Colombia's Grupo Aval reports Q1 profit up three-fold

May 6 (Reuters) - Colombian financial conglomerate Grupo Aval GAA.CN on Tuesday reported a first-quarter net profit that more than tripled from the same period a year earlier, landing at 361.5 billion pesos ($84 million), even as its income shrunk.

The firm's interest income for the first three months of 2025 fell 9% compared a year earlier to settle at 6.59 trillion pesos.

Grupo Aval, whose portfolio includes Colombian lenders Banco de Bogota BBO.CN, Banco de Occidente BOC.CN and pension fund Porvenir, said its cost of risk shrunk by 87 basis points from the same quarter last year to land at 2.0%.

($1 = 4,283.62 Colombian pesos)