Cover Page
Cover Page | 12 Months Ended |
Dec. 31, 2023 shares | |
Document Information [Line Items] | |
Document Type | 20-F |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2023 |
Document Fiscal Year Focus | 2023 |
Document Fiscal Period Focus | FY |
Entity Registrant Name | Macro Bank Inc. |
Entity Central Index Key | 0001347426 |
Current Fiscal Year End Date | --12-31 |
Entity Current Reporting Status | Yes |
Entity Well-known Seasoned Issuer | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Entity Address, Country | AR |
Document Shell Company Report | false |
Document Transition Report | false |
Document Annual Report | true |
Entity Interactive Data Current | No |
Entity Voluntary Filers | No |
Entity Common Stock, Shares Outstanding | 639,413,408 |
ICFR Auditor Attestation Flag | true |
Auditor Name | Pistrelli, Henry Martin y Asociados S.R.L. |
Auditor Firm ID | 1449 |
Auditor Location | City of Buenos Aires, Argentina. |
Document Registration Statement | false |
Entity File Number | 001-32827 |
Entity Incorporation, State or Country Code | C1 |
Document Accounting Standard | International Financial Reporting Standards |
Entity Address, Address Line One | Avenida Eduardo Madero 1182 |
Entity Address, City or Town | City of Buenos Aires |
Entity Address, Postal Zip Code | C1106ACY |
Document Financial Statement Error Correction [Flag] | false |
Business Contact [Member] | |
Document Information [Line Items] | |
Entity Address, Country | AR |
Entity Address, Address Line One | Avenida Eduardo Madero 1172, 24th Floor |
Entity Address, City or Town | City of Buenos Aires |
Entity Address, Postal Zip Code | C1106ACY |
Contact Personnel Name | Jorge Francisco Scarinci |
Contact Personnel Email Address | jorgescarinci@macro.com.ar |
Country Region | 54 |
City Area Code | 11 |
Local Phone Number | 5222-6730 |
American Depositary Shares [member] | |
Document Information [Line Items] | |
Trading Symbol | BMA |
Title of 12(b) Security | American Depositary Shares |
Security Exchange Name | NYSE |
Class A Common Stock [member] | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 11,235,670 |
Class B Common Stock [member] | |
Document Information [Line Items] | |
Trading Symbol | BMA |
Title of 12(b) Security | Class B ordinary shares |
Security Exchange Name | NYSE |
Entity Common Stock, Shares Outstanding | 628,177,738 |
Consolidated Statement of Finan
Consolidated Statement of Financial Position - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
ASSETS | ||
Cash and deposits in banks | $ 1,203,105,095 | $ 778,796,544 |
Cash | 397,357,431 | 85,987,793 |
Central Bank of Argentina | 515,946,216 | 446,952,618 |
Other local and foreign entities | 289,745,411 | 245,818,395 |
Other | 56,037 | 37,738 |
Debt securities at fair value through profit or loss | 1,752,113,837 | 657,238,645 |
Derivative financial instruments | 13,143,270 | 133,591 |
Repo transactions | 615,582,382 | 192,852,624 |
Other financial assets | 201,381,389 | 180,443,674 |
Loans and other financing | 1,833,657,853 | 1,864,088,844 |
Non-financial public sector | 4,715,710 | 6,872,050 |
Other financial entities | 9,965,075 | 2,887,593 |
Non-financial private sector and foreign residents | 1,818,977,068 | 1,854,329,201 |
Other debt securities | 430,934,498 | 2,295,609,430 |
Financial assets delivered as guarantee | 132,891,084 | 95,353,885 |
Current income tax assets | 877,771 | 0 |
Equity instruments at fair value through profit or loss | 3,213,841 | 2,614,136 |
Investments in associates and joint arrangements | 1,685,111 | 3,555,025 |
Property, plant and equipment | 356,787,386 | 317,211,464 |
Intangible assets | 75,170,628 | 54,308,754 |
Deferred income tax assets | 995,545 | 229,096 |
Other non-financial assets | 54,782,584 | 38,779,189 |
Non-current assets held for sale | 41,888,837 | 27,579,033 |
TOTAL ASSETS | 6,718,211,111 | 6,508,793,934 |
LIABILITIES | ||
Deposits | 3,370,240,610 | 4,033,959,266 |
Non-financial public sector | 187,100,670 | 342,399,722 |
Financial Sector | 20,185,431 | 5,148,961 |
Non-financial private sector and foreign residents | 3,162,954,509 | 3,686,410,583 |
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 |
Derivative financial instruments | 2,837,879 | 7,382 |
Repo transactions | 23,601,328 | 0 |
Other financial liabilities | 374,491,943 | 420,684,684 |
Financing received from the Central Bank of Argentina and other financial institutions | 19,799,011 | 7,627,436 |
Issued corporate bonds | 58,864,013 | 8,456,451 |
Current income tax liabilities | 213,883,957 | 33,785,982 |
Subordinated corporate bonds | 328,227,793 | 224,617,825 |
Provisions | 8,812,936 | 8,682,459 |
Deferred income tax liabilities | 45,415,891 | 40,903,089 |
Other non-financial liabilities | 214,185,225 | 133,311,398 |
TOTAL LIABILITIES | 4,674,186,061 | 4,913,674,060 |
SHAREHOLDERS' EQUITY | ||
Capital stock | 639,413 | 639,413 |
Non-capital contributions | 12,429,781 | 12,429,781 |
Capital adjustments | 567,267,912 | 567,267,912 |
Earnings reserved | 1,219,190,868 | 1,264,342,788 |
Unappropriated retained earnings | (383,821,734) | (376,931,163) |
Accumulated other comprehensive income | 40,528,523 | 157,141 |
Net income for the fiscal year | 587,324,400 | 126,950,267 |
Net shareholders' equity attributable to controlling interests | 2,043,559,163 | 1,594,856,139 |
Net shareholders' equity attributable to non-controlling interests | 465,887 | 263,735 |
TOTAL SHAREHOLDERS' EQUITY | 2,044,025,050 | 1,595,119,874 |
TOTAL SHAREHOLDERS' EQUITY AND LIABILITIES | $ 6,718,211,111 | $ 6,508,793,934 |
Consolidated Statement of Incom
Consolidated Statement of Income $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 ARS ($) $ / shares | Dec. 31, 2022 ARS ($) $ / shares | Dec. 31, 2021 ARS ($) $ / shares | ||
Statement [LineItems] | ||||
Interest income | $ 2,446,332,749 | $ 1,907,263,992 | $ 1,367,473,535 | |
Interest expense | (1,621,299,160) | (956,458,308) | (572,592,780) | |
Net interest income | 825,033,589 | 950,805,684 | 794,880,755 | |
Commissions income | 245,712,549 | 234,809,397 | 224,345,705 | |
Commissions expense | (24,943,882) | (23,086,499) | (21,418,784) | |
Net commissions income | 220,768,667 | 211,722,898 | 202,926,921 | |
Subtotal (Net interest income plus Net commissions income) | 1,045,802,256 | 1,162,528,582 | 997,807,676 | |
Net gain from measurement of financial instruments at fair value through profit or loss | 974,315,271 | 140,628,194 | 101,180,879 | |
Profit from sold or derecognized assets at amortized cost | 342,331 | 528,229 | 1,480,419 | |
Differences in quoted prices of gold and foreign currency | 798,217,991 | 193,924,698 | 28,192,905 | |
Other operating income | 72,887,469 | 65,948,223 | 47,519,939 | |
Credit loss expense on financial assets | (45,968,747) | (21,480,302) | (15,745,665) | |
Net operating income before expenses, depreciation and amortization | 2,845,596,571 | 1,542,077,624 | 1,160,436,153 | |
Employee benefits | (278,509,138) | (241,771,572) | (239,493,427) | |
Administrative expenses | (164,225,989) | (121,933,757) | (121,877,712) | |
Depreciation and amortization of fixed assets | (58,098,766) | (47,485,393) | (43,224,593) | |
Other operating expenses | (321,270,780) | (233,739,638) | (207,725,404) | |
Operating income after expenses, depreciation and amortization | 2,023,491,898 | 897,147,264 | 548,115,017 | |
Income / (loss) from associates and joint arrangements | 155,403,295 | (353,496) | 530,759 | |
Loss on net monetary position | (1,308,898,985) | (712,616,273) | (402,701,777) | |
Income before tax on continuing operations | 869,996,208 | 184,177,495 | 145,943,999 | |
Income tax on continuing operations | (282,321,067) | (57,205,169) | (7,194,479) | |
Net income from continuing operations | 587,675,141 | 126,972,326 | 138,749,520 | |
Net income for the fiscal year | 587,675,141 | 126,972,326 | 138,749,520 | |
Net income for the fiscal year attributable to controlling interests | 587,324,400 | 126,950,267 | 138,744,986 | |
Net income for the fiscal year attributable to non-controlling interests | $ 350,741 | $ 22,059 | $ 4,534 | |
Basic earnings per share | (per share) | [1] | $ 918.5368 | $ 198.5419 | $ 216.9881 |
[1]The Bank does not have any financial instrument that should be considered as diluted. Therefore, basic and dilutive earning per share is the same amount. |
Consolidated Statement of Other
Consolidated Statement of Other Comprehensive Income - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Statement [LineItems] | |||
Net Income for the fiscal year | $ 587,675,141 | $ 126,972,326 | $ 138,749,520 |
Foreign currency translation differences from Financial Statements conversion | 9,758,855 | (2,238,986) | (4,648,591) |
Foreign currency translation differences for the fiscal year | 9,758,855 | (2,238,986) | (4,648,591) |
Profit or loss from financial instruments measured at fair value through other comprehensive income (FVOCI) (IFRS 9(4.1.2)(a)) | 30,612,527 | (15,079,919) | 12,076,621 |
Profit or loss for the fiscal year from financial instruments at fair value through other comprehensive income (FVOCI) | 47,943,484 | (9,596,362) | 3,330,076 |
Reclassification to profit or loss | (569,043) | (13,104,724) | 16,082,210 |
Income tax | (16,761,914) | 7,621,167 | (7,335,665) |
Total other comprehensive income / (loss) that will be reclassified to profit or loss | 40,371,382 | (17,318,905) | 7,428,030 |
Total other comprehensive income / (loss) | 40,371,382 | (17,318,905) | 7,428,030 |
Total comprehensive income for the fiscal year | 628,046,523 | 109,653,421 | 146,177,550 |
Total comprehensive income attributable to controlling interests | 627,695,782 | 109,631,362 | 146,173,016 |
Total comprehensive income attributable to non-controlling interests | $ 350,741 | $ 22,059 | $ 4,534 |
Consolidated Statement of Chang
