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Debt securities issued (Tables)
12 Months Ended
Dec. 31, 2025
Debt Instruments Issued [Abstract]  
Summary of Debt Securities Issued
Carrying amount as of
DetailIssuance dateNominal Value (in thousands)Maturity dateAnnual NominalDecember 31,
2025
December 31,
2024
Class 32 BBVA - USDFebruary 27, 202516,510 February 27, 2026
FIXED 3.50%
24,094,970 — 
Class 34 BBVA - PesosFebruary 27, 202556,002,870 February 27, 2026
TAMAR + 2.75%
56,002,870 — 
Class 35 BBVA - USDJune 3, 202562,313 June 3, 2026
FIXED 5.75%
90,940,202 — 
Class 36 BBVA - PesosJune 10, 2025119,860,155 June 10, 2026
TAMAR + 3.20%
119,860,155 — 
Class 37 BBVA - USDAugust 22, 202543,355 August 22, 2026
FIXED 6%
63,273,205 — 
Class 38 BBVA - PesosNovember 20, 202543,540,192 November 20, 2026
TAMAR + 3.50%
43,540,192 — 
Class 39 BBVA - USDDecember 5, 202550,000 December 5, 2026
FIXED 5.75%
72,970,835 — 
Class 29 BBVA - PesosSeptember 23, 202424,500,000 June 23, 2025
BADLAR + 5%
— 32,229,272 
Class 30 BBVA - PesosDecember 12, 202424,150,965 September 12, 2025
FIXED TEM 2.75%
— 19,848,279 
Class 31 BBVA - PesosDecember 12, 202437,706,733 December 12, 2025
TAMAR + 2.74%
— 49,602,472 
Class 12 Volkswagen Financial Services - PesosDecember 11, 202521,142,300 December 11, 2026
TAMAR + 4.50%
21,142,300 — 
Class 13 Volkswagen Financial Services - PesosDecember 11, 20253,273,893 September 11, 2026
TEM 2.59%
3,273,893 — 
Class 14 Volkswagen Financial Services - PesosDecember 11, 20253,342 December 11, 2027
UVA + 9%
5,702,336 — 
Class 11 Volkswagen Financial Services - PesosOctober 22, 202421,142,300 October 22, 2025
BADLAR + 5.75%
— 21,014,752 
Class 30 PSA - PesosDecember 23, 20245,563,241 June 23, 2026
TAMAR + 3.25%
5,563,241 10,976,954 
Class 31 PSA - PesosFebruary 28, 20252,591 March 1, 2027
FIXED UVA + 8%
4,403,625 — 
Class 32 PSA - PesosFebruary 28, 202519,813,161 February 28, 2026
TAMAR + 3.20%
19,813,161 — 
Class 34 PSA - PesosDecember 19, 202512,067 December 19, 2027
FIXED UVA + 8.89%
20,607,721 — 
Class 35 PSA - PesosDecember 19, 202513,788,245 December 19, 2026
TAMAR + 4.24%
13,788,245 — 
Class 36 PSA - PesosDecember 19, 202510,800,000 September 19, 2026
FIXED TNA 35.39%
10,800,000 — 
Class 29 PSA - PesosDecember 23, 202411,655,556 September 23, 2025
FIXED TNA 36.72%
— 15,332,656 
Class 20 Range 1 FCA - Pesos (2)November 29, 20246,540 May 29, 2027
FIXED UVA + 8.84%
11,106,882 — 
Class 20 Range 2 FCA - Pesos (2)November 29, 20242,550,000 March 1, 2026
FIXED TNA 33.60%
2,550,000 — 
Class 21 Range 1 FCA - PesosMay 30, 20252,371 May 30, 2027
FIXED UVA + 10.50%
4,026,384 — 
Class 21 Range 2 FCA - PesosMay 30, 20256,773,333 May 30, 2026
FIXED TNA 36.87%
6,773,333 — 
Class 21 Range 3 FCA - PesosMay 30, 20254,111,111 May 30, 2026
TAMAR + 3.75%
4,111,111 — 
Total Principal604,344,661 149,004,385 
Interests and adjustments11,781,688 3,457,949 
Eliminated (1)(805,158) 
Total 615,321,191 152,462,334 
(1)The eliminations correspond to the portfolio holdings of the subsidiaries.
(2)As of December 31, 2024, the balance of the Class 20 Series 1 and Class 20 Series 2 bonds of FCA is not shown in the table because the Entity did not consolidate the subsidiary FCA CF as of that date.
Summary of Debt Securities Conditions
In February 2026, the following subsidiaries issued corporate bonds under the conditions detailed below:
Issuance conditions
SubsidiaryPSAFCA
Class3738Class 22 Range 1Class 22 Range 2Class 22 Range 3
Term15 months13 months24 months9 months12 months
CurrencyPesosPesosPesosPesosPesos
AmortizationTwo installmentsBulletSemi-annualBulletBullet
Payment of interestQuarterlyUpon-maturityQuarterlyUpon-maturityQuarterly
In February and March of 2026, the Entity issued corporate bonds under the conditions detailed below:
Issuance conditions
Class4041
Term18 months12 months
CurrencyDollarPesos
AmortizationBulletBullet
Payment of interestSemi-annualQuarterly
Nominal Value36,503 45,457,222 
Annual Nominal5%TAMAR + 3.50%
Summary of Corporate Bond Programs
Below is a description of the current Global Corporate Bond Programs:

CompanyAuthorized AmountType of Corporate BondProgram TermDate of Approval by Shareholders/Board of DirectorsCNV Approval
Banco BBVA Argentina S.A.
