3Q20 Factsheet
Corporate Profile
BBVA Argentina (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the main shareholder since 1996. In Argentina, it is one of the leading private financial institutions since 1886. Nationwide, BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals, SME's, and large-sized companies.
Global Strategy
BBVA's strategy is set on improving clients' financial health, having operational excellence and reaching more clients, especially via digital channels. Sustainability, and the best and most engaged team are also key pillars for the Bank.
Data and technology are the main catalyzers of innovation and operational excellence. We want to be a "data-driven bank" and deliver high quality solutions ensuring reliability and security, while decreasing cost.
Equity Ownership
BBVA Group 66.55%
*Includes 0.07% in LATIBEX
Free Float 26.45%
Balance sheet (AR$ millions) | 3Q20 | 2Q20 | 3Q19 | YoY |
Total Assets | 589,836 | 583,575 | 583,301 | 1.1% |
Total Loans and other financing | 250,920 | 261,845 | 281,088 | (10.7%) |
Total Deposits | 399,607 | 401,833 | 375,088 | 6.5% |
Total Liabilities | 483,145 | 481,358 | 489,465 | (1.3%) |
Total Equity | 106,691 | 102,217 | 93,836 | 13.7% |
P&L (AR$ millions) 3Q20 2Q20 3Q19 YoY | |
Net Interest Income 16,652 17,092 22,384 | (25.6%) |
Net Fee Income 3,005 3,347 2,247 | 33.7% |
Operating Expenses (12,487) (12,350) (16,265) | (23.2%) |
Operating Income 6,257 7,213 10,721 | (41.6%) |
Income from net monetary position (2,242) (2,459) (1,406) | 59.4% |
Net income before income tax 4,002 4,955 9,267 | (56.8%) |
Net Income 2,833 2,753 8,185 | (65.4%) |
%
%
Quarterly Annualized Ratios 3Q20 2Q20 3Q19 YoY | |
Efficiency Ratio** 49.1% 42.8% 16.4% | 3,279 bps |
ROA 1.9% 1.9% 5.8% | (383)bps |
ROE 11.0% 11.1% 38.6% | (2,758)bps |
Liquidity 66.0% 63.7% 61.7% | 432 bps |
Capital Ratio 23.3% 21.9% 19.7% | 360 bps |
NPL 1.2% 1.6% 3.2% | (208)bps |
Coverage 355.3% 269.4% 148.1% | 20,715 bps |
Cost of Risk 1.4% 4.3% 9.3% | (794)bps |
All Financial Statement figures are consolidated and inflation adjusted as of 3Q20. *total effective employees, net of temporary contract employees.
Branch network, Employees & Customer base
DIGITAL & MOBILE CUSTOMER PENETRATION
DigitalMobile
Digital Edge & Efficiency
DIGITAL SALES
RETAIL, YTD
54.5%
3Q19
Digital Sales PRV (% Sales)
Digital Sales (% Units)
Ratings
**Efficiency Ratio excluding inflation adjustments
Ordinary share price: AR$121.50
ADR price: USD 2.52
EPS: AR$ 4.6
Shares outstanding: 612.7 m
Market cap*: USD 515 m Avg. volume (total): 0.9 m
*1 ADR is equal to 3 ordinary shares
Branches
247
ATMs
883
ATSs
860
In-company branches
15
Customer service booths
2
Employees*
6,065
Total customers
+2.7 million
Retail
CIB SMEs
+2.6 m +700 +50k
65% 69% 71%
3Q20
57% 59%
3Q19
2Q20
REMOTE CHANNELS
% TRANSACTION GROWTH QoQ as of 3Q20
80.0%
74.2%
Digital
+ 22% Mobile
2Q20
3Q20
Long term rating. National for S&P Global Ratings and Fix SCR, International for Fitch Ratings
CCC | raBBB- | AAA (arg) |
Fitch Ratings | S&P | Fix SCR |
Private Loan Structure
231,566
229,302
204,674
3Q19
Public+ Financial 1%
2Q20
AR$USD
RETAIL 55%
Corporate 11%SMEs 32%
COMMERCIAL 45%
Pref &Financ. of exports 15%
Private Deposit Structure
AR$ millions
3Q20
Financial leases 1%
Discounted instr.
26%
279,409
273,341
3Q19
2Q20
3Q20
AR$USD
370,968
395,629
393,128
3Q19
64%
LOW COST FUNDING
2Q20
3Q20
Checking AccountsSavings AccountsInvestment accountsOtherTime Deposits
NPL, Coverage & Cost of Risk
10% 9% 8% 7% 6% 5% 4% 3% 2% 1% 0%
9.31%
3Q19
Coverage
2Q20
400%
350%
300%
250%
200%
150%
100%
50%
0%
3Q20
NPL
Cost of Risk
All Financial Statement figures are consolidated and inflation adjusted as of 3Q20 *Market shares consolidated (PSA + Rombo + VWFS). Capital balances as of the last day of the quarter. Source BCRA.
3Q20 Market Shares*
10%
8.25%
8%
6%
6.46%
4%
2% 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020
Private loansPrivate deposits
Diversified business model
Physical Structure
Branches ATM/ATS Call center
Customer service booth POS*
In-Company banks
Digital ChannelsExclusive Partnerships
Web
Mobile
We are one team
Investor Relations Contacts
Inés Lanusse • Investor Relations Officer Javier Kelly • Investor Relations Manager Belén Fourcade • Investor Relations Analyst
Investorelations-arg@bbva.comwww.ir.bbva.com.ar
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Disclaimer
Banco BBVA Argentina SA published this content on 30 November 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 02 December 2020 13:10:04 UTC