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Note 40 - Financial Instruments Risks (Tables) | 12 Months Ended
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Dec. 31, 2018
Financial Instruments Risks Abstract |
Table of Exposure to Credit Risk |
Detail | December 31, 2018 | December 31, 2017 | January 1, 2017
Financial assets at amortized cost |  |  |
Cash and cash equivalents | 99,105,461 | 56,453,684 | 88,746,425
Reverse repurchase agreements | 12,861,116 | 9,345,877 | 107,461
Other financial assets | 9,237,237 | 3,414,951 | 1,234,350
Loans and advances | 185,682,307 | 191,774,986 | 147,725,369
Financial assets at fair value through profit or loss |  |  |
Debt securities | 7,508,099 | 8,588,127 | 6,764,936
Derivatives | 591,418 | 210,756 | 98,987
Financial assets at fair value through other comprehensive income |  |  |
Debt securities | 24,821,610 | 25,207,899 | 17,216,324
Total | 339,807,248 | 294,996,280 | 261,893,852
Financial guarantees and loan commitments |  |  |
Advances and loans agreed not used | 140,535,333 | 162,099,880 | 127,401,476
Guarantees granted | 1,889,557 | 1,164,947 | 729,939
Liabilities from foreign trade transactions | 141,321 | 158,598 | 179,588
Letters of credit | 462,080 | 519,399 | 461,670
Total | 143,028,291 | 163,942,824 | 128,772,673
Table of Credit Quality of Assets |
| Notes | December 31, 2018 | Stage 1 | Stage 2 | Stage 3
Financial assets at fair value through |  |  |  |
other comprehensive income | 24,563,962 | 24,563,962 | - | -
Debt securities | 15.1 | 24,550,036 | 24,550,036 | - | -
Equity instruments | 15.2 | 13,926 | 13,926 | - | -
Financial assets at amortized cost |  | 203,541,121 | 189,775,619 | 11,961,349 | 1,804,152
Other financial assets | 10.1 | 9,237,235 | 9,237,235 | - | -
Loans and advances to government sector |  | 206 | 206 | - | -
Loans and advances to central banks |  | 383 | 383 | - | -
Loans and advances to financial institutions | 10.2 | 9,635,845 | 9,635,845 | - | -
Loans and advances to customers | 10.3 | 171,948,321 | 158,182,820 | 11,961,349 | 1,804,152
Reverse repurchase agreements | 10.4 | 12,719,131 | 12,719,131 | - | -
Total financial assets risk |  | 228,105,083 | 214,339,581 | 11,961,349 | 1,804,152
Total loan commitments and financial guarantees | 40 | 142,669,962 | 135,838,603 | 6,758,808 | 72,551
Total credit exposure |  | 370,775,045 |  |  |
Table of Impaired Financial Assets Comparative Information Under IAS 39 |
December 31, 2017 | Past due but not impaired | Impaired assets | Carrying amount of the impaired assets | Specific allowances for financial assets, individually and collectively estimated | Accumulated write-offs
| ≤ 30 days | > 30 days ≤ 60 days | > 60 days ≤ 90 days |  |  |  |
Loans and advances | 13,102,816 | 830,629 | 449,583 | 1,329,332 | 605,250 | (724,082) | 1,237,638
Other financial corporations | 24,411 | 18 | 41 | 2,825 | 539 | (2,286) | -
Non-financial corporations | 9,113,109 | 169,483 | 118,323 | 245,692 | 65,390 | (180,302) | 283,463
Households | 3,965,296 | 661,128 | 331,219 | 1,080,815 | 539,321 | (541,494) | 954,175
TOTAL | 13,102,816 | 830,629 | 449,583 | 1,329,332 | 605,250 | (724,082) | 1,237,638
Loans and advances by product, by collateral and by subordination |  |  |  |  |  |  |
On demand (call) and short notice (current account) | 885,702 | 34,177 | 20,279 | 180,675 | 70,655 | (110,020) |