US$1,000,000 thousand or equivalent
Non-subordinated, simple corporate bonds not convertible into shares, secured, if permitted by current regulations, with floating and/or special guarantees, and/or subordinated, convertible or not into shares, secured.5 yearsApproval by Shareholders’ Meetings dated July 15, 2003, April 26, 2007, March 28, 2008, March 30, 2011, March 26, 2012, April 9, 2013, and April 10, 2018. Approval by Board of Directors’ Meetings dated August 31, 2004, December 7, 2004, September 24, 2008, September 23, 2009, December 22, 2009, June 24, 2022, December 20, 2022, May 22, 2024 and March 26, 2025Resolution No. 14,967 dated November 29, 2004, and extended through Resolution No. 16,010 dated November 6, 2008. The increase in the program's total outstanding amount was authorized through Resolution No. 16,611 dated July 21, 2011, and through Resolution No. 16,826 dated May 30, 2012. In addition, a new program term extension was authorized through Resolution No, 17,127 dated July 11, 2013, and the amendment of its general terms and conditions, the extension of its term and the increase in its maximum amount were authorized through Resolution No. RESFC-2018-19516-APN-DIR#CNV dated May 17, 2018. The extension of the program term, the reduction of the amount and the amendment of certain terms and conditions were authorized by CNV Resolution No. DI-2022-36-APN-GE#CNV dated July 13, 2022. Finally, the increase of the Program amount was authorized by CNV Resolution No. DDI-2025-80-APN-GE#CNV dated May 15, 2025.
Volkswagen Financial Services Cía. Financiera S.A.
US$250,000 thousand or equivalent
Simple, not convertible into shares5 yearsApril 28, 2025The creation of the program and the extension thereof were authorized by Resolution No. RESFC-2018-19549-APN-DIR#CNV dated June 14, 2018, and DI2023-38-APN-GE#CNV dated August 18, 2023, respectively, issued by the Board of Directors of the CNV.
PSA Finance Argentina Compañía Financiera S.A.
US$150,000 thousand or equivalent
Simple, not convertible into shares5 yearsJune 26, 2025On April 26, 2018, the ordinary and extraordinary general shareholders’ meeting of PSA Finance Argentina Compañía Financiera S.A. decided on the updating and amendment of the Program terms and conditions to place corporate bonds stated in monetary units adjustable by indices, which was authorized by the CNV through Resolution No. RESFC-2018-19523- APN-DIR#CNV dated May 17, 2018. The extension of the Program for a term of 5 (five) years and the amendment to its terms and conditions were approved by the ordinary and extraordinary shareholders’ meeting held on April 20, 2023. The amendments to the Program terms and conditions were approved by the Board of Governors’ Meeting dated September 26, 2023. The updating of the Prospectus and its preliminary version were approved through the resolution by the sub-delegate on November 3, 2023. On June 26, 2025, the expansion of the Global Program for the issuance of corporate bonds for a maximum outstanding nominal value of up to USD 150,000,000 or its equivalent in other currencies or units of value or measurement was approved. On August 8, 2025, the update and amendment of the Global Program for the issuance and reissuance of simple corporate bonds was issued and approved by the CNV on August 11, 2025.
FCA Compañía Financiera S.A.
US$100,000 thousand or equivalent
Simple, not convertible into shares5 yearsShareholders’ Meeting dated March 20, 2025, and Directors’ Meetings dated September 10, 2025The Public Offering of the Corporate Bonds issued under the Program, the increase in the Program’s amount from USD 50,000,000 to USD 100,000,000, and the first extension of the Program’s term were authorized through CNV Resolutions No. 16,448 dated November 10, 2010; No. 16,613 dated July 28, 2011; and No. 17,890 dated November 20, 2015. The increase in the Program’s maximum amount from USD 100,000,000 to USD 200,000,000 and the amendment of its terms and conditions were authorized through CNV Resolution No. 19,496 dated May 3, 2018. By virtue of the Company’s registration as a Frequent Issuer, the Program’s amount was reduced to USD 100,000,000 (Issuers Department Provision DI-2019-40-APN-GE#CNV), as the amount of USD 100,000,000 was allocated to the Frequent Issuer Prospectus, as required by the CNV. The second extension of the Program term and the amendment of certain terms and conditions were authorized through Provision No. DI-2021-5-APN-GE#CNV of the CNV Issuers Department dated March 1, 2021, while the latest extension of the Program term and amendment of certain terms and conditions were authorized through DI-2025-194-APN-GE#CNV of the CNV Issuers Department dated October 22, 2025.