XML 87 R67.htm IDEA: XBRL DOCUMENT

RISK MANAGEMENT POLICIES (Tables)

12 Months Ended

Dec. 31, 2022

RISK MANAGEMENT POLICIES

Summary of maximum credit risk exposure


		December 31, 2022
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Promissory Notes		34,148,294		338,608		134,129		34,621,031
Unsecured Corporate Loans		39,685,295		350,203		1,325,496		41,360,994
Overdrafts		18,834,132		256,209		173,411		19,263,752
Mortgage Loans		22,370,809		2,004,852		709,661		25,085,322
Automobile and other secured loans		6,272,346		1,266,879		405,197		7,944,422
Personal Loans		29,555,460		6,148,950		2,583,516		38,287,926
Retail		29,555,460		6,148,950		2,583,516		38,287,926
Consumer Finance		—		—		—		—
Credit Card Loans		100,611,395		9,616,296		2,354,959		112,582,650
Retail		100,611,395		9,616,296		2,354,959		112,582,650
Consumer Finance		—		—		—		—
Receivables from Financial Leases		10,750,341		202,858		38,715		10,991,914
Foreign Trade Loans		12,897,902		1,849,831		1,480,395		16,228,128
Other Financings		13,094,711		162,372		66,393		13,323,476
Other Receivables from Financial Transactions		2,410,136		90,951		97,912		2,598,999
Total		290,630,821		22,288,009		9,369,784		322,288,614


		December 31, 2021
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Promissory Notes		72,323,806		1,309,431		337,670		73,970,907
Unsecured Corporate Loans		21,969,956		842,893		2,606,341		25,419,190
Overdrafts		25,885,935		545,292		228,014		26,659,241
Mortgage Loans		27,924,802		2,360,621		624,903		30,910,326
Automobile and other secured loans		6,309,306		793,917		529,645		7,632,868
Personal Loans		48,402,450		7,542,402		5,001,142		60,945,994
Retail		40,015,365		6,519,568		1,625,713		48,160,646
Consumer Finance		8,387,085		1,022,834		3,375,429		12,785,348
Credit Card Loans		118,056,758		8,296,881		2,782,582		129,136,221
Retail		98,621,271		7,336,223		742,201		106,699,695
Consumer Finance		19,435,487		960,658		2,040,381		22,436,526
Receivables from Financial Leases		11,323,930		801,549		89,728		12,215,207
Foreign Trade Loans		19,206,386		4,278,282		3,306,523		26,791,191
Other Financings		8,283,198		481,468		161,917		8,926,583
Other Receivables from Financial Transactions		5,959,301		78,529		220,716		6,258,546
Total		365,645,828		27,331,265		15,889,181		408,866,274

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


		Balances as of 12/31/2022								Balances as of 12/31/2021
		Monetary		Monetary						Monetary		Monetary
		Financial		Financial				Net		Financial		Financial				Net
Currency		Assets		Liabilities		Derivatives		Position		Assets		Liabilities		Derivatives		Position
US Dollar		67,887,912		60,791,253		55,699		7,152,358		80,251,834		70,947,953		14,350		9,318,231
Euro		1,432,907		1,098,753		—		334,154		1,798,095		1,666,068		—		132,027
Others		478,272		11,892		—		466,380		610,183		15,426		—		594,757
Total		69,799,091		61,901,898		55,699		7,952,892		82,660,112		72,629,447		14,350		10,045,015

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


				12/31/2022						12/31/2021
Currency		Variation		P/L		Equity		Variation		P/L		Equity
US Dollar		85.70	%	6,132,508		6,132,508		52.50	%	4,888,105		4,888,105
		(85.70)	%	(6,132,508)		(6,132,508)		(52.50)	%	(4,888,105)		(4,888,105)
Euro		85.70	%	286,507		286,507		52.50	%	69,259		69,259
		(85.70)	%	(286,507)		(286,507)		(52.50)	%	(69,259)		(69,259)
Other		85.70	%	399,880		399,880		52.50	%	311,994		311,994
		(85.70)	%	(399,880)		(399,880)		(52.50)	%	(311,994)		(311,994)
Total		85.70	%	6,818,895		6,818,895		52.50	%	5,269,358		5,269,358
		(85.70)	%	(6,818,895)		(6,818,895)		(52.50)	%	(5,269,358)		(5,269,358)

