trending Market Intelligence /marketintelligence/en/news-insights/trending/5cYG2oV5fWnfuFLTxr-NuQ2 content esgSubNav
In This List

Argentina's BBVA Francés makes provision of 1.19B pesos over tax dispute

Podcast

Street Talk | Episode 98: Regulatory scrutiny having cooling effect on community bank M&A

Blog

Insight Weekly: M&A outlook; US community bank margins; green hydrogen players' EU expansion

Podcast

Street Talk | Episode 97: Recessionary fears still keeping bank investors on the sidelines

Blog

Making sanctions effective: Key themes for banks


Argentina's BBVA Francés makes provision of 1.19B pesos over tax dispute

BBVA Banco Francés SA on June 8 said it will make a provision of 1.19 billion Argentine pesos due to an ongoing legal dispute with the Argentine tax authorities over income tax for 2016, which will be reflected in this year's second-quarter earnings, according to a regulatory filing.

The dispute is over inflation adjustment tax payments. The bank said legal proceedings would continue.

As of June 8, US$1 was equivalent to 16.01 Argentine pesos.