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Banco BBVA Argentina S A : Class action lawsuit notification – ADUC
|09/30/2020 | 09:15am|
Buenos Aires, September 29th 2020
Securities and Exchange Commission
RE: "Argentine consumer defense association, ADUC - vs/ Banco BBVA S.A. on/ Ordinary Trial" First Instance National Court on Commercial Matters No. 8, Secretariat No. 16.
With due consideration:
We hereby address you, in our capacity as proxies, in order to inform that Banco BBVA Argentina S.A has been notified of a class-action lawsuit filed by the Argentine consumer defense association - ADUC.
The Association acting on behalf of consumers, claims the interest rates applicable to Automatically Renewable Fixed Terms.
It is important to remark that this action is informed even though it is materially impossible to determine to date, whether the claim has a significant economic importance, since such claim is brought for an indeterminate amount, materially impossible to be determined with certainty today.
The Bank is analyzing the content of the lawsuit and defining the course of action, thus considering that even in the hypothetical case of an adverse decision regarding this dispute, such circumstance will not have a significant impact on its assets and activities.
BANCO BBVA ARGENTINA S.A.
Av. Córdoba 111, piso 31 (C1054AAA) Ciudad Autónoma de Buenos Aires, Argentina
IGJ 17-10-19 N° 21.332 L.97 T SA (T.O)
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Banco BBVA Argentina SA published this content on 29 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 30 September 2020 13:14:07 UTC