The following is a summary of the Banco BBVA Argentina S.A. (BBAR) Q3 2024 Earnings Call Transcript:

Financial Performance:

• BBVA Argentina's Q3 2024 inflation-adjusted net income was ARS99.2 billion, a 21.6% decrease from the previous quarter.

• The bank experienced a 41.3% fall in quarterly operating results mainly due to lower interest income and operational changes.

• Net interest income decreased by 39.5% QoQ, while net fee income increased by 7.9%.

• ROE was reported at 16.9% and ROA at 2.9% for the quarter.

Business Progress:

• Digital customer acquisition increased to 83% through digital channels, up from 80% in the previous year.

• Retail digital sales represent 73.7% of total sales in monetary value.

• Private sector loans grew by 26.5% in real terms, indicating a strong demand and lower market interest rates enhanced lending activities.

• The bank issued corporate bonds worth ARS24.5 billion, the first since 2019.

Opportunities:

• BBVA observes recovery signs in sectors such as industrial activity which has seen a 12% increase.

• The growth of digital sales and the increase in private sector loans provide opportunities for further market share gains.

Risks:

• The bank's financial results were impacted by lower interest income due to changes in fiscal policies and market rates.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.