Sign in

    Natalia De Melo Corfield

    Research Analyst at JPMorgan

    Natalia De Melo Corfield is an Executive Director and Senior Equity Research Analyst at JPMorgan, specializing in the coverage of Latin American consumer and retail companies. She covers leading companies such as Ambev, Coca-Cola FEMSA, and Grupo Bimbo, and her research has earned consistently strong investor feedback, with performance metrics placing her among the more respected analysts in the Latin America consumer space. Corfield's career began at Banco Santander in 2011, followed by a research analyst role at Credit Suisse before joining JPMorgan in 2020 where she quickly became a key voice in LATAM equities. She holds FINRA Series 7, 63, and 86/87 licenses, and has been recognized in industry surveys for her sector expertise and detailed analysis.

    Natalia De Melo Corfield's questions to BDORY leadership

    Natalia De Melo Corfield's questions to BDORY leadership • Q2 2024

    Question

    Asked about the expected capital impact from the implementation of IFRS 9, comparing it to a competitor's minimal expected impact, and whether the bank's CET1 ratio would remain in the double digits.

    Answer

    The bank confirmed there will be an impact from IFRS 9, but it will not be significant enough to alter their growth strategy or capital planning. The exact magnitude depends on pending regulatory definitions. They are confident that their CET1 ratio will remain in the double digits.

    Ask Fintool Equity Research AI

    Natalia De Melo Corfield's questions to BDORY leadership • Q1 2024

    Question

    Asked about several balance sheet and capital items, including the reasons for the drop in Tier 2 cost, the increase in AT1 cost, the significant rise in prudential adjustments, and the increase in operational risk.

    Answer

    The AT1 cost increased due to new domestic AT1 issuances to bolster capital. The Tier 2 cost decreased due to the application of a regulatory cap on certain funds that impacts Tier 2. The increase in operational risk is a planned result of implementing Basel III Phase 2 models, which links risk-weighted assets to business generation potential.

    Ask Fintool Equity Research AI