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COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT (Tables)

12 Months Ended

Dec. 31, 2020

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT

Summary of debt securities at fair value through profit or loss


		12/31/2020		12/31/2019
Government securities		8,864,640		768,967
Corporate securities		401,671		4,994
Securities issued by the BCRA		605,592		—
		9,871,903		773,961

Summary of other financial assets


		12/31/2020		12/31/2019
Participation Certificates in Financial Trusts		40,855		41,648
Investments in Asset Management and Other Services		1,528,987		1,178,803
Other investments		535,684		81,151
Receivable from spot sales pending settlement		1,077,649		188,679
Several debtors		833,604		848,251
Miscellaneous debtors for credit card operations		203,811		516,154
Miscellaneous debtors for collections		64,631		—
		4,285,221		2,854,686

Summary of other debt securities


		12/31/2020		12/31/2019
Government securities		12,674,746		14,226,009
Securities issued by the BCRA		28,181,585		—
Others		3,644		12,331
		40,859,975		14,238,340

Summary of financial assets in guarantee


		12/31/2020		12/31/2019
Special guarantees accounts in the Argentine Central Bank		3,710,757		2,887,177
Deposits in guarantee		1,194,178		4,374,159
		4,904,935		7,261,336

Summary of inventories


		12/31/2020		12/31/2019
Electronics		56,282		29,614
Home and Health care		16,110		10,529
Tools and Workshop Equipment		259		22,121
Obsolescence Reserve		(1,687)		(1,743)
		70,964		60,521

Summary of non-financial assets


		12/31/2020		12/31/2019
Other Miscellaneous assets		603,701		1,164,863
Loans to employees		235,259		359,305
Payments in advance		321,958		18,474
Other non-financial assets		16,367		—
Retirement Plan		143,252		205,805
Works of art and collector's pieces		32,343		47,030
		1,352,880		1,795,477

Summary of deposits


		12/31/2020		12/31/2019
Non-financial sector		7,911,255		7,447,131
Financial sector		57,416		38,253
Current accounts		16,891,003		14,819,309
Savings accounts		102,845,465		54,445,823
Time deposits and investments accounts		46,113,056		40,457,410
Others		4,823,399		3,968,329
		178,641,594		121,176,255

Summary of liabilities at fair value through profit or loss


		12/31/2020		12/31/2019
Liabilities for transactions in local currency		2,002,005		258,060
		2,002,005		258,060

Summary of other financial liabilities


		12/31/2020		12/31/2019
Amounts payable for spot transactions pending settlement		1,362,541		2,986,677
Collections and other operations on behalf of third parties		4,951,341		7,112,817
Fees accrued to pay		5,423		366
Financial guarantee contracts		19,832		20,786
Liabilities associated with the transfer of financial assets not derecognized		—		970,923
Lease liability		1,181,698		1,288,419
Others		8,054		29,996
		7,528,889		12,409,984

Summary of financing received from the Argentine Central Bank and other financial institutions


		12/31/2020		12/31/2019
Financing received from local financial institutions		645,206		1,278,545
Financing received from international institutions		5,207,086		10,998,065
		5,852,292		12,276,610

Summary of provisions


		12/31/2020		12/31/2019
Legal issues		32,557		44,993
Labor lawsuits		29,552		38,151
Tax		113,303		106,029
Eventual commitments		8,634		499
Judicial Deposits		22,303		21,465
Restructuring Provision		—		680,703
Unused Balances Credit Cards		206,812		—
Charges to be paid to National Social Security Administration		225,387		—
Others		42,544		29,856
		681,092		921,696

Summary of other non-financial liabilities


		12/31/2019		12/31/2018
Payroll and social securities		5,500,933		5,401,884
Sundry creditors		3,660,784		3,209,713
Revenue from contracts with customers (1)		188,665		262,069
Tax payable		1,802,458		1,900,826
Social security payment orders pending settlement		894,809		297,448
Other		98,453		103,724
		12,146,102		11,175,664

Summary of estimated use of liability


		Maturity
		Up to 12		Up to 24		More than
Item		months		months		24 months		Total
Revenue from contracts with customers		88,352		46,692		53,621		188,665

Summary of interest income


		12/31/2020		12/31/2019		12/31/2018
Interest on overdrafts		2,678,469		6,217,172		6,807,778
Interest on promissory notes		6,226,382		8,002,944		8,539,122
Interest on personal loans		14,173,544		17,584,460		22,887,135
Interest on corporate unsecured loans		5,981,812		8,360,682		6,322,241
Interest on credit card loans		3,818,628		6,555,201		7,147,137
Interest on mortgage loans		3,994,607		5,148,348		4,123,314
Interest on automobile and other secured loan		738,403		943,454		1,030,844
Interest on foreign trade loans		1,453,129		2,356,094		2,448,435
Interest on financial leases		704,408		1,537,851		1,929,148
Interest on public and private securities measured at amortized cost		20,524,157		—		—
Others		4,406,341		4,277,419		2,465,076
Total		64,699,880		60,983,625		63,700,230

