XML 90 R67.htm IDEA: XBRL DOCUMENT

RISK MANAGEMENT POLICIES (Tables)

12 Months Ended

Dec. 31, 2021

RISK MANAGEMENT POLICIES

Summary of maximum credit risk exposure


		December 31, 2021
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Overdrafts		37,128,510		672,216		173,348		37,974,074
Promissory Notes		11,278,606		432,712		1,338,004		13,049,322
Unsecured Corporate Loans		13,288,933		279,934		117,054		13,685,921
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
Retail		20,542,487		3,346,918		834,584		24,723,989
Consumer Finance		4,305,636		525,087		1,732,827		6,563,550
Credit Card Loans		60,606,206		4,259,328		1,428,481		66,294,015
Retail		50,628,708		3,766,160		381,020		54,775,888
Consumer Finance		9,977,498		493,168		1,047,461		11,518,127
Receivables from Financial Leases		5,813,309		411,487		46,062		6,270,858
Foreign Trade Loans		9,859,886		2,196,320		1,697,453		13,753,659
Other Financings		4,252,304		247,169		83,122		4,582,595
Other Receivables from Financial Transactions		3,059,297		40,314		113,309		3,212,920
Total		187,709,767		14,030,914		8,156,948		209,897,629


		December 31, 2020
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Overdrafts		27,514,098		922,027		220,763		28,656,888
Promissory Notes		18,728,720		1,197,805		3,561,404		23,487,929
Unsecured Corporate Loans		18,892,137		430,301		457,154		19,779,592
Mortgage Loans		11,916,817		3,197,483		1,576,581		16,690,881
Automobile and other secured loans		1,852,825		471,547		531,734		2,856,106
Personal Loans		28,749,129		2,192,558		941,893		31,883,580
Retail		23,449,155		2,151,139		770,118		26,370,412
Consumer Finance		5,299,974		41,419		171,775		5,513,168
Credit Card Loans		65,920,810		4,707,126		587,387		71,215,323
Retail		57,813,293		3,974,723		367,492		62,155,508
Consumer Finance		8,107,517		732,403		219,895		9,059,815
Receivables from Financial Leases		4,252,607		328,028		230,669		4,811,304
Foreign Trade Loans		14,427,055		2,392,460		2,870,700		19,690,215
Other Financings		5,674,094		1,126,082		246,490		7,046,666
Other Receivables from Financial Transactions		3,843,583		51,376		90,114		3,985,073
Total		201,771,875		17,016,793		11,314,889		230,103,557

Summary of exposure to the Group's exchange risk by currency type


		Balances as of 12/31/2021								Balances as of 12/31/2020
		Monetary		Monetary						Monetary		Monetary
		Financial		Financial				Net		Financial		Financial				Net
Currency		Assets		Liabilities		Derivatives		Position		Assets		Liabilities		Derivatives		Position
US Dollar		41,198,482		36,422,195		7,367		4,783,654		64,753,045		53,900,933		798		10,852,910
Euro		923,079		855,301		—		67,778		1,471,024		1,184,919		—		286,105
Others		313,247		7,919		—		305,328		442,533		9,370		—		433,163
Total		42,434,808		37,285,415		7,367		5,156,760		66,666,602		55,095,222		798		11,572,178

Summary of sensitivity analysis performed reasonably possible changes in foreign exchange rates


				12/31/2021						12/31/2020
Currency		Variation		P/L		Equity		Variation		P/L		Equity
US Dollar		52.50	%	2,509,382		2,509,382		40.20	%	4,057,089		4,057,089
		(52.50)	%	(2,509,382)		(2,509,382)		(40.20)	%	(4,057,089)		(4,057,089)
Euro		52.50	%	35,555		35,555		40.20	%	114,655		114,655
		(52.50)	%	(35,555)		(35,555)		(40.20)	%	(114,655)		(114,655)
Other		52.50	%	160,167		160,167		40.20	%	174,093		174,093
		(52.50)	%	(160,167)		(160,167)		(40.20)	%	(174,093)		(174,093)
Total		52.50	%	2,705,104		2,705,104		40.20	%	4,345,838		4,345,838
		(52.50)	%	(2,705,104)		(2,705,104)		(40.20)	%	(4,345,837)		(4,345,837)

