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CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flow from operating activities      
Profit before tax $ 55,436,928 $ 27,226,764 $ 53,225,468
Adjustments (83,390,871) 28,541,951 (83,878,457)
Depreciation and amortization 10,973,223 10,872,882 11,954,961
Net impairment loss of financial assets 31,673,263 24,880,294 34,885,539
Accrued interest (339,871,098) (242,154,064) (234,860,648)
Exchange rate (1,212,110) 44,868,750 (30,776,671)
Inflation effect on cash and cash equivalents balances 207,564,086 179,333,328 141,667,480
Gain on sale of Prisma Medios de Pagos S.A. (500,304)   0
Put option - Prisma Medios de Pagos S.A. 0 2,302,454 (1,461,299)
Remeasurement - Prisma Medios de Pagos S.A. 0 2,889,935 (9,905,348)
Other adjustments 7,982,069 5,548,372 4,617,529
Net decreases in operating assets: (110,569,171) (31,198,476) (406,709,307)
Financial assets at fair value through profit or loss (FVTPL) (17,715,486) 7,038,303 18,293,100
Financial assets at amortized cost      
Other financial assets (2,990,991) 21,792,718 (17,963,448)
Loans and advances to financial institutions 3,771,960 (3,378,201) 10,165,038
Loans and advances to customers (17,186,497) 55,181,169 (93,087,259)
Loans and advances to government sector 42 62 206
Loans and advances to central bank (9,034)    
Reverse repurchase agreements 214,270,712 (123,792,355) (142,750,718)
Debt securities 863,521 (38,681,287)  
Financial assets at fair value through other comprehensive income (305,388,612) 47,950,371 (172,476,923)
Other assets 13,815,214 2,690,744 (8,889,303)
Net increases (decreases) in operating liabilities: (104,031,689) (50,947,820) 220,538,727
Financial liabilities at amortized cost      
Deposits from financial institutions (83,278) (2,110,178) 1,819,272
Deposits from customers (63,624,584) (36,436,410) 225,825,008
Deposits from government sector (16,109,968) 9,238,630 4,797,279
Repurchase agreements 804,233 (452,947) 973,323
Financial liabilities at FVTPL (277,729) 57,263 (14,070,624)
Other financial liabilities (24,740,363) (21,244,178) 1,194,469
Income tax paid (1,625,192) (7,316,563) (47,818,796)
Interest received 633,201,377 424,822,001 356,503,640
Interest paid (276,000,276) (172,709,636) (121,674,882)
Total cash flows generated by/(used in) operating activities 113,021,106 218,418,221 (29,813,607)
Cash flows from investing activities      
Payments: (28,289,796) (15,667,059) (9,779,864)
Purchase of property and equipment, intangible assets and other assets (16,410,002) (15,667,059) (9,253,718)
Other payments related to investment activities (11,879,794) 0 (526,146)
Collections: 1,136,924 4,662,498 1,831,363
Dividends received 1,136,924 4,662,498 1,831,363
Total cash flows used in investing activities (27,152,872) (11,004,561) (7,948,501)
Cash flows from financing activities      
Payments: (9,059,776) (5,056,785) (35,784,592)
Dividends (2,576,985)    
Debt security payments - Capital (747,514) (2,166,016) (21,246,214)
Debt security payments - Interest 0 (161,949) (11,496,917)
Payment of lease liabilities (2,143,061) (2,728,820) (3,041,461)
Financing by local financial institutions (3,592,216)    
Collections: 551,417 0 5,986,031
Debt securities issued - Capital 0 0 5,986,031
Other collections related to financing activities 551,417    
Total cash flows used in financing activities (8,508,359) (5,056,785) (29,798,561)
Effect of exchange rate changes on cash and cash equivalents 1,212,110 (44,868,750) 30,776,671
Inflation effect on cash and cash equivalents (207,564,086) (179,333,328) (141,667,480)
Total changes in cash and cash equivalents (128,992,101) (21,845,203) (178,451,478)
Cash and cash equivalents at the beginning of the year (Note 4) 425,189,092 447,034,295 625,485,773
Cash and cash equivalents at the end of the year (Note 4) $ 296,196,991 $ 425,189,092 $ 447,034,295