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    BBAR   ARP125991090

BANCO BBVA ARGENTINA S.A.

(BBAR)
  Report
End-of-day quote Buenos Aires Stock Exchange  -  2022-10-02
325.80 ARS   +3.15%
09/27Banco BBVA Argentina S.A. Announces Executive Changes
CI
09/26Banco BBVA Argentina S.A. Announces Changes in Supervisory Committee
CI
09/20Banco BBVA Argentina S.A. Announces Dividend, Payable from October 5, 2022
CI
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BBVA-LGBTIQ+: How to approach a gender transition at work

06/28/2022 | 04:31am EDT

The pandemic proved to be the turning-point for her to take the most important step of her life.

Not without fear, Alicia Garcia began a gender transition process to 'not have to hide my identity and be able to be myself.' This was a personal journey with an impact on her work environment. Although a lot less than expected.

Listen to audio Leer en espanol

Hailing from Barcelona, Alicia took a double degree in Physics and Mathematics and achieved doctorates in both disciplines from Rutgers in New Jersey and from the University of Pennsylvania. In 2019, she joined BBVA, and shortly afterward the pandemic broke out, sheltered perhaps by the distance imposed by the lockdown, she decided to begin her gender transition. 'I realized I needed to go on a journey. A personal, intimate journey, but one that at some point I would have to make public. A journey that could be difficult, but filled me with excitement,' Alicia recalled.

After deciding to make herself visible to her own family, with the post-pandemic return to work at the office, Alicia pondered how she would tell her story at the bank. 'I started to share with a few people close to me, with my family and friends. And I sought out support in my workplace. The response was incredible,' she said. 'One day I started painting my nails, although I would hide my hands at meetings. My colleagues just thought 'that's so modern,'' she remembered. At BBVA, diversity is a value that is promoted on an ongoing basis over the year through a range of initiatives run by the Be Yourself employee group.

'I'm Alicia, I'm a trans woman and I'm a BBVA employee' - BBVA

In fact, just a year ago, the bank unveiled its handbook 'Diversidad Trans. Punto de encuentro', which provides guidance on facilitating and mainstreaming employees' gender transitions within the organization. Alice turned to Be Yourself for counseling and found a whole new family: 'Be Yourself provided me with guidance on the internal process and with the administrative matters surrounding my transition. More importantly, the group is a community of people who give one another mutual support. Both professionally and personally, you can share aspects of yourself that people outside the group might not understand in the same way.' Alicia was assigned a mentor to guide her through the most bureaucratic part of the process, and she began to gain visibility in all areas.

'The process happened at the same time as I switched jobs within the bank, and I decided to present myself as I feel I really am,' she said. Alicia is now Head of Technical Architecture in the Client Solutions Engineering area and leads a team of 15 people. Old and new colleagues alike welcomed the news more naturally than expected. 'Everyone had a kind gesture.'

A corporate culture that promotes diversity

Having come through the most emotional stretch of the journey, Alice changed her name in the internal directory, in her corporate email account and in internal documents. Not in all of them, though. 'The bank has procedures in place for a name change, but there are still government procedures and legal matters that require more time,' she said. The private sector has taken the lead in such situations, bearing out its role as a business activist and opening a discussion for legislation to seek new solutions.

'I feel freer now, and that has a direct impact on my work'

This corporate activism BBVA to chair REDI, the corporate network for LGBTQ+ diversity and inclusion that already brings together nearly 200 Spanish companies. 'We are genuinely committed to promoting diversity beyond the bank itself. This prompted us to chair REDI and reinforce our active role in favor of the LGBTQ+ collective,' confirmed Izaro Assa de Amilibia, Head of Diversity at BBVA and leader of Be Yourself. Over the past year, the bank hosted the first meeting of the financial sector on LGBTQ+ diversity, bringing together representatives from the EBA, the ECB and the leading Spanish financial groups.

BBVA lays the foundations of its corporate culture on a strong purpose and clear values and behaviors that foster diversity and inclusion. 'Driving such projects requires a mature corporate culture and team management by leaders based on trust. Alicia's experience shows that an open and inclusive culture respects the uniqueness of the individual and their talent,' explained Izaro. Alice's story shows there is a need to continue promoting diversity by listening to employees, identifying the needs of under-represented groups and taking action to remove any bias or obstacle.

Losing the fear of being yourself

Pride Week is a time to celebrate successes but also to remember that there is still a way to go. The colors of the rainbow will again light up BBVA headquarters worldwide, where the bank continues to promote LGBTQ+ employee groups. Following its success in Spain, Be Yourself continues to expand in Latin America, where it has a presence in several countries. This year it opened a branch at BBVA Peru.

The bank is working to extend this type of protocol to corporate clients and to introduce new employee measures. For example, BBVA IT, the bank's technology division, has launched a pilot project for unisex bathrooms, while BBVA Argentina is working with the Contrata Trans program to promote the labor inclusion of the trans community in the country.

Izaro and Alicia are already leading examples for all bank employees. 'I feel freer now, and that has a direct impact on my work,' said Alicia. Hiding her true identity exposed her to stress and anxiety. This meant she was unable to enjoy her work or perform to the full extent of her abilities. 'The key is that hope should always overcome your fears. I've learned that I'm not alone. The efforts of others to make the invisible visible make a mark on people's minds and whole societies. All the gears end up fitting together so that I can be myself today: Alicia, a trans woman and a professional at BBVA,' she concluded.

(C) 2022 Electronic News Publishing, source ENP Newswire

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Analyst Recommendations on BANCO BBVA ARGENTINA S.A.
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Financials
Sales 2022 277 B 1 862 M 1 862 M
Net income 2022 35 037 M 236 M 236 M
Net Debt 2022 - - -
P/E ratio 2022 -
Yield 2022 -
Capitalization 200 B 1 344 M 1 344 M
Capi. / Sales 2022 0,72x
Capi. / Sales 2023 0,53x
Nbr of Employees 5 839
Free-Float 33,9%
Chart BANCO BBVA ARGENTINA S.A.
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Banco BBVA Argentina S.A. Technical Analysis Chart | MarketScreener
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Technical analysis trends BANCO BBVA ARGENTINA S.A.
Short TermMid-TermLong Term
TrendsNeutralBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 3
Last Close Price 325,80 ARS
Average target price 527,67 ARS
Spread / Average Target 62,0%
Managers and Directors
Martín Ezequiel Zarich Chief Executive Officer
Ernesto Ramón Gallardo Jimenez Chief Financial & Planning Officer
Maria Isabel Goiri Lartitegui Chairman
Leandro Álvarez Chief Engineering & Data Officer
Gustavo Siciliano Director-System & Operations
Sector and Competitors