(Reuters) – Colombian economic corporation Grupo Aval reported on Wednesday a greater than six-fold rise in its third-quarter web revenue, reaching 415.7 billion Colombian pesos ($ 94.18 million).
The company’s rate of interest earnings throughout the July- to-September duration, nonetheless, dropped 6.3% contrasted to the year-ago duration to resolve at 6.87 trillion pesos.
The business connected the rise in quarterly earnings on greater earnings from financial investments.
Grupo Aval, whose profile consists of Colombian loan providers Banco de Bogota, Banco de Occidente and pension plan fund Porvenir, claimed its expense of threat reduced by 59 basis factors from the previous year to land at 1.19%.
($ 1 = 4,413.79 Colombian pesos)
(Reporting by Aida Pelaez-Fernandez; Editing by David Alire Garcia)
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