Banco BBVA Argentina S.A. Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
March 06, 2023 at 04:19 pm
Share
Banco BBVA Argentina S.A. reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported net interest income was ARS 106,072 million compared to ARS 65,417 million a year ago. Net income was ARS 17,337 million compared to ARS 9,239 million a year ago. Basic earnings per share from continuing operations was ARS 28.3 compared to ARS 15.08 a year ago.
For the full year, net interest income was ARS 339,440 million compared to ARS 241,238 million a year ago. Net income was ARS 58,815 million compared to ARS 41,264 million a year ago.
Banco Bbva Argentina SA, formerly known as BBVA French Bank, is an Argentina-based banking institution. Through its banking platform, the Bank provides a broad range of financial and non-financial services to both individuals and companies. It manages three business lines: Retail Banking, Small and Medium-Sized Companies and Corporate and Investment Banking (C&IB). Retail Banking offers checking and savings accounts, time deposits, credit cards, loans, mortgages, insurance and investment products, among others. Small and Medium-Sized Companies targets local private-sector companies providing financing products, factoring, checking accounts, time deposits, transactional and payroll services, insurance and investment products, among others. C&IB offers financial services to corporations and multinational companies, as well as global transaction services, global markets solutions, long term financing, among others. The Bank is active locally, mostly.