Cover
Cover | 12 Months Ended |
Dec. 31, 2022 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Document Registration Statement | false |
Document Annual Report | true |
Document Period End Date | Dec. 31, 2022 |
Current Fiscal Year End Date | --12-31 |
Document Transition Report | false |
Document Shell Company Report | false |
Entity File Number | 000-30852 |
Entity Registrant Name | GRUPO FINANCIERO GALICIA SA |
Entity Incorporation, State or Country Code | AR |
Entity Address, Address Line One | Perón 430, 25th floor |
Entity Address, Postal Zip Code | C1038 AAJ |
Entity Address, City or Town | Buenos Aires |
Entity Address, Country | AR |
Contact Personnel Fax Number | 54 11 4 331 9183 |
Contact Personnel Email Address | drivas@gfgsa.com |
Title of 12(b) Security | Ordinary shares |
Trading Symbol | GGAL |
Security Exchange Name | NASDAQ |
Entity Well-known Seasoned Issuer | Yes |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Emerging Growth Company | false |
ICFR Auditor Attestation Flag | true |
Document Accounting Standard | International Financial Reporting Standards |
Entity Shell Company | false |
Entity Central Index Key | 0001114700 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | FY |
Amendment Flag | false |
Business Contact | |
Document Information [Line Items] | |
Entity Address, Address Line One | Perón 430, 25° Piso |
Entity Address, Postal Zip Code | C1038AAJ |
Entity Address, City or Town | Buenos Aires |
Entity Address, Country | AR |
Contact Personnel Name | Diego Rivas |
City Area Code | 54 11 4 |
Local Phone Number | 343 7528 |
Class A ordinary shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 281,221,650 |
Class B ordinary shares | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 1,193,470,441 |
American Depository Shares | |
Document Information [Line Items] | |
Title of 12(b) Security | American Depositary Shares, each representing the right to receive ten ordinary shares, par value Ps.1.00 per share New York Stock Exchange |
Trading Symbol | GGAL |
Security Exchange Name | NASDAQ |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Audit Information [Abstract] | |
Auditor Name | PRICE WATERHOUSE & Co. S.R.L. |
Auditor Location | Buenos Aires, Argentina |
Auditor Firm ID | 1349 |
CONSOLIDATED STATEMENT OF FINAN
CONSOLIDATED STATEMENT OF FINANCIAL POSITION - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and Due from Banks | $ 447,544,202 | $ 462,491,302 |
Cash | 172,582,784 | 69,330,707 |
Financial Institutions and Correspondents | 274,961,418 | 393,160,595 |
Argentine Central Bank (BCRA) | 245,908,193 | 374,742,115 |
Other, Local and Foreign Financial Institutions | 29,053,225 | 18,418,480 |
Debt Securities at fair value through profit or loss | 792,270,323 | 459,588,993 |
Derivative Financial Instruments | 3,327,780 | 2,429,223 |
Repurchase Transactions | 115,523,908 | 395,830,377 |
Other Financial Assets | 55,571,314 | 45,526,918 |
Loans and Other Financing | 1,243,616,465 | 1,450,106,105 |
Non-financial Public Sector | 1,284,551 | 970 |
Argentine Central Bank (BCRA) | 3,682 | 1,038 |
Other Financial Institutions | 13,663,998 | 24,828,732 |
Non-financial Private Sector and Residents Abroad | 1,297,659,004 | 1,517,448,418 |
Expected credit loss allowance | (68,994,770) | (92,173,053) |
Other Debt Securities | 366,674,973 | 183,801,002 |
Financial Assets Pledged as Collateral | 152,102,733 | 68,636,679 |
Current Income Tax Assets | 410,248 | 148,785 |
Investments in Equity Instruments | 2,239,039 | 2,438,682 |
Equity investments in Associates and Joint Ventures | 666,769 | 329,876 |
Property, Plant and Equipment | 115,820,988 | 121,153,619 |
Intangible Assets | 38,513,019 | 41,357,399 |
Deferred Income Tax Assets | 7,251,712 | 8,349,605 |
Assets for Insurance Contracts | 4,932,269 | 6,267,504 |
Other Non-financial Assets | 25,170,574 | 20,256,128 |
Non-current Assets Held for Sale | 1,251 | 1,280 |
Total Assets | 3,371,637,567 | 3,268,713,477 |
Liabilities | ||
Deposits | 2,141,977,734 | 2,017,874,559 |
Non-financial Public Sector | 41,710,545 | 50,502,546 |
Financial Sector | 701,773 | 367,380 |
Non-financial Private Sector and Residents Abroad | 2,099,565,416 | 1,967,004,633 |
Liabilities at fair value through profit or loss | 78,223 | 147,408 |
Derivative Financial Instruments | 1,694,114 | 1,387,179 |
Repurchase Transactions | 0 | 631,362 |
Other Financial Liabilities | 348,779,269 | 381,231,576 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 37,438,244 | 46,186,834 |
Debt Securities | 67,303,327 | 54,487,112 |
Current Income Tax Liabilities | 8,799,933 | 18,814,719 |
Subordinated Debt Securities | 45,405,004 | 51,182,953 |
Provisions | 10,255,023 | 8,535,056 |
Deferred Income Tax Liabilities | 6,366,393 | 10,578,430 |
Liabilities for Insurance Contracts | 5,109,920 | 6,215,128 |
Other Non-financial Liabilities | 89,552,825 | 78,355,869 |
Total Liabilities | 2,762,760,009 | 2,675,628,185 |
Shareholders’ Equity | ||
Capital Stock | 1,474,692 | 1,474,692 |
Paid-in capital | 17,281,187 | 17,281,187 |
Capital Adjustments | 217,357,729 | 217,357,729 |
Reserves | 498,634,892 | 468,618,635 |
Retained Deficit | (174,777,575) | (173,444,489) |
Other Comprehensive Income | 267,214 | 1,227,741 |
Income for the Year | 48,639,400 | 60,569,787 |
Shareholders’ Equity Attributable to Parent Company´s Owners | 608,877,539 | 593,085,282 |
Shareholders’ Equity Attributable to Non-controlling Interests | 19 | 10 |
Total Shareholders’ Equity | $ 608,877,558 | $ 593,085,292 |
CONSOLIDATED STATEMENT OF INCOM
CONSOLIDATED STATEMENT OF INCOME - ARS ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Profit or loss [abstract] | |||
Interest Income | $ 716,897,076 | $ 565,231,078 | $ 492,137,575 |
Interest Expense | (564,380,742) | (352,365,883) | (266,577,105) |
Net Income from Interest | 152,516,334 | 212,865,195 | 225,560,470 |
Fee Income | 144,661,077 | 137,143,567 | 134,963,043 |
Fee related Expenses | (26,960,056) | (24,573,405) | (27,718,381) |
Net Fee Income | 117,701,021 | 112,570,162 | 107,244,662 |
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | 338,111,511 | 186,241,440 | 203,791,823 |
Income from Derecognition of Assets Measured at Amortized Cost | 597,435 | 32,201 | (9,199) |
Exchange rate differences on gold and foreign currency | 20,137,815 | 8,755,406 | 20,721,187 |
Other Operating Income | 90,836,650 | 69,806,539 | 65,633,895 |
Income from Insurance Business | 13,690,731 | 14,317,194 | 15,851,808 |
Expected credit loss allowance | (52,451,787) | (42,757,814) | (100,499,774) |
Net Operating Income | 681,139,710 | 561,830,323 | 538,294,872 |
Personnel Expenses | (96,891,457) | (90,470,273) | (93,573,438) |
Administrative Expenses | (91,411,543) | (88,053,402) | (91,348,107) |
Depreciation and Impairment of Assets | (27,877,145) | (28,240,107) | (24,357,791) |
Other Operating Expenses | (125,499,402) | (107,421,205) | (92,487,032) |
Loss on net monetary position | (273,376,583) | (154,864,332) | (100,034,963) |
Operating Income | 66,083,580 | 92,781,004 | 136,493,541 |
Share of profit from Associates and Joint Ventures | (441,246) | (251,579) | (367,686) |
Income before Taxes from Continuing Operations | 65,642,334 | 92,529,425 | 136,125,855 |
Income Tax from Continuing Operations | (17,002,925) | (31,959,638) | (61,113,967) |
Net Income from Continuing Operations | 48,639,409 | 60,569,787 | 75,011,888 |
Net Income for the Year | 48,639,409 | 60,569,787 | 75,011,888 |
Net Income for the Year Attributable to parent company´s owners | 48,639,400 | 60,569,787 | 74,008,952 |
Net Income for the Year Attributable to Non-controlling Interests | 9 | 0 | 1,002,936 |
Earnings per Share | |||
Net Income Attributable to parent company´s owners | 48,639,400 | 60,569,787 | 74,008,952 |
Net Income Attributable to parent company´s owners Adjusted by dilution effects | $ 48,639,400 | $ 60,569,787 | $ 74,008,952 |
Weighted-Average of Ordinary Shares Outstanding for the Year (in shares) | 1,474,692 | 1,474,692 | 1,442,740 |
Diluted Weighted-Average of Ordinary Shares Outstanding for the Year (in shares) | 1,474,692 | 1,474,692 | 1,442,740 |
Basic Earnings per Share (in ars per share) | $ 32.98 | $ 41.07 | $ 51.30 |
Diluted Earnings per Share (in ars per shares) | $ 32.98 | $ 41.07 | $ 51.30 |
CONSOLIDATED STATEMENT OF OTHER
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of comprehensive income [abstract] | |||
Net Income for the Year | $ 48,639,409 | $ 60,569,787 | $ 75,011,888 |
Items of Other Comprehensive Income (OCI) that may be Reclassified to Profit or Loss for the Year | |||
Exchange difference from translation of financial statements | 186,860 | (7,779) | 467 |
Income or Loss from Financial Instruments at Fair Value through OCI (Item 4.1.2a, IFRS 9) | (1,129,353) | 169,845 | (538,555) |
Income / (Loss) for the Year from Financial Instruments at Fair Value with Changes through OCI | (1,062,135) | 243,938 | (932,324) |
Income tax | (67,218) | (74,093) | 393,769 |
Other Comprehensive (Loss) / Income | (18,034) | 0 | (16,718) |
Other Comprehensive (Loss) / Income | (22,348) | 0 | (50,634) |
Income tax | 4,314 | 0 | 33,916 |
Total Other Comprehensive Income / (Loss) that may be Reclassified to Profit or Loss for the Year | (960,527) | 162,066 | (554,806) |
Total Other Comprehensive Income / (Loss) | (960,527) | 162,066 | (554,806) |
Total Comprehensive Income | 47,678,882 | 60,731,853 | 74,457,082 |
Total Comprehensive Income Attributable to Parent company´s owners | 47,678,873 | 60,731,853 | 73,454,146 |
Total Comprehensive Income Attributable to Non-controlling Interests | $ 9 | $ 0 | $ 1,002,936 |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - ARS ($) $ in Thousands | Total | Capital Stock | Paid-in Capital | Equity Adjustments | Accumulated Profit from Financial Instruments at Fair Value through OCI | Other | Legal Reserve | Others Reserves | Retained Earnings | Total Shareholders’ Equity Attributable to parent company´s owners | Total Shareholders’ Equity Attributable to Non-Controlling Interests |
Equity, Beginning balance at Dec. 31, 2019 | $ 467,674,054 | $ 1,426,765 | $ 10,951,132 | $ 202,261,202 | $ 1,577,580 | $ 42,901 | $ 3,811,674 | $ 370,330,192 | $ (134,307,716) | $ 456,093,730 | $ 11,580,324 |
Distribution of Profits | |||||||||||
Use of Reserve and distribution of cash dividends | (5,987,515) | (5,564,580) | (5,564,580) | (422,935) | |||||||
Other reserves | 0 | 166,347,333 | (166,347,333) | 0 | |||||||
Increase due to merger | (38,660) | 47,927 | 6,330,055 | 15,096,527 | (9,352,854) | 12,121,655 | (12,160,315) | ||||
Total Comprehensive Income for the Year | |||||||||||
Net Income for the Year | 75,011,888 | 74,008,952 | 74,008,952 | 1,002,936 | |||||||
Other Comprehensive Income for the Year | (554,806) | (538,555) | (16,251) | (554,806) | |||||||
Equity, Ending balance at Dec. 31, 2020 | 536,104,961 | 1,474,692 | 17,281,187 | 217,357,729 | 1,039,025 | 26,650 | 3,811,674 | 521,760,091 | (226,646,097) | 536,104,951 | 10 |
Distribution of Profits | |||||||||||
Absorption of Retained Earnings | 0 | (53,201,608) | 53,201,608 | ||||||||
Use of Reserve and distribution of cash dividends | (3,751,528) | (3,751,528) | (3,751,528) | ||||||||
Other reserves | 6 | 6 | 6 | ||||||||
Total Comprehensive Income for the Year | |||||||||||
Net Income for the Year | 60,569,787 | 60,569,787 | 60,569,787 | ||||||||
Other Comprehensive Income for the Year | 162,066 | 169,845 | (7,779) | 162,066 | |||||||
Equity, Ending balance at Dec. 31, 2021 | 593,085,292 | 1,474,692 | 17,281,187 | 217,357,729 | 1,208,870 | 18,871 | 3,811,674 | 464,806,961 | (112,874,702) | 593,085,282 | 10 |
Reserve creation | 0 | 3,095,144 | 26,921,105 | (30,016,249) | |||||||
Distribution of Profits | |||||||||||
Use of Reserve and distribution of cash dividends | (31,886,624) | (31,886,624) | (31,886,624) | ||||||||
Other reserves | 8 | 8 | 8 | ||||||||
Total Comprehensive Income for the Year | |||||||||||
Net Income for the Year | 48,639,409 | 48,639,400 | 48,639,400 | 9 | |||||||
Other Comprehensive Income for the Year | (960,527) | (1,129,353) | 168,826 | (960,527) | |||||||
Equity, Ending balance at Dec. 31, 2022 | $ 608,877,558 | $ 1,474,692 | $ 17,281,187 | $ 217,357,729 | $ 79,517 | $ 187,697 | $ 6,906,818 | $ 491,728,074 | $ (126,138,175) | $ 608,877,539 | $ 19 |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
CASH FLOWS FROM OPERATING ACTIVITIES | |||
Income before Taxes from Continuing Operations | $ 65,642,334 | $ 92,529,425 | $ 136,125,855 |
Adjustment to Obtain the Operating Activities Flows: | |||
Expected credit loss allowance | 52,451,787 | 42,757,814 | 100,499,774 |
Depreciation and Impairment of Assets | 27,877,145 | 28,240,107 | 24,357,791 |
Loss on Net Monetary Position | 273,376,583 | 154,864,332 | 100,034,963 |
Other Operations | 179,920,737 | 236,952,445 | 108,114,303 |
Net (Increases)/Decreases from Operating Assets: | |||
Debt securities measured at fair value through profit or loss | 33,799,708 | (26,243,268) | (49,445,694) |
Derivative Financial Instruments | (898,557) | 3,936,492 | 2,957,243 |
Repurchase Transactions | 258,106 | (247,905) | (134,955) |
Other Financial Assets | (8,138,084) | (15,313,682) | 2,242,765 |
Net Loans and Other Financing | |||
Non-financial Public Sector | (1,286,225) | 14 | 33,201 |
Other Financial Institutions | 17,758,359 | 18,239,931 | (8,140,522) |
Non-financial Private Sector and Residents Abroad | 139,909,091 | 34,190,135 | (204,731,915) |
Other Debt Securities | (182,873,971) | (115,968,553) | 8,300,474 |
Financial Assets Pledged as Collateral | (83,466,054) | (13,602,901) | (8,798,399) |
Investments in Equity Instruments | 199,643 | 12,330,533 | 909,937 |
Other Non-financial Assets | (3,579,211) | 1,466,919 | 2,563,011 |
Non-current Assets Held for Sale | 29 | 84,951 | 69,913 |
Deposits | |||
Non-financial Public Sector | (8,792,001) | (12,822,820) | 55,587,268 |
Financial Sector | 334,393 | 833,485 | 3,919,997 |
Non-financial Private Sector and Residents Abroad | 132,560,783 | 41,347,475 | 353,042,225 |
Liabilities at fair value through profit or loss | (69,185) | 147,408 | (5,692,696) |
Derivative Financial Instruments | 306,935 | 1,218,262 | (3,357,999) |
Other Financial Liabilities | (29,777,020) | 96,658,397 | 3,906,365 |
Provisions | 1,719,967 | (2,568,163) | 107,499 |
Other Non-financial Liabilities | 3,378,799 | 437,042 | 186,943 |
Income Tax Payments | (30,393,315) | (28,573,185) | (82,376,451) |
NET CASH GENERATED BY OPERATING ACTIVITIES (A) | 580,220,776 | 550,894,690 | 540,280,896 |
Payments: | |||
Purchase of PP&E and Intangible Assets | (18,530,215) | (19,368,808) | (20,946,138) |
Capital Contributions and purchase of shares in Investments in Subsidiaries, Associates, and Joint Ventures | (777,397) | (407,369) | (300,757) |
Collections: | |||
Sale of PP&E and Intangible Assets | 607,887 | 1,266,590 | 777,996 |
Dividends earned | 0 | 2,024,507 | 527,179 |
Sales of Investments in Subsidiaries, Associates and Joint Ventures | 0 | 88,012 | 0 |
NET CASH USED IN INVESTMENT ACTIVITIES (B) | (18,699,725) | (16,397,068) | (19,941,720) |
Payments: | |||
Unsubordinated Debt Securities | (40,139,963) | (33,225,902) | (81,853,704) |
Loans from Local Financial Institutions | (51,426,488) | (34,570,938) | (103,370,372) |
Dividends | (25,173,651) | (3,751,528) | (5,987,515) |
Leases payments | (2,675,287) | (3,381,869) | (3,919,605) |
Collections: | |||
Debt Securities | 67,426,678 | 46,521,453 | 34,483,183 |
Loans from Local Financial Institutions | 75,039,162 | 44,827,056 | 57,427,529 |
NET CASH GENERATED BY /(USED IN) FINANCING ACTIVITIES (C) | 23,050,451 | 16,418,272 | (103,220,484) |
EXCHANGE INCOME ON CASH AND CASH EQUIVALENTS (D) | 179,793,400 | 86,482,584 | 96,457,041 |
NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D) | 764,364,902 | 637,398,478 | 513,575,733 |
MONETARY LOSS RELATED TO CASH AND CASH EQUIVALENTS | (687,998,281) | (500,725,401) | (328,894,039) |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 1,250,494,461 | 1,113,821,384 | 929,139,690 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | $ 1,326,861,082 | $ 1,250,494,461 | $ 1,113,821,384 |
Accounting Policies and Basis f
Accounting Policies and Basis for Preparation | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of significant accounting policies [abstract] | |
Accounting Policies and Basis for Preparation | NOTE 1. ACCOUNTING POLICIES AND BASIS FOR PREPARATION Grupo Financiero Galicia S.A. (hereinafter, “the Company”, and jointly with its subsidiaries, “the Group”) is a financial services holding company incorporated on September 14, 1999, under the laws of Argentina. The Company’s main asset is its interest in Banco de Galicia y Buenos Aires S.A.U. (hereinafter, “Banco Galicia” or “the Bank”) which is a private bank offering a wide range of financial services, both to individuals and companies. Likewise, the Company has a controlling interest in: Tarjetas Regionales S.A. (hereinafter, “Naranja X”), which maintains investments related to the issuance of credit cards and services for managing personal and commercial finance; Sudamericana Holding S.A., a company engaged in the insurance business; Galicia Asset Management S.A.U., a mutual fund management company; Galicia Warrants S.A., a warrant issuing company; IGAM LLC, a company engaged in assets management; Galicia Securities S.A.U. a settlement and compensation agent and Trading Agent – Own Portfolio; and Agri Tech Investments LLC, a company that seeks to provide a digital ecosystem that optimizes agricultural management in a practical and integrated way. These consolidated financial statements were approved and authorized for publication through Minutes of Board of Directors’ Meeting No. 677 dated April 24, 2023. 1.1. BASIS FOR PREPARATION These consolidated financial statements have been prepared in accordance and in compliance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretation Committee (IFRIC). All the IFRSs in force as of the date of preparation of these consolidated financial statements have been applied. In Argentina, the Group is subject to the provisions of Article 2, Section I, Chapter I of Title IV: Periodic Information Regime of the National Securities Commission (CNV) regulations and it is required to present its financial statements in accordance with the valuation and disclosure criteria set forth by the Argentine Central Bank. The Argentine Central Bank, through Communication “A” 5541 and its amendments, established a convergence plan towards the adoption of IFRS as issued by the IASB, and the interpretations issued by the IFRIC, for the entities under its supervision, effective for fiscal years commencing January 1, 2018, with certain exceptions. The Group has presented its local financial statements under these rules on March 7, 2023. Shareholders’ equity under the rules of the Argentine Central Bank is presented in Note 52.8. Management believes that these consolidated financial statements fairly present the Group’s financial position, financial performance and cash flows, in accordance with IFRS. The preparation of the consolidated financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Groups´ accounting policies. The areas involving a greater degree of judgment or complexity, or areas where assumptions and estimates are significant for the consolidated financial statements are disclosed in Note 2. (a) Going Concern As of the date of these consolidated financial statements, there are no uncertainties related to events or conditions that may cast significant doubt upon the Group´s ability to continue as a going concern. (b) Measurement Unit IAS 29 “Financial Reporting in Hyperinflationary Economies” requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be restated in terms of the current measurement unit as of the reporting period-end, irrespective of whether they are based on the historical cost or the current cost method. Accordingly, in general terms, non-monetary items should be adjusted for inflation occurring since the acquisition date or since the revaluation date, as the case may be. These requirements are also applicable to the comparative information reported in the financial statements. According to IAS 29, monetary assets and liabilities are not required to be restated, for they are stated in the measurement unit as of the end of the reporting period. Assets and liabilities subject to adjustments based on specific agreements will be adjusted on the basis of such agreements. Non-monetary items measured at their fair values at the end of the reporting period, such as net realizable value or otherwise, will not be restated. The other non-monetary assets and liabilities will be restated by applying a general price index. The income (loss) from the net monetary position will be charged to net income for the reporting period in a separate item. In order to conclude whether a given economy qualifies as hyperinflationary pursuant to the terms of IAS 29, the standard sets forth certain factors that should be considered, including a three-year cumulative inflation rate reaching or exceeding 100%. The Group has applied IAS 29, Financial Reporting in hyperinflationary Economy , in preparing these consolidated financial statements for all years presented. (c) New Accounting Standards The Group has applied the following standards for the first time as of January 1, 2022: Amendment to IFRS 16 Leases: COVID-19-Related Rent Concessions Item The IASB provided relief to lessees (but not lessors) in the form of an practical expedient to assess whether a COVID-19 related rent concession is a lease modification. Tenants may choose to account for rent concessions in the same way as they would if they were not lease modifications. In many cases, this will result in the grant being accounted for as a variable lease payment. This simplification only applies to rental concessions that occur as a direct result of the COVID-19 pandemic. Lessees making use of the exemption will be required to disclose that fact, as well as the amount recognized in profit or loss arising from COVID-19-related rent concessions. If a lessee chooses to apply the practical expedient to a lease, it will apply it consistently to all leases with similar characteristics and in similar circumstances. The amendment will be applied retrospectively in accordance with IAS 8, but lessees are not required to restate prior period figures or provide disclosure in accordance with IAS 8 paragraph 28(f). Publication date May 2020, amendment March 31, 2021 Effective date June 30, 2022 Impact It does not have a significant impact on the Group's financial statements. Amendments to IFRS 3 Recognition and Measurement of identifiable assets acquired, liabilities assumed, and any non controlling interest the acquiree Item The amendment updates a reference in IFRS 3 to the Financial Reporting Conceptual Framework without changing the accounting requirements for business combinations. Publication date May 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Company's financial statements. Amendments to IFRS 16 Property, plant and equipment – Products obtained before their intended use. Item The amendments prohibit deducting from the cost of the asset the amounts received for sales produced while the company is preparing the asset for its intended use. Revenues from the sale of such products or samples, together with production costs, will be recognized in comprehensive income for the corresponding period. Publication date May 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Group's financial statements. Amendments to IAS 37 Contracts of an onerous nature – Cost of fulfilling a contract. Item The amendments prohibit deducting from the cost of the asset the amounts received for sales produced while the company is preparing the asset for its intended use. Revenues from the sale of such products or samples, together with production costs, will be recognized in comprehensive income for the corresponding period. Publication date May 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Group's financial statements. Annual improvements in IFRS 1 “First-time Adoption of IFRS”, IFRS 9 “Financial Instruments”, IAS 41 “Agriculture” and IFRS 16 “Leases.” Minor amendments to IFRS 1, IFRS 9 and IAS 41 and add accompanying illustrative examples to IFRS 16. IFRS 1: Specifies the information requirements for a subsidiary that adopts IFRS for the first time. IFRS 9: Specifies which commissions must be included in the “10%” test for the derecognition of financial liabilities. Item IAS 41: Taxes on fair value measurements. The requirement for entities to exclude taxable cash flows when measuring fair value was removed to align the requirements of IAS 41 on fair value measurement with IFRS 13 Fair Value Measurement. Publication date May 1, 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Group's financial statements. (d) New accounting standards and amendments issued by the IASB that have not been adopted by the Group The new standards, amendments and interpretations published are detailed below; however, they have not yet come into force for fiscal years commenced January 1, 2022, and have not been early adopted by the Group: IFRS 17 “Insurance contracts.” Item It provides a comprehensive, principles-based framework for the measurement and presentation of all insurance contracts. The new standard will replace IFRS 4 “Insurance contracts” requires an entity to recognize the profit of a group of contracts throughout the period in which the entity provides the services, and as the entity is released from risk. If a group of contracts contains or becomes loss-producing, the entity is required to immediately recognize those losses. The standard also requires that income from insurance ordinary activities, insurance service expenses and insurance finance income or expenses be presented separately. Publication date May 2017, with modifications in June 2020 and December 2021. Effective date 1st. January 2023. Impact It is estimated that the application of this standard will not generate a significant impact on the Company's equity. Amendments to IAS 1 Presentation of Financial Statements, IFRS Practice Statement 2 and IAS 8 Accounting Standards, Changes in Accounting Estimates and Errors. Item The IASB amended IAS 1 Presentation of Financial Statements to require companies to disclose material accounting standards if its omission affects users' understanding of financial statements of other material information, rather than significant accounting standards. In support of this amendment, the Board also amended IFRS Practice Statement 2 Making Judgments Related to Materiality to provide guidance on how to apply the concept of materiality to accounting standard disclosures. Publication date February 2021 Effective date Fiscal year beginning on or after January 1, 2023. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. Amendments to IAS 12 - Deferred taxes related to assets and liabilities derived from a single transaction. Item These amendments require companies to recognize deferred taxes on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. Publication date May 2021 Effective date Fiscal year beginning on or after January 1, 2023. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. Amendments to IFRS 16 - Leases with put and leaseback options. Item These amendments include requirements for sale-leaseback transactions in IFRS 16, to explain how an entity records a sale-leaseback after the transaction date. Sale-leaseback transactions, where some or all of the lease payments are variable lease payments that are not dependent on an index or rate, are more likely to be affected. Publication date September 2022 Effective date Fiscal year beginning on or after January 1, 2024. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. Amendments to IAS 1 - Presentation of financial statements on the classification of liabilities. Item The amendments to IAS 1 clarify that liabilities will be classified as current or non-current depending on the rights that exist at the end of the reporting period. This classification is not affected by the entity's expectations or events that occurred after the reporting date, it also clarifies what IAS 1 refers to when it refers to the “settlement” of a liability. Publication date November 2022 Effective date Fiscal year beginning on or after January 1, 2024. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. There are no other IFRS or IFRIC interpretations that are not effective and that are expected to have a significant impact on the Group. 1.2. CONSOLIDATION Subsidiaries are those entities, including structured entities, where the Group is in control because (i) it has the power to direct relevant activities of the investee, which significantly affect its returns; (ii) it has exposure, or rights, to variable returns for its interest in the investee; and (iii) it has the ability to use its power over the investee to affect the amount of the investor’s returns. The existence and effect of the substantive rights, including potential voting rights, are considered when evaluating whether the Group has control over another entity. For a right to be substantive, the holder must have the practical ability to exercise it whenever necessary to make decisions on the direction of the relevant activities of the entity. The Group may be in control of an entity even when possessing less than the majority of the voting rights. Likewise, the protective rights of other investors, such as those related to substantive changes in the activities of the investee or applied only in exceptional circumstances, do not prevent the Group from having control over an investee. The subsidiaries are consolidated from the date the control is transferred to the Group, and they cease to be consolidated as of the date on which the control ceases. The subsidiaries which have been consolidated in these Consolidated Financial Statements are detailed in Note 15. For the purpose of consolidating its financial statements, the Group used the subsidiaries’ financial statements for the year ended December 31, 2022. The accounting policies applied by Sudamericana Holding SA. are established by the National Insurance Superintendency and have been adjusted to those applied by the Group in preparing its consolidated financial statements. Intercompany transactions, balances and unrealized gains on transactions between Group’s companies were eliminated. See Note 51. Non-controlling interest in the results and equity of consolidated subsidiaries are shown separately in the consolidated statement of income, consolidated statement of other comprehensive income, consolidated statement of changes in shareholder’s equity and consolidated statement of financial position, respectively. In accordance with the provisions of IFRS 3 “Business combinations”, the acquisition method is used to account for the acquisition of subsidiaries. The identifiable assets and liabilities acquired, and contingent liabilities assumed in a business combination are measured at their fair values on the acquisition date. Goodwill is measured as the excess of the aggregate of the consideration transferred, the amount of any non-controlling interest in the acquiree and, in a business combination achieved in stages, the fair value of the acquirer’s previously held equity interest in the acquiree; over the net of the acquisition date amounts of the identifiable assets acquired and the liabilities assumed. The consideration transferred in a business combination is measured at the fair value of the assets transferred by the acquirer, the liabilities assumed by the acquirer with the previous owners of the investee, and the equity instruments issued by the acquirer. The transaction costs are recognized as expenses in the periods in which the costs have been incurred and the services have been received, except for the transaction costs incurred to issue equity instruments that are deducted from equity, and the transaction costs incurred to issue debt that are deducted from their carrying amount. 1.3. TRANSACTIONS WITH NON-CONTROLLING INTEREST The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized within equity attributable to owners of the Group. 1.4. ASSOCIATES Associates are entities over which the Group has significant direct or indirect influence, but not control; generally, this implies holding between 20 and 50 percent of the voting rights. Investments in associates are accounted for using the equity method and are initially recognized at cost. The carrying amount of the associates includes the goodwill identified in the acquisition less the accumulated impairment losses, if any. Dividends received from associates reduce the carrying amount of the investment. Other changes subsequent to the acquisition of the Group’s interest in the net assets of an associate are recognized as follows: (i) the Group’s interest in the profits or losses of the associates is accounted under Share of Profit from Associates and Joint Ventures in the consolidated statement of income and (ii) the Group’s interest in other comprehensive income is recognized in the consolidated statement of other comprehensive income and presented separately. However, when the Group’s share in losses in an associate equal or exceeds its interest in it, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealized profits on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates; unrealized losses are also eliminated unless the transaction provides evidence of impairment in the transferred asset. 1.5. SEGMENT REPORTING An operating segment is a component of an entity (a) that conducts business activities from which it can earn revenues and incur expenses (including revenues and expenses related to transactions with other components of the same entity); (b) whose operating income is regularly reviewed by the Group´s CODM (chief operating decision maker) to make decisions about the resources to be allocated to the segment and assess its performance; and (c) for which confidential financial information is available. Segment reporting is presented consistently with the internal reports submitted to the Board of Directors (CODM of the Group), which is responsible for making the Group’s strategic decisions, allocating resources and assessing the performance of the operating segments. 1.6. FOREIGN CURRENCY TRANSLATION (a) Functional Currency and Presentation Currency The figures included in the consolidated financial statements of the Group´s entities are stated in their functional currency, that is, the currency used in the primary economic environment where it operates. The consolidated financial statements are stated in Argentine pesos (Ps.), which is the Group’s functional and presentation currency. See Note 1.1. (b) Transactions and Balances The transactions in foreign currency are translated into the functional currency using the exchange rate at the dates of the transactions. Profits and losses in foreign currency resulting from the settlement of these transactions and the translation of monetary assets and liabilities in foreign currency at closing exchange rate, are recognized under “Exchange rate differences on gold and foreign currency” in the statement of income, except when they are deferred in equity by transactions which qualify as cash flows hedges, if appropriate. Assets and liabilities in foreign currency are measured at the reference exchange rate of the US dollar defined by the Argentine Central Bank at the closing of operations on the last business day of each month. As of December 31, 2022, and December 31, 2021, balances in U.S. Dollars were translated at the reference exchange rate (Ps.177.1283 and Ps.102.75, respectively) established by the Argentine Central Bank. Foreign currencies other than the US dollar have been translated into this currency using exchange rates reported by the Argentine Central Bank. 1.7. CASH AND DUE FROM BANKS The item Cash and Due from Banks includes the available cash and bank deposits freely available, which are short-term instruments with maturity less than three months from the origination date. The assets disclosed under cash and due from banks are accounted for at their amortized cost which approximates its fair value. 1.8. FINANCIAL INSTRUMENTS Initial Recognition The Group recognizes a financial asset or liability in its consolidated financial statements, as appropriate, when it becomes part of the contractual clauses of the financial instrument. Purchases and sales are recognized at the trading date when the Group buys or sells the instruments. Upon initial recognition, the Group measures financial assets or liabilities at fair value, plus or less, for instruments not recognized at fair value through profit or loss, transaction costs that are directly attributable to the acquisition, such as fees and commissions. When the fair value differs from the cost value of the initial recognition, the Group recognizes the difference as follows: a. When the fair value is according to the market value of the financial asset or liability or is based on a valuation technique solely using market values, the difference is recognized as profit or loss, as appropriate. b. In other cases, the difference is deferred and the recognition over time of the profit and loss is individually determined. The difference is amortized over the life of the instrument until the fair value can be measured based on market values. Financial Assets a. Debt Securities The Group considers as debt securities those instruments considered financial liabilities for the issuer, such as loans, government and private securities and bonds. Classification As established by IFRS 9, the Group classifies financial assets according to how they are subsequently measured: at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss, based on: • the Group’s business model to manage financial assets; and • the characteristics of contractual cash flows of the financial asset. Business Model The Business Model refers to the way in which the Group manages a set of financial assets to reach a specific business objective. It represents the way the Group manages its financial instruments to generate cash flows. Business models that the Group can follow are listed below: • Hold the instruments to collect its contractual cash flows; • Hold the instruments in the portfolio to collect contractual cash flows and, in turn, sell them when deemed convenient; or; • Hold the instruments for trading. The Group’s Business Model does not depend on the intentions that it may have for an individual instrument. Therefore, this condition is not an instrument-by-instrument classification approach, but it is determined from a higher level of aggregation. The Group only reclassifies an instrument when, and only when, the business model for managing financial assets is modified. Such change is not expected to be frequent, and changes have not been recorded during this fiscal year. Characteristics of Contractual Cash Flows The Group assesses whether the cash flow of grouped instruments is not significantly different from the flow that would receive solely for interest and capital; otherwise, they shall be measured at fair value through profit or loss. Based on the foregoing, there are three categories of Financial Assets: (i) Financial assets measured at amortized cost: Financial assets are measured at amortized cost when: (a) the financial asset is held within a business model whose objective is to hold financial assets to collect contractual cash flows; and (b) the contractual conditions of the financial asset give rise, on specified dates, to cash flows that are solely payments of principal and interest on the outstanding principal amount. These financial instruments are initially recognized at fair value plus the incremental and directly attributable transaction costs and are subsequently measured at amortized cost. The amortized cost of a financial asset is equal to its acquisition cost less its accumulated amortization plus accrued interest (calculated according to the effective interest method), net of any impairment loss. (ii) Financial assets at fair value through other comprehensive income: Financial assets are measured at fair value through other comprehensive income when: (a) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and (b) the contractual conditions of the financial asset give rise, on specified dates, to cash flows which are solely payments of principal and interest on the outstanding amount. These instruments are initially recognized at their fair value plus the incremental and directly attributable transaction costs and are subsequently measured at fair value through other comprehensive income. Profits and losses arising from the changes in fair value are included in other comprehensive income within a separate equity component. Impairment losses or reversals, income for interest and exchange profits and losses are recognized through profit or loss. Upon its sale or disposal, the accumulated profit or loss previously recognized through other comprehensive income is reclassified to the statement of income. (iii) Financial assets at fair value through profit or loss: Financial assets at fair value through profit or loss comprise: • Instruments held for trading; • Instruments specifically designated at fair value through profit or loss; and • Instruments whose contractual terms do not represent cash flows that are solely payments of principal and interest on the outstanding amount. These financial instruments are initially recognized at fair value and any gain o loss is recognized in the statement of income as they are realized. The Group classifies a financial instrument as held for trading if it is acquired or incurred for the main purpose of selling or repurchasing it in the short term, or if it is part of a portfolio of financial instruments that are jointly managed and for which there is evidence of short-term earnings, or is a derivative financial instrument not designated as a hedging instrument. Derivative instruments and held-for-trading securities are classified as held for trading and measured at fair value. b. Equity Instruments Equity instruments are so considered by its issuer; this means that they are instruments which do not contemplate a contractual obligation to pay cash, and which evidence a residual interest on the issuer’s asset after deducting its entire liabilities. Such instruments are measured at fair value through profit or loss, except when, at the time of the initial recognition, the irrevocable option had been exercised to measure them at fair value through Other Comprehensive Income. This method is only applicable when the instruments are not held for trading and income shall be accounted in other comprehensive income with no reclassification to profit or loss, even when they are realized. Dividends receivable arising from such instruments shall be recognized through profit or loss solely when the Group is entitled to collect the payment. Financial Liabilities Classification The Group classifies their financial liabilities at amortized cost, using the effective interest rate method, except for: • Financial liabilities measured at fair value through profit or loss, including derivative financial instruments. • Liabilities arising from the transfer of financial assets not complying with the derecognition criteria. • Financial guarantee contracts. • Loan commitments at a lower than market rate. Financial liabilities measured at fair value through profit or loss: the Group may choose to use, at the beginning, the irrevocable option to designate a liability at fair value through profit or loss, if, and only if, in doing so, it reflects a better measurement of financial information because: • the Group eliminates or significantly reduces measurement or recognition inconsistency which would otherwise be exposed in the valuation; • if financial assets and liabilities are managed and their performance is assessed on a fair value basis, according to a documented investment or risk management strategy; or • a host contract contains one or more embedded derivative instruments, and the Group has opted for designating the entire contract at fair value through profit or loss. Financial guarantee contracts: Financial guarantee contracts are those contracts requiring the issuer to make specific payments to reimburse the holder for the loss incurred when a specific debtor does not comply with its payment obligation on maturity, in accordance with the original or amended terms of a debt instrument. Financial guarantee contracts are initially measured at fair value, and subsequently measured at the higher of the amount of the loss allowance and the amount initially recognized less, when appropriate, the cumulative amount of income recognized. Derecognition of Financial Instruments Financial Assets A financial asset or, where applicable, a part of a financial asset or a part of a group of similar financial assets, is derecognized when: (i) the rights to receive cash flows from the asset have expired; or (ii) the Group has transferred its rights to receive cash flows from the asset, or has assumed an obligation to pay all of the cash flows received immediately to a third party under a pass-through agreement; and all the risks and rewards of the asset have also been substantially transferred, or, in case all the risks and rewards of the asset had not been substantially transferred or retained, the control of the asset has been transferred. When the contractual rights of receiving the cash flows generated by the asset have been transferred, or a transfer agreement has been executed, the entity assesses if it has retained, and to what extent, the risks and awards inherent in asset ownership. When substantially all the risks and rewards inherent in asset ownership have not been transferred or retained, nor has control of the asset been transferred, the asset continues to be recognized to the extent of its continued involvement over it. In this case, the related liability is also recognized. The transferred asset and the related liability are measured in such a way so as to reflect the rights and obligations that the Group had retained. A continuing involvement that takes the form of a collateral on the transferred asset is measured as the smallest amount between (i) the original carrying amount of the asset, and (ii) the maximum amount of consideration received that would be required to be returned. Financial Liabilities: A financial liability is derecognized when the obligation, has been cancelled, or has expired. When an existing financial liability is exchanged by another of the same borrower under significantly different conditions, or the conditions are significantly modified, such exchange or modification is treated as a derecognition of the original liability and a new liability is recognized, the difference between the value in books of the initial financial liability and the consideration paid is recognized in the Consolidated Statement of Income. 1.9. DERIVATIVE FINANCIAL INSTRUMENTS Derivative Financial instruments, including foreign currency contracts, futures, forward contracts, interest rate swaps, cross currency swaps, interest rate options and foreign currency options ar |
Critical Accounting Estimates
Critical Accounting Estimates | 12 Months Ended |
Dec. 31, 2022 | |
Critical accounting estimates [Abstract] | |
Critical Accounting Estimates | NOTE 2. CRITICAL ACCOUNTING ESTIMATES The preparation of consolidated financial statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the accounting standards to define the Group’s accounting policies. The Group has identified the following areas involving a greater degree of judgment or complexity, or areas where the assumptions and estimates are significant to the consolidated financial statements, and which are essential to understand the underlying accounting/financial reporting risks. a. FAIR VALUE OF LEVEL 3 FINANCIAL INSTRUMENTS The fair value of financial instruments classified as level 3 are not listed in active markets and is therefore determined by using valuation techniques. The valuation of level 3 financial instruments involves one or more inputs which are unobservable and significant to their fair value measurement. The Group uses valuation models and unobservable inputs, including projected cash flows, discount rates and volatilities and correlations relating to interest rates and spreads, to estimate the fair value of level 3 financial instruments. These valuation techniques require management to make significant estimates and judgments. b. VALUATION OF EXPECTED CREDIT LOSS ALLOWANCE The Group records the allowance for loan losses under the expected credit losses (ECL) method included in IFRS 9. The most significant judgments of the model relate to making assumptions about macroeconomic scenarios to determine the forward looking factor. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors. c. IMPAIRMENT OF NON-FINANCIAL ASSETS Intangible assets with finite useful lives and property, plant and equipment are amortized or depreciated on a straight-line basis during their estimated useful life. The Group monitors the conditions related to these assets to determine whether the events and circumstances require a review of the remaining amortization or depreciation term, and whether there are factors or circumstances indicating impairment in the value of the assets that cannot be recovered. The Group has applied judgment to identify impairment indicators for property, plant and equipment and intangible assets. The Group has concluded that there were no impairment indicators for any of the years reported in its consolidated financial statements. d. INCOME TAX AND DEFERRED TAX Significant judgment is required when determining current and deferred tax assets and liabilities. The current income tax is accounted according to the amounts expected to be paid; while deferred income tax is accounted on the basis of temporary differences between carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of their reversal. A deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on Management’s assumptions about the amounts and timing of such future taxable income. Actual results may differ from these estimates, for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts. |
Financial Instruments
Financial Instruments | 12 Months Ended |
Dec. 31, 2022 | |
Financial instruments [Abstract] | |
Financial Instruments | NOTE 3. FINANCIAL INSTRUMENTS Schedule P “Categories of Financial Assets and Liabilities”, discloses the measurement categories and fair value hierarchies for financial instruments. As of the indicated dates, the Group maintains the following portfolios of financial instruments: Portfolio of Instruments as of 12.31.22 Fair Value Amortized Cost Fair Value Assets Cash and Due from Banks — 447,544,202 — Argentine Central Bank’s Bills (*) 720,162,015 34,707,901 — Government Securities (*) 70,855,902 — — Corporate Securities (*) 1,252,406 — — Derivative Financial Instruments 3,327,780 — — Repurchase Transactions — 115,523,908 — Other Financial Assets 10,559,086 45,012,228 — Loans and Other Financing — 1,243,616,465 — Other Debt Securities (*) — 328,275,681 3,691,391 Financial Assets Pledged as Collateral 726,983 151,375,750 — Investments in Equity Instruments 2,239,039 — — Liabilities Deposits — 2,141,977,734 — Liabilities at fair value through profit or loss 78,223 — — Derivative Financial Instruments 1,694,114 — — Other Financial Liabilities — 348,779,269 — Financing Received from the Argentine Central Bank and Other Financial Institutions — 37,438,244 — Debt Securities — 67,303,327 — Subordinated Debt Securities — 45,405,004 — (*) Recorded in Debt Securities at fair value trough profit or loss, except for Argentine Central Bank´s Bills at amortized cost that are recorded in Other debt securities. Portfolio of Instruments as of 12.31.21 Fair Value Amortized Cost Fair Value Assets Cash and Due from Banks — 462,491,302 — Argentine Central Bank’s Bills (*) 353,680,977 — — Government Securities (*) 101,105,881 — — Corporate Securities (*) 4,802,135 — — Derivative Financial Instruments 2,429,223 — — Repurchase Transactions — 395,830,377 — Other Financial Assets 19,556,018 25,970,900 — Loans and Other Financing — 1,450,106,105 — Other Debt Securities — 175,560,434 8,240,568 Financial Assets Pledged as Collateral 23,423,855 45,212,824 — Investments in Equity Instruments 2,438,682 — — Liabilities Deposits — 2,017,874,559 — Liabilities at fair value through profit or loss 147,408 — — Derivative Financial Instruments 1,387,179 — — Repurchase Transactions — 631,362 — Other Financial Liabilities — 381,231,576 — Financing Received from the Argentine Central Bank and Other Financial Institutions — 46,186,834 — Debt Securities — 54,487,112 — Subordinated Debt Securities — 51,182,953 — (*) Recorded in Debt Securities at fair value trough profit or loss. |
Fair Values
Fair Values | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of fair value measurement of assets [abstract] | |
Fair Values | NOTE 4. FAIR VALUES The Group classifies the fair values of the financial instruments in 3 levels, according to the quality of the data used for their determination Fair Value Level 1: The fair value of financial instruments traded in active markets (as publicly traded derivative instruments, debt securities or instruments available for sale) is based on the quoted market prices as of the date of the reporting period. If the quoted price is available within the 5 business days of the valuation date, and there is an active market for the instrument, this will be included in Level 1. Fair Value Level 2: The fair value of financial instruments not traded in active markets, for example, over-the-counter derivatives, is determined using valuation techniques that maximize the use of observable inputs. If all the significant inputs required to obtain the fair value of a financial instrument are observable, the instrument is included in Level 2. If all or some of the inputs required to determine the price are not observable, the instrument will be included in Level 3. Fair Value Level 3: If one or more relevant inputs are not based on observable market data, the instrument is included in Level 3. Valuation Techniques The valuation techniques to determine fair values include: • Market prices for similar instruments. • Determining the estimated present value of instruments. The valuation technique to determine the fair value Level 2 is based on data other than the quoted price included in Level 1, which are directly observable for assets or liabilities, both directly (i.e., prices) and indirectly (i.e., deriving from prices). Financial instruments classified as level 3 mainly include equity instruments for which the fair value was calculated with the assistance of independent appraisers using methods of future discounted cash flows involving a combined income and market approach. The valuation technique to determine the fair value of other Level 3 financial instruments is based on a method that compares the existing spread between the curve of sovereign bonds and the average yield of primary offerings, for different segments, according to the different risk ratings. If there are no representative primary offerings during the month, the following alternatives will be used: (i) Secondary market prices of instruments under the same conditions, which had quoted in the evaluation month. (ii) prior month bidding and/or secondary market prices, which will be taken based on their representativeness. (iii) prior month spread applied to the sovereign curve. (iv) A specific margin is applied, defined according to historical yields of instruments under the same conditions. As stated above, the rates and spreads to be used to discount future cash flows and originate the price of the instrument are determined. All the modifications to the valuation methods are previously discussed and approved by the Group’s key personnel. The Group’s financial instruments measured at fair value at the end of the reporting period are detailed below: Portfolio of Instruments as of 12.31.22 Fair Value Fair Value Fair Value Assets Argentine Central Bank’s Bills and Notes — 720,162,015 — Government Securities 69,068,417 1,787,485 — Corporate Securities 453,514 174,174 624,718 Derivative Financial Instruments 615 3,327,165 — Other Debt Securities 930,395 2,760,996 — Other Financial Assets 10,559,086 — — Financial Assets Pledged as Collateral 726,983 — — Investments in Equity Instruments 108,651 — 2,130,388 Liabilities Liabilities at fair value through profit or loss (*) 78,223 — — Derivative Financial Instruments — 1,694,114 — Total 81,769,438 726,517,721 2,755,106 (*) They include the operations of obligations for operations with Government Securities of third parties. Portfolio of Instruments as of 12.31.21 Fair Value Fair Value Fair Value Assets Argentine Central Bank’s Bills and Notes — 353,680,977 — Government Securities 93,883,324 3,856,905 3,365,652 Corporate Securities 4,143,343 — 658,792 Derivative Financial Instruments — 2,429,223 — Other Debt Securities 8,240,568 — — Other Financial Assets 8,652,774 23,449 10,879,795 Financial Assets Pledged as Collateral 23,423,855 — — Investments in Equity Instruments 125,807 — 2,312,875 Liabilities Liabilities at fair value through profit or loss (*) 147,408 — — Derivative Financial Instruments — 1,387,179 — Total 138,322,263 358,603,375 17,217,114 (*) Include the operations of obligations for operations with Government Securities of third parties. The evolution of instruments included in Level 3 Fair Value is detailed below: Level 3 12.31.21 Transfers(*) Recognition Derecognition Income Inflation 12.31.22 Government Securities 3,365,652 (1,620,879) 1,382,326 (2,948,883) 1,206,396 (1,384,612) — Corporate Securities 658,792 556,102 1,653,591 (2,415,787) 262,045 (90,025) 624,718 Other Financial Assets 10,879,795 — — (5,585,306) — (5,294,489) — Investments in Equity Instruments 2,312,875 — — — 1,295,971 (1,478,458) 2,130,388 Total 17,217,114 (1,064,777) 3,035,917 (10,949,976) 2,764,412 (8,247,584) 2,755,106 (*) Include the movements of levels of financial instruments classified as fair value Level 3, as described above. Level 3 12.31.20 Transfers(*) Recognition Derecognition Income Inflation 12.31.21 Government Securities 590,305 1,404,019 4,680,943 (3,317,433) (80,191) 88,009 3,365,652 Corporate Securities 3,404,848 (225,656) 2,199,733 (1,420,235) 91,977 (3,391,875) 658,792 Derivative Financial Instruments 4,754,672 — — (3,150,006) — (1,604,666) — Other Financial Assets — — 10,879,795 — — — 10,879,795 Investments in Equity Instruments 16,103,430 824,263 — (9,959,113) 994,109 (5,649,814) 2,312,875 Total 24,853,255 2,002,626 17,760,471 (17,846,787) 1,005,895 (10,558,346) 17,217,114 (*) Include the movements of levels of financial instruments classified as fair value Level 3, as described above. Transfers occurred because the instruments without observable valuation prices at the closing of the fiscal year were reclassified to Level 3, and the instruments with observable market quotes at the closing of the fiscal year were reclassified to Level 1 from Level 3. There were no transfers between Level 2 and Level 3. The Group included below the fair value of the instruments not carried at fair value as of the year-end. Items of Assets/Liabilities as of 12.31.22 Book Value Fair Value Fair Value Fair Value Fair Value Assets Cash and Due from Banks 447,544,202 447,544,202 447,544,202 — — Repurchase Transactions 115,523,908 115,523,908 115,523,908 — — Loans and Other Financing 1,243,616,465 1,247,014,221 — — 1,247,014,221 Other Financial Assets 45,012,228 46,496,752 38,478,158 — 8,018,594 Other Debt Securities (*) 362,983,582 356,320,490 — — 356,320,490 Financial Assets Pledged as Collateral 151,375,750 151,375,750 151,375,750 — — Liabilities Deposits 2,141,977,734 2,141,929,186 — — 2,141,929,186 Financing Received from the Argentine Central Bank and Other Financial Institutions 37,438,244 37,039,118 — — 37,039,118 Debt Securities 67,303,327 65,892,468 59,513,193 — 6,379,275 Subordinated Debt Securities 45,405,004 44,678,601 — — 44,678,601 Other Financial Liabilities 348,779,269 348,490,234 — — 348,490,234 (*) Includes Argentine Central Bank´s Bills for the sum of Ps.34,707,901. Items of Assets/Liabilities as of 12.31.21 Book Value Fair Value Fair Value Fair Value Fair Value Assets Cash and Due from Banks 462,491,302 462,491,302 462,491,302 — — Repurchase Transactions 395,830,377 395,830,377 395,830,377 — — Loans and Other Financing 1,450,106,105 1,458,319,126 — — 1,458,319,126 Other Financial Assets 25,970,900 26,610,060 18,603,534 — 8,006,526 Other Debt Securities 175,560,434 175,560,434 — — 175,560,434 Financial Assets Pledged as Collateral 45,212,824 45,212,824 45,212,824 — — Liabilities Deposits 2,017,874,559 2,017,831,939 — — 2,017,831,939 Repurchase Transactions 631,362 631,362 — — 631,362 Financing Received from the Argentine Central Bank and Other Financial Institutions 46,186,834 45,921,192 — — 45,921,192 Debt Securities 54,487,112 53,720,467 45,062,144 — 8,658,323 Subordinated Debt Securities 51,182,953 50,526,872 — — 50,526,872 Other Financial Liabilities 381,231,576 380,891,640 — — 380,891,640 |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents [abstract] | |
Cash and Cash Equivalents | NOTE 5. CASH AND CASH EQUIVALENTS Cash equivalents are held to meet short-term payment commitments, rather than for investment or similar purposes. A financial asset is classified as cash equivalent if it can be readily convertible into a certain amount of cash and its risk of changes in value is immaterial. Accordingly, an investment with original maturity of three months or less is classified as cash equivalent. Equity interests are excluded from cash equivalents. Cash and cash equivalents break down as follows: 12.31.22 12.31.21 12.31.20 Net cash and Due from Banks (1) 447,544,202 462,491,302 515,787,141 Argentine Central Bank’s Bills and Notes Maturing up to 90 Days (2) 720,162,015 353,680,977 377,306,075 Reverse repurchase Transactions Debtors (3) 115,082,496 394,499,497 178,890,224 Loans to Financial Institutions (3) 5,268,700 12,822,261 19,111,560 Overnight Placements in Foreign Banks (4) 25,191,169 10,939,346 4,886,190 Mutual Funds (5) 10,559,086 8,652,774 8,117,203 Time Deposits (3) 3,053,414 7,408,304 9,722,991 Total Cash and Cash Equivalents 1,326,861,082 1,250,494,461 1,113,821,384 (1) Net of Cash and Cash Equivalents for spot purchases or sales pending settlement. (2) Included within Repurchase transactions. (3) Included within Loans and Other Financing. (4) Included within Other financial assets. (5) Included within Debt Securities at Fair Value through Profit or Loss. The reconciliation of financing activities as of December 31, 2022, 2021 and 2020 is presented below: Item Balances at 31.12.21 Cash flow payments Cash flow receipts Other movements Balances at 31.12.22 Lease Liabilities 8,535,060 (2,675,287) — 1,815,726 7,675,499 Debt Securities 54,487,112 (40,139,963) 67,426,678 (14,470,500) 67,303,327 Subordinated Debt Securities 51,182,953 — — (5,777,949) 45,405,004 Financing Received from the Argentine Central Bank and Other Financial Institutions 46,186,834 (51,426,488) 75,039,162 (32,361,264) 37,438,244 Total 160,391,959 (94,241,738) 142,465,840 (50,793,987) 157,822,074 Item Balances at 31.12.20 Cash flow payments Cash flow receipts Other movements Balances at 31.12.21 Lease Liabilities 12,829,460 (3,381,869) — (912,531) 8,535,060 Debt Securities 50,201,358 (33,225,902) 46,521,453 (9,009,797) 54,487,112 Subordinated Debt Securities 63,666,624 — — (12,483,671) 51,182,953 Financing Received from the Argentine Central Bank and Other Financial Institutions 40,673,631 (34,570,938) 44,827,056 (4,742,915) 46,186,834 Total 167,371,073 (71,178,709) 91,348,509 (27,148,914) 160,391,959 Item Balances at 31.12.19 Cash flow payments Cash flow receipts Other movements Balances at 31.12.20 Lease Liabilities 12,829,461 (3,919,605) — 3,919,604 12,829,460 Debt Securities 117,047,039 (81,853,704) 34,483,183 (19,475,160) 50,201,358 Subordinated Debt Securities 62,041,180 — — 1,625,444 63,666,624 Financing Received from the Argentine Central Bank and Other Financial Institutions 90,959,742 (103,370,372) 57,427,529 (4,343,268) 40,673,631 Total 282,877,422 (189,143,681) 91,910,712 (18,273,380) 167,371,073 The risk analysis for cash and cash equivalents is presented in Note 45. Related parties information is disclosed in Note 51. |
Debt Securities at Fair Value t
Debt Securities at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2022 | |
Debt securities at fair value through profit or loss [Abstract] | |
Debt Securities at Fair Value through Profit or Loss | NOTE 6. DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS The Group’s debt securities at fair value through profit or loss are detailed in Schedule A. The credit quality of debt securities is disclosed in Note 45. |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Derivative Financial Instruments | NOTE 7. DERIVATIVE FINANCIAL INSTRUMENTS FORWARD EXCHANGE CONTRACT WITH NO DELIVERY OF THE UNDERLYING ASSET The Electronic Open Market (Mercado Abierto Electrónico, MAE) and the Rosario Forward Market (ROFEX) have trading areas for the closing, recording and settlement of forward financial transactions between their Agents, including Banco Galicia. In general, the settlement of these transactions is made without delivering the underlying asset. The settlement is carried out daily in Argentine pesos for the difference, if any, between the closing price traded of the underlying asset and the closing price or value of the underlying asset of the previous day, the price difference impacting on Income. The transactions are recorded in Off-balance Sheet Items The accrued balances pending settlement are disclosed in the “Derivative Financial Instruments” line, in Assets and/or Liabilities, as appropriate. INTEREST RATE SWAPS These transactions are traded within the scope of the MAE and feature the daily or monthly settlement in Argentine pesos of the variation between the cash flows calculated at a variable rate (Private Badlar for a period of 30 to 35 days) and the cash flows calculated at a fixed rate or vice versa on the notional agreed, the price difference impacting on Income. The amounts of transactions as of December 31, 2022, and 2021 are as follows: Underlying Asset Type of Settlement 12.31.22(*) 12.31.21(*) Currency Forward Transactions Purchases Foreign currency Daily difference 171,179,833 149,481,259 Sales Foreign currency Daily difference 133,683,779 112,475,076 Customers´ Purchases Foreign currency Daily difference 16,063,178 19,795,639 Customers´ Sales Foreign currency Daily difference 78,450,690 61,162,843 Repurchase Transactions Forward Purchases Government Securities With delivery of the underlying asset — 630,222 Forward Sales Government Securities With delivery of the underlying asset 126,196,373 398,928,496 Options Put options taken Government Securities With delivery of the underlying asset 250,818,157 — Put options taken Foreign currency With delivery of the underlying asset 37,280,188 — (*) Notional values. For further details, refer to Schedule O. |
Repurchase Transactions
Repurchase Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of repurchase transactions [Abstract] | |
Repurchase Transactions | NOTE 8. REPURCHASE TRANSACTIONS As of the indicated dates, the Group maintains the following repurchase transactions: 12.31.22 12.31.21 Debtors for Reserve Repurchase Transactions of Government Securities 115,082,496 394,499,497 Interest Accrued Receivable for Reserve Repurchase Transactions 441,412 1,330,880 Total Repurchase Transactions—Assets 115,523,908 395,830,377 12.31.22 12.31.21 Creditors for Repurchase Transactions of Government Securities — 628,950 Interest Accrued Payable for Repurchase Transactions — 2,412 Total Repurchase Transactions—Liabilities — 631,362 The notional values of the assets transferred in repurchase transactions are presented in Note 7 and Schedule O. 12.31.22 12.31.21 Reverse Repurchase Transactions recorded in Off-Balance Sheet Items 115,082,633 398,928,496 Forward purchases for Repurchase transactions recorded in Financial Assets Pledged as Collateral — 630,222 |
Other Financial Assets
Other Financial Assets | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other financial assets [abstract] | |
Other Financial Assets | NOTE 9. OTHER FINANCIAL ASSETS As of the indicated dates, the balances of “Other Financial Assets” were as follows: 12.31.22 12.31.21 Receivables from Spot Sales of Foreign Currency Pending Settlement 1,155,655 773,442 Receivables from Spot Sales of Government Securities Pending Settlement 22,933,099 6,771,638 Sundry Debtors 18,351,056 25,971,354 Mutual Funds 10,559,086 8,652,774 Premiums from financial guarantee contracts 485,652 582,282 Interest accrued receivable 2,277,032 2,836,694 Fiduciary Participation Certificates — 23,449 Balances from claims pending recovery 15,698 29,455 Others — 12,130 Minus: Allowances (205,964) (126,300) Total 55,571,314 45,526,918 The credit rating quality analysis of Other Financial Assets as of December 31, 2022, was as follows: Debtors Debtors for Sundry Mutual Premiums Interest Balances Not yet due 1,155,655 22,933,099 18,343,954 10,559,086 485,652 2,277,032 15,698 Impaired/Uncollectible — — 7,102 — — — — Allowances — — (205,964) — — — — Total 1,155,655 22,933,099 18,145,092 10,559,086 485,652 2,277,032 15,698 The main factors considered by the Group to determine the impaired assets are their due date status and the possibility to realize the related collateral, if appropriate. |
Loans and Other Financing
Loans and Other Financing | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of loans and other financing [abstract] | |
Loans and Other Financing | NOTE 10. LOANS AND OTHER FINANCING The composition of the Loans and Other Financing portfolio as of the indicated dates is detailed below: 12.31.22 12.31.21 Non-financial Public Sector 1,284,551 970 Argentine Central Bank 3,682 1,038 Financial Institutions 13,663,998 24,828,732 Loans 13,663,998 24,828,732 Non-financial Private Sector and Residents Abroad 1,297,659,004 1,517,448,418 Loans 1,273,553,568 1,491,883,521 Advances 66,463,313 103,537,876 Notes 310,595,276 378,817,542 Mortgage Loans 19,400,825 35,880,059 Pledge Loans 25,613,225 31,595,927 Personal Loans 113,819,719 128,361,773 Credit Card Loans 650,493,992 716,756,813 Other Loans 38,926,091 44,426,445 Accrued Interest, Adjustments and Quotation Differences Receivable 53,617,339 57,179,541 Documented Interest (5,376,212) (4,672,455) Financial Leases 3,478,221 2,170,791 Other Financing 20,627,215 23,394,106 Less: Allowances (68,994,770) (92,173,053) Total 1,243,616,465 1,450,106,105 Classification of Loans and Other Financing as per situation and guarantees received, is detailed in Schedule B. The concentration of Loans and Other Financing is detailed in Schedule C. The breakdown by maturity term of Loans and Other Financing is detailed in Schedule D. The risk analysis for Loans and Other Financing is presented in Note 45. |
Other Debt Securities
Other Debt Securities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other debt securities [Abstract] | |
Other Debt Securities | NOTE 11. OTHER DEBT SECURITIES The Group’s “Other Debt Securities” are detailed in Schedule A. The risk analysis for Other Debt Securities is presented in Note 45. |
Financial Assets Pledged as Col
Financial Assets Pledged as Collateral | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial assets pledged as collateral [abstract] | |
Financial Assets Pledged as Collateral | NOTE 12. FINANCIAL ASSETS PLEDGED AS COLLATERAL The Financial Assets Pledged as Collateral valuated in accordance with their underlying asset for the years under analysis are detailed below: 12.31.22 12.31.21 Deposits as Collateral 100,545,620 31,936,307 Special Accounts as Collateral—Argentine Central Bank 40,580,067 36,070,150 Forward Purchases of monetary regulatory instruments 11,137,483 630,222 Less: Allowances (160,437) — Total 152,102,733 68,636,679 The restricted availability assets are detailed in Note 52.2. |
Current Income Tax Assets
Current Income Tax Assets | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Current Income Tax Assets | NOTE 13. CURRENT INCOME TAX ASSETS As of the indicated dates, the balances of Current Income Tax Assets correspond to: 12.31.22 12.31.21 Tax Advances 410,248 148,785 Total 410,248 148,785 |
Investments In Equity Instrumen
Investments In Equity Instruments | 12 Months Ended |
Dec. 31, 2022 | |
Investments In Equity Instruments [Abstract] | |
Investments In Equity Instruments | NOTE 14. INVESTMENTS IN EQUITY INSTRUMENTS The Group’s “Investments in Equity Instruments” are detailed in Schedule A. Prisma Medios de Pago S.A. (Prisma) Within the framework of the divestment commitment assumed by Prisma Medios de Pago S.A. ("Prisma") and its shareholders before the National Commission for the Defense of Competition, on February 1, 2019, the Bank sold 3,182,444 ordinary shares of Nominal Value Ps.1 each and one vote per share in Prisma to AL ZENITH (Netherlands) B.V. (a company linked to Advent International Global Private Equity), equivalent to 51% of the Bank’s shareholding in that company. The final sale price contemplated in the sale agreement signed by the parties amounted to US$104,469, of which US$63,073 were paid in February 2019 and US$41,396 will be paid in two annual installments in years 2026 and 2027. On October 1, 2021, the Bank, together with all other Prisma’s Class B shareholders, notified AL ZENITH (Netherlands) B.V. the exercise of the put option contemplated in the sale agreement entered into in February 2019. As a result of the exercise of the put option, the process to sell the remaining 49% shareholding in Prisma to AL ZENITH (Netherlands) B.V. was initiated. In March 2022, the Bank executed the sale of the remaining 49% of Banco Galicia´s shareholding in Prisma to AL ZENITH (Netherlands) B.V. representing 7.40% of Prisma's share capital. The final sale price contemplated in the new sale agreement signed by the parties amounted to US$54,358 to be paid as follows: (i) 30% in Pesos, adjusted by a UVA rate plus a nominal annual rate of 15% and (ii) 70% in US Dollars at a nominal annual rate of 10% within a term of six years. |
Equity Investments in Subsidiar
Equity Investments in Subsidiaries, Associates and Joint Ventures | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Equity Investments in Subsidiaries, Associates and Joint Ventures | NOTE 15. EQUITY INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES 15.1 Equity Investments in Subsidiaries The interest and shareholding percentages in companies over which the Group exerts control, and which are consolidated by the Group, are detailed below: Direct and Indirect Equity Investment Company 12.31.22 12.31.21 12.31.22 12.31.21 Agri Tech Investments Argentina S.A.U. 199,937 — 100.00 % — % Agri Tech Investments LLC 199,997,240 — 100.00 % — % Banco de Galicia y Buenos Aires S.A.U. 668,549,353 668,549,353 100.00 % 100.00 % Cobranzas Regionales S.A. 3,910,000 3,910,000 100.00 % 100.00 % Galicia Asset Management S.A.U. 20,000 20,000 100.00 % 100.00 % Galicia Broker Asesores de Seguros S.A. 71,308 71,309 99.99 % 99.99 % Galicia Retiro Compañía de Seguros S.A.U. 27,727,278 27,727,278 100.00 % 100.00 % Galicia Securities S.A.U. 95,392,000 95,392,000 100.00 % 100.00 % Galicia Seguros S.A.U. 1,830,887 1,830,883 100.00 % 100.00 % Galicia Warrants S.A. 1,000,000 1,000,000 100.00 % 100.00 % IGAM LLC 3,503,311,179 1,054,629,498 100.00 % 100.00 % INVIU S.A.U. 2,469,146 2,469,146 100.00 % 100.00 % INVIU Uruguay Agente de Valores S.A.U. 40,000,000 40,000,000 100.00 % 100.00 % Naranja Digital Compañía Financiera S.A.U. 1,712,567,500 1,012,567,500 100.00 % 100.00 % Ondara S.A. (liquidated) (*) — 25,776,101 — % 100.00 % Sudamericana Holding S.A. 185,653 185,653 100.00 % 100.00 % Tarjeta Naranja S.A.U. 2,824 2,824 100.00 % 100.00 % Tarjetas Regionales S.A. 1,756,704,458 1,756,704,458 100.00 % 100.00 % Well Assistance S.A.U. 100,000 — 100.00 % — % (*) It was liquidated in November 2022. Prior to its liquidation, it was consolidated. The following are the balances of subsidiaries, according to IFRS as of the indicated dates: 12.31.22 Company Assets Liabilities Shareholders’ Net Income (Loss) (*) Agri Tech Investments Argentina S.A.U. 296,194 79,762 216,432 6,210 Agri Tech Investments LLC 216,499 — 216,499 6,216 Banco de Galicia y Buenos Aires S.A.U. 2,932,291,913 2,430,794,753 501,497,160 40,671,799 Cobranzas Regionales S.A. 4,046,562 820,996 3,225,566 (3,501,944) Galicia Asset Management S.A.U. 7,297,059 2,642,498 4,654,561 6,124,754 Galicia Broker Asesores de Seguros S.A. (**) 387,673 163,688 223,985 59,036 Galicia Retiro Compañía de Seguros S.A.U. (**) 1,207,605 980,607 226,998 48,755 Galicia Securities S.A.U. 5,292,091 3,283,461 2,008,630 1,439,482 Galicia Seguros S.A.U. (**) 11,773,217 7,184,143 4,589,074 2,434,613 Galicia Warrants S.A. 1,887,739 626,158 1,261,581 86,921 IGAM LLC 2,545,068 492 2,544,576 (2,513,422) INVIU S.A.U. 5,383,829 3,074,547 2,309,282 (2,408,315) INVIU Uruguay Agente de Valores S.A.U. 4,247,005 4,157,659 89,346 (77,468) Naranja Digital Compañía Financiera S.A.U. 32,306,077 28,807,683 3,498,394 (2,984,532) Sudamericana Holding S.A. (**) 5,251,647 14,180 5,237,467 2,466,679 Tarjeta Naranja S.A.U. 413,816,982 338,178,934 75,638,048 9,427,840 Tarjetas Regionales S.A. 85,428,050 7,343 85,420,707 1,098,345 Well Assistance S.A.U. 100,000 — 100,000 — ____________________ (*) Income attributable to the shareholders of the parent. (**) Net income for the twelve-month period ended December 31, 2022. 12.31.21 Company Assets Liabilities Shareholders’ Net Income (Loss) (*) Banco de Galicia y Buenos Aires S.A.U. 2,874,136,521 2,383,075,691 491,060,830 44,670,220 Cobranzas Regionales S.A. 8,727,298 5,926,086 2,801,212 (2,673,186) Galicia Asset Management S.A.U. 5,442,730 1,825,639 3,617,091 4,154,718 Galicia Broker Asesores de Seguros S.A. (**) 167,273 59,241 108,032 104,035 Galicia Retiro Compañía de Seguros S.A.U. (**) 1,347,947 1,074,232 273,715 (50,636) Galicia Securities S.A.U. 8,248,993 6,942,828 1,306,165 894,177 Galicia Seguros S.A.U. (**) 12,906,998 8,390,116 4,516,882 2,415,560 Galicia Warrants S.A. 1,987,896 612,623 1,375,273 25,191 IGAM LLC 1,315,372 561 1,314,811 (2,241,205) INVIU S.A.U. 3,499,594 2,525,129 974,465 (1,812,578) INVIU Uruguay Agente de Valores S.A.U. 148,481 8,236 140,245 (55,261) Naranja Digital Compañía Financiera S.A.U. 2,562,621 176,077 2,386,544 (1,715,976) Ondara S.A. (liquidated) (***) 66,489 27 66,462 (26,527) Sudamericana Holding S.A. (**) 5,343,233 21,965 5,321,268 2,333,182 Tarjeta Naranja S.A.U. 377,420,013 301,058,664 76,361,349 17,704,408 Tarjetas Regionales S.A. 87,291,816 10,449 87,281,367 12,122,798 ____________________ (*) Income attributable to the shareholders of the parent. (**) Net income for the twelve-month period ended December 31, 2021. (***) It was liquidated in November 2022. Prior to its liquidation, it was consolidated. Corporate Reorganization On March 16, 2021, the Public Registry of Commerce registered the merger-spin-off between Grupo Financiero Galicia S.A. as the merging company for the spin-off equity from Dusner S.A., Fedler S.A. and its shareholders, as spin-off companies, jointly holders of 17% of the capital stock of Tarjetas Regionales S.A.; and the capital increase of Grupo Financiero Galicia S.A. Consequently, Grupo Financiero Galicia S.A. now has control of 1,756,704,458 shares of Tarjetas Regionales S.A., which represent 100% of the capital stock and 100% of the votes. On June 15, 2021, Grupo Financiero Galicia S.A. sold 10,000 shares of Tarjetas Regionales S.A., representing 0.000569%, to Galicia Securities S.A.U. Ondara S.A. liquidation and final distribution On April 13, 2022, the Ordinary and Extraordinary Shareholders' Meeting approved the early dissolution of the company and its subsequent liquidation, under the terms of the provisions of article 94, paragraph 1 of the General Law of Companies. By virtue of the net worth resulting from the Special Liquidation Financial Statements, the final distribution was made on the first day of November 2022. Participation in other controlled companies On May 20, 2022, the Board of Directors of the Company resolved the creation of the company Agri Tech Investments LLC, in the state of Delaware, United States of America in order to continue the company's business strategy of providing comprehensive financial services, in this case focused on agriculture. For this purpose, on August 16, 2022, Agri Tech Investments Argentina S.A.U. was created, located in the province of Mendoza, whose main purpose is to operate as a service agent, collection and payment management, and financing for agriculture related activities. On November 7, 2022, Well Assistance S.A.U., a company controlled by Sudamericana Holding S.A., was incorporated, whose main purpose is to provide assistance services of all kinds and/or provide services related to personal or organizational well-being directly aimed at achieving a healthier, fuller and more balanced life, targeting the general public. On December 28, 2022, it was registered in the Public Registry of Commerce. 15.2 Equity Investments in Associates Banco Galicia, together with other financial entities, has set up Play Digital S.A. a company whose purpose is to develop and market a payment solution linked to the bank accounts of the financial system users in order to significantly improve their payment experience. The board of directors of said company is made up of key personnel of Banco Galicia, therefore, having significant influence, the investment is measured by the equity method. Company Equity Place of 12.31.22 12.31.21 Play Digital S.A. 13.61 % CABA 666,769 329,876 The movements of such investment are as follows: Company 12.31.21 Contributions (1) Purchase of Profit Sharing 12.31.22 Play Digital S.A. 329,876 750,396 27,001 (440,504) 666,769 (1) Banco Galicia has made new contributions after the closing. Company 12.31.20 Contributions Sales of Profit Sharing 12.31.21 Play Digital S.A. 262,098 407,369 (88,012) (251,579) 329,876 The basic information regarding Grupo Financiero Galicia’s associates is detailed as follows: Profit Sharing in income (loss) for the Year (*) Company Assets Liabilities Shareholders’ Net Income Play Digital S.A. 4,321,080 446,741 3,874,339 (2,875,476) (*) Balances according to financial statements as of September 30, 2022, restated in closing currency. For more details see Schedule E. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2022 | |
