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COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT (Tables)

12 Months Ended

Dec. 31, 2023

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT

Summary of debt securities at fair value through profit or loss


		12/31/2023		12/31/2022
Government securities		43,859,127		49,031,485
Corporate securities		2,556,695		20,676,110
		46,415,822		69,707,595

Schedule of derivatives


		12/31/2023		12/31/2022
Debtor balances related to forward operations in foreign currency to be settled in pesos		2,869,609		634,487
Debtor balances related to forward operations in foreign currency		158,431		182,977
Put option taken		767,053		102,917
		3,795,093		920,381

Summary of other financial assets


		12/31/2023		12/31/2022
Participation Certificates in Financial Trusts		635,332		493,273
Investments in Asset Management and Other Services		6,890,718		6,739,434
Other investments		3,113,100		3,209,561
Receivable from spot sales pending settlement		24,966,331		7,459,195
Several debtors		10,815,142		7,288,751
Miscellaneous debtors for credit card operations		495,366		520,368
Allowances for loan losses		(416,205)		(464,391)
		46,499,784		25,246,191

Summary of other debt securities


		12/31/2023		12/31/2022
Negotiable obligations		12,667,045		17,622,462
Debt securities from Financial trusts		4,590,978		—
Government securities		160,021,031		116,816,092
Securities issued by BCRA		76,082,442		707,388,671
Others		89		149
Allowances for loan losses		(2,181,044)		(1,851,807)
		251,180,541		839,975,567

Summary of financial assets in guarantee


		12/31/2023		12/31/2022
Guarantee securities for repo operations		972,694		—
Special guarantees accounts in the Argentine Central Bank		21,763,021		32,058,218
Deposits in guarantee		23,646,891		12,998,311
		46,382,606		45,056,529

Summary of inventories


		12/31/2023		12/31/2022
Electronics		—		208,923
		—		208,923

Summary of non-financial assets


		12/31/2023		12/31/2022
Other Miscellaneous assets		8,538,030		7,694,702
Loans to employees		2,134,276		2,678,478
Payments in advance		5,948,058		4,151,472
Other non-financial assets		154,060		374,811
Retirement Plan		547,973		387,914
Works of art and collector's pieces		253,347		257,559
Insurance Contract assets		1,187,065		1,096,286
Asset from insurance broker operations		1,020		6,506
		18,763,829		16,647,728

Summary of deposits


		12/31/2023		12/31/2022
Non-financial sector		100,747,830		86,705,591
Financial sector		476,539		315,861
Current accounts		138,589,508		157,491,710
Special checking accounts		731,973,085		556,908,441
Savings accounts		241,809,018		287,593,196
Time deposits and investments accounts		177,192,264		469,431,207
Investment accounts		122,036,731		100,826,533
Others		15,838,471		19,700,970
Interest and Adjustments		20,264,610		26,036,074
		1,548,928,056		1,705,009,583

Summary of liabilities at fair value through profit or loss


		12/31/2023		12/31/2022
Liabilities for transactions in local currency		607,903		3,955,167
Liabilities for transactions in foreign currency		—		2,706,372
		607,903		6,661,539

Summary of other financial liabilities


		12/31/2023		12/31/2022
Amounts payable for spot transactions pending settlement		14,473,367		6,423,474
Collections and other operations on behalf of third parties		55,096,905		44,801,930
Unpaid fees		12,075		11,460
Financial guarantee contracts		42,076		75,990
Liabilities associated with the transfer of financial assets not derecognized		—		—
Lease liability		2,857,505		4,884,311
Others		257,000		184,690
		72,738,928		56,381,855

Summary of financing received from the Argentine Central Bank and other financial institutions


		12/31/2023		12/31/2022
Financing received from local financial institutions		2,436,173		11,893,380
Financing received from international institutions		255,796		5,326,454
		2,691,969		17,219,834

Summary of provisions


		12/31/2023		12/31/2022
Eventual commitments		411,663		271,445
Unused Balances of Credit Cards		1,456,978		1,387,991
Restructuring expenses		6,000,000		—
Other contingencies		7,029,026		3,608,510
		14,897,667		5,267,946

Summary of other non-financial liabilities


		12/31/2023		12/31/2022
Payroll and social securities		32,249,269		35,247,707
Sundry creditors		18,833,238		24,404,194
Revenue from contracts with customers (1)		908,005		1,021,454
Tax payable		19,681,363		22,066,310
Social security payment orders pending settlement		1,278,348		2,329,528
Reinsurance contract liabilities		5,032		187,838
Liabilities from insurance broker operations		41,453		13,131
Other		203,589		321,003
		73,200,297		85,591,165

Summary of maturity of revenue from contract with customers


		Maturity
		Up to 12		Up to 24		More than
Item		months		months		24 months		Total
Revenue from contracts with customers		321,665		164,667		421,673		908,005

Summary of interest income


		12/31/2023		12/31/2022		12/31/2021
Interest on overdrafts		44,410,794		23,471,096		19,005,461
Interest on promissory notes		67,470,691		64,028,835		67,907,777
Interest on personal loans		66,454,064		92,146,481		117,692,377
Interest on corporate unsecured loans		96,127,460		50,712,155		41,967,396
Interest on credit card loans		42,005,274		45,870,806		35,957,060
Interest on mortgage loans		62,359,572		56,407,739		42,843,345
Interest on automobile and other secured loan		12,574,777		13,122,573		9,393,313
Interest on foreign trade loans		3,180,062		4,010,233		7,543,367
Interest on financial leases		17,868,411		14,262,772		9,591,489
Interest on public and private securities measured at amortized cost		567,893,807		387,019,350		167,862,434
Other		177,352,343		33,302,307		107,654,661
Total		1,157,697,255		784,354,347		627,418,680

