BBVA Argentina reported second quarter 2026 net income of AR$ 131.6 billion, a 44.6% increase from the prior quarter and 65.2% higher year-over-year in inflation-adjusted terms. The bank demonstrated strong cost control with the quarterly efficiency ratio improving to 45.0%, down from 51.4% in the previous quarter, despite a rising cost of risk in the retail portfolio. Growth was supported by lower losses from the net monetary position and stable financial income in a declining inflation environment.
Key Highlights
- Net income reached AR$ 131.6 billion, benefiting from a 24.3% sequential reduction in net monetary position losses as local inflation slowed.
- The efficiency ratio improved 640 basis points to 45.0%, driven by lower administrative expenses and decreased turnover tax impact from lower interest rates.
- Total private-sector financing grew 2.1% quarter-over-quarter in real terms, led by a 17.4% surge in mortgage lending and 12.0% growth in discounted commercial instruments.
- The non-performing loan (NPL) ratio increased to 6.09% from 5.60% in the previous quarter, primarily due to credit card and consumer loan delinquencies.