22.1

The Bank as a lessee

The Bank has lease contracts mainly for real properties recognized in the item “Property, plant and equipment”. Generally, the Bank is restricted from assigning or subleasing the leased assets.

As of December 31, 2021 and 2020, the carrying amount of assets recognized for the right-of-use assets identified in the lease contracts, depreciation expense for the fiscal year and the additions to right-of-use assets are disclosed in note 16.

Set out below are the carrying amounts of lease liabilities and the movements during the fiscal year:


Movements	2021			2020			2019
At the beginning of the fiscal year		1,774,360			1,884,261			1,231,934
Additions		493,879			574,879			1,018,526
Accretion of interest (see note 39)		218,729			272,881			250,636
Difference in foreign currency		223,436			440,760			559,965
Payments		(624,540	)		(847,948	)		(471,478	)
Monetary effects		(665,692	)		(550,473	)		(705,322	)

At the end of the fiscal year (see note 21)		1,420,172			1,774,360			1,884,261

The short term leases were recognized as expense for an amount of 7,985, 8,553 and 229,202 for the years ended December 31, 2021, 2020 and 2019, respectively.

The table below shows the maturity of the lease liabilities as of December 31, 2021 and 2020:


Lease liabilities	Up to 1 month		Over 1 month and up to 3 months		Over 3 months and up to 6 months		Over 6 months and up to 12 months		Total up to 12 months		Over 12 months and up to 24 months		Over 24 months		Total over 12 months
Balances as of 12/31/2021		60,516		105,346		144,584		244,990		555,436		369,565		495,171		864,736
Balances as of 12/31/2020		69,633		126,067		163,216		268,776		627,692		377,839		768,829		1,146,668

22.2

The Bank as a lessor

The Bank, as lessor, entered into financial lease contracts, under the usual characteristics of this kind of transactions, without there being any issues that may differentiate them in any aspect from those performed in the Argentine financial market in general. The lease contracts in force do not represent significant balances with respect to the total financing granted by the Bank.

The following table shows the reconciliation between the total gross investment of financial leases and the current value of the minimum payment receivables for such leases:


	12/31/2021				12/31/2020
	Current value of minimum payments		Total gross Investment		Current value of minimum payments		Total gross Investment
Up to 1 year		230,863		111,891		154,384		121,369
From 1 to 5 years		550,935		366,099		89,494		57,591

Total		781,798		477,990		243,878		178,960

Income for non-accrued interests amounted to 303,808 and 64,918, for the years ended December 31, 2021 and 2020, respectively.