Banco BBVA Argentina S.A. (NYSE:BBAR) Q1 2022 Results Conference Call May 20, 2022 11:00 AM ET

Company Participants

Ernesto Gallardo - CFO

Ines Lanusse - IRO

Belén Fourcade - IR

Conference Call Participants

Rodrigo Nistor - AR Partners S.A.

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 First Quarter 2022 Results Conference Call. We would like to inform you that this event is being recorded and all participants will be in listen-only mode during the Company presentation. [Operator Instructions]

First of all, let me point out that some of the statements made during this call -- 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 first 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, who will be available for the 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 recent comparability, 2021 and 2022 figures have been restated to reflect the accumulated effect of the inflation adjustment for each period through March 31, 2022.

Now, let me turn the call over to Ines.

Ines Lanusse

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

The COVID-19 pandemic situation continued to improve during the first quarter of 2022, in spite of the Omicron variant that took place in January. This has allowed the continuity of the economic recovery, although within a context of great challenges with a sustained high inflation and a capped foreign exchange rate despite having settled an agreement with the IMF in March 2022.