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BBVA(BBAR) - 2023 Q4 - Annual Report
2024-04-17 20:07
Table of Contents As filed with the Securities and Exchange Commission on April 17, 2024 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURS ...
BBVA(BBAR) - 2023 Q4 - Earnings Call Transcript
2024-03-06 18:45
Banco BBVA Argentina S.A. SPON ADS EACH REP 3 ORD SHS (NYSE:BBAR) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET Company Participants Belen Fourcade - IR Ines Lanusse - Investor Relations Officer Conference Call Participants Walter Chiarvesio - Santander Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's Fourth Quarter and Fiscal Year 2023 Results Conference Call. We would like to inform you that this event ...
BBVA(BBAR) - 2023 Q4 - Earnings Call Presentation
2024-03-06 18:44
BBVA Argentina 4Q23 & 2023 Conference Call Buenos Aires –March6, 2024 BBVA ArgentinaWebcastPresentation 1 SafeHarbourStatement Thispressreleasecontainscertainforward-lookingstatementsthatreflectthecurrentviewsand/orexpectationsofBancoBBVAArgentinaanditsmanagementwithrespecttoitsperformance,businessandfutureevents.Weusewordssuchas “believe,”“anticipate,”“plan,”“expect,”“intend,”“target,”“estimate,”“project,”“predict,”“forecast,”“guideline,”“seek,”“future,”“should”andothersimilarexpressionstoidentifyforward-l ...
BBVA(BBAR) - 2023 Q2 - Quarterly Report
2023-12-04 16:00
BBVA BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE SIX-MONTH PERIOD ENDED JUNE 30, 2023 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial Statements for the six-month period ended June 30, 2023, comparatively presented. condensed interim financial statements Supervisory Committee's Report | --- | |---------------------------------------------------------------------------------------------------------------------------| | | | Consolidated Condensed Statement ...
BBVA(BBAR) - 2023 Q3 - Earnings Call Transcript
2023-11-22 23:00
Banco BBVA Argentina S.A. (NYSE:BBAR) Q3 2023 Earnings Call Transcript November 22, 2023 10:00 AM ET Company Participants Belen Fourcade - IR Ines Lanusse - Investor Relations Officer Conference Call Participants Carlos Gomez - HSBC Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's Third Quarter 2023 Financial Year Results Conference Call. We would like to inform you that this event is being recorded and all participan ...
BBVA(BBAR) - 2023 Q3 - Earnings Call Presentation
2023-11-22 21:42
BBVA Argentina 3Q23 Conference Call Buenos Aires –November22, 2023 BBVA ArgentinaWebcastPresentation 1 SafeHarbourStatement Thispressreleasecontainscertainforward-lookingstatementsthatreflectthecurrentviewsand/orexpectationsofBancoBBVAArgentinaanditsmanagementwithrespecttoitsperformance,businessandfutureevents.Weusewordssuchas “believe,”“anticipate,”“plan,”“expect,”“intend,”“target,”“estimate,”“project,”“predict,”“forecast,”“guideline,”“seek,”“future,”“should”andothersimilarexpressionstoidentifyforward-look ...
BBVA(BBAR) - 2023 Q2 - Earnings Call Transcript
2023-08-24 18:29
Banco BBVA Argentina S.A. (NYSE:BBAR) Q2 2023 Results Conference Call August 24, 2023 11:00 AM ET Company Participants Carmen Arroyo - CFO Inés Lanusse - Investor Relations Officer Belén Fourcade - Investor Relations Conference Call Participants Carlos Gomez - HSBC Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's Second Quarter 2023 Fiscal Year Results Conference Call. We would like to inform you that this event is be ...
BBVA(BBAR) - 2023 Q1 - Quarterly Report
2023-08-08 16:00
BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2023 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial Statements for the three-month period ended March 31, 2023, comparatively presented. Consolidated Condensed Statement of Financial Position Consolidated Condensed Statement of Income Consolidated Condensed Statement of Other Comprehensive Income Consolidated Condensed Statement of Changes in Shareholders' Equity Consolidated ...
