Banco BBVA Argentina S.A. announces Second Quarter 2024 results
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. ha riportato i risultati del secondo trimestre 2024, evidenziando un aumento del 178,8% del reddito netto rettificato per l'inflazione, che ha raggiunto 112,9 miliardi di dollari rispetto al primo trimestre 2024. Il ROAA della banca è stato del 4,7% e il ROAE del 19,5% per il secondo trimestre 2024. Il reddito operativo è diminuito del 40,3% rispetto al trimestre precedente, raggiungendo 446,7 miliardi di dollari. Il finanziamento totale consolidato al settore privato è cresciuto del 23,1% in termini reali, arrivando a 3,8 trilioni di dollari, mentre i depositi consolidati totali sono aumentati del 2,6%, arrivando a 5,8 trilioni di dollari. Il tasso di prestiti non performanti era dell'1,18% con un rapporto di copertura del 165,50%. Il rapporto di capitale regolamentare di BBVA Argentina si è attestato al 25,3%, con un eccesso di 1,25 trilioni di dollari rispetto ai requisiti minimi.
Banco BBVA Argentina S.A. reportó sus resultados del segundo trimestre de 2024, mostrando un incremento del 178,8% en ingresos netos ajustados por inflación, alcanzando 112,9 mil millones de dólares en comparación con el primer trimestre de 2024. El ROAA del banco fue del 4,7% y el ROAE fue del 19,5% en el segundo trimestre de 2024. Los ingresos operativos disminuyeron en un 40,3% trimestre a trimestre, alcanzando 446,7 mil millones de dólares. La financiación total consolidada al sector privado creció un 23,1% en términos reales, alcanzando 3,8 billones de dólares, mientras que los depósitos consolidados totales aumentaron un 2,6%, alcanzando 5,8 billones de dólares. La tasa de préstamos morosos fue del 1,18% con una tasa de cobertura del 165,50%. El ratio de capital regulatorio de BBVA Argentina se situó en el 25,3%, con un exceso de 1,25 billones de dólares sobre los requisitos mínimos.
Banco BBVA Argentina S.A.는 2024년 2분기 결과를 발표하며 인플레이션 조정된 순익이 178.8% 증가한 1,129억 달러에 달했다고 전했습니다. 은행의 ROAA는 4.7%, ROAE는 19.5%였습니다. 운영 수익은 전 분기 대비 40.3% 감소하여 446.7억 달러로 집계되었습니다. 민간 부문에 대한 총 통합 자금 조달은 실질적으로 23.1% 증가하여 3.8조 달러에 달했으며, 총 통합 예금은 2.6% 증가하여 5.8조 달러에 도달했습니다. 부실 대출 비율은 1.18%로, 165.50%의 충당금 비율을 기록했습니다. BBVA 아르헨티나의 규제 자본 비율은 25.3%로, 최소 요구 사항을 1.25조 달러 초과했습니다.
Banco BBVA Argentina S.A. a publié ses résultats du deuxième trimestre 2024, montrant une augmentation de 178,8% du revenu net ajusté à l'inflation, atteignant 112,9 milliards de dollars par rapport au premier trimestre 2024. Le ROAA de la banque était de 4,7% et le ROAE de 19,5% pour le deuxième trimestre 2024. Le revenu d'exploitation a diminué de 40,3% par rapport au trimestre précédent, atteignant 446,7 milliards de dollars. Le financement total consolidé au secteur privé a augmenté de 23,1% en termes réels, atteignant 3,8 billions de dollars, tandis que les dépôts consolidés totaux ont augmenté de 2,6% pour atteindre 5,8 billions de dollars. Le taux de créances douteuses était de 1,18% avec un ratio de couverture de 165,50%. Le ratio de capital réglementaire de BBVA Argentine s'élevait à 25,3%, avec un excédent de 1,25 billion de dollars par rapport aux exigences minimales.
