4Q25 Corporate Presentation BBVA Argentina March 2026 Index p. 1 1 Macro Outlook 2 Financial System 3 4Q25 Balance Sheet 4 4Q25 Financial Results 5 BBVA Argentina Strategy 6 Appendix OUR PURPOSE "Support your drive to go further" OUR VALUES Customer comes first We think big We are one team BBVA Argentina Corporate Presentation p. 2 BBVA Argentina Corporate Presentation p. 3 BBVA Argentina 4Q25 Employees* 6,689 Branches 234 ATMs 868 ATSs 890 In-Company banks 15 Customer service booths 1 Points of sales 6 DIG ...

Core Insights - BBVA Argentina reported an inflation-adjusted net income of ARS 267.4 billion for 2025, a decrease of 43.2% compared to 2024, primarily due to increased loan loss allowances amid rising delinquency rates [1][7] - The bank's capital ratio stood at 18.3% and liquidity at 44.2%, with a focus on maintaining a conservative dividend policy while planning to exit inflation accounting by 2028 [5][17][19] Financial Performance - The bank's net interest income (NII) fell by 29.4% year-over-year, attributed to lower interest rates and inflation, although this was offset by a 36.9% increase in net fee income [7] - Fourth-quarter net income improved to ARS 59.3 billion, up 44.5% quarter-over-quarter, driven by higher income and lower expenses [8] - Loan loss allowances increased by 31.3% quarter-over-quarter and 181.2% year-over-year, reflecting a rise in non-performing loans (NPLs) [9] Market Position and Growth - Private loans rose to ARS 14.8 trillion, marking a 47.6% year-over-year increase, with market share in private loans reaching 11.91% [6][12][13] - The bank secured a credit line of up to $150 million from the International Finance Corporation to support financing for small and medium-sized enterprises [3] - BBVA Argentina's consolidated market share of private deposits increased to 10.04%, up from 8.60% a year ago [15][16] Future Outlook - Management expects loan growth of 25% to 30% in real terms for 2026, with a focus on improving profitability compared to 2025 [20] - The bank anticipates that NPLs and cost of risk will peak in the first quarter of 2026, with expectations for a downward trend thereafter [11]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for 2025 was ARS 267.4 billion, a decrease of 43.2% compared to 2024, resulting in a ROE of 7.3% and a ROA of 1.1% [6][7] - Net interest income decreased by 29.4% year-over-year due to lower interest rates and inflation, while net fee income increased by 36.9% [7][9] - The non-performing loan (NPL) ratio on private loans reached 4.18%, below the system average of 5.29% [5][12] Business Line Data and Key Metrics Changes - Private sector loans totaled ARS 14.8 trillion, increasing 7.6% quarter-over-quarter and 47.6% year-over-year, primarily driven by loans in pesos [11] - The bank's consolidated market share of private sector loans improved to 11.91%, up 64 basis points from the previous year [12] - Total gross loans to deposits ratio was 88%, up from 78% in December 2024 [12] Market Data and Key Metrics Changes - Total private deposits reached ARS 16.7 trillion, increasing 3.1% quarter-over-quarter and 29.7% year-over-year, with a market share of 10.04% [14] - Private non-financial sector deposits in pesos decreased by 1.4% quarter-over-quarter, while deposits in foreign currency increased by 11.6% [15][16] Company Strategy and Development Direction - BBVA Argentina aims to consolidate its growth strategy and gain market share, targeting loan growth of 25% to 30% for 2026 [24][25] - The bank is focusing on improving credit quality and managing risks, with expectations that NPLs will peak in the first quarter of 2026 [23][24] - The bank's strategy includes expanding financing for small and medium-sized enterprises, supported by a $150 million credit line from the International Finance Corporation [4][5] Management's Comments on Operating Environment and Future Outlook - Management noted that the first quarter of 2026 is expected to be challenging, but they anticipate improvements in credit indicators thereafter [23][24] - The bank is confident in achieving better profitability in 2026 compared to 2025, with expectations of ROE in the low to mid-teens [27][28] - Management emphasized the importance of stable and lower interest rates for consumer recovery and credit demand [104] Other Important Information - The bank's capital ratio reached 18.3%, with a focus on maintaining a lower payout ratio to support growth [16][55] - The efficiency ratio is expected to improve, with a target of around 46% for 2026 [79] Q&A Session Summary Question: Asset quality and loan growth outlook for 2026 - Management believes the first quarter will be tough, but expects NPLs to peak and credit indicators to improve thereafter, with a loan growth target of 25% to 30% for 2026 [24][25] Question: Profitability expectations for 2026 - Management is confident in achieving better profitability than in 2025, aiming for ROE in the low to mid-teens [27][28] Question: Deposit growth strategy - The bank has been growing deposits faster than the system, focusing on retail and SME deposits, and expects to continue gaining market share [33][34] Question: Guidance on net interest margin for 2026 - No formal guidance on net interest margin was provided, but management expects it to fall slightly in real terms, offset by growth in activity [88] Question: Personal expenses and inflation adjustments - Personal expenses decreased due to one-off provisions, and future growth in expenses is expected to be linked to inflation [93][94]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for 2025 was ARS 267.4 billion, a decrease of 43.2% compared to 2024, resulting in a ROE of 7.3% and a ROA of 1.1% [6][12] - The bank's net interest income decreased by 29.4% year-over-year due to lower interest rates and inflation, while net fee income increased by 36.9% [7][9] - The non-performing loan (NPL) ratio on private loans reached 4.18%, below the system average of 5.29% [5][12] Business Line Data and Key Metrics Changes - Private sector loans totaled ARS 14.8 trillion, increasing 7.6% quarter-over-quarter and 47.6% year-over-year, primarily driven by loans in pesos [11] - The bank's consolidated market share of private sector loans improved to 11.91%, up 64 basis points from the previous year [12] - Total gross loans over deposits ratio was 88%, up from 78% in December 2024 [12] Market Data and Key Metrics Changes - Total private deposits reached ARS 16.7 trillion, increasing 3.1% quarter-over-quarter and 29.7% year-over-year, with a market share of 10.04% [15] - Private non-financial sector deposits in pesos decreased by 1.4% quarter-over-quarter, while deposits in foreign currency increased by 11.6% [16][17] Company Strategy and Development Direction - The company aims to consolidate its growth strategy and gain market share, targeting loan growth of 25% to 30% for 2026 [25][26] - BBVA Argentina is focusing on expanding financing for small and medium-sized enterprises, supported by a $150 million credit line from the International Finance Corporation [4][5] - The bank is committed to maintaining lower delinquency ratios and improving credit risk management [5][12] Management's Comments on Operating Environment and Future Outlook - Management indicated that the first quarter of 2026 may be challenging, but expects credit indicators to improve thereafter [25] - The bank anticipates achieving a better profitability than in 2025, with a target ROE in the low to mid-teens for 2026 [28][29] - The management emphasized the importance of stable and lower interest rates for consumer loan recovery [104] Other Important Information - The bank's capital ratio reached 18.3%, with a focus on maintaining a lower payout ratio to support growth [17][55] - The liquidity ratio was reported at 44.2%, indicating a strong liquidity position [18] Q&A Session Summary Question: Asset quality and loan growth outlook for 2026 - Management believes the first quarter will be tough, but expects NPLs to peak and improve thereafter, with a loan growth target of 25% to 30% for 2026 [25][26] Question: Profitability expectations for 2026 - Management is confident in achieving a better profitability than 2025, aiming for a low to mid-teens ROE [28][29] Question: Deposit growth strategy - The bank has been growing deposits faster than the system, focusing