Q2 2024 Banco de Bogota SA Earnings Call Transcript

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Aug 23, 2024

Aug 23, 2024 / 02:00PM GMT
Operator

Good morning. Welcome to Banco de Bogota's conference call for the second quarter 2024 consolidated results. My name is Karen, and I will be your operator for today's conference call. (Operator Instructions) Please note that this conference is being recorded.

We also advise you to read our disclaimer which is available on slide number 2. When applicable in this webcast, we refer to trillions as millions of millions, and billions as thousands of millions. Thank you for your attention.

Mr. Cesar Prado, CEO of Banco de Bogota, will be the host and speaker today. Mr. Prado, the floor is yours.

Cesar Prado - Banco de Bogota SA - Chief Executive Officer

Thank you, Karen. Good morning, and welcome to Banco de Bogota's second quarter 2024 conference call. This quarter, as the banking system as a whole, we faced similar challenges compared to those of the first quarter of the year. Both inflation and monetary policy rates decreased in the first semester, yet at a slower pace than previously anticipated, and the relatively high interest rates still

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