Banco BBVA Argentina SA

Latest Results (22.11.2025):

Banco BBVA Argentina SA — 2Q25: BBVA Argentina reported inflation‑adjusted consolidated net income of AR$59.6 billion for the second quarter ended June 30, 2025, down 31.1% QoQ and 62.1% YoY. The quarter showed stable net interest margins and strong commercial growth in loans and deposits, but profitability metrics (ROAA and ROAE) contracted versus 1Q25 amid higher provisioning tied to loan expansion and a macroeconomic normalization backdrop.

Net income & profitability

2Q25 net income: AR$59.6 billion (–31.1% QoQ; –62.1% YoY). 1H25 net income: AR$146.1 billion (–31.7% YoY). Quarterly annualized ROAA was 1.2% (vs. 2.0% in 1Q25) and ROAE was 7.6% (vs. 11.4% in 1Q25); 1H25 accumulated ROA 1.5% and ROE 9.6%.

Margins

Total NIM in 2Q25 was 19.1% (roughly stable vs. 19.2% in 1Q25). Local‑currency NIM remained ~21.7% while USD NIM improved to 5.4% (from 3.9% in 1Q25).

Loan growth & market share

Total consolidated financing to the private sector: AR$11.3 trillion in 2Q25, up 15.7% real QoQ and 109.6% YoY. Private loan market share reached 11.61% (+35 bps QoQ; +107 bps YoY).

Deposits & liquidity

Total consolidated deposits: AR$13.0 trillion in 2Q25, +12.0% real QoQ and +60.8% YoY. Private deposit market share was 9.64% (+49 bps QoQ; +214 bps YoY). Total liquid assets represented 48.7% of total deposits.

Credit quality & provisioning

Non‑performing loan ratio (NPL) of 2.28% with coverage of 115.5%. Loan loss allowances rose substantially (reflecting loan book growth): provisional figures cited in the release show large QoQ and YoY increases (e.g., provisioning lines highlighted in the report).

Costs & efficiency

Quarterly efficiency ratio was 56.5% in 2Q25, broadly stable versus 1Q25 (56.3%). Operating expenses were described as stable, with some improvement in personnel and administrative expenses on a 1H basis.

Capital position

Regulatory capital ratio (Tier 1) was 18.4% as of 2Q25, providing a significant buffer (about 123.9% excess) over minimum regulatory requirements.

Macroeconomic context & management view

The report highlights a disinflationary trend (YoY inflation ~39.4% as of June 30, 2025; QoQ 6.0%) and easing FX controls tied to a wide‑band floating scheme under a new IMF agreement. Management notes the macro normalization supports loan growth but has driven mixed effects on income and monetary position results.