Presentation of leases for lessee [abstract] | |
Leases | NOTE 16. LEASES This Note provides information for leases where the Grupo is the lessee: (i) Amounts recognized in the Statement of Financial Position: 12.31.22 12.31.21 Right-of-use asset (1) 7,392,623 8,774,951 Real estate 7,392,623 8,774,951 Lease Liabilities (2) (7,675,499) (8,535,060) (1) Recorded in Property, Plant and Equipment. (2) Recorded in Other Financial Liabilities, see Note 25. Additions to the right-of-use assets during the financial year were Ps.1,349,709. The maturity of lease liabilities is disclosed in Note 45. (ii) Amounts recognized in the Statement of Income: 12.31.22 12.31.21 Charge for depreciation of right-of-use assets (1)(2) (2,683,632) (3,945,172) Interest Expenses (3) (1,143,136) (1,033,047) Expenses related to short-term leases (4) (51,590) (486,155) Expenses related to low-value assets leases (4) (302,292) (458,539) Sublease Income (5) 4,343 4,344 (1) Depreciation for right of use of Real Property. (2) Recorded in Depreciation and Impairment of assets, see Note 39. (3) Recorded in Other Operating Expenses, Lease Interest, see Note 40. (4) Recorded in Administrative Expenses, see Note 38. (5) Recorded in Other Operating Income, see Note 34. The roll forward of right -of-use assets and lease liabilities during the years 2022 and 2021 is as follows: Right-of-use assets 12.31.22 12.31.21 Balances at the beginning of the year 8,774,951 11,915,563 Additions 1,349,709 1,173,475 Cancellation of contracts (48,405) (368,915) Depreciation of the year (2,683,632) (3,945,172) Balances at the end of the year 7,392,623 8,774,951 Lease liabilities (1) 12.31.22 12.31.21 Balances at the beginning of the year 8,535,060 12,829,461 New contracts 1,349,709 1,173,475 Cancellation of contracts (48,405) (368,915) Lease payments (2,675,287) (3,381,869) Leases financial cost 1,143,136 1,033,047 Translation differences and inflation adjustment (628,714) (2,750,139) Balances at the end of the year 7,675,499 8,535,060 (1) Recorded in the item Other Financial Liabilities, see Note 25. The total cash flows related to leases was Ps.2,675,287. |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2022 | |
Property, plant and equipment [abstract] | |
Property, Plant and Equipment | NOTE 17. PROPERTY, PLANT AND EQUIPMENT Changes in “Property, Plant and Equipment” are detailed in Schedule F. The carrying amounts of “Property, Plant and Equipment” do not exceed their recoverable values. |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2022 | |
Intangible assets and goodwill [abstract] | |
Intangible Assets | NOTE 18. INTANGIBLE ASSETS Changes in “Intangible Assets” are detailed in Schedule G. The carrying amounts of “Intangible Assets” do not exceed their recoverable values. |
Deferred Income Tax Assets_Liab
Deferred Income Tax Assets/Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Deferred tax assets and liabilities [abstract] | |
Deferred Income Tax Assets/Liabilities | NOTE 19. DEFERRED INCOME TAX ASSETS/LIABILITIES Changes in “Deferred Income Tax Assets and Liabilities” during the fiscal years ended December 31, 2022, and December 31, 2021, are as follows: Deferred Tax Assets Item 12.31.21 Charge to 12.31.22 Valuation of Securities — 156,266 156,266 Derivate Instruments 33,294 (33,294) — Loans and Other Financing 32,225,184 (11,956,131) 20,269,053 Tax Loss Carryforwards 1,744,754 361,746 2,106,500 Other Non-financial Assets 23,009 1,684,193 1,707,202 Other Financial Liabilities — 455,812 455,812 Provisions 506,669 4,658,874 5,165,543 Other Non-financial Liabilities 2,029,890 1,065,210 3,095,100 Foreign Currency Exchange Differences 27,935 (21,558) 6,377 Inflation adjustment deferral 12,559,153 (9,728,511) 2,830,642 Others 219,382 (184,654) 34,728 Totals 49,369,270 (13,542,047) 35,827,223 Net deferred tax assets in subsidiaries with net liability position (41,019,665) 12,444,154 (28,575,511) Deferred tax assets 8,349,605 (1,097,893) 7,251,712 Deferred Tax Liabilities Item 12.31.21 Charge to 12.31.22 Valuation of Securities (2,700,623) (6,872,763) (9,573,386) Derivate Instruments — (463,773) (463,773) Other Financial Assets (295,369) (277,445) (572,814) Property, Plant and Equipment (35,746,609) 21,289,995 (14,456,614) Intangible Assets (10,889,422) 1,306,420 (9,583,002) Other Non-financial Assets (418,844) 220,478 (198,366) Other Financial Liabilities (266,594) 266,594 — Debt Securities — (74,973) (74,973) Subordinated Debt Securities — (9,061) (9,061) Provisions (1,268,267) 1,268,267 — Other Non-financial Liabilities — (4,655) (4,655) Inflation adjustment deferral (11,066) 5,806 (5,260) Others (1,301) 1,301 — Totals (51,598,095) 16,656,191 (34,941,904) Net deferred tax liabilities in subsidiaries with net asset position 41,019,665 (12,444,154) 28,575,511 Deferred tax liabilities (10,578,430) 4,212,037 (6,366,393) Deferred Tax Assets Item 12.31.20 Charge to Others 12.31.21 Valuation of Securities 308 (308) — — Derivative Instruments — 33,294 — 33,294 Loans and other financing 33,040,056 (814,872) — 32,225,184 Tax Loss Carryforwards 919,676 825,078 — 1,744,754 Other Non-financial Assets 87,996 (64,987) — 23,009 Other Financial Liabilities 5,472 (5,472) — — Subordinated Debt Securities 20,771 (20,771) — — Provisions 2,315,141 (1,808,472) — 506,669 Other Non-financial Liabilities 1,200,759 829,131 — 2,029,890 Foreign Currency Exchange Differences — 27,935 — 27,935 Inflation adjustment deferral 34,161,804 (996,608) (20,606,043) 12,559,153 Others 634,286 (414,904) — 219,382 Totals 72,386,269 (2,410,956) (20,606,043) 49,369,270 Net deferred tax assets in subsidiaries with net liability position (45,299,012) 4,279,347 — (41,019,665) Deferred tax assets 27,087,257 1,868,391 (20,606,043) 8,349,605 The amount of Ps.20,606,043 exposed in “Others” correspond to the application of the tax inflation adjustment for fiscal year 2021 in Banco Galicia’s tax return filed for said fiscal year. Deferred Tax Liabilities Item 12.31.20 Charge to Others 12.31.21 Valuation of Securities (3,834,717) 1,134,094 — (2,700,623) Other Financial Assets (73,874) (221,495) — (295,369) Property, Plant and Equipment (33,309,265) (2,437,344) — (35,746,609) Intangible Assets (7,777,992) (3,111,430) — (10,889,422) Other Non-financial Assets (535,921) 117,077 — (418,844) Other Financial Liabilities (101,955) (164,639) — (266,594) Subordinated Debt Securities (47,171) 47,171 — — Provisions — (1,268,267) — (1,268,267) Other Non-financial Liabilities (1,200) 1,200 — — Foreign Currency Exchange Differences (7,129) 7,129 — — Inflation adjustment deferral (11,218) 152 — (11,066) Others (1,184) (117) — (1,301) Totals (45,701,626) (5,896,469) — (51,598,095) Net deferred tax liabilities in subsidiaries with net asset position 45,299,012 (4,279,347) — 41,019,665 Deferred tax liabilities (402,614) (10,175,816) — (10,578,430) In addition, the expiration dates of tax loss carryforwards are as follows: Year of Generation Amount Year Due Deferred Tax Assets 2018 78,989 2023 23,697 2019 573,890 2024 172,167 2020 2,412,703 2025 723,812 2021 2,311,980 2026 809,193 2022 1,078,946 2027 377,631 6,456,508 2,106,500 |
Assets_Liabilities for Insuranc
Assets/Liabilities for Insurance Contracts | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of types of insurance contracts [abstract] | |
Assets/Liabilities for Insurance Contracts | NOTE 20. ASSETS/LIABILITIES FOR INSURANCE CONTRACTS Assets related to insurance contracts as of the indicated dates are detailed as follows: Assets from Insurance Contracts 12.31.22 12.31.21 Premiums Receivable 4,821,779 6,115,760 Credits with Reinsurers 14,951 34,782 Fees Receivables 95,365 29,385 Others 174 87,577 Total 4,932,269 6,267,504 Liabilities related to insurance contracts as of the indicated dates are detailed as follows: Liabilities from Insurance Contracts 12.31.22 12.31.21 Debts with Insured Persons 1,105,279 1,584,325 Debts with Reinsurers 70,765 50,761 Debts with Co-insurers 1,463 2,063 Debts with Producers 894,824 1,149,997 Technical Commitments 2,857,681 3,396,104 Others 218,284 169,108 Pending Claims in charge of Reinsures (38,376) (137,230) Total 5,109,920 6,215,128 Debts with Insured Persons 12.31.22 12.31.21 Property & Casualty Insurance 618,841 877,632 Direct Administrative Insurance 418,094 542,672 Direct Insurance in Lawsuits 14,184 18,050 Direct Insurance in Mediation 1,154 4,806 Settled Claims Payable 617 25,487 Pending Claims, Active Reinsurance and Retrocession 981 1,395 Claims Incurred but not Reported (IBNR) 183,811 285,222 Life Insurance 467,487 668,433 Direct Administrative Insurance 391,250 541,523 Direct Insurance in Lawsuits 9,276 40,836 Direct Insurance in Mediation 4,212 14,450 Settled Claims Payable 166 3,154 Pending Claims, Active Reinsurance and Retrocession 20,428 42,044 Claims Incurred but not Reported (IBNR) 42,155 26,426 Retirement Insurance 18,951 38,260 Annuities Payable in Arrears 231 242 Others 18,720 38,018 Total 1,105,279 1,584,325 Debt with Reinsurers and Coinsurance Current Reinstatement Minimum Deposit Deposits Unpaid Losses Total Debts with Reinsurers 181,274 — (110,509) — (38,376) 32,389 Debts with Co-insurers 1,463 — — — — 1,463 Total as of 12.31.22 182,737 — (110,509) — (38,376) 33,852 Total as of 12.31.21 165,339 — (112,514) — (137,230) (84,405) Debts with Producers 12.31.22 12.31.21 Checking Account—Producers 179,804 204,502 Fees for Premiums Receivable 711,183 920,708 Production Expenses Payable 3,837 24,787 Total 894,824 1,149,997 Technical Commitments 12.31.22 12.31.21 Ongoing and Similar Risk 1,623,342 1,997,324 Premiums and Surcharges 1,488,561 1,849,156 Premiums on Passive Reinsurance (14,264) (21,583) Active Reinsurance 145,820 169,484 Insufficient Premiums 3,225 267 Mathematical Reserves 1,234,339 1,398,780 Mathematical Reserves for Individual Life Insurance 399,016 437,137 Mathematical Reserves for Individual Retirement Insurance 293,708 307,349 Mathematical Reserves of Life Annuities 353,019 438,308 Provision for the Mathematical Reserve Recomposition 34 39 Fluctuation Funds 187,551 214,413 Others 1,011 1,534 Total 2,857,681 3,396,104 Insurance liabilities were recorded according to the liability adequacy test, using the current estimates of future cash flows derived from insurance contracts. The assumptions used are as follows: 12.31.22 12.31.21 Mortality Table GAM 94 GAM 94 Investment (Discount) Rate Products in US$: 4.84% annually Products in US$: 14.77% annually Products in Ps.: 108.46% annually Products in Ps.: 7.58% annually Life Insurance Reference Rate 75% of the projection of the BADLAR rate starting from 69.47% plus the correction according to Resolution 2020-321 of the Argentine Superintendency of Insurance. 75% of the projection of the BADLAR rate starting from 34.22% plus the correction according to Resolution 2020-321 of the Argentine Superintendency of Insurance. Administrative Expenses Ps.0.77 for voluntary retirement and Ps.4.75for annuities Ps.0.40 for voluntary retirement and Ps.2.88 for annuities |
Other Non-financial Assets
Other Non-financial Assets | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Other Non Financial Assets [abstract] | |
Other Non-financial Assets | NOTE 21. OTHER NON-FINANCIAL ASSETS “Other Non-financial Assets” break down as follows: 12.31.22 12.31.21 Payments on behalf of third parties 1,890,308 1,735,212 Advances of fees to Directors and Syndics 10,284 13,392 Advances to Personnel 25,733 7,720 Tax Credits 6,053,586 2,688,802 Payments made in Advance 6,216,180 8,069,629 Advances for Purchase of Assets 4,356,287 1,911,733 Investment properties (*) 1,642,350 1,670,187 Other Sundry Assets Measured at Cost 3,625,228 3,319,687 Assets Taken in Defense of Credits 100,433 15,219 Others 1,250,185 824,547 Total 25,170,574 20,256,128 ____________________ (*) Changes in “Investment Properties” are detailed in Schedule F. |
Non-current Assets Held for Sal
Non-current Assets Held for Sale and Discontinued Operations | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Noncurrent Assets Held For Sale And Discontinued Operations [abstract] | |
Non-current Assets Held for Sale and Discontinued Operations | NOTE 22. NON-CURRENT ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS The Group has classified the following assets as “Assets Held for Sale and Discontinued Operations”: 12.31.22 12.31.21 Property, Plant and Equipment Real Estate 1,251 1,280 Total 1,251 1,280 |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of deposits [abstract] | |
Deposits | NOTE 23. DEPOSITS Deposits break down as follows as of the indicated dates: 12.31.22 12.31.21 In Pesos 1,766,150,175 1,631,577,979 Checking Accounts 294,749,579 466,787,323 Savings Accounts 560,336,808 465,304,051 Time Deposits 788,224,021 643,940,403 Time Deposits – UVA 37,367,825 30,078,384 Others 40,660,400 5,958,497 Interest and Adjustments 44,811,542 19,509,321 In Foreign Currency 375,827,559 386,296,580 Savings Accounts 310,307,348 314,644,903 Time Deposits 58,500,808 65,306,279 Others 6,918,371 6,214,561 Interest and Adjustments 101,032 130,837 Total 2,141,977,734 2,017,874,559 The concentration of deposits is detailed in Schedule H. The breakdown of deposits by remaining term is detailed in Schedule I. The breakdown of deposits by sector is detailed in Schedule P. |
Liabilities Measured at Fair Va
Liabilities Measured at Fair Value Through Profit or Loss | 12 Months Ended |
Dec. 31, 2022 | |
Liabilities measured at fair value through profit or loss [Abstract] | |
Liabilities Measured at Fair Value Through Profit or Loss | NOTE 24. LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS |
Other Financial Liabilities
Other Financial Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Other Financial Liabilities [abstract] | |
Other Financial Liabilities | NOTE 25. OTHER FINANCIAL LIABILITIES The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 Creditors for Purchase to be Settled 24,406,126 60,142,118 Collections and Other Transactions on Behalf of Third Parties 25,366,665 29,090,423 Obligations for Purchase Financing 241,924,478 257,970,202 Creditors for Purchase of Foreign Currency to be Settled 20,047,542 5,937,596 Accrued Fees Payable 5,228,217 1,680,017 Sundry Items Subject to Minimum Cash 2,214,410 2,280,492 Sundry Items not Subject to Minimum Cash 10,989,606 14,711,091 Financial Liabilities for guarantees and sureties granted (financial guarantee contracts) 702,749 669,247 Cash or equivalents for purchases or cash sales to be settled 23,685 196,433 Lease Liabilities 7,675,499 8,535,060 Other Financial Liabilities 10,200,292 18,897 Total 348,779,269 381,231,576 |
Loans from the Argentine Centra
Loans from the Argentine Central Bank and Other Financial Institutions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Loans from the Argentine Central Bank and Other Financial Institutions | NOTE 26. LOANS FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONS The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 Argentine Central Bank Financing 98,832 82,448 Correspondents 1,933,464 6,756,918 Financing from Local Financial Institutions 29,984,607 33,336,630 Financing from Foreign Financial Institutions 3,650,058 673,505 Financing from International Financial Institutions 1,771,283 5,337,333 Total 37,438,244 46,186,834 The breakdown of loans per remaining terms is detailed in Schedule I. The following table details the credit lines with local and international financial institutions and entities as of the indicated dates: Financial Institutions and/or Agencies Placement Date Currency Term(*) Rate(*) Maturity Amount as Local Institutions BICE Sundry Dates Ps. 1,423 days 24.30 Sundry Dates 1,085,928 BICE Sundry Dates US$ 1,729 days 8.80 Sundry Dates 1,163,515 Agreements with Banks (1) Sundry Dates Ps. 426 days 70.70 Sundry Dates 27,019,941 Call Taken 12.30.22 Ps. 3 days 21.80 01.21.23 715,223 Export Line 12.27.22 US$ 62 days 8.80 02.27.23 1,771,283 Argentine Central Bank 12.30.22 Ps. 3 days — 01.21.23 98,832 International Institutions Correspondents 12.30.22 US$ 3 days — 01.02.23 1,933,464 IFC Sundry Dates US$ 2,082 days 8.00 Sundry Dates 1,771,283 Pre-financing Sundry Dates US$ 182 days 8.10 Sundry Dates 1,878,775 Total 37,438,244 (*) Weighted average. (**) It includes principal and interest. (1) Relates to Naranja X’ credit lines. Financial Institutions and/or Agencies Placement Date Currency Term(*) Rate(*) Maturity Amount as Local Institutions BICE Sundry Dates Ps. 2080 days 39.5 Sundry Dates 928,875 BICE Sundry Dates US$ 1449 days 4.2 Sundry Dates 2,485,586 Agreements with Banks (1) Sundry Dates Ps. 364 days 41.6 Sundry Dates 28,753,410 Call Taken 12.30.21 Ps. 4 days 29.5 01.03.22 194,793 Call Taken 12.29.21 Ps. 7 days 30.0 01.03.22 973,966 Argentine Central Bank 12.30.21 Ps. 4 days — 01.03.22 82,448 International Institutions Correspondents 12.30.21 US$ 4 days — 01.03.22 6,756,918 IFC Sundry Dates US$ 1789 days 3.0 Sundry dates 5,337,333 Pre-financing Sundry Dates US$ 180 days 4.1 Sundry dates 673,505 Total 46,186,834 (*) Weighted average. (**) It includes principal and interest. |
Debt Securities
Debt Securities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Unsubordinated Debt Securities Outstanding [Abstract] | |
Debt Securities | NOTE 27. DEBT SECURITIES The following is a breakdown of the Global Programs for the Issuance of Debt securities outstanding: Company Authorized Type of Debt Securities Program Approval Date CNV Approval Grupo Financiero Galicia S.A. US$ 100,000 Simple debt securities not convertible into shares 5 years 03.09.09 confirmed on 08.02.12 Resolution No. 16113 dated 04.29.09 and extended by Resolution No. 17343 dated 05.08.14 and Provision No. DI-2019-63-APN-GE#CNV dated 08.06.19. Authorization of Increase, Resolution No. 17,064 dated 04.25.13 Banco de Galicia y Buenos Aires S.A.U. US$ 2,100,000 Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. 5 years 04.28.05, 04.14.10, 04.29.15, 11.09.16 and 04.28.20 Resolution No. 15228 dated 11.04.05 and extended through Resolution No. 16454 dated 11.11.10 and Resolution No. 17883 dated 11.20.15 and Resolution No. DI-2020-53-APN-GE#CNV dated 11.24.20. Increase of the amount approved by Resolutions No. 17883 dated 11.20.15, No. 18081 dated 06.10.16, No. 18480 dated 01.26.17 and No. 19520 dated 05.17.18 Banco de Galicia y Buenos Aires S.A.U. US$ 2,100,000 Simple debt securities not convertible into shares — 04.25.19 Frequent Issuer Registration No. 11, granted by Resolution No. RESCFC-2019-2055-APN-DIR#CNV, dated 11/13/19 of CNV´s Board of Directors Tarjeta Naranja S.A.U. US$ 1,000,000 Simple debt securities, not convertible into shares 5 years 03.08.12 Resolution No. 15220 dated 07.14.05 and extended through Resolution No. 17676 dated 05.21.15 and No. DI2020-20-APNGE#CNV dated 03.18.20. Increase of the amount approved by Resolutions No. 15.361 dated 03.23.06, 15.785 dated 11.16.07, 16.571 dated 05.24.11, 16.822 dated 05.23.12 and 19.508 dated 05.10.18 (*) Or its equivalent in any other currency. The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2022, net of repurchases of Own Debt: Company Placement Currency Class Face Value Term Maturity Rate Book Banco de Galicia y Buenos Aires S.A.U. 09.12.22 Ps. XII 5,829,400 6 months 03.12.23 Badlar + —% 5,931,970 Tarjeta Naranja S.A.U. 05.13.21 Ps. XLIX Serie II 1,246,500 730 days 08.13.23 Badlar + 7.24% 1,780,394 Tarjeta Naranja S.A.U. 01.31.22 Ps. LI Serie I 2,715,058 365 days 01.31.23 Badlar + 3.99% 3,051,414 Tarjeta Naranja S.A.U. 01.31.22 Ps. LI Serie II 3,284,942 730 days 01.31.23 Badlar + 6.00% 3,640,545 Tarjeta Naranja S.A.U. 04.07.22 Ps. LIII Serie I 4,532,644 365 days 04.07.23 Badlar + 3.75% 5,279,564 Tarjeta Naranja S.A.U. 04.07.22 Ps. LIII Serie II 4,192,612 730 days 04.07.24 Badlar + 5.25% 4,817,767 Tarjeta Naranja S.A.U. 07.05.22 Ps. LIV Serie I 3,220,141 365 days 07.05.23 Badlar + 2.85% 3,771,036 Tarjeta Naranja S.A.U. 07.05.22 Ps. LIV Serie II 4,779,859 730 days 07.05.24 Badlar + 4.99% 5,468,838 Tarjeta Naranja S.A.U. 08.09.22 Ps. LV Serie I 6,968,538 270 days 05.09.23 Badlar + —% 6,763,376 Tarjeta Naranja S.A.U. 08.09.22 Ps. LV Serie II 10,141,234 548 days 02.09.24 Badlar + 3.00% 8,361,826 Tarjeta Naranja S.A.U. 11.04.22 Ps. LVII 8,437,300 365 days 11.04.23 Badlar + 4.50% 9,176,588 Tarjeta Naranja S.A.U. 04.04.21 US$ XLVII 8,500 742 days 04.28.23 7.00 % 1,524,768 Tarjeta Naranja S.A.U. 03.22.22 US$ LII 7,500 770 days 04.30.24 5.00 % 1,332,845 Total 60,900,931 (*) It includes principal and interest. On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the “Green Bond” which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year facility, with interest payable every six months. The Green Bond has a 36-month grace period in respect of the repayment of principal, followed by payments in 9 installments due every six months. As of December 31, 2022, the carrying amount of the Green Bond totals Ps.6,402,396, and it amounted to Ps.8,985,121 as of December 31, 2021. The Company has the following Unsubordinated Debt Securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2021, net of repurchases of Own Debt: Company Placement Currency Class Face Value Term Maturity Rate Book Banco de Galicia y Buenos Aires S.A.U. 08.19.21 Ps. IX 1,625,968 12 months 08.19.22 Badlar + 3.00% 3,252,764 Banco de Galicia y Buenos Aires S.A.U. 08.19.21 Ps. X 1,349,672 9 months 05.19.22 Fija 41.00% 2,072,483 Tarjeta Naranja S.A.U. 04.11.17 Ps. XXXVII 3,845,700 1826 days 04.11.22 Tasa mínima 15.00% / Badlar + 3.50% 2,602,729 Tarjeta Naranja S.A.U. 07.08.20 Ps. XLIV 3,574,897 549 days 01.08.22 Badlar + 4.00% 1,292,537 Tarjeta Naranja S.A.U. 12.18.20 Ps. XLV 3,057,000 365 days 12.18.22 Badlar + 5.00% 10,624 Tarjeta Naranja S.A.U. 02.17.21 Ps. XLVI 4,000,000 365 days 02.17.22 Badlar + 4.72% 8,103,724 Tarjeta Naranja S.A.U. 04.26.21 Ps. XLVIII 5,001,000 365 days 04.26.22 Badlar + 5.00% 10,238,961 Tarjeta Naranja S.A.U. 08.13.21 Ps. XLIX Serie I 2,712,000 365 days 08.13.22 Badlar + 5.50% 4,814,617 Tarjeta Naranja S.A.U. 08.13.21 Ps. XLIX Serie II 1,246,500 730 days 08.13.23 Badlar + 7.24% 3,363,075 Tarjeta Naranja S.A.U. 11.10.21 Ps. L 4,050,000 365 days 11.10.22 Badlar + 5.00% 8,037,454 Tarjeta Naranja S.A.U. 04.04.21 US$ XLVII 8,500 742 days 04.28.23 7 % 1,713,023 Total 45,501,991 (*) It includes principal and interest. The repurchases of Own Debt securities as of the indicated dates are as follows: Company ON Class Nominal Value as of Book Value(*) as of Banco de Galicia y Buenos Aires S.A.U. XII 40,000 48,205 Tarjeta Naranja S.A.U. XLVII 2 383 Tarjeta Naranja S.A.U. XLIX Serie II 57,000 64,429 Tarjeta Naranja S.A.U. LI Serie I 8,703 9,763 Tarjeta Naranja S.A.U. LI Serie II 50,000 57,853 Tarjeta Naranja S.A.U. LII 13 2,216 Tarjeta Naranja S.A.U. LIII Serie I 50,000 58,172 Tarjeta Naranja S.A.U. LIII Serie II 100,000 116,667 Tarjeta Naranja S.A.U. LIV Serie I 170 197 Tarjeta Naranja S.A.U. LIV Serie II 135,000 151,875 Tarjeta Naranja S.A.U. LV Serie I 831,590 892,027 Tarjeta Naranja S.A.U. LV Serie II 2,585,727 2,807,435 Tarjeta Naranja S.A.U. LVII 189,000 211,303 Total 4,420,525 (*) It includes principal and interest. Company ON Class Nominal Value as of Book Value(*) as of Tarjeta Naranja S.A.U. XXXVII 9,820 106,297 Tarjeta Naranja S.A.U. XLIV 70,000 44,058 Tarjeta Naranja S.A.U. XLVI 38,000 77,329 Tarjeta Naranja S.A.U. XLVIII 99,300 200,224 Tarjeta Naranja S.A.U. XLIX Serie I 355,000 724,023 Tarjeta Naranja S.A.U. XLIX Serie II 27,000 55,360 Tarjeta Naranja S.A.U. L 125,479 255,017 Total 1,462,308 (*) It includes principal and interest. |
Subordinated Debt Securities
Subordinated Debt Securities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Subordinated Debt Securities | NOTE 28. SUBORDINATED DEBT SECURITIES The Company has the following subordinated debt securities not convertible into shares issued under the Global Programs detailed in Note 27 as of the close of the fiscal year: Company Placement Date Currency ON Class Nominal Value Term Maturity Rate Book Value Book Value Banco de Galicia y Buenos Aires S.A.U. 07.19.16 US$ II US$250,000 120 months (1) 07.19.26 (2) 45,405,004 51,182,953 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other provisions [abstract] | |
Provisions | NOTE 29. PROVISIONS The account breaks down as follows as of the indicated dates: 12.31.2022 12.31.2021 For Termination Benefits 2,777,084 512,006 Others 7,477,939 8,023,050 Total 10,255,023 8,535,056 Changes in the “Provisions” account for fiscal year 2022 are detailed in Schedule J. |
Other Non-financial Liabilities
Other Non-financial Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other non-financial liabilities [abstract] | |
Other Non-financial Liabilities | NOTE 30. OTHER NON-FINANCIAL LIABILITIES The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 Creditors for sale of assets 775,912 739,634 Tax withholdings and collections payable 29,678,770 24,844,946 Payroll and Social Contributions Payable 18,071,442 17,363,085 Withholdings on Payroll Payable 1,074,305 1,034,206 Fess to Directors and Syndics 624,610 461,673 Value-Added Tax 4,066,875 3,647,479 Sundry Creditors 9,541,409 13,479,207 Taxes Payable 17,821,122 11,617,415 Obligations Arising from Contracts with Customers (*) 2,782,656 4,193,566 Retirement payment orders pending settlement 355,378 232,488 Other Non-financial Liabilities 4,760,346 742,170 Total 89,552,825 78,355,869 (*) Including Liabilities for Quiero! Customer Loyalty Program. Deferred income resulting from contracts with customers includes the liabilities for the “ Quiero! ” Customers Loyalty Program. The Group estimates the fair value of the points assigned to customers under the above-mentioned program. This value is estimated by means of the use of a mathematical model that considers certain assumptions of redemption rates, the fair value for the exchanged points based on the combination of available products and the customers’ preferences, as well as breakage. As of December 31, 2022, Ps.2,389,573 was recorded for non-exchanged points, whereas as of December 31, 2021, such amount totaled Ps.3,615,145. The following table shows the estimated use of the liabilities recorded as of this fiscal year-end. Terms Item Up to 12 Up to 24 Over 24 Total Liabilities – “Quiero!” Customers Loyalty Program 1,098,237 615,085 676,251 2,389,573 |
Capital Stock
Capital Stock | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Capital Stock [abstract] | |
Capital Stock | NOTE 31. CAPITAL STOCK The capital stock structure is detailed in Schedule K. Due to the spin-off-merger in Tarjetas Regionales S.A. non-controlling interest, mentioned in Note 15.1, the Company increased its capital by 47,927,494 Class B shares. On March 16, 2021 the capital increase of Grupo Financiero Galicia S.A. was registered with the Public Registry of Commerce. The expenses related to the capital increase amounted to Ps. 38,660 and are deducted from the share premium. The Company has no treasury shares in portfolio. |
Income Statement Breakdown
Income Statement Breakdown | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of income statement breakdown [Abstract] | |
Income Statement Breakdown | NOTE 32. INCOME STATEMENT BREAKDOWN |
Exchange Rate Differences on Go
Exchange Rate Differences on Gold and Foreign Currency | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions in foreign currency [abstract] | |
Exchange Rate Differences on Gold and Foreign Currency | NOTE 33. EXCHANGE RATE DIFFERENCES ON GOLD AND FOREIGN CURRENCY The account breaks down as follows as of the indicated dates: Arising from: 12.31.22 12.31.21 12.31.20 For Purchase sale of foreign currency 8,558,152 4,024,806 14,998,837 For Valuation of Assets and Liabilities in Foreign Currency 11,579,663 4,730,600 5,722,350 Total 20,137,815 8,755,406 20,721,187 |
Other Operating Income
Other Operating Income | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Other Operating Income [abstract] | |
Other Operating Income | NOTE 34. OTHER OPERATING INCOME The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Fees for Product Package 15,063,312 17,249,945 18,514,125 Other Adjustments and Interest on sundry Credits 37,134,394 13,792,004 15,424,588 Rental of Safety Deposit Boxes 4,005,431 3,950,001 3,808,196 Other Financial Income 1,099,101 912,692 1,703,019 Other Income from Services 19,620,559 14,776,894 12,459,178 Reversed allowances 64,949 1,968,716 4,998,476 Others 13,848,904 17,156,287 8,726,313 Total 90,836,650 69,806,539 65,633,895 |
Underwriting Income from Insura
Underwriting Income from Insurance Business | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of types of insurance contracts [abstract] | |
Underwriting Income from Insurance Business | NOTE 35. UNDERWRITING INCOME FROM INSURANCE BUSINESS The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Premiums and Surcharges Accrued 22,292,484 23,819,431 22,902,633 Claims Accrued (3,925,965) (4,365,154) (3,313,251) Redemptions (79,868) (62,040) (49,526) Fixed and Periodic Annuities (31,292) (36,754) (39,952) Production and Operating Expenses (4,389,682) (4,774,054) (3,455,541) Other Income and Expenses (174,946) (264,235) (192,555) Total 13,690,731 14,317,194 15,851,808 |
Loan Loss Charges
Loan Loss Charges | 12 Months Ended |
Dec. 31, 2022 | |
Loan Loss Charges [Abstract] | |
Loan Loss Charges | NOTE 36. LOAN LOSS CHARGES The following items are included in the account as of the indicated dates: 12.31.22 12.31.21 12.31.20 Expected credit loss allowance (49,639,031) (39,702,996) (97,994,201) Direct charge offs (2,812,756) (3,054,818) (2,505,573) Total (52,451,787) (42,757,814) (100,499,774) |
Personnel Expenses
Personnel Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Personnel Expenses [abstract] | |
Personnel Expenses | NOTE 37. PERSONNEL EXPENSES The following are the items included in the account as of the indicated dates: 12.31.22 12.31.21 12.31.20 Payroll (54,764,497) (54,506,021) (58,186,840) Social Contributions on Payroll (13,055,718) (12,723,002) (13,386,919) Personnel Compensations and Rewards (24,189,712) (18,892,664) (17,087,970) Services for Personnel (2,694,456) (2,305,942) (2,249,939) Other Short-term Personnel Expenses (1,963,003) (1,754,829) (2,297,930) Other Long-term Personnel Expenses (224,071) (287,815) (363,840) Total (96,891,457) (90,470,273) (93,573,438) |
Administrative Expenses
Administrative Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Summary Of Expenses By Nature Administrative Expenses [abstract] | |
Administrative Expenses | NOTE 38. ADMINISTRATIVE EXPENSES The Group presented its statement of comprehensive income by function. Under this method, expenses are classified according to their function as part of the item “Administrative Expenses”. The table below provides the required additional information about expenses by nature and function as of the indicated dates: 12.31.22 12.31.21 12.31.20 Fees and Remunerations for Services (7,578,586) (5,759,643) (8,689,077) Directors’ and Syndics’ Fees (1,245,979) (761,797) (1,389,599) Advertising and Marketing (4,269,032) (4,499,987) (4,711,882) Taxes (23,537,781) (22,616,287) (21,322,510) Maintenance and Repairs of Assets and Systems (13,949,927) (15,648,221) (12,637,267) Electricity and Communications (4,644,902) (5,602,823) (6,718,037) Representation and Travel Expenses (232,997) (131,569) (171,613) Stationery and Office Supplies (1,495,928) (787,861) (1,233,078) Rentals (353,882) (944,694) (908,087) Administrative Services under Contract (16,375,358) (14,892,350) (15,370,693) Security (2,129,312) (2,257,421) (3,417,482) Insurance (804,566) (933,794) (725,554) Armored Transportation Services (5,587,153) (5,530,263) (4,594,789) Others (9,206,140) (7,686,692) (9,458,439) Total (91,411,543) (88,053,402) (91,348,107) |
Depreciation and Impairment of
Depreciation and Impairment of Assets | 12 Months Ended |
Dec. 31, 2022 | |
Depreciation amortization and impairment [abstract] | |
Depreciation and Impairment of Assets | NOTE 39. DEPRECIATION AND IMPAIRMENT OF ASSETS The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Depreciation of Property, Plant and Equipment (14,854,607) (16,406,604) (15,210,862) Amortization of Organization and Development Expenses (12,699,065) (11,815,977) (8,790,180) Depreciation of other intangible assets (353) (88) — Others (*) (323,120) (17,438) (356,749) Total (27,877,145) (28,240,107) (24,357,791) |
Other Operating Expenses
Other Operating Expenses | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other operating expenses [abstract] | |
Other Operating Expenses | NOTE 40. OTHER OPERATING EXPENSES The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Turnover Tax (75,867,764) (62,600,121) (46,052,443) Contributions to the Deposit Insurance Scheme (2,916,506) (3,138,808) (3,114,573) Charges for Other Provisions (4,342,446) (2,821,696) (8,434,943) Claims (6,046,837) (5,366,365) (3,727,345) Other Financial Expenses — — (840,915) Interest on leases (1,143,136) (1,033,047) (1,172,715) Credit-card-relates expenses (12,221,817) (11,744,206) (13,231,310) Other Expenses from Services (19,947,408) (17,225,968) (12,738,981) Others (3,013,488) (3,490,994) (3,173,807) Total (125,499,402) (107,421,205) (92,487,032) |
Income Tax_Deferred Tax
Income Tax/Deferred Tax | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Income Tax/Deferred Tax | NOTE 41. INCOME TAX/DEFERRED TAX The following is a reconciliation of income tax charged to income as of December 31, 2022, as compared to the previous fiscal year: 12.31.22 12.31.21 12.31.20 Income Before Income Tax for the Year 64,744,711 92,765,584 135,143,364 Current Tax Rate 35 % 35 % 30 % Income for the Year at Tax Rate (22,660,648) (32,467,954) (40,543,009) Permanent Differences at Tax Rate - Income for Equity Instruments (154,436) (88,053) (110,306) - Untaxed Income 27,817 394,805 490,752 - Donations and Other Non-deductible Expenses (26,035) (9,625) (94,140) - Other (1,285,749) 456,384 (8,825,272) - Inflation effect (81,230,045) (53,976,252) (37,129,079) -Tax adjustment — 864,186 2,044,808 - Tax inflation adjustment 88,263,267 52,792,778 8,512,034 - Tax inflation adjustment deferral — — 14,967,930 Total Income Tax Charge for the Year (17,065,829) (32,033,731) (60,686,282) 12.31.22 12.31.21 12.31.20 Current Income Tax (16,457,984) (25,257,891) (78,342,419) Deferred Tax Charge (*) 3,114,144 (8,307,425) 24,330,007 Update of the charge tax for inflation effects (3,269,376) (1,621,737) (8,645,757) Tax Return adjustment from previous fiscal year (452,613) 3,153,322 1,971,887 Total Income Tax Charge for the Year (17,065,829) (32,033,731) (60,686,282) (*) See Note 19. 12.31.22 12.31.21 12.31.20 Current Income Tax (16,457,984) (25,257,891) (78,342,419) Tax Advances 7,658,051 7,435,585 33,569,989 Current Income Tax Liabilities (8,799,933) (17,822,306) (44,772,430) Tax Inflation Adjustment • Law 27,430 introduced an amendment establishing that the subjects referred to in paragraphs a) to e) of Article 53 of the current Income Tax Act, for the purposes of determining the net taxable earnings, should deduct or incorporate the tax inflation adjustment to the tax income for the fiscal year being settled. Said adjustment would be applicable in the fiscal year where a variation percentage of the consumer price index is verified, greater than one hundred percent (100%), accumulated in the thirty-six (36) months prior to the closing of the fiscal year being settled. • The positive or negative inflation adjustment, as the case may be, to be calculated, would be charged as follows: for the first and second fiscal years commenced on or after January 1, 2019, one sixth (1/6) had to be charged in that fiscal year, and the remaining five sixths (5/6), in equal parts, in the following five (5) immediate fiscal years. Later, for fiscal years commencing on or after January 1, 2021, the inflation adjustment would be charged in full (100%), with no deferral at all. In this regard, the whole inflation adjustment calculated for this year has to be included in the current fiscal year. Tax rates On June 16, 2021, Law 27,630 was enacted establishing a new graduated income tax rate structure for capital companies, with three segments in relation to the level of accumulated taxable net earnings, to be applied for fiscal years commencing on or after January 1, 2021, this date included. The new tax rate in the framework of this treatment are: For the fiscal year beginning on 01.01.21 and ended 12.31.21: Accumulated taxable net earnings Over Ps. At Ps. Will pay Ps Plus % On the surplus of Ps. — 5,000 — 25 % — 5,000 50,000 1,250 30 % 5,000 50,000 Onwards 14,750 35 % 50,000 The amounts provided for above will be adjusted annually as of January 1, 2022, based on the annual variation of the CPI provided by INDEC, corresponding to the month of October of the year prior to the adjustment, with respect to the same month of the previous year. For the fiscal year beginning on 01.01.22 and ended 12.31.22: Accumulated taxable net earnings Over Ps. At Ps. Will pay Ps Plus % On the surplus of Ps. — 7,605 — 25 % — 7,605 76,049 1,901 30 % 7,605 76,049 Onwards 22,435 35 % 76,049 Dividend tax: it is established that dividends or profits distributed to individuals, undivided estates or foreign beneficiaries will be taxed at the rate of 7%. |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of dividend [abstract] | |
Dividends | NOTE 42. DIVIDENDS The Ordinary and Extraordinary Shareholders' Meeting held on April 26, 2022, approved the distribution of cash dividends in the amount of Ps.11,000,000 (equivalent to 18,460,678 at December 31, 2022), which represented Ps.7.46 (figure expressed in Argentine pesos) per share. On May 9, 2022, the aforementioned dividends were paid to the Company's shareholders. Additionally, at the same Shareholders´ Meeting, the distribution of cash dividends in the amount of Ps.8,000,000 (equivalent to Ps.13,425,946 at December 31, 2022) was approved, delegating to the Board of Directors the power to partially pay it twice in the months of September 2022 and January 2023. On September 12, 2022, the payment of Ps.4,000,000 was made (which is equivalent to Ps.6,712,973 at December 31, 2022). On January 9, 2023, the remaining payment of Ps.4,000,000 was made. The Ordinary and Extraordinary Shareholders’ Meeting held on April 27, 2021, approved the partial use of the Optional Reserve for Future Income Distribution for the amount of Ps.1,500,000 (equivalent to Ps.3,751,528 at December 31, 2022) and the distribution of cash dividends for the same amount, which represented Ps.1.02 (figure expressed in Argentine pesos) per share. On May 10, 2021, the aforementioned dividends were paid to the Company’s Shareholders. The Ordinary and Extraordinary Shareholders’ Meeting held on April 28, 2020, approved the Financial Statements as of December 31, 2019, and the treatment of income for the fiscal year ended on that date. That same Shareholders´Meeting approved the distribution of retained earnings, allocating Ps.4,000,000 (equivalent to Ps.14,633,971 at December 31, 2022) to Optional Reserve for Future Income Distribution. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Earnings Per Share | NOTE 43. EARNINGS PER SHARE Earnings per share are calculated by dividing income attributable to parent company´s owners by the weighted average number of outstanding ordinary shares during the year. As the Group does not have preferred shares or debt convertible into shares, basic earnings are equal to diluted earnings per share. 12.31.22 12.31.21 12.31.20 Net Income (Loss) for the Year Attributable to Parent Company´s Owners 48,639,400 60,569,787 74,008,952 Weighted Average Ordinary Shares 1,474,692 1,474,692 1,442,740 Earnings per Share 32.98 41.07 51.30 |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Segment Reporting | NOTE 44. SEGMENT REPORTING The Group determines segments based on management reports that are reviewed by the Board of Directors and updated as they show changes. Reportable segments are one or more operating segments with similar economic characteristics, distribution channels and regulatory environments. Below there is a description of each business segment’s composition: a. Bank: It represents the banking business operation results. b. Naranja X: This segment represents the results of operations of brand credit cards, consumer finance and digital banking services business. Includes the results of operations of Tarjetas Regionales S.A. consolidated with its subsidiaries, as follows: Cobranzas Regionales S.A., Naranja Digital Companía Financiera S.A.U. and Tarjeta Naranja S.A.U. At the end of the previous financial year, it incorporated the results of Ondara S.A., liquidated in the current financial year. c. Insurance: This segment represents the results of operations of the insurance companies’ business and includes the results of operations of Sudamericana Holding S.A. consolidated with its subsidiaries, as follows: Galicia Retiro Cía. de Seguros S.A.U., Galicia Seguros S.A.U., Galicia Broker Asesores de Seguros S.A. and Well Assistance S.A.U. d. Other Businesses: This segment shows the results of operations of Galicia Asset Management S.A.U., Galicia Warrants S.A., Galicia Securities S.A.U., Agri Tech Investments LLC, Agri Tech Investments Argentina S.A.U., IGAM LLC, Inviu S.A.U., INVIU Uruguay Agente de Valores S.A., and Grupo Financiero Galicia S.A., the last net of eliminations of the income from equity investments. e. Adjustments: This segment includes consolidation adjustments and eliminations of transactions among subsidiaries. See Note 51.5. The operating income (loss) of the Group’s different operating segments is monitored separately in order to make decisions on resource allocation and the evaluation of each segment’s performance. Segment performance is evaluated based on operating income or losses and is consistently measured with the operating income and losses of the consolidated income statement. Intersegment transactions are at arm’s length similarly to transactions performed with third parties. Income, expenses and income (losses) resulting from the transfers among operating segments are then eliminated from consolidation. On July 26, 2021, INVIU Uruguay Agente de Valores S.A. was authorized by the Central Bank of Uruguay to operate as a Securities Agent, in order to provide financial advice to foreign customers. At the closing of the fiscal year 2021, the volume of operations reached by said Company was not significant. The relevant segment reporting as of the indicated dates is as follows: Bank Naranja X Insurance Other Adjustments Total as of Net Income from interest 77,217,698 67,341,708 9,582,116 473,747 (2,098,935) 152,516,334 Net fee Income 64,348,211 56,303,837 — 23,379 (2,974,406) 117,701,021 Net Income from Financial Instruments measured at fair value through Profit or Loss 320,365,311 13,376,342 (6,470,206) 8,581,893 2,258,171 338,111,511 Income from Derecognition of Assets Measured at Amortized Cost 614,077 (16,642) — — — 597,435 Exchange rate Differences on Gold and Foreign Currency 19,363,536 (130,717) 4,521 900,475 — 20,137,815 Other Operating Income 67,900,087 11,494,726 879,687 13,526,033 (2,963,883) 90,836,650 Income from Insurance Business — — 8,575,976 — 5,114,755 13,690,731 Expected credit loss allowance (35,373,248) (17,079,742) 1,203 — — (52,451,787) Personnel Expenses (66,842,428) (24,427,682) (3,703,821) (1,917,526) — (96,891,457) Administrative Expenses (65,078,187) (22,386,291) (1,681,451) (2,590,818) 325,204 (91,411,543) Depreciation and Impairment of Assets (22,206,029) (5,014,980) (550,612) (102,077) (3,447) (27,877,145) Other Operating Expenses (89,825,365) (33,880,026) (11,356) (1,789,751) 7,096 (125,499,402) Loss on net monetary position (222,222,883) (41,603,949) (1,947,758) (7,601,993) — (273,376,583) Operating Income 48,260,780 3,976,584 4,678,299 9,503,362 (335,445) 66,083,580 Share of profit from Associates and Joint Ventures (441,246) — — — — (441,246) Income before Taxes from Continuing Operations 47,819,534 3,976,584 4,678,299 9,503,362 (335,445) 65,642,334 Income Tax from Continuing Operations (6,287,871) (1,955,092) (2,185,788) (6,574,174) — (17,002,925) Net Income from Continuing Operations 41,531,663 2,021,492 2,492,511 2,929,188 (335,445) 48,639,409 Net Income for the Year 41,531,663 2,021,492 2,492,511 2,929,188 (335,445) 48,639,409 Other Comprehensive Income (Loss) (1,129,111) (14) (18,262) 186,860 — (960,527) Net Income (Loss) for the Year Attributable to Parent Company´s Owners 40,402,552 2,021,478 2,474,240 3,116,048 (335,445) 47,678,873 Net Income for the Year Attributable to Non-controlling Interests — — 9 — — 9 Bank Naranja X Insurance Other Adjustments Total as of Net Income from interest 134,147,290 72,919,342 4,542,351 154,298 1,101,914 212,865,195 Net fee Income 62,091,897 53,983,140 — (52,363) (3,452,512) 112,570,162 Net Income from Financial Instruments measured at fair value through Profit or Loss 186,145,997 815,017 (2,943,615) 2,884,160 (660,119) 186,241,440 Income from Derecognition of Assets Measured at Amortized Cost 31,819 382 — — — 32,201 Exchange rate Differences on Gold and Foreign Currency 7,195,089 284,507 76,232 1,199,578 — 8,755,406 Other Operating Income 51,687,042 11,570,020 737,331 8,899,413 (3,087,267) 69,806,539 Income from Insurance Business — — 8,279,285 — 6,037,909 14,317,194 Expected credit loss allowance (28,229,237) (14,520,749) (7,828) — — (42,757,814) Personnel Expenses (60,724,618) (24,214,647) (3,145,466) (2,385,542) — (90,470,273) Administrative Expenses (63,474,529) (21,231,947) (1,584,629) (2,036,038) 273,741 (88,053,402) Depreciation and Impairment of Assets (21,081,120) (6,374,480) (707,876) (76,631) — (28,240,107) Other Operating Expenses (79,019,545) (27,465,831) (26,770) (923,326) 14,267 (107,421,205) Loss on net monetary position (125,152,602) (25,336,625) (1,287,760) (3,087,345) — (154,864,332) Operating Income 63,617,483 20,428,129 3,931,255 4,576,204 227,933 92,781,004 Share of profit from Associates and Joint Ventures (251,579) — — — — (251,579) Income before Taxes from Continuing Operations 63,365,904 20,428,129 3,931,255 4,576,204 227,933 92,529,425 Income Tax from Continuing Operations (19,135,666) (8,306,040) (1,622,019) (2,895,913) — (31,959,638) Net Income from Continuing Operations 44,230,238 12,122,089 2,309,236 1,680,291 227,933 60,569,787 Net Income for the Year 44,230,238 12,122,089 2,309,236 1,680,291 227,933 60,569,787 Other Comprehensive Income (Loss) 146,510 (617) 23,952 (7,778) — 162,066 Net Income (Loss) for the Year Attributable to Parent Company´s Owners 44,376,748 12,121,472 2,333,188 1,672,513 227,933 60,731,853 Net Income for the Year Attributable to Non-controlling Interests — — — — — — Bank Naranja X Insurance Other Adjustments Total as of Net Income from interest 172,977,393 49,759,850 2,137,231 20,129 665,867 225,560,470 Net fee Income 61,685,485 48,769,483 — (17,967) (3,192,339) 107,244,662 Net Income from Financial Instruments measured at fair value through Profit or Loss 194,015,596 5,848,243 167,594 3,763,048 (2,658) 203,791,823 Income from Derecognition of Assets Measured at Amortized Cost (9,199) — — — — (9,199) Exchange rate Differences on Gold and Foreign Currency 17,714,259 1,088,830 (80,419) 1,998,517 — 20,721,187 Other Operating Income 50,491,573 10,216,311 1,483,807 6,951,307 (3,509,103) 65,633,895 Income from Insurance Business — — 9,954,815 — 5,896,993 15,851,808 Expected credit loss allowance (87,440,130) (13,108,705) 49,061 — — (100,499,774) Personnel Expenses (64,949,104) (23,756,984) (3,579,919) (1,287,431) — (93,573,438) Administrative Expenses (63,690,811) (24,265,919) (1,605,789) (2,141,363) 355,775 (91,348,107) Depreciation and Impairment of Assets (17,984,720) (5,492,860) (795,035) (85,176) — (24,357,791) Other Operating Expenses (70,108,870) (21,645,233) (12,811) (762,631) 42,513 (92,487,032) Loss on net monetary position (79,867,845) (15,969,453) (1,961,414) (2,236,251) — (100,034,963) Operating Income 112,833,627 11,443,563 5,757,121 6,202,182 257,048 136,493,541 Share of profit from Associates and Joint Ventures (367,686) — — — — (367,686) Income before Taxes from Continuing Operations 112,465,941 11,443,563 5,757,121 6,202,182 257,048 136,125,855 Income Tax from Continuing Operations (51,396,958) (5,094,483) (1,941,735) (2,680,791) — (61,113,967) Net Income from Continuing Operations 61,068,983 6,349,080 3,815,386 3,521,391 257,048 75,011,888 Net Income for the Year 61,068,983 6,349,080 3,815,386 3,521,391 257,048 75,011,888 Other Comprehensive Income (Loss) (608,095) 617 52,204 467 — (554,806) Net Income (Loss) for the Year Attributable to Parent Company´s Owners 60,460,888 5,346,731 3,867,620 3,521,858 257,048 73,454,146 Net Income for the Year Attributable to Non-controlling Interests — 1,002,966 (30) — — 1,002,936 Bank Naranja X Insurance Other Adjustments Total as of ASSETS Cash and Due from Banks 434,234,303 6,628,132 12,878 11,717,757 (5,048,868) 447,544,202 Debt Securities at fair value through profit or loss 791,605,630 200,660 116,439 4,405,498 (4,057,904) 792,270,323 Derivative Financial Instruments 3,327,165 1,241,792 — — (1,241,177) 3,327,780 Repurchase Transactions 104,710,279 21,730,144 — — (10,916,515) 115,523,908 Other Financial Assets 43,503,828 1,325,042 1,052,423 9,741,741 (51,720) 55,571,314 Loans and Other Financing 947,521,428 328,475,283 5,599 3,067,744 (35,453,589) 1,243,616,465 Other Debt Securities 350,400,776 7,429,208 6,101,116 3,106,494 (362,621) 366,674,973 Financial Assets Pledged as Collateral 100,091,787 51,064,021 — 946,925 — 152,102,733 Current Income Tax Assets — — 368,398 41,850 — 410,248 Investments in Equity Instruments 2,239,032 — — 7 — 2,239,039 Equity Investments in Associates and Joint Ventures 666,769 — — — — 666,769 Property, Plant and Equipment 103,694,179 12,010,385 414,097 145,466 (443,139) 115,820,988 Intangible Assets 34,525,100 3,304,352 73,620 609,947 — 38,513,019 Deferred Income Tax Assets — 6,240,321 411,870 599,521 — 7,251,712 Assets for Insurance Contracts — — 4,932,269 — — 4,932,269 Other Non-financial Assets 15,007,332 6,280,556 191,377 3,691,309 — 25,170,574 Non-current Assets Held for Sale 1,251 — — — — 1,251 TOTAL ASSETS 2,931,528,859 445,929,896 13,680,086 38,074,259 (57,575,533) 3,371,637,567 LIABILITIES Deposits 2,122,305,946 26,973,322 — 51,462 (7,352,996) 2,141,977,734 Liabilities at Fair Value Through Profit or Loss 78,223 — — — — 78,223 Derivative Financial Instruments 2,935,291 — — — (1,241,177) 1,694,114 Repurchase Transactions — 10,916,515 — — (10,916,515) — Other Financial Liabilities 151,765,261 187,394,521 — 9,694,457 (74,970) 348,779,269 Financing Received from the Argentine Central Bank and Other Financial Institutions 10,488,009 60,018,558 — — (33,068,323) 37,438,244 Debt Securities 12,382,571 59,341,281 — — (4,420,525) 67,303,327 Current Income Tax Liabilities 3,121,865 1,163,753 1,266,801 3,247,514 — 8,799,933 Subordinated Debt Securities 45,405,004 — — — — 45,405,004 Provisions 9,829,772 170,515 199,606 55,130 — 10,255,023 Deferred Income Tax Liabilities 5,244,791 — 124,658 996,944 — 6,366,393 Liabilities for Insurance Contracts — — 5,114,252 — (4,332) 5,109,920 Other Non-financial Liabilities 67,238,020 13,669,425 1,737,302 6,961,634 (53,556) 89,552,825 TOTAL LIABILITIES 2,430,794,753 359,647,890 8,442,619 21,007,141 (57,132,394) 2,762,760,009 Bank Naranja X Insurance Other Adjustments Total as of ASSETS Cash and Due from Banks 451,386,804 10,643,164 104,273 8,714,984 (8,357,923) 462,491,302 Debt Securities at fair value through profit or loss 460,271,635 405,707 72,027 57,286 (1,217,662) 459,588,993 Derivative Financial Instruments 3,089,342 — — — (660,119) 2,429,223 Repurchase Transactions 395,752,551 77,826 — — — 395,830,377 Other Financial Assets 34,736,204 4,809,344 847,035 5,134,335 — 45,526,918 Loans and Other Financing 1,121,202,076 341,958,707 14,421 4,972,885 (18,041,984) 1,450,106,105 Other Debt Securities 179,668,043 5,867 4,371,739 — (244,647) 183,801,002 Financial Assets Pledged as Collateral 68,035,220 32,266 — 569,193 — 68,636,679 Current Income Tax Assets — — 121,500 27,285 — 148,785 Investments in Equity Instruments 2,438,670 — — 12 — 2,438,682 Equity Investments in Associates and Joint Ventures 329,876 — — — — 329,876 Property, Plant and Equipment 106,905,247 12,297,578 1,767,674 183,120 — 121,153,619 Intangible Assets 37,091,193 4,059,603 97,071 109,532 — 41,357,399 Deferred Income Tax Assets — 6,850,041 756,908 742,656 — 8,349,605 Assets for Insurance Contracts — — 6,267,504 — — 6,267,504 Other Non-financial Assets 12,387,987 3,978,994 190,923 3,698,224 — 20,256,128 Non-current Assets Held for Sale 1,280 — — — — 1,280 TOTAL ASSETS 2,873,296,128 385,119,097 14,611,075 24,209,512 (28,522,335) 3,268,713,477 LIABILITIES Deposits 2,027,157,625 52,678 — — (9,335,744) 2,017,874,559 Liabilities at Fair Value Through Profit or Loss — — — 147,408 — 147,408 Derivative Financial Instruments 1,387,179 660,119 — — (660,119) 1,387,179 Repurchase transactions 631,362 — — — — 631,362 Other Financial Liabilities 185,122,472 187,534,417 — 8,773,886 (199,199) 381,231,576 Financing Received from the Argentine Central Bank and Other Financial Institutions 17,433,425 45,561,413 — — (16,808,004) 46,186,834 Debt Securities 14,310,368 41,639,053 — — (1,462,309) 54,487,112 Current Income Tax Liabilities 10,101,341 6,776,142 417,111 1,520,125 — 18,814,719 Subordinated Debt Securities 51,182,953 — — — — 51,182,953 Provisions 7,862,874 318,602 302,498 51,082 — 8,535,056 Deferred Income Tax Liabilities 9,337,606 — 497,718 743,106 — 10,578,430 Liabilities for Insurance Contracts — — 6,216,852 — (1,724) 6,215,128 Other Non-financial Liabilities 58,548,495 15,291,982 1,855,619 2,715,009 (55,236) 78,355,869 TOTAL LIABILITIES 2,383,075,700 297,834,406 9,289,798 13,950,616 (28,522,335) 2,675,628,185 The information by geographic segments as of the indicated dates is presented below: Argentina Uruguay Adjustments Total as of Net Income from interest 154,615,269 — (2,098,935) 152,516,334 Net fee Income 120,714,919 (39,492) (2,974,406) 117,701,021 Net Income from Financial Instruments measured at fair value through Profit or Loss 335,808,800 44,540 2,258,171 338,111,511 Income from Derecognition of Assets Measured at Amortized Cost 597,435 — — 597,435 Exchange rate Differences on Gold and Foreign Currency 20,129,855 7,960 — 20,137,815 Other Operating Income 93,780,646 19,887 (2,963,883) 90,836,650 Income from Insurance Business 8,575,976 — 5,114,755 13,690,731 Expected credit loss allowance (52,451,787) — — (52,451,787) Personnel Expenses (96,820,929) (70,528) — (96,891,457) Administrative Expenses (91,582,940) (153,807) 325,204 (91,411,543) Depreciation and Impairment of Assets (27,872,932) (766) (3,447) (27,877,145) Other Operating Expenses (125,506,114) (384) 7,096 (125,499,402) Loss on net monetary position (273,304,845) (71,738) — (273,376,583) Operating Income 66,683,353 (264,328) (335,445) 66,083,580 Share of profit from Associates and Joint Ventures (441,246) — — (441,246) Income before Taxes from Continuing Operations 66,242,107 (264,328) (335,445) 65,642,334 Income Tax from Continuing Operations (17,002,925) — — (17,002,925) Net Income from Continuing Operations 49,239,182 (264,328) (335,445) 48,639,409 Net Income for the Year 49,239,182 (264,328) (335,445) 48,639,409 Other Comprehensive Income (Loss) (960,527) — — (960,527) Net Income (Loss) for the Year Attributable to Parent Company´s Owners 48,278,646 (264,328) (335,445) 47,678,873 Net Income for the Year Attributable to Non-controlling Interests 9 — — 9 Argentina Uruguay Adjustments Total as of ASSETS Cash and Due from Banks 448,863,724 3,729,346 (5,048,868) 447,544,202 Debt Securities at fair value through profit or loss 795,991,779 336,448 (4,057,904) 792,270,323 Derivative Financial Instruments 4,568,957 — (1,241,177) 3,327,780 Repurchase Transactions 126,440,423 — (10,916,515) 115,523,908 Other Financial Assets 55,623,034 — (51,720) 55,571,314 Loans and Other Financing 1,279,069,937 117 (35,453,589) 1,243,616,465 Other Debt Securities 367,037,594 — (362,621) 366,674,973 Financial Assets Pledged as Collateral 151,925,489 177,244 — 152,102,733 Current Income Tax Assets 410,248 — — 410,248 Investments in Equity Instruments 2,239,039 — — 2,239,039 Equity Investments in Associates and Joint Ventures 666,769 — — 666,769 Property, Plant and Equipment 116,262,135 1,992 (443,139) 115,820,988 Intangible Assets 38,512,401 618 — 38,513,019 Deferred Income Tax Assets 7,251,712 — — 7,251,712 Assets for Insurance Contracts 4,932,269 — — 4,932,269 Other Non-financial Assets 25,169,334 1,240 — 25,170,574 Non-current Assets Held for Sale 1,251 — — 1,251 TOTAL ASSETS 3,424,966,095 4,247,005 (57,575,533) 3,371,637,567 LIABILITIES Deposits 2,149,330,730 — (7,352,996) 2,141,977,734 Liabilities at Fair Value Through Profit or Loss 78,223 — — 78,223 Derivative Financial Instruments 2,935,291 — (1,241,177) 1,694,114 Repurchase Transactions 10,916,515 — (10,916,515) — Other Financial Liabilities 345,024,725 3,829,514 (74,970) 348,779,269 Financing Received from the Argentine Central Bank and Other Financial Institutions 70,506,567 — (33,068,323) 37,438,244 Debt Securities 71,723,852 — (4,420,525) 67,303,327 Current Income Tax Liabilities 8,799,933 — — 8,799,933 Subordinated Debt Securities 45,405,004 — — 45,405,004 Provisions 10,255,023 — — 10,255,023 Deferred Income Tax Liabilities 6,366,393 — — 6,366,393 Liabilities for Insurance Contracts 5,114,252 — (4,332) 5,109,920 Other Non-financial Liabilities 89,278,236 328,145 (53,556) 89,552,825 TOTAL LIABILITIES 2,815,734,744 4,157,659 (57,132,394) 2,762,760,009 |
Capital Management and Risk Pol
Capital Management and Risk Policies | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [abstract] | |
Capital Management and Risk Policies | NOTE 45. CAPITAL MANAGEMENT AND RISK POLICIES The tasks related to risk information and internal control of each of the companies controlled by Grupo Financiero Galicia are defined and carried out rigorously by each of them. Corporate risk management is monitored by the Audit Committee, which as well gathers and analyzes the information submitted by the main controlled companies. As concerns risks, Banco Galicia embraces a policy that takes into consideration several aspects of the business and operations, abiding by the main guidelines of internationally accepted standards. The specific function of the integral management of risks faced by Banco Galicia has been assigned to the Risk Area Management, ensuring its independence from the rest of the business areas by depending directly on the Bank’s General Management. Likewise, in order to have timely information and an agile and efficient structure that allows responding and adapting to the prevailing macro and microeconomic variables, the functions of granting and recovering credits, both for companies and individuals, are in charge of managements directly reporting to the Area, thus seeking greater efficiency in decision-making. Additionally, the control and prevention of the risks of money laundering, terrorist financing, and other illicit activities, are in charge of the Prevention of Money Laundering Management, reporting to the Board of Directors, thus ensuring the Board of Directors is fully knowledgeable of the risks the Bank is exposed to, being in charge of designing and proposing the required policies and procedures for their identification, evaluation, follow-up, control, and mitigation. The Risk Appetite framework has been specified as the risk level that would eventually be assumed in order to meet the business objectives. This specified Risk Appetite framework counts on different levels of risk acceptance, both in individual and consolidated terms. The Risk Appetite monitors, through a series of metrics and associated thresholds, the main risks assumed by the Bank, and divides them into the following dimensions: (i) Capital Risk (or Solvency); (ii) Financial Risk; (iii) Credit Risk; (iv) Operational Risk; (v) Cybersecurity. It should be noted that the last two dimensions also include monitoring the Reputational and Technological Risks. Additionally, the Risks Area Management monitors the risk appetite set up, and conducts prospective analysis of the risk levels, aligning the management to the strategy and the business plan defined by the Board of Directors. It also promotes corporate policies aimed at mitigating verified (or potential) deviations from the accepted risk levels. Capital Management The Company’s goals are to generate returns to its shareholders, benefits to other groups of interest and keep the best capital structure. The latter will be given by the needs for investment in subsidiaries and new ventures, keeping the expected profitability levels and complying with the liquidity and solvency goals set. Banco Galicia’s subsidiary determines the minimum capital requirement for each risk, in accordance with Argentine Central Bank regulations. The capital risk management is cross-sectional with respect to the other risks. Senior management is responsible for monitoring, overseeing, adjusting and ensuring compliance with its stated goals concerning capital management. The Capital Adequacy Assessment Process ( Proceso de Evaluación de Suficiencia de Capital —PESC) (reflected in the Capital Adequacy Report—IAC, as per its acronym in Spanish) enables to assess the relationship between own resources available and necessary resources to maintain an appropriate risk profile. This process also allows for the identification of both the economic capital needs and the sources to meet such needs. To perform stress tests, four scenarios with different likelihood of occurrence are defined, which could affect the solvency and liquidity. The most likely to occur scenarios are used in management stress testing and are referred to when defining Risk Appetite thresholds. The least-likely to occur or least-severe scenarios are used in developing the Recovery Plan, which specifies the protocol defined for situations or events that may compromise the Bank’s operational capacity. As of December 31, 2022, and December 31, 2021, Banco Galicia complied with the minimum capital requirement established by the Argentine Central Bank regulations. The balances of these items for Banco Galicia are detailed below, in accordance with the regulations and the currency in force each year. Computable Regulatory Capital (RPC, as per the initials in Spanish) is made up of Core Capital and Supplementary Capital. Banco Galicia’s balance for such items as of December 31, 2022, and December 31, 2021, is as follows: 12.31.22 12.31.21 Basic Shareholders’ Equity 505,589,433 257,700,315 (Deductible Items) (63,094,866) (35,563,896) Equity Tier 1 442,494,567 222,136,419 Complementing shareholders’ Equity 36,138,983 29,006,025 Equity Tier 2 36,138,983 29,006,025 Regulatory Capital (RPC) 478,633,550 251,142,444 The breakdown of the minimum capital requirement determined for the Group is shown below: 12.31.22 12.31.21 Credit Risk 109,407,718 63,920,141 Market Risk 6,642,210 1,133,654 Operational Risk 36,743,804 20,190,530 Minimum Capital Requirement 152,793,732 85,244,325 Integration 478,633,550 251,142,444 Excess 325,839,818 165,898,119 Financial Risks Financial risk is a phenomenon inherent to the financial brokerage activity. The exposure to the different financial risk factors is a natural circumstance that cannot be completely avoided without affecting the Group’s long-term economic viability. However, the lack of management regarding risk exposures is one of the most significant short-term threats. Risk factors need to be identified and managed within a specific policy framework that envisages the profile and the level of risk it has been decided to take to achieve long-term strategic goals. Market Risk The “price risk” is the possibility of incurring losses as a consequence of the variation of the market price of financial assets whose value is subject to negotiation. Financial assets subject to “trading” or allocated to “own positions” will be government and private debt securities, shares, currencies, derivatives and debt instruments issued by the Argentine Central Bank. Brokerage/trading transactions that are allowed and regulated by the Policy are as follows: • Brokerage of Government and Provincial Securities. • Brokerage of Currencies on the Spot and Futures Markets • Brokerage of Interest Rate Derivatives. Interest Rate Futures and Interest Rate Swaps. • Brokerage of Debt Instruments Issued by the Argentine Central Bank. • Brokerage of Third-party Debt securities. • Brokerage of Shares. For the fiscal year 2022, a unified limit was set for all operations of Ps.13,017,000. The “price risk” (market) is daily managed according to the strategy approved, the purpose of which is to keep the Group present in the different currencies, variable- and fixed-income and derivatives markets, while obtaining the maximum return as possible on brokerage, without exposing the latter to excessive risk levels. Finally, the designed policy contributes to providing transparency and facilitates the perception of the risk levels to which it is exposed. In order to measure and monitor risks derived from the variation in the price of financial instruments that form the trading or brokerage securities portfolio, a model known as “Value at Risk” (also known as “VaR”) is used. This model determines the possible loss that could be generated by different financial instruments at each time under the following critical parameters. Currency Risk The composition of Assets and Liabilities in domestic currency and foreign currency exposes the Bank’s financial position to the so-called “Currency Risk”, as a consequence of market fluctuations in the prices of the different currencies in which Assets and Liabilities are nominated. The Group’s exposure to the foreign exchange risk as of year-end by type of currency is shown below: Balances as of 12.31.22 Currency Monetary Monetary Derivatives Net Position US Dollar 563,733 (465,334) (22,858) 75,541 Euro 5,758 (2,247) — 3,511 Canadian Dollar 60 (12) — 48 Real 70 — — 70 Swiss Franc 80 (53) — 27 Others 203 (112) — 91 Total 569,904 (467,758) (22,858) 79,288 Balances as of 12.31.21 Currency Monetary Monetary Derivatives Net Position US Dollar 488,662 (484,868) (2,515) 1,279 Euro 5,733 (1,214) — 4,519 Canadian Dollar 62 (8) — 54 Real 76 — — 76 Swiss Franc 173 (62) — 111 Others 166 (27) — 139 Total 494,872 (486,179) (2,515) 6,178 Balances as of 12.31.22 Balances as of 12.31.21 Currency Change Income Shareholders’ Income Shareholders’ US Dollar 10 % 7,554 83,095 128 1,407 -10 % (7,554) 67,987 (128) 1,151 Euro 10 % 351 3,862 452 4,971 -10 % (351) 3,160 (452) 4,067 Canadian Dollar 10 % 5 53 5 59 -10 % (5) 43 (5) 49 Real 10 % 7 77 8 84 -10 % (7) 63 (8) 68 Swiss Franc 10 % 3 30 11 122 -10 % (3) 24 (11) 100 Others 10 % 9 100 14 153 -10 % (9) 82 (14) 125 Interest Rate Risk The different sensitivity of assets and liabilities to changes in “market interest rates” exposes the Group to the “interest rate risk”. It is the risk that the financial margin and the economic value of equity may vary as a consequence of fluctuations in market interest rates. The magnitude of such variation is associated with the sensitivity to interest rates of the structure of the Group’s assets and liabilities. This risk factor (the change in interest rates) has an impact on two key variables: the “Net Financial Income (Expense)” and the “Present Value of Shareholders’ Equity”. These methodologies imply a “short-term” approach (RFN), for which a “base case scenario” is submitted to a 400 basis points “interest rates” shock for Argentine pesos, and 200 basis points for Dollars and CER/UVA, and the variation of the Net Financial Income is estimated and compared with the limits assigned to said changes in the variables subject to control. For “long-term approach” (VP), statistical simulations of interest rates are performed, and a “critical” scenario is obtained, arising from the exposure to the interest rate risk presented by the balance sheet structure. The economic capital is obtained from the difference resulting from the “critical” scenario and the balance sheet market value, within a 99.5% confidence interval. The Group’s exposure to the interest rate risk is detailed below. This table shows the residual value of assets and liabilities, classified by the sooner of the interest renegotiation date or the maturity date. Term (in Days) Assets and Liabilities at Variable Rate Up to 30 From 30 to 90 From 90 to From 180 to More than Total As of 12.31.22 Total Financial Assets 1,564,252,720 222,116,924 182,093,779 174,281,923 859,624,928 3,002,370,274 Total Financial Liabilities 1,798,114,983 141,984,868 77,437,893 33,176,025 583,504,155 2,634,217,924 Net Amount (233,862,263) 80,132,056 104,655,886 141,105,898 276,120,773 368,152,350 As of 12.31.21 Total Financial Assets 1,218,248,178 227,522,500 207,081,498 301,340,191 1,021,168,289 2,975,360,656 Total Financial Liabilities 1,594,006,099 187,902,631 74,947,553 47,271,067 668,187,409 2,572,314,759 Net Amount (375,757,921) 39,619,869 132,133,945 254,069,124 352,980,880 403,045,897 The table below shows the sensitivity to potential additional changes in interest rates in the next fiscal year, considering the breakdown as of December 31, 2022. The percentage change budgeted by the Group for fiscal year 2022 was determined considering 100 bps and changes are considered reasonably possible on the basis on an observation of market conditions. Additional Increase/(Decrease) Increase/(Decrease) Decrease in Interest Rate -100 bp (490,165) (0.1) % Increase in Interest Rate 100 bp 490,165 0.1 % Liquidity Risk It contemplates the risk that the Group is unable to offset or liquidate a position at market value because: • the assets that are part thereof do not have a sufficient secondary market; or • market changes. In measuring and daily following up the “stock liquidity” an internal model is used, which contemplates the characteristics of behavior of the Group’s main funding sources. Based on the Group’s experience in connection with the changes in deposits and other liabilities, this model determines the “liquidity requirements” applied to liabilities subject to the policy and give rise to the “Management Liquidity Requirement”. In determining these liquid resources, the remaining term of liabilities is also contemplated, as well as the currency in which they are denominated. The resulting liquidity requirement is allocated to “eligible assets” set by the policy. The management liquidity requirement, along with the legal minimum cash requirements, are part of the total liquidity available. Daily liquidity management is supplemented by the estimated available funds or needs for the day, considering the opening balance of Argentine Central Bank’s account, deducting the daily minimum requirement, and including the main movements for the day. The latter results in the overestimated/underestimated balance that will be considered by operators in order to place funds or meet the financing needs. The monthly liquidity follow-up and control from the “flow” standpoint, called “liquidity mismatch/liquidity gap”, are performed by estimating the accumulated mismatches within the first year as a percentage of total liabilities. The gap methodology used (contractual gaps) is consistent with the best international practices in the field. In addition, the concentration of deposits is followed up and measured. In order to mitigate this risk factor, the policy designed restricts the involvement of two groups of customers to the total deposits: the first 10 customers and second 50 customers. The table below shows an analysis of maturities of assets and liabilities, determined based on the remaining period as of December 31, 2022, and December 31, 2021, based on undiscounted cash flows: Less than 1 1 to 6 Months 6 to 12 12 Months to More than 5 Total as of Assets Debt Securities measured at Fair Value through Profit or Loss 1,014,064,047 1,114,527 1,313,225 5,516,817 — 1,022,008,616 Derivative Financial Instruments 3,327,780 — — — — 3,327,780 Repurchase Transactions 119,021,390 — — — — 119,021,390 Other Financial Assets 45,835,239 406,230 492,319 6,751,750 6,907,439 60,392,977 Loans and Other Financing 572,812,215 533,673,648 228,700,321 196,987,889 130,918,430 1,663,092,503 Other Debt Securities 367,461,993 642,649 927,063 2,624,321 — 371,656,026 Financial Assets Pledged as Collateral 152,102,733 — — — — 152,102,733 Investments in Equity Instruments 2,239,039 — — — — 2,239,039 Liabilities Deposits 2,093,575,083 97,575,203 6,076,398 115,785 18 2,197,342,487 Liabilities at fair value through profit or loss 78,223 — — — — 78,223 Derivative Financial Instruments 1,694,114 — — — — 1,694,114 Other Financial Liabilities 239,554,117 101,045,209 370,307 2,605,966 917,819 344,493,418 Lease liabilities 229,377 716,603 890,882 3,233,811 1,725,391 6,796,064 Financing Received from the Argentine Central Bank and Other Financial Institutions 8,669,292 20,461,200 18,339,685 1,906,501 — 49,376,678 Debt Securities 8,357,182 38,668,400 24,315,628 28,427,101 — 99,768,311 Subordinated Debt Securities 1,721,348 — 1,721,348 54,145,714 — 57,588,410 Less than 1 1 to 6 6 to 12 12 Months More than Total as of Assets Debt Securities measured at Fair Value through Profit or Loss 459,158,409 562,960 1,141,167 1,795,216 — 462,657,752 Derivative Financial Instruments 2,429,223 — — — — 2,429,223 Repurchase Transactions 401,893,669 — — — — 401,893,669 Other Financial Assets 28,902,509 239,689 290,485 6,710,386 — 36,143,069 Loans and Other Financing 535,304,629 544,921,482 351,054,269 226,381,525 72,794,906 1,730,456,811 Other Debt Securities 190,132,678 592,931 446,943 1,411,804 — 192,584,356 Financial Assets Pledged as Collateral 68,636,679 — — — — 68,636,679 Investments in Equity Instruments 7,028,660 — — — — 7,028,660 Liabilities Deposits 1,911,054,137 124,684,660 5,988,451 219,481 43 2,041,946,772 Liabilities measured at Fair Value trough Profti or Loss 147,408 — — — — 147,408 Derivative Financial Instruments 1,387,179 — — — — 1,387,179 Repurchase transactions 631,362 — — — — 631,362 Other Financial Liabilities 254,688,554 117,499,174 346,675 51,455 9802 372,595,660 Lease Liabilities 222,781 1,110,498 1,254,803 7,343,487 1,188,196 11,119,765 Financing Received from the Argentine Central Bank and Other Financial Institutions 10,129,288 9,005,852 30,998,853 7,751,230 — 57,885,223 Debt Securities 2,958,930 29,667,331 18,480,066 12,457,369 — 63,563,696 Subordinated Debt Securities 1,940,226 — 1,940,226 64,911,070 — 68,791,522 Credit Risk Credit risk arises from the possibility of suffering losses due to a debtor’s or counterparty’s noncompliance with its contractual obligations. It is the one that requires the greatest need for capital, including that arising from the risk of individual and sectorial concentration, which represents supplementary approximations to the intrinsic credit risk. Accordingly, the Group uses credit assessment and risk monitoring tools that allow the entity to manage risks in a streamlined and controlled manner and that foster the adequate diversification of portfolios, both on an individual basis and by economic sector, thus controlling its exposure to potential risks. The credit quality of debt securities as of December 31, 2022, is as follows: Government Securities Rating Government Provincial Autonomous Treasury Argentine Foreign government bonds Private Total as of AAA — — — — — 2,563,265 121,962 2,685,227 AA+ — — 39,560 — — — — 39,560 AA — 77,887 — — — — 385,787 463,674 AA- — — — — — — 121,920 121,920 A+ — — — — — — 8,021 8,021 A1 — — — — — — 27,708 27,708 A — — — — — — 82,173 82,173 A2 — — — — — — 363,054 363,054 A- — — — — — — 40,443 40,443 BBB — 700,578 — — — — 41,866 742,444 BBB.ar — — — — — — 21 21 B1 — 255,500 — — — — — 255,500 B — 1,425,757 — — — — — 1,425,757 BB- — — — — — — 43,745 43,745 CCC 10,212,442 — — 55,580,913 — — — 65,793,355 C — — — — 720,162,015 — 15,706 720,177,721 Total 10,212,442 2,459,722 39,560 55,580,913 720,162,015 2,563,265 1,252,406 792,270,323 The credit quality of debt securities as of December 31, 2021, is as follows: Government Securities Rating Government Provincial Autonomous Treasury Argentine Foreign government bonds Private Total as of AAA 18,798,087 — 72 76,066,303 — — 1,188,114 96,052,576 AA+ — — 102,938 — — — 1,597,485 1,700,423 AA 10,942 — — 61,085 — — 21,217 93,244 AA- — — — — — — 3,161 3,161 A+ — — — — — — 16,820 16,820 A1 — — — — — — 75,886 75,886 A1+ — — 2,466,371 — — — 995,099 3,461,470 A — — — — — — 715,736 715,736 A2 — 476,567 — — — — 2,560 479,127 A- — — — — — — 76,156 76,156 A3 — 1,227,222 — — — — — 1,227,222 Baa1 — — 184,726 — — — — 184,726 Baa3 — — — — — — 66,923 66,923 B1 — 279,082 — — — — — 279,082 B — 132,512 — — — — — 132,512 BB- — — — — — — 3,647 3,647 BBB- — 1,250,269 — — — — — 1,250,269 CCC 49,705 — — — — — — 49,705 C — — — — 353,680,977 — 39,331 353,720,308 Total 18,858,734 3,365,652 2,754,107 76,127,388 353,680,977 — 4,802,135 459,588,993 Summary of credit risk The following disclosures present the gross carrying amount of financial instruments to which the impairment requirements in IFRS 9 are applied and the associated allowance for loan losses. Those credits that do not have reasonable expectations of recovering the contractual cash flows are eliminated from the Group’s assets and are recognized in “Off-balance Items”. The credit quality related to loans granted is detailed in Schedule B. The breakdown by term of “Net Loans and Other Financing” is detailed in Schedule D. Impairment of financial assets The “Expected Credit Loss” (“ECL”) model applies to financial assets which are valued at both amortized cost and fair value through OCI. The standard establishes three categories to classify financial instruments, primarily considering the credit risk evolution over time. Stage 1 includes financial assets with normal or no significant risk associated; Stage 2 includes financial assets for which a significant increase in credit risk (“SICR”) has been identified but they are not yet deemed to be credit-impaired, and Stage 3 comprises financial assets which are defaulted and/or subject to serious risk of impairment. To calculate the provisions for credit impairment risk, IFRS 9 differentiates between each of the three stages. The resulting concepts are explained as follows: • Expected Credit Losses within a 12-month period: possible events of default within the 12 months following the date of the presentation of financial statements. Assets included in Stage 1 have their ECL measured at 12-month ECL. • Lifetime Expected Credit Losses: ECL during the active period of the financial asset, which results of calculating the probability of impairment of an asset throughout its duration, up until its maturity. Instruments in Stage 2 or 3 have their ECL measured based on lifetime ECL. A pervasive concept in measuring ECL in accordance with IFRS 9 is that it should consider forward looking information. The Group has included below an explanation on how it has incorporated this in its ECL models. Grouping of instruments for losses measured on a collective basis For expected credit loss provisions modelled on a collective basis, a grouping of exposures is performed based on shared risks characteristics, such that risk exposures within group are homogeneous. In performing this grouping, there must be sufficient information for the group to be statistically credible. Where sufficient information is not available internally, the Group has considered benchmarking internal/external supplementary data to use for modelling purposes. The Group has identified four groupings: Retail, Retail-like, Wholesale and Naranja X, amongst these four segments the Group estimates parameters in a more granular way based on the shared risk characteristics. Stage classification Each subsidiary of Grupo Galicia classifies financial instruments subject to impairment under IFRS 9 in stages, as follows: • Stage 1: in the case of retail portfolios, it includes every operation up to 31 days past due. In the case of wholesale portfolios, it considers every client whose BCRA situation indicates a normal status (A1) (i.e. low risk of bankruptcy). • Stage 2: considers two groups: • For retail and retail like Portfolios between 31 and 90 days past due. For wholesale it considers credit ratings for which the risk of default has increased significantly (B). • Probability of Default (“PD”) or Score with impairment risk. • Stage 3: For retail portfolios, it includes every operation amounting 90 or more days past due. For wholesale portfolios, it considers every client whose BCRA situation indicates serious risk of bankruptcy (C, D, E). Furthermore, this stage also includes refinanced transactions originated more than 90 days past due or with another transaction in force within the last 24 months. Significant Increase in credit risk The Group considers a financial instrument to have experienced a significant increase in credit risk when any of the following conditions exist: ____________________ 1 The analysis of the customer’s cash flow shows that it is capable of attend adequately all its financial commitments. Retail Portfolio BCRA situation Extra conditions to be considered stage 2 A, B1 - Cure (*) - Between 30 and 90 past due days - Probability of Default (“PD”) or Score (**) with impairment risk C - It does not apply to defaulted clients Retail-like Portfolio BCRA situation Extra conditions to be considered stage 2 A, B1 - Cure (*) - Between 30 and 90 past due days - Probability of Default (“PD”) or Score (**) with impairment risk C - It does not apply to defaulted clients Wholesale Portfolio BCRA situation Extra conditions to be considered stage 2 A - Cure (*) - BCRA situation B1 - Probability of Default (“PD”) or Score (**) with impairment risk C - It does not apply to defaulted clients (*) It refers to customers who have been in stage 3 and back to stage 1, the entity has decided to keep them in stage 2. (**) Internal scoring. Definition of Default A financial asset is in default whenever a payment is more than 90 days past due, or if the Company considers the payment will not be fully reimbursed. The credit analysis for wholesale loans is not the same as for retail loans, Grupo Galicia’s definition of default for wholesale portfolios is based on a credit analysis of the individual borrower. The default definition has been applied consistently to model the Probability of Default (PD), Exposure at Default (EAD) and Loss given Default (LGD) throughout the Group’s expected loss calculations: • Probability of Default (“PD”): it represents the likelihood of a borrower defaulting on its financial obligation (as per the definition of default included above), either over the next 12 months or the remaining lifetime of the obligation. • Exposure at the moment of Default (“EAD”): it is based on the amounts the Group expects to be owed at the time of default, over the next 12 months or over the remaining lifetime. For example, for a revolving commitment, the Group includes the current draw down balance plus any further amount that it is expected to be drawn up to the current contractual limit by the potential time of default. • Loss given Default (“LGD”): this represents Grupo Galicia’s expectation of effective loss from the total exposure at default. Its value changes according to the counterparty, seniority of the claim and availability of collateral or other credit support. LGD is expressed as a percentage loss per Peso of exposure at the time of default and is calculated over the term of the relevant obligation. An instrument is considered to no longer be in default when it no longer meets any of the default criteria above mentioned. Methodology for Expected Credit Loss estimation Expected credit loss impairment allowances recognized in the financial statements reflect the effect of a range of possible economic outcomes, calculated on a probability-weighted basis, based on the economic scenarios described below. The recognition and measurement of expected credit losses (‘ECL’) involves the use of significant judgment and estimation. It is necessary to formulate multiple forward-looking economic forecasts and incorporate them into the ECL estimates. Grupo Galicia uses a standard framework to form economic scenarios to reflect assumptions about future economic conditions, supplemented with the use of management judgment, which may result in using alternative or additional economic scenarios and/or management adjustments. IFRS 9 establishes the following standards regarding the estimation of credit loss: • An unbiased weighted probability index determined by the evaluation of different outcomes. • Time value of money • Reasonable and sustainable information available at no additional cost or effort that provides evidence to support forecasts, as well as present conditions and past events. According to IFRS 9, Grupo Galicia prepared three different scenarios with different probabilities: a base scenario with 70% probability of occurrence, a pessimistic scenario with 15% probability of occurrence and an optimistic scenario with 15% probability of occurrence. Scenario Probabilities Base Optimistic Pessimistic Retail, Retail like and Wholesale 70 % 15 % 15 % Naranja 70 % 15 % 15 % In order to toake time value of money into account, Grupo assumes expected losses will take place according to the PD behavior. The ECL is determined by calculating the PD, EAD and LGD for each future month or collective segment. These three components are multiplied together and adjusted for forward looking information. This effectively calculates an ECL for each future month, which is then discounted back to the reporting date and summed. The discount rate used in the ECL calculation is the original effective interest rate or an estimation of it. Key macroeconomic variables used in the scenarios described below are shown in the table: Macroeconomic Variable Projections (%) QI - 2023 (*) QII - 2023 (*) QIII - 2023 (*) QIV - 2023 (*) GDP Base 0.5 % 2.3 % 4.7 % 2.2 % Optimistic -0.5 % 0.3 % 1.6 % -1.8 % Pessimistic 1.6 % 4.4 % 8.0 % 6.5 % Unemployment Rate Base -12.7 % -14.7 % -12.8 % -9.8 % Optimistic -10.5 % -12.6 % -10.6 % -7.4 % Pessimistic -17.9 % -19.7 % -17.8 % -15.3 % Real Salary Base 4.8 % 7.1 % 2.2 % 4.9 % Optimistic 2.7 % 3.0 % -3.0 % -2.3 % Pessimistic 6.8 % 10.4 % 5.7 % 10.3 % Badlar rate Base -40.3 % -27.4 % 2.5 % 9.1 % Optimistic -37.5 % -20.4 % 18.1 % 32.9 % Pessimistic -45.8 % -40.2 % -22.9 % -24.9 % Consumer Price Index (CPI) Base -52.9 % -54.1 % -52.6 % -51.6 % Optimistic -51.4 % -51.3 % -48.5 % -46.0 % Pessimistic -55.2 % -58.4 % -59.0 % -60.0 % (*) These variations were calculated based on annual basis. Grupo Galicia has also carried out sensitivity analysis to assess the impact of volatility on macroeconomic variables on the result of the expected credit losses. Scenario 1 (change in the probability Base scenario Sensitivity Regular scenario 70 % 45 % Positive scenario 15 % 10 % Negative scenario 15 % 45 % Grupo Financiero Galicia ECL 69,963,024 73,414,144 Retail, Retail like and Wholesale ECL 53,494,466 54,423,670 Naranja ECL 16,468,558 18,990,474 Scenario 2 (change in forecast PIB, inflation, nominal Regular Positive Negative Macroeconomic scenario probability 70 % 15 % 15 % Sensitivity GDP 1 % 5 % 1 % Unemployment Rate 10 % 10 % 10 % Real Salary -5 % -5 % -5 % Badlar 5 % 2 % 5 % CPI 2 % 2 % 2 % Grupo Financiero Galicia ECL 76,673,078 Retail, Retail like and Wholesale RCL 57,682,604 Naranja ECL 18,990,474 Maximum exposure to credit risk Unless identified at an earlier stage, all financial assets are deemed to have suffered a significant increase in credit risk when they are 30 days past due (“DPD”) and are transferred from stage 1 to stage 2. The following disclosure presents the ageing of stage 2 financial assets. It distinguishes those assets that are classified as stage 2 when they are less than 30 days past due (1-29 DPD) from those that are more than 30 DPD (30 and >DPD). Past due financial instruments are those loans where customers have failed to make payments in accordance with the contractual terms of their facilities. The following table contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognized. Retail Portfolio December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 338,150,700 48,504,317 2,774,855 389,429,872 433,722,384 1-30 6,906,848 3,991,341 596,248 11,494,437 11,861,749 31-60 — 3,574,414 483,375 4,057,789 4,344,289 61-90 — 3,408,034 1,129,396 4,537,430 3,027,636 Default — — 16,272,757 16,272,757 27,483,672 Gross Carrying amount 345,057,548 59,478,106 21,256,631 425,792,285 480,439,730 Loss allowance (13,799,965) (10,449,275) (17,663,734) (41,912,974) (60,820,412) Net Carrying amount 331,257,583 49,028,831 3,592,897 383,879,311 419,619,318 Retail like Portfolio December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 285,232,375 13,791,961 991,392 300,015,728 332,411,365 1-30 3,252,010 765,050 335,489 4,352,549 3,582,700 31-60 — 984,980 178,799 1,163,779 754,843 61-90 — 311,254 322,016 633,270 515,614 Default — — 2,569,606 2,569,606 4,338,644 Gross Carrying amount 288,484,385 15,853,245 4,397,302 308,734,932 341,603,166 Loss allowance (4,460,088) (853,819) (2,758,796) (8,072,703) (8,236,841) Net Carrying amount 284,024,297 14,999,426 1,638,506 300,662,229 333,366,325 Wholesale Portfolio December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due A 903,893,469 5,013,457 — 908,906,926 1,000,961,837 B1 — 960,759 — 960,759 417,940 Default — — 406,853 406,853 1,422,154 Gross Carrying amount 903,893,469 5,974,216 406,853 910,274,538 1,002,801,931 Loss allowance (2,811,154) (426,487) (271,148) (3,508,789) (4,898,659) Net Carrying amount 901,082,315 5,547,729 135,705 906,765,749 997,903,272 Naranja X December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 303,711,671 1,995,712 482,741 306,190,124 329,892,757 1-30 18,495,084 806,646 139,159 19,440,889 15,737,905 31-60 — 6,682,840 144,715 6,827,555 4, |