on retail and SME deposits, and expects to continue gaining market share [34][37] Question: Dividend payment structure - Management is uncertain about the dividend payment structure for 2025 but aims to maintain a lower payout ratio to support growth [55][56] Question: Cost of personnel and administrative expenses - Management expects to continue improving efficiency and reducing expenses in 2026, targeting an efficiency ratio of around 46% [79]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for 2025 was ARS 267.4 billion, a decrease of 43.2% compared to 2024, resulting in a cumulative ROE of 7.3% and a cumulative ROA of 1.1% [5][6] - The bank's net interest income decreased by 29.4% year-over-year due to lower interest rates and inflation, while net fee income increased by 36.9% [6][8] - The non-performing loan (NPL) ratio on private loans reached 4.18% as of December 2025, below the system average of 5.29% [4][11] Business Line Data and Key Metrics Changes - Private sector loans totaled ARS 14.8 trillion, increasing 7.6% quarter-over-quarter and 47.6% year-over-year, primarily driven by an increase in loans in pesos [10] - The bank's consolidated market share of private sector loans improved to 11.91%, up 64 basis points from 11.27% a year ago [11] - Total gross loans and other financing over deposits ratio was 88%, up from 78% in December 2024 [11] Market Data and Key Metrics Changes - Total private deposits reached ARS 16.7 trillion, increasing 3.1% quarter-over-quarter and 29.7% year-over-year, with a market share of 10.04% [13] - Private non-financial sector deposits in pesos decreased by 1.4% quarter-over-quarter, while deposits in foreign currency expressed in pesos increased by 11.6% [14][15] Company Strategy and Development Direction - BBVA Argentina aims to consolidate its growth strategy and maintain a key role in Argentina's economic recovery, focusing on small and medium-sized enterprises [3][4] - The bank plans to grow its loan portfolio by 25% to 30% in 2026, outpacing the expected 18% growth in the financial system [24][39] Management's Comments on Operating Environment and Future Outlook - Management indicated that the first quarter of 2026 may be challenging, but expects credit indicators to improve thereafter [22] - The bank is confident in achieving better profitability in 2026, targeting low to mid-teens ROE [27][28] Other Important Information - The bank's capital ratio reached 18.3%, with a 9.4% increase in Common Equity Tier 1 due to the recovery in the value of government bonds [16] - BBVA Argentina continues to pay dividends in installments, having completed 9 of 10 required payments for the 2024 fiscal year [18] Q&A Session Summary Question: Asset quality and loan growth outlook for 2026 - Management believes the first quarter will be tough, but expects NPLs to peak and credit indicators to improve thereafter, with a loan growth target of 25% to 30% for 2026 [22][24] Question: Profitability expectations for 2026 - Management maintains guidance for low to mid-teens ROE for 2026, confident in achieving better profitability than in 2025 [27][28] Question: Deposit growth strategy - The bank has been growing deposits faster than the system, focusing on retail and SME deposits, and expects to continue gaining market share [33][35] Question: Dividend payment structure for 2025 - Management is uncertain about the payment structure for dividends in 2025 but aims to maintain a lower payout ratio to support growth [55][56] Question: Inflation and tax expectations - Management expects inflation to be around 22% and GDP growth of 3% for 2026, with tax rates likely stabilizing around 35% [93][68]

BBVA Argentina March 2026 4Q25 & 2025 Earnings Conference Call BBVA Argentina Corporate Presentation p. 1 4Q25 & 2025 Profitability Indicators Net Income (AR$ billion, INFLATION ADJUSTED) +45% -43% ROA ROE 4Q25 Main Highlights – AR$ Real Terms 4Q25 Net Income NET INTEREST INCOME OPERATING EXPENSES EFFICIENCY RATIO* (%) 45.9% in 4Q25 297.3 bn LOAN LOSS ALLOWANCES 1 3 2 758.9 bn 537.5 bn +20.2% QoQ +19.6% YoY +31.3% QoQ +168.6% YoY +0.8% QoQ -9.8% YoY -1,173 bps QoQ Better NII after stabilization of interest ...

