReceived" xlink:to="aval_ForeclosedFinancialAssetsReceived_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForeclosedFinancialAssetsReceived_lbl" xml:lang="en-US">The amount of foreclosed financial assets received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeclosedFinancialAssetsReceived_lbl" xml:lang="en-US">Foreclosed Financial Assets Received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ForeclosedFinancialAssetsReceived_lbl" xml:lang="en-US">Foreclosed assets received</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeclosedFinancialAssetsSold" xlink:label="aval_ForeclosedFinancialAssetsSold" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeclosedFinancialAssetsSold" xlink:to="aval_ForeclosedFinancialAssetsSold_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForeclosedFinancialAssetsSold_lbl" xml:lang="en-US">Foreclosed Financial Assets Sold</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeclosedFinancialAssetsSold_lbl" xml:lang="en-US">Foreclosed Financial Assets Sold</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ForeclosedFinancialAssetsSold_lbl" xml:lang="en-US">Foreclosed assets sold</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnusedCreditCardLimitsMember" xlink:label="aval_UnusedCreditCardLimitsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnusedCreditCardLimitsMember" xlink:to="aval_UnusedCreditCardLimitsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnusedCreditCardLimitsMember_lbl" xml:lang="en-US">Unused credit card limits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ApprovedCreditsNotDisbursedMember" xlink:label="aval_ApprovedCreditsNotDisbursedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ApprovedCreditsNotDisbursedMember" xlink:to="aval_ApprovedCreditsNotDisbursedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ApprovedCreditsNotDisbursedMember_lbl" xml:lang="en-US">Approved credits not disbursed.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ApprovedCreditsNotDisbursedMember_lbl" xml:lang="en-US">Approved Credits Not Disbursed [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ApprovedCreditsNotDisbursedMember_lbl" xml:lang="en-US">Approved credits not disbursed</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CreditArrangementsMember" xlink:label="aval_CreditArrangementsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CreditArrangementsMember" xlink:to="aval_CreditArrangementsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CreditArrangementsMember_lbl" xml:lang="en-US">Credit arrangements [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CreditArrangementsMember_lbl" xml:lang="en-US">Credit arrangements [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CreditArrangementsMember_lbl" xml:lang="en-US">Credit arrangements</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnusedLimitsOfOverdraftsMember" xlink:label="aval_UnusedLimitsOfOverdraftsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnusedLimitsOfOverdraftsMember" xlink:to="aval_UnusedLimitsOfOverdraftsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnusedLimitsOfOverdraftsMember_lbl" xml:lang="en-US">Unused limits of overdrafts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnusedLettersOfCreditMember" xlink:label="aval_UnusedLettersOfCreditMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnusedLettersOfCreditMember" xlink:to="aval_UnusedLettersOfCreditMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnusedLettersOfCreditMember_lbl" xml:lang="en-US">Unused letters of credit</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_USD" xlink:label="currency_USD" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_USD" xlink:to="currency_USD_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_USD_lbl" xml:lang="en-US">United States of America, Dollars</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/currency/2025/currency-2025.xsd#currency_EUR" xlink:label="currency_EUR" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="currency_EUR" xlink:to="currency_EUR_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="currency_EUR_lbl" xml:lang="en-US">Euro Member Countries, Euro</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_OtherCurrencyMember" xlink:label="srt_OtherCurrencyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_OtherCurrencyMember" xlink:to="srt_OtherCurrencyMember_lbl" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_GrossFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_CashCollateralReceivedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialAssets_lbl" xml:lang="en-US">Cash collateral received subject to enforceable master netting arrangement or similar agreement not set off against financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NetFinancialAssetsSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Net financial assets subject to offsetting, enforceable master netting arrangements or similar agreements</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesTable" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesTable" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems" xlink:label="ifrs-full_DisclosureOfOffsettingOfFinancialLiabilitiesLineItems" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements_lbl" xml:lang="en-US">Gross financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreementsInStatementOfFinancialPosition_lbl" xml:lang="en-US">Net financial liabilities subject to offsetting, enforceable master netting arrangements or similar agreements in statement of financial position</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_FinancialInstrumentsSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities_lbl" xml:lang="en-US">Financial instruments subject to enforceable master netting arrangement or similar agreement not set off against financial liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" xlink:label="ifrs-full_CashCollateralPledgedSubjectToEnforceableMasterNettingArrangementOrSimilarAgreementNotSetOffAgainstFinancialLiabilities" />
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    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" xlink:label="ifrs-full_NetFinancialLiabilitiesSubjectToOffsettingEnforceableMasterNettingArrangementsOrSimilarAgreements" />
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    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CorficolombianaMember" xlink:label="aval_CorficolombianaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CorficolombianaMember" xlink:to="aval_CorficolombianaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CorficolombianaMember_lbl" xml:lang="en-US">Corficolombiana [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CorficolombianaMember_lbl" xml:lang="en-US">Corficolombiana</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CorficolombianaMember_lbl" xml:lang="en-US">Corficolombiana S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TradingRiskAxis" xlink:label="aval_TradingRiskAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TradingRiskAxis" xlink:to="aval_TradingRiskAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradingRiskAxis_lbl" xml:lang="en-US">Trading risk [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TradingRiskDomain" xlink:label="aval_TradingRiskDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TradingRiskDomain" xlink:to="aval_TradingRiskDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradingRiskDomain_lbl" xml:lang="en-US">Trading risk [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MeasureTradingRiskMethodMember" xlink:label="aval_MeasureTradingRiskMethodMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MeasureTradingRiskMethodMember" xlink:to="aval_MeasureTradingRiskMethodMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MeasureTradingRiskMethodMember_lbl" xml:lang="en-US">Measure Trading Risk Method</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValueAtRisk" xlink:label="ifrs-full_ValueAtRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValueAtRisk" xlink:to="ifrs-full_ValueAtRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValueAtRisk_lbl" xml:lang="en-US">Value at risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ValueAtRisk_lbl" xml:lang="en-US">Value</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital" xlink:label="aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital" xlink:to="aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital_lbl" xml:lang="en-US">Basis point refers to a common unit of measure for interest rates and other percentages in finance.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital_lbl" xml:lang="en-US">Financial Subsidiaries, Basis Points of Regulatory Capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_FinancialSubsidiariesBasisPointsOfRegulatoryCapital_lbl" xml:lang="en-US">Basis points of regulatory capital (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageMember" xlink:label="ifrs-full_WeightedAverageMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageMember" xlink:to="ifrs-full_WeightedAverageMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageMember_lbl" xml:lang="en-US">Weighted average [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRateRiskMember" xlink:label="ifrs-full_InterestRateRiskMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateRiskMember" xlink:to="ifrs-full_InterestRateRiskMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateRiskMember_lbl" xml:lang="en-US">Interest rate risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrencyRiskMember" xlink:label="ifrs-full_CurrencyRiskMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencyRiskMember" xlink:to="ifrs-full_CurrencyRiskMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencyRiskMember_lbl" xml:lang="en-US">Currency risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityPriceRiskMember" xlink:label="ifrs-full_EquityPriceRiskMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityPriceRiskMember" xlink:to="ifrs-full_EquityPriceRiskMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityPriceRiskMember_lbl" xml:lang="en-US">Equity price risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MutualFundsMember" xlink:label="aval_MutualFundsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MutualFundsMember" xlink:to="aval_MutualFundsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MutualFundsMember_lbl" xml:lang="en-US">Mutual funds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SubsidiariesMember" xlink:label="ifrs-full_SubsidiariesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SubsidiariesMember" xlink:to="ifrs-full_SubsidiariesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SubsidiariesMember_lbl" xml:lang="en-US">Total for all subsidiaries [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MarketRiskWeightedAssetsAsPercentageOfTotalRiskWeightedAssets" xlink:label="aval_MarketRiskWeightedAssetsAsPercentageOfTotalRiskWeightedAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MarketRiskWeightedAssetsAsPercentageOfTotalRiskWeightedAssets" xlink:to="aval_MarketRiskWeightedAssetsAsPercentageOfTotalRiskWeightedAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MarketRiskWeightedAssetsAsPercentageOfTotalRiskWeightedAssets_lbl" xml:lang="en-US">The amount of market risk weighted assets as a percentage of total risk weighted assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MarketRiskWeightedAssetsAsPercentageOfTotalRiskWeightedAssets_lbl" xml:lang="en-US">Market risk weighted assets as a percentage of total risk weighted assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnUnconsolidatedBasis" xlink:label="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnUnconsolidatedBasis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnUnconsolidatedBasis" xlink:to="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnUnconsolidatedBasis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnUnconsolidatedBasis_lbl" xml:lang="en-US">The percentage of average difference in foreign currency denominated rights and foreign currency denominated obligations including both on and off balance sheet positions on unconsolidated basis.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnUnconsolidatedBasis_lbl" xml:lang="en-US">Percentage of Average Difference in Foreign Currency Denominated Rights and Foreign Currency Denominated Obligations on Unconsolidated Basis</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnConsolidatedBasis" xlink:label="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnConsolidatedBasis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnConsolidatedBasis" xlink:to="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnConsolidatedBasis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnConsolidatedBasis_lbl" xml:lang="en-US">The percentage of average difference in foreign currency denominated rights and foreign currency denominated obligations including both on and off balance sheet positions on consolidated basis.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfAverageDifferenceInForeignCurrencyDenominatedRightsAndForeignCurrencyDenominatedObligationsOnConsolidatedBasis_lbl" xml:lang="en-US">Percentage of Average Difference in Foreign Currency Denominated Rights and Foreign Currency Denominated Obligations on Consolidated Basis</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeReceivablesMember" xlink:label="ifrs-full_TradeReceivablesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivablesMember" xlink:to="ifrs-full_TradeReceivablesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeReceivablesMember_lbl" xml:lang="en-US">Trade receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember" xlink:to="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostMember_lbl" xml:lang="en-US">Financial liabilities at amortised cost, class [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CustomerDepositsMember" xlink:label="aval_CustomerDepositsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CustomerDepositsMember" xlink:to="aval_CustomerDepositsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CustomerDepositsMember_lbl" xml:lang="en-US">Customer deposits [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember" xlink:to="ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtAmortisedCostCategoryMember_lbl" xml:lang="en-US">Financial liabilities at amortised cost, category [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseInEquityDueToChangeInValueOfUsd" xlink:label="aval_IncreaseInEquityDueToChangeInValueOfUsd" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseInEquityDueToChangeInValueOfUsd" xlink:to="aval_IncreaseInEquityDueToChangeInValueOfUsd_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseInEquityDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Increase in equity, 100 Colombian pesos per United States dollar.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseInEquityDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Increase in equity due to change in value of USD</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseInEquityDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Equity, increase Ps.100 per U.S. dollar</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseInEquityDueToChangeInValueOfUsd" xlink:label="aval_DecreaseInEquityDueToChangeInValueOfUsd" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseInEquityDueToChangeInValueOfUsd" xlink:to="aval_DecreaseInEquityDueToChangeInValueOfUsd_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseInEquityDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Decrease in equity, 100 Colombian pesos per United States dollar.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseInEquityDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Decrease in equity due to change in value of USD</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseInEquityDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Equity, decrease Ps.100 per U.S. dollar</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd" xlink:label="aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd" xlink:to="aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Increase in foreign exchange effect on profit before taxes, 100 Colombian pesos per United States dollar.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Increase in Profit Before Tax Due to Change in Value of Usd</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Profit and loss before taxes, increase Ps.100 per U.S. dollar</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd" xlink:label="aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd" xlink:to="aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Decrease in foreign exchange effect on profit before taxes, 100 Colombian pesos per United States dollar.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Decrease in profit before tax due to change in value of USD</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DecreaseInProfitBeforeTaxDueToChangeInValueOfUsd_lbl" xml:lang="en-US">Profit and loss before taxes, decrease Ps.100 per U.S. dollar</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated" xlink:label="aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated" xlink:to="aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated_lbl" xml:lang="en-US">Percentage of ordinary basic equity and additional basic equity on which shock scenarios are calculated</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated_lbl" xml:lang="en-US">Percentage of ordinary basic equity and additional basic equity on which shock scenarios are calculated</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfOrdinaryBasicEquityAndAdditionalBasicEquityOnWhichShockScenariosAreCalculated_lbl" xml:lang="en-US">Percentage of ordinary basic equity and additional basic equity (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoAvVillasMember" xlink:label="aval_BancoAvVillasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoAvVillasMember" xlink:to="aval_BancoAvVillasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoAvVillasMember_lbl" xml:lang="en-US">Banco AV villas.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoAvVillasMember_lbl" xml:lang="en-US">Banco AV Villas</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeBogotConsolidatedMember" xlink:label="aval_BancoDeBogotConsolidatedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeBogotConsolidatedMember" xlink:to="aval_BancoDeBogotConsolidatedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeBogotConsolidatedMember_lbl" xml:lang="en-US">Banco de Bogot, Consolidated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeBogotConsolidatedMember_lbl" xml:lang="en-US">Banco de Bogot, Consolidated [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeOccidenteConsolidatedMember" xlink:label="aval_BancoDeOccidenteConsolidatedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeOccidenteConsolidatedMember" xlink:to="aval_BancoDeOccidenteConsolidatedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeOccidenteConsolidatedMember_lbl" xml:lang="en-US">Banco de Occidente, Consolidated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeOccidenteConsolidatedMember_lbl" xml:lang="en-US">Banco de Occidente, Consolidated [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MaximumDeltaNetInterestMarginMetric" xlink:label="aval_MaximumDeltaNetInterestMarginMetric" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MaximumDeltaNetInterestMarginMetric" xlink:to="aval_MaximumDeltaNetInterestMarginMetric_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MaximumDeltaNetInterestMarginMetric_lbl" xml:lang="en-US">Maximum amount increase (decrease) on interest income due to movements in interest rates using a constant balance sheet and a 12-month window.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MaximumDeltaNetInterestMarginMetric_lbl" xml:lang="en-US">Maximum Delta Net Interest Margin Metric</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MaximumDeltaNetInterestMarginMetric_lbl" xml:lang="en-US">Maximum Delta NIM</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MaximumDeltaEconomicValueOfEquityMetric" xlink:label="aval_MaximumDeltaEconomicValueOfEquityMetric" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MaximumDeltaEconomicValueOfEquityMetric" xlink:to="aval_MaximumDeltaEconomicValueOfEquityMetric_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MaximumDeltaEconomicValueOfEquityMetric_lbl" xml:lang="en-US">Maximum amount of fluctuation of equity in response to changes in interest rates using a liquidation balance sheet.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MaximumDeltaEconomicValueOfEquityMetric_lbl" xml:lang="en-US">Maximum Delta Economic Value Of Equity Metric</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MaximumDeltaEconomicValueOfEquityMetric_lbl" xml:lang="en-US">Maximum Delta EVE</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity" xlink:label="aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity" xlink:to="aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity_lbl" xml:lang="en-US">Percentage of maximum Delta EVE calculated under interest rate shock scenarios by dividing the sum of Ordinary Basic Equity and Additional Basic Equity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity_lbl" xml:lang="en-US">Percentage of maximum Delta Economic Value Of Equity of Sum Of Ordinary Basic Equity And Additional Basic Equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfMaximumDeltaEconomicValueOfEquityOfSumOfOrdinaryBasicEquityAndAdditionalBasicEquity_lbl" xml:lang="en-US">Delta EVE / CET1+AT1</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable" xlink:to="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingTable_lbl" xml:lang="en-US">Disclosure of risk management strategy related to hedge accounting [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RegulatoryShockScenarioAxis" xlink:label="aval_RegulatoryShockScenarioAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RegulatoryShockScenarioAxis" xlink:to="aval_RegulatoryShockScenarioAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RegulatoryShockScenarioAxis_lbl" xml:lang="en-US">The axis of a table defines the relationship between the members in the table and the line items or concepts that complete the table.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RegulatoryShockScenarioAxis_lbl" xml:lang="en-US">Regulatory Shock Scenario [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RegulatoryShockScenarioDomain" xlink:label="aval_RegulatoryShockScenarioDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RegulatoryShockScenarioDomain" xlink:to="aval_RegulatoryShockScenarioDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RegulatoryShockScenarioDomain_lbl" xml:lang="en-US">This member stands for regulatory shock scenarios.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RegulatoryShockScenarioDomain_lbl" xml:lang="en-US">Regulatory Shock Scenario [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ParallelUpwardShockMember" xlink:label="aval_ParallelUpwardShockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ParallelUpwardShockMember" xlink:to="aval_ParallelUpwardShockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ParallelUpwardShockMember_lbl" xml:lang="en-US">This member stands for parallel upward shock, where there is a parallel upward shift of the yield curve with the same positive interest rate shock for all maturities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ParallelUpwardShockMember_lbl" xml:lang="en-US">Parallel Upward Shock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ParallelDownwardShockMember" xlink:label="aval_ParallelDownwardShockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ParallelDownwardShockMember" xlink:to="aval_ParallelDownwardShockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ParallelDownwardShockMember_lbl" xml:lang="en-US">This member stands for parallel downward shock, where there is a parallel downward shift of the yield curve with the same negative interest rate shock for all maturities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ParallelDownwardShockMember_lbl" xml:lang="en-US">Parallel Downward Shock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SteepenerShockMember" xlink:label="aval_SteepenerShockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SteepenerShockMember" xlink:to="aval_SteepenerShockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SteepenerShockMember_lbl" xml:lang="en-US">This member stands for steepener shock, where there is a steepening shift of the yield curve, with negative interest rate shocks for shorter maturities and positive interest rate shocks for longer maturities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SteepenerShockMember_lbl" xml:lang="en-US">Steepener Shock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FlattenerShockMember" xlink:label="aval_FlattenerShockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FlattenerShockMember" xlink:to="aval_FlattenerShockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FlattenerShockMember_lbl" xml:lang="en-US">This member stands for flattener shock, where there is a flattening shift of the yield curve, with positive interest rate shocks for shorter maturities and negative interest rate shocks for longer maturities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FlattenerShockMember_lbl" xml:lang="en-US">Flattener Shock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ShortRatesUpwardShockMember" xlink:label="aval_ShortRatesUpwardShockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ShortRatesUpwardShockMember" xlink:to="aval_ShortRatesUpwardShockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ShortRatesUpwardShockMember_lbl" xml:lang="en-US">This member stands for short rates upward shock, with larger positive interest rate shocks for shorter maturities to converge with the baseline for longer maturities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ShortRatesUpwardShockMember_lbl" xml:lang="en-US">Short Rates Upward Shock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ShortRatesDownwardShockMember" xlink:label="aval_ShortRatesDownwardShockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ShortRatesDownwardShockMember" xlink:to="aval_ShortRatesDownwardShockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ShortRatesDownwardShockMember_lbl" xml:lang="en-US">This member stands for short rates downward shock, with larger negative interest rate shocks for shorter maturities to converge with the baseline for longer maturities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ShortRatesDownwardShockMember_lbl" xml:lang="en-US">Short Rates Downward Shock [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems" xlink:to="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingLineItems_lbl" xml:lang="en-US">Disclosure of risk management strategy related to hedge accounting [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios" xlink:label="aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios" xlink:to="aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios_lbl" xml:lang="en-US">Represents the amount of increase (decrease) in Net Interest Margin and Economic Value of Equity under different regulatory shock scenarios.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios_lbl" xml:lang="en-US">Increase (Decrease) In Net Interest Margin And Economic Value Of Equity Under Regulatory Shock Scenarios</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseInNetInterestMarginAndEconomicValueOfEquityUnderRegulatoryShockScenarios_lbl" xml:lang="en-US">Increase (decrease) in NIM and EVE</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember" xlink:to="ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanSixMonthsMember_lbl" xml:lang="en-US">Later than one month and not later than six months [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:label="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember" xlink:to="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanSixMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US">Later than six months and not later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearMember" xlink:label="ifrs-full_LaterThanOneYearMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearMember" xlink:to="ifrs-full_LaterThanOneYearMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearMember_lbl" xml:lang="en-US">Later than one year [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfInterestRatesAxis" xlink:label="ifrs-full_TypesOfInterestRatesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesAxis" xlink:to="ifrs-full_TypesOfInterestRatesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInterestRatesAxis_lbl" xml:lang="en-US">Types of interest rates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfInterestRatesDomain" xlink:label="ifrs-full_TypesOfInterestRatesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfInterestRatesDomain" xlink:to="ifrs-full_TypesOfInterestRatesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfInterestRatesDomain_lbl" xml:lang="en-US">Types of interest rates [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NoninterestMember" xlink:label="aval_NoninterestMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NoninterestMember" xlink:to="aval_NoninterestMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NoninterestMember_lbl" xml:lang="en-US">Non-interest [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CheckingAccountsMember" xlink:label="aval_CheckingAccountsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CheckingAccountsMember" xlink:to="aval_CheckingAccountsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CheckingAccountsMember_lbl" xml:lang="en-US">Checking accounts [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TimeDepositsMember" xlink:label="aval_TimeDepositsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TimeDepositsMember" xlink:to="aval_TimeDepositsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TimeDepositsMember_lbl" xml:lang="en-US">Time deposits [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SavingDepositsMember" xlink:label="aval_SavingDepositsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SavingDepositsMember" xlink:to="aval_SavingDepositsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SavingDepositsMember_lbl" xml:lang="en-US">Saving deposits [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherDepositsMember" xlink:label="aval_OtherDepositsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherDepositsMember" xlink:to="aval_OtherDepositsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherDepositsMember_lbl" xml:lang="en-US">Other deposits [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingFromBanksAndOtherMember" xlink:label="aval_BorrowingFromBanksAndOtherMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingFromBanksAndOtherMember" xlink:to="aval_BorrowingFromBanksAndOtherMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingFromBanksAndOtherMember_lbl" xml:lang="en-US">Borrowing from banks and other [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsLongTermDebtMember" xlink:label="aval_IfrsLongTermDebtMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsLongTermDebtMember" xlink:to="aval_IfrsLongTermDebtMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsLongTermDebtMember_lbl" xml:lang="en-US">Debt arrangement having an initial term longer than one year or beyond the normal operating cycle, if longer.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsLongTermDebtMember_lbl" xml:lang="en-US">IFRS Long-term Debt [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease" xlink:to="aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, basis point increase</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, basis point increase</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRatesBasisPointIncrease_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, basis point increase (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreaseAmount" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreaseAmount" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreaseAmount_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, net income before income tax expense, increase (decrease), amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreaseAmount_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, net income before income tax expense, increase (decrease), amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreaseAmount_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, net income before income tax expense, increase (decrease), amount</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage" xlink:to="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, net income before income tax expense, increase (decrease), percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, net income before income tax expense, increase (decrease), percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseNetIncomeBeforeIncomeTaxExpenseIncreaseDecreasePercentage_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, net income before income tax expense, increase (decrease), percentage (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount" xlink:to="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, other comprehensive income (loss) in equity, amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, other comprehensive income (loss) in equity, amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AccountingSensitivityExerciseToVariationsInInterestRates100BasisPointIncreaseOtherComprehensiveIncomeLossInEquityAmount_lbl" xml:lang="en-US">Accounting sensitivity exercise to variations in interest rates, 100 basis point increase, other comprehensive income (loss) in equity, amount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FloatingInterestRateMember" xlink:label="ifrs-full_FloatingInterestRateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FloatingInterestRateMember" xlink:to="ifrs-full_FloatingInterestRateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FloatingInterestRateMember_lbl" xml:lang="en-US">Floating interest rate [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FixedInterestRateMember" xlink:label="ifrs-full_FixedInterestRateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FixedInterestRateMember" xlink:to="ifrs-full_FixedInterestRateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FixedInterestRateMember_lbl" xml:lang="en-US">Fixed interest rate [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotLaterThanOneYearMember" xlink:label="ifrs-full_NotLaterThanOneYearMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotLaterThanOneYearMember" xlink:to="ifrs-full_NotLaterThanOneYearMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">Not later than one year [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">Up to 1 year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NotLaterThanOneYearMember_lbl" xml:lang="en-US">Not later than One Year</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction" xlink:to="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, checking and savings accounts, before reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, checking and savings accounts, before reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsBeforeReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, checking and savings accounts, before reduction (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction" xlink:to="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, checking and savings accounts, after reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, checking and savings accounts, after reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageCheckingAndSavingsAccountsAfterReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, checking and savings accounts, after reduction (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction" xlink:to="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, time deposits, before reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, time deposits, before reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsBeforeReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, time deposits with a term up to 18 months, before reduction (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction" xlink:to="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, time deposits, after reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, time deposits, after reduction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReserveRequirementDomesticCountryOnePercentReductionReserveRatioPercentageTimeDepositsAfterReduction_lbl" xml:lang="en-US">Reserve requirement, domestic country, one percent reduction, reserve ratio percentage, time deposits with a term up to 18 months, after reduction (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskTable" xlink:label="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskTable" xlink:to="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskTable_lbl" xml:lang="en-US">Disclosure of maturity analysis for financial assets held for managing liquidity risk [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityAxis" xlink:label="ifrs-full_MaturityAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityAxis" xlink:to="ifrs-full_MaturityAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityAxis_lbl" xml:lang="en-US">Maturity [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaturityDomain" xlink:label="ifrs-full_MaturityDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaturityDomain" xlink:to="ifrs-full_MaturityDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaturityDomain_lbl" xml:lang="en-US">Maturity [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanOneDayAndNotLaterThanSevenDaysMember" xlink:label="aval_LaterThanOneDayAndNotLaterThanSevenDaysMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanOneDayAndNotLaterThanSevenDaysMember" xlink:to="aval_LaterThanOneDayAndNotLaterThanSevenDaysMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanOneDayAndNotLaterThanSevenDaysMember_lbl" xml:lang="en-US">Later than one day and not later than seven days [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanOneDayAndNotLaterThanSevenDaysMember_lbl" xml:lang="en-US">Later than one day and not later than seven days [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember" xlink:to="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">Later than one month and not later than three months [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneMonthAndNotLaterThanThreeMonthsMember_lbl" xml:lang="en-US">More than 1 month and no more than 3 months</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskLineItems" xlink:label="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskLineItems" xlink:to="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfMaturityAnalysisForFinancialAssetsHeldForManagingLiquidityRiskLineItems_lbl" xml:lang="en-US">Disclosure of maturity analysis for financial assets held for managing liquidity risk [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk" xlink:label="ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk" xlink:to="ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk_lbl" xml:lang="en-US">Financial assets held for managing liquidity risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk_lbl" xml:lang="en-US">Liquid assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsHeldForManagingLiquidityRisk_lbl" xml:lang="en-US">Liquidity management</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance" xlink:label="aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance" xlink:to="aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance_lbl" xml:lang="en-US">Financial assets held for managing liquidity risk, liability balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance_lbl" xml:lang="en-US">Financial assets held for managing liquidity risk, liability balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_FinancialAssetsHeldForManagingLiquidityRiskLiabilityBalance_lbl" xml:lang="en-US">Liquid assets (liabilities)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IndicadorDeRiesgoDeLiquidezRatioCurrency" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioCurrency" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IndicadorDeRiesgoDeLiquidezRatioCurrency" xlink:to="aval_IndicadorDeRiesgoDeLiquidezRatioCurrency_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioCurrency_lbl" xml:lang="en-US">Indicador de Riesgo de Liquidez, ratio, currency</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioCurrency_lbl" xml:lang="en-US">Indicador de Riesgo de Liquidez, ratio, currency</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioCurrency_lbl" xml:lang="en-US">IRL Ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IndicadorDeRiesgoDeLiquidezRatioPercentage" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IndicadorDeRiesgoDeLiquidezRatioPercentage" xlink:to="aval_IndicadorDeRiesgoDeLiquidezRatioPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioPercentage_lbl" xml:lang="en-US">Indicador de Riesgo de Liquidez, ratio, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioPercentage_lbl" xml:lang="en-US">Indicador de Riesgo de Liquidez, ratio, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IndicadorDeRiesgoDeLiquidezRatioPercentage_lbl" xml:lang="en-US">IRL Ratio (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiquidityRiskMember" xlink:label="ifrs-full_LiquidityRiskMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiquidityRiskMember" xlink:to="ifrs-full_LiquidityRiskMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiquidityRiskMember_lbl" xml:lang="en-US">Liquidity risk [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_StandbyLettersOfCreditCommitmentsMember" xlink:label="aval_StandbyLettersOfCreditCommitmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_StandbyLettersOfCreditCommitmentsMember" xlink:to="aval_StandbyLettersOfCreditCommitmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_StandbyLettersOfCreditCommitmentsMember_lbl" xml:lang="en-US">This member stands for standby letters of credit commitments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_StandbyLettersOfCreditCommitmentsMember_lbl" xml:lang="en-US">Standby letters of credit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OverdraftFacilityMember" xlink:label="aval_OverdraftFacilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OverdraftFacilityMember" xlink:to="aval_OverdraftFacilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OverdraftFacilityMember_lbl" xml:lang="en-US">Overdraft facility [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OverdraftFacilityMember_lbl" xml:lang="en-US">Overdraft facility [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_StandbyCreditCardFacilityCommitmentsMember" xlink:label="aval_StandbyCreditCardFacilityCommitmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_StandbyCreditCardFacilityCommitmentsMember" xlink:to="aval_StandbyCreditCardFacilityCommitmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_StandbyCreditCardFacilityCommitmentsMember_lbl" xml:lang="en-US">This member stands for standby credit card facility commitments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_StandbyCreditCardFacilityCommitmentsMember_lbl" xml:lang="en-US">Standby credit card facility</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UndrawnApprovedLoansCommitmentsMember" xlink:label="aval_UndrawnApprovedLoansCommitmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UndrawnApprovedLoansCommitmentsMember" xlink:to="aval_UndrawnApprovedLoansCommitmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_UndrawnApprovedLoansCommitmentsMember_lbl" xml:lang="en-US">This member stands for undrawn approved loans commitments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UndrawnApprovedLoansCommitmentsMember_lbl" xml:lang="en-US">Undrawn approved loans</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GrossLoanCommitments" xlink:label="ifrs-full_GrossLoanCommitments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GrossLoanCommitments" xlink:to="ifrs-full_GrossLoanCommitments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GrossLoanCommitments_lbl" xml:lang="en-US">Gross loan commitments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GrossLoanCommitments_lbl" xml:lang="en-US">Commitments loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SolvencyRiskRatio" xlink:label="aval_SolvencyRiskRatio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SolvencyRiskRatio" xlink:to="aval_SolvencyRiskRatio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SolvencyRiskRatio_lbl" xml:lang="en-US">This represents an enterprise's ability to meet its debt and other obligations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SolvencyRiskRatio_lbl" xml:lang="en-US">Solvency Risk Ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfCapitalConversionBuffer" xlink:label="aval_PercentageOfCapitalConversionBuffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfCapitalConversionBuffer" xlink:to="aval_PercentageOfCapitalConversionBuffer_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfCapitalConversionBuffer_lbl" xml:lang="en-US">Percentage of capital conversion buffer.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfCapitalConversionBuffer_lbl" xml:lang="en-US">Percentage of Capital Conversion Buffer</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfCapitalConversionBuffer_lbl" xml:lang="en-US">Capital Conversion Buffer</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfSystematicRiskBuffer" xlink:label="aval_PercentageOfSystematicRiskBuffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfSystematicRiskBuffer" xlink:to="aval_PercentageOfSystematicRiskBuffer_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfSystematicRiskBuffer_lbl" xml:lang="en-US">Percentage of systematic risk buffer.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfSystematicRiskBuffer_lbl" xml:lang="en-US">Percentage of Systematic Risk Buffer</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfSystematicRiskBuffer_lbl" xml:lang="en-US">Systematic Risk Buffer</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BasicSolvencyRiskRatio" xlink:label="aval_BasicSolvencyRiskRatio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BasicSolvencyRiskRatio" xlink:to="aval_BasicSolvencyRiskRatio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BasicSolvencyRiskRatio_lbl" xml:lang="en-US">This represents an enterprise's ability to meet its debt and other obligations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BasicSolvencyRiskRatio_lbl" xml:lang="en-US">Basic Solvency Risk Ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BasicSolvencyRiskRatio_lbl" xml:lang="en-US">CET1 solvency ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdditionalTier1Percentage" xlink:label="aval_AdditionalTier1Percentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdditionalTier1Percentage" xlink:to="aval_AdditionalTier1Percentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdditionalTier1Percentage_lbl" xml:lang="en-US">Additional Tier 1</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdditionalTier1Percentage_lbl" xml:lang="en-US">Additional Tier 1 Percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdditionalTier1Percentage_lbl" xml:lang="en-US">AT1 capital solvency ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreesEstablishedMinimumLeverageRatio" xlink:label="aval_DecreesEstablishedMinimumLeverageRatio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreesEstablishedMinimumLeverageRatio" xlink:to="aval_DecreesEstablishedMinimumLeverageRatio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreesEstablishedMinimumLeverageRatio_lbl" xml:lang="en-US">Decrees established a minimum leverage ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreesEstablishedMinimumLeverageRatio_lbl" xml:lang="en-US">Decrees Established A Minimum Leverage Ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreesEstablishedMinimumLeverageRatio_lbl" xml:lang="en-US">Leverage ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SystemicImportanceBufferPercentage" xlink:label="aval_SystemicImportanceBufferPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SystemicImportanceBufferPercentage" xlink:to="aval_SystemicImportanceBufferPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SystemicImportanceBufferPercentage_lbl" xml:lang="en-US">Systemic importance buffer, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SystemicImportanceBufferPercentage_lbl" xml:lang="en-US">Systemic importance buffer, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SystemicImportanceBufferPercentage_lbl" xml:lang="en-US">Systemic importance buffer (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransitionPeriodToComplyWithSystemicBuffer" xlink:label="aval_TransitionPeriodToComplyWithSystemicBuffer" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransitionPeriodToComplyWithSystemicBuffer" xlink:to="aval_TransitionPeriodToComplyWithSystemicBuffer_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TransitionPeriodToComplyWithSystemicBuffer_lbl" xml:lang="en-US">Represents the transition period to comply with the systemic buffer.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransitionPeriodToComplyWithSystemicBuffer_lbl" xml:lang="en-US">Transition period to Comply with the Systemic Buffer</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TransitionPeriodToComplyWithSystemicBuffer_lbl" xml:lang="en-US">Transition period to comply with the systemic buffer</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SeparateBasisMember" xlink:label="aval_SeparateBasisMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SeparateBasisMember" xlink:to="aval_SeparateBasisMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SeparateBasisMember_lbl" xml:lang="en-US">Separate basis.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SeparateBasisMember_lbl" xml:lang="en-US">Separate Basis [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SeparateBasisMember_lbl" xml:lang="en-US">Separate basis</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConsolidatedBasisMember" xlink:label="aval_ConsolidatedBasisMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConsolidatedBasisMember" xlink:to="aval_ConsolidatedBasisMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConsolidatedBasisMember_lbl" xml:lang="en-US">Consolidated basis.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConsolidatedBasisMember_lbl" xml:lang="en-US">Consolidated Basis [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConsolidatedBasisMember_lbl" xml:lang="en-US">Consolidated basis</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReservesAndRetainedEarnings" xlink:label="aval_ReservesAndRetainedEarnings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReservesAndRetainedEarnings" xlink:to="aval_ReservesAndRetainedEarnings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReservesAndRetainedEarnings_lbl" xml:lang="en-US">Reserves and retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReservesAndRetainedEarnings_lbl" xml:lang="en-US">Reserves and retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RegulatoryCapitalDeductionsAbstract" xlink:label="aval_RegulatoryCapitalDeductionsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RegulatoryCapitalDeductionsAbstract" xlink:to="aval_RegulatoryCapitalDeductionsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RegulatoryCapitalDeductionsAbstract_lbl" xml:lang="en-US">Regulatory capital deductions [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RegulatoryCapitalDeductionsAbstract_lbl" xml:lang="en-US">Regulatory capital deductions [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RegulatoryCapitalDeductionsAbstract_lbl" xml:lang="en-US">Deductions:</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital" xlink:label="aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital" xlink:to="aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Goodwill and other intangibles, deductions from regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Goodwill and other intangibles, deductions from regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_GoodwillAndOtherIntangiblesDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Goodwill and other intangibles</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital" xlink:label="aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital" xlink:to="aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Deferred tax assets, deductions from regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Deferred tax assets, deductions from regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DeferredTaxAssetsDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherDeductionsFromRegulatoryCapital" xlink:label="aval_OtherDeductionsFromRegulatoryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherDeductionsFromRegulatoryCapital" xlink:to="aval_OtherDeductionsFromRegulatoryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Other Deductions from regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Other deductions from regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OtherDeductionsFromRegulatoryCapital_lbl" xml:lang="en-US">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CoreEquityTierOneCapital" xlink:label="aval_CoreEquityTierOneCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CoreEquityTierOneCapital" xlink:to="aval_CoreEquityTierOneCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CoreEquityTierOneCapital_lbl" xml:lang="en-US">Core equity tier one capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CoreEquityTierOneCapital_lbl" xml:lang="en-US">Core equity tier one capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_CoreEquityTierOneCapital_lbl" xml:lang="en-US">CET1</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherTierOneCapital" xlink:label="aval_OtherTierOneCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherTierOneCapital" xlink:to="aval_OtherTierOneCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherTierOneCapital_lbl" xml:lang="en-US">Other tier one capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherTierOneCapital_lbl" xml:lang="en-US">Other tier one capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherTierOneCapital_lbl" xml:lang="en-US">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdditionalTierOneCapital" xlink:label="aval_AdditionalTierOneCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdditionalTierOneCapital" xlink:to="aval_AdditionalTierOneCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdditionalTierOneCapital_lbl" xml:lang="en-US">The amount of Additional Tier One Capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdditionalTierOneCapital_lbl" xml:lang="en-US">Additional Tier One Capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_AdditionalTierOneCapital_lbl" xml:lang="en-US">AT1</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TierOnePrimaryCapital" xlink:label="aval_TierOnePrimaryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TierOnePrimaryCapital" xlink:to="aval_TierOnePrimaryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TierOnePrimaryCapital_lbl" xml:lang="en-US">Tier one primary capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TierOnePrimaryCapital_lbl" xml:lang="en-US">Tier one primary capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TierOnePrimaryCapital_lbl" xml:lang="en-US">Tier I</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SubordinatedInstruments" xlink:label="aval_SubordinatedInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SubordinatedInstruments" xlink:to="aval_SubordinatedInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SubordinatedInstruments_lbl" xml:lang="en-US">Subordinated instruments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SubordinatedInstruments_lbl" xml:lang="en-US">Subordinated Instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SubordinatedInstruments_lbl" xml:lang="en-US">Subordinated instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAdditionsDeductionsToTierOneCapital" xlink:label="aval_OtherAdditionsDeductionsToTierOneCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAdditionsDeductionsToTierOneCapital" xlink:to="aval_OtherAdditionsDeductionsToTierOneCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAdditionsDeductionsToTierOneCapital_lbl" xml:lang="en-US">Other additions (deductions) to Tier one capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAdditionsDeductionsToTierOneCapital_lbl" xml:lang="en-US">Other additions (deductions) to tier one capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAdditionsDeductionsToTierOneCapital_lbl" xml:lang="en-US">Plus/minus others</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TierTwoSecondaryCapital" xlink:label="aval_TierTwoSecondaryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TierTwoSecondaryCapital" xlink:to="aval_TierTwoSecondaryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TierTwoSecondaryCapital_lbl" xml:lang="en-US">Tier two secondary capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TierTwoSecondaryCapital_lbl" xml:lang="en-US">Tier two secondary capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TierTwoSecondaryCapital_lbl" xml:lang="en-US">Tier II capital</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital" xlink:label="aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital" xlink:to="aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital_lbl" xml:lang="en-US">Value of stabilization reserve deducted from secondary capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital_lbl" xml:lang="en-US">Value of stabilization reserve deducted from secondary capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ValueOfStabilizationReserveDeductedFromSecondaryCapital_lbl" xml:lang="en-US">Value of the stabilization reserve</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherDeductionsFromTechnicalCapital" xlink:label="aval_OtherDeductionsFromTechnicalCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherDeductionsFromTechnicalCapital" xlink:to="aval_OtherDeductionsFromTechnicalCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherDeductionsFromTechnicalCapital_lbl" xml:lang="en-US">Other deductions from technical capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherDeductionsFromTechnicalCapital_lbl" xml:lang="en-US">Other deductions from technical capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OtherDeductionsFromTechnicalCapital_lbl" xml:lang="en-US">Other deductions from technical capital</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TechnicalRegulatoryCapital" xlink:label="aval_TechnicalRegulatoryCapital" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TechnicalRegulatoryCapital" xlink:to="aval_TechnicalRegulatoryCapital_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TechnicalRegulatoryCapital_lbl" xml:lang="en-US">Technical regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TechnicalRegulatoryCapital_lbl" xml:lang="en-US">Technical regulatory capital</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TechnicalRegulatoryCapital_lbl" xml:lang="en-US">Technical capital</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalAssetsWeightedByRisk" xlink:label="aval_TotalAssetsWeightedByRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalAssetsWeightedByRisk" xlink:to="aval_TotalAssetsWeightedByRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalAssetsWeightedByRisk_lbl" xml:lang="en-US">The amount of total assets weighted by risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalAssetsWeightedByRisk_lbl" xml:lang="en-US">Total assets weighted by risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_TotalAssetsWeightedByRisk_lbl" xml:lang="en-US">Risk-weighted assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MarketRisk" xlink:label="aval_MarketRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MarketRisk" xlink:to="aval_MarketRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MarketRisk_lbl" xml:lang="en-US">Market risk.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MarketRisk_lbl" xml:lang="en-US">Market Risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MarketRisk_lbl" xml:lang="en-US">Market risk</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MarketRiskExposure" xlink:label="aval_MarketRiskExposure" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MarketRiskExposure" xlink:to="aval_MarketRiskExposure_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MarketRiskExposure_lbl" xml:lang="en-US">Market risk exposure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MarketRiskExposure_lbl" xml:lang="en-US">Market Risk Exposure</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MarketRiskExposure_lbl" xml:lang="en-US">Market risk exposure</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OperationalRisk" xlink:label="aval_OperationalRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OperationalRisk" xlink:to="aval_OperationalRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OperationalRisk_lbl" xml:lang="en-US">Operational risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OperationalRisk_lbl" xml:lang="en-US">Operational risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OperationalRisk_lbl" xml:lang="en-US">Operational risk</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OperationalRiskExposure" xlink:label="aval_OperationalRiskExposure" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OperationalRiskExposure" xlink:to="aval_OperationalRiskExposure_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OperationalRiskExposure_lbl" xml:lang="en-US">Operational risk exposure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OperationalRiskExposure_lbl" xml:lang="en-US">Operational Risk Exposure</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OperationalRiskExposure_lbl" xml:lang="en-US">Operational risk exposure</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk" xlink:label="aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk" xlink:to="aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk_lbl" xml:lang="en-US">Risk-weighted assets including regulatory value at risk and operational risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk_lbl" xml:lang="en-US">Risk weighted assets including regulatory value at risk and operational risk</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RiskWeightedAssetsIncludingRegulatoryValueAtRiskAndOperationalRisk_lbl" xml:lang="en-US">Risk-weighted assets including regulatory market risk and operational risk</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TierOneCapitalSolvencyRatio" xlink:label="aval_TierOneCapitalSolvencyRatio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TierOneCapitalSolvencyRatio" xlink:to="aval_TierOneCapitalSolvencyRatio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TierOneCapitalSolvencyRatio_lbl" xml:lang="en-US">Tier one capital solvency ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TierOneCapitalSolvencyRatio_lbl" xml:lang="en-US">Tier one capital solvency ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TierOneCapitalSolvencyRatio_lbl" xml:lang="en-US">Tier 1 capital solvency ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TierTwoCapitalSolvencyRatio" xlink:label="aval_TierTwoCapitalSolvencyRatio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TierTwoCapitalSolvencyRatio" xlink:to="aval_TierTwoCapitalSolvencyRatio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TierTwoCapitalSolvencyRatio_lbl" xml:lang="en-US">Tier two capital solvency ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TierTwoCapitalSolvencyRatio_lbl" xml:lang="en-US">Tier two capital solvency ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TierTwoCapitalSolvencyRatio_lbl" xml:lang="en-US">Tier II solvency ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalSolvencyRatio" xlink:label="aval_TotalSolvencyRatio" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalSolvencyRatio" xlink:to="aval_TotalSolvencyRatio_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalSolvencyRatio_lbl" xml:lang="en-US">Total solvency ratio</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalSolvencyRatio_lbl" xml:lang="en-US">Total Solvency Ratio</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RegulatoryCapitalMeasure" xlink:label="aval_RegulatoryCapitalMeasure" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RegulatoryCapitalMeasure" xlink:to="aval_RegulatoryCapitalMeasure_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RegulatoryCapitalMeasure_lbl" xml:lang="en-US">Regulatory capital measure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RegulatoryCapitalMeasure_lbl" xml:lang="en-US">Regulatory Capital Measure</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RegulatoryCapitalMeasure_lbl" xml:lang="en-US">Capital measure</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RegulatoryExposureMeasure" xlink:label="aval_RegulatoryExposureMeasure" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RegulatoryExposureMeasure" xlink:to="aval_RegulatoryExposureMeasure_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RegulatoryExposureMeasure_lbl" xml:lang="en-US">Regulatory exposure measure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RegulatoryExposureMeasure_lbl" xml:lang="en-US">Regulatory Exposure Measure</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RegulatoryExposureMeasure_lbl" xml:lang="en-US">Exposure measure</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsTable_lbl" xml:lang="en-US">Disclosure of fair value measurement of assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementAxis" xlink:label="ifrs-full_MeasurementAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementAxis" xlink:to="ifrs-full_MeasurementAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementAxis_lbl" xml:lang="en-US">Measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MeasurementDomain" xlink:label="ifrs-full_MeasurementDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MeasurementDomain" xlink:to="ifrs-full_MeasurementDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MeasurementDomain_lbl" xml:lang="en-US">Measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AtFairValueMember" xlink:label="ifrs-full_AtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AtFairValueMember" xlink:to="ifrs-full_AtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AtFairValueMember_lbl" xml:lang="en-US">At fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecurringFairValueMeasurementMember" xlink:label="ifrs-full_RecurringFairValueMeasurementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecurringFairValueMeasurementMember" xlink:to="ifrs-full_RecurringFairValueMeasurementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecurringFairValueMeasurementMember_lbl" xml:lang="en-US">Recurring fair value measurement [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyAxis" xlink:to="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyAxis_lbl" xml:lang="en-US">Levels of fair value hierarchy [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:label="ifrs-full_LevelsOfFairValueHierarchyDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LevelsOfFairValueHierarchyDomain" xlink:to="ifrs-full_LevelsOfFairValueHierarchyDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LevelsOfFairValueHierarchyDomain_lbl" xml:lang="en-US">Levels of fair value hierarchy [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level1OfFairValueHierarchyMember" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level1OfFairValueHierarchyMember" xlink:to="ifrs-full_Level1OfFairValueHierarchyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level1OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 1 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level2OfFairValueHierarchyMember" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level2OfFairValueHierarchyMember" xlink:to="ifrs-full_Level2OfFairValueHierarchyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level2OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 2 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Level3OfFairValueHierarchyMember" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Level3OfFairValueHierarchyMember" xlink:to="ifrs-full_Level3OfFairValueHierarchyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Level3OfFairValueHierarchyMember_lbl" xml:lang="en-US">Level 3 of fair value hierarchy [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsEquitySecuritiesMember" xlink:label="aval_IfrsEquitySecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsEquitySecuritiesMember" xlink:to="aval_IfrsEquitySecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsEquitySecuritiesMember_lbl" xml:lang="en-US">Ownership interest or right to acquire or dispose of ownership interest in corporations and other legal entities for which ownership interest is represented by shares of common or preferred stock, convertible securities, stock rights, or stock warrants.