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Fair Value Quantitative And Qualitative Disclosures (Tables) | 12 Months Ended
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Dec. 31, 2020
Statement [LineItems] |
Summary of Fair Value Measurement of Asset and Liability | The following tables show the hierarchy in the Bank’s financial asset and liability fair value measurement, as of December 31, 2020 and 2019: CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES AS OF DECEMBER 31, 2020
Item |  | Amortized cost |  |  | Fair value with changes in other comprehensive income |  |  | Fair value with changes in P/L |  |  | Fair value hierarchy |
| Level 1 |  |  | Level 2 |  |  | Level 3 |
FINANCIAL ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposits in banks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  |  | 25,422,664 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial institutions and Correspondents |  |  | 104,539,560 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  | 5,262 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  | 54,982,465 |  |  |  | 54,604,015 |  |  |  | 6 |  |  |  | 378,444 |
Derivative instruments |  |  |  |  |  |  |  |  |  |  | 989,478 |  |  |  |  |  |  |  | 7,232 |  |  |  | 982,246 |
Repo transactions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Central Bank of the Argentine Republic |  |  | 39,421,705 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial assets |  |  | 18,280,848 |  |  |  |  |  |  |  | 605,442 |  |  |  | 579,263 |  |  |  |  |  |  |  | 26,179 |
Loans and other financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
To the non-financial government Sector |  |  | 3,614,614 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial institutions |  |  | 1,824,600 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
To the non-financial private sector and foreign residents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Overdrafts |  |  | 17,611,869 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Documents |  |  | 27,339,195 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans |  |  | 25,410,608 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pledge loans |  |  | 3,325,554 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans |  |  | 70,258,760 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  |  | 64,266,490 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial leases |  |  | 118,562 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other (1) |  |  | 43,650,943 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other debt securities |  |  | 31,113,789 |  |  |  | 178,005,144 |  |  |  |  |  |  |  | 115,417,483 |  |  |  | 62,587,661 |  |  |  |  |
Financial assets delivered as guarantee |  |  | 13,596,610 |  |  |  | 695,748 |  |  |  |  |  |  |  | 695,748 |  |  |  |  |  |  |  |  |
Equity Instruments at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  | 5,218,299 |  |  |  | 9,855 |  |  |  |  |  |  |  | 5,208,444 |
TOTAL FINANCIAL ASSETS |  |  | 489,801,633 |  |  |  | 178,700,892 |  |  |  | 61,795,684 |  |  |  | 171,306,364 |  |  |  | 62,594,899 |  |  |  | 6,595,313 |
FINANCIAL LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the non-financial government sector |  |  | 73,565,424 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the financial sector |  |  | 696,415 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the non-financial private sector and foreign residents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Checking accounts |  |  | 65,401,102 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Savings accounts |  |  | 138,844,482 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and Investment accounts |  |  | 181,767,558 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  | 28,466,382 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  |  |  |  |  |  |  |  |  |  | 230 |  |  |  | 230 |  |  |  |  |  |  |  |  |
Repo transactions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial institutions |  |  | 618,572 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial liabilities |  |  | 49,215,887 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financing received from Central Bank and other financial entities |  |  | 919,103 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issued corporate bonds |  |  | 4,926,901 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated corporate bonds |  |  | 34,300,292 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL FINANCIAL LIABILITIES |  |  | 578,722,118 |  |  |  |  |  |  |  | 230 |  |  |  | 230 |  |  |  |  |  |  |  |  |
(1) | Includes the total allowances to the non-financial private sector and foreign residents.
