Ignacio from IMBERTIN and MOLSA's questions to Grupo Supervielle SA (SUPV) leadership • Q1 2025
Question
Ignacio from IMBERTIN and MOLSA requested a breakdown of the 18-20% NIM guidance for 2025, asking for the underlying assumptions on interest rates for both assets and liabilities.
Answer
CFO Mariano Biglia explained that the NIM guidance is based on an expectation that the central bank's reference interest rate will remain stable in the near term before declining as inflation eases. He anticipates this will lead to positive real interest rates, which will inform the pricing of both loans and deposits, but did not provide specific rate levels.