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsEquitySecuritiesMember_lbl" xml:lang="en-US">Equity securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingEquitySecuritiesMember" xlink:label="ifrs-full_TradingEquitySecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingEquitySecuritiesMember" xlink:to="ifrs-full_TradingEquitySecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingEquitySecuritiesMember_lbl" xml:lang="en-US">Trading equity securities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradingEquitySecuritiesMember_lbl" xml:lang="en-US">Equity securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EquityInvestmentsMember" xlink:label="ifrs-full_EquityInvestmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EquityInvestmentsMember" xlink:to="ifrs-full_EquityInvestmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EquityInvestmentsMember_lbl" xml:lang="en-US">Equity investments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CurrencyForwardContractMember" xlink:label="aval_CurrencyForwardContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CurrencyForwardContractMember" xlink:to="aval_CurrencyForwardContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CurrencyForwardContractMember_lbl" xml:lang="en-US">Currency forward [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BondForwardMember" xlink:label="aval_BondForwardMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BondForwardMember" xlink:to="aval_BondForwardMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BondForwardMember_lbl" xml:lang="en-US">Bond forward [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestRateSwapContractMember" xlink:label="ifrs-full_InterestRateSwapContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestRateSwapContractMember" xlink:to="ifrs-full_InterestRateSwapContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US">Interest rate swap contract [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US">Interest rate swap</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestRateSwapContractMember_lbl" xml:lang="en-US">Interest rate risk</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrencySwapContractMember" xlink:label="ifrs-full_CurrencySwapContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrencySwapContractMember" xlink:to="ifrs-full_CurrencySwapContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrencySwapContractMember_lbl" xml:lang="en-US">Currency swap contract [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CurrencyOptionsContractMember" xlink:label="aval_CurrencyOptionsContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CurrencyOptionsContractMember" xlink:to="aval_CurrencyOptionsContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CurrencyOptionsContractMember_lbl" xml:lang="en-US">Currency Options [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonfinancialAssetsMember" xlink:label="aval_NonfinancialAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonfinancialAssetsMember" xlink:to="aval_NonfinancialAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonfinancialAssetsMember_lbl" xml:lang="en-US">Non-financial assets [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonfinancialAssetsMember_lbl" xml:lang="en-US">Non-financial assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BiologicalAssetsMember" xlink:label="aval_BiologicalAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BiologicalAssetsMember" xlink:to="aval_BiologicalAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BiologicalAssetsMember_lbl" xml:lang="en-US">Biological assets [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BiologicalAssetsMember_lbl" xml:lang="en-US">Biological assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentPropertyMember" xlink:label="ifrs-full_InvestmentPropertyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentPropertyMember" xlink:to="ifrs-full_InvestmentPropertyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentPropertyMember_lbl" xml:lang="en-US">Investment property [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentPropertyMember_lbl" xml:lang="en-US">Investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:label="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember" xlink:to="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInEquityInstrumentsMeasuredAtFairValueThroughOtherComprehensiveIncomeMember_lbl" xml:lang="en-US">Investments in equity instruments designated at fair value through other comprehensive income [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfAssetsLineItems_lbl" xml:lang="en-US">Disclosure of fair value measurement of assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesTable_lbl" xml:lang="en-US">Disclosure of fair value measurement of liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems" xlink:to="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfFairValueMeasurementOfLiabilitiesLineItems_lbl" xml:lang="en-US">Disclosure of fair value measurement of liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PledgedInMoneyMarketOperationsMember" xlink:label="aval_PledgedInMoneyMarketOperationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PledgedInMoneyMarketOperationsMember" xlink:to="aval_PledgedInMoneyMarketOperationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PledgedInMoneyMarketOperationsMember_lbl" xml:lang="en-US">Pledged in money market operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember" xlink:label="aval_PledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember" xlink:to="aval_PledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember_lbl" xml:lang="en-US">Pledged as collateral to special entities such as CRCC, BR and BVC</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PledgedAsCollateralInOperationsWithDerivativeInstrumentsMember" xlink:label="aval_PledgedAsCollateralInOperationsWithDerivativeInstrumentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PledgedAsCollateralInOperationsWithDerivativeInstrumentsMember" xlink:to="aval_PledgedAsCollateralInOperationsWithDerivativeInstrumentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PledgedAsCollateralInOperationsWithDerivativeInstrumentsMember_lbl" xml:lang="en-US">Represents information pertaining to pledged as collateral in operations with derivative instruments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PledgedAsCollateralInOperationsWithDerivativeInstrumentsMember_lbl" xml:lang="en-US">Pledged as collateral in operations with derivative instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities" xlink:to="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US">Financial assets pledged as collateral for liabilities or contingent liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US">Financial assets pledged as collateral</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsPledgedAsCollateralForLiabilitiesOrContingentLiabilities_lbl" xml:lang="en-US">Financial assets pledged as collateral</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedOrSecuredByCentralBanksMember" xlink:label="aval_SecuritiesIssuedOrSecuredByCentralBanksMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedOrSecuredByCentralBanksMember" xlink:to="aval_SecuritiesIssuedOrSecuredByCentralBanksMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SecuritiesIssuedOrSecuredByCentralBanksMember_lbl" xml:lang="en-US">This member stands for securities issued or secured by central banks.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedOrSecuredByCentralBanksMember_lbl" xml:lang="en-US">Securities issued or secured by central banks</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonrecurringFairValueMeasurementMember" xlink:label="ifrs-full_NonrecurringFairValueMeasurementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonrecurringFairValueMeasurementMember" xlink:to="ifrs-full_NonrecurringFairValueMeasurementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonrecurringFairValueMeasurementMember_lbl" xml:lang="en-US">Non-recurring fair value measurement [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairedCollateralizedLoans" xlink:label="aval_ImpairedCollateralizedLoans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairedCollateralizedLoans" xlink:to="aval_ImpairedCollateralizedLoans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpairedCollateralizedLoans_lbl" xml:lang="en-US">The amount of obligation towards Impaired collateralized loans.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairedCollateralizedLoans_lbl" xml:lang="en-US">Impaired collateralized loans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ImpairedCollateralizedLoans_lbl" xml:lang="en-US">Impaired collateralized loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale" xlink:to="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets of disposal group held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets of disposal group held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale_lbl" xml:lang="en-US">Assets of disposal group held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSale_lbl" xml:lang="en-US">Total assets of disposal group held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsHeldForSale" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsHeldForSale" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsHeldForSale_lbl" xml:lang="en-US">Non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable" xlink:to="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsTable_lbl" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis" xlink:to="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementAxis_lbl" xml:lang="en-US">Valuation techniques used in fair value measurement [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValuationTechniquesUsedInFairValueMeasurementDomain_lbl" xml:lang="en-US">Valuation techniques used in fair value measurement [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MarketComparablePricesMember" xlink:label="ifrs-full_MarketComparablePricesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MarketComparablePricesMember" xlink:to="ifrs-full_MarketComparablePricesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MarketComparablePricesMember_lbl" xml:lang="en-US">Market comparable prices [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeApproachMember" xlink:label="ifrs-full_IncomeApproachMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeApproachMember" xlink:to="ifrs-full_IncomeApproachMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeApproachMember_lbl" xml:lang="en-US">Income approach [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember" xlink:to="aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember_lbl" xml:lang="en-US">Adjusted discounted cash flow, discount interest rates, one [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember_lbl" xml:lang="en-US">Adjusted discounted cash flow, discount interest rates, one [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesOneMember_lbl" xml:lang="en-US">Adjusted discounted cash flow, discount interest rates, one</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember" xlink:to="aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember_lbl" xml:lang="en-US">Adjusted discounted cash flow, discount interest rates, two [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember_lbl" xml:lang="en-US">Adjusted discounted cash flow, discount interest rates, two [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustedDiscountedCashFlowDiscountInterestRatesTwoMember_lbl" xml:lang="en-US">Adjusted discounted cash flow, discount interest rates, two</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GradientMethodMember" xlink:label="aval_GradientMethodMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GradientMethodMember" xlink:to="aval_GradientMethodMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GradientMethodMember_lbl" xml:lang="en-US">Gradient method.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GradientMethodMember_lbl" xml:lang="en-US">Gradient Method [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GradientMethodMember_lbl" xml:lang="en-US">Gradient</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FavorableScenarioMember" xlink:label="aval_FavorableScenarioMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FavorableScenarioMember" xlink:to="aval_FavorableScenarioMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FavorableScenarioMember_lbl" xml:lang="en-US">Favorable scenario</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UnfavorableScenarioMember" xlink:label="aval_UnfavorableScenarioMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UnfavorableScenarioMember" xlink:to="aval_UnfavorableScenarioMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UnfavorableScenarioMember_lbl" xml:lang="en-US">Unfavorable scenario</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems" xlink:to="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantUnobservableInputsUsedInFairValueMeasurementOfAssetsLineItems_lbl" xml:lang="en-US">Disclosure of significant unobservable inputs used in fair value measurement of assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PossibleIncreaseInVariationByNumberOfTimes" xlink:label="aval_PossibleIncreaseInVariationByNumberOfTimes" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PossibleIncreaseInVariationByNumberOfTimes" xlink:to="aval_PossibleIncreaseInVariationByNumberOfTimes_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PossibleIncreaseInVariationByNumberOfTimes_lbl" xml:lang="en-US">Possible increase in variation by number of times.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PossibleIncreaseInVariationByNumberOfTimes_lbl" xml:lang="en-US">Possible Increase In Variation By Number Of Times</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PossibleIncreaseInVariationByNumberOfTimes_lbl" xml:lang="en-US">Increase in variation by number of times</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PossibleDecreaseInVariationByNumberOfTimes" xlink:label="aval_PossibleDecreaseInVariationByNumberOfTimes" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PossibleDecreaseInVariationByNumberOfTimes" xlink:to="aval_PossibleDecreaseInVariationByNumberOfTimes_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PossibleDecreaseInVariationByNumberOfTimes_lbl" xml:lang="en-US">Possible decrease in variation by number of times.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PossibleDecreaseInVariationByNumberOfTimes_lbl" xml:lang="en-US">Possible Decrease In Variation By Number Of Times</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PossibleDecreaseInVariationByNumberOfTimes_lbl" xml:lang="en-US">Decrease in variation by number of times</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfPossibleIncreaseInVariation" xlink:label="aval_PercentageOfPossibleIncreaseInVariation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfPossibleIncreaseInVariation" xlink:to="aval_PercentageOfPossibleIncreaseInVariation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfPossibleIncreaseInVariation_lbl" xml:lang="en-US">Percentage of possible increase in variation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfPossibleIncreaseInVariation_lbl" xml:lang="en-US">Percentage of Possible Increase In Variation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfPossibleIncreaseInVariation_lbl" xml:lang="en-US">Increase in variation (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfPossibleDecreaseInVariation" xlink:label="aval_PercentageOfPossibleDecreaseInVariation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfPossibleDecreaseInVariation" xlink:to="aval_PercentageOfPossibleDecreaseInVariation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfPossibleDecreaseInVariation_lbl" xml:lang="en-US">Percentage of possible decrease in variation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfPossibleDecreaseInVariation_lbl" xml:lang="en-US">Percentage of Possible Decrease In Variation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfPossibleDecreaseInVariation_lbl" xml:lang="en-US">Decrease in variation (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SensitivityOfInvestments" xlink:label="aval_SensitivityOfInvestments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SensitivityOfInvestments" xlink:to="aval_SensitivityOfInvestments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SensitivityOfInvestments_lbl" xml:lang="en-US">The sensitivity analysis of investments under different scenarios.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SensitivityOfInvestments_lbl" xml:lang="en-US">Sensitivity Of Investments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SensitivityOfInvestments_lbl" xml:lang="en-US">Sensitivity analysis of investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_lbl" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible increase in unobservable input, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleIncreaseInUnobservableInputAssets_lbl" xml:lang="en-US">Sensitivity impacts, Scenario 1</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_lbl" xml:lang="en-US">Increase (decrease) in fair value measurement due to reasonably possible decrease in unobservable input, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInFairValueMeasurementDueToReasonablyPossibleDecreaseInUnobservableInputAssets_lbl" xml:lang="en-US">Sensitivity impacts, Scenario 2</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketValue" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketValue" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketValue_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, market value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketValue_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, market value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketValue_lbl" xml:lang="en-US">Scenario 1, increases in the sensitivity analysis of market value (square meter) (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketIncome" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketIncome" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketIncome_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, market income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketIncome_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, market income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseMarketIncome_lbl" xml:lang="en-US">Scenario 1, increases in the sensitivity analysis of market income (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate" xlink:to="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, initial capitalization rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, initial capitalization rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseInitialCapitalizationRate_lbl" xml:lang="en-US">Scenario 1, increases in the sensitivity analysis of initial capitalization rate (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseCashFlowRate" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseCashFlowRate" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseCashFlowRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, cash flow rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseCashFlowRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, increase, cash flow rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableIncreaseCashFlowRate_lbl" xml:lang="en-US">Scenario 1, increases in the sensitivity analysis of cash flow discount rate (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketValue" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketValue" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketValue_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, market value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketValue_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, market value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketValue_lbl" xml:lang="en-US">Scenario 2, decreases in the sensitivity analysis of market value (square meter) (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketIncome" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketIncome" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketIncome_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, market income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketIncome_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, market income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseMarketIncome_lbl" xml:lang="en-US">Scenario 2, decreases in the sensitivity analysis of market income (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate" xlink:to="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, initial capitalization rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, initial capitalization rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseInitialCapitalizationRate_lbl" xml:lang="en-US">Scenario 2, decreases in the sensitivity analysis of initial capitalization rate (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate" xlink:to="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, cash flow rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate_lbl" xml:lang="en-US">Level 3 of fair value hierarchy, valuation of equity instruments through profit or loss, sensitivity analysis, variable, decrease, cash flow rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Level3OfFairValueHierarchyValuationOfEquityInstrumentsThroughProfitOrLossSensitivityAnalysisVariableDecreaseCashFlowRate_lbl" xml:lang="en-US">Scenario 2, decreases in the sensitivity analysis of cash flow rate (square meter) (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentFundsMember" xlink:label="ifrs-full_InvestmentFundsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentFundsMember" xlink:to="ifrs-full_InvestmentFundsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentFundsMember_lbl" xml:lang="en-US">Investment funds [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PrivateRealEstateEquityFundNexusMember" xlink:label="aval_PrivateRealEstateEquityFundNexusMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PrivateRealEstateEquityFundNexusMember" xlink:to="aval_PrivateRealEstateEquityFundNexusMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PrivateRealEstateEquityFundNexusMember_lbl" xml:lang="en-US">Represents information pertaining to private real estate equity fund Nexus.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PrivateRealEstateEquityFundNexusMember_lbl" xml:lang="en-US">Private real estate equity fund Nexus</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PrivateEquityFundPactiaInmobiliarioMember" xlink:label="aval_PrivateEquityFundPactiaInmobiliarioMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PrivateEquityFundPactiaInmobiliarioMember" xlink:to="aval_PrivateEquityFundPactiaInmobiliarioMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PrivateEquityFundPactiaInmobiliarioMember_lbl" xml:lang="en-US">Represents the information pertaining to private equity fund Pactia Inmobiliario.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PrivateEquityFundPactiaInmobiliarioMember_lbl" xml:lang="en-US">Private equity fund Pactia Inmobiliario [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesAxis" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesAxis_lbl" xml:lang="en-US">Unconsolidated structured entities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnconsolidatedStructuredEntitiesDomain" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesDomain" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesDomain_lbl" xml:lang="en-US">Unconsolidated structured entities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnconsolidatedStructuredEntitiesMember" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnconsolidatedStructuredEntitiesMember" xlink:to="ifrs-full_UnconsolidatedStructuredEntitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnconsolidatedStructuredEntitiesMember_lbl" xml:lang="en-US">Total for all unconsolidated structured entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FundsManagedByOtherEntitiesMember" xlink:label="aval_FundsManagedByOtherEntitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FundsManagedByOtherEntitiesMember" xlink:to="aval_FundsManagedByOtherEntitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FundsManagedByOtherEntitiesMember_lbl" xml:lang="en-US">Funds managed by other entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FundsManagedByOtherEntitiesMember_lbl" xml:lang="en-US">Funds managed by other entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AvVillasSaMember" xlink:label="aval_AvVillasSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AvVillasSaMember" xlink:to="aval_AvVillasSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AvVillasSaMember_lbl" xml:lang="en-US">N/A</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AvVillasSaMember_lbl" xml:lang="en-US">Banco AV Villas S A</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValue" xlink:label="ifrs-full_FinancialAssetsAtFairValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValue" xlink:to="ifrs-full_FinancialAssetsAtFairValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Financial assets, at fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Fair Value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_FinancialAssetsAtFairValue_lbl" xml:lang="en-US">Financial assets at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SensitivityAnalysisPercentageOfValuationSample" xlink:label="aval_SensitivityAnalysisPercentageOfValuationSample" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SensitivityAnalysisPercentageOfValuationSample" xlink:to="aval_SensitivityAnalysisPercentageOfValuationSample_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SensitivityAnalysisPercentageOfValuationSample_lbl" xml:lang="en-US">Represents the percentage of valuation sample.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SensitivityAnalysisPercentageOfValuationSample_lbl" xml:lang="en-US">Sensitivity Analysis, Percentage of Valuation Sample</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SensitivityAnalysisPercentageOfValuationSample_lbl" xml:lang="en-US">Percentage of valuation sample</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated" xlink:label="aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated" xlink:to="aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated_lbl" xml:lang="en-US">Represents the percentage of participation in subsidiary for which valuation sample is calculated.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated_lbl" xml:lang="en-US">Percentage of Participation in Subsidiary for which Valuation Sample is Calculated</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfParticipationInSubsidiaryForWhichValuationSampleIsCalculated_lbl" xml:lang="en-US">Percentage of participation in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable" xlink:to="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsTable_lbl" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsAxis" xlink:label="ifrs-full_UnobservableInputsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnobservableInputsAxis" xlink:to="ifrs-full_UnobservableInputsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnobservableInputsAxis_lbl" xml:lang="en-US">Unobservable inputs [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnobservableInputsDomain" xlink:label="ifrs-full_UnobservableInputsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnobservableInputsDomain" xlink:to="ifrs-full_UnobservableInputsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnobservableInputsDomain_lbl" xml:lang="en-US">Unobservable inputs [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DiscountRateMeasurementInputMember" xlink:label="ifrs-full_DiscountRateMeasurementInputMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscountRateMeasurementInputMember" xlink:to="ifrs-full_DiscountRateMeasurementInputMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DiscountRateMeasurementInputMember_lbl" xml:lang="en-US">Discount rate, measurement input [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageCostOfCapitalMeasurementInputMember" xlink:label="ifrs-full_WeightedAverageCostOfCapitalMeasurementInputMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageCostOfCapitalMeasurementInputMember" xlink:to="ifrs-full_WeightedAverageCostOfCapitalMeasurementInputMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageCostOfCapitalMeasurementInputMember_lbl" xml:lang="en-US">Weighted average cost of capital, measurement input [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrowthRateMember" xlink:label="aval_GrowthRateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrowthRateMember" xlink:to="aval_GrowthRateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrowthRateMember_lbl" xml:lang="en-US">Growth rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems" xlink:to="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisOfFairValueMeasurementToChangesInUnobservableInputsAssetsLineItems_lbl" xml:lang="en-US">Disclosure of sensitivity analysis of fair value measurement to changes in unobservable inputs, assets [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint" xlink:to="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint_lbl" xml:lang="en-US">The effect on fair value of assets due to increase in basis point.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint_lbl" xml:lang="en-US">Effect on Fair Value of Unconditional Transfer Rights Of Gas Pipelines to Government entities due to increase in basis point</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToIncreaseInBasisPoint_lbl" xml:lang="en-US">+100 bps</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint" xlink:to="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint_lbl" xml:lang="en-US">The effect on fair value of assets due to decrease in basis point.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint_lbl" xml:lang="en-US">Effect on fair value of unconditional transfer rights of gas pipelines to Government entities due to decrease in basis point</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EffectOnFairValueOfUnconditionalTransferRightsOfGasPipelinesToGovernmentEntitiesDueToDecreaseInBasisPoint_lbl" xml:lang="en-US">-100 bps</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LevelOneToTwoMember" xlink:label="aval_LevelOneToTwoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LevelOneToTwoMember" xlink:to="aval_LevelOneToTwoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LevelOneToTwoMember_lbl" xml:lang="en-US">Level one to two</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LevelThreeToTwoMember" xlink:label="aval_LevelThreeToTwoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LevelThreeToTwoMember" xlink:to="aval_LevelThreeToTwoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LevelThreeToTwoMember_lbl" xml:lang="en-US">Level Three to Two</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LevelThreeToTwoMember_lbl" xml:lang="en-US">Level Three to Two [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LevelThreeToTwoMember_lbl" xml:lang="en-US">Level three to two</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DebtInstrumentsHeld" xlink:label="ifrs-full_DebtInstrumentsHeld" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DebtInstrumentsHeld" xlink:to="ifrs-full_DebtInstrumentsHeld_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DebtInstrumentsHeld_lbl" xml:lang="en-US">Debt instruments held</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DebtInstrumentsHeld_lbl" xml:lang="en-US">Debt instruments held</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsInConcessionMember" xlink:label="aval_FinancialAssetsInConcessionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsInConcessionMember" xlink:to="aval_FinancialAssetsInConcessionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsInConcessionMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsInConcessionMember_lbl" xml:lang="en-US">Financial Assets In Concession [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:label="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets" xlink:to="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_lbl" xml:lang="en-US">Gains (losses) recognised in other comprehensive income including exchange differences, fair value measurement, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesRecognisedInOtherComprehensiveIncomeFairValueMeasurementAssets_lbl" xml:lang="en-US">Changes in fair value recognised in OCI</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SettlementsFairValueMeasurementAssets" xlink:label="ifrs-full_SettlementsFairValueMeasurementAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SettlementsFairValueMeasurementAssets" xlink:to="ifrs-full_SettlementsFairValueMeasurementAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SettlementsFairValueMeasurementAssets_lbl" xml:lang="en-US">Settlements, fair value measurement, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_SettlementsFairValueMeasurementAssets_lbl" xml:lang="en-US">Execution of the conversion option of the BOCEA into shares</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets" xlink:label="aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets" xlink:to="aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US">The amount of transfers of assets into Level 3 (out of Level 3) of the fair value hierarchy.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US">Transfers Into / Out Of Level 3 Of Fair Value Hierarchy, Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TransfersIntoOutOfLevel3OfFairValueHierarchyAssets_lbl" xml:lang="en-US">Net effect from concession termination</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransfersToNoncurrentAssetsHeldForSale" xlink:label="aval_TransfersToNoncurrentAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransfersToNoncurrentAssetsHeldForSale" xlink:to="aval_TransfersToNoncurrentAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TransfersToNoncurrentAssetsHeldForSale_lbl" xml:lang="en-US">Decrease in investment properties due to transfers to non-current assets held for sale.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransfersToNoncurrentAssetsHeldForSale_lbl" xml:lang="en-US">Transfers to noncurrent assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_TransfersToNoncurrentAssetsHeldForSale_lbl" xml:lang="en-US">Transfers to non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Reclassification" xlink:label="aval_Reclassification" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Reclassification" xlink:to="aval_Reclassification_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Reclassification_lbl" xml:lang="en-US">Decrease in assets due to reclassification.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Reclassification_lbl" xml:lang="en-US">Reclassification</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Reclassification_lbl" xml:lang="en-US">Reclassification</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EffectOfMovementsInExchangeRates" xlink:label="aval_EffectOfMovementsInExchangeRates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EffectOfMovementsInExchangeRates" xlink:to="aval_EffectOfMovementsInExchangeRates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EffectOfMovementsInExchangeRates_lbl" xml:lang="en-US">Effect of movements In exchange rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EffectOfMovementsInExchangeRates_lbl" xml:lang="en-US">Effect of movements In exchange rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EffectOfMovementsInExchangeRates_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PurchasesFairValueMeasurementAssets" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PurchasesFairValueMeasurementAssets" xlink:to="ifrs-full_PurchasesFairValueMeasurementAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets_lbl" xml:lang="en-US">Purchases, fair value measurement, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PurchasesFairValueMeasurementAssets_lbl" xml:lang="en-US">Additions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SalesFairValueMeasurementAssets" xlink:label="ifrs-full_SalesFairValueMeasurementAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SalesFairValueMeasurementAssets" xlink:to="ifrs-full_SalesFairValueMeasurementAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SalesFairValueMeasurementAssets_lbl" xml:lang="en-US">Sales, fair value measurement, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_SalesFairValueMeasurementAssets_lbl" xml:lang="en-US">Sales/redemptions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_SalesFairValueMeasurementAssets_lbl" xml:lang="en-US">Sales/redemptions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations" xlink:label="aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations" xlink:to="aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations_lbl" xml:lang="en-US">Fair value measurement assets disposed discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations_lbl" xml:lang="en-US">Fair value measurement, assets, disposed, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FairValueMeasurementAssetsDisposedDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FairValueAssetsTransfersFromLevel2ToLevel3" xlink:label="aval_FairValueAssetsTransfersFromLevel2ToLevel3" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FairValueAssetsTransfersFromLevel2ToLevel3" xlink:to="aval_FairValueAssetsTransfersFromLevel2ToLevel3_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FairValueAssetsTransfersFromLevel2ToLevel3_lbl" xml:lang="en-US">The amount of fair value asset, transfers from level 2 to level 3.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FairValueAssetsTransfersFromLevel2ToLevel3_lbl" xml:lang="en-US">Fair Value, Assets, Transfers From Level 2 To Level 3</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FairValueAssetsTransfersFromLevel2ToLevel3_lbl" xml:lang="en-US">Transfers from level 2 to level 3</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FairValueAssetsTransfersFromLevel3ToLevel2" xlink:label="aval_FairValueAssetsTransfersFromLevel3ToLevel2" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FairValueAssetsTransfersFromLevel3ToLevel2" xlink:to="aval_FairValueAssetsTransfersFromLevel3ToLevel2_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FairValueAssetsTransfersFromLevel3ToLevel2_lbl" xml:lang="en-US">The amount of fair value asset, transfers from level 3 to level 2.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FairValueAssetsTransfersFromLevel3ToLevel2_lbl" xml:lang="en-US">Fair Value, Assets, Transfers From Level 3 To Level 2</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FairValueAssetsTransfersFromLevel3ToLevel2_lbl" xml:lang="en-US">Transfers from level 3 to level 2</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReclassificationFairValueMeasurementAssets" xlink:label="aval_ReclassificationFairValueMeasurementAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReclassificationFairValueMeasurementAssets" xlink:to="aval_ReclassificationFairValueMeasurementAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReclassificationFairValueMeasurementAssets_lbl" xml:lang="en-US">The decrease in the fair value measurement of assets resulting from reclassification.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReclassificationFairValueMeasurementAssets_lbl" xml:lang="en-US">Reclassification Fair Value Measurement, Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReclassificationFairValueMeasurementAssets_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoanPortfolioAndInvestmentsInDebtSecuritiesAtAmortisedCostMember" xlink:label="aval_LoanPortfolioAndInvestmentsInDebtSecuritiesAtAmortisedCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoanPortfolioAndInvestmentsInDebtSecuritiesAtAmortisedCostMember" xlink:to="aval_LoanPortfolioAndInvestmentsInDebtSecuritiesAtAmortisedCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoanPortfolioAndInvestmentsInDebtSecuritiesAtAmortisedCostMember_lbl" xml:lang="en-US">Loan portfolio and investments in debt securities at amortised cost [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoanPortfolioAndInvestmentsInDebtSecuritiesAtAmortisedCostMember_lbl" xml:lang="en-US">Loan portfolio and investments in debt securities at amortised cost [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialLiabilitiesAtFairValue" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialLiabilitiesAtFairValue" xlink:to="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US">Financial liabilities, at fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_FinancialLiabilitiesAtFairValue_lbl" xml:lang="en-US">Financial liabilities at fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections" xlink:to="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfGrowthRateUsedToExtrapolateCashFlowProjections_lbl" xml:lang="en-US">Growth rate used to extrapolate cash flow projections</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantUnobservableInputAssets" xlink:label="ifrs-full_SignificantUnobservableInputAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantUnobservableInputAssets" xlink:to="ifrs-full_SignificantUnobservableInputAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantUnobservableInputAssets_lbl" xml:lang="en-US">Significant unobservable input, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_SignificantUnobservableInputAssets_lbl" xml:lang="en-US">Significant unobservable input, assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PriceOfNaturalRubber" xlink:label="aval_PriceOfNaturalRubber" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PriceOfNaturalRubber" xlink:to="aval_PriceOfNaturalRubber_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PriceOfNaturalRubber_lbl" xml:lang="en-US">The forecasted price of natural rubber.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PriceOfNaturalRubber_lbl" xml:lang="en-US">Price of natural rubber</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PriceOfAfricanPalmPerTon" xlink:label="aval_PriceOfAfricanPalmPerTon" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PriceOfAfricanPalmPerTon" xlink:to="aval_PriceOfAfricanPalmPerTon_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PriceOfAfricanPalmPerTon_lbl" xml:lang="en-US">The forecasted price of African palm.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PriceOfAfricanPalmPerTon_lbl" xml:lang="en-US">Price of African palm per ton</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinancialAssetsAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember" xlink:to="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnCashAndCashEquivalents" xlink:label="ifrs-full_InterestIncomeOnCashAndCashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnCashAndCashEquivalents" xlink:to="ifrs-full_InterestIncomeOnCashAndCashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnCashAndCashEquivalents_lbl" xml:lang="en-US">Interest income on cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestIncomeOnCashAndCashEquivalents_lbl" xml:lang="en-US">Cash and cash equivalents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnOtherFinancialAssets" xlink:to="ifrs-full_InterestIncomeOnOtherFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets_lbl" xml:lang="en-US">Interest income on other financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestIncomeOnOtherFinancialAssets_lbl" xml:lang="en-US">Other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts" xlink:label="aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts" xlink:to="aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts_lbl" xml:lang="en-US">The amount of income arising from interest on loans, cash and cash equivalents and other accounts receivable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts_lbl" xml:lang="en-US">Revenue From Interest on Loans, Cash and Cash Equivalents And Other Accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_RevenueFromInterestOnLoansCashAndCashEquivalentsAndOtherAccounts_lbl" xml:lang="en-US">Total interest income cash and cash equivalents and other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseOnDepositsCheckingAccounts" xlink:label="aval_InterestExpenseOnDepositsCheckingAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseOnDepositsCheckingAccounts" xlink:to="aval_InterestExpenseOnDepositsCheckingAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseOnDepositsCheckingAccounts_lbl" xml:lang="en-US">The amount of interest expense on deposits from customers. [Refer: Interest expense; Deposits from customers.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseOnDepositsCheckingAccounts_lbl" xml:lang="en-US">Interest expense on deposits checking accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseOnDepositsCheckingAccounts_lbl" xml:lang="en-US">Checking accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseOnDepositsSavingsAccounts" xlink:label="aval_InterestExpenseOnDepositsSavingsAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseOnDepositsSavingsAccounts" xlink:to="aval_InterestExpenseOnDepositsSavingsAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseOnDepositsSavingsAccounts_lbl" xml:lang="en-US">The amount of interest expense on deposits from customers. [Refer: Interest expense; Deposits from customers]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseOnDepositsSavingsAccounts_lbl" xml:lang="en-US">Interest expense on deposits savings accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseOnDepositsSavingsAccounts_lbl" xml:lang="en-US">Savings accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseHedgingDerivativeOnSavingsAccounts" xlink:label="aval_InterestExpenseHedgingDerivativeOnSavingsAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseHedgingDerivativeOnSavingsAccounts" xlink:to="aval_InterestExpenseHedgingDerivativeOnSavingsAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseHedgingDerivativeOnSavingsAccounts_lbl" xml:lang="en-US">Represents the portion of interest expense arising from the interest component of a derivative designated as a hedging instrument, where the hedged item is the entity's savings account deposits.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseHedgingDerivativeOnSavingsAccounts_lbl" xml:lang="en-US">Interest Expense, Hedging Derivative On Savings Accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseHedgingDerivativeOnSavingsAccounts_lbl" xml:lang="en-US">Interest of the derivative designated as the hedging instrument in savings accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseOnDepositsTimeDeposits" xlink:label="aval_InterestExpenseOnDepositsTimeDeposits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseOnDepositsTimeDeposits" xlink:to="aval_InterestExpenseOnDepositsTimeDeposits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseOnDepositsTimeDeposits_lbl" xml:lang="en-US">The amount of interest expense on deposits from customers. [Refer: Interest expense; Deposits from customers]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseOnDepositsTimeDeposits_lbl" xml:lang="en-US">Interest expense on deposits time deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseOnDepositsTimeDeposits_lbl" xml:lang="en-US">Time deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseHedgingDerivativeOnTimeDeposits" xlink:label="aval_InterestExpenseHedgingDerivativeOnTimeDeposits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseHedgingDerivativeOnTimeDeposits" xlink:to="aval_InterestExpenseHedgingDerivativeOnTimeDeposits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseHedgingDerivativeOnTimeDeposits_lbl" xml:lang="en-US">Represents the portion of interest expense arising from the interest component of a derivative designated as a hedging instrument, where the hedged item is the entity's time deposits.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseHedgingDerivativeOnTimeDeposits_lbl" xml:lang="en-US">Interest Expense, Hedging Derivative On Time Deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseHedgingDerivativeOnTimeDeposits_lbl" xml:lang="en-US">Interest of the derivative designated as the hedging instrument in time deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialObligationsAbstract" xlink:label="aval_FinancialObligationsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialObligationsAbstract" xlink:to="aval_FinancialObligationsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialObligationsAbstract_lbl" xml:lang="en-US">Financial obligations [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialObligationsAbstract_lbl" xml:lang="en-US">Financial obligations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds" xlink:label="aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds" xlink:to="aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds_lbl" xml:lang="en-US">Interest expense on interbank borrowings and overnight funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds_lbl" xml:lang="en-US">Interest expense on interbank borrowings and overnight funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseOnInterbankBorrowingsAndOvernightFunds_lbl" xml:lang="en-US">Interbank borrowings and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseHedgingDerivativeOnBankBorrowings" xlink:label="aval_InterestExpenseHedgingDerivativeOnBankBorrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseHedgingDerivativeOnBankBorrowings" xlink:to="aval_InterestExpenseHedgingDerivativeOnBankBorrowings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseHedgingDerivativeOnBankBorrowings_lbl" xml:lang="en-US">Represents the portion of interest expense arising from the interest component of a derivative designated as a hedging instrument, where the hedged item is the entity's bank borrowings.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseHedgingDerivativeOnBankBorrowings_lbl" xml:lang="en-US">Interest Expense, Hedging Derivative On Bank Borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseHedgingDerivativeOnBankBorrowings_lbl" xml:lang="en-US">Interest of the derivative designated as the hedging instrument in interbank borrowings and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnBorrowings" xlink:label="ifrs-full_InterestExpenseOnBorrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnBorrowings" xlink:to="ifrs-full_InterestExpenseOnBorrowings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnBorrowings_lbl" xml:lang="en-US">Interest expense on borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnBorrowings_lbl" xml:lang="en-US">Borrowings from banks and similar</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnLeaseLiabilities" xlink:to="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" xml:lang="en-US">Interest expense on lease liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnLeaseLiabilities_lbl" xml:lang="en-US">Leases contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnBonds" xlink:label="ifrs-full_InterestExpenseOnBonds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnBonds" xlink:to="ifrs-full_InterestExpenseOnBonds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnBonds_lbl" xml:lang="en-US">Interest expense on bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnBonds_lbl" xml:lang="en-US">Bonds issued</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestExpenseOnBonds_lbl" xml:lang="en-US">Interest expense on bonds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestExpenseOnBorrowingFromDevelopmentEntities" xlink:label="aval_InterestExpenseOnBorrowingFromDevelopmentEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestExpenseOnBorrowingFromDevelopmentEntities" xlink:to="aval_InterestExpenseOnBorrowingFromDevelopmentEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestExpenseOnBorrowingFromDevelopmentEntities_lbl" xml:lang="en-US">The amount of interest expenses on borrowing from development entities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestExpenseOnBorrowingFromDevelopmentEntities_lbl" xml:lang="en-US">Interest expense on borrowing from development entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestExpenseOnBorrowingFromDevelopmentEntities_lbl" xml:lang="en-US">Borrowing from development entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCashAndCashEquivalentsTable" xlink:label="aval_DisclosureOfCashAndCashEquivalentsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCashAndCashEquivalentsTable" xlink:to="aval_DisclosureOfCashAndCashEquivalentsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfCashAndCashEquivalentsTable_lbl" xml:lang="en-US">Disclosure of cash and cash equivalents [table]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCashAndCashEquivalentsTable_lbl" xml:lang="en-US">Disclosure of cash and cash equivalents [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCashAndCashEquivalentsLineItems" xlink:label="aval_DisclosureOfCashAndCashEquivalentsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCashAndCashEquivalentsLineItems" xlink:to="aval_DisclosureOfCashAndCashEquivalentsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCashAndCashEquivalentsLineItems_lbl" xml:lang="en-US">Disclosure of cash and cash equivalents [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Cash" xlink:label="ifrs-full_Cash" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Cash" xlink:to="ifrs-full_Cash_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US">Cash</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Cash_lbl" xml:lang="en-US">Cash</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:label="ifrs-full_CashAndBankBalancesAtCentralBanks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashAndBankBalancesAtCentralBanks" xlink:to="ifrs-full_CashAndBankBalancesAtCentralBanks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashAndBankBalancesAtCentralBanks_lbl" xml:lang="en-US">Cash and bank balances at central banks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CashAndBankBalancesAtCentralBanks_lbl" xml:lang="en-US">Deposits in the Colombian central bank</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BalancesWithBanks" xlink:label="ifrs-full_BalancesWithBanks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BalancesWithBanks" xlink:to="ifrs-full_BalancesWithBanks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BalancesWithBanks_lbl" xml:lang="en-US">Balances with banks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BalancesWithBanks_lbl" xml:lang="en-US">Demand deposits in banks and other financial entities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BankingArrangementsClassifiedAsCashEquivalents" xlink:label="ifrs-full_BankingArrangementsClassifiedAsCashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BankingArrangementsClassifiedAsCashEquivalents" xlink:to="ifrs-full_BankingArrangementsClassifiedAsCashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BankingArrangementsClassifiedAsCashEquivalents_lbl" xml:lang="en-US">Other banking arrangements, classified as cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BankingArrangementsClassifiedAsCashEquivalents_lbl" xml:lang="en-US">Clearing houses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:label="ifrs-full_CurrentRestrictedCashAndCashEquivalents" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentRestrictedCashAndCashEquivalents" xlink:to="ifrs-full_CurrentRestrictedCashAndCashEquivalents_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentRestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Current restricted cash and cash equivalents</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentRestrictedCashAndCashEquivalents_lbl" xml:lang="en-US">Cash held for specific purposes</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork" xlink:label="aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork" xlink:to="aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork_lbl" xml:lang="en-US">Current restricted cash and cash equivalents for land acquisition and execution of network work.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork_lbl" xml:lang="en-US">Current Restricted Cash And Cash Equivalents For Land Acquisition And Execution Of Network Work</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CurrentRestrictedCashAndCashEquivalentsForLandAcquisitionAndExecutionOfNetworkWork_lbl" xml:lang="en-US">Cash and cash equivalents for land acquisition and execution of network work</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:label="ifrs-full_MandatoryReserveDepositsAtCentralBanks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MandatoryReserveDepositsAtCentralBanks" xlink:to="ifrs-full_MandatoryReserveDepositsAtCentralBanks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Mandatory reserve deposits at central banks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_MandatoryReserveDepositsAtCentralBanks_lbl" xml:lang="en-US">Cash reserves</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TradingAssetsAndLiabilitiesNet" xlink:label="aval_TradingAssetsAndLiabilitiesNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TradingAssetsAndLiabilitiesNet" xlink:to="aval_TradingAssetsAndLiabilitiesNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TradingAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">The amount of trading asset (liabilities) net as on the balance sheet date.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TradingAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">Trading assets and liabilities, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TradingAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">Total trading assets and liabilities net</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CorporateStockMember" xlink:label="aval_CorporateStockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CorporateStockMember" xlink:to="aval_CorporateStockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CorporateStockMember_lbl" xml:lang="en-US">Corporate stock</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PensionAndSeveranceFundsMember" xlink:label="aval_PensionAndSeveranceFundsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PensionAndSeveranceFundsMember" xlink:to="aval_PensionAndSeveranceFundsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PensionAndSeveranceFundsMember_lbl" xml:lang="en-US">Represents information pertaining to pension and severance funds.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PensionAndSeveranceFundsMember_lbl" xml:lang="en-US">Pension and severance funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_StabilizationReservesMember" xlink:label="aval_StabilizationReservesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_StabilizationReservesMember" xlink:to="aval_StabilizationReservesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_StabilizationReservesMember_lbl" xml:lang="en-US">Represents information pertaining to Stabilization reserves.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_StabilizationReservesMember_lbl" xml:lang="en-US">Stabilization Reserves [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_StabilizationReservesMember_lbl" xml:lang="en-US">Stabilization reserves</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FiduciaryAssignmentsMember" xlink:label="aval_FiduciaryAssignmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FiduciaryAssignmentsMember" xlink:to="aval_FiduciaryAssignmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FiduciaryAssignmentsMember_lbl" xml:lang="en-US">Represent assets administered by the entity in a fiduciary capacity on behalf of third parties, for which the entity acts as an administrator without assuming ownership. These assets are kept off-balance sheet and are managed in accordance with the terms of the fiduciary contract.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FiduciaryAssignmentsMember_lbl" xml:lang="en-US">Fiduciary Assignments [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FiduciaryAssignmentsMember_lbl" xml:lang="en-US">Fiduciary assignments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember" xlink:to="aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember_lbl" xml:lang="en-US">Restricted investment funds related to Concesionaria Nueva Via al Mar [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember_lbl" xml:lang="en-US">Restricted investment funds related to Concesionaria Nueva Via al Mar [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaNuevaViaAlMarMember_lbl" xml:lang="en-US">Concesionaria Nueva Via al Mar</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember" xlink:to="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember_lbl" xml:lang="en-US">This member stands for restricted investment funds related to Concesionaria Vial Dl Pacifico.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember_lbl" xml:lang="en-US">Restricted Investment Funds Related To Concesionaria Vial Dl Pacifico [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDlPacificoMember_lbl" xml:lang="en-US">Concesionaria Vial del Pacfico</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember" xlink:to="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember_lbl" xml:lang="en-US">This member stands for restricted investment funds related to Concesionaria Vial del Oriente.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember_lbl" xml:lang="en-US">Restricted Investment Funds Related To Concesionaria Vial Del Oriente [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RestrictedInvestmentFundsRelatedToConcesionariaVialDelOrienteMember_lbl" xml:lang="en-US">Concesionaria Vial del Oriente</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities" xlink:to="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities_lbl" xml:lang="en-US">The amount of financial assets at fair value through profit or loss classified as held for trading. A financial asset is classified as held for trading if: (a) it is acquired principally for the purpose of selling it in the near term; (b) on initial recognition it is part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking; or (c) it is a derivative (except for a derivative that is a financial guarantee contract or a designated and effective hedging instrument). [Refer: At fair value [member]; Financial assets at fair value through profit or loss]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss classified as held equity securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsAtFairValueThroughProfitOrLossClassifiedAsHeldEquitySecurities_lbl" xml:lang="en-US">Financial assets at fair value through profit or loss classified as held equity securities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds" xlink:label="aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds" xlink:to="aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds_lbl" xml:lang="en-US">The percentage of total assets of funds to be invested in mandatory severance and pension funds.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds_lbl" xml:lang="en-US">Percentage Of Total Assets Of Funds To Be Invested In Mandatory Severance And Pension Funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfTotalAssetsOfFundsToBeInvestedInMandatorySeveranceAndPensionFunds_lbl" xml:lang="en-US">Percentage of total assets of funds to be invested in mandatory severance and pension funds</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ForwardContractMember" xlink:label="ifrs-full_ForwardContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ForwardContractMember" xlink:to="ifrs-full_ForwardContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ForwardContractMember_lbl" xml:lang="en-US">Forward contract [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForwardContractForeignCurrencyToBuyMember" xlink:label="aval_ForwardContractForeignCurrencyToBuyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForwardContractForeignCurrencyToBuyMember" xlink:to="aval_ForwardContractForeignCurrencyToBuyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForwardContractForeignCurrencyToBuyMember_lbl" xml:lang="en-US">Represents information pertaining to forward contracts, foreign currency to buy.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForwardContractForeignCurrencyToBuyMember_lbl" xml:lang="en-US">Forward contracts, Foreign currency to buy</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForwardContractForeignCurrencyToSellMember" xlink:label="aval_ForwardContractForeignCurrencyToSellMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForwardContractForeignCurrencyToSellMember" xlink:to="aval_ForwardContractForeignCurrencyToSellMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForwardContractForeignCurrencyToSellMember_lbl" xml:lang="en-US">Represents information pertaining to forward contracts, foreign currency to sell.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForwardContractForeignCurrencyToSellMember_lbl" xml:lang="en-US">Forward contracts, Foreign currency to sell</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForwardContractDebtSecuritiesToBuyMember" xlink:label="aval_ForwardContractDebtSecuritiesToBuyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForwardContractDebtSecuritiesToBuyMember" xlink:to="aval_ForwardContractDebtSecuritiesToBuyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForwardContractDebtSecuritiesToBuyMember_lbl" xml:lang="en-US">Represents information pertaining to forward contracts, debt securities to buy.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForwardContractDebtSecuritiesToBuyMember_lbl" xml:lang="en-US">Forward contracts, Debt securities to buy</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForwardContractDebtSecuritiesToSellMember" xlink:label="aval_ForwardContractDebtSecuritiesToSellMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForwardContractDebtSecuritiesToSellMember" xlink:to="aval_ForwardContractDebtSecuritiesToSellMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForwardContractDebtSecuritiesToSellMember_lbl" xml:lang="en-US">Represents information pertaining to forward contracts, debt securities to sell.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForwardContractDebtSecuritiesToSellMember_lbl" xml:lang="en-US">Forward contracts, Debt securities to sell</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SwapContractMember" xlink:label="ifrs-full_SwapContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SwapContractMember" xlink:to="ifrs-full_SwapContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SwapContractMember_lbl" xml:lang="en-US">Swap contract [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OptionContractMember" xlink:label="ifrs-full_OptionContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OptionContractMember" xlink:to="ifrs-full_OptionContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OptionContractMember_lbl" xml:lang="en-US">Option contract [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OptionContractForeignCurrencyToBuyMember" xlink:label="aval_OptionContractForeignCurrencyToBuyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OptionContractForeignCurrencyToBuyMember" xlink:to="aval_OptionContractForeignCurrencyToBuyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OptionContractForeignCurrencyToBuyMember_lbl" xml:lang="en-US">Represents information pertaining to options contracts, foreign currency to buy.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OptionContractForeignCurrencyToBuyMember_lbl" xml:lang="en-US">Options Contracts, Foreign currency to buy</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:label="ifrs-full_DerivativeFinancialAssetsHeldForTrading" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DerivativeFinancialAssetsHeldForTrading" xlink:to="ifrs-full_DerivativeFinancialAssetsHeldForTrading_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DerivativeFinancialAssetsHeldForTrading_lbl" xml:lang="en-US">Derivative financial assets held for trading</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DerivativeFinancialAssetsHeldForTrading_lbl" xml:lang="en-US">Derivative assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OptionContractForeignCurrencyToSellMember" xlink:label="aval_OptionContractForeignCurrencyToSellMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OptionContractForeignCurrencyToSellMember" xlink:to="aval_OptionContractForeignCurrencyToSellMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OptionContractForeignCurrencyToSellMember_lbl" xml:lang="en-US">Represents information pertaining to options contracts, foreign currency to sell.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OptionContractForeignCurrencyToSellMember_lbl" xml:lang="en-US">Options Contracts, Foreign currency to sell</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SecuritiesIssuedOrSecuredByNonFinancialSectorEntitiesMember" xlink:label="aval_SecuritiesIssuedOrSecuredByNonFinancialSectorEntitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SecuritiesIssuedOrSecuredByNonFinancialSectorEntitiesMember" xlink:to="aval_SecuritiesIssuedOrSecuredByNonFinancialSectorEntitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SecuritiesIssuedOrSecuredByNonFinancialSectorEntitiesMember_lbl" xml:lang="en-US">n\a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SecuritiesIssuedOrSecuredByNonFinancialSectorEntitiesMember_lbl" xml:lang="en-US">Securities issued or secured by non-financial sector entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsAtCost" xlink:label="aval_FinancialAssetsAtCost" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsAtCost" xlink:to="aval_FinancialAssetsAtCost_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsAtCost_lbl" xml:lang="en-US">Financial assets at cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsAtCost_lbl" xml:lang="en-US">Financial assets at cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsAtCost_lbl" xml:lang="en-US">Cost</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsUnrealisedGains" xlink:label="aval_FinancialAssetsUnrealisedGains" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsUnrealisedGains" xlink:to="aval_FinancialAssetsUnrealisedGains_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsUnrealisedGains_lbl" xml:lang="en-US">Amount of unrealized gain on investment securities measured at fair value recognized in other comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsUnrealisedGains_lbl" xml:lang="en-US">Financial assets, unrealised gains</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAssetsUnrealisedGains_lbl" xml:lang="en-US">Unrealized Gain</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsUnrealisedLosses" xlink:label="aval_FinancialAssetsUnrealisedLosses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsUnrealisedLosses" xlink:to="aval_FinancialAssetsUnrealisedLosses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsUnrealisedLosses_lbl" xml:lang="en-US">Amount of unrealized loss on investment securities measured at fair value recognized in other comprehensive income.