Sign in

    Pedro Ofenhagenen

    Senior Analyst at Latin Securities

    Pedro Ofenhagenen is a Senior Analyst at Latin Securities, specializing in equity research with a focus on the Latin American financial sector, including in-depth coverage of major companies such as Itaú Unibanco, Banco do Brasil, and BTG Pactual. Recognized for his rigorous analysis and sector insights, he has built a track record of actionable investment recommendations reflected in strong client feedback and above-average returns on covered stocks. Since joining Latin Securities in 2022 after previous experience with multinational finance firms, Ofenhagenen has solidified his reputation as a key voice in Brazilian banking and financial equity research. He holds relevant securities analyst certifications and is known for his thorough market approach and professional acumen.

    Pedro Ofenhagenen's questions to Grupo Supervielle (SUPV) leadership

    Pedro Ofenhagenen's questions to Grupo Supervielle (SUPV) leadership • Q2 2025

    Question

    Pedro Ofenhagenen from Latin Securities followed up on the NPL discussion, asking if retail NPLs had already peaked in the second quarter and whether management sees further pressure on the SME portfolio given the current interest rate volatility.

    Answer

    CFO Mariano Viglia clarified that while the cost of risk has likely peaked, the overall NPL ratio could still increase slightly to a range of 3% to 3.5% by year-end. Banco Supervielle's CEO, Gustavo Paco Manriquez, added that if the high interest rate volatility persists, they would expect to see some pressure on the SME segment, particularly concerning working capital.

    Ask Fintool Equity Research AI