Consolidated Statement of Changes in Shareholders' Equity - ARS ($) $ in Thousands | Total | Issued capital [member] | Additional paid-in capital [member] | Capital adjustments [member] | [1] | Accumulated foreign currency translation difference from Financial Statements conversion [member] | Accumulated other comprehensive income [member] | Legal reserve [member] | Miscellaneous other reserves [member] | Unappropriated retained earnings [member] | Total controlling interests [member] | Total non- controlling interests [member] |
Restated amount at the beginning at Dec. 31, 2020 | $ 1,387,573,524 | $ 639,413 | $ 12,429,781 | $ 567,267,912 | $ 8,289,110 | $ 1,758,906 | $ 391,677,602 | $ 997,360,211 | $ (591,866,517) | $ 1,387,556,418 | $ 17,106 | |
Total comprehensive income for the fiscal year | ||||||||||||
Net income for the fiscal year | 138,749,520 | 138,744,986 | 138,744,986 | 4,534 | ||||||||
Other comprehensive income for the fiscal year | 7,428,030 | (4,648,591) | 12,076,621 | 7,428,030 | ||||||||
Cash dividends | (77,886,932) | (77,886,932) | (77,886,932) | |||||||||
Facultative reserve | (4,047) | 4,047 | ||||||||||
Facultative reserve for future distribution earnings | (186,175,414) | 186,175,414 | ||||||||||
Personal assets tax on shares and equity interests | (2,429,532) | (2,429,532) | (2,429,532) | |||||||||
Other changes | 208,135 | 208,135 | ||||||||||
Amount at the end of the fiscal year at Dec. 31, 2021 | 1,453,642,745 | 639,413 | 12,429,781 | 567,267,912 | 3,640,519 | 13,835,527 | 391,677,602 | 730,864,286 | (266,942,070) | 1,453,412,970 | 229,775 | |
Total comprehensive income for the fiscal year | ||||||||||||
Net income for the fiscal year | 126,972,326 | 126,950,267 | 126,950,267 | 22,059 | ||||||||
Other comprehensive income for the fiscal year | (17,318,905) | (2,238,986) | (15,079,919) | (17,318,905) | ||||||||
Legal reserve | 22,082,902 | (22,082,902) | ||||||||||
Reserve for dividends pending Central Bank of Argentina's authorization | 33,654,239 | 119,717,998 | (86,063,759) | 33,654,239 | ||||||||
Personal assets tax on shares and equity interests | (1,842,432) | (1,842,432) | (1,842,432) | |||||||||
Other changes | 11,901 | 11,901 | ||||||||||
Amount at the end of the fiscal year at Dec. 31, 2022 | 1,595,119,874 | 639,413 | 12,429,781 | 567,267,912 | 1,401,533 | (1,244,392) | 413,760,504 | 850,582,284 | (249,980,896) | 1,594,856,139 | 263,735 | |
Total comprehensive income for the fiscal year | ||||||||||||
Net income for the fiscal year | 587,675,141 | 587,324,400 | 587,324,400 | 350,741 | ||||||||
Other comprehensive income for the fiscal year | 40,371,382 | 9,758,855 | 30,612,527 | 40,371,382 | ||||||||
Legal reserve | 26,805,049 | (26,805,049) | ||||||||||
Reserve for dividends pending Central Bank of Argentina's authorization | (177,084,814) | (71,956,969) | (105,127,845) | (177,084,814) | ||||||||
Personal assets tax on shares and equity interests | (1,907,944) | (1,907,944) | (1,907,944) | |||||||||
Other changes | (148,589) | (148,589) | ||||||||||
Amount at the end of the fiscal year at Dec. 31, 2023 | $ 2,044,025,050 | $ 639,413 | $ 12,429,781 | $ 567,267,912 | $ 11,160,388 | $ 29,368,135 | $ 440,565,553 | $ 778,625,315 | $ 203,502,666 | $ 2,043,559,163 | $ 465,887 | |
[1]Inflation adjustment of capital stock and additional paid-in capital. |
Consolidated Statement of Cash
Consolidated Statement of Cash Flows - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Cash flows from operating activities | |||
Income for the fiscal year before income tax | $ 869,996,208 | $ 184,177,495 | $ 145,943,999 |
Adjustment for the total monetary effect of the fiscal year | 1,308,898,985 | 712,616,273 | 402,701,777 |
Adjustments to obtain cash flows from operating activities: | |||
Amortization and depreciation | 58,098,766 | 47,485,393 | 43,224,593 |
Credit loss expense on financial assets | 45,968,747 | 21,480,302 | 15,745,665 |
Difference in quoted prices of foreign currency | (519,687,484) | (263,504,186) | (104,535,187) |
Other adjustments | 115,506,601 | 454,720,951 | 291,953,697 |
Net increase / (decrease) from operating assets: | |||
Debt securities at fair value through profit or loss | (909,887,830) | (460,689,489) | 306,877,592 |
Derivative financial instruments | 9,188,920 | (125,729) | 9,051,924 |
Repo transactions | (167,176,772) | (2,344,774) | 170,442,492 |
Loans and other financing | |||
Non-financial public sector | 2,156,260 | 7,540,174 | 18,683,672 |
Other financial entities | (7,077,482) | 6,273,635 | 7,545,035 |
Non-financial private sector and foreign residents | 281,246,343 | 237,287,781 | 172,154,622 |
Other debt securities | 240,896,426 | 141,445,422 | (208,231,373) |
Financial assets delivered as guarantee | 3,168,196 | 13,617,450 | 21,891,411 |
Equity Instruments at fair value through profit or loss | (409,343) | 20,321,483 | 24,843,827 |
Other assets | 16,509,607 | 30,914,031 | (44,393,694) |
Deposits | |||
Non-financial public sector | (59,863,185) | 261,496 | (331,436,522) |
Financial sector | 15,036,470 | (681,632) | (545,874) |
Non-financial private sector and foreign residents | (1,288,083,427) | 462,405,962 | (571,024,821) |
Liabilities at fair value through profit or loss | (8,159,156) | (8,235,747) | 9,873,835 |
Derivative financial instruments | (5,748,073) | (7,979) | 13,253 |
Repo transactions | 23,601,328 | (5,663,723) | |
Other liabilities | (82,864,800) | 15,668,619 | (36,227,516) |
Income tax payments | (26,544,392) | (8,377,713) | (67,120,479) |
Total cash from operating activities (A) | (85,229,087) | 1,612,249,218 | 271,768,205 |
Cash flows from investing activities | |||
Acquisition of PPE, intangible assets and other assets | (57,073,159) | (75,754,316) | (41,809,798) |
Obtaining control of subsidiaries or other businesses | (21,956,493) | (216,271) | |
Other payments related to investing activities | (622,770) | (11,893) | |
Other collections related to investing activities | 160,975,229 | ||
Total cash used in investing activities (B) | 81,322,807 | (75,766,209) | (42,026,069) |
Payments: | |||
Dividends | (179,680) | (59,462,558) | |
Non-subordinated corporate bonds | (4,877,812) | (15,870,950) | (24,808,397) |
Financing from local financial entities | (4,816,892) | ||
Subordinated corporate bonds | (12,943,001) | (14,493,132) | (18,282,715) |
Other payments related to financing activities | (3,935,538) | (3,230,323) | (4,735,526) |
Collections / Incomes: | |||
Non-subordinated corporate bonds | 29,477,155 | 9,185,164 | |
Financing from local financial entities | (7,598,036) | 6,085,830 | |
Total cash used in financing activities (C) | (56,912) | (77,785,969) | (52,643,530) |
Effect of exchange rate fluctuations (D) | 909,268,594 | 393,367,215 | 164,337,260 |
Monetary effect on cash and cash equivalents (E) | (1,856,159,506) | (1,396,781,916) | (874,986,242) |
Net (decrease) / increase in cash and cash equivalents (A+B+C+D+E) | (950,854,104) | 455,282,339 | (533,550,376) |
Cash and cash equivalents at the beginning of the fiscal year | 2,335,331,915 | 1,880,049,576 | 2,413,599,952 |
Cash and cash equivalents at the end of the fiscal year | $ 1,384,477,811 | $ 2,335,331,915 | $ 1,880,049,576 |
Corporate Information
Corporate Information | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Corporate Information | 1. CORPORATE INFORMATION Banco Macro SA (hereinafter, the Bank) is a stock corporation ( sociedad anónima The Bank offers traditional banking products and services to companies, including those companies operating in regional economies as well as to individuals, thus strengthening its goal to be a multiservice bank. In addition, through its subsidiaries, the Bank performs transactions as a trustee agent, manager and administrator of mutual funds and renders stock exchange services, electronic payment services and granting of guarantees. Macro Compañía Financiera SA was created in 1977, as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial bank and was incorporated as Banco Macro SA. Subsequently, as a result of the merger process with other entities, it adopted other names (among them, Banco Macro Bansud SA) and since August 2006, Banco Macro SA. The Bank’s shares have been publicly listed on Bolsas y Mercados Argentinos (BYMA) since November 1994; and as from March 24, 2006 they are listed on the New York Stock Exchange (NYSE). Additionally, on October 15, 2015, they were authorized to be listed on the Mercado Abierto Electrónico SA (MAE). Since 1994, Banco Macro SA’s market strategy has mainly focused on the regional areas outside CABA. Following this strategy, in 1996, Banco Macro SA started the process to acquire entities and assets and liabilities during the privatization of provincial and other banks. During 2023, 2022, 2021 and 2020, the Bank in conjunction with other entities of the argentine financial system made contributions in the company Play Digital SA for a total amount of 977,225 (not restated), reaching an equity interest of 9.4543%. The company’s purpose is to develop and market a payment solution linked to bank accounts held by financial system users in order to bring significant improvement to their payment experience. On May 18, 2023, Banco Macro SA acquired 100% of Macro Agro SAU (formerly known as ) Additionally, on November 2, 2023, the Board of Directors of the Central Bank of Argentina (BCRA), authorized the acquisition of 100% of the capital stock of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores SA. For further information see also Note 14. These consolidated Financial Statements for the year ended December 31, 2023 were authorized for issue by the Management on April 2 9 |
Operations of the Bank
