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Banco BBVA Argentina S.A. (BBAR), previously known as BBVA Banco Francés, is a key financial institution in Argentina. Established in 1886, the bank has a long-standing history in the country's financial landscape. BBVA Argentina stands out by providing a wide range of banking services to diverse clientele, including individuals, small and medium-sized enterprises (SMEs), and large corporations.
The bank operates through several divisions:
- Retail Banking: Offers a variety of banking products and services tailored for individual clients, such as savings accounts, credit cards, loans, and investment opportunities.
- Corporate Banking: Caters to the financial needs of large enterprises with services ranging from loans and credit facilities to specialized financial advice and capital market solutions.
- SME Banking: Focuses on providing financial support to small and medium-sized businesses, including those engaged in foreign trade and agriculture, as well as offering digital products for streamlined operations.
- Investment Banking: Provides sophisticated investment services and financial products to optimize asset management and capital growth.
BBVA Argentina is committed to innovation and digital transformation, aiming to offer the best solutions and help clients make informed financial decisions. The bank's guiding principle, "The customer comes first, We think big, and We are one team", reflects its dedication to customer-centric service and societal impact.
In recent developments, BBVA Argentina has reported its financial results consistently, incorporating inflation-adjusted figures as per IAS 29 reporting standards. Significant achievements include:
- Q2 2023 Results: Reflecting comprehensive financial performance up to June 30, 2023.
- Q3 2023 Results: Updated financial figures for the period ending September 30, 2023.
- Q4 2023 Results: Consolidated outcomes up to December 31, 2023.
- Q1 2024 Results: Financial performance for the period concluding on March 31, 2024.
BBVA Argentina is committed to fostering an inclusive and sustainable society through responsible banking practices, aligning its operations with the needs and aspirations of its customers. For more detailed financial data and reports, investors can visit the bank's official investor relations webpage.
Banco BBVA Argentina S.A. reported its Q2 2024 results, showing a 178.8% increase in inflation-adjusted net income to $112.9 billion compared to Q1 2024. The bank's ROAA was 4.7% and ROAE was 19.5% for Q2 2024. Operating income decreased by 40.3% quarter-over-quarter to $446.7 billion. Total consolidated financing to the private sector grew by 23.1% in real terms to $3.8 trillion, while total consolidated deposits increased by 2.6% to $5.8 trillion. The non-performing loan ratio was 1.18% with a 165.50% coverage ratio. BBVA Argentina's regulatory capital ratio stood at 25.3%, with a $1.25 trillion excess over minimum requirements.
Banco BBVA Argentina S.A. (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) has announced its schedule for reporting Second Quarter 2024 financial results. The earnings release is set for Wednesday, August 21, 2024, after market close. A conference call will follow on Thursday, August 22, 2024, at 12:00 p.m. Buenos Aires time (11:00 a.m. EST). The company has established a quiet period from August 7 to August 21, 2024. Key executives participating include the CFO and Investor Relations officers. BBVA Argentina, a subsidiary of the BBVA Group since 1996, is a leading private financial institution in Argentina, offering retail and corporate banking services nationwide.
Banco BBVA Argentina S.A. (BBAR) announced the payment of installment 3 of 3 of its dividend payment schedule. Approved by the Shareholders' Meeting on April 26, 2024, and authorized by the Argentine Central Bank, the dividend totals AR$400,627,017,508 as of today. Installment 3, amounting to AR$50,638,718,584.05, will be paid at AR$247.1094 per share.
Payment will be disbursed to shareholders on July 11, 2024, with a cut-off date of July 5, 2024. Non-resident shareholders can opt for National Treasury Bonds instead of pesos.
Banco BBVA Argentina S.A. (BBAR) has announced the payment of the second installment of its dividend schedule. Following approvals from shareholders, the Argentine Central Bank, and the Board of Directors, the total dividend amount is AR$400.6 billion. Installment 2 involves a payment of AR$48.6 billion or AR$237.203 per share, scheduled for June 11, 2024. Shareholders can opt for payment in pesos or National Treasury Bonds adjusted by CER 4.25% due December 13, 2024.
Non-resident shareholders, unless opting otherwise, will receive payment in pesos. Resident shareholders must communicate their payment preference via email by June 6, 2024. The cut-off date for share registry is June 6, 2024, and the payment will be managed through Caja de Valores S.A. for payments in pesos and Banco BBVA Argentina S.A. for payments in kind. Tax withholdings of 7% will be applied as per Argentine Income Tax Law.
Banco BBVA Argentina S.A. (NYSE: BYMA; MAE: BBAR) announced its consolidated results for the first quarter of 2024, ended on March 31, 2024.
The inflation-adjusted net income was $34.2 billion, a 53.7% decrease from 4Q23 and a 41.4% decrease from 1Q23. Operating income was $631.2 billion, down 12.9% from 4Q23 but up 106.6% from 1Q23.
Total consolidated financing to the private sector was $2.7 trillion, down 12.7% from 4Q23 and 21.9% from 1Q23. Total consolidated deposits were $4.8 trillion, a 13.5% decrease from 4Q23 and a 21.7% decline year-over-year.
The non-performing loan ratio was 1.23%, with a coverage ratio of 173.77%. The efficiency ratio deteriorated to 65.4%, and the regulatory capital ratio was 35.6%.
The bank's market share of private sector loans was 10.08%, while its market share of private deposits was 7.37%. Total liquid assets represented 91.9% of total deposits.
Banco BBVA Argentina S.A. (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) announced its First Quarter 2024 financial results schedule, with an earnings release on May 22, 2024, a conference call on May 23, 2024, and a quiet period from May 8 to May 22, 2024. Executives include Ms. Carmen Morillo Arroyo and Ms. Inés Lanusse.
Banco BBVA Argentina S.A. announced the approval of dividend payment schedule and first installment payment. The dividend amount approved is AR$ 264,227,684,640, now equivalent to AR$ 400,627,017,508. Non-resident shareholders have options to receive dividends in BOPREAL or Bonds. Resident shareholders will receive payment in pesos or Bonds. Payment will be made in installments on May 14, June 11, and July 11. American Depositary Shares (ADS) holders will receive payment through Bank of New York Mellon. Dividends are subject to 7% withholding and COUNTRY tax.
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