Company Overview - Banco BBVA Argentina is a leading financial institution in Argentina, providing a wide range of banking services through an extensive network of branches and digital channels [6] - The company focuses on digital innovation and customer-centric solutions to maintain its competitive position in the Argentine banking sector [6] - Key financial metrics include a revenue of $1.6 billion, net income of $178.61 million, and a dividend yield of 1% as of February 2 [4] Recent Developments - On February 2, PING Capital Management sold 269,600 shares of Banco BBVA Argentina, with an estimated transaction value of $3.87 million based on quarterly average pricing [1][2] - Following this sale, Banco BBVA Argentina accounted for 4.1% of PING Capital Management's 13F assets under management (AUM) [3] - As of January 30, the share price of Banco BBVA Argentina was $20.22, reflecting a 9.3% decline over the past year, underperforming the S&P 500's approximately 14% gain during the same period [3] Product and Service Offering - Banco BBVA Argentina offers a comprehensive suite of retail and corporate banking products, including checking and savings accounts, loans, credit cards, mortgages, insurance, and investment solutions [8] - The company serves a diverse customer base, including individual consumers, small and medium-sized enterprises, and large corporations, emphasizing both retail and institutional clients [8]

Core Insights - Fortum hosted its Investor Day 2025, welcoming both in-person and online participants to discuss the company's business insights and strategies [1][2] - The event featured presentations from key executives, including the President and CEO, CFO, and other representatives, focusing on the operating environment and business development [2] Company Overview - The Investor Day aimed to provide deeper insights into Fortum's business operations and strategic execution [2] - Key executives presented updates on the company's financial targets and progress in strategy implementation [2]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for Q3 2025 was ARS 38.1 billion, a decrease of 39.7% quarter-over-quarter, resulting in a quarterly ROE and ROA of 4.7% [8][9] - The capital ratio decreased by 170 basis points to 16.7%, primarily due to the temporary impact of sovereign debt valuation, yet remains at ample levels to support growth [7][15] - The liquidity ratio reached 44.3% of deposits, down from 48.7% in the previous quarter [16] Business Line Data and Key Metrics Changes - Total loans to the private sector grew by 6.7% in real terms, with a consolidated market share of 11.39% [6][13] - Deposits increased by 10.2% in real terms, with market share rising to 10.09% [7][14] - Non-performing loan (NPL) ratio for private loans was 3.28%, below the system average, reflecting effective credit risk management [7][13] Market Data and Key Metrics Changes - Deposit rates surged from 30% in July to peaks of 70% in September due to political uncertainty and monetary policy changes [4] - The demand for exchange rate hedging increased, leading to some dollarization of deposits [4] Company Strategy and Development Direction - The company focuses on operational efficiency through strict expense control and active pricing strategies to navigate a volatile interest rate environment [3][5] - BBVA Argentina aims to maintain growth in credit and operational efficiency while managing risks associated with high NPLs [17] Management Comments on Operating Environment and Future Outlook - Management indicated that the high interest rates have negatively impacted intermediation margins and increased provisions for loan losses, but they expect a recovery in 2026 [5][35] - The company anticipates a gradual return of retail loan demand, while commercial loans, particularly in US dollars, are expected to grow significantly [45][55] Other Important Information - The bank's total operating expenses decreased by 3.4% quarter-over-quarter, attributed to proactive efficiency measures [10][11] - The bank continued dividend payments corresponding to the 2024 financial year, reflecting a commitment to shareholder value [17] Q&A Session Summary Question: Guidance on loan and deposit growth - Management confirmed maintaining guidance of 45%-50% real loan growth and 30%-35% deposit growth, with ROE expectations in the high single digits [22][23] Question: Loan growth authenticity amid economic stagnation - Management believes