Grupo Financiero Galicia S.A. (GGAL) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Welcome to Grupo Financiero Galicia Second Quarter twenty twenty six Earnings Call. This conference is being recorded, and the replay will be available at the company's website at gfgsa.com. We would like to inform that all attendees will only be listening in the conference during the presentation, and then we'll start the question and answer session when further instructions will be provided. Some of the statements made during this conference call will be forward looking statements within the meaning of the safe harbor provisions of The U. S. Federal securities laws and are subject to risk and uncertainty that could cause actual results to differ materially from those expressed. Investors should be aware of events related to the macroeconomic scenario, the financial industry and other factors could cause results to differ materially from those expressed in the respective forward looking statements. Now I will turn the conference over to Mr. Pablo Frevida, Head of Investor Relations. You may begin your conference. Thank you. Good morning, and thank you for joining this conference call. Before reviewing our operating performance, I would like to briefly address the macroeconomic backdrop that shaped the performance of the financial system during the quarter and provide the context for our business trends. According to the Monthly Indicator for Economic Activity, EMA, the Argentine economy expanded 2.7% year over year in June and recovered 0.8% month over month on a seasonally adjusted basis. Despite this month improvement, activity remained 1.1% below December 2025 levels, mainly reflecting the declines recorded in April and May. In the second quarter of twenty twenty six, the primary surplus stood at 0.4% of GDP, in line with the l...