CATEGORIES OF FINANCIAL ASSETS AND LIABILITIES AS OF DECEMBER 31, 2019
Item |  | Amortized cost |  |  | Fair value with changes in other comprehensive income |  |  | Fair value with changes in P/L |  |  | Fair value hierarchy |
| Level 1 |  |  | Level 2 |  |  | Level 3 |
FINANCIAL ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposits in banks |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash |  |  | 26,563,255 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial institutions and Correspondents |  |  | 110,498,075 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  | 5,100 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Debt securities at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  | 7,725,991 |  |  |  | 6,543,684 |  |  |  | 72,681 |  |  |  | 1,109,626 |
Derivative instruments |  |  |  |  |  |  |  |  |  |  | 838,493 |  |  |  | 43,012 |  |  |  | 25,991 |  |  |  | 769,490 |
Repo transactions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial entities |  |  | 1,481,096 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial assets |  |  | 7,889,031 |  |  |  |  |  |  |  | 502,535 |  |  |  | 471,221 |  |  |  |  |  |  |  | 31,314 |
Loans and other financing |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
To the non-financial government Sector |  |  | 8,781,948 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial institutions |  |  | 5,380,555 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
To the non-financial private sector and foreign residents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Overdrafts |  |  | 56,276,823 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Documents |  |  | 28,085,343 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Mortgage loans |  |  | 28,053,169 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Pledge loans |  |  | 5,536,821 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Personal loans |  |  | 77,326,738 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Credit cards |  |  | 57,392,877 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial leases |  |  | 312,495 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other (1) |  |  | 33,584,820 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other debt securities |  |  | 24,004,210 |  |  |  | 63,824,735 |  |  |  |  |  |  |  | 50,355,730 |  |  |  | 13,469,005 |  |  |  |  |
Financial assets delivered as guarantee |  |  | 14,530,739 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Equity Instruments at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  | 3,562,427 |  |  |  | 12,842 |  |  |  |  |  |  |  | 3,549,585 |
TOTAL FINANCIAL ASSETS |  |  | 485,703,095 |  |  |  | 63,824,735 |  |  |  | 12,629,446 |  |  |  | 57,426,489 |  |  |  | 13,567,677 |  |  |  | 5,460,015 |
FINANCIAL LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the non-financial government sector |  |  | 23,906,675 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the financial sector |  |  | 427,702 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
From the non-financial private sector and foreign residents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Checking accounts |  |  | 54,625,032 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Savings accounts |  |  | 123,517,591 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Time deposits and Investment accounts |  |  | 144,401,841 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other |  |  | 10,987,601 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative instruments |  |  |  |  |  |  |  |  |  |  | 1,046,556 |  |  |  |  |  |  |  | 1,046,556 |  |  |  |  |
Repo transactions |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial institutions |  |  | 1,364,825 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Other financial liabilities |  |  | 30,181,836 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financing received from Central Bank and other financial entities |  |  | 3,057,451 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Issued corporate bonds |  |  | 7,521,820 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Subordinated corporate bonds |  |  | 33,098,040 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
TOTAL FINANCIAL LIABILITIES |  |  | 433,090,414 |  |  |  |  |  |  |  | 1,046,556 |  |  |  |  |  |  |  | 1,046,556 |  |  |  |  |
(1) | Includes the total allowances to the non-financial private sector and foreign residents.
Summary of Financial Assets and Liabilities Recognized at Fair Value using the Valuation Technique | Below is the reconciliation between the amounts at the beginning and at the end of the fiscal year of the financial assets and liabilities recognized at fair value categorized as level 3:
|  | As of December 31, 2020 |
Description |  | Debt securities |  |  | Other financial assets |  |  | Equity instruments at fair value through profit or loss |  |  | Derivative financial instruments |
Amount at the beginning |  |  | 1,109,626 |  |  |  | 31,314 |  |  |  | 3,549,583 |  |  |  | 769,490 |
Transfers to Level 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers from Level 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Profit and loss (1) |  |  | 207,791 |  |  |  | 9,472 |  |  |  | 2,609,737 |  |  |  | 417,029 |
Recognition and derecognition |  |  | (791,555 | ) |  |  | (6,506 | ) |  |  | 17,111 |  |  |  |  |
Monetary effects |  |  | (147,418 | ) |  |  | (8,101 | ) |  |  | (967,987 | ) |  |  | (204,273 | )
Amount at end of the fiscal year |  |  | 378,444 |  |  |  | 26,179 |  |  |  | 5,208,444 |  |  |  | 982,246 |
|  | As of December 31, 2019 |
Description |  | Debt securities |  |  | Other financial assets |  |  | Equity instruments at fair value through profit or loss |  |  | Derivative financial instruments |
Amount at the beginning |  |  | 2,703,786 |  |  |  | 190,929 |  |  |  | 95,095 |  |  |  |  |
Transfers to Level 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Transfers from Level 3 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Profit and loss (1) |  |  | 885,411 |  |  |  | 18,737 |  |  |  | 328,662 |  |  |  |  |
Recognition and derecognition |  |  | (1,706,169 | ) |  |  | (143,266 | ) |  |  | 4,372,702 |  |  |  | 769,490 |
Monetary effects |  |  | (773,402 | ) |  |  | (35,086 | ) |  |  | (1,246,876 | ) |  |  |  |
Amount at end of the fiscal year |  |  | 1,109,626 |  |  |  | 31,314 |  |  |  | 3,549,583 |  |  |  | 769,490 |
(1) | Profit and loss are recorded in “Net gain from measurement of financial instruments at fair value”.
