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Credit risk exposure and allowances

12 Months Ended

Dec. 31, 2021

Disclosure of impairment loss and reversal of impairment loss [abstract]

Credit risk exposure and allowances

12. Credit risk exposure and allowances

The table below sets forth the changes during 2021 and 2020 in the credit risk exposure and the impairment allowances booked under IFRS 9 in the accompanying consolidated statement of financial position or reversal of estimated impairment of financial assets at amortized cost, financial assets at fair value through other comprehensive income, loan commitments and financial guarantees:

December 31, 2021

CREDIT RISK EXPOSURE - FINANCIAL ASSETS (1)		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2020			718,855,269				109,266,529				6,417,421				4,435,828				3,770,070				842,745,117
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(104,528,389	)			104,713,829				—				—				—				185,440
Transfers from Stage 2 to Stage 1			79,598,231				(75,659,676	)			(2,713,765	)			—				—				1,224,790
Transfers from Stage 1 or 2 to Stage 3			(1,662,339	)			(13,236,075	)			(225,215	)			14,989,534				229,684				95,589
Transfers from Stage 3 to Stage 1 or 2			237,926				42,246,400				12,776				(40,016,232	)			(153,585	)			2,327,285
Changes without transfers between Stages			55,994,655				(29,956,794	)			5,850,172				57,330,421				390,105				89,608,559
New financial assets originated			3,246,870,356				110,398,370				4,064,415				697,454				646,986				3,362,677,581
Repayments			(2,961,721,392	)			(85,799,667	)			(6,506,735	)			(22,825,251	)			(652,300	)			(3,077,505,345	)
Write-offs			1				274				—				(5,278,113	)			(60,190	)			(5,338,028	)
Foreign exchange			4,508,388				2,340,419				780,431				1,665				202,368				7,833,271
Inflation adjustment			(290,742,842	)			(44,041,646	)			(2,602,873	)			(2,746,644	)			(1,341,067	)			(341,475,072	)
Closing balance as of December 31, 2021			747,409,864				120,271,963				5,076,627				6,588,662				3,032,071				882,379,187

(1) Refer to Note 39 for credit risk exposure of financial assets with stage allocation by asset classification.

December 31, 2020

CREDIT RISK EXPOSURE - FINANCIAL ASSETS (1)		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2019			430,242,696				70,739,530				3,570,279				8,190,743				7,800,313				520,543,561
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(145,717,129	)			148,647,990				196,592				—				—				3,127,453
Transfers from Stage 2 to Stage 1			104,012,910				(99,384,248	)			(60,786	)			—				—				4,567,876
Transfers from Stage 1 or 2 to Stage 3			(18,493,321	)			(9,094,920	)			(3,006,467	)			32,563,733				3,084,594				5,053,619
Transfers from Stage 3 to Stage 1 or 2			1,371,852				1,191,491				(2,136	)			(2,960,713	)			(56,709	)			(456,215	)
Changes without transfers between Stages			144,597,245				21,009,576				5,655,441				(33,405,471	)			(5,031,558	)			132,825,233
New financial assets originated			2,330,161,587				31,969,241				2,015,984				39,251,865				9,509,650				2,412,908,327
Repayments			(1,980,714,479	)			(45,958,502	)			(977,042	)			(21,770,852	)			(5,642,719	)			(2,055,063,594	)
Write-offs			—				12				—				(6,503,338	)			(5,707,846	)			(12,211,172	)
Foreign exchange			13,479,207				8,594,121				838,819				58,580				1,102,979				24,073,706
Inflation adjustment			(160,085,299	)			(18,447,762	)			(1,813,263	)			(10,988,719	)			(1,288,634	)			(192,623,677	)
Closing balance as of December 31, 2020			718,855,269				109,266,529				6,417,421				4,435,828				3,770,070				842,745,117

(1) Refer to Note 39 for credit risk exposure of financial assets with stage allocation by asset classification.

December 31, 2021

CREDIT RISK EXPOSURE - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2020			86,976,162				7,235,777				154,067				12,766				746				94,379,518
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(17,053,375	)			14,945,617				—				—				—				(2,107,758	)
Transfers from Stage 2 to Stage 1			16,601,710				(14,915,384	)			(147,516	)			—				—				1,538,810
Transfers from Stage 1 or 2 to Stage 3			(107,443	)			(101,189	)			(955	)			145,440				—				(64,147	)
Transfers from Stage 3 to Stage 1 or 2			44,933				48,726				—				(86,996	)			—				6,663
Changes without transfers between Stages			9,710,339				2,735,747				302,901				(3,885	)			(540	)			12,744,562
New loan commitments and financial guarantees originated			93,818,187				1,788,445				153,411				12,953				—				95,772,996
Expirations and repayments			(76,859,379	)			(2,595,208	)			(275,211	)			(29,568	)			—				(79,759,366	)
Write-offs			—				—				—				(141	)			—				(141	)
Foreign exchange			1,287,885				112,574				35,123				—				—				1,435,582
Inflation adjustment			(31,902,436	)			(2,885,233	)			(124,432	)			(11,862	)			(167	)			(34,924,130	)
Closing balance as of December 31, 2021			82,516,583				6,369,872				97,388				38,707				39				89,022,589

