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Fair Values Of Financial Instruments (Tables)

12 Months Ended

Dec. 31, 2022

Fair Value Of Financial Instruments [Abstract]

Table Of Assets And Liabilities Measured At Fair Value

The fair value hierarchy of assets and liabilities measured at fair value as of December 31, 2022 is detailed below:


	Book value		Total fair value		Level 1 Fair value		Level 2 Fair value		Level 3 Fair value
Financial assets at fair value through profit or loss
- Debt securities		25,519,962		25,519,962		3,917,279		21,602,683		—
- Derivatives		2,268,201		2,268,201		—		2,268,201		—
- Equity instruments		4,804,583		4,804,583		4,804,583		—		—
Financial assets at fair value through other comprehensive income
- Debt securities		617,275,646		617,275,646		68,789,245		547,836,102		650,299
- Equity instruments		60,468		60,468		—		60,468		—

Total		649,928,860		649,928,860		77,511,107		571,767,454		650,299
Financial liabilities at fair value through profit or loss
- Derivatives		334,340		334,340		—		334,340		—

Total		334,340		334,340		—		334,340		—

The fair value hierarchy of assets and liabilities measured at fair value as of December 31, 2021 is detailed below:


	Book value		Total fair value		Level 1 Fair value		Level 2 Fair value		Level 3 Fair value
Financial assets at fair value through profit or loss
- Debt securities		2,721,113		2,721,113		2,719,594		1,519		—
- Derivatives		5,486,313		5,486,313		—		5,486,313		—
- Equity instruments		12,473,124		12,473,124		4,459,498		—		8,013,626
Financial assets at fair value through other comprehensive income
- Debt securities		325,381,377		325,381,377		107,419,154		215,933,998		2,028,225
- Equity instruments		70,288		70,288		—		70,288		—

Total		346,132,215		346,132,215		114,598,246		221,492,118		10,041,851
Financial liabilities at fair value through profit or loss
- Derivatives		612,069		612,069		—		612,069		—

Total		612,069		612,069		—		612,069		—

Table Of Transfers Between Hierarchy Levels From Level 2 To Level 1

The following instruments measured at fair value were transferred from Level 2 to Level 1 of the fair value hierarchy as of December 31, 2022 and 2021:


	December 31, 2022		December 31, 2021
Treasury Bonds adjusted by 1.20% CER in pesos maturing 03-18-2022		—		8,231,290
Treasury Bonds adjusted by 1.50% CER in pesos maturing 03-25-2024		—		24,803,535
Treasury Bonds adjusted by 1.40% CER in pesos maturing 03-25-2023		—		18,929,424
Treasury Bonds adjusted by 1.30% CER in pesos maturing 09-20-2022		—		21,055,446

Disclosure Of Sensitivity Analysis Of Fair Value Measurement To Changes In Unobservable Inputs Assets

The tables below show a sensitivity analysis for each of the above-mentioned securities:


Latest market price scenarios	Changes in final price
Latest market price scenarios	REF2B			ARCOR17
+ 2%		2	%		2	%
+ 5%		5	%		5	%
+ 10%		10	%		10	%


UVA	Changes in final price
Scenarios	ON ARCOR17			ON REF2B
+ 3%		3	%		3	%
+ 5%		5	%		5	%
+ 10%		10	%		10	%

Sell Options

The sensitivity analysis (based on the price of the underlying asset) for the put options in the Bank’s portfolio is presented below.

The put options in the Bank’s portfolio with their corresponding underlying asset are detailed below:


Asset	Underlying
PJ3N6U001		BONO TDJ23
PL3N7V001		BONO TDL23
PF3N2H001		LT X17F3
X3JN6G001		LCER16J3$
XY3N5J001		LT X19Y3

Put-

Underlying


Scenarios	Changes in final price
Changes % Price Sub	PJ3N6U001			PL3N7V001			PF3N2H001			X3JN6G001			XY3N5J001
-6.000%		6.055	%		5.962	%		10.464	%		7.564	%		9.675	%
-4.000%		4.037	%		3.975	%		6.976	%		5.043	%		6.450	%
-2.000%		2.018	%		1.987	%		3.488	%		2.521	%		3.225	%
0.000%		0.000	%		0.000	%		0.000	%		0.000	%		0.000	%
2.000%		0.000	%		0.000	%		0.000	%		0.000	%		0.000	%
6.000%		0.000	%		0.000	%		0.000	%		0.000	%		0.000	%

