Banco BBVA Argentina S.A. (NYSE:BBAR) Q4 2022 Earnings Conference Call March 7, 2023 10:00 AM ET Company Participants Belén Fourcade - Investor Relations Carmen Morillo Arroyo - CFO Ines Lanusse - Investor Relations Officer Conference Call Participants Rodrigo Nistor - Latin Securities 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 2022 Fiscal Year Results Conference Call. We would like to inform you ...

BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE NINE-MONTH PERIOD ENDED SEPTEMBER 30, 2022 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial statements for the nine-month period ended September 30, 2022, 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 Consoli ...

Banco BBVA Argentina S.A. (NYSE:BBAR) Q3 2022 Earnings Conference Call November 23, 2022 10:00 AM ET Company Participants Belen Fourcade - Investor Relations Ines Lanusse - Investor Relations Officer Conference Call Participants 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 2022 Results Conference Call. We would like to inform you that this event is being recorded and all participants will be in a lis ...

BANCO BBVA ARGENTINA S.A. CONDENSED INTERIM FINANCIAL STATEMENTS FOR THE THREE-MONTH PERIOD ENDED MARCH 31, 2022 Banco BBVA Argentina S.A. TABLE OF CONTENTS Condensed Interim Financial statements for the three-month period ended March 31, 2022, 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 ...

Financial Data and Key Metrics Changes - BBVA Argentina reported a net income of ARS 15.9 billion for Q2 2022, representing a 235.8% increase quarter-over-quarter, with a quarterly ROE of 28.3% and a quarterly ROA of 4.6% [7] - Operating income for Q2 2022 was ARS 32 billion, up 10.2% from ARS 29 billion in Q1 2022, driven by greater interest income, improved net fee income, and lower operating expenses [7][8] - Net interest income for Q2 2022 was ARS 54.3 billion, increasing 18% quarter-over-quarter and 36.3% year-over-year [8] Business Line Data and Key Metrics Changes - Digital client penetration reached 62% by the end of June 2022, stable compared to the previous year, while mobile client penetration increased to 54% from 52% [6] - Retail digital sales increased from 78.6% in Q2 2021 to 82% in Q2 2022 [6] - Loan loss allowances decreased by 7.7% quarter-over-quarter, attributed to good portfolio behavior, especially in the commercial book [10] Market Data and Key Metrics Changes - Total consolidated financing to the private sector reached ARS 519.3 billion in Q2 2022, a 7.1% increase in real terms compared to Q1 2022 [12] - BBVA Argentina's consolidated market share of private sector loans increased to 8.35% from 8.21% a year ago [13] - Private non-financial sector deposits totaled ARS 959.3 billion, increasing 4.9% quarter-over-quarter but falling 2.8% year-over-year [14] Company Strategy and Development Direction - The bank is focused on digital transformation and enhancing customer acquisition through digital channels, with a commitment to financial inclusion and education [5][6] - BBVA Argentina aims to maintain a competitive position in the financial system despite macroeconomic challenges [6] Management's Comments on Operating Environment and Future Outlook - Management noted a high level of uncertainty regarding future economic policy and market volatility, particularly in the FX market [5] - There is an expectation of loan growth above inflation for the remainder of 2022, driven by increased activity in both commercial and retail sectors [20][22] Other Important Information - The bank's efficiency ratio improved to 71.3% in Q2 2022 from 72.2% in Q1 2022, although it deteriorated compared to 70.1% in Q2 2021 [11] - BBVA Argentina distributed dividends totaling ARS 8.8 billion as of the report date, with a healthy total liquid ratio of 76.9% of total deposits [16] Q&A Session Summary Question: Clarification on the positive tax line and loan demand expectations - Management explained that the positive tax line was due to updated fiscal valuations by inflation, leading to lower deferred taxes [20][21] - Loan demand is expected to grow above inflation for the remainder of 2022, with increased activity noted in the commercial sector [20][22] Question: Expectations for tax rates in the future - Management indicated that the effective tax rate for 2022 would be positive due to one-time effects, with normalization expected in the following quarters [22][24]

Banco BBVA Argentina S.A. (NYSE:BBAR) Q1 2022 Results Conference Call May 20, 2022 11:00 AM ET Company Participants Ernesto Gallardo - CFO Ines Lanusse - IRO Belén Fourcade - IR Conference Call Participants Rodrigo Nistor - AR Partners S.A. 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 First Quarter 2022 Results Conference Call. We would like to inform you that this event is being recorded and a ...

