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v3.21.1

Derivative financial instruments (Tables) | 12 Months Ended
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Dec. 31, 2020
Disclosure of detailed information about hedging instruments [line items] |
Schedule of quantitative information on the notional and carrying amounts of derivative financial instruments used to hedge foreign exchange risk |
|  | December 31, 2020
|  |  |  | Carrying amount of
|  |  |  | hedging instruments
|  | Nominal |  |  |  |
|  | amount |  | Asset (1) |  | Liability (2)
Interest rate risk |  |  |  |  |  |
Fair value hedges |  | 85,667 |  | 1,831 |  | (233)
Cash flow hedges |  | 60,000 |  | — |  | (1,541)
Interest rate and foreign exchange risk |  |  |  |  |  |
Fair value hedges |  | 344,489 |  | 2,856 |  | (3,848)
Cash flow hedges |  | 221,508 |  | 23,091 |  | —
Foreign exchange risk |  |  |  |  |  |
Cash flow hedges |  | 71,353 |  | — |  | (3,589)
|  | 783,017 |  | 27,778 |  | (9,211)
|  | December 31, 2019
|  |  |  | Carrying amount of
|  |  |  | hedging instruments
|  | Nominal |  |  |  |
|  | amount |  | Asset (1) |  | Liability (2)
Interest rate risk |  |  |  |  |  |
Fair value hedges |  | 398,333 |  | 407 |  | (805)
Cash flow hedges |  | 123,000 |  | — |  | (1,098)
Interest rate and foreign exchange risk |  |  |  |  |  |
Fair value hedges |  | 346,844 |  | 10,125 |  | (8,527)
Cash flow hedges |  | 23,025 |  | — |  | (1,670)
Foreign exchange risk |  |  |  |  |  |
Cash flow hedges |  | 72,391 |  | 625 |  | (2,552)
Net investment hedges |  | 2,080 |  | — |  | (23)
|  | 965,673 |  | 11,157 |  | (14,675)
| (1) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - assets.
| (2) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - liabilities.
Fair value hedges |
Disclosure of detailed information about hedging instruments [line items] |
Schedule of notional amounts and carrying amounts of derivative instruments |
|  | December 31, 2020
|  |  |  |  |  |  |  | Changes in fair value |  |
|  |  |  | Carrying amount of |  | used to calculate |  | Ineffectiveness
|  | Nominal |  | hedging instruments |  | hedge |  | recognized in
|  | amount |  | Asset (1) |  | Liability (2) |  | ineffectiveness (3) |  | profit or loss (3)
Interest rate risk |  |  |  |  |  |  |  |  |  |
Loans |  | 10,667 |  | — |  | (132) |  | 84 |  | 1
Securities at FVOCI |  | 5,000 |  | — |  | (101) |  | (29) |  | (20)
Borrowings and debt |  | 70,000 |  | 1,831 |  | — |  | 199 |  | (27)
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |
Loans |  | 4,075 |  | 356 |  | — |  | 178 |  | (149)
Borrowings and debt |  | 340,414 |  | 2,500 |  | (3,848) |  | (2,524) |  | (468)
Total |  | 430,156 |  | 4,687 |  | (4,081) |  | (2,092) |  | (663)
|  | December 31, 2019
|  |  |  |  |  |  |  | Changes in fair value |  |
|  |  |  | Carrying amount of |  | used to calculate |  | Ineffectiveness
|  | Nominal |  | hedging instruments |  | hedge |  | recognized in
|  | amount |  | Asset (1) |  | Liability (2) |  | ineffectiveness (3) |  | profit or loss (3)
Interest rate risk |  |  |  |  |  |  |  |  |  |
Loans |  | 13,333 |  | — |  | (166) |  | (127) |  | (9)
Securities at FVOCI |  | 5,000 |  | — |  | (45) |  | (97) |  | (17)
Borrowings and debt |  | 380,000 |  | 407 |  | (594) |  | 5,203 |  | (65)
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |
Loans |  | 6,430 |  | 276 |  | — |  | (482) |  | (214)
Borrowings and debt |  | 340,414 |  | 9,849 |  | (8,527) |  | 7,234 |  | 55
Total |  | 745,177 |  | 10,532 |  | (9,332) |  | 11,731 |  | (250)
| (1) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - assets.
| (2) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - liabilities.
| (3) |  | Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.
