Banco BBVA Argentina S.A. Announces Fourth Quarter & Fiscal Year 2024 Results
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 2023 and 2024 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to December 31, 2024.
4Q24 & 2024 Highlights
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BBVA Argentina’s inflation adjusted net income in 4Q24 was
$64.7 billion 39.6% below the$107.2 billion 38.9% lower than the$105.9 billion $357.7 billion 0.4% lower than the accumulated net result of$359.2 billion -
In 4Q24, BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of
1.7% and an inflation adjusted average return on equity (ROAE) of9.5% . In 2024, BBVA Argentina posted an inflation adjusted ROAA of2.5% and an inflation adjusted ROAE of12.5% . -
Operating income in 4Q24 was
$164.8 billion 48.1% lower than the$317.6 billion 84.2% lower than the$1.0 trillion $1.9 trillion 25.8% below the$2.6 trillion -
In terms of activity, total consolidated financing to the private sector in 4Q24 totaled
$7.6 trillion 28.7% in real terms compared to 3Q24, and75.0% compared to 4Q23. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by81.0% , in credit cards by25.4% and in discounted instruments by26.0% . BBVA’s consolidated market share of private sector loans reached11.31% as of 4Q24, versus9.85% in 4T23, gaining 146 bps in the year. -
Total consolidated deposits in 4Q24 totaled
$9.9 trillion 7.8% in real terms during the quarter, and25.3% YoY. Quarterly increase was mainly explained by an increment in time deposits followed by savings accounts, by14.3% and3.6% respectively. The Bank’s consolidated market share of private deposits reached8.72% as of 4Q24 versus6.79% as of 4Q23, gaining 193 bps in the year. -
As of 4Q24, the non-performing loan ratio (NPL) reached
1.13% , with a177.0% coverage ratio. -
The accumulated efficiency ratio in 4Q24 was
61.8% , deteriorating compared to 3Q24’s59.7% , and 4Q23’s58.6% . -
As of 4Q24, BBVA Argentina reached a regulatory capital ratio of
19.5% , entailing a$1.36 trillion 138.5% excess over minimum regulatory requirement. Tier I ratio was19.5% . -
Total liquid assets represented
54.1% of the Bank’s total deposits as of 4Q24.
4Q24 Conference Call
Thursday, March 6th - 12:00 p.m. Buenos Aires Time (10:00 a.m. EST)
To participate click here to register
To access the full report English version - Spanish version
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
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.
View source version on businesswire.com: https://www.businesswire.com/news/home/20250305088936/en/
Investor Relations Contact
Carmen Morillo Arroyo
Chief Financial Officer
Belén Fourcade
Investor Relations
investorelations-arg@bbva.com
ir.bbva.com.ar
Source: Banco BBVA Argentina S.A
