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Banco BBVA Argentina S.A. (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR), commonly known as BBVA Argentina, is a prominent financial institution that has been serving the Argentine market since 1886. As a subsidiary of the globally recognized BBVA Group, which has been its main shareholder since 1996, BBVA Argentina holds a significant presence in the country's banking sector.
BBVA Argentina offers a comprehensive range of retail and corporate banking services to a wide spectrum of customers, including individuals, small and medium-sized enterprises (SMEs), and large corporations. The bank is committed to enhancing financial opportunities for all its clients, addressing their real needs, and providing optimal solutions to help them make informed financial decisions through a seamless and user-friendly banking experience.
The guiding principles of BBVA Argentina are encapsulated in three core values: 'The customer comes first', 'We think big', and 'We are one team'. These values underscore the bank's dedication to customer satisfaction, innovative thinking, and collaborative teamwork. Furthermore, BBVA Argentina is dedicated to promoting a responsible banking model that aims to foster a more inclusive and sustainable society.
In recent developments, BBVA Argentina announced its consolidated results for the first quarter of 2024, ending on March 31, 2024. The bank has adopted inflation-adjusted reporting according to IAS 29 to facilitate accurate financial comparisons between comparable periods in 2023 and 2024. This adjustment reflects the accumulated effect of inflation up to March 31, 2024, providing a clearer picture of the bank's financial performance.
For investors and stakeholders, BBVA Argentina provides comprehensive financial information and maintains open communication channels through its Investor Relations team. Key contacts include Chief Financial Officer Carmen Morillo Arroyo, Investor Relations Officer Inés Lanusse, and Belén Fourcade, who can be reached at investorelations-arg@bbva.com or via their dedicated investor relations website.
BBVA Argentina's commitment to excellence, customer-centric approach, and sustainable practices make it a leading player in Argentina's financial landscape, continuously striving to bring the age of opportunities to everyone.
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.
Banco BBVA Argentina reported its 2Q20 results, revealing an inflation-adjusted net income of $2.6 billion, marking a 21.9% decline from 1Q20 and a 70.1% decrease year-over-year. The bank achieved an inflation-adjusted return on assets (ROA) of 1.9% and a return on equity (ROE) of 10.9%. Total financing to the private sector increased 5.4% from the previous quarter but fell 5.0% compared to last year. Total deposits rose 8.0% in real terms but dropped 8.3% year-over-year. The non-performing loan (NPL) ratio stood at 1.56%, with a coverage ratio of 269.38%.
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