December 31, 2020

CREDIT RISK EXPOSURE - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired
		Stage 1				Stage 2								Stage 3								Total
		Credit risk exposure				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure (collectively assessed)				Credit risk exposure (individually assessed)				Credit risk exposure
Opening balance as of December 31, 2019			92,086,562				9,704,316				287,646				67,210				11				102,145,745
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(21,453,425	)			19,951,237				—				—				—				(1,502,188	)
Transfers from Stage 2 to Stage 1			14,939,522				(13,360,000	)			(189	)			—				—				1,579,333
Transfers from Stage 1 or 2 to Stage 3			(53,860	)			(70,840	)			(952	)			70,814				2,251				(52,587	)
Transfers from Stage 3 to Stage 1 or 2			92,935				25,714				12				(91,063	)			(601	)			26,997
Changes without transfers between Stages			7,111,816				(1,207,513	)			(179,664	)			(9,185	)			(773	)			5,714,681
New loan commitments and financial guarantees originated			51,230,563				4,768,552				149,648				3,506				—				56,152,269
Expirations and repayments			(31,312,059	)			(10,183,153	)			(37,449	)			(20,622	)			(53	)			(41,553,336	)
Write-offs			—				—				—				(83	)			(9	)			(92	)
Foreign exchange			1,285,102				354,907				16,499				—				—				1,656,508
Inflation adjustment			(26,950,994	)			(2,747,443	)			(81,484	)			(7,811	)			(80	)			(29,787,812	)
Closing balance as of December 31, 2020			86,976,162				7,235,777				154,067				12,766				746				94,379,518

December 31, 2021

ALLOWANCES - FINANCIAL ASSETS		Not credit impaired												Credit impaired
		Stage 1				Stage 2								Stage 3								Total
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2020			10,782,206				12,243,846				604,742				3,713,857				2,351,981				29,696,632
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(3,831,152	)			11,509,162				—				—				—				7,678,010
Transfers from Stage 2 to Stage 1			2,081,021				(7,453,083	)			(261,280	)			—				—				(5,633,342	)
Transfers from Stage 1 or 2 to Stage 3			(144,499	)			(4,199,360	)			(36,913	)			9,166,242				57,171				4,842,641
Transfers from Stage 3 to Stage 1 or 2			17,831				73,450				8,136				(1,364,846	)			(78,612	)			(1,344,041	)
Changes without transfers between Stages			(5,707,158	)			4,543,495				584,278				1,367,411				1,329,457				2,117,483
New financial assets originated			11,168,510				1,973,218				408,042				515,760				347,557				14,413,087
Repayments			(8,111,247	)			(1,795,338	)			(532,745	)			(1,349,756	)			(375,529	)			(12,164,615	)
Write-offs			—				(4	)			—				(4,454,171	)			(51,595	)			(4,505,770	)
Foreign exchange			129,349				123,676				61,761				884				120,462				436,132
Inflation adjustment			(3,100,588	)			(4,927,089	)			(235,021	)			(2,388,888	)			(918,798	)			(11,570,384	)
Closing balance as of December 31, 2021 (*)			3,284,273				12,091,973				601,000				5,206,493				2,782,094				23,965,833

(*) Impairment of financial assets detailed in the table above includes allowances on financial assets at FVOCI for 7,038,853.

