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Consolidated Income Statement - ARS ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Consolidated Income Statement      
Interest income $ 103,431,881 $ 97,659,056 $ 92,049,680
Interest expenses (60,499,508) (43,136,686) (71,744,637)
Net interest income 42,932,373 54,522,370 20,305,043
Net income from financial instruments (NIFFI) at fair value through profit or loss 8,889,470 5,004,594 43,073,281
Result from derecognition of assets measured at amortized cost 254,187 991,715  
Exchange rate differences on gold and foreign currency 992,383 1,606,842 (665,941)
Net Income From Financial instruments And Exchange Rate Differences 10,136,040 7,603,151 42,407,340
Net Financial Income 53,068,413 62,125,521 62,712,383
Services Fee Income 16,665,264 17,348,966 17,671,576
Services Fee Expense (5,080,481) (5,355,815) (4,611,197)
Income from insurance activities 2,271,246 2,522,921 2,863,247
Net Service Fee Income 13,856,029 14,516,072 15,923,626
Subtotal 66,924,442 76,641,593 78,636,009
Results from exposure to changes in the purchasing power of money (7,807,754) (6,475,891) (11,013,521)
Other operating income 5,376,874 5,704,765 5,661,877
Loan loss provisions (8,929,921) (13,003,712) (15,898,709)
Net operating income 55,563,641 62,866,755 57,385,656
Personnel expenses 25,591,322 27,436,458 29,106,597
Administration expenses 15,355,579 15,574,998 15,563,088
Depreciation and impairment of non-financial assets 4,225,142 3,633,207 3,729,019
Other operating expenses 11,848,049 9,924,079 13,065,832
(Loss)/ Income before taxes (1,456,451) 6,298,013 (4,078,880)
Income tax (279,907) (1,013,887) (346,658)
Net (Loss) / income for the year (1,736,358) 5,284,126 (4,425,538)
Net (Loss) / income for the year attributable to owners of the parent company (1,734,541) 5,282,780 (4,421,383)
Net income / (loss) for the year attributable to non-controlling interests (1,817) 1,346 (4,155)
NUMERATOR      
Net income / (loss) for the year attributable to owners of the parent company (1,734,541) 5,282,780 (4,421,383)
Net income attributable to owners of the parent company adjusted by dilution $ (1,734,541) $ 5,282,780 $ (4,421,383)
DENOMINATOR      
Weighted average of ordinary shares 456,722 456,722 456,722
PLUS: Weighted average of number of ordinary shares issued with dilution effect. 0    
Weighted average of number of ordinary shares issued of the period adjusted by dilution effect 456,722 456,722 456,722
Basic Income per share $ (3.80) $ 11.57 $ (9.68)
Diluted Income per share $ (3.80) $ 11.57 $ (9.68)