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsUnrealisedLosses_lbl" xml:lang="en-US">Financial assets, unrealised losses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_FinancialAssetsUnrealisedLosses_lbl" xml:lang="en-US">Unrealized Losses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:label="aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets" xlink:to="aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Amount of expected credit losses allowance account for credit losses of financial assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">Expected Credit Losses Allowance Account For Credit Losses Of Financial Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ExpectedCreditLossesAllowanceAccountForCreditLossesOfFinancialAssets_lbl" xml:lang="en-US">ECL</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss" xlink:label="aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss" xlink:to="aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" xml:lang="en-US">Amount of redemption or sales reclassified from other comprehensive income before tax to profit or loss.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" xml:lang="en-US">Redemptions Or Sales Reclassified From O C I Before Tax to Profit Or Loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RedemptionsOrSalesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" xml:lang="en-US">Redemptions or sales</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss" xlink:label="aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss" xlink:to="aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" xml:lang="en-US">Amount of expected credit loss allowance reclassified from other comprehensive income before tax to profit or loss.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" xml:lang="en-US">Expected Credit Loss Allowances Reclassified From O C I Before Tax to Profit Or Loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ExpectedCreditLossAllowancesReclassifiedFromOCIBeforeTaxToProfitOrLoss_lbl" xml:lang="en-US">ECL allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax" xlink:label="aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax" xlink:to="aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US">The amount reclassified to profit or loss from other comprehensive income before tax.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US">Amount Reclassified To Profit Or Loss From Other Comprehensive Income Before Tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_AmountReclassifiedToProfitOrLossFromOtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US">Total reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember" xlink:to="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US">Later than three months and not later than one year [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanThreeMonthsAndNotLaterThanOneYearMember_lbl" xml:lang="en-US">More than 3 months and no more than 1 year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than one year and not later than five years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">From 1 to 5 years</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">More than 1 year and no more than 5 years</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US">Later than five years and not later than ten years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFiveYearsAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US">More than 5 years and no more than 10 years</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTenYearsMember" xlink:label="ifrs-full_LaterThanTenYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTenYearsMember" xlink:to="ifrs-full_LaterThanTenYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTenYearsMember_lbl" xml:lang="en-US">Later than ten years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanTenYearsMember_lbl" xml:lang="en-US">More than 10 years</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PledgedInMoneyMarketOperationsAndPledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember" xlink:label="aval_PledgedInMoneyMarketOperationsAndPledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PledgedInMoneyMarketOperationsAndPledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember" xlink:to="aval_PledgedInMoneyMarketOperationsAndPledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PledgedInMoneyMarketOperationsAndPledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember_lbl" xml:lang="en-US">Pledged in money market operations and pledged as collateral to special entities such as CRCC, BR and BVC [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PledgedInMoneyMarketOperationsAndPledgedAsCollateralToSpecialEntitiesSuchAsCrccBrAndBvcMember_lbl" xml:lang="en-US">Pledged in money market operations and pledged as collateral to special entities such as CRCC, BR and BVC</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrupoEnergiaBogotaSaEspMember" xlink:label="aval_GrupoEnergiaBogotaSaEspMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrupoEnergiaBogotaSaEspMember" xlink:to="aval_GrupoEnergiaBogotaSaEspMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrupoEnergiaBogotaSaEspMember_lbl" xml:lang="en-US">Grupo Energia Bogota S.A. E.S.P. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrupoEnergiaBogotaSaEspMember_lbl" xml:lang="en-US">Grupo Energia Bogota SA ESP [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrupoEnergiaBogotaSaEspMember_lbl" xml:lang="en-US">Grupo Energia Bogota S.A. E.S.P.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PortOperatingCompaniesMember" xlink:label="aval_PortOperatingCompaniesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PortOperatingCompaniesMember" xlink:to="aval_PortOperatingCompaniesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PortOperatingCompaniesMember_lbl" xml:lang="en-US">This member stands for port operating companies.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PortOperatingCompaniesMember_lbl" xml:lang="en-US">Port operating companies</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_HoldingBursatilRegionalSaMember" xlink:label="aval_HoldingBursatilRegionalSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_HoldingBursatilRegionalSaMember" xlink:to="aval_HoldingBursatilRegionalSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_HoldingBursatilRegionalSaMember_lbl" xml:lang="en-US">Holding Bursatil Regional S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_HoldingBursatilRegionalSaMember_lbl" xml:lang="en-US">Holding Bursatil Regional SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_HoldingBursatilRegionalSaMember_lbl" xml:lang="en-US">Holding Bursatil Regional S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TitularizadoraColombianaS.A.Member" xlink:label="aval_TitularizadoraColombianaS.A.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TitularizadoraColombianaS.A.Member" xlink:to="aval_TitularizadoraColombianaS.A.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TitularizadoraColombianaS.A.Member_lbl" xml:lang="en-US">Titularizadora Colombiana S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TitularizadoraColombianaS.A.Member_lbl" xml:lang="en-US">Titularizadora Colombiana S. A. [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TitularizadoraColombianaS.A.Member_lbl" xml:lang="en-US">Titularizadora Colombiana S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OthersMember" xlink:label="aval_OthersMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OthersMember" xlink:to="aval_OthersMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OthersMember_lbl" xml:lang="en-US">Others [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OthersMember_lbl" xml:lang="en-US">Others [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_OthersMember_lbl" xml:lang="en-US">Others</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MinerosSaMember" xlink:label="aval_MinerosSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MinerosSaMember" xlink:to="aval_MinerosSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MinerosSaMember_lbl" xml:lang="en-US">Mineros S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfSharesSold" xlink:label="aval_PercentageOfSharesSold" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfSharesSold" xlink:to="aval_PercentageOfSharesSold_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfSharesSold_lbl" xml:lang="en-US">Percentage of shares sold</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfSharesSold_lbl" xml:lang="en-US">Percentage of shares sold</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfSharesSold_lbl" xml:lang="en-US">Percentage of shares sold</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_PercentageOfSharesSold_lbl" xml:lang="en-US">Percentage of share disposed (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromDividends" xlink:label="ifrs-full_RevenueFromDividends" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromDividends" xlink:to="ifrs-full_RevenueFromDividends_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromDividends_lbl" xml:lang="en-US">Dividend income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RevenueFromDividends_lbl" xml:lang="en-US">Dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_VariationInClosingForeignExchangeRate" xlink:label="aval_VariationInClosingForeignExchangeRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_VariationInClosingForeignExchangeRate" xlink:to="aval_VariationInClosingForeignExchangeRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_VariationInClosingForeignExchangeRate_lbl" xml:lang="en-US">Variation in closing foreign exchange rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_VariationInClosingForeignExchangeRate_lbl" xml:lang="en-US">Variation in closing foreign exchange rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_VariationInClosingForeignExchangeRate_lbl" xml:lang="en-US">Variation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsTable_lbl" xml:lang="en-US">Disclosure of detailed information about hedging instruments [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherSubsidiariesAndBranchesBancoDeBogotaMember" xlink:label="aval_OtherSubsidiariesAndBranchesBancoDeBogotaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherSubsidiariesAndBranchesBancoDeBogotaMember" xlink:to="aval_OtherSubsidiariesAndBranchesBancoDeBogotaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherSubsidiariesAndBranchesBancoDeBogotaMember_lbl" xml:lang="en-US">Other subsidiaries and branches Banco de Bogota</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherSubsidiariesAndBranchesBancoDeBogotaMember_lbl" xml:lang="en-US">Other subsidiaries and branches Banco de Bogot</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SociedadPortuariaElCayaoSaEspMember" xlink:label="aval_SociedadPortuariaElCayaoSaEspMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SociedadPortuariaElCayaoSaEspMember" xlink:to="aval_SociedadPortuariaElCayaoSaEspMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SociedadPortuariaElCayaoSaEspMember_lbl" xml:lang="en-US">Sociedad Portuaria El Cayao S.A. E.S.P.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasesDelPacificoSacMember" xlink:label="aval_GasesDelPacificoSacMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasesDelPacificoSacMember" xlink:to="aval_GasesDelPacificoSacMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasesDelPacificoSacMember_lbl" xml:lang="en-US">Gases del Pacifico S.A.C. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasesDelPacificoSacMember_lbl" xml:lang="en-US">Gases del Pacifico SAC [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GasesDelPacificoSacMember_lbl" xml:lang="en-US">Gases del Pacifico S.A.C.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasNaturalDeLimaYCallaoSacCaliddaMember" xlink:label="aval_GasNaturalDeLimaYCallaoSacCaliddaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasNaturalDeLimaYCallaoSacCaliddaMember" xlink:to="aval_GasNaturalDeLimaYCallaoSacCaliddaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasNaturalDeLimaYCallaoSacCaliddaMember_lbl" xml:lang="en-US">Gas Natural de Lima y Callao S.A.C. - Calidda [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasNaturalDeLimaYCallaoSacCaliddaMember_lbl" xml:lang="en-US">Gas Natural de Lima y Callao SAC - Calidda [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GasNaturalDeLimaYCallaoSacCaliddaMember_lbl" xml:lang="en-US">Gas Natural de Lima y Callao S.A.C. - Calidda</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromigasPerS.a.c.Member" xlink:label="aval_PromigasPerS.a.c.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromigasPerS.a.c.Member" xlink:to="aval_PromigasPerS.a.c.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PromigasPerS.a.c.Member_lbl" xml:lang="en-US">N/A</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromigasPerS.a.c.Member_lbl" xml:lang="en-US">Promigas Per S.A.C.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasesDelNorteDelPeruS.a.c.Member" xlink:label="aval_GasesDelNorteDelPeruS.a.c.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasesDelNorteDelPeruS.a.c.Member" xlink:to="aval_GasesDelNorteDelPeruS.a.c.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasesDelNorteDelPeruS.a.c.Member_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasesDelNorteDelPeruS.a.c.Member_lbl" xml:lang="en-US">Gases del Norte del Peru S.A.C.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromigasPanamCorporationMember" xlink:label="aval_PromigasPanamCorporationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromigasPanamCorporationMember" xlink:to="aval_PromigasPanamCorporationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PromigasPanamCorporationMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromigasPanamCorporationMember_lbl" xml:lang="en-US">Promigas Panam Corporation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromigasUsaIncMember" xlink:label="aval_PromigasUsaIncMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromigasUsaIncMember" xlink:to="aval_PromigasUsaIncMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PromigasUsaIncMember_lbl" xml:lang="en-US">Represents information pertaining to Promigas USA INC.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromigasUsaIncMember_lbl" xml:lang="en-US">Promigas USA INC [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PromigasUsaIncMember_lbl" xml:lang="en-US">Promigas USA INC</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutHedgingInstrumentsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about hedging instruments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:label="ifrs-full_HedgesOfNetInvestmentsInForeignOperationsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgesOfNetInvestmentsInForeignOperationsAbstract" xlink:to="ifrs-full_HedgesOfNetInvestmentsInForeignOperationsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgesOfNetInvestmentsInForeignOperationsAbstract_lbl" xml:lang="en-US">Hedges of net investment in foreign operations [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax" xlink:to="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsBeforeTax_lbl" xml:lang="en-US">Net OCI account</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfHedgesAxis" xlink:label="ifrs-full_TypesOfHedgesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesAxis" xlink:to="ifrs-full_TypesOfHedgesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesAxis_lbl" xml:lang="en-US">Types of hedges [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfHedgesDomain" xlink:label="ifrs-full_TypesOfHedgesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfHedgesDomain" xlink:to="ifrs-full_TypesOfHedgesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfHedgesDomain_lbl" xml:lang="en-US">Types of hedges [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember" xlink:to="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgesOfNetInvestmentInForeignOperationsMember_lbl" xml:lang="en-US">Hedges of net investment in foreign operations [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInSubsidiaries" xlink:label="ifrs-full_InvestmentsInSubsidiaries" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInSubsidiaries" xlink:to="ifrs-full_InvestmentsInSubsidiaries_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInSubsidiaries_lbl" xml:lang="en-US">Investments in subsidiaries reported in separate financial statements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentsInSubsidiaries_lbl" xml:lang="en-US">Investment amount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgedItemLiabilities" xlink:label="ifrs-full_HedgedItemLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgedItemLiabilities" xlink:to="ifrs-full_HedgedItemLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgedItemLiabilities_lbl" xml:lang="en-US">Hedged item, liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_HedgedItemLiabilities_lbl" xml:lang="en-US">Amount of hedge by financial liabilities in foreign currency</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax" xlink:to="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, hedged item, current amount, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, hedged item, current amount, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgedItemCurrentAmountBeforeTax_lbl" xml:lang="en-US">Current amount hedged item</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax" xlink:to="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, hedging non-derivative instrument, current amount, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, hedging non-derivative instrument, current amount, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingNonDerivativeInstrumentCurrentAmountBeforeTax_lbl" xml:lang="en-US">Current amount hedging non-derivative instrument</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax" xlink:to="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, hedging derivative instrument, current amount, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax_lbl" xml:lang="en-US">Gains (losses) on hedges of net investments in foreign operations, hedging derivative instrument, current amount, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnHedgesOfNetInvestmentsInForeignOperationsHedgingDerivativeInstrumentCurrentAmountBeforeTax_lbl" xml:lang="en-US">Current amount hedging derivative instrument</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CashFlowHedgesMember" xlink:label="ifrs-full_CashFlowHedgesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CashFlowHedgesMember" xlink:to="ifrs-full_CashFlowHedgesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CashFlowHedgesMember_lbl" xml:lang="en-US">Cash flow hedges [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForwardElementsOfForwardContractsThatHedgeTransactionRelatedHedgedItems" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForwardElementsOfForwardContractsThatHedgeTransactionRelatedHedgedItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForwardElementsOfForwardContractsThatHedgeTransactionRelatedHedgedItems" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForwardElementsOfForwardContractsThatHedgeTransactionRelatedHedgedItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForwardElementsOfForwardContractsThatHedgeTransactionRelatedHedgedItems_lbl" xml:lang="en-US">Other comprehensive income, net of tax, change in value of forward elements of forward contracts that hedge transaction related hedged items</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInValueOfForwardElementsOfForwardContractsThatHedgeTransactionRelatedHedgedItems_lbl" xml:lang="en-US">Changes in the fair value FwD - Future transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_lbl" xml:lang="en-US">Other comprehensive income, net of tax, change in fair value of financial liability attributable to change in credit risk of liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfFinancialLiabilityAttributableToChangeInCreditRiskOfLiability_lbl" xml:lang="en-US">Changes in the fair value FwD - financial obligations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts" xlink:to="aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts_lbl" xml:lang="en-US">The amount of other comprehensive income, net of tax, related to change in value of interest rate swap contract.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts_lbl" xml:lang="en-US">Other comprehensive income, net of tax, change in Fair Value of Interest Rate Swap Contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInFairValueOfInterestRateSwapContracts_lbl" xml:lang="en-US">Changes in the fair value Interest Rate Swaps (IRS)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) from investments in equity instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Unrealized gains (losses) on equity financial securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesFromInvestmentsInEquityInstruments_lbl" xml:lang="en-US">Changes in the fair value bonds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable" xlink:to="aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable_lbl" xml:lang="en-US">Other comprehensive income, net of tax, change in value of other accounts receivable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable_lbl" xml:lang="en-US">Other Comprehensive Income, net of Tax, Change in Value of Other Accounts Receivable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxChangeInValueOfOtherAccountsReceivable_lbl" xml:lang="en-US">Changes in the fair value other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveIncomeReclassificationAdjustment" xlink:label="aval_OtherComprehensiveIncomeReclassificationAdjustment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherComprehensiveIncomeReclassificationAdjustment" xlink:to="aval_OtherComprehensiveIncomeReclassificationAdjustment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherComprehensiveIncomeReclassificationAdjustment_lbl" xml:lang="en-US">Other comprehensive income reclassification for adjustment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveIncomeReclassificationAdjustment_lbl" xml:lang="en-US">Other comprehensive income reclassification adjustment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveIncomeReclassificationAdjustment_lbl" xml:lang="en-US">Reclassified to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeInUsDollarsForecasted" xlink:label="aval_IncomeInUsDollarsForecasted" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeInUsDollarsForecasted" xlink:to="aval_IncomeInUsDollarsForecasted_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeInUsDollarsForecasted_lbl" xml:lang="en-US">The amount of income in U.S. dollars forecasted.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeInUsDollarsForecasted_lbl" xml:lang="en-US">Income in US dollars forecasted</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncomeInUsDollarsForecasted_lbl" xml:lang="en-US">Income in Thousands of U.S. dollar forecasted</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NominalAmountOfHedgingInstrument" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NominalAmountOfHedgingInstrument" xlink:to="ifrs-full_NominalAmountOfHedgingInstrument_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument_lbl" xml:lang="en-US">Nominal amount of hedging instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument_lbl" xml:lang="en-US">Notional amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NominalAmountOfHedgingInstrument_lbl" xml:lang="en-US">Notional amount contracts forward U.S. dollars</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AverageRateOfHedgingInstrument" xlink:label="ifrs-full_AverageRateOfHedgingInstrument" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageRateOfHedgingInstrument" xlink:to="ifrs-full_AverageRateOfHedgingInstrument_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageRateOfHedgingInstrument_lbl" xml:lang="en-US">Average rate of hedging instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AverageRateOfHedgingInstrument_lbl" xml:lang="en-US">% hedged</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgingInstrumentLiabilities" xlink:label="ifrs-full_HedgingInstrumentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentLiabilities" xlink:to="ifrs-full_HedgingInstrumentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentLiabilities_lbl" xml:lang="en-US">Hedging instrument, liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_HedgingInstrumentLiabilities_lbl" xml:lang="en-US">Hedging derivatives, liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_HedgingInstrumentLiabilities_lbl" xml:lang="en-US">Liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_HedgingInstrumentAssets" xlink:label="ifrs-full_HedgingInstrumentAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_HedgingInstrumentAssets" xlink:to="ifrs-full_HedgingInstrumentAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_HedgingInstrumentAssets_lbl" xml:lang="en-US">Hedging instrument, assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_HedgingInstrumentAssets_lbl" xml:lang="en-US">Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_HedgingInstrumentAssets_lbl" xml:lang="en-US">Hedging derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NumberOfContracts" xlink:label="aval_NumberOfContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NumberOfContracts" xlink:to="aval_NumberOfContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NumberOfContracts_lbl" xml:lang="en-US">The number of contracts taken by the entity at a date.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NumberOfContracts_lbl" xml:lang="en-US">Number of contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_NumberOfContracts_lbl" xml:lang="en-US"># of contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NominalAmountOfHedgedItem" xlink:label="aval_NominalAmountOfHedgedItem" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NominalAmountOfHedgedItem" xlink:to="aval_NominalAmountOfHedgedItem_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NominalAmountOfHedgedItem_lbl" xml:lang="en-US">The nominal amount of a hedging item.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NominalAmountOfHedgedItem_lbl" xml:lang="en-US">Nominal Amount of Hedged Item</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NominalAmountOfHedgedItem_lbl" xml:lang="en-US">Nominal amount Hedged Item Thousands of U.S. dollar</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember" xlink:label="aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember" xlink:to="aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember_lbl" xml:lang="en-US">This member stands for an Interest Rate Swap linked to Overnight IBR on Savings Accounts.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember_lbl" xml:lang="en-US">Interest Rate Swap linked to Overnight IBR on Savings Accounts [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestRateSwapLinkedToOvernightIbrOnSavingsAccountsMember_lbl" xml:lang="en-US">Saving accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember" xlink:label="aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember" xlink:to="aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember_lbl" xml:lang="en-US">This member stands for an Interest Rate Swap linked to Quarterly IBR on Money Market Transactions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember_lbl" xml:lang="en-US">Interest Rate Swap linked to Quarterly IBR on Money Market Transactions [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestRateSwapLinkedToQuarterlyIbrOnMoneyMarketTransactionsMember_lbl" xml:lang="en-US">Money market transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NotionalAmountOfHedgingInstrument" xlink:label="aval_NotionalAmountOfHedgingInstrument" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NotionalAmountOfHedgingInstrument" xlink:to="aval_NotionalAmountOfHedgingInstrument_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NotionalAmountOfHedgingInstrument_lbl" xml:lang="en-US">Notional Amount of hedging instrument.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NotionalAmountOfHedgingInstrument_lbl" xml:lang="en-US">Notional Amount Of Hedging Instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NotionalAmountOfHedgingInstrument_lbl" xml:lang="en-US">Notional amount contracts interest rate Swaps (IRS) COP</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness" xlink:to="ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness_lbl" xml:lang="en-US">Gain (loss) on change in fair value of hedging instrument used as basis for recognising hedge ineffectiveness</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainLossOnChangeInFairValueOfHedgingInstrumentUsedAsBasisForRecognisingHedgeIneffectiveness_lbl" xml:lang="en-US">Change in fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_InterestExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_InterestExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Interest expense on financial liabilities designated at fair value through profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InterestExpenseOnFinancialLiabilitiesDesignatedAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Interest of the derivative designated as the hedging instrument</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:label="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss" xlink:to="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Interest income on financial assets designated at fair value through profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InterestIncomeOnFinancialAssetsDesignatedAtFairValueThroughProfitOrLoss_lbl" xml:lang="en-US">Interest income of the derivative designated as the hedging instrument</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MultiFinancialHoldingAndOtherSubsidiariesAndBranchesMember" xlink:label="aval_MultiFinancialHoldingAndOtherSubsidiariesAndBranchesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MultiFinancialHoldingAndOtherSubsidiariesAndBranchesMember" xlink:to="aval_MultiFinancialHoldingAndOtherSubsidiariesAndBranchesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MultiFinancialHoldingAndOtherSubsidiariesAndBranchesMember_lbl" xml:lang="en-US">Multi financial holding and other subsidiaries and branches [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MultiFinancialHoldingAndOtherSubsidiariesAndBranchesMember_lbl" xml:lang="en-US">Multi financial holding and other subsidiaries and branches [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BondsIssuedDesignatedAsHedgingInstruments" xlink:label="aval_BondsIssuedDesignatedAsHedgingInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BondsIssuedDesignatedAsHedgingInstruments" xlink:to="aval_BondsIssuedDesignatedAsHedgingInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BondsIssuedDesignatedAsHedgingInstruments_lbl" xml:lang="en-US">The amount of bonds issued by the entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BondsIssuedDesignatedAsHedgingInstruments_lbl" xml:lang="en-US">Bonds Issued Designated As Hedging Instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_BondsIssuedDesignatedAsHedgingInstruments_lbl" xml:lang="en-US">Bonds issued designated as hedging instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment" xlink:label="aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment" xlink:to="aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment_lbl" xml:lang="en-US">Other financial liabilities, hedge net foreign investment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment_lbl" xml:lang="en-US">Other financial liabilities, hedge net foreign investment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherFinancialLiabilitiesHedgeNetForeignInvestment_lbl" xml:lang="en-US">Other financial liabilities, hedge net foreign investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax" xlink:to="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReclassificationAdjustmentsOnCashFlowHedgesNetOfTax_lbl" xml:lang="en-US">Reclassification adjustments on cash flow hedges, net of tax</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfHedgingEffectiveness" xlink:label="aval_PercentageOfHedgingEffectiveness" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfHedgingEffectiveness" xlink:to="aval_PercentageOfHedgingEffectiveness_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfHedgingEffectiveness_lbl" xml:lang="en-US">Percentage of hedging effectiveness</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfHedgingEffectiveness_lbl" xml:lang="en-US">Percentage of hedging effectiveness</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfHedgingEffectiveness_lbl" xml:lang="en-US">Percentage of hedging effectiveness</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GeneralPurposeLoansMember" xlink:label="aval_GeneralPurposeLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GeneralPurposeLoansMember" xlink:to="aval_GeneralPurposeLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GeneralPurposeLoansMember_lbl" xml:lang="en-US">General purpose loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GeneralPurposeLoansMember_lbl" xml:lang="en-US">General purpose loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PayrollLoansMember" xlink:label="aval_PayrollLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PayrollLoansMember" xlink:to="aval_PayrollLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PayrollLoansMember_lbl" xml:lang="en-US">Payroll loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PayrollLoansMember_lbl" xml:lang="en-US">Payroll loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WorkingCapitalLoansMember" xlink:label="aval_WorkingCapitalLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WorkingCapitalLoansMember" xlink:to="aval_WorkingCapitalLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WorkingCapitalLoansMember_lbl" xml:lang="en-US">Working capital loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_WorkingCapitalLoansMember_lbl" xml:lang="en-US">Working capital loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MortgageLoansMember" xlink:label="aval_MortgageLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MortgageLoansMember" xlink:to="aval_MortgageLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MortgageLoansMember_lbl" xml:lang="en-US">Mortgage loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MortgageLoansMember_lbl" xml:lang="en-US">Mortgage loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MortgageLoansMember_lbl" xml:lang="en-US">Mortgages</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PersonalLoansMember" xlink:label="aval_PersonalLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PersonalLoansMember" xlink:to="aval_PersonalLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PersonalLoansMember_lbl" xml:lang="en-US">Personal loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PersonalLoansMember_lbl" xml:lang="en-US">Personal loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CreditCardsMember" xlink:label="aval_CreditCardsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CreditCardsMember" xlink:to="aval_CreditCardsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CreditCardsMember_lbl" xml:lang="en-US">Credit cards [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CreditCardsMember_lbl" xml:lang="en-US">Credit Cards</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AutomobileAndVehicleLoansMember" xlink:label="aval_AutomobileAndVehicleLoansMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AutomobileAndVehicleLoansMember" xlink:to="aval_AutomobileAndVehicleLoansMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AutomobileAndVehicleLoansMember_lbl" xml:lang="en-US">Automobile and vehicle loans [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AutomobileAndVehicleLoansMember_lbl" xml:lang="en-US">Automobile and vehicle loans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoansFundedByDevelopmentBanksMember" xlink:label="aval_LoansFundedByDevelopmentBanksMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoansFundedByDevelopmentBanksMember" xlink:to="aval_LoansFundedByDevelopmentBanksMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoansFundedByDevelopmentBanksMember_lbl" xml:lang="en-US">Loans funded by development banks [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoansFundedByDevelopmentBanksMember_lbl" xml:lang="en-US">Loans funded by development banks</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OverdraftsMember" xlink:label="aval_OverdraftsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OverdraftsMember" xlink:to="aval_OverdraftsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OverdraftsMember_lbl" xml:lang="en-US">Overdrafts [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OverdraftsMember_lbl" xml:lang="en-US">Overdrafts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseReceivablesMember" xlink:label="ifrs-full_LeaseReceivablesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseReceivablesMember" xlink:to="ifrs-full_LeaseReceivablesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseReceivablesMember_lbl" xml:lang="en-US">Lease receivables [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LeaseReceivablesMember_lbl" xml:lang="en-US">Leases</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Later than one year and not later than three years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">From 1 to 3 years</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than three years and not later than five years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">From 3 to 5 years</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFiveYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFiveYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than five years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_LaterThanFiveYearsMember_lbl" xml:lang="en-US">More than 5 years</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived" xlink:label="ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived" xlink:to="ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived_lbl" xml:lang="en-US">Undiscounted finance lease payments to be received</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_UndiscountedFinanceLeasePaymentsToBeReceived_lbl" xml:lang="en-US">Total gross rent payments receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FutureFinanceChargeOnFinanceLeaseIFRS16" xlink:label="aval_FutureFinanceChargeOnFinanceLeaseIFRS16" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FutureFinanceChargeOnFinanceLeaseIFRS16" xlink:to="aval_FutureFinanceChargeOnFinanceLeaseIFRS16_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FutureFinanceChargeOnFinanceLeaseIFRS16_lbl" xml:lang="en-US">The amount representing the difference between the future minimum finance lease payments and their present value. Minimum lease payments are payments over the lease term that the lessee is or can be required to make, excluding contingent rent, costs for services and taxes to be paid by, and reimbursed to, the lessor, together with: (a) for a lessee, any amounts guaranteed by the lessee or by a party related to the lessee; or (b) for a lessor, any residual value guaranteed to the lessor by: (i) the lessee; (ii) a party related to the lessee; or (iii) a third party unrelated to the lessor that is financially capable of discharging the obligations under the guarantee as per IFRS 16.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FutureFinanceChargeOnFinanceLeaseIFRS16_lbl" xml:lang="en-US">Future Finance Charge On Finance Lease I F R S 16</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_FutureFinanceChargeOnFinanceLeaseIFRS16_lbl" xml:lang="en-US">Less amounts representing running costs (such as taxes, maintenance, insurances ,etc.,)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease" xlink:label="ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease" xlink:to="ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_lbl" xml:lang="en-US">Discounted unguaranteed residual value of assets subject to finance lease</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DiscountedUnguaranteedResidualValueOfAssetsSubjectToFinanceLease_lbl" xml:lang="en-US">Plus, estimated residual amount of assets given for rental (without guarantee)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrossInvestmentInFinanceLease" xlink:label="aval_GrossInvestmentInFinanceLease" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrossInvestmentInFinanceLease" xlink:to="aval_GrossInvestmentInFinanceLease_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrossInvestmentInFinanceLease_lbl" xml:lang="en-US">Gross investment in finance lease</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrossInvestmentInFinanceLease_lbl" xml:lang="en-US">Gross investment in finance lease</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrossInvestmentInFinanceLease_lbl" xml:lang="en-US">Gross investment in contracts of financial leasing</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_GrossInvestmentInFinanceLease_lbl" xml:lang="en-US">Gross investment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:label="ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable" xlink:to="ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_lbl" xml:lang="en-US">Unearned finance income relating to finance lease payments receivable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_UnearnedFinanceIncomeRelatingToFinanceLeasePaymentsReceivable_lbl" xml:lang="en-US">Less unrealized financial income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetInvestmentInFinanceLease" xlink:label="ifrs-full_NetInvestmentInFinanceLease" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetInvestmentInFinanceLease" xlink:to="ifrs-full_NetInvestmentInFinanceLease_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetInvestmentInFinanceLease_lbl" xml:lang="en-US">Net investment in finance lease</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NetInvestmentInFinanceLease_lbl" xml:lang="en-US">Net investment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NetInvestmentInFinanceLease_lbl" xml:lang="en-US">Net investment in contracts of financial leasing</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInNetInvestmentInFinanceLease" xlink:label="ifrs-full_IncreaseDecreaseInNetInvestmentInFinanceLease" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInNetInvestmentInFinanceLease" xlink:to="ifrs-full_IncreaseDecreaseInNetInvestmentInFinanceLease_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInNetInvestmentInFinanceLease_lbl" xml:lang="en-US">Increase (decrease) in net investment in finance lease</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInNetInvestmentInFinanceLease_lbl" xml:lang="en-US">Loss allowance of net investment in financial leasing</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_VehiclesAndComputerEquipmentMember" xlink:label="aval_VehiclesAndComputerEquipmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_VehiclesAndComputerEquipmentMember" xlink:to="aval_VehiclesAndComputerEquipmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_VehiclesAndComputerEquipmentMember_lbl" xml:lang="en-US">Vehicles and computer equipment [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_VehiclesAndComputerEquipmentMember_lbl" xml:lang="en-US">Vehicles and computer equipment [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_VehiclesAndComputerEquipmentMember_lbl" xml:lang="en-US">Vehicles and computer equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MachineryAndEquipmentsMember" xlink:label="aval_MachineryAndEquipmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MachineryAndEquipmentsMember" xlink:to="aval_MachineryAndEquipmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MachineryAndEquipmentsMember_lbl" xml:lang="en-US">Machinery and equipments [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MachineryAndEquipmentsMember_lbl" xml:lang="en-US">Machinery and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_HousingLeasingMember" xlink:label="aval_HousingLeasingMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_HousingLeasingMember" xlink:to="aval_HousingLeasingMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_HousingLeasingMember_lbl" xml:lang="en-US">Housing leasing [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_HousingLeasingMember_lbl" xml:lang="en-US">Housing leasing</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsMaturity" xlink:label="ifrs-full_BorrowingsMaturity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsMaturity" xlink:to="ifrs-full_BorrowingsMaturity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US">Borrowings, maturity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingsMaturity_lbl" xml:lang="en-US">Maturity Date</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember" xlink:to="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost, contract assets, service concession arrangements [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost, contract assets, service concession arrangements [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsServiceConcessionArrangementsMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost, contract assets, service concession arrangements</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember" xlink:to="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost, contract assets, other accounts receivable [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost, contract assets, other accounts receivable [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAccountsReceivableAtFairValueThroughProfitOrLossMandatorilyMeasuredAtFairValueAndAtAmortizedCostContractAssetsOtherAccountsReceivableMember_lbl" xml:lang="en-US">Other accounts receivable at fair value through profit or loss, mandatorily measured at fair value, and at amortized cost, contract assets, other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets" xlink:to="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers from other accounts receivable for concession contracts and intangible assets, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers from other accounts receivable for concession contracts and intangible assets, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsFinancialAssets_lbl" xml:lang="en-US">Transfers from other accounts receivable for concession contracts and intangible assets, reclassification from financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountReceivablesDebtors" xlink:label="aval_OtherAccountReceivablesDebtors" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountReceivablesDebtors" xlink:to="aval_OtherAccountReceivablesDebtors_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountReceivablesDebtors_lbl" xml:lang="en-US">Other account receivables, debtors</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountReceivablesDebtors_lbl" xml:lang="en-US">Other account receivables, debtors</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAccountReceivablesDebtors_lbl" xml:lang="en-US">Debtors</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccountsReceivablesInNonfinancialSector" xlink:label="aval_AccountsReceivablesInNonfinancialSector" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccountsReceivablesInNonfinancialSector" xlink:to="aval_AccountsReceivablesInNonfinancialSector_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccountsReceivablesInNonfinancialSector_lbl" xml:lang="en-US">The amount of accounts receivables for goods and services sales in non-financial sector companies.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccountsReceivablesInNonfinancialSector_lbl" xml:lang="en-US">Accounts receivables in nonfinancial sector</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_AccountsReceivablesInNonfinancialSector_lbl" xml:lang="en-US">Accounts receivable for goods and services sales in Non-financial sector companies</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CompensationReceivable" xlink:label="aval_CompensationReceivable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CompensationReceivable" xlink:to="aval_CompensationReceivable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CompensationReceivable_lbl" xml:lang="en-US">The amount of credit card and network compensation receivable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CompensationReceivable_lbl" xml:lang="en-US">Compensation Receivable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CompensationReceivable_lbl" xml:lang="en-US">Credit card compensations and network compensation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GovernmentReceivable" xlink:label="aval_GovernmentReceivable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GovernmentReceivable" xlink:to="aval_GovernmentReceivable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GovernmentReceivable_lbl" xml:lang="en-US">The amount of receivables that are derived from government contracts.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GovernmentReceivable_lbl" xml:lang="en-US">Government Receivable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GovernmentReceivable_lbl" xml:lang="en-US">Government</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Prepayments" xlink:label="ifrs-full_Prepayments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Prepayments" xlink:to="ifrs-full_Prepayments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Prepayments_lbl" xml:lang="en-US">Prepayments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Prepayments_lbl" xml:lang="en-US">Payment in advance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConditionalContributions" xlink:label="aval_ConditionalContributions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConditionalContributions" xlink:to="aval_ConditionalContributions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConditionalContributions_lbl" xml:lang="en-US">The amount as of the balance date of conditional contributions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConditionalContributions_lbl" xml:lang="en-US">Conditional Contributions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConditionalContributions_lbl" xml:lang="en-US">Conditional contributions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SalesTax" xlink:label="aval_SalesTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SalesTax" xlink:to="aval_SalesTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SalesTax_lbl" xml:lang="en-US">The amount of receivables from sales tax.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SalesTax_lbl" xml:lang="en-US">Sales Tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SalesTax_lbl" xml:lang="en-US">Taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Others" xlink:label="aval_Others" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Others" xlink:to="aval_Others_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Others_lbl" xml:lang="en-US">The amount of other receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Others_lbl" xml:lang="en-US">Others</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivablesGross" xlink:label="aval_OtherAccountsReceivablesGross" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivablesGross" xlink:to="aval_OtherAccountsReceivablesGross_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivablesGross_lbl" xml:lang="en-US">The gross amount of other accounts receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivablesGross_lbl" xml:lang="en-US">Other Accounts Receivables Gross</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_OtherAccountsReceivablesGross_lbl" xml:lang="en-US">Gross balance of other accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairmentAllowanceOfOtherAccountsReceivables" xlink:label="aval_ImpairmentAllowanceOfOtherAccountsReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairmentAllowanceOfOtherAccountsReceivables" xlink:to="aval_ImpairmentAllowanceOfOtherAccountsReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpairmentAllowanceOfOtherAccountsReceivables_lbl" xml:lang="en-US">The amount of impairment allowance of other accounts receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairmentAllowanceOfOtherAccountsReceivables_lbl" xml:lang="en-US">Impairment Allowance Of Other Accounts Receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ImpairmentAllowanceOfOtherAccountsReceivables_lbl" xml:lang="en-US">Loss allowance</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAccountsReceivablesNet" xlink:label="aval_OtherAccountsReceivablesNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAccountsReceivablesNet" xlink:to="aval_OtherAccountsReceivablesNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAccountsReceivablesNet_lbl" xml:lang="en-US">The amount of other account receivables net.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAccountsReceivablesNet_lbl" xml:lang="en-US">Other Accounts Receivables Net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_OtherAccountsReceivablesNet_lbl" xml:lang="en-US">Other accounts receivable, net</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNoncurrentAssetsHeldForSaleTable" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNoncurrentAssetsHeldForSaleTable" xlink:to="aval_DisclosureOfNoncurrentAssetsHeldForSaleTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleTable_lbl" xml:lang="en-US">Disclosure of noncurrent assets held-for-sale [table]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleTable_lbl" xml:lang="en-US">Disclosure of noncurrent assets held-for-sale [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNoncurrentAssetsHeldForSaleLineItems" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNoncurrentAssetsHeldForSaleLineItems" xlink:to="aval_DisclosureOfNoncurrentAssetsHeldForSaleLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNoncurrentAssetsHeldForSaleLineItems_lbl" xml:lang="en-US">Disclosure of noncurrent assets held-for-sale [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseThroughAdditionsAssetsHeldForSale" xlink:label="aval_IncreaseThroughAdditionsAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseThroughAdditionsAssetsHeldForSale" xlink:to="aval_IncreaseThroughAdditionsAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseThroughAdditionsAssetsHeldForSale_lbl" xml:lang="en-US">Increase through additions, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseThroughAdditionsAssetsHeldForSale_lbl" xml:lang="en-US">Increase through additions, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseThroughAdditionsAssetsHeldForSale_lbl" xml:lang="en-US">Additions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughAssetSoldAssetsHeldForSale" xlink:label="aval_DecreaseThroughAssetSoldAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughAssetSoldAssetsHeldForSale" xlink:to="aval_DecreaseThroughAssetSoldAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughAssetSoldAssetsHeldForSale_lbl" xml:lang="en-US">Decrease through asset sold, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughAssetSoldAssetsHeldForSale_lbl" xml:lang="en-US">Decrease through asset sold, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DecreaseThroughAssetSoldAssetsHeldForSale_lbl" xml:lang="en-US">Assets sold, net</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale" xlink:label="aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale" xlink:to="aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale_lbl" xml:lang="en-US">The amount of increase decrease in fair value of assets held for sale.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale_lbl" xml:lang="en-US">Increase decrease in fair value of assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncreaseDecreaseInFairValueOfAssetsHeldForSale_lbl" xml:lang="en-US">Increase / decrease by changes in fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale" xlink:label="aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale" xlink:to="aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale_lbl" xml:lang="en-US">Increase (decrease) through reclassifications, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale_lbl" xml:lang="en-US">Increase (decrease) through reclassifications, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughReclassificationsAssetsHeldForSale_lbl" xml:lang="en-US">Reclassifications</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale" xlink:label="aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale" xlink:to="aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale_lbl" xml:lang="en-US">Increase (decrease) through foreign exchange, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale_lbl" xml:lang="en-US">Increase (decrease) through foreign exchange, assets held-for-sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughForeignExchangeAssetsHeldForSale_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale" xlink:to="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" xml:lang="en-US">Increase (decrease) of non-current assets held for sale, assets of disposal group classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" xml:lang="en-US">Increase (decrease) of non current assets held for sale, assets of disposal group classified as held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleAssetsOfDisposalGroupClassifiedAsHeldForSale_lbl" xml:lang="en-US">Assets of disposal group classified as held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations" xlink:to="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations_lbl" xml:lang="en-US">Increase (decrease) of non-current assets held for sale, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations_lbl" xml:lang="en-US">Increase (decrease) of non current assets held for sale, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseOfNonCurrentAssetsHeldForSaleDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesClassifiedAsHeldForSaleAxis_lbl" xml:lang="en-US">Assets and liabilities classified as held for sale [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:label="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember" xlink:to="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesNotClassifiedAsHeldForSaleMember_lbl" xml:lang="en-US">Assets and liabilities not classified as held for sale [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:label="ifrs-full_NoncurrentAssetsHeldForSaleMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentAssetsHeldForSaleMember" xlink:to="ifrs-full_NoncurrentAssetsHeldForSaleMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentAssetsHeldForSaleMember_lbl" xml:lang="en-US">Non-current assets held for sale [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAssetsMember" xlink:label="ifrs-full_OtherAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAssetsMember" xlink:to="ifrs-full_OtherAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAssetsMember_lbl" xml:lang="en-US">Other assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OwnUsePropertiesMember" xlink:label="aval_OwnUsePropertiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OwnUsePropertiesMember" xlink:to="aval_OwnUsePropertiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OwnUsePropertiesMember_lbl" xml:lang="en-US">Own use properties [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OwnUsePropertiesMember_lbl" xml:lang="en-US">Own use properties [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeclosedAssetsMember" xlink:label="aval_ForeclosedAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeclosedAssetsMember" xlink:to="aval_ForeclosedAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForeclosedAssetsMember_lbl" xml:lang="en-US">Foreclosed assets [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeclosedAssetsMember_lbl" xml:lang="en-US">Foreclosed assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AssetsReceivedFromLeasingAgreementsMember" xlink:label="aval_AssetsReceivedFromLeasingAgreementsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AssetsReceivedFromLeasingAgreementsMember" xlink:to="aval_AssetsReceivedFromLeasingAgreementsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AssetsReceivedFromLeasingAgreementsMember_lbl" xml:lang="en-US">Assets received from leasing agreements [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AssetsReceivedFromLeasingAgreementsMember_lbl" xml:lang="en-US">Assets received from leasing agreements [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsHeldForSaleOtherMember" xlink:label="aval_NonCurrentAssetsHeldForSaleOtherMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCurrentAssetsHeldForSaleOtherMember" xlink:to="aval_NonCurrentAssetsHeldForSaleOtherMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsHeldForSaleOtherMember_lbl" xml:lang="en-US">Non-current assets held for sale, other [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsHeldForSaleOtherMember_lbl" xml:lang="en-US">Non-current assets held for sale, other [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherMovablePropertyMember" xlink:label="aval_OtherMovablePropertyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherMovablePropertyMember" xlink:to="aval_OtherMovablePropertyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherMovablePropertyMember_lbl" xml:lang="en-US">Other movable property [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherMovablePropertyMember_lbl" xml:lang="en-US">Other movable property [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsResidentialRealEstateMember" xlink:label="aval_IfrsResidentialRealEstateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsResidentialRealEstateMember" xlink:to="aval_IfrsResidentialRealEstateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsResidentialRealEstateMember_lbl" xml:lang="en-US">Property that is used as a home.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsResidentialRealEstateMember_lbl" xml:lang="en-US">IFRS Residential Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherRealEstateMember" xlink:label="aval_OtherRealEstateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherRealEstateMember" xlink:to="aval_OtherRealEstateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherRealEstateMember_lbl" xml:lang="en-US">Other real estate [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherRealEstateMember_lbl" xml:lang="en-US">Other real estate [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LandMember" xlink:label="ifrs-full_LandMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LandMember" xlink:to="ifrs-full_LandMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LandMember_lbl" xml:lang="en-US">Land [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsRealEstateMember" xlink:label="aval_IfrsRealEstateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsRealEstateMember" xlink:to="aval_IfrsRealEstateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsRealEstateMember_lbl" xml:lang="en-US">Property consisting of land, land improvement and buildings.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsRealEstateMember_lbl" xml:lang="en-US">IFRS Real Estate [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:label="ifrs-full_OtherPropertyPlantAndEquipmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherPropertyPlantAndEquipmentMember" xlink:to="ifrs-full_OtherPropertyPlantAndEquipmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Other property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable" xlink:to="aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable_lbl" xml:lang="en-US">Associated liabilities to assets held for sale, other accounts payable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable_lbl" xml:lang="en-US">Associated liabilities to assets held for sale, other accounts payable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSaleOtherAccountsPayable_lbl" xml:lang="en-US">Other accounts payable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AssociatedLiabilitiesToAssetsHeldForSale" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AssociatedLiabilitiesToAssetsHeldForSale" xlink:to="aval_AssociatedLiabilitiesToAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSale_lbl" xml:lang="en-US">Associated liabilities to assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSale_lbl" xml:lang="en-US">Associated liabilities to assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_AssociatedLiabilitiesToAssetsHeldForSale_lbl" xml:lang="en-US">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DiscontinuedOperationNumberOfSharesDisposed" xlink:label="aval_DiscontinuedOperationNumberOfSharesDisposed" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DiscontinuedOperationNumberOfSharesDisposed" xlink:to="aval_DiscontinuedOperationNumberOfSharesDisposed_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DiscontinuedOperationNumberOfSharesDisposed_lbl" xml:lang="en-US">Discontinued operation, number of Shares disposed</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DiscontinuedOperationNumberOfSharesDisposed_lbl" xml:lang="en-US">Discontinued operation, number of shares disposed</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DiscontinuedOperationNumberOfSharesDisposed_lbl" xml:lang="en-US">Number of shares disposed (in shares)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsSharePrice" xlink:label="aval_IfrsSharePrice" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsSharePrice" xlink:to="aval_IfrsSharePrice_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsSharePrice_lbl" xml:lang="en-US">Ifrs Share Price</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsSharePrice_lbl" xml:lang="en-US">Ifrs Share Price</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IfrsSharePrice_lbl" xml:lang="en-US">Share price (in dollar per share)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount" xlink:to="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount_lbl" xml:lang="en-US">Non-current assets held for sale, assets and liabilities, net, carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount_lbl" xml:lang="en-US">Non-current assets held for sale, assets and liabilities, net, carrying amount</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNetCarryingAmount_lbl" xml:lang="en-US">Net carrying amount of assets recognized as noncurrent assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet" xlink:to="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">Non-current assets held for sale, assets and liabilities, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">Non-current assets held for sale, assets and liabilities, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">Fair value less costs to sell of assets recognized as noncurrent assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_NonCurrentAssetsHeldForSaleAssetsAndLiabilitiesNet_lbl" xml:lang="en-US">Net of assets and liabilities as non-current held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Impairment loss recognised in profit or loss, goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Impairment charge</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Impairment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossGoodwill_lbl" xml:lang="en-US">Goodwill</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Impairment loss recognised in profit or loss, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Impairment charge</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Impairment loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Intangibles</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale" xlink:to="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets of disposal group held for sale, non-current assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets of disposal group held for sale, non-current assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroupHeldForSaleNonCurrentAssetsHeldForSale_lbl" xml:lang="en-US">Non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisposalGroupEffectOfIntraGroupTransaction" xlink:label="aval_DisposalGroupEffectOfIntraGroupTransaction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisposalGroupEffectOfIntraGroupTransaction" xlink:to="aval_DisposalGroupEffectOfIntraGroupTransaction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisposalGroupEffectOfIntraGroupTransaction_lbl" xml:lang="en-US">Disposal group, effect of intra group transaction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisposalGroupEffectOfIntraGroupTransaction_lbl" xml:lang="en-US">Disposal group, effect of intra group transaction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DisposalGroupEffectOfIntraGroupTransaction_lbl" xml:lang="en-US">Effects arising from intra-group transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions" xlink:label="aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions" xlink:to="aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions_lbl" xml:lang="en-US">Liabilities of disposal groups classified as held for sale, effects of intragroup transactions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions_lbl" xml:lang="en-US">Liabilities of disposal groups classified as held for sale, effects of intragroup transactions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LiabilitiesOfDisposalGroupsClassifiedAsHeldForSaleEffectsOfIntragroupTransactions_lbl" xml:lang="en-US">Effects arising from intra-group transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestIncomeOnOtherAccountReceivables" xlink:label="aval_InterestIncomeOnOtherAccountReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestIncomeOnOtherAccountReceivables" xlink:to="aval_InterestIncomeOnOtherAccountReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestIncomeOnOtherAccountReceivables_lbl" xml:lang="en-US">Interest income on other account receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestIncomeOnOtherAccountReceivables_lbl" xml:lang="en-US">Interest income on other account receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestIncomeOnOtherAccountReceivables_lbl" xml:lang="en-US">Other account receivables</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations" xlink:to="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations_lbl" xml:lang="en-US">Tax expense (income) relating to profit (loss) from ordinary activities of discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations_lbl" xml:lang="en-US">Income tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TaxExpenseRelatingToProfitLossFromOrdinaryActivitiesOfDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeAbstract" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeAbstract" xlink:to="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Other comprehensive income [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeAbstract_lbl" xml:lang="en-US">Other comprehensive income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeAttributableToAbstract" xlink:to="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xml:lang="en-US">Comprehensive income attributable to [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeAttributableToAbstract_lbl" xml:lang="en-US">Total comprehensive income for the year attributable to:</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComprehensiveIncomeFromDiscontinuedOperations" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperations" xlink:to="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperations_lbl" xml:lang="en-US">Comprehensive income from discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ComprehensiveIncomeFromDiscontinuedOperations_lbl" xml:lang="en-US">Non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_StatementOfCashFlowsDiscontinuedOperationAbstract" xlink:label="aval_StatementOfCashFlowsDiscontinuedOperationAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_StatementOfCashFlowsDiscontinuedOperationAbstract" xlink:to="aval_StatementOfCashFlowsDiscontinuedOperationAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_StatementOfCashFlowsDiscontinuedOperationAbstract_lbl" xml:lang="en-US">Statement of cash flows, discontinued operation [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_StatementOfCashFlowsDiscontinuedOperationAbstract_lbl" xml:lang="en-US">Consolidated Statement of Cash Flows for the discontinued operation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod" xlink:to="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Investments in associates accounted for using equity method</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Year-end balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Book value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentsInAssociatesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Associates</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Investments in joint ventures accounted for using equity method</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Year-end balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Book value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InvestmentsInJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesTable_lbl" xml:lang="en-US">Disclosure of associates [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesAxis" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesAxis_lbl" xml:lang="en-US">Associates [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SignificantInvestmentsInAssociatesDomain" xlink:to="ifrs-full_SignificantInvestmentsInAssociatesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SignificantInvestmentsInAssociatesDomain_lbl" xml:lang="en-US">Associates [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssociatesMember" xlink:label="ifrs-full_AssociatesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssociatesMember" xlink:to="ifrs-full_AssociatesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US">Total for all associates [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssociatesMember_lbl" xml:lang="en-US">Associates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasNaturalDeLimaYCallaoSaCaliddaMember" xlink:label="aval_GasNaturalDeLimaYCallaoSaCaliddaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasNaturalDeLimaYCallaoSaCaliddaMember" xlink:to="aval_GasNaturalDeLimaYCallaoSaCaliddaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasNaturalDeLimaYCallaoSaCaliddaMember_lbl" xml:lang="en-US">Gas Natural de Lima y Callao S.A. - Calidda [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasNaturalDeLimaYCallaoSaCaliddaMember_lbl" xml:lang="en-US">Gas Natural de Lima y Callao SA - Calidda [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GasNaturalDeLimaYCallaoSaCaliddaMember_lbl" xml:lang="en-US">Gas Natural de Lima y Callao S.A. - Calidda</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasesDelCaribeSaEspMember" xlink:label="aval_GasesDelCaribeSaEspMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasesDelCaribeSaEspMember" xlink:to="aval_GasesDelCaribeSaEspMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasesDelCaribeSaEspMember_lbl" xml:lang="en-US">Gases del Caribe S.A. E.S.P. