UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report Of Foreign Private Issuer

Pursuant To Rule 13a-16 Or 15d-16 Of

The Securities Exchange Act Of 1934

For the month of October 2013

Commission File Number: 000-54290

Grupo Aval Acciones y Valores S.A.

(Exact name of registrant as specified in its charter)

Carrera 13 No. 26A - 47

Bogotá D.C., Colombia

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes

GRUPO AVAL ACCIONES Y VALORES S.A.

TABLE OF CONTENTS

ITEM
1.	Grupo Aval Acciones y Valores S.A. Individual Balance Sheets for the period ended June 30, 2013*

* The information, including the items, contained in this Form 6-K is being furnished and shall not be deemed “filed” for the purposes of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that Section and shall not be incorporated by reference into any registration statement or other document pursuant to the Securities Act of 1933, except as otherwise expressly stated in such filing.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: October 17, 2013

GRUPO AVAL ACCIONES Y VALORES S.A.

Individual Balance Sheets

For the period ended June 30, 2013

(Stated in millions of Colombian pesos)

Under Col GAAP

	First Half
	1st Quarter		2nd Quarter		First Half
	March 31st		June 30th		(Six months)

Assets

Short Term Assets:

Cash	$	724,079		43,539		43,539
Short term Investments, net		361		31		31
Short term loans		404,360		192,767		192,767
Deferred charges		5,297		425		425
Total Short Term Assets		1,134,097		236,762		236,762

Long term Investments, net		10,807,072		11,428,068		11,428,068
Property, plant and equipment, net		507		533		533
Intangible assets, net		408,681		737,173		737,173
Deferred charges		233		162		162
Reappraisal of assets		8,426,598		11,502,096		11,502,096
Total Long Term Assets		19,643,091		23,668,032		23,668,032

Total assets	$	20,777,188		23,904,794		23,904,794

Debtor Memorandum Accounts:

Tax - Debtor		12,285,837		16,761,767		16,761,767
Control Debtors		912,396		912,418		912,418
Contingent creditors per contra		2,931,575		3,086,455		3,086,455
Control creditors per contra		875,225		875,225		875,225
Tax creditors per contra		12,659,282		17,159,030		17,159,030
Total Memorandum Accounts	$	29,664,315		38,794,895		38,794,895


Liabilities and Shareholders' Equity

Short Term Liabilities:

Financial obligations	$	427,102		237,081		237,081
Suppliers		56		51		51
Accounts payable		558,791		326,443		326,443
Taxes, fees and charges		24,670		16,475		16,475
Labor obligations		837		837		837
Estimated liabilities and provisions		3,261		6,768		6,768
Other liabilities		1,896		1,844		1,844
Total Short Term Liabilities		1,016,615		589,499		589,499

Equity Tax		11,464		5,826		5,826
Financial Obligations		710,148		982,103		982,103
Bonds outstanding		724,249		724,249		724,249
Total Long Term Liabilities		1,445,861		1,712,178		1,712,178

Total Liabilities		2,462,476		2,301,677		2,301,677

Shareholders' Equity:

Social Capital		18,552		18,552		18,552
Capital Surplus		5,403,557		5,316,624		5,316,624
Reserves		3,080,253		3,080,253		3,080,253
Inflation Adjustments		875,225		874,470		874,470
Retained Earnings		510,529		811,122		811,122
Reappraisal of assets		8,426,598		11,502,096		11,502,096
Total Shareholders' Equity		18,314,714		21,603,117		21,603,117


Total Liabilities and Shareholders' Equity	$	20,777,190		23,904,794		23,904,794

Creditor Memo Accounts:

Tax debtors per contra		12,285,837		16,761,767		16,761,767
Control debtor per contra		912,396		912,418		912,418
Acreedoras de Contingencia		2,931,575		3,086,455		3,086,455
Control creditors		875,225		875,225		875,225
Tax creditors		12,659,282		17,159,030		17,159,030

Total Memo Accounts	$	29,664,315		38,794,895		38,794,895

GRUPO AVAL ACCIONES Y VALORES S.A.

Individual Statements of Income

For the period ended June 30, 2013

(Stated in million of Colombian pesos, except earnings per share)

Under Col GAAP

	First Half									Full year
	1st Quarter			2nd Quarter			First Half
	March 31st			June 30th			(Six months)

Operating Income
Dividends	$	0			6,366			6,366			6,366
Interest		9,136			4,299			13,435			13,435
Financial Returns		57			847			904			904
Equity method, net		552,799			360,590			913,389			913,389
Total Operating Income		561,992			372,102			934,094			934,094

Loss in equity method for equity changes		561,992			372,102			934,094			934,094
Gross Profit

Operating expenses – Administration and Sales:
Personnel expense		6,258			6,154			12,412			12,412
Fees		1,738			7,174			8,912			8,912
Industry and Trade		2,369			5,041			7,410			7,410
Tax on financial transactions		1,119			3,631			4,750			4,750
Leases		185			187			372			372
Contributions and memberships		18			199			217			217
Insurance		0			5			5			5
Services		264			226			490			490
Legal expenses		10			9			19			19
Maintenance and repairs		15			16			31			31
Adaptation and installations		1			7			8			8
Travel expenses		41			104			145			145
Depreciation		49			101			150			150
Amortization of Intangibles		3,311			3,843			7,154			7,154
Amortization of deferred assets		5,823			4,946			10,769			10,769
Allowance of trading investments		0			3,997			3,997			3,997
Operating expenses - sales		273			3,992			4,265			4,265
Various		80			710			790			790
Total operating expenses – administration and sales		21,554			40,342			61,896			61,896

