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    Federico Rey

    Research Analyst at Raymond James

    Federico Rey is an equity research analyst at Raymond James, holding the title of Vice President and specializing in Latin American financials with a focus on banks, insurance companies, and fintech firms. Rey covers leading regional institutions such as Grupo Financiero Galicia, Banco Macro, and Banco BBVA Argentina, earning recognition for actionable insights and sector expertise. He began his career in equity research after completing his studies in finance, joining Raymond James in 2018 following prior roles at local boutique financial firms. Rey holds FINRA Series 7 and Series 63 licenses and is known for a robust performance record with above-average success rates on platforms like TipRanks, reflecting his keen analysis and consistent returns for institutional clients.

    Federico Rey's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership

    Federico Rey's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership • Q1 2015

    Question

    Federico Rey from Raymond James inquired about the recent acceleration in loan growth, asking whether it stemmed from increased demand or a more aggressive strategy by Grupo Financiero Galicia.

    Answer

    Pablo Firvida, Head of Investor Relations, explained that the growth is due to several factors. He noted that inflation has driven up financing through credit cards for individuals, and the bank must also comply with a productive lending line mandated by the Central Bank. Firvida clarified that the bank does not anticipate a strong year for loan growth, forecasting a full-year 2015 increase of around 25%, which aligns with the inflation forecast, suggesting no significant real growth.

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