Marina Varadji's questions to GRUPO FINANCIERO GALICIA (GGAL) leadership • Q2 2025
Question
Marina Varadji asked about asset quality in the corporate segment, specifically if any deterioration was visible, and requested a forecast for the total non-performing loan level by year-end.
Answer
CFO Gonzalo Fernández Covaro stated that the corporate segment is not seeing significant deterioration, with NPLs remaining at very low levels between 0.7% and 1.0%. He contrasted this with the systemic issues in the consumer portfolio. For the total loan book, he projected the NPL level would be 'closer to 5%' by the end of the year.