Summary of Sensitivity Analysis Related to WACC |
Prisma Medios de Pago SA equity (49%) + minority discount (9.09%) – US$ millions g (terminal value growth – annual)
|  |  |  |  | 2.00% |  |  | 3.00% |  |  | 4.00% |
|  |  | 97.5 | % |  |  | 370.9 |  |  |  | 391.8 |  |  |  | 416.5 |
WACC |  |  | 100 | % |  |  | 366.2 |  |  |  | 386.8 |  |  |  | 411.1 |
|  |  | 102.5 | % |  |  | 361.7 |  |  |  | 381.9 |  |  |  | 405.9 |
Summary of Sensitivity Analysis Related to Put Option Per Share | Below is disclosed the sensitivity for the valuation of the put option per share, based on the level of implied volatility and the theoretical exercise price of the share price: Sensibility - US$ Volatility
|  |  |  |  | 10.0% |  |  | 12.0% |  |  | 15.0% |
|  |  | 95 | % |  |  | 1.08 |  |  |  | 1.16 |  |  |  | 1.26 |
EBITDA |  |  | 100 | % |  |  | 1.26 |  |  |  | 1.31 |  |  |  | 1.42 |
|  |  | 105 | % |  |  | 1.43 |  |  |  | 1.48 |  |  |  | 1.58 |
Summary of Valuation Techniques and Significant Unobservable Inputs Used in the Valuation | The following table provides quantitative information about the valuation techniques and significant unobservable inputs used in the valuation of the main of debt securities of financial trusts for which the Bank uses an internal model.
|  | Fair value of |  |  |  |  |  |  | Range of inputs |
|  | Level 3 Assets |  |  | Valuation |  | Significant unobservable |  | 12/31/2020 |
|  | 12/31/2020 |  |  | Technique |  | inputs |  | Range of inputs |
|  |  |  |  |  |  |  |  | Low |  |  | High |  |  | Unit |
Debt Securities of Financial Trusts Provisional |  |  | 376,090 |  |  | Income approach (discounted cash flow) |  | Discount rate in pesos |  |  | 43.84 |  |  |  | 47.60 |  |  |  |  | %
|  | Fair value of |  |  |  |  |  |  | Range of inputs |  |  |  |
|  | Level 3 Assets |  |  | Valuation |  | Significant unobservable |  | 12/31/2019 |  |  |  |
|  | 12/31/2019 |  |  | Technique |  | inputs |  | Range of inputs |  |  |  |
Debt Securities of Financial Trusts |  |  | 259,482 |  |  | Income approach (discounted cash flow) |  | Discount rate in pesos |  |  | 48.50 |  |  |  | 74.06 |  |  |  |  | %
Debt Securities of Financial Trusts Provisional |  |  | 847,773 |  |  | Income approach (discounted cash flow) |  | Discount rate in pesos |  |  | 39.27 |  |  |  | 44.97 |  |  |  |  | %
Summary of Effect of Changing the Significant Unobservable Inputs | The table below describes the effect of changing the significant unobservable inputs to reasonable possible alternatives. Sensitivity data were calculated using a number of techniques including analyzing price dispersion of different price sources, adjusting model inputs to analyze changes within the fair value methodology.
