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Nicolas Rivia

Research Analyst at Bank of America Corp. /de/

Nicolas Rivia is a Research Analyst at Bank of America with a focus on Latin American financial institutions, notably covering firms such as Grupo Aval Acciones Y Valores. While his performance metrics, such as published success rate or TipRanks rankings, are not broadly available, public records show involvement in corporate earnings calls and financial research. Rivia has been active in equity research at Bank of America, though detailed history of previous roles or firms and specific professional credentials such as FINRA registration or securities licenses have not been disclosed in public profiles. His professional activities demonstrate expertise in sector analysis and communication with C-level executives in the companies he covers.

Nicolas Rivia's questions to Grupo Aval Acciones Y Valores (AVAL) leadership

Question · Q1 2023

Nicolas Rivia of Bank of America asked about the holding company's double leverage ratio exceeding the 120% threshold and plans to reduce it, including potential bond buybacks. He also questioned the impact of the new net stable funding ratio (NSFR) on the bank's net interest margins.

Answer

CEO Luis Carlos Sarmiento Gutierrez confirmed the goal is to return the double leverage ratio to the 120% target through equity buildup and a future AT1 bond call. Regarding the NSFR, he explained that its implementation caused a significant, temporary distortion in the cost of funds by driving up time deposit rates and shifting the deposit mix, which compressed margins.

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