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Consolidated Statements of Income
$ in Thousands
12 Months Ended
Dec. 31, 2020
ARS ($)
$ / shares
Dec. 31, 2019
ARS ($)
$ / shares
Dec. 31, 2018
ARS ($)
$ / shares
Statement [LineItems]      
Interest income $ 157,080,212 $ 206,343,721 $ 163,660,400
Interest expense (60,833,919) (87,343,660) (63,205,058)
Net Interest income 96,246,293 119,000,061 100,455,342
Commissions income 24,742,767 26,467,679 29,951,869
Commissions expense (2,047,292) (2,191,792) (1,947,749)
Net Commissions income 22,695,475 24,275,887 28,004,120
Subtotal (Net Interest income +Net Commissions income) 118,941,768 143,275,948 128,459,462
Net gain from measurement of financial instruments at fair value 13,978,694 10,799,758 2,641,829
Profit/ (Loss) from sold or derecognized assets at amortized cost 1,292,836 37,325 (12,837)
Differences in quoted prices of gold and foreign currency 4,229,690 4,761,247 (3,665,529)
Other operating income 5,369,762 10,450,998 7,378,344
Credit loss expense on financial assets (7,861,600) (5,917,873) (6,073,426)
Net Operating Income before expenses, depreciation and amortization 135,951,150 163,407,403 128,727,843
Employee benefits (26,598,602) (28,865,342) (26,129,057)
Administrative expenses (14,539,871) (17,427,021) (17,326,119)
Depreciation and amortization of fixed assets (4,402,387) (4,092,898) (3,085,766)
Other Operating Expenses (20,476,936) (30,088,399) (25,885,979)
Net Operating Income after expenses, depreciation and amortization 69,933,354 82,933,743 56,300,922
(Loss) / Income from associates and joint arrangements (6,856) 1,223,124 557,706
Loss on net monetary position (30,724,854) (38,333,403) (38,523,196)
Income before tax on continuing operations 39,201,644 45,823,464 18,335,432
Income tax on continuing operations (13,046,950) (17,618,151) (19,835,151)
Net Income / (Loss) from continuing operations 26,154,694 28,205,313 (1,499,719)
Net Income / (Loss) for the fiscal year 26,154,694 28,205,313 (1,499,719)
Net Income / (Loss) for the fiscal year attributable to controlling interest 26,154,332 28,205,071 (1,500,074)
Net Income for the fiscal year attributable to non-controlling interest $ 362 $ 242 $ 355
Basic earnings / (loss) per share | (per share) $ 40.9037 $ 44.1116 $ (2.2689)