BBVA Argentina Files 6-K for June 30, 2024

TL;DR

BBVA Argentina dropped its Q2 2024 numbers on a 6-K filing.

AI Summary

Banco BBVA Argentina S.A. filed a Form 6-K on August 21, 2024, reporting its financial information as of June 30, 2024. The filing is a report of a foreign issuer and indicates the company files annual reports under Form 20-F.

Why It Matters

This filing provides investors with updated financial information for Banco BBVA Argentina, crucial for assessing the bank's performance and financial health.

Risk Assessment

Risk Level: low — This is a routine financial filing (6-K) and does not contain significant new information that would inherently increase risk.

Key Players & Entities

• Banco BBVA Argentina S.A. (company) — Registrant
• BBVA BANCO FRANCES SA (company) — Former company name
• FRENCH BANK OF THE RIO DE LA PLATA (company) — Former company name
• August 21, 2024 (date) — Filing date
• June 30, 2024 (date) — Reporting period end date

FAQ

Key Financial Figures

• $112.9 b — flation adjusted net income in 2Q24 was $112.9 billion, 178.8% above the $40.5 billion r
• $40.5 billion — 24 was $112.9 billion, 178.8% above the $40.5 billion reported on the first quarter of 2024 (
• $112.803 billion — of 2024 (1Q24), and 0.1% above than the $112.803 billion reported on the second quarter of 2023
• $153.4 b — come for the first 6 months of 2024 was $153.4 billion, 15.7% lower than the accumulated
• $181.9 billion — ower than the accumulated net result of $181.9 billion in the first 6 months of 2023. In 2Q2
• $446.7 b — f 13.3%. Operating income in 2Q24 was $446.7 billion, 40.3% lower than the $748.4 bill
• $748.4 billion — as $446.7 billion, 40.3% lower than the $748.4 billion recorded in 1Q24 and 4.1% lower than th
• $465.7 billion — ecorded in 1Q24 and 4.1% lower than the $465.7 billion recorded in 2Q23. In the first six mont
• $1.20 — 4, the accumulated operating income was $1.20 trillion, 44.4% above the $827.9 billio
• $827.9 billion — ome was $1.20 trillion, 44.4% above the $827.9 billion recorded in the same period of 2023.
• $3.9 — g to the private sector in 2Q24 totaled $3.9 trillion, increasing 23.1% in real term
• $5.8 — l consolidated deposits in 2Q24 totaled $5.8 trillion, increasing 2.6% in real terms
• $1.25 — ory capital ratio of 25.3%, entailing a $1.25 trillion or 210.30% excess over minimum
• $72.4 billion — as $112.9 billion, increasing 178.8% or $72.4 billion quarter-over-quarter (QoQ) and mildly i
• $86 billion — ter (QoQ) and mildly increasing 0.1% or $86 billion year-over-year (YoY). This implied a qu

Filing Documents

• bbarpr2q24_6k.htm (6-K) — 1022KB
• image_001.jpg (GRAPHIC) — 37KB
• image_002.jpg (GRAPHIC) — 45KB
• image_003.jpg (GRAPHIC) — 124KB
• image_004.jpg (GRAPHIC) — 112KB
• image_005.jpg (GRAPHIC) — 129KB
• image_006.jpg (GRAPHIC) — 109KB
• image_007.jpg (GRAPHIC) — 2KB
• 0001292814-24-003197.txt ( ) — 1792KB

Financial statements of subsidiaries

Financial statements of subsidiaries have been elaborated as of the same dates and periods as Banco BBVA Argentina S.A.’s. In the case of consolidated companies PSA and VWFS, financial statements were prepared considering the B.C.R.A. accounting framework for institutions belonging to “Group C”, considering the model established by the IFRS 9 5.5. “Impairment” section for periods starting as of January 1, 2022, excluding debt instruments from the non-financial public sector. The information published by the BBVA Group for Argentina is prepared according to IFRS, without considering the temporary exceptions established by BCRA. 3 Quarterly Results INCOME BBVA ARGENTINA CONSOLIDATED In millions of AR$ - Inflation adjusted % 2Q24 1Q24 2Q23 QoQ YoY Net Interest Income 678,565 934,028 689,204 (27.4%) (1.5%) Net Fee Income 58,799 59,881 86,982 (1.8%) (32.4%) Net income from measurement of financial instruments at fair value through P&L 30,998 33,046 27,546 (6.2%) 12.5% Net income from write-down of assets at amortized cost and at fair value through OCI 13,669 74,607 8,509 (81.7%) 60.6% Foreign exchange and gold gains 20,336 12,129 12,005 67.7% 69.4% Other operating income 28,663 33,653 27,272 (14.8%) 5.1% Loan loss allowances (41,551) (31,871) (41,229) (30.4%) (0.8%) Net operating income 789,479 1,115,473 810,289 (29.2%) (2.6%) Personnel benefits (109,656) (106,482) (107,774) (3.0%) (1.7%) Adminsitrative expenses (117,129) (122,438) (115,755) 4.3% (1.2%) Depreciation and amortization (17,939) (12,189) (12,975) (47.2%) (38.3%) Other operating expenses (98,073) (125,993) (108,092) 22.2% 9.3% Operarting expenses (342,797) (367,102) (344,596) 6.6% 0.5% Operating income 446,682 748,371 465,693 (40.3%) (4.1%) Income from associates 2,490 (3,421) 2,203 172.8% 13.0% Income from net monetary position (270,818) (676,1

View Full Filing

View this 6-K filing on SEC EDGAR