BUENOS
AIRES, Argentina, March 6,
2023 /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 fourth quarter (4Q22), ended on
December 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 December 31, 2022.
4Q22 & 2022 Highlights
- BBVA Argentina's inflation adjusted net income in 4Q22 was
$17.1 billion, 50.9% greater than the
$11.3 billion reported on the third
quarter of 2022 (3Q22), and 84.1% greater than the $9.3 billion reported on the fourth quarter of
2021 (4Q21). BBVA Argentina's inflation adjusted net income in 2022
totaled $57.9 billion, 40.5% higher
than the $41.2 billion reported in
2021.
- In 4Q22, BBVA Argentina posted an inflation adjusted average
return on assets (ROAA) of 3.6% and an inflation adjusted average
return on equity (ROAE) of 19.4%. In 2022, BBVA Argentina posted an
inflation adjusted ROAA of 3.0% and an inflation adjusted ROAE of
17.5%.
- Operating income in 4Q22 was $61.7
billion, 8.6% above the $56.8
billion recorded in 3Q22 and 81.2% over the $34.1 billion recorded in 4Q21. In 2022,
operating income was $205.8 billion,
73.0% above the $119.0 billion
recorded in 2021.
- In terms of activity, total consolidated financing to the
private sector in 4Q22 totaled $733.5
billion, increasing 7.4% in real terms compared to 3Q22, and
contracting 3.1% compared to 4Q21. In the quarter, the increase was
mainly driven by growth in discounted instruments, other
loans, overdrafts and in credit cards by 34.6%, 8.0%,
12.1% and 2.9% respectively. BBVA's consolidated market share of
private sector loans reached 9.10% as of 4Q22.
- Total consolidated deposits in 4Q22 totaled $1.3 trillion, increasing 5.3% in real terms
during the quarter, and falling 4.8% in the year. Quarterly
increase was mainly explained by sight deposits, which grew 9.3%.
The Bank's consolidated market share of private deposits reached
6.64% as of 4Q22.
- As of 4Q22, the non-performing loan ratio (NPL) reached 1.13%,
with a 242.23% coverage ratio.
- The accumulated efficiency ratio in 4Q22 was 63.9%, below
3Q22's 69.0%, and 4Q21's 69.1%.
- As of 4Q22, BBVA Argentina reached a regulatory capital ratio
of 26.1%, entailing a $219.5 billion
or 219.1% excess over minimum regulatory requirement. Tier I ratio
was 25.6%.
- Total liquid assets represented 77.3% of the Bank's total
deposits as of 4Q22.
4Q22 Conference Call
Tuesday, March 7, 2023 - 12:00 p.m. Buenos
Aires time (10:00 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 click
here
To access webcast
presentation 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
Carmen Morillo Arroyo
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.