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    Pedro Offenhenden • Latin Securities

    Pedro Offenhenden is a Research Analyst at Latin Securities, specializing in Argentine financials and equity research with a focus on major firms such as Grupo Financiero Galicia. Renowned for his detailed coverage of local banking mergers and sector movements, he engages directly with executive leadership during earnings calls and is noted for insightful analysis impacting investor decisions. Offenhenden began his career in financial analysis several years ago with experience at both Loring Securities and Latin Securities, contributing to sector performance through actionable recommendations and transparent company evaluations. He holds recognized professional credentials and maintains active registration with regional securities authorities, reflecting his expertise and commitment to financial research.

    Pedro Offenhenden's questions to Grupo Supervielle SA (SUPV) leadership

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

    Question

    Pedro Offenhenden followed up on asset quality, asking specifically if retail NPLs had already peaked in Q2 and whether management sees further pressure on SME NPLs given the recent interest rate volatility.

    Answer

    CFO Mariano Biglia clarified that while the cost of risk has likely peaked, the overall NPL ratio could still increase slightly to the guided 3-3.5% range by year-end. Diego Pizzulli, CEO of IOL invertironline, acknowledged that sustained high interest rates would indeed put pressure on the SME segment's working capital.

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

    Question

    Pedro Offenhenden followed up on the NPL discussion, asking specifically if retail NPLs had already peaked in Q2 and if there was increasing pressure on SMEs given the recent interest rate volatility.

    Answer

    CFO Mariano Biglia clarified that while the cost of risk has likely peaked, the overall NPL ratio could still rise slightly to the guided range of 3-3.5% by year-end. Diego Pizzulli, CEO of IOL invertironline, added that if high interest rates persist, they would indeed see pressure on the SME segment's working capital.

    Ask Fintool Equity Research AI