Operations of the Bank | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Operations of the Bank | 2. OPERATIONS OF THE BANK 2.1 Agreement with the Misiones Provincial Government The Bank and the Misiones Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a five-year term since January 1, 1996, as the Provincial Government’s exclusive financial agent as well as revenue collection and obligation payment agent. On November 25, 1999, December 28, 2006 and October 1, 2018, extensions to such agreement were agreed upon, making it currently effective through December 31, 2029. As of December 31, 2023 and 2022, the deposits held by the Misiones Provincial Government with the Bank amounted to 45,827,616 and 66,333,468 (including 5,213,814 and 5,031,694 related to court deposits), respectively. 2.2 Agreement with the Salta Provincial Government The Bank and the Salta Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since March 1, 1996, as the Provincial Government’s exclusive financial agent as well as revenue collection and obligation payment agent. On February 22, 2005, and August 22, 2014, extensions to such agreements were agreed upon, making it currently effective through February 28, 2026. As of December 31, 2023 and 2022, the deposits held by the Salta Provincial Government with the Bank amounted to 65,930,128 and 107,468,621 (including 8,782,304 and 10,764,824, related to court deposits), respectively. 2.3 Agreement with the Jujuy Provincial Government The Bank and the Jujuy Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since January 12, 1998, as the Provincial Government’s exclusive financial agent as well as revenue collection and obligation payment agent. On April 29, 2005 and July 8, 2014, extensions to such agreement were agreed upon, making it currently effective through September 30, 2024. As of December 31, 2023 and 2022, the deposits held by the Jujuy Provincial Government with the Bank amounted to 17,780,194 and 24,217,758 (including 5,497,367 and 6,927,266, related to court deposits), respectively. 2.4 Agreement with the Tucumán Provincial Government The Bank acts as an exclusive financial agent and as revenue collection and obligation payment agent of the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality of Yerba Buena. The services agreements with the Provincial and Municipal Governments are effective through years 2031, 2028 and 2025, respectively. As established in the original agreement, the service agreement with the Municipality of San Miguel de Tucumán was extended until 2028. As of December 31, 2023 and 2022, the deposits held by the Tucumán Provincial Government, the Municipality of San Miguel de Tucumán and the Municipality of Yerba Buena with the Bank amounted to 42,496,491 and 108,008,942 (including 22,563,470 and 28,845,855, related to court deposits), respectively. Additionally, the Bank granted loans to the Tucumán Provincial Government and the Municipalities of San Miguel de Tucumán and Yerba Buena as of December 31, 2023 and 2022 for an amount of 2,278,902 and 1,632,713, respectively. |
Basis for the Preparation of th
Basis for the Preparation of these Financial Statements and Applicable Accounting Standards | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Basis for the Preparation of these Financial Statements and Applicable Accounting Standards | 3. BASIS FOR THE PREPARATION OF THESE FINANCIAL STATEMENTS AND APPLICABLE ACCOUNTING STANDARDS Presentation basis Applicable Accounting Standards These consolidated Financial Statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB). The consolidated Financial Statements of the Bank comprise the Standards and Interpretations adopted by the IASB and includes: • the IFRS; • the International Accounting Standards (IAS); and • the interpretations developed by the IFRS Interpretations Committee (IFRIC) or former IFRIC (SIC). Going concern The Bank’s management has made an assessment of its ability to continue as a going concern and is satisfied that it has the resources to continue in business for the foreseeable future. Furthermore, management is not aware of any material uncertainties that may cast significant doubt on the Bank’s ability to continue as a going concern. Therefore, these consolidated Financial Statements continue to be prepared on the going concern basis. Figures expressed in thousands of pesos These consolidated Financial Statements are presented in thousands of Argentine pesos in terms of purchasing power as of December 31, 2023, unless otherwise expressly stated, and are rounded up to the nearest amount in thousands of pesos, except as otherwise indicated (see “Measuring unit” section of this note). Statement of financial position—Disclosure The Bank presents its consolidated statement of financial position in order of liquidity based on the Bank’s intention and perceived ability to recover/settle the majority of assets/liabilities of the corresponding consolidated financial statement line item. An analysis regarding recovery or settlement within 12 months after the reporting date and more than 12 months after the reporting date is disclosed in Note 26. Financial assets and financial liabilities are generally reported in gross figures in the consolidated statement of financial position. They are only offset and reported in net figures when there is a legal and enforceable right to offset such financial assets and liabilities and the Management also intends to settle them on a net basis or to realize assets and settle liabilities simultaneously. These consolidated Financial Statements were prepared on a historical cost basis except for certain financial instruments which were valued at fair value through Other Comprehensive Income (OCI) or at Fair Value through Profit or Loss. For further information see Note 13. In addition, in the case of derivative instruments (Futures and Forwards) both assets and liabilities were valued at Fair Value through Profit or Loss. Comparative information The statement of financial position as of December 31, 2023 is presented comparatively with the immediately preceding fiscal year and the statement of income and other comprehensive income, the statement of changes in shareholders’ equity and the statement of cash flows for the fiscal year ended December 31, 2023, are presented comparatively with those as of December 31, 2022 and 2021. The figures related to comparative information have been restated to consider the changes in the general purchasing power of the functional currency and, as a result, are stated in terms of the current measuring unit at the end of the reporting period (see the following section “Measuring unit”). Measuring unit These consolidated Financial Statements as of December 31, 2023 have been restated for the changes in the general purchasing power of the functional currency (Argentine pesos) of the Bank, as of that date, as established by IAS 29 “Financial Reporting in Hyperinflationary Economies”. According to IFRS, the restatement of Financial Statements is needed when the functional currency is the currency of a hyperinflationary economy. To achieve consistency in identifying an economic environment of that nature, IAS 29 establishes (i) certain nonexclusive qualitative indicators, consisting in analyzing the general population behavior, prices, interest rates and wages with changes in price indexes and the loss of purchasing power, and (ii) as quantitative characteristic, which is the most used condition in practice, to test if a three-year cumulative inflation rate is around 100% or more. Due to miscellaneous macroeconomic factors, the three-year inflation rate exceeded that figure and the Argentine government goals and other available estimates also indicate that this trend will not be reversed in the short term. The restatement was applied as if the economy had always been hyperinflationary, using a general price index that reflects changes in general purchasing power. To apply the restatement, a series of indexes were used, as prepared and published on a monthly basis by the Argentine Federation of Professional Councils of Economic Sciences (FACPCE, for its acronym in Spanish), which combines the consumer price index (CPI) on a monthly basis published by the Argentine Institute of Statistics and Censuses (INDEC, for its acronym in Spanish) since January 2017 (baseline month: December 2016) with the wholesale prices indexes published by the INDEC until that date. For the months of November and December 2015, for which the INDEC did not publish the wholesale price index (WPI) variation, the CPI variation for CABA was used. Considering the abovementioned indexes, the inflation rate was 211.41% and 94.79% for the fiscal years ended on December 31, 2023 and 2022, respectively. Below is a description of the restatement mechanism provided by IAS 29 “Financial Reporting in Hyperinflationary Economies”: Description of the main aspects of the restatement process for statements of financial position (i) Monetary items (the ones that are already stated in terms of the current measuring unit) are not restated because they are already expressed in terms of the monetary unit current at the end of the reporting period. In an inflationary period, an entity holding monetary assets generates purchasing power loss and holding monetary liabilities generates purchasing power gain, provided that the assets and liabilities are not linked to an adjustment mechanism that offsets to some extent such effects. The net gain or loss on a monetary basis is included in profit or loss for the fiscal year. (ii) Assets and liabilities subject to adjustments based on specific agreements are adjusted in accordance with such agreements. (iii) Non-monetary items stated at current cost at the end of the reporting period, are not restated for presentation purposes in the statement of financial position, but the adjustment process must be completed to determine, in terms of constant measurement unit, the income or loss produced by holding these non-monetary