BUENOS AIRES, Argentina,
Aug. 24, 2021 /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 (2Q21), ended on
June 30, 2021.
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 2020 and 2021 have been updated according to IAS 29 reporting to
reflect the accumulated effect of inflation adjustment for each
period up to June 30, 2021.
2Q21 Highlights
- BBVA Argentina's inflation adjusted net income in 2Q21 was
$7.2 billion, 119.3% greater than the
$3.3 billion reported on the first
quarter of 2021 (1Q21), and 14.3% greater than the $6.3 billion reported on the second quarter of
2020 (2Q20).
- In 2Q21, BBVA Argentina posted an inflation adjusted average
return on assets (ROAA) of 3.4% and an inflation adjusted average
return on equity (ROAE) of 22.2%.
- In terms of activity, total consolidated financing to the
private sector in 2Q21 totaled $319.9
billion, contracting in real terms 2.9% compared to 1Q21,
and 15.0% compared to 2Q20. In the quarter, changes were mainly
driven by the fall in credit cards, other loans and
overdrafts by 4.3%, 6.6% and 17.7% respectively. BBVA's
consolidated market share of private sector loans was 8.21% as of
2Q21.
- Total consolidated deposits in 2Q21 totaled $609.1 billion, increasing 8.1% in real terms
during the quarter, and 8.6% in the year. Quarterly growth is
mainly explained by sight deposits, especially checking
accounts and savings accounts, which increased 21.2% and
6.2% respectively. The Bank's consolidated market share of private
deposits was 7.41% as of 2Q21.
- As of 2Q21, the non-performing loan ratio (NPL) reached 2.49%,
with a 187.88% coverage ratio.
- The accumulated efficiency ratio in 2Q21 was 70.1%, below
1Q21's 72.5%, and above 2Q20's 56.0%.
- As of 2Q21, BBVA Argentina reached a regulatory capital ratio
of 23.3%, entailing a $78.8 billion
or 184.5% excess over minimum regulatory requirement. Tier I ratio
was 22.6%.
- Total liquid assets represented 75.7% of the Bank's total
deposits as of 2Q21.
2Q21 Conference Call
Wednesday, August 25, 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
Conference ID: BBVA
Webcast & Replay: click here
To access the full report 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
Ernesto Gallardo
Chief
Financial Officer
Inés Lanusse
Investor Relations Officer
investorelations-arg@bbva.com
ir.bbva.com.ar
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SOURCE Banco BBVA Argentina S.A.