Luis Carlos Sarmiento Gutierrez | Chief Executive Officer |
Diego Solano Saravia | Chief Financial Officer |
Nicolas Riva | Bank of America |
Jason Mollin | Scotiabank |
Julian Ausique | Davivienda Corredores |
Alonso Aramburu | BTG Pactual |
Good morning and thank you all for joining our First Quarter 2022 Conference Call.
Grupo Aval has retained an indirect stake of approximately 17.2% of -- in BHI, representing our proportional interest in the 25% equity stake in BHI retained by Banco de Bogota. This interest in BHI is reported as discontinued operations for reporting periods prior to the spin-off, including for the full period in the three months ended March 31, 2022, and will be reported under the share of profit of equity accounted investees, net of tax, equity method, line item for subsequent periods.
As a result for comparability purposes, we have prepared and present supplemental unaudited pro forma financial information for the three months ended March 31, 2021. In the three months ended December 31, 2021, that assumes the spin-off was completed on January 1, 2021, and October 1, 2021, respectively.