XML 102 R68.htm IDEA: XBRL DOCUMENT

RISK MANAGEMENT POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

RISK MANAGEMENT POLICIES

Summary of maximum credit risk exposure


		December 31, 2024
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Promissory Notes		303,301,930		2,266,090		1,020,970		306,588,990
Unsecured Corporate Loans		303,070,601		5,091,105		4,715,263		312,876,969
Overdrafts		118,950,682		3,405,596		1,235,635		123,591,913
Mortgage Loans		257,048,293		8,426,525		1,251,696		266,726,514
Automobile and other secured loans		180,429,857		11,827,296		5,109,431		197,366,584
Personal Loans		271,573,217		20,284,186		6,553,640		298,411,043
Credit Card Loans		454,163,695		17,032,320		3,910,017		475,106,032
Foreign Trade Loans		348,286,411		10,363,458		4,825,112		363,474,981
Other Financings		36,754,450		508,900		—		37,263,350
Other Receivables from Financial Transactions		11,500,763		129,265		11,446		11,641,474
Receivables from Financial Leases		59,171,479		3,740,121		357,236		63,268,836
Total		2,344,251,378		83,074,862		28,990,446		2,456,316,686


		December 31, 2023
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Promissory Notes		151,407,457		1,738,975		988,501		154,134,933
Unsecured Corporate Loans		205,019,081		3,895,909		1,147,510		210,062,500
Overdrafts		112,646,102		3,692,222		1,201,639		117,539,963
Mortgage Loans		106,405,339		7,785,021		3,296,989		117,487,349
Automobile and other secured loans		27,807,679		5,005,719		563,947		33,377,345
Personal Loans		93,640,015		15,859,814		3,516,917		113,016,746
Credit Card Loans		310,660,594		29,810,085		3,614,502		344,085,181
Foreign Trade Loans		50,711,409		8,731,879		12,250,428		71,693,716
Other Financings		80,532,633		3,172,853		—		83,705,486
Other Receivables from Financial Transactions		1,053,867		287,973		8,848		1,350,688
Receivables from Financial Leases		39,327,656		3,992,141		215,029		43,534,826
Total		1,179,211,832		83,972,591		26,804,310		1,289,988,733

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


		Balances as of 12/31/2024								Balances as of 12/31/2023
		Monetary		Monetary						Monetary		Monetary
		Financial		Financial				Net		Financial		Financial				Net
Currency		Assets		Liabilities		Derivatives		Position		Assets		Liabilities		Derivatives		Position
US Dollar		944,735,483		928,711,808		131,633		16,155,308		624,189,021		552,973,595		345,005		71,560,431
Euro		6,569,091		8,259,117		—		(1,690,026)		12,864,044		11,981,405		—		882,639
Others		3,117,216		75,396		—		3,041,820		8,197,838		140,786		—		8,057,052
Total		954,421,790		937,046,321		131,633		17,507,102		645,250,903		565,095,786		345,005		80,500,122

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


				12/31/2024						12/31/2023
Currency		Variation		P/L		Equity		Variation		P/L		Equity
US Dollar		16.70	%	2,699,071		2,699,071		242.30	%	173,351,167		173,351,167
US Dollar		(16.70)	%	(2,699,071)		(2,699,071)		(242.30)	%	(173,351,167)		(173,351,167)
Euro		16.70	%	(282,353)		(282,353)		242.30	%	2,138,554		2,138,554
Euro		(16.70)	%	282,353		282,353		(242.30)	%	(2,138,554)		(2,138,554)
Other		16.70	%	508,198		508,198		242.30	%	19,521,494		19,521,494
Other		(16.70)	%	(508,198)		(508,198)		(242.30)	%	(19,521,494)		(19,521,494)
Total		16.70	%	2,924,916		2,924,916		242.30	%	195,011,215		195,011,215
		(16.70)	%	(2,924,916)		(2,924,916)		(242.30)	%	(195,011,215)		(195,011,215)

