BUENOS AIRES, Argentina, Aug. 23,
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 second quarter (2Q22), ended on
June 30, 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 June 30, 2022.
2Q22 Highlights
- BBVA Argentina's inflation adjusted net income in 2Q22 was
$15.9 billion, 235.8% higher than the
$4.7 billion reported on the first
quarter of 2022 (1Q22), and 34.2% higher than the $11.8 billion reported on the second quarter of
2021 (2Q21). In the first six months of 2022, the accumulated net
income was $20.6 billion, 19.6% above
the $17.2 billion recorded in the
first six months of 2021.
- In 2Q22, BBVA Argentina posted an inflation adjusted average
return on assets (ROAA) of 4.6% and an inflation adjusted average
return on equity (ROAE) of 28.3%. The six month accumulated ROAA
reached 3.0% while the six month accumulated ROAE was 18.9%.
- Operating income in 2Q22 was $32.0
billion, 10.2% above the $29.0
billion recorded in 1Q22 and 51.9% over the $21.1 billion recorded in 2Q21.
- In terms of activity, total consolidated financing to the
private sector in 2Q22 totaled $519.3
billion, increasing 7.1% in real terms compared to 1Q22, and
falling 1.0% compared to 2Q21. In the quarter, the increase was
mainly driven by growth in credit cards, other loans,
prefinancing and financing of exports and in overdrafts
by 5.3%, 10.7%, 41.5% and 21.2% respectively. BBVA's consolidated
market share of private sector loans reached 8.35% as of 2Q22.
- Total consolidated deposits in 2Q22 totaled $974.1 billion, increasing 4.2% in real terms
during the quarter, and falling 2.5% in the year. Quarterly
increase was mainly explained by sight deposits, which grew 4.4%.
The Bank's consolidated market share of private deposits reached
7.15% as of 2Q22.
- As of 2Q22, the non-performing loan ratio (NPL) reached 1.08%,
with a 219.39% coverage ratio.
- The accumulated efficiency ratio in 2Q22 was 71.3%, below
1Q22's 72.2%, and 2Q21's 70.1%.
- As of 2Q22, BBVA Argentina reached a regulatory capital ratio
of 22.9%, entailing a $124.7 billion
or 180.1% excess over minimum regulatory requirement. Tier I ratio
was 22.7%.
- Total liquid assets represented 76.9% of the Bank's total
deposits as of 2Q22.
2Q22 Conference Call
Tuesday, August 24 - 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
Código de la conferencia: 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.