BBAR 6-K

FORM 6-K

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

Report of Foreign Issuer

Pursuant to Rule 13a-16 or 15d-16

of the Securities Exchange Act of 1934

For the month of March 2025

Commission File Number: 001-12568

BBVA Argentina Bank S.A.

(Translation of registrant’s name into English)

111 Córdoba Av, C1054AAA

Buenos Aires, Argentina

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F:

Form 20-F	X	Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes	No	X

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes	No	X

Indicate by check mark whether by furnishing the information contained in this Form, the Registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934:

Yes	No	X

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): N/A

Banco BBVA Argentina S.A.

TABLE OF CONTENTS

Item
1.	Banco BBVA Argentina S.A. reports consolidated fourth quarter earnings for fiscal year 2024.

BancoBBVA Argentina S.A. announces Fourth Quarter & Fiscal Year 2024 results

BuenosAires, March 5, 2025 – Banco BBVA Argentina S.A (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) (“BBVA Argentina” or “BBVA” or “the Bank”) announced today its consolidated results for the fourth quarter (4Q24), ended on December 31, 2024.

As of January 1, 2020, the Bank started to inform its inflation adjusted results pursuant to IAS 29 reporting. To facilitate comparison, figures of comparable quarters of 2023 and 2024 have been updated according to IAS 29 reporting to reflect the accumulated effect of inflation adjustment for each period up to December 31, 2024.

4Q24 & 2024 Highlights

·	BBVA<br>Argentina’s inflation adjusted net income in 4Q24 was $64.7 billion, 39.6% below the $107.2 billion reported on the third quarter<br>of 2024 (3Q24), and 38.9% lower than the $105.9 billion reported on the fourth quarter of 2023 (4Q23). Inflation adjusted accumulated<br>net income for 2024 was $357.7 billion, 0.4% lower than the accumulated net result of $359.2 billion of 2023.
·	In 4Q24, BBVA Argentina<br>posted an inflation adjusted average return on assets (ROAA) of 1.7% and an inflation adjusted average return on equity (ROAE) of 9.5%.<br>In 2024, BBVA Argentina posted an inflation adjusted ROAA of 2.5% and an inflation adjusted ROAE of 12.5%.
---	---
·	Operating income in 4Q24<br>was $164.8 billion, 48.1% lower than the $317.6 billion recorded in 3Q24 and 84.2% lower than the $1.0 trillion recorded in 4Q23. In 2024,<br>the accumulated operating income was $1.9 trillion, 25.8% below the $2.6 trillion recorded in 2023.
---	---
·	In terms<br>of activity, total consolidated financing to the private sector in 4Q24 totaled $7.6 trillion, increasing 28.7% in real terms compared<br>to 3Q24, and 75.0% compared to 4Q23. In the quarter, the variation was driven by an overall growth in all lines, especially in prefinancingand financing of exports by 81.0%, in credit cards by 25.4% and in discounted instruments by 26.0%. BBVA’s consolidated<br>market share of private sector loans reached 11.31% as of 4Q24, versus 9.85% in 4T23, gaining 146 bps in the year.
---	---
·	Total<br>consolidated deposits in 4Q24 totaled $9.9 trillion, increasing 7.8% in real terms during the quarter, and 25.3% YoY. Quarterly increase<br>was mainly explained by an increment in time deposits followed by savings accounts, by 14.3% and 3.6% respectively. The Bank’s consolidated<br>market share of private deposits reached 8.72% as of 4Q24 versus 6.79% as of 4Q23, gaining 193 bps in the year.
---	---
·	As of<br>4Q24, the non-performing loan ratio (NPL) reached 1.13%, with a 177.0% coverage ratio.
---	---
·	The accumulated efficiency<br>ratio in 4Q24 was 61.8%, deteriorating compared to 3Q24’s 59.7%, and 4Q23’s 58.6%.
---	---
·	As of 4Q24, BBVA Argentina<br>reached a regulatory capital ratio of 19.5%, entailing a $1.36 trillion or 138.5% excess over minimum regulatory requirement. Tier I ratio<br>was 19.5%.
---	---
·	Total<br>liquid assets represented 54.1% of the Bank’s total deposits as of 4Q24.
---	---

| 1 |

| --- |

Message from the CFO

“Thesignificant fiscal and monetary consolidation, together with relative exchange rate stability, have contributed to a process of inflationmoderation throughout 2024 in the country. Likewise, after a sharp contraction in the first half of the year, there are clear signs ofeconomic activity recovery, which, after an expected average drop of 1.8% by the EMAE indicator in 2024, would expand around 5.5% in2025, according to BBVA Research. The prospects for reducing inflation have been improving every month and the forecast is that it willconverge to around 30% or even less in 2025. The collapse of country risk is also remarkable, which went from 1,900 bps to less than700 bps at the end of 2024. On the other hand, one of the main factors of uncertainty is associated with the evolution of the exchangerate and the pace of removal of exchange regulations, since recently the peso has remained more appreciated than expected. The bankingsystem continues to grow at a high rate, driven by inflation control and the reforms introduced by the new government.

As of December2024, private credit in pesos of the system grew 234% year-on-year, while BBVA Argentina increased its portfolio of private loans inpesos by 263%^1^. Both the system and BBVA managed to exceed the inflation level in year-on-year growth (which reached118% YoY in December 2024). With this information, a real monthly growth that began in April 2024 for BBVA Argentina and in May for thesystem, continues to be observed. The bank's market share of total private loans in consolidated currency, rose 146 bps from 9.85% inDecember 2023 to 11.31% in December 2024, maintaining a double-digit share. BBVA Argentina, according to the latest data available fromthe BCRA as of November 2024, rose to 2nd position in the Ranking of local banks of private capital in terms of private loans at a consolidatedlevel. In the last five years, BBVA Argentina has grown its market share by 360 bps, above the growth of the peer group*^2^**.This has been done organically, maintaining the bank's commitment to focus on the financial intermediation business.*

Regardingtotal private deposits in currency, the system grew 116% while the Bank grew 177%, exceeding the inflation level in the case of BBVAArgentina. The consolidated market share of total private deposits of BBVA Argentina was 8.72%, 193 bps higher than the 6.79% of theprevious year. BBVA Argentina, according to the latest data available from the BCRA as of November 2024, remained in 3rd position inthe Ranking of local banks of private capital in terms of private deposits at a consolidated level, compared to December 2023. It isworth mentioning that the growth in deposits was directly impacted by the tax amnesty law announced in June. In the last five years,BBVA Argentina has grown its market share by 158 bps, above the growth of the peer group*^3^**.*

In an environmentof falling interest rates, which has negatively impacted banks’ margins, BBVA Argentina's result in 2024 manages to remain in realterms at levels very similar to that of 2023, which represents an ROE of 12.5%, vs. 13.0% in 2023.

On the otherhand, as of December 2024, BBVA Argentina reached an NPL ratio in private loans of 1.13%, below the latest available data from the system(December 2024) of 1.56%, reaffirming that the portfolio quality of the system and the bank are remarkably healthy.

Regardingliquidity and solvency indicators, the Bank closes the year with ratios of 54.1% and 19.5% respectively. The great dynamism of the system'scredit activity in recent months, BBVA's market share gains, in addition to the dividend distribution made in the second quarter of theyear, lead the entity to end December 2024 with a capital ratio lower than that of December 2023, still far from regulatory minimums.

On an annuallevel, I would also like to mention the strategic agreement in which BBVA Argentina and Stellantis participated in December 2024, andwhere BBVA Argentina intends to acquire 50% of FCA Compañía Financiera, an Argentine company 100% owned by Stellantis,which offers financing for retail customers and the dealer network of the Fiat, Jeep and RAM brands in the country. This acquisitionis still pending approval by the relevant authorities. This operation reinforces our long-term commitment to Argentina, and allows usto reinforce customer service in financing new cars in a market with great potential and hand in hand with Stellantis, a sector leader.

In the year,BBVA Argentina's active clients grew 3%, with a notable growth of SMEs, which grew 25% since 2023. The growth of this type of clientsupports the Bank's objective of servicing this segment.

Regardingdigitization, our service offer has evolved in such a way that at the end of December 2024, mobile monetary transactions grew 22% comparedto the same period of the previous year. In the quarter, the acquisition of new clients through digital means over traditional ones was88%, while in December 2023 it was approximately 78%.

RegardingESG, BBVA Argentina has a corporate responsibility with society, inherent to the Bank's business model, which promotes inclusion andfinancial education and supports scientific research and culture. Within the 2024 initiatives, BBVA Argentina certified as sustainableten pre-financing and financing of exports loan operations to the wine company Grupo Peñaflor for a total of 64.8 million dollars.

^1^ Source: BCRA capital balancesas of the last day of each period. Siscen information as of December 31, 2024.

^2^ Source: Informe de entidadesfinancieras, BCRA. Last information available November 2024 for peers. BBVA as of December 2024. Galicia bank only Banco Macro includesItau as of November 2024. Peer Group:SAN + GAL + BMA.

^3^ Last information availableNovember 2024 for peers. BBVA as of December 2024. Galicia bank only Banco Macro includes Itau as of November 2024. Peer Group:SAN +GAL + BMA.

| 2 |

| --- |

Finally,I would like to highlight the evolution of the BBAR stock in the market, both on the New York Stock Exchange and on the Buenos AiresStock Exchange, in a year where the country took on relevance in the international investment community. Market capitalization grew 147%in 2024, with a 24% increase in earnings per share.

BBVA Argentinacontinues to actively monitor businesses, financial conditions and operating results, with the aim of maintaining a competitive positionto face the challenges of a decisive year for Argentina”

CarmenMorillo Arroyo, CFO at BBVA Argentina

| 3 |

| --- |

Safe Harbor Statement

Thispress release contains certain forward-looking statements that reflect the current views and/or expectations of Banco BBVA Argentinaand its management with respect to its performance, business and future events. We use words such as “believe,” “anticipate,”“plan,” “expect,” “intend,” “target,” “estimate,” “project,”“predict,” “forecast,” “guideline,” “seek,” “future,” “should”and other similar expressions to identify forward-looking statements, but they are not the only way we identify such statements. Suchstatements are subject to a number of risks, uncertainties and assumptions. We caution you that a number of important factors could causeactual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in this release. Actualresults, performance or events may differ materially from those in such statements due to, without limitation, (i) changes in generaleconomic, financial, business, political, legal, social or other conditions in Argentina or elsewhere in Latin America or changes ineither developed or emerging markets, (ii) changes in regional, national and international business and economic conditions, includinginflation, (iii) changes in interest rates and the cost of deposits, which may, among other things, affect margins, (iv) unanticipatedincreases in financing or other costs or the inability to obtain additional debt or equity financing on attractive terms, which may limitour ability to fund existing operations and to finance new activities, (v) changes in government regulation, including tax and bankingregulations, (vi) changes in the policies of Argentine authorities, (vii) adverse legal or regulatory disputes or proceedings, (viii)competition in banking and financial services, (ix) changes in the financial condition, creditworthiness or solvency of the customers,debtors or counterparties of Banco BBVA Argentina, (x) increase in the allowances for loan losses, (xi) technological changes or an inabilityto implement new technologies, (xii) changes in consumer spending and saving habits, (xiii) the ability to implement our business strategyand (xiv) fluctuations in the exchange rate of the Peso. The matters discussed herein may also be affected by risks and uncertaintiesdescribed from time to time in Banco BBVA Argentina’s filings with the U.S. Securities and Exchange Commission (SEC) and ComisiónNacional de Valores (CNV). Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as the dateof this document. Banco BBVA Argentina is under no obligation and expressly disclaims any intention or obligation to update or reviseany forward-looking statements, whether as a result of new information, future events or otherwise.

Information

This earningsrelease has been prepared in accordance with the accounting framework established by the Central Bank of Argentina (“BCRA”),based on International Financial Reporting Standards (“I.F.R.S.”) and the resolutions adopted by the International AccountingStandards Board (“I.A.S.B”) and by the Federación Argentina de Consejos Profesionales de Ciencias Económicas(“F.A.C.P.E.”), and with the the exclusion of the application of the IFRS 9 impairment model for non-financial public sectordebt instruments.

The informationin this press release contains unaudited financial information that consolidates, line item by line item, all of the banking activitiesof BBVA Argentina, including: BBVA Asset Management Argentina S.A., Consolidar AFJP-undergoing liquidation proceeding, PSA Finance ArgentinaCompañía Financiera S.A. (“PSA”) and Volkswagen Financial Services Compañía Financiera S.A (“VWFS”).

BBVA Seguros ArgentinaS.A. is disclosed on a consolidated basis recorded as Investments in associates (reported under the proportional consolidation method),and the corresponding results are reported as “Income from associates”), same as Rombo Compañía FinancieraS.A. (“Rombo”), Play Digital S.A. (“MODO”), Openpay Argentina S.A. and Interbanking S.A.

Financial statementsof subsidiaries have been elaborated as of the same dates and periods as Banco BBVA Argentina S.A.’s. In the case of consolidatedcompanies PSA and VWFS, financial statements were prepared considering the B.C.R.A. accounting framework for institutions belonging to“Group C”, considering the model established by the IFRS 9 5.5. “Impairment” section for periods starting asof January 1, 2022, excluding debt instruments from the non-financial public sector.

