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LOANS AND OTHER FINANCING (Tables)

12 Months Ended

Dec. 31, 2023

LOANS AND OTHER FINANCING

Summary of composition of loan portfolio

As of December 31, 2023 and 2022 the composition of the loan portfolio is as follows:


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2023
Promissory notes		69,528,350		798,561		453,933		70,780,844
Unsecured corporate loans		94,147,532		1,789,054		526,952		96,463,538
Overdrafts		41,749,574		1,395,503		551,809		43,696,886
Mortgage loans		48,862,769		3,574,987		1,514,022		53,951,778
Automobile and other secured loans		12,769,662		2,298,694		258,972		15,327,328
Personal loans		43,000,760		7,283,041		1,615,016		51,898,817
Credit card loans		65,526,273		8,625,173		1,659,828		75,811,274
Foreign Trade Loans		23,287,364		4,009,797		5,625,562		32,922,723
Other financings		36,981,673		1,457,017		—		38,438,690
Other receivables from financial transactions		483,950		132,241		4,063		620,254
Receivables from financial leases		18,059,791		1,833,245		98,744		19,991,780
Subtotal		454,397,698		33,197,313		12,308,901		499,903,912
Allowances for loan losses		(4,559,430)		(5,097,963)		(7,791,435)		(17,448,828)
Total		449,838,268		28,099,350		4,517,466		482,455,084


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2022
Promissory notes		106,340,398		1,054,451		417,688		107,812,537
Unsecured corporate loans		123,583,042		1,090,559		4,127,696		128,801,297
Overdrafts		44,092,669		630,267		540,015		45,262,951
Mortgage loans		69,664,409		6,243,262		2,209,939		78,117,610
Automobile and other secured loans		19,532,565		3,945,158		1,261,814		24,739,537
Personal loans		92,037,962		19,148,300		8,045,266		119,231,528
Credit card loans		127,210,714		19,109,434		7,333,522		153,653,670
Foreign Trade Loans		40,165,053		5,760,515		4,610,063		50,535,631
Other financings		15,348,477		505,380		206,750		16,060,607
Other receivables from financial transactions		8,445,341		283,228		304,912		9,033,481
Receivables from financial leases		32,534,029		631,717		120,559		33,286,305
Subtotal		678,954,659		58,402,271		29,178,224		766,535,154
Allowances for loan losses		(9,453,324)		(9,112,579)		(19,494,502)		(38,060,405)
Total		669,501,335		49,289,692		9,683,722		728,474,749

Schedule of eventual responsibility


		December 31, 2023		December 31, 2022
Other guarantees granted		93,364,567		39,550,577
Responsibilities for foreign trade loans		12,785,060		3,983,919
Documentary loans		4,761,804		6,100,750
Overdrafts		569,642		760,987
Total eventual responsability		111,481,073		50,396,233

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		678,954,659		58,402,271		29,178,224		766,535,154		9,453,324		9,112,579		19,494,502		38,060,405
Transfers
Stage 1 to 2		(3,914,111)		3,914,111		—		—		(145,737)		341,203		—		195,466
Stage 1 to 3		(303,408)		—		303,408		—		(4,896)		—		224,691		219,795
Stage 2 to 3		—		(202,208)		202,208		—		—		(14,909)		85,417		70,508
Stage 2 to 1		2,482,348		(2,482,348)		—		—		42,549		(111,414)		—		(68,865)
Stage 3 to 2		—		38,181		(38,181)		—		—		5,016		(20,379)		(15,363)
Stage 3 to 1		25,952		—		(25,952)		—		490		—		(11,092)		(10,602)
Additions		437,486,557		—		—		437,486,557		11,353,751		—		—		11,353,751
Disposals		(170,758,908)		(11,739,962)		(7,085,326)		(189,584,196)		(12,267,665)		(2,564,209)		(5,202,920)		(20,034,794)
Interest accrual		59,400,087		3,619,436		5,060,605		68,080,128		53,229		299,254		2,677,636		3,030,119
Write-Offs		(1,839,190)		(4,207,426)		(9,586,970)		(15,633,586)		(1,839,190)		(4,207,426)		(9,586,970)		(15,633,586)
Portfolio sale		—		—		(5,814,155)		(5,814,155)		—		—		(5,662,526)		(5,662,526)
Exchange Differences and Others		6,157,397		17,929,896		7,439,173		31,526,466		2,779,792		5,849,164		14,384,334		23,013,290
Result from exposure to changes in the purchasing power of money		(553,293,685)		(32,074,638)		(7,324,133)		(592,692,456)		(4,866,217)		(3,611,295)		(8,591,258)		(17,068,770)
Gross carrying amount at December 31, 2023		454,397,698		33,197,313		12,308,901		499,903,912		4,559,430		5,097,963		7,791,435		17,448,828