Banco BBVA Argentina S.A. hat die Ergebnisse für das zweite Quartal 2024 veröffentlicht und einen Anstieg des inflationsbereinigten Nettogewinns um 178,8% auf 112,9 Milliarden Dollar im Vergleich zum ersten Quartal 2024 verzeichnet. Die ROAA der Bank betrug 4,7% und die ROAE 19,5% für das zweite Quartal 2024. Das Betriebsergebnis fiel im Quartalsvergleich um 40,3% auf 446,7 Milliarden Dollar. Die Gesamtkonsolidierung der Finanzierungen an den Privatsektor wuchs um 23,1% in realen Begriffen auf 3,8 Billionen Dollar, während die Gesamteinlagen um 2,6% auf 5,8 Billionen Dollar anstiegen. Die Quote der notleidenden Kredite lag bei 1,18% mit einer Deckungsquote von 165,50%. Die Regulierung des Eigenkapitalverhältnisses von BBVA Argentinien lag bei 25,3%, mit einem Überschuss von 1,25 Billionen Dollar über den Mindestanforderungen.
- Net income increased 178.8% quarter-over-quarter to $112.9 billion
- ROAA of 4.7% and ROAE of 19.5% in Q2 2024
- Total financing to private sector grew 23.1% in real terms to $3.8 trillion
- Non-performing loan ratio remained low at 1.18% with 165.50% coverage ratio
- Strong regulatory capital ratio of 25.3%, with $1.25 trillion excess over minimum requirements
- Operating income decreased by 40.3% quarter-over-quarter to $446.7 billion
- Year-over-year net income growth was minimal at 0.1%
- Accumulated net income for H1 2024 was 15.7% lower than H1 2023
- Total consolidated deposits fell 22.2% year-over-year
- Efficiency ratio of 59.9% in Q2 2024 was higher than 56.6% in Q2 2023
Insights
BBVA Argentina's Q2 2024 results show a mixed performance. The
The bank's efficiency ratio deteriorated to
The
BBVA Argentina's market position shows some concerning trends. The bank's market share in private sector loans stands at
The
The
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 2023 and 2024 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to June 30, 2024.
2Q24 Highlights
- BBVA Argentina's inflation adjusted net income in 2Q24 was
$112.9 billion 178.8% above the$40.5 billion 0.1% above than the$112.80 3 billion$153.4 billion 15.7% lower than the accumulated net result of$181.9 billion - In 2Q24, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of
4.7% and an inflation adjusted average return on equity (ROAE) of19.5% . In the first half of 2024, BBVA Argentina posted an inflation adjusted ROAA of3.0% and an inflation adjusted ROAE of13.3% . - Operating income in 2Q24 was
$446.7 billion 40.3% lower than the$748.4 billion 4.1% lower than the$465.7 billion $1.20 trillion 44.4% above the$827.9 billion - In terms of activity, total consolidated financing to the private sector in 2Q24 totaled
$3.8 trillion 23.1% in real terms compared to 1Q24, and contracting3.5% compared to 2Q23. In the quarter, the variation was driven by an overall growth in all lines, especially in credit cards by15.3% , in consumer loans by45.3% and in discounted instruments by30.1% . BBVA's consolidated market share of private sector loans reached10.54% as of 2Q24. - Total consolidated deposits in 2Q24 totaled
$5.8 trillion 2.6% in real terms during the quarter, and falling22.2% YoY. Quarterly increase was mainly explained by an increment in time deposits and savings accounts, by27.7% and5.9% respectively. The Bank's consolidated market share of private deposits reached7.50% as of 2Q24. - As of 2Q24, the non-performing loan ratio (NPL) reached
1.18% , with a165.50% coverage ratio. - The accumulated efficiency ratio in 2Q24 was
59.9% , improving compared to 1Q24's65.4% , and above 2Q23's56.6% . - As of 2Q24, BBVA Argentina reached a regulatory capital ratio of
25.3% , entailing a$1.25 trillion 210.30% excess over minimum regulatory requirement. Tier I ratio was25.3% . - Total liquid assets represented
69.5% of the Bank's total deposits as of 2Q24.
2Q24 Conference Call
Thursday, August 22, 2024, 12:00 p.m.
To participate please dial-in:
+ 54-11-3984-5677 (
+ 1-844-450-3851 (
+ 1-412-317-6373 (International)
Web Phone: click here
Conference code: BBVA
Webcast & Replay: click here
To access the full report English version - Spanish version
To access webcast presentation 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
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
Carmen Morillo Arroyo
Chief Financial Officer
Inés Lanusse
Investor Relations Officer
Belén Fourcade
Investor Relations
investorelations-arg@bbva.com
ir.bbva.com.ar
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SOURCE Banco BBVA Argentina S.A.
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