Gabriel Nóbrega's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership • Q3 2019
Question
Gabriel Nóbrega from Citigroup inquired about the post-election political outlook and the bank's corresponding strategies. He also asked for details on asset quality, specifically the reasons for increased charge-offs and whether NPL ratios have peaked.
Answer
Pablo Firvida, Institutional Relations Manager, stated it is too early to know the new government's economic plan. He explained the bank's strategy is to maintain high liquidity in pesos and dollars, protect profitability, and manage asset quality. Firvida noted the NPL ratio improved due to loan growth and the sale of a MXN1.7 billion past-due loan portfolio, suggesting NPLs are likely near their peak.