Contingencies and Commitments
Contingencies and Commitments | 12 Months Ended |
Dec. 31, 2022 | |
Contingencies And Commitments [Abstract] | |
Contingencies and Commitments | NOTE 46. CONTINGENCIES AND COMMITMENTS a) Tax Issues At the date of these consolidated financial statements, provincial tax collection authorities, as well as tax collection authorities from the Autonomous City of Buenos Aires, are in the process (in different degrees of completion) of conducting reviews and assessments mainly in respect of matters resulting from applying turnover tax. These proceedings and their possible effects are constantly being monitored. Even though it is considered that it has complied with its tax liabilities in full pursuant to current regulations, the provisions deemed adequate pursuant to the evolution of each proceeding have been set up. Likewise, several claims for refund of the Income Tax paid in excess for the fiscal years 2014, 2015, 2016, 2017, 2018, 2019, and 2021, for the amounts of Ps.433,815, Ps.459,319, Ps.944,338, Ps.866,842, Ps.3,646,382, Ps.4,403,712 and Ps.629,837, respectively, have been submitted to the Federal Administration of Public Revenue (Administración Federal de Ingresos Públicos, AFIP). These claims are based on Argentine jurisprudence that establishes the unconstitutionality of the rules disabling the application of the tax inflation adjustment, resulting in confiscatory situations. Considering the delay in the resolution by the Federal Administration of Public Revenue, the corresponding judicial claims were filed. Identical claims were filed by other Group subsidiaries before the Federal Administration of Public Revenue: Tarjetas Cuyanas S.A., (Tarjeta Naranja S.A.U. predecessor company), for 2014 and 2016 periods, for an amount of Ps.145,478, nominal value; Tarjeta Naranja S.A.U., for 2014 and 2016 periods, for a total amount of Ps.580,164, nominal value; and for 2015, 2017, and 2018 periods, for an amount of Ps.149,763, Ps.326,498, and Ps.973,843, nominal value, respectively. Considering the delay in the resolution by the Federal Administration of Public Revenue, the corresponding judicial claims were filed. On May 26, 2020, Tarjeta Naranja S.A.U. filed before the AFIP a claim for the repetition of the Income Tax corresponding to 2019 period for Ps.1,364,949 in nominal value. At the closing of these Financial Statements, the Group does not record contingent assets derived from the aforementioned presentations. b) Consumer Protection Associations Consumer Protection Associations, on behalf of consumers, have filed claims against Banco Galicia regarding the collection of certain fees, interest rates and financial charges. The Group believes that the resolution of these controversies will not have a significant impact on its financial condition. c) Penalties Imposed on Banco de Galicia y Buenos Aires S.A.U. and Summary Proceedings Commenced by the Argentine Central Bank The penalties imposed and the summary proceedings commenced by the Argentine Central Bank are detailed in Note 52. The provisions for contingencies recorded are as follows: 12.31.22 12.31.21 Other Contingencies 7,346,416 7,874,793 For Commercial Lawsuits/Legal matters 5,364,381 5,326,109 For Labor Lawsuits 538,162 739,127 For Claims and Credit Cards 200 390 For Guarantees Granted 1,142 2,225 For Other Contingencies 1,442,531 1,806,942 For Termination Benefits 2,777,084 512,006 Difference for Dollarization of Judicial Deposits—Communication “A” 4686 131,523 148,257 Total 10,255,023 8,535,056 |
Offsetting of Financial Assets
Offsetting of Financial Assets and Liabilities | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [abstract] | |
Offsetting of Financial Assets and Liabilities | NOTE 47. OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES Financial assets and liabilities are offset, and the net amount is reported in the statement of financial position where the Group currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The disclosures in the following tables include financial assets and liabilities that: • are offset in the Group’s consolidated statement of financial position; or • are subject to a netting agreement or similar agreement that covers similar financial instruments, regardless of whether they are offset in the consolidated statement of financial position. Financial instruments such as loans and deposits are not disclosed in the following tables since they are not offset in the consolidated statement of financial position. The financial instruments subject to offsetting, master netting agreements and similar agreements as of December 31, 2022 and 2021 are as follows: Offsetting effects on Statement of Related amounts not 12.31.22 Gross Offset Net Subject to Total Net Financial Assets Derivate Instruments 1,070,298 — 1,070,298 (1,033,708) 36,590 Total 1,070,298 — 1,070,298 (1,033,708) 36,590 Financial Liabilities Derivate Instruments 1,133,943 — 1,133,943 (1,033,708) 100,235 Total 1,133,943 — 1,133,943 (1,033,708) 100,235 Offsetting effects on Statement of Related amounts not 12.31.21 Gross Offset Net Subject to Total Net Financial Assets Derivate Instruments 208,098 — 208,098 (194,641) 13,457 Total 208,098 — 208,098 (194,641) 13,457 Financial Liabilities Derivate Instruments 249,179 — 249,179 (194,641) 54,538 Total 249,179 — 249,179 (194,641) 54,538 |
Off-balance Sheet Items
Off-balance Sheet Items | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of credit risk exposure [abstract] | |
Off-balance Sheet Items | NOTE 48. OFF-BALANCE SHEET ITEMS In the normal course of business and in order to meet customers’ financing needs, off-balance sheet transactions are performed. These instruments expose the Group to the credit risk, in addition to loans recognized in assets. These financial instruments include credit lending commitments, letters of credit reserve, guarantees granted and acceptances. The same credit policies for agreed credits, guarantees and loan granting are used. Outstanding commitments and guarantees do not represent an unusually high credit risk. Agreed Credits They are commitments to grant loans to a customer in a future date, subject to compliance with certain contractual agreements that usually have fixed maturity dates or other termination clauses and may require a fee payment. Commitments are expected to expire without resorting to them. The total amounts of agreed commitments do not necessarily represent future cash requirements. Each customer’s solvency is assessed case by case. Guarantees Granted The issuing bank commits to reimbursing the loss to the beneficiary if the secured debtor does not comply with its obligation upon maturity. Export and Import Documentary Credits They are conditional commitments issued by the Group to secure a customer’s compliance towards a third party. Responsibilities for Foreign Trade Transactions They are conditional commitments for foreign trade transactions. Our exposure to credit loss upon the other party’s default in the financial instrument is represented by the contractual notional amount of the same investments. The credit exposure for these transactions is detailed below. 12.31.22 12.31.21 Agreed Credits 104,414,369 105,928,657 Documentary Export and Import Credits 3,926,770 11,583,342 Guarantees Granted 73,166,630 22,478,015 Liabilities for Foreign Trade Operations 3,343,274 1,699,613 The fees and commissions related to the items mentioned above as of the indicated dates were as follows: 12.31.22 12.31.21 For Agreed Credits 187,208 170,183 For Documentary Export and Import Credits 234,130 154,584 For Guarantees Granted 110,265 65,916 The credit risk of these instruments is essentially the same as that involved in lending credit facilities to customers. To grant guarantees to our customers, we may require counter-guarantees, which, classified by type, amount to: 12.31.22 12.31.21 Other Preferred Guarantees Received 652,888 32,657 Other Guarantees Received 4,656,895 1,038,715 Additionally, checks to be debited and credited, as well as other elements in the collection process, such as, notes, invoices, and miscellaneous items, are recorded in memorandum accounts until the related instrument is approved or accepted. The risk of loss in these offsetting transactions is not significant. 12.31.22 12.31.21 Values to be Debited 22,617,220 18,181,314 Values to be Credited 24,268,481 20,604,627 Values for Collection 231,487,473 280,252,236 The Group acts as trustee by virtue of trust agreements to secure obligations derived from several agreements between parties. The amounts of trust funds and securities held in custody as of the indicated dates are as follows: 12.31.22 12.31.21 Trust Funds 14,547,762 19,393,590 Securities Held in Escrow 3,254,360,176 3,513,435,889 |
Transfer of Financial Assets
Transfer of Financial Assets | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transfer of financial assets [Abstract] | |
Transfer of Financial Assets | NOTE 49. TRANSFER OF FINANCIAL ASSETS All portfolio sales carried out by the Group are without recourse; therefore, they all qualify for the full derecognition of financial assets. |
Non-controlling Interest
Non-controlling Interest | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Non Controlling Interests [abstract] | |
Non-controlling Interest | NOTE 50. NON-CONTROLLING INTEREST The following tables provide information about each subsidiary that has a non-controlling interest. The non-controlling equity investment percentages and votes as of the indicated dates are as follows: Company Place of Business 12.31.22 12.31.21 Galicia Broker Asesores de Seguros S.A. CABA -Argentina 0.01 % 0.01 % Changes in the Group’s non-controlling interests as of the indicated dates were as follows: Company Balance Purchases / Cash Profit Balance Galicia Broker Asesores de Seguros S.A. 10 — — 9 19 Total 10 — — 9 19 Company Balance as Purchases / Cash Profit Balance Galicia Broker Asesores de Seguros S.A. 10 — — — 10 Total 10 — — — 10 Company Balance as Purchases / Cash Profit Balance as Cobranzas Regionales S.A. (78,317) 78,317 — — — Galicia Broker Asesores de Seguros S.A. 12 — — (2) 10 Galicia Retiro Compañía de Seguros S.A.U. 12 — — (12) — Galicia Seguros S.A.U. 16 — — (16) — Naranja Digital Compañía Financiera S.A.U. (60,339) 60,339 — — — Ondara S.A. (liquidated) 33,465 (33,465) — — — Tarjeta Naranja S.A.U. 10,114,135 (10,114,135) — — — Tarjetas Regionales S.A. 1,571,340 (2,151,371) (422,935) 1,002,966 — Total 11,580,324 (12,160,315) (422,935) 1,002,936 10 Summary information on subsidiaries is detailed in Note 15. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Related Party Transactions | NOTE 51. RELATED PARTY TRANSACTIONS Human and legal persons who directly or indirectly exert control over the Entity, or are controlled by it, are considered related parties; they include the Subsidiaries, Associates and Affiliates; the members of the Board of Directors, Syndics and personnel in charge of Senior Management; human persons who hold similar positions in financial institutions or complementary services companies; companies or sole proprietor ships over which key personnel may exert significant influence or control, and spouses, partners and relatives up to the second degree of consanguinity or first degree of affinity of all human persons directly or indirectly linked to the Group. The Group controls another entity when it has power over the financial and operational decisions of other entities, and in turn, obtains benefits from it. On the other hand, the Group considers that it has joint control when there is an agreement between the parties on the control of a common economic activity. Finally, those cases where the Group exerts significant influence means the capacity to participate in the decisions of the financial policy and the company’s operations. Shareholders with an interest equal to or greater than 20% of the Group’s total votes or its subsidiaries are considered to exert a significant influence. In determining said situations, not only the legal aspects are observed but also the nature and substance of the relationship. Additionally, the key personnel of the Group’s Management (members of the Board of Directors and Managers) and the entities over which the key personnel can exert significant influence or control are considered related parties. 51.1. Controlling Entity The Group is controlled by: Name Nature Principal Line of Business Place of Business Equity Investment % EBA Holding S.A. 54.09% of voting rights Financial and Investment Autonomous City of Buenos Aires – Argentina 19.07% 51.2. Key Personnel’s Compensation The compensation earned by the Group’s key personnel as of December 31, 2022 and December 31, 2021 amounts to Ps.4,072,411 and Ps.4,107,123 respectively. 51.3. Key Personnel’s Structure Key personnel’s structure as of the indicated dates is as follows: 12.31.22 12.31.21 Regular Directors 79 80 General Manager 1 1 Area and department Managers 95 89 Total 175 170 51.4. Related Party Transactions The following table shows the total credit assistance granted by the Group to key personnel, syndics, majority shareholders, as well as all individuals who are related to them by a family relationship of up to the second degree of consanguinity or first degree by affinity (pursuant to the Argentine Central Bank’s definition of related individual) and any entity affiliated with any of these parties, not required to be consolidated. 12.31.22 12.31.21 Total Amount of Credit Assistance 5,505,721 8,589,049 Number of Addressees (quantities) 279 280 - Natural Persons 219 221 - Legal Entities 60 59 Average Amount of Credit Assistance 19,734 30,676 Maximum Assistance 843,892 3,238,904 Financial assistance, including the one that was restructured, was granted in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other non-related parties. Besides, this financial assistance did not involve more than the normal risk of loan losses or present other unfavorable features. The information about the credit assistance granted to affiliates based on the quality of receivables, their documentation and preferred guarantees is stated in Schedule N. 51.5. Amounts of Related Party Transactions The amounts of related party transactions conducted as of the indicated dates are as follows: 12.31.22 12.31.21 Assets Cash and Due from Banks 5,048,868 8,357,923 Debt Securities at Fair Value through Profit or Loss 4,057,904 1,217,662 Derivative Financial Instruments 1,241,177 660,119 Repurchase Transactions 10,916,515 — Other Financial Assets 51,720 — Loans and Other Financing 35,453,589 18,041,984 Other Debt Securities 362,621 244,647 Total Assets 57,132,394 28,522,335 Liabilities Deposits 7,352,996 9,335,744 Derivative Financial Instruments 1,241,177 660,119 Repurchase Transactions 10,916,515 — Other Financial Liabilities 74,970 199,199 Financing Received from the Argentine Central Bank and other Financial Institutions 33,068,323 16,808,004 Debt Securities Issued 4,420,525 1,462,309 Liabilities for Insurance Contracts 4,332 1,724 Other Non-financial Liabilities 53,556 55,236 Total Liabilities 57,132,394 28,522,335 12.31.22 12.31.21 12.31.20 Income (Loss) Net Income (Loss) from Interest 2,098,935 (1,101,914) (665,867) Net Fee Income (Expense) 2,974,406 3,452,512 3,192,339 Net Income from Financial Instruments Measured at Fair Value through Profit or Loss (2,258,171) 660,119 2,658 Other Operating Income (Expense) 2,963,883 3,087,267 3,509,103 Income from Insurance Business (5,114,755) (6,037,909) (5,896,993) Administrative Expenses (325,204) (273,741) — Other Operating Expenses (7,096) (14,267) (42,513) Total Income 331,998 (227,933) 98,727 |
Additional Information Required
Additional Information Required by the Argentine Central Bank | 12 Months Ended |
Dec. 31, 2022 | |
Additional information [abstract] | |
Additional Information Required by the Argentine Central Bank | NOTE 52. ADDITIONAL INFORMATION REQUIRED BY THE ARGENTINE CENTRAL BANK 52.1. CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM Law No. 24485 and Decree No. 540/95 established the creation of the Deposit Insurance System to cover the risk attached to bank deposits, in addition to the system of privileges and safeguards envisaged in the Financial Institutions Law. The National Executive Branch through Decree No. 1127/98 established the maximum amount for this insurance system to demand deposits and time deposits denominated either in Pesos and/or in foreign currency. Such limit was set at Ps.1,500 as from May 1, 2020. This amount as of January 1, 2023 will increase to Ps.6,000. This system does not cover deposits made by other financial institutions, deposits made by parties related to the Bank, either directly or indirectly, deposits of securities, acceptances or guarantees and those deposits set up at an interest rate exceeding the one established regularly by the Argentine Central Bank. Deposits acquired through endorsement, placements made as a result of incentives other than interest rates and locked-up balances from deposits and other excluded transactions are also excluded. This system has been implemented through the creation of the Deposit Insurance Fund (“FGD”), which is managed by a company called Seguros de Depósitos S.A. (“SEDESA”). SEDESA’s shareholders are the Argentine Central Bank and the financial institutions in the proportion determined for each one by the Argentine Central Bank based on the contributions made to the fund. The monthly contribution institutions should make to the FGD is 0.015% on the monthly average of total deposits. 52.2. RESTRICTED ASSETS As of December 31, 2022, and 2021, the ability to freely dispose of the following assets is restricted, as follows: Banco de Galicia y Buenos Aires S.A.U. a) Cash and Government Securities 12.31.22 12.31.21 For transactions in ROFEX, MAE and BYMA 52,044,160 21,824,166 For appraisals from repo transactions — 70,024 For debit / credit cards transactions 7,732,900 8,985,815 For attachments 10,009 18,330 Liquid offsetting entry required to operate as CNV agent 162,086 168,301 For contribution to M.A.E.’ s Joint Guarantee Fund ( Fondo de Garantía Mancomunada ) 1,100 2,143 Guarantees for the Regional Economies Competitiveness Program 86,801 252,851 For other transactions (includes guarantees linked to rental contracts) 40,505 47,043 For forward purchases of repurchase transactions — 630,222 b) Special Guarantees Accounts Special guarantee accounts have been opened at the Argentine Central Bank as collateral for transactions involving electronic clearing houses, checks for settling debts and other similar transactions as of the indicated dates, which amount to: 12.31.22 12.31.21 Escrow Accounts 40,024,234 36,054,654 c) Deposits in favor of the Argentine Central Bank 12.31.22 12.31.21 Unavailable deposits due to exchange transactions 533 1,038 d) Equity Investments The account “Equity Investments” includes 1,222,406 non-transferablenon-endorsable registered ordinary shares in Electrigal S.A., the transfer of which is subject to approval by the national authorities, according to the terms of the previously executed concession contract. e) Contributions to Risk Fund Banco de Galicia y Buenos Aires S.A.U., in its capacity as sponsoring partner in Garantizar S.G.R. Risk Fund, Don Mario S.G.R. and Móvil S.G.R., is committed to maintaining the contributions made to them for two (2) years. 12.31.22 12.31.21 Fondo de Riesgo Garantizar SGR 1,124,476 1,928,453 Don Mario SGR 500,000 — Movil SGR 100,000 — INVIU S.A.U. 12.31.22 12.31.21 Liquid offsetting entry required to operate as CNV agents 60,166 65,201 Guarantees linked to surety bonds 63,333 8,824 Tarjeta Naranja S.A.U. 12.31.22 12.31.21 Attachments arising from judicial cases 173,624 193,340 Guarantees linked to rental contracts 8,521 16,842 Galicia Asset Management S.A.U. 12.31.22 12.31.21 Liquid offsetting entry required to operate as collective investment products administration agents of mutual funds, as required by CNV(*) 98,452 102,444 (*) As of December 31, 2022, it corresponds to 6,600,000 shares of Fima Capital Plus “C” Mutual Fund. Galicia Securities S.A.U. 12.31.22 12.31.21 For transactions in the market 272,665 317,204 Liquid offsetting entry required to operate as CNV agents 59,763 48,068 Guarantees linked to surety bonds 357,182 39,382 The total amount of restricted assets for the reasons stated above in the aforementioned controlled companies, as of the indicated dates, is as follows: 12.31.22 12.31.21 Total Restricted Assets 103,478,456 70,774,345 52.3. TRUST ACTIVITIES a) Trust Contracts for Purposes of Guaranteeing Compliance with Obligations: Purpose: In order to guarantee compliance with contractual obligations, the parties to these agreements have agreed to deliver to Banco de Galicia y Buenos Aires S.A.U., as fiduciary property, amounts to be applied according to the following breakdown: Date of Contract Trustor Balances of Trust Funds Maturity (*) 11.23.11 Exxon Mobil 41,478 04.19.23 09.12.14 Coop. de Trab. Portuarios 7,671 09.12.24 03.16.21 Fondo Fiduciario Aceitero 10,686 01.31.23 04.26.22 Fondo Anticiclico Agroalim 7,426 01.31.24 Total 67,261 ____________________ (1) These amounts shall be released monthly until settlement date of trustor obligations or maturity date, whichever occurs first. b) Financial Trust Contracts: Purpose: To administer and exercise the fiduciary ownership of the trust assets until the redemption of debt securities and participation certificates: Contract date Trust Balances of Trust Funds Maturity (*) 12.06.06 GAS I 281,417 12.31.23 05.14.09 GAS II 14,149,612 12.31.23 06.08.11 MILA III 44,870 12.31.23 09.01.11 MILA IV 4,602 12.31.23 Total 14,480,501 (*) Estimated date since maturity date shall occur at the time of the distribution of all of trust assets. 52.4. COMPLIANCE WITH THE REGULATIONS 52.4.1. Agents – Minimum Liquidity requirement Banco de Galicia y Buenos Aires S.A.U. Within the framework of CNV Resolution No. 622/13, Banco de Galicia y Buenos Aires S.A.U. has been duly registered with such agency in the following categories: Escrow Agent for Collective Investment Products in the Financial Trustors’ Registry No. 54, and Settlement and Integral Compensation Agent No. 22 (AlyC and AN—INTEGRAL). As of December 31, 2022, for the Escrow Agent for Collective Investment Products in the Financial Trustors’ Registry, the required Shareholders’ Equity amounts to Ps.176,054, and the minimum required offsetting entry is Ps.88,027. For AlyC and AN—INTEGRAL, said requirement amounts to Ps.87,165, with the minimum offsetting entry required of Ps.43,583. The Entity integrated these requirements with Argentine Republic Bills with CER adjustment, discount on maturity on 02/17/2023 valuated at amortized cost in the sum of Ps.162,086 whose fair value amounts to the sum of Ps.157,493, which are held in escrow in Caja de Valores (Principal 100100). Galicia Asset Management S.A.U. In accordance with the requirements set forth in CNV Resolution No. 622/13, the minimum Shareholders’ Equity required to operate as Escrow Agent for Collective Investment Products, Mutual Funds amounts to Ps.194,282 and the minimum offsetting entry amounts to Ps.97,141. The Company’s Shareholders’ Equity as of December 31, 2022, exceeds the minimum required by the aforementioned Resolution. Galicia Asset Management S.A.U. integrated said requirement with 6,600 shares of Fondo Fima Premium Class “C”, equivalent to Ps.98,452. Galicia Securities S.A.U. Within the framework of CNV General Resolution No. 622/13, the Company has been duly registered with said agency in the following categories: “Settlement and Offsetting Agent (ALyC and AN Own Portfolio)” and “Comprehensive Mutual Funds Placement and Distribution Agent.” In accordance with the requirements set forth, for an ALyC and AN Own Portfolio the Shareholders’ Equity must be equivalent to 470,350 Units of Purchasing Value (Unidades de Valor Adquisitivo, UVA). As of December 31, 2022, said requirement amounted to Ps.87,165, and the minimum offsetting entry required was Ps.43,583. For Comprehensive Mutual Funds Placement and Distribution Agents, said requirement amounts to Ps.30,300, and the minimum offsetting entry required is Ps.15,150. As of December 31, 2022, the Company’s Shareholders’ Equity amounted to Ps.2,008,631 and the offsetting entry would be comprised of government securities amounting to Ps.59,763. INVIU S.A.U. In accordance with the requirements set forth in General Resolution No. 622/13, for an ALyC and AN Integral the Shareholders’ Equity must be equivalent to 470,350 Units of Purchasing Value (UVA), with said requirement amounting to Ps.87,165 as of December 31, 2022, and a minimum offsetting entry required of Ps.43,583. For Comprehensive Mutual Funds Placement and Distribution Agents, said requirement amounts to Ps.30,300, and the minimum offsetting entry required is Ps.15,150. As of December 31, 2022, the Company’s Shareholders’ Equity amounted to Ps.2,309,282 and the offsetting entry would be integrated with a demand account with an amount of Ps.60,166. 52.4.2. Custodial Agent of Collective Investment Products Corresponding to Mutual Funds Likewise, in compliance with Art. 7 of Chapter II, Title V of said resolution, Banco Galicia in its capacity as Escrow Agent for Collective Investment Products of Mutual Funds (depositary company): “Fima Acciones”, “Fima P.B. Acciones”, “Fima Renta en Pesos”, “Fima Ahorro Pesos”, “Fima Renta Plus”, “Fima Premium”, “Fima Ahorro Plus”, “Fima Capital Plus”, “Fima Abierto Pymes”, “Fima Mix I”, “Fima Renta Fija Internacional,” and “Fima Acciones Latinoamericanas US$”, it is hereby stated that the total quantity held in escrow as of December 31, 2022 is 42,336,393,400 shares, their cash value being Ps.775,167,807, which is reflected in the account “Depositors of Securities Held in Escrow.” As of December 31, 2021, securities held in escrow amounted to the quantity of 28,342,213,607 shares and their cash value was Ps.671,207,220. The balances of the Mutual Funds as of the indicated dates are detailed as follows: Mutual Fund 12.31.22 12.31.21 FIMA Acciones 3,813,287 2,465,388 FIMA P.B. Acciones 2,582,474 2,054,173 FIMA Renta en pesos 19,071,848 20,589,512 FIMA Ahorro pesos 28,384,574 34,850,123 FIMA Renta Plus 8,304,489 16,594,936 FIMA Premium 623,265,398 500,851,452 FIMA Ahorro Plus 51,739,245 56,356,580 FIMA Capital Plus 32,193,257 26,837,093 FIMA Abierto PyMES 1,437,879 2,000,343 FIMA Mix I 2,706,104 6,957,717 FIMA Mix II 140,946 — FIMA Renta Fija Internacional 1,140,420 1,517,835 FIMA Sustentable ASG 277,370 — FIMA Acciones Latinoamericanas Dólares (*) 110,516 132,068 Total 775,167,807 671,207,220 ____________________ (*) Stated at the reference exchange rate of the US$ set by the Argentine Central Bank. See Note 1.6.(b). All the transactions detailed above are recorded in off-balance sheet items—securities held in custody. The mutual funds detailed above have not been consolidated as the Group is not a controlling company thereof, since the depository role does not imply in this case: • power over the trust to run material activities; • exposure or right to variable returns; • capacity to have influence on the amount of returns to be received for the involvement. 52.4.3. Storage of Documents Pursuant to General Resolution No. 629 of the CNV, Banco de Galicia y Buenos Aires S.A.U. notes that it has supporting documents regarding accounting and management transactions, which are stored at AdeA (C.U.I.T. No. 30-68233570-6), Plant III located at Ruta Provincial 36 km 31.5 No. 6471 (CP 1888) Bosques, Province of Buenos Aires, with legal domicile at Av. Juramento 1775, 4th. floor, (CP 1428), Autonomous City of Buenos Aires. 52.5. COMPLIANCE WITH MINIMUM CASH REQUIREMENTS: As of December 31, 2022, the balances recorded as computable items are as follows: Currency Item Ps. US$ Euros (*) Checking Accounts held in Argentine Central Bank 12,703,548 1,010,394 27 Escrow Accounts held in Argentine Central Bank 40,692,757 3,694 — National Treasury Bonds in Argentine Pesos computable for minimum cash 56,026,785 — — Liquidity Bills computable for minimum cash 254,866 — — Government Securities 153,458,505 — — Total for integration Minimum Cash 263,136,461 1,014,088 27 ____________________ (*) Stated in thousands of US$. 52.6. PENALTIES IMPOSED ON BANCO DE GALICIA Y BUENOS AIRES S.A.U. AND SUMMARY PROCEEDINGS COMMENCED BY THE ARGENTINE CENTRAL BANK Penalties Imposed on Banco de Galicia y Buenos Aires S.A.U. Existing as of December 31, 2022: UIF Proceedings -Docket 867/13 . Penalty Notification date: June 19, 2020. Reason of the Penalty: Reason of the Penalty: alleged non-compliance with the provisions of Article 21 of the Anti-Money Laundering Law and alleged non-compliance with the provisions of UIF Resolution No. 121/11, especially with the provisions of Article 13 (paragraph j), Article 14 (paragraph h); Article 21 (paragraph a); Article 23, and Article 24 (paragraphs d and e). These objections are related to the risk matrix and the transactions monitoring system regarding prevention of money laundering and terrorist financing and required information allegedly missing. Amount applied and responsible persons receiving penalties: penalties for global amounts of Ps.440 applied to the Bank and eight Directors. Status of the Case: On September 14, 2020, the direct appeal to the penalty was filed before the National Court of Appeals for Federal Administrative Disputes of the Federal Capital, under the terms of Article 25 of Law No. 25,246, amended by Law No. 24,144; Room III, where the proceeding is pending, was designated to issue judgment. Summary Proceeding No. 1570. Penalty Notification date: August 13, 2021. Reason of the Penalty: alleged violation to the provisions of the Amended Text on “Truthfulness of Accounting Records”, Point 2.2. (“Liabilities”), in accordance with point 1 of the aforementioned Amended Text, pursuant to Schedule to Argentine Central Bank Communication “A” 6248, CONAU 1 – 1260 -supplementary and amending provisions. Amount applied and responsible persons receiving penalty: the Bank, for an amount of Ps.1,680. Status of the Case: On September 6, 2021, an appeal was filed with the Argentine Central Bank against the penalty under the terms of Article 42 of Law No. 21,526, amended by Law No. 24,144, without subsequent notification of other steps. Summary No. 7732. Date of notification of the sanction: August 08, 2022. Charges: Having carried out exchange operations carried out by customers without the prior approval of the Argentine Central Bank in alleged violation of art. 1, sections e) and f) of the Criminal Exchange Law (O.T. by Executive Order No. 480/95), integrated with the regulations of points 5, 6, 9, 10, 15 and 18 of Communication “A” 6770, Communication “A” 6815, Communications “C” 43716, 49077, 50737, 52384, 52388, 57618, 62862, 66581, 66582, 67343, 70322, 81561, 82665 and 84797, amending and supplementary. Those responsible sanctioned: General manager, area managers and other officials. Status of the case: it is still in the process of setting up the defenses of the defendants. The Group considers that the resolution of these proceedings will not have significant impact on its equity. 52.7. ISSUANCE OF DEBT SECURITIES The issuance of debt securities is detailed in Notes 27 and 28. 52.8. RESTRICTIONS FOR THE INCOME DISTRIBUTION Pursuant to Section 70 of the General Corporations Law, Grupo Financiero Galicia S.A. should transfer 5% of the net income for the year to the Legal Reserve until 20% of the capital stock is reached, plus the balance of the Capital Adjustment account. With respect to Banco Galicia, the Argentine Central Bank regulations require that 20% of the profits shown in the Income Statement at fiscal year-end, plus (or less), the adjustments made in previous fiscal years and, less, if any, the loss accumulated at previous fiscal year-end, be allocated to the legal reserve. This proportion applies regardless of the ratio of the Legal Reserve fund to Capital Stock. Should the Legal Reserve be used to absorb losses, earnings shall be distributed only if the value of the Legal Reserve reaches 20% of the Capital Stock plus the Capital Adjustment. The Argentine Central Bank sets rules for the conditions under which financial institutions can make distributions of profits. According to these rules, profits can be distributed as long as results of operations are positive after deducting not only the Reserves, which may be legally and statutory required, but also the following items from Retained Income: The difference between the carrying amount and the market value of public sector assets and/or debt instruments issued by the Argentine Central Bank not valued at market price, the amounts capitalized for lawsuits related to deposits and any unrecorded adjustments required by the external auditors or the Argentine Central Bank. Moreover, in order that a financial institution be able to distribute profits, such institution must comply with the capital adequacy rule, i.e. with the calculation of minimum capital requirements and the regulatory capital. For these purposes, this shall be done by deducting from its assets and Retained Income all the items mentioned in the paragraph above. Moreover, in such calculation, a financial institution shall not be able to compute the temporary reductions that affect minimum capital requirements, computable regulatory capital or its capital adequacy. The Argentine Central Bank established that a capital conservation margin must be maintained in addition to the minimum capital requirement, equivalent to 3.5% of risk-weighted assets. Said margin must exclusively be integrated with level I, net of items deductibles. Income distribution will be limited when the level and composition of the institution’s Regulatory Capital puts said distribution within the range of the capital conservation margin. The Argentine Central Bank provided that income distribution must be performed with its prior authorization. In said authorization process, the SEFyC will consider, among other elements, the total impact of credit losses determined according to IFRS 9. The Argentine Central Bank established that, from 01.01.22 until 12.31.22, the financial institutions may distribute income for up to 20% of the accumulated income, with prior authorization by said Institution. In turn, said distribution must be in 12 equal, monthly and consecutive installments. Communication "A" 7719 established that as from 01.01.23 and until 12.31.23, financial institutions authorized by the Argentine Central Bank may distribute profits in 6 equal, monthly and consecutive installments of up to 40% of the amount that would have corresponded if the rules on "Distribution of profits" had been applied. Tarjeta Naranja S.A.U.’s Ordinary and Extraordinary Shareholders’ Meeting held on March 16, 2006, decided to set the maximum limit for the distribution of dividends at 25% of the realized and liquid profits of each fiscal year. This restriction shall remain in force as long as the company’s Shareholders’ Equity is below Ps.300,000 (Ps.16,614,201 in closing currency). Pursuant to the Price Supplement of the Class XXXVII Notes, Tarjeta Naranja S.A.U. has agreed not to distribute dividends that may exceed 50% of the company’s net income. This restriction also applies in the event of any excess over certain indebtedness ratios. The Group may pay dividends to the extent that it has distributable retained earnings and distributable reserves calculated in accordance with the rules of the Argentine Central Bank. Therefore, retained earnings included in the consolidated financial statements may not be wholly distributable. The Group has presented its local financial statements under these rules on February 15, 2022. Shareholders’ equity under the rules of the Argentine Central Bank comprise the following captions: 12.31.22 Share Capital 1,474,692 Additional paid in Capital 17,281,187 Adjustments to shareholders´ equity 217,357,729 Legal reserve 5,194,789 Distributable reserves 316,357,520 Non distributable reserves 218,815 Profit for the year 51,460,139 Total Shareholder’s equity under the rules of the Argentine Central Bank 609,344,871 The Board of Directors proposes that the profit for fiscal year, which as of December 31, 2022 amounts to Ps.51,460,139, be allocated to: (i) 5% to the constitution of the Legal Reserve; (ii) the payment of a cash dividend in an amount such that, adjusted for inflation, results in the sum of Ps.10,000,000; and (iii) the remaining balance to the constitution of a Special Discretionary Reserve for eventual dividend distribution. 52.9. CAPITAL MANAGEMENT AND CORPORATE GOVERNANCE TRANSPARENCY POLICY Grupo Financiero Galicia S.A. Board of Directors Grupo Financiero Galicia S.A.’s Board of Directors is the Company’s highest management body. It is made up of nine directors and three alternate directors, who must have the necessary knowledge and skills to clearly understand their responsibilities and duties within the corporate governance, and to act with the loyalty and diligence of a good businessman. As set out in its bylaws, the term of office for both directors and alternate directors is three (3) years; they are partially changed every year and may be reelected indefinitely. The Company complies with the appropriate standards regarding total number of directors, as well as the number of independent directors. Furthermore, its bylaws provide for the flexibility necessary to adapt the number of directors to the possible changes in the conditions in which the Company carries out its activities, from three (3) to nine (9) directors. The Board of Directors complies, in every relevant respect, with the recommendations included in the Code on Corporate Governance as Schedule IV to Title IV of the regulations issued by the National Securities Commission (Text amended in 2013). Likewise, controls are carried out on the application of corporate governance policies defined by regulations in force, through the Executive Committee, the Nomination and Compensation Committee, the Audit Committee, the Disclosure Committee, and the Ethics, Conduct and Integrity Committee. The Committees periodically reports to the Board of Directors, who becomes aware of the decisions of each Committee, and the relevant matters are recorded in the Minutes of their meetings. Executive Committee In July 2018, Grupo Financiero Galicia S.A.’s Board of Directors approved the creation of the Executive Committee, along with its governing rules and regulations. It is made up of five directors, and the purpose of its creation is to contribute to the conduction of the Company’s ordinary business and the efficient performance of the Board of Directors’ duties. Nominations and Compensation Committee The objective behind the creation of this Committee is to facilitate the analysis and monitoring of several issues based on good corporate governance practices; it is composed of five directors, two of them independent. Its main duty is to support the Company’s Board of Directors in preparing the candidates appointment proposal to occupy positions on said Board of Directors. Audit Committee The Audit Committee set by Capital Markets Law No. 26831 and the CNV’s regulations is formed by three directors, two of whom are independent, and meets the requirements set out in U.S. Sarbanes-Oxley Act. Such Committee’s mission is to provide the Board of Directors with assistance in overseeing the financial statements, as well as in the task of controlling Grupo Financiero Galicia and its subsidiaries. Committee for Information Integrity The Committee for Information Integrity was created in compliance with the recommendations of U.S. Sarbanes Oxley Act, and is made up of the General Manager, the Administrative and Finance Manager and two supervisors of the Administrative and Finance Division. Its most important duties are monitoring the Company’s internal controls, reviewing the financial statements and other information published, preparing Board of Directors’ reports with the activities carried out by the Committee. Its operation has been adapted to local laws and it currently performs important administrative and reporting duties, which are used by the Board of Directors and the Audit Committee, contributing to the transparency of the information provided to markets. Ethics, Conduct and Integrity Committee The objective behind the Ethics, Conduct and Integrity Committee is to promote compliance with standards, principles of good conduct, and the Code of Ethics. Basic Holding Structure Grupo Financiero Galicia S.A. is a company whose sole purpose is to conduct financial and investment activities as per Section 31 of the General Corporations Law. That is to say, it is a holding company whose activity involves managing its equity investments, assets and resources. Therefore, Grupo Financiero Galicia S.A. directly and indirectly holds those equity interests in companies that carry out activities defined as non-supplementary. Grupo Financiero Galicia S.A. has a reduced structure due to its nature as holding company of a group of financial services. Accordingly, certain typical organizational aspects of large operating companies are not applicable thereto. To conclude, one should note that Grupo Financiero Galicia S.A. is under the control of a pure holding company, EBA Holding S.A., which has the number of votes necessary to hold the majority of votes at the Shareholders’ Meetings, although it does not have any managerial functions over the former. Compensation Systems Directors’ compensation is defined by the General Shareholders’ Meeting and is fixed within the limits established by law and the corporate bylaws. The Audit Committee expresses its opinion on whether compensation proposals for Directors are reasonable, taking into consideration market standards. Business Conduct Policy The Company has consistently shown respect for the rights of its shareholders, reliability and accuracy in the information provided, transparency as to its policies and decisions, and caution with regard to the disclosure of strategic business issues. Code of Ethics Grupo Financiero Galicia S.A. has a Code of Ethics formally approved that guides its policies and activities. It considers business objectivity and conflict-of-interests related-aspects, and how the employee should act upon identifying a breach of the Code of Ethics. Banco de Galicia y Buenos Aires S.A.U. Banco Galicia’s Board of Directors is the Company’s highest management body. As of the date of preparation of these consolidated financial statements, it is made up of seven directors and four alternate directors, who have the necessary knowledge and skills to clearly understand their responsibilities and duties within the corporate governance, and act with the loyalty and diligence of a good businessman. Banco Galicia complies with the appropriate standards regarding total number of directors, as well as number of independent directors. Furthermore, its bylaws provide for the flexibility necessary to adapt from three (3) to nine (9) directors to the possible changes in the conditions in which the Bank carries out its activities. The General Shareholders’ Meeting has the power to establish the number of directors, both independent and non-independent ones, and appoint them. Out of the seven directors, one of them is independent. In addition, two of the alternate directors are independent. The independence concept is defined in the regulations set forth by the CNV and the Argentine Central Bank regulations. As regards prevention of conflicts of interest, the provisions set forth in the General Corporations Law and the Capital Markets Law are applicable. As set out in the bylaws, the term of office for both directors and alternate directors is three years; two thirds of them (or a fraction of at least three) are changed every year and may be reelected indefinitely. The Board of Directors’ meeting is held at least once a week and when required by any director. The Board of Directors is responsible for the Bank’s general management and makes all the necessary decisions to such end. The Board of Directors’ members also take part, to a greater or lesser extent, in the commissions and committees created. Therefore, they are continuously informed about the Bank’s course of business and become aware of the decisions made by such bodies, which are transcribed into minutes. Additionally, the Board of Directors receives a monthly report prepared by the General Manager, the purpose of which is to report the material issues and events addressed at the different meetings held between the General Manager and Senior Management. The Board of Directors becomes aware of such reports, as evidenced in the minutes. In connection with directors’ training and development, the Bank has a program, which is reviewed every nine months, whereby they regularly attend courses and seminars of different kinds and subjects. According to the activities carried out by the Bank, effective laws and corporate strategies, the following committees have been created to achieve an effective control over all activities performed by the Bank: • Risk and Capital Allocation Committee It is in charge of approving and analyzing capital allocation, establishing risk policies and monitoring the Bank’s risk. • High Credit Committee This committee’s function is to approve and sign credit ratings and grant transactions related to high-risk groups and customers, i.e., greater than 2.5% of the Bank’s individual Computable Regulatory Capital, loans to financial institutions (local or foreign) and related customers, in which case two thirds of the Board of Directors is required to participate. • Low Credit Committee This committee’s function is to approve and sign the credit ratings and grant transactions related to medium-risk groups and customers, equal to amounts greater than 1% of the Bank’s individual Computable Regulatory Capital. • Asset and Liability Management Committee It is in charge of analyzing the fundraising and its placement in different assets, the follow-up and control of liquidity, interest-rate and currency mismatches, and management thereof. • Information Technology Committee This Committee is in charge of supervising and approving the development plans of new systems and their budgets, as well as supervising these systems’ budget control. It is also responsible for approving the general design of the systems’ structure, the main processes thereof and the systems implemented, as well as monitoring the quality of the Bank’s systems, within the policies established by the Board of Directors. • Audit Committee The Audit Committee is responsible for helping the Board of Directors, in performing the control function of the Bank and its controlled companies and the companies in which it owns a stake, in order to fairly ensure the following objectives: • Effectiveness and efficiency of operations; • Reliability of the accounting information; • Compliance with applicable laws and regulations; and • Compliance with the goals and strategy set by the Board of Directors. • Committee for the Control and Prevention of Money Laundering and Funding of Terrorist Activities (CPLA/FT, as per its initials in Spanish) It is in charge of planning, coordinating, and ensuring compliance with the policies on anti-money laundering and funding of terrorist activities set and approved by the Board of Directors. • Committee for Information Integrity It is in charge of encouraging compliance with the provisions of Sarbanes-Oxley (2002). • Human Resources and Governance Committee It is in charge of presenting the succession of the General Manager and Division Managers, analyzing and establishing the General Manager’s and Division Managers’ compensation, and monitoring the performance matrix of Department and Division Managers. • Performance Reporting Committee It is in charge of monitoring the performance and results of operations and evaluating the macro situation. • Liquidity Crisis Committee It is in charge of evaluating the situation upon facing a liquidity crisis and deciding the steps to be implemented to tackle it. • Compliance Committee It is in charge of instilling respect for Banco Galicia’s rules, code of conduct and ethics, and mitigating the compliance risk, by defining policies and establishing controls and reports in the best interests of the Bank and its emp |
Economic Context Where the Grou
Economic Context Where the Group's Operates | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of economic context [Abstract] | |
Economic Context Where the Group's Operates | NOTE 53. ECONOMIC CONTEXT WHERE THE GROUP OPERATES The Group operates in a complex economic context, both in the national and international spheres. In recent months, the behavior of international markets continued to be affected by Russia's invasion of Ukraine, the fluctuations in commodity prices, the intensification of inflationary pressures that generalized interest rate hikes, the zero COVID policies in China, among others. Consequently, global economic activity began to show negative variations in some indicators of developed countries, and growth projections were cut compared to those forecast months ago. The new international scenario seems to be converging towards a scenario of more moderate economic growth with tightening financial conditions, but with less inflationary pressure on the supply side, given the reduction in the cost of international freight and the process of normalization of shipping times. production chains. However, the prices of some raw materials maintain high volatility and inflation shows a more inertial component that affects the bulk of goods and services in world economies. Along these lines, the United States Federal Reserve continued with the process of raising the reference interest rate and reducing its balance (quantitative tightening). In December there was a 50 bps rise in the interest rate, raising it to the 4%-4.50% range, in what represents the most aggressive adjustment since the 1980s. According to the projections of the members of the entity's monetary policy committee, by the end of 2023 the reference interest rate would be located at 5.125% and in the coming months the quantitative tightening rhythm of US$95 billion per month would be maintained. In the case of Argentina, activity continued to recover, although at a slower pace than in 2021 (the year in which it had expanded 10.4%). According to the Monthly Estimator of Economic Activity published by the National Institute of Statistics and Census, the economy accumulated growth of 5.2% in 2022, despite the fact that in December it showed its first drop in almost two years (-1.2% year-on-year). At the beginning of March 2022, it was announced that the Government and the International Monetary Fund had reached an agreement: an Extended Facilities Program for around US$45,000 million, lasting two and a half years. The disbursements will be used to meet the different capital maturities of the 2018 Stand-By Agreement. Said transfers will be subject to compliance with a series of requirements, including a ceiling on the primary deficit, limits on financing from the Central Bank to the Treasury, a maximum to the sold position of futures of the Central Bank and a floor of accumulation of Net Reserves. The first three revisions of the Agreement were approved, so that in 2022 the IMF disbursed around US$23.5 billion. Throughout the year, some quantitative targets were revised to adapt to an international context marked by Russia's invasion of Ukraine and the acceleration of inflation derived from it. Currently, the Government is in dialogue with the Monetary Fund to modify the target for the accumulation of Net Reserves for the first quarter of 2023. Likewise, during March the revision corresponding to the fourth quarter of 2022 would be published, compliance with which depends on the next disbursement of the International organization. In 2022, the Non-Financial Public Sector accumulated a primary deficit of Ps.1,955,141 million (2.4% of GDP). The red was covered, on the one hand, thanks to the placement of debt by the Treasury and, on the other, with monetary assistance from the Argentine Central Bank. In this period, total income grew 75.7% year-on-year, driven by property income (which was limited in the Agreement with the IMF to 0.3% of GDP for all of 2022). Meanwhile, primary spending expanded 70.5%, supported by capital spending, which grew 104.7%. Other items such as current transfers to provinces (+54.1% in 2022) and economic subsidies (+54.9%) contained the expansion of spending. The 2022 deficit was below the quantitative goal of Ps.2,015,700 million, established in the Extended Facilities Program, so the fiscal objective for the fourth quarter would have been met. In January 2023, the Non-financial Public Sector showed a primary deficit of Ps. 203,938 million (0.12% of GDP), as a result of an acceleration in real spending, which grew in real terms compared to the same month in 2022, and the real fall experienced by the total income. To meet the current fiscal goal for the first quarter. the primary deficit has a ceiling of Ps.237,562 million in the February-March two-month period. During the fourth quarter of 2022, the International Reserves increased by US$6,973 million compared to the end of September of last year. The rise was explained by a net inflow of foreign currency for US$4,756 million from disbursements from Multilateral Organizations, mainly to the IMF; due to Other factors that implied an income of US$793 million; a minimum cash recovery of US$ 1,047 million; and for the purchase and sale of foreign currency to the private sector for US$817 million. Purchases were particularly concentrated in December (US$1,988 million), the month in which the relaunch of the Export Increase Program was in force. In the first two months of 2023, the International Reserves fell by US$5,553 million, due to the sale of foreign currency to the private sector, payment of principal maturities and interest to the International Monetary Fund and foreign currency debt holders, and repurchase by the Treasury of sovereign bonds. The rate of variation of the exchange rate accelerated during the fourth quarter of 2022, going from a monthly rate of 6.2% towards the end of September 2022 to one of 6.7% at the end of December 2022. However, in January and February 2023, the exchange rate slowed down and advanced by an average of 5.4% and 5.3% per month, respectively. In 2022, the Argentine Central Bank raised the interest rate of Liquidity Bills (LELIQ) through successive increases, taking the rate from 38% to 75%. Likewise, the monetary entity raised the minimum limits of interest rates on time deposits of individuals, establishing a new base of 75% per year, while for the rest of the sectors the minimum rate was located at 66.5%. Additionally, in the context of volatility in the public debt market, which became evident as of June, the Argentine Central Bank began to offer financial institutions a put option on the National Government Securities awarded from July 2022 and that expire before December 31, 2023. This measure seeks to reduce the volatility of the prices of Treasury instruments and provide entities with new tools to manage their liquidity. The financial sector has significant exposure to the Argentine public sector, through rights, government securities, loans and other assets. |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Events After Reporting Period [abstract] | |
Subsequent Events | NOTE 54. SUBSEQUENT EVENTS Dividends On February 14, 2023 and March 28, 2023, Sudamericana Holding S.A. held an Extraordinaries Shareholders’ Meetings, at which shareholders approved the payment of a cash dividend in the amount of Ps. 700,000 and Ps.765,000, respectively. On February 13, 2023 and March 28, 2023 , Galicia Seguros S.A.U. held an Extraordinaries Shareholders’ Meetings, at which shareholders approved the payment of a cash dividend in the amount of Ps.689,000 and Ps.720,000, respectively. On March 28, 2023, Galicia Asset Management S.A.U. held an Ordinary Shareholders’ Meeting, at which shareholders approved the payment of a cash dividend in the amount of Ps.4,108,707. On March 28, 2023, Galicia Warrants S.A. held an Ordinary Shareholders’ Meeting, at which shareholders approved the payment of a cash dividend in the amount of Ps.150,000. On March 28, 2023, Galicia Broker Asesores de Seguros S.A. held an Ordinary Shareholders’ Meeting, at which shareholders approved the payment of a cash dividend in the amount of Ps.45,000. On April 17, 2023, Galicia Securities S.A.U. held an Ordinary Shareholders’ Meeting, at which shareholders approved the payment of a cash dividend in the amount of Ps.860,400. On April 17, 2023, Tarjeta Naranja S.A.U. held an Ordinary Shareholders’ Meeting, at which shareholders approved the payment of a cash dividend in the amount of Ps.5,000,000. Irrevocable Contributions On January 20, 2023 Banco de Galicia y Buenos Aires S.A.U. made a contribution to Play Digital S.A. for the sum of Ps.462,529. On January 30, 2023, Tarjetas Regionales S.A. made a contribution in favor of its subsidiary Naranja Digital Compañía Financiera S.A.U. for the sum of Ps.1,000,000. On February 07, 2023, Grupo Financiero Galicia S.A. made a contribution in favor of the subsidiary Agritech Investment LLC in the amount of Ps.300,000. On March 27, 2023, Tarjetas Regionales S.A. made a contribution in favor of the subsidiary Naranja Digital Compañía Financiera Financiera S.A.U. in the amount of Ps.1,000,000. Debt Securities On February 03, 2023, Tarjeta Naranja S.A.U. issued and placed Class LVII Debt Security. The aforementioned issuance was made for an amount of Ps.12,512,200, maturing 12 months from the issuance date. Interest will be accrued at Badlar rate plus a 4.50% margin, to be paid quarterly. Shareholders' meeting On March 29, 2023, an Ordinary Shareholders' Meeting of Banco de Galicia y Buenos Aires S.A.U. was held. At the aforementioned Meeting, among other items, it was resolved: • To distribute the unallocated results as follows: (i) to Legal Reserve the amount of Ps.10,090,059; (ii) to Optional Reserve for Future Profit Distributions the amount of Ps.40,360,235. • To set aside the amount of up to Ps.74,993,592 to be used for the Distribution of Cash Dividends for up to said amount, payable in 6 equal, monthly and consecutive installments, subject to the prior authorization of the Central Bank of the Argentine Republic. On April 12, 2023, an Ordinary Shareholders' Meeting of Naranja Digital Compañía Financiera S.A.U. was held. At the aforementioned Meeting, among other items, it was resolved: • Absorb the negative unallocated results through: (i) the use of the account corresponding to Adjustments to Irrevocable Contributions for the total amount of Ps.891,759; (ii) the use of Irrevocable Contributions for the total amount of Ps.2,482,390. On April 12, 2023, an Ordinary Shareholders' Meeting of Cobranzas Regionales S.A. was held. At the aforementioned Meeting, among other items, it was resolved: • Absorb the negative unallocated results through: (i) the use of the account corresponding to Adjustments to Irrevocable Contributions for the total amount of Ps.1,904,792; (ii) the use of Irrevocable Contributions for the total amount of Ps.2,054,334. |
Accounting Policies and Basis_2
Accounting Policies and Basis for Preparation (Policies) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of significant accounting policies [abstract] | |
BASIS FOR PREPARATION | BASIS FOR PREPARATION These consolidated financial statements have been prepared in accordance and in compliance with International Financial Reporting Standards (IFRS) issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretation Committee (IFRIC). All the IFRSs in force as of the date of preparation of these consolidated financial statements have been applied. In Argentina, the Group is subject to the provisions of Article 2, Section I, Chapter I of Title IV: Periodic Information Regime of the National Securities Commission (CNV) regulations and it is required to present its financial statements in accordance with the valuation and disclosure criteria set forth by the Argentine Central Bank. The Argentine Central Bank, through Communication “A” 5541 and its amendments, established a convergence plan towards the adoption of IFRS as issued by the IASB, and the interpretations issued by the IFRIC, for the entities under its supervision, effective for fiscal years commencing January 1, 2018, with certain exceptions. The Group has presented its local financial statements under these rules on March 7, 2023. Shareholders’ equity under the rules of the Argentine Central Bank is presented in Note 52.8. Management believes that these consolidated financial statements fairly present the Group’s financial position, financial performance and cash flows, in accordance with IFRS. The preparation of the consolidated financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Groups´ accounting policies. |
Going Concern | Going Concern As of the date of these consolidated financial statements, there are no uncertainties related to events or conditions that may cast significant doubt upon the Group´s ability to continue as a going concern. |
Measurement Unit | Measurement Unit IAS 29 “Financial Reporting in Hyperinflationary Economies” requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be restated in terms of the current measurement unit as of the reporting period-end, irrespective of whether they are based on the historical cost or the current cost method. Accordingly, in general terms, non-monetary items should be adjusted for inflation occurring since the acquisition date or since the revaluation date, as the case may be. These requirements are also applicable to the comparative information reported in the financial statements. According to IAS 29, monetary assets and liabilities are not required to be restated, for they are stated in the measurement unit as of the end of the reporting period. Assets and liabilities subject to adjustments based on specific agreements will be adjusted on the basis of such agreements. Non-monetary items measured at their fair values at the end of the reporting period, such as net realizable value or otherwise, will not be restated. The other non-monetary assets and liabilities will be restated by applying a general price index. The income (loss) from the net monetary position will be charged to net income for the reporting period in a separate item. In order to conclude whether a given economy qualifies as hyperinflationary pursuant to the terms of IAS 29, the standard sets forth certain factors that should be considered, including a three-year cumulative inflation rate reaching or exceeding 100%. The Group has applied IAS 29, Financial Reporting in hyperinflationary Economy |
New Accounting Standards\Changes in Accounting Policies | New Accounting Standards The Group has applied the following standards for the first time as of January 1, 2022: Amendment to IFRS 16 Leases: COVID-19-Related Rent Concessions Item The IASB provided relief to lessees (but not lessors) in the form of an practical expedient to assess whether a COVID-19 related rent concession is a lease modification. Tenants may choose to account for rent concessions in the same way as they would if they were not lease modifications. In many cases, this will result in the grant being accounted for as a variable lease payment. This simplification only applies to rental concessions that occur as a direct result of the COVID-19 pandemic. Lessees making use of the exemption will be required to disclose that fact, as well as the amount recognized in profit or loss arising from COVID-19-related rent concessions. If a lessee chooses to apply the practical expedient to a lease, it will apply it consistently to all leases with similar characteristics and in similar circumstances. The amendment will be applied retrospectively in accordance with IAS 8, but lessees are not required to restate prior period figures or provide disclosure in accordance with IAS 8 paragraph 28(f). Publication date May 2020, amendment March 31, 2021 Effective date June 30, 2022 Impact It does not have a significant impact on the Group's financial statements. Amendments to IFRS 3 Recognition and Measurement of identifiable assets acquired, liabilities assumed, and any non controlling interest the acquiree Item The amendment updates a reference in IFRS 3 to the Financial Reporting Conceptual Framework without changing the accounting requirements for business combinations. Publication date May 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Company's financial statements. Amendments to IFRS 16 Property, plant and equipment – Products obtained before their intended use. Item The amendments prohibit deducting from the cost of the asset the amounts received for sales produced while the company is preparing the asset for its intended use. Revenues from the sale of such products or samples, together with production costs, will be recognized in comprehensive income for the corresponding period. Publication date May 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Group's financial statements. Amendments to IAS 37 Contracts of an onerous nature – Cost of fulfilling a contract. Item The amendments prohibit deducting from the cost of the asset the amounts received for sales produced while the company is preparing the asset for its intended use. Revenues from the sale of such products or samples, together with production costs, will be recognized in comprehensive income for the corresponding period. Publication date May 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Group's financial statements. Annual improvements in IFRS 1 “First-time Adoption of IFRS”, IFRS 9 “Financial Instruments”, IAS 41 “Agriculture” and IFRS 16 “Leases.” Minor amendments to IFRS 1, IFRS 9 and IAS 41 and add accompanying illustrative examples to IFRS 16. IFRS 1: Specifies the information requirements for a subsidiary that adopts IFRS for the first time. IFRS 9: Specifies which commissions must be included in the “10%” test for the derecognition of financial liabilities. Item IAS 41: Taxes on fair value measurements. The requirement for entities to exclude taxable cash flows when measuring fair value was removed to align the requirements of IAS 41 on fair value measurement with IFRS 13 Fair Value Measurement. Publication date May 1, 2022 Effective date 1st. January 2022 Impact It does not have a significant impact on the Group's financial statements. (d) New accounting standards and amendments issued by the IASB that have not been adopted by the Group The new standards, amendments and interpretations published are detailed below; however, they have not yet come into force for fiscal years commenced January 1, 2022, and have not been early adopted by the Group: IFRS 17 “Insurance contracts.” Item It provides a comprehensive, principles-based framework for the measurement and presentation of all insurance contracts. The new standard will replace IFRS 4 “Insurance contracts” requires an entity to recognize the profit of a group of contracts throughout the period in which the entity provides the services, and as the entity is released from risk. If a group of contracts contains or becomes loss-producing, the entity is required to immediately recognize those losses. The standard also requires that income from insurance ordinary activities, insurance service expenses and insurance finance income or expenses be presented separately. Publication date May 2017, with modifications in June 2020 and December 2021. Effective date 1st. January 2023. Impact It is estimated that the application of this standard will not generate a significant impact on the Company's equity. Amendments to IAS 1 Presentation of Financial Statements, IFRS Practice Statement 2 and IAS 8 Accounting Standards, Changes in Accounting Estimates and Errors. Item The IASB amended IAS 1 Presentation of Financial Statements to require companies to disclose material accounting standards if its omission affects users' understanding of financial statements of other material information, rather than significant accounting standards. In support of this amendment, the Board also amended IFRS Practice Statement 2 Making Judgments Related to Materiality to provide guidance on how to apply the concept of materiality to accounting standard disclosures. Publication date February 2021 Effective date Fiscal year beginning on or after January 1, 2023. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. Amendments to IAS 12 - Deferred taxes related to assets and liabilities derived from a single transaction. Item These amendments require companies to recognize deferred taxes on transactions that, on initial recognition, give rise to equal amounts of taxable and deductible temporary differences. Publication date May 2021 Effective date Fiscal year beginning on or after January 1, 2023. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. Amendments to IFRS 16 - Leases with put and leaseback options. Item These amendments include requirements for sale-leaseback transactions in IFRS 16, to explain how an entity records a sale-leaseback after the transaction date. Sale-leaseback transactions, where some or all of the lease payments are variable lease payments that are not dependent on an index or rate, are more likely to be affected. Publication date September 2022 Effective date Fiscal year beginning on or after January 1, 2024. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. Amendments to IAS 1 - Presentation of financial statements on the classification of liabilities. Item The amendments to IAS 1 clarify that liabilities will be classified as current or non-current depending on the rights that exist at the end of the reporting period. This classification is not affected by the entity's expectations or events that occurred after the reporting date, it also clarifies what IAS 1 refers to when it refers to the “settlement” of a liability. Publication date November 2022 Effective date Fiscal year beginning on or after January 1, 2024. Impact It is estimated that the application of this standard does not have a significant impact on the Group's financial statements. |
