阿根廷BBVA银行报告第一季度业绩

2024-05-23 04:54

Banco BBVA Argentina press release (NYSE:BBAR): Q1 inflation adjusted net income in 1Q24 was $34.2 billion, 53.7% lower than the $73.7 billion reported on the fourth quarter of 2023 (4Q23), and 41.4% lower than the $58.3 billion reported on the first quarter of 2023 (1Q23).
In 1Q24, BBVA Argentina posted an inflation adjusted average return on assets of 1.6% and an inflation adjusted average return on equity of 6.6%.
Operating income in 1Q24 was $631.2 billion, 12.9% lower than the $724.7 billion recorded in 4Q23 and 106.6% over the $305.5 billion recorded in 1Q23.
As of 1Q24, the non-performing loan ratio reached 1.23%, with a 173.77% coverage ratio.
The accumulated efficiency ratio in 1Q24 was 65.4%, deteriorating compared to 4Q23's 58.6%, and to 1Q23's 62.4%.
As of 1Q24, BBVA Argentina reached a regulatory capital ratio of 35.6%, entailing a $1.4 trillion or 336.0% excess over minimum regulatory requirement. Tier I ratio was 35.6%.
Total liquid assets represented 91.9% of the Bank's total deposits as of 1Q24

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