The informationpublished by the BBVA Group for Argentina is prepared according to IFRS, without considering the temporary exceptions established byBCRA.

| 4 |

| --- |

Quarterly Results

INCOME STATEMENT
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Net Interest Income	497,206	1,079,488	(3.0%)	(55.3%)
Net Fee Income	76,849	77,518	(19.4%)	(20.1%)
Net income from measurement of financial instruments at fair value through P&L	31,692	(151,753)	21.2%	125.3%
Net income from write-down of assets at amortized cost and at fair value through OCI	59,787	64,291	25.4%	16.6%
Foreign exchange and gold gains	7,196	429,980	12.8%	(98.1%)
Other operating income	31,522	47,250	13.5%	(24.3%)
Loan loss allowances	(44,567)	(45,070)	(88.8%)	(86.7%)
Net operating income	659,685	1,501,704	(6.4%)	(58.9%)
Personnel benefits	(108,830)	(145,288)	(33.2%)	0.2%
Adminsitrative expenses	(133,237)	(111,404)	(5.7%)	(26.4%)
Depreciation and amortization	(17,871)	(16,430)	(41.3%)	(53.7%)
Other operating expenses	(82,108)	(187,801)	(72.6%)	24.5%
Operarting expenses	(342,046)	(460,923)	(32.4%)	1.8%
Operating income	317,639	1,040,781	(48.1%)	(84.2%)
Income from associates	371	125	117.8%	n.m
Income from net monetary position	(184,186)	(774,147)	16.2%	80.1%
Net income before income tax	133,824	266,759	(91.6%)	(95.8%)
Income tax	(26,648)	(160,888)	300.7%	133.2%
Net income for the period	107,176	105,871	(39.6%)	(38.9%)
Owners of the parent	107,674	107,170	(43.2%)	(42.9%)
Non-controlling interests	(498)	(1,299)	n.m	371.8%
Other comprehensive Income (OCI) (1)	(78,972)	442,936	67.0%	(105.9%)
Total comprehensive income	28,204	548,807	37.0%	(93.0%)
(1) Net of Income Tax.

All values are in US Dollars.

BBVA Argentina 4Q24 net income was $64.7 billion, decreasing 39.6% or $42.5 billion quarter-over-quarter (QoQ) and 38.9% or $41.2 billion year-over-year (YoY). This implied a quarterly ROAE of 9.5% and a quarterly ROAA of 1.7%.

The 48.1% fall in quarterly operating results was explained by a lower operating income and higher operating expenses. The decline in income was mainly due to (i) higher loan loss allowances, (ii) lower net fee income, (iii) lower net interest income as a result of a lower average monetary policy rate^4^ and (iv) lower interests generated by CPI linked bonds. On the side of expenses, personnel expenses and other operating expenses are higher, the latter due to the devaluation of investment properties.

Net Income for the period was highly impacted by income from net monetary position, although with lower impact than the prior quarter. Inflation on 4Q24 was 8.03%^5^, lower than 3Q24’s 12.1%. Consequently, the income from net monetary position line recorded a 16.2% lower loss than the previous quarter, having a positive impact in the QoQ net income comparison.

^^

^4^Monetary policy rate declined from**40% to 32% QoQ(BCRA)

^5^ Source:Instituto Nacional de Estadística y Censos (INDEC)

| 5 |

| --- |

It should be noted that the income tax line reflects a positive result, derived from a change in accounting exposure that implied a reclassification of the income tax calculation from Other Comprehensive Income (OCI) to the Income Statement.

OTHER COMPREHENSIVE INCOME
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Net income for the period	107,176	105,871	(39.6%)	(38.9%)
Other comprehensive income components to be reclassified to income/(loss) for the period
Profit or losses from financial isntruments at fair value through OCI	(79,301)	442,979	67.2%	(105.9%)
Profit or losses from financial instruments at fair value through OCI	(83,152)	734,383	127.1%	(96.9%)
Reclassification adjustment for the period	(6,493)	(66,231)	(69.9%)	83.3%
Income tax	10,344	(225,173)	(462.7%)	83.3%
Other comprehensive income coponents not to be reclassified to income/(loss) for the period
Income or loss on equity instruments at fair value through OCI	329	(43)	(101.2%)	90.7%
Resultado por instrumentos de patrimonio a VR con cambios en ORI	329	(43)	(101.2%)	90.7%
Total Other Comprehensive Income/(loss) for the period	(78,972)	442,936	67.0%	(105.9%)
Total Comprehensive Income	28,204	548,807	37.0%	(93.0%)
Attributable to owners of the Parent	28,749	548,542	24.9%	(93.5%)
Attributable to non-controlling interests	(545)	265	n.m	n.m

All values are in US Dollars.

Lastly, Total OCI in 4Q24 reported a $26.0 billion loss, 67.0% lower than the loss recorded on 3Q24, explained by the results from financial instruments at FV through OCI, especially due to the maturity and sale of CPI linked bonds. Thus, total comprehensive income for the period in 4Q24 was $38.6 billion.

| 6 |

| --- |

Income Statement – 12 month accumulated

INCOME STATEMENT - 12 MONTH ACCUMULATED
In millions of AR - Inflation adjusted
	2023	∆ %
Interest income	6,933,450	(32.3%)
Interest expense	(3,386,244)	47.9%
Net interest income	3,547,206	(17.3%)
Fee income	554,853	0.1%
Fee expenses	(252,260)	(8.1%)
Net fee income	302,593	(6.6%)
Net income from financial instruments at fair value through P&L	(52,238)	382.7%
Net loss from write-down of assets at amortized cost and fair value through OCI	88,391	173.4%
Foreign exchange and gold gains	457,541	(88.1%)
Other operating income	146,442	(2.5%)
Loan loss allowances	(166,331)	(30.9%)
Net operating income	4,323,604	(17.1%)
Personnel benefits	(540,272)	4.6%
Administrative expenses	(543,242)	(3.9%)
Depreciation and amortization	(62,449)	(27.5%)
Other operating expenses	(575,556)	13.9%
Operating expenses	(1,721,519)	3.9%
Operating income	2,602,085	(25.8%)
Income from associates and joint ventures	2,519	(98.0%)
Income from net monetary position	(1,946,903)	23.7%
Income before income tax	657,701	(32.4%)
Income tax	(298,525)	70.9%
Income for the period	359,176	(0.4%)
Owners of the parent	358,311	(1.4%)
Non-controlling interests	865	409.9%
Other comprehensive Income (OCI) (1)	430,348	(176.8%)
Total comprehensive income	789,524	(96.6%)
(1) Net of Income Tax.

All values are in US Dollars.

In 2024, BBVA Argentina net income was $357.7 billion, 0.4% lower than the $359.2 billion reported in 2023. This implied an accumulated annualized ROAE of 12.5% and a ROAA of 2.5% in 2024, compared to an accumulated annualized ROAE of 13.0% and a ROAA of 2.7% in 2023.

The 25.8% fall in real terms of the Bank’s operating income is mainly explained by (i) a fall in net interest income due to lower accrued average rates in loans, and due to lower inflation which has an impact in CPI-linked bonds, and (ii) lower income from foreign exchange and gold gains, in particular due to the position in Dual bonds by the end of 2023, which increased the position in USD denominated assets by year end. Nonetheless, improvements in operating expenses are observed, especially in personnel expenses and lower expenses due to turnover tax.

| 7 |

| --- |

These effects were compensated by better income from financial instruments at FV through P&L, and an improvement in income from write-down of assets at amortized cost and FV through OCI, as a result of the sale, exchange and maturity of bonds, mainly CPI-linked bonds.

In the year, net fee income decreased 6.6%, explained by a 0.1% increase in income and 8.1% increase in expenses. Fees performance is mainly due to (i) a lower income from collecting services and transfers, within an overall decline of the lines that are part of fees linked to liabilities, and (ii) higher expenses in foreign currency. Net fee income is also justified by the active strategy focused on client acquisition. As of December 2024, BBVA Argentina gained more than 142 thousand clients, reaching 3.7 million total active clients, which means a 3.0% growth YoY.

Additional to these factors, the net result is impacted by the income from net monetary position line, in a context of lower inflation (2024 YoY inflation was 117.8% while 2023 YoY inflation was 211,4%), as a consequence of a lower average net monetary position in 2024.

It should be noted that the income tax line reflects a lower loss due to lower operating income results, and is also affected by a change in accounting exposure that implied a reclassification of the income tax calculation from Other Comprehensive Income (OCI) to the Income Statement.

OTHER COMPREHENSIVE INCOME
In millions of AR - Inflation adjusted
	2023	∆ %
Net income for the period	359,176	(0.4%)
Other comprehensive income components to be reclassified to income/(loss) for the period
Profit or losses from financial isntruments at fair value through OCI	427,335	(177.4%)
Profit or losses from financial instruments at fair value through OCI	724,029	(152.7%)
Reclassification adjustment for the period	(75,818)	(61.7%)
Income tax	(220,876)	178.6%
Other comprehensive income coponents not to be reclassified to income/(loss) for the period	-
Income or loss on equity instruments at fair value through OCI	3,013	(95.2%)
Resultado por instrumentos de patrimonio a VR con cambios en ORI	3,013	(95.2%)
Total Other Comprehensive Income/(loss) for the period	430,348	(176.8%)
Total Comprehensive Income	789,524	(96.6%)
Attributable to owners of the Parent	787,188	(96.9%)
Attributable to non-controlling interests	2,336	25.9%

All values are in US Dollars.

Total OCI in 2024 totaled a $330.5 billion loss, mainly impacted by the loss of financial instruments at FV through OCI, especially due to the position of CPI-linked bonds by December 2023 which either reach maturity or are sold during the year. Thus, the total comprehensive income for 2024 totaled $27.2 billion.

| 8 |

| --- | | EARNINGS PER SHARE | BBVA ARGENTINA CONSOLIDATED | | | | | | --- | --- | --- | --- | --- | --- | | | | | | ∆ % | | | | 4Q24 | 3Q24 | 4Q23 | QoQ | YoY | | Financial Statement information | | | | | | | Net income for the period attributable to owners of the parent (in AR$ millions, inflation adjusted) | 61,152 | 99,673 | 49,214 | (38.6%) | 24.3% | | Total shares outstanding ^(1)^ | 613 | 613 | 613 | - | - | | Market information | | | | | | | Closing price of ordinary share at BYMA (in AR$) | 7,560.0 | 4,270.0 | 1,775.3 | 77.0% | 325.8% | | Closing price of ADS at NYSE (in USD) | 19.1 | 10.4 | 5.4 | 83.8% | 250.4% | | Book value per share (in AR$) | 4,277.61 | 3,901.35 | 2,324.33 | 9.6% | 84.0% | | Price-to-book ratio (BYMA price) (%) | 176.73 | 109.45 | 76.38 | 61.5% | 131.4% | | Earnings per share (in AR$) | 99,806 | 162,676 | 80,322 | (38.6%) | 24.3% | | Earnings per ADS**^(2)^ (in AR$)** | 299,417 | 488,027 | 240,966 | (38.6%) | 24.3% | | Market Cap (USD millions) | 3,893 | 2,118 | 1,111 | 12.1% | 146.9% | | (1) In thousands of shares. | | | | | | | (2) Each ADS accounts for 3 ordinary shares | | | | | | | Book value, Equity and Results not adjusted by inflation | | | | | |

| 9 |

| --- |

Net Interest Income

NET INTEREST INCOME
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Net Interest Income	497,206	1,079,488	(3.0%)	(55.3%)
Interest Income	821,194	1,915,523	5.0%	(55.0%)
From government securities	207,108	461,668	(13.9%)	(61.4%)
From private securities	542	2,027	26.9%	(66.1%)
Interest from loans and other financing	420,050	730,783	25.8%	(27.7%)
Financial Sector	3,890	5,817	27.5%	(14.7%)
Overdrafts	57,983	92,808	16.7%	(27.1%)
Discounted Instruments	114,419	264,126	24.3%	(46.1%)
Mortgage loans	3,823	2,368	9.3%	76.5%
Pledge loans	16,407	20,087	23.1%	0.6%
Consumer Loans	80,497	73,792	29.4%	41.1%
Credit Cards	86,878	164,013	16.2%	(38.5%)
Financial leases	2,761	5,414	10.1%	(43.8%)
Loans for the prefinancing and financing of exports	4,501	2,355	63.1%	211.7%
Other loans	48,891	100,003	50.9%	(26.2%)
Premiums on reverse REPO transactions	9,444	349,647	(92.2%)	(99.8%)
CER/UVA clause adjustment	181,708	369,898	(16.3%)	(58.9%)
Other interest income	2,342	1,500	(2.7%)	51.9%
Interest expenses	323,988	836,035	17.3%	(54.5%)
Deposits	291,471	796,698	17.4%	(57.0%)
Checking accounts*	58,584	196,391	21.4%	(63.8%)
Savings accounts	2,716	5,405	(15.9%)	(57.7%)
Time deposits	199,405	483,462	26.6%	(47.8%)
Investment accounts	30,766	111,440	(46.9%)	(85.3%)
Other liabilities from financial transactions	2,429	7,865	(63.6%)	(88.7%)
Interfinancial loans received	10,473	13,878	56.4%	18.1%
Premiums on  REPO transactions	393	4	(3.1%)	n.m
Guaranteed securities loans	2,325	-	311.8%	N/A
CER/UVA clause adjustment	16,896	17,588	(37.0%)	(39.5%)
Other interest expense	1	2	-	(50.0%)
*Includes interest-bearing checking accounts

All values are in US Dollars.

