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Consolidated Income Statement - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2017
Consolidated Income Statement      
Interest income $ 44,794,595 $ 46,790,036 $ 34,250,524
Interest expenses (34,913,451) (26,787,390) (12,782,957)
Net interest income 9,881,144 20,002,646 21,467,567
Net income from financial instruments (NIFFI) at fair value through profit or loss 20,960,966 9,707,395 5,454,354
Exchange rate differences on gold and foreign currency (324,070) 1,733,237 604,734
NIFFI And Exchange Rate Differences 20,636,896 11,440,632 6,059,088
Net Financial Income 30,518,040 31,443,278 27,526,655
Services Fee Income 8,599,607 9,118,706 9,327,965
Services Fee Expense (2,243,970) (2,181,620) (1,877,412)
Income from insurance activities 1,393,356 1,305,522 1,383,709
Net Service Fee Income 7,748,993 8,242,608 8,834,262
Subtotal 38,267,033 39,685,886 36,360,917
Results from exposure to changes in the purchasing power of money (5,359,565) (9,253,021) (3,986,190)
Other operating income 2,755,267 3,805,134 2,827,476
Loan loss provisions (7,736,868) (7,967,031) (6,204,348)
Net operating income 27,925,867 26,270,968 28,997,855
Personnel expenses 14,164,289 13,504,300 13,439,165
Administration expenses 7,573,543 8,615,396 7,566,294
Depreciation and impairment of non-financial assets 1,814,671 665,154 956,819
Other operating expenses 6,358,291 6,633,161 6,394,542
(Loss) / Income before taxes (1,984,927) (3,147,043) 641,035
Income tax (168,695) (1,555,074) (1,802,869)
Net loss for the year (2,153,622) (4,702,117) (1,161,834)
Net loss for the year attributable to owners of the parent company (2,151,600) (4,658,050) (1,160,465)
Net loss for the year attributable to non-controlling interests $ (2,022) $ (44,067) $ (1,369)