Grupo Financiero Galicia SA (NAS:GGAL)

$ 64.3 -0.42 (-0.65%) Market Cap: 9.48 Bil Enterprise Value: 3.59 Bil PE Ratio: 16.90 PB Ratio: 2.53 GF Score: 78/100

Q2 2024 Grupo Financiero Galicia SA Earnings Call Transcript
Aug 23, 2024

$34.68 (+4.73%)

Earnings

Q2 2024 Grupo Financiero Galicia SA Earnings Call Transcript

Aug 23, 2024 / 04:00PM GMT

Release Date Price: $34.68 (+4.73%)

Transcript

Operator

Hello. Welcome to Grupo Financiero Galicia second quarter 2024 earnings release. My name is George, I will be your coordinator for today's event. Please note that this conference is being recorded (Operator Instructions) And I hand the call over to your host today, Mr. Pablo Firvida, Head of Investor Relations. Please go ahead, sir.

Pablo Eduardo Firvida

Grupo Financiero Galicia SA - Investor Relations Officer

Thank you, George. Good morning, and welcome to this conference call. I will make a concise introduction and then we will take your questions. Some of the statements made during this conference call will be forward-looking statements within the meaning of the Safe Harbor provisions of the US federal securities laws and are subject to risks and uncertainties that could cause actual results to differ materially from those expressed.

According to the monthly indicator for economic activity, the Argentine economy recorded a 3.9% year-over-year contraction during June. The year-to-date terms, the economic downturn reached to 3.2%. During the second

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