(Reuters) – Colombian financial company Grupo Aval reported on Wednesday a larger than six-fold rise in its third-quarter net income, reaching 415.7 billion Colombian pesos ($ 94.18 million).
The firm’s charge of curiosity earnings all through the July- to-September period, nonetheless, dropped 6.3% contrasted to the year-ago period to resolve at 6.87 trillion pesos.
The enterprise linked the rise in quarterly earnings on larger earnings from monetary investments.
Grupo Aval, whose profile consists of Colombian mortgage suppliers Banco de Bogota, Banco de Occidente and pension plan fund Porvenir, claimed its expense of menace diminished by 59 foundation components from the earlier 12 months to land at 1.19%.
($ 1 = 4,413.79 Colombian pesos)
(Reporting by Aida Pelaez-Fernandez; Editing by David Alire Garcia)