CONSOLIDATION | CONSOLIDATIONSubsidiaries are those entities, including structured entities, where the Group is in control because (i) it has the power to direct relevant activities of the investee, which significantly affect its returns; (ii) it has exposure, or rights, to variable returns for its interest in the investee; and (iii) it has the ability to use its power over the investee to affect the amount of the investor’s returns. The existence and effect of the substantive rights, including potential voting rights, are considered when evaluating whether the Group has control over another entity. For a right to be substantive, the holder must have the practical ability to exercise it whenever necessary to make decisions on the direction of the relevant activities of the entity. The Group may be in control of an entity even when possessing less than the majority of the voting rights. Likewise, the protective rights of other investors, such as those related to substantive changes in the activities of the investee or applied only in exceptional circumstances, do not prevent the Group from having control over an investee. The subsidiaries are consolidated from the date the control is transferred to the Group, and they cease to be consolidated as of the date on which the control ceases. The subsidiaries which have been consolidated in these Consolidated Financial Statements are detailed in Note 15. For the purpose of consolidating its financial statements, the Group used the subsidiaries’ financial statements for the year ended December 31, 2022. The accounting policies applied by Sudamericana Holding SA. are established by the National Insurance Superintendency and have been adjusted to those applied by the Group in preparing its consolidated financial statements. Intercompany transactions, balances and unrealized gains on transactions between Group’s companies were eliminated. See Note 51. Non-controlling interest in the results and equity of consolidated subsidiaries are shown separately in the consolidated statement of income, consolidated statement of other comprehensive income, consolidated statement of changes in shareholder’s equity and consolidated statement of financial position, respectively. In accordance with the provisions of IFRS 3 “Business combinations”, the acquisition method is used to account for the acquisition of subsidiaries. The identifiable assets and liabilities acquired, and contingent liabilities assumed in a business combination are measured at their fair values on the acquisition date. Goodwill is measured as the excess of the aggregate of the consideration transferred, the amount of any non-controlling interest in the acquiree and, in a business combination achieved in stages, the fair value of the acquirer’s previously held equity interest in the acquiree; over the net of the acquisition date amounts of the identifiable assets acquired and the liabilities assumed. |
TRANSACTIONS WITH THE NON-CONTROLLING INTEREST | TRANSACTIONS WITH NON-CONTROLLING INTERESTThe Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized within equity attributable to owners of the Group. |
ASSOCIATES | ASSOCIATESAssociates are entities over which the Group has significant direct or indirect influence, but not control; generally, this implies holding between 20 and 50 percent of the voting rights. Investments in associates are accounted for using the equity method and are initially recognized at cost. The carrying amount of the associates includes the goodwill identified in the acquisition less the accumulated impairment losses, if any. Dividends received from associates reduce the carrying amount of the investment. Other changes subsequent to the acquisition of the Group’s interest in the net assets of an associate are recognized as follows: (i) the Group’s interest in the profits or losses of the associates is accounted under Share of Profit from Associates and Joint Ventures in the consolidated statement of income and (ii) the Group’s interest in other comprehensive income is recognized in the consolidated statement of other comprehensive income and presented separately. However, when the Group’s share in losses in an associate equal or exceeds its interest in it, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the associate. Unrealized profits on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associates; unrealized losses are also eliminated unless the transaction provides evidence of impairment in the transferred asset. |
SEGMENT REPORTING | SEGMENT REPORTING An operating segment is a component of an entity (a) that conducts business activities from which it can earn revenues and incur expenses (including revenues and expenses related to transactions with other components of the same entity); (b) whose operating income is regularly reviewed by the Group´s CODM (chief operating decision maker) to make decisions about the resources to be allocated to the segment and assess its performance; and (c) for which confidential financial information is available. Segment reporting is presented consistently with the internal reports submitted to the Board of Directors (CODM of the Group), which is responsible for making the Group’s strategic decisions, allocating resources and assessing the performance of the operating segments. |
FOREIGN CURRENCY TRANSLATION | FOREIGN CURRENCY TRANSLATION (a) Functional Currency and Presentation Currency The figures included in the consolidated financial statements of the Group´s entities are stated in their functional currency, that is, the currency used in the primary economic environment where it operates. The consolidated financial statements are stated in Argentine pesos (Ps.), which is the Group’s functional and presentation currency. See Note 1.1. (b) Transactions and Balances The transactions in foreign currency are translated into the functional currency using the exchange rate at the dates of the transactions. Profits and losses in foreign currency resulting from the settlement of these transactions and the translation of monetary assets and liabilities in foreign currency at closing exchange rate, are recognized under “Exchange rate differences on gold and foreign currency” in the statement of income, except when they are deferred in equity by transactions which qualify as cash flows hedges, if appropriate. Assets and liabilities in foreign currency are measured at the reference exchange rate of the US dollar defined by the Argentine Central Bank at the closing of operations on the last business day of each month. As of December 31, 2022, and December 31, 2021, balances in U.S. Dollars were translated at the reference exchange rate (Ps.177.1283 and Ps.102.75, respectively) established by the Argentine Central Bank. Foreign currencies other than the US dollar have been translated into this currency using exchange rates reported by the Argentine Central Bank. |
CASH AND DUE FROM BANKS | CASH AND DUE FROM BANKS The item Cash and Due from Banks includes the available cash and bank deposits freely available, which are short-term instruments with maturity less than three months from the origination date. The assets disclosed under cash and due from banks are accounted for at their amortized cost which approximates its fair value. |
FINANCIAL INSTRUMENTS | 1.8. FINANCIAL INSTRUMENTS Initial Recognition The Group recognizes a financial asset or liability in its consolidated financial statements, as appropriate, when it becomes part of the contractual clauses of the financial instrument. Purchases and sales are recognized at the trading date when the Group buys or sells the instruments. Upon initial recognition, the Group measures financial assets or liabilities at fair value, plus or less, for instruments not recognized at fair value through profit or loss, transaction costs that are directly attributable to the acquisition, such as fees and commissions. When the fair value differs from the cost value of the initial recognition, the Group recognizes the difference as follows: a. When the fair value is according to the market value of the financial asset or liability or is based on a valuation technique solely using market values, the difference is recognized as profit or loss, as appropriate. b. In other cases, the difference is deferred and the recognition over time of the profit and loss is individually determined. The difference is amortized over the life of the instrument until the fair value can be measured based on market values. Financial Assets a. Debt Securities The Group considers as debt securities those instruments considered financial liabilities for the issuer, such as loans, government and private securities and bonds. Classification As established by IFRS 9, the Group classifies financial assets according to how they are subsequently measured: at amortized cost, at fair value through other comprehensive income, or at fair value through profit or loss, based on: • the Group’s business model to manage financial assets; and • the characteristics of contractual cash flows of the financial asset. Business Model The Business Model refers to the way in which the Group manages a set of financial assets to reach a specific business objective. It represents the way the Group manages its financial instruments to generate cash flows. Business models that the Group can follow are listed below: • Hold the instruments to collect its contractual cash flows; • Hold the instruments in the portfolio to collect contractual cash flows and, in turn, sell them when deemed convenient; or; • Hold the instruments for trading. The Group’s Business Model does not depend on the intentions that it may have for an individual instrument. Therefore, this condition is not an instrument-by-instrument classification approach, but it is determined from a higher level of aggregation. The Group only reclassifies an instrument when, and only when, the business model for managing financial assets is modified. Such change is not expected to be frequent, and changes have not been recorded during this fiscal year. Characteristics of Contractual Cash Flows The Group assesses whether the cash flow of grouped instruments is not significantly different from the flow that would receive solely for interest and capital; otherwise, they shall be measured at fair value through profit or loss. Based on the foregoing, there are three categories of Financial Assets: (i) Financial assets measured at amortized cost: Financial assets are measured at amortized cost when: (a) the financial asset is held within a business model whose objective is to hold financial assets to collect contractual cash flows; and (b) the contractual conditions of the financial asset give rise, on specified dates, to cash flows that are solely payments of principal and interest on the outstanding principal amount. These financial instruments are initially recognized at fair value plus the incremental and directly attributable transaction costs and are subsequently measured at amortized cost. The amortized cost of a financial asset is equal to its acquisition cost less its accumulated amortization plus accrued interest (calculated according to the effective interest method), net of any impairment loss. (ii) Financial assets at fair value through other comprehensive income: Financial assets are measured at fair value through other comprehensive income when: (a) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and (b) the contractual conditions of the financial asset give rise, on specified dates, to cash flows which are solely payments of principal and interest on the outstanding amount. These instruments are initially recognized at their fair value plus the incremental and directly attributable transaction costs and are subsequently measured at fair value through other comprehensive income. Profits and losses arising from the changes in fair value are included in other comprehensive income within a separate equity component. Impairment losses or reversals, income for interest and exchange profits and losses are recognized through profit or loss. Upon its sale or disposal, the accumulated profit or loss previously recognized through other comprehensive income is reclassified to the statement of income. (iii) Financial assets at fair value through profit or loss: Financial assets at fair value through profit or loss comprise: • Instruments held for trading; • Instruments specifically designated at fair value through profit or loss; and • Instruments whose contractual terms do not represent cash flows that are solely payments of principal and interest on the outstanding amount. These financial instruments are initially recognized at fair value and any gain o loss is recognized in the statement of income as they are realized. The Group classifies a financial instrument as held for trading if it is acquired or incurred for the main purpose of selling or repurchasing it in the short term, or if it is part of a portfolio of financial instruments that are jointly managed and for which there is evidence of short-term earnings, or is a derivative financial instrument not designated as a hedging instrument. Derivative instruments and held-for-trading securities are classified as held for trading and measured at fair value. b. Equity Instruments Equity instruments are so considered by its issuer; this means that they are instruments which do not contemplate a contractual obligation to pay cash, and which evidence a residual interest on the issuer’s asset after deducting its entire liabilities. Such instruments are measured at fair value through profit or loss, except when, at the time of the initial recognition, the irrevocable option had been exercised to measure them at fair value through Other Comprehensive Income. This method is only applicable when the instruments are not held for trading and income shall be accounted in other comprehensive income with no reclassification to profit or loss, even when they are realized. Dividends receivable arising from such instruments shall be recognized through profit or loss solely when the Group is entitled to collect the payment. Financial Liabilities Classification The Group classifies their financial liabilities at amortized cost, using the effective interest rate method, except for: • Financial liabilities measured at fair value through profit or loss, including derivative financial instruments. • Liabilities arising from the transfer of financial assets not complying with the derecognition criteria. • Financial guarantee contracts. • Loan commitments at a lower than market rate. Financial liabilities measured at fair value through profit or loss: the Group may choose to use, at the beginning, the irrevocable option to designate a liability at fair value through profit or loss, if, and only if, in doing so, it reflects a better measurement of financial information because: • the Group eliminates or significantly reduces measurement or recognition inconsistency which would otherwise be exposed in the valuation; • if financial assets and liabilities are managed and their performance is assessed on a fair value basis, according to a documented investment or risk management strategy; or • a host contract contains one or more embedded derivative instruments, and the Group has opted for designating the entire contract at fair value through profit or loss. Financial guarantee contracts: Financial guarantee contracts are those contracts requiring the issuer to make specific payments to reimburse the holder for the loss incurred when a specific debtor does not comply with its payment obligation on maturity, in accordance with the original or amended terms of a debt instrument. Financial guarantee contracts are initially measured at fair value, and subsequently measured at the higher of the amount of the loss allowance and the amount initially recognized less, when appropriate, the cumulative amount of income recognized. Derecognition of Financial Instruments Financial Assets A financial asset or, where applicable, a part of a financial asset or a part of a group of similar financial assets, is derecognized when: (i) the rights to receive cash flows from the asset have expired; or (ii) the Group has transferred its rights to receive cash flows from the asset, or has assumed an obligation to pay all of the cash flows received immediately to a third party under a pass-through agreement; and all the risks and rewards of the asset have also been substantially transferred, or, in case all the risks and rewards of the asset had not been substantially transferred or retained, the control of the asset has been transferred. When the contractual rights of receiving the cash flows generated by the asset have been transferred, or a transfer agreement has been executed, the entity assesses if it has retained, and to what extent, the risks and awards inherent in asset ownership. When substantially all the risks and rewards inherent in asset ownership have not been transferred or retained, nor has control of the asset been transferred, the asset continues to be recognized to the extent of its continued involvement over it. In this case, the related liability is also recognized. The transferred asset and the related liability are measured in such a way so as to reflect the rights and obligations that the Group had retained. A continuing involvement that takes the form of a collateral on the transferred asset is measured as the smallest amount between (i) the original carrying amount of the asset, and (ii) the maximum amount of consideration received that would be required to be returned. Financial Liabilities: |
DERIVATIVE FINANCIAL INSTRUMENTS | DERIVATIVE FINANCIAL INSTRUMENTS Derivative Financial instruments, including foreign currency contracts, futures, forward contracts, interest rate swaps, cross currency swaps, interest rate options and foreign currency options are recorder at their fair value. All derivative financial instruments are recorder as assets when the fair value is positive and as liabilities when the fair value is negative, against the agreed price. The changes in the fair value of derivative financial instruments are recognized in profit or loss. In these consolidated financial statements, the Group has not applied hedge accounting. |
REPURCHASE TRANSACTIONS | REPURCHASE TRANSACTIONS Reverse Repurchase Transactions According to the derecognition principles in IFRS 9, these transactions are considered as secured borrowings, since the risk has not been transferred to the counterpart. Financing granted through reverse repurchase transactions are recorded under “Repurchase Transactions” accounts, classified by counterparty and considering the asset received as collateral. At the closing of each month, accrued interest receivable is imputed to the “Repurchase Transactions” account with offsetting entry in “Interest Income”. The underlying assets received for the reverse repurchase transactions will be recorded in Off-Balance Sheet Items. The assets received that have been sold by the Group are not deducted, but derecognized only when the repo transaction finishes, recording a liability in kind for the obligation to deliver the security sold. Repurchase Transactions Financing received through repurchase transactions are recorded under “Repurchase Transactions” accounts, classified by counterparty and considering the asset pledged as collateral. In these transactions, when the receiver of the underlying asset obtains the right to sell it or pledge it as collateral, this is reclassified to the “Financial Assets Pledged as Collateral” accounts. |
ALLOWANCES FOR LOAN LOSSES | ALLOWANCES FOR FINANCIAL INSTRUMENTS The Group assesses on a forward-looking basis the expected credit loss (“ECL”) associated with its debt instruments assets carried at amortized cost and FVOCI, together with the exposure arising from loan commitments and financial guarantee contracts. The Group recognizes a loss allowance for such losses at each reporting date. The measurement of ECL reflects: • An unbiased and probability-weighted amount is determined by evaluating a range of possible outcomes, • The time value of money, and • Reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions. |
LEASES | LEASES 1.12.1. Lease activities of the Group The Group is the lessee of various properties to be used in its ordinary course of business. Lease contracts are generally made for fixed periods, from 1 to 20 years, but in some cases, there may be price agreements for shorter periods with extension options. Lease terms are individually negotiated and contain a wide range of different terms and conditions. From January 1, 2019, leases are recognized as a right-of-use asset and a corresponding liability, on the date at which the leased asset is available for use by the Group. Assets and liabilities arising from a lease are initially measured on a present value basis. Lease liabilities include the net present value of the following lease payments: • fixed payments (including in-substance fixed payments), less any lease incentives receivable; • variable lease payments based on an index or a rate, initially measured using the index or rate on the initial date; • amounts expected to be payable by the lessee under residual value guarantees; • the exercise price of a purchase option if the lessee is reasonably certain to exercise that option; and • payments of penalties for terminating the lease, if the lease term reflects the lessee exercising that option. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. The lease payments are discounted using the interest rate implicit in the lease, if it can be determined; or otherwise, the Group’s incremental borrowing rate will be applied, which is the rate that the lessee would have to pay to borrow the necessary funds to obtain an asset of similar value to the right-of- use asset, in a similar economic environment with similar terms, security and conditions. Lease payments are allocated between principal and finance cost. The finance cost is charged to profit or loss over the lease period, to produce a constant, periodic interest rate on the remaining balance of the liability for each period. Right-of-use assets are measured at their cost, comprising the following: • the amount of the initial measurement of the lease liability; • any lease payment made on or before the initial date, less any lease incentives received; • any initial direct cost; and • restoration and dismantling costs. Right-of-use assets are depreciated over the shorter of the asset useful life and the lease term on a straight-line method. Payments related to short-term leases and leases of low-value assets are recognized on a straight-line basis as an expense in profit or loss. Short-term leases are leases with a lease term of 12 months or less that do not contain a bargain purchase option. Low-value assets are mainly small physical spaces to place equipment which are owned by the Bank. 1.12.2. Extension and Termination Options |
PROPERTY, PLANT AND EQUIPMENT | PROPERTY, PLANT AND EQUIPMENT Assets are measured at their acquisition or construction cost, net of accumulated depreciations and/or accumulated impairment losses, if any. The cost includes the expenses directly attributable to the acquisition or construction of the items. Property, Plant and Equipment acquired through business combinations were initially valued at the estimated fair value at the acquisition date. Subsequent costs are included in the value of the asset or are recognized as a separate asset, as appropriate, if and only if they are likely to generate future economic benefits for the Group, and its cost can be reasonably measured. When improvements are made to the asset, the carrying amount of the replaced asset is derecognized, the new asset being amortized for the remaining useful life. Repair and maintenance costs are recognized in the consolidated statement of income for the year in which they are incurred. The depreciation of these assets is calculated using the straight-line method to allocate their cost over, their estimated useful lives. If an asset includes significant components with different useful lives, they are recognized and depreciated as separate items. The residual values of Property, Plant and Equipment, the useful lives and the depreciation methods are reviewed and adjusted if necessary, at the closing date of each fiscal year, or when there is evidence of impairment. The book value of the Property, Plant and Equipment is immediately reduced to its recoverable amount when it is greater than the estimated recoverable value. |
INTANGIBLE ASSETS | INTANGIBLE ASSETS 1.14.1. Licenses Licenses acquired individually are initially valued at cost, while those acquired through business combinations are recognized at their estimated fair value at the acquisition date. At the closing date of these consolidated financial statements, intangible assets with a finite useful life are presented net of accumulated depreciation and/or accumulated impairment losses, if any. These assets are subject to impairment tests annually, or when there is evidence of impairment. The licenses acquired by the Group have been classified as intangible assets with a finite useful life, being amortized on a straight-line basis over the period of the license. Intangible assets with an indefinite useful life are the assets arising from contracts or other legal rights, that can be renewed without significant cost, and for which, based on an analysis of all relevant factors, there is no foreseeable limit of the period along which the asset is expected to generate net cash flows for the Group. These intangible assets are not amortized, but are subject to impairment tests, annually or when there is evidence of impairment, either individually or at the level of the cash generating unit. The determination of the indefinite useful life is annually reviewed to confirm if it continues being applicable. 1.14.2. Software The costs related to software maintenance are recognized as expense when incurred. The development, acquisition and implementation costs that are directly attributable to software design and testing, identifiable and monitored by the Group, are recognized as assets. |
ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS | ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS 1.15.1. Assets Held for Sale The assets, or group of assets, classified as available for sale in accordance with the provisions of IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations,” will be disclosed separately from the rest of the assets. Non-current assets or disposal groups (including the loss of control over a subsidiary) are classified as held for sale if their carrying amount will be recovered principally through a sale transaction rather than through continuing use and a sale is considered highly probable. In order for an asset to be classified as held for sale, it must meet the following conditions: • it must be available for immediate sale in its current condition; • Management must be committed to a plan to sell the asset and must have initiated an active program to locate a buyer and complete the plan; • the asset must be actively marketed for sale at a reasonable price in relation to its current fair value; • the sale is expected to be completed within 12 months from its reclassification date; and • it is unlikely that the plan will be significantly changed or withdrawn. The assets, or groups of assets, classified as held for sale in accordance with the provisions of IFRS 5 “Non-current Assets Held for Sale and Discontinued Operations”, are measured at the lower of their carrying amount and fair value less costs to sell and are restated in accordance with Note 22. Non-current assets (including those that are part of a disposal group) are not depreciated or amortized while they are classified as held for sale 1.15.2. Discontinued Operations A discontinued operation is a component of the Group that has been disposed of, or that has been classified as held for sale, and complies with any of the following conditions: • it represents line of business or a geographical area, which is significant and can be considered as separated from the rest; • it is part of a single coordinated plan to have a business line, or geographical area of the operations which is significant and can be considered as separated from the rest; or • it is an independent entity exclusively acquired to resell it. |
IMPAIRMENT OF NON-FINANCIAL ASSETS | IMPAIRMENT OF NON-FINANCIAL ASSETS Assets with indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or, at least, on an annual basis. Depreciation and impairment losses are recognized when the carrying amount exceeds their recoverable value. The recoverable value of assets is the greater of the net amount that it would obtain from its sale, or its value in use. For the impairment tests, the assets are grouped at the lowest level where they generate identifiable cash flows (cash generating units). The carrying amount of non-financial assets other than goodwill over which depreciation and impairment have been recorded, are reviewed at each reporting date for verifying possible depreciation and impairment reversals. |
TRUST ASSETS | TRUST ASSETS The assets held by the Group in its trustee role are not reported in the consolidated statement of financial position, because the Group is not in control of the trust or the risks and rewards of the underlying assets. Fees received from trust activities are recorded in Fee Income. |
OFFSETTING | OFFSETTING Financial assets and liabilities are offset by reporting the net amount in the Consolidated Statement of Financial Position only when there is a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. |
FINANCING RECEIVED FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONS | FINANCING RECEIVED FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONSThe amounts owed to other Financial Institutions are recorded at the time the principal is disbursed to the Group. Non-derivative financial liabilities are measured at amortized cost. If the Group repurchases its own debt, this is eliminated from the consolidated financial statements, and the difference between the residual value of the financial liability and the amount paid is recognized as a financial income or expense. |
PROVISIONS AND CONTINGENCIES | PROVISIONS AND CONTINGENCIES In accordance with IFRS a provision will be recognized when: a. an Entity has a current obligation (either legal or implicit) as a consequence of a past event; b. it is probable that an outflow of resources embodying future economic benefits will be required to settle the obligation; and c. the amount can be reliably estimated. It will be understood that the Group has an implicit obligation if (a) as a result of previous practices or public policies, the Group has assumed certain liabilities; and (b) as a result, it has created expectations that it will comply with those obligations. The Group recognizes the following provisions: • For labor, civil, and commercial lawsuits: provisions are determined based on the lawyers’ reports on the status of the lawsuits and the estimate made on the bankruptcy possibilities to be faced by the Group, as well as on past experience regarding this type of lawsuits. • For miscellaneous risks: provisions are set up to face contingent situations that may give rise to obligations for the Group. When estimating the amounts, the probability of their materializing is taken into account, considering the opinion of the Group’s legal advisors and professionals. The amount recognized as provision must be the best estimate of the disbursement needed to cancel such obligation, at the end of the year being reported. When the financial effect produced by the discount becomes important, the amount of the provision must be the present value of the disbursements that are expected to be required to cancel the obligation by using a pre-tax interest rate that reflects the current market conditions on the value of money and the specific risks for such obligation. The increase in the provision for the lapsing of time would be recognized in the Net Financial Income item of the Statement of Income. The Group will not record the positive contingencies, except those arising from deferred taxes and those which materialization is virtually certain. |
OTHER NON-FINANCIAL LIABILITIES | OTHER NON-FINANCIAL LIABILITIES Non-financial accounts payable are accrued when the counterparty has complied its contractual obligations under the contract, and they are measured at amortized cost. |
DEBT SECURITIES AND SUBORDINATED DEBT SECURITIES | DEBT SECURITIES AND SUBORDINATED DEBT SECURITIES The Group’s Debt Securities and Subordinated Debt Securities are measured at amortized cost. If the Group purchases debt securities of their own, the obligation in Liabilities related to such debt securities is considered extinguished, and, therefore, it is derecognized. If the Group repurchases its own debt, this is eliminated from the Consolidated Financial Statements, and the difference between the residual value of the financial liability and the amount paid is recognized as a financial income or expense. |
ASSETS AND LIABILITIES ARISING FROM INSURANCE CONTRACTS | ASSETS AND LIABILITIES ARISING FROM INSURANCE CONTRACTS The valuation and recording of assets and liabilities arising from the Group’s insurance contracts is performed pursuant to the IFRS 4 “Insurance Contracts” criteria. Assets for Insurance Contracts Insurance contracts are contracts where the Group (the insurer) has accepted an insurance risk from another party (the insured) by agreeing to compensate the insured if a specified uncertain future event (the insured event) adversely affects the insured. Once a contract has been classified as an insurance contract, it remains an insurance contract for the rest of its useful life, even if the insurance risk is significantly reduced during this period, unless all rights and obligations are extinguished or expire. The insurance contracts offered by the Group include property insurance that covers fire, combined family insurance, theft and similar risks, property damage, personal accidents, among other risks. Life insurance and Retirement insurance contracts are also included. Total premiums are recognized as of the policy issuance date as an account receivable. At the same time, a reserve is recorded in Liabilities for unearned premiums representing premiums for risks that have not yet expired. The unearned premiums are recognized as Income for the contract period, which is also the coverage and risk period. The book value of insurance accounts receivable is reviewed for impairment if events or circumstances indicate that the book value may not be recoverable. Impairment loss is recorded in the Statement of Income. Liabilities Recognized for the Insurance Business Debts with Insured Persons Reserves for Insurance claims represent debts with insured persons for claims reported to the company, and an estimate of the claims that have already been incurred but have not yet been reported to the company. Reported claims are adjusted based on technical reports received from independent appraisers. Debts with Reinsurers and Co-insurers The Group mitigates the risk for some of its insurance business through coinsurance or reinsurance contracts in other companies. For coinsurance, the Company associates with another company to cover a risk, by assuming only a percentage of it and, therefore, also of the premium. For reinsurance, the risk is transferred to another insurance company both in proportional (as a risk percentage) and non-proportional form (the excess of loss above a certain limit is covered). The transferred reinsurance agreements do not exempt the Group from its obligations with the insured persons. Coinsurance and reinsurance liabilities represent balances owed under the same conditions, and the amounts payable are estimated in a manner consistent with the contract that gave rise to them. Debts with Producers They represent liabilities with insurance producers and independent agents arising from the commissions for the insurance transactions they bring for the Group’s companies. The checking account balances with such entities are also included. Technical Commitments Technical reserves include reserves for future benefit obligations under life, annuity and accident insurance policies, and reserves for retirement insurance contracts. |
SHAREHOLDERS' EQUITY | SHAREHOLDERS’ EQUITYShareholders’ equity accounts are restated in accordance with Note 1.1.b., except for the item “Capital Stock”, which is carried at face value. The restatement adjustment is included in “Equity Adjustments”. Ordinary shares are classified in Shareholders’ Equity and remain recorded at their nominal value. When any company forming part of the Group buys Company shares (treasury shares in portfolio), the payment made, including any costs directly attributable to the transaction (net of taxes) is deducted from the Shareholders’ Equity until the shares are canceled or sold. |
PROFIT RESERVES | PROFIT RESERVES According to Art. 70 of the General Companies Act, the Company and its subsidiaries, except Banco Galicia and Naranja Digital Compañía Financiera S.A.U., must transfer to Legal Reserve 5% of the profit for the year, until said reserve reaches 20% of the capital stock plus the balance of the Equity Adjustment account. Regarding Banco Galicia and Naranja Digital Compañía Financiera S.A.U., in accordance with the regulations established by the Argentine Central Bank, it is required to allocate to Legal Reserve 20% of the profits for the year, net of the eventual adjustments of previous fiscal years, if applicable. However, for the allocation of Other Reserves, the Financial Institutions must comply with the Argentine Central Bank provisions of the Amended Text on income distribution detailed in Note 52. |
DIVIDENDS DISTRIBUTION | DIVIDENDS DISTRIBUTION The dividends distribution to the Group’s shareholders is recognized as a liability in the consolidated financial statements in the year in which the dividends are approved by the Group’s shareholders. |
REVENUE RECOGNITION | REVENUE RECOGNITION Financial income and expenses are recorded for all debt instruments according to the effective interest rate method, by which all gains and losses that are an integral part of the effective interest rate of the transaction are deferred. The income included in the effective interest rate includes disbursements or income related to the creation or acquisition of a financial asset or liability, such as, for example, the preparation and processing of the documents necessary to conclude the transaction and the compensation received by the granting of credit agreements. The Group records all its non-derivative financial liabilities at amortized cost, except those included in the item “Liabilities at Fair Value through Profit or Loss” which are measured at fair value. Fees received by the Group for the origination of syndicated loans are not part of the effective interest rate of the product and are recognized in the statement of income at the time the service is provided, to the extent the Group does not retain part of it, or this is maintained in the same conditions as the rest of the participants. Commissions and fees earned by the Group on negotiations in third parties’ transactions are not part of the effective interest rate either, and are recognized at the time the transactions are executed. IFRS 15 establishes the principles that an entity shall apply to recognize revenue and cash flows from contracts with customers. The amount that should be recognized will be the amount that reflects the consideration to which the entity expects to be entitled in exchange for the services delivered to customers. The Group’s income from services is recognized in the statement of income to the extent the performance obligations are complied with, thus deferring those revenues related to customer loyalty programs, which are provisioned based on the fair value of each point and its redemption rate, until they are exchanged by the customer and can be recognized in the income for the year. Retail product and service fees related to savings and checking account operations have a monthly charging frequency; safe deposit boxes fees are charged quarterly; renewal of credit cards is charged annually, and bond and shares transactions are charged at the time the transactions are executed. Additionally, fees for wholesale products corresponding to maintenance of accounts, deposits and withdrawals between entities, are charged on a monthly basis; foreign trade transactions are charged at the time the transactions are executed. Below is a summary of the main commissions earned by the Bank: Commissions Earning Frequency Retail Products and Services Savings Accounts Monthly Checking Accounts Monthly Credit-card Renewal Annual Safe Deposit Boxes Quarterly Bonds and Shares Transactions On each transaction Wholesale Products Account Maintenance Monthly Deposits and Withdrawals among Branches Monthly Foreign Trade Transactions On each transaction |
INCOME TAX | INCOME TAX The Income tax expense for the year comprises the current and the deferred taxes. Income tax is recognized in the statement of income, except when there are items that must be directly recognized in other comprehensive income. In this case, income tax liability related to such items is also recognized in this Statement. The current income tax expense is calculated based on the tax laws enacted, or substantially enacted as of the date of the consolidated financial statements in the countries where the Group operates and generates taxable income. The Group periodically assesses the position assumed in tax returns as regards the situations in which tax laws are subject to interpretation. Likewise, when applicable, the Group sets up provisions on the amounts that it expects to be paid to tax authorities. Deferred income tax is determined by the liability method on the temporary differences arising from the carrying amount of assets and liabilities and their tax base. However, the deferred tax that arises from the initial recognition of an asset or a liability in a transaction not corresponding to a business combination, which at the time of the transaction does not affect neither the profit nor the accounting or taxable loss, is not recorded. Deferred tax is determined using tax rates (and legislation) that have been enacted as of the date of the financial statements and are expected to be applicable when the deferred tax assets are realized, or the deferred tax liabilities are settled. Deferred tax assets are recognized only to the extent future tax benefits are likely to arise against which the temporary differences might be offset. The Group recognizes a deferred tax liability for taxable temporary differences related to investments in subsidiaries and affiliates, unless the following two conditions are met: (i) the Group controls the timing on which temporary differences will be reversed, and. (ii) such temporary differences are not likely to be reversed in the foreseeable future. |
EARNINGS PER SHARE | EARNINGS PER SHARE Basic earnings per share is calculated by dividing the income attributable to parent company’s owners by the weighted average number of ordinary shares outstanding during the financial year. Diluted earnings per share is calculated by adjusting the figures used in the determination of basic earnings per share assuming the conversion of all dilutive potential ordinary shares. |
FAIR VALUE OF LEVEL 3 FINANCIAL INSTRUMENTS | FAIR VALUE OF LEVEL 3 FINANCIAL INSTRUMENTS The fair value of financial instruments classified as level 3 are not listed in active markets and is therefore determined by using valuation techniques. The valuation of level 3 financial instruments involves one or more inputs which are unobservable and significant to their fair value measurement. The Group uses valuation models and unobservable inputs, including projected cash flows, discount rates and volatilities and correlations relating to interest rates and spreads, to estimate the fair value of level 3 financial instruments. These valuation techniques require management to make significant estimates and judgments. |
VALUATION OF EXPECTED CREDIT LOSS ALLOWANCE | VALUATION OF EXPECTED CREDIT LOSS ALLOWANCE The Group records the allowance for loan losses under the expected credit losses (ECL) method included in IFRS 9. The most significant judgments of the model relate to making assumptions about macroeconomic scenarios to determine the forward looking factor. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors. |
IMPAIRMENT OF NON-FINANCIAL ASSETS | IMPAIRMENT OF NON-FINANCIAL ASSETS Intangible assets with finite useful lives and property, plant and equipment are amortized or depreciated on a straight-line basis during their estimated useful life. The Group monitors the conditions related to these assets to determine whether the events and circumstances require a review of the remaining amortization or depreciation term, and whether there are factors or circumstances indicating impairment in the value of the assets that cannot be recovered. The Group has applied judgment to identify impairment indicators for property, plant and equipment and intangible assets. The Group has concluded that there were no impairment indicators for any of the years reported in its consolidated financial statements. |
INCOME TAX AND DEFERRED TAX | INCOME TAX AND DEFERRED TAX Significant judgment is required when determining current and deferred tax assets and liabilities. The current income tax is accounted according to the amounts expected to be paid; while deferred income tax is accounted on the basis of temporary differences between carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of their reversal. A deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on Management’s assumptions about the amounts and timing of such future taxable income. Actual results may differ from these estimates, for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts. |
Accounting Policies and Basis_3
Accounting Policies and Basis for Preparation (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of significant accounting policies [abstract] | |
Summary of Main Commissions Earned by the Bank | Below is a summary of the main commissions earned by the Bank: Commissions Earning Frequency Retail Products and Services Savings Accounts Monthly Checking Accounts Monthly Credit-card Renewal Annual Safe Deposit Boxes Quarterly Bonds and Shares Transactions On each transaction Wholesale Products Account Maintenance Monthly Deposits and Withdrawals among Branches Monthly Foreign Trade Transactions On each transaction |
Financial Instruments (Tables)
Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial instruments [Abstract] | |
Schedule of Portfolios of Financial Instruments | As of the indicated dates, the Group maintains the following portfolios of financial instruments: Portfolio of Instruments as of 12.31.22 Fair Value Amortized Cost Fair Value Assets Cash and Due from Banks — 447,544,202 — Argentine Central Bank’s Bills (*) 720,162,015 34,707,901 — Government Securities (*) 70,855,902 — — Corporate Securities (*) 1,252,406 — — Derivative Financial Instruments 3,327,780 — — Repurchase Transactions — 115,523,908 — Other Financial Assets 10,559,086 45,012,228 — Loans and Other Financing — 1,243,616,465 — Other Debt Securities (*) — 328,275,681 3,691,391 Financial Assets Pledged as Collateral 726,983 151,375,750 — Investments in Equity Instruments 2,239,039 — — Liabilities Deposits — 2,141,977,734 — Liabilities at fair value through profit or loss 78,223 — — Derivative Financial Instruments 1,694,114 — — Other Financial Liabilities — 348,779,269 — Financing Received from the Argentine Central Bank and Other Financial Institutions — 37,438,244 — Debt Securities — 67,303,327 — Subordinated Debt Securities — 45,405,004 — (*) Recorded in Debt Securities at fair value trough profit or loss, except for Argentine Central Bank´s Bills at amortized cost that are recorded in Other debt securities. Portfolio of Instruments as of 12.31.21 Fair Value Amortized Cost Fair Value Assets Cash and Due from Banks — 462,491,302 — Argentine Central Bank’s Bills (*) 353,680,977 — — Government Securities (*) 101,105,881 — — Corporate Securities (*) 4,802,135 — — Derivative Financial Instruments 2,429,223 — — Repurchase Transactions — 395,830,377 — Other Financial Assets 19,556,018 25,970,900 — Loans and Other Financing — 1,450,106,105 — Other Debt Securities — 175,560,434 8,240,568 Financial Assets Pledged as Collateral 23,423,855 45,212,824 — Investments in Equity Instruments 2,438,682 — — Liabilities Deposits — 2,017,874,559 — Liabilities at fair value through profit or loss 147,408 — — Derivative Financial Instruments 1,387,179 — — Repurchase Transactions — 631,362 — Other Financial Liabilities — 381,231,576 — Financing Received from the Argentine Central Bank and Other Financial Institutions — 46,186,834 — Debt Securities — 54,487,112 — Subordinated Debt Securities — 51,182,953 — (*) Recorded in Debt Securities at fair value trough profit or loss. |
Fair Values (Tables)
Fair Values (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of fair value measurement of assets [abstract] | |
Schedule of Financial Instruments Measured at Fair Value | The Group’s financial instruments measured at fair value at the end of the reporting period are detailed below: Portfolio of Instruments as of 12.31.22 Fair Value Fair Value Fair Value Assets Argentine Central Bank’s Bills and Notes — 720,162,015 — Government Securities 69,068,417 1,787,485 — Corporate Securities 453,514 174,174 624,718 Derivative Financial Instruments 615 3,327,165 — Other Debt Securities 930,395 2,760,996 — Other Financial Assets 10,559,086 — — Financial Assets Pledged as Collateral 726,983 — — Investments in Equity Instruments 108,651 — 2,130,388 Liabilities Liabilities at fair value through profit or loss (*) 78,223 — — Derivative Financial Instruments — 1,694,114 — Total 81,769,438 726,517,721 2,755,106 (*) They include the operations of obligations for operations with Government Securities of third parties. Portfolio of Instruments as of 12.31.21 Fair Value Fair Value Fair Value Assets Argentine Central Bank’s Bills and Notes — 353,680,977 — Government Securities 93,883,324 3,856,905 3,365,652 Corporate Securities 4,143,343 — 658,792 Derivative Financial Instruments — 2,429,223 — Other Debt Securities 8,240,568 — — Other Financial Assets 8,652,774 23,449 10,879,795 Financial Assets Pledged as Collateral 23,423,855 — — Investments in Equity Instruments 125,807 — 2,312,875 Liabilities Liabilities at fair value through profit or loss (*) 147,408 — — Derivative Financial Instruments — 1,387,179 — Total 138,322,263 358,603,375 17,217,114 (*) Include the operations of obligations for operations with Government Securities of third parties. |
Summary of Changes in Instruments Included in Fair Value Level 3 | The evolution of instruments included in Level 3 Fair Value is detailed below: Level 3 12.31.21 Transfers(*) Recognition Derecognition Income Inflation 12.31.22 Government Securities 3,365,652 (1,620,879) 1,382,326 (2,948,883) 1,206,396 (1,384,612) — Corporate Securities 658,792 556,102 1,653,591 (2,415,787) 262,045 (90,025) 624,718 Other Financial Assets 10,879,795 — — (5,585,306) — (5,294,489) — Investments in Equity Instruments 2,312,875 — — — 1,295,971 (1,478,458) 2,130,388 Total 17,217,114 (1,064,777) 3,035,917 (10,949,976) 2,764,412 (8,247,584) 2,755,106 (*) Include the movements of levels of financial instruments classified as fair value Level 3, as described above. Level 3 12.31.20 Transfers(*) Recognition Derecognition Income Inflation 12.31.21 Government Securities 590,305 1,404,019 4,680,943 (3,317,433) (80,191) 88,009 3,365,652 Corporate Securities 3,404,848 (225,656) 2,199,733 (1,420,235) 91,977 (3,391,875) 658,792 Derivative Financial Instruments 4,754,672 — — (3,150,006) — (1,604,666) — Other Financial Assets — — 10,879,795 — — — 10,879,795 Investments in Equity Instruments 16,103,430 824,263 — (9,959,113) 994,109 (5,649,814) 2,312,875 Total 24,853,255 2,002,626 17,760,471 (17,846,787) 1,005,895 (10,558,346) 17,217,114 (*) Include the movements of levels of financial instruments classified as fair value Level 3, as described above. |
Summary of Assets and Liabilities Recorded at Amortized Cost | The Group included below the fair value of the instruments not carried at fair value as of the year-end. Items of Assets/Liabilities as of 12.31.22 Book Value Fair Value Fair Value Fair Value Fair Value Assets Cash and Due from Banks 447,544,202 447,544,202 447,544,202 — — Repurchase Transactions 115,523,908 115,523,908 115,523,908 — — Loans and Other Financing 1,243,616,465 1,247,014,221 — — 1,247,014,221 Other Financial Assets 45,012,228 46,496,752 38,478,158 — 8,018,594 Other Debt Securities (*) 362,983,582 356,320,490 — — 356,320,490 Financial Assets Pledged as Collateral 151,375,750 151,375,750 151,375,750 — — Liabilities Deposits 2,141,977,734 2,141,929,186 — — 2,141,929,186 Financing Received from the Argentine Central Bank and Other Financial Institutions 37,438,244 37,039,118 — — 37,039,118 Debt Securities 67,303,327 65,892,468 59,513,193 — 6,379,275 Subordinated Debt Securities 45,405,004 44,678,601 — — 44,678,601 Other Financial Liabilities 348,779,269 348,490,234 — — 348,490,234 (*) Includes Argentine Central Bank´s Bills for the sum of Ps.34,707,901. Items of Assets/Liabilities as of 12.31.21 Book Value Fair Value Fair Value Fair Value Fair Value Assets Cash and Due from Banks 462,491,302 462,491,302 462,491,302 — — Repurchase Transactions 395,830,377 395,830,377 395,830,377 — — Loans and Other Financing 1,450,106,105 1,458,319,126 — — 1,458,319,126 Other Financial Assets 25,970,900 26,610,060 18,603,534 — 8,006,526 Other Debt Securities 175,560,434 175,560,434 — — 175,560,434 Financial Assets Pledged as Collateral 45,212,824 45,212,824 45,212,824 — — Liabilities Deposits 2,017,874,559 2,017,831,939 — — 2,017,831,939 Repurchase Transactions 631,362 631,362 — — 631,362 Financing Received from the Argentine Central Bank and Other Financial Institutions 46,186,834 45,921,192 — — 45,921,192 Debt Securities 54,487,112 53,720,467 45,062,144 — 8,658,323 Subordinated Debt Securities 51,182,953 50,526,872 — — 50,526,872 Other Financial Liabilities 381,231,576 380,891,640 — — 380,891,640 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Cash and cash equivalents [abstract] | |
Summary of Cash and Cash Equivalents | Cash and cash equivalents break down as follows: 12.31.22 12.31.21 12.31.20 Net cash and Due from Banks (1) 447,544,202 462,491,302 515,787,141 Argentine Central Bank’s Bills and Notes Maturing up to 90 Days (2) 720,162,015 353,680,977 377,306,075 Reverse repurchase Transactions Debtors (3) 115,082,496 394,499,497 178,890,224 Loans to Financial Institutions (3) 5,268,700 12,822,261 19,111,560 Overnight Placements in Foreign Banks (4) 25,191,169 10,939,346 4,886,190 Mutual Funds (5) 10,559,086 8,652,774 8,117,203 Time Deposits (3) 3,053,414 7,408,304 9,722,991 Total Cash and Cash Equivalents 1,326,861,082 1,250,494,461 1,113,821,384 (1) Net of Cash and Cash Equivalents for spot purchases or sales pending settlement. (2) Included within Repurchase transactions. (3) Included within Loans and Other Financing. (4) Included within Other financial assets. (5) Included within Debt Securities at Fair Value through Profit or Loss. The reconciliation of financing activities as of December 31, 2022, 2021 and 2020 is presented below: Item Balances at 31.12.21 Cash flow payments Cash flow receipts Other movements Balances at 31.12.22 Lease Liabilities 8,535,060 (2,675,287) — 1,815,726 7,675,499 Debt Securities 54,487,112 (40,139,963) 67,426,678 (14,470,500) 67,303,327 Subordinated Debt Securities 51,182,953 — — (5,777,949) 45,405,004 Financing Received from the Argentine Central Bank and Other Financial Institutions 46,186,834 (51,426,488) 75,039,162 (32,361,264) 37,438,244 Total 160,391,959 (94,241,738) 142,465,840 (50,793,987) 157,822,074 Item Balances at 31.12.20 Cash flow payments Cash flow receipts Other movements Balances at 31.12.21 Lease Liabilities 12,829,460 (3,381,869) — (912,531) 8,535,060 Debt Securities 50,201,358 (33,225,902) 46,521,453 (9,009,797) 54,487,112 Subordinated Debt Securities 63,666,624 — — (12,483,671) 51,182,953 Financing Received from the Argentine Central Bank and Other Financial Institutions 40,673,631 (34,570,938) 44,827,056 (4,742,915) 46,186,834 Total 167,371,073 (71,178,709) 91,348,509 (27,148,914) 160,391,959 Item Balances at 31.12.19 Cash flow payments Cash flow receipts Other movements Balances at 31.12.20 Lease Liabilities 12,829,461 (3,919,605) — 3,919,604 12,829,460 Debt Securities 117,047,039 (81,853,704) 34,483,183 (19,475,160) 50,201,358 Subordinated Debt Securities 62,041,180 — — 1,625,444 63,666,624 Financing Received from the Argentine Central Bank and Other Financial Institutions 90,959,742 (103,370,372) 57,427,529 (4,343,268) 40,673,631 Total 282,877,422 (189,143,681) 91,910,712 (18,273,380) 167,371,073 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [abstract] | |
Summary of Derivative Instrument Transactions | The amounts of transactions as of December 31, 2022, and 2021 are as follows: Underlying Asset Type of Settlement 12.31.22(*) 12.31.21(*) Currency Forward Transactions Purchases Foreign currency Daily difference 171,179,833 149,481,259 Sales Foreign currency Daily difference 133,683,779 112,475,076 Customers´ Purchases Foreign currency Daily difference 16,063,178 19,795,639 Customers´ Sales Foreign currency Daily difference 78,450,690 61,162,843 Repurchase Transactions Forward Purchases Government Securities With delivery of the underlying asset — 630,222 Forward Sales Government Securities With delivery of the underlying asset 126,196,373 398,928,496 Options Put options taken Government Securities With delivery of the underlying asset 250,818,157 — Put options taken Foreign currency With delivery of the underlying asset 37,280,188 — (*) Notional values. |
Repurchase Transactions (Tables
Repurchase Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of repurchase transactions [Abstract] | |
Summary of Repo Transactions and Reverse Repo Transactions | As of the indicated dates, the Group maintains the following repurchase transactions: 12.31.22 12.31.21 Debtors for Reserve Repurchase Transactions of Government Securities 115,082,496 394,499,497 Interest Accrued Receivable for Reserve Repurchase Transactions 441,412 1,330,880 Total Repurchase Transactions—Assets 115,523,908 395,830,377 12.31.22 12.31.21 Creditors for Repurchase Transactions of Government Securities — 628,950 Interest Accrued Payable for Repurchase Transactions — 2,412 Total Repurchase Transactions—Liabilities — 631,362 |
Summary of Repo Agreements in Financial Assets Pledged as Collateral and Reverse Repo Agreements in Off-Balance Sheet Items | The notional values of the assets transferred in repurchase transactions are presented in Note 7 and Schedule O. 12.31.22 12.31.21 Reverse Repurchase Transactions recorded in Off-Balance Sheet Items 115,082,633 398,928,496 Forward purchases for Repurchase transactions recorded in Financial Assets Pledged as Collateral — 630,222 |
Other Financial Assets (Tables)
Other Financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other financial assets [abstract] | |
Summary of Other Financial Assets | As of the indicated dates, the balances of “Other Financial Assets” were as follows: 12.31.22 12.31.21 Receivables from Spot Sales of Foreign Currency Pending Settlement 1,155,655 773,442 Receivables from Spot Sales of Government Securities Pending Settlement 22,933,099 6,771,638 Sundry Debtors 18,351,056 25,971,354 Mutual Funds 10,559,086 8,652,774 Premiums from financial guarantee contracts 485,652 582,282 Interest accrued receivable 2,277,032 2,836,694 Fiduciary Participation Certificates — 23,449 Balances from claims pending recovery 15,698 29,455 Others — 12,130 Minus: Allowances (205,964) (126,300) Total 55,571,314 45,526,918 |
Summary of Credit Rating Quality Analysis of Other Financial Assets | The credit rating quality analysis of Other Financial Assets as of December 31, 2022, was as follows: Debtors Debtors for Sundry Mutual Premiums Interest Balances Not yet due 1,155,655 22,933,099 18,343,954 10,559,086 485,652 2,277,032 15,698 Impaired/Uncollectible — — 7,102 — — — — Allowances — — (205,964) — — — — Total 1,155,655 22,933,099 18,145,092 10,559,086 485,652 2,277,032 15,698 |
Loans and Other Financing (Tabl
Loans and Other Financing (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of loans and other financing [abstract] | |
Summary of Net Loans and Other Financing | The composition of the Loans and Other Financing portfolio as of the indicated dates is detailed below: 12.31.22 12.31.21 Non-financial Public Sector 1,284,551 970 Argentine Central Bank 3,682 1,038 Financial Institutions 13,663,998 24,828,732 Loans 13,663,998 24,828,732 Non-financial Private Sector and Residents Abroad 1,297,659,004 1,517,448,418 Loans 1,273,553,568 1,491,883,521 Advances 66,463,313 103,537,876 Notes 310,595,276 378,817,542 Mortgage Loans 19,400,825 35,880,059 Pledge Loans 25,613,225 31,595,927 Personal Loans 113,819,719 128,361,773 Credit Card Loans 650,493,992 716,756,813 Other Loans 38,926,091 44,426,445 Accrued Interest, Adjustments and Quotation Differences Receivable 53,617,339 57,179,541 Documented Interest (5,376,212) (4,672,455) Financial Leases 3,478,221 2,170,791 Other Financing 20,627,215 23,394,106 Less: Allowances (68,994,770) (92,173,053) Total 1,243,616,465 1,450,106,105 |
Financial Assets Pledged as C_2
Financial Assets Pledged as Collateral (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of financial assets pledged as collateral [abstract] | |
Summary of Financial Assets Pledged as Collateral | The Financial Assets Pledged as Collateral valuated in accordance with their underlying asset for the years under analysis are detailed below: 12.31.22 12.31.21 Deposits as Collateral 100,545,620 31,936,307 Special Accounts as Collateral—Argentine Central Bank 40,580,067 36,070,150 Forward Purchases of monetary regulatory instruments 11,137,483 630,222 Less: Allowances (160,437) — Total 152,102,733 68,636,679 |
Current Income Tax Assets (Tabl
Current Income Tax Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Summary of Current Income Tax Assets | As of the indicated dates, the balances of Current Income Tax Assets correspond to: 12.31.22 12.31.21 Tax Advances 410,248 148,785 Total 410,248 148,785 |
Equity Investments in Subsidi_2
Equity Investments in Subsidiaries, Associates and Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of subsidiaries [abstract] | |
Summary of Equity Investments in Subsidiaries | The interest and shareholding percentages in companies over which the Group exerts control, and which are consolidated by the Group, are detailed below: Direct and Indirect Equity Investment Company 12.31.22 12.31.21 12.31.22 12.31.21 Agri Tech Investments Argentina S.A.U. 199,937 — 100.00 % — % Agri Tech Investments LLC 199,997,240 — 100.00 % — % Banco de Galicia y Buenos Aires S.A.U. 668,549,353 668,549,353 100.00 % 100.00 % Cobranzas Regionales S.A. 3,910,000 3,910,000 100.00 % 100.00 % Galicia Asset Management S.A.U. 20,000 20,000 100.00 % 100.00 % Galicia Broker Asesores de Seguros S.A. 71,308 71,309 99.99 % 99.99 % Galicia Retiro Compañía de Seguros S.A.U. 27,727,278 27,727,278 100.00 % 100.00 % Galicia Securities S.A.U. 95,392,000 95,392,000 100.00 % 100.00 % Galicia Seguros S.A.U. 1,830,887 1,830,883 100.00 % 100.00 % Galicia Warrants S.A. 1,000,000 1,000,000 100.00 % 100.00 % IGAM LLC 3,503,311,179 1,054,629,498 100.00 % 100.00 % INVIU S.A.U. 2,469,146 2,469,146 100.00 % 100.00 % INVIU Uruguay Agente de Valores S.A.U. 40,000,000 40,000,000 100.00 % 100.00 % Naranja Digital Compañía Financiera S.A.U. 1,712,567,500 1,012,567,500 100.00 % 100.00 % Ondara S.A. (liquidated) (*) — 25,776,101 — % 100.00 % Sudamericana Holding S.A. 185,653 185,653 100.00 % 100.00 % Tarjeta Naranja S.A.U. 2,824 2,824 100.00 % 100.00 % Tarjetas Regionales S.A. 1,756,704,458 1,756,704,458 100.00 % 100.00 % Well Assistance S.A.U. 100,000 — 100.00 % — % (*) It was liquidated in November 2022. Prior to its liquidation, it was consolidated. |
Summary of Balances of Subsidiaries, According to the IFRS-based Accounting Framework | The following are the balances of subsidiaries, according to IFRS as of the indicated dates: 12.31.22 Company Assets Liabilities Shareholders’ Net Income (Loss) (*) Agri Tech Investments Argentina S.A.U. 296,194 79,762 216,432 6,210 Agri Tech Investments LLC 216,499 — 216,499 6,216 Banco de Galicia y Buenos Aires S.A.U. 2,932,291,913 2,430,794,753 501,497,160 40,671,799 Cobranzas Regionales S.A. 4,046,562 820,996 3,225,566 (3,501,944) Galicia Asset Management S.A.U. 7,297,059 2,642,498 4,654,561 6,124,754 Galicia Broker Asesores de Seguros S.A. (**) 387,673 163,688 223,985 59,036 Galicia Retiro Compañía de Seguros S.A.U. (**) 1,207,605 980,607 226,998 48,755 Galicia Securities S.A.U. 5,292,091 3,283,461 2,008,630 1,439,482 Galicia Seguros S.A.U. (**) 11,773,217 7,184,143 4,589,074 2,434,613 Galicia Warrants S.A. 1,887,739 626,158 1,261,581 86,921 IGAM LLC 2,545,068 492 2,544,576 (2,513,422) INVIU S.A.U. 5,383,829 3,074,547 2,309,282 (2,408,315) INVIU Uruguay Agente de Valores S.A.U. 4,247,005 4,157,659 89,346 (77,468) Naranja Digital Compañía Financiera S.A.U. 32,306,077 28,807,683 3,498,394 (2,984,532) Sudamericana Holding S.A. (**) 5,251,647 14,180 5,237,467 2,466,679 Tarjeta Naranja S.A.U. 413,816,982 338,178,934 75,638,048 9,427,840 Tarjetas Regionales S.A. 85,428,050 7,343 85,420,707 1,098,345 Well Assistance S.A.U. 100,000 — 100,000 — ____________________ (*) Income attributable to the shareholders of the parent. (**) Net income for the twelve-month period ended December 31, 2022. 12.31.21 Company Assets Liabilities Shareholders’ Net Income (Loss) (*) Banco de Galicia y Buenos Aires S.A.U. 2,874,136,521 2,383,075,691 491,060,830 44,670,220 Cobranzas Regionales S.A. 8,727,298 5,926,086 2,801,212 (2,673,186) Galicia Asset Management S.A.U. 5,442,730 1,825,639 3,617,091 4,154,718 Galicia Broker Asesores de Seguros S.A. (**) 167,273 59,241 108,032 104,035 Galicia Retiro Compañía de Seguros S.A.U. (**) 1,347,947 1,074,232 273,715 (50,636) Galicia Securities S.A.U. 8,248,993 6,942,828 1,306,165 894,177 Galicia Seguros S.A.U. (**) 12,906,998 8,390,116 4,516,882 2,415,560 Galicia Warrants S.A. 1,987,896 612,623 1,375,273 25,191 IGAM LLC 1,315,372 561 1,314,811 (2,241,205) INVIU S.A.U. 3,499,594 2,525,129 974,465 (1,812,578) INVIU Uruguay Agente de Valores S.A.U. 148,481 8,236 140,245 (55,261) Naranja Digital Compañía Financiera S.A.U. 2,562,621 176,077 2,386,544 (1,715,976) Ondara S.A. (liquidated) (***) 66,489 27 66,462 (26,527) Sudamericana Holding S.A. (**) 5,343,233 21,965 5,321,268 2,333,182 Tarjeta Naranja S.A.U. 377,420,013 301,058,664 76,361,349 17,704,408 Tarjetas Regionales S.A. 87,291,816 10,449 87,281,367 12,122,798 ____________________ (*) Income attributable to the shareholders of the parent. (**) Net income for the twelve-month period ended December 31, 2021. (***) It was liquidated in November 2022. Prior to its liquidation, it was consolidated. |
Summary of investments in asociates | Company Equity Place of 12.31.22 12.31.21 Play Digital S.A. 13.61 % CABA 666,769 329,876 The movements of such investment are as follows: Company 12.31.21 Contributions (1) Purchase of Profit Sharing 12.31.22 Play Digital S.A. 329,876 750,396 27,001 (440,504) 666,769 (1) Banco Galicia has made new contributions after the closing. Company 12.31.20 Contributions Sales of Profit Sharing 12.31.21 Play Digital S.A. 262,098 407,369 (88,012) (251,579) 329,876 The basic information regarding Grupo Financiero Galicia’s associates is detailed as follows: Profit Sharing in income (loss) for the Year (*) Company Assets Liabilities Shareholders’ Net Income Play Digital S.A. 4,321,080 446,741 3,874,339 (2,875,476) |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Presentation of leases for lessee [abstract] | |
Summary of information about lease asset and liabilities | Amounts recognized in the Statement of Financial Position: 12.31.22 12.31.21 Right-of-use asset (1) 7,392,623 8,774,951 Real estate 7,392,623 8,774,951 Lease Liabilities (2) (7,675,499) (8,535,060) (1) Recorded in Property, Plant and Equipment. (2) Recorded in Other Financial Liabilities, see Note 25. |
Summary of information about income statement disclosures of leases | Amounts recognized in the Statement of Income: 12.31.22 12.31.21 Charge for depreciation of right-of-use assets (1)(2) (2,683,632) (3,945,172) Interest Expenses (3) (1,143,136) (1,033,047) Expenses related to short-term leases (4) (51,590) (486,155) Expenses related to low-value assets leases (4) (302,292) (458,539) Sublease Income (5) 4,343 4,344 (1) Depreciation for right of use of Real Property. (2) Recorded in Depreciation and Impairment of assets, see Note 39. (3) Recorded in Other Operating Expenses, Lease Interest, see Note 40. (4) Recorded in Administrative Expenses, see Note 38. (5) Recorded in Other Operating Income, see Note 34. |
Summary of quantitative information about right of use assets and lease liabilities | The roll forward of right -of-use assets and lease liabilities during the years 2022 and 2021 is as follows: Right-of-use assets 12.31.22 12.31.21 Balances at the beginning of the year 8,774,951 11,915,563 Additions 1,349,709 1,173,475 Cancellation of contracts (48,405) (368,915) Depreciation of the year (2,683,632) (3,945,172) Balances at the end of the year 7,392,623 8,774,951 Lease liabilities (1) 12.31.22 12.31.21 Balances at the beginning of the year 8,535,060 12,829,461 New contracts 1,349,709 1,173,475 Cancellation of contracts (48,405) (368,915) Lease payments (2,675,287) (3,381,869) Leases financial cost 1,143,136 1,033,047 Translation differences and inflation adjustment (628,714) (2,750,139) Balances at the end of the year 7,675,499 8,535,060 (1) Recorded in the item Other Financial Liabilities, see Note 25. |
Deferred Income Tax Assets_Li_2
Deferred Income Tax Assets/Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Deferred tax assets and liabilities [abstract] | |
Summary of Changes in Deferred Income Tax Assets and Liabilities | Changes in “Deferred Income Tax Assets and Liabilities” during the fiscal years ended December 31, 2022, and December 31, 2021, are as follows: Deferred Tax Assets Item 12.31.21 Charge to 12.31.22 Valuation of Securities — 156,266 156,266 Derivate Instruments 33,294 (33,294) — Loans and Other Financing 32,225,184 (11,956,131) 20,269,053 Tax Loss Carryforwards 1,744,754 361,746 2,106,500 Other Non-financial Assets 23,009 1,684,193 1,707,202 Other Financial Liabilities — 455,812 455,812 Provisions 506,669 4,658,874 5,165,543 Other Non-financial Liabilities 2,029,890 1,065,210 3,095,100 Foreign Currency Exchange Differences 27,935 (21,558) 6,377 Inflation adjustment deferral 12,559,153 (9,728,511) 2,830,642 Others 219,382 (184,654) 34,728 Totals 49,369,270 (13,542,047) 35,827,223 Net deferred tax assets in subsidiaries with net liability position (41,019,665) 12,444,154 (28,575,511) Deferred tax assets 8,349,605 (1,097,893) 7,251,712 Deferred Tax Liabilities Item 12.31.21 Charge to 12.31.22 Valuation of Securities (2,700,623) (6,872,763) (9,573,386) Derivate Instruments — (463,773) (463,773) Other Financial Assets (295,369) (277,445) (572,814) Property, Plant and Equipment (35,746,609) 21,289,995 (14,456,614) Intangible Assets (10,889,422) 1,306,420 (9,583,002) Other Non-financial Assets (418,844) 220,478 (198,366) Other Financial Liabilities (266,594) 266,594 — Debt Securities — (74,973) (74,973) Subordinated Debt Securities — (9,061) (9,061) Provisions (1,268,267) 1,268,267 — Other Non-financial Liabilities — (4,655) (4,655) Inflation adjustment deferral (11,066) 5,806 (5,260) Others (1,301) 1,301 — Totals (51,598,095) 16,656,191 (34,941,904) Net deferred tax liabilities in subsidiaries with net asset position 41,019,665 (12,444,154) 28,575,511 Deferred tax liabilities (10,578,430) 4,212,037 (6,366,393) Deferred Tax Assets Item 12.31.20 Charge to Others 12.31.21 Valuation of Securities 308 (308) — — Derivative Instruments — 33,294 — 33,294 Loans and other financing 33,040,056 (814,872) — 32,225,184 Tax Loss Carryforwards 919,676 825,078 — 1,744,754 Other Non-financial Assets 87,996 (64,987) — 23,009 Other Financial Liabilities 5,472 (5,472) — — Subordinated Debt Securities 20,771 (20,771) — — Provisions 2,315,141 (1,808,472) — 506,669 Other Non-financial Liabilities 1,200,759 829,131 — 2,029,890 Foreign Currency Exchange Differences — 27,935 — 27,935 Inflation adjustment deferral 34,161,804 (996,608) (20,606,043) 12,559,153 Others 634,286 (414,904) — 219,382 Totals 72,386,269 (2,410,956) (20,606,043) 49,369,270 Net deferred tax assets in subsidiaries with net liability position (45,299,012) 4,279,347 — (41,019,665) Deferred tax assets 27,087,257 1,868,391 (20,606,043) 8,349,605 The amount of Ps.20,606,043 exposed in “Others” correspond to the application of the tax inflation adjustment for fiscal year 2021 in Banco Galicia’s tax return filed for said fiscal year. Deferred Tax Liabilities Item 12.31.20 Charge to Others 12.31.21 Valuation of Securities (3,834,717) 1,134,094 — (2,700,623) Other Financial Assets (73,874) (221,495) — (295,369) Property, Plant and Equipment (33,309,265) (2,437,344) — (35,746,609) Intangible Assets (7,777,992) (3,111,430) — (10,889,422) Other Non-financial Assets (535,921) 117,077 — (418,844) Other Financial Liabilities (101,955) (164,639) — (266,594) Subordinated Debt Securities (47,171) 47,171 — — Provisions — (1,268,267) — (1,268,267) Other Non-financial Liabilities (1,200) 1,200 — — Foreign Currency Exchange Differences (7,129) 7,129 — — Inflation adjustment deferral (11,218) 152 — (11,066) Others (1,184) (117) — (1,301) Totals (45,701,626) (5,896,469) — (51,598,095) Net deferred tax liabilities in subsidiaries with net asset position 45,299,012 (4,279,347) — 41,019,665 Deferred tax liabilities (402,614) (10,175,816) — (10,578,430) |
Summary of Changes in Deferred Income Tax Assets and Liabilities | In addition, the expiration dates of tax loss carryforwards are as follows: Year of Generation Amount Year Due Deferred Tax Assets 2018 78,989 2023 23,697 2019 573,890 2024 172,167 2020 2,412,703 2025 723,812 2021 2,311,980 2026 809,193 2022 1,078,946 2027 377,631 6,456,508 2,106,500 |
Assets_Liabilities for Insura_2
Assets/Liabilities for Insurance Contracts (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of types of insurance contracts [abstract] | |
Assets Related to Insurance Contracts | Assets related to insurance contracts as of the indicated dates are detailed as follows: Assets from Insurance Contracts 12.31.22 12.31.21 Premiums Receivable 4,821,779 6,115,760 Credits with Reinsurers 14,951 34,782 Fees Receivables 95,365 29,385 Others 174 87,577 Total 4,932,269 6,267,504 |
Liabilities Related to Insurance Contracts | Liabilities related to insurance contracts as of the indicated dates are detailed as follows: Liabilities from Insurance Contracts 12.31.22 12.31.21 Debts with Insured Persons 1,105,279 1,584,325 Debts with Reinsurers 70,765 50,761 Debts with Co-insurers 1,463 2,063 Debts with Producers 894,824 1,149,997 Technical Commitments 2,857,681 3,396,104 Others 218,284 169,108 Pending Claims in charge of Reinsures (38,376) (137,230) Total 5,109,920 6,215,128 |
Summary of Debts with Insureds | Debts with Insured Persons 12.31.22 12.31.21 Property & Casualty Insurance 618,841 877,632 Direct Administrative Insurance 418,094 542,672 Direct Insurance in Lawsuits 14,184 18,050 Direct Insurance in Mediation 1,154 4,806 Settled Claims Payable 617 25,487 Pending Claims, Active Reinsurance and Retrocession 981 1,395 Claims Incurred but not Reported (IBNR) 183,811 285,222 Life Insurance 467,487 668,433 Direct Administrative Insurance 391,250 541,523 Direct Insurance in Lawsuits 9,276 40,836 Direct Insurance in Mediation 4,212 14,450 Settled Claims Payable 166 3,154 Pending Claims, Active Reinsurance and Retrocession 20,428 42,044 Claims Incurred but not Reported (IBNR) 42,155 26,426 Retirement Insurance 18,951 38,260 Annuities Payable in Arrears 231 242 Others 18,720 38,018 Total 1,105,279 1,584,325 |
Summary of Net Gross and Reinsurers Share for Amounts Arising from Insurance Contracts | Debt with Reinsurers and Coinsurance Current Reinstatement Minimum Deposit Deposits Unpaid Losses Total Debts with Reinsurers 181,274 — (110,509) — (38,376) 32,389 Debts with Co-insurers 1,463 — — — — 1,463 Total as of 12.31.22 182,737 — (110,509) — (38,376) 33,852 Total as of 12.31.21 165,339 — (112,514) — (137,230) (84,405) |
Summary of debts with producers | Debts with Producers 12.31.22 12.31.21 Checking Account—Producers 179,804 204,502 Fees for Premiums Receivable 711,183 920,708 Production Expenses Payable 3,837 24,787 Total 894,824 1,149,997 |
Summary of Technical Commitments | Technical Commitments 12.31.22 12.31.21 Ongoing and Similar Risk 1,623,342 1,997,324 Premiums and Surcharges 1,488,561 1,849,156 Premiums on Passive Reinsurance (14,264) (21,583) Active Reinsurance 145,820 169,484 Insufficient Premiums 3,225 267 Mathematical Reserves 1,234,339 1,398,780 Mathematical Reserves for Individual Life Insurance 399,016 437,137 Mathematical Reserves for Individual Retirement Insurance 293,708 307,349 Mathematical Reserves of Life Annuities 353,019 438,308 Provision for the Mathematical Reserve Recomposition 34 39 Fluctuation Funds 187,551 214,413 Others 1,011 1,534 Total 2,857,681 3,396,104 |
Summary of Assumption Used for Current Estimates of Future Cash Flows Derived from Insurance Contract | Insurance liabilities were recorded according to the liability adequacy test, using the current estimates of future cash flows derived from insurance contracts. The assumptions used are as follows: 12.31.22 12.31.21 Mortality Table GAM 94 GAM 94 Investment (Discount) Rate Products in US$: 4.84% annually Products in US$: 14.77% annually Products in Ps.: 108.46% annually Products in Ps.: 7.58% annually Life Insurance Reference Rate 75% of the projection of the BADLAR rate starting from 69.47% plus the correction according to Resolution 2020-321 of the Argentine Superintendency of Insurance. 75% of the projection of the BADLAR rate starting from 34.22% plus the correction according to Resolution 2020-321 of the Argentine Superintendency of Insurance. Administrative Expenses Ps.0.77 for voluntary retirement and Ps.4.75for annuities Ps.0.40 for voluntary retirement and Ps.2.88 for annuities |
Other Non-financial Assets (Tab
Other Non-financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Other Non Financial Assets [abstract] | |
Summary of Other Non-financial Assets | “Other Non-financial Assets” break down as follows: 12.31.22 12.31.21 Payments on behalf of third parties 1,890,308 1,735,212 Advances of fees to Directors and Syndics 10,284 13,392 Advances to Personnel 25,733 7,720 Tax Credits 6,053,586 2,688,802 Payments made in Advance 6,216,180 8,069,629 Advances for Purchase of Assets 4,356,287 1,911,733 Investment properties (*) 1,642,350 1,670,187 Other Sundry Assets Measured at Cost 3,625,228 3,319,687 Assets Taken in Defense of Credits 100,433 15,219 Others 1,250,185 824,547 Total 25,170,574 20,256,128 ____________________ (*) Changes in “Investment Properties” are detailed in Schedule F. |