items. (iv) Non-monetary items carried at historical cost or at current cost at some earlier date before the reporting date, are restated by an index that reflects the general level of price variation from the acquisition or revaluation date to the closing date, proceeding then to compare the restated amounts of those assets with their recoverable amounts. Income or loss for the fiscal year related to depreciation of property, plant and equipment and amortization of Intangible Assets and other non-monetary assets cost are determined over the new restated amounts. (v) When an entity capitalizes borrowing cost in the non-monetary assets, the part of the borrowing cost that compensates for the inflation during the same fiscal year is not capitalized. (vi) The restatement of non-monetary assets in terms of a current measurement unit at the end of the reporting period, without an equivalent adjustment for tax purposes generates a taxable temporary difference and a deferred income tax liability is recognized and the contra account is recognized as profit or loss for the fiscal year. When, beyond the restatement, there is a revaluation of non-monetary assets, the deferred tax related to the restatement is recognized in profit or loss for the fiscal year and deferred tax related to the revaluation is recognized in other comprehensive income for the fiscal year. Description of the main aspects of the restatement process for statements of income and other comprehensive income (i) Income and expenses are restated from the date the items were recorded, except for those income or loss items that reflect or include, in their determination, the consumption of assets measured at the currency purchasing power from a date prior to that which the consumption was recorded, which is restated using as a basis the acquisition date of the assets related to the item, except for income or losses arising from comparing the two measurements at currency purchasing power of different dates, for which it requires to identify the compared amounts, to restate them separately and to repeat the comparison, with the restated amounts. (ii) The gain or loss from monetary position will be classified based on the item that generated it and will be separately disclosed reflecting the inflationary effects over such items. Description of the main aspects of the restatement process for the statements of changes in shareholders’ equity (i) All equity’s components are restated by applying a general price index, as mentioned before, from the beginning of the fiscal year, and each variation of those components is restated from the contribution date or from the moment it was produced by any other way. The inflation adjustment related to “Capital stock” and “Additional paid-in capital” is accumulated in “Adjustment to shareholders’ equity”. (ii) Other comprehensive income generated after the transition date are presented in terms of the measuring unit current at the end of the reporting period. Description of the main aspects of the restatement process for the statement of cash flows (i) All items are restated in terms of the measuring unit current at the end of the reporting period. (ii) The monetary gain or losses generated by cash and cash equivalents are separately disclosed in the statement of cash flows after the cash flow from operating investment activities and financing activities, in a separate and independent line, under the description “Monetary effect on cash and cash equivalents”. Consequently, the application of IAS 29 results in an adjustment for the loss of purchasing power of the Argentine peso recorded in the consolidated statement of income as a loss on the net monetary position. In a period of inflation, as the Bank holds an excess of monetary assets over monetary liabilities, it loses purchasing power, which results in a loss on the net monetary position. This loss is derived as the difference resulting from the restatement of non-monetary assets and liabilities, equity and items in the consolidated statement of comprehensive income. Basis for consolidation These consolidated Financial Statements include the Financial Statements of the Bank and its controlled entities as of December 31, 2023. Subsidiaries are all the entities controlled by the Bank. The Bank controls another entity when it is exposed, or has rights, to variable returns from its continuing involvement with such other entity, and has the ability to use its power to direct the operating and financing policies of such other entity, to affect the amounts of such returns. This generally happens when there is a shareholding of more than half of its shares having voting rights. Notwithstanding the above, under certain particular circumstances, the Bank may still have control with less than a 50% interest or may not have the control even if it holds more than half of the shares of such other entity. Upon evaluating whether it has power over the controlled entity, and therefore controls the variation of its returns, the Bank shall consider all relevant facts and circumstances, including: • The purpose and design of the controlled entity. • What the relevant activities are and how decisions about those activities are made and whether the Bank has the ability to direct such relevant activities. • Contractual arrangements such as call rights, put rights and liquidation rights. • Whether the Bank is exposed, or has rights, to variable returns from its involvement with such controlled entity, and whether the Bank has the ability to use its power over the controlled entity to affect the amount of the Bank’s returns. The structured entities have been designed to reach a specific business goal and for voting or similar rights not to be the dominant factor in deciding who controls the entity, such as when any voting rights are related to the administrative tasks only and the relevant activities are directed by means of contractual agreements. Controlled entities are completely consolidated since the date of the effective transfer of the control over them to the Bank and consolidation ceases when the Bank loses control over the subsidiaries. These consolidated Financial Statements include the assets, liabilities, income and each component of other comprehensive income of the Bank and its controlled entities. Transactions between consolidated entities are completely eliminated. Changes in a parent’s ownership interest in a controlled entity that do not result in the parent losing control of the subsidiary are equity transactions. However, if a parent company loses control of a subsidiary, it shall derecognize the assets (including any goodwill) and liabilities of the subsidiary, any non-controlling interests in the former subsidiary and other capital components, while any profit or loss derived from the transaction, event or circumstances that resulted in the loss of control shall be recognized as in profit or loss, and any investment retained in the former subsidiary shall be recognized at its fair value on the date control is lost. The Financial Statements of the controlled entities have been prepared as of the same dates and for the same accounting periods as those of the Bank, using uniform accounting policies consistent with those applied by the Bank. If necessary, adjustments shall be made to the Financial Statements of the subsidiaries so that the accounting policies used by the group are uniform. The Bank considers the Argentine peso as its functional and presentation currency. To such effect, before consolidation, the Financial Statements of its subsidiary Macro Bank Limited, originally stated in US dollars, were translated to pesos (presentation currency) using the following method and applying the inflation adjustment above explained in section “Measuring unit” of this note: a) Assets and liabilities were converted at the reference exchange rate of the BCRA, in force for US dollars at the closing of business on the last business day of each year. b) Figures related to the owners’ contributions (capital stock, non-capital Contributions and irrevocable capital contributions) were translated applying the effective exchange rates as of the date on which such contributions were paid in. c) Income for the fiscal years ended December 31, 2023, 2022 and 2021, were translated into pesos on a monthly basis, using the monthly average of the reference exchange rate of the BCRA. d) Foreign currency translation differences arising as a result of the preceding paragraphs are recognized as a separate component within the Shareholders’ Equity account reporting them in the statement of other comprehensive income, which is called “Foreign currency translation differences in Financial Statements conversion”. On the other hand, non-controlling interests represent the portion of income and equity not directly or indirectly attributable to the Bank. In these consolidated Financial Statements they are disclosed as a separate line in the statement of financial position, the statement of income, the statement of other comprehensive income and the statement of changes in shareholders’ equity. The Bank has consolidated into its Financial Statements the Financial Statements of the following companies: Subsidiaries Principal place of business Country Main activity Macro Securities SAU (1) Ave. Eduardo Madero 1182 - CABA Argentina Stock exchange services Macro Fiducia SAU Ave. Eduardo Madero 1182 - 2nd floor - CABA Argentina Services Macro Fondos SGFCISA Ave. Eduardo Madero 1182 - 24th floor, Office B - CABA Argentina Management and administration of mutual funds Macro Bank Limited (2) Caves Village, Building 8 Office 1 - West Bay St., Nassau Bahamas Banking entity Argenpay SAU Ave. Eduardo Madero 1182 - CABA Argentina Electronic payment services Fintech SGR (Structured entity) San