Grupo Supervielle S.A. (NYSE:SUPV) Q1 2020 Earnings Conference Call - Final Transcript
May 29, 2020 • 09:00 am ET
Good morning and welcome to the Grupo Supervielle First Quarter 2020 Earnings Call. A slide presentation will accompany today's webcast, which is available in the Investor section of Grupo Supervielle's investor relations website, www.gruposupervielle.com.
[Operator Instructions] At this time, I like to turn the call over to Ana Bartesaghi, Treasurer and IRO. Please go ahead.
Thank you. Good morning, everyone, and thank you for joining us today. Speaking during today's call will be Patricio Supervielle, our Chairman of the Board of Directors, who will discuss the overall macro environment; and Jorge Ramirez, our Chief Executive Officer and Vice Chairman of the Board, who will review our results for the quarter. Also joining us is Alejandra Naughton, Chief Financial Officer, and Alejandro Stengel, Chief Operating Officer of the Bank. All will be available for the Q&A session.
Please note that starting this quarter, after Central Bank regulations, we have begun reporting results applying Hyperinflation Accounting in accordance with IFRS rule IAS 29. For ease of comparability, we have restated 2019 results quarterly and for the year applying IAS 29 to reflect the effects of inflation adjustment for each period. Therefore all results in this presentation are presented adjusted for inflation as of March 31, 2020, unless otherwise noted.
For your convenience, we have also included in our earnings report managerial results in nominal terms. This means we are including first Q '20 financial results ex IAS 29, isolating the IAS 29 impact for the quarter and also showing quarterly figures for 2019 in nominal terms as they were previously reported until December 31, 2019. You can find more details on Hyperinflation Accounting in our earnings report filed yesterday after the close of the market as well as in the Investor Education presentation we have uploaded to our IR site along with earnings materials for the quarter.
Before we proceed, I would like to make the following Safe Harbor statement. Today's call will contain forward-looking statements which are based on management's current expectations and beliefs, and are subject to a number of risks and uncertainties, including as a result of the COVID-19 pandemic. And I refer you to the forward-looking statement section of our earnings release and recent filings with the SEC. We assume no obligation to update or revise any forward-looking statements to reflect new or changed events or circumstances.
I would now like to turn the call over to our Chairman, Patricio Supervielle.
Julio Patricio Supervielle
Thank you, Ana. Good morning, everyone. Thank you for joining us today. We hope you are your loved ones are healthy and safe in these challenging times.
If you are following the presentation, please turn to Slide 2. I'm very proud of how quickly our team responded to the first signs of the COVID-19 pandemic, implementing protocols to ensure the health and well-being of our employees and customers while also maintaining the continuity of our operations. Through prudent management, we entered this crisis with a high level of liquidity and comfortable capitalization levels, fortifying the organization's long-term sustainability