Financial Position - As of December 31, 2021, the total foreign exchange-denominated asset position was Ps.179,543 million, while the total foreign exchange-denominated liability position was Ps.181,338 million, resulting in a net liability currency position of Ps.1,795 million[712]. - Consolidated excess capital as of December 31, 2021, was Ps.84,868.9 million, compared to Ps.79,950.1 million as of December 31, 2020[713]. - Total capital under Argentine risk-based capital guidelines amounted to Ps.142,146.8 million as of December 31, 2021, with a ratio of average shareholders' equity to average total assets at 16.17%[714]. - Shareholders' equity as of December 31, 2021, was Ps.163,014.6 million, down from Ps.172,893.3 million in 2020[714]. - The average shareholders' equity as a percentage of average total assets was 16.17% in 2021, compared to 17.40% in 2020[718]. - The total liabilities to total shareholders' equity ratio was 5.32x as of December 31, 2021, compared to 5.05x in 2020[718]. - Cash and due from banks as a percentage of total deposits was 30.82% in 2021, down from 31.79% in 2020[718]. - Liquid assets as a percentage of total deposits was 32.31% in 2021, compared to 34.43% in 2020[718]. Economic Environment - The Argentine economy shrank by 9.9% in 2020 due to lockdown measures from the Covid-19 pandemic, with inflation recorded at 36.1%[737]. - The fiscal deficit for the domestic public sector was approximately Ps.1,750 billion, accounting for about 6.5% of GDP in 2020[737]. - Inflation reached 51% in 2021, with the Central Bank's currency controls and fiscal deficit continuing to pose challenges for economic recovery[743]. - The Argentine financial system is expected to stagnate, with private loans and total deposits to GDP ratios projected at approximately 8.7% and 19.6% respectively for 2022[741]. - The Central Bank's monetary policy has resulted in negative real interest rates, impacting both loans and deposits[745]. - Currency controls have created a significant gap between official and financial exchange rates, around 100% by the end of 2021[746]. Credit Ratings - BBVA Argentina's local long-term institutional rating was affirmed at "raBBB-" with a negative outlook as of April 2021[724]. - The bank's credit ratings are influenced by Argentine sovereign credit ratings, which limits access to international financial markets[720]. - BBVA Argentina's national credit ratings were affirmed at "AAA(arg)" and "A1+(arg)" for the long and short term, maintaining a stable outlook as of September 2021, attributed to comfortable liquidity and capitalization levels[726]. Governance and Management - The board of directors consists of a minimum of three and a maximum of nine directors, with members elected for a term of three years[751]. - María Isabel Goiri Lartitegui serves as the chairwoman, with her term ending in December 2023[752]. - Jorge Delfín Luna and Alfredo Castillo Triguero are vice chairmen, with their terms ending in December 2022 and 2023 respectively[752]. - The current CEO, Martín Ezequiel Zarich, has been with the bank since 1987 and was appointed in 2015[758]. - Ernesto Ramón Gallardo Jimenez, appointed in 2017, serves as the Director of Finance[758]. - Juan Christian Kindt, Director of Business Development since 2019, has extensive experience in various managerial roles within the bank[758]. - Leandro Alvarez, appointed in 2020, is the Director of Engineering & Data, focusing on technological advancements[758]. - The board meets at least once per month to ensure effective governance and oversight[751]. - The company has a diverse management team with significant experience in finance and banking sectors[758]. - The board includes independent directors as per the independence criteria set forth by regulatory authorities[753]. Compensation and Committees - The total compensation paid to all directors and officers for the fiscal year ended December 31, 2021, was Ps.778,048 million, which included Ps.251,864 million accrued during 2021 to be paid between 2022 and 2026[762]. - The Nomination and Remunerations Committee, established on March 30, 2009, consists of five members, including Gustavo Fernández and Eduardo González Correas, focusing on compensation policies and executive hiring[761]. - The Supervisory Committee is responsible for monitoring compliance with corporate law and internal regulations, with members having unlimited access to the bank's records[763][764]. - The aggregate amount of director compensation must be approved at the annual ordinary shareholders' meeting, as per Argentine legislation[762]. - The bank's corporate governance system emphasizes the distribution of functions between the Board and various committees, ensuring oversight and compliance[763]. - The Supervisory Committee members are required to maintain professional independence and disclose any relevant professional relationships with the bank[764]. - The bank's directors have extensive backgrounds in various financial and legal sectors, contributing to its governance and operational strategies[768][769]. - The compensation structure includes salaries and bonuses, reflecting the bank's commitment to aligning executive incentives with performance[762]. - The bank's governance practices are designed to enhance transparency and accountability in its operations and decision-making processes[763]. Audit and Risk Management - BBVA Argentina's Audit Committee consists of three independent members, ensuring compliance with regulatory standards[770]. - The Audit Committee meets monthly to monitor internal controls, financial statements, and risk management[771]. - The Audit Committee is responsible for evaluating internal control weaknesses identified by auditors and ensuring the integrity of documentation provided to the market[772]. - The Management Committee establishes business strategies and monitors the annual budget, meeting monthly[782]. - The Compliance Committee promotes a culture of ethics and integrity, meeting monthly to review compliance with the Code of Conduct[788]. - The Risk Management Committee includes various risk management roles and meets regularly to address risk-related issues[789]. - The Asset Laundering and Terrorism Financing Prevention Committee meets quarterly to monitor and define operational policies related to asset laundering prevention[786]. - The Nomination and Remunerations Committee advises on the nomination and compensation of directors and executive officers[780]. - The Audit Committee is tasked with reviewing external auditors' plans and assessing their performance[775]. - The Disclosure Committee ensures timely and accurate information disclosure to shareholders and regulatory entities, meeting quarterly[784]. Employee Relations - As of December 31, 2021, the total number of full-time employees was 5,863, a decrease of 2.6% from 6,019 in 2020 and 7.3% from 6,321 in 2019[798]. - The main office employed 3,863 individuals, while branches accounted for 2,000 employees, indicating a significant reduction in branch staff compared to previous years[798]. - The company has maintained satisfactory relations with its employees, with no conflicts with the national bank union for over 20 years[798]. - The bank has a personnel Training and Development Department that provides training across various areas, including Operations, Technology, and Business[799]. - The bank has not employed a significant number of temporary employees, focusing instead on full-time staff[799]. Risk Management Practices - The Risks Management Committee is tasked with approving transactions that exceed certain risk thresholds and monitoring the evolution of risk metrics[790]. - The bank's operational risk model is implemented to enhance the quality and reliability of internal controls across BBVA Argentina and its affiliates[791].