Banco BBVA Argentina S.A. announces 2020 annual results
Banco BBVA Argentina S.A. (BBAR) reported a net income of $12.0 billion for 2020, a decrease of 38.9% from 2019's $19.7 billion. The bank achieved a ROAA of 1.8% and a ROAE of 11.8%. Consolidated financing to the private sector rose 5.9% year-over-year, totaling $290.3 billion. Total deposits increased 19.5% to $478.2 billion. The non-performing loan ratio stood at 1.42%, with a coverage ratio of 324.43%. The efficiency ratio grew to 56.8% from 43.7% in 2019. Regulatory capital ratio reached 20.2%, indicating strong capital adequacy.
- Net income of $12.0 billion for 2020, despite a 38.9% decline.
- Total deposits increased 19.5% YoY to $478.2 billion.
- Consolidated financing to private sector rose 5.9% to $290.3 billion.
- Non-performing loan ratio at 1.42% with 324.43% coverage.
- Regulatory capital ratio at 20.2%, exceeding the minimum requirement.
- Net income decreased by 38.9% from the previous year.
- Efficiency ratio increased to 56.8% compared to 43.7% in 2019.
BUENOS AIRES, Argentina, March 9, 2021 /PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or "the Bank") announced today its consolidated results for the fourth quarter (4Q20) and fiscal year ended on December 31, 2020.
As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2019 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to December 31, 2020.
2020 Highlights
- BBVA Argentina's inflation adjusted net income in 2020 was
$12.0 billion ,38.9% lower than the$19.7 billion reported in 2019. - In 2020, BBVA Argentina posted an accumulated inflation adjusted average return on assets (ROAA) of
1.8% and an inflation adjusted average return on equity (ROAE) of11.8% . - In terms of activity, total consolidated financing to the private sector in 2020 totaled
$290.3 billion , increasing in real terms5.9% compared to 2019. Growth was driven by the increase in other loans, credit cards and discounted instruments by46.4% ,16.6% and7.9% respectively. BBVA's consolidated market share of private sector loans was8.49% as of 4Q20. - Total deposits totaled
$478.2 billion in 2020, growing in real terms19.5% year-over-year (YoY), promoted by private deposits in pesos, mainly checking accounts and the incorporation of investment accounts. The Bank's consolidated market share of private deposits was7.13% as of 4Q20. - As of 2020, the non-performing loan ratio (NPL) reached
1.42% , with a324.43% coverage ratio. - The accumulated efficiency ratio in 2020 was
56.8% , above 2019's43.7% . - As of 4Q20, BBVA Argentina reached a regulatory capital ratio of
20.2% , entailing a$57.1 billion or147.1% excess over minimum regulatory requirement. Tier I ratio was19.6% . Total liquid assets represented67.5% of the Bank's total deposits as of 4Q20.
4Q20 Conference Call
Wednesday, March 10, 12:00 p.m. Buenos Aires time – (10:00 a.m. EST)
To participate, please dial in:
+1-844-450-3851 (US Toll-Free)
+1-412-317-6373 (International)
+54-11-3984-5677 (Argentina)
Web Phone: click here
Conference ID: BBVA
Webcast & Replay: click here
To access the full report please click here
About BBVA Argentina
BBVA Argentina (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the main shareholder since 1996. In Argentina, it is one of the leading private financial institutions since 1886. Nationwide, BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals, SME's, and large-sized companies.
BBVA Argentina's purpose is to bring the age of opportunities to everyone, based on our customers' real needs, providing the best solutions, and helping them make the best financial decisions through an easy and convenient experience. The institution relies on solid values: "The customer comes first, We think big and We are one team". At the same time, its responsible banking model aspires to achieve a more inclusive and sustainable society.
Investor Relations contact
Ernesto Gallardo
Chief Financial Officer
Inés Lanusse
Investor Relations Officer
investorelations-arg@bbva.com
ir.bbva.com.ar
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SOURCE Banco BBVA Argentina S.A.
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