Credit card debt | 1,893,593 | 392,728 | 229,444 | 576,860 | 273,746 | (303,114) |
Trade receivables | - | 894 | 438 | 660 | 314 | (346) |
Finance leases | 355,127 | 46,686 | 16,893 | 27,981 | 6,153 | (21,828) |
Other term loans | 9,968,394 | 356,144 | 182,529 | 543,156 | 254,382 | (288,774) |
January 1, 2017 | Past due but not impaired | Impaired assets | Carrying amount of the impaired assets | Specific allowances for financial assets, individually and collectively estimated | Accumulated write-offs
| ≤ 30 days | > 30 days ≤ 60 days | > 60 days ≤ 90 days |  |  |  |
Loans and advances | 6,127,201 | 765,035 | 377,786 | 1,098,446 | 467,656 | (630,790) | 1,523,729
Other financial corporations | 1,491 | 159 | 33 | 188 | 66 | (122) | -
Non-financial corporations | 3,619,090 | 172,968 | 77,929 | 109,572 | 37,070 | (72,502) | 364,954
Households | 2,506,620 | 591,908 | 299,824 | 988,686 | 430,520 | (558,166) | 1,158,775
TOTAL | 6,127,201 | 765,035 | 377,786 | 1,098,446 | 467,656 | (630,790) | 1,523,729
Loans and advances by product, by collateral and by subordination |  |  |  |  |  |  |
On demand (call) and short notice (current account) | 821,481 | 31,110 | 34,190 | 389,279 | 149,572 | (239,707) |
Credit card debt | 1,353,988 | 346,850 | 211,800 | 194,460 | 76,884 | (117,576) |
Trade receivables | - | 859 | 744 | 273 | 233 | (40) |
Finance leases | 282,119 | 32,665 | 5,465 | 17,217 | 9,382 | (7,835) |
Other term loans | 3,669,613 | 353,551 | 125,587 | 497,217 | 231,585 | (265,632) |
Table of Impaired Financial Assets at Amortised Cost |
|  | Of which secured by collateral
December 31, 2018 | Maximum exposure to credit risk | Residential properties | Commercial Properties | Cash | Others | Financial
Impaired financial assets at amortized cost | 3,753,483 | 6,955 | - | - | 29,790 | -
Total | 3,753,483 | 6,955 | - | - | 29,790 | -
Table of Evolution of Total VaR |
VaR (in millions of pesos) |  |  |
| December 31, 2018 | December 31, 2017 | January 1, 2017
Average | 22.86 | 48.39 | 15.63
Minimum | 4.97 | 10.29 | 2.55
Maximum | 97.37 | 85.04 | 39.6
Closing | 49.36 | 43.33 | 27.35
VaR per risk factors – (in millions of pesos) |  |  |
VaR interest rate | December 31, 2018 | December 31, 2017 | January 1, 2017
Average | 19 | 35.14 | 10.63
Minimum | 3.13 | 9.42 | 0.38
Maximum | 93.76 | 57.36 | 24.95
Closing | 49.9 | 43.38 | 13.35
VaR foreign exchange rate | December 31, 2018 | December 31, 2017 | January 1, 2017
Average | 9.64 | 30.5 | 9.91
Minimum | 0.28 | 0.99 | 0.41
Maximum | 37.98 | 80.91 | 41.17
Closing | 2.65 | 1.66 | 24.7
Table of Position in Foreign Currency |
|  | As of December 31, 2018 (per currency) |
ASSETS | Total as of December 31, 2018 | US Dollar | Euro | Real | Other | Total as of December 31, 2017
Cash and cash equivalents | 52,490,186 | 49,802,789 | 2,620,362 | 9,561 | 57,474 | 31,387,948
Financial assets at fair value through profit or loss - Debt securities | 6,968 | 6,968 | - | - | - | 1,029,268
Reverse repurchase agreements | 12,706,363 | 12,706,363 | - | - | - | 6,456,412
Other financial assets | 1,679,077 | 1,674,896 | 4,181 | - | - | 1,140,519
Loans and advances | 60,635,907 | 60,393,438 | 242,469 | - | - | 41,610,971
Financial assets at fair value through other comprehensive income - Debt securities | 3,342,069 | 3,342,069 | - | - | - | 6,057,488
Other assets | 220,615 | 220,615 | - | - | - | 161,384