Schedule of gains and losses resulting from activities of hedging derivative financial instruments recognized in the consolidated statements of profit or loss |
|  | December 31, 2020
|  |  |  |  |  |  |  | Accumulated amount |  | Change in fair
|  |  |  |  |  |  |  | of fair value hedge |  | value of the hedged
|  | Carrying amount of |  | Line in the consolidated statement of |  | adjustments included |  | items used to
|  | hedged items |  | financial position that includes the |  | in the carrying amount |  | calculate hedge
|  | Asset |  | Liability |  | carrying amount of the hedged items |  | of the hedged items |  | ineffectiveness (1)
Interest rate risk |  |  |  |  |  |  |  |  |  |
Loans |  | 10,837 |  | — |  | Loans, net |  | 74 |  | (83)
Securities at FVOCI |  | 5,113 |  | — |  | Securities and other financial assets, net |  | 85 |  | 9
Borrowings and debt |  | — |  | (71,937) |  | Borrowings and debt, net |  | (292) |  | (226)
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  | —
Loans |  | 3,789 |  | — |  |  |  | (654) |  | (327)
Borrowings and debt |  | — |  | (339,688) |  | Borrowings and debt, net |  | 1,083 |  | 2,056
Total |  | 19,739 |  | (411,625) |  |  |  | 296 |  | 1,429
|  | December 31, 2019
|  |  |  |  |  |  |  | Accumulated amount |  | Change in fair
|  |  |  |  |  |  |  | of fair value hedge |  | value of the hedged
|  | Carrying amount of |  | Line in the consolidated statement of |  | adjustments included |  | items used to
|  | hedged items |  | financial position that includes the |  | in the carrying amount |  | calculate hedge
|  | Asset |  | Liability |  | carrying amount of the hedged items |  | of the hedged items |  | ineffectiveness (1)
Interest rate risk |  |  |  |  |  |  |  |  |  |
Loans |  | 13,583 |  | — |  | Loans, net |  | 158 |  | 118
Securities at FVOCI |  | 5,142 |  | — |  | Securities and other financial assets, net |  | 94 |  | 80
Borrowings and debt |  | — |  | (381,587) |  | Borrowings and debt, net |  | 18 |  | (5,268)
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |
Loans |  | 6,202 |  | — |  | Loans, net |  | (495) |  | 268
Borrowings and debt |  | — |  | (336,117) |  | Borrowings and debt, net |  | (973) |  | (7,179)
Total |  | 24,927 |  | (717,704) |  |  |  | (1,198) |  | (11,981)
| (1) |  | Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.
Schedule of maturity of financial instruments |
|  | December 31, 2020
|  |  |  | Foreign |  |
|  |  |  | exchange and |  |
|  | Interest rate |  | interest |  |
Maturity |  | swaps |  | rate risks |  | Total
Fair value hedge |  |  |  |  |  |
Less than 1 year |  | 85,667 |  | — |  | 85,667
Over 1 to 2 years |  | — |  | 271,646 |  | 271,646
Over 2 to 5 years |  | — |  | 72,843 |  | 72,843
Total |  | 85,667 |  | 344,489 |  | 430,156
|  | December 31, 2019
|  |  |  | Foreign |  |
|  |  |  | exchange and |  |
|  | Interest rate |  | interest |  |
Maturity |  | swaps |  | rate risks |  | Total
Fair value hedge |  |  |  |  |  |
Less than 1 year |  | 350,000 |  | — |  | 350,000
Over 1 to 2 years |  | 48,333 |  | — |  | 48,333
Over 2 to 5 years |  | — |  | 346,844 |  | 346,844
Total |  | 398,333 |  | 346,844 |  | 745,177
Cash flow hedges |
Disclosure of detailed information about hedging instruments [line items] |
Schedule of notional amounts and carrying amounts of derivative instruments |
|  | December 31, 2020
|  |  |  |  |  |  |  | Change in fair |  | Changes in the |  |  |  | Amount
|  |  |  | Carrying amount of |  | value used for |  | fair value of the |  | Ineffectiveness |  | reclassified
|  |  |  | hedging instruments |  | calculating |  | hedging instruments |  | recognized |  | from the hedge
|  | Nominal |  |  |  |  |  | hedge |  | recognized in |  | in profit or |  | reserve to profit
|  | amount |  | Asset (1) |  | Liability (2) |  | ineffectiveness |  | OCI (3) |  | loss (4) |  | or loss (4)
Interest rate risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | 60,000 |  | — |  | (1,541) |  | (443) |  | (442) |  | 1 |  | (75)
