Argentina · Delayed Price · Currency is ARS Banco BBVA Argentina Earnings Call Transcripts
Fiscal Year 2026
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Q1 2026 saw a 31.2% sequential rise in inflation-adjusted net income, with ROE at 8.3% and efficiency improving. Loan growth guidance was revised down, but capital and liquidity remain robust, and NPLs are expected to stabilize and decline by year-end.
Fiscal Year 2025
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Loan and deposit market shares rose sharply, with strong commercial loan growth and resilient asset quality despite higher provisions. 2025 net income fell 43% year-over-year, but Q4 rebounded 44% quarter-over-quarter. 2026 guidance 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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Net income and operating results rose sharply in Q1 2025, driven by higher fee and interest income and lower expenses. Loan growth guidance was revised down to 45-50% and deposit growth to 25% due to liquidity concerns, while capital and efficiency ratios improved.
Fiscal Year 2024
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Net income for 2024 was ARS 357.7 billion, with ROE at 12.5% and strong loan growth outpacing inflation. For 2025, real loan growth of 60%-65% is targeted, with profitability (ROE) expected in the 12%-13% range and inflation forecast at 30%.
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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.