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Banco BBVA Argentina S.A. reports recurring bank results and foreign-issuer disclosures for its Argentine retail and corporate banking business. The bank is a BBVA Group subsidiary and serves individuals, small and medium-sized enterprises, and large corporations through financing, deposits, foreign trade, agricultural business, digital products, and other banking services.
News updates commonly cover quarterly and annual consolidated results, inflation-adjusted reporting under IAS 29, private-sector loan and deposit trends, market share, regulatory capital, dividends, earnings-call schedules, and Form 20-F annual report filings. Coverage also reflects its multi-market security profile, including listings in New York, Argentina, and Latibex.
Banco BBVA Argentina S.A. (BBAR) has announced the payment of the second installment of its dividend schedule. Following approvals from shareholders, the Argentine Central Bank, and the Board of Directors, the total dividend amount is AR$400.6 billion. Installment 2 involves a payment of AR$48.6 billion or AR$237.203 per share, scheduled for June 11, 2024. Shareholders can opt for payment in pesos or National Treasury Bonds adjusted by CER 4.25% due December 13, 2024.
Non-resident shareholders, unless opting otherwise, will receive payment in pesos. Resident shareholders must communicate their payment preference via email by June 6, 2024. The cut-off date for share registry is June 6, 2024, and the payment will be managed through Caja de Valores S.A. for payments in pesos and Banco BBVA Argentina S.A. for payments in kind. Tax withholdings of 7% will be applied as per Argentine Income Tax Law.
Banco BBVA Argentina S.A. (NYSE: BYMA; MAE: BBAR) announced its consolidated results for the first quarter of 2024, ended on March 31, 2024.
The inflation-adjusted net income was $34.2 billion, a 53.7% decrease from 4Q23 and a 41.4% decrease from 1Q23. Operating income was $631.2 billion, down 12.9% from 4Q23 but up 106.6% from 1Q23.
Total consolidated financing to the private sector was $2.7 trillion, down 12.7% from 4Q23 and 21.9% from 1Q23. Total consolidated deposits were $4.8 trillion, a 13.5% decrease from 4Q23 and a 21.7% decline year-over-year.
The non-performing loan ratio was 1.23%, with a coverage ratio of 173.77%. The efficiency ratio deteriorated to 65.4%, and the regulatory capital ratio was 35.6%.
The bank's market share of private sector loans was 10.08%, while its market share of private deposits was 7.37%. Total liquid assets represented 91.9% of total deposits.
Banco BBVA Argentina S.A. (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) announced its First Quarter 2024 financial results schedule, with an earnings release on May 22, 2024, a conference call on May 23, 2024, and a quiet period from May 8 to May 22, 2024. Executives include Ms. Carmen Morillo Arroyo and Ms. Inés Lanusse.
Banco BBVA Argentina S.A. announced the approval of dividend payment schedule and first installment payment. The dividend amount approved is AR$ 264,227,684,640, now equivalent to AR$ 400,627,017,508. Non-resident shareholders have options to receive dividends in BOPREAL or Bonds. Resident shareholders will receive payment in pesos or Bonds. Payment will be made in installments on May 14, June 11, and July 11. American Depositary Shares (ADS) holders will receive payment through Bank of New York Mellon. Dividends are subject to 7% withholding and COUNTRY tax.
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