Net interest income in 4Q24 was $482.5 billion, falling 3.0% or $14.7 billion QoQ, and 55.3% or $597.0 billion YoY. In 4Q24, interest income increased less than interest expenses in monetary terms. The former increased due to a higher income from loans. Expenses increased due to higher time deposit expenses and interest-bearing checking account expenses.

In 4Q24, interest income totaled $862.6 billion, growing 5.0% compared to 3Q24 and falling 55.0% compared to 4Q23. Quarterly increase is mainly driven by higher interests from loans, offset by (i) lower income from CPI-linked bonds, in a context of lower quarterly inflation, and (ii) lower income from public securities, mainly LECAP.

Income from government securities fell 13.9% compared to 3Q24, and 61.4% compared to 4Q23. This is partially due to the rollover of the LECAP portfolio, with lower interest accrual due to lower market interest rates. 91% of these results correspond to government securities at fair value through OCI and 9% correspond to securities at amortized cost (2027 National Treasury Bonds at fixed rate, National Treasury Bonds Private 0.70 Badlar Rate maturing on November 2027, and National Treasury Bonds CER 2025, used for reserve requirement integration).

| 10 |

| --- |

Interest income from loans and other financing totaled $528.5 billion, increasing 25.8% QoQ and falling 27.7% YoY. Quarterly increase is mainly due to growth in the credit portfolio, in line with an increase in market share. Interest from loans with the greatest increase were discounted instruments, other loans, consumer loans and credit cards.

Income from CER/UVA adjustments decreased 16.3% QoQ and 58.9% YoY. Quarterly decrease is explained by the delay with which the inflation adjustment effects are recorded, and impact on the subsequent financial statements, with a quarterly inflation below the previous quarter. 82% of income from interests from CER/UVA clause adjustments is explained by interests generated by CPI linked bonds.

Interest expenses totaled $380.2 billion, denoting an increase of 17.3% QoQ and falling 54.5% YoY. Quarterly increase is described by higher time deposit expenses, followed by higher expenses in interest-bearing accounts.

Interests from time deposits (including investment accounts, excluding CER/UVA adjustments from time deposits) explain 66.4% of interest expenses, versus 71.0% the previous quarter. Time deposit expenses increased 26.6% QoQ and fall 47.8% YoY.

NIM

As of 4Q24, net interest margin (NIM) was 20.0%, below the 24.5% reported in 3Q24. In 4Q24, NIM in pesos was 22.1% and 4.1% in U.S. dollars.

In 2024, total NIM was 35.0% versus 37.3% in 2023, recording a 234 bps fall. This happened in a context of an aggressive fall in interest rates (starting 2024 with a monetary policy rate of 100% and ending in 32%). However, given that the average maturity of interest-earning assets is longer than deposits, price adjustments for expenses is faster than for income, mitigating the fall in the NIM. Additionally, USD denominated deposits had a high relative growth, diluting the expenses generated by total deposits.

Sustained credit growth in real terms since April 2024, allowed the Bank to take a more defensive stance to protect the margin from successive decreases in interest rates during the year, with longer term fixed-rate credits.

Securities portfolio management is to be noted, as the Bank has converted part of its floating-rate securities into securities of longer maturities at fixed rate, in a context of declining rates, mitigating effects on NIM.

| 11 |

| --- | | ASSETS & LIABILITIES PERFORMANCE - TOTAL | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | In millions of AR. Rates and spreads<br> in annualized % | | | | | | | | | | | | | 3Q24 | | | 4Q23 | | | | | Interest Earned/Paid | Average Real Rate | Average Balance | Interest Earned/Paid | Average Real Rate | Average Balance | Interest Earned/Paid | Average Real Rate | | Total interest-earning assets | 862,656 | 35.7% | 8,066,128 | 821,183 | 40.4% | 8,563,881 | 1,915,523 | 88.7% | | Debt securities | 305,046 | 41.1% | 3,086,609 | 369,191 | 47.5% | 4,045,054 | 1,107,836 | 108.7% | | Loans to customers/financial institutions | 557,597 | 33.7% | 4,954,127 | 451,984 | 36.2% | 4,228,351 | 807,674 | 75.8% | | Loans to the BCRA | 3 | 1.9% | 309 | 8 | 10.3% | 448 | 9 | 8.0% | | Other assets | 10 | 0.1% | 25,083 | - | 0.0% | 290,028 | 4 | 0.0% | | Total non interest-earning assets | - | 0.0% | 3,572,310 | 11 | 0.0% | 2,913,322 | - | 0.0% | | Total Assets | 862,656 | 23.7% | 11,638,438 | 821,194 | 28.0% | 11,477,203 | 1,915,523 | 66.2% | | Total interest-bearing liabilities | 380,170 | 18.6% | 5,931,651 | 323,988 | 21.7% | 5,202,112 | 836,035 | 63.8% | | Savings accounts | 2,284 | 0.2% | 2,477,748 | 2,716 | 0.4% | 2,046,022 | 5,405 | 1.0% | | Time deposits and investment accounts | 279,536 | 36.4% | 2,545,914 | 247,065 | 38.5% | 2,203,361 | 612,489 | 110.3% | | Debt securities issued | 4,673 | 35.3% | 13,528 | 1,570 | 46.0% | 22,994 | 7,404 | 127.7% | | Other liabilities | 93,677 | 29.9% | 894,461 | 72,637 | 32.2% | 929,735 | 210,737 | 89.9% | | Total non-interest-bearing liabilities | - | 0.0% | 5,706,787 | - | 0.0% | 6,275,091 | - | 0.0% | | Total liabilities and equity | 380,170 | 10.4% | 11,638,438 | 323,988 | 11.0% | 11,477,203 | 836,035 | 28.9% | | NIM - Total | | 20.0% | | | 24.5% | | | 50.0% | | Spread - Total | | 17.2% | | | 18.7% | | | 25.0% | | Nominal rates are calculated over a 365-day year | | | | | | | | | | Does not include Net income from measurement of financial instruments at fair value through P&L nor Net income from write-down of assets at amortized cost and at fair value through OCI | | | | | | | | | | Interest-bearing checking accounts included in other interest-bearing liabilities. Non interest-bearing accounts are included in non-interest-bearing liabilities. | | | | | | | | |

All values are in US Dollars.

ASSETS & LIABILITIES PERFORMANCE - AR
In millions of AR. Rates and spreads in annualized %
			3Q24			4Q23
	Interest Earned/Paid	Average Real Rate	Average Balance	Interest Earned/Paid	Average Real Rate	Average Balance	Interest Earned/Paid	Average Real Rate
Total interest-earning assets	849,597	39.8%	7,359,637	814,244	43.9%	7,750,027	1,912,052	97.9%
Debt securities	304,572	42.1%	3,003,415	368,843	48.7%	3,534,880	1,107,679	124.3%
Loans to customers/financial institutions	545,022	39.1%	4,330,863	445,404	40.8%	3,934,923	804,364	81.1%
Loans to the BCRA	3	1.9%	307	8	10.3%	446	9	8.0%
Other assets	-	0.0%	25,052	(11)	-0.2%	279,778	-	0.0%
Total non interest-earning assets	-	0.0%	1,800,491	11	0.0%	1,489,764	-	0.0%
Total Assets	849,597	31.6%	9,160,128	814,255	35.3%	9,239,791	1,912,052	82.1%
Total interest-bearing liabilities	378,629	29.7%	4,208,902	323,003	30.4%	4,041,580	835,631	82.0%
Savings accounts	2,245	0.9%	963,519	2,686	1.1%	1,050,786	5,385	2.0%
Time deposits and Investment accounts	278,990	39.2%	2,362,879	246,704	41.4%	2,044,330	612,419	118.9%
Debt securities issued	4,673	35.3%	13,528	1,570	46.0%	22,994	7,404	127.7%
Other liabilities	92,721	30.8%	868,976	72,043	32.9%	923,470	210,423	90.4%
Total non-interest-bearing liabilities	-	0.0%	4,928,938	-	0.0%	5,563,921	-	0.0%
Total liabilities and equity	378,629	14.1%	9,137,840	323,003	14.0%	9,605,501	835,631	34.5%
NIM - AR		22.1%			26.5%			55.1%
Spread - AR		10.1%			13.4%			15.9%
Nominal rates are calculated over a 365-day year
Does not include Net income from measurement of financial instruments at fair value through P&L nor Net income from write-down of assets at amortized cost and at fair value through OCI
Interest-bearing checking accounts included in other interest-bearing liabilities. Non interest-bearing accounts are included in non-interest-bearing liabilities.

All values are in US Dollars.

| 12 |

| --- | | ASSETS & LIABILITIES PERFORMANCE - FOREIGN CURRENCY | BBVA ARGENTINA CONSOLIDATED | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | In millions of AR. Rates and spreads in annualized % | | | | | | | | | | | | | 3Q24 | | | 4Q23 | | | | | Interest Earned/Paid | Average Real Rate | Average Balance | Interest Earned/Paid | Average Real Rate | Average Balance | Interest Earned/Paid | Average Real Rate | | Total interest-earning assets | 13,059 | 4.7% | 706,491 | 6,939 | 3.9% | 813,854 | 3,471 | 1.7% | | Debt securities | 474 | 2.4% | 83,194 | 348 | 1.7% | 510,174 | 157 | 0.1% | | Loans to customers/financial institutions | 12,575 | 4.8% | 623,264 | 6,580 | 4.2% | 293,428 | 3,310 | 4.5% | | Loans to the BCRA | - | 0.0% | 2 | - | 0.0% | 2 | - | 0.0% | | Other assets | 10 | 132.2% | 31 | 11 | 140.8% | 10,250 | 4 | 0.2% | | Total non interest-earning assets | - | 0.0% | 1,771,819 | - | 0.0% | 1,423,558 | - | 0.0% | | Total Assets | 13,059 | 1.4% | 2,478,310 | 6,939 | 1.1% | 2,237,412 | 3,471 | 0.6% | | Total interest-bearing liabilities | 1,541 | 0.2% | 1,722,749 | 985 | 0.2% | 1,160,532 | 404 | 0.1% | | Savings accounts | 39 | 0.0% | 1,514,229 | 30 | 0.0% | 995,236 | 20 | 0.0% | | Time deposits and Investment accounts | 546 | 0.9% | 183,035 | 361 | 0.8% | 159,031 | 70 | 0.2% | | Other liabilities | 956 | 7.8% | 25,485 | 594 | 9.2% | 6,265 | 314 | 19.9% | | Total non-interest-bearing liabilities | - | 0.0% | 777,849 | - | 0.0% | 711,170 | - | 0.0% | | Total liabilities and equity | 1,541 | 0.2% | 2,500,598 | 985 | 0.2% | 1,871,702 | 404 | 0.1% | | NIM - Foreign currency | | 4.1% | | | 3.3% | | | 1.5% | | Spread - Foreign currency | | 4.5% | | | 3.7% | | | 1.6% | | Nominal rates are calculated over a 365-day year | | | | | | | | | | Does not include Net income from measurement of financial instruments at fair value through P&L nor Net income from write-down of assets at amortized cost and at fair value through OCI | | | | | | | | | | Interest-bearing checking accounts included in other interest-bearing liabilities. Non interest-bearing accounts are included in non-interest-bearing liabilities. | | | | | | | | |

All values are in US Dollars.

ASSETS & LIABILITIES PERFORMANCE - TOTAL
In millions of AR. Rates and spreads in annualized %
			2023
	Interest Earned/Paid	Average Real Rate	Average Balance	Interest Earned/Paid	Average Real Rate
Total interest-earning assets	4,696,231	56.0%	9,509,155	6,933,450	72.9%
Debt securities	2,474,951	68.5%	4,818,917	4,179,189	86.7%
Loans to customers/financial institutions	2,221,212	46.8%	4,486,525	2,754,141	61.4%
Loans to the BCRA	23	6.8%	207	96	46.3%
Other assets	45	0.1%	203,507	24	0.0%
Total non interest-earning assets	11	0.0%	3,063,818	-	0.0%
Total Assets	4,696,242	38.7%	12,572,973	6,933,450	55.1%
Total interest-bearing liabilities	1,763,175	28.7%	6,293,629	3,386,244	53.8%
Savings accounts	18,335	0.7%	2,229,394	15,585	0.7%
Time deposits and investment accounts	1,192,707	51.6%	3,094,268	2,626,993	84.9%
Debt securities issued	12,875	54.2%	5,810	7,813	134.5%
Other liabilities	539,258	45.7%	964,157	735,852	76.3%
Total non-interest-bearing liabilities	-	0.0%	6,279,344	-	0.0%
Total liabilities and equity	1,763,175	14.5%	12,572,973	3,386,244	26.9%
NIM - Total		35.0%			37.3%
Spread - Total		27.3%			19.1%
Nominal rates are calculated over a 365-day year
Does not include Net income from measurement of financial instruments at fair value through P&L nor Net income from write-down of assets at amortized cost and at fair value through OCI
Interest-bearing checking accounts included in other interest-bearing liabilities. Non interest-bearing accounts are included in non-interest-bearing liabilities.