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasesDelCaribeSaEspMember_lbl" xml:lang="en-US">Gases del Caribe SA ESP [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GasesDelCaribeSaEspMember_lbl" xml:lang="en-US">Gases del Caribe S.A. E.S.P.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CredibancoSaMember" xlink:label="aval_CredibancoSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CredibancoSaMember" xlink:to="aval_CredibancoSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CredibancoSaMember_lbl" xml:lang="en-US">Credibanco S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CredibancoSaMember_lbl" xml:lang="en-US">Credibanco SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CredibancoSaMember_lbl" xml:lang="en-US">Credibanco S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RedebanMulticolorSaMember" xlink:label="aval_RedebanMulticolorSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RedebanMulticolorSaMember" xlink:to="aval_RedebanMulticolorSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RedebanMulticolorSaMember_lbl" xml:lang="en-US">Represents information pertaining to Redeban Multicolor S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RedebanMulticolorSaMember_lbl" xml:lang="en-US">Redeban Multicolor S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RedebanMulticolorSaMember_lbl" xml:lang="en-US">Redeban Multicolor S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AchColombiaSaMember" xlink:label="aval_AchColombiaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AchColombiaSaMember" xlink:to="aval_AchColombiaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AchColombiaSaMember_lbl" xml:lang="en-US">A.C.H Colombia S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AchColombiaSaMember_lbl" xml:lang="en-US">ACH Colombia SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AchColombiaSaMember_lbl" xml:lang="en-US">A.C.H Colombia S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AerocaliSaMember" xlink:label="aval_AerocaliSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AerocaliSaMember" xlink:to="aval_AerocaliSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AerocaliSaMember_lbl" xml:lang="en-US">Aerocali S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AerocaliSaMember_lbl" xml:lang="en-US">Aerocali SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AerocaliSaMember_lbl" xml:lang="en-US">Aerocali S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdlDigitalLabSasMember" xlink:label="aval_AdlDigitalLabSasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdlDigitalLabSasMember" xlink:to="aval_AdlDigitalLabSasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdlDigitalLabSasMember_lbl" xml:lang="en-US">Represents information pertaining to ADL Digital Lab SAS.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdlDigitalLabSasMember_lbl" xml:lang="en-US">ADL Digital Lab SAS [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdlDigitalLabSasMember_lbl" xml:lang="en-US">ADL Digital Lab S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ColombianaDeExtrusionSaExtrucolMember" xlink:label="aval_ColombianaDeExtrusionSaExtrucolMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ColombianaDeExtrusionSaExtrucolMember" xlink:to="aval_ColombianaDeExtrusionSaExtrucolMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ColombianaDeExtrusionSaExtrucolMember_lbl" xml:lang="en-US">Colombiana de Extrusion S.A. - Extrucol [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ColombianaDeExtrusionSaExtrucolMember_lbl" xml:lang="en-US">Colombiana de Extrusion SA - Extrucol [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ColombianaDeExtrusionSaExtrucolMember_lbl" xml:lang="en-US">Colombiana de Extrusion S.A. - Extrucol</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MetrexSaMember" xlink:label="aval_MetrexSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MetrexSaMember" xlink:to="aval_MetrexSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MetrexSaMember_lbl" xml:lang="en-US">Represents information pertaining to Metrex S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MetrexSaMember_lbl" xml:lang="en-US">Metrex S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MetrexSaMember_lbl" xml:lang="en-US">Metrex S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EnergiaEficienteSaMember" xlink:label="aval_EnergiaEficienteSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EnergiaEficienteSaMember" xlink:to="aval_EnergiaEficienteSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EnergiaEficienteSaMember_lbl" xml:lang="en-US">Energia Eficiente S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EnergiaEficienteSaMember_lbl" xml:lang="en-US">Energia Eficiente SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EnergiaEficienteSaMember_lbl" xml:lang="en-US">Energia Eficiente S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ServiciosDeIdentidadDigitalS.a.sMember" xlink:label="aval_ServiciosDeIdentidadDigitalS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ServiciosDeIdentidadDigitalS.a.sMember" xlink:to="aval_ServiciosDeIdentidadDigitalS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ServiciosDeIdentidadDigitalS.a.sMember_lbl" xml:lang="en-US">Represents information pertaining to Servicios de Identidad Digital S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ServiciosDeIdentidadDigitalS.a.sMember_lbl" xml:lang="en-US">Servicios de Identidad Digital S.A.S [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ServiciosDeIdentidadDigitalS.a.sMember_lbl" xml:lang="en-US">Servicios de Identidad Digital S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems" xlink:to="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSignificantInvestmentsInAssociatesLineItems_lbl" xml:lang="en-US">Disclosure of associates [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfJointVenturesTable" xlink:label="ifrs-full_DisclosureOfJointVenturesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfJointVenturesTable" xlink:to="ifrs-full_DisclosureOfJointVenturesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfJointVenturesTable_lbl" xml:lang="en-US">Disclosure of joint ventures [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesAxis" xlink:label="ifrs-full_JointVenturesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesAxis" xlink:to="ifrs-full_JointVenturesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_JointVenturesAxis_lbl" xml:lang="en-US">Joint ventures [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesDomain" xlink:label="ifrs-full_JointVenturesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesDomain" xlink:to="ifrs-full_JointVenturesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_JointVenturesDomain_lbl" xml:lang="en-US">Joint ventures [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RentekS.a.sMember" xlink:label="aval_RentekS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RentekS.a.sMember" xlink:to="aval_RentekS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RentekS.a.sMember_lbl" xml:lang="en-US">Represents information pertaining to Rentek S.A.S</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RentekS.a.sMember_lbl" xml:lang="en-US">Rentek S.A.S [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RentekS.a.sMember_lbl" xml:lang="en-US">Rentek S.A.S</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RentingAutomayorS.a.s.Member" xlink:label="aval_RentingAutomayorS.a.s.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RentingAutomayorS.a.s.Member" xlink:to="aval_RentingAutomayorS.a.s.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RentingAutomayorS.a.s.Member_lbl" xml:lang="en-US">Represents information pertaining to Renting Automayor S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RentingAutomayorS.a.s.Member_lbl" xml:lang="en-US">Renting Automayor S.A.S. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RentingAutomayorS.a.s.Member_lbl" xml:lang="en-US">Renting Automayor S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfJointVenturesLineItems" xlink:label="ifrs-full_DisclosureOfJointVenturesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfJointVenturesLineItems" xlink:to="ifrs-full_DisclosureOfJointVenturesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfJointVenturesLineItems_lbl" xml:lang="en-US">Disclosure of joint ventures [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:label="ifrs-full_ProportionOfOwnershipInterestInJointVenture" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProportionOfOwnershipInterestInJointVenture" xlink:to="ifrs-full_ProportionOfOwnershipInterestInJointVenture_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProportionOfOwnershipInterestInJointVenture_lbl" xml:lang="en-US">Proportion of ownership interest in joint venture</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProportionOfOwnershipInterestInJointVenture_lbl" xml:lang="en-US">Ownership interest</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Acquisitions" xlink:label="aval_Acquisitions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Acquisitions" xlink:to="aval_Acquisitions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Acquisitions_lbl" xml:lang="en-US">The amount spent for acquiring interest in associates.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Acquisitions_lbl" xml:lang="en-US">Acquisitions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EntityLiquidation" xlink:label="aval_EntityLiquidation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EntityLiquidation" xlink:to="aval_EntityLiquidation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EntityLiquidation_lbl" xml:lang="en-US">The amount of decrease in investments due to entity liquidation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EntityLiquidation_lbl" xml:lang="en-US">Entity liquidation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EntityLiquidation_lbl" xml:lang="en-US">Liquidated entity</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainOrLossThroughExchangeDifference" xlink:label="aval_GainOrLossThroughExchangeDifference" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainOrLossThroughExchangeDifference" xlink:to="aval_GainOrLossThroughExchangeDifference_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainOrLossThroughExchangeDifference_lbl" xml:lang="en-US">The amount of gain or loss due to exchange difference.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainOrLossThroughExchangeDifference_lbl" xml:lang="en-US">Gain or Loss through exchange difference</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_GainOrLossThroughExchangeDifference_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointVenturesMember" xlink:label="ifrs-full_JointVenturesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointVenturesMember" xlink:to="ifrs-full_JointVenturesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_JointVenturesMember_lbl" xml:lang="en-US">Total for all joint ventures [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_JointVenturesMember_lbl" xml:lang="en-US">Joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_Revenue" xlink:label="ifrs-full_Revenue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_Revenue" xlink:to="ifrs-full_Revenue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/definitionGuidance" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Total external income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Revenue</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_Revenue_lbl" xml:lang="en-US">Total income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseByNature" xlink:label="ifrs-full_ExpenseByNature" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNature" xlink:to="ifrs-full_ExpenseByNature_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseByNature_lbl" xml:lang="en-US">Expenses, by nature</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_ExpenseByNature_lbl" xml:lang="en-US">Total Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ExpenseByNature_lbl" xml:lang="en-US">Expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RentingAutomayorS.a.Member" xlink:label="aval_RentingAutomayorS.a.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RentingAutomayorS.a.Member" xlink:to="aval_RentingAutomayorS.a.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RentingAutomayorS.a.Member_lbl" xml:lang="en-US">Represents information pertaining to Renting Automayor S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RentingAutomayorS.a.Member_lbl" xml:lang="en-US">Renting Automayor S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RentingAutomayorS.a.Member_lbl" xml:lang="en-US">Renting Automayor S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis" xlink:to="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusAxis_lbl" xml:lang="en-US">Property, plant and equipment by operating lease status [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusDomain" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusDomain" xlink:to="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentByOperatingLeaseStatusDomain_lbl" xml:lang="en-US">Property, plant and equipment by operating lease status [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentNotSubjectToOperatingLeasesMember_lbl" xml:lang="en-US">Property, plant and equipment not subject to operating leases [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:label="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember" xlink:to="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PropertyPlantAndEquipmentSubjectToOperatingLeasesMember_lbl" xml:lang="en-US">Property, plant and equipment subject to operating leases [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RightofuseAssetsMember" xlink:label="ifrs-full_RightofuseAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RightofuseAssetsMember" xlink:to="ifrs-full_RightofuseAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RightofuseAssetsMember_lbl" xml:lang="en-US">Right-of-use assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccumulatedDepreciationAndAmortisationMember" xlink:to="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccumulatedDepreciationAndAmortisationMember_lbl" xml:lang="en-US">Accumulated depreciation and amortisation [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment" xlink:label="aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment" xlink:to="aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment_lbl" xml:lang="en-US">The amount of Increase / (decrease) due to changes in the lease variables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment_lbl" xml:lang="en-US">Increase (Decrease) Due To Changes In The Lease Variables Property Plant And Equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseDueToChangesInLeaseVariablesPropertyPlantAndEquipment_lbl" xml:lang="en-US">Increase / (decrease) due to changes in the lease variables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets" xlink:label="aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets" xlink:to="aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets_lbl" xml:lang="en-US">The amount of additions to tangible assets, other than those acquired through business combinations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets_lbl" xml:lang="en-US">Additions other than through business combinations, tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdditionsOtherThanThroughBusinessCombinationsTangibleAssets_lbl" xml:lang="en-US">Purchases or capitalized expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DepreciationTangibleAssets" xlink:label="aval_DepreciationTangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DepreciationTangibleAssets" xlink:to="aval_DepreciationTangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DepreciationTangibleAssets_lbl" xml:lang="en-US">The amount of depreciation of tangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DepreciationTangibleAssets_lbl" xml:lang="en-US">Depreciation, tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DepreciationTangibleAssets_lbl" xml:lang="en-US">Depreciation of the year charged against profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Impairment loss recognised in profit or loss, property, plant and equipment including right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Year impairment charge</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisposalsAndRetirementsTangibleAssets" xlink:label="aval_DisposalsAndRetirementsTangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisposalsAndRetirementsTangibleAssets" xlink:to="aval_DisposalsAndRetirementsTangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisposalsAndRetirementsTangibleAssets_lbl" xml:lang="en-US">The decrease in tangible assets resulting from disposals and retirements.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisposalsAndRetirementsTangibleAssets_lbl" xml:lang="en-US">Disposals and retirements, tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DisposalsAndRetirementsTangibleAssets_lbl" xml:lang="en-US">Withdrawals / Sales</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainsLossesOnFairValueAdjustmentTangibleAssets" xlink:label="aval_GainsLossesOnFairValueAdjustmentTangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainsLossesOnFairValueAdjustmentTangibleAssets" xlink:to="aval_GainsLossesOnFairValueAdjustmentTangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainsLossesOnFairValueAdjustmentTangibleAssets_lbl" xml:lang="en-US">Represents information pertaining to gains losses on fair value adjustment of tangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainsLossesOnFairValueAdjustmentTangibleAssets_lbl" xml:lang="en-US">Gains (losses) on fair value adjustment, tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnFairValueAdjustmentTangibleAssets_lbl" xml:lang="en-US">Change in fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:label="ifrs-full_RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="ifrs-full_RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Revaluation increase (decrease), property, plant and equipment including right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevaluationIncreaseDecreasePropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Revaluation of investment properties</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers, property, plant and equipment including right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Transfers to/from non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets" xlink:to="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers from other accounts receivable for concession contracts and intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers from other accounts receivable for concession contracts and intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssets_lbl" xml:lang="en-US">Transfers from other accounts receivable for concession contracts and intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:label="ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipmentIncludingRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipmentIncludingRightofuseAssets" xlink:to="ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Decrease through loss of control of subsidiary, property, plant and equipment including right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughLossOfControlOfSubsidiaryPropertyPlantAndEquipmentIncludingRightofuseAssets_lbl" xml:lang="en-US">Loss of control in subsidiary</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseInTangibleAssetsDiscontinuedOperations" xlink:label="aval_DecreaseInTangibleAssetsDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseInTangibleAssetsDiscontinuedOperations" xlink:to="aval_DecreaseInTangibleAssetsDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseInTangibleAssetsDiscontinuedOperations_lbl" xml:lang="en-US">Decrease in tangible assets discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseInTangibleAssetsDiscontinuedOperations_lbl" xml:lang="en-US">Decrease in tangible assets, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseInTangibleAssetsDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl" xml:lang="en-US">Decrease through classified as held for sale, property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSalePropertyPlantAndEquipment_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleRightofuseAssets" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleRightofuseAssets" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleRightofuseAssets_lbl" xml:lang="en-US">Decrease through classified as held for sale, right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleRightofuseAssets_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" xml:lang="en-US">Decrease through classified as held for sale, investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleInvestmentProperty_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets" xlink:label="aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets" xlink:to="aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets_lbl" xml:lang="en-US">The increase (decrease) in tangible assets resulting from net exchange differences arising on the translation of the financial statements from the functional currency into a different presentation currency, including the translation of a foreign operation into the presentation currency of the reporting entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, tangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughNetExchangeDifferencesTangibleAssets_lbl" xml:lang="en-US">Effect of movement in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment" xlink:label="aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment" xlink:to="aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Reclassification adjustment of property plant and equipment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Reclassification adjustment of property plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ReclassificationAdjustmentOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Reclassifications</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BuildingsMember" xlink:label="ifrs-full_BuildingsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BuildingsMember" xlink:to="ifrs-full_BuildingsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BuildingsMember_lbl" xml:lang="en-US">Buildings [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MotorVehiclesMember" xlink:label="ifrs-full_MotorVehiclesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MotorVehiclesMember" xlink:to="ifrs-full_MotorVehiclesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MotorVehiclesMember_lbl" xml:lang="en-US">Motor vehicles [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WarehousesMember" xlink:label="aval_WarehousesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WarehousesMember" xlink:to="aval_WarehousesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WarehousesMember_lbl" xml:lang="en-US">Warehouses [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WarehousesMember_lbl" xml:lang="en-US">Warehouses [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseholdImprovementsMember" xlink:label="ifrs-full_LeaseholdImprovementsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseholdImprovementsMember" xlink:to="ifrs-full_LeaseholdImprovementsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseholdImprovementsMember_lbl" xml:lang="en-US">Leasehold improvements [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ConstructionInProgressMember" xlink:label="ifrs-full_ConstructionInProgressMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ConstructionInProgressMember" xlink:to="ifrs-full_ConstructionInProgressMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ConstructionInProgressMember_lbl" xml:lang="en-US">Construction in progress [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentPropertyCost" xlink:label="aval_InvestmentPropertyCost" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentPropertyCost" xlink:to="aval_InvestmentPropertyCost_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentPropertyCost_lbl" xml:lang="en-US">Investment property, cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentPropertyCost_lbl" xml:lang="en-US">Investment property, cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentPropertyCost_lbl" xml:lang="en-US">Investment properties, cost</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue" xlink:label="aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue" xlink:to="aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue_lbl" xml:lang="en-US">Investment property, accumulated adjustments to fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue_lbl" xml:lang="en-US">Investment property, accumulated adjustments to fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentPropertyAccumulatedAdjustmentsToFairValue_lbl" xml:lang="en-US">Investment properties, accumulated adjustments to fair value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RentalIncomeFromInvestmentProperty" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RentalIncomeFromInvestmentProperty" xlink:to="ifrs-full_RentalIncomeFromInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty_lbl" xml:lang="en-US">Rental income from investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RentalIncomeFromInvestmentProperty_lbl" xml:lang="en-US">Income from rents</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome" xlink:to="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_lbl" xml:lang="en-US">Direct operating expense from investment property generating rental income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyGeneratingRentalIncome_lbl" xml:lang="en-US">Direct operating expenses deriving from property investments which create income from rent</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DirectOperatingExpenseFromInvestmentPropertyNotGeneratingRentalIncome" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyNotGeneratingRentalIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyNotGeneratingRentalIncome" xlink:to="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyNotGeneratingRentalIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyNotGeneratingRentalIncome_lbl" xml:lang="en-US">Direct operating expense from investment property not generating rental income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DirectOperatingExpenseFromInvestmentPropertyNotGeneratingRentalIncome_lbl" xml:lang="en-US">Direct operating expenses deriving from property investments which do not create income from rent</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:label="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense" xlink:to="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_lbl" xml:lang="en-US">Rental income from investment property, net of direct operating expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_RentalIncomeFromInvestmentPropertyNetOfDirectOperatingExpense_lbl" xml:lang="en-US">Net</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse" xlink:to="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse_lbl" xml:lang="en-US">Non-cash items, investing and financing activities, additions of properties by right of use</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse_lbl" xml:lang="en-US">Non-cash Items, Investing And Financing Activities, Additions Of Properties By Right Of Use</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfPropertiesByRightOfUse_lbl" xml:lang="en-US">Additions of properties by right of use</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment" xlink:to="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment_lbl" xml:lang="en-US">Non-cash items, investing and financing activities, additions of goods received in payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment_lbl" xml:lang="en-US">Non-cash Items, Investing And Financing Activities, Additions Of Goods Received In Payment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesAdditionsOfGoodsReceivedInPayment_lbl" xml:lang="en-US">Additions of goods received in payment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions" xlink:to="aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions_lbl" xml:lang="en-US">Non-cash items, investing and financing activities, leaseback transaction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions_lbl" xml:lang="en-US">Non-cash Items, Investing And Financing Activities, Leaseback Transactions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesLeasebackTransactions_lbl" xml:lang="en-US">Leaseback transactions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties" xlink:to="aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties_lbl" xml:lang="en-US">Non-cash items, investing and financing activities, reclassification of financial assets to owner occupied properties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties_lbl" xml:lang="en-US">Non-cash Items, Investing And Financing Activities, Reclassification Of Financial Assets To Owner Occupied Properties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCashItemsInvestingAndFinancingActivitiesReclassificationOfFinancialAssetsToOwnerOccupiedProperties_lbl" xml:lang="en-US">Reclassification of financial assets to owner-occupied properties</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCashItemsInvestmentAndFinancingActivities" xlink:label="aval_NonCashItemsInvestmentAndFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCashItemsInvestmentAndFinancingActivities" xlink:to="aval_NonCashItemsInvestmentAndFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCashItemsInvestmentAndFinancingActivities_lbl" xml:lang="en-US">Non-cash items, investing and financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCashItemsInvestmentAndFinancingActivities_lbl" xml:lang="en-US">Non-cash Items, Investment And Financing Activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_NonCashItemsInvestmentAndFinancingActivities_lbl" xml:lang="en-US">Total non-cash</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CapitalizedExpenses" xlink:label="aval_CapitalizedExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CapitalizedExpenses" xlink:to="aval_CapitalizedExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CapitalizedExpenses_lbl" xml:lang="en-US">Capitalized expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CapitalizedExpenses_lbl" xml:lang="en-US">Capitalized expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CapitalizedExpenses_lbl" xml:lang="en-US">Capitalized expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtors" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtors" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtors" xlink:to="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtors_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtors_lbl" xml:lang="en-US">Assets received in total or partial settlement of the payment obligations of debtors.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtors_lbl" xml:lang="en-US">Assets received in total or partial settlement of payment obligations of debtors</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements" xlink:to="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements_lbl" xml:lang="en-US">Assets received in total or partial settlement of the payment obligations of debtors in other movements.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements_lbl" xml:lang="en-US">Assets Received In Total Or Partial Settlement Of Payment Obligations Of Debtors in Other Movements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AssetsReceivedInTotalOrPartialSettlementOfPaymentObligationsOfDebtorsInOtherMovements_lbl" xml:lang="en-US">Assets received in total or partial settlement of payment obligations of debtors in other movements</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingCostsCapitalised" xlink:label="ifrs-full_BorrowingCostsCapitalised" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingCostsCapitalised" xlink:to="ifrs-full_BorrowingCostsCapitalised_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingCostsCapitalised_lbl" xml:lang="en-US">Borrowing costs capitalised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingCostsCapitalised_lbl" xml:lang="en-US">Borrowing costs capitalized</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingCostsCapitalised_lbl" xml:lang="en-US">Borrowing costs capitalised</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecommissioningCost" xlink:label="aval_DecommissioningCost" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecommissioningCost" xlink:to="aval_DecommissioningCost_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecommissioningCost_lbl" xml:lang="en-US">Decommissioning cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecommissioningCost_lbl" xml:lang="en-US">Decommissioning cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecommissioningCost_lbl" xml:lang="en-US">Decommissioning cost</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DividendReceivedInKind" xlink:label="aval_DividendReceivedInKind" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DividendReceivedInKind" xlink:to="aval_DividendReceivedInKind_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DividendReceivedInKind_lbl" xml:lang="en-US">Dividend received in kind</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DividendReceivedInKind_lbl" xml:lang="en-US">Dividend Received In Kind</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DividendReceivedInKind_lbl" xml:lang="en-US">Dividend received in kind</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdditionsThroughDiscontinuedOperationTangibleAssets" xlink:label="aval_AdditionsThroughDiscontinuedOperationTangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdditionsThroughDiscontinuedOperationTangibleAssets" xlink:to="aval_AdditionsThroughDiscontinuedOperationTangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdditionsThroughDiscontinuedOperationTangibleAssets_lbl" xml:lang="en-US">Additions through discontinued operation tangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdditionsThroughDiscontinuedOperationTangibleAssets_lbl" xml:lang="en-US">Additions Through Discontinued Operation, Tangible Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdditionsThroughDiscontinuedOperationTangibleAssets_lbl" xml:lang="en-US">Discontinued operation, Tangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:label="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation" xlink:to="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_lbl" xml:lang="en-US">Capitalisation rate of borrowing costs eligible for capitalisation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CapitalisationRateOfBorrowingCostsEligibleForCapitalisation_lbl" xml:lang="en-US">Capitalized interest rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsPropertyPlantAndEquipment" xlink:to="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsPropertyPlantAndEquipment_lbl" xml:lang="en-US">Disposals, property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalsInvestmentProperty" xlink:label="ifrs-full_DisposalsInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsInvestmentProperty" xlink:to="ifrs-full_DisposalsInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalsInvestmentProperty_lbl" xml:lang="en-US">Disposals, investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsInvestmentProperty_lbl" xml:lang="en-US">Disposals, investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions" xlink:to="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions_lbl" xml:lang="en-US">Increase (decrease) through transfers from other accounts receivable for concession contracts and intangible assets, intangible assets, concessions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions_lbl" xml:lang="en-US">Increase (decrease) through transfers from other accounts receivable for concession contracts and intangible assets, intangible assets, concessions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransfersFromOtherAccountsReceivableForConcessionContractsAndIntangibleAssetsIntangibleAssetsConcessions_lbl" xml:lang="en-US">Transfers from other accounts receivable for concession contracts and intangible assets, reclassification from intangible assets - concessions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfServiceConcessionArrangementsTable" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfServiceConcessionArrangementsTable" xlink:to="ifrs-full_DisclosureOfServiceConcessionArrangementsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsTable_lbl" xml:lang="en-US">Disclosure of detailed information about service concession arrangements [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ServiceConcessionArrangementsAxis" xlink:label="ifrs-full_ServiceConcessionArrangementsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ServiceConcessionArrangementsAxis" xlink:to="ifrs-full_ServiceConcessionArrangementsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ServiceConcessionArrangementsAxis_lbl" xml:lang="en-US">Service concession arrangements [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ServiceConcessionArrangementsDomain" xlink:label="ifrs-full_ServiceConcessionArrangementsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ServiceConcessionArrangementsDomain" xlink:to="ifrs-full_ServiceConcessionArrangementsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ServiceConcessionArrangementsDomain_lbl" xml:lang="en-US">Service concession arrangements [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfServiceConcessionArrangementsLineItems" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfServiceConcessionArrangementsLineItems" xlink:to="ifrs-full_DisclosureOfServiceConcessionArrangementsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfServiceConcessionArrangementsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about service concession arrangements [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Ending Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Beginning Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairmentLossRecovery" xlink:label="aval_ImpairmentLossRecovery" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairmentLossRecovery" xlink:to="aval_ImpairmentLossRecovery_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpairmentLossRecovery_lbl" xml:lang="en-US">Impairment loss (recovery)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairmentLossRecovery_lbl" xml:lang="en-US">Impairment loss (recovery)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ImpairmentLossRecovery_lbl" xml:lang="en-US">Year impairment charge</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EnergyAndGasConcessionArrangementMember" xlink:label="aval_EnergyAndGasConcessionArrangementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EnergyAndGasConcessionArrangementMember" xlink:to="aval_EnergyAndGasConcessionArrangementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EnergyAndGasConcessionArrangementMember_lbl" xml:lang="en-US">Energy and Gas concession arrangement [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EnergyAndGasConcessionArrangementMember_lbl" xml:lang="en-US">Energy and Gas concession arrangement [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InfrastructureConcessionArrangementMember" xlink:label="aval_InfrastructureConcessionArrangementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InfrastructureConcessionArrangementMember" xlink:to="aval_InfrastructureConcessionArrangementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InfrastructureConcessionArrangementMember_lbl" xml:lang="en-US">Infrastructure concession arrangement [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InfrastructureConcessionArrangementMember_lbl" xml:lang="en-US">Infrastructure concession arrangement [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers, financial assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersFinancialAssets_lbl" xml:lang="en-US">Net effect from concession termination</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccruedInterestFinancialAssetsInConcessionArrangements" xlink:label="aval_AccruedInterestFinancialAssetsInConcessionArrangements" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccruedInterestFinancialAssetsInConcessionArrangements" xlink:to="aval_AccruedInterestFinancialAssetsInConcessionArrangements_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccruedInterestFinancialAssetsInConcessionArrangements_lbl" xml:lang="en-US">Accrued interest, financial assets in concession arrangements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccruedInterestFinancialAssetsInConcessionArrangements_lbl" xml:lang="en-US">Accrued interest, financial assets in concession arrangements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AccruedInterestFinancialAssetsInConcessionArrangements_lbl" xml:lang="en-US">Accrued interest</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcesionariaPanamericanaS.a.sMember" xlink:label="aval_ConcesionariaPanamericanaS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcesionariaPanamericanaS.a.sMember" xlink:to="aval_ConcesionariaPanamericanaS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcesionariaPanamericanaS.a.sMember_lbl" xml:lang="en-US">This member stands for Concesionaria Panamericana S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcesionariaPanamericanaS.a.sMember_lbl" xml:lang="en-US">Concesionaria Panamericana S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Additions other than through business combinations, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Capitalizations / Acquisitions / Purchases</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdditionsOtherThanThroughBusinessCombinationsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Additions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets" xlink:to="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill, other intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill, other intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherIntangibleAssets_lbl" xml:lang="en-US">Transfers to Other Intangible Assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment" xlink:to="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill, property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill, property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillPropertyPlantAndEquipment_lbl" xml:lang="en-US">Transfers to / from PPE</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts" xlink:to="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill, other accounts receivable for concession contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill, other accounts receivable for concession contracts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwillOtherAccountsReceivableForConcessionContracts_lbl" xml:lang="en-US">Transfers to / from other accounts receivable for concession contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Amortisation, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Amortization of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_AmortisationIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Amortization</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill" xlink:label="aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill" xlink:to="aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill_lbl" xml:lang="en-US">The amount of transfer to non-current assets held-for-sale other than goodwill.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill_lbl" xml:lang="en-US">Transfer to non-current assets held-for-sale other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_TransferToNonCurrentAssetsHeldForSaleOtherThanGoodwill_lbl" xml:lang="en-US">Transfer to non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Disposals and retirements, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DisposalsAndRetirementsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Withdrawals</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ChangesInIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_ChangesInIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_ChangesInIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Increase (decrease) in intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ChangesInIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Cost / (Amortization) / (Impairment loss)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcessionsUnderConstruction" xlink:label="aval_ConcessionsUnderConstruction" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcessionsUnderConstruction" xlink:to="aval_ConcessionsUnderConstruction_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcessionsUnderConstruction_lbl" xml:lang="en-US">It represents concessions under construction.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcessionsUnderConstruction_lbl" xml:lang="en-US">Concessions Under Construction</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcessionsUnderConstruction_lbl" xml:lang="en-US">Concessions contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SurtigasS.a.E.s.pMember" xlink:label="aval_SurtigasS.a.E.s.pMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SurtigasS.a.E.s.pMember" xlink:to="aval_SurtigasS.a.E.s.pMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SurtigasS.a.E.s.pMember_lbl" xml:lang="en-US">This member stands for Surtigas S.A. E.S.P.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SurtigasS.a.E.s.pMember_lbl" xml:lang="en-US">Surtigas S.A. E.S.P.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransmetanoE.s.p.S.aMember" xlink:label="aval_TransmetanoE.s.p.S.aMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransmetanoE.s.p.S.aMember" xlink:to="aval_TransmetanoE.s.p.S.aMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TransmetanoE.s.p.S.aMember_lbl" xml:lang="en-US">This member stands for Transmetano E.S.P. S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransmetanoE.s.p.S.aMember_lbl" xml:lang="en-US">Transmetano E.S.P. S.A</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromiorienteS.a.E.s.pMember" xlink:label="aval_PromiorienteS.a.E.s.pMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromiorienteS.a.E.s.pMember" xlink:to="aval_PromiorienteS.a.E.s.pMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PromiorienteS.a.E.s.pMember_lbl" xml:lang="en-US">This member stands for Promioriente S.A. E.S.P.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromiorienteS.a.E.s.pMember_lbl" xml:lang="en-US">Promioriente S.A. E.S.P</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GasesDeOccidenteS.a.E.s.pMember" xlink:label="aval_GasesDeOccidenteS.a.E.s.pMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GasesDeOccidenteS.a.E.s.pMember" xlink:to="aval_GasesDeOccidenteS.a.E.s.pMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GasesDeOccidenteS.a.E.s.pMember_lbl" xml:lang="en-US">This member stands for Gases de Occidente S.A. E.S.P.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GasesDeOccidenteS.a.E.s.pMember_lbl" xml:lang="en-US">Gases de Occidente S.A. E.S.P</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CompaniaEnergeticaDeOccidenteS.a.E.s.pMember" xlink:label="aval_CompaniaEnergeticaDeOccidenteS.a.E.s.pMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CompaniaEnergeticaDeOccidenteS.a.E.s.pMember" xlink:to="aval_CompaniaEnergeticaDeOccidenteS.a.E.s.pMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CompaniaEnergeticaDeOccidenteS.a.E.s.pMember_lbl" xml:lang="en-US">This member stands for Compania Energetica de Occidente S.A. E.S.P.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CompaniaEnergeticaDeOccidenteS.a.E.s.pMember_lbl" xml:lang="en-US">Compania Energetica de Occidente S.A. E.S.P.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SociedadPortuariaElCayaoS.a.E.s.pMember" xlink:label="aval_SociedadPortuariaElCayaoS.a.E.s.pMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SociedadPortuariaElCayaoS.a.E.s.pMember" xlink:to="aval_SociedadPortuariaElCayaoS.a.E.s.pMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SociedadPortuariaElCayaoS.a.E.s.pMember_lbl" xml:lang="en-US">This member stands for Sociedad Portuaria El Cayao S.A. E.S.P.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SociedadPortuariaElCayaoS.a.E.s.pMember_lbl" xml:lang="en-US">Sociedad Portuaria El Cayao S.A. E.S.P</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProyectosDeInfraestructuraS.aMember" xlink:label="aval_ProyectosDeInfraestructuraS.aMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProyectosDeInfraestructuraS.aMember" xlink:to="aval_ProyectosDeInfraestructuraS.aMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProyectosDeInfraestructuraS.aMember_lbl" xml:lang="en-US">This member stands for Proyectos de Infraestructura S.A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProyectosDeInfraestructuraS.aMember_lbl" xml:lang="en-US">Proyectos de Infraestructura S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcesionariaNuevaViaDelMarS.a.sMember" xlink:label="aval_ConcesionariaNuevaViaDelMarS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcesionariaNuevaViaDelMarS.a.sMember" xlink:to="aval_ConcesionariaNuevaViaDelMarS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcesionariaNuevaViaDelMarS.a.sMember_lbl" xml:lang="en-US">This member stands for Concesionaria Nueva Via del Mar S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcesionariaNuevaViaDelMarS.a.sMember_lbl" xml:lang="en-US">Concesionaria Nueva Via del Mar S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcesionariaVialAndinaS.a.sMember" xlink:label="aval_ConcesionariaVialAndinaS.a.sMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcesionariaVialAndinaS.a.sMember" xlink:to="aval_ConcesionariaVialAndinaS.a.sMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcesionariaVialAndinaS.a.sMember_lbl" xml:lang="en-US">This member stands for Concesionaria Vial Andina S.A.S.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcesionariaVialAndinaS.a.sMember_lbl" xml:lang="en-US">Concesionaria Vial Andina S.A.S.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfProgressOfBuilding" xlink:label="aval_PercentageOfProgressOfBuilding" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfProgressOfBuilding" xlink:to="aval_PercentageOfProgressOfBuilding_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfProgressOfBuilding_lbl" xml:lang="en-US">The percentage of progress of building.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfProgressOfBuilding_lbl" xml:lang="en-US">Percentage of Progress of Building</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfProgressOfBuilding_lbl" xml:lang="en-US">Percentage of progress of building</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage" xlink:label="aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage" xlink:to="aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage_lbl" xml:lang="en-US">Investment commitment, expansion, replacement and improvement of infrastructure, advance, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage_lbl" xml:lang="en-US">Investment commitment, expansion, replacement and improvement of infrastructure, advance, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentCommitmentExpansionReplacementAndImprovementOfInfrastructureAdvancePercentage_lbl" xml:lang="en-US">Investment commitment, expansion, replacement and improvement of infrastructure, advance, percentage</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:label="ifrs-full_ReconciliationOfChangesInGoodwillAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReconciliationOfChangesInGoodwillAbstract" xlink:to="ifrs-full_ReconciliationOfChangesInGoodwillAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReconciliationOfChangesInGoodwillAbstract_lbl" xml:lang="en-US">Reconciliation of changes in goodwill [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill_lbl" xml:lang="en-US">Decrease through classified as held for sale, goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleGoodwill_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesGoodwill_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesTable" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesTable" xlink:to="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesTable_lbl" xml:lang="en-US">Disclosure of information for cash-generating units [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromigasSaEspAndSubsidiariesMember" xlink:label="aval_PromigasSaEspAndSubsidiariesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromigasSaEspAndSubsidiariesMember" xlink:to="aval_PromigasSaEspAndSubsidiariesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PromigasSaEspAndSubsidiariesMember_lbl" xml:lang="en-US">Promigas S.A. E.S.P. and subsidiaries [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromigasSaEspAndSubsidiariesMember_lbl" xml:lang="en-US">Promigas SA ESP and subsidiaries [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PromigasSaEspAndSubsidiariesMember_lbl" xml:lang="en-US">Promigas S.A. and Subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeBogotaS.a.OverMultiFinancialGroupIncMember" xlink:label="aval_BancoDeBogotaS.a.OverMultiFinancialGroupIncMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeBogotaS.a.OverMultiFinancialGroupIncMember" xlink:to="aval_BancoDeBogotaS.a.OverMultiFinancialGroupIncMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeBogotaS.a.OverMultiFinancialGroupIncMember_lbl" xml:lang="en-US">Banco de Bogota S.A. over Multi Financial Group Inc. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeBogotaS.a.OverMultiFinancialGroupIncMember_lbl" xml:lang="en-US">Banco de Bogota S.A. over Multi Financial Group Inc.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeOccidenteS.a.OverBancoUnionMember" xlink:label="aval_BancoDeOccidenteS.a.OverBancoUnionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeOccidenteS.a.OverBancoUnionMember" xlink:to="aval_BancoDeOccidenteS.a.OverBancoUnionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeOccidenteS.a.OverBancoUnionMember_lbl" xml:lang="en-US">Banco de Occidente S.A. over Banco Union [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeOccidenteS.a.OverBancoUnionMember_lbl" xml:lang="en-US">Banco de Occidente S.A. over Banco Union</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_HotelesEstelarSAMember" xlink:label="aval_HotelesEstelarSAMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_HotelesEstelarSAMember" xlink:to="aval_HotelesEstelarSAMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_HotelesEstelarSAMember_lbl" xml:lang="en-US">Hoteles Estelar S. A.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems" xlink:to="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfInformationForIndividualAssetOrCashgeneratingUnitWithSignificantAmountOfGoodwillOrIntangibleAssetsWithIndefiniteUsefulLivesLineItems_lbl" xml:lang="en-US">Disclosure of information for cash-generating units [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows" xlink:label="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows" xlink:to="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlows_lbl" xml:lang="en-US">Explanation of period over which management has projected cash flows</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod" xlink:label="aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod" xlink:to="aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod_lbl" xml:lang="en-US">Explanation of period over which management has projected cash flows, period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod_lbl" xml:lang="en-US">Explanation of period over which management has projected cash flows, period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ExplanationOfPeriodOverWhichManagementHasProjectedCashFlowsPeriod_lbl" xml:lang="en-US">Explanation of period over which management has projected cash flows, period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:label="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit" xlink:to="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_lbl" xml:lang="en-US">Recoverable amount of asset or cash-generating unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RecoverableAmountOfAssetOrCashgeneratingUnit_lbl" xml:lang="en-US">Recoverable amount of asset or cash-generating unit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ExceedsBookValueOfCashGeneratingUnit" xlink:label="aval_ExceedsBookValueOfCashGeneratingUnit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ExceedsBookValueOfCashGeneratingUnit" xlink:to="aval_ExceedsBookValueOfCashGeneratingUnit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ExceedsBookValueOfCashGeneratingUnit_lbl" xml:lang="en-US">Exceeds the book value of cash generating-unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ExceedsBookValueOfCashGeneratingUnit_lbl" xml:lang="en-US">Exceeds the book value of cash generating-unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ExceedsBookValueOfCashGeneratingUnit_lbl" xml:lang="en-US">Exceeds the book value of cash generating-unit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections" xlink:label="aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections" xlink:to="aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections_lbl" xml:lang="en-US">The increase (decrease) in discount rate applied to cash flow projections for a cash-generating unit (group of units).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections_lbl" xml:lang="en-US">Increase Decrease In Discount Rate Applied To Cash Flow Projections</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseInDiscountRateAppliedToCashFlowProjections_lbl" xml:lang="en-US">Increase decrease in discount rate applied to cash flow projections</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher" xlink:label="aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher" xlink:to="aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher_lbl" xml:lang="en-US">Goodwill sensitivity recoverable value if discount rate 0.5 percent higher</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher_lbl" xml:lang="en-US">Goodwill sensitivity recoverable value if discount rate 0.5 percent higher</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GoodwillSensitivityRecoverableValueIfDiscountRate0.5PercentHigher_lbl" xml:lang="en-US">Recoverable value if discount rate was 0.5% higher</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashGeneratingUnitBookValue" xlink:label="aval_CashGeneratingUnitBookValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashGeneratingUnitBookValue" xlink:to="aval_CashGeneratingUnitBookValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CashGeneratingUnitBookValue_lbl" xml:lang="en-US">Cash-generating unit, book value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashGeneratingUnitBookValue_lbl" xml:lang="en-US">Cash-generating unit, book value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CashGeneratingUnitBookValue_lbl" xml:lang="en-US">Book value of cash-generating unit</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember" xlink:to="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US">Later than one year and not later than two years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanOneYearAndNotLaterThanTwoYearsMember_lbl" xml:lang="en-US">Not later than Two Year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember" xlink:to="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Later than two years and not later than three years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanTwoYearsAndNotLaterThanThreeYearsMember_lbl" xml:lang="en-US">Not later than Three Year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember" xlink:to="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xml:lang="en-US">Later than three years and not later than four years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanThreeYearsAndNotLaterThanFourYearsMember_lbl" xml:lang="en-US">Not later than Four Year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember" xlink:to="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Later than four years and not later than five years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_LaterThanFourYearsAndNotLaterThanFiveYearsMember_lbl" xml:lang="en-US">Not later than Five Year</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestRateOnInvestments" xlink:label="aval_InterestRateOnInvestments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestRateOnInvestments" xlink:to="aval_InterestRateOnInvestments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestRateOnInvestments_lbl" xml:lang="en-US">Interest rate on investments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestRateOnInvestments_lbl" xml:lang="en-US">Interest rate on investments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InterestRateOnInvestments_lbl" xml:lang="en-US">Interest rate on investments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoanPortfolioAndInvestmentsLendingRate" xlink:label="aval_LoanPortfolioAndInvestmentsLendingRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoanPortfolioAndInvestmentsLendingRate" xlink:to="aval_LoanPortfolioAndInvestmentsLendingRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoanPortfolioAndInvestmentsLendingRate_lbl" xml:lang="en-US">Loan portfolio and investments, lending rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoanPortfolioAndInvestmentsLendingRate_lbl" xml:lang="en-US">Loan portfolio and investments, lending rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoanPortfolioAndInvestmentsLendingRate_lbl" xml:lang="en-US">Lending rate on the loan portfolio and investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsInterestRate" xlink:label="ifrs-full_BorrowingsInterestRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsInterestRate" xlink:to="ifrs-full_BorrowingsInterestRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US">Borrowings, interest rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US">Borrowing rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingsInterestRate_lbl" xml:lang="en-US">Interest Rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrowthRateInIncomeFromCommissions" xlink:label="aval_GrowthRateInIncomeFromCommissions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrowthRateInIncomeFromCommissions" xlink:to="aval_GrowthRateInIncomeFromCommissions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrowthRateInIncomeFromCommissions_lbl" xml:lang="en-US">The growth rate in income from commissions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrowthRateInIncomeFromCommissions_lbl" xml:lang="en-US">Growth rate in income from commissions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrowthRateInIncomeFromCommissions_lbl" xml:lang="en-US">Growth in income from commissions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrowthRateInExpenses" xlink:label="aval_GrowthRateInExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrowthRateInExpenses" xlink:to="aval_GrowthRateInExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrowthRateInExpenses_lbl" xml:lang="en-US">The Growth rate in expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrowthRateInExpenses_lbl" xml:lang="en-US">Growth rate in expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrowthRateInExpenses_lbl" xml:lang="en-US">Growth in expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits" xlink:label="aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits" xlink:to="aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits_lbl" xml:lang="en-US">The inflation rate used in impairment tests of cash generating units.