Summary of interests expenses


		12/31/2023		12/31/2022		12/31/2021
Interest on current accounts deposits		374,828,604		211,185,911		128,233,675
Interest on time deposits		439,013,593		295,156,581		228,048,956
Interest on other financial liabilities		3,621,357		3,968,644		8,388,702
Interest from financing sector		2,772,705		3,356,878		1,108,873
Other		5,257,828		1,731,380		1,210,330
Total		825,494,087		515,399,394		366,990,536

Summary of net income from financial instruments at fair value through profit or loss


		12/31/2023		12/31/2022		12/31/2021
Income from corporate and government securities		127,798,716		51,452,910		42,190,171
Income from securities issued by the Argentine Central Bank		—		3,303,523		2,120,331
Derivatives		10,282,330		2,065,245		9,613,101
Total		138,081,046		56,821,678		53,923,603

Summary of service fee income


		12/31/2023		12/31/2022		12/31/2021
Commissions from deposits accounts		37,391,888		38,148,025		39,408,942
Commissions from credit and debit cards		20,594,231		29,729,082		30,250,743
Commissions from loans operations		368,893		950,232		960,528
Other Commissions		34,770,240		25,650,838		30,471,421
Total		93,125,252		94,478,177		101,091,634

Summary of service fee expenses


		12/31/2023		12/31/2022		12/31/2021
Commissions paid		23,620,557		32,604,729		30,075,296
Export and foreign currency operations		555,520		787,995		742,947
Total		24,176,077		33,392,724		30,818,243

Summary of income from insurance activities


		12/31/2023		12/31/2022		12/31/2021
Accrued premiums - Under IFRS 4		—		—		21,665,483
Accrued losses - Under IFRS 4		—		—		(4,228,281)
Production expenses Under IFRS 4		—		—		(3,659,805)
Insurance revenue		18,566,744		19,169,750		—
Insurance service expenses		(5,743,306)		(5,905,884)		—
Net expenses from reinsurance contracts held		(111,599)		(398,421)		—
Broker activity operations		1,719,474		1,238,709		—
Total		14,431,313		14,104,154		13,777,397

Summary of other operating incomes


		12/31/2023		12/31/2022		12/31/2021
Reversal of allowance for loan losses and assets written down		5,502,611		10,127,903		10,395,360
Insurance commissions		—		—		1,535
Rental from safety boxes		2,050,948		2,375,006		2,332,362
Returns of risk funds		—		4,867,260		7,524,773
Commissions from trust services		178,265		253,243		270,489
Adjustment of various credits		2,472,547		1,363,146		1,039,392
Sale of fixed assets		4,567		89,106		54,322
Punitive interest		2,318,899		2,056,982		1,775,727
Others		11,160,910		11,538,428		9,222,204
Total		23,688,747		32,671,074		32,616,164

Summary of personnel expenses


		12/31/2023		12/31/2022		12/31/2021
Payroll and social securities		150,064,085		154,276,818		143,807,941
Others expenses		10,331,367		13,548,690		11,429,240
Total		160,395,452		167,825,508		155,237,181

Summary of administration expenses


		12/31/2023		12/31/2022		12/31/2021
Directors´ and statutory auditors’fees		3,291,819		2,484,677		2,468,332
Professional fees		25,006,003		25,862,516		27,265,430
Advertising and publicity		4,737,212		6,893,010		6,966,569
Taxes		20,408,129		20,091,751		20,511,740
Maintenance, security and services		19,653,248		21,561,754		24,972,701
Rent		66,400		245,871		476,043
Others		11,275,883		11,807,229		10,486,259
Total		84,438,694		88,946,808		93,147,074

Summary of depreciation and impairment of non-financial assets


		12/31/2023		12/31/2022		12/31/2021
Depreciation of property, plant and equipment		4,628,095		5,610,128		5,049,540
Depreciation of other non-financial assets		2,833,824		2,333,661		1,822,902
Depreciation of intangible assets		13,988,733		15,241,255		12,326,178
Depreciation of right-of-use assets		6,480,621		5,962,164		6,429,230
Impairment of goodwill		4,000,000		2,300,595		1,899
Total		31,931,273		31,447,803		25,629,749

Summary of other operating expenses


		12/31/2023		12/31/2022		12/31/2021
Promotions related with credit cards		4,750,720		5,400,008		5,516,101
Turnover tax		54,968,898		53,620,247		49,385,226
Fair value on initial recognition of loans		207,342		479,836		1,193,719
Contributions made to deposit insurance system		2,350,765		2,787,276		2,981,108
Loan and credit card balance adjustments		1,241,563		3,047,451		1,138,924
Interest on liabilities for financial leases		33,690		1,555,148		1,633,744
Coverage services		27,556		42,850		99,604
Others allowances		10,957,512		7,279,351		3,615,679
Devaluation of investment properties		7,012,278		2,503,275		2,675,231
Others		12,739,388		6,209,579		3,631,010
Total		94,289,712		82,925,021		71,870,346