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 12/31/2024

Total Financial Assets

1,873,827,008

384,970,900

371,701,989

164,284,265

657,798,803

3,452,582,965

Total Financial Liabilities

(1,956,101,320)

(326,281,656)

(159,399,305)

(37,031,705)

(6,961,857)

(2,485,775,843)

Net Amount

(82,274,312)

58,689,244

212,302,684

127,252,560

650,836,946

966,807,122

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

2,978,131,005

439,541,457

163,940,137

55,909,226

508,481,413

4,146,003,238

Total Financial Liabilities

(2,447,185,543)

(398,080,876)

(215,601,032)

(30,714,519)

(3,688,428)

(3,095,270,398)

Net Amount

530,945,462

41,460,581

(51,660,895)

25,194,707

504,792,985

1,050,732,840

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


		12/31/2024				12/31/2023
				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		754,872		4% ARS; 2% USD		(19,636,959)
Increase in the interest rate		4% ARS; 2% USD		(1,205,247)		4% ARS; 2% USD		18,760,443

Schedule of concentration of loans and deposits


		Loans and other financing
		12/31/2024				12/31/2023
Number of Clients		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		241,244,102		9.7%		150,447,093		13.8%
50 following largest customers		381,652,163		15.3%		268,996,491		24.7%
100 following largest customers		270,148,182		10.9%		201,456,259		18.5%
Rest of customers		1,594,492,703		64.1%		467,709,049		43.0%
TOTAL		2,487,537,150		100.0%		1,088,608,892		100.0%


		Deposits
		12/31/2024				12/31/2023
Number of customers		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		1,125,737,367		35.5%		1,441,715,450		42.7%
50 following largest customers		687,495,686		21.7%		755,879,142		22.4%
100 following largest customers		174,711,197		5.5%		144,697,646		4.3%
Rest of customers		1,185,516,993		37.4%		1,030,709,684		30.6%
TOTAL		3,173,461,243		100.0%		3,373,001,922		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 12/31/2024		1 month		3 months		6months		1 years		2 years		2 years		Total
Loans and other financing		1,000,079,421		548,338,904		733,546,890		930,954,164		1,109,122,863		1,524,901,396		5,846,943,638
To the non-financial public sector		2,995,698		-		66,792		66,792		133,583		200,375		3,463,240
To the financial sector		15,505,051		417,485		663,867		1,341,957		2,104,689		4,582,097		24,615,146
To the Non-Financial Private Sector and Foreign residents		981,578,672		547,921,419		732,816,231		929,545,415		1,106,884,591		1,520,118,924		5,818,865,252
TOTAL ASSETS		1,000,079,421		548,338,904		733,546,890		930,954,164		1,109,122,863		1,524,901,396		5,846,943,638
Deposits		2,728,832,363		273,914,221		174,275,118		36,252,517		-		-		3,213,274,219
Non-financial public sector		139,651,136		5,918,110		-		-		-		-		145,569,246
Financial sector		185,277		-		-		-		-		-		185,277
Non-financial private sector and foreign residents		2,588,995,950		267,996,111		174,275,118		36,252,517		-		-		3,067,519,696
Derivates		1,734,047		-		-		-		-		-		1,734,047
Repo Transactions		33,962,592		-		-		-		-		-		33,962,592
Other financial liabilities		160,951,266		1,137,821		1,387,108		2,136,540		1,990,198		426,030		168,028,963
Financing received from the Argentine Central Bank and other financial institutions		19,231,031		6,445,644		10,061,528		1,881,890		3,141,820		5,177,061		45,938,974
Unsubordinated Negotiable obligations		-		1,956,934		33,590,051		22,834,712		-		-		58,381,697
TOTAL LIABILITIES		2,944,711,299		283,454,620		219,313,805		63,105,659		5,132,018		5,603,091		3,521,320,492