Banco BBVA Argentina S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2024
November 20, 2024 at 09:22 pm
Share
Banco BBVA Argentina S.A. reported earnings results for the third quarter and nine months ended September 30, 2024. For the third quarter, the company reported net interest income was ARS 460,258 million compared to ARS 835,026 million a year ago. Net income was ARS 99,673 million compared to ARS 29,759 million a year ago. Basic earnings per share from continuing operations was ARS 162.68.
For the nine months, net interest income was ARS 2,268,473 million compared to ARS 2,284,337 million a year ago. Net income was ARS 270,384 million compared to ARS 232,478 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.