BBVA(BBAR) - 2022 Q4 - Annual Report
2023-07-18 16:00
Financial Performance - Net interest income increased to ARS 339,439,957 in 2022, up from ARS 241,237,385 in 2021, reflecting a growth of about 40.7%[11] - Net income for the year attributable to owners of the Parent rose to ARS 58,814,985 in 2022, compared to ARS 41,263,736 in 2021, marking an increase of approximately 42.5%[12] - Basic earnings per share for 2022 were ARS 95.9915, compared to ARS 67.3463 in 2021, representing an increase of approximately 42.7%[13] - Income before income tax increased to 61,857,044 from 41,067,576, representing a growth of approximately 50.9% year-over-year[24] - Total comprehensive income for 2022 was 49,078,399 thousand pesos, compared to 42,349,737 thousand pesos in 2021, reflecting an increase of about 15.5%[16] Assets and Liabilities - Total assets decreased to ARS 1,958,836,856 as of December 31, 2022, from ARS 2,006,747,334 in 2021, representing a decline of approximately 2.4%[6] - Total liabilities decreased to ARS 1,592,952,888 in 2022 from ARS 1,689,990,471 in 2021, a reduction of about 5.7%[9] - Deposits amounted to ARS 1,313,820,228 as of December 31, 2022, down from ARS 1,379,790,010 in 2021, indicating a decrease of approximately 4.8%[9] - The bank's equity attributable to owners of the Parent increased to ARS 360,480,705 in 2022, up from ARS 310,510,876 in 2021, reflecting a growth of about 16.1%[9] - Total equity as of December 31, 2022, was ARS 365,883,968, up from ARS 316,756,863 in 2021, reflecting an increase of approximately 15.5%[9] Cash Flow - Total cash flows generated by operating activities were 110,475,964, a decrease from 227,347,138, indicating a decline of about 51.5%[24] - The entity's cash and cash equivalents at fiscal year-end were 296,292,314, down from 425,320,837, a decline of approximately 30.3%[27] - The year-end cash flow loss on net monetary position was (207,642,509), compared to (179,332,543) the previous year, indicating an increase of about 15.7%[27] Investments and Financial Instruments - The total balance of debt securities at fair value through profit or loss increased significantly to $25,519,962 from $2,721,113, marking a substantial growth[108] - The Group recognized a total of $2,268,201 in assets related to derivative instruments, down from $5,486,313 in the previous year, reflecting a decrease of 58.7%[112] - The Group's total investment in finance leases was $11,316,705 with a current value of minimum payments at $6,388,015 as of December 31, 2022, compared to $8,650,914 and $5,673,027 respectively in 2021[119] Taxation - Current income tax liabilities for the year ended December 31, 2022, were $8,108,398, significantly higher than $942,536 in 2021, indicating a substantial increase in tax obligations[136] - The income tax expense recognized through profit or loss for the fiscal year ended December 31, 2022, was $(3,922,673), compared to a benefit of $155,399 in 2021, reflecting a negative shift in tax position[143] - The net deferred tax liabilities decreased to $(5,171,411) in 2022 from $(14,283,599) in 2021, showing an improvement in the overall tax liability position[141] Economic Environment - The entity's management continues to monitor the macroeconomic situation, with inflation levels reaching 94.8% year-over-year[31] - The gap between the official U.S. dollar price and alternative values reached about 97% as of the date of the financial statements[31] - The inflation rate for the fiscal years ended December 31, 2022, and 2021 was 94.79% and 50.94%, respectively[43] Strategic Initiatives - The company plans to continue focusing on market expansion and new product development as part of its strategic initiatives moving forward[23] - The Group has assessed its ability to continue as a going concern and concluded it has the resources to operate for the foreseeable future[59] Financial Reporting - The financial reporting framework adjustments impacted the restated balances at the beginning of the year, reflecting the company's commitment to compliance and transparency[18] - The consolidated financial statements were prepared in thousands of Argentine pesos, reflecting purchasing power as of December 31, 2022[39] - The Board of Directors approved the financial statements on March 6, 2023[38] Credit Quality - The allowance for expected credit losses is recognized as a write-down of the asset carrying amount in the Statement of Financial Position for financial assets measured at amortized cost[69] - The allowance for loan losses decreased to $(20,889,723) in 2022 from $(26,595,184) in 2021, indicating an improvement in credit quality[121]
BBVA(BBAR) - 2023 Q1 - Earnings Call Transcript
2023-05-24 17:03
Banco BBVA Argentina S.A. (NYSE:BBAR) Q1 2023 Results Conference Call May 24, 2023 11:00 AM ET Company Participants Carmen Morillo Arroyo - CFO Inés Lanusse - IRO Belén Fourcade - Investor Relations Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's First Quarter 2023 Fiscal Year Results Conference Call. We would like to inform you that this event is being recorded and all participants will be in listen only mode during ...