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Consolidated Income Statement - ARS ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Consolidated Income Statement      
Interest income $ 1,661,292,847 $ 2,521,043,538 $ 1,708,038,478
Interest expenses (888,013,611) (1,797,625,868) (1,122,352,416)
Net interest income 773,279,236 723,417,670 585,686,062
Net income from financial instruments measured at fair value through profit or loss 141,064,297 300,690,295 123,736,947
Result from derecognition of assets measured at amortized cost 82,063,602 36,708,632 3,335,307
Exchange rate differences on gold and foreign currency 9,272,117 12,632,268 18,600,899
Net Income From Financial instruments And Exchange Rate Differences 232,400,016 350,031,195 145,673,153
Net Financial Income 1,005,679,252 1,073,448,865 731,359,215
Service Fee Income 195,703,684 202,792,927 205,739,105
Service Fee Expense (42,580,483) (52,646,702) (72,717,207)
Income from insurance activities 24,994,738 31,426,151 30,713,717
Net Service Fee Income 178,117,939 181,572,376 163,735,615
Subtotal 1,183,797,191 1,255,021,241 895,094,830
Results from exposure to changes in the purchasing power of money (305,891,382) (237,195,789) (120,362,179)
Other operating income 39,193,274 51,585,475 71,145,716
Impairment losses on financial assets (59,513,217) (73,255,839) (96,098,277)
Net operating income 857,585,866 996,155,088 749,780,090
Personnel expenses (293,324,953) (349,282,955) (365,462,914)
Administration expenses (174,327,118) (183,876,763) (193,693,796)
Depreciation and impairment of non-financial assets (52,584,122) (69,534,698) (68,481,877)
Other operating expenses (194,482,478) (205,328,699) (180,580,532)
Income / (Loss) before taxes 142,867,195 188,131,973 (58,439,029)
Income tax (38,297,900) (75,640,054) 24,311,301
Net Income / (Loss) for the year 104,569,295 112,491,919 (34,127,728)
Net Income / (Loss) for the year attributable to owners of the parent company 104,493,377 112,400,519 (34,090,702)
Net Income / (Loss) for the year attributable to non-controlling interests 75,918 91,400 (37,026)
NUMERATOR      
Net Income / (Loss) for the year attributable to owners of the parent company 104,493,377 112,400,519 (34,090,702)
Net income attributable to owners of the parent company adjusted by dilution $ 104,493,377 $ 112,400,519 $ (34,090,702)
DENOMINATOR      
Weighted average of outstanding ordinary shares 439,664 442,727 454,274
Weighted average of outstanding ordinary shares issued of the period adjusted by dilution effect 439,664 442,727 454,274
Basic Income (in pesos/share) $ 237.67 $ 253.88 $ (75.04)
Diluted Income (in pesos/share) $ 237.67 $ 253.88 $ (75.04)