Pedro Ofenhagenen's questions to Grupo Supervielle SA (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.