8. BBVA Banco Frances SA (BFR) is an Argentina-based bank providing personal and corporate loans and credit cards.
During the March quarter of 2011, credit growth rose 57% year-over-year boosted by traction in its private sector loan portfolio. Deposits grew 30% compared to the same period last year.
Net profit improved 22.4% year-over-year, driven by robust net interest income (NII), up 29.4% on higher margins. The gross non-performing loan ratio declined to 0.51% with a coverage ratio of 482.6%.The capital ratio was 14% of risk adjusted assets. Return on average assets stood at 2.54% and return on equity was 23%. Analysts' consensus estimate pegs average gains at 44% over the next one year.