Banco BBVA Argentina S.A. announces Fourth Quarter and Fiscal Year 2023 results
As of
4Q23 & 2023 Highlights
-
BBVA Argentina's inflation adjusted net income in 4Q23 was$48.6 billion , 220.8% higher than the$15.2 billion reported on the third quarter of 2023 (3Q23), and 8.7% lower than the$53.2 billion reported on the fourth quarter of 2022 (4Q22).BBVA Argentina's inflation adjusted net income for the twelve months of 2023 totaled$164.9 billion , 8.6% lower than the$180.4 billion reported in the twelve months of 2022. - In 4Q23,
BBVA Argentina posted an inflation adjusted average return on assets (ROAA) of 3.2% and an inflation adjusted average return on equity (ROAE) of 15.3%. In 2023,BBVA Argentina posted an inflation adjusted ROAA of 2.7% and an inflation adjusted ROAE of 13.0%. - Operating income in 4Q23 was
$477.9 billion , 86.4% higher than the$256.5 billion recorded in 3Q23 and 148.8% over the$192.1 billion recorded in 4Q22. In 2023, the accumulated operating income was$1.19 trillion , 86.4% above the$641.0 billion recorded in the same period of 2022. - In terms of activity, total consolidated financing to the private sector in 4Q23 totaled
$2.0 trillion , falling 5.7% in real terms compared to 3Q23, and contracting 12.3% compared to 4Q22. In the quarter, the variation was mainly driven by a decline in credit cards by 7.6%, in consumer loans by 21.5% and in other loans by 15.4%. This was offset by an increase in prefinancing and financing of exports by 54.7%. BBVA's consolidated market share of private sector loans reached 9.85% as of 4Q23. - Total consolidated deposits in 4Q23 totaled
$3.6 trillion , decreasing 8.5% in real terms during the quarter, and 11.0% YoY. Quarterly decrease was mainly explained by a fall in time deposits and investment accounts, by 40.9% and 37.1% respectively. The Bank's consolidated market share of private deposits reached 6.79% as of 4Q23. - As of 4Q23, the non-performing loan ratio (NPL) reached 1.29%, with a 165.30% coverage ratio.
- The accumulated efficiency ratio in 4Q23 was 58.6%, improving compared to 3Q23's 63.8%, and to 4Q22's 63.9%.
- As of 4Q23,
BBVA Argentina reached a regulatory capital ratio of 32.8%, entailing a$944.4 billion or 280.5% excess over minimum regulatory requirement. Tier I ratio was 32.8%. - Total liquid assets represented 91.2% of the Bank's total deposits as of 4Q23.
4Q23 Conference Call
To participate please dial-in:
+ 54-11-3984-5677 (
+ 1-844-450-3851 (
+ 1-412-317-6373 (International)
Web Phone:click here
Código de la conferencia: BBVA
Webcast & Replay: click here
To access the full report
English version - Spanish version
To access webcast presentation click here
About
Investor Relations Contact
Carmen Morillo Arroyo
Chief Financial Officer
Inés Lanusse
Investor Relations Officer
Investor Relations
investorelations-arg@bbva.com
ir.bbva.com.ar
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