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RISK MANAGEMENT POLICIES (Tables)

12 Months Ended

Dec. 31, 2023

RISK MANAGEMENT POLICIES

Summary of maximum credit risk exposure


		December 31, 2023
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
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		51,728,612		1,695,518		551,809		53,975,939
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		142,659,542		13,689,194		1,659,828		158,008,564
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
Total		541,510,005		38,561,349		12,308,901		592,380,255


		December 31, 2022
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
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		58,650,927		797,854		540,015		59,988,796
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		313,311,575		29,945,881		7,333,522		350,590,978
Receivables from Financial Leases		33,477,384		631,715		120,561		34,229,660
Foreign Trade Loans		40,165,053		5,760,515		4,610,063		50,535,631
Other Financings		40,777,931		505,639		206,753		41,490,323
Other Receivables from Financial Transactions		7,505,348		283,228		304,905		8,093,481
Total		905,046,594		69,406,562		29,178,222		1,003,631,378

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


		Balances as of 12/31/2023								Balances as of 12/31/2022
		Monetary		Monetary						Monetary		Monetary
		Financial		Financial				Net		Financial		Financial				Net
Currency		Assets		Liabilities		Derivatives		Position		Assets		Liabilities		Derivatives		Position
US Dollar		286,636,032		253,932,945		158,431		32,861,518		214,929,965		189,946,941		173,451		25,156,475
Euro		5,907,343		5,502,023		—		405,320		4,462,182		3,421,601		—		1,040,581
Others		3,764,558		64,651		—		3,699,907		1,489,376		37,034		—		1,452,342
Total		296,307,933		259,499,619		158,431		36,966,745		220,881,523		193,405,576		173,451		27,649,398

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


				12/31/2023						12/31/2022
Currency		Variation		P/L		Equity		Variation		P/L		Equity
US Dollar		242.30	%	79,605,198		79,605,198		85.70	%	19,097,099		19,097,099
US Dollar		(242.30)	%	(79,605,198)		(79,605,198)		(85.70)	%	(19,097,099)		(19,097,099)
Euro		242.30	%	982,053		982,053		85.70	%	892,205		892,205
Euro		(242.30)	%	(982,053)		(982,053)		(85.70)	%	(892,205)		(892,205)
Other		242.30	%	8,964,534		8,964,534		85.70	%	1,245,257		1,245,257
Other		(242.30)	%	(8,964,534)		(8,964,534)		(85.70)	%	(1,245,257)		(1,245,257)
Total		242.30	%	89,551,785		89,551,785		85.70	%	21,234,561		21,234,561
		(242.30)	%	(89,551,785)		(89,551,785)		(85.70)	%	(21,234,561)		(21,234,561)

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 12/31/2023

Total Financial Assets

1,367,597,996

201,843,376

75,283,526

25,674,272

233,501,535

1,903,900,705

Total Financial Liabilities

(1,123,780,666)

(182,804,117)

(99,006,907)

(14,104,522)

(1,693,776)

(1,421,389,988)

Net Amount

243,817,330

19,039,259

(23,723,381)

11,569,750

231,807,759

482,510,717

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

1,217,782,647

157,102,640

113,969,851

43,914,002

465,883,744

1,998,652,884

Total Financial Liabilities

(916,770,479)

(143,998,663)

(106,865,350)

(1,113,500)

(515,361,769)

(1,684,109,761)

Net Amount

301,012,168

13,103,977

7,104,501

42,800,502

(49,478,025)

314,543,123

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


		12/31/2023				12/31/2022
				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		(9,017,557)		4% ARS; 2% USD		(458,588)
Increase in the interest rate		4% ARS; 2% USD		8,615,049		4% ARS; 2% USD		617,802

Schedule of concentration of loans and deposits


		Loans and other financing
		12/31/2023				12/31/2022
Number of Clients		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		69,087,338		13.8%		68,238,639		8.9%
50 following largest customers		123,526,823		24.7%		124,053,825		16.2%
100 following largest customers		92,511,436		18.5%		96,004,018		12.5%
Rest of customers		214,778,315		43.0%		478,238,672		62.4%
TOTAL		499,903,912		100.0%		766,535,154		100.0%


		Deposits
		12/31/2023				12/31/2022
Number of customers		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		662,055,214		42.7%		571,545,441		33.5%
50 following largest customers		347,109,915		22.4%		379,200,150		22.2%
100 following largest customers		66,447,114		4.3%		94,183,414		5.5%
Rest of customers		473,315,813		30.6%		660,080,578		38.7%
TOTAL		1,548,928,056		100.0%		1,705,009,583		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 12/31/2023		1 month		3 months		6months		1 years		2 years		2 years		Total
Loans and other financing		306,353,057		113,373,676		115,578,523		136,200,679		155,987,345		283,308,741		1,110,802,021
To the non-financial public sector		1,832,047		-		170,430		170,430		340,860		852,150		3,365,917
To the financial sector		2,789,465		185,831		324,232		670,385		902,442		166,635		5,038,990
To the Non-Financial Private Sector and Foreign residents		301,731,545		113,187,845		115,083,861		135,359,864		154,744,043		282,289,956		1,102,397,114
TOTAL ASSETS		306,353,057		113,373,676		115,578,523		136,200,679		155,987,345		283,308,741		1,110,802,021
Deposits		1,414,396,480		46,551,007		128,375,672		20,894,066		-		-		1,610,217,225
Non-financial public sector		104,224,359		167,400		-		-		-		-		104,391,759
Financial sector		476,539		-		-		-		-		-		476,539
Non-financial private sector and foreign residents		1,309,695,582		46,383,607		128,375,672		20,894,066		-		-		1,505,348,927
Liabilities at fair value through profit or loss		607,903		-		-		-		-		-		607,903
Repo Transactions		940,332		-		-		-		-		-		940,332
Other financial liabilities		78,021,141		404,753		549,577		909,190		1,100,630		587,297		81,572,588
Financing received from the Argentine Central Bank and other financial institutions		461,013		390,562		525,110		996,772		1,424,113		943,488		4,741,058
TOTAL LIABILITIES		1,494,426,869		47,346,322		129,450,359		22,800,028		2,524,743		1,530,785		1,698,079,106