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 (4Q24), ended on December 31, 2024.

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

• BBVA Argentina’s inflation adjusted net income in 4Q24 was $64.7 billion, 39.6% below the $107.2 billion reported on the third quarter of 2024 (3Q24), and 38.9% lower than the $105.9 billion reported on the fourth quarter of 2023 (4Q23). Inflation adjusted accumulated net income for 2024 was $357.7 billion, 0.4% lower than the accumulated net result of $359.2 billion of 2023.
• 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) of 9.5%. In 2024, BBVA Argentina posted an inflation adjusted ROAA of 2.5% and an inflation adjusted ROAE of 12.5%.
• Operating income in 4Q24 was $164.8 billion, 48.1% lower than the $317.6 billion recorded in 3Q24 and 84.2% lower than the $1.0 trillion recorded in 4Q23. In 2024, the accumulated operating income was $1.9 trillion, 25.8% below the $2.6 trillion recorded in 2023.
• In terms of activity, total consolidated financing to the private sector in 4Q24 totaled $7.6 trillion, increasing 28.7% in real terms compared to 3Q24, and 75.0% compared to 4Q23. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancing and financing of exports by 81.0%, in credit cards by 25.4% and in discounted instruments by 26.0%. BBVA’s consolidated market share of private sector loans reached 11.31% as of 4Q24, versus 9.85% in 4T23, gaining 146 bps in the year.
• Total consolidated deposits in 4Q24 totaled $9.9 trillion, increasing 7.8% in real terms during the quarter, and 25.3% YoY. Quarterly increase was mainly explained by an increment in time deposits followed by savings accounts, by 14.3% and 3.6% respectively. The Bank’s consolidated market share of private deposits reached 8.72% as of 4Q24 versus 6.79% as of 4Q23, gaining 193 bps in the year.
• As of 4Q24, the non-performing loan ratio (NPL) reached 1.13%, with a 177.0% coverage ratio.
• The accumulated efficiency ratio in 4Q24 was 61.8%, deteriorating compared to 3Q24’s 59.7%, and 4Q23’s 58.6%.
• As of 4Q24, BBVA Argentina reached a regulatory capital ratio of 19.5%, entailing a $1.36 trillion or 138.5% excess over minimum regulatory requirement. Tier I ratio was 19.5%.
• 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)

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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.

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