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Related Parties (Tables) | 12 Months Ended
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Dec. 31, 2020
Statement [LineItems] |
Summary of Amounts and Profit or Loss Related to Transactions Generated With Related Parties | As of December 31, 2020 and 2019, amounts balances and profit or loss related to transactions generated with related parties are as follows:
|  | Information as of December 31, 2020 |
|  | Main subsidiaries (1) |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Macro Bank Limited |  |  | Macro Securities SA |  |  | Macro Fondos SGFCISA |  |  | Argenpay SAU |  |  | Associates |  |  | Key management personnel (2) |  |  | Other related parties |  |  | Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposit in banks |  |  | 674 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 674 |
Repo transaction |  |  |  |  |  |  | 767,386 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 767,386 |
Other financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 148 |  |  |  | 148 |
Loans and other financing (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Documents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,528 |  |  |  | 1,528 |
Overdraft |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 32,754 |  |  |  | 406,418 |  |  |  | 439,172 |
Credit Cards |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 45,318 |  |  |  | 11,003 |  |  |  | 56,321 |
Lease |  |  |  |  |  |  | 1,034 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 5,223 |  |  |  | 6,257 |
Personal loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,651 |  |  |  |  |  |  |  | 11,651 |
Mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 84,173 |  |  |  |  |  |  |  | 84,173 |
Other loans |  |  |  |  |  |  | 711,777 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 380,489 |  |  |  | 1,092,266 |
Guarantee granted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 831,701 |  |  |  | 831,701 |
Total Assets |  |  | 674 |  |  |  | 1,480,197 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 173,896 |  |  |  | 1,636,510 |  |  |  | 3,291,277 |
LIABILITIES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 7 |  |  |  | 671,420 |  |  |  | 130,614 |  |  |  | 56,976 |  |  |  | 43,339 |  |  |  | 620,654 |  |  |  | 3,777,234 |  |  |  | 5,300,244 |
Other financial liabilities |  |  |  |  |  |  | 15,615 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 162 |  |  |  | 11,813,748 |  |  |  | 11,829,525 |
Other non-financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 11,423 |  |  |  | 11,423 |
Total Liabilities |  |  | 7 |  |  |  | 687,035 |  |  |  | 130,614 |  |  |  | 56,976 |  |  |  | 43,339 |  |  |  | 620,816 |  |  |  | 15,602,405 |  |  |  | 17,141,192 |
INCOME / (LOSS) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  | 47,019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 60,519 |  |  |  | 635,329 |  |  |  | 742,867 |
Interest expense |  |  |  |  |  |  | (627 | ) |  |  |  |  |  |  |  |  |  |  | (8,864 | ) |  |  | (893,465 | ) |  |  | (737,515 | ) |  |  | (1,640,471 | )
Commissions income |  |  |  |  |  |  | 10,737 |  |  |  | 307 |  |  |  |  |  |  |  | 89 |  |  |  | 155 |  |  |  | 61,586 |  |  |  | 72,874 |
Commissions expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (135 | ) |  |  | (235 | ) |  |  | (370 | )
Net income from measurement of financial instruments at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 17,861 |  |  |  | 17,861 |
Other operating income |  |  | 4 |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  |  |  |  |  |  |  |  |  |  | 23 |  |  |  | 28 |
Credit loss expense on financial assets |  |  |  |  |  |  | (6,886 | ) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (6,886 | )
Administrative expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (167,219 | ) |  |  | (167,219 | )
Other operating expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (76,761 | ) |  |  | (76,761 | )
Income / (loss) |  |  | 4 |  |  |  | 50,243 |  |  |  | 307 |  |  |  | 1 |  |  |  | (8,775 | ) |  |  | (832,926 | ) |  |  | (266,931 | ) |  |  | (1,058,077 | )
(1) | These transactions are eliminated during the consolidation process.
(2) | Includes close family members of the key management personnel.
(3) | The maximum financing amount for loans and other financing as of December 31, 2020 for Macro Securities SA, Key management personnel and other related parties amounted to 714,987, 997,346 and 4,673,348, respectively.