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits_lbl" xml:lang="en-US">Inflation rate used in impairment tests of cash generating units</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InflationRateUsedInImpairmentTestsOfCashGeneratingUnits_lbl" xml:lang="en-US">Inflation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections" xlink:to="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US">Discount rate applied to cash flow projections</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DescriptionOfDiscountRatesAppliedToCashFlowProjections_lbl" xml:lang="en-US">Discount interest rate after taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsTable" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsTable_lbl" xml:lang="en-US">Disclosure of detailed information about business combination [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BusinessCombinationsAxis" xlink:label="ifrs-full_BusinessCombinationsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsAxis" xlink:to="ifrs-full_BusinessCombinationsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BusinessCombinationsAxis_lbl" xml:lang="en-US">Business combinations [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BusinessCombinationsDomain" xlink:label="ifrs-full_BusinessCombinationsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BusinessCombinationsDomain" xlink:to="ifrs-full_BusinessCombinationsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BusinessCombinationsDomain_lbl" xml:lang="en-US">Business combinations [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeCreditoYDesarrolloSocialMember" xlink:label="aval_BancoDeCreditoYDesarrolloSocialMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeCreditoYDesarrolloSocialMember" xlink:to="aval_BancoDeCreditoYDesarrolloSocialMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeCreditoYDesarrolloSocialMember_lbl" xml:lang="en-US">Banco de Credito y Desarrollo Social [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfBusinessCombinationsLineItems" xlink:to="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfBusinessCombinationsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about business combination [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PercentageOfVotingEquityInterestsAcquired" xlink:to="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage of voting equity interests acquired</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage acquired (as a percent)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PercentageOfVotingEquityInterestsAcquired_lbl" xml:lang="en-US">Percentage of voting equity interests acquired (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MethodsOfGenerationAxis" xlink:label="ifrs-full_MethodsOfGenerationAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MethodsOfGenerationAxis" xlink:to="ifrs-full_MethodsOfGenerationAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MethodsOfGenerationAxis_lbl" xml:lang="en-US">Methods of generation [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MethodsOfGenerationDomain" xlink:label="ifrs-full_MethodsOfGenerationDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MethodsOfGenerationDomain" xlink:to="ifrs-full_MethodsOfGenerationDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MethodsOfGenerationDomain_lbl" xml:lang="en-US">Methods of generation [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InternallyGeneratedMember" xlink:label="ifrs-full_InternallyGeneratedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InternallyGeneratedMember" xlink:to="ifrs-full_InternallyGeneratedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InternallyGeneratedMember_lbl" xml:lang="en-US">Internally generated [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InternallyGeneratedDevelopingOtherIntangibleAssetsMember" xlink:label="aval_InternallyGeneratedDevelopingOtherIntangibleAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InternallyGeneratedDevelopingOtherIntangibleAssetsMember" xlink:to="aval_InternallyGeneratedDevelopingOtherIntangibleAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InternallyGeneratedDevelopingOtherIntangibleAssetsMember_lbl" xml:lang="en-US">Represents information pertaining to internally generated developing other intangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InternallyGeneratedDevelopingOtherIntangibleAssetsMember_lbl" xml:lang="en-US">Internally Generated - Developing</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InternallyGeneratedInUseOtherIntangibleAssetsMember" xlink:label="aval_InternallyGeneratedInUseOtherIntangibleAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InternallyGeneratedInUseOtherIntangibleAssetsMember" xlink:to="aval_InternallyGeneratedInUseOtherIntangibleAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InternallyGeneratedInUseOtherIntangibleAssetsMember_lbl" xml:lang="en-US">Represents information pertaining to internally generated in use other intangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InternallyGeneratedInUseOtherIntangibleAssetsMember_lbl" xml:lang="en-US">Internally Generated - In Use</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NotInternallyGeneratedMember" xlink:label="ifrs-full_NotInternallyGeneratedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NotInternallyGeneratedMember" xlink:to="ifrs-full_NotInternallyGeneratedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NotInternallyGeneratedMember_lbl" xml:lang="en-US">Not internally generated [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NotInternallyGeneratedMember_lbl" xml:lang="en-US">Separate acquisition</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Increase (decrease) through transfers, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughTransfersIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Transfers</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RetirementsIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_RetirementsIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RetirementsIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_RetirementsIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RetirementsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Retirements, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RetirementsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Withdrawals</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill" xlink:label="aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill" xlink:to="aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Increase (decrease) through termination of contracts, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Increase (decrease) through termination of contracts, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughTerminationOfContractsIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Transfer from concessions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill" xlink:to="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Decrease through classified as held for sale, intangible assets other than goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DecreaseThroughClassifiedAsHeldForSaleIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Reclasification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations" xlink:label="aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations" xlink:to="aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations_lbl" xml:lang="en-US">Decrease in intangible assets other than goodwill, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations_lbl" xml:lang="en-US">Decrease in intangible assets other than goodwill, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DecreaseInIntangibleAssetsOtherThanGoodwillDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill" xlink:label="aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill" xlink:to="aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Decrease through arrangement of entities, intangible assets other than goodwill.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Decrease Through Arrangement of Entities, Intangible Assets Other Than Goodwill</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseThroughArrangementOfEntitiesIntangibleAssetsOtherThanGoodwill_lbl" xml:lang="en-US">Arrangement of entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfIncomeTaxTable" xlink:label="aval_DisclosureOfIncomeTaxTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfIncomeTaxTable" xlink:to="aval_DisclosureOfIncomeTaxTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfIncomeTaxTable_lbl" xml:lang="en-US">Disclosure of income tax [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfIncomeTaxLineItems" xlink:label="aval_DisclosureOfIncomeTaxLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfIncomeTaxLineItems" xlink:to="aval_DisclosureOfIncomeTaxLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfIncomeTaxLineItems_lbl" xml:lang="en-US">Disclosure of income tax [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxExpenseIncome" xlink:label="ifrs-full_CurrentTaxExpenseIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncome" xlink:to="ifrs-full_CurrentTaxExpenseIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US">Current tax expense (income)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncome_lbl" xml:lang="en-US">Current period income tax</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxSurcharge" xlink:label="aval_IncomeTaxSurcharge" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxSurcharge" xlink:to="aval_IncomeTaxSurcharge_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeTaxSurcharge_lbl" xml:lang="en-US">The element represents the amount of income tax surcharge.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxSurcharge_lbl" xml:lang="en-US">Income Tax Surcharge</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncomeTaxSurcharge_lbl" xml:lang="en-US">Income tax surcharge</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:label="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod" xlink:to="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_lbl" xml:lang="en-US">Adjustments for current tax of prior periods</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AdjustmentsForCurrentTaxOfPriorPeriod_lbl" xml:lang="en-US">Prior years adjustments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods" xlink:to="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_lbl" xml:lang="en-US">Current tax expense (income) and adjustments for current tax of prior periods</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_CurrentTaxExpenseIncomeAndAdjustmentsForCurrentTaxOfPriorPeriods_lbl" xml:lang="en-US">Subtotal current period taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods" xlink:label="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods" xlink:to="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods_lbl" xml:lang="en-US">Adjustment due to settlement of uncertain tax positions form prior periods</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods_lbl" xml:lang="en-US">Adjustment due to settlement of uncertain tax positions form prior periods</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods_lbl" xml:lang="en-US">Adjustment due to settlement of uncertain tax positions form prior years</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_AdjustmentDueToSettlementOfUncertainTaxPositionsFormPriorPeriods_lbl" xml:lang="en-US">Adjustments due to uncertain tax positions in previous year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl" xml:lang="en-US">Deferred tax expense (income) relating to tax rate changes or imposition of new taxes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRelatingToTaxRateChangesOrImpositionOfNewTaxes_lbl" xml:lang="en-US">Deferred taxes current period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:label="ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods" xlink:to="ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods_lbl" xml:lang="en-US">Adjustments for deferred tax of prior periods</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForDeferredTaxOfPriorPeriods_lbl" xml:lang="en-US">Deferred taxes - Prior years adjustments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods" xlink:label="aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods" xlink:to="aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods_lbl" xml:lang="en-US">The amount of deferred tax expense (income) and adjustments for the deferred tax of prior periods.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods_lbl" xml:lang="en-US">Deferred tax expense (income) and adjustments for deferred tax of prior periods</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_DeferredTaxExpenseIncomeAndAdjustmentsForDeferredTaxOfPriorPeriods_lbl" xml:lang="en-US">Subtotal deferred taxes</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations" xlink:label="aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations" xlink:to="aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations_lbl" xml:lang="en-US">Income tax expense (income), continuing operations and discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations_lbl" xml:lang="en-US">Income tax expense (income), continuing operations and discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_IncomeTaxExpenseIncomeContinuingOperationsAndDiscontinuedOperations_lbl" xml:lang="en-US">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.sec.gov/country/2025/country-2025.xsd#country_BB" xlink:label="country_BB" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="country_BB" xlink:to="country_BB_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="country_BB_lbl" xml:lang="en-US">BARBADOS</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TypesOfTaxesAxis" xlink:label="aval_TypesOfTaxesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TypesOfTaxesAxis" xlink:to="aval_TypesOfTaxesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TypesOfTaxesAxis_lbl" xml:lang="en-US">Types of taxes [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TypesOfTaxesDomain" xlink:label="aval_TypesOfTaxesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TypesOfTaxesDomain" xlink:to="aval_TypesOfTaxesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TypesOfTaxesDomain_lbl" xml:lang="en-US">Types of taxes [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SurchargeMember" xlink:label="aval_SurchargeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SurchargeMember" xlink:to="aval_SurchargeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SurchargeMember_lbl" xml:lang="en-US">Surcharge</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CapitalGainTaxMember" xlink:label="aval_CapitalGainTaxMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CapitalGainTaxMember" xlink:to="aval_CapitalGainTaxMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CapitalGainTaxMember_lbl" xml:lang="en-US">Capital gain Tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ScenarioForecastMember" xlink:label="srt_ScenarioForecastMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ScenarioForecastMember" xlink:to="srt_ScenarioForecastMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ScenarioForecastMember_lbl" xml:lang="en-US">Forecast [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_ScenarioForecastMember_lbl" xml:lang="en-US">Forecast</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ApplicableTaxRate" xlink:label="ifrs-full_ApplicableTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ApplicableTaxRate" xlink:to="ifrs-full_ApplicableTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Applicable tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Applicable tax rate (as a percent)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ApplicableTaxRate_lbl" xml:lang="en-US">Enacted tax rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ApplicableTaxRateDecree1474" xlink:label="aval_ApplicableTaxRateDecree1474" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ApplicableTaxRateDecree1474" xlink:to="aval_ApplicableTaxRateDecree1474_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ApplicableTaxRateDecree1474_lbl" xml:lang="en-US">Applicable tax rate, decree 1474</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ApplicableTaxRateDecree1474_lbl" xml:lang="en-US">Applicable tax rate, decree 1474</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ApplicableTaxRateDecree1474_lbl" xml:lang="en-US">Applicable tax rate, decree 1474 (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxValueUnit" xlink:label="aval_TaxValueUnit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxValueUnit" xlink:to="aval_TaxValueUnit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxValueUnit_lbl" xml:lang="en-US">Tax value unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxValueUnit_lbl" xml:lang="en-US">Tax value unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TaxValueUnit_lbl" xml:lang="en-US">Tax value unit (UVT)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IndividualValueOfTaxValueUnit" xlink:label="aval_IndividualValueOfTaxValueUnit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IndividualValueOfTaxValueUnit" xlink:to="aval_IndividualValueOfTaxValueUnit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IndividualValueOfTaxValueUnit_lbl" xml:lang="en-US">The individual value of Tax Value Unit.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IndividualValueOfTaxValueUnit_lbl" xml:lang="en-US">Individual value of Tax Value Unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IndividualValueOfTaxValueUnit_lbl" xml:lang="en-US">Individual value of Tax Value Unit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SpecialFreeZoneTaxRate" xlink:label="aval_SpecialFreeZoneTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SpecialFreeZoneTaxRate" xlink:to="aval_SpecialFreeZoneTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SpecialFreeZoneTaxRate_lbl" xml:lang="en-US">Tax rate of special free zone.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SpecialFreeZoneTaxRate_lbl" xml:lang="en-US">Special free zone tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SpecialFreeZoneTaxRate_lbl" xml:lang="en-US">Tax rate of special free zone (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DividendWithholdingTaxRate" xlink:label="aval_DividendWithholdingTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DividendWithholdingTaxRate" xlink:to="aval_DividendWithholdingTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DividendWithholdingTaxRate_lbl" xml:lang="en-US">Dividend withholding tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DividendWithholdingTaxRate_lbl" xml:lang="en-US">Dividend withholding tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DividendWithholdingTaxRate_lbl" xml:lang="en-US">Dividend withholding tax rate (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit" xlink:label="aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit" xlink:to="aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit_lbl" xml:lang="en-US">Required percentage of increase in net income tax to get audit benefit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit_lbl" xml:lang="en-US">Required percentage of increase in net income tax to get audit benefit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RequiredPercentageOfIncreaseInNetIncomeTaxToGetAuditBenefit_lbl" xml:lang="en-US">Required percentage of increase in net income tax to get audit benefit (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NexaBarbadosAndOtherSubsidiariesMember" xlink:label="aval_NexaBarbadosAndOtherSubsidiariesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NexaBarbadosAndOtherSubsidiariesMember" xlink:to="aval_NexaBarbadosAndOtherSubsidiariesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NexaBarbadosAndOtherSubsidiariesMember_lbl" xml:lang="en-US">Nexa, Barbados and other subsidiaries [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NexaBarbadosAndOtherSubsidiariesMember_lbl" xml:lang="en-US">Nexa, Barbados and other subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_UponCompanyHavingValidityOfLegalStabilityContractMember" xlink:label="aval_UponCompanyHavingValidityOfLegalStabilityContractMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_UponCompanyHavingValidityOfLegalStabilityContractMember" xlink:to="aval_UponCompanyHavingValidityOfLegalStabilityContractMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_UponCompanyHavingValidityOfLegalStabilityContractMember_lbl" xml:lang="en-US">The scenario under which companies having validity of legal stability contract.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_UponCompanyHavingValidityOfLegalStabilityContractMember_lbl" xml:lang="en-US">Upon Company Having Validity Of Legal Stability Contract [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_UponCompanyHavingValidityOfLegalStabilityContractMember_lbl" xml:lang="en-US">Companies having validity of legal stability contract</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AccountingProfit" xlink:label="ifrs-full_AccountingProfit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AccountingProfit" xlink:to="ifrs-full_AccountingProfit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AccountingProfit_lbl" xml:lang="en-US">Accounting profit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AccountingProfit_lbl" xml:lang="en-US">Profit before income tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate" xlink:to="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US">Tax expense (income) at applicable tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TaxExpenseIncomeAtApplicableTaxRate_lbl" xml:lang="en-US">Theoretical income tax expense</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:label="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss" xlink:to="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_lbl" xml:lang="en-US">Tax effect of expense not deductible in determining taxable profit (tax loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TaxEffectOfExpenseNotDeductibleInDeterminingTaxableProfitTaxLoss_lbl" xml:lang="en-US">Non deductible expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfTaxLosses" xlink:label="ifrs-full_TaxEffectOfTaxLosses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfTaxLosses" xlink:to="ifrs-full_TaxEffectOfTaxLosses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfTaxLosses_lbl" xml:lang="en-US">Tax effect of tax losses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TaxEffectOfTaxLosses_lbl" xml:lang="en-US">Generation (offset) of tax losses considered non recoverable for income tax purpose</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes" xlink:label="aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes" xlink:to="aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes_lbl" xml:lang="en-US">Presumptive income non-recoverable for income tax purposes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes_lbl" xml:lang="en-US">Presumptive income non-recoverable for income tax purposes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PresumptiveIncomeNonRecoverableForIncomeTaxPurposes_lbl" xml:lang="en-US">(Offset) of presumptive income considered non recoverable for income tax purpose</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NontaxableDividends" xlink:label="aval_NontaxableDividends" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NontaxableDividends" xlink:to="aval_NontaxableDividends_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NontaxableDividends_lbl" xml:lang="en-US">Nontaxable dividends</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NontaxableDividends_lbl" xml:lang="en-US">Nontaxable dividends</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_NontaxableDividends_lbl" xml:lang="en-US">Nontaxable dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NontaxableIncomeUnderEquityMethodInAssociates" xlink:label="aval_NontaxableIncomeUnderEquityMethodInAssociates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NontaxableIncomeUnderEquityMethodInAssociates" xlink:to="aval_NontaxableIncomeUnderEquityMethodInAssociates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NontaxableIncomeUnderEquityMethodInAssociates_lbl" xml:lang="en-US">Nontaxable income under equity method in associates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NontaxableIncomeUnderEquityMethodInAssociates_lbl" xml:lang="en-US">Nontaxable income under equity method in associates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_NontaxableIncomeUnderEquityMethodInAssociates_lbl" xml:lang="en-US">Nontaxable income under equity method in associates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment" xlink:label="aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment" xlink:to="aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment_lbl" xml:lang="en-US">It represents tax benefit from profit (loss) in sales or appraisal of investment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment_lbl" xml:lang="en-US">Tax effect on profit loss in sales or appraisal of investment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_TaxEffectOnProfitLossInSalesOrAppraisalOfInvestment_lbl" xml:lang="en-US">Profit on sales or appraisal of investment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NontaxableInterestIncome" xlink:label="aval_NontaxableInterestIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NontaxableInterestIncome" xlink:to="aval_NontaxableInterestIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NontaxableInterestIncome_lbl" xml:lang="en-US">Nontaxable interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NontaxableInterestIncome_lbl" xml:lang="en-US">Nontaxable interest income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_NontaxableInterestIncome_lbl" xml:lang="en-US">Nontaxable interest income and other income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherNontaxableInterestIncome" xlink:label="aval_OtherNontaxableInterestIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherNontaxableInterestIncome" xlink:to="aval_OtherNontaxableInterestIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherNontaxableInterestIncome_lbl" xml:lang="en-US">It represents other non taxable interest income .</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherNontaxableInterestIncome_lbl" xml:lang="en-US">Other Nontaxable Interest Income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OtherNontaxableInterestIncome_lbl" xml:lang="en-US">Other nontaxable income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxEffectOfNonAccountableTaxRevenue" xlink:label="aval_TaxEffectOfNonAccountableTaxRevenue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxEffectOfNonAccountableTaxRevenue" xlink:to="aval_TaxEffectOfNonAccountableTaxRevenue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxEffectOfNonAccountableTaxRevenue_lbl" xml:lang="en-US">Tax effect of non accountable tax revenue</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxEffectOfNonAccountableTaxRevenue_lbl" xml:lang="en-US">Tax effect of non accountable tax revenue</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TaxEffectOfNonAccountableTaxRevenue_lbl" xml:lang="en-US">Non-accountable tax revenues in sale of BHI</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate" xlink:label="aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate" xlink:to="aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate_lbl" xml:lang="en-US">Tax effect of revenues taxable by different tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate_lbl" xml:lang="en-US">Tax effect of revenues taxable by different tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TaxEffectOfRevenuesTaxableByDifferentTaxRate_lbl" xml:lang="en-US">Revenues taxable by different tax rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment" xlink:label="aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment" xlink:to="aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment_lbl" xml:lang="en-US">It represents tax benefits in acquisition of property and equipment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment_lbl" xml:lang="en-US">Tax Benefits In Acquisition Of Property and Equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_TaxBenefitsInAcquisitionOfPropertyAndEquipment_lbl" xml:lang="en-US">Tax benefits in the acquisition of property and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxEffectOfTaxDiscounts" xlink:label="aval_TaxEffectOfTaxDiscounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxEffectOfTaxDiscounts" xlink:to="aval_TaxEffectOfTaxDiscounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxEffectOfTaxDiscounts_lbl" xml:lang="en-US">The amount representing the difference between the tax expense (income) and the product of the accounting profit multiplied by the applicable tax rate(s) that relates to tax discounts.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxEffectOfTaxDiscounts_lbl" xml:lang="en-US">Tax Effect Of Tax Discounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_TaxEffectOfTaxDiscounts_lbl" xml:lang="en-US">Tax discounts</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxEffectOfForeignTaxRates" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxEffectOfForeignTaxRates" xlink:to="ifrs-full_TaxEffectOfForeignTaxRates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates_lbl" xml:lang="en-US">Tax effect of foreign tax rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TaxEffectOfForeignTaxRates_lbl" xml:lang="en-US">Profits (losses) in Subsidiaries in tax free countries or with different tax rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInBenefitsInTaxRates" xlink:label="aval_IncreaseDecreaseInBenefitsInTaxRates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInBenefitsInTaxRates" xlink:to="aval_IncreaseDecreaseInBenefitsInTaxRates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInBenefitsInTaxRates_lbl" xml:lang="en-US">It represents increase decrease in benefits in tax rates.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInBenefitsInTaxRates_lbl" xml:lang="en-US">Increase Decrease In Benefits In Tax Rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncreaseDecreaseInBenefitsInTaxRates_lbl" xml:lang="en-US">Effect on the deferred income tax due to changes in tax rates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithholdingTax" xlink:label="aval_WithholdingTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithholdingTax" xlink:to="aval_WithholdingTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WithholdingTax_lbl" xml:lang="en-US">Withholding tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithholdingTax_lbl" xml:lang="en-US">Withholding tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome" xlink:to="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xml:lang="en-US">Other tax effects for reconciliation between accounting profit and tax expense (income)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherTaxEffectsForReconciliationBetweenAccountingProfitAndTaxExpenseIncome_lbl" xml:lang="en-US">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AverageEffectiveTaxRate" xlink:label="ifrs-full_AverageEffectiveTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AverageEffectiveTaxRate" xlink:to="ifrs-full_AverageEffectiveTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US">Average effective tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AverageEffectiveTaxRate_lbl" xml:lang="en-US">Effective income tax rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded" xlink:label="aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded" xlink:to="aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded_lbl" xml:lang="en-US">Tax losses on which no deferred tax asset recorded</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded_lbl" xml:lang="en-US">Tax losses on which no deferred tax asset, recorded</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TaxLossesOnWhichNoDeferredTaxAssetRecorded_lbl" xml:lang="en-US">Tax losses on which no deferred tax asset recorded</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxRate" xlink:label="aval_DeferredTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxRate" xlink:to="aval_DeferredTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxRate_lbl" xml:lang="en-US">Deferred tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxRate_lbl" xml:lang="en-US">Deferred tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DeferredTaxRate_lbl" xml:lang="en-US">Deferred tax rate (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanFiveYearsAndNotLaterThanSixYearsMember" xlink:label="aval_LaterThanFiveYearsAndNotLaterThanSixYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanFiveYearsAndNotLaterThanSixYearsMember" xlink:to="aval_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl" xml:lang="en-US">Later than five years and not later than six years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanFiveYearsAndNotLaterThanSixYearsMember_lbl" xml:lang="en-US">Later than five years and not later than six years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanSixYearsAndNotLaterThanSevenYearsMember" xlink:label="aval_LaterThanSixYearsAndNotLaterThanSevenYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanSixYearsAndNotLaterThanSevenYearsMember" xlink:to="aval_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl" xml:lang="en-US">Later than six years and not later than seven years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanSixYearsAndNotLaterThanSevenYearsMember_lbl" xml:lang="en-US">Later than six years and not later than seven years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanSevenYearsAndNotLaterThanEightYearsMember" xlink:label="aval_LaterThanSevenYearsAndNotLaterThanEightYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanSevenYearsAndNotLaterThanEightYearsMember" xlink:to="aval_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl" xml:lang="en-US">Later than seven years and not later than eight years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanSevenYearsAndNotLaterThanEightYearsMember_lbl" xml:lang="en-US">Later than seven years and not later than eight years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanEightYearsAndNotLaterThanNineYearsMember" xlink:label="aval_LaterThanEightYearsAndNotLaterThanNineYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanEightYearsAndNotLaterThanNineYearsMember" xlink:to="aval_LaterThanEightYearsAndNotLaterThanNineYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanEightYearsAndNotLaterThanNineYearsMember_lbl" xml:lang="en-US">Later than eight years and not later than nine years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanEightYearsAndNotLaterThanNineYearsMember_lbl" xml:lang="en-US">Later than eight years and not later than nine years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanNineYearsAndNotLaterThanTenYearsMember" xlink:label="aval_LaterThanNineYearsAndNotLaterThanTenYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanNineYearsAndNotLaterThanTenYearsMember" xlink:to="aval_LaterThanNineYearsAndNotLaterThanTenYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanNineYearsAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US">Later than nine years and not later than ten years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanNineYearsAndNotLaterThanTenYearsMember_lbl" xml:lang="en-US">Later than nine years and not later than ten years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanTenYearsAndNotLaterThanElevenYearsMember" xlink:label="aval_LaterThanTenYearsAndNotLaterThanElevenYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanTenYearsAndNotLaterThanElevenYearsMember" xlink:to="aval_LaterThanTenYearsAndNotLaterThanElevenYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanTenYearsAndNotLaterThanElevenYearsMember_lbl" xml:lang="en-US">Later than ten years and not later than eleven years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanTenYearsAndNotLaterThanElevenYearsMember_lbl" xml:lang="en-US">Later than ten years and not later than eleven years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaterThanElevenYearsAndNotLaterThanTwelveYearsMember" xlink:label="aval_LaterThanElevenYearsAndNotLaterThanTwelveYearsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaterThanElevenYearsAndNotLaterThanTwelveYearsMember" xlink:to="aval_LaterThanElevenYearsAndNotLaterThanTwelveYearsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaterThanElevenYearsAndNotLaterThanTwelveYearsMember_lbl" xml:lang="en-US">Later than eleven years and not later than twelve years [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaterThanElevenYearsAndNotLaterThanTwelveYearsMember_lbl" xml:lang="en-US">Later than eleven years and not later than twelve years [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithoutExpirationDateMember" xlink:label="aval_WithoutExpirationDateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithoutExpirationDateMember" xlink:to="aval_WithoutExpirationDateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithoutExpirationDateMember_lbl" xml:lang="en-US">Without expiration date [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised" xlink:to="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US">Unused tax losses for which no deferred tax asset recognised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxLossesForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US">Tax loss carry forwards not recognized as deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" xlink:label="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised" xlink:to="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US">Unused tax credits for which no deferred tax asset recognised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedTaxCreditsForWhichNoDeferredTaxAssetRecognised_lbl" xml:lang="en-US">Excess of presumptive income not recognized as deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets" xlink:label="aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets" xlink:to="aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets_lbl" xml:lang="en-US">Tax loss carry forwards and excess of presumptive income not recognized as deferred tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets_lbl" xml:lang="en-US">Tax loss carry forwards and excess of presumptive income not recognized as deferred tax assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TaxLossCarryForwardsAndExcessOfPresumptiveIncomeNotRecognizedAsDeferredTaxAssets_lbl" xml:lang="en-US">Tax loss carry forwards and excess of presumptive income not recognized as deferred tax assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:label="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures" xlink:to="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_lbl" xml:lang="en-US">Temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements for which deferred tax liabilities have not been recognised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TemporaryDifferencesAssociatedWithInvestmentsInSubsidiariesBranchesAndAssociatesAndInterestsInJointVentures_lbl" xml:lang="en-US">Temporary differences associated with investments in subsidiaries, branches and associates and interests in joint arrangements for which deferred tax liabilities have not been recognised</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsAxis_lbl" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain" xlink:to="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TemporaryDifferenceUnusedTaxLossesAndUnusedTaxCreditsDomain_lbl" xml:lang="en-US">Temporary difference, unused tax losses and unused tax credits [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxAssetsMember" xlink:label="aval_DeferredTaxAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxAssetsMember" xlink:to="aval_DeferredTaxAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxAssetsMember_lbl" xml:lang="en-US">Deferred tax assets [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxAssetsMember_lbl" xml:lang="en-US">Deferred tax assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxLiabilitiesMember" xlink:label="aval_DeferredTaxLiabilitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxLiabilitiesMember" xlink:to="aval_DeferredTaxLiabilitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxLiabilitiesMember_lbl" xml:lang="en-US">Deferred tax liabilities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxLiabilitiesMember_lbl" xml:lang="en-US">Deferred tax liabilities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAndLiabilitiesAxis" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesAxis" xlink:to="ifrs-full_AssetsAndLiabilitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesAxis_lbl" xml:lang="en-US">Assets and liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsAndLiabilitiesDomain" xlink:label="ifrs-full_AssetsAndLiabilitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsAndLiabilitiesDomain" xlink:to="ifrs-full_AssetsAndLiabilitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsAndLiabilitiesDomain_lbl" xml:lang="en-US">Assets and liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DebtSecuritiesAtFairValueMember" xlink:label="aval_DebtSecuritiesAtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DebtSecuritiesAtFairValueMember" xlink:to="aval_DebtSecuritiesAtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DebtSecuritiesAtFairValueMember_lbl" xml:lang="en-US">Debt securities at fair value [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EquitySecuritiesAtFairValueMember" xlink:label="aval_EquitySecuritiesAtFairValueMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EquitySecuritiesAtFairValueMember" xlink:to="aval_EquitySecuritiesAtFairValueMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EquitySecuritiesAtFairValueMember_lbl" xml:lang="en-US">Equity securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DerivativeInstrumentsMember" xlink:label="aval_DerivativeInstrumentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DerivativeInstrumentsMember" xlink:to="aval_DerivativeInstrumentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DerivativeInstrumentsMember_lbl" xml:lang="en-US">Derivative instruments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AllowanceOfInvestmentsSecuritiesMember" xlink:label="aval_AllowanceOfInvestmentsSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AllowanceOfInvestmentsSecuritiesMember" xlink:to="aval_AllowanceOfInvestmentsSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AllowanceOfInvestmentsSecuritiesMember_lbl" xml:lang="en-US">Allowance of investments securities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AllowanceOfInvestmentsSecuritiesMember_lbl" xml:lang="en-US">Allowance of investments securities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccountsReceivablesMember" xlink:label="aval_AccountsReceivablesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccountsReceivablesMember" xlink:to="aval_AccountsReceivablesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccountsReceivablesMember_lbl" xml:lang="en-US">Accounts receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AllowanceForAccountsReceivableMember" xlink:label="aval_AllowanceForAccountsReceivableMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AllowanceForAccountsReceivableMember" xlink:to="aval_AllowanceForAccountsReceivableMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AllowanceForAccountsReceivableMember_lbl" xml:lang="en-US">Allowance for accounts receivable [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AllowanceForAccountsReceivableMember_lbl" xml:lang="en-US">Allowance for accounts receivable [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoansAndReceivablesMember" xlink:label="aval_LoansAndReceivablesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoansAndReceivablesMember" xlink:to="aval_LoansAndReceivablesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoansAndReceivablesMember_lbl" xml:lang="en-US">Loans and receivables [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoansAndReceivablesMember_lbl" xml:lang="en-US">Loans and receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AllowanceForImpairmentOnLoansAndReceivablesMember" xlink:label="aval_AllowanceForImpairmentOnLoansAndReceivablesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AllowanceForImpairmentOnLoansAndReceivablesMember" xlink:to="aval_AllowanceForImpairmentOnLoansAndReceivablesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AllowanceForImpairmentOnLoansAndReceivablesMember_lbl" xml:lang="en-US">Allowance for impairment on loans and receivables [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AllowanceForImpairmentOnLoansAndReceivablesMember_lbl" xml:lang="en-US">Allowance for impairment on loans and receivables [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AllowanceForForeclosedAssetsMember" xlink:label="aval_AllowanceForForeclosedAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AllowanceForForeclosedAssetsMember" xlink:to="aval_AllowanceForForeclosedAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AllowanceForForeclosedAssetsMember_lbl" xml:lang="en-US">Allowance for foreclosed assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AllowanceForForeclosedAssetsMember_lbl" xml:lang="en-US">Allowance for foreclosed assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DepreciationOfPropertyPlantAndEquipmentMember" xlink:label="aval_DepreciationOfPropertyPlantAndEquipmentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DepreciationOfPropertyPlantAndEquipmentMember" xlink:to="aval_DepreciationOfPropertyPlantAndEquipmentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DepreciationOfPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Depreciation of property, plant and equipment [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DepreciationOfPropertyPlantAndEquipmentMember_lbl" xml:lang="en-US">Depreciation of property, plant and equipment [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherIntangibleAssetsMember" xlink:label="ifrs-full_OtherIntangibleAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIntangibleAssetsMember" xlink:to="ifrs-full_OtherIntangibleAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIntangibleAssetsMember_lbl" xml:lang="en-US">Other intangible assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RightOfUseMember" xlink:label="aval_RightOfUseMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RightOfUseMember" xlink:to="aval_RightOfUseMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RightOfUseMember_lbl" xml:lang="en-US">Right-of-use [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RightOfUseMember_lbl" xml:lang="en-US">Right-of-use [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredChargesAndOfIntangibleAssetsMember" xlink:label="aval_DeferredChargesAndOfIntangibleAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredChargesAndOfIntangibleAssetsMember" xlink:to="aval_DeferredChargesAndOfIntangibleAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredChargesAndOfIntangibleAssetsMember_lbl" xml:lang="en-US">Deferred charges and of intangible assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredChargesAndOfIntangibleAssetsMember_lbl" xml:lang="en-US">Deferred charges and of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TaxLossesCarryForwardMember" xlink:label="aval_TaxLossesCarryForwardMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TaxLossesCarryForwardMember" xlink:to="aval_TaxLossesCarryForwardMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TaxLossesCarryForwardMember_lbl" xml:lang="en-US">Tax losses carry forward [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SurplusOfPresumptiveIncomeMember" xlink:label="aval_SurplusOfPresumptiveIncomeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SurplusOfPresumptiveIncomeMember" xlink:to="aval_SurplusOfPresumptiveIncomeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SurplusOfPresumptiveIncomeMember_lbl" xml:lang="en-US">Surplus of presumptive income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProvisionsMember" xlink:label="aval_ProvisionsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProvisionsMember" xlink:to="aval_ProvisionsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProvisionsMember_lbl" xml:lang="en-US">Provisions [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProvisionsMember_lbl" xml:lang="en-US">Provisions [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EmployeeBenefitsLiabilityMember" xlink:label="aval_EmployeeBenefitsLiabilityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EmployeeBenefitsLiabilityMember" xlink:to="aval_EmployeeBenefitsLiabilityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EmployeeBenefitsLiabilityMember_lbl" xml:lang="en-US">Employee benefits, liability [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EmployeeBenefitsLiabilityMember_lbl" xml:lang="en-US">Employee benefits, liability [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodwillMember" xlink:label="ifrs-full_GoodwillMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodwillMember" xlink:to="ifrs-full_GoodwillMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodwillMember_lbl" xml:lang="en-US">Goodwill [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredIncomeMember" xlink:label="aval_DeferredIncomeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredIncomeMember" xlink:to="aval_DeferredIncomeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredIncomeMember_lbl" xml:lang="en-US">Deferred income [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsInConcessionArrangementMember" xlink:label="aval_FinancialAssetsInConcessionArrangementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsInConcessionArrangementMember" xlink:to="aval_FinancialAssetsInConcessionArrangementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsInConcessionArrangementMember_lbl" xml:lang="en-US">Financial assets in concession arrangements.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsInConcessionArrangementMember_lbl" xml:lang="en-US">Financial Assets In Concession Arrangement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IntangibleAssetsInConcessionArrangementsMember" xlink:label="aval_IntangibleAssetsInConcessionArrangementsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IntangibleAssetsInConcessionArrangementsMember" xlink:to="aval_IntangibleAssetsInConcessionArrangementsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IntangibleAssetsInConcessionArrangementsMember_lbl" xml:lang="en-US">Intangible assets in concession arrangements</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IntangibleAssetsInConcessionArrangementsMember_lbl" xml:lang="en-US">Intangible Assets In Concession Arrangements [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LeaseAgreementMember" xlink:label="aval_LeaseAgreementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LeaseAgreementMember" xlink:to="aval_LeaseAgreementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LeaseAgreementMember_lbl" xml:lang="en-US">Lease agreement [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeignCurrencyBondsMember" xlink:label="aval_ForeignCurrencyBondsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeignCurrencyBondsMember" xlink:to="aval_ForeignCurrencyBondsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForeignCurrencyBondsMember_lbl" xml:lang="en-US">Foreign currency bonds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeignCurrencyBondsMember_lbl" xml:lang="en-US">Foreign currency bonds [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeignCurrencyFinancialLiabilitiesMember" xlink:label="aval_ForeignCurrencyFinancialLiabilitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeignCurrencyFinancialLiabilitiesMember" xlink:to="aval_ForeignCurrencyFinancialLiabilitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ForeignCurrencyFinancialLiabilitiesMember_lbl" xml:lang="en-US">Foreign currency financial liabilities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeignCurrencyFinancialLiabilitiesMember_lbl" xml:lang="en-US">Foreign Currency Financial Liabilities [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:label="ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract" xlink:to="ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReconciliationOfChangesInDeferredTaxLiabilityAssetAbstract_lbl" xml:lang="en-US">Reconciliation of changes in deferred tax liability (asset) [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxLiabilityAsset" xlink:label="ifrs-full_DeferredTaxLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxLiabilityAsset" xlink:to="ifrs-full_DeferredTaxLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Deferred tax liability (asset)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Deferred tax (liability) asset</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodEndLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Deferred tax (liabilities) assets at the end of the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedPeriodStartLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Deferred tax (liabilities) assets at the beginning of the period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTotalLabel" xlink:label="ifrs-full_DeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Net</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations" xlink:label="aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations" xlink:to="aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations_lbl" xml:lang="en-US">Deferred tax (liabilities) asset due to discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations_lbl" xml:lang="en-US">Deferred tax (liabilities) asset due to discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DeferredTaxLiabilitiesAssetDueToDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss" xlink:to="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Deferred tax expense (income) recognised in profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DeferredTaxExpenseIncomeRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Credited (charged) to profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax relating to components of other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Credited (charged) to OCI</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Tax (expense) income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, deferred tax liability (asset)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesDeferredTaxLiabilityAsset_lbl" xml:lang="en-US">Foreign exchange adjustments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract" xlink:to="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DeferredTaxAssetsAndLiabilitiesAbstract_lbl" xml:lang="en-US">Deferred tax assets and liabilities [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredTaxLiabilityAssetOffset" xlink:label="aval_DeferredTaxLiabilityAssetOffset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredTaxLiabilityAssetOffset" xlink:to="aval_DeferredTaxLiabilityAssetOffset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredTaxLiabilityAssetOffset_lbl" xml:lang="en-US">Deferred tax (liability) asset, offset</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredTaxLiabilityAssetOffset_lbl" xml:lang="en-US">Deferred tax (liability) asset, offset</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DeferredTaxLiabilityAssetOffset_lbl" xml:lang="en-US">Deferred tax liability (asset), net, offset</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ContinuingAndDiscontinuedOperationsContinuingOperationsMember" xlink:label="aval_ContinuingAndDiscontinuedOperationsContinuingOperationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ContinuingAndDiscontinuedOperationsContinuingOperationsMember" xlink:to="aval_ContinuingAndDiscontinuedOperationsContinuingOperationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ContinuingAndDiscontinuedOperationsContinuingOperationsMember_lbl" xml:lang="en-US">Continuing and discontinued operations, continuing operations [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ContinuingAndDiscontinuedOperationsContinuingOperationsMember_lbl" xml:lang="en-US">Continuing and discontinued operations, continuing operations [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_lbl" xml:lang="en-US">Other comprehensive income that will be reclassified to profit or loss, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossBeforeTax_lbl" xml:lang="en-US">Total other comprehensive income that will be reclassified to profit or loss, before tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillBeReclassifiedToProfitOrLossAbstract_lbl" xml:lang="en-US">Income tax relating to components of other comprehensive income that will be reclassified to profit or loss [abstract]</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainsLossesOnExchangeDifferencesOnTranslationOfForeignOperationsUnhedgedNetOfTax_lbl" xml:lang="en-US">Foreign currency translation differences for foreign operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US">Gains (losses) on financial assets measured at fair value through other comprehensive income, net of tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnFinancialAssetsMeasuredAtFairValueThroughOtherComprehensiveIncomeNetOfTax_lbl" xml:lang="en-US">Debt financial instruments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax" xlink:to="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Share of other comprehensive income of associates and joint ventures accounted for using equity method that will be reclassified to profit or loss, net of tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfOtherComprehensiveIncomeOfAssociatesAndJointVenturesAccountedForUsingEquityMethodThatWillBeReclassifiedToProfitOrLossNetOfTax_lbl" xml:lang="en-US">Investments in associates and joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty" xlink:to="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) on transfer from owner-occupied property to investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Other comprehensive income, before tax, gains (losses) on transfer from owner-occupied property to investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveIncomeBeforeTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Transfer from owner-occupied property to investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax" xlink:to="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_lbl" xml:lang="en-US">Other comprehensive income that will not be reclassified to profit or loss, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossBeforeTax_lbl" xml:lang="en-US">Total other comprehensive income that will not be reclassified to profit or loss, before tax</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract" xlink:to="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossAbstract_lbl" xml:lang="en-US">Income tax relating to components of other comprehensive income that will not be reclassified to profit or loss [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome" xlink:label="aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome" xlink:to="aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax relating to effect of moving investment properties for own use included in other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax relating to effect of moving investment properties for own use included in other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_IncomeTaxRelatingToEffectOfMovingInvestmentPropertiesForOwnUseIncludedInOtherComprehensiveIncome_lbl" xml:lang="en-US">Tax (expense) income - Transfer from owner-occupied property to investment property, deferred</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax relating to investments in equity instruments included in other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToInvestmentsInEquityInstrumentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Tax (expense) income - Unrealized gains (losses) on equity financial securities, deferred</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:label="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome" xlink:to="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Income tax relating to remeasurements of defined benefit plans included in other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_IncomeTaxRelatingToRemeasurementsOfDefinedBenefitPlansOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Tax (expense) income - Actuarial gains (losses) from defined benefit pension plans, deferred</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract" xlink:to="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ComponentsOfOtherComprehensiveIncomeThatWillNotBeReclassifiedToProfitOrLossNetOfTaxAbstract_lbl" xml:lang="en-US">Components of other comprehensive income that will not be reclassified to profit or loss, net of tax [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty" xlink:to="aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on transfer from owner-occupied property to investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on transfer from owner-occupied property to investment property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveIncomeNetOfTaxGainsLossesOnTransferFromOwnerOccupiedPropertyToInvestmentProperty_lbl" xml:lang="en-US">Transfer from owner-occupied property to investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans" xlink:to="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US">Other comprehensive income, net of tax, gains (losses) on remeasurements of defined benefit plans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeNetOfTaxGainsLossesOnRemeasurementsOfDefinedBenefitPlans_lbl" xml:lang="en-US">Actuarial gains (losses) from defined benefit pension plans</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherComprehensiveIncomeBeforeTax" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherComprehensiveIncomeBeforeTax" xlink:to="ifrs-full_OtherComprehensiveIncomeBeforeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US">Other comprehensive income, before tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_OtherComprehensiveIncomeBeforeTax_lbl" xml:lang="en-US">Total other comprehensive income, before tax</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:label="aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Current income tax relating to components of other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Current income tax relating to components of other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CurrentIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Current tax (expense) income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:label="aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome" xlink:to="aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Deferred income tax relating to components of other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Deferred income tax relating to components of other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DeferredIncomeTaxRelatingToComponentsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Deferred tax (expense) income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WithholdingsTaxOnDividendsPaidToEntities" xlink:label="aval_WithholdingsTaxOnDividendsPaidToEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WithholdingsTaxOnDividendsPaidToEntities" xlink:to="aval_WithholdingsTaxOnDividendsPaidToEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WithholdingsTaxOnDividendsPaidToEntities_lbl" xml:lang="en-US">Withholdings tax on dividends paid to entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WithholdingsTaxOnDividendsPaidToEntities_lbl" xml:lang="en-US">Withholdings tax on dividends paid to entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_WithholdingsTaxOnDividendsPaidToEntities_lbl" xml:lang="en-US">Withholdings tax on dividends paid to entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MinimumTaxRate" xlink:label="aval_MinimumTaxRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MinimumTaxRate" xlink:to="aval_MinimumTaxRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MinimumTaxRate_lbl" xml:lang="en-US">Minimum tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MinimumTaxRate_lbl" xml:lang="en-US">Minimum tax rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MinimumTaxRate_lbl" xml:lang="en-US">Minimum tax rate (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCustomerDepositsTable" xlink:label="aval_DisclosureOfCustomerDepositsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCustomerDepositsTable" xlink:to="aval_DisclosureOfCustomerDepositsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCustomerDepositsTable_lbl" xml:lang="en-US">Disclosure of customer deposits [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfCustomerDepositsLineItems" xlink:label="aval_DisclosureOfCustomerDepositsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfCustomerDepositsLineItems" xlink:to="aval_DisclosureOfCustomerDepositsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfCustomerDepositsLineItems_lbl" xml:lang="en-US">Disclosure of customer deposits [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalDemandDeposits" xlink:label="aval_TotalDemandDeposits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalDemandDeposits" xlink:to="aval_TotalDemandDeposits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalDemandDeposits_lbl" xml:lang="en-US">The amount of total balances in customers' demand deposits held by the entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalDemandDeposits_lbl" xml:lang="en-US">Total Demand Deposits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TotalDemandDeposits_lbl" xml:lang="en-US">Total demand deposits</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts" xlink:label="aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts" xlink:to="aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts_lbl" xml:lang="en-US">Customer deposits, effective interest rate, interest-bearing checking accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts_lbl" xml:lang="en-US">Customer deposits, effective interest rate, interest-bearing checking accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CustomerDepositsEffectiveInterestRateInterestBearingCheckingAccounts_lbl" xml:lang="en-US">Customer deposits, effective interest rate, interest-bearing checking accounts (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CustomerDepositsEffectiveInterestRateSavingsAccounts" xlink:label="aval_CustomerDepositsEffectiveInterestRateSavingsAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CustomerDepositsEffectiveInterestRateSavingsAccounts" xlink:to="aval_CustomerDepositsEffectiveInterestRateSavingsAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CustomerDepositsEffectiveInterestRateSavingsAccounts_lbl" xml:lang="en-US">Customer deposits, effective interest rate, savings accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CustomerDepositsEffectiveInterestRateSavingsAccounts_lbl" xml:lang="en-US">Customer deposits, effective interest rate, savings accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CustomerDepositsEffectiveInterestRateSavingsAccounts_lbl" xml:lang="en-US">Customer deposits, effective interest rate, savings accounts (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates" xlink:label="aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates" xlink:to="aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates_lbl" xml:lang="en-US">Customer deposits, effective interest rate, fixed term deposit certificates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates_lbl" xml:lang="en-US">Customer deposits, effective interest rate, fixed term deposit certificates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CustomerDepositsEffectiveInterestRateFixedTermDepositCertificates_lbl" xml:lang="en-US">Customer deposits, effective interest rate, fixed term deposit certificates (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfCustomersAxis" xlink:label="ifrs-full_TypesOfCustomersAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfCustomersAxis" xlink:to="ifrs-full_TypesOfCustomersAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfCustomersAxis_lbl" xml:lang="en-US">Types of customers [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TypesOfCustomersDomain" xlink:label="ifrs-full_TypesOfCustomersDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TypesOfCustomersDomain" xlink:to="ifrs-full_TypesOfCustomersDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TypesOfCustomersDomain_lbl" xml:lang="en-US">Types of customers [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialMember" xlink:label="aval_FinancialMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialMember" xlink:to="aval_FinancialMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialMember_lbl" xml:lang="en-US">Financial [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GovernmentAndColombianGovernmentEntitiesMember" xlink:label="aval_GovernmentAndColombianGovernmentEntitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GovernmentAndColombianGovernmentEntitiesMember" xlink:to="aval_GovernmentAndColombianGovernmentEntitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GovernmentAndColombianGovernmentEntitiesMember_lbl" xml:lang="en-US">Government and Colombian Government entities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IndividualsMember" xlink:label="aval_IndividualsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IndividualsMember" xlink:to="aval_IndividualsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IndividualsMember_lbl" xml:lang="en-US">Individuals [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAndInsuranceActivitiesMember" xlink:label="aval_FinancialAndInsuranceActivitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAndInsuranceActivitiesMember" xlink:to="aval_FinancialAndInsuranceActivitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAndInsuranceActivitiesMember_lbl" xml:lang="en-US">Represents the information pertaining to Financial and insurance activities.