Frederic de Mariz's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership • Q1 2016
Question
In a follow-up, Frederic de Mariz asked for the bank's view on Argentina's potential MSCI index reclassification and the market implications of a major shareholder potentially selling its stake.
Answer
Pablo Firvida, Investor Relations, commented that an MSCI upgrade to Emerging Markets would be highly beneficial for Argentine stocks by boosting liquidity. Regarding the potential share sale by a government-related entity, he noted it is contingent on a change in law and expects any sale would be managed to protect the stock price, but had no further details on either topic.