All values are in US Dollars.

| 13 |

| --- |

Net Fee Income

NET FEE INCOME
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Net Fee Income	76,849	77,518	(19.4%)	(20.1%)
Fee Income	143,971	154,064	(4.2%)	(10.5%)
Linked to liabilities	39,231	38,790	15.2%	16.6%
From credit cards (1)	73,233	80,768	(18.4%)	(26.0%)
Linked to loans	14,479	16,999	10.6%	(5.8%)
From insurance	5,168	4,854	(4.0%)	2.2%
From foreign trade and foreign currency transactions	6,130	6,014	0.9%	2.8%
Other fee income	307	284	(14.0%)	(7.0%)
Linked to loan commitments	179	71	(62.6%)	(5.6%)
From guarantees granted	5,244	6,284	2.3%	(14.6%)
Linked to securities	5,423	6,355	0.2%	(14.5%)
Fee expenses	67,122	76,546	13.1%	(0.9%)
(1) Includes results from Puntos BBVA royalty program pursuant to IFRS 15 regulation.

All values are in US Dollars.

Net fee income as of 4Q24 totaled $62.0 billion, decreasing 19.4% or $14.9 billion QoQ and 20.1% or $15.5 billion YoY. The decrease is explained by a decrease in income and an increase in expenses in monetary and percentage terms.

In 4Q24, fee income totaled $137.9 billion, falling 4.2% QoQ and 10.5% YoY. Lower income is mainly explained by lower credit card fees, considering a higher use of the Millas BBVA loyalty program on the side of clients, slightly offset by a better income of fees linked to liabilities, mainly due to maintenance of accounts and bundles.

On the side of fee expenses, these totaled $75.9 billion, increasing 13.1% QoQ and falling 0.9% YoY. This is explained by higher expenses on processing fees and promotions on debit and credit cards.

Net Income from Measurement of Financial Instruments at Fair Value and Foreign Exchange and Gold Gains/Losses

NET INCOME FROM FINANCIAL INSTRUMENTS AT FAIR VALUE (FV) THROUGH P&L
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Net Income from financial instruments at FV through P&L	31,692	(151,753)	21.2%	125.3%
Income from government securities	32,157	(196,413)	5.2%	117.2%
Income from private securities	81	1,846	n.m	134.1%
Interest rate swaps	175	(5)	121.7%	n.m
Income from foreign currency forward transactions	(1,861)	42,624	87.8%	(100.5%)
Income from put option long position	726	(604)	(100.0%)	100.0%
Income from corporate bonds	414	800	(81.2%)	(90.3%)
Other	-	(1)	N/A	100.0%

All values are in US Dollars.

In 4Q24, net income from financial instruments at fair value (FV) through P&L was $38.4 billion, increasing 21.2% or $6.7 billion QoQ and increasing 125.3% or $190.1 billion YoY.

| 14 |

| --- |

Quarterly results are mainly explained by an increase in the income from private securities line item, followed by income from government securities, and a lower loss from foreign currency forward transactions.

DIFFERENCES IN QUOTED PRICES OF GOLD AND FOREIGN FOREIGN CURRENCY
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Foreign exchange and gold gains/(losses) (1)	7,196	429,980	12.8%	(98.1%)
From foreign exchange position	(10,357)	406,461	6.2%	(102.4%)
Income from purchase-sale of foreign currency	17,553	23,519	1.6%	(24.2%)
Net income from financial instruments at FV through P&L (2)	(1,861)	42,624	87.8%	(100.5%)
Income from foreign currency forward transactions	(1,861)	42,624	87.8%	(100.5%)
Total differences in quoted prices of gold & foreign currency (1) + (2)	5,335	472,604	47.8%	(98.3%)

All values are in US Dollars.

In 4Q24, the total differences in quoted prices of gold and foreign currency showed profit for $7.9 billion, increasing 47.8% or $2.6 billion compared to 3Q24.

The quarterly increase in foreign exchange and gold gains is explained by a lower loss in the income from foreign currency forward transactions line*.*

Other Operating Income

OTHER OPERATING INCOME
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Operating Income	31,522	47,250	13.5%	(24.3%)
Rental of safe deposit boxes (1)	6,505	4,446	(1.9%)	43.5%
Adjustments and interest on miscellaneous receivables (1)	7,136	20,095	17.2%	(58.4%)
Punitive interest (1)	1,923	1,492	13.0%	45.6%
Loans recovered	3,151	4,999	(9.5%)	(42.9%)
Results from the sale of non-current assets held for sale	205	-	(200.0%)	N/A
Fee income from credit and debit cards (1)	2,998	2,579	40.2%	63.0%
Fee expenses recovery	1,126	1,348	18.2%	(1.3%)
Rents	1,198	1,179	24.7%	26.7%
Sindicated transaction fees	385	484	1.8%	(19.0%)
Disaffected provisions	1,471	1,159	(48.7%)	(34.9%)
Other Operating Income(2)	5,424	9,469	48.4%	(15.0%)
(1) Included in the efficiency ratio calculation
(2) Includes some of the concepts used in the efficiency ratio calculation

All values are in US Dollars.

In 4Q24 other operating income totaled $35.8 billion, increasing 13.5% or $4.3 billion QoQ, and falling 24.3% or $11.5 billion YoY. Quarterly increase is mostly explained by a 48.4% increase in other operating income, and a 17.2% increase in the Adjustments and interest on miscellaneous receivables line item, especially due to the credit card business guarantee fund, which is valuated in foreign currency. Growth is also observed in the fee income from credit and debit cards line. The last two mentioned are linked to higher consumption abroad, and responds to a seasonal factor, and macroeconomic and FX rate context.

| 15 |

| --- |

Operating Expenses

Personnel Benefits and Administrative Expenses

PERSONNEL BENEFITS & ADMINISTRATIVE EXPENSES
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Total Personnel Benefits and Adminsitrative Expenses	242,067	256,692	18.1%	11.3%
Personnel Benefits (1)	108,830	145,288	33.2%	(0.2%)
Administrative expenses (1)	133,237	111,404	5.7%	26.4%
Travel expenses	974	821	17.1%	39.0%
Outsourced administrative expenses	26,603	14,605	(16.2%)	52.6%
Security services	3,693	2,984	32.9%	64.4%
Fees to Bank Directors and Supervisory Committee	151	286	60.3%	(15.4%)
Other fees	3,693	3,006	38.5%	70.1%
Insurance	1,411	1,125	(31.1%)	(13.6%)
Rent	11,387	10,346	45.1%	59.6%
Stationery and supplies	213	231	(66.2%)	(68.8%)
Electricity and communications	5,190	4,902	(4.9%)	0.7%
Advertising	7,944	6,532	(10.8%)	8.4%
Taxes	27,716	31,551	0.3%	(11.8%)
Maintenance costs	11,619	12,223	16.5%	10.7%
Armored transportation services	12,441	11,604	7.5%	15.3%
Software	5,833	(2,214)	27.8%	436.6%
Document distribution	5,380	3,644	7.4%	58.5%
Commercial reports	3,005	2,057	12.0%	63.6%
Other administrative expenses	5,984	7,701	4.6%	(18.7%)
Headcount*
BBVA (Bank)	6,188	5,918	12	282
Subsidiaries (2)	90	91	(1)	(2)
Total employees*	6,278	6,009	11	280
In branches**	2,265	2,214	(29)	22
At Main office	4,013	3,795	40	258
Total branches***	239	243	(4)	(8)
Own	111	112	7	6
Rented	128	131	(11)	(14)
			-
Efficiency Ratio
Efficiency ratio	59.2%	46.4%	394 pbs	(2.318)pbs
Accumulated Efficiency Ratio	59.7%	58.6%	216 pbs	326 pbs
(1) Concept included in the efficiency ratio calculation
(2) Includes BBVA Asset Management, PSA & VWFS. Employees included in Main Office.
*Total effective employees, net of temporary contract employees. Expatriates excluded.
**Branch employees + Business Center managers
***Excludes administrative branches

All values are in US Dollars.

| 16 |

| --- |

During 4Q24, personnel benefits and administrative expenses totaled $285.8 billion, increasing 18.1% or $43.7 billion compared to 3Q24, and 11.3% or $29.1 billion compared to 4Q23 in real terms.

Personnel benefits increased 33.2% QoQ, and fell 0.2% YoY. In spite of wages increasing in line with inflation, provisions recorded for the “Bankers’ day” benefit, stock of vacation days and variable remuneration, were adjusted.

As of 4Q24, administrative expenses increased 5.7% QoQ, and 26.4% YoY. This is mainly explained by (i) rent, (ii) maintenance costs, and (iii) software. Rent and software are related to expenses of software licenses and services contracted with the Parent company. These expenses were offset by a fall in the line of outsourced administrative expenses, considering a lower utilization of these services.

The quarterly efficiency ratio as of 4Q24 was 68.6 %, above the 59.2% reported in 3Q24, and the 46.4% reported in 4Q23. Increase in the ratio is explained by the numerator (expenses) increasing, while the denominator (income considering monetary position results) fell, especially due to a decrease in net fee income.

The accumulated efficiency ratio as of 4Q24 was 61.8%, above the 59.7% reported in 3Q24, and the 58.6% reported in 4Q23. The increase in this ratio is due to a decrease in income, both fee and interest income.

Other Operating Expenses

OTHER OPERATING EXPENSES
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Other Operating Expenses	82,108	187,801	72.6%	(24.5%)
Turnover tax (1)	55,526	131,579	16.2%	(50.9%)
Initial loss of loans below market rate (1)	6,166	11,207	104.8%	12.7%
Contribution to the Deposit Guarantee Fund (SEDESA) (1)	2,712	2,785	24.1%	20.9%
Interest on liabilities from financial lease	1,078	1,043	(10.5%)	(7.5%)
Other allowances	6,007	25,486	100.9%	(52.6%)
Loss for sale or devaluation of investment properties and other non-financial assets	-	519	N/A	n.m
Claims	1,497	1,316	(27.6%)	(17.6%)
Other operating expenses (2)	9,122	13,866	4.1%	(31.5%)
(1) Concept included for the calculation of the efficiency ratio
(2) Considers some concepts included for the  acalculation of the efficiency ratio

All values are in US Dollars.

In 4Q24, other operating expenses totaled $141.7 billion, increasing 72.6% or $59.6 billion QoQ, and falling 24.5% or $46.0 billion YoY.

A loss was recorded in the loss for sale or devaluation of investment properties and other non-financial assets. This is followed by an increase in turnover tax, mainly due to financial income related to credit growth.

Other allowances increased 100.9%, due to the increase in credit card limits, in particular from campaigns oriented to the premium client segments.

| 17 |

| --- |

Income from Associates

This line reflects the results from non-consolidated associate companies. During 4Q24, a profit of $808 million has been reported, mainly due to the Bank’s participation in BBVA Seguros Argentina S.A., Rombo Compañía Financiera S.A., Interbanking S.A. and Play Digital S.A. and Openpay Argentina S.A.

Income Tax

Accumulated income tax during 2024 recorded a loss of $86.8 billion, while taxes for the quarter recorded a positive result for $57.5 billion. As mentioned previously, this result was affected by a change in accounting exposure that implied a reclassification of the income tax calculation from OCI to the Income Statement.

Accumulated income tax for 2023 recorded a loss of $298.5 billion.

The twelve month accumulated effective tax rate in 2024 was 20%^6^^.^ , while that of 2023 was 45%.

---

^6^ Income tax, according toIAS 34, is recorded on interim financial periods over the best estimate of the weighted average tax rate expected for the fiscal year.

| 18 |

| --- |

Balance sheet and activity

Loans and Other Financing

LOANS AND OTHER FINANCING
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
To the public sector	2,187	316	(55.9%)	205.4%
To the financial sector	46,778	35,783	28.8%	68.3%
Non-financial private sector and residents abroad	5,931,221	4,364,709	28.7%	75.0%
Non-financial private sector and residents abroad - AR	5,023,226	3,924,185	26.2%	61.5%
Overdrafts	519,614	384,358	23.7%	67.3%
Discounted instruments	1,406,095	1,009,337	26.5%	76.3%
Mortgage loans	194,327	172,914	20.5%	35.4%
Pledge loans	135,391	96,546	31.7%	84.7%
Consumer loans	629,904	330,607	29.2%	146.2%
Credit cards	1,585,952	1,484,385	25.5%	34.1%
Receivables from financial leases	20,733	27,457	17.1%	(11.6%)
Loans to personnel	31,282	22,361	41.2%	97.5%
Other loans	499,928	396,220	26.1%	59.2%
Non-financial private sector and residents abroad - Foreign Currency	907,995	440,524	42.9%	194.6%
Overdrafts	12	28	50.0%	(35.7%)
Discounted instruments	45,950	6,084	9.6%	n.m
Credit cards	51,129	45,742	20.7%	34.9%
Receivables from financial leases	572	242	142.8%	474.0%
Loans for the prefinancing and financing of exports	554,678	333,614	81.0%	200.9%
Other loans	255,654	54,814	(29.5%)	229.0%
% of total loans to Private sector in AR	84.7%	89.9%	(168)pbs	(690)pbs
% of total loans to Private sector in Foreign Currency	15.3%	10.1%	168 pbs	690 pbs
% of mortgage loans with UVA adjustments / Total mortgage loans (1)	66.8%	53.5%	2.635 pbs	3.972 pbs
% of pledge loans with UVA adjustments / Total pledge loans (1)	4.0%	1.3%	193 pbs	461 pbs
% of consumer loans with UVA adjustments / Total consumer loans (1)	0.0%	0.1%	(0)pbs	(5)pbs
% of loans with UVA adjustments / Total loans and other financing(1)	0.2%	0.0%	68 pbs	83 pbs
Total loans and other financing	5,980,186	4,400,808	28.7%	74.9%
Allowances	(111,706)	(98,911)	(42.2%)	(60.6%)
Total net loans and other financing	5,868,480	4,301,897	28.5%	75.2%
(1) Excludes effect of accrued interests adjustments.

