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CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flow from operating activities      
Profit before tax $ 13,977,273 $ 27,324,790 $ 37,186,765
Adjustments 14,652,583 (43,061,101) (53,659,049)
Depreciation and amortization 5,581,759 6,137,257 8,646,719
Net impairment loss of financial assets 12,772,677 17,909,011 32,370,076
Accrued interest (124,313,471) (120,569,285) (142,356,686)
Exchange rate 23,034,055 (15,799,672) (52,849,389)
Inflation effect on cash and cash equivalents balances 92,063,491 72,727,155 115,793,191
Gain on sale of Prisma Medios de Pagos S.A.     (7,852,032)
Put option - Prisma Medios de Pagos S.A. 1,182,000 (750,180) (1,407,627)
Remeasurement - Prisma Medios de Pagos S.A. 1,483,592 (5,085,061) (7,819,705)
Other adjustments 2,848,480 2,369,674 1,816,404
Net (increases) decreases in operating assets: (16,016,212) (208,790,412) 231,679,671
Financial assets at fair value through profit or loss (FVTPL) 3,613,220 9,391,041 13,260,739
Financial assets at amortized cost      
Other financial assets 11,187,623 (9,221,809) 17,963,779
Loans and advances to financial institutions (1,734,251) 5,218,377 16,197,306
Loans and advances to customers 28,328,092 (47,787,760) 160,281,545
Loans and advances to government sector 32 106 (226)
Reverse repurchase agreements (63,550,688) (73,283,252) 40,093,155
Debt securities (19,857,627)    
Financial assets at fair value through other comprehensive income 24,616,052 (88,543,651) (17,028,640)
Other assets 1,381,335 (4,563,464) 912,013
Net increases (decreases) in operating liabilities: (26,154,838) 113,216,909 (262,762,185)
Financial liabilities at amortized cost      
Deposits from financial institutions (1,083,292) 933,951 (563,119)
Deposits from customers (18,705,185) 115,930,702 (212,681,513)
Deposits from government sector 4,742,791 2,462,756 1,191,278
Repurchase agreements (232,527) 499,670 (474,213)
Financial liabilities at FVTPL 29,397 (7,223,369) 1,045,951
Other financial liabilities (10,906,022) 613,199 (51,280,569)
Income tax paid (3,756,069) (24,548,506) (3,285,303)
Interest received 218,088,834 183,016,565 224,775,296
Interest paid (88,663,118) (62,463,651) (94,812,923)
Total cash flows generated by/(used in) operating activities 112,128,453 (15,305,406) 79,122,272
Cash flows from investing activities      
Payments: (8,042,923) (5,020,642) (6,161,071)
Purchase of property and equipment, intangible assets and other assets (8,042,923) (4,750,537) (6,161,071)
Other payments related to investment activities   (270,105)  
Collections: 2,393,564 940,158 7,886,319
Sale of equity instruments     5,121,224
Cash and cash equivalents – Gain of control over subsidiaries     529,692
Dividends received 2,393,564 940,158 2,235,403
Total cash flows (used in) / generated by investing activities (5,649,359) (4,080,484) 1,725,248
Cash flows from financing activities      
Payments: (2,595,978) (18,370,564) (20,951,460)
Dividends (4,624,018) (18,838,524) (7,608,876)
Debt security payments - Capital (1,111,957) (10,907,067) (6,616,409)
Debt security payments - Interest (83,139) (5,902,117) (5,075,165)
Payment of lease liabilities (1,400,882) (1,561,380) (1,651,010)
Collections:   3,073,020 10,863,871
Debt securities issued - Capital   3,073,020 10,861,092
Argentine Central Bank ("BCRA")     2,779
Total cash flows used in financing activities (2,595,978) (15,297,544) (10,087,589)
Effect of exchange rate changes on cash and cash equivalents (23,034,055) 15,799,672 52,849,389
Inflation effect on cash and cash equivalents (92,063,491) (72,727,155) (115,793,191)
Total changes in cash and cash equivalents (11,214,430) (91,610,917) 7,816,129
Cash and cash equivalents at the beginning of the year (Note 8) 229,491,716 321,102,633 313,286,504
Cash and cash equivalents at the end of the year (Note 8) $ 218,277,286 $ 229,491,716 $ 321,102,633