Equity instruments | 13,701 | 13,701 | - | - | - | 15,426
TOTAL ASSETS | 131,094,886 | 128,160,839 | 2,867,012 | 9,561 | 57,474 | 87,859,416
LIABILITIES |  |  |  |  |  |
Deposits | 114,494,962 | 112,293,972 | 2,200,990 | - | - | 80,244,448
Trading liabilities | 34,797 | 34,797 | - | - | - | -
Other financial liabilities | 5,323,354 | 5,122,087 | 172,140 | - | 29,127 | 3,159,481
Bank loans | 5,400,682 | 5,162,530 | 238,152 | - | - | 440,837
Other liabilities | 946,530 | 931,543 | 14,987 | - | - | 495,837
TOTAL LIABILITIES | 126,200,325 | 123,544,929 | 2,626,269 | - | 29,127 | 84,340,603
Table of Forward Transactions and Foreign Currency Forwards |
| December 31, 2018 | December 31, 2017
Foreign Currency Forwards |  |
Foreign currency forward purchases - US$ | 620,651 | 658,575
Foreign currency forward sales - US$ | 760,615 | 645,582
Foreign currency forward sales - Euros | 5,463 | 4,818
Table of Sensitivity of the Economic Value SEV |
SEV +100 bps | December 31, 2018 | December 31, 2017 | January 1, 2017
Closing | 1.43% | 1.53% | 1.03%
Minimum | 1.01% | 0.80% | 0.68%
Maximum | 2.05% | 1.65% | 1.33%
Average | 1.61% | 1.13% | 0.94%
Table of Sensitivity of the Financial Margin SFM |
SFM -100 bps | December 31, 2018 | December 31, 2017 | January 1, 2017
Closing | 2.14% | 2.18% | 0.03%
Minimum | 1.98% | 0.03% | 0.02%
Maximum | 2.73% | 2.18% | 0.37%
Average | 2.26% | 0.34% | 0.17%
Table of the Progress of LCR Ratios |
| December 31, 2018 | December 31, 2017 | January 1, 2017
LCR | 291% | 289% | 519%
Table of Concentration of Deposits |
| December 31, 2018 | December 31, 2017 | January 1, 2017
Number of customers | Debt balance | % over total portfolio | Debt balance | % over total portfolio | Debt balance | % over total portfolio
10 largest customers | 15,293,060 | 5.89% | 8,292,309 | 3.65% | 7,458,824 | 3.53%
50 following largest customers | 15,553,822 | 5.99% | 12,694,213 | 5.59% | 11,983,068 | 5.67%
100 following largest customers | 10,544,960 | 4.06% | 9,108,019 | 4.01% | 8,306,965 | 3.93%
Rest of customers | 218,117,219 | 84.06% | 197,183,213 | 86.75% | 183,426,573 | 86.87%
TOTAL | 259,509,061 | 100.00% | 227,277,754 | 100.00% | 211,175,430 | 100.00%
Table of Breakdown by Contractual Maturity of Financial Liabilities |
| December 31, 2018 | December 31, 2017 | January 1, 2017
Up to 1 month | 266,884,948 | 232,125,851 | 209,749,986
Up to 3 months | 22,849,556 | 20,593,707 | 19,258,225
Up to 6 months | 8,841,997 | 4,885,994 | 7,219,098
Up to 12 months | 3,328,772 | 3,015,744 | 2,338,617
Up to 24 months | 1,809,415 | 2,621,721 | 1,497,820
More than 24 months | 37,788 | 995,031 | 1,075,223
TOTAL | 303,752,476 | 264,238,048 | 241,138,969
Table of Financial Assets and Liabilities Expected to be Collected or Paid Twelve Months After the End of the Reporting Period |
| December 31, 2018 | December 31, 2017 | January 1, 2017
Financial assets |  |  |
Reverse repurchase agreements | 9,452,831 | - | -
Loans and advances | 45,949,271 | 46,934,159 | 27,339,160
Debt securities | 7,282,999 | 3,411,973 | 7,035,790
Total | 62,685,101 | 50,346,132 | 34,374,950
Financial liabilities |  |  |
Deposits | 39,393 | 582,141 | 327,768
Other financial liabilities | 854,162 | - | 41,159
Bank loans | 168,972 | 191,040 | 2,436
Debt securities issued | 507,780 | 2,318,299 | 1,701,694
Total | 1,570,307 | 3,091,480 | 2,073,057

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