All values are in US Dollars.

LOANS AND OTHER FINANCING TO NON-FINANCIAL PRIVATE SECTOR AND RESIDENTS ABROAD IN FOREIGN CURRENCY
In millions of			∆ %
	3Q24	4Q23	QoQ	YoY
FX rate*	970.92	808.48	6.3%	27.7%
Non-financial private sector and residents abroad - Foreign Currency ()	866	250	45.2%	402.8%
*Wholesale U.S. dollar foreign exchange rates on BCRA’s Communication “A” 3500, as of the end of period.

All values are in US Dollars.

| 19 |

| --- |

Private sector loans as of 4Q24 totaled $7.6 trillion, increasing 28.7% or $1.7 trillion QoQ, and 75.0% or $3.3 trillion YoY.

Loans to the private sector in pesos increased 26.2% in 4Q24, and 61.5% YoY. During the quarter, growth was especially driven by (i) a 25.5% increase in creditcards, followed by (ii) a 26.5% increase in discounted instruments, and (iii) a 29.2% increase in consumer loans. This is followed by a 26.1% growth in loans to personnel and 23.7% growth in overdrafts. In all cases, the increment is boosted by genuine growth in real terms of the portfolio, levered on the lower market interest rates and a greater commercial efforts.

Loans to the private sector denominated in foreign currency increased 42.9% QoQ and 194.6% YoY. Quarterly increase is mainly explained by a 81.0% growth in financing and prefinancing of exports. Loans to the private sector in foreign currency measured in U.S. dollars increased 45.2% QoQ and 402.7% YoY. The depreciation of the argentine peso versus the U.S. dollar was 6.0% QoQ and 21.7% YoY^7^.

In 4Q24, total loans and other financing totaled $7.5 trillion, increasing 28.5% QoQ and 75.2% compared to 4Q23.

LOANS AND OTHER FINANCING
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Non-financial private sector and residents abroad - Retail	2,627,985	2,152,555	26.5%	54.4%
Mortgage loans	194,327	172,914	20.5%	35.4%
Pledge loans	135,391	96,546	31.7%	84.7%
Consumer loans	629,904	330,607	29.2%	146.2%
Credit cards	1,637,081	1,530,127	25.4%	34.2%
Loans to personnel	31,282	22,361	41.2%	97.5%
Non-financial private sector and residents abroad - Commercial	3,303,236	2,212,154	30.6%	95.0%
Overdrafts	519,626	384,386	23.7%	67.3%
Discounted instruments	1,452,045	1,015,421	26.0%	80.2%
Receivables from financial leases	21,305	27,699	20.5%	(7.3%)
Loans for the prefinancing and financing of exports	554,678	333,614	81.0%	200.9%
Other loans	755,582	451,034	7.3%	79.8%
% of total loans to Retail sector	44.3%	49.3%	(79)pbs	(580)pbs
% of total loans to Commercial sector	55.7%	50.7%	79 pbs	580 pbs

All values are in US Dollars.

In real terms, retail loans (mortgage, pledge, consumer and credit cards, including loans to personnel) increased 26.5% QoQ and 54.4% YoY in real terms. During the quarter, growth is most evident in credit cards increasing 25.4% and consumer loans by 12.9%.

Commercial loans (overdrafts,discounted instruments, receivables from financial leases, loans for the prefinancing and financing of exports, and other loans) increased 30.6% QoQ and 95.0% YoY, both in real terms. In the quarter, it is noted that prefinancing and financing of exports increased 81.0% and discounted instruments increased 26.0%.

As observed in previous quarters, loan portfolios were impacted by the effect of inflation during the fourth quarter of 2024, which reached 8.0%. In nominal terms, BBVA Argentina managed to increase the retail, commercial and total loan portfolio by 36.6%, 41.0% and 39.0% respectively during the quarter, surpassing quarterly inflation levels in all cases.

^7^ Taking into considerationwholesale U.S. dollar foreign exchange rates on BCRA’s Communication “A” 3500.

| 20 |

| --- | | LOANS AND OTHER FINANCING - NON RESTATED FIGURES | | | | | | --- | --- | --- | --- | --- | | In millions of AR | | | ∆ % | | | | 3Q24 | 4Q23 | QoQ | YoY | | Non-financial private sector and residents abroad - Retail | 2,432,691 | 978,218 | 36.6% | 239.7% | | Non-financial private sector and residents abroad - Commercial | 3,057,767 | 1,026,124 | 41.0% | 320.3% | | Total loans and other financing (1) | 5,535,784 | 2,020,919 | 39.0% | 280.9% | | (1) Does not include allowances | | | | |

All values are in US Dollars.

As of 4Q24, the total gross loans and other financing over deposits ratio was 77.5%, above the 64.9% recorded in 3Q24 and above the 55.5% in 4Q23.

Participation of total loans over assets is 51%, versus 43% in 3Q24 and 32% in 4Q23, evidencing a lower exposure to the public sector, in line with the real growth of credit demand.

MARKET SHARE - PRIVATE SECTOR LOANS	BBVA ARGENTINA CONSOLIDATED
In %				∆ bps
	4Q24	3Q24	4Q23	QoQ	YoY
Private sector loans - Bank	10.26%	9.74%	9.12%	52 pbs	114 pbs
Private sector loans - Consolidated*	11.31%	10.58%	9.85%	73 pbs	146 pbs
Based on daily BCRA information. Capital balance as of the last day of each quarter.
* Consolidates PSA, VWFS & Rombo
LOANS BY ECONOMIC ACTIVITY	BBVA ARGENTINA CONSOLIDATED
---	---	---	---	---	---
% over total gross loans and other financing				∆ bps
	4Q24	3Q24	4Q23	QoQ	YoY
Government services	0.00%	0.00%	0.00%	n.m	n.m.
Non-financial public sector	0.01%	0.00%	0.01%	1 pbs	n.m.
Financial Sector	0.78%	7.39%	0.64%	(661)pbs	14 pbs
Agricultural and Livestock	5.48%	3.48%	5.52%	199 pbs	(4)pbs
Mining products	2.13%	0.49%	2.16%	163 pbs	(3)pbs
Other manufacturing	14.60%	5.30%	14.80%	930 pbs	(20)pbs
Electricity, oil,water and sanitary services	1.77%	0.56%	1.80%	122 pbs	(3)pbs
Wholesale and retail trade	8.04%	3.21%	8.14%	483 pbs	(10)pbs
Transport	1.45%	0.78%	1.47%	67 pbs	(1)pbs
Services	1.36%	0.62%	1.38%	74 pbs	(2)pbs
Others	17.27%	5.29%	17.52%	1.198 pbs	(25)pbs
Construction	0.57%	0.46%	0.58%	11 pbs	(0)pbs
Consumer	46.53%	72.42%	45.99%	(2.589)pbs	55 pbs
Total gross loans and other financing	100%	100%	100%

| 21 |

| --- |

Asset Quality

ASSET QUALITY
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Commercial non-performing portfolio (1)	3,917	6,229	(5.4%)	(40.5%)
Total commercial portfolio	2,603,778	1,970,935	40.9%	86.2%
Commercial non-performing portfolio / Total commercial portfolio	0.15%	0.32%	(5)pbs	(22)pbs
Retail non-performing portfolio (1)	69,101	53,606	24.5%	60.5%
Total retail portfolio	3,586,006	2,681,450	19.9%	60.3%
Retail non-performing portfolio / Total retail portfolio	1.93%	2.00%	7 pbs	0 pbs
Total non-performing portfolio (1)	73,018	59,835	22.9%	50.0%
Total portfolio	6,189,784	4,652,385	28.7%	71.3%
Total non-performing portfolio / Total portfolio	1.18%	1.29%	(5)pbs	(16)pbs
Allowances	111,706	98,911	42.2%	60.6%
Allowances  /Total non-performing portfolio	152.98%	165.31%	2.401 pbs	1.169 pbs
Quarterly change in Write-offs	14,648	17,841	57.5%	29.3%
Write offs / Total portfolio	0.24%	0.38%	5 pbs	(9)pbs
Cost of Risk (CoR)	3.31%	3.95%	158 pbs	93 pbs
(1) Non-performing loans include: all loans to borrowers classified as "Deficient Servicing (Stage 3)", "High Insolvency Risk (Stage 4)", "Irrecoverable" and/or "Irrecoverable for Technical Decision" (Stage 5) according to BCRA debtor classification system

All values are in US Dollars.

As of 4Q24, asset quality ratio or NPL (total non-performing portfolio / total portfolio) keeps a very good performance at 1.13%, with non-performing loans growing below the total portfolio.

Coverage ratio (allowances / total non-performing portfolio) reached 177.0% in 4Q24, from 152.98% in 3Q24. The increase is due to higher requirements in provisions as a consequence of the remarkable growth observed in the credit portfolio in the last quarter of the year, keeping a good performance within the NPL.

Cost of risk (loan loss allowances / average total loans) reached 4.88% in 4Q24 compared to 3.31% in 3Q24. In line with the coverage ratio, the increase in the loan portfolio generated higher loan loss allowances compared to the prior quarter, incrementing the cost of risk ratio.

ANALYSIS FOR THE ALLOWANCE OF LOAN LOSSES	BBVA ARGENTINA CONSOLIDATED
In millions of AR
	Stage 1	Stage 2	Stage 3	Monetary result generated by allowances	Balance at 12/31/2024
Other financial assets	(45)	-	518	(1,757)	1,806
Loans and other financing	44,817	18,051	66,537	(69,473)	158,843
Other debt securities	93	-	-	(149)	157
Eventual commitments	14,966	3,949	575	(9,716)	22,780
Total allowances	59,831	22,000	67,630	(81,095)	183,586
Note: to be consistent with Financial Statements, it must be recorded from the beginning of the year instead of the quarter

All values are in US Dollars.

Allowances for the Bank in 4Q24 reflect expected losses driven by the adoption of the IFRS 9 standards as of January 1, 2020, except for debt instruments issued by the nonfinancial government sector which were excluded from the scope of such standard.

| 22 |

| --- |

Public Sector Exposure

NET PUBLIC DEBT EXPOSURE*
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Treasury and National Government	89,558	487,644	2.5%	(81.2%)
National Treasury Public Debt in AR	88,111	-	(18.9%)	N/A
National Treasury Public Debt CPI-linked	1,286	837	n.m	n.m
National Treasury Public Debt in	161	121	(59.0%)	(45.5%)
National Treasury Public Debt  -linked	-	486,686	N/A	(100.0%)
BCRA	-	-	N/A	N/A
Public securities at FV through P&L	89,558	487,644	2.5%	(81.2%)
Treasury and National Government	207,695	220,915	(23.0%)	(27.6%)
National Treasury Public Debt in AR	15,012	32,168	(30.9%)	(67.8%)
National Treasury Public Debt CPI-linked	192,683	188,747	(22.4%)	(20.8%)
BCRA	12,534	151,938	(100.0%)	(100.0%)
LEDIV**	12,534	151,938	(100.0%)	(100.0%)
Public securities at Amortized Cost	220,229	372,853	(27.4%)	(57.1%)
Treasury and National Government	2,547,192	1,410,403	(6.3%)	69.2%
National Treasury Public Debt in AR	1,333,761	-	(12.9%)	N/A
National Treasury Public Debt CPI-linked	1,213,431	1,410,403	1.0%	(13.1%)
National Treasury Public Debt in	-	-	N/A	N/A
BCRA	38,405	138,116	(3.4%)	(73.1%)
LEFIS	-	-	N/A	N/A
LELIQS	-	131,714	N/A	(100.0%)
BOPREAL	38,405	6,402	(3.4%)	479.5%
Public securities at FV through OCI	2,585,597	1,548,519	(6.2%)	56.5%
Total Public securities	2,895,384	2,409,016	(7.6%)	11.1%
Treasury and National Government	-	-	N/A	N/A
BCRA	-	2,618,437	N/A	(100.0%)
BCRA AR	-	2,618,437	N/A	(100.0%)
BCRA	-	-	N/A	N/A
Total Repo	-	2,618,437	N/A	(100.0%)
Loans to the non-financial  public sector	2,187	316	(55.9%)	205.4%
Loans to the Central Bank	-	-	N/A	N/A
Total loans to the public sector	2,187	316	(55.9%)	205.4%
Total public sector exposure	2,897,571	5,027,769	(7.6%)	(46.8%)
Public sector exposure  (Excl. BCRA)	2,846,632	2,119,278	(7.3%)	24.6%
% Public sector exposure (Excl. BCRA) / Assets	21.0%	15.9%	(307)pbs	204 pbs
*Deposits at the Central Bank used to comply with reserve requirements not included. Includes assets used as collateral.
**Securities denominated in foreign currency

All values are in US Dollars.

