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    Jason Mollin

    Managing Director at Scotiabank

    Jason Mollin is a Managing Director at Scotiabank, specializing in equity research and analysis for the energy sector. He has covered major companies, delivering quantitative and qualitative stock ratings and is recognized for his enduring tenure with Scotiabank, where he has served for over 10 years. Mollin's career spans at least a decade in senior analyst roles, with a strong performance history supporting investment decision-making. He holds professional credentials associated with senior financial analysis, though specific securities licenses and regulatory registrations are not publicly listed.

    Jason Mollin's questions to Grupo Aval Acciones Y Valores (AVAL) leadership

    Jason Mollin's questions to Grupo Aval Acciones Y Valores (AVAL) leadership • Q3 2016

    Question

    Jason Mollin from Scotiabank asked for potential bullish and bearish scenarios for the 2017 Return on Equity (ROE) given the pending fiscal reform, and inquired about the sensitivity of the company's operations to policy interest rate changes in both Colombia and the United States.

    Answer

    CFO Diego Solano responded that the company does not foresee a downside scenario for ROE from the tax reform, stating that all proposed changes are positive and the main uncertainty is the speed of implementation. President and CEO Luis Carlos Sarmiento added that for every 100 basis point change in Colombia's policy rate, the sensitivity is about 15 to 20 basis points on NIM. He also clarified that Central American operations are more influenced by local currency dynamics than by the U.S. policy rate.

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