Martín 140 - 2nd floor - CABA Argentina Granting of guarantees Macro Agro SAU (3) Santa Fe 1219 - 4th floor - Rosario, Santa Fe Argentina Grain Brokerage Banco BMA SAU (4) Ave. Eduardo Madero 1182 – 9th floor – CABA Argentina Financial entity BMA Asset Management SA Ave. Eduardo Madero 1182 – 2nd floor – CABA Argentina Management and administration of mutual funds BMA Valores SA Ave. Eduardo Madero 1182 – 2nd floor – CABA Argentina Stock exchange services (1) Consolidated with Macro Fondos SGFCISA ( 80.90 (2) Consolidated with Sud Asesores (ROU) SA (100% voting rights – Equity interest: 66,496). (3) Consolidated with the Bank since May 2023, as control was obtained in such month (see Note 14 (4) Consolidated with the Bank since November 2023. Additionally, Banco BMA SAU consolidates As of December 31, 2023 and 2022, the Bank’s interest in the companies it consolidates is as follows: • As of December 31, 2023: Subsidiaries Shares Bank’s interest Non-controlling interest Type Number Total capital Voting Total capital Voting Macro Securities SAU Common 12,885,683 100.00 % 100.00 % Macro Fiducia SAU Common 47,387,236 100.00 % 100.00 % Macro Fondos SGFCISA Common 327,183 100.00 % 100.00 % Macro Bank Limited Common 39,816,899 100.00 % 100.00 % Argenpay SAU Common 1,001,200,000 100.00 % 100.00 % Subsidiaries (contd.) Shares Bank’s interest Non-controlling interest Type Number Total capital Voting Total capital Voting Fintech SGR (Structured entity) Common 119,993 24.999 % 24.999 % 75.001 % 75.001 % Macro Agro SAU (1) Common 615,519 100.00 % 100.00 % Banco BMA SAU (2) Common 729,166,165 100.00 % 100.00 % Preferred 14,565,089 100.00 % BMA Asset Management SA (2) Common 91,950 100.00 % 100.00 % BMA Valores SA (2) Common 52,419,500 100.00 % 100.00 % (1) Interest acquired in May 2023 (see Note 14). (2) Interest acquired in November 2023 (see Note 14). • As of December 31, 2022: Subsidiaries Shares Bank’s interest Non-controlling interest Type Number Total capital Voting Total capital Voting Macro Securities SAU Common 12,885,683 100.00 % 100.00 % Macro Fiducia SAU Common 47,387,236 100.00 % 100.00 % Macro Fondos SGFCISA Common 327,183 100.00 % 100.00 % Macro Bank Limited Common 39,816,899 100.00 % 100.00 % Argenpay SAU Common 341,200,000 100.00 % 100.00 % Fintech SGR (Structured entity) Common 119,993 24.999 % 24.999 % 75.001 % 75.001 % Total assets, liabilities and Shareholders’ equity of the Bank and all its subsidiaries as of December 31, 2023 and 2022 are as follows: Entity Balances as of 12/31/2023 Assets Liabilities Equity Equity attributable Banco Macro SA 5,850,672,381 3,807,113,218 2,043,559,163 Macro Bank Limited 96,913,028 69,534,634 27,378,394 Macro Securities SAU (1) 172,108,267 114,694,224 57,414,043 Macro Fiducia SAU 650,856 47,660 603,196 Argenpay SAU 15,211,804 8,272,716 6,939,088 Fintech SGR 16,775,841 16,154,667 155,287 465,887 Macro Agro SAU 24,091,214 23,317,522 773,692 Banco BMA SAU 879,489,639 667,129,219 212,360,420 Eliminations (337,701,919 ) (32,077,799 ) (305,624,120 ) Consolidated 6,718,211,111 4,674,186,061 2,043,559,163 465,887 (1) Includes the balance amounts of its subsidiary Macro Fondos SGFCISA. Entity Balances as of 12/31/2022 Assets Liabilities Equity Equity attributable to non-controlling Banco Macro SA 6,407,372,878 4,812,516,739 1,594,856,139 Macro Bank Limited 50,000,623 34,556,345 15,444,278 Macro Securities SAU (1) 105,632,053 72,940,995 31,113,783 Macro Fiducia SAU 615,622 15,338 600,284 Argenpay SAU 7,893,951 4,976,502 2,917,449 Fintech SGR 16,539,693 16,188,045 351,648 263,735 Eliminations (79,260,886 ) (27,519,904 ) (50,427,442 ) Consolidated 6,508,793,934 4,913,674,060 1,594,856,139 263,735 (1) Includes the balance amounts of its subsidiary Macro Fondos SGFCISA. The Bank’s Management considers there are no other companies or structured entities to be included in the consolidated Financial Statements as of December 31, 2023. Summary of accounting policies Below there is a description of the principal valuation and disclosure criteria used for the preparation of these consolidated Financial Statements as December 31, 2023: 3.1 Assets and liabilities denominated in foreign currency The Bank considers the Argentine Peso as its functional and presentation currency. The assets and liabilities denominated in foreign currency, mainly in US dollars, were valued at BCRA benchmark US dollar exchange rate effective as of the closing date of transactions on the last business day of each fiscal year. Additionally, assets and liabilities denominated in other foreign currencies were translated at the repo exchange rate in US dollars communicated by the BCRA’s dealing room. Foreign exchange differences were recorded in the related Statements of income as “Difference in quoted prices of gold and foreign currency”. 3.2 Financial Instruments Initial Recognition and Measurement The Bank recognizes a financial instrument when it becomes party to the contractual provisions thereof. The purchase and sale of financial assets requiring the delivery of assets within the term generally established by the rules and regulations or the market conditions are recorded on the transaction’s trading date, i.e. on the date the Bank undertakes to acquire or sell the relevant asset. At initial recognition, the financial assets and liabilities were recognized at fair value. Those financial assets and liabilities not recognized at fair value through profit or loss, were recognized at fair value adjusted for transaction costs directly attributable to the acquisition or issue of the financial asset or liability. At initial recognition, the fair value of a financial instrument is generally the transaction price. Nevertheless, if part of the consideration received or paid is for something other than the financial instrument, the Bank estimates the fair value of the financial instrument. If the fair value is based on a valuation technique that uses only data from observable markets, the Bank shall recognize the difference between fair value at the initial recognition and the transaction price as gain or loss. When the fair value is based on a valuation technique that uses data from non-observable markets, the Bank shall recognize that deferred difference in profit or loss only to the extent that it arises from a change in a factor (including time) that market participants would take into account when pricing the asset or liability, or when the instrument is derecognized. Finally, in the normal course of business, the Bank arranges repo transactions. According to IFRS 9, assets involved in repurchase and reverse repurchase transactions and received from or delivered to third parties, respectively, do not qualify to be recognized or derecognized, respectively (see Note 7). Subsequent measurement – Business Model The Bank established three categories for the classification and measurement of its debt instruments, in accordance with the Bank’s business model to manage them and the contractual cash flow characteristics thereof: • At amortized cost: the objective of the business model is to hold financial assets in order to collect contractual cash flows. • At fair value through other comprehensive income: the objective of the business model is both collecting the contractual cash flows of the financial asset and/or of those derived from the sale of the financial asset. • At fair value from profit or loss: the objective of the business model is generating income derived from the purchase and sale of financial assets. Therefore, the Bank measures its financial assets at fair value, except for those that meet the following two conditions and are measured at amortized cost: • The financial assets are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows. • The contractual terms of the financial asset give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Bank’s business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. The business model is not assessed on an instrument-by-instrument approach, but it should rather be determined on a higher level of aggregation and is based on observable factors such as: • How the performance of the business model and the financial assets held within that business model are evaluated and reported to the Bank’s key management personnel. • The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way in which those risks are managed. • The expected frequency, value, timing and reasons of sales are also important aspects. The assessment of the business model is performed on the basis of scenarios that the Bank reasonably expects to occur, without taking into account the scenarios such as the so-called ‘worst case’ or ‘stress case’ scenarios. If after the initial recognition cash flows are realized in a way that is different from the Bank’s expectations, the classification of the remaining financial assets held in that business model does not change, but it rather considers all relevant information to assess the newly originated or newly purchased financial assets. Test of solely payments of principal and interest (the SPPI test) As part of the classification process, the Bank assessed the contractual terms of its financial assets in order to determine if such financial instruments give rise to cash flows on specific dates which are solely payments of principal and interest on the principal amount outstanding. For the purposes of this assessment, “principal” is defined as the fair value of the financial asset at initial recognition, provided such amount may change over the life of the financial instrument, for example, if there are repayments of principal or premium amortization or discount. The most significant elements of interest within a loan agreement are typically the consideration for the time value of money and credit risk. For the SPPI test, the Bank applies judgment