Summary of interests expenses


		12/31/2020		12/31/2019		12/31/2018
Interest on current accounts deposits		6,325,123		8,182,612		10,742,108
Interest on time deposits		19,574,998		27,030,921		13,602,675
Interest on other financial liabilities		2,285,959		10,472,760		9,933,537
Interest from financing from financial sector		100,834		373,163		1,548,673
Others		291,474		1,471,921		641,517
Total		28,578,388		47,531,377		36,468,510

Summary of net income from financial instruments at fair value through profit or loss


		12/31/2020		12/31/2019		12/31/2018
Income from corporate and government securities		2,999,989		2,086,183		3,828,698
Income from securities issued by the Argentine Central Bank		135,491		25,478,678		12,934,407
Derivatives		180,102		971,521		(3,547,400)
Total		3,315,582		28,536,382		13,215,705

Summary of service fee income


		12/31/2020		12/31/2019		12/31/2018
Commissions from deposits accounts		4,627,421		4,777,932		4,626,945
Commissions from credit and debit cards		3,413,407		3,944,787		4,576,075
Commissions from loans operations		164,852		401,370		819,244
Others Commissions		3,131,296		—		—
Others		156,848		2,583,467		2,391,996
Total		11,493,824		11,707,556		12,414,260

Summary of service fee expenses


		12/31/2020		12/31/2019		12/31/2018
Commissions paid		3,469,846		2,955,840		2,858,035
Export and foreign currency operations		78,423		99,114		112,035
Total		3,548,269		3,054,954		2,970,070

Summary of income from insurance activities


		12/31/2019		12/31/2019		12/31/2018
Accrued premiums		2,300,856		2,978,764		3,081,828
Accrued losses		(308,798)		(471,071)		(695,386)
Production expenses		(320,603)		(610,770)		(609,097)
Total		1,671,455		1,896,923		1,777,345

Summary of other operating incomes


		12/31/2020		12/31/2019		12/31/2018
Loans recovered and allowances reversed		572,480		678,796		665,561
Insurance commissions		51,525		92,966		831,740
Rental from safety boxes		340,303		390,561		501,124
Commissions from trust services		9,638		35,778		15,958
Returns of risk funds		1,215,745		235,093		587,419
Commissions from financial guarantees		-		854,752		985,595
Default interests		212,927		573,061		505,679
Sale of fixed assets		133,983		-		-
Others		1,242,850		890,030		1,087,256
Total		3,779,451		3,751,037		5,180,332

Summary of personnel expenses


		12/31/2020		12/31/2019		12/31/2018
Payroll and social securities		16,682,917		16,902,763		13,627,260
Others expenses		1,493,949		2,380,583		4,757,573
Total		18,176,866		19,283,346		18,384,833

Summary of administration expenses


		12/31/2020		12/31/2019		12/31/2018
Directors´ and statutory auditors’fees		341,532		382,328		342,430
Professional fees		3,043,958		1,385,391		3,459,708
Advertising and publicity		688,705		737,956		862,200
Taxes		1,857,970		2,000,527		2,244,207
Maintenance, security and services		2,823,341		2,351,755		1,152,917
Rent		72,050		70,446		973,551
Others		1,491,001		3,382,263		2,694,038
Total		10,318,557		10,310,666		11,729,051

Summary of depreciation and impairment of non-financial assets


		12/31/2020		12/31/2019		12/31/2018
Depreciation of property, plant and equipment		523,212		928,664		439,094
Depreciation of other non-financial assets		234,143		145,583		154,856
Depreciation of intangible assets		869,276		624,078		311,013
Depreciation of right-of-use assets		780,397		772,179		—
Impairment of other-non financial assets		—		—		582
Total		2,407,028		2,470,504		905,545

Summary of other operating expenses


		12/31/2020		12/31/2019		12/31/2018
Promotions related with credit cards		525,355		695,109		886,298
Turnover tax		3,950,539		5,104,595		5,869,614
Fair value on initial recognition of loans		195,459		273,505		809,049
Contributions made to deposit insurance system		289,814		332,127		323,838
Others		1,613,612		2,250,879		1,141,625
Total		6,574,779		8,656,215		9,030,424