Buenos Aires, February 18, 2020
BOLSA DE COMERCIO DE BUENOS AIRES 25 de Mayo 347 2° piso Autonomous City of Buenos Aires
Subject: Financial Statements as of December 31, 2019
Art. 62 - Regulation B.C.B.A.
Dear Sirs,
Regarding Banco BBVA Argentina S.A.'s financial statements for the period ended December 31, 2019, approved by our Board of Directors on February 18, 2020, as per Minutes No. 5259, and in compliance with the terms of applicable laws, we hereby submit the following information arising from the financial statements referred to above for the period then ended.
(Figures in thousands of Ps.) | |
1. Net Income for the Period | |
Net Income for the Period attributable to: | |
Controlling Company's Shareholders | 31,008,200 |
Non-controlling Interests | 343,216 |
Total (a) | 31,351,416 |
Other Comprehensive Income for the Period attributable to: | |
Controlling Company's Shareholders | (3,415,958) |
Non-controlling Interests | 0 |
Total (b) | (3,415,958) |
Total Comprehensive Income for the Period attributable to: | |
Controlling Company's Shareholders | 27,594,466 |
Non-controlling Interests | 340,992 |
Total (a+b) | 27,935,458 |
Banco BBVA Argentina S.A., Av. Córdoba 111 - Piso 31 (C1054AAA) Ciudad Autónoma de Buenos Aires,
CUIT Nro. 30-50000319-3, IGJ 18-09-14, N.17995, L.70, T.SA (T.O.).
2. Shareholders' Equity Breakdown | |
Capital Stock | 612,710 |
Non-capitalized Contributions | 6,744,974 |
Adjustments to Shareholders' Equity | 312,979 |
Reserves | 28,488,024 |
- Legal Reserve | 6,725,641 |
- Other Reserves | 21,762,383 |
Unappropriated Retained Earnings | 31,008,200 |
- Net Income for the Year | 31,008,200 |
Other Comprehensive Income | (3,418,709) |
Total Shareholders' Equity attributable to Controlling Company's | |
Shareholders (c) | 63,748,178 |
Total Shareholders' Equity attributable to Non-controlling | |
Interests (d) | 1,568,949 |
Total Shareholders' Equity (c+d) | 65,317,127 |
In connection with paragraphs n) 1) and 2), Section 62 of the Listing Regulations of the Buenos Aires Stock Exchange, this is to give notice that the Board of Directors has resolved to submit the following proposals to the next General Ordinary and Extraordinary Shareholders' Meeting:
- Partial reversal of voluntary reserve for future distributions of earnings to allocate an amount of $ 2,500,000,000 to the payment of cash dividends, subject to the Argentine Central Bank´s previous consent; and
-
Consideration of net income for Fiscal Year No. 145, ended December 31, 2019. Allocation of Unappropriated Retained Earnings as of December 31, 2019, in the amount of $ 31,008,199,765.84. It is proposed to allocate: a) $ 6,201,639,953.17 to Legal Reserve; and b) $ 24,806,559,812.67 to voluntary reserve for future distribution of earnings, pursuant to the Argentine Central Bank's
Restated Earnings Distribution Regulations.
Banco BBVA Argentina S.A., Av. Córdoba 111 - Piso 31 (C1054AAA) Ciudad Autónoma de Buenos Aires,
CUIT Nro. 30-50000319-3, IGJ 18-09-14, N.17995, L.70, T.SA (T.O.).
On the other hand, please find below information on the number of book-entry common shares, with a face value of Ps. 1 and one voting right each, held by the Company's controlling group as of December 31, 2019.
Shares | % over total capital stock |
407,735,359 | 66.55% |
The Company does not have share-convertible debt securities and/or stock options.
The Company's controlling shareholder is Banco Bilbao Vizcaya Argentaria S.A., a company with domicile established at Plaza de San Nicolás, Number 4, 48005 Bilbao, Spain.
Yours faithfully,
Banco BBVA Argentina S.A.
MARIA ISABEL GOIRI LARTITEGUI
President
Banco BBVA Argentina S.A., Av. Córdoba 111 - Piso 31 (C1054AAA) Ciudad Autónoma de Buenos Aires,
CUIT Nro. 30-50000319-3, IGJ 18-09-14, N.17995, L.70, T.SA (T.O.).
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Banco BBVA Argentina SA published this content on 18 February 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 February 2020 21:26:31 UTC