Non-current Assets Held for S_2
Non-current Assets Held for Sale and Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Noncurrent Assets Held For Sale And Discontinued Operations [abstract] | |
Summary of Classification of Assets as Assets Held for Sale and Discontinued Operations | The Group has classified the following assets as “Assets Held for Sale and Discontinued Operations”: 12.31.22 12.31.21 Property, Plant and Equipment Real Estate 1,251 1,280 Total 1,251 1,280 |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of deposits [abstract] | |
Summary of Deposits | Deposits break down as follows as of the indicated dates: 12.31.22 12.31.21 In Pesos 1,766,150,175 1,631,577,979 Checking Accounts 294,749,579 466,787,323 Savings Accounts 560,336,808 465,304,051 Time Deposits 788,224,021 643,940,403 Time Deposits – UVA 37,367,825 30,078,384 Others 40,660,400 5,958,497 Interest and Adjustments 44,811,542 19,509,321 In Foreign Currency 375,827,559 386,296,580 Savings Accounts 310,307,348 314,644,903 Time Deposits 58,500,808 65,306,279 Others 6,918,371 6,214,561 Interest and Adjustments 101,032 130,837 Total 2,141,977,734 2,017,874,559 |
Other Financial Liabilities (Ta
Other Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Other Financial Liabilities [abstract] | |
Summary of Other Financial Liabilities | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 Creditors for Purchase to be Settled 24,406,126 60,142,118 Collections and Other Transactions on Behalf of Third Parties 25,366,665 29,090,423 Obligations for Purchase Financing 241,924,478 257,970,202 Creditors for Purchase of Foreign Currency to be Settled 20,047,542 5,937,596 Accrued Fees Payable 5,228,217 1,680,017 Sundry Items Subject to Minimum Cash 2,214,410 2,280,492 Sundry Items not Subject to Minimum Cash 10,989,606 14,711,091 Financial Liabilities for guarantees and sureties granted (financial guarantee contracts) 702,749 669,247 Cash or equivalents for purchases or cash sales to be settled 23,685 196,433 Lease Liabilities 7,675,499 8,535,060 Other Financial Liabilities 10,200,292 18,897 Total 348,779,269 381,231,576 |
Loans from the Argentine Cent_2
Loans from the Argentine Central Bank and Other Financial Institutions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Summary of Loans from the Argentina Central Bank and Other Financial Institutions | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 Argentine Central Bank Financing 98,832 82,448 Correspondents 1,933,464 6,756,918 Financing from Local Financial Institutions 29,984,607 33,336,630 Financing from Foreign Financial Institutions 3,650,058 673,505 Financing from International Financial Institutions 1,771,283 5,337,333 Total 37,438,244 46,186,834 |
Schedule of Credit Lines with Local and International Financial Institutions and Entities | The following table details the credit lines with local and international financial institutions and entities as of the indicated dates: Financial Institutions and/or Agencies Placement Date Currency Term(*) Rate(*) Maturity Amount as Local Institutions BICE Sundry Dates Ps. 1,423 days 24.30 Sundry Dates 1,085,928 BICE Sundry Dates US$ 1,729 days 8.80 Sundry Dates 1,163,515 Agreements with Banks (1) Sundry Dates Ps. 426 days 70.70 Sundry Dates 27,019,941 Call Taken 12.30.22 Ps. 3 days 21.80 01.21.23 715,223 Export Line 12.27.22 US$ 62 days 8.80 02.27.23 1,771,283 Argentine Central Bank 12.30.22 Ps. 3 days — 01.21.23 98,832 International Institutions Correspondents 12.30.22 US$ 3 days — 01.02.23 1,933,464 IFC Sundry Dates US$ 2,082 days 8.00 Sundry Dates 1,771,283 Pre-financing Sundry Dates US$ 182 days 8.10 Sundry Dates 1,878,775 Total 37,438,244 (*) Weighted average. (**) It includes principal and interest. (1) Relates to Naranja X’ credit lines. Financial Institutions and/or Agencies Placement Date Currency Term(*) Rate(*) Maturity Amount as Local Institutions BICE Sundry Dates Ps. 2080 days 39.5 Sundry Dates 928,875 BICE Sundry Dates US$ 1449 days 4.2 Sundry Dates 2,485,586 Agreements with Banks (1) Sundry Dates Ps. 364 days 41.6 Sundry Dates 28,753,410 Call Taken 12.30.21 Ps. 4 days 29.5 01.03.22 194,793 Call Taken 12.29.21 Ps. 7 days 30.0 01.03.22 973,966 Argentine Central Bank 12.30.21 Ps. 4 days — 01.03.22 82,448 International Institutions Correspondents 12.30.21 US$ 4 days — 01.03.22 6,756,918 IFC Sundry Dates US$ 1789 days 3.0 Sundry dates 5,337,333 Pre-financing Sundry Dates US$ 180 days 4.1 Sundry dates 673,505 Total 46,186,834 (*) Weighted average. (**) It includes principal and interest. |
Debt Securities (Tables)
Debt Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Unsubordinated Debt Securities Outstanding [Abstract] | |
Summary of Breakdown of the Global Programs for the Issuance of Debt Securities outstanding | The following is a breakdown of the Global Programs for the Issuance of Debt securities outstanding: Company Authorized Type of Debt Securities Program Approval Date CNV Approval Grupo Financiero Galicia S.A. US$ 100,000 Simple debt securities not convertible into shares 5 years 03.09.09 confirmed on 08.02.12 Resolution No. 16113 dated 04.29.09 and extended by Resolution No. 17343 dated 05.08.14 and Provision No. DI-2019-63-APN-GE#CNV dated 08.06.19. Authorization of Increase, Resolution No. 17,064 dated 04.25.13 Banco de Galicia y Buenos Aires S.A.U. US$ 2,100,000 Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. 5 years 04.28.05, 04.14.10, 04.29.15, 11.09.16 and 04.28.20 Resolution No. 15228 dated 11.04.05 and extended through Resolution No. 16454 dated 11.11.10 and Resolution No. 17883 dated 11.20.15 and Resolution No. DI-2020-53-APN-GE#CNV dated 11.24.20. Increase of the amount approved by Resolutions No. 17883 dated 11.20.15, No. 18081 dated 06.10.16, No. 18480 dated 01.26.17 and No. 19520 dated 05.17.18 Banco de Galicia y Buenos Aires S.A.U. US$ 2,100,000 Simple debt securities not convertible into shares — 04.25.19 Frequent Issuer Registration No. 11, granted by Resolution No. RESCFC-2019-2055-APN-DIR#CNV, dated 11/13/19 of CNV´s Board of Directors Tarjeta Naranja S.A.U. US$ 1,000,000 Simple debt securities, not convertible into shares 5 years 03.08.12 Resolution No. 15220 dated 07.14.05 and extended through Resolution No. 17676 dated 05.21.15 and No. DI2020-20-APNGE#CNV dated 03.18.20. Increase of the amount approved by Resolutions No. 15.361 dated 03.23.06, 15.785 dated 11.16.07, 16.571 dated 05.24.11, 16.822 dated 05.23.12 and 19.508 dated 05.10.18 |
Summary of Unsubordinated Debt Securities Outstanding Issued Under the Global Programs | The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2022, net of repurchases of Own Debt: Company Placement Currency Class Face Value Term Maturity Rate Book Banco de Galicia y Buenos Aires S.A.U. 09.12.22 Ps. XII 5,829,400 6 months 03.12.23 Badlar + —% 5,931,970 Tarjeta Naranja S.A.U. 05.13.21 Ps. XLIX Serie II 1,246,500 730 days 08.13.23 Badlar + 7.24% 1,780,394 Tarjeta Naranja S.A.U. 01.31.22 Ps. LI Serie I 2,715,058 365 days 01.31.23 Badlar + 3.99% 3,051,414 Tarjeta Naranja S.A.U. 01.31.22 Ps. LI Serie II 3,284,942 730 days 01.31.23 Badlar + 6.00% 3,640,545 Tarjeta Naranja S.A.U. 04.07.22 Ps. LIII Serie I 4,532,644 365 days 04.07.23 Badlar + 3.75% 5,279,564 Tarjeta Naranja S.A.U. 04.07.22 Ps. LIII Serie II 4,192,612 730 days 04.07.24 Badlar + 5.25% 4,817,767 Tarjeta Naranja S.A.U. 07.05.22 Ps. LIV Serie I 3,220,141 365 days 07.05.23 Badlar + 2.85% 3,771,036 Tarjeta Naranja S.A.U. 07.05.22 Ps. LIV Serie II 4,779,859 730 days 07.05.24 Badlar + 4.99% 5,468,838 Tarjeta Naranja S.A.U. 08.09.22 Ps. LV Serie I 6,968,538 270 days 05.09.23 Badlar + —% 6,763,376 Tarjeta Naranja S.A.U. 08.09.22 Ps. LV Serie II 10,141,234 548 days 02.09.24 Badlar + 3.00% 8,361,826 Tarjeta Naranja S.A.U. 11.04.22 Ps. LVII 8,437,300 365 days 11.04.23 Badlar + 4.50% 9,176,588 Tarjeta Naranja S.A.U. 04.04.21 US$ XLVII 8,500 742 days 04.28.23 7.00 % 1,524,768 Tarjeta Naranja S.A.U. 03.22.22 US$ LII 7,500 770 days 04.30.24 5.00 % 1,332,845 Total 60,900,931 (*) It includes principal and interest. On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the “Green Bond” which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year facility, with interest payable every six months. The Green Bond has a 36-month grace period in respect of the repayment of principal, followed by payments in 9 installments due every six months. As of December 31, 2022, the carrying amount of the Green Bond totals Ps.6,402,396, and it amounted to Ps.8,985,121 as of December 31, 2021. The Company has the following Unsubordinated Debt Securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2021, net of repurchases of Own Debt: Company Placement Currency Class Face Value Term Maturity Rate Book Banco de Galicia y Buenos Aires S.A.U. 08.19.21 Ps. IX 1,625,968 12 months 08.19.22 Badlar + 3.00% 3,252,764 Banco de Galicia y Buenos Aires S.A.U. 08.19.21 Ps. X 1,349,672 9 months 05.19.22 Fija 41.00% 2,072,483 Tarjeta Naranja S.A.U. 04.11.17 Ps. XXXVII 3,845,700 1826 days 04.11.22 Tasa mínima 15.00% / Badlar + 3.50% 2,602,729 Tarjeta Naranja S.A.U. 07.08.20 Ps. XLIV 3,574,897 549 days 01.08.22 Badlar + 4.00% 1,292,537 Tarjeta Naranja S.A.U. 12.18.20 Ps. XLV 3,057,000 365 days 12.18.22 Badlar + 5.00% 10,624 Tarjeta Naranja S.A.U. 02.17.21 Ps. XLVI 4,000,000 365 days 02.17.22 Badlar + 4.72% 8,103,724 Tarjeta Naranja S.A.U. 04.26.21 Ps. XLVIII 5,001,000 365 days 04.26.22 Badlar + 5.00% 10,238,961 Tarjeta Naranja S.A.U. 08.13.21 Ps. XLIX Serie I 2,712,000 365 days 08.13.22 Badlar + 5.50% 4,814,617 Tarjeta Naranja S.A.U. 08.13.21 Ps. XLIX Serie II 1,246,500 730 days 08.13.23 Badlar + 7.24% 3,363,075 Tarjeta Naranja S.A.U. 11.10.21 Ps. L 4,050,000 365 days 11.10.22 Badlar + 5.00% 8,037,454 Tarjeta Naranja S.A.U. 04.04.21 US$ XLVII 8,500 742 days 04.28.23 7 % 1,713,023 Total 45,501,991 (*) It includes principal and interest. |
Summary of Repurchases of Own Debt Securities | The repurchases of Own Debt securities as of the indicated dates are as follows: Company ON Class Nominal Value as of Book Value(*) as of Banco de Galicia y Buenos Aires S.A.U. XII 40,000 48,205 Tarjeta Naranja S.A.U. XLVII 2 383 Tarjeta Naranja S.A.U. XLIX Serie II 57,000 64,429 Tarjeta Naranja S.A.U. LI Serie I 8,703 9,763 Tarjeta Naranja S.A.U. LI Serie II 50,000 57,853 Tarjeta Naranja S.A.U. LII 13 2,216 Tarjeta Naranja S.A.U. LIII Serie I 50,000 58,172 Tarjeta Naranja S.A.U. LIII Serie II 100,000 116,667 Tarjeta Naranja S.A.U. LIV Serie I 170 197 Tarjeta Naranja S.A.U. LIV Serie II 135,000 151,875 Tarjeta Naranja S.A.U. LV Serie I 831,590 892,027 Tarjeta Naranja S.A.U. LV Serie II 2,585,727 2,807,435 Tarjeta Naranja S.A.U. LVII 189,000 211,303 Total 4,420,525 (*) It includes principal and interest. Company ON Class Nominal Value as of Book Value(*) as of Tarjeta Naranja S.A.U. XXXVII 9,820 106,297 Tarjeta Naranja S.A.U. XLIV 70,000 44,058 Tarjeta Naranja S.A.U. XLVI 38,000 77,329 Tarjeta Naranja S.A.U. XLVIII 99,300 200,224 Tarjeta Naranja S.A.U. XLIX Serie I 355,000 724,023 Tarjeta Naranja S.A.U. XLIX Serie II 27,000 55,360 Tarjeta Naranja S.A.U. L 125,479 255,017 Total 1,462,308 |
Subordinated Debt Securities (T
Subordinated Debt Securities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of detailed information about borrowings [abstract] | |
Summary of Subordinated Debt Securities Not Convertible Into Shares Issued Under Global Programs | The Company has the following subordinated debt securities not convertible into shares issued under the Global Programs detailed in Note 27 as of the close of the fiscal year: Company Placement Date Currency ON Class Nominal Value Term Maturity Rate Book Value Book Value Banco de Galicia y Buenos Aires S.A.U. 07.19.16 US$ II US$250,000 120 months (1) 07.19.26 (2) 45,405,004 51,182,953 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other provisions [abstract] | |
Summary of Provisions | The account breaks down as follows as of the indicated dates: 12.31.2022 12.31.2021 For Termination Benefits 2,777,084 512,006 Others 7,477,939 8,023,050 Total 10,255,023 8,535,056 |
Other Non-financial Liabiliti_2
Other Non-financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other non-financial liabilities [abstract] | |
Summary of Other Non-financial Liabilities | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 Creditors for sale of assets 775,912 739,634 Tax withholdings and collections payable 29,678,770 24,844,946 Payroll and Social Contributions Payable 18,071,442 17,363,085 Withholdings on Payroll Payable 1,074,305 1,034,206 Fess to Directors and Syndics 624,610 461,673 Value-Added Tax 4,066,875 3,647,479 Sundry Creditors 9,541,409 13,479,207 Taxes Payable 17,821,122 11,617,415 Obligations Arising from Contracts with Customers (*) 2,782,656 4,193,566 Retirement payment orders pending settlement 355,378 232,488 Other Non-financial Liabilities 4,760,346 742,170 Total 89,552,825 78,355,869 |
Summary of Estimated Use of Liability | The following table shows the estimated use of the liabilities recorded as of this fiscal year-end. Terms Item Up to 12 Up to 24 Over 24 Total Liabilities – “Quiero!” Customers Loyalty Program 1,098,237 615,085 676,251 2,389,573 |
Exchange Rate Differences on _2
Exchange Rate Differences on Gold and Foreign Currency (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions in foreign currency [abstract] | |
Exchange rate differences on gold and foreign currency | The account breaks down as follows as of the indicated dates: Arising from: 12.31.22 12.31.21 12.31.20 For Purchase sale of foreign currency 8,558,152 4,024,806 14,998,837 For Valuation of Assets and Liabilities in Foreign Currency 11,579,663 4,730,600 5,722,350 Total 20,137,815 8,755,406 20,721,187 |
Other Operating Income (Tables)
Other Operating Income (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of Other Operating Income [abstract] | |
Summary of Other Operating Income | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Fees for Product Package 15,063,312 17,249,945 18,514,125 Other Adjustments and Interest on sundry Credits 37,134,394 13,792,004 15,424,588 Rental of Safety Deposit Boxes 4,005,431 3,950,001 3,808,196 Other Financial Income 1,099,101 912,692 1,703,019 Other Income from Services 19,620,559 14,776,894 12,459,178 Reversed allowances 64,949 1,968,716 4,998,476 Others 13,848,904 17,156,287 8,726,313 Total 90,836,650 69,806,539 65,633,895 |
Underwriting Income from Insu_2
Underwriting Income from Insurance Business (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of types of insurance contracts [abstract] | |
Summary of Underwriting Income from Insurance Business | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Premiums and Surcharges Accrued 22,292,484 23,819,431 22,902,633 Claims Accrued (3,925,965) (4,365,154) (3,313,251) Redemptions (79,868) (62,040) (49,526) Fixed and Periodic Annuities (31,292) (36,754) (39,952) Production and Operating Expenses (4,389,682) (4,774,054) (3,455,541) Other Income and Expenses (174,946) (264,235) (192,555) Total 13,690,731 14,317,194 15,851,808 |
Loan Loss Charges (Tables)
Loan Loss Charges (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loan Loss Charges [Abstract] | |
Summary of Loan Loss Charges | The following items are included in the account as of the indicated dates: 12.31.22 12.31.21 12.31.20 Expected credit loss allowance (49,639,031) (39,702,996) (97,994,201) Direct charge offs (2,812,756) (3,054,818) (2,505,573) Total (52,451,787) (42,757,814) (100,499,774) |
Personnel Expenses (Tables)
Personnel Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Personnel Expenses [abstract] | |
Summary of Personnel Expenses | The following are the items included in the account as of the indicated dates: 12.31.22 12.31.21 12.31.20 Payroll (54,764,497) (54,506,021) (58,186,840) Social Contributions on Payroll (13,055,718) (12,723,002) (13,386,919) Personnel Compensations and Rewards (24,189,712) (18,892,664) (17,087,970) Services for Personnel (2,694,456) (2,305,942) (2,249,939) Other Short-term Personnel Expenses (1,963,003) (1,754,829) (2,297,930) Other Long-term Personnel Expenses (224,071) (287,815) (363,840) Total (96,891,457) (90,470,273) (93,573,438) |
Administrative Expenses (Tables
Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Summary Of Expenses By Nature Administrative Expenses [abstract] | |
Summary of Expenses by Nature and Function | The table below provides the required additional information about expenses by nature and function as of the indicated dates: 12.31.22 12.31.21 12.31.20 Fees and Remunerations for Services (7,578,586) (5,759,643) (8,689,077) Directors’ and Syndics’ Fees (1,245,979) (761,797) (1,389,599) Advertising and Marketing (4,269,032) (4,499,987) (4,711,882) Taxes (23,537,781) (22,616,287) (21,322,510) Maintenance and Repairs of Assets and Systems (13,949,927) (15,648,221) (12,637,267) Electricity and Communications (4,644,902) (5,602,823) (6,718,037) Representation and Travel Expenses (232,997) (131,569) (171,613) Stationery and Office Supplies (1,495,928) (787,861) (1,233,078) Rentals (353,882) (944,694) (908,087) Administrative Services under Contract (16,375,358) (14,892,350) (15,370,693) Security (2,129,312) (2,257,421) (3,417,482) Insurance (804,566) (933,794) (725,554) Armored Transportation Services (5,587,153) (5,530,263) (4,594,789) Others (9,206,140) (7,686,692) (9,458,439) Total (91,411,543) (88,053,402) (91,348,107) |
Depreciation and Impairment o_2
Depreciation and Impairment of Assets (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Depreciation amortization and impairment [abstract] | |
Summary of Depreciation and Impairment of Assets | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Depreciation of Property, Plant and Equipment (14,854,607) (16,406,604) (15,210,862) Amortization of Organization and Development Expenses (12,699,065) (11,815,977) (8,790,180) Depreciation of other intangible assets (353) (88) — Others (*) (323,120) (17,438) (356,749) Total (27,877,145) (28,240,107) (24,357,791) |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of other operating expenses [abstract] | |
Summary of Other Operating Expenses | The account breaks down as follows as of the indicated dates: 12.31.22 12.31.21 12.31.20 Turnover Tax (75,867,764) (62,600,121) (46,052,443) Contributions to the Deposit Insurance Scheme (2,916,506) (3,138,808) (3,114,573) Charges for Other Provisions (4,342,446) (2,821,696) (8,434,943) Claims (6,046,837) (5,366,365) (3,727,345) Other Financial Expenses — — (840,915) Interest on leases (1,143,136) (1,033,047) (1,172,715) Credit-card-relates expenses (12,221,817) (11,744,206) (13,231,310) Other Expenses from Services (19,947,408) (17,225,968) (12,738,981) Others (3,013,488) (3,490,994) (3,173,807) Total (125,499,402) (107,421,205) (92,487,032) |
Income Tax_Deferred Tax (Tables
Income Tax/Deferred Tax (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Major components of tax expense (income) [abstract] | |
Summary of Reconciliation of Income Tax Charged to Income | The following is a reconciliation of income tax charged to income as of December 31, 2022, as compared to the previous fiscal year: 12.31.22 12.31.21 12.31.20 Income Before Income Tax for the Year 64,744,711 92,765,584 135,143,364 Current Tax Rate 35 % 35 % 30 % Income for the Year at Tax Rate (22,660,648) (32,467,954) (40,543,009) Permanent Differences at Tax Rate - Income for Equity Instruments (154,436) (88,053) (110,306) - Untaxed Income 27,817 394,805 490,752 - Donations and Other Non-deductible Expenses (26,035) (9,625) (94,140) - Other (1,285,749) 456,384 (8,825,272) - Inflation effect (81,230,045) (53,976,252) (37,129,079) -Tax adjustment — 864,186 2,044,808 - Tax inflation adjustment 88,263,267 52,792,778 8,512,034 - Tax inflation adjustment deferral — — 14,967,930 Total Income Tax Charge for the Year (17,065,829) (32,033,731) (60,686,282) 12.31.22 12.31.21 12.31.20 Current Income Tax (16,457,984) (25,257,891) (78,342,419) Deferred Tax Charge (*) 3,114,144 (8,307,425) 24,330,007 Update of the charge tax for inflation effects (3,269,376) (1,621,737) (8,645,757) Tax Return adjustment from previous fiscal year (452,613) 3,153,322 1,971,887 Total Income Tax Charge for the Year (17,065,829) (32,033,731) (60,686,282) |
Summary of Current Income Tax Liabilities | 12.31.22 12.31.21 12.31.20 Current Income Tax (16,457,984) (25,257,891) (78,342,419) Tax Advances 7,658,051 7,435,585 33,569,989 Current Income Tax Liabilities (8,799,933) (17,822,306) (44,772,430) |
Summary of Accumulated Taxable Net Earnings | For the fiscal year beginning on 01.01.21 and ended 12.31.21: Accumulated taxable net earnings Over Ps. At Ps. Will pay Ps Plus % On the surplus of Ps. — 5,000 — 25 % — 5,000 50,000 1,250 30 % 5,000 50,000 Onwards 14,750 35 % 50,000 For the fiscal year beginning on 01.01.22 and ended 12.31.22: Accumulated taxable net earnings Over Ps. At Ps. Will pay Ps Plus % On the surplus of Ps. — 7,605 — 25 % — 7,605 76,049 1,901 30 % 7,605 76,049 Onwards 22,435 35 % 76,049 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings per share [abstract] | |
Schedule of Earnings Per Share | Earnings per share are calculated by dividing income attributable to parent company´s owners by the weighted average number of outstanding ordinary shares during the year. As the Group does not have preferred shares or debt convertible into shares, basic earnings are equal to diluted earnings per share. 12.31.22 12.31.21 12.31.20 Net Income (Loss) for the Year Attributable to Parent Company´s Owners 48,639,400 60,569,787 74,008,952 Weighted Average Ordinary Shares 1,474,692 1,474,692 1,442,740 Earnings per Share 32.98 41.07 51.30 |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of operating segments [abstract] | |
Summary of Operating Segments | The relevant segment reporting as of the indicated dates is as follows: Bank Naranja X Insurance Other Adjustments Total as of Net Income from interest 77,217,698 67,341,708 9,582,116 473,747 (2,098,935) 152,516,334 Net fee Income 64,348,211 56,303,837 — 23,379 (2,974,406) 117,701,021 Net Income from Financial Instruments measured at fair value through Profit or Loss 320,365,311 13,376,342 (6,470,206) 8,581,893 2,258,171 338,111,511 Income from Derecognition of Assets Measured at Amortized Cost 614,077 (16,642) — — — 597,435 Exchange rate Differences on Gold and Foreign Currency 19,363,536 (130,717) 4,521 900,475 — 20,137,815 Other Operating Income 67,900,087 11,494,726 879,687 13,526,033 (2,963,883) 90,836,650 Income from Insurance Business — — 8,575,976 — 5,114,755 13,690,731 Expected credit loss allowance (35,373,248) (17,079,742) 1,203 — — (52,451,787) Personnel Expenses (66,842,428) (24,427,682) (3,703,821) (1,917,526) — (96,891,457) Administrative Expenses (65,078,187) (22,386,291) (1,681,451) (2,590,818) 325,204 (91,411,543) Depreciation and Impairment of Assets (22,206,029) (5,014,980) (550,612) (102,077) (3,447) (27,877,145) Other Operating Expenses (89,825,365) (33,880,026) (11,356) (1,789,751) 7,096 (125,499,402) Loss on net monetary position (222,222,883) (41,603,949) (1,947,758) (7,601,993) — (273,376,583) Operating Income 48,260,780 3,976,584 4,678,299 9,503,362 (335,445) 66,083,580 Share of profit from Associates and Joint Ventures (441,246) — — — — (441,246) Income before Taxes from Continuing Operations 47,819,534 3,976,584 4,678,299 9,503,362 (335,445) 65,642,334 Income Tax from Continuing Operations (6,287,871) (1,955,092) (2,185,788) (6,574,174) — (17,002,925) Net Income from Continuing Operations 41,531,663 2,021,492 2,492,511 2,929,188 (335,445) 48,639,409 Net Income for the Year 41,531,663 2,021,492 2,492,511 2,929,188 (335,445) 48,639,409 Other Comprehensive Income (Loss) (1,129,111) (14) (18,262) 186,860 — (960,527) Net Income (Loss) for the Year Attributable to Parent Company´s Owners 40,402,552 2,021,478 2,474,240 3,116,048 (335,445) 47,678,873 Net Income for the Year Attributable to Non-controlling Interests — — 9 — — 9 Bank Naranja X Insurance Other Adjustments Total as of Net Income from interest 134,147,290 72,919,342 4,542,351 154,298 1,101,914 212,865,195 Net fee Income 62,091,897 53,983,140 — (52,363) (3,452,512) 112,570,162 Net Income from Financial Instruments measured at fair value through Profit or Loss 186,145,997 815,017 (2,943,615) 2,884,160 (660,119) 186,241,440 Income from Derecognition of Assets Measured at Amortized Cost 31,819 382 — — — 32,201 Exchange rate Differences on Gold and Foreign Currency 7,195,089 284,507 76,232 1,199,578 — 8,755,406 Other Operating Income 51,687,042 11,570,020 737,331 8,899,413 (3,087,267) 69,806,539 Income from Insurance Business — — 8,279,285 — 6,037,909 14,317,194 Expected credit loss allowance (28,229,237) (14,520,749) (7,828) — — (42,757,814) Personnel Expenses (60,724,618) (24,214,647) (3,145,466) (2,385,542) — (90,470,273) Administrative Expenses (63,474,529) (21,231,947) (1,584,629) (2,036,038) 273,741 (88,053,402) Depreciation and Impairment of Assets (21,081,120) (6,374,480) (707,876) (76,631) — (28,240,107) Other Operating Expenses (79,019,545) (27,465,831) (26,770) (923,326) 14,267 (107,421,205) Loss on net monetary position (125,152,602) (25,336,625) (1,287,760) (3,087,345) — (154,864,332) Operating Income 63,617,483 20,428,129 3,931,255 4,576,204 227,933 92,781,004 Share of profit from Associates and Joint Ventures (251,579) — — — — (251,579) Income before Taxes from Continuing Operations 63,365,904 20,428,129 3,931,255 4,576,204 227,933 92,529,425 Income Tax from Continuing Operations (19,135,666) (8,306,040) (1,622,019) (2,895,913) — (31,959,638) Net Income from Continuing Operations 44,230,238 12,122,089 2,309,236 1,680,291 227,933 60,569,787 Net Income for the Year 44,230,238 12,122,089 2,309,236 1,680,291 227,933 60,569,787 Other Comprehensive Income (Loss) 146,510 (617) 23,952 (7,778) — 162,066 Net Income (Loss) for the Year Attributable to Parent Company´s Owners 44,376,748 12,121,472 2,333,188 1,672,513 227,933 60,731,853 Net Income for the Year Attributable to Non-controlling Interests — — — — — — Bank Naranja X Insurance Other Adjustments Total as of Net Income from interest 172,977,393 49,759,850 2,137,231 20,129 665,867 225,560,470 Net fee Income 61,685,485 48,769,483 — (17,967) (3,192,339) 107,244,662 Net Income from Financial Instruments measured at fair value through Profit or Loss 194,015,596 5,848,243 167,594 3,763,048 (2,658) 203,791,823 Income from Derecognition of Assets Measured at Amortized Cost (9,199) — — — — (9,199) Exchange rate Differences on Gold and Foreign Currency 17,714,259 1,088,830 (80,419) 1,998,517 — 20,721,187 Other Operating Income 50,491,573 10,216,311 1,483,807 6,951,307 (3,509,103) 65,633,895 Income from Insurance Business — — 9,954,815 — 5,896,993 15,851,808 Expected credit loss allowance (87,440,130) (13,108,705) 49,061 — — (100,499,774) Personnel Expenses (64,949,104) (23,756,984) (3,579,919) (1,287,431) — (93,573,438) Administrative Expenses (63,690,811) (24,265,919) (1,605,789) (2,141,363) 355,775 (91,348,107) Depreciation and Impairment of Assets (17,984,720) (5,492,860) (795,035) (85,176) — (24,357,791) Other Operating Expenses (70,108,870) (21,645,233) (12,811) (762,631) 42,513 (92,487,032) Loss on net monetary position (79,867,845) (15,969,453) (1,961,414) (2,236,251) — (100,034,963) Operating Income 112,833,627 11,443,563 5,757,121 6,202,182 257,048 136,493,541 Share of profit from Associates and Joint Ventures (367,686) — — — — (367,686) Income before Taxes from Continuing Operations 112,465,941 11,443,563 5,757,121 6,202,182 257,048 136,125,855 Income Tax from Continuing Operations (51,396,958) (5,094,483) (1,941,735) (2,680,791) — (61,113,967) Net Income from Continuing Operations 61,068,983 6,349,080 3,815,386 3,521,391 257,048 75,011,888 Net Income for the Year 61,068,983 6,349,080 3,815,386 3,521,391 257,048 75,011,888 Other Comprehensive Income (Loss) (608,095) 617 52,204 467 — (554,806) Net Income (Loss) for the Year Attributable to Parent Company´s Owners 60,460,888 5,346,731 3,867,620 3,521,858 257,048 73,454,146 Net Income for the Year Attributable to Non-controlling Interests — 1,002,966 (30) — — 1,002,936 Bank Naranja X Insurance Other Adjustments Total as of ASSETS Cash and Due from Banks 434,234,303 6,628,132 12,878 11,717,757 (5,048,868) 447,544,202 Debt Securities at fair value through profit or loss 791,605,630 200,660 116,439 4,405,498 (4,057,904) 792,270,323 Derivative Financial Instruments 3,327,165 1,241,792 — — (1,241,177) 3,327,780 Repurchase Transactions 104,710,279 21,730,144 — — (10,916,515) 115,523,908 Other Financial Assets 43,503,828 1,325,042 1,052,423 9,741,741 (51,720) 55,571,314 Loans and Other Financing 947,521,428 328,475,283 5,599 3,067,744 (35,453,589) 1,243,616,465 Other Debt Securities 350,400,776 7,429,208 6,101,116 3,106,494 (362,621) 366,674,973 Financial Assets Pledged as Collateral 100,091,787 51,064,021 — 946,925 — 152,102,733 Current Income Tax Assets — — 368,398 41,850 — 410,248 Investments in Equity Instruments 2,239,032 — — 7 — 2,239,039 Equity Investments in Associates and Joint Ventures 666,769 — — — — 666,769 Property, Plant and Equipment 103,694,179 12,010,385 414,097 145,466 (443,139) 115,820,988 Intangible Assets 34,525,100 3,304,352 73,620 609,947 — 38,513,019 Deferred Income Tax Assets — 6,240,321 411,870 599,521 — 7,251,712 Assets for Insurance Contracts — — 4,932,269 — — 4,932,269 Other Non-financial Assets 15,007,332 6,280,556 191,377 3,691,309 — 25,170,574 Non-current Assets Held for Sale 1,251 — — — — 1,251 TOTAL ASSETS 2,931,528,859 445,929,896 13,680,086 38,074,259 (57,575,533) 3,371,637,567 LIABILITIES Deposits 2,122,305,946 26,973,322 — 51,462 (7,352,996) 2,141,977,734 Liabilities at Fair Value Through Profit or Loss 78,223 — — — — 78,223 Derivative Financial Instruments 2,935,291 — — — (1,241,177) 1,694,114 Repurchase Transactions — 10,916,515 — — (10,916,515) — Other Financial Liabilities 151,765,261 187,394,521 — 9,694,457 (74,970) 348,779,269 Financing Received from the Argentine Central Bank and Other Financial Institutions 10,488,009 60,018,558 — — (33,068,323) 37,438,244 Debt Securities 12,382,571 59,341,281 — — (4,420,525) 67,303,327 Current Income Tax Liabilities 3,121,865 1,163,753 1,266,801 3,247,514 — 8,799,933 Subordinated Debt Securities 45,405,004 — — — — 45,405,004 Provisions 9,829,772 170,515 199,606 55,130 — 10,255,023 Deferred Income Tax Liabilities 5,244,791 — 124,658 996,944 — 6,366,393 Liabilities for Insurance Contracts — — 5,114,252 — (4,332) 5,109,920 Other Non-financial Liabilities 67,238,020 13,669,425 1,737,302 6,961,634 (53,556) 89,552,825 TOTAL LIABILITIES 2,430,794,753 359,647,890 8,442,619 21,007,141 (57,132,394) 2,762,760,009 Bank Naranja X Insurance Other Adjustments Total as of ASSETS Cash and Due from Banks 451,386,804 10,643,164 104,273 8,714,984 (8,357,923) 462,491,302 Debt Securities at fair value through profit or loss 460,271,635 405,707 72,027 57,286 (1,217,662) 459,588,993 Derivative Financial Instruments 3,089,342 — — — (660,119) 2,429,223 Repurchase Transactions 395,752,551 77,826 — — — 395,830,377 Other Financial Assets 34,736,204 4,809,344 847,035 5,134,335 — 45,526,918 Loans and Other Financing 1,121,202,076 341,958,707 14,421 4,972,885 (18,041,984) 1,450,106,105 Other Debt Securities 179,668,043 5,867 4,371,739 — (244,647) 183,801,002 Financial Assets Pledged as Collateral 68,035,220 32,266 — 569,193 — 68,636,679 Current Income Tax Assets — — 121,500 27,285 — 148,785 Investments in Equity Instruments 2,438,670 — — 12 — 2,438,682 Equity Investments in Associates and Joint Ventures 329,876 — — — — 329,876 Property, Plant and Equipment 106,905,247 12,297,578 1,767,674 183,120 — 121,153,619 Intangible Assets 37,091,193 4,059,603 97,071 109,532 — 41,357,399 Deferred Income Tax Assets — 6,850,041 756,908 742,656 — 8,349,605 Assets for Insurance Contracts — — 6,267,504 — — 6,267,504 Other Non-financial Assets 12,387,987 3,978,994 190,923 3,698,224 — 20,256,128 Non-current Assets Held for Sale 1,280 — — — — 1,280 TOTAL ASSETS 2,873,296,128 385,119,097 14,611,075 24,209,512 (28,522,335) 3,268,713,477 LIABILITIES Deposits 2,027,157,625 52,678 — — (9,335,744) 2,017,874,559 Liabilities at Fair Value Through Profit or Loss — — — 147,408 — 147,408 Derivative Financial Instruments 1,387,179 660,119 — — (660,119) 1,387,179 Repurchase transactions 631,362 — — — — 631,362 Other Financial Liabilities 185,122,472 187,534,417 — 8,773,886 (199,199) 381,231,576 Financing Received from the Argentine Central Bank and Other Financial Institutions 17,433,425 45,561,413 — — (16,808,004) 46,186,834 Debt Securities 14,310,368 41,639,053 — — (1,462,309) 54,487,112 Current Income Tax Liabilities 10,101,341 6,776,142 417,111 1,520,125 — 18,814,719 Subordinated Debt Securities 51,182,953 — — — — 51,182,953 Provisions 7,862,874 318,602 302,498 51,082 — 8,535,056 Deferred Income Tax Liabilities 9,337,606 — 497,718 743,106 — 10,578,430 Liabilities for Insurance Contracts — — 6,216,852 — (1,724) 6,215,128 Other Non-financial Liabilities 58,548,495 15,291,982 1,855,619 2,715,009 (55,236) 78,355,869 TOTAL LIABILITIES 2,383,075,700 297,834,406 9,289,798 13,950,616 (28,522,335) 2,675,628,185 The information by geographic segments as of the indicated dates is presented below: Argentina Uruguay Adjustments Total as of Net Income from interest 154,615,269 — (2,098,935) 152,516,334 Net fee Income 120,714,919 (39,492) (2,974,406) 117,701,021 Net Income from Financial Instruments measured at fair value through Profit or Loss 335,808,800 44,540 2,258,171 338,111,511 Income from Derecognition of Assets Measured at Amortized Cost 597,435 — — 597,435 Exchange rate Differences on Gold and Foreign Currency 20,129,855 7,960 — 20,137,815 Other Operating Income 93,780,646 19,887 (2,963,883) 90,836,650 Income from Insurance Business 8,575,976 — 5,114,755 13,690,731 Expected credit loss allowance (52,451,787) — — (52,451,787) Personnel Expenses (96,820,929) (70,528) — (96,891,457) Administrative Expenses (91,582,940) (153,807) 325,204 (91,411,543) Depreciation and Impairment of Assets (27,872,932) (766) (3,447) (27,877,145) Other Operating Expenses (125,506,114) (384) 7,096 (125,499,402) Loss on net monetary position (273,304,845) (71,738) — (273,376,583) Operating Income 66,683,353 (264,328) (335,445) 66,083,580 Share of profit from Associates and Joint Ventures (441,246) — — (441,246) Income before Taxes from Continuing Operations 66,242,107 (264,328) (335,445) 65,642,334 Income Tax from Continuing Operations (17,002,925) — — (17,002,925) Net Income from Continuing Operations 49,239,182 (264,328) (335,445) 48,639,409 Net Income for the Year 49,239,182 (264,328) (335,445) 48,639,409 Other Comprehensive Income (Loss) (960,527) — — (960,527) Net Income (Loss) for the Year Attributable to Parent Company´s Owners 48,278,646 (264,328) (335,445) 47,678,873 Net Income for the Year Attributable to Non-controlling Interests 9 — — 9 Argentina Uruguay Adjustments Total as of ASSETS Cash and Due from Banks 448,863,724 3,729,346 (5,048,868) 447,544,202 Debt Securities at fair value through profit or loss 795,991,779 336,448 (4,057,904) 792,270,323 Derivative Financial Instruments 4,568,957 — (1,241,177) 3,327,780 Repurchase Transactions 126,440,423 — (10,916,515) 115,523,908 Other Financial Assets 55,623,034 — (51,720) 55,571,314 Loans and Other Financing 1,279,069,937 117 (35,453,589) 1,243,616,465 Other Debt Securities 367,037,594 — (362,621) 366,674,973 Financial Assets Pledged as Collateral 151,925,489 177,244 — 152,102,733 Current Income Tax Assets 410,248 — — 410,248 Investments in Equity Instruments 2,239,039 — — 2,239,039 Equity Investments in Associates and Joint Ventures 666,769 — — 666,769 Property, Plant and Equipment 116,262,135 1,992 (443,139) 115,820,988 Intangible Assets 38,512,401 618 — 38,513,019 Deferred Income Tax Assets 7,251,712 — — 7,251,712 Assets for Insurance Contracts 4,932,269 — — 4,932,269 Other Non-financial Assets 25,169,334 1,240 — 25,170,574 Non-current Assets Held for Sale 1,251 — — 1,251 TOTAL ASSETS 3,424,966,095 4,247,005 (57,575,533) 3,371,637,567 LIABILITIES Deposits 2,149,330,730 — (7,352,996) 2,141,977,734 Liabilities at Fair Value Through Profit or Loss 78,223 — — 78,223 Derivative Financial Instruments 2,935,291 — (1,241,177) 1,694,114 Repurchase Transactions 10,916,515 — (10,916,515) — Other Financial Liabilities 345,024,725 3,829,514 (74,970) 348,779,269 Financing Received from the Argentine Central Bank and Other Financial Institutions 70,506,567 — (33,068,323) 37,438,244 Debt Securities 71,723,852 — (4,420,525) 67,303,327 Current Income Tax Liabilities 8,799,933 — — 8,799,933 Subordinated Debt Securities 45,405,004 — — 45,405,004 Provisions 10,255,023 — — 10,255,023 Deferred Income Tax Liabilities 6,366,393 — — 6,366,393 Liabilities for Insurance Contracts 5,114,252 — (4,332) 5,109,920 Other Non-financial Liabilities 89,278,236 328,145 (53,556) 89,552,825 TOTAL LIABILITIES 2,815,734,744 4,157,659 (57,132,394) 2,762,760,009 |
Capital Management and Risk P_2
Capital Management and Risk Policies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [abstract] | |
Summary of Regulatory Capital | Computable Regulatory Capital (RPC, as per the initials in Spanish) is made up of Core Capital and Supplementary Capital. Banco Galicia’s balance for such items as of December 31, 2022, and December 31, 2021, is as follows: 12.31.22 12.31.21 Basic Shareholders’ Equity 505,589,433 257,700,315 (Deductible Items) (63,094,866) (35,563,896) Equity Tier 1 442,494,567 222,136,419 Complementing shareholders’ Equity 36,138,983 29,006,025 Equity Tier 2 36,138,983 29,006,025 Regulatory Capital (RPC) 478,633,550 251,142,444 |
Summary of Breakdown of Minimum Capital Requirement | The breakdown of the minimum capital requirement determined for the Group is shown below: 12.31.22 12.31.21 Credit Risk 109,407,718 63,920,141 Market Risk 6,642,210 1,133,654 Operational Risk 36,743,804 20,190,530 Minimum Capital Requirement 152,793,732 85,244,325 Integration 478,633,550 251,142,444 Excess 325,839,818 165,898,119 |
Summary of Exposure to Foreign Exchange Risk as of Year End by Type of Currency | The Group’s exposure to the foreign exchange risk as of year-end by type of currency is shown below: Balances as of 12.31.22 Currency Monetary Monetary Derivatives Net Position US Dollar 563,733 (465,334) (22,858) 75,541 Euro 5,758 (2,247) — 3,511 Canadian Dollar 60 (12) — 48 Real 70 — — 70 Swiss Franc 80 (53) — 27 Others 203 (112) — 91 Total 569,904 (467,758) (22,858) 79,288 Balances as of 12.31.21 Currency Monetary Monetary Derivatives Net Position US Dollar 488,662 (484,868) (2,515) 1,279 Euro 5,733 (1,214) — 4,519 Canadian Dollar 62 (8) — 54 Real 76 — — 76 Swiss Franc 173 (62) — 111 Others 166 (27) — 139 Total 494,872 (486,179) (2,515) 6,178 Balances as of 12.31.22 Balances as of 12.31.21 Currency Change Income Shareholders’ Income Shareholders’ US Dollar 10 % 7,554 83,095 128 1,407 -10 % (7,554) 67,987 (128) 1,151 Euro 10 % 351 3,862 452 4,971 -10 % (351) 3,160 (452) 4,067 Canadian Dollar 10 % 5 53 5 59 -10 % (5) 43 (5) 49 Real 10 % 7 77 8 84 -10 % (7) 63 (8) 68 Swiss Franc 10 % 3 30 11 122 -10 % (3) 24 (11) 100 Others 10 % 9 100 14 153 -10 % (9) 82 (14) 125 |
Schedule of Residual Value of Assets and Liabilities, Classified by Interest Renegotiation Date or Maturity Date | The Group’s exposure to the interest rate risk is detailed below. This table shows the residual value of assets and liabilities, classified by the sooner of the interest renegotiation date or the maturity date. Term (in Days) Assets and Liabilities at Variable Rate Up to 30 From 30 to 90 From 90 to From 180 to More than Total As of 12.31.22 Total Financial Assets 1,564,252,720 222,116,924 182,093,779 174,281,923 859,624,928 3,002,370,274 Total Financial Liabilities 1,798,114,983 141,984,868 77,437,893 33,176,025 583,504,155 2,634,217,924 Net Amount (233,862,263) 80,132,056 104,655,886 141,105,898 276,120,773 368,152,350 As of 12.31.21 Total Financial Assets 1,218,248,178 227,522,500 207,081,498 301,340,191 1,021,168,289 2,975,360,656 Total Financial Liabilities 1,594,006,099 187,902,631 74,947,553 47,271,067 668,187,409 2,572,314,759 Net Amount (375,757,921) 39,619,869 132,133,945 254,069,124 352,980,880 403,045,897 |
Schedule of Sensitivity to Potential Additional Changes in Interest Rates | The table below shows the sensitivity to potential additional changes in interest rates in the next fiscal year, considering the breakdown as of December 31, 2022. The percentage change budgeted by the Group for fiscal year 2022 was determined considering 100 bps and changes are considered reasonably possible on the basis on an observation of market conditions. Additional Increase/(Decrease) Increase/(Decrease) Decrease in Interest Rate -100 bp (490,165) (0.1) % Increase in Interest Rate 100 bp 490,165 0.1 % |
Schedule of Analysis of Maturities of Assets and Liabilities | The table below shows an analysis of maturities of assets and liabilities, determined based on the remaining period as of December 31, 2022, and December 31, 2021, based on undiscounted cash flows: Less than 1 1 to 6 Months 6 to 12 12 Months to More than 5 Total as of Assets Debt Securities measured at Fair Value through Profit or Loss 1,014,064,047 1,114,527 1,313,225 5,516,817 — 1,022,008,616 Derivative Financial Instruments 3,327,780 — — — — 3,327,780 Repurchase Transactions 119,021,390 — — — — 119,021,390 Other Financial Assets 45,835,239 406,230 492,319 6,751,750 6,907,439 60,392,977 Loans and Other Financing 572,812,215 533,673,648 228,700,321 196,987,889 130,918,430 1,663,092,503 Other Debt Securities 367,461,993 642,649 927,063 2,624,321 — 371,656,026 Financial Assets Pledged as Collateral 152,102,733 — — — — 152,102,733 Investments in Equity Instruments 2,239,039 — — — — 2,239,039 Liabilities Deposits 2,093,575,083 97,575,203 6,076,398 115,785 18 2,197,342,487 Liabilities at fair value through profit or loss 78,223 — — — — 78,223 Derivative Financial Instruments 1,694,114 — — — — 1,694,114 Other Financial Liabilities 239,554,117 101,045,209 370,307 2,605,966 917,819 344,493,418 Lease liabilities 229,377 716,603 890,882 3,233,811 1,725,391 6,796,064 Financing Received from the Argentine Central Bank and Other Financial Institutions 8,669,292 20,461,200 18,339,685 1,906,501 — 49,376,678 Debt Securities 8,357,182 38,668,400 24,315,628 28,427,101 — 99,768,311 Subordinated Debt Securities 1,721,348 — 1,721,348 54,145,714 — 57,588,410 Less than 1 1 to 6 6 to 12 12 Months More than Total as of Assets Debt Securities measured at Fair Value through Profit or Loss 459,158,409 562,960 1,141,167 1,795,216 — 462,657,752 Derivative Financial Instruments 2,429,223 — — — — 2,429,223 Repurchase Transactions 401,893,669 — — — — 401,893,669 Other Financial Assets 28,902,509 239,689 290,485 6,710,386 — 36,143,069 Loans and Other Financing 535,304,629 544,921,482 351,054,269 226,381,525 72,794,906 1,730,456,811 Other Debt Securities 190,132,678 592,931 446,943 1,411,804 — 192,584,356 Financial Assets Pledged as Collateral 68,636,679 — — — — 68,636,679 Investments in Equity Instruments 7,028,660 — — — — 7,028,660 Liabilities Deposits 1,911,054,137 124,684,660 5,988,451 219,481 43 2,041,946,772 Liabilities measured at Fair Value trough Profti or Loss 147,408 — — — — 147,408 Derivative Financial Instruments 1,387,179 — — — — 1,387,179 Repurchase transactions 631,362 — — — — 631,362 Other Financial Liabilities 254,688,554 117,499,174 346,675 51,455 9802 372,595,660 Lease Liabilities 222,781 1,110,498 1,254,803 7,343,487 1,188,196 11,119,765 Financing Received from the Argentine Central Bank and Other Financial Institutions 10,129,288 9,005,852 30,998,853 7,751,230 — 57,885,223 Debt Securities 2,958,930 29,667,331 18,480,066 12,457,369 — 63,563,696 Subordinated Debt Securities 1,940,226 — 1,940,226 64,911,070 — 68,791,522 |
Schedule of Credit Quality of Debt Securities | The credit quality of debt securities as of December 31, 2022, is as follows: Government Securities Rating Government Provincial Autonomous Treasury Argentine Foreign government bonds Private Total as of AAA — — — — — 2,563,265 121,962 2,685,227 AA+ — — 39,560 — — — — 39,560 AA — 77,887 — — — — 385,787 463,674 AA- — — — — — — 121,920 121,920 A+ — — — — — — 8,021 8,021 A1 — — — — — — 27,708 27,708 A — — — — — — 82,173 82,173 A2 — — — — — — 363,054 363,054 A- — — — — — — 40,443 40,443 BBB — 700,578 — — — — 41,866 742,444 BBB.ar — — — — — — 21 21 B1 — 255,500 — — — — — 255,500 B — 1,425,757 — — — — — 1,425,757 BB- — — — — — — 43,745 43,745 CCC 10,212,442 — — 55,580,913 — — — 65,793,355 C — — — — 720,162,015 — 15,706 720,177,721 Total 10,212,442 2,459,722 39,560 55,580,913 720,162,015 2,563,265 1,252,406 792,270,323 The credit quality of debt securities as of December 31, 2021, is as follows: Government Securities Rating Government Provincial Autonomous Treasury Argentine Foreign government bonds Private Total as of AAA 18,798,087 — 72 76,066,303 — — 1,188,114 96,052,576 AA+ — — 102,938 — — — 1,597,485 1,700,423 AA 10,942 — — 61,085 — — 21,217 93,244 AA- — — — — — — 3,161 3,161 A+ — — — — — — 16,820 16,820 A1 — — — — — — 75,886 75,886 A1+ — — 2,466,371 — — — 995,099 3,461,470 A — — — — — — 715,736 715,736 A2 — 476,567 — — — — 2,560 479,127 A- — — — — — — 76,156 76,156 A3 — 1,227,222 — — — — — 1,227,222 Baa1 — — 184,726 — — — — 184,726 Baa3 — — — — — — 66,923 66,923 B1 — 279,082 — — — — — 279,082 B — 132,512 — — — — — 132,512 BB- — — — — — — 3,647 3,647 BBB- — 1,250,269 — — — — — 1,250,269 CCC 49,705 — — — — — — 49,705 C — — — — 353,680,977 — 39,331 353,720,308 Total 18,858,734 3,365,652 2,754,107 76,127,388 353,680,977 — 4,802,135 459,588,993 |
Summary of Retail Portfolios | The Group considers a financial instrument to have experienced a significant increase in credit risk when any of the following conditions exist: ____________________ 1 The analysis of the customer’s cash flow shows that it is capable of attend adequately all its financial commitments. Retail Portfolio BCRA situation Extra conditions to be considered stage 2 A, B1 - Cure (*) - Between 30 and 90 past due days - Probability of Default (“PD”) or Score (**) with impairment risk C - It does not apply to defaulted clients Retail-like Portfolio BCRA situation Extra conditions to be considered stage 2 A, B1 - Cure (*) - Between 30 and 90 past due days - Probability of Default (“PD”) or Score (**) with impairment risk C - It does not apply to defaulted clients Wholesale Portfolio BCRA situation Extra conditions to be considered stage 2 A - Cure (*) - BCRA situation B1 - Probability of Default (“PD”) or Score (**) with impairment risk C - It does not apply to defaulted clients (*) It refers to customers who have been in stage 3 and back to stage 1, the entity has decided to keep them in stage 2. (**) Internal scoring. |
Summary of Scenario Probabilities | Scenario Probabilities Base Optimistic Pessimistic Retail, Retail like and Wholesale 70 % 15 % 15 % Naranja 70 % 15 % 15 % |
Summary of Key Macroeconomic Variables | Key macroeconomic variables used in the scenarios described below are shown in the table: Macroeconomic Variable Projections (%) QI - 2023 (*) QII - 2023 (*) QIII - 2023 (*) QIV - 2023 (*) GDP Base 0.5 % 2.3 % 4.7 % 2.2 % Optimistic -0.5 % 0.3 % 1.6 % -1.8 % Pessimistic 1.6 % 4.4 % 8.0 % 6.5 % Unemployment Rate Base -12.7 % -14.7 % -12.8 % -9.8 % Optimistic -10.5 % -12.6 % -10.6 % -7.4 % Pessimistic -17.9 % -19.7 % -17.8 % -15.3 % Real Salary Base 4.8 % 7.1 % 2.2 % 4.9 % Optimistic 2.7 % 3.0 % -3.0 % -2.3 % Pessimistic 6.8 % 10.4 % 5.7 % 10.3 % Badlar rate Base -40.3 % -27.4 % 2.5 % 9.1 % Optimistic -37.5 % -20.4 % 18.1 % 32.9 % Pessimistic -45.8 % -40.2 % -22.9 % -24.9 % Consumer Price Index (CPI) Base -52.9 % -54.1 % -52.6 % -51.6 % Optimistic -51.4 % -51.3 % -48.5 % -46.0 % Pessimistic -55.2 % -58.4 % -59.0 % -60.0 % |
Summary of Sensitivity Analysis to Assess Impact of Volatility on Macroeconomic Variables on Expected Credit Losses | Grupo Galicia has also carried out sensitivity analysis to assess the impact of volatility on macroeconomic variables on the result of the expected credit losses. Scenario 1 (change in the probability Base scenario Sensitivity Regular scenario 70 % 45 % Positive scenario 15 % 10 % Negative scenario 15 % 45 % Grupo Financiero Galicia ECL 69,963,024 73,414,144 Retail, Retail like and Wholesale ECL 53,494,466 54,423,670 Naranja ECL 16,468,558 18,990,474 Scenario 2 (change in forecast PIB, inflation, nominal Regular Positive Negative Macroeconomic scenario probability 70 % 15 % 15 % Sensitivity GDP 1 % 5 % 1 % Unemployment Rate 10 % 10 % 10 % Real Salary -5 % -5 % -5 % Badlar 5 % 2 % 5 % CPI 2 % 2 % 2 % Grupo Financiero Galicia ECL 76,673,078 Retail, Retail like and Wholesale RCL 57,682,604 Naranja ECL 18,990,474 |
Summary of Maximum Exposure to Credit Risk on Assests | The following table contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognized. Retail Portfolio December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 338,150,700 48,504,317 2,774,855 389,429,872 433,722,384 1-30 6,906,848 3,991,341 596,248 11,494,437 11,861,749 31-60 — 3,574,414 483,375 4,057,789 4,344,289 61-90 — 3,408,034 1,129,396 4,537,430 3,027,636 Default — — 16,272,757 16,272,757 27,483,672 Gross Carrying amount 345,057,548 59,478,106 21,256,631 425,792,285 480,439,730 Loss allowance (13,799,965) (10,449,275) (17,663,734) (41,912,974) (60,820,412) Net Carrying amount 331,257,583 49,028,831 3,592,897 383,879,311 419,619,318 Retail like Portfolio December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 285,232,375 13,791,961 991,392 300,015,728 332,411,365 1-30 3,252,010 765,050 335,489 4,352,549 3,582,700 31-60 — 984,980 178,799 1,163,779 754,843 61-90 — 311,254 322,016 633,270 515,614 Default — — 2,569,606 2,569,606 4,338,644 Gross Carrying amount 288,484,385 15,853,245 4,397,302 308,734,932 341,603,166 Loss allowance (4,460,088) (853,819) (2,758,796) (8,072,703) (8,236,841) Net Carrying amount 284,024,297 14,999,426 1,638,506 300,662,229 333,366,325 Wholesale Portfolio December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due A 903,893,469 5,013,457 — 908,906,926 1,000,961,837 B1 — 960,759 — 960,759 417,940 Default — — 406,853 406,853 1,422,154 Gross Carrying amount 903,893,469 5,974,216 406,853 910,274,538 1,002,801,931 Loss allowance (2,811,154) (426,487) (271,148) (3,508,789) (4,898,659) Net Carrying amount 901,082,315 5,547,729 135,705 906,765,749 997,903,272 Naranja X December 31, 2022 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 303,711,671 1,995,712 482,741 306,190,124 329,892,757 1-30 18,495,084 806,646 139,159 19,440,889 15,737,905 31-60 — 6,682,840 144,715 6,827,555 4,724,469 61-90 — 2,820,265 114,012 2,934,277 2,473,086 Default — — 8,280,357 8,280,357 7,727,163 Gross Carrying amount 322,206,755 12,305,463 9,160,984 343,673,202 360,555,380 Loss allowance (7,874,190) (3,297,262) (5,297,106) (16,468,558) (18,763,655) Net Carrying amount 314,332,565 9,008,201 3,863,878 327,204,644 341,791,725 Retail Portfolio December 31, 2021 December 31, 2020 ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 320,364,389 107,481,301 5,876,694 433,722,384 479,431,987 1-30 5,017,194 5,631,652 1,212,903 11,861,749 11,915,088 31-60 — 3,453,046 891,243 4,344,289 3,076,452 61-90 — 1,754,004 1,273,632 3,027,636 1,929,130 Default — — 27,483,672 27,483,672 16,338,835 Gross Carrying amount 325,381,583 118,320,003 36,738,144 480,439,730 512,691,492 Loss allowance (11,385,942) (19,512,589) (29,921,881) (60,820,412) (69,025,765) Net Carrying amount 313,995,641 98,807,414 6,816,263 419,619,318 443,665,727 Retail like Portfolio December 31, 2021 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 299,083,771 31,221,936 2,105,658 332,411,365 346,717,647 1-30 2,153,637 1,026,827 402,236 3,582,700 5,083,637 31-60 — 591,067 163,776 754,843 636,424 61-90 — 273,453 242,161 515,614 179,077 Default — — 4,338,644 4,338,644 3,491,097 Gross Carrying amount 301,237,408 33,113,283 7,252,475 341,603,166 356,107,882 Loss allowance (502,138) (2,651,733) (5,082,970) (8,236,841) (13,295,225) Net Carrying amount 300,735,270 30,461,550 2,169,505 333,366,325 342,812,657 Wholesale Portfolio December 31, 2021 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due A 967,578,509 33,383,328 — 1,000,961,837 812,383,746 B1 — 417,940 — 417,940 2,946,857 Default — — 1,422,154 1,422,154 2,340,836 Gross Carrying amount 967,578,509 33,801,268 1,422,154 1,002,801,931 817,671,439 Loss allowance (2,854,090) (623,198) (1,421,371) (4,898,659) (9,378,252) Net Carrying amount 964,724,419 33,178,070 783 997,903,272 808,293,187 Naranja X December 31, 2021 December 31, ECL Staging Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Total Total Days past due 0 325,828,310 3,505,494 558,953 329,892,757 256,552,154 1-30 14,711,777 863,047 163,081 15,737,905 10,332,004 31-60 — 4,626,519 97,950 4,724,469 2,648,967 61-90 — 2,389,335 83,751 2,473,086 1,186,546 Default — — 7,727,163 7,727,163 5,806,493 Gross Carrying amount 340,540,087 11,384,395 8,630,898 360,555,380 276,526,164 Loss allowance (11,059,883) (2,449,329) (5,254,443) (18,763,655) (18,068,601) Net Carrying amount 329,480,204 8,935,066 3,376,455 341,791,725 258,457,563 |
Summary of Information On Balance Sheet Items And Their Collateral In Offsets As Well As Loan And Other Credit - Related Commitments | Assets Subject to Impairment Item Carrying Amount Loss Allowances Net Gross Carrying Collateral´s Fair Advances 66,463,313 (1,396,467) 65,066,846 — Documents 310,595,276 (1,004,755) 309,590,521 — Mortgage Loans 19,400,825 (4,050,793) 15,350,032 296,771,586 Pledge Loans 25,613,225 (201,195) 25,412,030 135,790,974 Personal Loans 113,819,719 (14,698,456) 99,121,263 — Credit Card Loans 650,493,992 (30,802,855) 619,691,137 — Financial Leases 3,478,221 (29,020) 3,449,201 — Others 798,610,386 (17,779,483) 780,830,903 222,172,002 Total as of December 31, 2022 1,988,474,957 (69,963,024) 1,918,511,933 654,734,562 |
Summary of Mortgage Portfolio LTV Distribution | The following table shows information about the mortgage portfolio LTV distribution. Mortgages Portfolio -LTV Distribution Exposure Lower than 50% 43,745 50 to 60% 12,632 60 to 70% 4,474 70 to 80% 1,393 80 to 90% 731 90 to 100% 400 Higher than 100% 416 Total 63,791 |
Summary of Changes in Loss Allowance and Explanation of Changes in Gross Carrying Amount Between Beginning and End of Annual Period | The following tables explain the changes in the loss allowance between the beginning and the end of the fiscal year due to these factors: Stage 1 Stage 2 Stage 3 Retail Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2021 11,385,942 19,512,589 29,921,881 60,820,412 Inflation effect (7,076,542) (9,365,996) (14,643,752) (31,086,290) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (386,558) 386,558 — — Transfer from Stage 1 to Stage 3 (203,345) — 203,345 — Transfer from Stage 2 to Stage 1 1,144,510 (1,144,510) — — Transfer from Stage 2 to Stage 3 — (556,417) 556,417 — Transfer from Stage 3 to Stage 1 — 556,846 (556,846) — Transfer from Stage 3 to Stage 2 893,879 — (893,879) — New Financial Assets Originated or Purchased 10,808,982 8,178,683 9,714,517 28,702,182 Changes in PDs/LGDs/EADs 911,533 1,114,440 (1,445,831) 580,142 Foreign exchange and other movements (2,037,565) (4,006,227) 1,533,738 (4,510,054) Other movements with no P&L impact Write-offs and other movements (1,640,871) (4,226,691) (6,725,856) (12,593,418) Loss Allowance as of December 31, 2022 13,799,965 10,449,275 17,663,734 41,912,974 Stage 1 Stage 2 Stage 3 Retail Like Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2021 502,138 2,651,733 5,082,970 8,236,841 Inflation effect (1,309,196) (1,144,910) (2,381,663) (4,835,769) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (10,610) 10,610 — — Transfer from Stage 1 to Stage 3 (2,675) — 2,675 — Transfer from Stage 2 to Stage 1 45,464 (45,464) — — Transfer from Stage 2 to Stage 3 — (12,252) 12,252 — Transfer from Stage 3 to Stage 1 — 46,431 (46,431) — Transfer from Stage 3 to Stage 2 32,962 — (32,962) — New Financial Assets Originated or Purchased 4,818,218 634,751 2,043,634 7,496,603 Changes in PDs/LGDs/EADs 708,124 175,892 (25,254) 858,762 Foreign exchange and other movements (125,987) (1,343,062) (480,160) (1,949,209) Other movements with no P&L impact Write-offs and other movements (198,350) (119,910) (1,416,265) (1,734,525) Loss Allowance as of December 31, 2022 4,460,088 853,819 2,758,796 8,072,703 Stage 1 Stage 2 Stage 3 Wholesale Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2021 2,854,090 623,198 1,421,371 4,898,659 Inflation effect (1,384,307) (322,304) (469,961) (2,176,572) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (2,353) 2,353 — — Transfer from Stage 1 to Stage 3 (723) — 723 — Transfer from Stage 2 to Stage 1 62,106 (62,106) — — Transfer from Stage 2 to Stage 3 — (46) 46 — Transfer from Stage 3 to Stage 1 — — — — Transfer from Stage 3 to Stage 2 — — — — New Financial Assets Originated or Purchased 3,169,125 389,542 148,122 3,706,789 Changes in PDs/LGDs/EADs (2,978) (32,146) (97) (35,221) Foreign exchange and other movements (62,244) 63,572 139,465 140,793 Other movements with no P&L impact Write-offs and other movements (1,821,562) (235,576) (968,521) (3,025,659) Loss Allowance as of December 31, 2022 2,811,154 426,487 271,148 3,508,789 Stage 1 Stage 2 Stage 3 Naranja X 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2021 11,059,883 2,449,329 5,254,443 18,763,655 Inflation effect (6,283,934) (1,993,355) (3,521,273) (11,798,562) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (227,468) 227,468 — — Transfer from Stage 1 to Stage 3 (272,750) — 272,750 — Transfer from Stage 2 to Stage 1 160,125 (160,125) — — Transfer from Stage 2 to Stage 3 — (242,841) 242,841 — Transfer from Stage 3 to Stage 1 — 15,409 (15,409) — Transfer from Stage 3 to Stage 2 21,088 — (21,088) — New Financial Assets Originated or Purchased 3,808,598 4,107,568 6,463,039 14,379,205 Changes in PDs/LGDs/EADs (1,687,752) (171,569) (384,925) (2,244,246) Foreign exchange and other movements 1,893,302 (231,845) 851,828 2,513,285 Other movements with no P&L impact Write-offs and other movements (596,902) (702,777) (3,845,100) (5,144,779) Loss Allowance as of December 31, 2022 7,874,190 3,297,262 5,297,106 16,468,558 Stage 1 Stage 2 Stage 3 Retail Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2020 14,566,640 37,129,499 17,329,625 69,025,764 Inflation effect (5,131,753) (11,610,961) (9,361,388) (26,104,102) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (1,000,522) 1,000,522 — — Transfer from Stage 1 to Stage 3 (359,222) — 359,222 — Transfer from Stage 2 to Stage 1 1,404,210 (1,404,210) — — Transfer from Stage 2 to Stage 3 — (1,095,367) 1,095,367 — Transfer from Stage 3 to Stage 1 — 901,772 (901,772) — Transfer from Stage 3 to Stage 2 470,276 — (470,276) — New Financial Assets Originated or Purchased 3,617,411 4,643,702 17,886,568 26,147,681 Changes in PDs/LGDs/EADs 660,892 1,666,662 (2,283,492) 44,062 Foreign exchange and other movements (1,757,911) (10,275,159) 11,036,132 (996,938) Other movements with no P&L impact Write-offs and other movements (1,084,079) (1,443,871) (4,768,105) (7,296,055) Loss Allowance as of December 31, 2021 11,385,942 19,512,589 29,921,881 60,820,412 Stage 1 Stage 2 Stage 3 Retail Like Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2020 1,644,197 6,265,275 5,385,753 13,295,225 Inflation effect (397,806) (1,816,419) (2,100,227) (4,314,452) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (73,579) 73,579 — — Transfer from Stage 1 to Stage 3 (22,615) — 22,615 — Transfer from Stage 2 to Stage 1 88,736 (88,736) — — Transfer from Stage 2 to Stage 3 — (86,393) 86,393 — Transfer from Stage 3 to Stage 1 — 91,506 (91,506) — Transfer from Stage 3 to Stage 2 134,051 — (134,051) — New Financial Assets Originated or Purchased 328,643 98,061 4,021,445 4,448,149 Changes in PDs/LGDs/EADs (503,959) (341,225) (505,660) (1,350,844) Foreign exchange and other movements (3,623) (1,368,845) 86,338 (1,286,130) Other movements with no P&L impact Write-offs and other movements (691,907) (175,070) (1,688,130) (2,555,107) Loss Allowance as of December 31, 2021 502,138 2,651,733 5,082,970 8,236,841 Stage 1 Stage 2 Stage 3 Wholesale Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2020 5,762,039 1,832,073 1,784,140 9,378,252 Inflation effect (1,621,545) (663,489) (506,298) (2,791,332) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (41,528) 41,528 — — Transfer from Stage 1 to Stage 3 — — — — Transfer from Stage 2 to Stage 1 272,260 (272,260) — — Transfer from Stage 2 to Stage 3 — (600,730) 600,730 — Transfer from Stage 3 to Stage 1 — — — — Transfer from Stage 3 to Stage 2 — — — — New Financial Assets Originated or Purchased 1,951,943 413,186 577 2,365,706 Changes in PDs/LGDs/EADs 468,363 25,084 (88,080) 405,367 Foreign exchange and other movements (3,008,409) (50,360) 676,978 (2,381,791) Other movements with no P&L impact Write-offs and other movements (929,033) (101,834) (1,046,676) (2,077,543) Loss Allowance as of December 31, 2021 2,854,090 623,198 1,421,371 4,898,659 Stage 1 Stage 2 Stage 3 Naranja X 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2020 10,901,355 1,732,257 5,434,989 18,068,601 Inflation effect (4,150,042) (818,358) (1,974,916) (6,943,316) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (163,872) 163,872 — — Transfer from Stage 1 to Stage 3 (262,684) — 262,684 — Transfer from Stage 2 to Stage 1 433,524 (433,524) — — Transfer from Stage 2 to Stage 3 — (196,496) 196,496 — Transfer from Stage 3 to Stage 1 — 20,759 (20,759) — Transfer from Stage 3 to Stage 2 333,281 — (333,281) — New Financial Assets Originated or Purchased 6,959,111 2,782,950 5,694,790 15,436,851 Changes in PDs/LGDs/EADs (1,976,128) (275,449) (596,722) (2,848,299) Foreign exchange and other movements (165,286) (36,732) (78,800) (280,818) Other movements with no P&L impact Write-offs and other movements (849,376) (489,950) (3,330,038) (4,669,364) Loss Allowance as of December 31, 2021 11,059,883 2,449,329 5,254,443 18,763,655 Stage 1 Stage 2 Stage 3 Retail Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2019 16,212,557 7,511,120 18,319,003 42,042,680 Inflation effect (5,714,689) (5,590,035) (6,541,478) (17,846,202) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (1,465,659) 1,465,659 — — Transfer from Stage 1 to Stage 3 (347,548) — 347,548 — Transfer from Stage 2 to Stage 1 1,139,386 (1,139,386) — — Transfer from Stage 2 to Stage 3 — (988,108) 988,108 — Transfer from Stage 3 to Stage 1 585,092 — (585,092) — Transfer from Stage 3 to Stage 2 — 1,061,621 (1,061,621) — New Financial Assets Originated or Purchased 4,075,738 2,294,331 6,094,385 12,464,454 Changes in PDs/LGDs/EADs 7,087,517 33,062,541 8,110,954 48,261,012 Foreign exchange and other movements (3,960,745) 1,557,157 1,618,501 (785,087) Other movements with no P&L impact Write-offs and other movements (3,045,009) (2,105,401) (9,960,683) (15,111,093) Loss Allowance as of December 31, 2020 14,566,640 37,129,499 17,329,625 69,025,764 Stage 1 Stage 2 Stage 3 Retail Like Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2019 1,412,677 586,483 10,065,525 12,064,685 Inflation effect (472,580) (527,464) (2,991,632) (3,991,676) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (106,501) 106,501 — — Transfer from Stage 1 to Stage 3 (10,003) — 10,003 — Transfer from Stage 2 to Stage 1 86,330 (86,330) — — Transfer from Stage 2 to Stage 3 — (25,863) 25,863 — Transfer from Stage 3 to Stage 1 (50,469) — 50,469 — Transfer from Stage 3 to Stage 2 — 212,515 (212,515) — New Financial Assets Originated or Purchased 1,408,460 458,350 3,820,066 5,686,876 Changes in PDs/LGDs/EADs (3,309,974) 5,077,553 1,949,467 3,717,046 Foreign exchange and other movements 3,393,691 1,257,930 (57,840) 4,593,781 Other movements with no P&L impact Write-offs and other movements (707,434) (794,400) (7,273,653) (8,775,487) Loss Allowance as of December 31, 2020 1,644,197 6,265,275 5,385,753 13,295,225 Stage 1 Stage 2 Stage 3 Wholesale Portfolio 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2019 1,996,426 885,647 17,983,770 20,865,843 Inflation effect 88,356 (38,504) (4,582,608) (4,532,756) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (177,575) 177,575 — — Transfer from Stage 1 to Stage 3 (39) — 39 — Transfer from Stage 2 to Stage 1 15,741 (15,741) — — Transfer from Stage 2 to Stage 3 — (50,175) 50,175 — Transfer from Stage 3 to Stage 1 — — — — Transfer from Stage 3 to Stage 2 — — — — New Financial Assets Originated or Purchased 1,779,765 312,415 146,712 2,238,892 Changes in PDs/LGDs/EADs 5,396,825 1,214,580 2,661,278 9,272,683 Foreign exchange and other movements 319,447 218,270 (47,306) 490,411 Other movements with no P&L impact Write-offs and other movements (3,656,907) (871,994) (14,427,920) (18,956,821) Loss Allowance as of December 31, 2020 5,762,039 1,832,073 1,784,140 9,378,252 Stage 1 Stage 2 Stage 3 Naranja X 12-month Lifetime Lifetime Total Loss Allowance as of December 31, 2019 8,099,136 2,818,599 18,756,242 29,673,977 Inflation effect (2,829,398) (856,196) (5,317,832) (9,003,426) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (212,200) 212,200 — — Transfer from Stage 1 to Stage 3 (428,479) — 428,479 — Transfer from Stage 2 to Stage 1 — (455,791) 455,791 — Transfer from Stage 2 to Stage 3 511,451 (511,451) — — Transfer from Stage 3 to Stage 1 318,643 — (318,643) — Transfer from Stage 3 to Stage 2 — 39,923 (39,923) — New Financial Assets Originated or Purchased 8,587,755 729,179 778,649 10,095,583 Changes in PDs/LGDs/EADs 855,643 241,941 860,966 1,958,550 Foreign exchange and other movements — — — — Other movements with no P&L impact Write-offs and other movements (4,001,196) (486,147) (10,168,740) (14,656,083) Loss Allowance as of December 31, 2020 10,901,355 1,732,257 5,434,989 18,068,601 The following table further explains changes in the gross carrying amount of specific segment portfolio to help explain their significance to the changes in the loss allowance: Stage 1 Stage 2 Stage 3 Retail Portfolio 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2021 325,381,583 118,320,003 36,738,144 480,439,730 Transfers: Transfers from Stage 1 to Stage 2 (9,462,311) 9,462,311 — — Transfers from Stage 1 to Stage 3 (3,278,979) — 3,278,979 — Transfers from Stage 2 to stage 1 22,163,715 (22,163,715) — — Transfers from Stage 2 to Stage 3 — (2,707,010) 2,707,010 — Transfers from Stage 3 to Stage 2 — 746,701 (746,701) — Transfers from Stage 3 to Stage 1 1,171,318 — (1,171,318) — Financial assets derecognized during the period other than write-offs (46,492,531) (23,056,454) (10,666,548) (80,215,533) New financial assets originated or purchased 152,427,910 30,522,084 9,337,360 192,287,354 Foreign exchange and other movements 60,514,540 5,932,842 (342,228) 66,105,154 Inflation Effect (157,367,697) (57,578,656) (17,878,067) (232,824,420) Gross carrying amount as of December 31, 2022 345,057,548 59,478,106 21,256,631 425,792,285 Stage 1 Stage 2 Stage 3 Retail like Portfolio 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2021 301,237,408 33,113,283 7,252,475 341,603,166 Transfers: Transfers from Stage 1 to Stage 2 (2,683,417) 2,683,417 — — Transfers from Stage 1 to Stage 3 (306,706) — 306,706 — Transfers from Stage 2 to Stage 1 6,849,837 (6,849,837) — — Transfers from Stage 2 to Stage 3 — (280,745) 280,745 — Transfers from Stage 3 to Stage 2 — 66,910 (66,910) — Transfers from Stage 3 to Stage 1 46,340 — (46,340) — Financial assets derecognized during the period other than write-offs (102,487,078) (5,665,314) (2,636,810) (110,789,202) New financial assets originated or purchased 227,094,096 7,952,659 2,467,999 237,514,754 Foreign exchange and other movements 5,326,574 946,955 368,745 6,642,274 Inflation Effect (146,592,669) (16,114,083) (3,529,308) (166,236,060) Gross carrying amount as of December 31, 2022 288,484,385 15,853,245 4,397,302 308,734,932 Stage 1 Stage 2 Stage 3 Wholesale Portfolio 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2021 967,578,509 33,801,268 1,422,154 1,002,801,931 Transfers: Transfers from Stage 1 to Stage 2 (665,540) 665,540 — — Transfers from Stage 1 to Stage 3 (255,703) — 255,703 — Transfers from Stage 2 to Stage 1 3,641,094 (3,641,094) — — Transfers from Stage 2 to Stage 3 — (14,672) 14,672 — Transfers from Stage 3 to Stage 2 — — — — Transfers from Stage 3 to Stage 1 — — — — Financial assets derecognized during the period other than write-offs (637,090,574) (11,132,908) (1,272,683) (649,496,165) New financial assets originated or purchased 814,445,099 2,747,286 176,058 817,368,443 Foreign exchange and other movements 44,688,624 (2,324) 503,019 45,189,319 Inflation Effect (288,448,040) (16,448,880) (692,070) (305,588,990) Gross carrying amount as of December 31, 2022 903,893,469 5,974,216 406,853 910,274,538 Stage 1 Stage 2 Stage 3 Naranja X 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2021 340,540,087 11,384,395 8,630,898 360,555,380 Transfers: Transfers from Stage 1 to Stage 2 (4,835,368) 4,835,368 — — Transfers from Stage 1 to Stage 3 (4,490,879) — 4,490,879 — Transfers from Stage 2 to Stage 1 2,890,092 (2,890,092) — — Transfers from Stage 2 to Stage 3 — (1,002,079) 1,002,079 — Transfers from Stage 3 to Stage 2 — 59,015 (59,015) — Transfers from Stage 3 to Stage 1 492,246 — (492,246) — Financial assets derecognized during the period other than write-offs (4,880,277) (1,806,648) (3,797,975) (10,484,900) New financial assets originated or purchased 158,209,583 7,265,549 3,586,461 169,061,593 Foreign exchange and other movements — — — — Inflation Effect (165,718,729) (5,540,045) (4,200,097) (175,458,871) Gross carrying amount as of December 31, 2022 322,206,755 12,305,463 9,160,984 343,673,202 Stage 1 Stage 2 Stage 3 Retail Portfolio 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2020 343,769,409 147,722,731 21,199,352 512,691,492 Transfers: Transfers from Stage 1 to Stage 2 (24,353,507) 24,353,507 — — Transfers from Stage 1 to Stage 3 (7,160,779) — 7,160,779 — Transfers from Stage 2 to Stage 1 24,030,326 (24,030,326) — — Transfers from Stage 2 to Stage 3 — (10,011,916) 10,011,916 — Transfers from Stage 3 to Stage 2 — 1,222,395 (1,222,395) — Transfers from Stage 3 to Stage 1 645,141 — (645,141) — Financial assets derecognized during the period other than write-offs (33,541,699) (15,925,615) (6,656,773) (56,124,087) New financial assets originated or purchased 90,812,821 37,371,767 17,950,811 146,135,399 Foreign exchange and other movements 46,033,242 7,472,736 (3,905,786) 49,600,192 Inflation Effect (114,853,371) (49,855,276) (7,154,619) (171,863,266) Gross carrying amount as of December 31, 2021 325,381,583 118,320,003 36,738,144 480,439,730 Stage 1 Stage 2 Stage 3 Retail like Portfolio 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2020 310,987,242 38,096,531 7,024,110 356,107,883 Transfers: Transfers from Stage 1 to Stage 2 (11,610,657) 11,610,657 — — Transfers from Stage 1 to Stage 3 (601,556) — 601,556 — Transfers from Stage 2 to Stage 1 5,831,753 (5,831,753) — — Transfers from Stage 2 to Stage 3 — (840,461) 840,461 — Transfers from Stage 3 to Stage 2 — 140,495 (140,495) — Transfers from Stage 3 to Stage 1 192,707 — (192,707) — Financial assets derecognized during the period other than write-offs (121,979,493) (7,678,208) (2,630,203) (132,287,904) New financial assets originated or purchased 227,280,279 8,808,873 4,761,680 240,850,832 Foreign exchange and other movements (3,907,078) 1,664,434 (641,345) (2,883,989) Inflation Effect (104,955,789) (12,857,285) (2,370,582) (120,183,656) Gross carrying amount as of December 31, 2021 301,237,408 33,113,283 7,252,475 341,603,166 Stage 1 Stage 2 Stage 3 Wholesale Portfolio 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2020 787,770,121 39,865,673 2,340,837 829,976,631 Transfers: Transfers from Stage 1 to Stage 2 (10,752,480) 10,752,480 — — Transfers from Stage 1 to Stage 3 — — — — Transfers from Stage 2 to Stage 1 2,253,243 (2,253,243) — — Transfers from Stage 2 to Stage 3 — (853,309) 853,309 — Transfers from Stage 3 to Stage 2 — — — — Transfers from Stage 3 to Stage 1 — — — — Financial assets derecognized during the period other than write-offs (482,790,522) (8,525,129) (909,573) (492,225,224) New financial assets originated or purchased 681,349,422 16,588,494 1,079 697,938,995 Foreign exchange and other movements 174,843,635 (8,319,342) (73,484) 166,450,809 Inflation Effect (185,094,910) (13,454,356) (790,014) (199,339,280) Gross carrying amount as of December 31, 2021 967,578,509 33,801,268 1,422,154 1,002,801,931 Stage 1 Stage 2 Stage 3 Naranja X 12-month Lifetime Lifetime Total Gross carrying amount as of December 31, 2020 262,330,753 7,220,399 6,975,012 276,526,164 Transfers: Transfers from Stage 1 to Stage 2 (3,261,759) 3,261,759 — — Transfers from Stage 1 to Stage 3 (3,799,780) — 3,799,780 — Transfers from Stage 2 to Stage 1 2,411,298 (2,411,298) — — Transfers from Stage 2 to Stage 3 — (689,135) 689,135 — Transfers from Stage 3 to Stage 2 — 30,773 (30,773) — Transfers from Stage 3 to Stage 1 488,500 — (488,500) — Financial assets derecognized during the period other than write-offs (4,303,118) (1,276,805) (4,384,804) (9,964,727) New financial assets originated or purchased 175,208,793 7,685,532 4,425,060 187,319,385 Foreign exchange and other movements — — — — Inflation Effect (88,534,600) (2,436,830) (2,354,012) (93,325,442) Gross carrying amount as of December 31, 2021 340,540,087 11,384,395 8,630,898 360,555,380 |
Contingencies and Commitments (
Contingencies and Commitments (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Contingencies And Commitments [Abstract] | |
Summary of Provisions for Contingencies | The provisions for contingencies recorded are as follows: 12.31.22 12.31.21 Other Contingencies 7,346,416 7,874,793 For Commercial Lawsuits/Legal matters 5,364,381 5,326,109 For Labor Lawsuits 538,162 739,127 For Claims and Credit Cards 200 390 For Guarantees Granted 1,142 2,225 For Other Contingencies 1,442,531 1,806,942 For Termination Benefits 2,777,084 512,006 Difference for Dollarization of Judicial Deposits—Communication “A” 4686 131,523 148,257 Total 10,255,023 8,535,056 |
Offsetting of Financial Asset_2
Offsetting of Financial Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [abstract] | |
Summary of Financial Instruments Subject to Offsetting, Master Netting Agreements and Similar Agreements | The financial instruments subject to offsetting, master netting agreements and similar agreements as of December 31, 2022 and 2021 are as follows: Offsetting effects on Statement of Related amounts not 12.31.22 Gross Offset Net Subject to Total Net Financial Assets Derivate Instruments 1,070,298 — 1,070,298 (1,033,708) 36,590 Total 1,070,298 — 1,070,298 (1,033,708) 36,590 Financial Liabilities Derivate Instruments 1,133,943 — 1,133,943 (1,033,708) 100,235 Total 1,133,943 — 1,133,943 (1,033,708) 100,235 Offsetting effects on Statement of Related amounts not 12.31.21 Gross Offset Net Subject to Total Net Financial Assets Derivate Instruments 208,098 — 208,098 (194,641) 13,457 Total 208,098 — 208,098 (194,641) 13,457 Financial Liabilities Derivate Instruments 249,179 — 249,179 (194,641) 54,538 Total 249,179 — 249,179 (194,641) 54,538 |
Off-balance Sheet Items (Tables
Off-balance Sheet Items (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of credit risk exposure [abstract] | |
Schedule of Credit Exposure | The credit exposure for these transactions is detailed below. 12.31.22 12.31.21 Agreed Credits 104,414,369 105,928,657 Documentary Export and Import Credits 3,926,770 11,583,342 Guarantees Granted 73,166,630 22,478,015 Liabilities for Foreign Trade Operations 3,343,274 1,699,613 |
Schedule of Fees and Commissions Related to Credit Exposure | The fees and commissions related to the items mentioned above as of the indicated dates were as follows: 12.31.22 12.31.21 For Agreed Credits 187,208 170,183 For Documentary Export and Import Credits 234,130 154,584 For Guarantees Granted 110,265 65,916 |
Schedule of Counter-guarantees, Classified by Type | To grant guarantees to our customers, we may require counter-guarantees, which, classified by type, amount to: 12.31.22 12.31.21 Other Preferred Guarantees Received 652,888 32,657 Other Guarantees Received 4,656,895 1,038,715 |
Schedule of Credit Risk by Probability of Default | The risk of loss in these offsetting transactions is not significant. 12.31.22 12.31.21 Values to be Debited 22,617,220 18,181,314 Values to be Credited 24,268,481 20,604,627 Values for Collection 231,487,473 280,252,236 |
Schedule of Amounts of Trust Funds and Securities Held in Custody | The Group acts as trustee by virtue of trust agreements to secure obligations derived from several agreements between parties. The amounts of trust funds and securities held in custody as of the indicated dates are as follows: 12.31.22 12.31.21 Trust Funds 14,547,762 19,393,590 Securities Held in Escrow 3,254,360,176 3,513,435,889 |
Non-controlling Interest (Table
Non-controlling Interest (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure Of Non Controlling Interests [abstract] | |
Summary of Non-controlling Equity Investment Percentages and Votes | The non-controlling equity investment percentages and votes as of the indicated dates are as follows: Company Place of Business 12.31.22 12.31.21 Galicia Broker Asesores de Seguros S.A. CABA -Argentina 0.01 % 0.01 % |
Summary of Movements in Group's Significant Non-Controlling Interests | Changes in the Group’s non-controlling interests as of the indicated dates were as follows: Company Balance Purchases / Cash Profit Balance Galicia Broker Asesores de Seguros S.A. 10 — — 9 19 Total 10 — — 9 19 Company Balance as Purchases / Cash Profit Balance Galicia Broker Asesores de Seguros S.A. 10 — — — 10 Total 10 — — — 10 Company Balance as Purchases / Cash Profit Balance as Cobranzas Regionales S.A. (78,317) 78,317 — — — Galicia Broker Asesores de Seguros S.A. 12 — — (2) 10 Galicia Retiro Compañía de Seguros S.A.U. 12 — — (12) — Galicia Seguros S.A.U. 16 — — (16) — Naranja Digital Compañía Financiera S.A.U. (60,339) 60,339 — — — Ondara S.A. (liquidated) 33,465 (33,465) — — — Tarjeta Naranja S.A.U. 10,114,135 (10,114,135) — — — Tarjetas Regionales S.A. 1,571,340 (2,151,371) (422,935) 1,002,966 — Total 11,580,324 (12,160,315) (422,935) 1,002,936 10 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of transactions between related parties [abstract] | |
Summary of Controlled Entity of Related Party Transactions | The Group is controlled by: Name Nature Principal Line of Business Place of Business Equity Investment % EBA Holding S.A. 54.09% of voting rights Financial and Investment Autonomous City of Buenos Aires – Argentina 19.07% |
Compensation of Key Management Personnel | Key personnel’s structure as of the indicated dates is as follows: 12.31.22 12.31.21 Regular Directors 79 80 General Manager 1 1 Area and department Managers 95 89 Total 175 170 |
Summary of Total Assistance Granted by Group to Key Personnel, Syndics, Majority Shareholders, as well as all Individuals | The following table shows the total credit assistance granted by the Group to key personnel, syndics, majority shareholders, as well as all individuals who are related to them by a family relationship of up to the second degree of consanguinity or first degree by affinity (pursuant to the Argentine Central Bank’s definition of related individual) and any entity affiliated with any of these parties, not required to be consolidated. 12.31.22 12.31.21 Total Amount of Credit Assistance 5,505,721 8,589,049 Number of Addressees (quantities) 279 280 - Natural Persons 219 221 - Legal Entities 60 59 Average Amount of Credit Assistance 19,734 30,676 Maximum Assistance 843,892 3,238,904 |
Summary of Amounts of Related Party Transactions | The amounts of related party transactions conducted as of the indicated dates are as follows: 12.31.22 12.31.21 Assets Cash and Due from Banks 5,048,868 8,357,923 Debt Securities at Fair Value through Profit or Loss 4,057,904 1,217,662 Derivative Financial Instruments 1,241,177 660,119 Repurchase Transactions 10,916,515 — Other Financial Assets 51,720 — Loans and Other Financing 35,453,589 18,041,984 Other Debt Securities 362,621 244,647 Total Assets 57,132,394 28,522,335 Liabilities Deposits 7,352,996 9,335,744 Derivative Financial Instruments 1,241,177 660,119 Repurchase Transactions 10,916,515 — Other Financial Liabilities 74,970 199,199 Financing Received from the Argentine Central Bank and other Financial Institutions 33,068,323 16,808,004 Debt Securities Issued 4,420,525 1,462,309 Liabilities for Insurance Contracts 4,332 1,724 Other Non-financial Liabilities 53,556 55,236 Total Liabilities 57,132,394 28,522,335 12.31.22 12.31.21 12.31.20 Income (Loss) Net Income (Loss) from Interest 2,098,935 (1,101,914) (665,867) Net Fee Income (Expense) 2,974,406 3,452,512 3,192,339 Net Income from Financial Instruments Measured at Fair Value through Profit or Loss (2,258,171) 660,119 2,658 Other Operating Income (Expense) 2,963,883 3,087,267 3,509,103 Income from Insurance Business (5,114,755) (6,037,909) (5,896,993) Administrative Expenses (325,204) (273,741) — Other Operating Expenses (7,096) (14,267) (42,513) Total Income 331,998 (227,933) 98,727 |
