Argentina · Delayed Price · Currency is ARS Banco BBVA Argentina Earnings Call Transcripts
Fiscal Year 2025
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Solid market share gains in loans and deposits were achieved despite a challenging environment, with profitability and asset quality outperforming the system. Guidance for 2026 targets 25%-30% loan growth, 15%-20% deposit growth, and low to mid-teens ROE.
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Q3 2025 saw net income fall 39.7% QoQ amid high rates and political uncertainty, but loan and deposit market shares grew, NPLs remained below average, and capital and liquidity stayed strong. Guidance for robust loan and deposit growth is maintained, with NIMs expected to recover.
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Macroeconomic stabilization and regulatory changes drove strong loan and deposit growth, with BBVA Argentina outperforming the market despite a drop in quarterly net income and rising NPLs. Guidance for 2025 remains robust, with a focus on market share and digital expansion.
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Q1 2025 saw strong net income growth, improved efficiency, and robust loan expansion, with digitalization driving customer acquisition. Guidance for loan and deposit growth was revised downward amid a restrictive monetary policy, while capital ratios remain strong.
Fiscal Year 2024
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Inflation moderation and economic recovery in Argentina supported strong real loan growth and digital expansion. Net income for 2024 was stable year-over-year, with ROE at 12.5%. Loan growth is expected to outpace the system in 2025, with profitability guided to 12%-13% ROE.
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Q3 2024 saw net income fall 21.6% quarter over quarter, but loan and deposit growth outpaced inflation, with strong digital adoption and improved asset quality. Capital and liquidity remained robust, while inflation and market rates shaped performance.
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Q2 2024 saw net income surge 178.8% quarter over quarter, driven by lower inflation and strong loan growth, despite a 40.3% drop in operating income. Asset quality and capital ratios remain robust, with digital sales and customer acquisition at record highs.