Summary of exposure to interest rate risk

Term in days

Assets and Liabilities

Up to 30

From 30 to 90

from 90 to 180

from 180 to 365

More than 365

Total

To 12/31/2021

Total Financial Assets

167,930,968

39,268,945

35,681,468

23,350,316

92,585,212

358,816,909

Total Financial Liabilities

(170,806,220)

(42,873,914)

(8,119,354)

(560,903)

(105,434,009)

(327,794,400)

Net Amount

(2,875,252)

(3,604,969)

27,562,114

22,789,413

(12,848,797)

31,022,509

Term in days

Assets and Liabilities

Up to 30

From 30 to 90

from 90 to 180

from 180 to 365

More than 365

Total

To 12/31/2020

Total Financial Assets

142,205,295

35,144,963

33,032,399

21,119,157

115,218,851

346,720,665

Total Financial Liabilities

(166,486,491)

(35,780,295)

(7,646,899)

(2,264,887)

(104,878,279)

(317,056,851)

Net Amount

(24,281,196)

(635,332)

25,385,500

18,854,270

10,340,572

29,663,814

Summary of sensitivity to reasonably possible additional variation in interest rates for next year


		12/31/2021				12/31/2020
				Increase / (decrease)				Increase / (decrease)
Items		Additional variation in		in the income		Additional variation in		in the income
		the interest rate		statement		the interest rate		statement
Decrease in the interest rate		4% ARS; 2% USD		260,905		4% ARS; 2% USD		(654,631)
Increase in the interest rate		4% ARS; 2% USD		(260,112)		4% ARS; 2% USD		650,546

Schedule of concentration of loans and deposits


		Loans and other financing
		12/31/2021				12/31/2020
Number of Clients		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		13,155,387		7.9%		17,090,229		9.9%
50 following largest customers		21,266,376		12.8%		24,209,408		14.1%
100 following largest customers		17,301,047		10.5%		15,301,427		8.9%
Rest of customers		113,799,338		68.8%		115,200,554		67.1%
TOTAL		165,522,148		100.0%		171,801,618		100.0%


		Deposits
		12/31/2021				12/31/2020
Number of customers		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		95,276,777		33.0%		74,049,170		27.5%
50 following largest customers		48,457,386		16.8%		45,028,876		16.7%
100 following largest customers		15,105,120		5.2%		14,280,185		5.3%
Rest of customers		129,618,813		44.9%		136,286,310		50.5%
TOTAL		288,458,096		100.0%		269,644,541		100.0%

Summary of analysis of the assets and liabilities maturities


		Less than		From 1 to		From 3 to		From 6 months to		From 1 to		More than
As of 12/31/2021		1 month		3 months		6months		1 years		2 years		2 years		Total
Loans and other financing		86,696,816		27,058,005		34,340,407		20,280,268		36,396,208		110,910,750		315,682,454
To the non-financial public sector		13,253		2,881		4,321		5,023		—		—		25,478
To the financial sector		5,180		4,849		7,479		21,872		67,105		50,329		156,814
To the Non-Financial Private Sector and Foreign residents		86,678,383		27,050,275		34,328,607		20,253,373		36,329,103		110,860,421		315,500,162
TOTAL ASSETS		86,696,816		27,058,005		34,340,407		20,280,268		36,396,208		110,910,750		315,682,454
Deposits		255,925,278		32,382,246		2,522,656		134,449		3,978		335		290,968,942
Non-financial public sector		9,343,440		2,000,907		197,876		—		—		—		11,542,223
Financial sector		39,099		—		—		—		—		—		39,099
Non-financial private sector and foreign residents		246,542,739		30,381,339		2,324,780		134,449		3,978		335		279,387,620
Liabilities at fair value through profit or loss		2,053,216		—		—		—		—		—		2,053,216
Repo transactions		—		—		—		—		—		—		—
Other financial liabilities		22,545,702		172,028		244,065		431,714		390,562		541,851		24,325,922
Financing received from the Argentine Central Bank and other financial institutions		2,975,606		678,008		2,989,303		202,592		241,388		369,267		7,456,164
Unsubordinated debt securities		—		686,327		145,532		300,876		686,327		—		1,819,062
TOTAL LIABILITIES		283,499,802		33,918,609		5,901,556		1,069,631		1,322,255		911,453		326,623,307