|  | Information as of December 31, 2019 |
|  | Main subsidiaries (1) |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Macro Bank Limited |  |  | Macro Securities SA |  |  | Macro Fondos SGFCISA |  |  | Argenpay SAU |  |  | Associates |  |  | Key management personnel (2) |  |  | Other related parties |  |  | Total |
ASSETS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and deposit in banks |  |  | 653 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 653 |
Other financial assets |  |  |  |  |  |  | 160,385 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 71 |  |  |  | 160,456 |
Loans and other financing (3) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Documents |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 749,363 |  |  |  | 749,363 |
Overdraft |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 905,896 |  |  |  | 1,447,407 |  |  |  | 2,353,303 |
Credit Cards |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 52,752 |  |  |  | 32,082 |  |  |  | 84,834 |
Lease |  |  |  |  |  |  | 4,607 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 9,326 |  |  |  | 13,933 |
Mortgage loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 80,305 |  |  |  |  |  |  |  | 80,305 |
Other loans |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 455,560 |  |  |  | 455,560 |
Guarantee granted |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 777,992 |  |  |  | 777,992 |
Total Assets |  |  | 653 |  |  |  | 164,992 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1,038,953 |  |  |  | 3,471,801 |  |  |  | 4,676,399 |
LIABILIITES |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Deposits |  |  | 15 |  |  |  | 1,226,167 |  |  |  | 114,383 |  |  |  | 1,623 |  |  |  | 31,201 |  |  |  | 17,785,179 |  |  |  | 1,797,457 |  |  |  | 20,956,025 |
Other financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 124 |  |  |  | 793,437 |  |  |  | 793,561 |
Total Liabilities |  |  | 15 |  |  |  | 1,226,167 |  |  |  | 114,383 |  |  |  | 1,623 |  |  |  | 31,201 |  |  |  | 17,785,303 |  |  |  | 2,590,894 |  |  |  | 21,749,586 |
INCOME / (LOSS) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  | 13,000 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 102,201 |  |  |  | 307,541 |  |  |  | 422,742 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,865 | ) |  |  | (1,194,235 | ) |  |  | (339,661 | ) |  |  | (1,538,761 | )
Commissions income |  |  |  |  |  |  | 760 |  |  |  | 259 |  |  |  |  |  |  |  | 262 |  |  |  | 74 |  |  |  | 7,458 |  |  |  | 8,813 |
Net loss from measurement of financial instruments at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (54,322 | ) |  |  | (283,860 | ) |  |  | (338,182 | )
Other operating income |  |  | 5 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 43 |  |  |  | 48 |
Administrative expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (53,669 | ) |  |  | (53,669 | )
Other operating expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (139,868 | ) |  |  | (139,868 | )
Income / (loss) |  |  | 5 |  |  |  | 13,760 |  |  |  | 259 |  |  |  |  |  |  |  | (4,603 | ) |  |  | (1,146,282 | ) |  |  | (502,016 | ) |  |  | (1,638,877 | )
(1) | These transactions are eliminated during the consolidation process.
(2) | Includes close family members of the key management personnel.
(3) | The maximum financing amount for loans and other financing as of December 31, 2019 for Macro Securities SA, Key management personnel and other related parties amounted to 7,063, 1,120,919 and 4,899,400, respectively.
|  | Information as of December 31, 2018 |
|  | Main subsidiaries (1) |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Macro Bank Limited |  |  | Macro Securities SA |  |  | Macro Fondos SGFCISA |  |  | Associates |  |  | Key management personnel (2) |  |  | Other related parties |  |  | Total |
INCOME / LOSS |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 6,186 |  |  |  | 164,245 |  |  |  | 170,432 |
Interest expense |  |  |  |  |  |  | (8,004 | ) |  |  |  |  |  |  | (473,888 | ) |  |  | (855,016 | ) |  |  | (52,576 | ) |  |  | (1,389,484 | )
Commissions income |  |  |  |  |  |  | 997 |  |  |  | 246 |  |  |  | 287 |  |  |  | 50 |  |  |  | 14,306 |  |  |  | 15,886 |
Administrative expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (24,584 | ) |  |  | (24,584 | )
Other operating expenses |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,187,035 | ) (3) |  |  |  |  |  |  | (65,810 | ) |  |  | (3,252,845 | )
(Loss) / Income |  |  |  |  |  |  | (7,007 | ) |  |  | 246 |  |  |  | (3,660,636 | ) |  |  | (848,780 | ) |  |  | 35,581 |  |  |  | (4,480,595 | )
(1) | These transactions are eliminated during the consolidation process.
(2) | Includes close members family of the key management personnel.
(3) | These losses were mainly generated by debit and credit cards processing expenses billed by Prisma Medios de Pago SA.
Transactions generated by the Bank with its related parties for transactions arranged within the course of the usual and ordinary course of business were performed in normal market conditions, both as to interest rates and prices and as to the required guarantees.
Composition of Board of Directors and Key Management Personnel | Additionally, the composition of the Board of Directors and key management personnel of the Bank and its subsidiaries is as follows:
|  | 12/31/2020 |  |  | 12/31/2019 |
Board of Directors |  |  | 22 |  |  |  | 24 |
Senior managers of the key management personnel |  |  | 11 |  |  |  | 10 |
|  | 33 |  |  | 34 |

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