Welcome to our dedicated page for byma news (Ticker: byma), a resource for investors and traders seeking the latest updates and insights on byma stock.
About BBVA Argentina (BYMA)
BBVA Argentina (BYMA), a subsidiary of the globally recognized BBVA Group, is a prominent private financial institution in Argentina with a legacy dating back to 1886. Operating across the nation, BBVA Argentina provides a comprehensive suite of retail and corporate banking services tailored to meet the diverse needs of individuals, small and medium-sized enterprises (SMEs), and large corporations. Its extensive experience and commitment to innovation have positioned it as a key player in Argentina's financial services sector.
Core Business and Revenue Streams
BBVA Argentina's business model revolves around offering a wide range of financial products and services. These include savings and checking accounts, loans, credit cards, investment products, and insurance solutions. The company generates revenue primarily through interest income on loans and mortgages, fees from banking transactions, and commissions on financial products. Its diversified revenue streams enable it to cater to various customer segments while maintaining financial stability.
Market Context and Industry Position
Operating within the highly competitive and regulated financial services industry, BBVA Argentina plays a critical role in facilitating economic activity in the country. Argentina's economic environment, characterized by inflationary pressures and currency volatility, presents unique challenges and opportunities. BBVA Argentina's adoption of inflation-adjusted reporting (IAS 29) underscores its commitment to transparency and financial accuracy, which are essential in such a dynamic market.
Customer-Centric Approach and Values
BBVA Argentina distinguishes itself through its customer-first philosophy, emphasizing personalized solutions and a seamless banking experience. The institution's core values—"The customer comes first, We think big, and We are one team"—guide its operations and decision-making processes. This approach not only enhances customer satisfaction but also fosters long-term loyalty.
Responsible Banking and Sustainability
Aligned with the BBVA Group's global vision, BBVA Argentina is committed to promoting a more inclusive and sustainable society. Its responsible banking model focuses on addressing customers' real needs while contributing to social and environmental well-being. By integrating sustainability into its operations, the company aims to create long-term value for all stakeholders.
Competitive Landscape and Differentiation
BBVA Argentina faces competition from other major banks and emerging fintech companies in the region. However, its affiliation with the BBVA Group provides a strategic advantage, offering access to global expertise, advanced technological solutions, and a robust financial network. Additionally, its emphasis on innovation, customer-centricity, and sustainability sets it apart in a crowded marketplace.
Strategic Focus and Future Outlook
While navigating the complexities of Argentina's economic environment, BBVA Argentina remains focused on leveraging technology to enhance operational efficiency and customer experience. Its strategic initiatives aim to expand digital banking capabilities, foster financial inclusion, and support sustainable economic growth. These efforts align with broader industry trends, ensuring the company remains relevant and competitive in the long term.
Conclusion
BBVA Argentina (BYMA) exemplifies a well-established financial institution with a strong market presence, diversified offerings, and a commitment to sustainability. By combining its rich heritage with a forward-looking approach, the company continues to play a pivotal role in Argentina's financial ecosystem.
BBVA Argentina (NYSE: BBAR) has scheduled its Fourth Quarter & Fiscal Year 2024 financial results announcement for March 5, 2025, after market close. The company will host a conference call on March 6, 2025, at 12:00 p.m. Buenos Aires time (10:00 a.m. EST) to discuss the results.
The company has established a quiet period from February 19 through March 5, 2025. The earnings presentation will be led by Carmen Morillo Arroyo (CFO), Inés Lanusse (IR Officer), and Belén Fourcade (IR).
BBVA Argentina, a subsidiary of the BBVA Group since 1996, is one of Argentina's leading private financial institutions, serving retail and corporate customers, including individuals, SMEs, and large corporations.
BBVA Argentina reported Q3 2024 net income of $99.2 billion, showing a 21.6% decrease from Q2 2024 but a 224.8% increase from Q3 2023. The bank's operating income was $294.0 billion, down 41.3% quarterly. Total consolidated financing to the private sector reached $5.5 trillion, up 26.5% from previous quarter, with market share at 10.35%. Total deposits grew 30.9% to $8.5 trillion, with market share at 8.67%. The bank maintained strong financial metrics with a non-performing loan ratio of 1.18%, coverage ratio of 152.98%, and regulatory capital ratio of 22.2%.
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) 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 $4.8 trillion, a 13.5% decrease from 4Q23 and a 21.7% decline year-over-year.
The non-performing loan ratio was 1.23%, with a coverage ratio of 173.77%. The efficiency ratio deteriorated to 65.4%, and the regulatory capital ratio was 35.6%.
The bank's market share of private sector loans was 10.08%, while its market share of private deposits was 7.37%. Total liquid assets represented 91.9% of total deposits.
Banco BBVA Argentina S.A. announced the approval of dividend payment schedule and first installment payment. The dividend amount approved is AR$ 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.
Banco BBVA Argentina S.A. has announced the approval of a dividend payment of AR$ 1,097,100,750, equating to AR$ 1.7905707570 per share, marking 179.05% of the capital stock. This payment, corresponding to installment N° 11, will be available to shareholders registered as of November 1, 2022, with a payment date set for November 2, 2022. Local shareholders will receive payments in Argentine Pesos, while non-resident shareholders may opt for securities or Argentine Pesos. No withholding tax applies as the dividends correspond to tax-free profits prior to January 1, 2018.
Banco BBVA Argentina S.A. (NYSE: BYMA; MAE: BBAR) has announced a dividend payment of AR$ 1,097,100,750, equating to AR$ 1.7906 per share, confirmed during shareholder meetings on April 29, 2022, and June 16, 2022. The payment date is set for August 3, 2022, with a record date of August 2, 2022. Local and non-resident shareholders have specific processes for receiving dividends, including options for payment in Argentine pesos or securities. Dividends are tax-exempt as they derive from accrued profits before January 1, 2018.
Banco BBVA Argentina S.A. reported its 3Q20 results, highlighting an inflation adjusted net income of $2.83 billion, a 2.9% increase from 2Q20 but a significant 65.4% decrease from 3Q19. Total financing to the private sector contracted by 4.1% compared to the previous quarter, while total deposits fell 0.6% in real terms. The non-performing loan ratio stood at 1.16% with a coverage ratio of 355.26%. The regulatory capital ratio was reported at 23.3%, exceeding the minimum requirement. The efficiency ratio was 58.0%, indicating an increase in operational costs.
FAQ
What does BBVA Argentina (BYMA) do?
How does BBVA Argentina generate revenue?
What is BBVA Argentina's competitive advantage?
What is BBVA Argentina's approach to sustainability?
Who are BBVA Argentina's main customers?
What challenges does BBVA Argentina face in its market?
How does BBVA Argentina differentiate itself from competitors?
What role does technology play in BBVA Argentina's operations?
What values guide BBVA Argentina's operations?
What is BBVA Argentina's historical significance?
