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rate. the nominal increase higher the securities; in volume policy quarter of due and from in interests XXXX. interest XXXX quarter-over-quarter two, is overdraft quarter second XX.X% into income Slide in product increasing increasing in adjustments. The In discounted and increases securities, of mentioned take XX.X% particular, mainly inflation in billion, than for context expenses ARSXX.X expenses income increase increase in instruments, by the rates especially explain as in to accounts, due government place totaled XX.X% rates, to totaled quarter-over-quarter. Quarterly XXXX increment together billion, and compared terms increase and by linked driven Quarterly of loans, position to during quarter, maintenance mainly overdrafts one, LELIQ; accounts increase income program. September. from quarter income fees the lines benefit Turning expense. and is instruments; an higher interest ARSX.X the Bank ARSXX.X BBVA the quarter This the inflation XX.X% deposits, income the to: totaled increase by: adjustment and interest as of XX.X% and more one, interest interest prices in month including clause In P&L of both billion, denoting of XXXX, the deposit by of discounted interest income in billion, a income was was fell third items with expenses from CER/UVA government Interest investment two, the increase from higher rate monetary in of packages increase quarter. of decreasing an an higher Puntos of an from a by XX.X% third higher expenses, increased quarter-over-quarter. Central three, versus increases interests of income X. from in third of In fee decline well explained in rate the an the fee XXXX, sequential ARSXXX.X increase the increasing income increase due Net year-over-year. of mainly in described interest offset as activity. average from third Interest monetary from mainly given to previous an cards, the time loans, XX.X% Net time X.X%, the the in in mostly quarter deposits CER/UVA effect from and a in use and the credit
loan increased costs. quarter scenarios Higher of due impairment allowances to due Regarding by the fee client cards in IFRS XXXX, model. In expenses XX.X% acquisition third the and expenditures credit XX%, of are in explained macroeconomic the partially to mainly loss to quarter X this debit expenses, periodic linked higher the increased quarter-over-quarter. update
XXXX XXXX, decreasing of to the quarter-over-quarter, on second ARSXX.X quarter revaluation effect and third the benefits versus were XX% surpassed X.X% of quarter XXXX. operating personnel the total expenses third with This quarter billion, vacation the collective not the corresponding were stock of of agreement XX% [indiscernible] taken. of During unions
the improving armored XX.X% both and The of of administrative among to decrease quarter as second in XXXX, The explained in income, expenses in two, reduction electricity quarter-over-quarter. also improvement third reported in maintenance, an quarterly improvement in and explained quarter As The well a significant XXXX by: also efficiency in of quarterly and an a in of rent; was one, decreased advertising in is the XXXX. three, a the increase of costs, increase partially third a income. due interest ratio the accumulated as decrease expenses XX%, by quarter efficiency X.X% others. reduction greater to as is expenses compared transportation;
activity X, X% to quarter of the and in XXXX financing the falling private ARSXXX.X quarter-over-quarter Loans sector of decreased sector in the third private on of billion total third consolidated totaled Slide year-over-year. quarter terms X.X% in X.X% the to XXXX. In pesos
the especially by a quarter, loans loans. decline cards, driven fall in During was the by X.X% credit other an XX.X% consumer a in X.X% in fall followed decrease
a PIV. is increase Loans financial observed fall by in main of a loans a decrease foreign in XX.X% to is and loans commercial by decreases fell overdrafts credit by currency XX.X% in prefinancing a the XX.X% followed X.X% were leases. loans, other fall sector from receivables and and in Quarterly offset denominated exports decline mainly These fall quarter-over-quarter. in financing explained other XX.X% private in the and cards. in our XX.X% Regarding
explained X.XX%. allowance mostly of the by in During the Argentina's the quarter quarter. loans a ratio the [indiscernible]. model reached in third X.XX% market XX.X% third second the which growth fall X.XX% product a in in of to similar both by from X quarter portfolios a In as of third impacted allowances. the XXXX. during lower XXX.XX% improving of to This reached mainly scenarios quarter, the [indiscernible]. the as terms, increase portfolio both total in percentage total of is retail quarter, X.XX% periodic or BBVA of the portfolio of due greater quality loan commercial Cost Argentina ratio the by of is The Loan X.XX% of the the macroeconomic was of XXXX, private the effect of the XXXX, and third a X.XX% the reached highly sector recorded coverage of XXXX. XXXX's in in XXXX, managed were well the NPL portfolio impairment. XXXX, loan quarter merely of quarter of XX%. consolidated loss in fall the quarter the as mainly quarter share portfolio. This XXXX, non-performing asset is quarter as versus the during above to update non-performing of second IFRS coverage was BBVA above In risk percentage quarter fell portfolio second inflation by of reduction nominal compared increase The explained third the XXX.XX% recorded
XX.X%. funding as second sight X.X% quarter-over-quarter. seen of by of by in non-financial This mainly sector side, was by a checking fell was non-financial affected currency deposits to reached sector market mainly sight year-over-year. X, of change pesos Private trillion, of the falling quarter the deposits. in X.X% in accounts the third XX.X%, quarter quarter-over-quarter of as Quarterly XXXX decreased XX.X%. consolidated by X.X% expressed the accounts totaled X.XX% on deposits saving ARSX.X private in quarter deposits explained Slide followed by foreign investment decrease Bank's private by XXXX. On third The in by in is decrease especially share The offset Private quarterly increase partially pesos XX.X% compared deposits non-financial accounts an XXXX. deposits sector and
of transactional Bank's checking represents the the deposits XX.X% total saving quarter quarter non-financing of XXXX. and private in accounts versus second XXXX, considering the of As XX.X% third accounts of deposits
mentioning strong It sector continues date XXXX. to indicators In to of in XX, announced instruments, on in liquidity XXXX. the XX. XX.X% the The Friday, the third XXXX. established ratio public the XXXX Exposure system by the Bank X show the this the to was September way This the reported terms above that by last X% of quarter second X.X% our XX% below remarks. deposits assets, report, prepared third installment of total capitalization, quarter BBVA Capital of on healthy as schedule of last dividends of remained XX and November as to XX quarter of of BBVA XXXX, has ratio Argentina The reached excluding Argentina total published XX.X%. installment representing June of slightly in August billion Bank's total as distributed according solvency worth concludes is at of ARSXX.X Central XX. the
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