Improving profitability, adequate capitalization, and healthy asset quality. Large, diversified, and stable funding structure that relies mainly on retail deposits. Ongoing improvement in efficiency levels following the sale of international subsidiaries, along with significant investments in digital channels. Asset quality could deteriorate amid global and regional economic uncertainty. The large informal sector limits the potential to increase the bank's retail customer base more rapidly. Banco G&T Continental S.A. (Banco G&T) operates in a highly dollarized banking system. The positive outlook on Banco G&T for the next 6-12 months reflects at least a one-in-three possibility of an upgrade if we were to raise the ratings on the sovereign while the bank's stand-alone credit profile (SACP) remained unchanged. This is because our
