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LOANS AND OTHER FINANCING (Tables)

12 Months Ended

Dec. 31, 2021

LOANS AND OTHER FINANCING

Summary of composition of loan portfolio

As of December 31, 2021 and 2020 the composition of the loan portfolio is as follows:


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2021
Promissory notes		37,128,510		672,216		173,348		37,974,074

Unsecured corporate loans		11,278,606		432,712		1,338,004		13,049,322
Overdrafts		4,941,421		139,929		117,054		5,198,404
Mortgage loans		14,335,616		1,211,860		320,803		15,868,279
Automobile and other secured loans		3,238,977		407,569		271,901		3,918,447
Personal loans		24,848,123		3,872,005		2,567,411		31,287,539
Credit card loans		26,960,062		2,673,520		1,428,481		31,062,063
Foreign Trade Loans		9,859,886		2,196,320		1,697,453		13,753,659
Other financings		3,601,638		242,459		83,122		3,927,219
Other receivables from financial transactions		3,058,661		40,314		113,308		3,212,283
Receivables from financial leases		5,813,309		411,487		46,063		6,270,859
Subtotal		145,064,809		12,300,391		8,156,948		165,522,148
Allowances for loan losses		(1,825,277)		(2,642,379)		(5,580,163)		(10,047,819)
Total		143,239,532		9,658,012		2,576,785		155,474,329


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2020
Promissory notes		27,514,098		922,027		220,763		28,656,888
Unsecured corporate loans		18,728,720		1,197,805		3,561,404		23,487,929
Overdrafts		3,071,077		240,830		457,154		3,769,061
Mortgage loans		11,916,818		3,197,483		1,576,581		16,690,882
Automobile and other secured loans		1,852,825		471,548		531,734		2,856,107
Personal loans		28,749,130		2,192,557		941,892		31,883,579
Credit card loans		26,294,177		2,776,595		587,386		29,658,158
Foreign Trade Loans		14,427,056		2,392,460		2,870,700		19,690,216
Other financings		4,971,812		1,095,063		246,489		6,313,364
Other receivables from financial transactions		3,843,013		51,000		90,114		3,984,127
Receivables from financial leases		4,252,607		328,028		230,669		4,811,304
Subtotal		145,621,333		14,865,396		11,314,886		171,801,615
Allowances for loan losses		(2,801,943)		(3,001,823)		(6,912,633)		(12,716,399)
Total		142,819,390		11,863,573		4,402,253		159,085,216

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		145,621,333		14,865,396		11,314,887		171,801,616		2,801,943		3,001,823		6,912,635		12,716,401
Transfers
1 to 2		(2,706,703)		2,706,703		—		—		(143,762)		738,400		—		594,638
1 to 3		(1,669,225)		—		1,669,225		—		(213,280)		—		2,489,899		2,276,619
2 to 3		—		(345,905)		345,905		—		—		(214,718)		395,987		181,269
2 to 1		2,472,284		(2,472,284)		—		—		28,625		(371,684)		—		(343,059)
3 to 2		—		436,312		(436,312)		—		—		102,955		(427,790)		(324,835)
3 to 1		549,224		—		(549,224)		—		(799)		—		(289,617)		(290,416)
Net changes of financial assets		1,103,670		(2,208,067)		874,515		(229,882)		786,772		284,880		1,701,582		2,773,234
Write-Offs		(1,460,146)		(927,797)		(5,217,593)		(7,605,536)		(1,460,146)		(927,797)		(5,217,593)		(7,605,536)
Exchange Differences and Others		1,154,372		246,032		155,546		1,555,950		25,924		28,520		15,060		69,504
Gross carrying amount at December 31, 2021		145,064,809		12,300,390		8,156,949		165,522,148		1,825,277		2,642,379		5,580,163		10,047,819


		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		171,911,741		9,571,995		13,247,969		194,731,705		3,298,489		1,723,489		8,852,772		13,874,750
Transfers
1 to 2		(4,852,066)		4,852,066		—		—		(176,175)		1,634,428		—		1,458,253
1 to 3		(2,330,308)		—		2,330,308		—		(54,807)		—		3,744,912		3,690,105
2 to 3		—		(1,277,483)		1,277,483		—		—		(335,559)		1,120,179		784,620
2 to 1		1,234,686		(1,234,686)		—		—		51,073		(188,137)		—		(137,064)
3 to 2		—		55,376		(55,376)		—		—		15,826		(59,281)		(43,455)
3 to 1		70,542		—		(70,542)		—		2,133		—		(68,147)		(66,014)
Net changes of financial assets		(23,213,643)		4,131,246		(80,391)		(19,162,788)		1,257,132		1,850,908		(689,803)		2,418,237
Write-Offs		(1,696,215)		(1,737,832)		(6,192,773)		(9,626,820)		(1,696,216)		(1,737,831)		(6,192,773)		(9,626,820)
Exchange Differences and Others		4,496,596		504,714		858,209		5,859,519		120,314		38,699		204,776		363,789
Gross carrying amount at December 31, 2020		145,621,333		14,865,396		11,314,887		171,801,616		2,801,943		3,001,823		6,912,635		12,716,401

Summary of financial assets


				Allowances
		Gross		for loans				Fair value of
Credit Impaired loans		exposure		losses		Book value		collateral
Overdrafts		117,054		91,522		25,532		—
Financial Lease		46,062		28,345		17,717		28,720
Documents		173,348		89,361		83,987		856,145
Mortgage loans		320,803		180,769		140,034		11,928
Personal loans		2,567,411		2,423,057		144,354		—
Pledge loans		271,901		188,118		83,783		150,505
Credit cards		1,428,481		1,344,741		83,740		2,125
Other		3,231,888		1,234,251		1,997,637		1,451,123
Total		8,156,948		5,580,164		2,576,784		2,500,546

Summary of withdrawal financial assets from its balance sheet


		12.31.2021		12.31.2020
Balance at the beginning of the year		10,864,898		7,909,885
Additions		7,605,536		9,626,820
Disposals		(3,244,896)		(1,855,095)
Cash collection		(1,093,450)		(830,359)
Portfolio sales		(533,986)		(116,402)
Condonation		(1,617,460)		(908,334)
Exchange differences and other movements		(7,325,988)		(4,816,712)
Gross carrying amount		7,899,550		10,864,898