BUENOS AIRES, Argentina, Nov. 7, 2019 /PRNewswire/ -- Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) ("BBVA Argentina" or "BBVA" or the "Bank") announced today its consolidated results for the third quarter (3Q19), ended on September 30th 2019.
3Q19 Highlights
BBVA Argentina's net income totaled $11.1 billion in 3Q19. This result was 63.8% higher than the $6.8 billion posted on the second quarter 2019 (2Q19) and 264.6% higher than the $3.0 billion posted on the third quarter 2018 (3Q18).
On 3Q19, BBVA Argentina posted an average return on assets (ROAA) of 11.0% and an average return on equity (ROAE) of 81.3%
On 3Q19 BBVA Argentina's consolidated financing to the private sector totaled $211.8 billion, increasing $27.1 billion or 14.7% compared to 2Q19, and increasing 22.5% or $38.9 billion compared to 3Q18. In the quarter, growth was mainly driven by overdrafts, documents, and credit cards, growing 83.4%, 17.2%, and 11.6%, respectively. BBVA consolidated market share was 8.13% as of 3Q19.
Total deposits decreased 3.8% in the quarter, but increased 11.0% compared to 3Q18. BBVA consolidated market share of private deposits was 7.14% as of 3Q19.
As of 3Q19, the asset quality ratio (measured as non-performing loans over total financing) reached 3.31% with a coverage ratio of 105.08%.
The accumulated efficiency ratio reached 35.6%, improving from the 47.2% ratio posted at 3Q18.
As of 3Q19, BBVA Argentina reached a consolidated capital ratio of 17.1%, implying a $26.2 billion excess (109.0%) over the minimum regulatory requirement. The Tier I ratio was 16.4%. Liquid assets represented 61.7% of the bank's deposits on 3Q19.
3Q19 Highlights
BBVA Argentina's net income totaled $11.1 billion in 3Q19. This result was 63.8% higher than the $6.8 billion posted on the second quarter 2019 (2Q19) and 264.6% higher than the $3.0 billion posted on the third quarter 2018 (3Q18).
On 3Q19, BBVA Argentina posted an average return on assets (ROAA) of 11.0% and an average return on equity (ROAE) of 81.3%
On 3Q19 BBVA Argentina's consolidated financing to the private sector totaled $211.8 billion, increasing $27.1 billion or 14.7% compared to 2Q19, and increasing 22.5% or $38.9 billion compared to 3Q18. In the quarter, growth was mainly driven by overdrafts, documents, and credit cards, growing 83.4%, 17.2%, and 11.6%, respectively. BBVA consolidated market share was 8.13% as of 3Q19.
Total deposits decreased 3.8% in the quarter, but increased 11.0% compared to 3Q18. BBVA consolidated market share of private deposits was 7.14% as of 3Q19.
As of 3Q19, the asset quality ratio (measured as non-performing loans over total financing) reached 3.31% with a coverage ratio of 105.08%.
The accumulated efficiency ratio reached 35.6%, improving from the 47.2% ratio posted at 3Q18.
As of 3Q19, BBVA Argentina reached a consolidated capital ratio of 17.1%, implying a $26.2 billion excess (109.0%) over the minimum regulatory requirement. The Tier I ratio was 16.4%. Liquid assets represented 61.7% of the bank's deposits on 3Q19.