4Q24 total public sector exposure (excluding BCRA) totaled $2.6 trillion, decreasing 7.3% or $220.8 trillion QoQ, and increasing 24.6% or $520.4 billion YoY. The annual increase is mainly explained by a greater increment of assets than that of the securities portfolio (in line with private credit portfolio growth).

The quarterly decrease is explained by the decline of securities in pesos, especially LECAPs. As of July 2024, the market reference rate will be that of the new instrument created by the Treasury, the LeFis (Letra Fiscal de Liquidez), which ended the quarter with no position.

As a result of the monetary policy adopted by the Treasury and the BCRA, BCRA exposure fell substantially, mainly explained by the maturity of LEDIVs and a lower position in BOPREAL.

| 23 |

| --- |

Exposure to the public sector, excluding BCRA exposure, represents 17.9% of total assets, below the 21.0% of 3Q24 and 15.9% in 4Q23, and as mentioned before, in line with real loan growth demand.

Deposits

TOTAL DEPOSITS
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Total deposits	9,214,476	7,925,054	7.8%	25.3%
Non-financial Public Sector	183,545	74,112	(34.3%)	62.7%
Financial Sector	2,839	5,603	52.4%	(22.8%)
Non-financial private sector and residents abroad	9,028,092	7,845,339	8.6%	25.0%
Non-financial private sector and residents abroad - AR	5,551,529	5,103,524	13.5%	23.5%
Checking accounts*	1,687,486	1,988,203	5.5%	(10.4%)
Savings accounts**	1,140,472	1,290,647	15.0%	1.6%
Time deposits	2,506,124	1,392,665	14.1%	105.4%
Investment accounts	181,914	396,605	67.0%	(23.4%)
Other	35,533	35,404	25.4%	25.8%
Non-financial private sector and res. abroad - Foreign Currency	3,476,563	2,741,815	0.8%	27.8%
Checking accounts*	734	1,412	(8.2%)	(52.3%)
Savings accounts**	3,270,346	2,455,211	(0.4%)	32.7%
Time deposits	194,885	262,164	20.9%	(10.1%)
Other	10,598	23,028	(3.4%)	(55.6%)
% of total portfolio in the private sector in AR	61.5%	65.1%	277 pbs	(79)pbs
% of total portfolio in the private sector in Foregin Currency	38.5%	34.9%	(277)pbs	79 pbs
% of UVA Time deposits & Investment accounts / Total AR Time deposits & Investment accounts	2.3%	1.3%	(110)pbs	(16)pbs
*Includes interest-bearing checking accounts
**Includes special checking accounts

All values are in US Dollars.

DEPOSITS TO THE NON-FINANCIAL PRIVATE SECTOR AND RES. ABROAD IN FOREIGN CURRENCY
In millions of			∆ %
	3Q24	4Q23	QoQ	YoY
FX rate*	970.9	808.5	6.3%	27.7%
Non-financial private sector and residents abroad - Foreign Currency ()	3,315	1,557	2.4%	117.9%
*Wholesale U.S. dollar foreign exchange rates on BCRA’s Communication “A” 3500, as of the end of period.

All values are in US Dollars.

As of 4Q24, total deposits reached $9.9 trillion, increasing 7.8% or $715.2 million QoQ, and 25.3% or $2.0 trillion YoY.

Private non-financial sector deposits in 4Q24 totaled $9.8 trillion, increasing 8.6% QoQ, and 25.0% YoY.

Private non-financial sector deposits in pesos totaled $6.3 trillion, increasing 13.5% compared to 3Q24, and 23.5% compared to 4Q23. The quarterly change is mainly affected by a 14.1% increase in time deposits, and 15.0% increase in savings accounts.

Private non-financial sector deposits in foreign currency expressed in pesos increased 0.8% QoQ and 27.8% YoY. This is mainly explained by a 20.9% increase in time deposits, partially offset by a 0.4% fall in savings accounts.

| 24 |

| --- | | PRIVATE DEPOSITS | | | | | | --- | --- | --- | --- | --- | | In millions of AR - Inflation adjusted | | | ∆ % | | | | 3Q24 | 4Q23 | QoQ | YoY | | Non-financial private sector and residents abroad | 9,028,092 | 7,845,339 | 8.6% | 25.0% | | Sight deposits | 6,145,169 | 5,793,905 | 4.2% | 10.5% | | Checking accounts* | 1,688,220 | 1,989,615 | 5.5% | (10.5%) | | Savings accounts** | 4,410,818 | 3,745,858 | 3.6% | 22.0% | | Other | 46,131 | 58,432 | 18.7% | (6.3%) | | Time deposits | 2,882,923 | 2,051,434 | 17.9% | 65.7% | | Time deposits | 2,701,009 | 1,654,829 | 14.6% | 87.1% | | Investment accounts | 181,914 | 396,605 | 67.0% | (23.4%) | | % of sight deposits over total private deposits | 68.7% | 74.1% | (295)pbs | (836)pbs | | % of time deposits over total private deposits | 31.3% | 25.9% | 295 pbs | 836 pbs | | *Includes interest-bearing checking accounts | | | | | | **Includes special checking accounts | | | | |

All values are in US Dollars.

As observed in previous quarters, deposits were impacted by the effect of inflation. This being said, in nominal terms, BBVA Argentina managed to increase the sight deposits, time deposits and total deposits by 12.6%, 27.4% and 17.3% respectively, surpassing the quarterly level of inflation in all cases.

PRIVATE DEPOSITS - NON RESTATED FIGURES
In millions of AR			∆ %
	3Q24	4Q23	QoQ	YoY
Sight deposits	5,688,509	2,660,650	12.6%	140.7%
Time deposits	2,668,686	942,050	27.4%	260.9%
Total deposits	8,357,195	3,602,700	17.3%	172.1%

All values are in US Dollars.

As of 4Q24, the Bank’s transactional deposits (checking accounts and savings accounts) represented 63.9% of total non-financial private deposits, totaling $6.3 trillion, versus 66.2% in 3Q24.

MARKET SHARE - PRIVATE SECTOR DEPOSITS	BBVA ARGENTINA CONSOLIDATED
In %				∆ bps
	4Q24	3Q24	4Q23	QoQ	YoY
Private sector Deposits - Consolidated*	8.72%	8.53%	6.79%	19 pbs	193 pbs
Based on daily BCRA information. Capital balance as of the last day of each quarter.

| 25 |

| --- |

Other Sources of Funds

OTHER SOURCES OF FUNDS
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Other sources of funds	2,820,701	3,190,538	4.2%	(7.9%)
Central Bank	147	238	58.5%	(2.1%)
Banks and international organizations	45,818	5,819	(4.5%)	n.m
Financing received from local financial institutions	153,892	55,330	2.0%	183.6%
Corporate bonds	38,553	27,910	200.6%	315.3%
Equity	2,582,291	3,101,241	1.5%	(15.5%)

All values are in US Dollars.

In 4Q24, other sources of funds totaled $2.9 trillion, increasing 4.2% or $117.1 billion QoQ, and increasing 7.9% or $252.8 billion YoY.

The variation in the quarter is mostly explained by a 200.6% increase in funding form corporate bonds. In 4Q24, BBVA Argentina has returned to the corporate bond market for the first time since 2019, with corporate bonds Class 29, 30 and 31, all of them in pesos and with a maturity of less than a year.

Additionally, a 1.5% increment in Equity is observed.

Liquid Assets

TOTAL LIQUID ASSETS
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Total liquid assets	6,201,813	7,231,703	(13.3%)	(25.6%)
Cash and deposits in banks	3,267,228	2,488,919	(13.6%)	13.5%
Debt securities at fair value through P&L	89,558	487,641	2.5%	(81.2%)
Government securities	89,558	487,641	2.5%	(81.2%)
Liquidity bills of B. C. R. A.	-	-	N/A	N/A
Net REPO transactions	-	2,618,427	N/A	(100.0%)
Other debt securities	2,737,896	1,630,636	(10.2%)	50.8%
Government securities	2,686,957	1,346,984	(9.9%)	79.8%
Liquidity bills of B. C. R. A.	38,405	131,714	(3.4%)	(71.8%)
Internal bills of B.C.R.A.	12,534	151,938	(100.0%)	(100.0%)
Overnight transactios in foreign banks	107,131	6,080	(98.1%)	(65.9%)
Liquid assets / Total Deposits	67.3%	91.3%	(1.316)pbs	(3.710)pbs
Liquid assets / Total Deposits	58.6%	82.6%	(1.141)pbs	(3.540)pbs
Liquid assets / Total Deposits	81.0%	107.1%	(1.468)pbs	(4.077)pbs

All values are in US Dollars.

In 4Q24, liquid assets were $5.4 trillion, decreasing 13.3% or $825.0 billion versus 3Q24, and 25.6% or $1.9 trillion compared to 4Q23. This was mainly driven by a 13.6% decline in cash and deposits in banks, a 9.9% fall in public securities and a 98.1% fall in overnight transactions in foreign banks.

In the quarter, the liquidity ratio (liquid assets / total deposits) reached 54.1%. Liquidity ratio in local and foreign currency reached 47.2% and 66.3% respectively. The decline is explained by the greater growth in total deposits than the fall in liquid assets.

| 26 |

| --- |

Solvency

MINIMUM CAPITAL REQUIREMENT
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Minimum capital requirement	826,468	733,085	18.7%	33.8%
Credit risk	585,129	483,634	23.9%	49.8%
Market risk	2,508	14,237	(0.1%)	(82.4%)
Operational risk	238,830	197,093	6.3%	28.8%
Integrated Capital - RPC (1)*	2,251,116	2,789,543	4.0%	(16.1%)
Ordinary Capital Level 1 ( COn1)	2,518,540	2,997,761	2.7%	(13.7%)
Deductible items COn1	(267,424)	(208,218)	7.9%	(18.3%)
Excess Capital	-	-
Integration excess	1,424,649	2,056,458	(4.6%)	(33.9%)
Excess as  % of minimum capital requirement	172.4%	280.5%	(3.385)pbs	(14.199)pbs
Risk-weighted assets (RWA, according to B.C.R.A. regulation) (2)	10,117,815	8,510,974	18.6%	41.0%
Regulatory Capital Ratio (1)/(2)	22.2%	32.8%	(275)pbs	(1.327)pbs
TIER I Capital Ratio (Ordinary Capital Level 1/ RWA)	22.2%	32.8%	(275)pbs	(1.327)pbs
* RPC includes 100% of quarterly results

All values are in US Dollars.

BBVA Argentina continues to show strong solvency indicators on 4Q24. Capital ratio reached 19.5%, below 3Q24’s 22.2%. Capital excess over regulatory requirement was $1.4 trillion or 138.5%.

It is important to note that the capital ratio was greatly affected by the dividend distribution in the second quarter of 2024, which was paid in three consecutive instalments, in cash or in kind, for $264.2 billion expressed in current currency as of December 31, 2023, and that pursuant to BCRA regulation, was updated to current currency as of the day of payment of each installment in particular.

The fall in the capital ratio in this quarter is partially explained by the 18.6% increase in Risk Weighted Assets (RWA), above the 2.7% increase of Ordinary Capital Level 1 (Con1). The increase in RWA is linked to the real growth in the loan portfolio, in line with the increase in market risk requirements.

| 27 |

| --- |

BBVA Argentina Asset Management S.A.

MUTUAL FUNDS ASSETS
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
FBA Renta Pesos	2,364,905	2,688,765	9.2%	(3.9%)
FBA Acciones Argentinas	86,660	44,339	43.9%	181.2%
FBA Ahorro Pesos	86,044	10,612	43.3%	n.m
FBA Renta Fija Dólar I	40,384	-	119.5%	N/A
FBA Renta Fija Plus	28,762	8,687	33.0%	340.4%
FBA Bonos Argentina	22,285	2,628	10.3%	n.m
FBA Horizonte	11,508	1,056	99.3%	n.m
FBA Renta Mixta	9,956	4,344	76.1%	303.6%
FBA Acciones Latinoamericanas	7,338	9,392	29.9%	1.5%
FBA Renta Publica I	5,399	1,215	12.0%	397.8%
FBA Gestión I	13	35	(15.4%)	(68.6%)
FBA Bonos Globales	12	24	(16.7%)	(58.3%)
FBA Horizonte Plus	11	28	(72.7%)	(89.3%)
FBA Retorno Total I	82	142	(100.0%)	(100.0%)
FBA Calificado	-	34,640	N/A	(100.0%)
FBA Renta Fija Local	-	9	N/A	(100.0%)
Total Equity	2,663,359	2,805,916	14.1%	8.3%
AMASAU net income	5,994	643	27.1%	n.m

All values are in US Dollars.

