Banco BBVA Argentina (BBAR) has released an update.
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Banco BBVA Argentina S.A. has reported a substantial 178.8% quarter-over-quarter growth in inflation-adjusted net income for the second quarter of 2024, slightly surpassing the same period in the previous year. Despite a challenging economic environment marked by inflation and interest rate fluctuations, the bank has seen a real-term growth in its private loan portfolio and maintains solid liquidity and solvency indicators. The bank also highlighted strides in digitalization, with mobile transactions and digital client acquisitions on the rise, reflecting its ongoing commitment to technological advancement and customer service.
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