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Income Tax (Tables)
 12 Months Ended
Dec. 31, 2023
Income tax [Abstract]  
Summary of current income tax assets
    
December 31,
2023
     
December 31,
2022
  
Advances (subsidiaries)
      160,343        120,536  
  
 
 
     
 
 
  
TOTAL
   
 
160,343
 
   
 
120,536
 
  
 
 
     
 
 
  
Summary of current income tax liabilities
    
December 31,
2023
     
December 31,
2022
  
Income tax provision
      195,906,305        25,250,024  
Advances
      (3,394,693 )       (2,375,376 ) 
Collections and withholdings
      (344,774 )       (303,709 ) 
  
 
 
     
 
 
  
TOTAL
   
 
192,166,838
 
   
 
22,570,939
 
  
 
 
     
 
 
  
Table of deferred income tax assets and liabilities
Account
         
Changes recognized in
    
As of December 31, 2023
  
  
As of

December 31,

2022
    
Consolidated
statement of
profit or loss
    
Other
comprehensive
income
    
Deferred tax
asset
    
Deferred tax
liabilities
  
Allowance for loan losses
      37,261,464       (6,884,814 )     —        30,376,650       —   
Provisions
      39,282,173       (3,676,895 )      —        35,605,278       —   
Loan Commissions
      3,802,371       742,644       —        4,545,015       —   
Expenses capitalized for tax purpose
      (15,067,625 )      (1,880,788 )     —        —        (16,948,413 )
Property and equipment
      (40,519,489 )      (1,228,645 )        —        (41,748,134 ) 
Investments in debt securities and equity instruments
      (43,724,517 )      98,753,254       (84,922,739 )     —        (29,894,002 )
Inflation adjustment (see Note 11.4)
      7,738,678       (6,463,673 )      —        1,275,005       —   
Tax loss
      2,746,793       (1,488,126 )      —        1,258,667       —   
Others
      (107,557 )      107,609       —        —        52  
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance
   
 
(8,587,709
) 
  
 
77,980,566
 
  
 
(84,922,739
)
  
 
73,060,615
 
  
 
(88,590,497
) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Offsetting
         
 
(70,214,802
) 
  
 
70,214,802
 
        
 
 
    
 
 
  
Net
         
 
2,845,813
 
  
 
(18,375,695
) 
        
 
 
    
 
 
  
 
Account
         
Changes recognized in
    
As of December 31, 2022
  
  
As of
December 31,
2021
    
Consolidated
statement of
profit or loss
    
Other
comprehensive
income
    
Deferred tax
asset
    
Deferred tax
liabilities
  
Allowance for loan losses
      38,937,416       (1,675,952 )      —        37,261,464       —   
Provisions
      24,996,082       14,286,091       —        39,282,173       —   
Loan Commissions
      3,080,653       721,718       —        3,802,371       —   
Expenses capitalized for tax purpose
      (13,266,124 )      (1,801,501 )      —        —        (15,067,625 ) 
Property and equipment
      (85,554,395 )      45,034,906       —        —        (40,519,489 ) 
Investments in debt securities and equity instruments
      (34,759,493 )      (6,742,478 )      (2,222,546 )      —        (43,724,517 ) 
Derivatives
      79,271       (79,271 )      —        —        —   
Inflation adjustment (see Note 11.4)
      22,402,235       (14,663,557 )      —        7,738,678       —   
Tax loss
      925,268       1,821,525       —        2,746,793       —   
Others
      4,693       (112,250 )      —        —        (107,557 ) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Balance
   
 
(43,154,394
) 
  
 
36,789,231
 
  
 
(2,222,546
) 
  
 
90,831,479
 
  
 
(99,419,188
) 
  
 
 
    
 
 
    
 
 
    
 
 
    
 
 
  
Offsetting
         
 
(86,097,600
) 
  
 
86,097,600
 
        
 
 
    
 
 
  
Net
         
 
4,733,879
 
  
 
(13,321,588
) 
        
 
 
    
 
 
  
Table of income tax expense
    
December 31,
2023
     
December 31,
2022
     
December 31,
2021
  
Current Tax
      (234,050,896 )      (28,930,128 )       (1,099,384 ) 
Deferred Tax
      77,980,566        36,789,231        (33,010,768 ) 
Over/under income tax from prior year (see Note 11.5)
(1)
      —         —         6,075,593  
  
 
 
     
 
 
     
 
 
  
Income tax recognized in the consolidated statement of profit or loss
   
 
(156,070,330
)
   
 
7,859,103
 
   
 
(28,034,559
) 
  
 
 
     
 
 
     
 
 
  
The income tax benefit for the year ended December 31, 2022 includes the effect of the claim filed before AFIP, as stated under “Inflation adjustment for tax purposes. Fiscal years 2021” of Note 11.6.
The income tax expense for the year ended December 31, 2023 includes receivables for judgments for fiscal years 2013 and 2014, as stated under “Requests for refunds. Fiscal years 2013, 2014 and 2015” of Note 11.6.
Table of reconciliation effective tax rate
    
December 31,
2023
    
December 31,
2022
    
December 31,
2021
  
Profit before income tax
   
 
313,326,162
 
  
 
172,633,812
 
  
 
84,786,272
 
Income tax rate
      35.00 %      35.00 %      35.00 % 
  
 
 
    
 
 
    
 
 
  
Income tax using the Bank’s income tax rate
   
 
109,664,157
 
  
 
60,421,834
 
  
 
29,675,195
 
  
 
 
    
 
 
    
 
 
  
Tax -exempt income
      (1,852,963 )     (462,590 )      (1,724,562 ) 
Non-deductible
expenses
      2,544,273       475,794       885,305  
Change in tax rate (see Note 11.5)
      —       —        8,956,828  
Other
     
(38,678
)
 		     (676,528 )      390,030  
Net monetary inflation adjustment
      418,462,439       189,143,633       120,083,431  
  
 
 
    
 
 
    
 
 
  
Subtotal
   
 
528,779,228
 
  
 
248,902,143
 
  
 
158,266,227
 
Inflation adjustment for tax purposes (see Note 11.6)
      (372,708,898 )     (256,481,087 )     (124,156,075 ) 
Over/under income tax from prior year (see Note 11.6)
(1)
      —        (280,159 )      (6,075,593 ) 
  
 
 
    
 
 
    
 
 
  
Income tax expense
   
 
156,070,330
 
  
 
(7,859,103
) 
  
 
28,034,559
 
  
 
 
    
 
 
    
 
 
  
Effective tax rate
   
 
50
% 
  
 
(5
%
)
  
 
33
% 
 
(1)
It includes an income tax charge of 5,908,256 corresponding to the tax inflation mechanism applied for fiscal year 2020 – see note 11.6 “Income tax – inflation adjustment for fiscal year 2020”.