MARKET SHARE - MUTUAL FUNDS	BBVA ASSET MANAGEMENT
In %				∆ bps
	4Q24	3Q24	4Q23	QoQ	YoY
Mutual funds	5.26%	5.12%	4.78%	14 pbs	34 pbs
Source: Cámara Argentina de Fondos Comunes de Inversión

| 28 |

| --- |

Other Events

Main Relevant Events

·	Changes in management committee. As of December<br>17, 2024, the Board of Directors decided at its meeting held today, to make modifications within the Front Line Management. In this regard,<br>as from December 31st 2024, Mrs. Mónica Etcheverry shall cease to be Director of Internal Control and Compliance, and Mrs. Beatriz<br>Francia was hereby appointed to perform her duties. For further information click here.
·	Banco BBVA Argentina S.A. has acceptedan offer to acquire 50% of FCA Compañía Financiera S.A. As of December 18, 2024, Banco BBVA Argentina S.A. has accepted<br>an offer from FIDIS S.p.A to acquire 50% of the share capital of de FCA Compañía Financiera S.A. (“FCA”). FCA<br>is a financial Company authorized by the Board of Directors of the Central Bank through Resolution No.432, dated September 16, 1999. It<br>is part of the global Stellantis automotive group, and its main activity is financing private, non-financial sector residents for the<br>purchase of vehicles of the Fiat, Jeep and RAM brands, all of which are produced and/or marketed by FCA Automobiles Argentina S.A. The<br>acquisition of the shares and payment of the Price will be completed after obtaining authorization from the Central Bank and other applicable<br>regulatory and competition authorizations. The transaction price as of the day of this announcement is estimated at approximately $14.8<br>billion, based on the latest available closing date, September 30, 2024. However, according to the terms of the offer, the final price<br>will be determined based on the financial statements closest to the closing and will be subject to customary post-closing adjustments<br>for transactions of this type. For further information click here.
---	---

Corporate Bonds

·	As of December 12, 2024, the Bank issued corporate<br>bonds Class 30 at face value of $15.1 billion, at TEM + 2.75% rate, maturing on September 12, 2025 and interest payments at maturity.
·	As of December 12, 2024, the Bank issued corporate<br>bonds Class 31 at face value of $38.7 billion, at TAMAR + 2.74% rate, maturing on December 12, 2025 and quarterly interest payments. This<br>was the first corporate bond with TAMAR rate adjustment in the market.
---	---
·	As of February 27, 2025, the Bank issued corporate<br>bonds Class 30 at face value of $9.1 billion, at TEM +2.75% rate, maturing on September 12, 2025 and interest payments at maturity.
---	---
·	As of February 27, 2025, the Bank issued corporate<br>bonds Class 32 at face value of USD 16.5 million (blue-chip swap FX), at 3.5% rate, maturing on June 27, 2025 and interest payments at<br>maturity.
---	---
·	As of February 27, 2025, the Bank issued corporate<br>bonds Class 33 at face value of USD 20.4 million (local MEP FX), at 4% rate, maturing on August 27, 2025 and interest payments at maturity.
---	---
·	As of February 27, 2025, the Bank issued corporate<br>bonds Class 34 at face value of $57.0 billion, at TAMAR +2.75% rate, maturing on February 27, 2026 and quarterly interest payments.
---	---

---

| 29 |

| --- |

---

Main Regulatory Changes

Minimum reserve requirements (Communication “A”8134, 11.21.2024). Effective as of November 22, 2024, reserve the requirement integrated with National Treasury Bonds in pesos, can also be integrated with public securities in pesos provided for in point 1.3.17 of that regulation

Access to the FX market eased for service exporters(Communication “A” 8153, 12.11.2024). Effective as of January 1, 2025, the amount for individuals who can receive payments for service exports (without the obligation to liquidate them in the official FX market) is increased from USD 24,000 to USD 36,000.

**Monetary Policy Rate (Press Release 12.06.2025).**The monetary policy rate has been set at 32% (previously 35%)

Net Global foreign currency position. (Communication“A” 8154, 12.12.2024). The Central Bank states that financial institutions should record FX transactions with 24hr settlement within the Daily foreign currency cash position.

Mínimum reserve requirements (Comunicación“A” 8159, 12.19.2024). As of April 1, 2025, deductions for the reduction of reserve requirements in pesos related to investment credit lines, are reduced by 50%. It also revokes, for financing granted as of January 1, 2025, the deduction on reserve requirements from financing of investment projects to SMEs and non-CENDEU clients (financial inclusion). For what was granted up to December 31, 2024, these deductions will still stand for residual value of loans.

**Monetary Policy Rate (Press Release 01.30.2025).**The monetary policy rate has been set at 29% (previously 32%).

Credit policy. Prohibitions. (Comunicación“A” 8202, 02.20.2024). The Central Bank revokes item 1.4 on the Credit Policy regulation, referred to financing in foreign currency.

Glossary

Active clients: holders of at least one active product. Subgroup of total clients that comply with the requirements of being an account holder with a positive business volume in the last three months. Does not include joint account. Excludes clients with arreas. SMEs includes entrepreneurs.

APR: Annual Percentage Rate

APY: Annual Percentage Yield

Cost of Risk (accumulated): Year to date accumulated loan loss allowances / Average total loans.

Average total loans: average between previous year-end Total loans and other financing and current period Total loans and other financing.

Cost of Risk (quarterly): Current period Loan loss allowances / Average total loans. Average total loans: average between previous quarter-end Total loans and other financing and current period Total loans and other financing.

Coverage ratio: Quarterly allowances under the Expected Credit Loss model / total non-performing portfolio.

Digital clients: we consider a customer to be an active user of online banking when they have been logged at least once within the last three months using the internet or a cell phone and SMS banking.

**Efficiency ratio (Excl. inflation adjustments, accumulated):**Accumulated (Personnel benefits+ Administrative expenses + Depreciation & Amortization) / Accumulated (Net Interest Income + Net Fee Income + Net Income from measurement of Financial Instruments at Fair Value through P&L

• Net income from write-down of assets at amortized cost and at fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income).

  30

Efficiency ratio (Excl. inflation adjustments, quarterly):(Personnel benefits+ Administrative expenses + Depreciation & Amortization) / (Net Interest Income + Net Fee Income + Net Income from measurement of Financial Instruments at Fair Value through P&L + Net income from write-down of assets at amortized cost and at fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income).

Efficiency ratio (accumulated): Accumulated (Personnel benefits+ Administrative expenses + Depreciation & Amortization) / Accumulated (Net Interest Income + Net Fee Income + Net Income from measurement of Financial Instruments at Fair Value through P&L + Net income from write-down of assets at amortized cost and at fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income+ Income from net monetary position).

Efficiency ratio (quarterly): (Personnel benefits+ Administrative expenses + Depreciation & Amortization) / (Net Interest Income + Net Fee Income + Net Income from measurement of Financial Instruments at Fair Value through P&L + Net income from write-down of assets at amortized cost and at fair value through OCI + Foreign exchange and gold gains + some concepts included in Other net operating income+ Income from net monetary position).

Liquidity Ratio: (Cash and deposits in banks

• Debt securities at fair value through P&L (Excl. Private securities) + Net REPO transactions + Other debt securities (Excl. Private securities) + Overnight transactions in foreign banks/ Total Deposits.

Mobile clients: customers who have been active in online banking at least once in the last three months using a mobile device.

Net Interest Margin (NIM) – (quarterly): Quarterly Net Interest Income / Average quarterly interest earning assets.

Public Sector Exposure (excl. BCRA): (National and Provincial Government public debt + Loans to the public sector + REPO transactions) / Total Assets.

ROA (accumulated): Accumulated net Income of the period attributable to owners of the parent / Total Average Assets. Total Average Assets is calculated as the average between total assets on December of the previous year and total assets in the current period, expressed in local currency. Calculated over a 365-day year.

ROA (quarterly): Net Income of the period attributable to owners of the parent / Total Average Assets. Total Average Assets is calculated as the average between total assets on the previous quarter-end and total assets in the current period, expressed in local currency. Calculated over a 365-day year.

ROE (accumulated): Accumulated net Income of the period attributable to owners of the parent / Average Equity attributable to owners of the parent. Average Equity is calculated as the average between equity in December of the previous year and equity in the current period, expressed in local currency. Calculated over a 365-day year.

ROE (quarterly): Net Income of the period attributable to owners of the parent / Average Equity attributable to owners of the parent. Average Equity is calculated as the average between equity on the previous quarter end and equity in the current period, expressed in local currency. Calculated over a 365-day year.

Spread: (Quarterly Interest Income / Quarterly average Interest-earning Assets) – (Quarterly Interest Expenses / Quarterly average interest-bearing liabilities).

---

Other terms

n.m.: not meaningful. Implies an increase above 500% and a decrease below -500%.

N/A: not applicable.

Bps: basis points.

| 31 |

| --- |

Balance Sheet

BALANCE SHEET
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Assets
Cash and deposits in banks	3,267,228	2,488,919	(13.6%)	13.5%
Cash	2,168,876	1,583,726	(17.8%)	12.5%
Financial institutions and correspondents	1,098,352	905,193	(5.1%)	15.1%
BCRA	970,668	783,628	(21.8%)	(3.2%)
Other local and foreign financial institutions	127,684	121,565	121.9%	133.1%
Other	-	-	N/A	N/A
Debt securities at fair value through profit or loss	89,558	492,324	2.5%	(81.4%)
Derivatives	9,444	21,780	4.4%	(54.7%)
Repo transactions	-	2,618,427	N/A	(100.0%)
Other financial assets	230,955	198,412	9.6%	27.6%
Loans and other financing	5,868,480	4,301,897	28.5%	75.2%
Non-financial public sector	2,187	316	(55.9%)	205.4%
B.C.R.A	-	-	N/A	N/A
Other financial institutions	45,127	33,647	29.1%	73.2%
Non-financial private sector and residents abroad	5,821,166	4,267,934	28.5%	75.2%
Other debt securities	2,768,933	1,650,146	(9.8%)	51.3%
Financial assets pledged as collateral	260,450	569,743	77.8%	(18.7%)
Current income tax assets	49,074	349	(7.4%)	n.m
Investments in equity instruments	10,287	11,347	23.0%	11.6%
Investments in subsidiaries and associates	22,985	26,929	3.6%	(11.6%)
Property and equipment	633,434	649,407	2.1%	(0.4%)
Intangible assets	72,360	72,161	(4.3%)	(4.1%)
Deferred income tax assets	29,325	6,197	(13.6%)	309.1%
Other non-financial assets	246,192	227,007	(10.1%)	(2.4%)
Non-current assets held for sale	1,516	1,856	147.4%	102.0%
Total Assets	13,560,221	13,336,901	8.6%	10.4%
Liabilities
Deposits	9,214,476	7,925,054	7.8%	25.3%
Non-financial public sector	183,545	74,112	(34.3%)	62.7%
Financial sector	2,839	5,603	52.4%	(22.8%)
Non-financial private sector and residents abroad	9,028,092	7,845,339	8.6%	25.0%
Liabilities at fair value through profit or loss	128	22,496	(100.0%)	(100.0%)
Derivatives	6,615	4,671	(41.7%)	(17.4%)
Reverse REPO transactions	-	-	N/A	N/A
Other financial liabilities	977,136	976,140	22.3%	22.5%
Financing received from the B.C.R.A. and other financial institutions	199,857	61,387	0.5%	227.3%
Corporate bonds issued	38,553	27,910	200.6%	315.3%
Current income tax liabilities	9,991	418,468	37.9%	(96.7%)
Provisions	39,527	45,129	19.2%	4.4%
Deferred income tax liabilities	-	50,992	N/A	(100.0%)
Other non-financial liabilities	491,647	703,413	21.5%	(15.1%)
Total Liabilities	10,977,930	10,235,660	10.3%	18.3%
Equity
Share Capital	613	613	-	-
Non-capitalized contributions	6,745	6,745	-	-
Capital adjustments	902,627	902,627	-	-
Reserves	1,266,600	1,415,790	-	(10.5%)
Retained earnings	-	-	N/A	N/A
Other accumulated comprehensive income	74,290	378,027	(34.0%)	(87.0%)
Income for the period	292,090	358,311	20.9%	(1.4%)
Equity attributable to owners of the Parent	2,542,965	3,062,113	1.4%	(15.8%)
Equity attributable to non-controlling interests	39,326	39,128	7.0%	7.5%
Total Equity	2,582,291	3,101,241	1.5%	(15.5%)
Total Liabilities and Equity	13,560,221	13,336,901	8.6%	10.4%

All values are in US Dollars.