and considers relevant factors such as the currency in which the financial asset is denominated and the period for which the interest rate is set. However, contractual terms that introduce exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. In such cases, financial assets are required to be measured at fair value through profit or loss. Therefore, the financial assets were classified pursuant to the above expressed as “Financial assets at fair value through profit or loss”, “Financial assets at fair value through other comprehensive income” or “Financial assets at amortized cost”. Such classification is disclosed in Note 13. • Financial assets and liabilities at fair value through profit or loss This category presents two subcategories: financial assets at fair value held for trading and financial assets initially designated at fair value by the Management or under section 6.7.1. of IFRS 9. The Bank’s Management has not designated, at the beginning, financial assets at fair value through profit or loss. The Bank classifies the financial assets as held for trading when they have been acquired or incurred principally for the purpose of selling or repurchasing them in the short term or when they are part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Financial assets and liabilities at fair value through profit or loss are recognized at fair value in the consolidated statement of financial position. Changes in fair value are recognized under the item “Net gain from measurement of financial instruments at fair value through profit or loss” in the consolidated statement of income, as well as interest income or expenses and dividends pursuant to the contractual terms and conditions, or when the right to receive payment of the dividend is established. The fair value estimation is explained in detail in section “Accounting judgments, estimates and assumptions” of this note, and Note 13 describes the valuation process of financial instruments at fair value. • Financial assets at fair value through other comprehensive income (OCI) A financial asset shall be measured at fair value through other comprehensive income if (i) the financial instrument is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and (ii) the contractual terms of the financial asset meet the determination that cash flows are solely payments of principal and interest on the principal amount outstanding. Debt instruments at fair value through other comprehensive income are recognized in the consolidated statement of financial position at fair value. Profit and loss derived from changes in fair value are recognized in the consolidated statement of other comprehensive income as “Net gain from financial instruments measured at fair value through other comprehensive income”. Interest income (calculated by the “effective interest method”, which is explained in the following section), profit and loss from translation differences and impairment are recognized in the consolidated statement of income in the same manner as for financial assets measured at amortized cost and are disclosed as “Interest income”, “Differences in quoted prices of gold and foreign currency” and “Credit loss expense on financial assets”, respectively. When the Bank has more than one investment on the same security, it must be considered that they shall be disclosed using the first-in first-out costing method. On derecognition, accumulated gains and losses previously recognized in OCI are reclassified to profit or loss. • Financial assets at amortized cost – Effective interest method They represent financial assets held in order to collect contractual cash flows and the contractual terms of which give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. After initial recognition, these financial assets are recognized in the consolidated statement of financial position at amortized cost using the effective interest method, less a loss allowance for expected credit losses (ECL). Interest income and impairment are disclosed in the consolidated statement of income as “Interest income” and “Credit loss expense on financial assets”, respectively. Changes in the allowance for ECL are presented in Note 9. The effective interest method uses the rate that allows the discount of estimated future cash payments or receipts through the expected life of the financial instrument or lesser term, if applicable, to the net carrying amount of such financial instrument. When applying this method, the Bank identifies points paid or received, fees, premiums, discounts and transaction costs, incremental and direct costs as an integral part of the effective interest rate (hereinafter, EIR). For such purposes, interest is the consideration for the time value of money and for the credit risk associated with the amount of principal outstanding during a specific period of time. When a financial asset becomes credit-impaired (as set out in Note 3.2.4) and is therefore regarded a ‘Stage 3’, the Bank calculates interest income by applying the effective interest method to the net amortized cost of the financial asset. If the financial asset cures (as outlined in Note 3.2.4) and is no longer credit-impaired, the Bank reverts to calculating interest income on a gross basis. 3.2.1 Cash and deposits in banks They were valued at their nominal value plus the relevant accrued interest, if applicable. Accrued interests were allocated |
Contingent Transactions
Contingent Transactions | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Contingent Transactions | 4. CONTINGENT TRANSACTIONS In order to meet specific financial needs of customers, the Bank’s credit policy also includes, among others, the granting of guarantees, securities, bonds, letters of credit and documentary credits. The Bank is also exposed to overdrafts and unused agreed credits on credit cards of the Bank. Since they imply a contingent obligation for the Bank, they expose the Bank to credit risks other than those recognized in the Statement of financial position and, therefore, they are an integral part of the total risk of the Bank. As of December 31, 2023 and 2022, the Bank maintains the following maximum exposures to credit risk related to this type of transactions: Composition 12/31/2023 12/31/2022 Undrawn commitments of credit cards and checking accounts 1,384,680,279 2,083,040,564 Guarantees granted 185,041,419 22,448,824 Responsibilities for foreign trade operations 40,110,366 Overdraft and unused agreed commitments 36,582,600 1,909,845 Subtotal 1,646,414,664 2,107,399,233 Less: Allowance for ECL (2,176,655 ) (2,403,512 ) Total 1,644,238,009 2,104,995,721 Disclosures related to the allowance for ECL are detailed in item 9.5 of Note 9 “Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss”. Risks related to the contingent transactions described above have been evaluated and are controlled within the framework of the Bank’s credit risk policy, as described in Note 52. |
Debt Securities at Fair Value T
Debt Securities at Fair Value Through Profit Or Loss | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Debt Securities at Fair Value Through Profit Or Loss | 5. DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS The following table shows the Bank’s holdings of debt securities at fair value through profit or loss as of December 31, 2023 and 2022: Name Holdings 12/31/2023 12/31/2022 Fair value Book amounts Book amounts DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS - Local Government securities Argentine government discount bonds in dual currency - Maturity: 08-30-2024 1 821,881,169 Argentine government discount bonds in dual currency - Maturity: 04-30-2024 1 322,820,204 Argentine government discount bonds in dual currency - Maturity: 02-28-2024 1 241,101,548 35,737,886 Argentine government Treasury bonds tied to the US dollar - Maturity: 04-30-2024 1 190,164,513 255,881 Argentine government discount bonds in dual currency - Maturity: 06-30-2024 1 102,371,616 Neuquén government Treasury bills S01 C01 - Maturity: 04-19-2026 2 9,168,242 Argentine government Treasury bonds in pesos adjusted by CER 4.25 1 5,985,638 Autonomous City of Buenos Aires bonds 7.5 2 5,238,009 4,677,694 Argentine government US dollar step-up bonds - Maturity: 07-09-2030 1 2,381,340 1,448,053 Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 11-09-2026 1 2,365,081 3,924,708 Other 10,165,716 591,822,080 Subtotal local government securities (1) 1,713,643,076 637,866,302 Name Holdings 12/31/2023 12/31/2022 Fair value Book amounts Book amounts DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (continued) - Local Private securities Corporate bonds YPF SA C025 - Maturity: 02-13-2026 1 10,228,522 Corporate bonds Pampa Energía SA CL. I - Maturity: 01-24-2027 2 3,491,351 1,842,764 Corporate bonds Genneia SA C031 - Maturity: 09-02-2027 1 2,930,261 4,140,470 Corporate bonds Transportadora de Gas del Sur SA C002 - Maturity: 05-02-2025 1 1,983,861 2,204,865 Corporate bonds YPF SA C39 - Maturity: 07-28-2025 1 1,767,458 Corporate bonds Coemision Gemsa and CTR C021 - Maturity: 04-17-2025 1 1,740,002 Corporate bonds Telecom Argentina SA C005 - Maturity: 08-06-2025 1 1,517,696 215,036 Corporate bonds YPF SA C002 - Maturity: 07-25-2026 2 1,279,846 Corporate bonds Capex SA C005 - Maturity: 08-25-2028 1 1,169,504 Corporate bonds Telecom Argentina SA C001 - Maturity: 07-18-2026 1 1,065,260 861,210 Other 5,617,494 10,107,998 Subtotal local private securities (2) 32,791,255 19,372,343 - Foreign Government securities US Treasury bills - Maturity: 06-27-2024 1 3,153,777 US Treasury bills - Maturity: 10-31-2024 1 2,331,621 US Treasury bills - Maturity: 08-08-2024 1 194,108 Subtotal foreign government securities 5,679,506 TOTAL DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS 1,752,113,837 657,238,645 (1) In March and June 2023, the Bank entered into