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Provisions

12 Months Ended

Dec. 31, 2020

22.	PROVISIONS

This item includes the amounts estimated to face a liability of probable occurrence, which if occurring, would originate a loss for the Bank.

The changes in provisions during the fiscal years ended on December 31, 2020 and 2019 are as follow:


Item	Amounts at beginning of fiscal year				Decreases							12/31/2020
Item	Amounts at beginning of fiscal year		Increases		Reversals		Charge off		Monetary effects			12/31/2020
For administrative, disciplinary and criminal penalties		977								(259	)		718
Letters of credit, guarantees and other Commitments (1)		23,514		16,268				8,623		(7,959	)		23,200
Commercial claims in progress		1,142,840		200,844		8		349,776		(304,783	)		689,117
Labor lawsuits		241,424		107,345				52,998		(68,020	)		227,751
Pension funds - reimbursement		217,622		15,596				105,239		(39,128	)		88,851
Other		379,675		798,227				753,095		(143,927	)		280,880

Total provisions		2,006,052		1,138,280		8		1,269,731		(564,076	)		1,310,517


Item	Amounts at beginning of fiscal year				Decreases							12/31/2019
Item	Amounts at beginning of fiscal year		Increases		Reversals		Charge off		Monetary effects			12/31/2019
For administrative, disciplinary and criminal penalties		1,503								(526	)		977
Letters of credit, guarantees and other Commitments (1)		22,472		10,981						(9,939	)		23,514
Commercial claims in progress		1,196,640		423,531				19,742		(457,589	)		1,142,840
Labor lawsuits		230,566		179,678				61,518		(107,302	)		241,424
Pension funds – reimbursement		260,269		163,619		36,725		75,717		(93,824	)		217,622
Other		501,385		1,032,083				995,708		(158,085	)		379,675

Total provisions		2,212,835		1,809,892		36,725		1,152,685		(827,265	)		2,006,052

(1)	These amounts correspond to the ECL calculated for contingent transactions mentioned in note 10.

The expected terms to settle these obligations are as follows:


	12/31/2020						12/31/2019
	Within 12 months		Beyond 12 Months		12/31/2020		12/31/2019
For administrative, disciplinary and criminal penalties		718				718		977
Letters of credits, guarantees and other Commitments (1)		23,200				23,200		23,514
Commercial claims in progress		434,658		254,459		689,117		1,142,840
Labor lawsuits		47,239		180,512		227,751		241,424
Pension funds - reimbursement		32,005		56,846		88,851		217,622
Other		250,179		30,701		280,880		379,675

	787,999		522,518		1,310,517		2,006,052

(1)	These amounts correspond to the ECL calculated for contingent transactions are mentioned in note 10.

In the opinion of the Management of the Bank and its legal counsel, there are no other significant effects than those disclosed in these consolidated financial statements, the amounts and settlement terms of which have been recognized based on the current value of such estimates, considering the probable settlement date thereof.