Grupo Fin Banorte Ord (GBOOF) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, everyone. This is Tomas Lozano, Head of Investor Relations, Corporate Development, Financial Planning, and ESG. Welcome to Grupo Financiero's Banorte first quarter earnings call for 2025. Our CEO, Marco Ramirez, will begin today's call by presenting the main results of the quarter and will address the redefinition and next steps of Banorte's digital strategy, as promised in our previous conference call back in January. He will also comment on the items proposed for voting at our upcoming annual shareholders' meetings. Then Rafael Arana, our COO, will go over the financial highlights of the group, providing details on the NIEM evolution, asset quality, capital allocation, as well as expenses for the quarter. Please note that today's presentation may include forward-looking statements that are subject to risk and uncertainties, which may cause actual results to differ materially. On page two of our conference call deck, you will find our full disclaimer regarding forward-looking statements. Thank you. Marcos, please go ahead. Thank you, Tomas. Good morning, everyone. Thank you for joining our call. The first quarter of the year was driven by strong business dynamics and solid performance across subsidiaries, despite a complex economic environment. The uncertainty surrounding the new global trade order continues to pose additional headwinds for the country. Although Mexico has so far managed to contain the immediate risk of tariffs, the narrative of potential speculation in the United States and other countries has gained traction. Therefore, our economic analysis scheme has revised downwards GDP growth, estimated for the year to 0.5% to reflect a weaker business confidence translated into increasing challenges for investments and a more cautious consumer....