		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		879,964,366		74,614,284		49,480,121		1,004,058,771		11,072,145		16,028,693		33,849,316		60,950,154
Transfers
Stage 1 to 2		(18,688,877)		18,688,877		—		—		(239,529)		1,487,641		—		1,248,112
Stage 1 to 3		(2,101,531)		—		2,101,531		—		(39,434)		—		2,032,421		1,992,987
Stage 2 to 3		—		(1,652,737)		1,652,737		—		—		(286,483)		1,362,499		1,076,016
Stage 2 to 1		11,262,861		(11,262,861)		—		—		(7,256)		(2,067,638)		—		(2,074,894)
Stage 3 to 2		—		732,518		(732,518)		—		—		(87,655)		(293,091)		(380,746)
Stage 3 to 1		656,849		—		(656,849)		—		(92,806)		—		(230,302)		(323,108)
Additions		407,434,273		27,119,635		9,013,943		443,567,851		3,249,561		3,616,371		7,647,421		14,513,353
Disposals		(218,516,270)		(13,635,329)		(7,438,591)		(239,590,190)		(1,318,045)		(2,427,827)		(5,162,127)		(8,907,999)
Net changes of financial assets		(381,600,438)		(25,556,814)		2,464,795		(404,692,457)		3,614,000		3,752,961		9,800,873		17,167,834
Write-Offs		(1,479,934)		(1,834,191)		(9,199,278)		(12,513,403)		(1,479,934)		(1,834,191)		(9,199,278)		(12,513,403)
Exchange Differences and Others		15,578,295		630,647		2,164,462		18,373,404		426,620		298,749		1,934,888		2,660,257
Result from exposure to changes in the purchasing power of money		(13,554,935)		(9,441,758)		(19,672,129)		(42,668,822)		(5,731,998)		(9,368,042)		(22,248,118)		(37,348,158)
Gross carrying amount at December 31, 2022		678,954,659		58,402,271		29,178,224		766,535,154		9,453,324		9,112,579		19,494,502		38,060,405

Summary of financial assets


				Allowances
		Gross		for loans				Fair value of
Credit Impaired loans		exposure		losses		Book value		collateral
Overdrafts		551,809		507,461		44,348		-
Financial Lease		98,744		81,439		17,305		34,794
Promissory Notes		453,933		342,285		111,648		73,270
Mortgage loans		1,514,022		736,553		777,469		814,204
Personal loans		1,615,016		1,532,260		82,756		-
Pledge loans		258,972		186,865		72,107		648,882
Credit cards		1,659,828		1,565,436		94,392		-
Other		6,156,577		2,839,136		3,317,441		2,953,136
Total		12,308,901		7,791,435		4,517,466		4,524,286

Summary of withdrawal financial assets from its balance sheet


		12.31.2023		12.31.2022
Balance at the beginning of the year		24,494,621		47,918,738
Additions		15,633,586		12,513,403
Disposals		(17,335,542)		(27,877,484)
Cash collection		(4,148,993)		(5,848,535)
Portfolio sales		(830,666)		(443,214)
Condonation		(12,355,883)		(21,585,735)
Exchange differences and other movements		(13,702,512)		(8,060,036)
Gross carrying amount		9,090,153		24,494,621