Banco Comercial AV Villas SA (Banco AV Villas) is a Colombia-based financial institution primarily engaged in the commercial banking sector. The Bank’s products and services include saving and current accounts, consumer and commercial loans, mortgages, debit and credit cards, financial assessment and other banking operations to businesses and individuals. The Bank also offers Internet and mobile telephone banking services. As of December 31, 2011, the Bank operated a network of over 200 branches located nationwide. In addition, the Bank held minor stakes in such companies as A Toda Hora SA (ATH), ACH Colombia SA, Titulizadora Colombiana SA, Multiactivos SA and Divisas de Colombia SA, among others.