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 12/31/2022

Total Financial Assets

391,057,404

50,449,192

36,598,283

14,101,774

149,605,751

641,812,404

Total Financial Liabilities

(294,395,625)

(46,241,210)

(34,316,868)

(357,570)

(165,494,258)

(540,805,531)

Net Amount

96,661,779

4,207,982

2,281,415

13,744,204

(15,888,507)

101,006,873

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

327,118,076

76,493,228

69,505,067

45,484,824

180,349,681

698,950,876

Total Financial Liabilities

(332,718,871)

(83,515,461)

(15,815,948)

(1,092,601)

(205,378,261)

(638,521,142)

Net Amount

(5,600,795)

(7,022,233)

53,689,119

44,392,223

(25,028,580)

60,429,734

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


		12/31/2022				12/31/2021
				Increase / (decrease)				Increase / (decrease)
		Additional variation in		in the income		Additional variation in		in the income
Items		the interest rate		statement		the interest rate		statement
Decrease in the interest rate		4% ARS; 2% USD		147,263		4% ARS; 2% USD		508,225
Increase in the interest rate		4% ARS; 2% USD		198,390		4% ARS; 2% USD		(506,680)

Schedule of concentration of loans and deposits


		Loans and other financing
		12/31/2022				12/31/2021
Number of Clients		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		21,912,962		8.8%		25,625,797		7.9%
50 following largest customers		39,836,474		16.1%		41,425,451		12.8%
100 following largest customers		30,829,050		12.4%		33,701,260		10.5%
Rest of customers		155,234,764		62.6%		221,673,351		68.8%
TOTAL		247,813,250		100.0%		322,425,859		100.0%


		Deposits
		12/31/2022				12/31/2021
Number of customers		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		183,536,099		33.5%		185,592,666		33.0%
50 following largest customers		121,769,699		22.2%		94,391,684		16.8%
100 following largest customers		30,244,413		5.5%		29,423,744		5.2%
Rest of customers		211,966,724		38.7%		252,488,613		44.9%
TOTAL		547,516,935		100.0%		561,896,707		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 12/31/2022		1 month		3 months		6months		1 years		2 years		2 years		Total
Loans and other financing		134,800,349		39,924,133		39,821,269		43,539,498		57,706,654		163,290,339		479,082,242
To the non-financial public sector		37,701		67,738		—		70,540		143,822		588,234		908,035
To the financial sector		568,717		9,524		19,826		29,434		54,312		—		681,813
To the Non-Financial Private Sector and Foreign residents		134,193,931		39,846,871		39,801,443		43,439,524		57,508,520		162,702,105		477,492,394
TOTAL ASSETS		134,800,349		39,924,133		39,821,269		43,539,498		57,706,654		163,290,339		479,082,242
Deposits		485,569,501		30,307,792		44,596,340		1,242,712		335		—		561,716,680
Non-financial public sector		26,076,337		2,057,362		—		—		—		—		28,133,699
Financial sector		101,430		—		—		—		—		—		101,430
Non-financial private sector and foreign residents		459,391,734		28,250,430		44,596,340		1,242,712		335		—		533,481,551
Liabilities at fair value through profit or loss		2,139,170		—		—		—		—		—		2,139,170
Other financial liabilities		16,813,041		204,269		283,382		475,660		595,656		639,307		19,011,315
Financing received from the Argentine Central Bank and other financial institutions		2,263,340		852,999		697,528		1,213,618		1,201,893		856,451		7,085,829
Unsubordinated debt securities		293,278		829,167		—		—		—		—		1,122,445
TOTAL LIABILITIES		507,078,330		32,194,227		45,577,250		2,931,990		1,797,884		1,495,758		591,075,439