BBAR - Banco BBVA Argentina reports Q4 results

2023-03-06 17:18:46 ET

• Banco BBVA Argentina press release ( NYSE: BBAR ): Q4 Operating income in 4Q22 was $61.7 billion
• BBVA Argentina's inflation adjusted net income in 4Q22 was $17.1 billion,
• Total consolidated deposits in 4Q22 totaled $1.3 trillion, increasing 5.3% in real terms during the quarter, and falling 4.8% in the year.
• As of 4Q22, the non-performing loan ratio (NPL) reached 1.13%, with a 242.23% coverage ratio.
• The accumulated efficiency ratio in 4Q22 was 63.9%, below 3Q22's 69.0%, and 4Q21's 69.1%.
• As of 4Q22, BBVA Argentina reached a regulatory capital ratio of 26.1%, entailing a $219.5 billion or 219.1% excess over minimum regulatory requirement. Tier I ratio was 25.6%.
• Total liquid assets represented 77.3% of the Bank's total deposits as of 4Q22.

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