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    Andres Ampayo

    Vice President and Equity Research Analyst at Santander

    Andres Ampayo is a Vice President and Equity Research Analyst at Santander, specializing in the financial services sector with a focus on Latin American banking companies such as Grupo Aval, Bancolombia, and Banco de Bogotá. He is recognized for his in-depth coverage and timely analysis, contributing to Santander’s robust research performance, though public quantitative performance metrics such as published success rates or TipRanks rankings are not readily available. Andres began his career at Citi as an analyst before joining Santander in 2016, where he has built a reputation for expertise in banking equities and market trends across Latin America. He holds professional credentials including a CFA charter and is registered with relevant regulatory bodies for securities research.

    Andres Ampayo's questions to BRAZILIAN ELECTRIC POWER (EBR) leadership

    Andres Ampayo's questions to BRAZILIAN ELECTRIC POWER (EBR) leadership • Q2 2025

    Question

    Andres Ampayo from Santander followed up on reinforcements and improvements, asking if the internal process to accelerate these investments was complete, and sought to confirm if there were any other significant differences between IFRS and regulatory reporting to consider.

    Answer

    An executive, likely from the engineering or strategy team, confirmed that the company has a robust process for identifying and executing investments, highlighting that Q2 execution was much stronger than Q1 and citing the on-time, on-budget delivery of the Caladinho project as proof of capability. Regarding reporting differences, an executive stated there was nothing noteworthy beyond standard inter-company eliminations.

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