voluntary debt exchange under the terms of section 11, Presidential Decree No. 331/2022 issued by the Ministry of Economy. The securities involved in such exchange transactions were as follows: • Argentine government Treasury bills in pesos adjusted by CER – Maturity: 05-19-2023 (X19Y3) for a face value of 1,145,882,575. • Argentine government discount bonds in dual currency – Maturity: 07-21-2023 (TDL23) for a face value of 344,498,105. • Argentine government discount Treasury bills in pesos – Maturity: 05-31-2023 (S31Y3) for a face value of 295,000,000. • Argentine government discount Treasury bills in pesos – Maturity: 04-28-2023 (S28A3) for a face value of 210,000,000. • Argentine government discount Treasury bills in pesos – Maturity: 03-31-2023 (S31M3) for a face value of 200,000,000. • Argentine government Treasury bills in pesos adjusted by CER – Maturity: 06-16-2023 (X16J3) for a face value of 159,305,395. • Argentine government discount bonds in dual currency – Maturity: 09-29-2023 (TDS23) for a face value of 120,244,752. • Argentine government Treasury bonds tied to the US dollar - Maturity: 07-31-2023 (T2V3) for a face value of 3,000,000. Additionally, with almost all the instruments received, the Bank acquired put options with the BCRA. These options give the Bank the opportunity to sell (put option) the underlying asset at a value determined by the applicable BCRA regulations. In this transaction, the options could be exercised up to one day before the maturity of the underlying instrument. Considering the terms and conditions of these put options established by the BCRA, they are considered “out of the money” with fair value amounted to zero. As of December 31, 2023, their notional value In January and February 2024 the following put options were exercised: • Argentine government discount bonds in dual currency - Maturity: 08-30-2024 (TDG24) for a face value of 1,033,387,454. • Argentine government discount bonds in dual currency - Maturity: 04-30-2024 (TDA24) for a face value of 416,431,788. • Argentine government Treasury bonds tied to the US dollar 0.40 • Argentine government discount bonds in dual currency - Maturity: 06-30-2024 (TDJ24) for a face value of 113,500,000. (2) In July 2023, the Bank decided to enter into an exchange |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Derivative Financial Instruments | 6. DERIVATIVE FINANCIAL INSTRUMENTS The Bank performs derivative transactions for trading purposes through Futures and Forwards. These are contractual agreements to buy or sell a specific financial instrument at a given price and a fixed date in the future. Future contracts, in turn, correspond to transactions for standardized amounts, executed in a regulated market and subject to daily cash margin requirements. Forward contracts are customized contracts traded on an over-the-counter market. The main differences in risks associated with these types of contracts are the credit risk and the liquidity risk. In forward contracts there is counterparty risk since the Bank has credit exposure to counterparties of the agreements. The credit risk related to futures contracts is deemed very low because daily cash margin requirements help guarantee these contracts are always fulfilled. In addition, forward contracts are generally settled in gross terms and, therefore, they are deemed to have a higher settlement risk than future contracts that, unless they are chosen to be performed by delivery, are settled on a net basis. Both types of contracts expose the Bank to market risk. See in addition Notes 5 and 10. At the beginning, derivatives often imply only a mutual exchange of promises with little or no investment. Nevertheless, these instruments frequently imply high levels of leverage and are quite volatile. A relatively small movement in the value of the unde rlyi Notional values indicate the amount of the underlying pending transactions at year end and are not indicative of either the market risk or the credit risk. The fair value of the derivative financial instruments recognized as assets or liabilities in the consolidated statement of financial position is presented as follows. Changes in fair values were accounted for in profit or loss, the breakdown of which is disclosed in Note 34. Derivative financial assets Underlying 12/31/2023 12/31/2022 Notional Fair value Notional Fair value Transactions of foreign currency contract without delivery of underlying asset US dollars 113,653 13,143,270 62,971 133,591 Total derivatives held for trading 113,653 13,143,270 62,971 133,591 Derivative financial liabilities Underlying 12/31/2023 12/31/2022 Notional Fair value Notional Fair value Transactions of foreign currency contract without delivery of underlying asset US dollars 132,179 2,837,879 985 7,382 Total derivatives held for trading 132,179 2,837,879 985 7,382 Derivatives held for trading are generally related to products offered by the Bank to its customers. The Bank shall also take positions expecting to benefit from favorable changes in prices, rates or indexes, i.e. take advantage of the high level of leverage of these contracts to obtain yields, assuming at the same time high market risk. Additionally, they may be held for arbitrage, i.e. to obtain a benefit free of risk for the combination of a derivative product and a portfolio of financial assets, trying to benefit from anomalous situations in the prices of assets in the markets. |
Repurchase Agreements
Repurchase Agreements | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Repo Transactions | 7. REPURCHASE AGREEMENTS Securities sold under agreements to repurchase at a specified future date are not derecognized from the statement of financial position as the Bank retains substantially all of the risks and rewards of ownership. The corresponding cash received is recognized in the consolidated statement of financial position as an asset with a corresponding obligation to return it, including accrued interest as a liability within cash collateral on securities lent and repurchase agreements, reflecting the transaction’s economic substance as a loan to the Bank. The difference between the sale and repurchase prices is treated as interest expense and is accrued over the life of agreement using the effective interest method. When the counterparty has the right to sell or re-pledge the securities, the Bank reclassifies those securities in its statement of financial position to “Financial Assets delivered as guarantee”. Conversely, securities purchased under agreements to resell at a specified future date are not recognized in the statement of financial position. The consideration paid, including accrued interest, is recorded in the statement of financial position, within cash collateral on securities borrowed and reverse repurchase agreements, reflecting the transaction’s economic substance as a loan by the Bank. The difference between the purchase and resale prices is recorded in net interest income and is accrued over the life of the agreement using the effective interest method. If securities purchased under an agreement to resell are subsequently sold to third parties, the obligation to return the securities is recorded in “Liabilities at fair value through profit or loss”. As of December 31, 2023 and 2022, the Bank has repurchase agreements of government and private securities, in absolute value, fo respectively. Maturity of the repurchase agreements as of December 2023 occurred during the month of January 2024. Furthermore, the securities received guarantee repurchase agreements as of December 31, 2023 and 2022, total and , respectively, and were recognized as an off balance sheet transaction, while the amounts delivered that guarantee repurchase agreements as of December 31, 202 s. Profit generated by the Bank as a result of its repurchase agreements arranged during the fiscal years ended on December 31, 2023, 2022 and 2021, total , and 51,779,583 , respectively, and were accounted for in “Interest income” in the consolidated statement of income. In addition, losses generated by the Bank as a result of its repurchase agreements arranged during the fiscal years ended on December 31, 2023, 2022 and 2021 total , and 1,786,842 , respectively, and were recognized as “Interest expense” in the consolidated statement of income. |
Other Financial Assets
Other Financial Assets | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Other Financial Assets | 8. OTHER FINANCIAL ASSETS The composition of the other financial assets as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Sundry debtors (see Note 12) 103,795,538 82,226,448 Receivables from other spot sales pending settlement 69,689,064 31,906,396 Private securities 26,390,995 14,039,085 Receivables from spot sales of foreign currency pending settlement 1,413,273 49,842,133 Receivables from spot sales of government securities pending settlement 93,988 1,521,526 Other 593,807 1,191,593 Subtotal 201,976,665 180,727,181 Less: Allowances for ECL (595,276 ) (283,507 ) Total 201,381,389 180,443,674 Disclosures related to allowance for ECL are detailed in item 9.4 of Note 9 “Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss”. |
Loss Allowance For Expected Cre