Reconciliation of unobservable input reconciliation

The following table shows a reconciliation between opening balances and final balances of Level 3 fair values as of December 31, 2022 and 2021:


	December 31, 2022			December 31, 2021
Balance at the beginning of the fiscal year		10,041,850			21,216,194
Investments in equity instruments – Prisma Medios de Pago S.A. (*)		—			(2,889,935	)
Derivatives - Put options - Prisma Medios de Pago S.A. (*)		—			(2,302,454	)
Other financial assets - Receivable from Prisma Medios de Pago S.A.		(4,412,028	)		—
Gain from the sale of financial assets - Prima Medios de Pago S.A.		500,304			—
Private securities - Corporate bonds		(390,921	)		2,028,225
Dividends received		—			(1,134,220	)
Net monetary inflation adjustment		(5,088,906	)		(6,875,960	)

Balance at year-end		650,299			10,041,850

(*)	Presented in Gains on financial assets and liabilities at fair value through profit or loss, net.

Table Of Assets And Liabilities Not Measured At Fair Value

The fair value hierarchy of assets and liabilities not measured at fair value as of December 31, 2022 is detailed below:


	Book value		Total fair value			Level 2 Fair value		Level 3 Fair value
Financial assets

Cash and cash equivalents		296,196,991		(a	)		—		—
Other financial assets		58,311,991		(a	)		—		—
Debt securities		37,817,766		44,528,179			44,528,179		—
Loans and advances		717,096,502		671,279,688			—		671,279,688
Reverse repurchase agreements		52,473,208		(a	)		—		—

Financial liabilities

Deposits		1,313,820,228		1,288,323,903			1,288,323,903		—
Other financial liabilities		118,432,421		(a	)		—		—
Bank loans		19,873,142		19,167,220			19,167,220		—
Debt securities issued	191,183		189,970			189,970		—

The fair value hierarchy of assets and liabilities not measured at fair value as of December 31, 2021 is detailed below:


	Book value		Total fair value			Level 2 Fair value		Level 3 Fair value
Financial assets

Cash and cash equivalents		425,189,092		(a	)		—		—
Other financial assets		55,394,122		(a	)		—		—
Debt securities		38,681,287		43,019,867			43,019,867		—
Loans and advances		738,256,313		726,833,853			—		726,833,853
Reverse repurchase agreements		267,612,482		(a	)		—		—

Financial liabilities

Deposits		1,379,790,010		1,363,503,360			1,363,503,360		—

Other financial liabilities		119,977,796		(a	)		—		—
Bank loans		22,903,783		22,381,778			22,381,778		—
Debt securities issued		979,760		776,393			776,393		—

The Group does not report the fair value as the accounting values are a reasonable approximation of the fair values.

Disclosure Of Changes In Underlying Asset Explanatory

The put options in the Bank’s portfolio with their corresponding underlying asset are detailed below:


Asset	Underlying
PJ3N6U001		BONO TDJ23
PL3N7V001		BONO TDL23
PF3N2H001		LT X17F3
X3JN6G001		LCER16J3$
XY3N5J001		LT X19Y3

Disclosure Of Sensitivity Analysis Of Sell Options To Changes In Underlying Asset Explanatory

Put-

Underlying


Scenarios	Changes in final price
Changes % Price Sub	PJ3N6U001			PL3N7V001			PF3N2H001			X3JN6G001			XY3N5J001
-6.000%		6.055	%		5.962	%		10.464	%		7.564	%		9.675	%
-4.000%		4.037	%		3.975	%		6.976	%		5.043	%		6.450	%
-2.000%		2.018	%		1.987	%		3.488	%		2.521	%		3.225	%
0.000%		0.000	%		0.000	%		0.000	%		0.000	%		0.000	%
2.000%		0.000	%		0.000	%		0.000	%		0.000	%		0.000	%
6.000%		0.000	%		0.000	%		0.000	%		0.000	%		0.000	%