| 32 |

| --- |

Balance Sheet – Five quarters

BALANCE SHEET
In millions of AR - Inflation adjusted
	3Q24	2Q24	1Q24	4Q23
Assets
Cash and deposits in banks	3,267,228	1,757,222	1,828,233	2,488,919
Cash	2,168,876	863,981	1,037,583	1,583,726
Financial institutions and correspondents	1,098,352	884,297	790,650	905,193
B.C.R.A	970,668	797,676	668,684	783,628
Other local and foreign financial institutions	127,684	86,621	121,966	121,565
Other	-	8,944	-	-
Debt securities at fair value through profit or loss	89,558	305,526	328,340	492,324
Derivatives	9,444	6,883	17,286	21,780
Repo transactions	-	337,807	2,919,708	2,618,427
Other financial assets	230,955	186,921	147,244	198,412
Loans and other financing	5,868,480	4,621,085	3,749,471	4,301,897
Non-financial public sector	2,187	2,061	94	316
B.C.R.A	-	-	-	-
Other financial institutions	45,127	26,513	24,509	33,647
Non-financial private sector and residents abroad	5,821,166	4,592,511	3,724,868	4,267,934
Other debt securities	2,768,933	2,733,375	1,257,591	1,650,146
Financial assets pledged as collateral	260,450	559,906	382,279	569,743
Current income tax assets	49,074	54,902	293	349
Investments in equity instruments	10,287	11,386	11,155	11,347
Investments in subsidiaries and associates	22,985	22,000	22,785	26,929
Property and equipment	633,434	672,163	668,778	649,407
Intangible assets	72,360	69,987	73,121	72,161
Deferred income tax assets	29,325	30,466	43,727	6,197
Other non-financial assets	246,192	186,154	188,005	227,007
Non-current assets held for sale	1,516	1,856	1,856	1,856
Total Assets	13,560,221	11,557,639	11,639,872	13,336,901
Liabilities
Deposits	9,214,476	7,038,460	6,858,649	7,925,054
Non-financial public sector	183,545	218,464	232,453	74,112
Financial sector	2,839	2,333	4,458	5,603
Non-financial private sector and residents abroad	9,028,092	6,817,663	6,621,738	7,845,339
Liabilities at fair value through profit or loss	128	236	11,512	22,496
Derivatives	6,615	623	5,742	4,671
Reverse Repo Transactions	-	215,016	-	-
Other financial liabilities	977,136	1,077,448	776,569	976,140
Financing received from the B.C.R.A. and other financial institutions	199,857	57,123	30,711	61,387
Corporate bonds issued	38,553	13,387	17,661	27,910
Current income tax liabilities	9,991	5,010	275,445	418,468
Provisions	39,527	39,174	74,765	45,129
Deferred income tax liabilities	-	-	-	50,992
Other non-financial liabilities	491,647	557,076	537,080	703,413
Total Liabilities	10,977,930	9,003,553	8,588,134	10,235,660
Equity
Share Capital	613	613	613	613
Non-capitalized contributions	6,745	6,745	6,745	6,745
Capital adjustments	902,627	902,627	902,627	902,627
Reserves	1,266,600	1,266,600	1,415,790	1,415,790
Retained earnings	-	-	358,311	-
Other accumulated comprehensive income	74,290	153,215	279,752	378,027
Income for the period	292,090	184,416	49,947	358,311
Equity attributable to owners of the Parent	2,542,965	2,514,216	3,013,785	3,062,113
Equity attributable to non-controlling interests	39,326	39,870	37,953	39,128
Total Equity	2,582,291	2,554,086	3,051,738	3,101,241
Total Liabilities and Equity	13,560,221	11,557,639	11,639,872	13,336,901

All values are in US Dollars.

| 33 |

| --- |

Balance Sheet – Foreign Currency Exposure

FOREIGN CURRENCY EXPOSURE
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Assets
Cash and deposits in banks	2,731,963	2,344,695	(14.1%)	0.1%
Debt securities at fair value through profit or loss	161	490,402	(59.0%)	(100.0%)
Other financial assets	38,677	83,355	14.8%	(46.7%)
Loans and other financing	899,936	428,901	42.9%	199.8%
Other financial institutions	8	9	(50.0%)	(55.6%)
Non-financial private sector and residents abroad	899,923	428,888	42.9%	199.8%
Other debt securities	80,068	161,297	(10.2%)	(55.4%)
Financial assets pledged as collateral	34,749	92,371	95.1%	(26.6%)
Investments in equity instruments	727	941	5.9%	(18.2%)
Total foreign currency assets	3,786,281	3,601,962	0.8%	6.0%
Liabilities
Deposits	3,567,619	2,791,387	0.8%	28.8%
Non-Financial Public Sector	90,123	48,200	0.3%	87.5%
Financial Sector	933	1,376	75.6%	19.0%
Non-financial private sector and residents abroad	3,476,562	2,741,812	0.8%	27.8%
Other financial liabilities	162,450	174,058	13.6%	6.1%
Financing received from the  B.C.R.A. and other financial institutions	45,824	6,792	(4.5%)	n.m
Other non financial liabilities	73,120	134,778	5.9%	(42.6%)
Total foreign currency liabilities	3,849,013	3,107,015	1.4%	25.6%
Foreign Currency Net Position - AR	(62,732)	494,947	(35.1%)	(117.1%)
Foreign Currency Net Position -	(65)	612	(27.1%)	(113.4%)
*Wholesale U.S. dollar foreign exchange rates on BCRA’s Communication “A” 3500, as of the end of period.

All values are in US Dollars.

| 34 |

| --- |

---

Income Statement - Quarterly

INCOME STATEMENT
In millions of AR - Inflation adjusted			∆ %
	3Q24	4Q23	QoQ	YoY
Interest income	821,194	1,915,523	5.0%	(55.0%)
Interest expense	(323,988)	(836,035)	(17.0%)	55.0%
Net interest income	497,206	1,079,488	(3.0%)	(55.0%)
Fee income	143,971	154,064	(4.0%)	(11.0%)
Fee expenses	(67,122)	(76,546)	(13.0%)	1.0%
Net fee income	76,849	77,518	(19.0%)	(20.0%)
Net income from financial instruments at fair value through P&L	31,692	(151,753)	21.0%	125.0%
Net loss from write-down of assets at amortized cost and fair value through OCI	59,787	64,291	25.0%	17.0%
Foreign exchange and gold gains	7,196	429,980	13.0%	(98.0%)
Other operating income	31,522	47,250	14.0%	(24.0%)
Loan loss allowances	(44,567)	(45,070)	(89.0%)	(87.0%)
Net operating income	659,685	1,501,704	(6.0%)	(59.0%)
Personnel benefits	(108,830)	(145,288)	(33.0%)	-
Administrative expenses	(133,237)	(111,404)	(6.0%)	(26.0%)
Depreciation and amortization	(17,871)	(16,430)	(41.0%)	(54.0%)
Other operating expenses	(82,108)	(187,801)	(73.0%)	25.0%
Operating expenses	(342,046)	(460,923)	(32.0%)	2.0%
Operating income	317,639	1,040,781	(48.0%)	(84.0%)
Income from associates and joint ventures	371	125	118.0%	n.m
Income from net monetary position	(184,186)	(774,147)	16.0%	80.0%
Income before income tax	133,824	266,759	(92.0%)	(96.0%)
Income tax	(26,648)	(160,888)	301.0%	133.0%
Income for the period	107,176	105,871	(40.0%)	(39.0%)
Owners of the parent	107,674	107,170	(43.0%)	(43.0%)
Non-controlling interests	(498)	(1,299)	n.m	372.0%
Other comprehensive Income (1)	(78,972)	442,936	67.0%	(106.0%)
Total comprehensive income	28,204	548,807	37.0%	(93.0%)
(1) Net of Income Tax.

All values are in US Dollars.

| 35 |

| --- |

Income Statement – 5 Quarters

INCOME STATEMENT
In millions of AR - Inflation adjusted
	3Q24	2Q24	1Q24	4Q23
Interest income	821,194	1,179,001	1,833,391	1,915,523
Interest expense	(323,988)	(357,037)	(701,980)	(836,035)
Net interest income	497,206	821,964	1,131,411	1,079,488
Fee income	143,971	142,613	130,822	154,064
Fee expenses	(67,122)	(71,387)	(58,287)	(76,546)
Net fee income	76,849	71,226	72,535	77,518
Net income from financial instruments at fair value through P&L	31,692	37,548	40,030	(151,753)
Net loss from write-down of assets at amortized cost and fair value through OCI	59,787	16,557	90,374	64,291
Foreign exchange and gold gains	7,196	24,634	14,692	429,980
Other operating income	31,522	34,720	40,765	47,250
Loan loss allowances	(44,567)	(50,333)	(38,606)	(45,070)
Net operating income	659,685	956,316	1,351,201	1,501,704
Personnel benefits	(108,830)	(132,828)	(128,984)	(145,288)
Administrative expenses	(133,237)	(141,881)	(148,312)	(111,404)
Depreciation and amortization	(17,871)	(21,730)	(14,765)	(16,430)
Other operating expenses	(82,108)	(118,801)	(152,618)	(187,801)
Operating expenses	(342,046)	(415,240)	(444,679)	(460,923)
Operating income	317,639	541,076	906,522	1,040,781
Income from associates and joint ventures	371	3,016	(4,144)	125
Income from net monetary position	(184,186)	(328,049)	(818,980)	(774,147)
Income before income tax	133,824	216,043	83,398	266,759
Income tax	(26,648)	(79,299)	(34,348)	(160,888)
Income for the period	107,176	136,744	49,050	105,871
Owners of the parent	107,674	134,468	49,948	107,170
Non-controlling interests	(498)	2,276	(898)	(1,299)
Other comprehensive Income (OCI)(1)	(78,972)	(126,895)	(98,552)	442,936
Total comprehensive income	28,204	9,849	(49,502)	548,807
(1) Net of Income Tax.

All values are in US Dollars.

| 36 |

| --- |

Ratios

QUARTERLY ANNUALIZED RATIOS	BBVA ARGENTINA CONSOLIDATED
In %				∆ bps
	4Q24	3Q24	4Q23	QoQ	YoY
Profitability
Efficiency Ratio	68.6%	59.2%	46.4%	938 pbs	2.221 pbs
ROA	1.7%	3.4%	3.2%	(169)pbs	(152)pbs
ROE	9.5%	16.9%	15.3%	(742)pbs	(578)pbs
Liquidity
Liquid assets / Total Deposits	54.1%	67.3%	91.3%	(1.316)pbs	(3.710)pbs
Capital
Regulatory Capital Ratio	19.50%	22.20%	32.80%	(275)pbs	(1.327)pbs
TIER I Capital Ratio (Ordinary Capital Level 1/ RWA)	19.50%	22.20%	32.80%	(275)pbs	(1.327)pbs
Asset Quality
Total non-performing portfolio / Total portfolio	1.13%	1.18%	1.29%	(5)pbs	(16)pbs
Allowances  /Total non-performing portfolio	177.00%	152.98%	165.31%	2.401 pbs	1.169 pbs
Cost of Risk	4.88%	3.31%	3.95%	158 pbs	93 pbs
ACCUMULATED ANNUALIZED RATIOS	BBVA ARGENTINA CONSOLIDATED
---	---	---	---	---	---
In %				∆ bps
	4Q24	3Q24	4Q23	QoQ	YoY
Profitability
Efficiency Ratio	61.8%	59.7%	58.6%	216 pbs	326 pbs
ROA	2.5%	2.9%	2.7%	(38)pbs	(18)pbs
ROE	12.5%	13.9%	13.0%	(139)pbs	(52)pbs
Liquidity
Liquid assets / Total Deposits	54.1%	67.3%	91.3%	(1.316)pbs	(3.710)pbs
Capital
Regulatory Capital Ratio	19.5%	22.2%	32.8%	(275)pbs	(1.327)pbs
TIER I Capital Ratio (Ordinary Capital Level 1/ RWA)	19.5%	22.2%	32.8%	(275)pbs	(1.327)pbs
Asset Quality
Total non-performing portfolio / Total portfolio	1.13%	1.18%	1.29%	(5)pbs	(16)pbs
Allowances  /Total non-performing portfolio	177.00%	152.98%	165.31%	2.401 pbs	1.169 pbs
Cost of Risk	3.17%	3.32%	3.68%	(15)pbs	(50)pbs

| 37 |

| --- |

About BBVA Argentina

BBVA Argentina (NYSE; BYMA; MAE: BBAR; LATIBEX: XBBAR) is a subsidiary of the BBVA Group, the main shareholder since 1996. In Argentina, it is one of the leading private financial institutions since 1886. Nationwide, BBVA Argentina offers retail and corporate banking to a broad customer base, including: individuals, SME’s, and large-sized companies.

BBVA Argentina’s purpose is to bring the age of opportunities to everyone, based on our customers’ real needs, providing the best solutions, and helping them make the best financial decisions through an easy and convenient experience. The institution relies on solid values: “The customer comes first, We think big and We are one team”. At the same time, its responsible banking model aspires to achieve a more inclusive and sustainable society.

Investor Relations Contact

Carmen Morillo Arroyo

Chief Financial Officer

Belén Fourcade

Investor Relations

[email protected]

ir.bbva.com.ar

| 38 |

| --- |

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

		Banco BBVA Argentina S.A.
Date:	March 5, 2025	By:	/s/ Carmen Morillo Arroyo
			Name:	Carmen Morillo Arroyo
			Title:	Chief Financial Officer