Investment Portfolio - Government and Corporate Securities

12 Months Ended

Dec. 31, 2021

Disclosure Of Investment Portfolio Of Government And Corporate Securities Explanatory

45. Investment Portfolio - Government and Corporate Securities

The Group owns, manages and trades a portfolio of securities issued by the Argentine and other governments and corporate issuers. The following table sets out the Group’s investments in Argentine and other governments and corporate securities as of December 31, 2021, 2020 and 2019 by type and currency of denomination.


	As of December 31,
	2021		2020		2019
	(in thousands of pesos)
Government securities
In pesos:
Argentine Government bonds		65,998,096		56,441,307		17,921,948
Argentine Treasury bills		14,331,804		1,381,496		—
Other debt securities		—		—		106,249
Liquidity Bills issued by the BCRA		107,693,328		135,681,602		67,938,336

Total government securities in pesos		188,023,228		193,504,405		85,966,533

In foreign currency:
Argentine Government bonds		1,618,363		107		—
Argentine Treasury bills		—		—		15,092,617

Total government securities in foreign currency		1,618,363		107		15,092,617

Total government securities		189,641,591		193,504,512		101,059,150

Corporate securities
Listed
Equity securities		36,083		43,018		56,242

Total corporate securities - listed		36,083		43,018		56,242

Unlisted
Equity securities		—		—		6,526,952
Debt securities		1,360,297		435,237		336,671

Total corporate securities - unlisted		1,360,297		435,237		6,863,623

Investment funds

Total investment funds		1,905,039		2,221,661		2,006,796

The table below presents the issuer of which, as of December 31, 2021, the Group held securities in excess of 10% of the stockholder equity as of such date:


Issuer	Book value		Market value
	(in thousands of pesos)
BCRA		107,693,328		107,693,328
Argentine Government		81,948,263		81,948,263