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAndInsuranceActivitiesMember_lbl" xml:lang="en-US">Financial And Insurance Activities [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialAndInsuranceActivitiesMember_lbl" xml:lang="en-US">Financial and insurance activities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ServicesMember" xlink:label="aval_ServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ServicesMember" xlink:to="aval_ServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ServicesMember_lbl" xml:lang="en-US">Services [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InsuranceMember" xlink:label="aval_InsuranceMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InsuranceMember" xlink:to="aval_InsuranceMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InsuranceMember_lbl" xml:lang="en-US">Insurance [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommerceMember" xlink:label="aval_CommerceMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommerceMember" xlink:to="aval_CommerceMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommerceMember_lbl" xml:lang="en-US">Commerce [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RealEstatesMember" xlink:label="aval_RealEstatesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RealEstatesMember" xlink:to="aval_RealEstatesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RealEstatesMember_lbl" xml:lang="en-US">Real estates [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ManufacturingMember" xlink:label="aval_ManufacturingMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ManufacturingMember" xlink:to="aval_ManufacturingMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ManufacturingMember_lbl" xml:lang="en-US">Manufacturing [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TransportMember" xlink:label="aval_TransportMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TransportMember" xlink:to="aval_TransportMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TransportMember_lbl" xml:lang="en-US">Transport [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AgricultureAndLivestockMember" xlink:label="aval_AgricultureAndLivestockMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AgricultureAndLivestockMember" xlink:to="aval_AgricultureAndLivestockMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AgricultureAndLivestockMember_lbl" xml:lang="en-US">Agriculture and livestock [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EducationMember" xlink:label="aval_EducationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EducationMember" xlink:to="aval_EducationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EducationMember_lbl" xml:lang="en-US">Education [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ColombianMunicipalitiesMember" xlink:label="aval_ColombianMunicipalitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ColombianMunicipalitiesMember" xlink:to="aval_ColombianMunicipalitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ColombianMunicipalitiesMember_lbl" xml:lang="en-US">Colombian municipalities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ArtisticEntertainmentAndRecreationActivitiesMember" xlink:label="aval_ArtisticEntertainmentAndRecreationActivitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ArtisticEntertainmentAndRecreationActivitiesMember" xlink:to="aval_ArtisticEntertainmentAndRecreationActivitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ArtisticEntertainmentAndRecreationActivitiesMember_lbl" xml:lang="en-US">Artistic, entertainment and recreation activities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ExploitationOfMinesAndQuarriesMember" xlink:label="aval_ExploitationOfMinesAndQuarriesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ExploitationOfMinesAndQuarriesMember" xlink:to="aval_ExploitationOfMinesAndQuarriesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ExploitationOfMinesAndQuarriesMember_lbl" xml:lang="en-US">Exploitation of mines and quarries [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ForeignGovernmentsMember" xlink:label="aval_ForeignGovernmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ForeignGovernmentsMember" xlink:to="aval_ForeignGovernmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ForeignGovernmentsMember_lbl" xml:lang="en-US">Foreign governments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TelecommunicationsMember" xlink:label="aval_TelecommunicationsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TelecommunicationsMember" xlink:to="aval_TelecommunicationsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TelecommunicationsMember_lbl" xml:lang="en-US">Telecommunications [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TourismMember" xlink:label="aval_TourismMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TourismMember" xlink:to="aval_TourismMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TourismMember_lbl" xml:lang="en-US">Tourism [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcentrationsOfDepositsPercentage" xlink:label="aval_ConcentrationsOfDepositsPercentage" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcentrationsOfDepositsPercentage" xlink:to="aval_ConcentrationsOfDepositsPercentage_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcentrationsOfDepositsPercentage_lbl" xml:lang="en-US">Deposits of each economic sector as a percentage of total deposits from customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcentrationsOfDepositsPercentage_lbl" xml:lang="en-US">Concentrations of deposits, percentage</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcentrationsOfDepositsPercentage_lbl" xml:lang="en-US">Concentrations of deposits, percentage</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsTable_lbl" xml:lang="en-US">Disclosure of detailed information about borrowings [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems" xlink:to="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDetailedInformationAboutBorrowingsLineItems_lbl" xml:lang="en-US">Disclosure of detailed information about borrowings [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OvernightFunds" xlink:label="aval_OvernightFunds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OvernightFunds" xlink:to="aval_OvernightFunds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OvernightFunds_lbl" xml:lang="en-US">Amount of overnight funds.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OvernightFunds_lbl" xml:lang="en-US">Overnight Funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_OvernightFunds_lbl" xml:lang="en-US">Overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterbankFundsPurchased" xlink:label="aval_InterbankFundsPurchased" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterbankFundsPurchased" xlink:to="aval_InterbankFundsPurchased_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterbankFundsPurchased_lbl" xml:lang="en-US">Amount of interbank funds purchased.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterbankFundsPurchased_lbl" xml:lang="en-US">Interbank Funds Purchased</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_InterbankFundsPurchased_lbl" xml:lang="en-US">Interbank funds purchased</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommitmentsToTransferOpenAndClosedRepoOperations" xlink:label="aval_CommitmentsToTransferOpenAndClosedRepoOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommitmentsToTransferOpenAndClosedRepoOperations" xlink:to="aval_CommitmentsToTransferOpenAndClosedRepoOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommitmentsToTransferOpenAndClosedRepoOperations_lbl" xml:lang="en-US">Amount of commitments to transfer open and closed repo operations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommitmentsToTransferOpenAndClosedRepoOperations_lbl" xml:lang="en-US">Commitments to Transfer Open and Closed Repo Operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommitmentsToTransferOpenAndClosedRepoOperations_lbl" xml:lang="en-US">Commitments to transfer open and closed repo operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommitmentsToTransferSimultaneousOperations" xlink:label="aval_CommitmentsToTransferSimultaneousOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommitmentsToTransferSimultaneousOperations" xlink:to="aval_CommitmentsToTransferSimultaneousOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommitmentsToTransferSimultaneousOperations_lbl" xml:lang="en-US">Amount of commitments to transfer simultaneous operations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommitmentsToTransferSimultaneousOperations_lbl" xml:lang="en-US">Commitments to Transfer Simultaneous Operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommitmentsToTransferSimultaneousOperations_lbl" xml:lang="en-US">Commitments to transfer simultaneous operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations" xlink:label="aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations" xlink:to="aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations_lbl" xml:lang="en-US">Amount of commitments originated in short positions simultaneous operations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations_lbl" xml:lang="en-US">Commitments Originated in Short Positions Simultaneous Operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommitmentsOriginatedInShortPositionsSimultaneousOperations_lbl" xml:lang="en-US">Commitments originated in short positions simultaneous operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TemporarySecuritiesTransferOperations" xlink:label="aval_TemporarySecuritiesTransferOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TemporarySecuritiesTransferOperations" xlink:to="aval_TemporarySecuritiesTransferOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TemporarySecuritiesTransferOperations_lbl" xml:lang="en-US">Temporary securities transfer operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TemporarySecuritiesTransferOperations_lbl" xml:lang="en-US">Temporary securities transfer operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TemporarySecuritiesTransferOperations_lbl" xml:lang="en-US">Temporary securities transfer operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterbankFunds" xlink:label="aval_InterbankFunds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterbankFunds" xlink:to="aval_InterbankFunds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterbankFunds_lbl" xml:lang="en-US">Amount of total interbank funds.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterbankFunds_lbl" xml:lang="en-US">Interbank Funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_InterbankFunds_lbl" xml:lang="en-US">Total interbank funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsAndOvernightFunds" xlink:label="aval_BorrowingsAndOvernightFunds" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsAndOvernightFunds" xlink:to="aval_BorrowingsAndOvernightFunds_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsAndOvernightFunds_lbl" xml:lang="en-US">Borrowings and overnight funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsAndOvernightFunds_lbl" xml:lang="en-US">Borrowings and overnight funds</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_BorrowingsAndOvernightFunds_lbl" xml:lang="en-US">Total interbank borrowings and overnight funds</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInformationAboutInterbankBorrowingsAndOvernightFundsAbstract" xlink:label="aval_DisclosureOfInformationAboutInterbankBorrowingsAndOvernightFundsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfInformationAboutInterbankBorrowingsAndOvernightFundsAbstract" xlink:to="aval_DisclosureOfInformationAboutInterbankBorrowingsAndOvernightFundsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfInformationAboutInterbankBorrowingsAndOvernightFundsAbstract_lbl" xml:lang="en-US">Disclosure of information about interbank borrowings and overnight funds [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInformationAboutInterbankBorrowingsAndOvernightFundsAbstract_lbl" xml:lang="en-US">Disclosure of information about interbank borrowings and overnight funds [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialObligationsSimultaneousAndRepoOperations" xlink:label="aval_FinancialObligationsSimultaneousAndRepoOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialObligationsSimultaneousAndRepoOperations" xlink:to="aval_FinancialObligationsSimultaneousAndRepoOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialObligationsSimultaneousAndRepoOperations_lbl" xml:lang="en-US">Amount of financial obligations associated with simultaneous and repo operation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialObligationsSimultaneousAndRepoOperations_lbl" xml:lang="en-US">Financial Obligations, Simultaneous and Repo Operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialObligationsSimultaneousAndRepoOperations_lbl" xml:lang="en-US">Simultaneous and repo operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GuaranteedWithInvestments" xlink:label="aval_GuaranteedWithInvestments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GuaranteedWithInvestments" xlink:to="aval_GuaranteedWithInvestments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GuaranteedWithInvestments_lbl" xml:lang="en-US">Amount of guaranteed with investments.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GuaranteedWithInvestments_lbl" xml:lang="en-US">Guaranteed with Investments</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancieraDeDesarrolloTerritorialFindeterMember" xlink:label="aval_FinancieraDeDesarrolloTerritorialFindeterMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancieraDeDesarrolloTerritorialFindeterMember" xlink:to="aval_FinancieraDeDesarrolloTerritorialFindeterMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancieraDeDesarrolloTerritorialFindeterMember_lbl" xml:lang="en-US">Financiera de Desarrollo Territorial, FINDETER [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancieraDeDesarrolloTerritorialFindeterMember_lbl" xml:lang="en-US">Financiera de Desarrollo Territorial, FINDETER [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancieraDeDesarrolloTerritorialFindeterMember_lbl" xml:lang="en-US">Financiera de Desarrollo Territorial "FINDETER"</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember" xlink:label="aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember" xlink:to="aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember_lbl" xml:lang="en-US">Fondo para el Financiamiento del Sector Agropecuario - FINAGRO [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember_lbl" xml:lang="en-US">Fondo para el Financiamiento del Sector Agropecuario - FINAGRO [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FondoParaElFinanciamientoDelSectorAgropecuarioFinagroMember_lbl" xml:lang="en-US">Fondo para el Financiamiento del Sector Agropecuario - "FINAGRO"</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeComercioExteriorBancoldexMember" xlink:label="aval_BancoDeComercioExteriorBancoldexMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeComercioExteriorBancoldexMember" xlink:to="aval_BancoDeComercioExteriorBancoldexMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeComercioExteriorBancoldexMember_lbl" xml:lang="en-US">Banco de Comercio Exterior - BANCOLDEX [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeComercioExteriorBancoldexMember_lbl" xml:lang="en-US">Banco de Comercio Exterior - BANCOLDEX [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BancoDeComercioExteriorBancoldexMember_lbl" xml:lang="en-US">Banco de Comercio Exterior - "BANCOLDEX"</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsFromBanksAndOthersBorrowings" xlink:label="aval_BorrowingsFromBanksAndOthersBorrowings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsFromBanksAndOthersBorrowings" xlink:to="aval_BorrowingsFromBanksAndOthersBorrowings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsFromBanksAndOthersBorrowings_lbl" xml:lang="en-US">Borrowings from banks and others, borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsFromBanksAndOthersBorrowings_lbl" xml:lang="en-US">Borrowings from banks and others, borrowings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BorrowingsFromBanksAndOthersBorrowings_lbl" xml:lang="en-US">Borrowings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseLiabilities" xlink:label="ifrs-full_LeaseLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilities" xlink:to="ifrs-full_LeaseLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseLiabilities_lbl" xml:lang="en-US">Lease liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/positiveLabel" xlink:label="ifrs-full_LeaseLiabilities_lbl" xml:lang="en-US">Leases contracts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsFromAndeanDevelopmentCorporation" xlink:label="aval_BorrowingsFromAndeanDevelopmentCorporation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsFromAndeanDevelopmentCorporation" xlink:to="aval_BorrowingsFromAndeanDevelopmentCorporation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsFromAndeanDevelopmentCorporation_lbl" xml:lang="en-US">Borrowings from Andean Development Corporation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsFromAndeanDevelopmentCorporation_lbl" xml:lang="en-US">Borrowings from Andean Development Corporation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BorrowingsFromAndeanDevelopmentCorporation_lbl" xml:lang="en-US">Andean Development Corporation (Corporacion Andina de Fomento)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsFromBanksAndOthersDevelopmentEntities" xlink:label="aval_BorrowingsFromBanksAndOthersDevelopmentEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsFromBanksAndOthersDevelopmentEntities" xlink:to="aval_BorrowingsFromBanksAndOthersDevelopmentEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsFromBanksAndOthersDevelopmentEntities_lbl" xml:lang="en-US">Borrowings from banks and others, development entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsFromBanksAndOthersDevelopmentEntities_lbl" xml:lang="en-US">Borrowings from banks and others, development entities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LettersOfCredit" xlink:label="aval_LettersOfCredit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LettersOfCredit" xlink:to="aval_LettersOfCredit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LettersOfCredit_lbl" xml:lang="en-US">The carrying value as of the balance sheet date of the current and noncurrent portions of long-term obligations drawn from a line of credit, which is a bank's commitment to make loans up to a specific amount.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LettersOfCredit_lbl" xml:lang="en-US">Letters of Credit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BankersAcceptances" xlink:label="aval_BankersAcceptances" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BankersAcceptances" xlink:to="aval_BankersAcceptances_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BankersAcceptances_lbl" xml:lang="en-US">The amount of the financial institution's obligation to pay the holder of the customer's draft which the financial institution has guaranteed (i.e., Banker's Acceptance).</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BankersAcceptances_lbl" xml:lang="en-US">Bankers' Acceptances</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BankersAcceptances_lbl" xml:lang="en-US">Bankers Acceptances</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFinancialLiabilities" xlink:label="ifrs-full_OtherFinancialLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinancialLiabilities" xlink:to="ifrs-full_OtherFinancialLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US">Other financial liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFinancialLiabilities_lbl" xml:lang="en-US">Other financial obligations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfInformationAboutBorrowingsFromBanksAndOthersAbstract" xlink:label="aval_DisclosureOfInformationAboutBorrowingsFromBanksAndOthersAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfInformationAboutBorrowingsFromBanksAndOthersAbstract" xlink:to="aval_DisclosureOfInformationAboutBorrowingsFromBanksAndOthersAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfInformationAboutBorrowingsFromBanksAndOthersAbstract_lbl" xml:lang="en-US">Disclosure of information about borrowings from banks and others [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfInformationAboutBorrowingsFromBanksAndOthersAbstract_lbl" xml:lang="en-US">Disclosure of information about borrowings from banks and others [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsFromBanksAndOthersNoncurrent" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsFromBanksAndOthersNoncurrent" xlink:to="aval_BorrowingsFromBanksAndOthersNoncurrent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrent_lbl" xml:lang="en-US">Borrowings from banks and others, noncurrent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrent_lbl" xml:lang="en-US">Borrowings from banks and others, noncurrent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrent_lbl" xml:lang="en-US">Borrowings from banks and others due over 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities" xlink:to="aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities_lbl" xml:lang="en-US">Borrowings from banks and others, noncurrent, development entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities_lbl" xml:lang="en-US">Borrowings from banks and others, noncurrent, development entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BorrowingsFromBanksAndOthersNoncurrentDevelopmentEntities_lbl" xml:lang="en-US">Borrowings from development entities due over 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfDetailedInformationAboutBorrowingExplanatoryAbstract" xlink:label="aval_DisclosureOfDetailedInformationAboutBorrowingExplanatoryAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfDetailedInformationAboutBorrowingExplanatoryAbstract" xlink:to="aval_DisclosureOfDetailedInformationAboutBorrowingExplanatoryAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfDetailedInformationAboutBorrowingExplanatoryAbstract_lbl" xml:lang="en-US">Disclosure of detailed information about borrowing explanatory [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember" xlink:label="aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember" xlink:to="aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember_lbl" xml:lang="en-US">Banco de Bogota S.A. and Multi Financial Group Inc. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember_lbl" xml:lang="en-US">Banco de Bogota SA and Multi Financial Group Inc [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BancoDeBogotaSaAndMultiFinancialGroupIncMember_lbl" xml:lang="en-US">Banco de Bogota S.A. and MFH</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoDeBogotaSaUnderRule144aMember" xlink:label="aval_BancoDeBogotaSaUnderRule144aMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoDeBogotaSaUnderRule144aMember" xlink:to="aval_BancoDeBogotaSaUnderRule144aMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoDeBogotaSaUnderRule144aMember_lbl" xml:lang="en-US">Banco De Bogota S.A. under Rule 144A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoDeBogotaSaUnderRule144aMember_lbl" xml:lang="en-US">Banco De Bogota SA under Rule 144A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BancoDeBogotaSaUnderRule144aMember_lbl" xml:lang="en-US">Banco de Bogota S.A. Under rule 144A</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PromigasS.a.AndGasesDelPacficoS.a.c.UnderRule144a.Member" xlink:label="aval_PromigasS.a.AndGasesDelPacficoS.a.c.UnderRule144a.Member" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PromigasS.a.AndGasesDelPacficoS.a.c.UnderRule144a.Member" xlink:to="aval_PromigasS.a.AndGasesDelPacficoS.a.c.UnderRule144a.Member_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PromigasS.a.AndGasesDelPacficoS.a.c.UnderRule144a.Member_lbl" xml:lang="en-US">Represents information pertaining to Promigas S.A. and Gases del Pacfico S.A.C. Under rule 144A.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PromigasS.a.AndGasesDelPacficoS.a.c.UnderRule144a.Member_lbl" xml:lang="en-US">Promigas S.A. and Gases del Pacfico S.A.C. Under rule 144A.</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ConsolidatedEntitiesAxis" xlink:label="srt_ConsolidatedEntitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesAxis" xlink:to="srt_ConsolidatedEntitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidatedEntitiesAxis_lbl" xml:lang="en-US">Consolidated Entities [Axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ConsolidatedEntitiesDomain" xlink:label="srt_ConsolidatedEntitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ConsolidatedEntitiesDomain" xlink:to="srt_ConsolidatedEntitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ConsolidatedEntitiesDomain_lbl" xml:lang="en-US">Consolidated Entities [Domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_ParentCompanyMember" xlink:label="srt_ParentCompanyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_ParentCompanyMember" xlink:to="srt_ParentCompanyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_ParentCompanyMember_lbl" xml:lang="en-US">Parent Company [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CpiMember" xlink:label="aval_CpiMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CpiMember" xlink:to="aval_CpiMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CpiMember_lbl" xml:lang="en-US">CPI [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CpiMember_lbl" xml:lang="en-US">CPI [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IbrMember" xlink:label="aval_IbrMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IbrMember" xlink:to="aval_IbrMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IbrMember_lbl" xml:lang="en-US">Interest rate at which a bank borrows funds from other banks in the Inters Bancario de Referencia.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IbrMember_lbl" xml:lang="en-US">IBR [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember" xlink:label="aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember" xlink:to="aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xml:lang="en-US">Six Month Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xml:lang="en-US">Six Month Secured Overnight Financing Rate (SOFR) Overnight Index Swap Rate [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SixMonthSecuredOvernightFinancingRateSofrOvernightIndexSwapRateMember_lbl" xml:lang="en-US">SOFR6</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BorrowingsIssuedDate" xlink:label="aval_BorrowingsIssuedDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BorrowingsIssuedDate" xlink:to="aval_BorrowingsIssuedDate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BorrowingsIssuedDate_lbl" xml:lang="en-US">The issued date of borrowings.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BorrowingsIssuedDate_lbl" xml:lang="en-US">Borrowings, Issued Date</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_BorrowingsIssuedDate_lbl" xml:lang="en-US">Issue Date</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_BorrowingsAdjustmentToInterestRateBasis" xlink:to="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xml:lang="en-US">Borrowings, adjustment to interest rate basis</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_BorrowingsAdjustmentToInterestRateBasis_lbl" xml:lang="en-US">Borrowing rate interest rate basis</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued" xlink:label="ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued" xlink:to="ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued_lbl" xml:lang="en-US">Current bonds issued and current portion of non-current bonds issued</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentBondsIssuedAndCurrentPortionOfNoncurrentBondsIssued_lbl" xml:lang="en-US">Bonds issued, current</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TrmVariationYearOverYear" xlink:label="aval_TrmVariationYearOverYear" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TrmVariationYearOverYear" xlink:to="aval_TrmVariationYearOverYear_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TrmVariationYearOverYear_lbl" xml:lang="en-US">TRM variation year over year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TrmVariationYearOverYear_lbl" xml:lang="en-US">TRM variation year over year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TrmVariationYearOverYear_lbl" xml:lang="en-US">TRM variation year over year</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfFinancialObligationsFromIssuedBondsAbstract" xlink:label="aval_DisclosureOfFinancialObligationsFromIssuedBondsAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfFinancialObligationsFromIssuedBondsAbstract" xlink:to="aval_DisclosureOfFinancialObligationsFromIssuedBondsAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DisclosureOfFinancialObligationsFromIssuedBondsAbstract_lbl" xml:lang="en-US">Disclosure of financial obligations from issued bonds [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfFinancialObligationsFromIssuedBondsAbstract_lbl" xml:lang="en-US">Disclosure of financial obligations from issued bonds [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued" xlink:to="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued_lbl" xml:lang="en-US">Non-current portion of non-current bonds issued</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NoncurrentPortionOfNoncurrentBondsIssued_lbl" xml:lang="en-US">The amount of issued bonds due over 12 months</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DividendsPayableMember" xlink:label="aval_DividendsPayableMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DividendsPayableMember" xlink:to="aval_DividendsPayableMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DividendsPayableMember_lbl" xml:lang="en-US">Represents information pertaining to dividends payable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DividendsPayableMember_lbl" xml:lang="en-US">Dividends Payable [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BondsIssuedMember" xlink:label="aval_BondsIssuedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BondsIssuedMember" xlink:to="aval_BondsIssuedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BondsIssuedMember_lbl" xml:lang="en-US">Represents information pertaining to bonds issued.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BondsIssuedMember_lbl" xml:lang="en-US">Bonds issued [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LeaseLiabilitiesMember" xlink:label="ifrs-full_LeaseLiabilitiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LeaseLiabilitiesMember" xlink:to="ifrs-full_LeaseLiabilitiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LeaseLiabilitiesMember_lbl" xml:lang="en-US">Lease liabilities [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AnalysisOfChangesInFinancingLiabilitiesBalance" xlink:label="aval_AnalysisOfChangesInFinancingLiabilitiesBalance" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AnalysisOfChangesInFinancingLiabilitiesBalance" xlink:to="aval_AnalysisOfChangesInFinancingLiabilitiesBalance_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AnalysisOfChangesInFinancingLiabilitiesBalance_lbl" xml:lang="en-US">The amount of liabilities representing analysis of changes in financing</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AnalysisOfChangesInFinancingLiabilitiesBalance_lbl" xml:lang="en-US">Analysis Of Changes In Financing, Liabilities Balance</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="aval_AnalysisOfChangesInFinancingLiabilitiesBalance_lbl" xml:lang="en-US">Balance at end of period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="aval_AnalysisOfChangesInFinancingLiabilitiesBalance_lbl" xml:lang="en-US">Balance at beginning of period</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities" xlink:label="aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities" xlink:to="aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities_lbl" xml:lang="en-US">Proceeds from issue of bonds, notes and debentures, excluding interest issuance of debt securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities_lbl" xml:lang="en-US">Proceeds from issue of bonds, notes and debentures, excluding interest issuance of debt securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_ProceedsFromIssueOfBondsNotesAndDebenturesExcludingInterestIssuanceOfDebtSecurities_lbl" xml:lang="en-US">Issuance of debt securities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdjustmentsForEquityTransactions" xlink:label="aval_AdjustmentsForEquityTransactions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdjustmentsForEquityTransactions" xlink:to="aval_AdjustmentsForEquityTransactions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdjustmentsForEquityTransactions_lbl" xml:lang="en-US">The amount of adjustments for equity transactions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdjustmentsForEquityTransactions_lbl" xml:lang="en-US">Adjustments For Equity Transactions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdjustmentsForEquityTransactions_lbl" xml:lang="en-US">Equity transaction</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation" xlink:label="aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation" xlink:to="aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation_lbl" xml:lang="en-US">Increase (decrease) in financial liabilities disposal group discontinued operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation_lbl" xml:lang="en-US">Increase (Decrease) In Financial Liabilities, Disposal Group, Discontinued Operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseInFinancialLiabilitiesDisposalGroupDiscontinuedOperation_lbl" xml:lang="en-US">Discontinued operation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsForInterestExpense" xlink:label="ifrs-full_AdjustmentsForInterestExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsForInterestExpense" xlink:to="ifrs-full_AdjustmentsForInterestExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsForInterestExpense_lbl" xml:lang="en-US">Adjustments for interest expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdjustmentsForInterestExpense_lbl" xml:lang="en-US">Accrued interest</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities" xlink:label="aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities" xlink:to="aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid, dividends payable, bonds issued, and leases, classified as operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid, dividends payable, bonds issued, and leases, classified as operating activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InterestPaidDividendsPayableBondsIssuedAndLeasesClassifiedAsOperatingActivities_lbl" xml:lang="en-US">Interest paid</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation" xlink:label="aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation" xlink:to="aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation_lbl" xml:lang="en-US">Increase (decrease) in liabilities disposal group discontinued operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation_lbl" xml:lang="en-US">Increase (Decrease) In Liabilities, Disposal Group, Discontinued Operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseInLiabilitiesDisposalGroupDiscontinuedOperation_lbl" xml:lang="en-US">Discontinued operation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities" xlink:to="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Increase (decrease) through effect of changes in foreign exchange rates, liabilities arising from financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughEffectOfChangesInForeignExchangeRatesLiabilitiesArisingFromFinancingActivities_lbl" xml:lang="en-US">Effects of changes in foreign exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities" xlink:label="aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities" xlink:to="aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities_lbl" xml:lang="en-US">Dividends recognised as distributions to owners, financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities_lbl" xml:lang="en-US">Dividends recognised as distributions to owners, financing activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DividendsRecognisedAsDistributionsToOwnersFinancingActivities_lbl" xml:lang="en-US">Dividends declared</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherAdjustmentsForNoncashItems" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherAdjustmentsForNoncashItems" xlink:to="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Other adjustments for non-cash items</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherAdjustmentsForNoncashItems_lbl" xml:lang="en-US">Other changes</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalLiabilitiesRelatedToOtherChanges" xlink:label="aval_TotalLiabilitiesRelatedToOtherChanges" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalLiabilitiesRelatedToOtherChanges" xlink:to="aval_TotalLiabilitiesRelatedToOtherChanges_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalLiabilitiesRelatedToOtherChanges_lbl" xml:lang="en-US">The amount of total liabilities related to other changes.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalLiabilitiesRelatedToOtherChanges_lbl" xml:lang="en-US">Total Liabilities Related To Other Changes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TotalLiabilitiesRelatedToOtherChanges_lbl" xml:lang="en-US">Total liabilities related to other changes</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalEquityRelatedToOtherChanges" xlink:label="aval_TotalEquityRelatedToOtherChanges" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalEquityRelatedToOtherChanges" xlink:to="aval_TotalEquityRelatedToOtherChanges_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalEquityRelatedToOtherChanges_lbl" xml:lang="en-US">The amount of total equity related to other changes.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalEquityRelatedToOtherChanges_lbl" xml:lang="en-US">Total Equity Related To Other Changes</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_TotalEquityRelatedToOtherChanges_lbl" xml:lang="en-US">Total equity related to other changes</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsTable" xlink:label="ifrs-full_DisclosureOfOtherProvisionsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsTable" xlink:to="ifrs-full_DisclosureOfOtherProvisionsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsTable_lbl" xml:lang="en-US">Disclosure of other provisions [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfProvisionsAxis" xlink:label="ifrs-full_ClassesOfProvisionsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfProvisionsAxis" xlink:to="ifrs-full_ClassesOfProvisionsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfProvisionsAxis_lbl" xml:lang="en-US">Classes of other provisions [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfOtherProvisionsDomain" xlink:label="ifrs-full_ClassesOfOtherProvisionsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfOtherProvisionsDomain" xlink:to="ifrs-full_ClassesOfOtherProvisionsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfOtherProvisionsDomain_lbl" xml:lang="en-US">Classes of other provisions [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LegalProceedingsProvisionMember" xlink:label="ifrs-full_LegalProceedingsProvisionMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LegalProceedingsProvisionMember" xlink:to="ifrs-full_LegalProceedingsProvisionMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LegalProceedingsProvisionMember_lbl" xml:lang="en-US">Legal proceedings provision [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherProvisionsMember" xlink:label="ifrs-full_MiscellaneousOtherProvisionsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherProvisionsMember" xlink:to="ifrs-full_MiscellaneousOtherProvisionsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MiscellaneousOtherProvisionsMember_lbl" xml:lang="en-US">Miscellaneous other provisions [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:label="ifrs-full_DisclosureOfOtherProvisionsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOtherProvisionsLineItems" xlink:to="ifrs-full_DisclosureOfOtherProvisionsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOtherProvisionsLineItems_lbl" xml:lang="en-US">Disclosure of other provisions [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdditionalProvisionsOtherProvisions" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdditionalProvisionsOtherProvisions" xlink:to="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" xml:lang="en-US">Additional provisions, other provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AdditionalProvisionsOtherProvisions_lbl" xml:lang="en-US">Provisions made during the year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionUsedOtherProvisions" xlink:label="ifrs-full_ProvisionUsedOtherProvisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionUsedOtherProvisions" xlink:to="ifrs-full_ProvisionUsedOtherProvisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionUsedOtherProvisions_lbl" xml:lang="en-US">Provision used, other provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ProvisionUsedOtherProvisions_lbl" xml:lang="en-US">Provisions used during the year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:label="ifrs-full_UnusedProvisionReversedOtherProvisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_UnusedProvisionReversedOtherProvisions" xlink:to="ifrs-full_UnusedProvisionReversedOtherProvisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_UnusedProvisionReversedOtherProvisions_lbl" xml:lang="en-US">Unused provision reversed, other provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_UnusedProvisionReversedOtherProvisions_lbl" xml:lang="en-US">Provisions reversed during the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_UnusedProvisionReversedOtherProvisions_lbl" xml:lang="en-US">Provisions reversed during the year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions" xlink:to="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_lbl" xml:lang="en-US">Increase (decrease) through net exchange differences, other provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughNetExchangeDifferencesOtherProvisions_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions" xlink:label="aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions" xlink:to="aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions_lbl" xml:lang="en-US">Reclassification by Spin Off and De- Consolidation, Other Provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions_lbl" xml:lang="en-US">Reclassification by Spin Off and De- Consolidation, Other Provisions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_ReclassificationBySpinOffAndDeConsolidationOtherProvisions_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations" xlink:label="aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations" xlink:to="aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations_lbl" xml:lang="en-US">Increase (decrease) through other provisions, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations_lbl" xml:lang="en-US">Increase (decrease) through other provisions, discontinued operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughOtherProvisionsDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdministrativeProceedingsMember" xlink:label="aval_AdministrativeProceedingsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdministrativeProceedingsMember" xlink:to="aval_AdministrativeProceedingsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdministrativeProceedingsMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdministrativeProceedingsMember_lbl" xml:lang="en-US">Administrative proceedings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaborProceedingsMember" xlink:label="aval_LaborProceedingsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaborProceedingsMember" xlink:to="aval_LaborProceedingsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaborProceedingsMember_lbl" xml:lang="en-US">Labor proceedings [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaborProceedingsMember_lbl" xml:lang="en-US">Labor proceedings [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LaborProceedingsMember_lbl" xml:lang="en-US">Labor proceedings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProvisionForRecognitionOfAdditionalCostsMember" xlink:label="aval_ProvisionForRecognitionOfAdditionalCostsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProvisionForRecognitionOfAdditionalCostsMember" xlink:to="aval_ProvisionForRecognitionOfAdditionalCostsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProvisionForRecognitionOfAdditionalCostsMember_lbl" xml:lang="en-US">Represents information pertaining to provision for recognition of additional costs.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProvisionForRecognitionOfAdditionalCostsMember_lbl" xml:lang="en-US">Provision for recognition of additional costs</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember" xlink:to="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionForDecommissioningRestorationAndRehabilitationCostsMember_lbl" xml:lang="en-US">Provision for decommissioning, restoration and rehabilitation costs [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProvisionForCreditCommitmentsMember" xlink:label="ifrs-full_ProvisionForCreditCommitmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProvisionForCreditCommitmentsMember" xlink:to="ifrs-full_ProvisionForCreditCommitmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProvisionForCreditCommitmentsMember_lbl" xml:lang="en-US">Provision for credit commitments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProvisionsForAdministrativeProceedings" xlink:label="aval_ProvisionsForAdministrativeProceedings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProvisionsForAdministrativeProceedings" xlink:to="aval_ProvisionsForAdministrativeProceedings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProvisionsForAdministrativeProceedings_lbl" xml:lang="en-US">The amount of provisions for administrative proceedings.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProvisionsForAdministrativeProceedings_lbl" xml:lang="en-US">Provisions For Administrative Proceedings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ProvisionsForAdministrativeProceedings_lbl" xml:lang="en-US">Provisions for administrative proceedings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDefinedBenefitPlansTable" xlink:to="ifrs-full_DisclosureOfDefinedBenefitPlansTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansTable_lbl" xml:lang="en-US">Disclosure of defined benefit plans [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitPlansAxis" xlink:label="ifrs-full_DefinedBenefitPlansAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansAxis" xlink:to="ifrs-full_DefinedBenefitPlansAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansAxis_lbl" xml:lang="en-US">Defined benefit plans [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DefinedBenefitPlansDomain" xlink:label="ifrs-full_DefinedBenefitPlansDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DefinedBenefitPlansDomain" xlink:to="ifrs-full_DefinedBenefitPlansDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DefinedBenefitPlansDomain_lbl" xml:lang="en-US">Defined benefit plans [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ShortTermBenefitsMember" xlink:label="aval_ShortTermBenefitsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ShortTermBenefitsMember" xlink:to="aval_ShortTermBenefitsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ShortTermBenefitsMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ShortTermBenefitsMember_lbl" xml:lang="en-US">Short Term Benefits [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ShortTermBenefitsMember_lbl" xml:lang="en-US">Short term</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PostemploymentbenefitsMember" xlink:label="aval_PostemploymentbenefitsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PostemploymentbenefitsMember" xlink:to="aval_PostemploymentbenefitsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PostemploymentbenefitsMember_lbl" xml:lang="en-US">Post employment benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PostemploymentbenefitsMember_lbl" xml:lang="en-US">Post-Employment benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PostemploymentbenefitsMember_lbl" xml:lang="en-US">Post-employment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LongtermbenefitsMember" xlink:label="aval_LongtermbenefitsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LongtermbenefitsMember" xlink:to="aval_LongtermbenefitsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LongtermbenefitsMember_lbl" xml:lang="en-US">Longterm benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LongtermbenefitsMember_lbl" xml:lang="en-US">Long-Term Benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LongtermbenefitsMember_lbl" xml:lang="en-US">Long term</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems" xlink:to="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDefinedBenefitPlansLineItems_lbl" xml:lang="en-US">Disclosure of defined benefit plans [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrossEmployeeBenefits" xlink:label="aval_GrossEmployeeBenefits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrossEmployeeBenefits" xlink:to="aval_GrossEmployeeBenefits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrossEmployeeBenefits_lbl" xml:lang="en-US">The amount of gross deficit in a defined benefit plan.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrossEmployeeBenefits_lbl" xml:lang="en-US">Gross Employee Benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrossEmployeeBenefits_lbl" xml:lang="en-US">Gross employee benefits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsOfBenefitPlan" xlink:label="ifrs-full_AssetsOfBenefitPlan" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsOfBenefitPlan" xlink:to="ifrs-full_AssetsOfBenefitPlan_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsOfBenefitPlan_lbl" xml:lang="en-US">Assets of benefit plan</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AssetsOfBenefitPlan_lbl" xml:lang="en-US">Plan Asset</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans" xlink:to="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" xml:lang="en-US">Post-employment benefit expense, defined contribution plans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedContributionPlans_lbl" xml:lang="en-US">Defined contribution plan</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans" xlink:to="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US">Post-employment benefit expense in profit or loss, defined benefit plans</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseDefinedBenefitPlans_lbl" xml:lang="en-US">Defined benefit plan</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:label="ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss" xlink:to="ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss_lbl" xml:lang="en-US">Post-employment benefit expense in profit or loss</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_PostemploymentBenefitExpenseInProfitOrLoss_lbl" xml:lang="en-US">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable" xlink:to="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetTable_lbl" xml:lang="en-US">Disclosure of net defined benefit liability (asset) [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDefinedBenefitLiabilityAssetAxis" xlink:to="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetAxis_lbl" xml:lang="en-US">Net defined benefit liability (asset) [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NetDefinedBenefitLiabilityAssetDomain" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NetDefinedBenefitLiabilityAssetDomain" xlink:to="ifrs-full_NetDefinedBenefitLiabilityAssetDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NetDefinedBenefitLiabilityAssetDomain_lbl" xml:lang="en-US">Net defined benefit liability (asset) [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PresentValueOfDefinedBenefitObligationMember" xlink:to="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PresentValueOfDefinedBenefitObligationMember_lbl" xml:lang="en-US">Present value of defined benefit obligation [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PlanAssetsMember" xlink:label="ifrs-full_PlanAssetsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PlanAssetsMember" xlink:to="ifrs-full_PlanAssetsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PlanAssetsMember_lbl" xml:lang="en-US">Plan assets [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems" xlink:to="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNetDefinedBenefitLiabilityAssetLineItems_lbl" xml:lang="en-US">Disclosure of net defined benefit liability (asset) [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LiabilityAssetOfDefinedBenefitPlans" xlink:to="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US">Net defined benefit liability (asset)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodEndLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US">Balance at the end of the year</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/periodStartLabel" xlink:label="ifrs-full_LiabilityAssetOfDefinedBenefitPlans_lbl" xml:lang="en-US">Balance at the beginning of the year</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Increase in net defined benefit liability (asset) resulting from current service cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_CurrentServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Service costs</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Increase (decrease) in net defined benefit liability (asset) resulting from interest expense (income)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_InterestExpenseIncomeNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Interests cost</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Increase (decrease) in net defined benefit liability (asset) resulting from past service cost</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PastServiceCostNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Past Service Costs</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NetDefinedBenefitLiabilityAssetAfterAdjustment" xlink:label="aval_NetDefinedBenefitLiabilityAssetAfterAdjustment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NetDefinedBenefitLiabilityAssetAfterAdjustment" xlink:to="aval_NetDefinedBenefitLiabilityAssetAfterAdjustment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NetDefinedBenefitLiabilityAssetAfterAdjustment_lbl" xml:lang="en-US">The adjusted amount of deficit or surplus in a defined benefit plan, after interest and service cost adjustment.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NetDefinedBenefitLiabilityAssetAfterAdjustment_lbl" xml:lang="en-US">Net defined benefit liability asset After Adjustment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in demographic assumptions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInDemographicAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Actuarial Loss (Gain) arising from changes in demographic assumptions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from changes in financial assumptions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromChangesInFinancialAssumptionsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Actuarial Loss (Gain) arising from changes in financial assumptions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from actuarial gains (losses) arising from experience adjustments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ActuarialGainsLossesArisingFromExperienceAdjustmentsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Actuarial Loss arising from changes in the experience</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset" xlink:to="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from gain (loss) on remeasurement in other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_GainLossOnRemeasurementOfNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Total changes in actuarial assumptions</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_PaymentsInRespectOfSettlementsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Payments to employees</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughDisposalsHeldForSalesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Increase (decrease) through disposals held for sales net defined benefits liability asset</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughDisposalsHeldForSalesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Increase (Decrease) Through Disposals Held For Sales, Net Defined Benefit Liability Asset</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughDisposalsHeldForSalesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Reclassification MFG operation</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromDiscontinuedOperations_lbl" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from discontinued operations.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromDiscontinuedOperations_lbl" xml:lang="en-US">Decrease (Increase) In Net Defined Benefit Liability (Asset) Resulting from Discontinued Operations</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DecreaseIncreaseInNetDefinedBenefitLiabilityAssetResultingFromDiscontinuedOperations_lbl" xml:lang="en-US">Discontinued operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Increase (decrease) in net defined benefit liability (asset) resulting from changes in foreign exchange rates, net defined benefit liability (asset)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseThroughChangesInForeignExchangeRatesNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Effect of movements in exchange rates</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Decrease (increase) in net defined benefit liability (asset) resulting from return on plan assets excluding interest income or expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ReturnOnPlanAssetsNetDefinedBenefitLiabilityAsset_lbl" xml:lang="en-US">Remeasurements on plan assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRates" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xml:lang="en-US">Actuarial assumption of discount rates</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRates_lbl" xml:lang="en-US">Discount interest rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation_lbl" xml:lang="en-US">Actuarial assumption of expected rates of inflation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfInflation_lbl" xml:lang="en-US">Inflation rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_lbl" xml:lang="en-US">Actuarial assumption of expected rates of salary increases</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreases_lbl" xml:lang="en-US">Salary growth rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases" xlink:to="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_lbl" xml:lang="en-US">Actuarial assumption of expected rates of pension increases</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreases_lbl" xml:lang="en-US">Pension growth rate</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsTable_lbl" xml:lang="en-US">Disclosure of sensitivity analysis for actuarial assumptions [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionsAxis" xlink:label="ifrs-full_ActuarialAssumptionsAxis" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionsAxis_lbl" xml:lang="en-US">Actuarial assumptions [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionsDomain" xlink:label="ifrs-full_ActuarialAssumptionsDomain" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionsDomain_lbl" xml:lang="en-US">Actuarial assumptions [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfDiscountRatesMember" xlink:to="ifrs-full_ActuarialAssumptionOfDiscountRatesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfDiscountRatesMember_lbl" xml:lang="en-US">Actuarial assumption of discount rates [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfSalaryIncreasesMember_lbl" xml:lang="en-US">Actuarial assumption of expected rates of salary increases [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember" xlink:to="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ActuarialAssumptionOfExpectedRatesOfPensionIncreasesMember_lbl" xml:lang="en-US">Actuarial assumption of expected rates of pension increases [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfSensitivityAnalysisForActuarialAssumptionsLineItems_lbl" xml:lang="en-US">Disclosure of sensitivity analysis for actuarial assumptions [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption" xlink:to="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_lbl" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible decrease in actuarial assumption</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleDecreaseInActuarialAssumption_lbl" xml:lang="en-US">Decrease</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption" xlink:to="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_lbl" xml:lang="en-US">Increase (decrease) in defined benefit obligation due to reasonably possible increase in actuarial assumption</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_IncreaseDecreaseInDefinedBenefitObligationDueToReasonablyPossibleIncreaseInActuarialAssumption_lbl" xml:lang="en-US">Increase</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan" xlink:to="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EstimateOfContributionsExpectedToBePaidToPlan_lbl" xml:lang="en-US">Estimate of contributions expected to be paid to plan for next annual reporting period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:label="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019" xlink:to="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_lbl" xml:lang="en-US">Weighted average duration of defined benefit obligation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_WeightedAverageDurationOfDefinedBenefitObligation2019_lbl" xml:lang="en-US">Weighted average duration of defined benefit obligation</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfReasonablyPossibleIncreaseAndDecreaseInActuarialAssumption" xlink:label="aval_PercentageOfReasonablyPossibleIncreaseAndDecreaseInActuarialAssumption" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfReasonablyPossibleIncreaseAndDecreaseInActuarialAssumption_lbl" xml:lang="en-US">Represents the percentage of reasonably possible increase decrease in actuarial assumptions.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfReasonablyPossibleIncreaseAndDecreaseInActuarialAssumption_lbl" xml:lang="en-US">Percentage of reasonably possible increase and decrease in actuarial assumption</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeReceivedForThirdParties" xlink:label="aval_IncomeReceivedForThirdParties" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeReceivedForThirdParties" xlink:to="aval_IncomeReceivedForThirdParties_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeReceivedForThirdParties_lbl" xml:lang="en-US">The amount of income received for third parties.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeReceivedForThirdParties_lbl" xml:lang="en-US">Income Received For Third Parties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncomeReceivedForThirdParties_lbl" xml:lang="en-US">Income received for third parties</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayablesToTradeSuppliers" xlink:to="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xml:lang="en-US">Trade payables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherPayablesToTradeSuppliers_lbl" xml:lang="en-US">Suppliers and services payable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashierChecksPayable" xlink:label="aval_CashierChecksPayable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashierChecksPayable" xlink:to="aval_CashierChecksPayable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CashierChecksPayable_lbl" xml:lang="en-US">The amount of liability related to cashier checks payable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashierChecksPayable_lbl" xml:lang="en-US">Cashier Checks Payable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CashierChecksPayable_lbl" xml:lang="en-US">Cashier checks</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:label="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax" xlink:to="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" xml:lang="en-US">Payables on social security and taxes other than income tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_PayablesOnSocialSecurityAndTaxesOtherThanIncomeTax_lbl" xml:lang="en-US">Withholdings taxes and labor contributions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcessionLiabilities" xlink:label="aval_ConcessionLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcessionLiabilities" xlink:to="aval_ConcessionLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcessionLiabilities_lbl" xml:lang="en-US">The amount of carrying amount of concession liabilities as on the balance sheet date.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcessionLiabilities_lbl" xml:lang="en-US">Concession Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcessionLiabilities_lbl" xml:lang="en-US">Contract liability related to concessions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommissionsAndFeesPayable" xlink:label="aval_CommissionsAndFeesPayable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommissionsAndFeesPayable" xlink:to="aval_CommissionsAndFeesPayable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommissionsAndFeesPayable_lbl" xml:lang="en-US">The amount of commissions and fees payable.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommissionsAndFeesPayable_lbl" xml:lang="en-US">Commissions and fees Payable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommissionsAndFeesPayable_lbl" xml:lang="en-US">Commissions and fees</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherLiabilitiesTransactionsGouPaymentsAch" xlink:label="aval_OtherLiabilitiesTransactionsGouPaymentsAch" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherLiabilitiesTransactionsGouPaymentsAch" xlink:to="aval_OtherLiabilitiesTransactionsGouPaymentsAch_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherLiabilitiesTransactionsGouPaymentsAch_lbl" xml:lang="en-US">Other liabilities transactions Gou payments ACH</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherLiabilitiesTransactionsGouPaymentsAch_lbl" xml:lang="en-US">Other Liabilities Transactions Gou Payments ACH</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherLiabilitiesTransactionsGouPaymentsAch_lbl" xml:lang="en-US">Transactions digital payment platform</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsPayable" xlink:label="ifrs-full_DividendsPayable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsPayable" xlink:to="ifrs-full_DividendsPayable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsPayable_lbl" xml:lang="en-US">Dividends payable, non-cash assets distributions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DividendsPayable_lbl" xml:lang="en-US">Dividends payable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollectionOnBehalfOfThirdParties" xlink:label="aval_CollectionOnBehalfOfThirdParties" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollectionOnBehalfOfThirdParties" xlink:to="aval_CollectionOnBehalfOfThirdParties_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollectionOnBehalfOfThirdParties_lbl" xml:lang="en-US">The reimbursable liability related to collection made on behalf of third parties.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollectionOnBehalfOfThirdParties_lbl" xml:lang="en-US">Collection on behalf of third parties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CollectionOnBehalfOfThirdParties_lbl" xml:lang="en-US">Collection on behalf of third parties</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CollectionServiceLiability" xlink:label="aval_CollectionServiceLiability" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CollectionServiceLiability" xlink:to="aval_CollectionServiceLiability_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CollectionServiceLiability_lbl" xml:lang="en-US">The amount of collection service liability.