Intercorp Financial Services Inc. (NYSE:IFS) Q1 2020 Earnings Conference Call - Final Transcript

May 13, 2020 • 10:00 am ET


Intercorp Financial Services Inc. (NYSE:IFS) Q1 2020 Earnings Conference Call - Final Transcript


Loading Event

Loading Transcript


Good morning and welcome to Intercorp Financial Services' First Quarter 2020 Conference Call. All lines are places on mute to prevent any background noise. After the presentation, we will open the floor for questions. At that time instructions will be given as the procedure to follow if you could ask a question. It is now my pleasure to the turn the call over to Rafael Borja of i-advize Corporate Communications Inc. [Technical Issues]

Rafael Borja

Thank you and good morning, everyone. On today's call, Intercorp Financial Services will discuss its first-quarter 2020 earnings. We are very pleased to have with us Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercorp Financial Services; Mrs. Michela Casassa, Chief Financial Officer of Intercorp Financial Services; Mr. Gonzalo Basadre, Chief Executive Officer of Interseguro; and Mr. Bruno Ferreccio, Chief Executive Officer of Inteligo. They will be discussing the results that were distributed by the company yesterday. There is also a webcast presentation to accompany these results. If you didn't receive a copy of the presentation or the earnings, it is now available on the company's website,, to download a copy. Otherwise for any reason, if you need any assistance today, please call i-advize in New York at (212) 406-3693.

I would like to remind you that today's call is for investors and analysts only. Therefore, questions from the media will not be taken. Please be advised that forward-looking statements may be made during this conference call. These will not account for future economic circumstances, industry conditions, the company's future performance or financial results. As such, statements may are based on several assumptions and factors that could change causing actual results to materially differ from the current expectations. For a complete note on forward-looking statements, please refer to the quarterly report issued yesterday. It is now my pleasure to turn the call over to Mr. Luis Felipe Castellanos, Chief Executive Officer of Intercorp Financial Services, for his presentation. Mr. Castellanos, please go ahead, sir.

Luis Felipe Castellanos

Thank you very much. Thank you everyone, and good morning. Welcome to IFS' first-quarter 2020 earnings call. To start, I want to thank you for taking the time to participate in our call, and again, wishing that all the families included are in good health and safe during these difficult times.

On this call, we will have the opportunity to review IFS' first-quarter results, as well as, to provide an update of the actions taken by IFS to ensure future business continuity and to help our clients under the current circumstances. Also, we will touch upon the main measures that the government has taken to face this situation. As mentioned in our COVID-19 call that took place a couple of weeks ago, our main objective is to ensure that our employees and clients remain safe. We continue in the middle of weathering the storm. We will continue to vision difficult days ahead. Unfortunately, the number of people infected in Peru continues to rise and the country continues to run an emergency state with