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Business Combinations | 12 Months Ended
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Dec. 31, 2021
Disclosure of detailed information about business combination [abstract] |
BUSINESS COMBINATIONS |
14 | BUSINESS COMBINATIONS
On October 1, 2021, the Bank exercised a call option to reach 24.99% of the equity interest in Fintech SGR, being this a structured entity in which the B ank has control (see also note 1 and 3 item “consolidation basis”). Assets acquired and liabilities assumed The fair value of the identifiable assets and liabilities of Fintech SGR and the risk fund (“Fondo de Riesgo”), as of the date of acquisition, were as follows (figures stated in terms of purchasing power at the acquisition date):
Composition |  | Fair value recognized on acquisition |
| SGR |  |  | Risk fund |
Assets |  |  | 59,361 |  |  |  | 859,015 |
Cash and deposits in Banks |  |  | 250 |  |  |  | 92,780 |
Debt Securities at fair value through profit or loss |  |  |  |  |  |  | 622,174 |
Other financial assets |  |  | 39,571 |  |  |  | 143,660 |
Property, plant and equipment |  |  | 569 |  |  |  |  |
Deferred tax assets |  |  | 3,965 |  |  |  |  |
Other non-financial assets |  |  | 15,006 |  |  |  | 401 |
Liabilities |  |  | 50,195 |  |  |  | 859,015 |
Other financial liabilities |  |  |  |  |  |  | 851,420 |
Other non-financial liabilities |  |  | 50,195 |  |  |  | 7,595 |
Net assets acquired at fair value |  |  | 9,166 |  |  |  |  |
The goodwill generated by the acquisition of Fintech SGR arising from the acquisition date amounted to 22,824 (not restated). The total consideration transferred amounted to 33,488 (not restated) and it was performed through an irrevocable capital contribution made by the Bank in order to increase the capital stock of Fintech SGR, which was approved by the Fintech SGR’s Ordinary and Special Shareholders’ Meeting involving class “A” and class “B”, held on October 18, 2021.

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- Definition The entire disclosure for business combinations. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 3 -IssueDate 2021-01-01 -Section Disclosures -URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=3&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS03_g59-63__IFRS03_g59-63_TI -URIDate 2021-03-24 + Details
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