BUENOS AIRES, Argentina,
May 26, 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 first quarter (1Q21), ended on
March 31, 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 have been updated according to IAS 29 reporting to reflect
the accumulated effect of inflation adjustment for each period up
to March 31, 2021.
1Q21 Highlights
- BBVA Argentina's inflation adjusted net income in 1Q21 was
$3.0 billion, 50.8% greater than the
$2.0 billion reported in the first
quarter of 2020 (1Q20).
- In 1Q21, BBVA Argentina posted an inflation adjusted average
return on assets (ROAA) of 1.6% and an inflation adjusted average
return on equity (ROAE) of 10.5%.
- In terms of activity, total consolidated financing to the
private sector in 1Q21 totaled $296.8
billion, contracting in real terms 9.5% compared to the
fourth quarter of 2020 (4Q20), and 7.7% compared to 1Q20. In the
quarter, contraction was driven by the fall in credit cards, other
loans and overdrafts by 7.5%, 16.1% and 32.9% respectively. BBVA's
consolidated market share of private sector loans was 8.23% as of
1Q21.
- Total consolidated deposits in 1Q21 totaled $507.8 billion, contracting 6.0% in real terms
during the quarter, and expanding 8.5% in the year. The quarterly
contraction is mainly explained by sight deposits, especially
checking accounts in pesos, which fell 19.0%. The Bank's
consolidated market share of private deposits was 6.90% as of
1Q21.
- As of 1Q21, the non-performing loan ratio (NPL) reached 1.72%,
with a 275.22% coverage ratio.
- The accumulated efficiency ratio in 1Q21 was 72.5%, above
1Q20's 59.3%.
- As of 1Q21, BBVA Argentina reached a regulatory capital ratio
of 22.4%, entailing a $69.2 billion
or 173.3% excess over minimum regulatory requirement. Tier I ratio
was 21.7%.
- Total liquid assets represented 72.0% of the Bank's total
deposits as of 1Q21.
1Q21 Conference Call
Thursday, May 27, 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 contact
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.