Additional Information Requir_2
Additional Information Required by the Argentine Central Bank (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Additional information [abstract] | |
Summary of Restricted Assets | a) Cash and Government Securities 12.31.22 12.31.21 For transactions in ROFEX, MAE and BYMA 52,044,160 21,824,166 For appraisals from repo transactions — 70,024 For debit / credit cards transactions 7,732,900 8,985,815 For attachments 10,009 18,330 Liquid offsetting entry required to operate as CNV agent 162,086 168,301 For contribution to M.A.E.’ s Joint Guarantee Fund ( Fondo de Garantía Mancomunada ) 1,100 2,143 Guarantees for the Regional Economies Competitiveness Program 86,801 252,851 For other transactions (includes guarantees linked to rental contracts) 40,505 47,043 For forward purchases of repurchase transactions — 630,222 b) Special Guarantees Accounts Special guarantee accounts have been opened at the Argentine Central Bank as collateral for transactions involving electronic clearing houses, checks for settling debts and other similar transactions as of the indicated dates, which amount to: 12.31.22 12.31.21 Escrow Accounts 40,024,234 36,054,654 c) Deposits in favor of the Argentine Central Bank 12.31.22 12.31.21 Unavailable deposits due to exchange transactions 533 1,038 d) Equity Investments The account “Equity Investments” includes 1,222,406 non-transferablenon-endorsable registered ordinary shares in Electrigal S.A., the transfer of which is subject to approval by the national authorities, according to the terms of the previously executed concession contract. e) Contributions to Risk Fund Banco de Galicia y Buenos Aires S.A.U., in its capacity as sponsoring partner in Garantizar S.G.R. Risk Fund, Don Mario S.G.R. and Móvil S.G.R., is committed to maintaining the contributions made to them for two (2) years. 12.31.22 12.31.21 Fondo de Riesgo Garantizar SGR 1,124,476 1,928,453 Don Mario SGR 500,000 — Movil SGR 100,000 — INVIU S.A.U. 12.31.22 12.31.21 Liquid offsetting entry required to operate as CNV agents 60,166 65,201 Guarantees linked to surety bonds 63,333 8,824 Tarjeta Naranja S.A.U. 12.31.22 12.31.21 Attachments arising from judicial cases 173,624 193,340 Guarantees linked to rental contracts 8,521 16,842 Galicia Asset Management S.A.U. 12.31.22 12.31.21 Liquid offsetting entry required to operate as collective investment products administration agents of mutual funds, as required by CNV(*) 98,452 102,444 (*) As of December 31, 2022, it corresponds to 6,600,000 shares of Fima Capital Plus “C” Mutual Fund. Galicia Securities S.A.U. 12.31.22 12.31.21 For transactions in the market 272,665 317,204 Liquid offsetting entry required to operate as CNV agents 59,763 48,068 Guarantees linked to surety bonds 357,182 39,382 The total amount of restricted assets for the reasons stated above in the aforementioned controlled companies, as of the indicated dates, is as follows: 12.31.22 12.31.21 Total Restricted Assets 103,478,456 70,774,345 |
Summary of Trust Activities | a) Trust Contracts for Purposes of Guaranteeing Compliance with Obligations: Purpose: In order to guarantee compliance with contractual obligations, the parties to these agreements have agreed to deliver to Banco de Galicia y Buenos Aires S.A.U., as fiduciary property, amounts to be applied according to the following breakdown: Date of Contract Trustor Balances of Trust Funds Maturity (*) 11.23.11 Exxon Mobil 41,478 04.19.23 09.12.14 Coop. de Trab. Portuarios 7,671 09.12.24 03.16.21 Fondo Fiduciario Aceitero 10,686 01.31.23 04.26.22 Fondo Anticiclico Agroalim 7,426 01.31.24 Total 67,261 ____________________ (1) These amounts shall be released monthly until settlement date of trustor obligations or maturity date, whichever occurs first. b) Financial Trust Contracts: Purpose: To administer and exercise the fiduciary ownership of the trust assets until the redemption of debt securities and participation certificates: Contract date Trust Balances of Trust Funds Maturity (*) 12.06.06 GAS I 281,417 12.31.23 05.14.09 GAS II 14,149,612 12.31.23 06.08.11 MILA III 44,870 12.31.23 09.01.11 MILA IV 4,602 12.31.23 Total 14,480,501 (*) Estimated date since maturity date shall occur at the time of the distribution of all of trust assets. |
Summary of Balances of the Mutual Funds | The balances of the Mutual Funds as of the indicated dates are detailed as follows: Mutual Fund 12.31.22 12.31.21 FIMA Acciones 3,813,287 2,465,388 FIMA P.B. Acciones 2,582,474 2,054,173 FIMA Renta en pesos 19,071,848 20,589,512 FIMA Ahorro pesos 28,384,574 34,850,123 FIMA Renta Plus 8,304,489 16,594,936 FIMA Premium 623,265,398 500,851,452 FIMA Ahorro Plus 51,739,245 56,356,580 FIMA Capital Plus 32,193,257 26,837,093 FIMA Abierto PyMES 1,437,879 2,000,343 FIMA Mix I 2,706,104 6,957,717 FIMA Mix II 140,946 — FIMA Renta Fija Internacional 1,140,420 1,517,835 FIMA Sustentable ASG 277,370 — FIMA Acciones Latinoamericanas Dólares (*) 110,516 132,068 Total 775,167,807 671,207,220 ____________________ (*) Stated at the reference exchange rate of the US$ set by the Argentine Central Bank. See Note 1.6.(b). |
Summary of Compliance with Minimum Cash Requirements | As of December 31, 2022, the balances recorded as computable items are as follows: Currency Item Ps. US$ Euros (*) Checking Accounts held in Argentine Central Bank 12,703,548 1,010,394 27 Escrow Accounts held in Argentine Central Bank 40,692,757 3,694 — National Treasury Bonds in Argentine Pesos computable for minimum cash 56,026,785 — — Liquidity Bills computable for minimum cash 254,866 — — Government Securities 153,458,505 — — Total for integration Minimum Cash 263,136,461 1,014,088 27 ____________________ (*) Stated in thousands of US$. |
Schedule of Plan for Distribution of Profit | Shareholders’ equity under the rules of the Argentine Central Bank comprise the following captions: 12.31.22 Share Capital 1,474,692 Additional paid in Capital 17,281,187 Adjustments to shareholders´ equity 217,357,729 Legal reserve 5,194,789 Distributable reserves 316,357,520 Non distributable reserves 218,815 Profit for the year 51,460,139 Total Shareholder’s equity under the rules of the Argentine Central Bank 609,344,871 |
Summary of Percentage of Women in the Group | As of December 31, 2022, the percentage (%) of women in the Group is as follows: Conformation of women in the Group Total Women % of women Regular and Alternate Directors (1) 15 2 13 % Regular and Alternate Trustees (2) 6 1 17 % General, area and department Managers 97 18 19 % Rest of collaborators 8,667 4,419 51 % Total 8,785 4,440 51 % |
Accounting Policies and Basis_4
Accounting Policies and Basis for Preparation - Additional Information (Detail) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of significant accounting policies [abstract] | ||
Reference exchange rate, U.S. Dollars | 177.1283 | 102.75 |
Legal reserve as percentage of net income | 5% | |
Percentage of legal reserves equal to capital stock | 20% | |
Net income percentage appropriated to legal reserve | 20% |
Financial Instruments - Schedul
Financial Instruments - Schedule of Portfolios of Financial Instruments (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | $ 792,270,323 | $ 459,588,993 |
Deposits | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 2,141,977,734 | 2,017,874,559 |
Fair Value through OCI | 0 | 0 |
Liabilities at fair value through profit or loss | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 78,223 | 147,408 |
Amortized Cost | 0 | 0 |
Fair Value through OCI | 0 | 0 |
Derivative Financial Instruments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 1,694,114 | 1,387,179 |
Amortized Cost | 0 | 0 |
Fair Value through OCI | 0 | 0 |
Repurchase Transactions | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | |
Amortized Cost | 631,362 | |
Fair Value through OCI | 0 | |
Other Financial Liabilities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 348,779,269 | 381,231,576 |
Fair Value through OCI | 0 | 0 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 37,438,244 | 46,186,834 |
Fair Value through OCI | 0 | 0 |
Debt Securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 67,303,327 | 54,487,112 |
Fair Value through OCI | 0 | 0 |
Subordinated Debt Securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 45,405,004 | 51,182,953 |
Fair Value through OCI | 0 | 0 |
Cash and Due from Banks | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 447,544,202 | 462,491,302 |
Fair Value through OCI | 0 | 0 |
Argentine Central Bank's Bills | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 720,162,015 | 353,680,977 |
Amortized Cost | 34,707,901 | 0 |
Fair Value through OCI | 0 | 0 |
Government Securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 70,855,902 | 101,105,881 |
Amortized Cost | 0 | 0 |
Fair Value through OCI | 0 | 0 |
Corporate Securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 1,252,406 | 4,802,135 |
Amortized Cost | 0 | 0 |
Fair Value through OCI | 0 | 0 |
Derivative Financial Instruments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 3,327,780 | 2,429,223 |
Amortized Cost | 0 | 0 |
Fair Value through OCI | 0 | 0 |
Repurchase Transactions | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 115,523,908 | 395,830,377 |
Fair Value through OCI | 0 | 0 |
Other Financial Assets | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 10,559,086 | 19,556,018 |
Amortized Cost | 45,012,228 | 25,970,900 |
Fair Value through OCI | 0 | 0 |
Loans and Other Financing | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 1,243,616,465 | 1,450,106,105 |
Fair Value through OCI | 0 | 0 |
Other Debt Securities | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 0 | 0 |
Amortized Cost | 328,275,681 | 175,560,434 |
Fair Value through OCI | 3,691,391 | 8,240,568 |
Financial Assets Pledged as Collateral | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 726,983 | 23,423,855 |
Amortized Cost | 151,375,750 | 45,212,824 |
Fair Value through OCI | 0 | 0 |
Investments in Equity Instruments | ||
Disclosure of detailed information about financial instruments [line items] | ||
Fair Value through Profit or Loss | 2,239,039 | 2,438,682 |
Amortized Cost | 0 | 0 |
Fair Value through OCI | $ 0 | $ 0 |
Fair Values - Schedule of Finan
Fair Values - Schedule of Financial Instruments Measured at Fair Value (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of fair value measurement of assets [line items] | |||
Assets | $ 3,371,637,567 | $ 3,268,713,477 | |
Liabilities | 2,762,760,009 | 2,675,628,185 | |
Other Debt Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 362,983,582 | 175,560,434 | |
Other Financial Assets | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 45,012,228 | 25,970,900 | |
Financial Assets Pledged as Collateral | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 151,375,750 | 45,212,824 | |
Fair Value Level 1 | |||
Disclosure of fair value measurement of assets [line items] | |||
Total | 81,769,438 | 138,322,263 | |
Fair Value Level 1 | Liabilities at fair value through profit or loss | |||
Disclosure of fair value measurement of assets [line items] | |||
Liabilities | 78,223 | 147,408 | |
Fair Value Level 1 | Derivative Financial Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Liabilities | 0 | 0 | |
Fair Value Level 1 | Argentine Central Bank's Bills | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | |
Fair Value Level 1 | Government Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 69,068,417 | 93,883,324 | |
Fair Value Level 1 | Corporate Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 453,514 | 4,143,343 | |
Fair Value Level 1 | Derivative Financial Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 615 | 0 | |
Fair Value Level 1 | Other Debt Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 930,395 | 8,240,568 | |
Fair Value Level 1 | Other Financial Assets | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 10,559,086 | 8,652,774 | |
Fair Value Level 1 | Financial Assets Pledged as Collateral | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 726,983 | 23,423,855 | |
Fair Value Level 1 | Investments in Equity Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 108,651 | 125,807 | |
Fair Value Level 2 | |||
Disclosure of fair value measurement of assets [line items] | |||
Total | 726,517,721 | 358,603,375 | |
Fair Value Level 2 | Liabilities at fair value through profit or loss | |||
Disclosure of fair value measurement of assets [line items] | |||
Liabilities | 0 | 0 | |
Fair Value Level 2 | Derivative Financial Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Liabilities | 1,694,114 | 1,387,179 | |
Fair Value Level 2 | Argentine Central Bank's Bills | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 720,162,015 | 353,680,977 | |
Fair Value Level 2 | Government Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 1,787,485 | 3,856,905 | |
Fair Value Level 2 | Corporate Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 174,174 | 0 | |
Fair Value Level 2 | Derivative Financial Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 3,327,165 | 2,429,223 | |
Fair Value Level 2 | Other Debt Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 2,760,996 | 0 | |
Fair Value Level 2 | Other Financial Assets | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 23,449 | |
Fair Value Level 2 | Financial Assets Pledged as Collateral | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | |
Fair Value Level 2 | Investments in Equity Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | |
Fair Value Level 3 | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 2,755,106 | 17,217,114 | $ 24,853,255 |
Total | 2,755,106 | 17,217,114 | |
Fair Value Level 3 | Liabilities at fair value through profit or loss | |||
Disclosure of fair value measurement of assets [line items] | |||
Liabilities | 0 | 0 | |
Fair Value Level 3 | Derivative Financial Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Liabilities | 0 | 0 | |
Fair Value Level 3 | Argentine Central Bank's Bills | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | |
Fair Value Level 3 | Government Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 3,365,652 | 590,305 |
Fair Value Level 3 | Corporate Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 624,718 | 658,792 | 3,404,848 |
Fair Value Level 3 | Derivative Financial Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | 4,754,672 |
Fair Value Level 3 | Other Debt Securities | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | |
Fair Value Level 3 | Other Financial Assets | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 10,879,795 | 0 |
Fair Value Level 3 | Financial Assets Pledged as Collateral | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | 0 | 0 | |
Fair Value Level 3 | Investments in Equity Instruments | |||
Disclosure of fair value measurement of assets [line items] | |||
Assets | $ 2,130,388 | $ 2,312,875 | $ 16,103,430 |
Fair Values - Summary of Change
Fair Values - Summary of Changes in Instruments Included in Fair Value Level 3 (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | $ 3,268,713,477 | |
Ending balance | 3,371,637,567 | $ 3,268,713,477 |
Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 17,217,114 | 24,853,255 |
Transfers | (1,064,777) | (2,002,626) |
Recognition | 3,035,917 | 17,760,471 |
Derecognition | (10,949,976) | (17,846,787) |
Income (Loss) | 2,764,412 | 1,005,895 |
Inflation Effect | (8,247,584) | (10,558,346) |
Ending balance | 2,755,106 | 17,217,114 |
Government Securities | Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 3,365,652 | 590,305 |
Transfers | 1,404,019 | |
Transfers | (1,620,879) | |
Recognition | 1,382,326 | 4,680,943 |
Derecognition | (2,948,883) | (3,317,433) |
Income (Loss) | 1,206,396 | (80,191) |
Inflation Effect | (1,384,612) | 88,009 |
Ending balance | 0 | 3,365,652 |
Corporate Securities | Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 658,792 | 3,404,848 |
Transfers | 556,102 | |
Transfers | (225,656) | |
Recognition | 1,653,591 | 2,199,733 |
Derecognition | (2,415,787) | (1,420,235) |
Income (Loss) | 262,045 | 91,977 |
Inflation Effect | (90,025) | (3,391,875) |
Ending balance | 624,718 | 658,792 |
Other Financial Assets | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 25,970,900 | |
Ending balance | 45,012,228 | 25,970,900 |
Other Financial Assets | Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 10,879,795 | 0 |
Transfers | 0 | |
Transfers | 0 | |
Recognition | 0 | 10,879,795 |
Derecognition | (5,585,306) | 0 |
Income (Loss) | 0 | 0 |
Inflation Effect | (5,294,489) | 0 |
Ending balance | 0 | 10,879,795 |
Derivative Financial Instruments | Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 0 | 4,754,672 |
Transfers | 0 | |
Recognition | 0 | |
Derecognition | (3,150,006) | |
Income (Loss) | 0 | |
Inflation Effect | (1,604,666) | |
Ending balance | 0 | 0 |
Financial Assets Pledged as Collateral | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 45,212,824 | |
Ending balance | 151,375,750 | 45,212,824 |
Financial Assets Pledged as Collateral | Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 0 | |
Ending balance | 0 | 0 |
Investments in Equity Instruments | Fair Value Level 3 | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 2,312,875 | 16,103,430 |
Transfers | 0 | 824,263 |
Recognition | 0 | 0 |
Derecognition | 0 | (9,959,113) |
Income (Loss) | 1,295,971 | 994,109 |
Inflation Effect | (1,478,458) | (5,649,814) |
Ending balance | $ 2,130,388 | $ 2,312,875 |
Fair Values - Summary of Assets
Fair Values - Summary of Assets and Liabilities Recorded at Amortized Cost (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | $ 3,371,637,567 | $ 3,268,713,477 | |
Liabilities | 2,762,760,009 | 2,675,628,185 | |
Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 2,755,106 | 17,217,114 | $ 24,853,255 |
Deposits | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Liabilities | 2,141,977,734 | 2,017,874,559 | |
Deposits | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 2,141,929,186 | 2,017,831,939 | |
Deposits | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Deposits | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Deposits | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 2,141,929,186 | 2,017,831,939 | |
Repurchase Transactions | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Liabilities | 631,362 | ||
Repurchase Transactions | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 631,362 | ||
Repurchase Transactions | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | ||
Repurchase Transactions | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | ||
Repurchase Transactions | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 631,362 | ||
Financing Received from the Argentine Central Bank and Other Financial Institutions | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Liabilities | 37,438,244 | 46,186,834 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 37,039,118 | 45,921,192 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 37,039,118 | 45,921,192 | |
Debt Securities | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Liabilities | 67,303,327 | 54,487,112 | |
Debt Securities | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 65,892,468 | 53,720,467 | |
Debt Securities | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 59,513,193 | 45,062,144 | |
Debt Securities | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Debt Securities | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 6,379,275 | 8,658,323 | |
Subordinated Debt Securities | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Liabilities | 45,405,004 | 51,182,953 | |
Subordinated Debt Securities | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 44,678,601 | 50,526,872 | |
Subordinated Debt Securities | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Subordinated Debt Securities | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Subordinated Debt Securities | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 44,678,601 | 50,526,872 | |
Other Financial Liabilities | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Liabilities | 348,779,269 | 381,231,576 | |
Other Financial Liabilities | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 348,490,234 | 380,891,640 | |
Other Financial Liabilities | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Other Financial Liabilities | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 0 | 0 | |
Other Financial Liabilities | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Liabilities at Fair Value | 348,490,234 | 380,891,640 | |
Cash and Due from Banks | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 447,544,202 | 462,491,302 | |
Cash and Due from Banks | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 447,544,202 | 462,491,302 | |
Cash and Due from Banks | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 447,544,202 | 462,491,302 | |
Cash and Due from Banks | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Cash and Due from Banks | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Repurchase Transactions | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 115,523,908 | 395,830,377 | |
Repurchase Transactions | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 115,523,908 | 395,830,377 | |
Repurchase Transactions | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 115,523,908 | 395,830,377 | |
Repurchase Transactions | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Repurchase Transactions | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Loans and Other Financing | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 1,243,616,465 | 1,450,106,105 | |
Loans and Other Financing | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 1,247,014,221 | 1,458,319,126 | |
Loans and Other Financing | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Loans and Other Financing | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Loans and Other Financing | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 1,247,014,221 | 1,458,319,126 | |
Other Financial Assets | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 45,012,228 | 25,970,900 | |
Other Financial Assets | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 10,559,086 | 8,652,774 | |
Other Financial Assets | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 0 | 23,449 | |
Other Financial Assets | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 0 | 10,879,795 | $ 0 |
Other Financial Assets | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 46,496,752 | 26,610,060 | |
Other Financial Assets | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 38,478,158 | 18,603,534 | |
Other Financial Assets | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Other Financial Assets | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 8,018,594 | 8,006,526 | |
Other Debt Securities | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 362,983,582 | 175,560,434 | |
Other Debt Securities | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 930,395 | 8,240,568 | |
Other Debt Securities | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 2,760,996 | 0 | |
Other Debt Securities | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 0 | 0 | |
Other Debt Securities | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 356,320,490 | 175,560,434 | |
Other Debt Securities | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Other Debt Securities | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Other Debt Securities | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 356,320,490 | 175,560,434 | |
Financial Assets Pledged as Collateral | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 151,375,750 | 45,212,824 | |
Financial Assets Pledged as Collateral | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 726,983 | 23,423,855 | |
Financial Assets Pledged as Collateral | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 0 | 0 | |
Financial Assets Pledged as Collateral | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Assets | 0 | 0 | |
Financial Assets Pledged as Collateral | Fair Value | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 151,375,750 | 45,212,824 | |
Financial Assets Pledged as Collateral | Fair Value | Fair Value Level 1 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 151,375,750 | 45,212,824 | |
Financial Assets Pledged as Collateral | Fair Value | Fair Value Level 2 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | 0 | 0 | |
Financial Assets Pledged as Collateral | Fair Value | Fair Value Level 3 | |||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | |||
Financial Assets at Fair Value | $ 0 | $ 0 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Cash and cash equivalents [abstract] | ||||
Net cash and Due from Banks | $ 447,544,202 | $ 462,491,302 | $ 515,787,141 | |
Argentine Central Bank's Bills and Notes Maturing up to 90 Days | 720,162,015 | 353,680,977 | 377,306,075 | |
Reverse repurchase Transactions Debtors | 115,082,496 | 394,499,497 | 178,890,224 | |
Loans to Financial Institutions | 5,268,700 | 12,822,261 | 19,111,560 | |
Overnight Placements in Foreign Banks | 25,191,169 | 10,939,346 | 4,886,190 | |
Mutual Funds | 10,559,086 | 8,652,774 | 8,117,203 | |
Time Deposits | 3,053,414 | 7,408,304 | 9,722,991 | |
Total Cash and Cash Equivalents | $ 1,326,861,082 | $ 1,250,494,461 | $ 1,113,821,384 | $ 929,139,690 |
Cash and Cash Equivalents - S_2
Cash and Cash Equivalents - Summary of Cash and Cash Equivalent Rollforward (Details) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Other differences to cash and cash equivalents in statement of cash flows | $ 157,822,074 | $ 160,391,959 | $ 167,371,073 | $ 282,877,422 |
Cash flow payments | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (94,241,738) | (71,178,709) | (189,143,681) | |
Cash flow receipts | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 142,465,840 | 91,348,509 | 91,910,712 | |
Other movements | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (50,793,987) | (27,148,914) | (18,273,380) | |
Lease Liabilities | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Other differences to cash and cash equivalents in statement of cash flows | 7,675,499 | 8,535,060 | 12,829,460 | 12,829,461 |
Lease Liabilities | Cash flow payments | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (2,675,287) | (3,381,869) | (3,919,605) | |
Lease Liabilities | Cash flow receipts | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 0 | 0 | 0 | |
Lease Liabilities | Other movements | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 1,815,726 | (912,531) | 3,919,604 | |
Debt Securities | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Other differences to cash and cash equivalents in statement of cash flows | 67,303,327 | 54,487,112 | 50,201,358 | 117,047,039 |
Debt Securities | Cash flow payments | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (40,139,963) | (33,225,902) | (81,853,704) | |
Debt Securities | Cash flow receipts | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 67,426,678 | 46,521,453 | 34,483,183 | |
Debt Securities | Other movements | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (14,470,500) | (9,009,797) | (19,475,160) | |
Subordinated Debt Securities | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Other differences to cash and cash equivalents in statement of cash flows | 45,405,004 | 51,182,953 | 63,666,624 | 62,041,180 |
Subordinated Debt Securities | Cash flow payments | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 0 | 0 | 0 | |
Subordinated Debt Securities | Cash flow receipts | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 0 | 0 | 0 | |
Subordinated Debt Securities | Other movements | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (5,777,949) | (12,483,671) | 1,625,444 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Other differences to cash and cash equivalents in statement of cash flows | 37,438,244 | 46,186,834 | 40,673,631 | $ 90,959,742 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Cash flow payments | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | (51,426,488) | (34,570,938) | (103,370,372) | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Cash flow receipts | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | 75,039,162 | 44,827,056 | 57,427,529 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | Other movements | ||||
Disclosure of reconciliation of liabilities arising from financing activities [line items] | ||||
Differences to cash and cash equivalents in statement of cash flows | $ (32,361,264) | $ (4,742,915) | $ (4,343,268) |
Derivative Financial Instrume_3
Derivative Financial Instruments - Summary of Derivative Instrument Transactions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | $ 37,438,244 | $ 46,186,834 |
Foreign currency | Currency Forward Purchases | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 171,179,833 | 149,481,259 |
Foreign currency | Currency Forward Sales | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 133,683,779 | 112,475,076 |
Foreign currency | Currency Forward by Customers Purchases | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 16,063,178 | 19,795,639 |
Foreign currency | Forward Currency Customer Sales | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 78,450,690 | 61,162,843 |
Foreign currency | Put Options Taken | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 37,280,188 | 0 |
Government Securities | Currency Forward Purchases | Repurchase Transaction | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 0 | 630,222 |
Government Securities | Currency Forward Sales | Repurchase Transaction | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | 126,196,373 | 398,928,496 |
Government Securities | Put Options Taken | ||
Disclosure of detailed information about financial instruments [line items] | ||
Notional Amount | $ 250,818,157 | $ 0 |
Repurchase Transactions - Summa
Repurchase Transactions - Summary of Repo Transactions and Reverse Repurchase Transactions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of repurchase transactions [Abstract] | ||
Debtors for Reserve Repurchase Transactions of Government Securities | $ 115,082,496 | $ 394,499,497 |
Interest Accrued Receivable for Reserve Repurchase Transactions | 441,412 | 1,330,880 |
Total Repurchase Transactions—Assets | 115,523,908 | 395,830,377 |
Creditors for Repurchase Transactions of Government Securities | 0 | 628,950 |
Interest Accrued Payable for Repurchase Transactions | 0 | 2,412 |
Total Repurchase Transactions—Liabilities | $ 0 | $ 631,362 |
Repurchase Transactions - Sum_2
Repurchase Transactions - Summary of Repurchase Agreements in Financial Assets Pledged as Collateral and Reverse Repurchase Agreements in Off-Balance Sheet Items (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of repurchase transactions [Abstract] | ||
Reverse Repurchase Transactions recorded in Off-Balance Sheet Items | $ 115,082,633 | $ 398,928,496 |
Forward purchases for Repurchase transactions recorded in Financial Assets Pledged as Collateral | $ 0 | $ 630,222 |
Other Financial Assets - Summar
Other Financial Assets - Summary of Other Financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other financial assets [line items] | ||
Other Financial Assets | $ 55,571,314 | $ 45,526,918 |
Receivables from Spot Sales of Foreign Currency Pending Settlement | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 1,155,655 | 773,442 |
Receivables from Spot Sales of Government Securities Pending Settlement | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 22,933,099 | 6,771,638 |
Sundry Debtors | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 18,351,056 | 25,971,354 |
Mutual Funds | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 10,559,086 | 8,652,774 |
Premiums from financial guarantee contracts | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 485,652 | 582,282 |
Interest accrued receivable | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 2,277,032 | 2,836,694 |
Fiduciary Participation Certificates | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | 23,449 |
Balances from claims pending recovery | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 15,698 | 29,455 |
Other | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | 12,130 |
Minus: Allowances | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | $ (205,964) | $ (126,300) |
Other Financial Assets - Summ_2
Other Financial Assets - Summary of Credit Rating Quality Analysis of Other Financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other financial assets [line items] | ||
Other Financial Assets | $ 55,571,314 | $ 45,526,918 |
Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | (205,964) | $ (126,300) |
Debtors for Sale of Foreign Currency | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 1,155,655 | |
Debtors for Sale of Foreign Currency | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Debtors for Cash sale of Government Securities to be Settled | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 22,933,099 | |
Debtors for Cash sale of Government Securities to be Settled | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Sundry Debtors | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 18,145,092 | |
Sundry Debtors | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | (205,964) | |
Mutual Funds | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 10,559,086 | |
Mutual Funds | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Premiums from financial guarantee contracts | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 485,652 | |
Premiums from financial guarantee contracts | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Interest accrued receivable | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 2,277,032 | |
Interest accrued receivable | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Balances from claims pending recovery | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 15,698 | |
Balances from claims pending recovery | Allowances [member] | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Not yet due | Debtors for Sale of Foreign Currency | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 1,155,655 | |
Not yet due | Debtors for Cash sale of Government Securities to be Settled | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 22,933,099 | |
Not yet due | Sundry Debtors | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 18,343,954 | |
Not yet due | Mutual Funds | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 10,559,086 | |
Not yet due | Premiums from financial guarantee contracts | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 485,652 | |
Not yet due | Interest accrued receivable | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 2,277,032 | |
Not yet due | Balances from claims pending recovery | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 15,698 | |
Impaired/Uncollectible | Debtors for Sale of Foreign Currency | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Impaired/Uncollectible | Debtors for Cash sale of Government Securities to be Settled | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Impaired/Uncollectible | Sundry Debtors | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 7,102 | |
Impaired/Uncollectible | Mutual Funds | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Impaired/Uncollectible | Premiums from financial guarantee contracts | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Impaired/Uncollectible | Interest accrued receivable | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | 0 | |
Impaired/Uncollectible | Balances from claims pending recovery | ||
Disclosure of other financial assets [line items] | ||
Other Financial Assets | $ 0 |
Loans and Other Financing - Sum
Loans and Other Financing - Summary of Net Loans and Other Financing (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of loans and other financing [line items] | ||
Non-financial Public Sector | $ 1,284,551 | $ 970 |
Argentine Central Bank (BCRA) | 3,682 | 1,038 |
Financial Institutions | 13,663,998 | 24,828,732 |
Loans | 13,663,998 | 24,828,732 |
Non-financial Private Sector and Residents Abroad | 1,297,659,004 | 1,517,448,418 |
Loans | 1,273,553,568 | 1,491,883,521 |
Financial Leases | 3,478,221 | 2,170,791 |
Other Financing | 20,627,215 | 23,394,106 |
Less: Allowances | (68,994,770) | (92,173,053) |
Total | 1,243,616,465 | 1,450,106,105 |
Advances | ||
Disclosure of loans and other financing [line items] | ||
Loans | 66,463,313 | 103,537,876 |
Notes | ||
Disclosure of loans and other financing [line items] | ||
Loans | 310,595,276 | 378,817,542 |
Mortgage Loans | ||
Disclosure of loans and other financing [line items] | ||
Loans | 19,400,825 | 35,880,059 |
Pledge Loans | ||
Disclosure of loans and other financing [line items] | ||
Loans | 25,613,225 | 31,595,927 |
Personal Loans | ||
Disclosure of loans and other financing [line items] | ||
Loans | 113,819,719 | 128,361,773 |
Credit Card Loans | ||
Disclosure of loans and other financing [line items] | ||
Loans | 650,493,992 | 716,756,813 |
Other Loans | ||
Disclosure of loans and other financing [line items] | ||
Loans | 38,926,091 | 44,426,445 |
Accrued Interest, Adjustments and Quotation Differences Receivable | ||
Disclosure of loans and other financing [line items] | ||
Loans | 53,617,339 | 57,179,541 |
Documented Interest | ||
Disclosure of loans and other financing [line items] | ||
Loans | $ (5,376,212) | $ (4,672,455) |
Financial Assets Pledged as C_3
Financial Assets Pledged as Collateral - Summary of Financial Assets Pledged as Collateral (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of financial assets pledged as collateral [abstract] | ||
Deposits as Collateral | $ 100,545,620 | $ 31,936,307 |
Special Accounts as Collateral – Argentine Central Bank | 40,580,067 | 36,070,150 |
Forward Purchases of Monetary Regulatory Instruments | 11,137,483 | 630,222 |
Allowances | (160,437) | 0 |
Total | $ 152,102,733 | $ 68,636,679 |
Current Income Tax Assets - Sum
Current Income Tax Assets - Summary of Current Income Tax Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Major components of tax expense (income) [abstract] | ||
Tax Advances | $ 410,248 | $ 148,785 |
Total | $ 410,248 | $ 148,785 |
Investments In Equity Instrum_2
Investments In Equity Instruments - Additional Information (Details) - USD ($) $ / shares in Units, $ in Thousands | 1 Months Ended | ||
Feb. 01, 2019 | Mar. 31, 2022 | Mar. 31, 2023 | |
Investments In Equity Instruments [Line Items] | |||
Percentage of share capital | 7.40% | ||
Sale Shares Of Prisma Medios De Pago | |||
Investments In Equity Instruments [Line Items] | |||
Sale price of shares | $ 54,358 | ||
Sale Shares Of Prisma Medios De Pago | Tranche One | |||
Investments In Equity Instruments [Line Items] | |||
Percentage of payment in pesos | 30% | ||
Nominal annual rate | 15% | ||
Sale Shares Of Prisma Medios De Pago | Tranche Two | |||
Investments In Equity Instruments [Line Items] | |||
Nominal annual rate | 10% | ||
Percentage of payment in USD | 70% | ||
Payment term | 6 years | ||
AL ZENITH | |||
Investments In Equity Instruments [Line Items] | |||
Number of common shares sold | 3,182,444 | ||
Par value per share | $ 1 | ||
Percentage of shareholding | 51% | ||
Final sale price | $ 104,469 | ||
Proceeds from sale of business | 63,073 | ||
Deferred share price | $ 41,396 | ||
Percentage of capital stock and votes sold | 49% |
Equity Investments in Subsidi_3
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Equity Investments in Subsidiaries (Detail) - shares | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Agri Tech Investments Argentina S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 199,937 | 0 |
Proportion of ownership interest in subsidiary | 100% | 0% |
Agri Tech Investments LLC | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 199,997,240 | 0 |
Proportion of ownership interest in subsidiary | 100% | 0% |
Banco de Galicia y Buenos Aires S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 668,549,353 | 668,549,353 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Cobranzas Regionales S.A. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 3,910,000 | 3,910,000 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Galicia Asset Management S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 20,000 | 20,000 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Galicia Broker Asesores de Seguros S.A. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 71,308 | 71,309 |
Proportion of ownership interest in subsidiary | 99.99% | 99.99% |
Galicia Retiro Compañía de Seguros S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 27,727,278 | 27,727,278 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Galicia Securities S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 95,392,000 | 95,392,000 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Galicia Seguros S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 1,830,887 | 1,830,883 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Galicia Warrants S.A. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 1,000,000 | 1,000,000 |
Proportion of ownership interest in subsidiary | 100% | 100% |
IGAM LLC | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 3,503,311,179 | 1,054,629,498 |
Proportion of ownership interest in subsidiary | 100% | 100% |
INVIU S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 2,469,146 | 2,469,146 |
Proportion of ownership interest in subsidiary | 100% | 100% |
INVIU Uruguay Agente de Valores S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 40,000,000 | 40,000,000 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Naranja Digital Compañía Financiera S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 1,712,567,500 | 1,012,567,500 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Ondara S.A. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 0 | 25,776,101 |
Proportion of ownership interest in subsidiary | 0% | 100% |
Sudamericana Holding S.A. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 185,653 | 185,653 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Tarjeta Naranja S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 2,824 | 2,824 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Tarjetas Regionales S.A. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 1,756,704,458 | 1,756,704,458 |
Proportion of ownership interest in subsidiary | 100% | 100% |
Well Assistance S.A.U. | ||
Disclosure of subsidiaries [line items] | ||
Investments in subsidiaries | 100,000 | 0 |
Proportion of ownership interest in subsidiary | 100% | 0% |
Equity Investments in Subsidi_4
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Balances of Subsidiaries, According to the IFRS-based Accounting Framework (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of subsidiaries [line items] | ||||
Assets | $ 3,371,637,567 | $ 3,268,713,477 | ||
Liabilities | 2,762,760,009 | 2,675,628,185 | ||
Shareholders’ Equity | 608,877,558 | 593,085,292 | $ 536,104,961 | $ 467,674,054 |
Net Income for the Year | 48,639,409 | 60,569,787 | $ 75,011,888 | |
Agri Tech Investments Argentina S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 296,194 | |||
Liabilities | 79,762 | |||
Shareholders’ Equity | 216,432 | |||
Net Income for the Year | 6,210 | |||
Agri Tech Investments LLC | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 216,499 | |||
Liabilities | 0 | |||
Shareholders’ Equity | 216,499 | |||
Net Income for the Year | 6,216 | |||
Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 2,932,291,913 | 2,874,136,521 | ||
Liabilities | 2,430,794,753 | 2,383,075,691 | ||
Shareholders’ Equity | 501,497,160 | 491,060,830 | ||
Net Income for the Year | 40,671,799 | 44,670,220 | ||
Cobranzas Regionales S.A. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 4,046,562 | 8,727,298 | ||
Liabilities | 820,996 | 5,926,086 | ||
Shareholders’ Equity | 3,225,566 | 2,801,212 | ||
Net Income for the Year | (3,501,944) | (2,673,186) | ||
Galicia Asset Management S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 7,297,059 | 5,442,730 | ||
Liabilities | 2,642,498 | 1,825,639 | ||
Shareholders’ Equity | 4,654,561 | 3,617,091 | ||
Net Income for the Year | 6,124,754 | 4,154,718 | ||
Galicia Broker Asesores de Seguros S.A. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 387,673 | 167,273 | ||
Liabilities | 163,688 | 59,241 | ||
Shareholders’ Equity | 223,985 | 108,032 | ||
Net Income for the Year | 59,036 | 104,035 | ||
Galicia Retiro Compañía de Seguros S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 1,207,605 | 1,347,947 | ||
Liabilities | 980,607 | 1,074,232 | ||
Shareholders’ Equity | 226,998 | 273,715 | ||
Net Income for the Year | 48,755 | (50,636) | ||
Galicia Securities S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 5,292,091 | 8,248,993 | ||
Liabilities | 3,283,461 | 6,942,828 | ||
Shareholders’ Equity | 2,008,630 | 1,306,165 | ||
Net Income for the Year | 1,439,482 | 894,177 | ||
Galicia Seguros S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 11,773,217 | 12,906,998 | ||
Liabilities | 7,184,143 | 8,390,116 | ||
Shareholders’ Equity | 4,589,074 | 4,516,882 | ||
Net Income for the Year | 2,434,613 | 2,415,560 | ||
Galicia Warrants S.A. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 1,887,739 | 1,987,896 | ||
Liabilities | 626,158 | 612,623 | ||
Shareholders’ Equity | 1,261,581 | 1,375,273 | ||
Net Income for the Year | 86,921 | 25,191 | ||
IGAM LLC | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 2,545,068 | 1,315,372 | ||
Liabilities | 492 | 561 | ||
Shareholders’ Equity | 2,544,576 | 1,314,811 | ||
Net Income for the Year | (2,513,422) | (2,241,205) | ||
INVIU S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 5,383,829 | 3,499,594 | ||
Liabilities | 3,074,547 | 2,525,129 | ||
Shareholders’ Equity | 2,309,282 | 974,465 | ||
Net Income for the Year | (2,408,315) | (1,812,578) | ||
INVIU Uruguay Agente de Valores S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 4,247,005 | 148,481 | ||
Liabilities | 4,157,659 | 8,236 | ||
Shareholders’ Equity | 89,346 | 140,245 | ||
Net Income for the Year | (77,468) | (55,261) | ||
Naranja Digital Compañía Financiera S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 32,306,077 | 2,562,621 | ||
Liabilities | 28,807,683 | 176,077 | ||
Shareholders’ Equity | 3,498,394 | 2,386,544 | ||
Net Income for the Year | (2,984,532) | (1,715,976) | ||
Ondara S.A. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 66,489 | |||
Liabilities | 27 | |||
Shareholders’ Equity | 66,462 | |||
Net Income for the Year | (26,527) | |||
Sudamericana Holding S.A. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 5,251,647 | 5,343,233 | ||
Liabilities | 14,180 | 21,965 | ||
Shareholders’ Equity | 5,237,467 | 5,321,268 | ||
Net Income for the Year | 2,466,679 | 2,333,182 | ||
Tarjeta Naranja S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 413,816,982 | 377,420,013 | ||
Liabilities | 338,178,934 | 301,058,664 | ||
Shareholders’ Equity | 75,638,048 | 76,361,349 | ||
Net Income for the Year | 9,427,840 | 17,704,408 | ||
Tarjetas Regionales S.A. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 85,428,050 | 87,291,816 | ||
Liabilities | 7,343 | 10,449 | ||
Shareholders’ Equity | 85,420,707 | 87,281,367 | ||
Net Income for the Year | 1,098,345 | $ 12,122,798 | ||
Well Assistance S.A.U. | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 100,000 | |||
Liabilities | 0 | |||
Shareholders’ Equity | 100,000 | |||
Net Income for the Year | $ 0 |
Equity Investments in Subsidi_5
Equity Investments in Subsidiaries, Associates and Joint Ventures - Additional information (Detail) - shares | 12 Months Ended | ||
Mar. 16, 2021 | Dec. 31, 2022 | Jun. 15, 2021 | |
Tarjetas Regionales S.A. | |||
Disclosure of subsidiaries [line items] | |||
Proportion of capital stock | 17% | 100% | |
Number of shares issued | 1,756,704,458 | 10,000 | |
Galicia Securities S.A.U. | |||
Disclosure of subsidiaries [line items] | |||
Percentage of voting interests acquired | 0.00057% |
Equity Investments in Subsidi_6
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of significant influence is valued by the equity method (Detail) - Play Digital SA - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of subsidiaries [line items] | ||
Equity Investment | 13.61% | |
Investments in associates | $ 666,769 | $ 329,876 |
Equity Investments in Subsidi_7
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Such Investment (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of subsidiaries [line items] | |||
Profit Sharing in income (loss) for the Year | $ (441,246) | $ (251,579) | $ (367,686) |
Play Digital SA | |||
Disclosure of subsidiaries [line items] | |||
Investments in associates | 329,876 | 262,098 | |
Contributions | 750,396 | 407,369 | |
Purchase of shares | (27,001) | (88,012) | |
Profit Sharing in income (loss) for the Year | (440,504) | (251,579) | |
Investments in associates | $ 666,769 | $ 329,876 | $ 262,098 |
Equity Investments in Subsidi_8
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Regarding Grupo Financiero Galicia's Associates (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of subsidiaries [line items] | ||||
Assets | $ 3,371,637,567 | $ 3,268,713,477 | ||
Liabilities | 2,762,760,009 | 2,675,628,185 | ||
Shareholders’ Equity | 608,877,558 | 593,085,292 | $ 536,104,961 | $ 467,674,054 |
Net Income for the Year | 48,639,409 | $ 60,569,787 | $ 75,011,888 | |
Play Digital SA | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 4,321,080 | |||
Liabilities | 446,741 | |||
Shareholders’ Equity | 3,874,339 | |||
Net Income for the Year | $ (2,875,476) |
Leases - Summary of detailed in
Leases - Summary of detailed information about lease assets and liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right-of-use asset | $ 7,392,623 | $ 8,774,951 | $ 11,915,563 |
Lease liabilities | (7,675,499) | (8,535,060) | |
Real estate | |||
Disclosure of quantitative information about right-of-use assets [line items] | |||
Right-of-use asset | $ 7,392,623 | $ 8,774,951 |
Leases - Additional Information
Leases - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Presentation of leases for lessee [abstract] | ||
Additions to right-of-use assets | $ 1,349,709 | $ 1,173,475 |
Cash outflow for leases | $ 2,675,287 |
Lease - Summary of detailed inf
Lease - Summary of detailed information about income statement disclosures of leases (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Presentation of leases for lessee [abstract] | ||
Charge for depreciation of right-of-use assets | $ (2,683,632) | $ (3,945,172) |
Interest Expenses | (1,143,136) | (1,033,047) |
Expenses related to short-term leases | (51,590) | (486,155) |
Expenses related to low-value assets leases | (302,292) | (458,539) |
Sublease Income | $ 4,343 | $ 4,344 |
Leases - Summary of quantitativ
Leases - Summary of quantitative information about right of use assets and lease liabilities (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of finance lease and operating lease by lessee [line items] | |||
Right-of-use asset | $ 7,392,623 | $ 8,774,951 | $ 11,915,563 |
Additions | 1,349,709 | 1,173,475 | |
Cancellation of contracts | (48,405) | (368,915) | |
Depreciation of the year | (2,683,632) | (3,945,172) | |
Lease Liabilities | 7,675,499 | 8,535,060 | |
New contracts | 1,349,709 | 1,173,475 | |
Cancellation of contracts on leases | (48,405) | (368,915) | |
Leases payments | (2,675,287) | (3,381,869) | $ (3,919,605) |
Leases financial cost | 1,143,136 | 1,033,047 | |
Translation differences and inflation adjustment | (628,714) | (2,750,139) | |
Previously stated [member] | |||
Disclosure of finance lease and operating lease by lessee [line items] | |||
Lease Liabilities | $ 8,535,060 | $ 12,829,461 |
Deferred Income Tax Assets_Li_3
Deferred Income Tax Assets/Liabilities - Summary of Changes in Deferred Income Tax Assets and Liabilities (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Tax inflation adjustment | $ (88,263,267) | $ (52,792,778) | $ (8,512,034) |
Deferred Tax Assets Valuation of Securities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | 308 | |
Charge to Income | 156,266 | (308) | |
Others | 0 | ||
Ending balance | 156,266 | 0 | 308 |
Deferred Tax Assets Derivate Instruments | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 33,294 | 0 | |
Charge to Income | (33,294) | 33,294 | |
Others | 0 | ||
Ending balance | 0 | 33,294 | 0 |
Deferred Tax Assets Loans and Other Financing | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 32,225,184 | 33,040,056 | |
Charge to Income | (11,956,131) | (814,872) | |
Others | 0 | ||
Ending balance | 20,269,053 | 32,225,184 | 33,040,056 |
Deferred Tax Assets Tax Loss Carryforwards | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 1,744,754 | 919,676 | |
Charge to Income | 361,746 | 825,078 | |
Others | 0 | ||
Ending balance | 2,106,500 | 1,744,754 | 919,676 |
Deferred Tax Assets Other Non-financial Assets | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 23,009 | 87,996 | |
Charge to Income | 1,684,193 | (64,987) | |
Others | 0 | ||
Ending balance | 1,707,202 | 23,009 | 87,996 |
Deferred Tax Assets Other Financial Liabilities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | 5,472 | |
Charge to Income | 455,812 | (5,472) | |
Others | 0 | ||
Ending balance | 455,812 | 0 | 5,472 |
Deferred Tax Assets Subordinated Debt Securities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | 20,771 | |
Charge to Income | (20,771) | ||
Others | 0 | ||
Ending balance | 0 | 20,771 | |
Deferred Tax Assets Provisions | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 506,669 | 2,315,141 | |
Charge to Income | 4,658,874 | (1,808,472) | |
Others | 0 | ||
Ending balance | 5,165,543 | 506,669 | 2,315,141 |
Deferred Tax Assets Other Non-financial Liabilities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 2,029,890 | 1,200,759 | |
Charge to Income | 1,065,210 | 829,131 | |
Others | 0 | ||
Ending balance | 3,095,100 | 2,029,890 | 1,200,759 |
Deferred Tax Assets Foreign Currency Exchange Difference | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 27,935 | 0 | |
Charge to Income | (21,558) | 27,935 | |
Others | 0 | ||
Ending balance | 6,377 | 27,935 | 0 |
Deferred Tax Assets Inflation Adjustment Deferral | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 12,559,153 | 34,161,804 | |
Charge to Income | (9,728,511) | (996,608) | |
Others | (20,606,043) | ||
Ending balance | 2,830,642 | 12,559,153 | 34,161,804 |
Deferred Tax Assets Others | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 219,382 | 634,286 | |
Charge to Income | (184,654) | (414,904) | |
Others | 0 | ||
Ending balance | 34,728 | 219,382 | 634,286 |
Deferred Tax Assets Gross | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 49,369,270 | 72,386,269 | |
Charge to Income | (13,542,047) | (2,410,956) | |
Others | (20,606,043) | ||
Ending balance | 35,827,223 | 49,369,270 | 72,386,269 |
Deferred Tax Assets Subsidiaries With Net Liability Position | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (41,019,665) | (45,299,012) | |
Charge to Income | 12,444,154 | 4,279,347 | |
Others | 0 | ||
Ending balance | (28,575,511) | (41,019,665) | (45,299,012) |
Deferred Tax Assets | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 8,349,605 | 27,087,257 | |
Charge to Income | (1,097,893) | 1,868,391 | |
Others | (20,606,043) | ||
Ending balance | 7,251,712 | 8,349,605 | 27,087,257 |
Deferred Tax Liabilities Valuation of Securities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (2,700,623) | (3,834,717) | |
Charge to Income | (6,872,763) | 1,134,094 | |
Others | 0 | ||
Ending balance | (9,573,386) | (2,700,623) | (3,834,717) |
Deferred Tax Liabilities Derivative Instruments | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | ||
Charge to Income | (463,773) | ||
Ending balance | (463,773) | 0 | |
Deferred Tax Liabilities Other Financial Assets | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (295,369) | (73,874) | |
Charge to Income | (277,445) | (221,495) | |
Others | 0 | ||
Ending balance | (572,814) | (295,369) | (73,874) |
Deferred Tax Liabilities Property, Plant and Equipment | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (35,746,609) | (33,309,265) | |
Charge to Income | 21,289,995 | (2,437,344) | |
Others | 0 | ||
Ending balance | (14,456,614) | (35,746,609) | (33,309,265) |
Deferred Tax Liabilities Intangible Assets | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (10,889,422) | (7,777,992) | |
Charge to Income | 1,306,420 | (3,111,430) | |
Others | 0 | ||
Ending balance | (9,583,002) | (10,889,422) | (7,777,992) |
Deferred Tax Liabilities Other Non-financial Assets | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (418,844) | (535,921) | |
Charge to Income | 220,478 | 117,077 | |
Others | 0 | ||
Ending balance | (198,366) | (418,844) | (535,921) |
Deferred Tax Liabilities Other Financial Liabilities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (266,594) | (101,955) | |
Charge to Income | 266,594 | (164,639) | |
Others | 0 | ||
Ending balance | 0 | (266,594) | (101,955) |
Derivative Tax Liabilities Debt Securities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | ||
Charge to Income | (74,973) | ||
Ending balance | (74,973) | 0 | |
Derivative Tax Liabilities Subordinated Debt Securities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | (47,171) | |
Charge to Income | (9,061) | 47,171 | |
Others | 0 | ||
Ending balance | (9,061) | 0 | (47,171) |
Deferred Tax Liabilities Provisions | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (1,268,267) | 0 | |
Charge to Income | 1,268,267 | (1,268,267) | |
Others | 0 | ||
Ending balance | 0 | (1,268,267) | 0 |
Deferred Tax Liabilities Other Non-financial Liabilities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | (1,200) | |
Charge to Income | (4,655) | 1,200 | |
Others | 0 | ||
Ending balance | (4,655) | 0 | (1,200) |
Deferred Tax Liabilities Foreign Currency Exchange Differences | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 0 | (7,129) | |
Charge to Income | 7,129 | ||
Others | 0 | ||
Ending balance | 0 | (7,129) | |
Deferred Tax Liabilities Inflation Adjustment Deferral | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (11,066) | (11,218) | |
Charge to Income | 5,806 | 152 | |
Others | 0 | ||
Ending balance | (5,260) | (11,066) | (11,218) |
Deferred Tax Liabilities Others | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (1,301) | (1,184) | |
Charge to Income | 1,301 | (117) | |
Others | 0 | ||
Ending balance | 0 | (1,301) | (1,184) |
Deferred Tax Liabilities Foreign Gross | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (51,598,095) | (45,701,626) | |
Charge to Income | 16,656,191 | (5,896,469) | |
Others | 0 | ||
Ending balance | (34,941,904) | (51,598,095) | (45,701,626) |
Deferred Tax Liabilities Subsidiaries With Net Asset Position | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | 41,019,665 | 45,299,012 | |
Charge to Income | (12,444,154) | (4,279,347) | |
Others | 0 | ||
Ending balance | 28,575,511 | 41,019,665 | 45,299,012 |
Deferred Tax Liabilities | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Beginning balance | (10,578,430) | (402,614) | |
Charge to Income | 4,212,037 | (10,175,816) | |
Others | 0 | ||
Ending balance | $ (6,366,393) | $ (10,578,430) | $ (402,614) |
Deferred Income Tax Assets_Li_4
Deferred Income Tax Assets/Liabilities - Summary of Expiration Dates of Tax Loss Carry-forwards (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Amount | $ 6,456,508 | $ 2,311,980 | $ 2,412,703 | $ 573,890 | $ 78,989 |
Deferred Tax Assets | 2,106,500 | ||||
Charged to Income [member] | |||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||
Amount | 1,078,946 | ||||
Deferred Tax Assets | $ 377,631 | $ 809,193 | $ 723,812 | $ 172,167 | $ 23,697 |
Assets_Liabilities for Insura_3
Assets/Liabilities for Insurance Contracts - Assets Related to Insurance Contracts (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of types of insurance contracts [abstract] | ||
Premiums Receivable | $ 4,821,779 | $ 6,115,760 |
Credits with Reinsurers | 14,951 | 34,782 |
Fees Receivables | 95,365 | 29,385 |
Others | 174 | 87,577 |
Total | $ 4,932,269 | $ 6,267,504 |
Assets_Liabilities for Insura_4
Assets/Liabilities for Insurance Contracts - Liabilities Related to Insurance Contracts (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of types of insurance contracts [abstract] | ||
Debts with Insured Persons | $ 1,105,279 | $ 1,584,325 |
Debts with Reinsurers | 70,765 | 50,761 |
Debts with Co-insurers | 1,463 | 2,063 |
Debts with Producers | 894,824 | 1,149,997 |
Technical Commitments | 2,857,681 | 3,396,104 |
Others | 218,284 | 169,108 |
Pending Claims in charge of Reinsures | (38,376) | (137,230) |
Total | $ 5,109,920 | $ 6,215,128 |
Assets_Liabilities for Insura_5
Assets/Liabilities for Insurance Contracts - Summary of Debts with Insureds (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of types of insurance contracts [line items] | ||
Total | $ 1,105,279 | $ 1,584,325 |
Property & Casualty Insurance | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 618,841 | 877,632 |
Property & Casualty Insurance | Direct Administrative Insurance | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 418,094 | 542,672 |
Property & Casualty Insurance | Direct Insurance in Lawsuits | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 14,184 | 18,050 |
Property & Casualty Insurance | Direct Insurance in Mediation | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 1,154 | 4,806 |
Property & Casualty Insurance | Settled Claims Payable | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 617 | 25,487 |
Property & Casualty Insurance | Pending Claims, Active Reinsurance and Retrocession | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 981 | 1,395 |
Property & Casualty Insurance | Claims Incurred but not Reported (IBNR) | ||
Disclosure of types of insurance contracts [line items] | ||
Equity Insurance | 183,811 | 285,222 |
Life Insurance | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 467,487 | 668,433 |
Life Insurance | Direct Administrative Insurance | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 391,250 | 541,523 |
Life Insurance | Direct Insurance in Lawsuits | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 9,276 | 40,836 |
Life Insurance | Direct Insurance in Mediation | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 4,212 | 14,450 |
Life Insurance | Settled Claims Payable | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 166 | 3,154 |
Life Insurance | Pending Claims, Active Reinsurance and Retrocession | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 20,428 | 42,044 |
Life Insurance | Claims Incurred but not Reported (IBNR) | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance | 42,155 | 26,426 |
Retirement Insurance | ||
Disclosure of types of insurance contracts [line items] | ||
Retirement Insurance | 18,951 | 38,260 |
Retirement Insurance | Annuities Payable in Arrears | ||
Disclosure of types of insurance contracts [line items] | ||
Retirement Insurance | 231 | 242 |
Retirement Insurance | Others | ||
Disclosure of types of insurance contracts [line items] | ||
Retirement Insurance | $ 18,720 | $ 38,018 |
Assets_Liabilities for Insura_6
Assets/Liabilities for Insurance Contracts - Summary of Net Gross and Reinsurers Share for Amounts Arising from Insurance Contracts (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||
Current Account | $ 182,737 | $ 165,339 |
Reinstatement Premiums | 0 | 0 |
Minimum Deposit Premium to Be Accrued | (110,509) | (112,514) |
Deposits as Collateral | 0 | 0 |
Unpaid Losses to Be Borne by Reinsurers | (38,376) | (137,230) |
Total | 33,852 | $ (84,405) |
Debts with Reinsurers | ||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||
Current Account | 181,274 | |
Reinstatement Premiums | 0 | |
Minimum Deposit Premium to Be Accrued | (110,509) | |
Deposits as Collateral | 0 | |
Unpaid Losses to Be Borne by Reinsurers | (38,376) | |
Total | 32,389 | |
Debts with Co-insurers | ||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||
Current Account | 1,463 | |
Reinstatement Premiums | 0 | |
Minimum Deposit Premium to Be Accrued | 0 | |
Deposits as Collateral | 0 | |
Unpaid Losses to Be Borne by Reinsurers | 0 | |
Total | $ 1,463 |
Assets_Liabilities for Insura_7
Assets/Liabilities for Insurance Contracts - Summary of debts with producers (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of types of insurance contracts [abstract] | ||
Checking Account—Producers | $ 179,804 | $ 204,502 |
Fees for Premiums Receivable | 711,183 | 920,708 |
Production Expenses Payable | 3,837 | 24,787 |
Total | $ 894,824 | $ 1,149,997 |
Assets_Liabilities for Insura_8
Assets/Liabilities for Insurance Contracts - Summary of Statutory Reserves (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of types of insurance contracts [abstract] | ||
Ongoing and Similar Risk | $ 1,623,342 | $ 1,997,324 |
Premiums and Surcharges | 1,488,561 | 1,849,156 |
Premiums on Passive Reinsurance | (14,264) | (21,583) |
Active Reinsurance | 145,820 | 169,484 |
Insufficient Premiums | 3,225 | 267 |
Mathematical Reserves | 1,234,339 | 1,398,780 |
Mathematical Reserves for Individual Life Insurance | 399,016 | 437,137 |
Mathematical Reserves for Individual Retirement Insurance | 293,708 | 307,349 |
Mathematical Reserves of Life Annuities | 353,019 | 438,308 |
Provision for the Mathematical Reserve Recomposition | 34 | 39 |
Fluctuation Funds | 187,551 | 214,413 |
Others | 1,011 | 1,534 |
Total | $ 2,857,681 | $ 3,396,104 |
Assets_Liabilities for Insura_9
Assets/Liabilities for Insurance Contracts - Summary of Assumption Used for Current Estimates of Future Cash Flows Derived from Insurance Contract (Detail) - ARS ($) | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Voluntary Retirement | ||
Disclosure of types of insurance contracts [line items] | ||
Administrative Expenses | $ 770 | $ 400 |
Annuities | ||
Disclosure of types of insurance contracts [line items] | ||
Administrative Expenses | $ 4,750 | $ 2,880 |
US Dollar | ||
Disclosure of types of insurance contracts [line items] | ||
Investment (Discount) Rate | 4.84% | 14.77% |
Argentina, Pesos | ||
Disclosure of types of insurance contracts [line items] | ||
Investment (Discount) Rate | 108.46% | 7.58% |
Argentina, Pesos | Badlar Rate | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance Reference Rate | 75% | 75% |
Argentina, Pesos | Badlar Rate | Bottom of range | ||
Disclosure of types of insurance contracts [line items] | ||
Life Insurance Reference Rate | 69.47% | 34.22% |
Other Non-financial Assets - Su
Other Non-financial Assets - Summary of Other Non-financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | $ 25,170,574 | $ 20,256,128 |
Payments on behalf of third parties | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 1,890,308 | 1,735,212 |
Advances of fees to Directors and Syndics | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 10,284 | 13,392 |
Advances to Personnel | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 25,733 | 7,720 |
Tax Credits | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 6,053,586 | 2,688,802 |
Payments made in Advance | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 6,216,180 | 8,069,629 |
Advances for Purchase of Assets | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 4,356,287 | 1,911,733 |
Investment properties | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 1,642,350 | 1,670,187 |
Other Sundry Assets Measured at Cost | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 3,625,228 | 3,319,687 |
Assets Taken in Defense of Credits | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | 100,433 | 15,219 |
Others | ||
Disclosure of Other Non Financial Assets [line items] | ||
Other non-financial assets | $ 1,250,185 | $ 824,547 |
Non-current Assets Held for S_3
Non-current Assets Held for Sale and Discontinued Operations - Summary of Classification of Assets as Assets Held for Sale and Discontinued Operations (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | ||
Total | $ 1,251 | $ 1,280 |
Real Estate | ||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | ||
Property, Plant and Equipment | $ 1,251 | $ 1,280 |
Deposits - Summary of Deposits
Deposits - Summary of Deposits (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Deposits [line items] | ||
Deposits from customers | $ 2,141,977,734 | $ 2,017,874,559 |
In Pesos | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 1,766,150,175 | 1,631,577,979 |
In Pesos | Checking Accounts | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 294,749,579 | 466,787,323 |
In Pesos | Savings Accounts | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 560,336,808 | 465,304,051 |
In Pesos | Time Deposits | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 788,224,021 | 643,940,403 |
In Pesos | Time Deposits – UVA | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 37,367,825 | 30,078,384 |
In Pesos | Other | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 40,660,400 | 5,958,497 |
In Pesos | Interest and Adjustments | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 44,811,542 | 19,509,321 |
In Foreign Currency | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 375,827,559 | 386,296,580 |
In Foreign Currency | Savings Accounts | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 310,307,348 | 314,644,903 |
In Foreign Currency | Time Deposits | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 58,500,808 | 65,306,279 |
In Foreign Currency | Other | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | 6,918,371 | 6,214,561 |
In Foreign Currency | Interest and Adjustments | ||
Disclosure Of Deposits [line items] | ||
Deposits from customers | $ 101,032 | $ 130,837 |
Other Financial Liabilities - S
Other Financial Liabilities - Summary of Other Financial Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | $ 348,779,269 | $ 381,231,576 |
Creditors for Purchase to be Settled | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 24,406,126 | 60,142,118 |
Collections and Other Transactions on Behalf of Third Parties | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 25,366,665 | 29,090,423 |
Obligations for Purchase Financing | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 241,924,478 | 257,970,202 |
Creditors for Purchase of Foreign Currency to be Settled | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 20,047,542 | 5,937,596 |
Accrued Fees Payable | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 5,228,217 | 1,680,017 |
Sundry Items Subject to Minimum Cash | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 2,214,410 | 2,280,492 |
Sundry Items not Subject to Minimum Cash | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 10,989,606 | 14,711,091 |
Financial Liabilities for guarantees and sureties granted (financial guarantee contracts) | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 702,749 | 669,247 |
Cash or equivalents for purchases or cash sales to be settled | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 23,685 | 196,433 |
Lease Liabilities | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | 7,675,499 | 8,535,060 |
Other Financial Liabilities | ||
Disclosure Of Other Financial Liabilities [line items] | ||
Other Financial Liabilities | $ 10,200,292 | $ 18,897 |
Loans from the Argentine Cent_3
Loans from the Argentine Central Bank and Other Financial Institutions - Summary of Loans from the Argentina Central Bank and Other Financial Institutions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 37,438,244 | $ 46,186,834 |
Argentine Central Bank Financing | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 98,832 | 82,448 |
Correspondents | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 1,933,464 | 6,756,918 |
Financing from Local Financial Institutions | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 29,984,607 | 33,336,630 |
Financing from Foreign Financial Institutions | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | 3,650,058 | 673,505 |
Financing from International Financial Institutions | ||
Disclosure of detailed information about borrowings [line items] | ||
Total | $ 1,771,283 | $ 5,337,333 |
Loans from the Argentine Cent_4
Loans from the Argentine Central Bank and Other Financial Institutions - Schedule of Credit Lines with Local and International Financial Institutions and Entities (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of detailed information about borrowings [line items] | ||
Notional Amount | $ 37,438,244 | $ 46,186,834 |
Argentina, Pesos | Local Institutions | BICE | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 1,423 days | 2080 days |
Rate | 2,430% | 3,950% |
Notional Amount | $ 1,085,928 | $ 928,875 |
Argentina, Pesos | Local Institutions | Agreements With Banks | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 426 days | 364 days |
Rate | 7,070% | 4,160% |
Notional Amount | $ 27,019,941 | $ 28,753,410 |
Argentina, Pesos | Local Institutions | Call Taken | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 3 days | |
Rate | 2,180% | |
Notional Amount | $ 715,223 | |
Argentina, Pesos | Local Institutions | Call Taken | Top of range | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 4 days | |
Rate | 2,950% | |
Notional Amount | $ 194,793 | |
Argentina, Pesos | Local Institutions | Call Taken | Bottom of range | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 7 days | |
Rate | 3,000% | |
Notional Amount | $ 973,966 | |
Argentina, Pesos | Local Institutions | Argentine Central Bank | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 3 days | 4 days |
Rate | 0% | 0% |
Notional Amount | $ 98,832 | $ 82,448 |
US Dollar | Local Institutions | BICE | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 1,729 days | 1449 days |
Rate | 880% | 420% |
Notional Amount | $ 1,163,515 | $ 2,485,586 |
US Dollar | Local Institutions | Call Taken | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 62 days | |
Rate | 880% | |
Notional Amount | $ 1,771,283 | |
US Dollar | International Institutions | Correspondents | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 3 days | 4 days |
Rate | 0% | 0% |
Notional Amount | $ 1,933,464 | $ 6,756,918 |
US Dollar | International Institutions | IFC | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 2,082 days | 1789 days |
Rate | 800% | 300% |
Notional Amount | $ 1,771,283 | $ 5,337,333 |
US Dollar | International Institutions | Pre-financing | ||
Disclosure of detailed information about borrowings [line items] | ||
Term | 182 days | 180 days |
Rate | 810% | 410% |
Notional Amount | $ 1,878,775 | $ 673,505 |
Debt Securities - Summary of Br
Debt Securities - Summary of Breakdown of the Global Programs for the Issuance of Negotiable Obligations Outstanding (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Grupo Financiero Galicia S.A. | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 100,000 |
Term of Program | 5 years |
Banco de Galicia y Buenos Aires S.A.U. | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 2,100,000 |
Term of Program | 5 years |
Banco de Galicia y Buenos Aires S.A.U. | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 2,100,000 |
Term of Program | — |
Tarjeta Naranja S.A.U. | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 1,000,000 |
Term of Program | 5 years |
Debt Securities - Summary of Un
Debt Securities - Summary of Unsubordinated Debt Securities Outstanding Issued Under the Global Programs (Detail) $ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 ARS ($) | Dec. 31, 2021 ARS ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 USD ($) | |
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Debt Securities | $ 67,303,327 | $ 54,487,112 | ||
Grupo Financiero Galicia S.A. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Debt Securities | $ 60,900,931 | 45,501,991 | ||
Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 250,000 | |||
Term | 120 months | |||
XII | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 5,829,400 | |||
Term | 6 months | |||
Rate | 0% | 0% | ||
Debt Securities | $ 5,931,970 | |||
XLIX Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 1,246,500 | $ 1,246,500 | ||
Term | 730 days | 730 days | ||
Rate | 7.24% | 7.24% | 7.24% | 7.24% |
Debt Securities | $ 1,780,394 | $ 3,363,075 | ||
LI Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 2,715,058 | |||
Term | 365 days | |||
Rate | 3.99% | 3.99% | ||
Debt Securities | $ 3,051,414 | |||
LI Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 3,284,942 | |||
Term | 730 days | |||
Rate | 6% | 6% | ||
Debt Securities | $ 3,640,545 | |||
LIII Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 4,532,644 | |||
Term | 365 days | |||
Rate | 3.75% | 3.75% | ||
Debt Securities | $ 5,279,564 | |||
LIII Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 4,192,612 | |||
Term | 730 days | |||
Rate | 5.25% | 5.25% | ||
Debt Securities | $ 4,817,767 | |||
LIV Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 3,220,141 | |||
Term | 365 days | |||
Rate | 2.85% | 2.85% | ||
Debt Securities | $ 3,771,036 | |||
LIV Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 4,779,859 | |||
Term | 730 days | |||
Rate | 4.99% | 4.99% | ||
Debt Securities | $ 5,468,838 | |||
LV Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 6,968,538 | |||
Term | 270 days | |||
Rate | 0% | 0% | ||
Debt Securities | $ 6,763,376 | |||
LV Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 10,141,234 | |||
Term | 548 days | |||
Rate | 3% | 3% | ||
Debt Securities | $ 8,361,826 | |||
LVII | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 8,437,300 | |||
Term | 365 days | |||
Rate | 4.50% | 4.50% | ||
Debt Securities | $ 9,176,588 | |||
XLVII | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 8,500 | $ 8,500 | ||
Term | 742 days | 742 days | ||
Rate | 7% | 7% | 7% | 7% |
Debt Securities | $ 1,524,768 | $ 1,713,023 | ||
LII | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 7,500 | |||
Term | 770 days | |||
Rate | 5% | 5% | ||
Debt Securities | $ 1,332,845 | |||
Global Program for Issuance of Unsubordinated Negotiable Obligations Class Six | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Term | 6 months | |||
Green Bond | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Debt Securities | $ 6,402,396 | $ 8,985,121 | ||
IX | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 1,625,968 | |||
Term | 12 months | |||
Rate | 3% | 3% | ||
Debt Securities | $ 3,252,764 | |||
X | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 1,349,672 | |||
Term | 9 months | |||
Rate | 41% | 41% | ||
Debt Securities | $ 2,072,483 | |||
XXXVII | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 3,845,700 | |||
Term | 1826 days | |||
Debt Securities | $ 2,602,729 | |||
XXXVII | Tarjeta Naranja S.A.U. | Top of range | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Rate | 15% | 15% | ||
XXXVII | Tarjeta Naranja S.A.U. | Bottom of range | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Rate | 3.50% | 3.50% | ||
XLIV | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 3,574,897 | |||
Term | 549 days | |||
Rate | 4% | 4% | ||
Debt Securities | $ 1,292,537 | |||
XLV | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 3,057,000 | |||
Term | 365 days | |||
Rate | 5% | 5% | ||
Debt Securities | $ 10,624 | |||
XLVI | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 4,000,000 | |||
Term | 365 days | |||
Rate | 4.72% | 4.72% | ||
Debt Securities | $ 8,103,724 | |||
XLVIII | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 5,001,000 | |||
Term | 365 days | |||
Rate | 5% | 5% | ||
Debt Securities | $ 10,238,961 | |||
XLIX Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 2,712,000 | |||
Term | 365 days | |||
Rate | 5.50% | 5.50% | ||
Debt Securities | $ 4,814,617 | |||
L | Tarjeta Naranja S.A.U. | ||||
Disclosure of subordinated Debt Securities Outstanding [Line Items] | ||||
Nominal value | $ 4,050,000 | |||
Term | 365 days | |||
Rate | 5% | 5% | ||
Debt Securities | $ 8,037,454 |
Debt Securities - Summary of Re
