EX-8.1 5 aval-20201231ex814320c9a.htm EX-8.1

Exhibit 8.1

SUBSIDIARIES OF THE REGISTRANT

The following are the significant subsidiaries of Grupo Aval Acciones y Valores S.A.

Name

Jurisdiction of Incorporation

Banco de Bogotá S.A.

Colombia

Banco de Occidente S.A.

Colombia

Sociedad Administradora de Fondos de Pensiones y Cesantías Porvenir S.A.

Colombia

Corporación Financiera Colombiana S.A.

Colombia

BAC Credomatic Inc.

British Virgin Islands

BAC International Corporation

British Virgin Islands

Leasing Bogotá S.A., Panamá

Panamá

BAC International Bank, Inc.

Panamá