Banco BBVA Argentina S.A. (NYSE:BBAR) Q2 2022 Earnings Conference Call August 24, 2022 11:00 AM ET

Corporate Participants

Belén Fourcade - IR

Ines Lanusse - IRO

Conference Call Participants

Carlos Gomez - HSBC

Operator

Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina’s Second Quarter 2022 Results Conference Call. We would like to inform you that this event is being recorded and all participants will be in a listen-only mode during the company presentation. [Operator Instructions]

First of all, let me point out that some of the statements made during this conference call may be forward-looking statements within the meaning of the Safe Harbor provisions found in Section 27A of the Securities Act of 1933 under U.S. federal securities law. These forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward-looking statements. Additional information concerning these factors is contained in BBVA Argentina’s annual report on Form 20-F for the fiscal year 2021 filed with the U.S. Securities and Exchange Commission.

Today with us, we have Mr. Ernesto Gallardo, CFO; Mrs. Ines Lanusse, IRO; and Ms. Belén Fourcade, Investor Relations. Ms. Fourcade, you may begin your conference.

Belén Fourcade

Good morning, everyone and welcome to BBVA Argentina's second quarter 2022 earnings conference call. Today's webinar will be supported by a slide presentation available on our Investor Relations website on the financial information section. Speaking during today's call will be Ines Lanusse and Ernesto Gallardo, our Chief Financial Officer will be available for a Q&A session. Please note that starting January 1, 2020, as per central bank regulation, we have begun reporting results applying hyperinflation accounting pursuant to IFRS rule IAS 29.

For ease of comparability 2021 and 2022 figures have been restated to reflect the accumulated effects of inflation adjustments for each period through June 30, 2022.

Now, let me turn the call over to Ines.

Ines Lanusse

Thank you, Belén, and thank all of you for joining us today.

In less favorable global context, facing the difficulties of correcting macroeconomic distortions and meeting the established objectives in the loan agreement reached in March 2022 with International Monetary Fund, market volatility has significantly increased especially in the FX market and local currency debt markets. A high uncertainty persists about the future development of economic policy.

With COVID-19 pandemic situation under control, Argentina has been able to continue with its economic recovery, although within a context of persist great challenges with a sustained high inflation and a capped foreign exchange rate. BBVA Argentina has a corporate responsibility with society characteristic of the bank's business model, which encourages inclusion, financial education and support scientific research and culture. The bank works with the highest integrity, long-term vision and best practices and this presents through the BBVA Group in the main sustainability indexes.