December 31, 2020

ALLOWANCES - FINANCIAL ASSETS		Not credit impaired												Credit impaired
		Stage 1				Stage 2								Stage 3								Total
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2019			8,330,222				13,659,614				367,971				5,782,822				6,115,532				34,256,161
Transfers of financial assets:
Transfers from Stage 1 to Stage 2			(4,256,067	)			18,910,237				40,455				—				—				14,694,625
Transfers from Stage 2 to Stage 1			4,865,056				(8,765,244	)			(7,002	)			—				—				(3,907,190	)
Transfers from Stage 1 or 2 to Stage 3			(8,189,921	)			(2,759,818	)			(953,832	)			16,369,150				1,582,069				6,047,648
Transfers from Stage 3 to Stage 1 or 2			30,795				112,154				(2,106	)			(1,690,024	)			(57,654	)			(1,606,835	)
Changes without transfers between Stages			8,693,969				(1,126,442	)			1,233,146				(14,541,231	)			(3,978,107	)			(9,718,665	)
New financial assets originated			24,001,782				3,847,526				217,560				18,335,335				9,557,233				55,959,436
Repayments			(20,611,474	)			(8,731,902	)			(118,101	)			(13,255,537	)			(5,053,818	)			(47,770,832	)
Write-offs			—				—				—				(5,155,271	)			(5,860,293	)			(11,015,564	)
Foreign exchange			682,786				862,328				122,838				50,088				1,074,663				2,792,703
Inflation adjustment			(2,764,942	)			(3,764,607	)			(296,187	)			(2,181,475	)			(1,027,644	)			(10,034,855	)
Closing balance as of December 31, 2020 (*)			10,782,206				12,243,846				604,742				3,713,857				2,351,981				29,696,632

(*) Impairment of financial assets detailed in the table above includes allowances on financial assets at FVOCI for 8,688,884.

December 31, 2021

ALLOWANCES - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired								Total
		Stage 1				Stage 2								Stage 3
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2020			1,479,530				542,836				24,318				11,096				1,960				2,059,740
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(394,456	)			1,198,210				—				—				—				803,754
Transfers from Stage 2 to Stage 1			299,189				(1,061,679	)			(25,104	)			—				—				(787,594	)
Transfers from Stage 1 or 2 to Stage 3			(3,113	)			(18,994	)			(18	)			99,681				8,765				86,321
Transfers from Stage 3 to Stage 1 or 2			1,176				3,063				—				(65,123	)			—				(60,884	)
Changes without transfers between Stages			(1,122,997	)			(164,561	)			44,996				(1,277	)			(10,540	)			(1,254,379	)
New loan commitments and financial guarantees originated			2,394,510				100,001				23,387				8,669				—				2,526,567
Repayments			(1,667,168	)			(138,953	)			(20,015	)			(19,727	)			—				(1,845,863	)
Write-offs			—				—				—				(125	)			—				(125	)
Foreign exchange			29,859				5,628				2,747				—				—				38,234
Inflation adjustment			(487,253	)			(197,301	)			(18,526	)			(8,853	)			(185	)			(712,118	)
Closing balance as of December 31, 2021			529,277				268,250				31,785				24,341				—				853,653

December 31, 2020

ALLOWANCES - LOAN COMMITMENTS AND FINANCIAL GUARANTEES		Not credit impaired												Credit impaired
		Stage 1				Stage 2								Stage 3								Total
		Loss allowances				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances (collectively assessed)				Loss allowances (individually assessed)				Loss allowances
Opening balance as of December 31, 2019			1,101,060				687,713				23,073				49,344				312				1,861,502
Transfers of loan commitments and financial guarantees:
Transfers from Stage 1 to Stage 2			(505,075	)			1,879,519				—				—				—				1,374,444
Transfers from Stage 2 to Stage 1			409,864				(1,181,325	)			(385	)			—				—				(771,846	)
Transfers from Stage 1 or 2 to Stage 3			(2,776	)			(10,958	)			(1,531	)			45,340				3,832				33,907
Transfers from Stage 3 to Stage 1 or 2			2,925				2,196				82				(63,552	)			(1,168	)			(59,517	)
Changes without transfers between Stages			228,424				(117,288	)			(789	)			(4,296	)			(103	)			105,948
New loan commitments and financial guarantees originated			1,248,839				333,145				18,433				3,102				—				1,603,519
Repayments			(697,056	)			(873,208	)			(5,346	)			(13,402	)			(242	)			(1,589,254	)
Write-offs			—				—				—				(68	)			(193	)			(261	)
Foreign exchange			46,022				15,936				1,940				—				—				63,898
Inflation adjustment			(352,697	)			(192,894	)			(11,159	)			(5,372	)			(478	)			(562,600	)
Closing balance as of December 31, 2020			1,479,530				542,836				24,318				11,096				1,960				2,059,740

X

- Definition

The disclosure of credit risk. [Refer: Credit risk [member]]

+ References

Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
-Name IAS
-Number 1
-IssueDate 2021-01-01
-Paragraph 10
-Subparagraph e
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IAS&num=1&code=ifrs-tx-2021-en-r&anchor=para_10_e&doctype=Standard
-URIDate 2021-03-24

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 7
-IssueDate 2021-01-01
-Section Credit risk
-URI http://eifrs.ifrs.org/eifrs/xifrs-link?type=IFRS&num=7&code=ifrs-tx-2021-en-r&doctype=Standard&dita_xref=IFRS07_g35A-38_TI
-URIDate 2021-03-24

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X

- References

No definition available.

+ Details

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