Alejandra Aranda's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership • Q1 2016
Question
Alejandra Aranda questioned the strategy for holding dollar-denominated Lebacs, the cause of the significant rise in public sector deposits, and the forecast for fee income growth for the year and next.
Answer
Pablo Firvida, Investor Relations, explained that holding dollar-Lebacs was an alternative for excess dollar liquidity from increased deposits. He noted the public sector deposit spike was a specific event that should stabilize. For fees, he projected growth slightly above inflation, driven by the ability to increase prices by 20% in June and no limits from September.