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CollectionServiceLiability_lbl" xml:lang="en-US">Collection service Liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CollectionServiceLiability_lbl" xml:lang="en-US">Collection service</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ValueAddedTaxPayables" xlink:label="ifrs-full_ValueAddedTaxPayables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ValueAddedTaxPayables" xlink:to="ifrs-full_ValueAddedTaxPayables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ValueAddedTaxPayables_lbl" xml:lang="en-US">Value added tax payables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ValueAddedTaxPayables_lbl" xml:lang="en-US">Value added tax - VAT</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InsurancePayable" xlink:label="aval_InsurancePayable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InsurancePayable" xlink:to="aval_InsurancePayable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InsurancePayable_lbl" xml:lang="en-US">Insurance payable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InsurancePayable_lbl" xml:lang="en-US">Insurance payable</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InsurancePayable_lbl" xml:lang="en-US">Insurance payables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialTransactionTaxLiability" xlink:label="aval_FinancialTransactionTaxLiability" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialTransactionTaxLiability" xlink:to="aval_FinancialTransactionTaxLiability_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialTransactionTaxLiability_lbl" xml:lang="en-US">Financial transaction tax liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialTransactionTaxLiability_lbl" xml:lang="en-US">Financial transaction tax liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialTransactionTaxLiability_lbl" xml:lang="en-US">Financial transactions tax</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LiabilityForCanceledAccounts" xlink:label="aval_LiabilityForCanceledAccounts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LiabilityForCanceledAccounts" xlink:to="aval_LiabilityForCanceledAccounts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LiabilityForCanceledAccounts_lbl" xml:lang="en-US">Liability for canceled accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LiabilityForCanceledAccounts_lbl" xml:lang="en-US">Liability for canceled accounts</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LiabilityForCanceledAccounts_lbl" xml:lang="en-US">Canceled accounts</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ChecksIssuedButNotPaid" xlink:label="aval_ChecksIssuedButNotPaid" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ChecksIssuedButNotPaid" xlink:to="aval_ChecksIssuedButNotPaid_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ChecksIssuedButNotPaid_lbl" xml:lang="en-US">The liability incurred for checks issued but not paid.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ChecksIssuedButNotPaid_lbl" xml:lang="en-US">Checks Issued but not paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_ChecksIssuedButNotPaid_lbl" xml:lang="en-US">Checks drawn and not paid</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CustomerLoyaltyProgramsLiability" xlink:label="aval_CustomerLoyaltyProgramsLiability" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CustomerLoyaltyProgramsLiability" xlink:to="aval_CustomerLoyaltyProgramsLiability_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CustomerLoyaltyProgramsLiability_lbl" xml:lang="en-US">The amount of unredeemed customers loyalty points.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CustomerLoyaltyProgramsLiability_lbl" xml:lang="en-US">Customer Loyalty Programs Liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CustomerLoyaltyProgramsLiability_lbl" xml:lang="en-US">Customer loyalty programs</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AnticipatedIncome" xlink:label="aval_AnticipatedIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AnticipatedIncome" xlink:to="aval_AnticipatedIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AnticipatedIncome_lbl" xml:lang="en-US">Anticipated income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AnticipatedIncome_lbl" xml:lang="en-US">Anticipated income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AnticipatedIncome_lbl" xml:lang="en-US">Anticipated income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CashSurplusOtherLiabilities" xlink:label="aval_CashSurplusOtherLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CashSurplusOtherLiabilities" xlink:to="aval_CashSurplusOtherLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CashSurplusOtherLiabilities_lbl" xml:lang="en-US">Cash surplus other liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CashSurplusOtherLiabilities_lbl" xml:lang="en-US">Cash Surplus, Other Liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CashSurplusOtherLiabilities_lbl" xml:lang="en-US">Cash surplus</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherLiabilitiesOther" xlink:label="aval_OtherLiabilitiesOther" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherLiabilitiesOther" xlink:to="aval_OtherLiabilitiesOther_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherLiabilitiesOther_lbl" xml:lang="en-US">Other liabilities, other</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherLiabilitiesOther_lbl" xml:lang="en-US">Other liabilities, other</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherLiabilitiesOther_lbl" xml:lang="en-US">Other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherCurrentLiabilities" xlink:label="ifrs-full_OtherCurrentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherCurrentLiabilities" xlink:to="ifrs-full_OtherCurrentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherCurrentLiabilities_lbl" xml:lang="en-US">Other current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherCurrentLiabilities_lbl" xml:lang="en-US">Liabilities to be canceled within twelve months</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherNoncurrentLiabilities" xlink:label="ifrs-full_OtherNoncurrentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherNoncurrentLiabilities" xlink:to="ifrs-full_OtherNoncurrentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherNoncurrentLiabilities_lbl" xml:lang="en-US">Other non-current liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherNoncurrentLiabilities_lbl" xml:lang="en-US">Liabilities to be canceled after twelve months</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesAuthorised" xlink:label="ifrs-full_NumberOfSharesAuthorised" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesAuthorised" xlink:to="ifrs-full_NumberOfSharesAuthorised_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesAuthorised_lbl" xml:lang="en-US">Number of shares authorised</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesAuthorised_lbl" xml:lang="en-US">Authorized shares (in shares)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:label="ifrs-full_NumberOfSharesIssuedAndFullyPaid" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesIssuedAndFullyPaid" xlink:to="ifrs-full_NumberOfSharesIssuedAndFullyPaid_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesIssuedAndFullyPaid_lbl" xml:lang="en-US">Number of shares issued and fully paid</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesIssuedAndFullyPaid_lbl" xml:lang="en-US">Subscribed fully paid shares (in shares)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesOutstanding" xlink:label="ifrs-full_NumberOfSharesOutstanding" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesOutstanding" xlink:to="ifrs-full_NumberOfSharesOutstanding_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/netLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US">Number of shares outstanding</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US">Total outstanding shares (in shares)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_NumberOfSharesOutstanding_lbl" xml:lang="en-US">Total shares outstanding</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalTable" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalTable_lbl" xml:lang="en-US">Disclosure of classes of share capital [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OrdinarySharesMember" xlink:label="ifrs-full_OrdinarySharesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OrdinarySharesMember" xlink:to="ifrs-full_OrdinarySharesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OrdinarySharesMember_lbl" xml:lang="en-US">Ordinary shares [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems" xlink:to="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfClassesOfShareCapitalLineItems_lbl" xml:lang="en-US">Disclosure of classes of share capital [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ParValuePerShare" xlink:label="ifrs-full_ParValuePerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ParValuePerShare" xlink:to="ifrs-full_ParValuePerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Par value per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ParValuePerShare_lbl" xml:lang="en-US">Nominal value per share</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommonStockConversionToPreferredStock" xlink:label="aval_CommonStockConversionToPreferredStock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommonStockConversionToPreferredStock" xlink:to="aval_CommonStockConversionToPreferredStock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommonStockConversionToPreferredStock_lbl" xml:lang="en-US">The number of common stock converted to preferred stock during the reporting period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommonStockConversionToPreferredStock_lbl" xml:lang="en-US">Common stock conversion to preferred stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CommonStockConversionToPreferredStock_lbl" xml:lang="en-US">Common stock conversion to preferred stock</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PreferentialMinimumDividendPerSemesterPerShare" xlink:label="aval_PreferentialMinimumDividendPerSemesterPerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PreferentialMinimumDividendPerSemesterPerShare" xlink:to="aval_PreferentialMinimumDividendPerSemesterPerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PreferentialMinimumDividendPerSemesterPerShare_lbl" xml:lang="en-US">Preferential minimum dividend per semester per share.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PreferentialMinimumDividendPerSemesterPerShare_lbl" xml:lang="en-US">Preferential minimum dividend per semester per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PreferentialMinimumDividendPerSemesterPerShare_lbl" xml:lang="en-US">Preferential minimum dividend per semester per share</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherReserves" xlink:label="ifrs-full_OtherReserves" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherReserves" xlink:to="ifrs-full_OtherReserves_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Other reserves</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherReserves_lbl" xml:lang="en-US">Retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherReserveTaxWithholding" xlink:label="aval_OtherReserveTaxWithholding" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherReserveTaxWithholding" xlink:to="aval_OtherReserveTaxWithholding_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherReserveTaxWithholding_lbl" xml:lang="en-US">A component of equity representing withholding tax.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherReserveTaxWithholding_lbl" xml:lang="en-US">Other Reserve Tax Withholding</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OtherReserveTaxWithholding_lbl" xml:lang="en-US">Accumulated withholding tax over dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LegalReserve" xlink:label="aval_LegalReserve" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LegalReserve" xlink:to="aval_LegalReserve_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LegalReserve_lbl" xml:lang="en-US">A component of equity representing legal reserve.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LegalReserve_lbl" xml:lang="en-US">Legal reserve</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_LegalReserve_lbl" xml:lang="en-US">Legal reserve</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_StatutoryReserve" xlink:label="ifrs-full_StatutoryReserve" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_StatutoryReserve" xlink:to="ifrs-full_StatutoryReserve_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_StatutoryReserve_lbl" xml:lang="en-US">Statutory reserve</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_StatutoryReserve_lbl" xml:lang="en-US">Statutory and voluntary reserves</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LegalReserveAsPercentageOfNetProfit" xlink:label="aval_LegalReserveAsPercentageOfNetProfit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LegalReserveAsPercentageOfNetProfit" xlink:to="aval_LegalReserveAsPercentageOfNetProfit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LegalReserveAsPercentageOfNetProfit_lbl" xml:lang="en-US">The percentage of net profit to calculate legal reserve.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LegalReserveAsPercentageOfNetProfit_lbl" xml:lang="en-US">Legal reserve as percentage of net profit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LegalReserveAsPercentageOfNetProfit_lbl" xml:lang="en-US">Legal reserve as percentage of net profit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock" xlink:to="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock_lbl" xml:lang="en-US">The percentage of subscription capital stock to calculate maximum legal reserve.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock_lbl" xml:lang="en-US">Maximum legal reserve as percentage of subscription capital stock</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStock_lbl" xml:lang="en-US">Maximum legal reserve as percentage of subscription capital stock</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings" xlink:to="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings_lbl" xml:lang="en-US">Maximum legal reserve as percentage of subscription capital stock, reduced to stem losses in excess of retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings_lbl" xml:lang="en-US">Maximum legal reserve as percentage of subscription capital stock, reduced to stem losses in excess of retained earnings</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MaximumLegalReserveAsPercentageOfSubscriptionCapitalStockReducedToStemLossesInExcessOfRetainedEarnings_lbl" xml:lang="en-US">Maximum legal reserve as percentage of subscription capital stock, reduced to stem losses in excess of retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NetIncomeLossAttributableToParent" xlink:label="aval_NetIncomeLossAttributableToParent" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NetIncomeLossAttributableToParent" xlink:to="aval_NetIncomeLossAttributableToParent_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NetIncomeLossAttributableToParent_lbl" xml:lang="en-US">The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NetIncomeLossAttributableToParent_lbl" xml:lang="en-US">Net income (loss) attributable to parent</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NetIncomeLossAttributableToParent_lbl" xml:lang="en-US">Net income for the period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare" xlink:to="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_lbl" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerShare_lbl" xml:lang="en-US">Declared dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners" xlink:to="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_lbl" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_lbl" xml:lang="en-US">Total dividends declared</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwners_lbl" xml:lang="en-US">Total declared dividends</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdjustmentsToReconcileProfitLossToNumeratorUsedInCalculatingEarningsPerShareAbstract" xlink:label="ifrs-full_AdjustmentsToReconcileProfitLossToNumeratorUsedInCalculatingEarningsPerShareAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdjustmentsToReconcileProfitLossToNumeratorUsedInCalculatingEarningsPerShareAbstract" xlink:to="ifrs-full_AdjustmentsToReconcileProfitLossToNumeratorUsedInCalculatingEarningsPerShareAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdjustmentsToReconcileProfitLossToNumeratorUsedInCalculatingEarningsPerShareAbstract_lbl" xml:lang="en-US">Adjustments to reconcile profit (loss) to numerator used in calculating earnings per share [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingBasicEarningsLossPerInstrument" xlink:label="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingBasicEarningsLossPerInstrument" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingBasicEarningsLossPerInstrument" xlink:to="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingBasicEarningsLossPerInstrument_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingBasicEarningsLossPerInstrument_lbl" xml:lang="en-US">Profit (loss) attributable to participating equity instruments other than ordinary shares, used in calculating basic earnings (loss) per instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingBasicEarningsLossPerInstrument_lbl" xml:lang="en-US">Less: Allocation of undistributed earnings to preferred stockholders, basic</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingDilutedEarningsLossPerInstrument" xlink:label="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingDilutedEarningsLossPerInstrument" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingDilutedEarningsLossPerInstrument" xlink:to="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingDilutedEarningsLossPerInstrument_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingDilutedEarningsLossPerInstrument_lbl" xml:lang="en-US">Profit (loss) attributable to participating equity instruments other than ordinary shares, used in calculating diluted earnings (loss) per instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ProfitLossAttributableToParticipatingEquityInstrumentsOtherThanOrdinarySharesUsedInCalculatingDilutedEarningsLossPerInstrument_lbl" xml:lang="en-US">Less: Allocation of undistributed earnings to preferred stockholders, diluted</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:label="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity" xlink:to="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_lbl" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating basic earnings per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntity_lbl" xml:lang="en-US">Net Income allocated to common shareholders for basic EPS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:label="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects" xlink:to="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_lbl" xml:lang="en-US">Profit (loss), attributable to ordinary equity holders of parent entity, used in calculating diluted earnings per share</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ProfitLossAttributableToOrdinaryEquityHoldersOfParentEntityIncludingDilutiveEffects_lbl" xml:lang="en-US">Net Income allocated to common shareholders for diluted EPS</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_WeightedAverageShares" xlink:label="ifrs-full_WeightedAverageShares" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_WeightedAverageShares_lbl" xml:lang="en-US">Weighted average number of ordinary shares used in calculating basic earnings per share</link:label>
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_BasicEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares_lbl" xml:lang="en-US">Basic earnings per ADS (in Colombian pesos)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DilutedEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares" xlink:label="ifrs-full_DilutedEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DilutedEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares" xlink:to="ifrs-full_DilutedEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DilutedEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares_lbl" xml:lang="en-US">Diluted earnings (loss) per instrument from discontinued operations, participating equity instruments other than ordinary shares</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DilutedEarningsLossPerInstrumentFromDiscontinuedOperationsParticipatingEquityInstrumentsOtherThanOrdinaryShares_lbl" xml:lang="en-US">Diluted earnings per ADS (3) (in Colombian pesos)</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDepositaryReceiptsTable" xlink:label="ifrs-full_DisclosureOfDepositaryReceiptsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDepositaryReceiptsTable" xlink:to="ifrs-full_DisclosureOfDepositaryReceiptsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDepositaryReceiptsTable_lbl" xml:lang="en-US">Disclosure of depositary receipts [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDepositaryReceiptsLineItems" xlink:label="ifrs-full_DisclosureOfDepositaryReceiptsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDepositaryReceiptsLineItems" xlink:to="ifrs-full_DisclosureOfDepositaryReceiptsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDepositaryReceiptsLineItems_lbl" xml:lang="en-US">Disclosure of depositary receipts [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NumberOfSharesRepresentedByOneDepositaryReceipt" xlink:label="ifrs-full_NumberOfSharesRepresentedByOneDepositaryReceipt" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NumberOfSharesRepresentedByOneDepositaryReceipt" xlink:to="ifrs-full_NumberOfSharesRepresentedByOneDepositaryReceipt_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NumberOfSharesRepresentedByOneDepositaryReceipt_lbl" xml:lang="en-US">Number of shares represented by one depositary receipt</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_NumberOfSharesRepresentedByOneDepositaryReceipt_lbl" xml:lang="en-US">Number of shares represented by one depositary receipt</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ValoraSaMember" xlink:label="aval_ValoraSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ValoraSaMember" xlink:to="aval_ValoraSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ValoraSaMember_lbl" xml:lang="en-US">Valora S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ValoraSaMember_lbl" xml:lang="en-US">Valora S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrupoAvalSaMember" xlink:label="aval_GrupoAvalSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrupoAvalSaMember" xlink:to="aval_GrupoAvalSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrupoAvalSaMember_lbl" xml:lang="en-US">Grupo Aval S.A. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrupoAvalSaMember_lbl" xml:lang="en-US">Grupo Aval SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrupoAvalSaMember_lbl" xml:lang="en-US">Grupo Aval S.A.</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherSubsidiariesMember" xlink:label="aval_OtherSubsidiariesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherSubsidiariesMember" xlink:to="aval_OtherSubsidiariesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherSubsidiariesMember_lbl" xml:lang="en-US">Other subsidiaries [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherSubsidiariesMember_lbl" xml:lang="en-US">Other subsidiaries</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember" xlink:label="aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember" xlink:to="aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember_lbl" xml:lang="en-US">Aval Fiduciaria S.A and Aval Casa de Bolsa S.A [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember_lbl" xml:lang="en-US">Aval Fiduciaria SA and Aval Casa de Bolsa SA [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AvalFiduciariaSaAndAvalCasaDeBolsaSaMember_lbl" xml:lang="en-US">Aval Fiduciaria S.A and Aval Casa de Bolsa S.A</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DividendsPaidOnPreferredSharesToNonControllingInterests" xlink:label="aval_DividendsPaidOnPreferredSharesToNonControllingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DividendsPaidOnPreferredSharesToNonControllingInterests" xlink:to="aval_DividendsPaidOnPreferredSharesToNonControllingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DividendsPaidOnPreferredSharesToNonControllingInterests_lbl" xml:lang="en-US">Dividends paid on preferred shares to non controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DividendsPaidOnPreferredSharesToNonControllingInterests_lbl" xml:lang="en-US">Dividends Paid On Preferred Shares To Non Controlling Interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DividendsPaidOnPreferredSharesToNonControllingInterests_lbl" xml:lang="en-US">Payment of dividends on preferred shares</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired" xlink:label="aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired" xlink:to="aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired_lbl" xml:lang="en-US">Non-controlling interests, ownership interests, shares acquired</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired_lbl" xml:lang="en-US">Noncontrolling interests, ownership interests, shares acquired</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NoncontrollingInterestsOwnershipInterestsSharesAcquired_lbl" xml:lang="en-US">Non-controlling interests, ownership interests, shares acquired (in shares)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests" xlink:label="aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests" xlink:to="aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests_lbl" xml:lang="en-US">Gross monetary effects in retained earnings between controlling and non controlling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests_lbl" xml:lang="en-US">Gross Monetary Effects In Retained Earnings, Between Controlling And Non Controlling Interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GrossMonetaryEffectsInRetainedEarningsBetweenControllingAndNonControllingInterests_lbl" xml:lang="en-US">Gross monetary effects in retained earnings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RealizationsEffectsOfOtherComprehensiveIncome" xlink:label="aval_RealizationsEffectsOfOtherComprehensiveIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RealizationsEffectsOfOtherComprehensiveIncome" xlink:to="aval_RealizationsEffectsOfOtherComprehensiveIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RealizationsEffectsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Realization effects of other comprehensive income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RealizationsEffectsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Realizations Effects of Other Comprehensive Income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RealizationsEffectsOfOtherComprehensiveIncome_lbl" xml:lang="en-US">Effect realizations of OCI</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherComprehensiveReclassificationOnSaleEquityInstrument" xlink:label="aval_OtherComprehensiveReclassificationOnSaleEquityInstrument" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherComprehensiveReclassificationOnSaleEquityInstrument" xlink:to="aval_OtherComprehensiveReclassificationOnSaleEquityInstrument_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherComprehensiveReclassificationOnSaleEquityInstrument_lbl" xml:lang="en-US">Other comprehensive reclassification on sale of equity instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherComprehensiveReclassificationOnSaleEquityInstrument_lbl" xml:lang="en-US">Other Comprehensive Reclassification On Sale Equity Instrument</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherComprehensiveReclassificationOnSaleEquityInstrument_lbl" xml:lang="en-US">Other comprehensive reclassification on sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable" xlink:to="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemTable_lbl" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccumulatedOtherComprehensiveIncomeIncludingNoncontrollingInterestsMember" xlink:label="aval_AccumulatedOtherComprehensiveIncomeIncludingNoncontrollingInterestsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccumulatedOtherComprehensiveIncomeIncludingNoncontrollingInterestsMember" xlink:to="aval_AccumulatedOtherComprehensiveIncomeIncludingNoncontrollingInterestsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccumulatedOtherComprehensiveIncomeIncludingNoncontrollingInterestsMember_lbl" xml:lang="en-US">Accumulated other comprehensive income including noncontrolling interests [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccumulatedOtherComprehensiveIncomeIncludingNoncontrollingInterestsMember_lbl" xml:lang="en-US">Accumulated other comprehensive income including non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToHedgedItemsMember" xlink:label="aval_AociRelatedToHedgedItemsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToHedgedItemsMember" xlink:to="aval_AociRelatedToHedgedItemsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AociRelatedToHedgedItemsMember_lbl" xml:lang="en-US">AOCI related to hedged items [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToHedgedItemsMember_lbl" xml:lang="en-US">AOCI related to hedged items</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToHedgingDerivativeInstrumentMember" xlink:label="aval_AociRelatedToHedgingDerivativeInstrumentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToHedgingDerivativeInstrumentMember" xlink:to="aval_AociRelatedToHedgingDerivativeInstrumentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AociRelatedToHedgingDerivativeInstrumentMember_lbl" xml:lang="en-US">AOCI Related To Hedging Derivative Instrument [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToHedgingDerivativeInstrumentMember_lbl" xml:lang="en-US">AOCI Related To Hedging Derivative Instrument</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToHedgingNonDerivativeInstrumentMember" xlink:label="aval_AociRelatedToHedgingNonDerivativeInstrumentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToHedgingNonDerivativeInstrumentMember" xlink:to="aval_AociRelatedToHedgingNonDerivativeInstrumentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AociRelatedToHedgingNonDerivativeInstrumentMember_lbl" xml:lang="en-US">AOCI Related To Hedging Non Derivative Instrument [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToHedgingNonDerivativeInstrumentMember_lbl" xml:lang="en-US">AOCI Related To Hedging Non Derivative Instrument</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToCashFlowHedgesMember" xlink:label="aval_AociRelatedToCashFlowHedgesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToCashFlowHedgesMember" xlink:to="aval_AociRelatedToCashFlowHedgesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToCashFlowHedgesMember_lbl" xml:lang="en-US">AOCI related to cash flow hedges</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToForeignCurrencyTranslationDifferencesFromUnhedgedForeignOperationMember" xlink:label="aval_AociRelatedToForeignCurrencyTranslationDifferencesFromUnhedgedForeignOperationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToForeignCurrencyTranslationDifferencesFromUnhedgedForeignOperationMember" xlink:to="aval_AociRelatedToForeignCurrencyTranslationDifferencesFromUnhedgedForeignOperationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AociRelatedToForeignCurrencyTranslationDifferencesFromUnhedgedForeignOperationMember_lbl" xml:lang="en-US">AOCI Related To Foreign Currency Translation Differences From Unhedged Foreign Operation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToForeignCurrencyTranslationDifferencesFromUnhedgedForeignOperationMember_lbl" xml:lang="en-US">AOCI related to foreign currency translation differences from unhedged foreign operations</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToTransferFromOwnerOccupiedPropertyToInvestmentPropertyMember" xlink:label="aval_AociRelatedToTransferFromOwnerOccupiedPropertyToInvestmentPropertyMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToTransferFromOwnerOccupiedPropertyToInvestmentPropertyMember" xlink:to="aval_AociRelatedToTransferFromOwnerOccupiedPropertyToInvestmentPropertyMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AociRelatedToTransferFromOwnerOccupiedPropertyToInvestmentPropertyMember_lbl" xml:lang="en-US">AOCI Related To Transfer From Owner Occupied Property To Investment Property</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToTransferFromOwnerOccupiedPropertyToInvestmentPropertyMember_lbl" xml:lang="en-US">AOCI related to transfer from owner-occupied property to investment property</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToDebtSecuritiesMember" xlink:label="aval_AociRelatedToDebtSecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToDebtSecuritiesMember" xlink:to="aval_AociRelatedToDebtSecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToDebtSecuritiesMember_lbl" xml:lang="en-US">Unrealized (losses) on securities at FVOCI</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AociRelatedToEquitySecuritiesMember" xlink:label="aval_AociRelatedToEquitySecuritiesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AociRelatedToEquitySecuritiesMember" xlink:to="aval_AociRelatedToEquitySecuritiesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AociRelatedToEquitySecuritiesMember_lbl" xml:lang="en-US">Unrealized gains on equity securities at FVOCI</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentsInAssociatesAndJointVenturesMember" xlink:label="aval_InvestmentsInAssociatesAndJointVenturesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentsInAssociatesAndJointVenturesMember" xlink:to="aval_InvestmentsInAssociatesAndJointVenturesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentsInAssociatesAndJointVenturesMember_lbl" xml:lang="en-US">Investments in associates</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ActuarialGainsLossesFromDefinedBenefitPensionPlanMember" xlink:label="aval_ActuarialGainsLossesFromDefinedBenefitPensionPlanMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ActuarialGainsLossesFromDefinedBenefitPensionPlanMember" xlink:to="aval_ActuarialGainsLossesFromDefinedBenefitPensionPlanMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ActuarialGainsLossesFromDefinedBenefitPensionPlanMember_lbl" xml:lang="en-US">n/a</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ActuarialGainsLossesFromDefinedBenefitPensionPlanMember_lbl" xml:lang="en-US">Actuarial gains (losses) from defined benefit pension plans</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeTaxRelatingToOciMember" xlink:label="aval_IncomeTaxRelatingToOciMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeTaxRelatingToOciMember" xlink:to="aval_IncomeTaxRelatingToOciMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeTaxRelatingToOciMember_lbl" xml:lang="en-US">Income tax relating to OCI</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems" xlink:to="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfAnalysisOfOtherComprehensiveIncomeByItemLineItems_lbl" xml:lang="en-US">Disclosure of analysis of other comprehensive income by item [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity" xlink:to="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity_lbl" xml:lang="en-US">Increase (decrease) through other comprehensive income, excluding realisation of other comprehensive income, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity_lbl" xml:lang="en-US">Increase (decrease) through other comprehensive income, excluding realisation of other comprehensive income, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeExcludingRealisationOfOtherComprehensiveIncomeEquity_lbl" xml:lang="en-US">Movements period</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity" xlink:to="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity_lbl" xml:lang="en-US">Increase (decrease) through other comprehensive income, realisation of other comprehensive income, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity_lbl" xml:lang="en-US">Increase (decrease) through other comprehensive income, realisation of other comprehensive income, equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncreaseDecreaseThroughOtherComprehensiveIncomeRealisationOfOtherComprehensiveIncomeEquity_lbl" xml:lang="en-US">Realization of OCI</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ChangesInEquity" xlink:label="ifrs-full_ChangesInEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInEquity" xlink:to="ifrs-full_ChangesInEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInEquity_lbl" xml:lang="en-US">Increase (decrease) in equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_ChangesInEquity_lbl" xml:lang="en-US">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AccumulatedOtherComprehensiveIncomeAttributableToNoncontrollingInterestsMember" xlink:label="aval_AccumulatedOtherComprehensiveIncomeAttributableToNoncontrollingInterestsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AccumulatedOtherComprehensiveIncomeAttributableToNoncontrollingInterestsMember" xlink:to="aval_AccumulatedOtherComprehensiveIncomeAttributableToNoncontrollingInterestsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AccumulatedOtherComprehensiveIncomeAttributableToNoncontrollingInterestsMember_lbl" xml:lang="en-US">Accumulated other comprehensive income attributable to noncontrolling interests [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AccumulatedOtherComprehensiveIncomeAttributableToNoncontrollingInterestsMember_lbl" xml:lang="en-US">Accumulated other comprehensive income attributable to non-controlling interests</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNoncontrollingInterestTable" xlink:label="aval_DisclosureOfNoncontrollingInterestTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNoncontrollingInterestTable" xlink:to="aval_DisclosureOfNoncontrollingInterestTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNoncontrollingInterestTable_lbl" xml:lang="en-US">Disclosure of noncontrolling interest [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNoncontrollingInterestLineItems" xlink:label="aval_DisclosureOfNoncontrollingInterestLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNoncontrollingInterestLineItems" xlink:to="aval_DisclosureOfNoncontrollingInterestLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNoncontrollingInterestLineItems_lbl" xml:lang="en-US">Disclosure of noncontrolling interest [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests" xlink:label="aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests" xlink:to="aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests_lbl" xml:lang="en-US">Proportion of ownership interest in subsidiary, noncontrolling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests_lbl" xml:lang="en-US">Proportion of ownership interest in subsidiary, noncontrolling interests</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ProportionOfOwnershipInterestInSubsidiaryNoncontrollingInterests_lbl" xml:lang="en-US">Non-controlling Interest</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonControllingInterestShareOfEquity" xlink:label="aval_NonControllingInterestShareOfEquity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonControllingInterestShareOfEquity" xlink:to="aval_NonControllingInterestShareOfEquity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonControllingInterestShareOfEquity_lbl" xml:lang="en-US">Non-controlling interest share of equity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonControllingInterestShareOfEquity_lbl" xml:lang="en-US">Non-Controlling Interest Share of Equity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonControllingInterestShareOfEquity_lbl" xml:lang="en-US">Non-controlling Interest share of equity</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment" xlink:label="ifrs-full_ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment" xlink:to="ifrs-full_ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Contractual commitments for acquisition of property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContractualCommitmentsForAcquisitionOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Contractual commitments for acquisition of property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ContractualCommitmentsForAcquisitionOfIntangibleAssets" xlink:label="ifrs-full_ContractualCommitmentsForAcquisitionOfIntangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ContractualCommitmentsForAcquisitionOfIntangibleAssets" xlink:to="ifrs-full_ContractualCommitmentsForAcquisitionOfIntangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ContractualCommitmentsForAcquisitionOfIntangibleAssets_lbl" xml:lang="en-US">Contractual commitments for acquisition of intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ContractualCommitmentsForAcquisitionOfIntangibleAssets_lbl" xml:lang="en-US">Contractual commitments for acquisition of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesTable" xlink:to="ifrs-full_DisclosureOfContingentLiabilitiesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesTable_lbl" xml:lang="en-US">Disclosure of contingent liabilities [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfContingentLiabilitiesAxis" xlink:to="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesAxis_lbl" xml:lang="en-US">Classes of contingent liabilities [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ClassesOfContingentLiabilitiesDomain" xlink:to="ifrs-full_ClassesOfContingentLiabilitiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ClassesOfContingentLiabilitiesDomain_lbl" xml:lang="en-US">Classes of contingent liabilities [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CivilProceedingsMember" xlink:label="aval_CivilProceedingsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CivilProceedingsMember" xlink:to="aval_CivilProceedingsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CivilProceedingsMember_lbl" xml:lang="en-US">Civil proceedings</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdministrativeTaxProceedingsAndOtherProceedingsMember" xlink:label="aval_AdministrativeTaxProceedingsAndOtherProceedingsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdministrativeTaxProceedingsAndOtherProceedingsMember" xlink:to="aval_AdministrativeTaxProceedingsAndOtherProceedingsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdministrativeTaxProceedingsAndOtherProceedingsMember_lbl" xml:lang="en-US">Administrative, tax proceedings and other proceedings [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdministrativeTaxProceedingsAndOtherProceedingsMember_lbl" xml:lang="en-US">Administrative, tax proceedings and other proceedings [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AdministrativeTaxProceedingsAndOtherProceedingsMember_lbl" xml:lang="en-US">Administrative, tax proceedings and other proceedings</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfContingentLiabilitiesLineItems" xlink:to="ifrs-full_DisclosureOfContingentLiabilitiesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfContingentLiabilitiesLineItems_lbl" xml:lang="en-US">Disclosure of contingent liabilities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities" xlink:to="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_lbl" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_EstimatedFinancialEffectOfContingentLiabilities_lbl" xml:lang="en-US">Estimated financial effect of contingent liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BankingServiceFees" xlink:label="aval_BankingServiceFees" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BankingServiceFees" xlink:to="aval_BankingServiceFees_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BankingServiceFees_lbl" xml:lang="en-US">Banking service fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BankingServiceFees_lbl" xml:lang="en-US">Banking service fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BankingServiceFees_lbl" xml:lang="en-US">Banking service fees</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PensionAndSeveranceFundManagementFees" xlink:label="aval_PensionAndSeveranceFundManagementFees" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PensionAndSeveranceFundManagementFees" xlink:to="aval_PensionAndSeveranceFundManagementFees_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PensionAndSeveranceFundManagementFees_lbl" xml:lang="en-US">Pension and severance fund management fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PensionAndSeveranceFundManagementFees_lbl" xml:lang="en-US">Pension and severance fund management fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_PensionAndSeveranceFundManagementFees_lbl" xml:lang="en-US">Pension and severance fund management</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CreditCardFees" xlink:label="aval_CreditCardFees" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CreditCardFees" xlink:to="aval_CreditCardFees_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CreditCardFees_lbl" xml:lang="en-US">Credit card fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CreditCardFees_lbl" xml:lang="en-US">Credit card fees</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CreditCardFees_lbl" xml:lang="en-US">Credit card fees</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommissionsAndFeesFromTrustActivities" xlink:label="aval_CommissionsAndFeesFromTrustActivities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommissionsAndFeesFromTrustActivities" xlink:to="aval_CommissionsAndFeesFromTrustActivities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommissionsAndFeesFromTrustActivities_lbl" xml:lang="en-US">Commissions and fees from trust activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommissionsAndFeesFromTrustActivities_lbl" xml:lang="en-US">Commissions and fees from trust activities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CommissionsAndFeesFromTrustActivities_lbl" xml:lang="en-US">Trust activities and portfolio management services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommissionsAndFeesFromStorageServices" xlink:label="aval_CommissionsAndFeesFromStorageServices" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommissionsAndFeesFromStorageServices" xlink:to="aval_CommissionsAndFeesFromStorageServices_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommissionsAndFeesFromStorageServices_lbl" xml:lang="en-US">Commissions and fees from storage services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommissionsAndFeesFromStorageServices_lbl" xml:lang="en-US">Commissions and fees from storage services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CommissionsAndFeesFromStorageServices_lbl" xml:lang="en-US">Storage services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommissionsAndFeesFromStorageServices_lbl" xml:lang="en-US">Bonded warehouse services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommissionsAndFeesFromOfficeNetworkServices" xlink:label="aval_CommissionsAndFeesFromOfficeNetworkServices" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommissionsAndFeesFromOfficeNetworkServices" xlink:to="aval_CommissionsAndFeesFromOfficeNetworkServices_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommissionsAndFeesFromOfficeNetworkServices_lbl" xml:lang="en-US">Commissions and fees from office network services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommissionsAndFeesFromOfficeNetworkServices_lbl" xml:lang="en-US">Commissions and fees from office network services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommissionsAndFeesFromOfficeNetworkServices_lbl" xml:lang="en-US">Office network services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommissionsOnDraftsChecksAndCheckbooks" xlink:label="aval_CommissionsOnDraftsChecksAndCheckbooks" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommissionsOnDraftsChecksAndCheckbooks" xlink:to="aval_CommissionsOnDraftsChecksAndCheckbooks_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommissionsOnDraftsChecksAndCheckbooks_lbl" xml:lang="en-US">Commissions on drafts, checks and checkbooks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommissionsOnDraftsChecksAndCheckbooks_lbl" xml:lang="en-US">Commissions on drafts, checks and checkbooks</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_CommissionsOnDraftsChecksAndCheckbooks_lbl" xml:lang="en-US">Commissions on transfers, checks and checkbooks</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFeeAndCommissionIncome" xlink:label="ifrs-full_OtherFeeAndCommissionIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFeeAndCommissionIncome" xlink:to="ifrs-full_OtherFeeAndCommissionIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFeeAndCommissionIncome_lbl" xml:lang="en-US">Other fee and commission income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFeeAndCommissionIncome_lbl" xml:lang="en-US">Other commissions</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OtherFeeAndCommissionIncome_lbl" xml:lang="en-US">Other commissions</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BankingServicesExpenses" xlink:label="aval_BankingServicesExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BankingServicesExpenses" xlink:to="aval_BankingServicesExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BankingServicesExpenses_lbl" xml:lang="en-US">Banking services expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BankingServicesExpenses_lbl" xml:lang="en-US">Banking services expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_BankingServicesExpenses_lbl" xml:lang="en-US">Banking services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SalesAndServicesCommissionsExpenses" xlink:label="aval_SalesAndServicesCommissionsExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SalesAndServicesCommissionsExpenses" xlink:to="aval_SalesAndServicesCommissionsExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SalesAndServicesCommissionsExpenses_lbl" xml:lang="en-US">Sales and services commissions expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SalesAndServicesCommissionsExpenses_lbl" xml:lang="en-US">Sales and services commissions expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_SalesAndServicesCommissionsExpenses_lbl" xml:lang="en-US">Commissions for sales and services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FeesPaidToPensionFundsSalesForces" xlink:label="aval_FeesPaidToPensionFundsSalesForces" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FeesPaidToPensionFundsSalesForces" xlink:to="aval_FeesPaidToPensionFundsSalesForces_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FeesPaidToPensionFundsSalesForces_lbl" xml:lang="en-US">Fees paid to pension funds sales force</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FeesPaidToPensionFundsSalesForces_lbl" xml:lang="en-US">Fees paid to pension funds sales forces</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_FeesPaidToPensionFundsSalesForces_lbl" xml:lang="en-US">Fees paid to pension funds sales force</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InformationProcessingServicesOfOperatorsExpenses" xlink:label="aval_InformationProcessingServicesOfOperatorsExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InformationProcessingServicesOfOperatorsExpenses" xlink:to="aval_InformationProcessingServicesOfOperatorsExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InformationProcessingServicesOfOperatorsExpenses_lbl" xml:lang="en-US">Information processing services of operators expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InformationProcessingServicesOfOperatorsExpenses_lbl" xml:lang="en-US">Information processing services of operators expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_InformationProcessingServicesOfOperatorsExpenses_lbl" xml:lang="en-US">Information processing services of operators</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OfficesNetworkServicesExpenses" xlink:label="aval_OfficesNetworkServicesExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OfficesNetworkServicesExpenses" xlink:to="aval_OfficesNetworkServicesExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OfficesNetworkServicesExpenses_lbl" xml:lang="en-US">Offices network services expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OfficesNetworkServicesExpenses_lbl" xml:lang="en-US">Offices network services expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OfficesNetworkServicesExpenses_lbl" xml:lang="en-US">Offices network services</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFeeAndCommissionExpense" xlink:label="ifrs-full_OtherFeeAndCommissionExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFeeAndCommissionExpense" xlink:to="ifrs-full_OtherFeeAndCommissionExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFeeAndCommissionExpense_lbl" xml:lang="en-US">Other fee and commission expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OtherFeeAndCommissionExpense_lbl" xml:lang="en-US">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:label="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable" xlink:to="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersTable_lbl" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProductsAndServicesAxis" xlink:label="ifrs-full_ProductsAndServicesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesAxis" xlink:to="ifrs-full_ProductsAndServicesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesAxis_lbl" xml:lang="en-US">Products and services [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ProductsAndServicesDomain" xlink:label="ifrs-full_ProductsAndServicesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ProductsAndServicesDomain" xlink:to="ifrs-full_ProductsAndServicesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ProductsAndServicesDomain_lbl" xml:lang="en-US">Products and services [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EnergyAndGasEGMember" xlink:label="aval_EnergyAndGasEGMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EnergyAndGasEGMember" xlink:to="aval_EnergyAndGasEGMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_EnergyAndGasEGMember_lbl" xml:lang="en-US">Energy and gas [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EnergyAndGasEGMember_lbl" xml:lang="en-US">Energy and gas [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_EnergyAndGasEGMember_lbl" xml:lang="en-US">Energy and Gas</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InfrastructureMember" xlink:label="aval_InfrastructureMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InfrastructureMember" xlink:to="aval_InfrastructureMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InfrastructureMember_lbl" xml:lang="en-US">Infrastructure [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InfrastructureMember_lbl" xml:lang="en-US">Infrastructure [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InfrastructureMember_lbl" xml:lang="en-US">Infrastructure</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.fasb.org/srt/2025/elts/srt-2025.xsd#srt_HotelMember" xlink:label="srt_HotelMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="srt_HotelMember" xlink:to="srt_HotelMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="srt_HotelMember_lbl" xml:lang="en-US">Hotel [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="srt_HotelMember_lbl" xml:lang="en-US">Hotels</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AgribusinessMember" xlink:label="aval_AgribusinessMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AgribusinessMember" xlink:to="aval_AgribusinessMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AgribusinessMember_lbl" xml:lang="en-US">Agribusiness [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AgribusinessMember_lbl" xml:lang="en-US">Agribusiness [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AgribusinessMember_lbl" xml:lang="en-US">Agribusiness</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OthersServicesMember" xlink:label="aval_OthersServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OthersServicesMember" xlink:to="aval_OthersServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OthersServicesMember_lbl" xml:lang="en-US">Others services [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OthersServicesMember_lbl" xml:lang="en-US">Others services [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OthersServicesMember_lbl" xml:lang="en-US">Other services</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:label="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems" xlink:to="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfDisaggregationOfRevenueFromContractsWithCustomersLineItems_lbl" xml:lang="en-US">Disclosure of disaggregation of revenue from contracts with customers [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CostOfSalesExcludingDepreciation" xlink:label="aval_CostOfSalesExcludingDepreciation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CostOfSalesExcludingDepreciation" xlink:to="aval_CostOfSalesExcludingDepreciation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CostOfSalesExcludingDepreciation_lbl" xml:lang="en-US">Cost of sales excluding depreciation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CostOfSalesExcludingDepreciation_lbl" xml:lang="en-US">Cost of sales excluding depreciation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CostOfSalesExcludingDepreciation_lbl" xml:lang="en-US">Cost of sales from companies from non-financial sector</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GeneralAndAdministrativeExpense" xlink:label="ifrs-full_GeneralAndAdministrativeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GeneralAndAdministrativeExpense" xlink:to="ifrs-full_GeneralAndAdministrativeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_GeneralAndAdministrativeExpense_lbl" xml:lang="en-US">General and administrative expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShorttermEmployeeBenefitsExpense" xlink:to="ifrs-full_ShorttermEmployeeBenefitsExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense_lbl" xml:lang="en-US">Short-term employee benefits expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ShorttermEmployeeBenefitsExpense_lbl" xml:lang="en-US">Personnel expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmortisationExpense" xlink:label="ifrs-full_AmortisationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmortisationExpense" xlink:to="ifrs-full_AmortisationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmortisationExpense_lbl" xml:lang="en-US">Amortisation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AmortisationExpense_lbl" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CostOfSalesDepreciation" xlink:label="aval_CostOfSalesDepreciation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CostOfSalesDepreciation" xlink:to="aval_CostOfSalesDepreciation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CostOfSalesDepreciation_lbl" xml:lang="en-US">Cost of sales, depreciation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CostOfSalesDepreciation_lbl" xml:lang="en-US">Cost of sales, depreciation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CostOfSalesDepreciation_lbl" xml:lang="en-US">Depreciation of tangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AllowanceForImpairmentOfLoansAndReceivables" xlink:label="aval_AllowanceForImpairmentOfLoansAndReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AllowanceForImpairmentOfLoansAndReceivables" xlink:to="aval_AllowanceForImpairmentOfLoansAndReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AllowanceForImpairmentOfLoansAndReceivables_lbl" xml:lang="en-US">The amount of allowance for impairment of loans and receivables.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AllowanceForImpairmentOfLoansAndReceivables_lbl" xml:lang="en-US">Allowance For Impairment Of Loans And Receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AllowanceForImpairmentOfLoansAndReceivables_lbl" xml:lang="en-US">Allowance for impairment of loans and receivables</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CostOfGoodsAndServicesCommissionAndFeesExpenses" xlink:label="aval_CostOfGoodsAndServicesCommissionAndFeesExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CostOfGoodsAndServicesCommissionAndFeesExpenses" xlink:to="aval_CostOfGoodsAndServicesCommissionAndFeesExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CostOfGoodsAndServicesCommissionAndFeesExpenses_lbl" xml:lang="en-US">The amount of direct commission and fees expenses incurred during period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CostOfGoodsAndServicesCommissionAndFeesExpenses_lbl" xml:lang="en-US">Cost Of Goods And Services, Commission And Fees Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CostOfGoodsAndServicesCommissionAndFeesExpenses_lbl" xml:lang="en-US">Commissions and fees expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CostOfSalesDepreciationRightOfUseAssets" xlink:label="aval_CostOfSalesDepreciationRightOfUseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CostOfSalesDepreciationRightOfUseAssets" xlink:to="aval_CostOfSalesDepreciationRightOfUseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CostOfSalesDepreciationRightOfUseAssets_lbl" xml:lang="en-US">Cost of sales, depreciation, right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CostOfSalesDepreciationRightOfUseAssets_lbl" xml:lang="en-US">Cost of sales, depreciation, right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CostOfSalesDepreciationRightOfUseAssets_lbl" xml:lang="en-US">Depreciation of right of use assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DonationsAndSubsidiesExpense" xlink:label="ifrs-full_DonationsAndSubsidiesExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DonationsAndSubsidiesExpense" xlink:to="ifrs-full_DonationsAndSubsidiesExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DonationsAndSubsidiesExpense_lbl" xml:lang="en-US">Donations and subsidies expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DonationsAndSubsidiesExpense_lbl" xml:lang="en-US">Donations expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BonusPayments" xlink:label="aval_BonusPayments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BonusPayments" xlink:to="aval_BonusPayments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BonusPayments_lbl" xml:lang="en-US">The amount of bonus payments during the period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BonusPayments_lbl" xml:lang="en-US">Bonus Payments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_BonusPayments_lbl" xml:lang="en-US">Employee bonuses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LaborSeveranceExpenses" xlink:label="aval_LaborSeveranceExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LaborSeveranceExpenses" xlink:to="aval_LaborSeveranceExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LaborSeveranceExpenses_lbl" xml:lang="en-US">The amount of labor severance expense incurred during period.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LaborSeveranceExpenses_lbl" xml:lang="en-US">Labor Severance Expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_LaborSeveranceExpenses_lbl" xml:lang="en-US">Labor severances</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNetTradingIncomeTable" xlink:label="aval_DisclosureOfNetTradingIncomeTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNetTradingIncomeTable" xlink:to="aval_DisclosureOfNetTradingIncomeTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNetTradingIncomeTable_lbl" xml:lang="en-US">Disclosure of net trading income [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialDerivativesMember" xlink:label="aval_FinancialDerivativesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialDerivativesMember" xlink:to="aval_FinancialDerivativesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialDerivativesMember_lbl" xml:lang="en-US">This member stands for financial derivatives.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialDerivativesMember_lbl" xml:lang="en-US">Financial Derivatives [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_FinancialDerivativesMember_lbl" xml:lang="en-US">Financial derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MarketableDerivativesMember" xlink:label="aval_MarketableDerivativesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MarketableDerivativesMember" xlink:to="aval_MarketableDerivativesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MarketableDerivativesMember_lbl" xml:lang="en-US">This member stands for marketable derivatives.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MarketableDerivativesMember_lbl" xml:lang="en-US">Marketable Derivatives [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MarketableDerivativesMember_lbl" xml:lang="en-US">Marketable derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfNetTradingIncomeLineItems" xlink:label="aval_DisclosureOfNetTradingIncomeLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfNetTradingIncomeLineItems" xlink:to="aval_DisclosureOfNetTradingIncomeLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfNetTradingIncomeLineItems_lbl" xml:lang="en-US">Disclosure of net trading income [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingIncomeExpenseOnDebtInstruments" xlink:label="ifrs-full_TradingIncomeExpenseOnDebtInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingIncomeExpenseOnDebtInstruments" xlink:to="ifrs-full_TradingIncomeExpenseOnDebtInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingIncomeExpenseOnDebtInstruments_lbl" xml:lang="en-US">Trading income (expense) on debt instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradingIncomeExpenseOnDebtInstruments_lbl" xml:lang="en-US">Fixed income (loss) securities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingIncomeExpenseOnEquityInstruments" xlink:label="ifrs-full_TradingIncomeExpenseOnEquityInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingIncomeExpenseOnEquityInstruments" xlink:to="ifrs-full_TradingIncomeExpenseOnEquityInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingIncomeExpenseOnEquityInstruments_lbl" xml:lang="en-US">Trading income (expense) on equity instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradingIncomeExpenseOnEquityInstruments_lbl" xml:lang="en-US">Equities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradingIncomeExpenseOnDerivativeFinancialInstruments" xlink:label="ifrs-full_TradingIncomeExpenseOnDerivativeFinancialInstruments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradingIncomeExpenseOnDerivativeFinancialInstruments" xlink:to="ifrs-full_TradingIncomeExpenseOnDerivativeFinancialInstruments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradingIncomeExpenseOnDerivativeFinancialInstruments_lbl" xml:lang="en-US">Trading income (expense) on derivative financial instruments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradingIncomeExpenseOnDerivativeFinancialInstruments_lbl" xml:lang="en-US">Net income (loss) on derivatives</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss" xlink:to="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Foreign exchange gain (loss)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Foreign exchange gain (loss), net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnExchangeDifferencesOnTranslationRecognisedInProfitOrLoss_lbl" xml:lang="en-US">Foreign exchange loss, net</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod" xlink:to="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Share of profit (loss) of associates and joint ventures accounted for using equity method</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Share of profit of equity accounted investees, net of tax</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ShareOfProfitLossOfAssociatesAndJointVenturesAccountedForUsingEquityMethod_lbl" xml:lang="en-US">Share of net income from investments in associates and joint ventures</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_GainLossOnAssetValuationNet" xlink:label="aval_GainLossOnAssetValuationNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_GainLossOnAssetValuationNet" xlink:to="aval_GainLossOnAssetValuationNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_GainLossOnAssetValuationNet_lbl" xml:lang="en-US">Gain (loss) on asset valuation, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_GainLossOnAssetValuationNet_lbl" xml:lang="en-US">Gain (loss) on asset valuation, net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_GainLossOnAssetValuationNet_lbl" xml:lang="en-US">Net gain on asset valuation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_GainLossOnAssetValuationNet_lbl" xml:lang="en-US">Net gain in asset valuation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment" xlink:label="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment" xlink:to="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Gains on disposals of property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsOnDisposalsOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Gain on sale of properties, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets" xlink:to="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US">Gains (losses) on disposals of non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US">Gain on the sale of non-current assets held for sale</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US">Gains on the sale of non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GainsLossesOnDisposalsOfInvestments" xlink:to="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Gains (losses) on disposals of investments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Net gain on sale of debt and equity securities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_GainsLossesOnDisposalsOfInvestments_lbl" xml:lang="en-US">Net (loss) gain on sale of investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingIncome" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherOperatingIncome" xlink:to="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" xml:lang="en-US">Miscellaneous other operating income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MiscellaneousOtherOperatingIncome_lbl" xml:lang="en-US">Other income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PersonnelExpenses" xlink:label="aval_PersonnelExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PersonnelExpenses" xlink:to="aval_PersonnelExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PersonnelExpenses_lbl" xml:lang="en-US">The amount of personnel expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PersonnelExpenses_lbl" xml:lang="en-US">Personnel expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_PersonnelExpenses_lbl" xml:lang="en-US">Personnel expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense" xlink:to="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xml:lang="en-US">Tax expense other than income tax expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TaxExpenseOtherThanIncomeTaxExpense_lbl" xml:lang="en-US">Taxes and fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_InsuranceExpense" xlink:label="ifrs-full_InsuranceExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_InsuranceExpense" xlink:to="ifrs-full_InsuranceExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_InsuranceExpense_lbl" xml:lang="en-US">Insurance expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_InsuranceExpense_lbl" xml:lang="en-US">Insurance</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AuditorsRemunerationForOtherServices" xlink:label="ifrs-full_AuditorsRemunerationForOtherServices" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AuditorsRemunerationForOtherServices" xlink:to="ifrs-full_AuditorsRemunerationForOtherServices_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AuditorsRemunerationForOtherServices_lbl" xml:lang="en-US">Auditor's remuneration for other services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AuditorsRemunerationForOtherServices_lbl" xml:lang="en-US">Consultancy, audit and other fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RepairsAndMaintenanceExpense" xlink:label="ifrs-full_RepairsAndMaintenanceExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RepairsAndMaintenanceExpense" xlink:to="ifrs-full_RepairsAndMaintenanceExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xml:lang="en-US">Repairs and maintenance expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_RepairsAndMaintenanceExpense_lbl" xml:lang="en-US">Maintenance and repairs</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AmortisationIntangibleAssets" xlink:label="aval_AmortisationIntangibleAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AmortisationIntangibleAssets" xlink:to="aval_AmortisationIntangibleAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AmortisationIntangibleAssets_lbl" xml:lang="en-US">Amortisation, intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AmortisationIntangibleAssets_lbl" xml:lang="en-US">Amortisation, intangible assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AmortisationIntangibleAssets_lbl" xml:lang="en-US">Amortization of intangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdvertisingExpenses" xlink:label="aval_AdvertisingExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdvertisingExpenses" xlink:to="aval_AdvertisingExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdvertisingExpenses_lbl" xml:lang="en-US">The amount of expenses relating to advertising services.