Economic Recovery and Inflation Moderation
Argentina experienced a process of inflation moderation throughout 2024, with prospects for reducing inflation improving each month. The forecast for 2025 is an inflation rate converging around 30% or less.
Country Risk Collapse
Country risk decreased significantly from 1,900 bps to less than 700 bps by the end of 2024.
Increase in Market Share
BBVA Argentina's consolidated market share of private sector loans improved to 11.31% from 9.35% a year ago.
Digital Channel Growth
New customer acquisition through digital channels reached 88% by the end of December 2024, up from 78% a year ago.
Asset Quality Performance
Non-performing loans (NPLs) remained low at 1.13%, with BBVA being one of the lowest in the system.
Loan Portfolio Growth
Private sector loans increased by 28.7% quarter-over-quarter and 75% year-over-year.