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    Martín Ignacio Argento • Delta Asset Management S.A.

    Martín Ignacio Argento's questions to Banco Bbva Argentina SA (BBAR) leadership

    Martín Ignacio Argento's questions to Banco Bbva Argentina SA (BBAR) leadership • Q2 2025

    Question

    Martín Ignacio Argento of Delta Asset Management S.A. asked about the potential earnings contribution from FX trading and dollar-related transactions following the removal of FX controls, and whether it should be considered a recurring revenue source.

    Answer

    CFO Carmen Arroyo explained that the bank does not expect a significant earnings contribution from its FX position. She noted that the bank's base case assumes exchange rate stability if the government's macro plan holds, and the bank's US dollar position represents only 15-20% of its balance sheet.

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    Martín Ignacio Argento's questions to Banco Bbva Argentina SA (BBAR) leadership • Q2 2025

    Question

    Martín Ignacio Argento of Delta Asset Management S.A. asked about the potential earnings contribution from FX trading and dollar-related transactions following the removal of FX controls, questioning if it would be a material, recurring revenue source.

    Answer

    CFO Carmen Arroyo stated that the bank does not expect a significant earnings contribution from its FX position. She noted that the bank's US dollar position is not highly significant (15-20% of the balance sheet) and that their base case scenario assumes a stable evolution of the exchange rate, limiting the potential for substantial gains.

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