BUENOS
AIRES, Argentina, May 19, 2022
/PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE:
BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or
"BBVA" or "the Bank") announced today its
consolidated results for the first quarter (1Q22), ended on
March 31, 2022.
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 2021 and 2022 have been updated according to IAS 29 reporting to
reflect the accumulated effect of inflation adjustment for each
period up to March 31, 2022.
1Q22 Highlights
- BBVA Argentina's inflation adjusted net income in 1Q22 was
$4.0 billion, 27.1% lower than the
$5.5 billion reported on the fourth
quarter of 2021 (4Q21), and 12.3% lower than the $4.6 billion reported on the first quarter of
2021 (1Q21).
- In 1Q22, BBVA Argentina posted an inflation adjusted average
return on assets (ROAA) of 1.4% and an inflation adjusted average
return on equity (ROAE) of 9.0%.
- In terms of activity, total consolidated financing to the
private sector in 1Q22 totaled $413.2
billion, decreasing 8.4% in real terms compared to 4Q21, and
10.3% compared to 1Q21. In the quarter, the decrease was mainly
driven by a fall in credit cards and discounted
instruments by 9.3%, and 17.8% respectively. BBVA's
consolidated market share of private sector loans reached 7.89% as
of 1Q22.
- Total consolidated deposits in 1Q22 totaled $797.3 billion, decreasing 3.0% in real terms
during the quarter, and increasing 1.2% in the year. Quarterly
decrease was mainly explained by sight deposits, which fell 9.6%.
The Bank's consolidated market share of private deposits reached
7.12% as of 1Q22.
- As of 1Q22, the non-performing loan ratio (NPL) reached 1.29%,
with a 219.75% coverage ratio.
- The accumulated efficiency ratio in 1Q22 was 72.2%, above
4Q21's 69.1%, and slightly below 1Q21's 72.5%.
- As of 1Q22, BBVA Argentina reached a regulatory capital ratio
of 23.5%, entailing a $110.1 billion
or 188.2% excess over minimum regulatory requirement. Tier I ratio
was 23.3%.
- Total liquid assets represented 79.6% of the Bank's total
deposits as of 1Q22.
1Q22 Conference Call
Friday, May 20 -
12:00 p.m. Buenos Aires time
(11:00 a.m. EST)
To participate, please dial-in:
+ 54-11-3984-5677
(Argentina)
+ 1-844-450-3851 (United
States)
+ 1-412-317-6373 (International)
Web Phone: click here
Conference ID: BBVA
Webcast & Replay: click here
To access the full report please click
here
To access webcast presentation
please 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
Argentina, it is one of the
leading private financial institutions since 1886. Nationwide, BBVA
Argentina offers retail and corporate banking to a broad customer
base, including: individuals, SME's, and large-sized
companies.
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
Ernesto Gallardo
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.