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Consolidated Statements of Income - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Statement [LineItems]      
Interest income $ 225,432,183 $ 237,099,433 $ 311,458,574
Interest expense (94,433,865) (91,823,708) (131,837,943)
Net Interest income 130,998,318 145,275,725 179,620,631
Commissions income 36,984,075 37,347,136 39,950,749
Commissions expense (3,530,951) (3,090,218) (3,308,327)
Net Commissions income 33,453,124 34,256,918 36,642,422
Subtotal (Net Interest income Plus Net Commissions income) 164,451,442 179,532,643 216,263,053
Net gain from measurement of financial instruments at fair value 16,684,661 21,099,670 16,301,331
Profit from sold or derecognized assets at amortized cost 244,053 1,951,429 56,338
Differences in quoted prices of gold and foreign currency 4,647,686 6,384,364 7,186,704
Other operating income 7,829,104 8,105,211 15,774,926
Credit loss expense on financial assets (2,595,721) (11,866,426) (8,932,537)
Net Operating Income before expenses, depreciation and amortization 191,261,225 205,206,891 246,649,815
Employee benefits (39,481,224) (40,148,367) (43,569,819)
Administrative expenses (20,091,917) (21,946,715) (26,304,635)
Depreciation and amortization of fixed assets (7,125,708) (6,645,030) (6,177,886)
Other Operating Expenses (34,203,944) (30,908,232) (45,415,936)
Net Operating Income after expenses, depreciation and amortization 90,358,432 105,558,547 125,181,539
Income /(Loss) from associates and joint arrangements 87,497 (10,348) 1,846,203
Loss on net monetary position (66,386,613) (46,376,595) (57,861,065)
Income before tax on continuing operations 24,059,316 59,171,604 69,166,677
Income tax on continuing operations (1,186,032) (19,693,276) (26,593,127)
Net Income from continuing operations 22,873,284 39,478,328 42,573,550
Net Income for the fiscal year 22,873,284 39,478,328 42,573,550
Net Income for the fiscal year attributable to controlling interest 22,872,537 39,477,783 42,573,192
Net Income for the fiscal year attributable to non-controlling interest $ 747 $ 545 $ 358
Basic earnings per share $ 35.7711 $ 61.7407 $ 66.5828