the loan growth is genuine, primarily driven by US dollar loans to companies, while personal loans have seen no growth due to high NPLs [23] Question: Impact of reserve requirements on liquidity and NIM - Management noted recent changes in reserve requirements that will improve liquidity and profitability, expecting NIM to stabilize and potentially increase in Q4 2025 [32][38] Question: Asset quality outlook amid rising NPLs - Management expects NPLs to rise slightly in Q4 but anticipates a decrease in 2026 as the economic environment stabilizes [34][35] Question: Optimal capital level and future capital strategy - Management aims for a capital ratio around 17% for 2025, with a comfortable minimum level slightly below 13% for future growth [46][47] Question: Risks in credit expansion post-election - Management does not foresee issues related to capital or liquidity but emphasizes caution regarding retail NPLs [54] Question: Coverage ratios and cost of risk outlook - Management is comfortable with current coverage ratios of 98%-100% for 2025, projecting improvements in 2026 [62]

Financial Data and Key Metrics Changes - BBVA Argentina's inflation-adjusted net income for Q3 2025 was ARS 38.1 billion, a decrease of 39.7% quarter over quarter, resulting in a quarterly ROE and ROA of 4.7% [8][9] - The capital ratio decreased by 170 basis points to 16.7%, primarily due to the temporary impact of sovereign debt valuation, yet remains at ample levels to support growth [7][15] Business Line Data and Key Metrics Changes - Total loans to the private sector grew by 6.7% in real terms, with a consolidated market share of 11.39% [6][13] - Deposits increased by 10.2% in real terms, with market share rising 44 basis points to 10.09% [7][14] - Non-performing loan (NPL) ratio reached 3.28%, remaining below the system average, reflecting effective credit risk management [7][13] Market Data and Key Metrics Changes - Deposit rates surged from 30% in July to peaks of 70% in September, influenced by political uncertainty and monetary policy changes [4][5] - The liquidity ratio stood at 44.3% of deposits, indicating a comfortable liquidity position despite a decrease from the previous quarter [7][16] Company Strategy and Development Direction - The company maintains a focus on operational efficiency, managing fees and controlling expenses to navigate a volatile environment marked by high interest rates [3][4] - BBVA Argentina aims to continue driving activity and operational efficiency while generating sustained value for shareholders [17] Management's Comments on Operating Environment and Future Outlook - Management noted that the high interest rates have negatively impacted intermediation margins and increased delinquency levels, but they remain optimistic about future growth [5][10] - The expectation is for a challenging Q4 2025, with potential increases in NPLs, but a recovery is anticipated in 2026 [34][35] Other Important Information - The bank's total operating expenses decreased by 3.4% quarter over quarter, reflecting proactive efficiency measures [10][11] - The bank continued dividend payments corresponding to the 2024 financial year income, demonstrating a commitment to shareholder value [17] Q&A Session Summary Question: Guidance on loan and deposit growth - Management reiterated guidance of 45%-50% real loan growth and 30%-35% deposit growth, with ROE expectations in the high single digits [22][23] Question: Genuine loan growth versus refinancing - Management believes the loan growth is genuine, primarily driven by US dollar loans to companies, with retail loans remaining flat due to high NPLs [23] Question: Daily reserve requirements and NIM evolution - Changes in reserve requirements are expected to improve liquidity and profitability, with a stable NIM anticipated moving forward [32][38] Question: Asset quality outlook - NPLs are expected to rise slightly in Q4 2025 but should stabilize and improve in 2026 [34][35] Question: Capital level stabilization - Management aims for a capital ratio around 17% for 2025, with a comfortable management level slightly below 13% [46][47] Question: Credit demand and NPL absorption - Demand for retail loans is expected to recover slowly, while commercial loans are seeing high demand, particularly in US dollars [45][50] Question: Coverage ratios and NPL outlook - Coverage ratios are currently comfortable at 98%-100%, with expectations for improvement in 2026 as NPLs stabilize [62]