XML 72 R48.htm IDEA: XBRL DOCUMENT
v3.19.1

Note 42 - Segment Reporting | 12 Months Ended
--- | ---
Dec. 31, 2018
Segment Reporting Abstract |
Disclosure of Segment Reporting | 42. Segment reporting Basis for segmentation The Bank identified the operating segments based on the management information reviewed by the chief operating decision maker: As of December 31, 2018, the Bank has determined that it has only one reporting segment related to banking activities; and As of December 31, 2017 and January 1, 2017, the information presented to the chief operating decision maker was prepared based on the following operating segments: (i) BBVA Banco Francés S.A. (banking), and (ii) Volkswagen Financial Services Compañía Financiera S.A. (financial services), each considered by the Bank as a single reportable segment. As a consequence of the Bank loss of control in Volkswagen Financial Se rvices Compañía Financiera S.A., it was no longer considered a separate segment as of December 31, 2018. Reportable segments are strategic business units offering different products and services. They are managed separately because each segment is aimed at different markets and consequently requires different commercialization technologies and strategies. During 2017, the Bank updated its internal business segment information adding the analysis of loans and deposits per lines of business (corporate banking, small and medium enterprises and retail). Most of the Bank’s operations, property and customers are located in Argentina. No customer has generated 10% or more of the Bank’s total income. The following tables present information regarding business segmen ts:
BBVA Banco Francés S.A. (bank) (1) | Total as of December 31, 2018
Financial assets at amortized cost - Loans and advances | 181,584,755
Corporate banking | 52,196,585
Small and medium companies | 52,444,965
Retail | 76,943,205
Other assets | 179,957,694
TOTAL ASSETS | 361,542,449
Financial liabilities at amortized cost – Deposits | 259,509,061
Corporate banking | 29,668,066
Small and medium companies | 49,240,049
Retail | 180,600,946
Other liabilities | 56,491,247
TOTAL LIABILITIES | 316,000,308
| BBVA Banco Francés S.A. (bank) (1) | VWFS (financial services) | Total as of December 31, 2017
Financial assets at amortized cost - Loans and advances | 182,103,050 | 6,912,208 | 189,015,258
Corporate banking | 45,101,039 | - | 45,101,039
Small and medium companies | 60,485,186 | 2,968,823 | 63,454,009
Retail | 76,516,825 | 3,943,385 | 80,460,210
Other assets | 129,564,626 | 203,208 | 129,767,834
TOTAL ASSETS | 311,667,676 | 7,115,416 | 318,783,092
Financial liabilities at amortized cost - Deposits | 227,277,754 | - | 227,277,754
Corporate banking | 19,489,209 | - | 19,489,209
Small and medium companies | 46,547,108 | - | 46,547,108
Retail | 161,241,437 | - | 161,241,437
Other liabilities | 41,360,393 | 628,290 | 41,988,683
TOTAL LIABILITIES | 268,638,147 | 628,290 | 269,266,437
| BBVA Banco Francés S.A. (bank) (1) | VWFS (financial services) | Total as of January 1, 2017
Financial assets at amortized cost - Loans and advances | 143,102,464 | 2,921,322 | 146,023,786
Other assets | 139,197,347 | 355,095 | 139,552,442
TOTAL ASSETS | 282,299,811 | 3,276,417 | 285,576,228
Financial liabilities at amortized cost - Deposits | 211,175,430 | - | 211,175,430
Other liabilities | 35,405,968 | 473,096 | 35,879,064
TOTAL LIABILITIES | 246,581,398 | 473,096 | 247,054,494
The information by segment showed in the following table includes Volkswagen Financial Services Compañía Financiera S.A. up to the date of loss of control (see Note 43).
| BBVA Banco Francés S.A. (bank) (1) | VWFS (financial services) | Total as of December 31, 2018
Net interest income | 29,846,394 | 1,887,939 | 31,734,333
Net fee and commission income | 7,099,610 | (26,417) | 7,073,193
Gains (losses) on financial assets and liabilities at fair value through profit or loss, net | 115,843 | - | 115,843
Gains (losses) on derecognition of financial assets not measured at fair value through profit or loss | (136,740) | - | (136,740)
Exchange differences, net | 6,483,514 | 5,512 | 6,489,026
Other operating income | 2,104,700 | 2,277 | 2,106,977
TOTAL OPERATING INCOME BEFORE FINANCIAL ASSETS IMPAIRMENT LOSS | 45,513,321 | 1,869,311 | 47,382,632
Impairment of financial assets | (3,807,779) | (26,257) | (3,834,036)
SUBTOTAL | 41,705,542 | 1,843,054 | 43,548,596
Total operating expenses | (29,091,845) | (353,373) | (29,445,218)
Share of profit of equity accounted investees | 317,523 | - | 317,523
PROFIT BEFORE TAX | 12,931,220 | 1,489,681 | 14,420,901
Income tax expense | (4,196,023) | (140,347) | (4,336,370)
Loss on net monetary position | (11,316,187) | (338,047) | (11,654,234)
(LOSS) PROFIT FOR THE YEAR | (2,580,990) | 1,011,287 | (1,569,703)
Attributable to: |  |  |
Shareholders of the Controlling Entity |  |  | (1,489,732)
Non-controlling interest |  |  | (79,971)
| BBVA Banco Francés S.A. (bank) (1) | VWFS (financial services) | Total as of December 31, 2017
Net interest income | 22,295,327 | 1,459,536 | 23,754,863
Net fee and commission income | 5,925,477 | (35,544) | 5,889,933
Gains (losses) on financial assets and liabilities at fair value through profit or loss, net | 4,361,298 | - | 4,361,298
Gains (losses) on derecognition of financial assets not measured at fair value through profit or loss | 11,983 | - | 11,983
Exchange differences, net | 3,377,003 | 175 | 3,377,178
Other operating income | 1,942,635 | 543 | 1,943,178
TOTAL OPERATING INCOME BEFORE FINANCIAL ASSETS IMPAIRMENT LOSS | 37,913,723 | 1,424,710 | 39,338,433
Impairment of financial assets | (2,471,956) | (55,866) | (2,527,822)
SUBTOTAL | 35,441,767 | 1,368,844 | 36,810,611
Total operating expenses | (28,075,884) | (331,258) | (28,407,142)
Share of profit of equity accounted investees | 338,313 | - | 338,313
PROFIT BEFORE TAX | 7,704,196 | 1,037,586 | 8,741,782
Income tax expense | (651,974) | (70,518) | (722,492)
Loss on net monetary position | (5,955,743) | (204,036) | (6,159,779)
PROFIT FOR THE YEAR | 1,096,479 | 763,032 | 1,859,511
Attributable to: |  |  |
Shareholders of the Controlling Entity |  |  | 1,903,820
Non-controlling interest |  |  | (44,309)
(1).Includes BBVA Francés Asset Management S.A. Sociedad Gerente de Fondos Comunes de Inversión, BBVA Francés Valores S.A. and Consolidar A.F.J.P. (undergoing liquidation proceedings).

X
- References No definition available. + Details
Name: | bfr_Disclosureofsegmentreporting
Namespace Prefix: | bfr_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | bfr_Disclosureofsegmentreportingabstract
Namespace Prefix: | bfr_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration