Q3 2024 Banco Davivienda SA Earnings Call Transcript

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Nov 15, 2024

Nov 15, 2024 / 01:00PM GMT
Javier Jose Suarez Esparragoza - Banco Davivienda SA - Chief Executive Officer

(audio in progress) previously provided guidance. Several key factors, including decreases in cost of funding and provision expenses and our ongoing commitment to cost control primarily fueled the positive outcomes we've achieved. We are optimistic about the trajectory we're at. Our digitalization strategy is heading in the right direction, and we have made significant progress in sustainable financing and climate risk management. These advancements are positioning us for the long term as these capabilities will definitely be an edge to remain as leaders in the system and to increase value for our stakeholders.

As we look ahead, we anticipate these positive trends will continue. However, we acknowledge that the pace of improvement may moderate as we navigate some external variables I will cover later. Despite these challenges, we remain confident in our ability to adapt and deliver sustainable growth.

On slide 3, we have an overview of the macroeconomic environment in Colombia. Recent economic indicators paint

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