Debt Securities - Summary of Repurchases of Own Debt Securities (Detail) $ in Thousands, $ in Thousands | Dec. 31, 2022 ARS ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 ARS ($) | Dec. 31, 2021 USD ($) |
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Debt Securities | $ 67,303,327 | $ 54,487,112 | ||
Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Debt Securities | 4,420,525 | 1,462,308 | ||
Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | $ 250,000 | |||
XII | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 5,829,400 | |||
Debt Securities | 5,931,970 | |||
XII | Banco de Galicia y Buenos Aires S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 40,000 | |||
Debt Securities | 48,205 | |||
XLVII | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 8,500 | $ 8,500 | ||
Debt Securities | 1,524,768 | $ 1,713,023 | ||
XLVII | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 2 | |||
Debt Securities | 383 | |||
XLIX Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 1,246,500 | 1,246,500 | ||
Debt Securities | 1,780,394 | 3,363,075 | ||
XLIX Serie II | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 57,000 | 27,000 | ||
Debt Securities | 64,429 | 55,360 | ||
LI Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 2,715,058 | |||
Debt Securities | 3,051,414 | |||
LI Serie I | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 8,703 | |||
Debt Securities | 9,763 | |||
LI Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 3,284,942 | |||
Debt Securities | 3,640,545 | |||
LI Serie II | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 50,000 | |||
Debt Securities | 57,853 | |||
LII | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 7,500 | |||
Debt Securities | 1,332,845 | |||
LII | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 13 | |||
Debt Securities | 2,216 | |||
LIII Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | $ 4,532,644 | |||
Debt Securities | 5,279,564 | |||
LIII Serie I | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 50,000 | |||
Debt Securities | 58,172 | |||
LIII Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 4,192,612 | |||
Debt Securities | 4,817,767 | |||
LIII Serie II | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 100,000 | |||
Debt Securities | 116,667 | |||
LIV Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 3,220,141 | |||
Debt Securities | 3,771,036 | |||
LIV Serie I | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 170 | |||
Debt Securities | 197 | |||
LIV Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 4,779,859 | |||
Debt Securities | 5,468,838 | |||
LIV Serie II | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 135,000 | |||
Debt Securities | 151,875 | |||
LV Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 6,968,538 | |||
Debt Securities | 6,763,376 | |||
LV Serie I | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 831,590 | |||
Debt Securities | 892,027 | |||
LV Serie II | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 10,141,234 | |||
Debt Securities | 8,361,826 | |||
LV Serie II | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 2,585,727 | |||
Debt Securities | 2,807,435 | |||
LVII | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 8,437,300 | |||
Debt Securities | 9,176,588 | |||
LVII | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 189,000 | |||
Debt Securities | $ 211,303 | |||
IX | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 1,625,968 | |||
Debt Securities | 3,252,764 | |||
X | Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 1,349,672 | |||
Debt Securities | 2,072,483 | |||
XXXVII | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 3,845,700 | |||
Debt Securities | 2,602,729 | |||
XXXVII | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 9,820 | |||
Debt Securities | 106,297 | |||
XLIV | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 3,574,897 | |||
Debt Securities | 1,292,537 | |||
XLIV | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 70,000 | |||
Debt Securities | 44,058 | |||
XLV | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 3,057,000 | |||
Debt Securities | 10,624 | |||
XLVI | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 4,000,000 | |||
Debt Securities | 8,103,724 | |||
XLVI | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 38,000 | |||
Debt Securities | 77,329 | |||
XLVIII | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 5,001,000 | |||
Debt Securities | 10,238,961 | |||
XLVIII | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 99,300 | |||
Debt Securities | 200,224 | |||
XLIX Serie I | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 2,712,000 | |||
Debt Securities | 4,814,617 | |||
XLIX Serie I | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 355,000 | |||
Debt Securities | 724,023 | |||
L | Tarjeta Naranja S.A.U. | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 4,050,000 | |||
Debt Securities | 8,037,454 | |||
L | Tarjeta Naranja S.A.U. | Own debt securities repurchases | ||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||
Nominal value | 125,479 | |||
Debt Securities | $ 255,017 |
Debt Securities - Additional In
Debt Securities - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||
Debt Securities | $ 67,303,327 | $ 54,487,112 |
Green Bond | ||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||
Debt Securities | $ 6,402,396 | $ 8,985,121 |
Banco de Galicia y Buenos Aires S.A.U. | ||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||
Negotiable obligation outstanding maturity term | 120 months | |
Banco de Galicia y Buenos Aires S.A.U. | Global Program for Issuance of Unsubordinated Negotiable Obligations Class Six | ||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||
Negotiable obligation outstanding maturity term | 6 months |
Subordinated Debt Securities -
Subordinated Debt Securities - Summary of Subordinated Negotiable Obligations Not Convertible Into Shares Issued Under Global Programs (Detail) $ in Thousands, $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 ARS ($) | Dec. 31, 2022 USD ($) | Dec. 31, 2021 ARS ($) | Dec. 31, 2021 USD ($) | |
Disclosure of detailed information about borrowings [line items] | ||||
Subordinated Debt Securities | $ 45,405,004 | $ 51,182,953 | ||
Banco de Galicia y Buenos Aires S.A.U. | ||||
Disclosure of detailed information about borrowings [line items] | ||||
Class No. | II | |||
Notional Amount | $ 250,000 | |||
Term | 120 months | |||
Subordinated Debt Securities | $ 45,405,004 | $ 51,182,953 |
Subordinated Debt Securities _2
Subordinated Debt Securities - Summary of Subordinated Negotiable Obligations Not Convertible Into Shares Issued Under Global Programs (Parenthetical) (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Maturing on July 19 ,2026 | |
Disclosure of detailed information about borrowings [line items] | |
Percentage of principal amount | 100% |
Maturing on July 19, 2021 | |
Disclosure of detailed information about borrowings [line items] | |
Interest rate | 8.25% |
Interest payable semi-annually on January 9 and July 19 2017 [member] | |
Disclosure of detailed information about borrowings [line items] | |
Interest rate | 7.156% |
Provisions - Summary of Provisi
Provisions - Summary of Provisions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other provisions [abstract] | ||
For Termination Benefits | $ 2,777,084 | $ 512,006 |
Others | 7,477,939 | 8,023,050 |
Total | $ 10,255,023 | $ 8,535,056 |
Other Non-financial Liabiliti_3
Other Non-financial Liabilities - Summary of Other Non-financial Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | $ 89,552,825 | $ 78,355,869 |
Creditors for sale of assets | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 775,912 | 739,634 |
Tax withholdings and collections payable | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 29,678,770 | 24,844,946 |
Payroll and Social Contributions Payable | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 18,071,442 | 17,363,085 |
Withholdings on Payroll Payable | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 1,074,305 | 1,034,206 |
Fess to Directors and Syndics | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 624,610 | 461,673 |
Value-Added Tax | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 4,066,875 | 3,647,479 |
Sundry Creditors | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 9,541,409 | 13,479,207 |
Taxes Payable | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 17,821,122 | 11,617,415 |
Obligations Arising from Contracts with Customers | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 2,782,656 | 4,193,566 |
Retirement payment orders pending settlement | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | 355,378 | 232,488 |
Other Non-financial Liabilities | ||
Disclosure of other non-financial liabilities [line items] | ||
Other Non-financial Liabilities | $ 4,760,346 | $ 742,170 |
Other Non-financial Liabiliti_4
Other Non-financial Liabilities - Additional Information (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Quiero | ||
Disclosure of other non-financial liabilities [line items] | ||
Deferred income other than contract liabilities | $ 2,389,573 | $ 3,615,145 |
Other Non-financial Liabiliti_5
Other Non-financial Liabilities - Summary of Estimated Use of Liability (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of other non-financial liabilities [line items] | ||
Liabilities | $ 2,762,760,009 | $ 2,675,628,185 |
Quiero | ||
Disclosure of other non-financial liabilities [line items] | ||
Liabilities | 2,389,573 | |
Up to 12 Months | Quiero | ||
Disclosure of other non-financial liabilities [line items] | ||
Liabilities | 1,098,237 | |
Up to 24 Months | Quiero | ||
Disclosure of other non-financial liabilities [line items] | ||
Liabilities | 615,085 | |
Over 24 Months | Quiero | ||
Disclosure of other non-financial liabilities [line items] | ||
Liabilities | $ 676,251 |
Capital Stock - Additional Info
Capital Stock - Additional Information (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 ARS ($) shares | |
Disclosure of Capital Stock [line items] | |
Expenses related to the capital increase | $ | $ 38,660 |
Tarjetas Regionales SA | |
Disclosure of Capital Stock [line items] | |
Number of shares issued | shares | 47,927,494 |
Exchange Rate Differences on _3
Exchange Rate Differences on Gold and Foreign Currency - Summary of Gold and Foreign Currency Quotation Differences (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Transactions In Foreign Currency [line items] | |||
Gains losses on exchange differences on translation recognised in profit or loss | $ 20,137,815 | $ 8,755,406 | $ 20,721,187 |
For Purchase sale of foreign currency | |||
Disclosure Of Transactions In Foreign Currency [line items] | |||
Gains losses on exchange differences on translation recognised in profit or loss | 8,558,152 | 4,024,806 | 14,998,837 |
For Valuation of Assets and Liabilities in Foreign Currency | |||
Disclosure Of Transactions In Foreign Currency [line items] | |||
Gains losses on exchange differences on translation recognised in profit or loss | $ 11,579,663 | $ 4,730,600 | $ 5,722,350 |
Other Operating Income - Summar
Other Operating Income - Summary of Other Operating Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | $ 90,836,650 | $ 69,806,539 | $ 65,633,895 |
Fees for Product Package | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | 15,063,312 | 17,249,945 | 18,514,125 |
Other Adjustments and Interest on sundry Credits | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | 37,134,394 | 13,792,004 | 15,424,588 |
Rental of Safety Deposit Boxes | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | 4,005,431 | 3,950,001 | 3,808,196 |
Other Financial Income | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | 1,099,101 | 912,692 | 1,703,019 |
Other Income from Services | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | 19,620,559 | 14,776,894 | 12,459,178 |
Reversed allowances | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | 64,949 | 1,968,716 | 4,998,476 |
Others | |||
Disclosure Of Other Operating Income [line items] | |||
Other Operating Income | $ 13,848,904 | $ 17,156,287 | $ 8,726,313 |
Underwriting Income from Insu_3
Underwriting Income from Insurance Business - Summary of Underwriting Income from Insurance Business (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of types of insurance contracts [abstract] | |||
Premiums and Surcharges Accrued | $ 22,292,484 | $ 23,819,431 | $ 22,902,633 |
Claims Accrued | (3,925,965) | (4,365,154) | (3,313,251) |
Redemptions | (79,868) | (62,040) | (49,526) |
Fixed and Periodic Annuities | (31,292) | (36,754) | (39,952) |
Production and Operating Expenses | (4,389,682) | (4,774,054) | (3,455,541) |
Other Income and Expenses | (174,946) | (264,235) | (192,555) |
Total | $ 13,690,731 | $ 14,317,194 | $ 15,851,808 |
Loan Loss Charges - Summary of
Loan Loss Charges - Summary of Loan Loss Charges (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Loan Loss Charges [Abstract] | |||
Expected credit loss allowance | $ (49,639,031) | $ (39,702,996) | $ (97,994,201) |
Direct charge offs | (2,812,756) | (3,054,818) | (2,505,573) |
Total | $ (52,451,787) | $ (42,757,814) | $ (100,499,774) |
Personnel Expenses - Summary of
Personnel Expenses - Summary of Personnel Expenses (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | $ (96,891,457) | $ (90,470,273) | $ (93,573,438) |
Payroll | |||
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | (54,764,497) | (54,506,021) | (58,186,840) |
Social Contributions on Payroll | |||
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | (13,055,718) | (12,723,002) | (13,386,919) |
Personnel Compensations and Rewards | |||
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | (24,189,712) | (18,892,664) | (17,087,970) |
Services for Personnel | |||
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | (2,694,456) | (2,305,942) | (2,249,939) |
Other Short-term Personnel Expenses | |||
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | (1,963,003) | (1,754,829) | (2,297,930) |
Other Long-term Personnel Expenses | |||
Disclosure of personnel expenses [line items] | |||
Personnel Expenses | $ (224,071) | $ (287,815) | $ (363,840) |
Administrative Expenses - Summa
Administrative Expenses - Summary of Expenses by Nature and Function (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | $ (91,411,543) | $ (88,053,402) | $ (91,348,107) |
Fees and Remunerations for Services | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (7,578,586) | (5,759,643) | (8,689,077) |
Directors’ and Syndics’ Fees | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (1,245,979) | (761,797) | (1,389,599) |
Advertising and Marketing | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (4,269,032) | (4,499,987) | (4,711,882) |
Taxes | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (23,537,781) | (22,616,287) | (21,322,510) |
Maintenance and Repairs of Assets and Systems | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (13,949,927) | (15,648,221) | (12,637,267) |
Electricity and Communications | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (4,644,902) | (5,602,823) | (6,718,037) |
Representation and Travel Expenses | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (232,997) | (131,569) | (171,613) |
Stationery and Office Supplies | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (1,495,928) | (787,861) | (1,233,078) |
Rentals | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (353,882) | (944,694) | (908,087) |
Administrative Services under Contract | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (16,375,358) | (14,892,350) | (15,370,693) |
Security | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (2,129,312) | (2,257,421) | (3,417,482) |
Insurance | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (804,566) | (933,794) | (725,554) |
Armored Transportation Services | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | (5,587,153) | (5,530,263) | (4,594,789) |
Others | |||
Summary Of Expenses By Nature Administrative Expenses [line items] | |||
Administrative Expenses | $ (9,206,140) | $ (7,686,692) | $ (9,458,439) |
Depreciation and Impairment o_3
Depreciation and Impairment of Assets - Summary of Depreciation and Impairment of Assets (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Depreciation amortization and impairment [abstract] | |||
Depreciation of Property, Plant and Equipment | $ (14,854,607) | $ (16,406,604) | $ (15,210,862) |
Amortization of Organization and Development Expenses | (12,699,065) | (11,815,977) | (8,790,180) |
Depreciation of other intangible assets | (353) | (88) | 0 |
Others | (323,120) | (17,438) | (356,749) |
Total | $ (27,877,145) | $ (28,240,107) | $ (24,357,791) |
Other Operating Expenses - Summ
Other Operating Expenses - Summary of Other Operating Expenses (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | $ 125,499,402 | $ 107,421,205 | $ 92,487,032 |
Turnover Tax | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 75,867,764 | 62,600,121 | 46,052,443 |
Contributions to the Deposit Insurance Scheme | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 2,916,506 | 3,138,808 | 3,114,573 |
Charges for Other Provisions | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 4,342,446 | 2,821,696 | 8,434,943 |
Claims | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 6,046,837 | 5,366,365 | 3,727,345 |
Other Financial Expenses | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 0 | 0 | 840,915 |
Interest on leases | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 1,143,136 | 1,033,047 | 1,172,715 |
Credit-card-relates expenses | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 12,221,817 | 11,744,206 | 13,231,310 |
Other Expenses from Services | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | 19,947,408 | 17,225,968 | 12,738,981 |
Others | |||
Disclosure of other operating expenses [line items] | |||
Other Operating Expenses | $ 3,013,488 | $ 3,490,994 | $ 3,173,807 |
Income Tax_Deferred Tax - Summa
Income Tax/Deferred Tax - Summary of Reconciliation of Income Tax Charged to Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Major components of tax expense (income) [abstract] | |||
Income Before Income Tax for the Year | $ 64,744,711 | $ 92,765,584 | $ 135,143,364 |
Current Tax Rate | 35% | 35% | 30% |
Income for the Year at Tax Rate | $ (22,660,648) | $ (32,467,954) | $ (40,543,009) |
Income for Equity Instruments | (154,436) | (88,053) | (110,306) |
Untaxed Income | 27,817 | 394,805 | 490,752 |
Donations and Other Non-deductible Expenses | (26,035) | (9,625) | (94,140) |
Other | (1,285,749) | 456,384 | (8,825,272) |
Inflation effect | (81,230,045) | (53,976,252) | (37,129,079) |
Tax Adjustment | 0 | 864,186 | 2,044,808 |
Tax inflation adjustment | 88,263,267 | 52,792,778 | 8,512,034 |
Tax inflation adjustment deferral | 0 | 0 | 14,967,930 |
Total Income Tax Charge for the Year | (17,065,829) | (32,033,731) | (60,686,282) |
Current Income Tax | (16,457,984) | (25,257,891) | (78,342,419) |
Deferred Tax Charge | 3,114,144 | (8,307,425) | 24,330,007 |
Update of the charge tax for inflation effects | (3,269,376) | (1,621,737) | (8,645,757) |
Tax Return adjustment from previous fiscal year | (452,613) | 3,153,322 | 1,971,887 |
Total Income Tax Charge for the Year | $ (17,065,829) | $ (32,033,731) | $ (60,686,282) |
Income Tax_Deferred Tax - Sum_2
Income Tax/Deferred Tax - Summary of Current Income Tax Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Major components of tax expense (income) [abstract] | |||
Current Income Tax | $ (16,457,984) | $ (25,257,891) | $ (78,342,419) |
Tax Advances | 7,658,051 | 7,435,585 | 33,569,989 |
Current Income Tax Liabilities | $ (8,799,933) | $ (17,822,306) | $ (44,772,430) |
Income Tax_Deferred Tax - Sum_3
Income Tax/Deferred Tax - Summary of Accumulated Taxable Net Earnings (Details) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | $ 65,642,334 | $ 92,529,425 | $ 136,125,855 |
Income Tax Slab Rate One | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Fixed amount | $ 0 | $ 0 | |
Fixed amount Rate | 25% | 25% | |
Income Tax Slab Rate Two | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Fixed amount | $ 1,901 | $ 1,250 | |
Fixed amount Rate | 30% | 30% | |
Income Tax Slab Rate Three | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Fixed amount | $ 22,435 | $ 14,750 | |
Fixed amount Rate | 35% | 35% | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate One | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | $ 0 | $ 0 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate One | Bottom of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | 0 | 0 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate One | Top of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | 7,605 | 5,000 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate Two | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | 7,605 | 5,000 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate Two | Bottom of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | 7,605 | 5,000 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate Two | Top of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | 76,049 | 50,000 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate Three | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | 76,049 | 50,000 | |
New Graduated Income Tax Rate Structure | Income Tax Slab Rate Three | Bottom of range | |||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||
Income before Taxes from Continuing Operations | $ 76,049 | $ 50,000 |
Income Tax_Deferred Tax - Addit
Income Tax/Deferred Tax - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Changes in tax rates or tax laws enacted or announced [member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Tax rate on dividends | 7% |
Dividends - Additional Informat
Dividends - Additional Information (Detail) - ARS ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||||
Jan. 09, 2023 | Sep. 12, 2022 | May 09, 2022 | Apr. 26, 2022 | Apr. 27, 2021 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Dividends [Line Items] | ||||||||
Dividend | $ 8,000,000 | $ 18,460,678 | $ 3,751,528 | |||||
Dividend per share | $ 7.46 | $ 1.02 | ||||||
Dividends paid, ordinary shares | $ 4,000,000 | $ 4,000,000 | $ 31,886,624 | $ 3,751,528 | $ 5,987,515 | |||
Retained earnings | (174,777,575) | $ (173,444,489) | ||||||
Increase decrease in reserve | 1,700,000 | |||||||
Optional Reserve for Future Income Distribution | ||||||||
Disclosure Of Dividends [Line Items] | ||||||||
Dividend | $ 13,425,946 | $ 11,000,000 | $ 1,500,000 | |||||
Dividends paid, ordinary shares | $ 6,712,973 | |||||||
Retained earnings | 14,633,971 | $ 4,000,000 | ||||||
Increase decrease in reserve | $ 5,564,580 |
Earnings Per Share - Schedule o
Earnings Per Share - Schedule of Earnings Per Share (Detail) shares in Thousands, $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2022 ARS ($) shares | Dec. 31, 2022 $ / shares | Dec. 31, 2021 ARS ($) shares | Dec. 31, 2021 $ / shares | Dec. 31, 2020 ARS ($) shares | Dec. 31, 2020 $ / shares | |
Earnings per share [abstract] | ||||||
Net Income (Loss) for the Year Attributable to Parent Company´s Owners | $ | $ 48,639,400 | $ 60,569,787 | $ 74,008,952 | |||
Weighted Average Ordinary Shares | shares | 1,474,692 | 1,474,692 | 1,442,740 | |||
Earnings per Share | $ / shares | $ 32.98 | $ 41.07 | $ 51.30 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2022 Segments | |
Disclosure of operating segments [abstract] | |
Number of geographic segments | 1 |
Segment Reporting - Summary of
Segment Reporting - Summary of Operating Segments (Income Statement) (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure of operating segments [line items] | |||
Net Income from interest | $ 152,516,334 | $ 212,865,195 | $ 225,560,470 |
Net fee Income | 117,701,021 | 112,570,162 | 107,244,662 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 338,111,511 | 186,241,440 | 203,791,823 |
Income from Derecognition of Assets Measured at Amortized Cost | 597,435 | 32,201 | (9,199) |
Exchange rate differences on gold and foreign currency | 20,137,815 | 8,755,406 | 20,721,187 |
Other Operating Income | 90,836,650 | 69,806,539 | 65,633,895 |
Income from Insurance Business | 13,690,731 | 14,317,194 | 15,851,808 |
Expected credit loss allowance | (52,451,787) | (42,757,814) | (100,499,774) |
Personnel Expenses | (96,891,457) | (90,470,273) | (93,573,438) |
Administrative Expenses | (91,411,543) | (88,053,402) | (91,348,107) |
Depreciation and Impairment of Assets | (27,877,145) | (28,240,107) | (24,357,791) |
Other Operating Expenses | (125,499,402) | (107,421,205) | (92,487,032) |
Loss on net monetary position | (273,376,583) | (154,864,332) | (100,034,963) |
Operating Income | 66,083,580 | 92,781,004 | 136,493,541 |
Share of profit from Associates and Joint Ventures | (441,246) | (251,579) | (367,686) |
Income before Taxes from Continuing Operations | 65,642,334 | 92,529,425 | 136,125,855 |
Income Tax from Continuing Operations | (17,002,925) | (31,959,638) | (61,113,967) |
Net Income from Continuing Operations | 48,639,409 | 60,569,787 | 75,011,888 |
Net Income for the Year | 48,639,409 | 60,569,787 | 75,011,888 |
Other Comprehensive Income (Loss) | (960,527) | 162,066 | (554,806) |
Total Comprehensive Income Attributable to Parent company´s owners | 47,678,873 | 60,731,853 | 73,454,146 |
Total Comprehensive Income Attributable to Non-controlling Interests | 9 | 0 | 1,002,936 |
Operating segments | Argentina | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | 154,615,269 | ||
Net fee Income | 120,714,919 | ||
Net Income from Financial Instruments measured at fair value through Profit or Loss | 335,808,800 | ||
Income from Derecognition of Assets Measured at Amortized Cost | 597,435 | ||
Exchange rate differences on gold and foreign currency | 20,129,855 | ||
Other Operating Income | 93,780,646 | ||
Income from Insurance Business | 8,575,976 | ||
Expected credit loss allowance | (52,451,787) | ||
Personnel Expenses | (96,820,929) | ||
Administrative Expenses | (91,582,940) | ||
Depreciation and Impairment of Assets | (27,872,932) | ||
Other Operating Expenses | (125,506,114) | ||
Loss on net monetary position | (273,304,845) | ||
Operating Income | 66,683,353 | ||
Share of profit from Associates and Joint Ventures | (441,246) | ||
Income before Taxes from Continuing Operations | 66,242,107 | ||
Income Tax from Continuing Operations | (17,002,925) | ||
Net Income from Continuing Operations | 49,239,182 | ||
Net Income for the Year | 49,239,182 | ||
Other Comprehensive Income (Loss) | (960,527) | ||
Total Comprehensive Income Attributable to Parent company´s owners | 48,278,646 | ||
Total Comprehensive Income Attributable to Non-controlling Interests | 9 | ||
Operating segments | Uruguay | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | 0 | ||
Net fee Income | (39,492) | ||
Net Income from Financial Instruments measured at fair value through Profit or Loss | 44,540 | ||
Income from Derecognition of Assets Measured at Amortized Cost | 0 | ||
Exchange rate differences on gold and foreign currency | 7,960 | ||
Other Operating Income | 19,887 | ||
Income from Insurance Business | 0 | ||
Expected credit loss allowance | 0 | ||
Personnel Expenses | (70,528) | ||
Administrative Expenses | (153,807) | ||
Depreciation and Impairment of Assets | (766) | ||
Other Operating Expenses | (384) | ||
Loss on net monetary position | (71,738) | ||
Operating Income | (264,328) | ||
Share of profit from Associates and Joint Ventures | 0 | ||
Income before Taxes from Continuing Operations | (264,328) | ||
Income Tax from Continuing Operations | 0 | ||
Net Income from Continuing Operations | (264,328) | ||
Net Income for the Year | (264,328) | ||
Other Comprehensive Income (Loss) | 0 | ||
Total Comprehensive Income Attributable to Parent company´s owners | (264,328) | ||
Total Comprehensive Income Attributable to Non-controlling Interests | 0 | ||
Operating segments | Bank | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | 77,217,698 | 134,147,290 | 172,977,393 |
Net fee Income | 64,348,211 | 62,091,897 | 61,685,485 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 320,365,311 | 186,145,997 | 194,015,596 |
Income from Derecognition of Assets Measured at Amortized Cost | 614,077 | 31,819 | (9,199) |
Exchange rate differences on gold and foreign currency | 19,363,536 | 7,195,089 | 17,714,259 |
Other Operating Income | 67,900,087 | 51,687,042 | 50,491,573 |
Income from Insurance Business | 0 | 0 | 0 |
Expected credit loss allowance | (35,373,248) | (28,229,237) | (87,440,130) |
Personnel Expenses | (66,842,428) | (60,724,618) | (64,949,104) |
Administrative Expenses | (65,078,187) | (63,474,529) | (63,690,811) |
Depreciation and Impairment of Assets | (22,206,029) | (21,081,120) | (17,984,720) |
Other Operating Expenses | (89,825,365) | (79,019,545) | (70,108,870) |
Loss on net monetary position | (222,222,883) | (125,152,602) | (79,867,845) |
Operating Income | 48,260,780 | 63,617,483 | 112,833,627 |
Share of profit from Associates and Joint Ventures | (441,246) | (251,579) | (367,686) |
Income before Taxes from Continuing Operations | 47,819,534 | 63,365,904 | 112,465,941 |
Income Tax from Continuing Operations | (6,287,871) | (19,135,666) | (51,396,958) |
Net Income from Continuing Operations | 41,531,663 | 44,230,238 | 61,068,983 |
Net Income for the Year | 41,531,663 | 44,230,238 | 61,068,983 |
Other Comprehensive Income (Loss) | (1,129,111) | 146,510 | (608,095) |
Total Comprehensive Income Attributable to Parent company´s owners | 40,402,552 | 44,376,748 | 60,460,888 |
Total Comprehensive Income Attributable to Non-controlling Interests | 0 | 0 | 0 |
Operating segments | Naranja X | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | 67,341,708 | 72,919,342 | 49,759,850 |
Net fee Income | 56,303,837 | 53,983,140 | 48,769,483 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 13,376,342 | 815,017 | 5,848,243 |
Income from Derecognition of Assets Measured at Amortized Cost | (16,642) | 382 | 0 |
Exchange rate differences on gold and foreign currency | (130,717) | 284,507 | 1,088,830 |
Other Operating Income | 11,494,726 | 11,570,020 | 10,216,311 |
Income from Insurance Business | 0 | 0 | 0 |
Expected credit loss allowance | (17,079,742) | (14,520,749) | (13,108,705) |
Personnel Expenses | (24,427,682) | (24,214,647) | (23,756,984) |
Administrative Expenses | (22,386,291) | (21,231,947) | (24,265,919) |
Depreciation and Impairment of Assets | (5,014,980) | (6,374,480) | (5,492,860) |
Other Operating Expenses | (33,880,026) | (27,465,831) | (21,645,233) |
Loss on net monetary position | (41,603,949) | (25,336,625) | (15,969,453) |
Operating Income | 3,976,584 | 20,428,129 | 11,443,563 |
Share of profit from Associates and Joint Ventures | 0 | 0 | 0 |
Income before Taxes from Continuing Operations | 3,976,584 | 20,428,129 | 11,443,563 |
Income Tax from Continuing Operations | (1,955,092) | (8,306,040) | (5,094,483) |
Net Income from Continuing Operations | 2,021,492 | 12,122,089 | 6,349,080 |
Net Income for the Year | 2,021,492 | 12,122,089 | 6,349,080 |
Other Comprehensive Income (Loss) | (14) | (617) | 617 |
Total Comprehensive Income Attributable to Parent company´s owners | 2,021,478 | 12,121,472 | 5,346,731 |
Total Comprehensive Income Attributable to Non-controlling Interests | 0 | 0 | 1,002,966 |
Operating segments | Insurance | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | 9,582,116 | 4,542,351 | 2,137,231 |
Net fee Income | 0 | 0 | 0 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | (6,470,206) | (2,943,615) | 167,594 |
Income from Derecognition of Assets Measured at Amortized Cost | 0 | 0 | 0 |
Exchange rate differences on gold and foreign currency | 4,521 | 76,232 | (80,419) |
Other Operating Income | 879,687 | 737,331 | 1,483,807 |
Income from Insurance Business | 8,575,976 | 8,279,285 | 9,954,815 |
Expected credit loss allowance | 1,203 | (7,828) | 49,061 |
Personnel Expenses | (3,703,821) | (3,145,466) | (3,579,919) |
Administrative Expenses | (1,681,451) | (1,584,629) | (1,605,789) |
Depreciation and Impairment of Assets | (550,612) | (707,876) | (795,035) |
Other Operating Expenses | (11,356) | (26,770) | (12,811) |
Loss on net monetary position | (1,947,758) | (1,287,760) | (1,961,414) |
Operating Income | 4,678,299 | 3,931,255 | 5,757,121 |
Share of profit from Associates and Joint Ventures | 0 | 0 | 0 |
Income before Taxes from Continuing Operations | 4,678,299 | 3,931,255 | 5,757,121 |
Income Tax from Continuing Operations | (2,185,788) | (1,622,019) | (1,941,735) |
Net Income from Continuing Operations | 2,492,511 | 2,309,236 | 3,815,386 |
Net Income for the Year | 2,492,511 | 2,309,236 | 3,815,386 |
Other Comprehensive Income (Loss) | (18,262) | 23,952 | 52,204 |
Total Comprehensive Income Attributable to Parent company´s owners | 2,474,240 | 2,333,188 | 3,867,620 |
Total Comprehensive Income Attributable to Non-controlling Interests | 9 | 0 | (30) |
Operating segments | Other Businesses | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | 473,747 | 154,298 | 20,129 |
Net fee Income | 23,379 | (52,363) | (17,967) |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 8,581,893 | 2,884,160 | 3,763,048 |
Income from Derecognition of Assets Measured at Amortized Cost | 0 | 0 | 0 |
Exchange rate differences on gold and foreign currency | 900,475 | 1,199,578 | 1,998,517 |
Other Operating Income | 13,526,033 | 8,899,413 | 6,951,307 |
Income from Insurance Business | 0 | 0 | 0 |
Expected credit loss allowance | 0 | 0 | 0 |
Personnel Expenses | (1,917,526) | (2,385,542) | (1,287,431) |
Administrative Expenses | (2,590,818) | (2,036,038) | (2,141,363) |
Depreciation and Impairment of Assets | (102,077) | (76,631) | (85,176) |
Other Operating Expenses | (1,789,751) | (923,326) | (762,631) |
Loss on net monetary position | (7,601,993) | (3,087,345) | (2,236,251) |
Operating Income | 9,503,362 | 4,576,204 | 6,202,182 |
Share of profit from Associates and Joint Ventures | 0 | 0 | 0 |
Income before Taxes from Continuing Operations | 9,503,362 | 4,576,204 | 6,202,182 |
Income Tax from Continuing Operations | (6,574,174) | (2,895,913) | (2,680,791) |
Net Income from Continuing Operations | 2,929,188 | 1,680,291 | 3,521,391 |
Net Income for the Year | 2,929,188 | 1,680,291 | 3,521,391 |
Other Comprehensive Income (Loss) | 186,860 | (7,778) | 467 |
Total Comprehensive Income Attributable to Parent company´s owners | 3,116,048 | 1,672,513 | 3,521,858 |
Total Comprehensive Income Attributable to Non-controlling Interests | 0 | 0 | 0 |
Adjustments | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | (2,098,935) | 1,101,914 | 665,867 |
Net fee Income | (2,974,406) | (3,452,512) | (3,192,339) |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 2,258,171 | (660,119) | (2,658) |
Income from Derecognition of Assets Measured at Amortized Cost | 0 | 0 | 0 |
Exchange rate differences on gold and foreign currency | 0 | 0 | 0 |
Other Operating Income | (2,963,883) | (3,087,267) | (3,509,103) |
Income from Insurance Business | 5,114,755 | 6,037,909 | 5,896,993 |
Expected credit loss allowance | 0 | 0 | 0 |
Personnel Expenses | 0 | 0 | 0 |
Administrative Expenses | 325,204 | 273,741 | 355,775 |
Depreciation and Impairment of Assets | (3,447) | 0 | 0 |
Other Operating Expenses | 7,096 | 14,267 | 42,513 |
Loss on net monetary position | 0 | 0 | 0 |
Operating Income | (335,445) | 227,933 | 257,048 |
Share of profit from Associates and Joint Ventures | 0 | 0 | 0 |
Income before Taxes from Continuing Operations | (335,445) | 227,933 | 257,048 |
Income Tax from Continuing Operations | 0 | 0 | 0 |
Net Income from Continuing Operations | (335,445) | 227,933 | 257,048 |
Net Income for the Year | (335,445) | 227,933 | 257,048 |
Other Comprehensive Income (Loss) | 0 | 0 | 0 |
Total Comprehensive Income Attributable to Parent company´s owners | (335,445) | 227,933 | 257,048 |
Total Comprehensive Income Attributable to Non-controlling Interests | 0 | $ 0 | $ 0 |
Segment Adjustments | |||
Disclosure of operating segments [line items] | |||
Net Income from interest | (2,098,935) | ||
Net fee Income | (2,974,406) | ||
Net Income from Financial Instruments measured at fair value through Profit or Loss | 2,258,171 | ||
Income from Derecognition of Assets Measured at Amortized Cost | 0 | ||
Exchange rate differences on gold and foreign currency | 0 | ||
Other Operating Income | (2,963,883) | ||
Income from Insurance Business | 5,114,755 | ||
Expected credit loss allowance | 0 | ||
Personnel Expenses | 0 | ||
Administrative Expenses | 325,204 | ||
Depreciation and Impairment of Assets | (3,447) | ||
Other Operating Expenses | 7,096 | ||
Loss on net monetary position | 0 | ||
Operating Income | (335,445) | ||
Share of profit from Associates and Joint Ventures | 0 | ||
Income before Taxes from Continuing Operations | (335,445) | ||
Income Tax from Continuing Operations | 0 | ||
Net Income from Continuing Operations | (335,445) | ||
Net Income for the Year | (335,445) | ||
Other Comprehensive Income (Loss) | 0 | ||
Total Comprehensive Income Attributable to Parent company´s owners | (335,445) | ||
Total Comprehensive Income Attributable to Non-controlling Interests | $ 0 |
Segment Reporting - Summary o_2
Segment Reporting - Summary of Operating Segments ( Balance Sheet ) (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Cash and Due from Banks | $ 447,544,202 | $ 462,491,302 |
Debt Securities at fair value through profit or loss | 792,270,323 | 459,588,993 |
Derivative Financial Instruments | 3,327,780 | 2,429,223 |
Repurchase Transactions | 115,523,908 | 395,830,377 |
Other Financial Assets | 55,571,314 | 45,526,918 |
Loans and Other Financing | 1,243,616,465 | 1,450,106,105 |
Other Debt Securities | 366,674,973 | 183,801,002 |
Financial Assets Pledged as Collateral | 152,102,733 | 68,636,679 |
Current Income Tax Assets | 410,248 | 148,785 |
Investments in Equity Instruments | 2,239,039 | 2,438,682 |
Equity investments in Associates and Joint Ventures | 666,769 | 329,876 |
Property, Plant and Equipment | 115,820,988 | 121,153,619 |
Intangible Assets | 38,513,019 | 41,357,399 |
Deferred Income Tax Assets | 7,251,712 | 8,349,605 |
Assets for Insurance Contracts | 4,932,269 | 6,267,504 |
Other Non-financial Assets | 25,170,574 | 20,256,128 |
Non-current Assets Held for Sale | 1,251 | 1,280 |
Total Assets | 3,371,637,567 | 3,268,713,477 |
Liabilities | ||
Deposits | 2,141,977,734 | 2,017,874,559 |
Liabilities at fair value through profit or loss | 78,223 | 147,408 |
Derivative Financial Instruments | 1,694,114 | 1,387,179 |
Repurchase Transactions | 0 | 631,362 |
Other Financial Liabilities | 348,779,269 | 381,231,576 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 37,438,244 | 46,186,834 |
Debt Securities | 67,303,327 | 54,487,112 |
Current Income Tax Liabilities | 8,799,933 | 18,814,719 |
Subordinated Debt Securities | 45,405,004 | 51,182,953 |
Provisions | 10,255,023 | 8,535,056 |
Deferred Income Tax Liabilities | 6,366,393 | 10,578,430 |
Liabilities for Insurance Contracts | 5,109,920 | 6,215,128 |
Other Non-financial Liabilities | 89,552,825 | 78,355,869 |
Liabilities | 2,762,760,009 | 2,675,628,185 |
Operating segments | Argentina | ||
Assets | ||
Cash and Due from Banks | 448,863,724 | |
Debt Securities at fair value through profit or loss | 795,991,779 | |
Derivative Financial Instruments | 4,568,957 | |
Repurchase Transactions | 126,440,423 | |
Other Financial Assets | 55,623,034 | |
Loans and Other Financing | 1,279,069,937 | |
Other Debt Securities | 367,037,594 | |
Financial Assets Pledged as Collateral | 151,925,489 | |
Current Income Tax Assets | 410,248 | |
Investments in Equity Instruments | 2,239,039 | |
Equity investments in Associates and Joint Ventures | 666,769 | |
Property, Plant and Equipment | 116,262,135 | |
Intangible Assets | 38,512,401 | |
Deferred Income Tax Assets | 7,251,712 | |
Assets for Insurance Contracts | 4,932,269 | |
Other Non-financial Assets | 25,169,334 | |
Non-current Assets Held for Sale | 1,251 | |
Total Assets | 3,424,966,095 | |
Liabilities | ||
Deposits | 2,149,330,730 | |
Liabilities at fair value through profit or loss | 78,223 | |
Derivative Financial Instruments | 2,935,291 | |
Repurchase Transactions | 10,916,515 | |
Other Financial Liabilities | 345,024,725 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 70,506,567 | |
Debt Securities | 71,723,852 | |
Current Income Tax Liabilities | 8,799,933 | |
Subordinated Debt Securities | 45,405,004 | |
Provisions | 10,255,023 | |
Deferred Income Tax Liabilities | 6,366,393 | |
Liabilities for Insurance Contracts | 5,114,252 | |
Other Non-financial Liabilities | 89,278,236 | |
Liabilities | 2,815,734,744 | |
Operating segments | Uruguay | ||
Assets | ||
Cash and Due from Banks | 3,729,346 | |
Debt Securities at fair value through profit or loss | 336,448 | |
Derivative Financial Instruments | 0 | |
Repurchase Transactions | 0 | |
Other Financial Assets | 0 | |
Loans and Other Financing | 117 | |
Other Debt Securities | 0 | |
Financial Assets Pledged as Collateral | 177,244 | |
Current Income Tax Assets | 0 | |
Investments in Equity Instruments | 0 | |
Equity investments in Associates and Joint Ventures | 0 | |
Property, Plant and Equipment | 1,992 | |
Intangible Assets | 618 | |
Deferred Income Tax Assets | 0 | |
Assets for Insurance Contracts | 0 | |
Other Non-financial Assets | 1,240 | |
Non-current Assets Held for Sale | 0 | |
Total Assets | 4,247,005 | |
Liabilities | ||
Deposits | 0 | |
Liabilities at fair value through profit or loss | 0 | |
Derivative Financial Instruments | 0 | |
Repurchase Transactions | 0 | |
Other Financial Liabilities | 3,829,514 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 0 | |
Debt Securities | 0 | |
Current Income Tax Liabilities | 0 | |
Subordinated Debt Securities | 0 | |
Provisions | 0 | |
Deferred Income Tax Liabilities | 0 | |
Liabilities for Insurance Contracts | 0 | |
Other Non-financial Liabilities | 328,145 | |
Liabilities | 4,157,659 | |
Operating segments | Bank | ||
Assets | ||
Cash and Due from Banks | 434,234,303 | 451,386,804 |
Debt Securities at fair value through profit or loss | 791,605,630 | 460,271,635 |
Derivative Financial Instruments | 3,327,165 | 3,089,342 |
Repurchase Transactions | 104,710,279 | 395,752,551 |
Other Financial Assets | 43,503,828 | 34,736,204 |
Loans and Other Financing | 947,521,428 | 1,121,202,076 |
Other Debt Securities | 350,400,776 | 179,668,043 |
Financial Assets Pledged as Collateral | 100,091,787 | 68,035,220 |
Current Income Tax Assets | 0 | 0 |
Investments in Equity Instruments | 2,239,032 | 2,438,670 |
Equity investments in Associates and Joint Ventures | 666,769 | 329,876 |
Property, Plant and Equipment | 103,694,179 | 106,905,247 |
Intangible Assets | 34,525,100 | 37,091,193 |
Deferred Income Tax Assets | 0 | 0 |
Assets for Insurance Contracts | 0 | 0 |
Other Non-financial Assets | 15,007,332 | 12,387,987 |
Non-current Assets Held for Sale | 1,251 | 1,280 |
Total Assets | 2,931,528,859 | 2,873,296,128 |
Liabilities | ||
Deposits | 2,122,305,946 | 2,027,157,625 |
Liabilities at fair value through profit or loss | 78,223 | 0 |
Derivative Financial Instruments | 2,935,291 | 1,387,179 |
Repurchase Transactions | 0 | 631,362 |
Other Financial Liabilities | 151,765,261 | 185,122,472 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 10,488,009 | 17,433,425 |
Debt Securities | 12,382,571 | 14,310,368 |
Current Income Tax Liabilities | 3,121,865 | 10,101,341 |
Subordinated Debt Securities | 45,405,004 | 51,182,953 |
Provisions | 9,829,772 | 7,862,874 |
Deferred Income Tax Liabilities | 5,244,791 | 9,337,606 |
Liabilities for Insurance Contracts | 0 | 0 |
Other Non-financial Liabilities | 67,238,020 | 58,548,495 |
Liabilities | 2,430,794,753 | 2,383,075,700 |
Operating segments | Naranja X | ||
Assets | ||
Cash and Due from Banks | 6,628,132 | 10,643,164 |
Debt Securities at fair value through profit or loss | 200,660 | 405,707 |
Derivative Financial Instruments | 1,241,792 | 0 |
Repurchase Transactions | 21,730,144 | 77,826 |
Other Financial Assets | 1,325,042 | 4,809,344 |
Loans and Other Financing | 328,475,283 | 341,958,707 |
Other Debt Securities | 7,429,208 | 5,867 |
Financial Assets Pledged as Collateral | 51,064,021 | 32,266 |
Current Income Tax Assets | 0 | 0 |
Investments in Equity Instruments | 0 | 0 |
Equity investments in Associates and Joint Ventures | 0 | 0 |
Property, Plant and Equipment | 12,010,385 | 12,297,578 |
Intangible Assets | 3,304,352 | 4,059,603 |
Deferred Income Tax Assets | 6,240,321 | 6,850,041 |
Assets for Insurance Contracts | 0 | 0 |
Other Non-financial Assets | 6,280,556 | 3,978,994 |
Non-current Assets Held for Sale | 0 | 0 |
Total Assets | 445,929,896 | 385,119,097 |
Liabilities | ||
Deposits | 26,973,322 | 52,678 |
Liabilities at fair value through profit or loss | 0 | 0 |
Derivative Financial Instruments | 0 | 660,119 |
Repurchase Transactions | 10,916,515 | 0 |
Other Financial Liabilities | 187,394,521 | 187,534,417 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 60,018,558 | 45,561,413 |
Debt Securities | 59,341,281 | 41,639,053 |
Current Income Tax Liabilities | 1,163,753 | 6,776,142 |
Subordinated Debt Securities | 0 | 0 |
Provisions | 170,515 | 318,602 |
Deferred Income Tax Liabilities | 0 | 0 |
Liabilities for Insurance Contracts | 0 | 0 |
Other Non-financial Liabilities | 13,669,425 | 15,291,982 |
Liabilities | 359,647,890 | 297,834,406 |
Operating segments | Insurance | ||
Assets | ||
Cash and Due from Banks | 12,878 | 104,273 |
Debt Securities at fair value through profit or loss | 116,439 | 72,027 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Assets | 1,052,423 | 847,035 |
Loans and Other Financing | 5,599 | 14,421 |
Other Debt Securities | 6,101,116 | 4,371,739 |
Financial Assets Pledged as Collateral | 0 | 0 |
Current Income Tax Assets | 368,398 | 121,500 |
Investments in Equity Instruments | 0 | 0 |
Equity investments in Associates and Joint Ventures | 0 | 0 |
Property, Plant and Equipment | 414,097 | 1,767,674 |
Intangible Assets | 73,620 | 97,071 |
Deferred Income Tax Assets | 411,870 | 756,908 |
Assets for Insurance Contracts | 4,932,269 | 6,267,504 |
Other Non-financial Assets | 191,377 | 190,923 |
Non-current Assets Held for Sale | 0 | 0 |
Total Assets | 13,680,086 | 14,611,075 |
Liabilities | ||
Deposits | 0 | 0 |
Liabilities at fair value through profit or loss | 0 | 0 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Liabilities | 0 | 0 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 0 | 0 |
Debt Securities | 0 | 0 |
Current Income Tax Liabilities | 1,266,801 | 417,111 |
Subordinated Debt Securities | 0 | 0 |
Provisions | 199,606 | 302,498 |
Deferred Income Tax Liabilities | 124,658 | 497,718 |
Liabilities for Insurance Contracts | 5,114,252 | 6,216,852 |
Other Non-financial Liabilities | 1,737,302 | 1,855,619 |
Liabilities | 8,442,619 | 9,289,798 |
Operating segments | Other Businesses | ||
Assets | ||
Cash and Due from Banks | 11,717,757 | 8,714,984 |
Debt Securities at fair value through profit or loss | 4,405,498 | 57,286 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Assets | 9,741,741 | 5,134,335 |
Loans and Other Financing | 3,067,744 | 4,972,885 |
Other Debt Securities | 3,106,494 | 0 |
Financial Assets Pledged as Collateral | 946,925 | 569,193 |
Current Income Tax Assets | 41,850 | 27,285 |
Investments in Equity Instruments | 7 | 12 |
Equity investments in Associates and Joint Ventures | 0 | 0 |
Property, Plant and Equipment | 145,466 | 183,120 |
Intangible Assets | 609,947 | 109,532 |
Deferred Income Tax Assets | 599,521 | 742,656 |
Assets for Insurance Contracts | 0 | 0 |
Other Non-financial Assets | 3,691,309 | 3,698,224 |
Non-current Assets Held for Sale | 0 | 0 |
Total Assets | 38,074,259 | 24,209,512 |
Liabilities | ||
Deposits | 51,462 | 0 |
Liabilities at fair value through profit or loss | 0 | 147,408 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Liabilities | 9,694,457 | 8,773,886 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 0 | 0 |
Debt Securities | 0 | 0 |
Current Income Tax Liabilities | 3,247,514 | 1,520,125 |
Subordinated Debt Securities | 0 | 0 |
Provisions | 55,130 | 51,082 |
Deferred Income Tax Liabilities | 996,944 | 743,106 |
Liabilities for Insurance Contracts | 0 | 0 |
Other Non-financial Liabilities | 6,961,634 | 2,715,009 |
Liabilities | 21,007,141 | 13,950,616 |
Adjustments | ||
Assets | ||
Cash and Due from Banks | (5,048,868) | (8,357,923) |
Debt Securities at fair value through profit or loss | (4,057,904) | (1,217,662) |
Derivative Financial Instruments | (1,241,177) | (660,119) |
Repurchase Transactions | (10,916,515) | 0 |
Other Financial Assets | (51,720) | 0 |
Loans and Other Financing | (35,453,589) | (18,041,984) |
Other Debt Securities | (362,621) | (244,647) |
Financial Assets Pledged as Collateral | 0 | 0 |
Current Income Tax Assets | 0 | 0 |
Investments in Equity Instruments | 0 | 0 |
Equity investments in Associates and Joint Ventures | 0 | 0 |
Property, Plant and Equipment | (443,139) | 0 |
Intangible Assets | 0 | 0 |
Deferred Income Tax Assets | 0 | 0 |
Assets for Insurance Contracts | 0 | 0 |
Other Non-financial Assets | 0 | 0 |
Non-current Assets Held for Sale | 0 | 0 |
Total Assets | (57,575,533) | (28,522,335) |
Liabilities | ||
Deposits | (7,352,996) | (9,335,744) |
Liabilities at fair value through profit or loss | 0 | 0 |
Derivative Financial Instruments | (1,241,177) | (660,119) |
Repurchase Transactions | (10,916,515) | 0 |
Other Financial Liabilities | (74,970) | (199,199) |
Financing Received from the Argentine Central Bank and Other Financial Institutions | (33,068,323) | (16,808,004) |
Debt Securities | (4,420,525) | (1,462,309) |
Current Income Tax Liabilities | 0 | 0 |
Subordinated Debt Securities | 0 | 0 |
Provisions | 0 | 0 |
Deferred Income Tax Liabilities | 0 | 0 |
Liabilities for Insurance Contracts | (4,332) | (1,724) |
Other Non-financial Liabilities | (53,556) | (55,236) |
Liabilities | (57,132,394) | $ (28,522,335) |
Segment Adjustments | ||
Assets | ||
Cash and Due from Banks | (5,048,868) | |
Debt Securities at fair value through profit or loss | (4,057,904) | |
Derivative Financial Instruments | (1,241,177) | |
Repurchase Transactions | (10,916,515) | |
Other Financial Assets | (51,720) | |
Loans and Other Financing | (35,453,589) | |
Other Debt Securities | (362,621) | |
Financial Assets Pledged as Collateral | 0 | |
Current Income Tax Assets | 0 | |
Investments in Equity Instruments | 0 | |
Equity investments in Associates and Joint Ventures | 0 | |
Property, Plant and Equipment | (443,139) | |
Intangible Assets | 0 | |
Deferred Income Tax Assets | 0 | |
Assets for Insurance Contracts | 0 | |
Other Non-financial Assets | 0 | |
Non-current Assets Held for Sale | 0 | |
Total Assets | (57,575,533) | |
Liabilities | ||
Deposits | (7,352,996) | |
Liabilities at fair value through profit or loss | 0 | |
Derivative Financial Instruments | (1,241,177) | |
Repurchase Transactions | (10,916,515) | |
Other Financial Liabilities | (74,970) | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | (33,068,323) | |
Debt Securities | (4,420,525) | |
Current Income Tax Liabilities | 0 | |
Subordinated Debt Securities | 0 | |
Provisions | 0 | |
Deferred Income Tax Liabilities | 0 | |
Liabilities for Insurance Contracts | (4,332) | |
Other Non-financial Liabilities | (53,556) | |
Liabilities | $ (57,132,394) |
Capital Management and Risk P_3
Capital Management and Risk Policies - Summary of Regulatory Capital (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [abstract] | ||
Basic Shareholders’ Equity | $ 505,589,433 | $ 257,700,315 |
(Deductible Items) | (63,094,866) | (35,563,896) |
Equity Tier 1 | 442,494,567 | 222,136,419 |
Complementing shareholders’ Equity | 36,138,983 | 29,006,025 |
Equity Tier 2 | 36,138,983 | 29,006,025 |
Regulatory Capital (RPC) | $ 478,633,550 | $ 251,142,444 |
Capital Management and Risk P_4
Capital Management and Risk Policies - Summary of Breakdown of Minimum Capital Requirement (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [abstract] | ||
Credit Risk | $ 109,407,718 | $ 63,920,141 |
Market Risk | 6,642,210 | 1,133,654 |
Operational Risk | 36,743,804 | 20,190,530 |
Minimum Capital Requirement | 152,793,732 | 85,244,325 |
Integration | 478,633,550 | 251,142,444 |
Excess | $ 325,839,818 | $ 165,898,119 |
Capital Management and Risk P_5
Capital Management and Risk Policies - Summary of Exposure to Foreign Exchange Risk as of Year End by Type of Currency (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Derivatives | $ 1,694,114 | $ 1,387,179 |
Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 569,904 | 494,872 |
Monetary Financial Liabilities | (467,758) | (486,179) |
Derivatives | (22,858) | (2,515) |
Net Position | 79,288 | 6,178 |
US Dollar | Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 563,733 | 488,662 |
Monetary Financial Liabilities | (465,334) | (484,868) |
Derivatives | (22,858) | (2,515) |
Net Position | 75,541 | 1,279 |
Euro | Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 5,758 | 5,733 |
Monetary Financial Liabilities | (2,247) | (1,214) |
Derivatives | 0 | 0 |
Net Position | 3,511 | 4,519 |
Canadian Dollar | Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 60 | 62 |
Monetary Financial Liabilities | (12) | (8) |
Derivatives | 0 | 0 |
Net Position | 48 | 54 |
Real | Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 70 | 76 |
Monetary Financial Liabilities | 0 | 0 |
Derivatives | 0 | 0 |
Net Position | 70 | 76 |
Swiss Franc | Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 80 | 173 |
Monetary Financial Liabilities | (53) | (62) |
Derivatives | 0 | 0 |
Net Position | 27 | 111 |
Others | Currency risk | ||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||
Monetary Financial Assets | 203 | 166 |
Monetary Financial Liabilities | (112) | (27) |
Derivatives | 0 | 0 |
Net Position | $ 91 | $ 139 |
Capital Management and Risk P_6
Capital Management and Risk Policies - Summary of Exposure to Foreign Exchange Risk as of Year End by Change in Type of Currency (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Income (Loss) | $ 48,639,409 | $ 60,569,787 | $ 75,011,888 | |
Shareholders’ Equity | $ 608,877,558 | 593,085,292 | $ 536,104,961 | $ 467,674,054 |
Currency risk | Top of range | US Dollar | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | 10% | |||
Income (Loss) | $ 7,554 | 128 | ||
Shareholders’ Equity | $ 83,095 | 1,407 | ||
Currency risk | Top of range | Euro | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | 10% | |||
Income (Loss) | $ 351 | 452 | ||
Shareholders’ Equity | $ 3,862 | 4,971 | ||
Currency risk | Top of range | Canadian Dollar | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | 10% | |||
Income (Loss) | $ 5 | 5 | ||
Shareholders’ Equity | $ 53 | 59 | ||
Currency risk | Top of range | Real | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | 10% | |||
Income (Loss) | $ 7 | 8 | ||
Shareholders’ Equity | $ 77 | 84 | ||
Currency risk | Top of range | Swiss Franc | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | 10% | |||
Income (Loss) | $ 3 | 11 | ||
Shareholders’ Equity | $ 30 | 122 | ||
Currency risk | Top of range | Others | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | 10% | |||
Income (Loss) | $ 9 | 14 | ||
Shareholders’ Equity | $ 100 | 153 | ||
Currency risk | Bottom of range | US Dollar | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | (10.00%) | |||
Income (Loss) | $ (7,554) | (128) | ||
Shareholders’ Equity | $ 67,987 | 1,151 | ||
Currency risk | Bottom of range | Euro | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | (10.00%) | |||
Income (Loss) | $ (351) | (452) | ||
Shareholders’ Equity | $ 3,160 | 4,067 | ||
Currency risk | Bottom of range | Canadian Dollar | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | (10.00%) | |||
Income (Loss) | $ (5) | (5) | ||
Shareholders’ Equity | $ 43 | 49 | ||
Currency risk | Bottom of range | Real | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | (10.00%) | |||
Income (Loss) | $ (7) | (8) | ||
Shareholders’ Equity | $ 63 | 68 | ||
Currency risk | Bottom of range | Swiss Franc | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | (10.00%) | |||
Income (Loss) | $ (3) | (11) | ||
Shareholders’ Equity | $ 24 | 100 | ||
Currency risk | Bottom of range | Others | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change | (10.00%) | |||
Income (Loss) | $ (9) | (14) | ||
Shareholders’ Equity | $ 82 | $ 125 |
Capital Management and Risk P_7
Capital Management and Risk Policies - Additional information (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Statement [Line Items] | |
Confidence level used to determine risk adjustment for non-financial risk | 99.50% |
Percentage of central scenario probability of occurrence | 70% |
Percentage of downside scenario probability of occurrence | 15% |
Percentage of upside scenario probability of occurrence | 15% |
Argentine Pesos | |
Statement [Line Items] | |
Number of basis points | 4% |
US Dollar | |
Statement [Line Items] | |
Number of basis points | 2% |
Capital Management and Risk P_8
Capital Management and Risk Policies - Schedule of Residual Value of Assets and Liabilities, Classified by Interest Renegotiation Date or Maturity Date (Detail) - Interest rate risk - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | $ 3,002,370,274 | $ 2,975,360,656 |
Total Financial Liabilities | 2,634,217,924 | 2,572,314,759 |
Net Amount | 368,152,350 | 403,045,897 |
Less than 1 Month | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 1,564,252,720 | 1,218,248,178 |
Total Financial Liabilities | 1,798,114,983 | 1,594,006,099 |
Net Amount | (233,862,263) | (375,757,921) |
From 30 to 90 | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 222,116,924 | 227,522,500 |
Total Financial Liabilities | 141,984,868 | 187,902,631 |
Net Amount | 80,132,056 | 39,619,869 |
From 90 to 180 | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 182,093,779 | 207,081,498 |
Total Financial Liabilities | 77,437,893 | 74,947,553 |
Net Amount | 104,655,886 | 132,133,945 |
6 to 12 Months | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 174,281,923 | 301,340,191 |
Total Financial Liabilities | 33,176,025 | 47,271,067 |
Net Amount | 141,105,898 | 254,069,124 |
More than 365 | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 859,624,928 | 1,021,168,289 |
Total Financial Liabilities | 583,504,155 | 668,187,409 |
Net Amount | $ 276,120,773 | $ 352,980,880 |
Capital Management and Risk P_9
Capital Management and Risk Policies - Schedule of Sensitivity to Potential Additional Changes in Interest Rates (Detail) - Interest rate risk | 12 Months Ended |
Dec. 31, 2022 ARS ($) | |
Decrease in Interest Rate | |
Disclosure of sensitivity analysis market risk [line items] | |
Additional Changes to the Interest Rate | (1.00%) |
Increase/(Decrease) in Income before Income Tax in Pesos | $ (490,165,000) |
Increase in Interest Rate | |
Disclosure of sensitivity analysis market risk [line items] | |
Additional Changes to the Interest Rate | 1% |
Increase/(Decrease) in Income before Income Tax in Pesos | $ 490,165,000 |
Capital Management and Risk _10
Capital Management and Risk Policies - Schedule of Analysis of Maturities of Assets and Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Assets | ||
Derivative Financial Instruments | $ 3,327,780 | $ 2,429,223 |
Other Financial Assets | 55,571,314 | 45,526,918 |
Loans and Other Financing | 1,243,616,465 | 1,450,106,105 |
Liabilities | ||
Liabilities measured at Fair Value trough Profti or Loss | 78,223 | 147,408 |
Derivative Financial Instruments | 1,694,114 | 1,387,179 |
Other Financial Liabilities | 348,779,269 | 381,231,576 |
Lease Liabilities | 7,675,499 | 8,535,060 |
Subordinated Debt Securities | 45,405,004 | 51,182,953 |
Liquidity risk | ||
Assets | ||
Debt Securities measured at Fair Value through Profit or Loss | 1,022,008,616 | 462,657,752 |
Derivative Financial Instruments | 3,327,780 | 2,429,223 |
Repurchase Transactions | 119,021,390 | 401,893,669 |
Other Financial Assets | 60,392,977 | 36,143,069 |
Loans and Other Financing | 1,663,092,503 | 1,730,456,811 |
Other Debt Securities | 371,656,026 | 192,584,356 |
Financial Assets Pledged as Collateral | 152,102,733 | 68,636,679 |
Investments in Equity Instruments | 2,239,039 | 7,028,660 |
Liabilities | ||
Deposits | 2,197,342,487 | 2,041,946,772 |
Liabilities measured at Fair Value trough Profti or Loss | 78,223 | 147,408 |
Derivative Financial Instruments | 1,694,114 | 1,387,179 |
Repurchase Transactions | 631,362 | |
Other Financial Liabilities | 344,493,418 | 372,595,660 |
Lease Liabilities | 6,796,064 | 11,119,765 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 49,376,678 | 57,885,223 |
Debt Securities | 99,768,311 | 63,563,696 |
Subordinated Debt Securities | 57,588,410 | 68,791,522 |
Liquidity risk | Less than 1 Month | ||
Assets | ||
Debt Securities measured at Fair Value through Profit or Loss | 1,014,064,047 | 459,158,409 |
Derivative Financial Instruments | 3,327,780 | 2,429,223 |
Repurchase Transactions | 119,021,390 | 401,893,669 |
Other Financial Assets | 45,835,239 | 28,902,509 |
Loans and Other Financing | 572,812,215 | 535,304,629 |
Other Debt Securities | 367,461,993 | 190,132,678 |
Financial Assets Pledged as Collateral | 152,102,733 | 68,636,679 |
Investments in Equity Instruments | 2,239,039 | 7,028,660 |
Liabilities | ||
Deposits | 2,093,575,083 | 1,911,054,137 |
Liabilities measured at Fair Value trough Profti or Loss | 78,223 | 147,408 |
Derivative Financial Instruments | 1,694,114 | 1,387,179 |
Repurchase Transactions | 631,362 | |
Other Financial Liabilities | 239,554,117 | 254,688,554 |
Lease Liabilities | 229,377 | 222,781 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 8,669,292 | 10,129,288 |
Debt Securities | 8,357,182 | 2,958,930 |
Subordinated Debt Securities | 1,721,348 | 1,940,226 |
Liquidity risk | 1 to 6 Months | ||
Assets | ||
Debt Securities measured at Fair Value through Profit or Loss | 1,114,527 | 562,960 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Assets | 406,230 | 239,689 |
Loans and Other Financing | 533,673,648 | 544,921,482 |
Other Debt Securities | 642,649 | 592,931 |
Financial Assets Pledged as Collateral | 0 | 0 |
Investments in Equity Instruments | 0 | 0 |
Liabilities | ||
Deposits | 97,575,203 | 124,684,660 |
Liabilities measured at Fair Value trough Profti or Loss | 0 | 0 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | |
Other Financial Liabilities | 101,045,209 | 117,499,174 |
Lease Liabilities | 716,603 | 1,110,498 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 20,461,200 | 9,005,852 |
Debt Securities | 38,668,400 | 29,667,331 |
Subordinated Debt Securities | 0 | 0 |
Liquidity risk | 6 to 12 Months | ||
Assets | ||
Debt Securities measured at Fair Value through Profit or Loss | 1,313,225 | 1,141,167 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Assets | 492,319 | 290,485 |
Loans and Other Financing | 228,700,321 | 351,054,269 |
Other Debt Securities | 927,063 | 446,943 |
Financial Assets Pledged as Collateral | 0 | 0 |
Investments in Equity Instruments | 0 | 0 |
Liabilities | ||
Deposits | 6,076,398 | 5,988,451 |
Liabilities measured at Fair Value trough Profti or Loss | 0 | 0 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | |
Other Financial Liabilities | 370,307 | 346,675 |
Lease Liabilities | 890,882 | 1,254,803 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 18,339,685 | 30,998,853 |
Debt Securities | 24,315,628 | 18,480,066 |
Subordinated Debt Securities | 1,721,348 | 1,940,226 |
Liquidity risk | 12 Months to 5 Years | ||
Assets | ||
Debt Securities measured at Fair Value through Profit or Loss | 5,516,817 | 1,795,216 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Assets | 6,751,750 | 6,710,386 |
Loans and Other Financing | 196,987,889 | 226,381,525 |
Other Debt Securities | 2,624,321 | 1,411,804 |
Financial Assets Pledged as Collateral | 0 | 0 |
Investments in Equity Instruments | 0 | 0 |
Liabilities | ||
Deposits | 115,785 | 219,481 |
Liabilities measured at Fair Value trough Profti or Loss | 0 | 0 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | |
Other Financial Liabilities | 2,605,966 | 51,455 |
Lease Liabilities | 3,233,811 | 7,343,487 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 1,906,501 | 7,751,230 |
Debt Securities | 28,427,101 | 12,457,369 |
Subordinated Debt Securities | 54,145,714 | 64,911,070 |
Liquidity risk | More than 5 Years | ||
Assets | ||
Debt Securities measured at Fair Value through Profit or Loss | 0 | 0 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | 0 |
Other Financial Assets | 6,907,439 | 0 |
Loans and Other Financing | 130,918,430 | 72,794,906 |
Other Debt Securities | 0 | 0 |
Financial Assets Pledged as Collateral | 0 | 0 |
Investments in Equity Instruments | 0 | 0 |
Liabilities | ||
Deposits | 18 | 43 |
Liabilities measured at Fair Value trough Profti or Loss | 0 | 0 |
Derivative Financial Instruments | 0 | 0 |
Repurchase Transactions | 0 | |
Other Financial Liabilities | 917,819 | 9,802 |
Lease Liabilities | 1,725,391 | 1,188,196 |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 0 | 0 |
Debt Securities | 0 | 0 |
Subordinated Debt Securities | $ 0 | $ 0 |
Capital Management and Risk _11
Capital Management and Risk Policies - Schedule of Credit Quality of Debt Securities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | $ 742,444 | |
BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 21 | |
Government Bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Government Bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 77,887 | |
Provincial Bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 700,578 | |
Provincial Bonds | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Provincial Bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Autonomous City of Buenos Aires Bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Treasury Bills | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 55,580,913 | |
Treasury Bills | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Argentine Central Bank’s Bills | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,563,265 | |
Foreign government bonds | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,563,265 | |
Foreign government bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Foreign government bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Private Securities | BBB | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 41,866 | |
Private Securities | BBB.ar | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 21 | |
Private Securities | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Private Securities | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Private Securities | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 792,270,323 | $ 459,588,993 |
Credit risk [member] | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,685,227 | 96,052,576 |
Credit risk [member] | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 39,560 | 1,700,423 |
Credit risk [member] | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 463,674 | 93,244 |
Credit risk [member] | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 121,920 | 3,161 |
Credit risk [member] | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 8,021 | 16,820 |
Credit risk [member] | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 27,708 | 75,886 |
Credit risk [member] | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,461,470 | |
Credit risk [member] | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 82,173 | 715,736 |
Credit risk [member] | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 363,054 | 479,127 |
Credit risk [member] | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 40,443 | 76,156 |
Credit risk [member] | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,227,222 | |
Credit risk [member] | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 184,726 | |
Credit risk [member] | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 66,923 | |
Credit risk [member] | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 255,500 | 279,082 |
Credit risk [member] | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,425,757 | 132,512 |
Credit risk [member] | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 43,745 | 3,647 |
Credit risk [member] | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,250,269 | |
Credit risk [member] | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 65,793,355 | 49,705 |
Credit risk [member] | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 720,177,721 | 353,720,308 |
Credit risk [member] | Government Bonds | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 10,212,442 | 18,858,734 |
Credit risk [member] | Government Bonds | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 18,798,087 |
Credit risk [member] | Government Bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 10,942 |
Credit risk [member] | Government Bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Government Bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 10,212,442 | 49,705 |
Credit risk [member] | Government Bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,459,722 | 3,365,652 |
Credit risk [member] | Provincial Bonds | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 476,567 |
Credit risk [member] | Provincial Bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,227,222 | |
Credit risk [member] | Provincial Bonds | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 255,500 | 279,082 |
Credit risk [member] | Provincial Bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,425,757 | 132,512 |
Credit risk [member] | Provincial Bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,250,269 | |
Credit risk [member] | Provincial Bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Provincial Bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 39,560 | 2,754,107 |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 72 |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 39,560 | 102,938 |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,466,371 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 184,726 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Autonomous City of Buenos Aires Bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 55,580,913 | 76,127,388 |
Credit risk [member] | Treasury Bills | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 76,066,303 |
Credit risk [member] | Treasury Bills | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 61,085 |
Credit risk [member] | Treasury Bills | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Treasury Bills | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 720,162,015 | 353,680,977 |
Credit risk [member] | Argentine Central Bank’s Bills | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Argentine Central Bank’s Bills | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 720,162,015 | 353,680,977 |
Credit risk [member] | Foreign government bonds | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Foreign government bonds | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,252,406 | 4,802,135 |
Credit risk [member] | Private Securities | AAA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 121,962 | 1,188,114 |
Credit risk [member] | Private Securities | AA+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | 1,597,485 |
Credit risk [member] | Private Securities | AA | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 385,787 | 21,217 |
Credit risk [member] | Private Securities | AA- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 121,920 | 3,161 |
Credit risk [member] | Private Securities | A+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 8,021 | 16,820 |
Credit risk [member] | Private Securities | A1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 27,708 | 75,886 |
Credit risk [member] | Private Securities | A1+ | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 995,099 | |
Credit risk [member] | Private Securities | A | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 82,173 | 715,736 |
Credit risk [member] | Private Securities | A2 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 363,054 | 2,560 |
Credit risk [member] | Private Securities | A- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 40,443 | 76,156 |
Credit risk [member] | Private Securities | A3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | Baa1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | Baa3 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 66,923 | |
Credit risk [member] | Private Securities | B1 | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | B | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | BB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 43,745 | 3,647 |
Credit risk [member] | Private Securities | BBB- | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | CCC | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 0 | |
Credit risk [member] | Private Securities | C | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | $ 15,706 | $ 39,331 |
Capital Management and Risk _12
Capital Management and Risk Policies - Summary of Scenario Probabilities (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
Retail, Retail like and Wholesale | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Base | 70% |
Optimistic | 15% |
Pessimistic | 15% |
Naranja | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Base | 70% |
Optimistic | 15% |
Pessimistic | 15% |
Capital Management and Risk _13
Capital Management and Risk Policies - Summary of key macroeconomic variables (Detail) | 12 Months Ended |
Dec. 31, 2022 | |
QI - 2023 | Base | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 0.50% |
Unemployment Rate | (12.70%) |
Real Salary | 4.80% |
Badlar rate | (40.30%) |
Consumer Price Index (CPI) | (52.90%) |
QI - 2023 | Optimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | (0.50%) |
Unemployment Rate | (10.50%) |
Real Salary | 2.70% |
Badlar rate | (37.50%) |
Consumer Price Index (CPI) | (51.40%) |
QI - 2023 | Pessimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 1.60% |
Unemployment Rate | (17.90%) |
Real Salary | 6.80% |
Badlar rate | (45.80%) |
Consumer Price Index (CPI) | (55.20%) |
QII - 2023 | Base | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 2.30% |
Unemployment Rate | (14.70%) |
Real Salary | 7.10% |
Badlar rate | (27.40%) |
Consumer Price Index (CPI) | (54.10%) |
QII - 2023 | Optimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 0.30% |
Unemployment Rate | (12.60%) |
Real Salary | 3% |
Badlar rate | (20.40%) |
Consumer Price Index (CPI) | (51.30%) |
QII - 2023 | Pessimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 4.40% |
Unemployment Rate | (19.70%) |
Real Salary | 10.40% |
Badlar rate | (40.20%) |
Consumer Price Index (CPI) | (58.40%) |
QIII - 2023 | Base | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 4.70% |
Unemployment Rate | (12.80%) |
Real Salary | 2.20% |
Badlar rate | 2.50% |
Consumer Price Index (CPI) | (52.60%) |
QIII - 2023 | Optimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 1.60% |
Unemployment Rate | (10.60%) |
Real Salary | (3.00%) |
Badlar rate | 18.10% |
Consumer Price Index (CPI) | (48.50%) |
QIII - 2023 | Pessimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 8% |
Unemployment Rate | (17.80%) |
Real Salary | 5.70% |
Badlar rate | (22.90%) |
Consumer Price Index (CPI) | (59.00%) |
QIV - 2023 | Base | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 2.20% |
Unemployment Rate | (9.80%) |
Real Salary | 4.90% |
Badlar rate | 9.10% |
Consumer Price Index (CPI) | (51.60%) |
QIV - 2023 | Optimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | (1.80%) |
Unemployment Rate | (7.40%) |
Real Salary | (2.30%) |
Badlar rate | 32.90% |
Consumer Price Index (CPI) | (46.00%) |
QIV - 2023 | Pessimistic | |
Disclosure of Credit Quality of Debt Securities [line items] | |
GDP | 6.50% |
Unemployment Rate | (15.30%) |
Real Salary | 10.30% |
Badlar rate | (24.90%) |
Consumer Price Index (CPI) | (60.00%) |
Capital Management and Risk _14
Capital Management and Risk Policies Summary of Sensitivity Analysis to Assess Impact of Volatility on Macroeconomic Variables on Expected Credit Losses (Detail) $ in Thousands, $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 USD ($) | Dec. 31, 2022 ARS ($) | Dec. 31, 2021 | |
Grupo Financiero Galicia ECL | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Base scenario amount | $ 69,963,024 | ||
Sensitivity analysis amount | 73,414,144 | ||
Retail, Retail like and Wholesale | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Base scenario amount | 53,494,466 | ||
Sensitivity analysis amount | 54,423,670 | ||
Naranja ECL | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Base scenario amount | 16,468,558 | ||
Sensitivity analysis amount | $ 18,990,474 | ||
Regular scenario | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Base scenario | 70% | 70% | |
Sensitivity | 45% | 45% | |
Macroeconomic scenario probability | 70% | ||
GDP | 1% | 1% | |
Unemployment Rate | 10% | 10% | |
Real Salary | (5.00%) | (5.00%) | |
Badlar | 5% | 5% | |
Consumer Price Index (CPI) | 2% | 2% | |
Positive scenario | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Base scenario | 15% | 15% | |
Sensitivity | 10% | 10% | |
Macroeconomic scenario probability | 15% | 15% | |
GDP | 5% | 5% | |
Unemployment Rate | 10% | 10% | |
Real Salary | (5.00%) | (5.00%) | |
Badlar | 2% | 2% | |
Consumer Price Index (CPI) | 2% | 2% | |
Positive scenario | Grupo Financiero Galicia ECL | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Effect of Change in forecast amount | $ 76,673,078 | ||
Positive scenario | Retail, Retail like and Wholesale | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Effect of Change in forecast amount | 57,682,604 | ||
Positive scenario | Naranja ECL | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Effect of Change in forecast amount | $ 18,990,474 | ||
Negative scenario | |||
Disclosure of maturity analysis for derivative financial liabilities [line items] | |||
Base scenario | 15% | 15% | |
Sensitivity | 45% | 45% | |
Macroeconomic scenario probability | 15% | ||
GDP | 1% | 1% | |
Unemployment Rate | 10% | 10% | |
Real Salary | (5.00%) | (5.00%) | |
Badlar | 5% | 5% | |
Consumer Price Index (CPI) | 2% | 2% |
Capital Management and Risk _15
Capital Management and Risk Policies - Summary of Maximum Exposure to Credit Risk on Assests (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Retail Portfolio | Gross Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | $ 425,792,285 | $ 480,439,730 | $ 512,691,492 | |
Retail Portfolio | Gross Carrying amount | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 389,429,872 | 433,722,384 | 479,431,987 | |
Retail Portfolio | Gross Carrying amount | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 11,494,437 | 11,861,749 | 11,915,088 | |
Retail Portfolio | Gross Carrying amount | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 4,057,789 | 4,344,289 | 3,076,452 | |
Retail Portfolio | Gross Carrying amount | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 4,537,430 | 3,027,636 | 1,929,130 | |
Retail Portfolio | Gross Carrying amount | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 16,272,757 | 27,483,672 | 16,338,835 | |
Retail Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 345,057,548 | 325,381,583 | ||
Retail Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 338,150,700 | 320,364,389 | ||
Retail Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,906,848 | 5,017,194 | ||
Retail Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 59,478,106 | 118,320,003 | ||
Retail Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 48,504,317 | 107,481,301 | ||
Retail Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,991,341 | 5,631,652 | ||
Retail Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,574,414 | 3,453,046 | ||
Retail Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,408,034 | 1,754,004 | ||
Retail Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 21,256,631 | 36,738,144 | ||
Retail Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,774,855 | 5,876,694 | ||
Retail Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 596,248 | 1,212,903 | ||
Retail Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 483,375 | 891,243 | ||
Retail Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,129,396 | 1,273,632 | ||
Retail Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 16,272,757 | 27,483,672 | ||
Retail Portfolio | Net Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 383,879,311 | 419,619,318 | 443,665,727 | |
Loss allowance | (41,912,974) | (60,820,412) | (69,025,765) | |
Retail Portfolio | Net Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 331,257,583 | 313,995,641 | ||