|  | 12/31/2020 |  |  | 12/31/2019 |
|  | Favorable changes |  |  | Unfavorable changes |  |  | Favorable changes |  |  | Unfavorable changes |
Debt Securities of Financial Trusts |  |  |  |  |  |  |  |  |  |  | 5,654 |  |  |  | (5,000 | )
Debt Securities of Financial Trusts Provisional |  |  | 450 |  |  |  | (439 | ) |  |  | 1,083 |  |  |  | (1,057 | )
Summary of Comparison between Fair Value and the Carrying Amount of Financial Instruments | The following table shows a comparison between the fair value and the carrying amount of financial instruments not measured at fair value as of December 31, 2020 and 2019:
|  | 12/31/2020 |
|  | Carrying amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposits in banks |  |  | 129,967,486 |  |  |  | 129,967,486 |  |  |  |  |  |  |  |  |  |  |  | 129,967,486 |
Repo transactions |  |  | 39,421,705 |  |  |  | 39,421,705 |  |  |  |  |  |  |  |  |  |  |  | 39,421,705 |
Other financial assets |  |  | 18,280,848 |  |  |  | 18,280,848 |  |  |  |  |  |  |  |  |  |  |  | 18,280,848 |
Loans and other financing |  |  | 257,421,195 |  |  |  |  |  |  |  |  |  |  |  | 239,959,333 |  |  |  | 239,959,333 |
Other debt securities |  |  | 31,113,789 |  |  |  | 10,559,766 |  |  |  | 22,210,308 |  |  |  | 148,327 |  |  |  | 32,918,401 |
Financial assets delivered as guarantee |  |  | 13,596,610 |  |  |  | 13,596,610 |  |  |  |  |  |  |  |  |  |  |  | 13,596,610 |
|  |  | 489,801,633 |  |  |  | 211,826,415 |  |  |  | 22,210,308 |  |  |  | 240,107,660 |  |  |  | 474,144,383 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 488,741,363 |  |  |  | 243,062,751 |  |  |  |  |  |  |  | 245,400,493 |  |  |  | 488,463,244 |
Repo transactions |  |  | 618,572 |  |  |  | 618,572 |  |  |  |  |  |  |  |  |  |  |  | 618,572 |
Other financial liabilities |  |  | 49,215,887 |  |  |  | 47,879,138 |  |  |  | 1,331,299 |  |  |  |  |  |  |  | 49,210,437 |
Financing received from the BCRA and other financial entities |  |  | 919,103 |  |  |  | 323,872 |  |  |  | 585,643 |  |  |  |  |  |  |  | 909,515 |
Issued corporate bonds |  |  | 4,926,901 |  |  |  |  |  |  |  | 4,120,798 |  |  |  |  |  |  |  | 4,120,798 |
Subordinated corporate bonds |  |  | 34,300,292 |  |  |  |  |  |  |  | 29,103,736 |  |  |  |  |  |  |  | 29,103,736 |
|  |  | 578,722,118 |  |  |  | 291,884,333 |  |  |  | 35,141,476 |  |  |  | 245,400,493 |  |  |  | 572,426,302 |
|  | 12/31/2019 |
|  | Carrying amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposits in banks |  |  | 137,066,430 |  |  |  | 137,066,430 |  |  |  |  |  |  |  |  |  |  |  | 137,066,430 |
Repo transactions |  |  | 1,481,096 |  |  |  | 1,481,096 |  |  |  |  |  |  |  |  |  |  |  | 1,481,096 |
Other financial assets |  |  | 7,889,031 |  |  |  | 7,889,031 |  |  |  |  |  |  |  |  |  |  |  | 7,889,031 |
Loans and other financing |  |  | 300,731,589 |  |  |  | 424,388 |  |  |  |  |  |  |  | 264,176,063 |  |  |  | 264,600,451 |
Other debt securities |  |  | 24,004,210 |  |  |  | 2,127,361 |  |  |  | 22,652,005 |  |  |  | 1,660,974 |  |  |  | 26,440,340 |
Financial assets delivered as guarantee |  |  | 14,530,739 |  |  |  | 13,064,394 |  |  |  |  |  |  |  |  |  |  |  | 13,064,394 |
|  |  | 485,703,095 |  |  |  | 162,052,700 |  |  |  | 22,652,005 |  |  |  | 265,837,037 |  |  |  | 450,541,742 |
|  | 12/31/2019 |
|  | Carrying amount |  |  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Fair Value |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 357,866,442 |  |  |  | 200,293,229 |  |  |  |  |  |  |  | 157,881,650 |  |  |  | 358,174,879 |
Repo transactions |  |  | 1,364,825 |  |  |  | 1,364,825 |  |  |  |  |  |  |  |  |  |  |  | 1,364,825 |
Other financial liabilities |  |  | 30,181,836 |  |  |  | 28,680,171 |  |  |  | 1,489,374 |  |  |  |  |  |  |  | 30,169,545 |
Financing received from the BCRA and other financial entities |  |  | 3,057,451 |  |  |  | 2,501,414 |  |  |  | 481,284 |  |  |  |  |  |  |  | 2,982,698 |
Issued corporate bonds |  |  | 7,521,820 |  |  |  |  |  |  |  | 1,878,785 |  |  |  | 3,619,745 |  |  |  | 5,498,530 |
Subordinated corporate bonds |  |  | 33,098,040 |  |  |  |  |  |  |  | 24,967,325 |  |  |  |  |  |  |  | 24,967,325 |
|  |  | 433,090,414 |  |  |  | 232,839,639 |  |  |  | 28,816,768 |  |  |  | 161,501,395 |  |  |  | 423,157,802 |

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