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 | |
| Credomatic International Corporation | British Virgin Islands | |
| BAC Credomatic Inc. | British Virgin Islands | |
| BAC International Corporation | British Virgin Islands | |
| Leasing Bogotá S.A., Panamá | Panamá | |
| BAC International Bank, Inc. | Panamá | |