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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. (NYSE: BBAR) has filed its Annual Report on Form 20-F for the fiscal year 2020 with the SEC. This comprehensive report outlines the bank's financial performance and is accessible on the company's Investor Relations website. Hard copies of the Audited Consolidated Financial Statements are available upon request. As a leading private financial institution in Argentina, Banco BBVA serves a diverse customer base with retail and corporate banking solutions, aiming to foster responsible and inclusive banking practices.
Banco BBVA Argentina S.A. (BBAR) reported a net income of $12.0 billion for 2020, a decrease of 38.9% from 2019's $19.7 billion. The bank achieved a ROAA of 1.8% and a ROAE of 11.8%. Consolidated financing to the private sector rose 5.9% year-over-year, totaling $290.3 billion. Total deposits increased 19.5% to $478.2 billion. The non-performing loan ratio stood at 1.42%, with a coverage ratio of 324.43%. The efficiency ratio grew to 56.8% from 43.7% in 2019. Regulatory capital ratio reached 20.2%, indicating strong capital adequacy.
Banco BBVA Argentina S.A. reported its 3Q20 results, highlighting an inflation adjusted net income of $2.83 billion, a 2.9% increase from 2Q20 but a significant 65.4% decrease from 3Q19. Total financing to the private sector contracted by 4.1% compared to the previous quarter, while total deposits fell 0.6% in real terms. The non-performing loan ratio stood at 1.16% with a coverage ratio of 355.26%. The regulatory capital ratio was reported at 23.3%, exceeding the minimum requirement. The efficiency ratio was 58.0%, indicating an increase in operational costs.
Banco BBVA Argentina S.A. (NYSE: BBAR) announced that it will report its Third Quarter 2020 results on November 24, 2020, after market close. A conference call will follow on November 25, 2020, at 12:00 p.m. Buenos Aires time (10:00 a.m. EST). The company is currently in a quiet period from November 11 to November 25, 2020. Established in 1886, Banco BBVA Argentina is a leading private financial institution in the country, focusing on retail and corporate banking.
Banco BBVA Argentina reported its 2Q20 results, revealing an inflation-adjusted net income of $2.6 billion, marking a 21.9% decline from 1Q20 and a 70.1% decrease year-over-year. The bank achieved an inflation-adjusted return on assets (ROA) of 1.9% and a return on equity (ROE) of 10.9%. Total financing to the private sector increased 5.4% from the previous quarter but fell 5.0% compared to last year. Total deposits rose 8.0% in real terms but dropped 8.3% year-over-year. The non-performing loan (NPL) ratio stood at 1.56%, with a coverage ratio of 269.38%.
Banco BBVA Argentina (NYSE: BBAR) will release its Second Quarter 2020 financial results on August 25, after market close. A conference call is scheduled for August 26 at 12:00 PM Buenos Aires time (11:00 AM EST). The company has entered a quiet period from August 12 to August 26, limiting communications prior to earnings announcement. Established in 1886, Banco BBVA Argentina continues to be a key player in the financial sector, providing comprehensive retail and corporate banking services.