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | 221,508 |  | 23,091 |  | — |  | 23,380 |  | 23,481 |  | 101 |  | (1,697)
Foreign exchange risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans |  | 71,353 |  | — |  | (3,589) |  | (3,466) |  | (3,465) |  | 1 |  | (1,927)
Total |  | 352,861 |  | 23,091 |  | (5,130) |  | 19,471 |  | 19,574 |  | 103 |  | (3,699)
|  | December 31, 2019
|  |  |  |  |  |  |  |  |  | Changes in the |  |  |  |
|  |  |  |  |  |  |  | Change in fair |  | fair value of the |  |  |  | Amount
|  |  |  |  |  |  |  | value used for |  | hedging |  |  |  | reclassified
|  |  |  | Carrying amount of |  | calculating |  | instruments |  | Ineffectiveness |  | from the hedge
|  | Nominal |  | hedging instruments |  | hedge |  | recognized in |  | recognized in |  | reserve to
|  | amount |  | Asset (1) |  | Liability (2) |  | ineffectiveness |  | OCI (3) |  | profit or loss (4) |  | profit or loss (4)
Interest rate risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | 123,000 |  | — |  | (1,098) |  | (1,459) |  | (1,458) |  | 1 |  | 39
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | 23,025 |  | — |  | (1,670) |  | (284) |  | (283) |  | 1 |  | —
Foreign exchange risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Loans |  | 72,391 |  | 625 |  | (2,552) |  | (2,346) |  | (2,344) |  | 2 |  | (1,070)
Borrowings and debt |  | — |  | — |  | — |  | — |  | — |  | — |  | (5,545)
Total |  | 218,416 |  | 625 |  | (5,320) |  | (4,089) |  | (4,085) |  | 4 |  | (6,576)
| (1) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - assets.
| (2) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - liabilities.
| (3) |  | Included in equity in the consolidated statement of financial position under the line Other comprehensive income.
| (4) |  | Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.
Schedule of agreements qualifying as fair value hedge, the bank recognized the gain or loss on the derivative financial instruments and the gain or loss of the hedged asset or liability in profit or loss |
|  | December 31, 2020
|  |  |  |  |  | Line in the consolidated |  |  |  |
|  |  |  |  |  | statement of financial |  | Change in the fair value of |  |
|  | Carrying amount of |  | position that includes the |  | the hedged items used to |  |
|  | hedged items |  | carrying amount of |  | to calculate the hedge |  | Cash flow hedge
|  | Asset |  | Liability |  | the hedged items |  | ineffectiveness (1) |  | reserve
Interest rate risk |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | — |  | (20,045) |  | Borrowings and debt, net |  | 442 |  | 1,440
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | — |  | (243,817) |  | Borrowings and debt, net |  | (23,481) |  | (1,980)
Foreign exchange risk |  |  |  |  |  |  |  |  |  |
Loans |  | 74,509 |  | — |  | Loans, net |  | 3,465 |  | 562
Total |  | 74,509 |  | (263,862) |  |  |  | (19,574) |  | 22
| (1) |  | Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.
|  | December 31, 2019
|  |  |  |  |  | Line in the consolidated |  |  |  |
|  |  |  |  |  | statement of financial |  | Change in the fair value of |  |
|  | Carrying amount of |  | position that includes the |  | the hedged items used to |  |
|  | hedged items |  | carrying amount of |  | calculate the hedge |  | Cash flow hedge
|  | Asset |  | Liability |  | the hedged items |  | ineffectiveness (1) |  | reserve
Interest rate risk |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | — |  | (70,110) |  | Borrowings and debt, net |  | 1,458 |  | 1,072
Interest rate and foreign exchange risk |  |  |  |  |  |  |  |  |  |
Borrowings and debt |  | — |  | (21,234) |  | Borrowings and debt, net |  | 283 |  | (5)
Foreign exchange risk |  |  |  |  |  |  |  |  |  |
Loans |  | 73,861 |  | — |  | Loans, net |  | 2,344 |  | 263
Total |  | 73,861 |  | (91,344) |  |  |  | 4,085 |  | 1,330
| (1) |  | Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.
