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LOANS AND OTHER FINANCING (Tables)

12 Months Ended

Dec. 31, 2020

LOANS AND OTHER FINANCING

Summary of composition of loan portfolio

As of December 31, 2020 and 2019 the composition of the loan portfolio is as follows:


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2020
Promissory notes		18,228,303		610,850		146,257		18,985,410
Unsecured corporate loans		12,407,922		793,555		2,359,458		15,560,935
Overdrafts		2,034,612		159,552		302,868		2,497,032
Mortgage loans		7,894,984		2,118,357		1,044,497		11,057,838
Automobile and other secured loans		1,227,511		312,404		352,278		1,892,193
Personal loans		19,046,521		1,452,586		624,011		21,123,118
Credit card loans		17,420,096		1,839,516		389,148		19,648,760
Foreign Trade Loans		9,558,036		1,585,023		1,901,861		13,044,920
Other financings		3,293,864		725,488		163,301		4,182,653
Other receivables from financial transactions		2,546,026		33,788		59,701		2,639,515
Receivables from financial leases		2,817,385		217,321		152,820		3,187,526
Subtotal		96,475,260		9,848,440		7,496,200		113,819,900
Allowances for loan losses		(1,856,309)		(1,988,731)		(4,579,674)		(8,424,714)
Total		94,618,951		7,859,709		2,916,526		105,395,186


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2019
Promissory notes		10,904,372		300,364		387,249		11,591,985
Unsecured corporate loans		13,579,312		494,932		1,045,787		15,120,031
Overdrafts		5,908,410		119,964		1,593,199		7,621,573
Mortgage loans		8,209,763		1,550,950		1,017,564		10,778,277
Automobile and other secured loans		1,088,637		354,852		217,339		1,660,828
Personal loans		19,124,764		1,518,200		1,541,472		22,184,436
Credit card loans		16,133,436		762,996		738,378		17,634,810
Foreign Trade Loans		22,053,128		837,964		1,819,440		24,710,532
Other financings		10,541,125		127,893		103,346		10,772,364
Other receivables from financial transactions		2,511,245		22,471		62,543		2,596,259
Receivables from financial leases		3,836,879		250,933		250,569		4,338,381
Subtotal		113,891,071		6,341,519		8,776,886		129,009,476
Allowances for loan losses		(2,185,274)		(1,141,825)		(5,865,030)		(9,192,129)
Total		111,705,797		5,199,694		2,911,856		119,817,347

Summary of changes in gross carrying amount and corresponding expected credit losses


		Assets Before Allowances								ECL Allowance
		Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
Balance at the beginning of the year		113,892,858		6,341,521		8,776,882		129,011,261		2,185,274		1,141,825		5,865,030		9,192,129
Transfers
1 to 2		(3,214,532)		3,214,532		—		—		(116,717)		1,082,821		—		966,104
1 to 3		(1,543,847)		—		1,543,847		—		(36,310)		—		2,481,033		2,444,723
2 to 3		—		(846,342)		846,342		—		—		(222,310)		742,127		519,817
2 to 1		817,989		(817,989)		—		—		33,836		(124,642)		—		(90,806)
3 to 2		—		36,687		(36,687)		—		—		10,485		(39,274)		(28,789)
3 to 1		46,735		—		(46,735)		—		1,413		—		(45,148)		(43,735)
Net changes of financial assets		(15,379,218)		2,736,983		(53,260)		(12,695,495)		832,860		1,226,241		(457,000)		1,602,101
Write-Offs		(1,123,756)		(1,151,327)		(4,102,760)		(6,377,843)		(1,123,756)		(1,151,327)		(4,102,760)		(6,377,843)
Exchange Differences and Others		2,979,031		334,375		568,571		3,881,977		79,709		25,638		135,666		241,013
Gross carrying amount at December 31, 2020		96,475,260		9,848,440		7,496,200		113,819,900		1,856,309		1,988,731		4,579,674		8,424,714


		Assets Before Allowances								ECL Allowance
		Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
Balance at the beginning of the year		148,088,044		15,181,940		8,764,377		172,034,361		3,011,796		2,400,090		4,926,073		10,337,959
Transfers
1 to 2		(1,328,535)		1,328,535		—		—		(83,582)		423,682		—		340,100
1 to 3		(6,848,389)		—		6,848,389		—		(126,062)		—		4,692,322		4,566,260
2 to 3		—		(1,760,766)		1,760,766		—		—		(296,040)		1,018,262		722,222
2 to 1		5,995,283		(5,995,283)		—		—		74,463		(458,568)		—		(384,105)
3 to 2		—		62,781		(62,781)		—		—		13,217		(43,191)		(29,974)
3 to 1		218,823		—		(218,823)		—		21,122		—		(153,805)		(132,683)
Net changes of financial assets		(45,996,053)		(2,869,752)		(2,841,336)		(51,707,141)		(799,829)		(974,665)		2,101,388		326,894
Write-Offs		—		—		(6,846,644)		(6,846,644)		—		—		(6,846,644)		(6,846,644)
Exchange Differences and Others		13,761,898		394,064		1,372,938		15,528,900		87,366		34,109		170,625		292,100
Gross carrying amount at December 31, 2018		113,891,071		6,341,519		8,776,886		129,009,476		2,185,274		1,141,825		5,865,030		9,192,129

Summary of financial assets


				Allowances
		Gross		for loans				Fair value of
Credit Impaired loans		exposure		losses		Book value		collateral
Overdrafts		302,868		152,172		150,696		81,482
Financial Lease		152,820		98,234		54,586		102,255
Documents		146,257		138,617		7,640		631
Mortgage loans		1,044,497		249,563		794,934		480,309
Personal loans		624,011		582,724		41,287		—
Pledge loans		352,278		235,434		116,843		107,785
Credit cards		389,148		373,666		15,483		1,319
Other		4,484,321		2,749,264		1,735,057		1,450,733
Total		7,496,200		4,579,674		2,916,526		2,224,514

Summary of withdrawal financial assets from its balance sheet


		12.31.2020		12.31.2019
Balance at the beginning of the year		5,240,360		3,614,921
Additions		5,788,119		6,113,008
Disposals		(1,229,014)		(1,666,458)
Cash colletion		(550,119)		(631,103)
Portfolio sales		(77,117)		(61,979)
Condonation		(601,778)		(973,376)
Exchange differences and other movements		(2,601,385)		(2,821,111)
Gross carrying amount		7,198,080		5,240,360