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Banco Bbva Argentina SA
BCBA:BBAR

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Banco Bbva Argentina SA
BCBA:BBAR
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Price: 9 420 ARS 3.06% Market Closed
Market Cap: 5.8T ARS

Banco Bbva Argentina SA
Investor Relations

Banco BBVA Argentina SA stands as a pivotal player in Argentina's bustling financial ecosystem, deeply embedded in the country's journey towards economic stability and growth. Rooted in its rich history, BBVA Argentina has evolved from its origins in the late 19th century into a major financial institution, adeptly navigating the challenges of an ever-changing economic landscape. The bank operates as a subsidiary of the global BBVA Group, leveraging international insights and resources to craft a comprehensive suite of financial services that cater to both individual and corporate clientele. Within its vast portfolio, BBVA Argentina offers a spectrum of services including personal banking, commercial finance, asset management, and small-to-medium enterprise (SME) support, all underpinned by a commitment to digital innovation.

In its quest to capture market share and drive profitability, Banco BBVA Argentina SA expertly blends traditional banking services with cutting-edge technology, setting it apart as a leader in the digital transformation of the Argentine banking sector. The bank generates revenue through interest income on loans, fees and commissions from a range of services such as payment processing, wealth management, and the strategic management of a healthy investment portfolio. By fostering strong relationships with customers and maintaining a resilient infrastructure, BBVA Argentina not only seeks to capitalize on local opportunities but also mitigates risks associated with economic volatility. Moreover, the bank's integration of ESG (Environmental, Social, and Governance) criteria into its operations underscores a broader commitment to sustainable growth, aligning its financial objectives with the pressing socio-environmental demands of the marketplace.

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Last Earnings Call
Fiscal Period
Q2 2023
Call Date
Aug 24, 2023
AI Summary
Q2 2023

Strong Profit Growth: BBVA Argentina reported a significant quarter-over-quarter increase in net income, up 63.3% to ARS30.4 billion, with quarterly ROE at 21.3% and ROA at 3.9%.

Operating Efficiency: The efficiency ratio improved markedly to 42.8% from 62.4% in the prior quarter, driven by higher interest and fee income.

Interest Income Surge: Net interest income rose 14.2% QoQ, mainly from government securities and liquidity instruments amid rising interest rates.

Challenging Macro Environment: Management highlighted severe macroeconomic volatility, with annual inflation at 113.4% in July and forecasts for year-end inflation between 175%-200%.

Digital Transformation: Digital sales and customer acquisitions continued to grow, with digital channels now representing 75% of new customers and nearly 94% of retail sales by units.

Stable Loan & Deposit Trends: Loans remained flat in real terms but market share improved to 9.01%. Deposits grew 3.5% QoQ, with a healthy liquidity ratio of 84.1%.

Key Financials
Net Income
ARS30.4 billion
ROE
21.3%
ROA
3.9%
Operating Income
ARS125.3 billion
Net Interest Income
ARS195.5 billion
Interest Income
ARS371.2 billion
Interest Expenses
ARS185.7 billion
Net Fee Income
ARS23.7 billion
Fee Income
ARS33.4 billion
Fee Expenses
ARS9.6 billion
Operating Expenses
ARS92.6 billion
Efficiency Ratio (Quarterly)
42.8%
Efficiency Ratio (Accumulated)
56.6%
Private Sector Loans
ARS1.1 trillion
Market Share of Private Sector Loans
9.01%
Asset Quality Ratio
1.38%
Private Nonfinancial Sector Deposits
ARS2 trillion
Market Share of Private Deposits
7.03%
Capital Ratio
28.4%
Liquidity Ratio
84.1%
Digital Client Penetration
62%
Retail Mobile Client Penetration
56%
Retail Digital Sales (units)
93.9%
Retail Digital Sales (monetary value)
71.8%
Digital Channel New Customer Acquisitions
75%
Inflation (Argentina, July 2023)
113.4%
Earnings Call Recording
Other Earnings Calls
2022

Management

Mr. Jorge Alberto Bledel
Chief Executive Officer
No Bio Available
Ms. Carmen Morillo Arroyo
Chief Financial Officer
No Bio Available
Ms. Maria Veronica Incera
Chief Corporate & Investment Banking Officer
No Bio Available
Ms. Mónica Gabriela Etcheverry
Chief Internal Control & Compliance Officer
No Bio Available
Mr. Eduardo Gonzalez Correas
Chief Legal Officer and Head of Market & Industry Relations
No Bio Available
Mr. Gerardo Mario Fiandrino
Chief Risk Officer
No Bio Available
Mr. Leandro Alvarez
Chief Engineering & Data Officer
No Bio Available
Rubén Lemme
Head of Integrity
No Bio Available
Mr. Pablo Hernan Jordan
Chief Commercial Banking Officer
No Bio Available
Mr. Marcos José Dal Bianco
Director of Research
No Bio Available

Contacts

Address
BUENOS AIRES
Buenos Aires
Reconquista 199 - Caba Zona Norte - Caba
Contacts
+541143464000.0
www.bbva.com.ar