Schedule of maturity of financial instruments |
|  | December 31, 2020
|  |  |  |  |  | Foreign |  |
|  |  |  |  |  | exchange and |  |
|  | Foreign |  | Interest rate |  | interest |  |
Maturity |  | exchange risk |  | swaps |  | rate risks |  | Total
Cash flow hedge |  |  |  |  |  |  |  |
Less than 1 year |  | 71,353 |  | 40,000 |  | — |  | 111,353
Over 2 to 5 years |  | — |  | 20,000 |  | 197,854 |  | 217,854
More than 5 years |  | — |  | — |  | 23,654 |  | 23,654
Total |  | 71,353 |  | 60,000 |  | 221,508 |  | 352,861
|  | December 31, 2019
|  |  |  |  |  | Foreign |  |
|  |  |  |  |  | exchange and |  |
|  | Foreign |  | Interest rate |  | interest |  |
Maturity |  | exchange risk |  | swaps |  | rate risks |  | Total
Cash flow hedge |  |  |  |  |  |  |  |
Less than 1 year |  | 72,391 |  | 63,000 |  | 23,025 |  | 158,416
Over 1 to 2 years |  | — |  | 40,000 |  | — |  | 40,000
Over 2 to 5 years |  | — |  | 20,000 |  | — |  | 20,000
Total |  | 72,391 |  | 123,000 |  | 23,025 |  | 218,416
Foreign exchange forwards |
Disclosure of detailed information about hedging instruments [line items] |
Schedule of notional amounts and carrying amounts of derivative instruments | The following table details the notional amount and carrying amount of the derivative instruments used as net investment hedge at December 31, 2019 by type of risk and hedged item, along with changes during the period used to determine and recognize the ineffectiveness of the hedge:
| December 31, 2019
|  |  |  |  |  |  |  |  |  | Changes in the |  |  |  |
|  |  |  |  |  |  |  |  |  | fair value of the |  |  |  | Amount
|  |  |  |  |  |  |  | Change in fair |  | hedging |  |  |  | reclassified from
|  |  |  | Carrying amount of |  | value used for |  | instruments |  | Ineffectiveness |  | the hedge reserve
|  | Nominal |  | hedging instruments |  | calculating hedge |  | recognized in |  | recognized in |  | to profit or
|  | amount |  | Asset (1) |  | Liability (2) |  | ineffectiveness |  | OCI (3) |  | profit or loss (4) |  | loss (4)
Foreign exchange risk |  |  |  |  |  |  |  |  |  |  |  |  |  |
Net investment |  | 2,080 |  | — |  | (23) |  | (23) |  | (23) |  | — |  | (78)
Total |  | 2,080 |  | — |  | (23) |  | (23) |  | (23) |  | — |  | (78)
Derivative instruments used in net investment hedges at December 31, 2019 have a maturity of less than 30 days.
| (1) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - assets.
| (2) |  | Included in the consolidated statement of financial position under the line Derivative financial instruments - liabilities.
| (3) |  | Included in equity in the consolidated statement of financial position under the line Other comprehensive income.
| (4) |  | Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.
The following table details the nominal value and carrying amount of the net investment hedged items at December 31, 2019, along with changes during the period used to determine and recognize the ineffectiveness of the hedge:
|  | December 31, 2019
|  |  |  |  |  |  |  | Change in |  |
|  |  |  |  |  |  |  | the fair |  |
|  |  |  |  |  | Line in the |  | value of |  |
|  |  |  |  |  | consolidated |  | the |  |
|  |  |  |  |  | statement of |  | hedged |  |
|  |  |  |  |  | financial position |  | items used |  |
|  | Carrying amount of |  | that includes the |  | to calculate |  | Cash flow
|  | hedged items |  | carrying amount of |  | the hedged |  | hedge
|  | Asset |  | Liability |  | the hedged items |  | ineffectiveness (1) |  | reserve
Foreign exchange risk |  |  |  |  |  |  |  |  |  |
Net investment |  | 1,889 |  | — |  | Securities and other financial assets, net |  | 23 |  | 23
Total |  | 1,889 |  | — |  |  |  | 23 |  | 23
Included in the consolidated statement of profit or loss under the line Loss on financial instruments, net.

X
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