Business Context and Reporting Period
This Form 6-K filing by Banco BBVA Argentina S.A. covers the period ending March 31, 2026. The document serves as a notification regarding the payment of the 10th and final installment of a dividend approved by the General Shareholders' Meeting on April 23, 2025, and authorized by the Argentine Central Bank (BCRA) on May 12, 2025.
Key Financial Metrics
- Total Dividend Approved: AR$ 89,413,163,000 (expressed in homogeneous currency as of December 31, 2024).
- Inflation-Adjusted Total: AR$ 124,516,144,902 (adjusted to March 2026 based on the latest INDEC CPI).
- Installment 10 Amount: AR$ 4,164,493,441.
- Per Share Amount: AR$ 20.3221086433 per share.
- Participating Capital: 33.4455536188% of share capital (V/N 204,924,278 shares) that did not opt for BOPREAL payment.
- Tax Withholding: 7% withholding tax applies under Article 97 of the Income Tax Law.
Material Changes and Payment Mechanics
The filing details the final distribution of the 2024 dividend. A material distinction is made between resident and non-resident shareholders regarding payment methods:
- Resident Shareholders: Payment is made in Argentine pesos (ARS) via Caja de Valores S.A.
- Non-Resident Shareholders:
- Those who opted for BOPREAL (Bonds for the Reconstruction of a Free Argentina) will receive payment upon settlement of the tender by the BCRA.
- Those who did not opt for BOPREAL will receive payment in pesos.
- American Depositary Shares (ADS): Payments are distributed through the depositary bank, Bank of New York Mellon, with dates subject to jurisdictional rules.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, revenue projections, or management commentary on future business operations. The primary risk highlighted is the timing of payments for non-resident shareholders opting for BOPREAL, which depends on the BCRA tender settlement. Additionally, the filing notes that only shareholders registered on the Cut-Off Date (March 26, 2026) are eligible for payment; notifications from non-holders on that date will be void.
Investor Verification Checklist
- Verify share ownership status as of the Cut-Off Date (March 26, 2026).
- Confirm election status regarding BOPREAL subscription for non-resident shareholders to determine payment timing and currency.
- Check with the depositary bank (Bank of New York Mellon) for specific payment dates applicable to ADS holders.
- Review the 7% withholding tax implications on the gross dividend amount.
- Confirm the inflation adjustment methodology used by INDEC for the homogeneous currency conversion.