1972 - The beginning of this great project

It had its origin in the Las Villas Savings and Housing Corporation, an entity created in 1972, specialized and with extensive experience in the financing of the construction sector, through the granting of loans within the UPAC system to both builders and buyers of real estate.

1998 - Member of Grupo AVAL

In 1998, the Bank was controlled by Grupo Aval Acciones y Valores S.A., which is the largest and most important financial group in the country, made up of Banco AV Villas; Banco de Occidente; Banco de Bogotá; the Pension and Severance Administrator; Porvenir S.A. and Banco Popular S.A.

2000 - A Growing Thought and Ideal

At the beginning of the year 2000, the Las Villas Corporation merged to absorb the Savings and Housing Corporation Ahorramas, an entity created in December 1972 and which had become part of the Aval Group in mid-1997. Thus, at the time of the merger, the sixth largest financial institution in the country by level of assets emerged, under the name of AV Villas Savings and Housing Corporation.

Subsequently, Law 546 of 1999 (Housing Law) was issued, which created the Real Value Unit (UVR), replacing the UPAC, and opened the way for the conversion of the CAVs into commercial banks. Therefore, as a result of the Housing Law, and in order to provide a greater diversity of products and services to its customers, in March 2002 AV Villas officially became a Commercial Bank.

TODAY - AV Villas Bank today

Its corporate purpose is to enter into and execute all operations legally permitted to commercial banks, subject to the requirements, restrictions and limitations imposed by law. Its majority shareholder is Grupo Aval Acciones y Valores S.A., which is why it is part of one of the most important financial conglomerates in the country.

Since 2002, the bank has undergone changes on the different fronts of its activity, consolidating its banking vocation through the launch of new products, such as current accounts, foreign exchange operations, consumer loans, free investment, treasury and business loans, without abandoning the traditional lines of savings deposits (accounts and CDTs). as well as individual and builder mortgage loans. In the same way, it has agile and secure electronic channels such as Audiovillas, Internet, ATMs, Pin Pad and payment points, which offer convenience and agility to its customers.

Banco AV Villas is in a creative and consolidation period, which aims at the strategic objective of achieving its growth, for which it has prepared; It has a competitive network of offices, its sales force has been trained and has at its disposal the best technology and efficient administrative support. The philosophy that underlies the Bank's current activity is summarized in the following postulates, disseminated and shared by its employees.