Welcome to our dedicated page for Banco BBVA Argentina S.A. news (Ticker: BBAR), a resource for investors and traders seeking the latest updates and insights on Banco BBVA Argentina S.A. stock.
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. (NYSE: BBAR) has filed its Annual Report on Form 20-F for the fiscal year 2022 with the United States Securities and Exchange Commission (SEC). This report encapsulates the company's financial performance and operational insights over the year. Shareholders and interested parties can access the full report on the company's Investor Relations website, including hard copies of the audited consolidated financial statements available upon request.
The filing reinforces BBAR's commitment to transparency and regulatory compliance, serving as a valuable resource for investors monitoring the bank’s financial health and strategic direction.
Banco BBVA Argentina S.A. (NYSE:BBAR) reported strong financial results for 4Q22, with an inflation-adjusted net income of $17.1 billion, marking a 50.9% increase from 3Q22 and an 84.1% rise from 4Q21. For 2022, net income totaled $57.9 billion, up 40.5% year-over-year. The bank's operating income in 4Q22 was $61.7 billion, an increase of 8.6% from the previous quarter and 81.2% from a year ago. Total consolidated deposits reached $1.3 trillion, while total financing to the private sector was $733.5 billion. The non-performing loan ratio stood at 1.13% with a 242.23% coverage ratio, and the bank maintained a strong regulatory capital ratio of 26.1%.
Banco BBVA Argentina (NYSE: BBAR) will report its Fourth Quarter and Fiscal Year 2022 results on March 6, 2023, after market close. A conference call is scheduled for March 7, 2023, at 12:00 p.m. Buenos Aires time (10:00 a.m. EST). The quiet period begins on February 20 and continues until the earnings release. This briefing will be led by key executives including Carmen Morillo Arroyo, CFO, and Inés Lanusse, Investor Relations Officer. Interested participants can join via US toll-free and international dial-in numbers or through a webcast.
Banco BBVA Argentina S.A. (BBAR) reported its 3Q22 results, indicating inflation-adjusted net income of $9.7 billion, down 50.1% from 2Q22 but up 55.9% year-on-year. Accumulated net income for the first nine months of 2022 reached $34.8 billion, a 27.9% increase over the same period in 2021. Operating income rose by 24.0% to $48.4 billion compared to 2Q22. However, total consolidated financing to the private sector fell by 8.0% quarter-on-quarter, and total deposits dropped by 10.5% in real terms.
Banco BBVA Argentina S.A. (BBAR) announced a dividend payment of AR$ 1,097,100,750, translating to AR$ 1.7905707570 per share, following approvals from its General Meeting and Board of Directors. The payment is scheduled for December 6, 2022, with the record date set for December 5, 2022. Local shareholders will receive dividends in Argentine Pesos, while non-resident shareholders may opt for payments in securities or Pesos depending on their notifications. No withholding tax will be applied as dividends are from tax-free profits accrued before January 1, 2018.
Banco BBVA Argentina (BBAR) will report its Third Quarter 2022 financial results on November 22, 2022, after market close. A conference call is scheduled for November 23, 2022, at 12:00 p.m. Buenos Aires time (10:00 a.m. EST). This release marks a significant event for investors, providing insights into the bank's performance and operational developments. The quiet period will last from November 8 to November 22, 2022. Investors can participate by dialing in or using the provided web links for the conference call.
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