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdvertisingExpenses_lbl" xml:lang="en-US">Advertising expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AdvertisingExpenses_lbl" xml:lang="en-US">Marketing</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationRightofuseAssets" xlink:label="ifrs-full_DepreciationRightofuseAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationRightofuseAssets" xlink:to="ifrs-full_DepreciationRightofuseAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationRightofuseAssets_lbl" xml:lang="en-US">Depreciation, right-of-use assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationRightofuseAssets_lbl" xml:lang="en-US">Depreciation right of use assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationExpense" xlink:label="ifrs-full_DepreciationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationExpense" xlink:to="ifrs-full_DepreciationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationExpense_lbl" xml:lang="en-US">Depreciation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationExpense_lbl" xml:lang="en-US">Depreciation of tangible assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AffiliationContributionsAndTransfers" xlink:label="aval_AffiliationContributionsAndTransfers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AffiliationContributionsAndTransfers" xlink:to="aval_AffiliationContributionsAndTransfers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AffiliationContributionsAndTransfers_lbl" xml:lang="en-US">The amount of expenses relating to affiliation contributions and transfers.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AffiliationContributionsAndTransfers_lbl" xml:lang="en-US">Affiliation contributions and transfers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AffiliationContributionsAndTransfers_lbl" xml:lang="en-US">Affiliation contributions and transfers</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" xlink:label="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed" xlink:to="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Expense relating to leases of low-value assets for which recognition exemption has been used</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_ExpenseRelatingToLeasesOfLowvalueAssetsForWhichRecognitionExemptionHasBeenUsed_lbl" xml:lang="en-US">Leases (Rent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WarehouseExpense" xlink:label="aval_WarehouseExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WarehouseExpense" xlink:to="aval_WarehouseExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WarehouseExpense_lbl" xml:lang="en-US">Warehouse expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WarehouseExpense_lbl" xml:lang="en-US">Warehouse expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_WarehouseExpense_lbl" xml:lang="en-US">Warehouse services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OutsourcingServicesExpenses" xlink:label="aval_OutsourcingServicesExpenses" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OutsourcingServicesExpenses" xlink:to="aval_OutsourcingServicesExpenses_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OutsourcingServicesExpenses_lbl" xml:lang="en-US">The amount of expenses towards outsourcing services.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OutsourcingServicesExpenses_lbl" xml:lang="en-US">Outsourcing services expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OutsourcingServicesExpenses_lbl" xml:lang="en-US">Outsourcing services</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TransportationExpense" xlink:label="ifrs-full_TransportationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TransportationExpense" xlink:to="ifrs-full_TransportationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TransportationExpense_lbl" xml:lang="en-US">Transportation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TransportationExpense_lbl" xml:lang="en-US">Transportation services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LossesDueToClaims" xlink:label="aval_LossesDueToClaims" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LossesDueToClaims" xlink:to="aval_LossesDueToClaims_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LossesDueToClaims_lbl" xml:lang="en-US">The amount of expenses relating to the losses due to claims.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LossesDueToClaims_lbl" xml:lang="en-US">Losses Due To Claims</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_LossesDueToClaims_lbl" xml:lang="en-US">Losses due to claims</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CleaningAndSecurityServicesExpense" xlink:label="aval_CleaningAndSecurityServicesExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CleaningAndSecurityServicesExpense" xlink:to="aval_CleaningAndSecurityServicesExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CleaningAndSecurityServicesExpense_lbl" xml:lang="en-US">The amount of expenses relating to cleaning and security services.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CleaningAndSecurityServicesExpense_lbl" xml:lang="en-US">Cleaning and security services expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_CleaningAndSecurityServicesExpense_lbl" xml:lang="en-US">Cleaning and security services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TemporaryServicesExpense" xlink:label="aval_TemporaryServicesExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TemporaryServicesExpense" xlink:to="aval_TemporaryServicesExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TemporaryServicesExpense_lbl" xml:lang="en-US">Temporary services, expense.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TemporaryServicesExpense_lbl" xml:lang="en-US">Temporary Services, Expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_TemporaryServicesExpense_lbl" xml:lang="en-US">Temporary services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ElectronicDataProcessingExpense" xlink:label="aval_ElectronicDataProcessingExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ElectronicDataProcessingExpense" xlink:to="aval_ElectronicDataProcessingExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ElectronicDataProcessingExpense_lbl" xml:lang="en-US">The amount of expenses relating to electronic data processing.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ElectronicDataProcessingExpense_lbl" xml:lang="en-US">Electronic data processing expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ElectronicDataProcessingExpense_lbl" xml:lang="en-US">Data processing</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DonationsExpense" xlink:label="aval_DonationsExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DonationsExpense" xlink:to="aval_DonationsExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DonationsExpense_lbl" xml:lang="en-US">The amount of expenses relating to the donations expenses.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DonationsExpense_lbl" xml:lang="en-US">Donations Expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DonationsExpense_lbl" xml:lang="en-US">Donations expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LossFromSaleOfPropertyPlantAndEquipment" xlink:label="aval_LossFromSaleOfPropertyPlantAndEquipment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LossFromSaleOfPropertyPlantAndEquipment" xlink:to="aval_LossFromSaleOfPropertyPlantAndEquipment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LossFromSaleOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Loss from sale of property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LossFromSaleOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Loss from sale of property, plant and equipment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_LossFromSaleOfPropertyPlantAndEquipment_lbl" xml:lang="en-US">Loss from sale of property, plant and equipment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SuppliesAndStationary" xlink:label="aval_SuppliesAndStationary" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SuppliesAndStationary" xlink:to="aval_SuppliesAndStationary_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SuppliesAndStationary_lbl" xml:lang="en-US">The amount of expenses relating to Supplies and stationary.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SuppliesAndStationary_lbl" xml:lang="en-US">Supplies and stationary</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_SuppliesAndStationary_lbl" xml:lang="en-US">Supplies and stationary</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AdaptationAndInstallationExpense" xlink:label="aval_AdaptationAndInstallationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AdaptationAndInstallationExpense" xlink:to="aval_AdaptationAndInstallationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AdaptationAndInstallationExpense_lbl" xml:lang="en-US">The amount of expenses relating to adaptation and installation.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AdaptationAndInstallationExpense_lbl" xml:lang="en-US">Adaptation and installation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_AdaptationAndInstallationExpense_lbl" xml:lang="en-US">Adaptation and installation</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TravelExpense" xlink:label="ifrs-full_TravelExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TravelExpense" xlink:to="ifrs-full_TravelExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TravelExpense_lbl" xml:lang="en-US">Travel expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_TravelExpense_lbl" xml:lang="en-US">Travel expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DerecognitionOfAssetsExpense" xlink:label="aval_DerecognitionOfAssetsExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DerecognitionOfAssetsExpense" xlink:to="aval_DerecognitionOfAssetsExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DerecognitionOfAssetsExpense_lbl" xml:lang="en-US">Derecognition of assets, expense.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DerecognitionOfAssetsExpense_lbl" xml:lang="en-US">Derecognition Of Assets, Expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_DerecognitionOfAssetsExpense_lbl" xml:lang="en-US">Derecognition of assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ImpairmentLossesOnOtherAssets" xlink:label="aval_ImpairmentLossesOnOtherAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ImpairmentLossesOnOtherAssets" xlink:to="aval_ImpairmentLossesOnOtherAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ImpairmentLossesOnOtherAssets_lbl" xml:lang="en-US">The amount of expenses relating to the impairment losses on other assets.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ImpairmentLossesOnOtherAssets_lbl" xml:lang="en-US">Impairment Losses On Other Assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_ImpairmentLossesOnOtherAssets_lbl" xml:lang="en-US">Impairment losses other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_LossesOnDisposalsOfNoncurrentAssets" xlink:label="ifrs-full_LossesOnDisposalsOfNoncurrentAssets" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_LossesOnDisposalsOfNoncurrentAssets" xlink:to="ifrs-full_LossesOnDisposalsOfNoncurrentAssets_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_LossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US">Losses on disposals of non-current assets</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_LossesOnDisposalsOfNoncurrentAssets_lbl" xml:lang="en-US">Loss from sale of non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MiscellaneousOtherOperatingExpense" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MiscellaneousOtherOperatingExpense" xlink:to="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" xml:lang="en-US">Miscellaneous other operating expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_MiscellaneousOtherOperatingExpense_lbl" xml:lang="en-US">Other</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsNumberOfOperatingSegments" xlink:label="aval_IfrsNumberOfOperatingSegments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsNumberOfOperatingSegments" xlink:to="aval_IfrsNumberOfOperatingSegments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsNumberOfOperatingSegments_lbl" xml:lang="en-US">Number of operating segments. An operating segment is a component of an enterprise: (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same enterprise), (b) whose operating results are regularly reviewed by the enterprise's chief operating decision maker to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. An operating segment may engage in business activities for which it has yet to earn revenues, for example, start-up operations may be operating segments before earning revenues.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsNumberOfOperatingSegments_lbl" xml:lang="en-US">Ifrs Number of operating segments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IfrsNumberOfOperatingSegments_lbl" xml:lang="en-US">Number of operating segments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsTable" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsTable_lbl" xml:lang="en-US">Disclosure of operating segments [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentConsolidationItemsAxis" xlink:label="ifrs-full_SegmentConsolidationItemsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsAxis" xlink:to="ifrs-full_SegmentConsolidationItemsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentConsolidationItemsAxis_lbl" xml:lang="en-US">Segment consolidation items [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentConsolidationItemsDomain" xlink:label="ifrs-full_SegmentConsolidationItemsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentConsolidationItemsDomain" xlink:to="ifrs-full_SegmentConsolidationItemsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentConsolidationItemsDomain_lbl" xml:lang="en-US">Segment consolidation items [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingSegmentsMember" xlink:label="ifrs-full_OperatingSegmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingSegmentsMember" xlink:to="ifrs-full_OperatingSegmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingSegmentsMember_lbl" xml:lang="en-US">Operating segments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaterialReconcilingItemsMember" xlink:label="ifrs-full_MaterialReconcilingItemsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaterialReconcilingItemsMember" xlink:to="ifrs-full_MaterialReconcilingItemsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaterialReconcilingItemsMember_lbl" xml:lang="en-US">Material reconciling items [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_EliminationOfIntersegmentAmountsMember" xlink:to="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_EliminationOfIntersegmentAmountsMember_lbl" xml:lang="en-US">Elimination of intersegment amounts [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsAxis" xlink:label="ifrs-full_SegmentsAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsAxis" xlink:to="ifrs-full_SegmentsAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsAxis_lbl" xml:lang="en-US">Segments [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_SegmentsDomain" xlink:label="ifrs-full_SegmentsDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_SegmentsDomain" xlink:to="ifrs-full_SegmentsDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_SegmentsDomain_lbl" xml:lang="en-US">Segments [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ReportableSegmentsMember" xlink:label="ifrs-full_ReportableSegmentsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ReportableSegmentsMember" xlink:to="ifrs-full_ReportableSegmentsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ReportableSegmentsMember_lbl" xml:lang="en-US">Reportable segments [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BankingServicesMember" xlink:label="aval_BankingServicesMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BankingServicesMember" xlink:to="aval_BankingServicesMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BankingServicesMember_lbl" xml:lang="en-US">Banking Services [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BankingServicesMember_lbl" xml:lang="en-US">Banking Services [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_BankingServicesMember_lbl" xml:lang="en-US">Banking Services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_MerchantBankingMember" xlink:label="aval_MerchantBankingMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_MerchantBankingMember" xlink:to="aval_MerchantBankingMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_MerchantBankingMember_lbl" xml:lang="en-US">Merchant Banking [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_MerchantBankingMember_lbl" xml:lang="en-US">Merchant Banking [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_MerchantBankingMember_lbl" xml:lang="en-US">Merchant Banking</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PensionAndSeveranceFundManagementMember" xlink:label="aval_PensionAndSeveranceFundManagementMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PensionAndSeveranceFundManagementMember" xlink:to="aval_PensionAndSeveranceFundManagementMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PensionAndSeveranceFundManagementMember_lbl" xml:lang="en-US">Pension and Severance Fund Management [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PensionAndSeveranceFundManagementMember_lbl" xml:lang="en-US">Pension and Severance Fund Management [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PensionAndSeveranceFundManagementMember_lbl" xml:lang="en-US">Pension and Severance Fund Management</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_HoldingMember" xlink:label="aval_HoldingMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_HoldingMember" xlink:to="aval_HoldingMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_HoldingMember_lbl" xml:lang="en-US">Holding [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_HoldingMember_lbl" xml:lang="en-US">Holding [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_HoldingMember_lbl" xml:lang="en-US">Holding</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfOperatingSegmentsLineItems" xlink:to="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfOperatingSegmentsLineItems_lbl" xml:lang="en-US">Disclosure of operating segments [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherAssetsTotal" xlink:label="aval_OtherAssetsTotal" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherAssetsTotal" xlink:to="aval_OtherAssetsTotal_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherAssetsTotal_lbl" xml:lang="en-US">The amount of assets that the entity does not separately disclose in the same statement or note.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherAssetsTotal_lbl" xml:lang="en-US">Other Assets Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherAssetsTotal_lbl" xml:lang="en-US">Other assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup" xlink:label="aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup" xlink:to="aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup_lbl" xml:lang="en-US">Non-current assets or disposal groups classified as held for sale, assets of disposal group</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup_lbl" xml:lang="en-US">Noncurrent assets or disposal groups classified as held for sale, assets of disposal group</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAssetsOfDisposalGroup_lbl" xml:lang="en-US">Non-current assets held for sale</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherLiabilitiesTotal" xlink:label="aval_OtherLiabilitiesTotal" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherLiabilitiesTotal" xlink:to="aval_OtherLiabilitiesTotal_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherLiabilitiesTotal_lbl" xml:lang="en-US">The amount of liabilities that the entity does not separately disclose in the same statement or note.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherLiabilitiesTotal_lbl" xml:lang="en-US">Other liabilities Total</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherLiabilitiesTotal_lbl" xml:lang="en-US">Other liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ExternalIncomeAbstract" xlink:label="aval_ExternalIncomeAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ExternalIncomeAbstract" xlink:to="aval_ExternalIncomeAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ExternalIncomeAbstract_lbl" xml:lang="en-US">External Income [Abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ExternalIncomeAbstract_lbl" xml:lang="en-US">Income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet" xlink:label="aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet" xlink:to="aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet_lbl" xml:lang="en-US">The amount of net income from financial instruments designated at fair value.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet_lbl" xml:lang="en-US">Income From Financial Instruments Designated At Fair Value Net</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_IncomeFromFinancialInstrumentsDesignatedAtFairValueNet_lbl" xml:lang="en-US">Net income from other financial instruments mandatorily at fair value through profit or loss</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherFinanceIncomeCost" xlink:label="ifrs-full_OtherFinanceIncomeCost" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherFinanceIncomeCost" xlink:to="ifrs-full_OtherFinanceIncomeCost_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherFinanceIncomeCost_lbl" xml:lang="en-US">Other finance income (cost)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherFinanceIncomeCost_lbl" xml:lang="en-US">Other income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ImpairmentLossRecognisedInProfitOrLossLoansAndAdvances" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossLoansAndAdvances" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ImpairmentLossRecognisedInProfitOrLossLoansAndAdvances" xlink:to="ifrs-full_ImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_lbl" xml:lang="en-US">Impairment loss recognised in profit or loss, loans and advances</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_ImpairmentLossRecognisedInProfitOrLossLoansAndAdvances_lbl" xml:lang="en-US">Net impairment loss on financial assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DepreciationAndAmortisationExpense" xlink:label="ifrs-full_DepreciationAndAmortisationExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DepreciationAndAmortisationExpense" xlink:to="ifrs-full_DepreciationAndAmortisationExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US">Depreciation and amortisation expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_DepreciationAndAmortisationExpense_lbl" xml:lang="en-US">Depreciation and amortization</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AdministrativeExpense" xlink:label="ifrs-full_AdministrativeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AdministrativeExpense" xlink:to="ifrs-full_AdministrativeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">Administrative expenses</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_AdministrativeExpense_lbl" xml:lang="en-US">Administrative expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherIncomeExpense" xlink:label="aval_OtherIncomeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherIncomeExpense" xlink:to="aval_OtherIncomeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherIncomeExpense_lbl" xml:lang="en-US">Other income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherIncomeExpense_lbl" xml:lang="en-US">Other income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OtherIncomeExpense_lbl" xml:lang="en-US">Other expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OperatingIncomeOther" xlink:label="aval_OperatingIncomeOther" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OperatingIncomeOther" xlink:to="aval_OperatingIncomeOther_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OperatingIncomeOther_lbl" xml:lang="en-US">Operating income, other</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OperatingIncomeOther_lbl" xml:lang="en-US">Operating income, other</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OperatingIncomeOther_lbl" xml:lang="en-US">Other operating income</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OperatingExpenseOther" xlink:label="aval_OperatingExpenseOther" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OperatingExpenseOther" xlink:to="aval_OperatingExpenseOther_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OperatingExpenseOther_lbl" xml:lang="en-US">Operating expense, other</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OperatingExpenseOther_lbl" xml:lang="en-US">Operating expense, other</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_OperatingExpenseOther_lbl" xml:lang="en-US">Other operating expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:label="ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TimingOfTransferOfGoodsOrServicesAxis" xlink:to="ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TimingOfTransferOfGoodsOrServicesAxis_lbl" xml:lang="en-US">Timing of transfer of goods or services [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:label="ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TimingOfTransferOfGoodsOrServicesDomain" xlink:to="ifrs-full_TimingOfTransferOfGoodsOrServicesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TimingOfTransferOfGoodsOrServicesDomain_lbl" xml:lang="en-US">Timing of transfer of goods or services [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:label="ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember" xlink:to="ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodsOrServicesTransferredAtPointInTimeMember_lbl" xml:lang="en-US">Goods or services transferred at point in time [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:label="ifrs-full_GoodsOrServicesTransferredOverTimeMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_GoodsOrServicesTransferredOverTimeMember" xlink:to="ifrs-full_GoodsOrServicesTransferredOverTimeMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_GoodsOrServicesTransferredOverTimeMember_lbl" xml:lang="en-US">Goods or services transferred over time [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueFromContractsWithCustomers" xlink:label="ifrs-full_RevenueFromContractsWithCustomers" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueFromContractsWithCustomers" xlink:to="ifrs-full_RevenueFromContractsWithCustomers_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueFromContractsWithCustomers_lbl" xml:lang="en-US">Revenue from contracts with customers</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_RevenueFromContractsWithCustomers_lbl" xml:lang="en-US">Revenue from contracts with customers</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_CommissionsAndFeesFromBondedWarehouseServices" xlink:label="aval_CommissionsAndFeesFromBondedWarehouseServices" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_CommissionsAndFeesFromBondedWarehouseServices" xlink:to="aval_CommissionsAndFeesFromBondedWarehouseServices_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_CommissionsAndFeesFromBondedWarehouseServices_lbl" xml:lang="en-US">Commissions and fees from bonded warehouse services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_CommissionsAndFeesFromBondedWarehouseServices_lbl" xml:lang="en-US">Commissions And Fees From Bonded Warehouse Services</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_CommissionsAndFeesFromBondedWarehouseServices_lbl" xml:lang="en-US">Bonded warehouse services</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IncomeFromGoodsAndServicesFromNonFinancialSector" xlink:label="aval_IncomeFromGoodsAndServicesFromNonFinancialSector" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IncomeFromGoodsAndServicesFromNonFinancialSector" xlink:to="aval_IncomeFromGoodsAndServicesFromNonFinancialSector_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IncomeFromGoodsAndServicesFromNonFinancialSector_lbl" xml:lang="en-US">The amount of income from goods and services from non-financial sector.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IncomeFromGoodsAndServicesFromNonFinancialSector_lbl" xml:lang="en-US">Income From Goods And Services From Non-Financial Sector</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IncomeFromGoodsAndServicesFromNonFinancialSector_lbl" xml:lang="en-US">Income from goods and services from non-financial sector</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense" xlink:label="aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense" xlink:to="aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense_lbl" xml:lang="en-US">Other finance income (cost), including income from financial instruments designated at fair value, net and trading income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense_lbl" xml:lang="en-US">Other finance income (cost), including income from financial instruments designated at fair value, net and trading income (expense)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OtherFinanceIncomeCostIncludingIncomeFromFinancialInstrumentsDesignatedAtFairValueNetAndTradingIncomeExpense_lbl" xml:lang="en-US">Other income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesTable" xlink:to="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesTable_lbl" xml:lang="en-US">Disclosure of unconsolidated structured entities [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ManagedFundsMember" xlink:label="aval_ManagedFundsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ManagedFundsMember" xlink:to="aval_ManagedFundsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ManagedFundsMember_lbl" xml:lang="en-US">Managed funds [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ManagedFundsMember_lbl" xml:lang="en-US">Managed funds [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems" xlink:to="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfUnconsolidatedStructuredEntitiesLineItems_lbl" xml:lang="en-US">Disclosure of unconsolidated structured entities [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities" xlink:to="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl" xml:lang="en-US">Assets recognised in entity's financial statements in relation to structured entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AssetsRecognisedInEntitysFinancialStatementsInRelationToStructuredEntities_lbl" xml:lang="en-US">Total assets in relation to the Grupo Aval's interests in the unconsolidated structured entities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities" xlink:to="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl" xml:lang="en-US">Maximum exposure to loss from interests in structured entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_MaximumExposureToLossFromInterestsInStructuredEntities_lbl" xml:lang="en-US">Grupo Aval's maximum exposure</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PercentageOfTotalAssetsRepresentingMaximumExposure" xlink:label="aval_PercentageOfTotalAssetsRepresentingMaximumExposure" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PercentageOfTotalAssetsRepresentingMaximumExposure" xlink:to="aval_PercentageOfTotalAssetsRepresentingMaximumExposure_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PercentageOfTotalAssetsRepresentingMaximumExposure_lbl" xml:lang="en-US">Represents the percentage of total assets representing maximum exposure.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PercentageOfTotalAssetsRepresentingMaximumExposure_lbl" xml:lang="en-US">Percentage Of Total Assets Representing Maximum Exposure</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_PercentageOfTotalAssetsRepresentingMaximumExposure_lbl" xml:lang="en-US">Percentage of total assets</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesTable_lbl" xml:lang="en-US">Disclosure of transactions between related parties [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesAxis" xlink:to="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfRelatedPartiesAxis_lbl" xml:lang="en-US">Categories of related parties [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:label="ifrs-full_CategoriesOfRelatedPartiesDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_CategoriesOfRelatedPartiesDomain" xlink:to="ifrs-full_CategoriesOfRelatedPartiesDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_CategoriesOfRelatedPartiesDomain_lbl" xml:lang="en-US">Categories of related parties [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IndividualsWithControlOverEntityMember" xlink:label="aval_IndividualsWithControlOverEntityMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IndividualsWithControlOverEntityMember" xlink:to="aval_IndividualsWithControlOverEntityMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IndividualsWithControlOverEntityMember_lbl" xml:lang="en-US">This member stands for individuals with control over entity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IndividualsWithControlOverEntityMember_lbl" xml:lang="en-US">Individuals with Control Over Entity [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:label="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember" xlink:to="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelOfEntityOrParentMember_lbl" xml:lang="en-US">Key management personnel of entity or parent [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_EntitiesControlledbyIndividualsMember" xlink:label="aval_EntitiesControlledbyIndividualsMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_EntitiesControlledbyIndividualsMember" xlink:to="aval_EntitiesControlledbyIndividualsMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_EntitiesControlledbyIndividualsMember_lbl" xml:lang="en-US">Entities controlled by individuals [Member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_JointControlOrSignificantInfluenceMember" xlink:label="ifrs-full_JointControlOrSignificantInfluenceMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_JointControlOrSignificantInfluenceMember" xlink:to="ifrs-full_JointControlOrSignificantInfluenceMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_JointControlOrSignificantInfluenceMember_lbl" xml:lang="en-US">Entities with joint control or significant influence over entity [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IbrRateThreeMMember" xlink:label="aval_IbrRateThreeMMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IbrRateThreeMMember" xlink:to="aval_IbrRateThreeMMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IbrRateThreeMMember_lbl" xml:lang="en-US">This member stands for IBR rate 3M.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IbrRateThreeMMember_lbl" xml:lang="en-US">IBR Rate Three M [Member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IbrRateThreeMMember_lbl" xml:lang="en-US">IBR rate 3M</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SofrRateThreeMMember" xlink:label="aval_SofrRateThreeMMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SofrRateThreeMMember" xlink:to="aval_SofrRateThreeMMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SofrRateThreeMMember_lbl" xml:lang="en-US">This member stands for SOFR rate 3M.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SofrRateThreeMMember_lbl" xml:lang="en-US">SOFR Rate Three M [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SofrRateThreeMMember_lbl" xml:lang="en-US">SOFR rate 3M</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems" xlink:to="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfTransactionsBetweenRelatedPartiesLineItems_lbl" xml:lang="en-US">Disclosure of transactions between related parties [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_FinancialAssetsInInvestments" xlink:label="aval_FinancialAssetsInInvestments" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_FinancialAssetsInInvestments" xlink:to="aval_FinancialAssetsInInvestments_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_FinancialAssetsInInvestments_lbl" xml:lang="en-US">The amount of financial assets in investments in subsidiaries, joint ventures and associates, individuals in an entity's separate financial statements.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_FinancialAssetsInInvestments_lbl" xml:lang="en-US">Financial assets in investments</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_FinancialAssetsInInvestments_lbl" xml:lang="en-US">Financial assets in investments</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeReceivables" xlink:label="ifrs-full_TradeReceivables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeReceivables" xlink:to="ifrs-full_TradeReceivables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US">Trade receivables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeReceivables_lbl" xml:lang="en-US">Financial assets in credit operations</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties" xlink:to="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xml:lang="en-US">Receivables due from related parties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_TradeAndOtherReceivablesDueFromRelatedParties_lbl" xml:lang="en-US">Accounts receivable</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_TradeAndOtherPayables" xlink:label="ifrs-full_TradeAndOtherPayables" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_TradeAndOtherPayables" xlink:to="ifrs-full_TradeAndOtherPayables_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_TradeAndOtherPayables_lbl" xml:lang="en-US">Trade and other payables</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_TradeAndOtherPayables_lbl" xml:lang="en-US">Accounts payable</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_IfrsLoansAndLeasesReceivableRelatedParties" xlink:label="aval_IfrsLoansAndLeasesReceivableRelatedParties" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_IfrsLoansAndLeasesReceivableRelatedParties" xlink:to="aval_IfrsLoansAndLeasesReceivableRelatedParties_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_IfrsLoansAndLeasesReceivableRelatedParties_lbl" xml:lang="en-US">For an unclassified balance sheet, reflects the carrying amount of unpaid loan amounts due from related parties at the balance sheet date.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_IfrsLoansAndLeasesReceivableRelatedParties_lbl" xml:lang="en-US">IFRS Loans and Leases Receivable, Related Parties</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_IfrsLoansAndLeasesReceivableRelatedParties_lbl" xml:lang="en-US">Loans receivable, related party</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LoanReceivableTerm" xlink:label="aval_LoanReceivableTerm" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LoanReceivableTerm" xlink:to="aval_LoanReceivableTerm_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LoanReceivableTerm_lbl" xml:lang="en-US">Loan Receivable Term</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LoanReceivableTerm_lbl" xml:lang="en-US">Loan Receivable Term</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_LoanReceivableTerm_lbl" xml:lang="en-US">Loan receivable term</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_InvestmentInterestRateSpreadOnVariableRate" xlink:label="aval_InvestmentInterestRateSpreadOnVariableRate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_InvestmentInterestRateSpreadOnVariableRate" xlink:to="aval_InvestmentInterestRateSpreadOnVariableRate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_InvestmentInterestRateSpreadOnVariableRate_lbl" xml:lang="en-US">Investment interest rate, spread on variable rate.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_InvestmentInterestRateSpreadOnVariableRate_lbl" xml:lang="en-US">Investment Interest Rate, Spread on Variable Rate</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_InvestmentInterestRateSpreadOnVariableRate_lbl" xml:lang="en-US">Variable rate</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRelatedPartyTable" xlink:label="aval_DisclosureOfRelatedPartyTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfRelatedPartyTable" xlink:to="aval_DisclosureOfRelatedPartyTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRelatedPartyTable_lbl" xml:lang="en-US">Disclosure of related party [Table]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfRelatedPartyTable_lbl" xml:lang="en-US">Disclosure Of Related Party [Table]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DisclosureOfRelatedPartyLineItems" xlink:label="aval_DisclosureOfRelatedPartyLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_DisclosureOfRelatedPartyLineItems" xlink:to="aval_DisclosureOfRelatedPartyLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DisclosureOfRelatedPartyLineItems_lbl" xml:lang="en-US">Disclosure of related party [Line Items]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="aval_DisclosureOfRelatedPartyLineItems_lbl" xml:lang="en-US">Disclosure of Related Party [Line Items]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_RevenueAbstract" xlink:label="ifrs-full_RevenueAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_RevenueAbstract" xlink:to="ifrs-full_RevenueAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_RevenueAbstract_lbl" xml:lang="en-US">Revenue [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_RevenueAbstract_lbl" xml:lang="en-US">Income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingLeaseIncome" xlink:label="ifrs-full_OperatingLeaseIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingLeaseIncome" xlink:to="ifrs-full_OperatingLeaseIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingLeaseIncome_lbl" xml:lang="en-US">Operating lease income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_OperatingLeaseIncome_lbl" xml:lang="en-US">Leases</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OtherIncome" xlink:label="ifrs-full_OtherIncome" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OtherIncome" xlink:to="ifrs-full_OtherIncome_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other income</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_OtherIncome_lbl" xml:lang="en-US">Other income</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ExpenseByNatureAbstract" xlink:label="ifrs-full_ExpenseByNatureAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ExpenseByNatureAbstract" xlink:to="ifrs-full_ExpenseByNatureAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ExpenseByNatureAbstract_lbl" xml:lang="en-US">Expenses by nature [abstract]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_ExpenseByNatureAbstract_lbl" xml:lang="en-US">Expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_FinanceCosts" xlink:label="ifrs-full_FinanceCosts" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_FinanceCosts" xlink:to="ifrs-full_FinanceCosts_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_FinanceCosts_lbl" xml:lang="en-US">Finance costs</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedTerseLabel" xlink:label="ifrs-full_FinanceCosts_lbl" xml:lang="en-US">Financial expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_OperatingExpense" xlink:label="ifrs-full_OperatingExpense" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_OperatingExpense" xlink:to="ifrs-full_OperatingExpense_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_OperatingExpense_lbl" xml:lang="en-US">Operating expense</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="ifrs-full_OperatingExpense_lbl" xml:lang="en-US">Operating expenses</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_Salaries" xlink:label="aval_Salaries" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_Salaries" xlink:to="aval_Salaries_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_Salaries_lbl" xml:lang="en-US">The amount of salaries paid to key management personnel.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_Salaries_lbl" xml:lang="en-US">Salaries</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_Salaries_lbl" xml:lang="en-US">Salaries</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xml:lang="en-US">Key management personnel compensation, short-term employee benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationShorttermEmployeeBenefits_lbl" xml:lang="en-US">Short term benefits for employees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xml:lang="en-US">Key management personnel compensation, termination benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationTerminationBenefits_lbl" xml:lang="en-US">Termination benefits</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits" xlink:label="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits" xlink:to="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits_lbl" xml:lang="en-US">Key management personnel compensation, other long-term employee benefits</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensationOtherLongtermBenefits_lbl" xml:lang="en-US">Long term benefits for employees</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_KeyManagementPersonnelCompensationFee" xlink:label="aval_KeyManagementPersonnelCompensationFee" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_KeyManagementPersonnelCompensationFee" xlink:to="aval_KeyManagementPersonnelCompensationFee_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_KeyManagementPersonnelCompensationFee_lbl" xml:lang="en-US">The amount of fees paid to key management personnel.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_KeyManagementPersonnelCompensationFee_lbl" xml:lang="en-US">Key Management Personnel Compensation, Fee</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_KeyManagementPersonnelCompensationFee_lbl" xml:lang="en-US">Fees</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_KeyManagementPersonnelCompensation" xlink:label="ifrs-full_KeyManagementPersonnelCompensation" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_KeyManagementPersonnelCompensation" xlink:to="ifrs-full_KeyManagementPersonnelCompensation_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US">Key management personnel compensation</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_KeyManagementPersonnelCompensation_lbl" xml:lang="en-US">Total</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ZelestraCorporacionSauMember" xlink:label="aval_ZelestraCorporacionSauMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ZelestraCorporacionSauMember" xlink:to="aval_ZelestraCorporacionSauMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ZelestraCorporacionSauMember_lbl" xml:lang="en-US">Zelestra Corporacion S.A.U. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ZelestraCorporacionSauMember_lbl" xml:lang="en-US">Zelestra Corporacion SAU [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_BancoItauColombiaSaAndBancoItauPanamaRetailBankingBusinessMember" xlink:label="aval_BancoItauColombiaSaAndBancoItauPanamaRetailBankingBusinessMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_BancoItauColombiaSaAndBancoItauPanamaRetailBankingBusinessMember" xlink:to="aval_BancoItauColombiaSaAndBancoItauPanamaRetailBankingBusinessMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_BancoItauColombiaSaAndBancoItauPanamaRetailBankingBusinessMember_lbl" xml:lang="en-US">Banco Itau Colombia S.A. and Banco Itau Panama, retail banking business [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_BancoItauColombiaSaAndBancoItauPanamaRetailBankingBusinessMember_lbl" xml:lang="en-US">Banco Itau Colombia SA and Banco Itau Panama, retail banking business [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RenewableEnergyContractualCapacity" xlink:label="aval_RenewableEnergyContractualCapacity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RenewableEnergyContractualCapacity" xlink:to="aval_RenewableEnergyContractualCapacity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RenewableEnergyContractualCapacity_lbl" xml:lang="en-US">Renewable energy contractual capacity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RenewableEnergyContractualCapacity_lbl" xml:lang="en-US">Renewable Energy Contractual Capacity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RenewableEnergyContractualCapacity_lbl" xml:lang="en-US">Renewable energy contractual capacity</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RenewableEnergyPotentialCapacity" xlink:label="aval_RenewableEnergyPotentialCapacity" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RenewableEnergyPotentialCapacity" xlink:to="aval_RenewableEnergyPotentialCapacity_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RenewableEnergyPotentialCapacity_lbl" xml:lang="en-US">Renewable energy potential capacity.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RenewableEnergyPotentialCapacity_lbl" xml:lang="en-US">Renewable Energy Potential Capacity</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RenewableEnergyPotentialCapacity_lbl" xml:lang="en-US">Renewable energy potential capacity</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_RetailBankingClientsTransferred" xlink:label="aval_RetailBankingClientsTransferred" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_RetailBankingClientsTransferred" xlink:to="aval_RetailBankingClientsTransferred_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_RetailBankingClientsTransferred_lbl" xml:lang="en-US">Retail banking clients transferred.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_RetailBankingClientsTransferred_lbl" xml:lang="en-US">Retail Banking Clients Transferred</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_RetailBankingClientsTransferred_lbl" xml:lang="en-US">Retail banking clients transferred</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodTable_lbl" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [table]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodAxis_lbl" xml:lang="en-US">Non-adjusting events after reporting period [axis]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain" xlink:to="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_NonadjustingEventsAfterReportingPeriodDomain_lbl" xml:lang="en-US">Non-adjusting events after reporting period [domain]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_MajorBusinessCombinationMember" xlink:label="ifrs-full_MajorBusinessCombinationMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_MajorBusinessCombinationMember" xlink:to="ifrs-full_MajorBusinessCombinationMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_MajorBusinessCombinationMember_lbl" xml:lang="en-US">Major business combination [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SenciaSasMember" xlink:label="aval_SenciaSasMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SenciaSasMember" xlink:to="aval_SenciaSasMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SenciaSasMember_lbl" xml:lang="en-US">Sencia S.A.S. [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SenciaSasMember_lbl" xml:lang="en-US">Sencia SAS [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems" xlink:to="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisclosureOfNonadjustingEventsAfterReportingPeriodLineItems_lbl" xml:lang="en-US">Disclosure of non-adjusting events after reporting period [line items]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcessionEstimatedTerm" xlink:label="aval_ConcessionEstimatedTerm" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcessionEstimatedTerm" xlink:to="aval_ConcessionEstimatedTerm_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcessionEstimatedTerm_lbl" xml:lang="en-US">Concession, estimated term</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcessionEstimatedTerm_lbl" xml:lang="en-US">Concession, estimated term</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcessionEstimatedTerm_lbl" xml:lang="en-US">Concession, estimated term</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcessionEstimatedInvestment" xlink:label="aval_ConcessionEstimatedInvestment" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcessionEstimatedInvestment" xlink:to="aval_ConcessionEstimatedInvestment_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcessionEstimatedInvestment_lbl" xml:lang="en-US">Concession, estimated investment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcessionEstimatedInvestment_lbl" xml:lang="en-US">Concession, estimated investment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcessionEstimatedInvestment_lbl" xml:lang="en-US">Concession, estimated investment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ConcessionInvestmentConstructionPeriod" xlink:label="aval_ConcessionInvestmentConstructionPeriod" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ConcessionInvestmentConstructionPeriod" xlink:to="aval_ConcessionInvestmentConstructionPeriod_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ConcessionInvestmentConstructionPeriod_lbl" xml:lang="en-US">Concession, investment construction period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ConcessionInvestmentConstructionPeriod_lbl" xml:lang="en-US">Concession, investment construction period</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ConcessionInvestmentConstructionPeriod_lbl" xml:lang="en-US">Concession, investment construction period</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferredAbstract" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferredAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferredAbstract" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferredAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferredAbstract_lbl" xml:lang="en-US">Acquisition-date fair value of total consideration transferred [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred" xlink:to="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Consideration transferred, acquisition-date fair value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Fair value of total consideration transferred</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_AcquisitiondateFairValueOfTotalConsiderationTransferred_lbl" xml:lang="en-US">Payment amount</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract" xlink:label="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract" xlink:to="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_AmountsRecognisedAsOfAcquisitionDateForEachMajorClassOfAssetsAcquiredAndLiabilitiesAssumedAbstract_lbl" xml:lang="en-US">Amounts recognised as of acquisition date for each major class of assets acquired and liabilities assumed [abstract]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_AssetsTotalRecognisedAsOfAcquisitionDate" xlink:label="aval_AssetsTotalRecognisedAsOfAcquisitionDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_AssetsTotalRecognisedAsOfAcquisitionDate" xlink:to="aval_AssetsTotalRecognisedAsOfAcquisitionDate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_AssetsTotalRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Assets, total, recognised as of acquisition date</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_AssetsTotalRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Assets, total, recognised as of acquisition date</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_AssetsTotalRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Total assets</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate" xlink:label="aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate" xlink:to="aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Liabilities, total, recognised as of acquisition date</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Liabilities, total, recognised as of acquisition date</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2009/role/negatedLabel" xlink:label="aval_LiabilitiesTotalRecognisedAsOfAcquisitionDate_lbl" xml:lang="en-US">Total liabilities</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed" xlink:to="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xml:lang="en-US">Identifiable assets acquired (liabilities assumed)</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="ifrs-full_IdentifiableAssetsAcquiredLiabilitiesAssumed_lbl" xml:lang="en-US">Net of assets acquired and liabilities assumed from Sencia</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue" xlink:label="aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue" xlink:to="aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue_lbl" xml:lang="en-US">Net identifiable assets acquired (liabilities assumed), book value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue_lbl" xml:lang="en-US">Net identifiable assets acquired (liabilities assumed), book value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NetIdentifiableAssetsAcquiredLiabilitiesAssumedBookValue_lbl" xml:lang="en-US">Book value of the percentage acquired</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_PartialSpinOffMember" xlink:label="aval_PartialSpinOffMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_PartialSpinOffMember" xlink:to="aval_PartialSpinOffMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_PartialSpinOffMember_lbl" xml:lang="en-US">Partial spin-off [member]</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_PartialSpinOffMember_lbl" xml:lang="en-US">Partial spin-off [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_SharesIssuedForSpinOffValue" xlink:label="aval_SharesIssuedForSpinOffValue" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_SharesIssuedForSpinOffValue" xlink:to="aval_SharesIssuedForSpinOffValue_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_SharesIssuedForSpinOffValue_lbl" xml:lang="en-US">Shares issued for spin-off, value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_SharesIssuedForSpinOffValue_lbl" xml:lang="en-US">Shares issued for spin-off, value</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_SharesIssuedForSpinOffValue_lbl" xml:lang="en-US">Shares issued for spin off, value</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:label="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember" xlink:to="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_ChangesInTaxRatesOrTaxLawsEnactedOrAnnouncedMember_lbl" xml:lang="en-US">Changes in tax rates or tax laws enacted or announced [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WealthTaxTaxValueUnit" xlink:label="aval_WealthTaxTaxValueUnit" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WealthTaxTaxValueUnit" xlink:to="aval_WealthTaxTaxValueUnit_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WealthTaxTaxValueUnit_lbl" xml:lang="en-US">Wealth tax, tax value unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WealthTaxTaxValueUnit_lbl" xml:lang="en-US">Wealth tax, tax value unit</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_WealthTaxTaxValueUnit_lbl" xml:lang="en-US">Wealth tax, tax value unit</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities" xlink:label="aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities" xlink:to="aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities_lbl" xml:lang="en-US">Applicable tax rate, wealth tax, financial and extractive entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities_lbl" xml:lang="en-US">Applicable tax rate, wealth tax, financial and extractive entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ApplicableTaxRateWealthTaxFinancialAndExtractiveEntities_lbl" xml:lang="en-US">Applicable tax rate, wealth tax, financial and extractive entities (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities" xlink:label="aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities" xlink:to="aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities_lbl" xml:lang="en-US">Applicable tax rate, wealth tax, all other entities excluding financial and extractive entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities_lbl" xml:lang="en-US">Applicable tax rate, wealth tax, all other entities excluding financial and extractive entities</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_ApplicableTaxRateWealthTaxAllOtherEntitiesExcludingFinancialAndExtractiveEntities_lbl" xml:lang="en-US">Applicable tax rate, wealth tax, all other entities excluding financial and extractive entities (as a percent)</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_WealthTaxEstimatedLiability" xlink:label="aval_WealthTaxEstimatedLiability" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_WealthTaxEstimatedLiability" xlink:to="aval_WealthTaxEstimatedLiability_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_WealthTaxEstimatedLiability_lbl" xml:lang="en-US">Wealth tax, estimated liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_WealthTaxEstimatedLiability_lbl" xml:lang="en-US">Wealth tax, estimated liability</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_WealthTaxEstimatedLiability_lbl" xml:lang="en-US">Wealth tax, estimated liability</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DisposalOfMajorSubsidiaryMember" xlink:label="ifrs-full_DisposalOfMajorSubsidiaryMember" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="ifrs-full_DisposalOfMajorSubsidiaryMember" xlink:to="ifrs-full_DisposalOfMajorSubsidiaryMember_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DisposalOfMajorSubsidiaryMember_lbl" xml:lang="en-US">Disposal of major subsidiary [member]</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_NonCurrentAssetsHeldForSaleTransactionPrice" xlink:label="aval_NonCurrentAssetsHeldForSaleTransactionPrice" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_NonCurrentAssetsHeldForSaleTransactionPrice" xlink:to="aval_NonCurrentAssetsHeldForSaleTransactionPrice_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_NonCurrentAssetsHeldForSaleTransactionPrice_lbl" xml:lang="en-US">Non-current assets held for sale, transaction price</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_NonCurrentAssetsHeldForSaleTransactionPrice_lbl" xml:lang="en-US">Non-current assets held for sale, transaction price</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_NonCurrentAssetsHeldForSaleTransactionPrice_lbl" xml:lang="en-US">Non-current assets held for sale, transaction price</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OccasionalReserveReleasedForDistribution" xlink:label="aval_OccasionalReserveReleasedForDistribution" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OccasionalReserveReleasedForDistribution" xlink:to="aval_OccasionalReserveReleasedForDistribution_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OccasionalReserveReleasedForDistribution_lbl" xml:lang="en-US">The amount of occasional reserve released to the shareholders for distribution.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OccasionalReserveReleasedForDistribution_lbl" xml:lang="en-US">Occasional reserve released for distribution</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OccasionalReserveReleasedForDistribution_lbl" xml:lang="en-US">Occasional reserve release at the disposal of the General Meeting of Shareholders</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_TotalIncomeAvailableForDistribution" xlink:label="aval_TotalIncomeAvailableForDistribution" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_TotalIncomeAvailableForDistribution" xlink:to="aval_TotalIncomeAvailableForDistribution_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_TotalIncomeAvailableForDistribution_lbl" xml:lang="en-US">The amount of net income and occasional reserve available for distribution of the the shareholders.</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_TotalIncomeAvailableForDistribution_lbl" xml:lang="en-US">Total income available for distribution</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/totalLabel" xlink:label="aval_TotalIncomeAvailableForDistribution_lbl" xml:lang="en-US">Total Income available for disposal of the General Meeting of Shareholders</link:label>
    <link:loc xlink:type="locator" xlink:href="https://xbrl.ifrs.org/taxonomy/2025-03-27/full_ifrs/full_ifrs-cor_2025-03-27.xsd#ifrs-full_DescriptionOfMethodsUsedToMeasureFairValueOfNoncashAssetsDeclaredForDistributionToOwnersBeforeFinancialStatementsAuthorisedForIssue" xlink:label="ifrs-full_DescriptionOfMethodsUsedToMeasureFairValueOfNoncashAssetsDeclaredForDistributionToOwnersBeforeFinancialStatementsAuthorisedForIssue" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="ifrs-full_DescriptionOfMethodsUsedToMeasureFairValueOfNoncashAssetsDeclaredForDistributionToOwnersBeforeFinancialStatementsAuthorisedForIssue_lbl" xml:lang="en-US">Description of methods used to measure fair value of non-cash assets declared for distribution to owners before financial statements authorised for issue</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/verboseLabel" xlink:label="ifrs-full_DescriptionOfMethodsUsedToMeasureFairValueOfNoncashAssetsDeclaredForDistributionToOwnersBeforeFinancialStatementsAuthorisedForIssue_lbl" xml:lang="en-US">Declared dividends information</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerSharePerInstallment" xlink:label="aval_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerSharePerInstallment" />
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    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerSharePerInstallment_lbl" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share, per installment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerSharePerInstallment_lbl" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share, per installment</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_DividendsProposedOrDeclaredBeforeFinancialStatementsAuthorisedForIssueButNotRecognisedAsDistributionToOwnersPerSharePerInstallment_lbl" xml:lang="en-US">Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share, per installment</link:label>
    <link:loc xlink:type="locator" xlink:href="aval-20251231.xsd#aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting" xlink:label="aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting" />
    <link:labelArc xlink:type="arc" xlink:arcrole="http://www.xbrl.org/2003/arcrole/concept-label" xlink:from="aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting" xlink:to="aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting_lbl" />
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/documentation" xlink:label="aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting_lbl" xml:lang="en-US">Occasional reserve, amount to reserve at disposal of shareholder meeting</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/label" xlink:label="aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting_lbl" xml:lang="en-US">Occasional reserve, amount to reserve at disposal of shareholder meeting</link:label>
    <link:label xlink:type="resource" xlink:role="http://www.xbrl.org/2003/role/terseLabel" xlink:label="aval_OccasionalReserveAmountToReserveAtDisposalOfShareholderMeeting_lbl" xml:lang="en-US">To Occasional reserve at the disposal of General Meeting of Shareholders</link:label>
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