Loss allowance | (13,799,965) | (11,385,942) | ||
Retail Portfolio | Net Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 49,028,831 | 98,807,414 | ||
Loss allowance | (10,449,275) | (19,512,589) | ||
Retail Portfolio | Net Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,592,897 | 6,816,263 | ||
Loss allowance | (17,663,734) | (29,921,881) | ||
Retail like Portfolio | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 8,072,703 | 8,236,841 | 13,295,225 | $ 12,064,685 |
Retail like Portfolio | Stage 1 | 12-month ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 4,460,088 | 502,138 | 1,644,197 | 1,412,677 |
Retail like Portfolio | Stage 2 | Lifetime ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 853,819 | 2,651,733 | 6,265,275 | 586,483 |
Retail like Portfolio | Stage 3 | Lifetime ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 2,758,796 | 5,082,970 | 5,385,753 | 10,065,525 |
Retail like Portfolio | Gross Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 308,734,932 | 341,603,166 | 356,107,882 | |
Retail like Portfolio | Gross Carrying amount | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 300,015,728 | 332,411,365 | 346,717,647 | |
Retail like Portfolio | Gross Carrying amount | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 4,352,549 | 3,582,700 | 5,083,637 | |
Retail like Portfolio | Gross Carrying amount | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,163,779 | 754,843 | 636,424 | |
Retail like Portfolio | Gross Carrying amount | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 633,270 | 515,614 | 179,077 | |
Retail like Portfolio | Gross Carrying amount | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,569,606 | 4,338,644 | 3,491,097 | |
Retail like Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 288,484,385 | 301,237,408 | ||
Retail like Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 285,232,375 | 299,083,771 | ||
Retail like Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,252,010 | 2,153,637 | ||
Retail like Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail like Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail like Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail like Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 15,853,245 | 33,113,283 | ||
Retail like Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 13,791,961 | 31,221,936 | ||
Retail like Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 765,050 | 1,026,827 | ||
Retail like Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 984,980 | 591,067 | ||
Retail like Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 311,254 | 273,453 | ||
Retail like Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Retail like Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 4,397,302 | 7,252,475 | ||
Retail like Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 991,392 | 2,105,658 | ||
Retail like Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 335,489 | 402,236 | ||
Retail like Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 178,799 | 163,776 | ||
Retail like Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 322,016 | 242,161 | ||
Retail like Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,569,606 | 4,338,644 | ||
Retail like Portfolio | Net Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 300,662,229 | 333,366,325 | 342,812,657 | |
Loss allowance | (8,072,703) | (8,236,841) | (13,295,225) | |
Retail like Portfolio | Net Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 284,024,297 | 300,735,270 | ||
Loss allowance | (4,460,088) | (502,138) | ||
Retail like Portfolio | Net Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 14,999,426 | 30,461,550 | ||
Loss allowance | (853,819) | (2,651,733) | ||
Retail like Portfolio | Net Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,638,506 | 2,169,505 | ||
Loss allowance | (2,758,796) | (5,082,970) | ||
Wholesale Portfolio | Gross Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 910,274,538 | 1,002,801,931 | 817,671,439 | |
Wholesale Portfolio | Gross Carrying amount | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 406,853 | 1,422,154 | 2,340,836 | |
Wholesale Portfolio | Gross Carrying amount | A | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 908,906,926 | 1,000,961,837 | 812,383,746 | |
Wholesale Portfolio | Gross Carrying amount | B1 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 960,759 | 417,940 | 2,946,857 | |
Wholesale Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 903,893,469 | 967,578,509 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | A | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 903,893,469 | 967,578,509 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 1 | 12-month ECL | B1 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 5,974,216 | 33,801,268 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | Default | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | |||
Wholesale Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | |||
Wholesale Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | A | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 5,013,457 | 33,383,328 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 2 | Lifetime ECL | B1 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 960,759 | 417,940 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 406,853 | 1,422,154 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 406,853 | 1,422,154 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | A | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Wholesale Portfolio | Gross Carrying amount | Stage 3 | Lifetime ECL | B1 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Wholesale Portfolio | Net Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 906,765,749 | 997,903,272 | 808,293,187 | |
Loss allowance | (3,508,789) | (4,898,659) | (9,378,252) | |
Wholesale Portfolio | Net Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 901,082,315 | 964,724,419 | ||
Loss allowance | (2,811,154) | (2,854,090) | ||
Wholesale Portfolio | Net Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 5,547,729 | 33,178,070 | ||
Loss allowance | (426,487) | (623,198) | ||
Wholesale Portfolio | Net Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 135,705 | 783 | ||
Loss allowance | (271,148) | (1,421,371) | ||
Naranja ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 16,468,558 | 18,763,655 | 18,068,601 | 29,673,977 |
Naranja ECL | Stage 1 | 12-month ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 7,874,190 | 11,059,883 | 10,901,355 | 8,099,136 |
Naranja ECL | Stage 2 | Lifetime ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 3,297,262 | 2,449,329 | 1,732,257 | 2,818,599 |
Naranja ECL | Stage 3 | Lifetime ECL | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 5,297,106 | 5,254,443 | 5,434,989 | $ 18,756,242 |
Naranja ECL | Gross Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 343,673,202 | 360,555,380 | 276,526,164 | |
Naranja ECL | Gross Carrying amount | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 306,190,124 | 329,892,757 | 256,552,154 | |
Naranja ECL | Gross Carrying amount | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 19,440,889 | 15,737,905 | 10,332,004 | |
Naranja ECL | Gross Carrying amount | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,827,555 | 4,724,469 | 2,648,967 | |
Naranja ECL | Gross Carrying amount | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,934,277 | 2,473,086 | 1,186,546 | |
Naranja ECL | Gross Carrying amount | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 8,280,357 | 7,727,163 | 5,806,493 | |
Naranja ECL | Gross Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 322,206,755 | 340,540,087 | ||
Naranja ECL | Gross Carrying amount | Stage 1 | 12-month ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 303,711,671 | 325,828,310 | ||
Naranja ECL | Gross Carrying amount | Stage 1 | 12-month ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 18,495,084 | 14,711,777 | ||
Naranja ECL | Gross Carrying amount | Stage 1 | 12-month ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Naranja ECL | Gross Carrying amount | Stage 1 | 12-month ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Naranja ECL | Gross Carrying amount | Stage 1 | 12-month ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Naranja ECL | Gross Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 12,305,463 | 11,384,395 | ||
Naranja ECL | Gross Carrying amount | Stage 2 | Lifetime ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,995,712 | 3,505,494 | ||
Naranja ECL | Gross Carrying amount | Stage 2 | Lifetime ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 806,646 | 863,047 | ||
Naranja ECL | Gross Carrying amount | Stage 2 | Lifetime ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,682,840 | 4,626,519 | ||
Naranja ECL | Gross Carrying amount | Stage 2 | Lifetime ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,820,265 | 2,389,335 | ||
Naranja ECL | Gross Carrying amount | Stage 2 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 0 | 0 | ||
Naranja ECL | Gross Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 9,160,984 | 8,630,898 | ||
Naranja ECL | Gross Carrying amount | Stage 3 | Lifetime ECL | 0 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 482,741 | 558,953 | ||
Naranja ECL | Gross Carrying amount | Stage 3 | Lifetime ECL | Less than 1 Month | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 139,159 | 163,081 | ||
Naranja ECL | Gross Carrying amount | Stage 3 | Lifetime ECL | 31-60 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 144,715 | 97,950 | ||
Naranja ECL | Gross Carrying amount | Stage 3 | Lifetime ECL | 61-90 | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 114,012 | 83,751 | ||
Naranja ECL | Gross Carrying amount | Stage 3 | Lifetime ECL | Default | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 8,280,357 | 7,727,163 | ||
Naranja ECL | Net Carrying amount | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 327,204,644 | 341,791,725 | 258,457,563 | |
Loss allowance | (16,468,558) | (18,763,655) | $ (18,068,601) | |
Naranja ECL | Net Carrying amount | Stage 1 | 12-month ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 314,332,565 | 329,480,204 | ||
Loss allowance | (7,874,190) | (11,059,883) | ||
Naranja ECL | Net Carrying amount | Stage 2 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 9,008,201 | 8,935,066 | ||
Loss allowance | (3,297,262) | (2,449,329) | ||
Naranja ECL | Net Carrying amount | Stage 3 | Lifetime ECL | ECL Staging | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,863,878 | 3,376,455 | ||
Loss allowance | $ (5,297,106) | $ (5,254,443) |
Capital Management and Risk _16
Capital Management and Risk Policies - Summary of Information On Balance Sheet Items And Their Collateral In Offsets As Well As Loan And Other Credit - Related Commitments (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 ARS ($) | |
Carrying Amount | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Advances | $ 66,463,313 |
Documents | 310,595,276 |
Mortgage Loans | 19,400,825 |
Pledge Loans | 25,613,225 |
Personal Loans | 113,819,719 |
Credit Card Loans | 650,493,992 |
Financial Leases | 3,478,221 |
Others | 798,610,386 |
Total as of December 31, 2022 | 1,988,474,957 |
Loss Allowances | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Advances | (1,396,467) |
Documents | (1,004,755) |
Mortgage Loans | (4,050,793) |
Pledge Loans | (201,195) |
Personal Loans | (14,698,456) |
Credit Card Loans | (30,802,855) |
Financial Leases | (29,020) |
Others | (17,779,483) |
Total as of December 31, 2022 | (69,963,024) |
Net Gross Carrying Amount | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Advances | 65,066,846 |
Documents | 309,590,521 |
Mortgage Loans | 15,350,032 |
Pledge Loans | 25,412,030 |
Personal Loans | 99,121,263 |
Credit Card Loans | 619,691,137 |
Financial Leases | 3,449,201 |
Others | 780,830,903 |
Total as of December 31, 2022 | 1,918,511,933 |
Collateral´s Fair Value | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Advances | 0 |
Documents | 0 |
Mortgage Loans | 296,771,586 |
Pledge Loans | 135,790,974 |
Personal Loans | 0 |
Credit Card Loans | 0 |
Financial Leases | 0 |
Others | 222,172,002 |
Total as of December 31, 2022 | $ 654,734,562 |
Capital Management and Risk _17
Capital Management and Risk Policies - Summary of Mortgage Portfolio LTV Distribution (Detail) $ in Thousands | Dec. 31, 2022 ARS ($) |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | $ 63,791 |
Lower than 50% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | 43,745 |
50 to 60% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | 12,632 |
60 to 70% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | 4,474 |
70 to 80% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | 1,393 |
80 to 90% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | 731 |
90 to 100% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | 400 |
Higher than 100% | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | $ 416 |
Capital Management and Risk _18
Capital Management and Risk Policies - Summary of Changes in Loss Allowance Between Beginning and End of Annual Period (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | $ 60,820,412 | $ 69,025,764 | $ 42,042,680 |
Inflation effect | (31,086,290) | (26,104,102) | (17,846,202) |
New Financial Assets Originated or Purchased | 192,287,354 | 146,135,399 | |
Foreign exchange and other movements | (66,105,154) | (49,600,192) | |
Loss allowance, Ending Balance | 41,912,974 | 60,820,412 | 69,025,764 |
Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 8,236,841 | 13,295,225 | 12,064,685 |
Inflation effect | (4,835,769) | (4,314,452) | (3,991,676) |
New Financial Assets Originated or Purchased | 237,514,754 | 240,850,832 | |
Foreign exchange and other movements | (6,642,274) | 2,883,989 | |
Loss allowance, Ending Balance | 8,072,703 | 8,236,841 | 13,295,225 |
Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 4,898,659 | 9,378,252 | 20,865,843 |
Inflation effect | (2,176,572) | (2,791,332) | (4,532,756) |
New Financial Assets Originated or Purchased | 817,368,443 | 697,938,995 | |
Foreign exchange and other movements | (45,189,319) | (166,450,809) | |
Loss allowance, Ending Balance | 3,508,789 | 4,898,659 | 9,378,252 |
Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 18,763,655 | 18,068,601 | 29,673,977 |
Inflation effect | (11,798,562) | (6,943,316) | (9,003,426) |
New Financial Assets Originated or Purchased | 169,061,593 | 187,319,385 | |
Foreign exchange and other movements | 0 | 0 | |
Loss allowance, Ending Balance | 16,468,558 | 18,763,655 | 18,068,601 |
12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 11,385,942 | 14,566,640 | 16,212,557 |
Inflation effect | (7,076,542) | (5,131,753) | (5,714,689) |
New Financial Assets Originated or Purchased | 152,427,910 | 90,812,821 | |
Foreign exchange and other movements | (60,514,540) | (46,033,242) | |
Loss allowance, Ending Balance | 13,799,965 | 11,385,942 | 14,566,640 |
12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 502,138 | 1,644,197 | 1,412,677 |
Inflation effect | (1,309,196) | (397,806) | (472,580) |
New Financial Assets Originated or Purchased | 227,094,096 | 227,280,279 | |
Foreign exchange and other movements | (5,326,574) | 3,907,078 | |
Loss allowance, Ending Balance | 4,460,088 | 502,138 | 1,644,197 |
12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 2,854,090 | 5,762,039 | 1,996,426 |
Inflation effect | (1,384,307) | (1,621,545) | 88,356 |
New Financial Assets Originated or Purchased | 814,445,099 | 681,349,422 | |
Foreign exchange and other movements | (44,688,624) | (174,843,635) | |
Loss allowance, Ending Balance | 2,811,154 | 2,854,090 | 5,762,039 |
12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 11,059,883 | 10,901,355 | 8,099,136 |
Inflation effect | (6,283,934) | (4,150,042) | (2,829,398) |
New Financial Assets Originated or Purchased | 158,209,583 | 175,208,793 | |
Foreign exchange and other movements | 0 | 0 | |
Loss allowance, Ending Balance | 7,874,190 | 11,059,883 | 10,901,355 |
Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 19,512,589 | 37,129,499 | 7,511,120 |
Inflation effect | (9,365,996) | (11,610,961) | (5,590,035) |
New Financial Assets Originated or Purchased | 30,522,084 | 37,371,767 | |
Foreign exchange and other movements | (5,932,842) | (7,472,736) | |
Loss allowance, Ending Balance | 10,449,275 | 19,512,589 | 37,129,499 |
Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 2,651,733 | 6,265,275 | 586,483 |
Inflation effect | (1,144,910) | (1,816,419) | (527,464) |
New Financial Assets Originated or Purchased | 7,952,659 | 8,808,873 | |
Foreign exchange and other movements | (946,955) | (1,664,434) | |
Loss allowance, Ending Balance | 853,819 | 2,651,733 | 6,265,275 |
Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 623,198 | 1,832,073 | 885,647 |
Inflation effect | (322,304) | (663,489) | (38,504) |
New Financial Assets Originated or Purchased | 2,747,286 | 16,588,494 | |
Foreign exchange and other movements | 2,324 | 8,319,342 | |
Loss allowance, Ending Balance | 426,487 | 623,198 | 1,832,073 |
Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 2,449,329 | 1,732,257 | 2,818,599 |
Inflation effect | (1,993,355) | (818,358) | (856,196) |
New Financial Assets Originated or Purchased | 7,265,549 | 7,685,532 | |
Foreign exchange and other movements | 0 | 0 | |
Loss allowance, Ending Balance | 3,297,262 | 2,449,329 | 1,732,257 |
Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 29,921,881 | 17,329,625 | 18,319,003 |
Inflation effect | (14,643,752) | (9,361,388) | (6,541,478) |
New Financial Assets Originated or Purchased | 9,337,360 | 17,950,811 | |
Foreign exchange and other movements | 342,228 | 3,905,786 | |
Loss allowance, Ending Balance | 17,663,734 | 29,921,881 | 17,329,625 |
Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 5,082,970 | 5,385,753 | 10,065,525 |
Inflation effect | (2,381,663) | (2,100,227) | (2,991,632) |
New Financial Assets Originated or Purchased | 2,467,999 | 4,761,680 | |
Foreign exchange and other movements | (368,745) | 641,345 | |
Loss allowance, Ending Balance | 2,758,796 | 5,082,970 | 5,385,753 |
Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 1,421,371 | 1,784,140 | 17,983,770 |
Inflation effect | (469,961) | (506,298) | (4,582,608) |
New Financial Assets Originated or Purchased | 176,058 | 1,079 | |
Foreign exchange and other movements | (503,019) | 73,484 | |
Loss allowance, Ending Balance | 271,148 | 1,421,371 | 1,784,140 |
Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Loss Allowance, Beginning Balance | 5,254,443 | 5,434,989 | 18,756,242 |
Inflation effect | (3,521,273) | (1,974,916) | (5,317,832) |
New Financial Assets Originated or Purchased | 3,586,461 | 4,425,060 | |
Foreign exchange and other movements | 0 | 0 | |
Loss allowance, Ending Balance | 5,297,106 | 5,254,443 | 5,434,989 |
Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 28,702,182 | 26,147,681 | 12,464,454 |
Changes in PDs/LGDs/EADs | 580,142 | 44,062 | 48,261,012 |
Foreign exchange and other movements | (4,510,054) | (996,938) | (785,087) |
Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 7,496,603 | 4,448,149 | 5,686,876 |
Changes in PDs/LGDs/EADs | 858,762 | (1,350,844) | 3,717,046 |
Foreign exchange and other movements | (1,949,209) | (1,286,130) | 4,593,781 |
Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 3,706,789 | 2,365,706 | 2,238,892 |
Changes in PDs/LGDs/EADs | (35,221) | 405,367 | 9,272,683 |
Foreign exchange and other movements | 140,793 | (2,381,791) | 490,411 |
Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 14,379,205 | 15,436,851 | 10,095,583 |
Changes in PDs/LGDs/EADs | (2,244,246) | (2,848,299) | 1,958,550 |
Foreign exchange and other movements | 2,513,285 | (280,818) | 0 |
Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 10,808,982 | 3,617,411 | 4,075,738 |
Changes in PDs/LGDs/EADs | 911,533 | 660,892 | 7,087,517 |
Foreign exchange and other movements | (2,037,565) | (1,757,911) | (3,960,745) |
Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 4,818,218 | 328,643 | 1,408,460 |
Changes in PDs/LGDs/EADs | 708,124 | (503,959) | (3,309,974) |
Foreign exchange and other movements | (125,987) | (3,623) | 3,393,691 |
Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 3,169,125 | 1,951,943 | 1,779,765 |
Changes in PDs/LGDs/EADs | (2,978) | 468,363 | 5,396,825 |
Foreign exchange and other movements | (62,244) | (3,008,409) | 319,447 |
Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 3,808,598 | 6,959,111 | 8,587,755 |
Changes in PDs/LGDs/EADs | (1,687,752) | (1,976,128) | 855,643 |
Foreign exchange and other movements | 1,893,302 | (165,286) | 0 |
Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 8,178,683 | 4,643,702 | 2,294,331 |
Changes in PDs/LGDs/EADs | 1,114,440 | 1,666,662 | 33,062,541 |
Foreign exchange and other movements | (4,006,227) | (10,275,159) | 1,557,157 |
Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 634,751 | 98,061 | 458,350 |
Changes in PDs/LGDs/EADs | 175,892 | (341,225) | 5,077,553 |
Foreign exchange and other movements | (1,343,062) | (1,368,845) | 1,257,930 |
Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 389,542 | 413,186 | 312,415 |
Changes in PDs/LGDs/EADs | (32,146) | 25,084 | 1,214,580 |
Foreign exchange and other movements | 63,572 | (50,360) | 218,270 |
Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 4,107,568 | 2,782,950 | 729,179 |
Changes in PDs/LGDs/EADs | (171,569) | (275,449) | 241,941 |
Foreign exchange and other movements | (231,845) | (36,732) | 0 |
Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 9,714,517 | 17,886,568 | 6,094,385 |
Changes in PDs/LGDs/EADs | (1,445,831) | (2,283,492) | 8,110,954 |
Foreign exchange and other movements | 1,533,738 | 11,036,132 | 1,618,501 |
Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 2,043,634 | 4,021,445 | 3,820,066 |
Changes in PDs/LGDs/EADs | (25,254) | (505,660) | 1,949,467 |
Foreign exchange and other movements | (480,160) | 86,338 | (57,840) |
Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 148,122 | 577 | 146,712 |
Changes in PDs/LGDs/EADs | (97) | (88,080) | 2,661,278 |
Foreign exchange and other movements | 139,465 | 676,978 | (47,306) |
Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
New Financial Assets Originated or Purchased | 6,463,039 | 5,694,790 | 778,649 |
Changes in PDs/LGDs/EADs | (384,925) | (596,722) | 860,966 |
Foreign exchange and other movements | 851,828 | (78,800) | 0 |
Other movements with no P&L impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (12,593,418) | (7,296,055) | (15,111,093) |
Other movements with no P&L impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (1,734,525) | (2,555,107) | (8,775,487) |
Other movements with no P&L impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (3,025,659) | (2,077,543) | (18,956,821) |
Other movements with no P&L impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (5,144,779) | (4,669,364) | (14,656,083) |
Other movements with no P&L impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (1,640,871) | (1,084,079) | (3,045,009) |
Other movements with no P&L impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (198,350) | (691,907) | (707,434) |
Other movements with no P&L impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (1,821,562) | (929,033) | (3,656,907) |
Other movements with no P&L impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (596,902) | (849,376) | (4,001,196) |
Other movements with no P&L impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (4,226,691) | (1,443,871) | (2,105,401) |
Other movements with no P&L impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (119,910) | (175,070) | (794,400) |
Other movements with no P&L impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (235,576) | (101,834) | (871,994) |
Other movements with no P&L impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (702,777) | (489,950) | (486,147) |
Other movements with no P&L impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (6,725,856) | (4,768,105) | (9,960,683) |
Other movements with no P&L impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (1,416,265) | (1,688,130) | (7,273,653) |
Other movements with no P&L impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (968,521) | (1,046,676) | (14,427,920) |
Other movements with no P&L impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Write-offs and other movements | (3,845,100) | (3,330,038) | (10,168,740) |
Transfer from Stage 1 to Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 9,462,311 | 24,353,507 | |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 2,683,417 | 11,610,657 | |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 665,540 | 10,752,480 | |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 4,835,368 | 3,261,759 | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (9,462,311) | (24,353,507) | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (2,683,417) | (11,610,657) | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (665,540) | (10,752,480) | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (4,835,368) | (3,261,759) | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (386,558) | (1,000,522) | (1,465,659) |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (10,610) | (73,579) | (106,501) |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (2,353) | (41,528) | (177,575) |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (227,468) | (163,872) | (212,200) |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 386,558 | 1,000,522 | 1,465,659 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 10,610 | 73,579 | 106,501 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 2,353 | 41,528 | 177,575 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 227,468 | 163,872 | 212,200 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 3,278,979 | 7,160,779 | |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 306,706 | 601,556 | |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 255,703 | 0 | |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 4,490,879 | 3,799,780 | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (3,278,979) | (7,160,779) | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (306,706) | (601,556) | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (255,703) | 0 | |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (4,490,879) | (3,799,780) | |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (203,345) | (359,222) | (347,548) |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (2,675) | (22,615) | (10,003) |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (723) | 0 | (39) |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (272,750) | (262,684) | (428,479) |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 203,345 | 359,222 | 347,548 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 2,675 | 22,615 | 10,003 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 723 | 0 | 39 |
Transfer from Stage 1 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 272,750 | 262,684 | 428,479 |
Transfer from Stage 2 to Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (22,163,715) | (24,030,326) | |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (6,849,837) | (5,831,753) | |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (3,641,094) | (2,253,243) | |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (2,890,092) | (2,411,298) | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 22,163,715 | 24,030,326 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 6,849,837 | 5,831,753 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 3,641,094 | 2,253,243 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 2,890,092 | 2,411,298 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 1,144,510 | 1,404,210 | 1,139,386 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 45,464 | 88,736 | 86,330 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 62,106 | 272,260 | 15,741 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 160,125 | 433,524 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (1,144,510) | (1,404,210) | (1,139,386) |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (45,464) | (88,736) | (86,330) |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (62,106) | (272,260) | (15,741) |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (160,125) | (433,524) | (455,791) |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 455,791 |
Transfer from Stage 2 to Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 2,707,010 | 10,011,916 | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 280,745 | 840,461 | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 14,672 | 853,309 | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 1,002,079 | 689,135 | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (2,707,010) | (10,011,916) | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (280,745) | (840,461) | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (14,672) | (853,309) | |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (1,002,079) | (689,135) | |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 511,451 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (556,417) | (1,095,367) | (988,108) |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (12,252) | (86,393) | (25,863) |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (46) | (600,730) | (50,175) |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (242,841) | (196,496) | (511,451) |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 556,417 | 1,095,367 | 988,108 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 12,252 | 86,393 | 25,863 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 46 | 600,730 | 50,175 |
Transfer from Stage 2 to Stage 3 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 242,841 | 196,496 | 0 |
Transfer from Stage 3 to Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (1,171,318) | (645,141) | |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (46,340) | (192,707) | |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (492,246) | (488,500) | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 1,171,318 | 645,141 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 46,340 | 192,707 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 492,246 | 488,500 | |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 585,092 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | (50,469) |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 318,643 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 556,846 | 901,772 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 46,431 | 91,506 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 15,409 | 20,759 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (556,846) | (901,772) | (585,092) |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (46,431) | (91,506) | 50,469 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (15,409) | (20,759) | (318,643) |
Transfer from Stage 3 to Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (746,701) | (1,222,395) | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (66,910) | (140,495) | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (59,015) | (30,773) | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 746,701 | 1,222,395 | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 66,910 | 140,495 | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 59,015 | 30,773 | |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 893,879 | 470,276 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 32,962 | 134,051 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | 12-month ECL | Stage 1 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 21,088 | 333,281 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 1,061,621 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 212,515 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 2 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 39,923 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (893,879) | (470,276) | (1,061,621) |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Retail like Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | (32,962) | (134,051) | (212,515) |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Wholesale Portfolio | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | 0 | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Movements with P&L Impact | Lifetime ECL | Stage 3 | Naranja ECL | |||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | |||
Transfers | $ (21,088) | $ (333,281) | $ (39,923) |
Capital Management and Risk _19
Capital Management and Risk Policies - Schedule of Changes in Gross Carrying Amount of Specific Segment Portfolio (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | $ 480,439,730 | $ 512,691,492 |
Financial assets derecognized during the period other than write-offs | (80,215,533) | (56,124,087) |
New financial assets originated or purchased | 192,287,354 | 146,135,399 |
FX and other movements | 66,105,154 | 49,600,192 |
Inflation Effect | (232,824,420) | (171,863,266) |
Gross carrying amount, Ending Balance | 425,792,285 | 480,439,730 |
Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 341,603,166 | 356,107,883 |
Financial assets derecognized during the period other than write-offs | (110,789,202) | (132,287,904) |
New financial assets originated or purchased | 237,514,754 | 240,850,832 |
FX and other movements | 6,642,274 | (2,883,989) |
Inflation Effect | (166,236,060) | (120,183,656) |
Gross carrying amount, Ending Balance | 308,734,932 | 341,603,166 |
Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 1,002,801,931 | 829,976,631 |
Financial assets derecognized during the period other than write-offs | (649,496,165) | (492,225,224) |
New financial assets originated or purchased | 817,368,443 | 697,938,995 |
FX and other movements | 45,189,319 | 166,450,809 |
Inflation Effect | (305,588,990) | (199,339,280) |
Gross carrying amount, Ending Balance | 910,274,538 | 1,002,801,931 |
Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 360,555,380 | 276,526,164 |
Financial assets derecognized during the period other than write-offs | (10,484,900) | (9,964,727) |
New financial assets originated or purchased | 169,061,593 | 187,319,385 |
FX and other movements | 0 | 0 |
Inflation Effect | (175,458,871) | (93,325,442) |
Gross carrying amount, Ending Balance | 343,673,202 | 360,555,380 |
12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 325,381,583 | 343,769,409 |
Financial assets derecognized during the period other than write-offs | (46,492,531) | (33,541,699) |
New financial assets originated or purchased | 152,427,910 | 90,812,821 |
FX and other movements | 60,514,540 | 46,033,242 |
Inflation Effect | (157,367,697) | (114,853,371) |
Gross carrying amount, Ending Balance | 345,057,548 | 325,381,583 |
12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 301,237,408 | 310,987,242 |
Financial assets derecognized during the period other than write-offs | (102,487,078) | (121,979,493) |
New financial assets originated or purchased | 227,094,096 | 227,280,279 |
FX and other movements | 5,326,574 | (3,907,078) |
Inflation Effect | (146,592,669) | (104,955,789) |
Gross carrying amount, Ending Balance | 288,484,385 | 301,237,408 |
12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 967,578,509 | 787,770,121 |
Financial assets derecognized during the period other than write-offs | (637,090,574) | (482,790,522) |
New financial assets originated or purchased | 814,445,099 | 681,349,422 |
FX and other movements | 44,688,624 | 174,843,635 |
Inflation Effect | (288,448,040) | (185,094,910) |
Gross carrying amount, Ending Balance | 903,893,469 | 967,578,509 |
12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 340,540,087 | 262,330,753 |
Financial assets derecognized during the period other than write-offs | (4,880,277) | (4,303,118) |
New financial assets originated or purchased | 158,209,583 | 175,208,793 |
FX and other movements | 0 | 0 |
Inflation Effect | (165,718,729) | (88,534,600) |
Gross carrying amount, Ending Balance | 322,206,755 | 340,540,087 |
Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 118,320,003 | 147,722,731 |
Financial assets derecognized during the period other than write-offs | (23,056,454) | (15,925,615) |
New financial assets originated or purchased | 30,522,084 | 37,371,767 |
FX and other movements | 5,932,842 | 7,472,736 |
Inflation Effect | (57,578,656) | (49,855,276) |
Gross carrying amount, Ending Balance | 59,478,106 | 118,320,003 |
Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 33,113,283 | 38,096,531 |
Financial assets derecognized during the period other than write-offs | (5,665,314) | (7,678,208) |
New financial assets originated or purchased | 7,952,659 | 8,808,873 |
FX and other movements | 946,955 | 1,664,434 |
Inflation Effect | (16,114,083) | (12,857,285) |
Gross carrying amount, Ending Balance | 15,853,245 | 33,113,283 |
Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 33,801,268 | 39,865,673 |
Financial assets derecognized during the period other than write-offs | (11,132,908) | (8,525,129) |
New financial assets originated or purchased | 2,747,286 | 16,588,494 |
FX and other movements | (2,324) | (8,319,342) |
Inflation Effect | (16,448,880) | (13,454,356) |
Gross carrying amount, Ending Balance | 5,974,216 | 33,801,268 |
Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 11,384,395 | 7,220,399 |
Financial assets derecognized during the period other than write-offs | (1,806,648) | (1,276,805) |
New financial assets originated or purchased | 7,265,549 | 7,685,532 |
FX and other movements | 0 | 0 |
Inflation Effect | (5,540,045) | (2,436,830) |
Gross carrying amount, Ending Balance | 12,305,463 | 11,384,395 |
Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 36,738,144 | 21,199,352 |
Financial assets derecognized during the period other than write-offs | (10,666,548) | (6,656,773) |
New financial assets originated or purchased | 9,337,360 | 17,950,811 |
FX and other movements | (342,228) | (3,905,786) |
Inflation Effect | (17,878,067) | (7,154,619) |
Gross carrying amount, Ending Balance | 21,256,631 | 36,738,144 |
Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 7,252,475 | 7,024,110 |
Financial assets derecognized during the period other than write-offs | (2,636,810) | (2,630,203) |
New financial assets originated or purchased | 2,467,999 | 4,761,680 |
FX and other movements | 368,745 | (641,345) |
Inflation Effect | (3,529,308) | (2,370,582) |
Gross carrying amount, Ending Balance | 4,397,302 | 7,252,475 |
Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 1,422,154 | 2,340,837 |
Financial assets derecognized during the period other than write-offs | (1,272,683) | (909,573) |
New financial assets originated or purchased | 176,058 | 1,079 |
FX and other movements | 503,019 | (73,484) |
Inflation Effect | (692,070) | (790,014) |
Gross carrying amount, Ending Balance | 406,853 | 1,422,154 |
Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 8,630,898 | 6,975,012 |
Financial assets derecognized during the period other than write-offs | (3,797,975) | (4,384,804) |
New financial assets originated or purchased | 3,586,461 | 4,425,060 |
FX and other movements | 0 | 0 |
Inflation Effect | (4,200,097) | (2,354,012) |
Gross carrying amount, Ending Balance | 9,160,984 | 8,630,898 |
Transfer from Stage 1 to Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (9,462,311) | (24,353,507) |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (2,683,417) | (11,610,657) |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (665,540) | (10,752,480) |
Transfer from Stage 1 to Stage 2 | 12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (4,835,368) | (3,261,759) |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 9,462,311 | 24,353,507 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 2,683,417 | 11,610,657 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 665,540 | 10,752,480 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 4,835,368 | 3,261,759 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 2 | Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (3,278,979) | (7,160,779) |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (306,706) | (601,556) |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (255,703) | 0 |
Transfer from Stage 1 to Stage 3 | 12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (4,490,879) | (3,799,780) |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 3,278,979 | 7,160,779 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 306,706 | 601,556 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 255,703 | 0 |
Transfer from Stage 1 to Stage 3 | Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 4,490,879 | 3,799,780 |
Transfer from Stage 2 to Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 22,163,715 | 24,030,326 |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 6,849,837 | 5,831,753 |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 3,641,094 | 2,253,243 |
Transfer from Stage 2 to Stage 1 | 12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 2,890,092 | 2,411,298 |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (22,163,715) | (24,030,326) |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (6,849,837) | (5,831,753) |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (3,641,094) | (2,253,243) |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (2,890,092) | (2,411,298) |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 1 | Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | 12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (2,707,010) | (10,011,916) |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (280,745) | (840,461) |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (14,672) | (853,309) |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (1,002,079) | (689,135) |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 2,707,010 | 10,011,916 |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 280,745 | 840,461 |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 14,672 | 853,309 |
Transfer from Stage 2 to Stage 3 | Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 1,002,079 | 689,135 |
Transfer from Stage 3 to Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | 12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 746,701 | 1,222,395 |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 66,910 | 140,495 |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 59,015 | 30,773 |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (746,701) | (1,222,395) |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (66,910) | (140,495) |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 2 | Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (59,015) | (30,773) |
Transfer from Stage 3 to Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 1,171,318 | 645,141 |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 46,340 | 192,707 |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | 12-month ECL | Stage 1 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 492,246 | 488,500 |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 2 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Retail Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (1,171,318) | (645,141) |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Retail like Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (46,340) | (192,707) |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Wholesale Portfolio | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 0 | 0 |
Transfer from Stage 3 to Stage 1 | Lifetime ECL | Stage 3 | Naranja ECL | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | $ (492,246) | $ (488,500) |
Contingencies and Commitments -
Contingencies and Commitments - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||||||
Dec. 31, 2021 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2017 | Dec. 31, 2016 | Dec. 31, 2015 | Dec. 31, 2014 | Dec. 31, 2022 | |
Contingencies and Commitments [line Items] | ||||||||
Recovery of income tax paid | $ 629,837 | $ 4,403,712 | $ 3,646,382 | $ 866,842 | $ 944,338 | $ 459,319 | $ 433,815 | |
Taretja Cuyana | Two Thousand Fourteen And Two Thousand And Sixteen | ||||||||
Contingencies and Commitments [line Items] | ||||||||
Income tax claims nominal value receivable | $ 145,478 | |||||||
Tarjeta Naranja S.A.U. | Two Thousand Fourteen And Two Thousand And Sixteen | ||||||||
Contingencies and Commitments [line Items] | ||||||||
Income tax claims nominal value receivable | 580,164 | |||||||
Tarjeta Naranja S.A.U. | Repetition Of Income Tax For Two Thousand And Nineteen | ||||||||
Contingencies and Commitments [line Items] | ||||||||
Income tax claims nominal value receivable | 1,364,949 | |||||||
Tarjeta Naranja S.A.U. | Two Thousand and Fifteen | ||||||||
Contingencies and Commitments [line Items] | ||||||||
Income tax claims nominal value receivable | 149,763 | |||||||
Tarjeta Naranja S.A.U. | Two Thousand And Seventeen | ||||||||
Contingencies and Commitments [line Items] | ||||||||
Income tax claims nominal value receivable | 326,498 | |||||||
Tarjeta Naranja S.A.U. | Two Thousand And Eighteen | ||||||||
Contingencies and Commitments [line Items] | ||||||||
Income tax claims nominal value receivable | $ 973,843 |
Contingencies and Commitments_2
Contingencies and Commitments - Summary of Provisions for Contingencies (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of other provisions [line items] | ||
Total | $ 10,255,023 | $ 8,535,056 |
Other Contingencies | ||
Disclosure of other provisions [line items] | ||
Total | 7,346,416 | 7,874,793 |
For Commercial Lawsuits/Legal matters | ||
Disclosure of other provisions [line items] | ||
Total | 5,364,381 | 5,326,109 |
For Labor Lawsuits | ||
Disclosure of other provisions [line items] | ||
Total | 538,162 | 739,127 |
For Claims and Credit Cards | ||
Disclosure of other provisions [line items] | ||
Total | 200 | 390 |
For Guarantees Granted | ||
Disclosure of other provisions [line items] | ||
Total | 1,142 | 2,225 |
For Other Contingencies | ||
Disclosure of other provisions [line items] | ||
Total | 1,442,531 | 1,806,942 |
For Termination Benefits | ||
Disclosure of other provisions [line items] | ||
Total | 2,777,084 | 512,006 |
Difference for Dollarization of Judicial Deposits—Communication “A” 4686 | ||
Disclosure of other provisions [line items] | ||
Total | $ 131,523 | $ 148,257 |
Offsetting of Financial Asset_3
Offsetting of Financial Assets and Liabilities - Summary of Financial Instruments Subject to Offsetting, Master Netting Agreements and Similar Agreements (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | ||
Financial Instrument Assets, Offsetting effects on Statement Financial Position, Gross Amount | $ 1,070,298 | $ 208,098 |
Financial Instrument Assets, Offsetting effects on Statement Financial Position, Offset Amount | 0 | 0 |
Financial Instrument Assets, Net amounts in Statement Financial Position | 1,070,298 | 208,098 |
Financial Instrument Assets, Related amounts not offset, Subject to netting agreements | (1,033,708) | (194,641) |
Financial Instrument Assets, Total Net Amount | 36,590 | 13,457 |
Financial Instrument Liabilities, Offsetting effects on Statement Financial Position, Gross Amount | 1,133,943 | 249,179 |
Financial Instrument Liabilities, Offsetting effects on Statement Financial Position, Offset Amount | 0 | 0 |
Financial Instrument Liabilities, Net amounts in Statement Financial Position | 1,133,943 | 249,179 |
Financial Instrument Liabilities, Related amounts not offset, Subject to netting agreements | (1,033,708) | (194,641) |
Financial Instrument Liabilities, Total Net Amount | 100,235 | 54,538 |
Derivative Assets | ||
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | ||
Financial Instrument Assets, Offsetting effects on Statement Financial Position, Gross Amount | 1,070,298 | 208,098 |
Financial Instrument Assets, Offsetting effects on Statement Financial Position, Offset Amount | 0 | 0 |
Financial Instrument Assets, Net amounts in Statement Financial Position | 1,070,298 | 208,098 |
Financial Instrument Assets, Related amounts not offset, Subject to netting agreements | (1,033,708) | (194,641) |
Financial Instrument Assets, Total Net Amount | 36,590 | 13,457 |
Derivative Financial Instruments | ||
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | ||
Financial Instrument Liabilities, Offsetting effects on Statement Financial Position, Gross Amount | 1,133,943 | 249,179 |
Financial Instrument Liabilities, Offsetting effects on Statement Financial Position, Offset Amount | 0 | 0 |
Financial Instrument Liabilities, Net amounts in Statement Financial Position | 1,133,943 | 249,179 |
Financial Instrument Liabilities, Related amounts not offset, Subject to netting agreements | (1,033,708) | (194,641) |
Financial Instrument Liabilities, Total Net Amount | $ 100,235 | $ 54,538 |
Off-balance Sheet Items - Sched
Off-balance Sheet Items - Schedule of Credit Exposure (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of credit risk exposure [abstract] | ||
Agreed Credits | $ 104,414,369 | $ 105,928,657 |
Documentary Export and Import Credits | 3,926,770 | 11,583,342 |
Guarantees Granted | 73,166,630 | 22,478,015 |
Liabilities for Foreign Trade Operations | $ 3,343,274 | $ 1,699,613 |
Off-balance Sheet Items - Sch_2
Off-balance Sheet Items - Schedule of Fees and Commissions Related to Credit Exposure (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of credit risk exposure [abstract] | ||
For Agreed Credits | $ 187,208 | $ 170,183 |
For Documentary Export and Import Credits | 234,130 | 154,584 |
For Guarantees Granted | $ 110,265 | $ 65,916 |
Off-balance Sheet Items - Sch_3
Off-balance Sheet Items - Schedule of Counter-guarantees, Classified by Type (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of credit risk exposure [abstract] | ||
Other Preferred Guarantees Received | $ 652,888 | $ 32,657 |
Other Guarantees Received | $ 4,656,895 | $ 1,038,715 |
Off-balance Sheet Items - Sch_4
Off-balance Sheet Items - Schedule of Credit Risk by Probability of Default (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of credit risk exposure [abstract] | ||
Values to be Debited | $ 22,617,220 | $ 18,181,314 |
Values to be Credited | 24,268,481 | 20,604,627 |
Values for Collection | $ 231,487,473 | $ 280,252,236 |
Off-balance Sheet Items - Sch_5
Off-balance Sheet Items - Schedule of Amounts of Trust Funds and Securities Held in Custody (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of credit risk exposure [abstract] | ||
Trust Funds | $ 14,547,762 | $ 19,393,590 |
Securities Held in Escrow | $ 3,254,360,176 | $ 3,513,435,889 |
Non-controlling Interest - Summ
Non-controlling Interest - Summary of Non-controlling Equity Investment Percentages and Votes (Detail) - Galicia Broker Asesores de Seguros S.A. | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of noncontrolling interests [line items] | ||
Place of Business | CABA -Argentina | |
Percentage of equity investments | 0.01% | 0.01% |
Non-controlling Interest - Su_2
Non-controlling Interest - Summary of Movements in Group's Significant Non-Controlling Interests (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | $ 10 | $ 10 | $ 11,580,324 |
Purchases / Contributions / Sales | 0 | 0 | (12,160,315) |
Cash Dividends | 0 | 0 | (422,935) |
Profit Sharing in income (loss) for the Year | 9 | 0 | 1,002,936 |
Ending balance | 19 | 10 | 10 |
Cobranzas Regionales S.A. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 0 | (78,317) | |
Purchases / Contributions / Sales | 78,317 | ||
Ending balance | 0 | ||
Galicia Broker Asesores de Seguros S.A. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 10 | 10 | 12 |
Profit Sharing in income (loss) for the Year | 9 | (2) | |
Ending balance | $ 19 | 10 | 10 |
Galicia Retiro Compañía de Seguros S.A.U. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 0 | 12 | |
Profit Sharing in income (loss) for the Year | (12) | ||
Ending balance | 0 | ||
Galicia Seguros S.A.U. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 0 | 16 | |
Profit Sharing in income (loss) for the Year | (16) | ||
Ending balance | 0 | ||
Naranja Digital Compañía Financiera S.A.U. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 0 | (60,339) | |
Purchases / Contributions / Sales | 60,339 | ||
Ending balance | 0 | ||
Ondara S.A. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 0 | 33,465 | |
Purchases / Contributions / Sales | (33,465) | ||
Ending balance | 0 | ||
Tarjeta Naranja S.A.U. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | 0 | 10,114,135 | |
Purchases / Contributions / Sales | (10,114,135) | ||
Ending balance | 0 | ||
Tarjetas Regionales S.A. | |||
Disclosure Of Non Controlling Interests Movement [line items] | |||
Beginning balance | $ 0 | 1,571,340 | |
Purchases / Contributions / Sales | (2,151,371) | ||
Cash Dividends | (422,935) | ||
Profit Sharing in income (loss) for the Year | 1,002,966 | ||
Ending balance | $ 0 |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [abstract] | ||
Percentage of increase in notes of the group | 20% | |
Key management personnel compensation | $ 4,072,411 | $ 4,107,123 |
Related Party Transactions - Su
Related Party Transactions - Summary of Controlled Entity of Related Party Transactions (Detail) - Related parties - EBA Holding S.A. | 12 Months Ended |
Dec. 31, 2022 | |
Disclosure of related party transactions [line items] | |
Percentage of voting rights | 54.09% |
Principal Line of Business | Financial and InvestmentOperations |
Place of Business | Autonomous City of Buenos Aires – Argentina |
Equity Investment % | 19.07% |
Related Party Disclosures - Com
Related Party Disclosures - Compensation of Key Management Personnel (Detail) - Individual | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | ||
Total | 175 | 170 |
Regular Directors | ||
Disclosure of transactions between related parties [line items] | ||
Total | 79 | 80 |
General Manager | ||
Disclosure of transactions between related parties [line items] | ||
Total | 1 | 1 |
Area and department Managers | ||
Disclosure of transactions between related parties [line items] | ||
Total | 95 | 89 |
Related Party Transactions - _2
Related Party Transactions - Summary of Total Assistance Granted by Group to Key Personnel, Syndics, Majority Shareholders, as well as all Individuals (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 ARS ($) RelatedParty | Dec. 31, 2021 ARS ($) RelatedParty | |
Disclosure of related party transactions [line items] | ||
Total Amount of Credit Assistance | $ | $ 5,505,721 | $ 8,589,049 |
Number of Addressees (quantities) | RelatedParty | 279 | 280 |
Average Amount of Credit Assistance | $ | $ 19,734 | $ 30,676 |
Maximum Assistance | $ | $ 843,892 | $ 3,238,904 |
Natural Persons | ||
Disclosure of related party transactions [line items] | ||
Number of Addressees (quantities) | RelatedParty | 219 | 221 |
Legal Entities | ||
Disclosure of related party transactions [line items] | ||
Number of Addressees (quantities) | RelatedParty | 60 | 59 |
Related Party Transactions - _3
Related Party Transactions - Summary of Amounts of Related Party Transactions (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Assets | |||
Cash and Due from Banks | $ 447,544,202 | $ 462,491,302 | |
Debt Securities at fair value through profit or loss | 792,270,323 | 459,588,993 | |
Derivative Financial Instruments | 3,327,780 | 2,429,223 | |
Repurchase Transactions | 115,523,908 | 395,830,377 | |
Other Financial Assets | 55,571,314 | 45,526,918 | |
Loans and Other Financing | 1,243,616,465 | 1,450,106,105 | |
Other Debt Securities | 366,674,973 | 183,801,002 | |
Total Assets | 3,371,637,567 | 3,268,713,477 | |
Liabilities | |||
Derivative Financial Instruments | 1,694,114 | 1,387,179 | |
Other Financial Liabilities | 348,779,269 | 381,231,576 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 37,438,244 | 46,186,834 | |
Debt Securities | 67,303,327 | 54,487,112 | |
Liabilities for Insurance Contracts | 5,109,920 | 6,215,128 | |
Other Non-financial Liabilities | 89,552,825 | 78,355,869 | |
Total Liabilities | 2,762,760,009 | 2,675,628,185 | |
Income (Loss) | |||
Net Income from interest | 152,516,334 | 212,865,195 | $ 225,560,470 |
Net fee Income | 117,701,021 | 112,570,162 | 107,244,662 |
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | 338,111,511 | 186,241,440 | 203,791,823 |
Other Operating Income (Expense) | 90,836,650 | 69,806,539 | 65,633,895 |
Income from Insurance Business | (13,690,731) | (14,317,194) | (15,851,808) |
Other Operating Expenses | (125,499,402) | (107,421,205) | (92,487,032) |
Operating Income | 66,083,580 | 92,781,004 | 136,493,541 |
Related parties | |||
Assets | |||
Cash and Due from Banks | 5,048,868 | 8,357,923 | |
Debt Securities at fair value through profit or loss | 4,057,904 | 1,217,662 | |
Derivative Financial Instruments | 1,241,177 | 660,119 | |
Repurchase Transactions | 10,916,515 | 0 | |
Other Financial Assets | 51,720 | 0 | |
Loans and Other Financing | 35,453,589 | 18,041,984 | |
Other Debt Securities | 362,621 | 244,647 | |
Total Assets | 57,132,394 | 28,522,335 | |
Liabilities | |||
Deposits | 7,352,996 | 9,335,744 | |
Derivative Financial Instruments | 1,241,177 | 660,119 | |
Repurchase Transactions | 10,916,515 | 0 | |
Other Financial Liabilities | 74,970 | 199,199 | |
Financing Received from the Argentine Central Bank and Other Financial Institutions | 33,068,323 | 16,808,004 | |
Debt Securities | 4,420,525 | 1,462,309 | |
Liabilities for Insurance Contracts | 4,332 | 1,724 | |
Other Non-financial Liabilities | 53,556 | 55,236 | |
Total Liabilities | 57,132,394 | 28,522,335 | |
Income (Loss) | |||
Net Income from interest | 2,098,935 | (1,101,914) | (665,867) |
Net fee Income | 2,974,406 | 3,452,512 | 3,192,339 |
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | (2,258,171) | 660,119 | 2,658 |
Other Operating Income (Expense) | 2,963,883 | 3,087,267 | 3,509,103 |
Income from Insurance Business | (5,114,755) | (6,037,909) | (5,896,993) |
Administrative Expenses | (325,204) | (273,741) | 0 |
Other Operating Expenses | (7,096) | (14,267) | (42,513) |
Operating Income | $ 331,998 | $ (227,933) | $ 98,727 |
Additional Information Requir_3
Additional Information Required by the Argentine Central Bank - Additional Information (Detail) - ARS ($) shares in Thousands, $ in Thousands | 12 Months Ended | ||
Jan. 01, 2023 | May 01, 2020 | Dec. 31, 2022 | |
Disclosure of additional information [line items] | |||
Percentage of monthly contribution to deposit insurance fund | 0.015% | ||
Garantizar SGRs risk fund | |||
Disclosure of additional information [line items] | |||
Number of years contribution made to the fund | 2 years | ||
Electrigal SA | |||
Disclosure of additional information [line items] | |||
Equity investments, shares | 1,222,406 | ||
Net insurance contracts | |||
Disclosure of additional information [line items] | |||
Insurance system to demand deposits and time deposits limits | $ 6,000 | $ 1,500 |
Additional Information Requir_4
Additional Information Required by the Argentine Central Bank - Cash and Government Securities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of restricted assets [line items] | ||
Notional amount | $ 37,438,244 | $ 46,186,834 |
Repurchase Transaction | Government Securities | Currency Forward Purchases | ||
Disclosure of restricted assets [line items] | ||
Notional amount | 0 | 630,222 |
Banco de Galicia y Buenos Aires S.A.U. | ||
Disclosure of restricted assets [line items] | ||
For transactions in ROFEX, MAE and BYMA | 52,044,160 | 21,824,166 |
For appraisals from repo transactions | 0 | 70,024 |
For debit / credit cards transactions | 7,732,900 | 8,985,815 |
For attachments | 10,009 | 18,330 |
Liquid offsetting entry required to operate as CNV agent | 162,086 | 168,301 |
For contribution to M.A.E.’ s Joint Guarantee Fund (Fondo de Garantía Mancomunada) | 1,100 | 2,143 |
Guarantees for the Regional Economies Competitiveness Program | 86,801 | 252,851 |
For other transactions (includes guarantees linked to rental contracts) | 40,505 | 47,043 |
Banco de Galicia y Buenos Aires S.A.U. | Repurchase Transaction | Government Securities | Currency Forward Purchases | ||
Disclosure of restricted assets [line items] | ||
Notional amount | $ 0 | $ 630,222 |
Additional Information Requir_5
Additional Information Required by the Argentine Central Bank - Special Guarantees Accounts (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Argentine Central Bank | ||
Disclosure of restricted assets [line items] | ||
Escrow Accounts | $ 40,024,234 | $ 36,054,654 |
Additional Information Requir_6
Additional Information Required by the Argentine Central Bank - Deposits in favor of the Argentine Central Bank (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Argentine Central Bank | ||
Disclosure of restricted assets [line items] | ||
Unavailable deposits due to exchange transactions | $ 533 | $ 1,038 |
Additional Information Requir_7
Additional Information Required by the Argentine Central Bank - Contributions to Garantizar S.G.R.'s Risk Fund (Detail) - Garantizar SGRs risk fund - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Fondo de Riesgo Garantizar SGR | ||
Disclosure of restricted assets [line items] | ||
Contributions to the Fund | $ 1,124,476 | $ 1,928,453 |
Don Mario SGR | ||
Disclosure of restricted assets [line items] | ||
Contributions to the Fund | 500,000 | 0 |
Movil SGR | ||
Disclosure of restricted assets [line items] | ||
Contributions to the Fund | $ 100,000 | $ 0 |
Additional Information Requir_8
Additional Information Required by the Argentine Central Bank - Financial Assets as Collateral for Loans Borrowed as First Pledges (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of restricted assets [line items] | ||
Total Restricted Assets | $ 103,478,456 | $ 70,774,345 |
INVIU S.A.U. | ||
Disclosure of restricted assets [line items] | ||
Liquid offsetting entry required to operate as CNV agents | 60,166 | 65,201 |
Guarantees linked to surety bonds | 63,333 | 8,824 |
Tarjeta Naranja S.A.U. | ||
Disclosure of restricted assets [line items] | ||
Attachments arising from judicial cases | 173,624 | 193,340 |
Guarantees linked to rental contracts | 8,521 | 16,842 |
Galicia Asset Management S.A.U. | ||
Disclosure of restricted assets [line items] | ||
Liquid offsetting entry required to operate as collective investment products administration agents of mutual funds, as required by CNV | 98,452 | 102,444 |
Galicia Securities S.A.U. | ||
Disclosure of restricted assets [line items] | ||
Liquid offsetting entry required to operate as CNV agents | 59,763 | 48,068 |
Guarantees linked to surety bonds | 357,182 | 39,382 |
For transactions in the market | $ 272,665 | $ 317,204 |
Additional Information Requir_9
Additional Information Required by the Argentine Central Bank - Financial Assets as Collateral for Loans Borrowed as First Pledges (Parenthetical) (Detail) | Dec. 31, 2022 shares |
Fima Premium Class B Mutual Fund | |
Disclosure of restricted assets [line items] | |
Number Of Shares Held | 6,600,000 |
Additional Information Requi_10
Additional Information Required by the Argentine Central Bank - Summary of Fiduciary Property Breakdown (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2022 ARS ($) | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | $ 14,480,501 |
Exxon Mobil | |
Disclosure of trust activities [line items] | |
Date of Contract | Nov. 23, 2011 |
Trustor | Exxon Mobil |
Maturity | Apr. 19, 2023 |
Coop. de Trab. Portuarios | |
Disclosure of trust activities [line items] | |
Date of Contract | Sep. 12, 2014 |
Trustor | Coop. de Trab. Portuarios |
Maturity | Sep. 12, 2024 |
Fondo Fiduciario Aceitero | |
Disclosure of trust activities [line items] | |
Date of Contract | Mar. 16, 2021 |
Trustor | Fondo Fiduciario Aceitero |
Maturity | Jan. 31, 2023 |
Fondo Anticiclico Agroalim | |
Disclosure of trust activities [line items] | |
Date of Contract | Apr. 26, 2022 |
Trustor | Fondo Anticiclico Agroalim |
Maturity | Jan. 31, 2024 |
Trust [member] | Banco de Galicia y Buenos Aires S.A.U. | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | $ 67,261 |
Trust [member] | Banco de Galicia y Buenos Aires S.A.U. | Exxon Mobil | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | 41,478 |
Trust [member] | Banco de Galicia y Buenos Aires S.A.U. | Coop. de Trab. Portuarios | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | 7,671 |
Trust [member] | Banco de Galicia y Buenos Aires S.A.U. | Fondo Fiduciario Aceitero | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | 10,686 |
Trust [member] | Banco de Galicia y Buenos Aires S.A.U. | Fondo Anticiclico Agroalim | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | $ 7,426 |
Additional Information Requi_11
Additional Information Required by the Argentine Central Bank - Summary of Financial Trust Contracts (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of trust activities [line items] | ||
Balances of Trust Funds | $ 14,480,501 | |
GAS I [member] | ||
Disclosure of trust activities [line items] | ||
Date of Contract | Dec. 06, 2006 | |
Trust | GAS I | |
Maturity Date | Dec. 31, 2023 | |
GAS II [member] | ||
Disclosure of trust activities [line items] | ||
Date of Contract | May 14, 2009 | |
Trust | GAS II | |
Maturity Date | Dec. 31, 2023 | |
MILA III [member] | ||
Disclosure of trust activities [line items] | ||
Date of Contract | Jun. 08, 2011 | |
Trust | MILA III | |
Maturity Date | Dec. 31, 2023 | |
MILA IV [member] | ||
Disclosure of trust activities [line items] | ||
Date of Contract | Sep. 01, 2011 | |
Trust | MILA IV | |
Maturity Date | Dec. 31, 2023 | |
Financial trust contract [member] | Financial guarantee contracts [member] | Banco de Galicia y Buenos Aires S.A.U. | GAS I [member] | ||
Disclosure of trust activities [line items] | ||
Balances of Trust Funds | $ 281,417 | |
Financial trust contract [member] | Financial guarantee contracts [member] | Banco de Galicia y Buenos Aires S.A.U. | GAS II [member] | ||
Disclosure of trust activities [line items] | ||
Balances of Trust Funds | 14,149,612 | |
Financial trust contract [member] | Financial guarantee contracts [member] | Banco de Galicia y Buenos Aires S.A.U. | MILA III [member] | ||
Disclosure of trust activities [line items] | ||
Balances of Trust Funds | 44,870 | |
Financial trust contract [member] | Financial guarantee contracts [member] | Banco de Galicia y Buenos Aires S.A.U. | MILA IV [member] | ||
Disclosure of trust activities [line items] | ||
Balances of Trust Funds | $ 4,602 |
Additional Information Requi_12
Additional Information Required by the Argentine Central Bank - Additional Information 2 (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of additional information [line items] | |||
Instruments held in custody | $ 3,254,360,176 | $ 3,254,360,176 | $ 3,513,435,889 |
Percentage of regulatory capital | 2.50% | 2.50% | |
Percentage of individual computable regulatory capital | 1% | ||
Escrow Agent | |||
Disclosure of additional information [line items] | |||
Required shareholders equity amount | $ 176,054 | $ 176,054 | |
Minimum required shareholders offsetting entry | 88,027 | 88,027 | |
Alync And AN Integral | |||
Disclosure of additional information [line items] | |||
Required shareholders equity amount | 87,165 | 87,165 | |
Minimum required shareholders offsetting entry | 43,583 | 43,583 | |
Treasury Bills | 162,086 | 162,086 | |
Galicia administradora de fondos S.A. | |||
Disclosure of additional information [line items] | |||
Minimum required shareholders offsetting entry | 97,141 | 97,141 | |
Minimum equity requirement act as agent | 194,282 | 194,282 | |
Galicia administradora de fondos S.A. | Fima Premium Class C Shares | |||
Disclosure of additional information [line items] | |||
Minimum required shareholders offsetting entry | $ 98,452 | $ 98,452 | |
Minimum offsetting entry shares | 6,600,000 | 6,600,000 | |
Galicia Securities S.A. | |||
Disclosure of additional information [line items] | |||
Required shareholders equity amount | $ 2,008,631 | $ 2,008,631 | |
Minimum required shareholders offsetting entry | 43,583 | 43,583 | |
Minimum equity requirement act as agent | $ 30,300 | $ 30,300 | |
Required shareholders equity shares | 470,350,000 | 470,350,000 | |
Minimum required equity act as agent off setting entry | $ 15,150 | $ 15,150 | |
Required government securities amount | 59,763 | 59,763 | |
INVIU S.A.U. | |||
Disclosure of additional information [line items] | |||
Required shareholders equity amount | 2,309,282 | 2,309,282 | |
Minimum required shareholders offsetting entry | 43,583 | 43,583 | |
Minimum equity requirement act as agent | $ 30,300 | $ 30,300 | |
Required shareholders equity shares | 470,350,000 | 470,350,000 | |
Minimum required equity act as agent off setting entry | $ 15,150 | $ 15,150 | |
Offsetting entry | 60,166 | 60,166 | |
Banco de Galicia y Buenos Aires S.A.U. | |||
Disclosure of additional information [line items] | |||
Instruments held in custody | 775,167,807 | $ 775,167,807 | $ 671,207,220 |
Securities held in custody in units | 42,336,393,400 | 28,342,213,607 | |
Banco Galicia | |||
Disclosure of additional information [line items] | |||
Legal reserve | 20% | ||
Percentage of profit shown in income statement | 20% | ||
Grupo Financiero Galicia S.A. | |||
Disclosure of additional information [line items] | |||
Percentage of net income transferred | 5% | ||
Legal reserve | 20% | ||
Argentine Central Bank | |||
Disclosure of additional information [line items] | |||
Minimum capital requirement | 3.50% | ||
Percentage of accumulated income | 20% | ||
Profit loss recorded in equity | $ 51,460,139 | $ 51,460,139 | |
Percentage of constitution to Legal Reserve | 5% | 5% | |
Payment of a cash dividend | $ 10,000,000 | $ 10,000,000 | |
Tarjeta Naranja S.A.U. | |||
Disclosure of additional information [line items] | |||
Dividend rate | 25% | 25% | |
Minimum capital requirement | 1,661,420,100,000% | 30,000,000,000% |
Additional Information Requi_13
Additional Information Required by the Argentine Central Bank - Summary of Balances of the Mutual Funds (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | $ 3,254,360,176 | $ 3,513,435,889 |
Mutual Funds | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 775,167,807 | 671,207,220 |
FIMA Acciones | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 3,813,287 | 2,465,388 |
FIMA P.B. Acciones | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 2,582,474 | 2,054,173 |
FIMA Renta en pesos | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 19,071,848 | 20,589,512 |
FIMA Ahorro pesos | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 28,384,574 | 34,850,123 |
FIMA Renta Plus | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 8,304,489 | 16,594,936 |
FIMA Premium | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 623,265,398 | 500,851,452 |
FIMA Ahorro Plus | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 51,739,245 | 56,356,580 |
FIMA Capital Plus | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 32,193,257 | 26,837,093 |
FIMA Abierto PyMES | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 1,437,879 | 2,000,343 |
FIMA Mix I | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 2,706,104 | 6,957,717 |
FIMA Mix II | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 140,946 | 0 |
FIMA Renta Fija Internacional | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 1,140,420 | 1,517,835 |
FIMA Sustentable ASG | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | 277,370 | 0 |
FIMA Acciones Latinoamericanas Dolares | ||
Disclosure of mutual funds portfolio [line items] | ||
Instruments held in custody | $ 110,516 | $ 132,068 |
Additional Information Requi_14
Additional Information Required by the Argentine Central Bank - Summary of Compliance with Minimum Cash Requirements (Detail) - Dec. 31, 2022 € in Thousands, $ in Thousands, $ in Thousands | ARS ($) | USD ($) | EUR (€) |
Argentina, Pesos | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | $ 263,136,461 | ||
US Dollar | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | $ 1,014,088 | ||
Euro | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | € | € 27 | ||
Checking Accounts held in Argentine Central Bank | Argentina, Pesos | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | 12,703,548 | ||
Checking Accounts held in Argentine Central Bank | US Dollar | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | 1,010,394 | ||
Checking Accounts held in Argentine Central Bank | Euro | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | € | € 27 | ||
Escrow Accounts held in Argentine Central Bank | Argentina, Pesos | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | 40,692,757 | ||
Escrow Accounts held in Argentine Central Bank | US Dollar | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | $ 3,694 | ||
National Treasury Bonds in Argentine Pesos computable for minimum cash | Argentina, Pesos | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | 56,026,785 | ||
Liquidity Bills computable for minimum cash | Argentina, Pesos | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | 254,866 | ||
Government Securities | Argentina, Pesos | |||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |||
Total for integration Minimum Cash | $ 153,458,505 |
Additional Information Requi_15
Additional Information Required by the Argentine Central Bank - Schedule of Shareholders' Equity (Detail) - ARS ($) $ in Thousands | Dec. 31, 2022 | Dec. 31, 2021 |
Share Capital | $ 1,474,692 | $ 1,474,692 |
Additional paid in Capital | 217,357,729 | $ 217,357,729 |
Argentine Central Bank | ||
Share Capital | 1,474,692 | |
Additional paid in Capital | 17,281,187 | |
Adjustments to shareholders´ equity | 217,357,729 | |
Legal reserve | 5,194,789 | |
Distributable reserves | 316,357,520 | |
Non distributable reserves | 218,815 | |
Profit for the year | 51,460,139 | |
Total Shareholder’s equity under the rules of the Argentine Central Bank | $ 609,344,871 |
Additional Information Requi_16
Additional Information Required by the Argentine Central Bank - Women and Disability in Group (Details) | Dec. 31, 2022 people |
Disclosure of additional information [line items] | |
Total | 8,785 |
Women | 4,440 |
% of women | 51% |
Leadership Positions | |
Disclosure of additional information [line items] | |
% of women | 30% |
Percentage of Disability in Group | 1% |
Regular and Alternate Directors | |
Disclosure of additional information [line items] | |
Total | 15 |
Women | 2 |
% of women | 13% |
Regular and Alternate Trustees | |
Disclosure of additional information [line items] | |
Total | 6 |
Women | 1 |
% of women | 17% |
General, area and department Managers | |
Disclosure of additional information [line items] | |
Total | 97 |
Women | 18 |
% of women | 19% |
Rest of collaborators | |
Disclosure of additional information [line items] | |
Total | 8,667 |
Women | 4,419 |
% of women | 51% |
Economic Context Where the Gr_2
Economic Context Where the Group's Operates - Additional Information (Detail) $ in Millions, $ in Millions | 1 Months Ended | 2 Months Ended | 3 Months Ended | 12 Months Ended | |||||
Jan. 31, 2023 ARS ($) | Dec. 31, 2022 USD ($) | Mar. 31, 2022 ARS ($) | Mar. 31, 2023 USD ($) | Feb. 28, 2023 | Dec. 31, 2022 USD ($) | Sep. 30, 2022 | Dec. 31, 2022 ARS ($) | Dec. 31, 2021 | |
Disclosure of additional information [line items] | |||||||||
Increase of BPS interest rate | 5,000% | ||||||||
Reference interest rate | 5.125% | ||||||||
Quantitative tightening rhythm | $ 95,000 | ||||||||
Increase in GDP growth rate | 5.20% | 10.40% | |||||||
Decrease in GDP growth rate during the year | (1.20%) | ||||||||
Net international reserves increase during period | $ 45,000 | $ 6,973 | |||||||
International reserves | $ 23,500 | ||||||||
Non financial pubic sector primary deficit | $ 1,955,141 | ||||||||
Non financial pubic sector primary deficit GDP percentage | 2.40% | ||||||||
Percentage of increase of total income | 75.70% | ||||||||
Percentage of assistance to treasury financing on gross domestic product By argentine central Bank | 0.30% | ||||||||
Percentage of increase of primary expenses | 70.50% | ||||||||
Percentage of increase of capital spending | 104.70% | ||||||||
Increase in transfer to provinces | 54.10% | ||||||||
Increase in economic subsidiaries | 54.90% | ||||||||
Estimated fiscal deficit | $ 2,015,700 | ||||||||
Net inflow of foreign currency | 4,756 | ||||||||
Income | 793 | ||||||||
Cash recovery | 1,047 | ||||||||
Purchase and sale of foreign currency private sector | $ 817 | ||||||||
Purchase of foreign currency | $ 1,988 | ||||||||
Decrease in international reserves | $ 5,553 | ||||||||
Rate of variation of exchange rate | 5.40% | 5.30% | 6.70% | 6.20% | |||||
Interest rate of liquidity bills | 75% | 38% | |||||||
Interest rate base | 75% | ||||||||
Base rate for sectors | 66.50% | ||||||||
Economic Context Operates [Member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Non financial pubic sector primary deficit | $ 203,938 | ||||||||
Non financial pubic sector primary deficit GDP percentage | 0.12% | ||||||||
Primary deficit threshold | $ 237,562 | ||||||||
Bottom of range | |||||||||
Disclosure of additional information [line items] | |||||||||
Increase of BPS interest rate range | 4% | ||||||||
Top of range | |||||||||
Disclosure of additional information [line items] | |||||||||
Increase of BPS interest rate range | 4.50% |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) $ in Thousands, $ in Thousands | Apr. 12, 2023 ARS ($) | Mar. 29, 2023 ARS ($) | Mar. 28, 2023 ARS ($) | Feb. 14, 2023 ARS ($) | Feb. 13, 2023 ARS ($) | Feb. 07, 2023 ARS ($) | Jan. 30, 2023 ARS ($) | Jan. 20, 2023 ARS ($) | Jan. 31, 2022 | Feb. 03, 2023 ARS ($) | Dec. 31, 2022 ARS ($) | Dec. 31, 2022 USD ($) |
Banco de Galicia y Buenos Aires S.A.U. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Nominal value | $ 250,000 | |||||||||||
Tarjeta Naranja S.A.U. | LVII | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Nominal value | $ 8,437,300 | |||||||||||
Major Dividends | Sudamericana Holding | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Dividends paid | $ 765,000 | $ 700,000 | ||||||||||
Major Dividends | Galicia Seguros S.A.U. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Dividends paid | 720,000 | $ 689,000 | ||||||||||
Major Dividends | Galicia Asset Management | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Dividends paid | 4,108,707 | |||||||||||
Major Dividends | Galicia Warrants S.A. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Dividends paid | 150,000 | |||||||||||
Major Dividends | Galicia Broker Asesores de Seguros S.A. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Dividends paid | $ 45,000 | |||||||||||
Irrevocable Contributions | Banco de Galicia y Buenos Aires S.A.U. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Contributions made to unconsolidated subsidiaries by its controlling subsidiaries of investment entity | $ 462,529 | |||||||||||
Irrevocable Contributions | Tarjetas Regionales S.A. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Contributions made to unconsolidated subsidiaries by its controlling subsidiaries of investment entity | $ 1,000,000 | |||||||||||
Irrevocable Contributions | Grupo Financiero Galicia S.A. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Contributions made to unconsolidated subsidiaries by its controlling subsidiaries of investment entity | $ 300,000 | |||||||||||
Debt Securities Issuance | Tarjeta Naranja S.A. | LVII | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Nominal value | $ 12,512,200 | |||||||||||
Borrowings, adjustment to interest rate basis | 4.50% | |||||||||||
Debt Securities Issuance | Tarjeta Naranja S.A.U. | LVII | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Rate | Badlar rate plus a 4.50% margin | |||||||||||
Shareholders Meeting | Cobranzas Regionales S.A. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Adjustments to irrevocable contributions | $ 1,904,792 | |||||||||||
Use of irrevocable contributions | 2,054,334 | |||||||||||
Shareholders Meeting | Banco de Galicia y Buenos Aires S.A.U. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Legal reserve | $ 10,090,059 | |||||||||||
Optional reserve for future profit distributions | 40,360,235 | |||||||||||
Distribution of Cash Dividends | $ 74,993,592 | |||||||||||
Shareholders Meeting | Naranja Digital Compañía Financiera S.A.U. | ||||||||||||
Disclosure of Events After Reporting Period [line items] | ||||||||||||
Adjustments to irrevocable contributions | 891,759 | |||||||||||
Use of irrevocable contributions | $ 2,482,390 |