Banco BBVA Argentina S.A. SPON ADS EACH REP 3 ORD SHS (NYSE:BBAR) Q4 2023 Earnings Conference Call March 6, 2024 10:00 AM ET

Company Participants

Belen Fourcade - IR

Ines Lanusse - Investor Relations Officer

Conference Call Participants

Walter Chiarvesio - Santander

Operator

Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to BBVA Argentina's Fourth Quarter and Fiscal Year 2023 Results Conference Call. We would like to inform you that this event is being recorded, and all participants will in listen-only mode during the company's presentation. After the company's prepared remarks are completed, there will be a question-and-answer section. [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 US 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. Additionally, information concerning these factors is contained in BBVA Argentina's Annual Report on Form 20-F for the fiscal year 2022, filed with the US Securities and Exchange Commission.

Today, with us, we have Ms. Carmen Morillo Arroyo, CFO; Ms. Ines Lanusse, IRO; and Ms. Belen Fourcade, Investor Relations.

Ms. Fourcade, you may begin your conference.

Belen Fourcade

Good morning, and welcome to BBVA Argentina's fourth quarter and fiscal year 2023 results 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, our Investor Relations Officer; and Carmen Morillo Arroyo, 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 ease of comparability, 2022 and 2023 figures have been restated to reflect the accumulated effect of inflation adjustment for each period through December 31, 2023.

Now, let me turn the call over to Ines.

Ines Lanusse

Thank you, Belen, and thank you all for joining us today. 2023 ends with a new elected governing party, which has announced an adjustment plan to start correcting the strong macroeconomic distortions, which among others, include a significant reduction of fiscal deficit and a depreciation of the local currency to ease FX restrictions.