Operating Income		536,350			335,848			872,198			872,198

Non-operating Income
Loss (gain) on foreign exchange transactions		8			(0	)		8			8
Fees		10,605			15,939			26,544			26,544
Services		1			1			2			2
Better uses		0			663			663			663
Recoveries		101			274			375			375
		10,715			16,877			27,592			27,592
Non-operating expenses
Financial expenses		34,730			31,329			66,059			66,059
Various		6			252			258			258
Loss in participation method by changes in shareholders' equity		4,089			14,629			18,718			18,718
		38,825			46,210			85,035			85,035

Non-operating income, net		(28,110	)		(29,333	)		(57,443	)		(57,443	)

Income before income taxes		575,175			239,580			814,755			814,755

Tax on income and other		(1,799	)		(1,834	)		(3,633	)		(3,633	)
										$
Net Income		510,529			300,593			811,122			811,122

GRUPO AVAL ACCIONES Y VALORES S.A.

Individual Statement of Cash Flows

For the period ended June 30, 2013

(Stated in million of Colombian pesos)

Under Col GAAP

	First Half
	1st Quarter			2nd Quarter			First Half
	March 31st			June 30th			(Six months)

Cash flows from operating activity:
Net Income	$	510,529			300,593			811,122

Adjustments for conciliation of net earnings and net cash from operating activity:
Amortization of goodwill		3,311			3,843			7,154
Depreciation of properties, plant and equipment		49			101			150
Decrease (increase) in trading investments		7,937			330			8,267
Acquisition of Investments		(20,521	)		(361,967	)		(382,488	)
Dividends received during the period		413,928			(0	)		413,928
Equity Method		(552,799	)		(360,590	)		(913,389	)
Loss on equity Method		4,089			14,629			18,718
Increase in deferred charges		(3	)		(3	)		(6	)
Amortization of deferred charges		5,823			4,946			10,769
Decrease (Increase) in Accounts Receivable		(225,284	)		204,771			(20,513	)
Increase in Other Assets - Net (tax and contributions advances)		(1,810	)		6,823			5,013
Decrease (Increase) in Other Liabilities - Net (suppliers, taxes, accounts payable, labor obligations, other liabilities, estimated liabilities and allowances)		(2,283	)		(10,033	)		(12,316	)
Equity tax payment		0			(332,335	)		(332,335	)
		0			(755	)		(755	)

Net cash from operating activity		142,966			(529,647	)		(386,681	)

Cash Flows from investing activity:
Purchase of properties, plant and equipment		(21	)		(127	)		(148	)
Net cash used in investing activities		(21	)		(127	)		(148	)

Cash Flows from financing activity:
Dividends paid		(221,527	)		(232,700	)		(454,227	)
Acquisition of other borrowings from banks		0			112,152			112,152
Payment of other borrowings from banks		(13,667	)		(30,218	)		(43,885	)
Net cash (used in)/provided by financing activties		(235,194	)		(150,766	)		(385,960	)

Decrease in cash and cash equivalents		(92,248	)		(680,541	)		(772,789	)

Cash and cash equivalents at beginning of period		816,328			724,080			816,328

Cash and cash equivalent at end of period	$	724,080			43,539			43,539

GRUPO AVAL ACCIONES Y VALORES S.A.

Individual Statement of Shareholder´s Equity

For the period ended June 30, 2013

(Stated in million of Colombian pesos)

Under Col GAAP

			EquitySurplus
		Social	Additional	Goodwill	Equity	Reserves			Equity Inflation		Net		Reappraisal	Shareholders´
		Capital	paid-in capital		Method	Legal	Occasional		Adjustments		Income		of assets	Equity

Balance at December 31, 2012	$	18,552	3,671,667	0	1,678,239	9,276	2,736,084		875,225		802,398		7,738,866	17,530,307

Constitution of reserves for future distributions							802,398				(802,398	)		0
Increase in legal reserve														0
To distribute a cash dividend of $ 4.20 per share and per month during the months of April to September 2013, both months included as well:
Over 18,551,766,453 common and preferred shares subscribed
With benefit:							(467,505	)						(467,505)
Application of the equity method					53,651									53,651
Reappraisal of Investments (notes 5 and 10)													687,731	687,731
Net Income											510,529			510,529

Balance at March 31, 2013	$	18,552	3,671,667	0	1,731,891	9,276	3,070,977		875,225		510,529		8,426,597	18,314,714

Constitution of reserves for future distributions							0				0			0
Increase in legal reserve														0
Equity tax payment									(755	)				(755)
To distribute a cash dividend of $ 4,20 per share and per month during the months of April to September 2013, both months included as well:
Over 18,551,766,453 common and preferred shares subscribed
With benefit:							0							0
Application of the equity method					(86,934)									(86,934)
Reappraisal of Investments (notes 5 and 10)													3,075,499	3,075,499
Net Income											300,593			300,593

Balance at June 30, 2013	$	18,552	3,671,667	0	1,644,957	9,276	3,070,977		874,470		811,122		11,502,096	21,603,117

GRUPO AVAL ACCIONES Y VALORES S.A.

/s/ Jorge Adrián Rincón Plata

Jorge Adrián Rincón Plata

Chief Legal Counsel