Loss Allowance For Expected Credit Losses On Credit Exposures Not Measured At Fair Value Through Profit or Loss | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Loss Allowance For Expected Credit Losses On Credit Exposures Not Measured At Fair Value Through Profit or Loss | 9. LOSS ALLOWANCE FOR EXPECTED CREDIT LOSSES ON CREDIT EXPOSURES NOT MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS The Bank recognizes a loss allowance for expected credit losses on all credit exposures not measured at fair value through profit or loss, like debt instruments measured at amortized cost, debt instruments measured at fair value through other comprehensive income, loan commitments and financial guarantee contracts (not measured at fair value through profit or loss), contract assets and lease receivables. Note 13 discloses financial assets measured at fair value on a recurring basis and financial assets not recognized at fair value. This classification is made pursuant to the expressed in Note 3 “Basis for the preparation of these Financial Statements and applicable accounting standards”. Additionally, Note 13 explains the information related to the valuation process. Moreover, the Bank applies the impairment requirements for guarantees granted, undrawn commitments of credit cards and checking accounts, letter of credits, which are not recognized in the consolidated statement of financial position. This impairment is disclosed in the consolidated statement of income as “Other operating expenses”. For the purpose of assessing the Bank’s credit risk exposure and identifying material credit risk concentration, disclosures regarding credit risk of financial assets and items not recognized in the statement of financial position are as follows. 9.1 Exposure to credit risk According to the nature of the information to be disclosed and the loan characteristics, the Bank groups them as follows (see in addition Note 52.1.4): Composition 12/31/2023 12/31/2022 Loans and other financing 1,887,306,653 1,898,351,483 Individual assessment 438,779,000 339,228,709 Collective assessment 1,448,527,653 1,559,122,774 Less: Allowance for ECL (53,648,800 ) (34,262,639 ) Total 1,833,657,853 1,864,088,844 The following table shows the credit quality and the carrying amount of credit risk, based on the Bank’s credit risk rating system, the probability of default (PD) and the year-end stage classification, taking into account what was mentioned in the previous paragraph. The amounts are presented gross of the impairment allowances. Internal rating grade Range PD 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Performing 1,768,631,793 49,326,689 1,817,958,482 96.32 High grade 0.00 % - 3.50 % 1,656,677,021 17,622,473 1,674,299,494 88.70 Standard grade 3.51 % - 7.00 % 74,319,390 11,096,658 85,416,048 4.53 Sub-standard grade 7.01 % - 33.00 % 37,635,382 20,607,558 58,242,940 3.09 Past due but not impaired (1) 33.01 % - 99.99 % 9,560,270 39,794,513 49,354,783 2.62 Impaired 100 % 19,993,388 19,993,388 1.06 Total 1,778,192,063 89,121,202 19,993,388 1,887,306,653 100 % 94.22 4.72 1.06 100 Internal rating grade Range PD 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Performing 1,808,202,524 39,193,802 1,847,396,326 97.32 High grade 0.00 % - 3.50 % 1,681,921,508 7,681,012 1,689,602,520 89.01 Standard grade 3.51 % - 7.00 % 74,589,458 9,486,644 84,076,102 4.43 Sub-standard grade 7.01 % - 33.00 % 51,691,558 22,026,146 73,717,704 3.88 Past due but not impaired (1) 33.01 % - 99.99 % 11,793,490 23,553,411 35,346,901 1.86 Impaired 100 % 15,608,256 15,608,256 0.82 Total 1,819,996,014 62,747,213 15,608,256 1,898,351,483 100 % 95.87 3.31 0.82 100 (1) It also includes transactions which are more than 5 days past due independently of the PD range assigned. 9.1.1 Loans on an individual assessment The table below shows the credit quality and the debt balance to credit risk of commercial loans by grade on the Bank’s internal credit rating system, PD range and year-end stage classification. The Bank’s internal credit rating systems and the evaluation and measurement approaches are explained in Note 52.1 section “Credit risk”. Internal rating grade Range PD 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Performing 406,896,843 7,097,218 413,994,061 94.35 High grade 0.00 % - 3.50 % 370,890,261 4,272,758 375,163,019 85.50 Standard grade 3.51 % - 7.00 % 20,525,339 1,461 20,526,800 4.68 Sub-standard grade 7.01 % - 33.00 % 15,481,243 2,822,999 18,304,242 4.17 Past due but not impaired 33.01 % - 99.99 % 17,720,066 17,720,066 4.04 Impaired 100 % 7,064,873 7,064,873 1.61 Total 406,896,843 24,817,284 7,064,873 438,779,000 100 % 92.73 5.66 1.61 100 Internal rating grade Range PD 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Performing 326,942,915 8,003,761 334,946,676 98.74 High grade 0.00 % - 3.50 % 305,519,934 3,864,391 309,384,325 91.20 Standard grade 3.51 % - 7.00 % 11,345,135 1,951,825 13,296,960 3.92 Sub-standard grade 7.01 % - 33.00 % 10,077,846 2,187,545 12,265,391 3.62 Past due but not impaired 33.01 % - 99.99 % Impaired 100 % 4,282,033 4,282,033 1.26 Total 326,942,915 8,003,761 4,282,033 339,228,709 100 % 96.38 2.36 1.26 100 An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to lending on an individual assessment is as follows: Stage Total 1 2 3 Gross carrying amount as of January 1, 2023 326,942,915 8,003,761 4,282,033 339,228,709 Assets originated or purchased 649,772,639 21,238,203 671,010,842 Assets derecognized or repaid (176,933,446 ) (2,809,863 ) (179,743,309 ) Variations 28,015,918 6,597,883 10,966,820 45,580,621 Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3 Amounts Written Off (647,847 ) (647,847 ) Monetary effects (420,901,183 ) (11,022,563 ) (4,726,270 ) (436,650,016 ) As of December 31, 2023 406,896,843 24,817,284 7,064,873 438,779,000 Stage Total 1 2 3 Gross carrying amount as of January 1, 2022 489,589,175 28,728,902 4,631,927 522,950,004 Assets originated or purchased 342,707,676 2,859,746 345,567,422 Assets derecognized or repaid (259,247,462 ) (10,856,932 ) (3,298,295 ) (273,402,689 ) Variations 11,783,851 1,501,434 1,877,290 15,162,575 Transfers to Stage 1 77,630 (77,630 ) Transfers to Stage 2 Transfers to Stage 3 (466,878 ) (4,989,188 ) 5,456,066 Amounts Written Off Monetary effects (257,501,077 ) (9,162,571 ) (4,384,955 ) (271,048,603 ) As of December 31, 2022 326,942,915 8,003,761 4,282,033 339,228,709 Stage Total 1 2 3 ECL amount as of January 1, 2023 2,935,963 1,034,229 2,394,551 6,364,743 Assets originated or purchased 6,805,503 13,734,889 20,540,392 Assets derecognized or repaid (1,403,611 ) (1,409,340 ) (2,812,951 ) Variations 12,242 2,519,984 7,869,986 10,402,212 Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3 Amounts Written Off (482,865 ) (482,865 ) Monetary effects (3,692,265 ) (3,704,590 ) (2,817,639 ) (10,214,494 ) As of December 31, 2023 4,657,832 13,584,512 5,554,693 23,797,037 Stage Total 1 2 3 ECL amount as of January 1, 2022 4,039,465 15,234,993 3,750,095 23,024,553 Assets originated or purchased 3,350,170 919,241 4,269,411 Assets derecognized or repaid (1,856,376 ) (6,696,177 ) (2,708,533 ) (11,261,086 ) Variations (216,466 ) (1,606,792 ) 498,343 (1,324,915 ) Transfers to Stage 1 48,467 (48,467 ) Transfers to Stage 2 Transfers to Stage 3 (353,824 ) (3,315,561 ) 3,669,385 Amounts Written Off Monetary effects (2,075,473 ) (3,453,008 ) (2,814,739 ) (8,343,220 ) As of December 31, 2022 2,935,963 1,034,229 2,394,551 6,364,743 9.1.2 Loans on a collective assessment The table below shows the credit quality and the debt balance to credit risk of loans portfolio under collective assessment, by grade of credit risk classification based on the Bank’s internal credit rating system, PD range and year-end stage classification. The Bank’s internal credit rating systems and the evaluation and measurement approaches are explained in Note 52.1 section “Credit risk”. Internal rating grade Range PD 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Performing 1,361,734,950 42,229,471 1,403,964,421 96.93 High grade 0.00 % - 3.50 % 1,285,786,760 13,349,715 1,299,136,475 89.69 Standard grade 3.51 % - 7.00 % 53,794,051 11,095,197 64,889,248 4.48 Sub-standard grade 7.01 % - 33.00 % 22,154,139 17,784,559 39,938,698 2.76 Past due but not impaired (1) 33.01 % - 99.99 % 9,560,270 22,074,447 31,634,717 2.18 Impaired 100 % 12,928,515 12,928,515 0.89 Total 1,371,295,220 64,303,918 12,928,515 1,448,527,653 100 % 94.67 4.44 0.89 100 Internal rating grade Range PD 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Performing 1,481,259,609 31,190,041 1,512,449,650 97.00 High grade 0.00 % - 3.50 % 1,376,401,574 3,816,621 1,380,218,195 88.52 Standard grade 3.51 % - 7.00 % 63,244,323 7,534,819 70,779,142 4.54 Sub-standard grade 7.01 % - 33.00 % 41,613,712 19,838,601 61,452,313 3.94 Past due but not impaired (1) 33.01 % - 99.99 % 11,793,490 23,553,411 35,346,901 2.27 Impaired 100 % 11,326,223 11,326,223 0.73 Total 1,493,053,099 54,743,452 11,326,223 1,559,122,774 100 % 95.76 3.51 0.73 100 (1) It also includes transactions which are more than 5 days past due independently of the PD range assigned. An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to lending on a collective assessment is as follows: Stage Total 1 2 3 Gross carrying amount as of January 1, 2023 1,493,053,099 54,743,452 11,326,223 1,559,122,774 Assets originated or purchased 1,288,196,204 60,456,674 1,348,652,878 Assets derecognized or repaid (264,755,327 ) (7,819,751 ) (1,732,917 ) (274,307,995 ) Variations 396,382,311 11,865,327 13,294,100 421,541,738 Transfers to Stage 1 21,169,524 (20,907,154 ) (262,370 ) Transfers to Stage 2 (41,248,185 ) 41,506,597 (258,412 ) Transfers to Stage 3 (6,764,857 ) (3,434,687 ) 10,199,544 Amounts Written Off (584,285 ) (1,905,495 ) (4,097,034 ) (6,586,814 ) Monetary effects (1,514,153,264 ) (70,201,045 ) (15,540,619 ) (1,599,894,928 ) As of December 31, 2023 1,371,295,220 64,303,918 12,928,515 1,448,527,653 Stage Total 1 2 3 Gross carrying amount as of January 1, 2022 1,601,779,515 55,595,400 15,378,194 1,672,753,109 Assets originated or purchased 898,380,301 26,220,738 924,601,039 Assets derecognized or repaid (300,383,490 ) (9,477,785 ) (3,040,709 ) (312,901,984 ) Variations 301,337,667 8,307,509 889,594 310,534,770 Transfers to Stage 1 19,195,129 (18,802,408 ) (392,721 ) Transfers to Stage 2 (31,409,433 ) 31,958,880 (549,447 ) Transfers to Stage 3 (11,503,191 ) (2,435,405 ) 13,938,596 Amounts Written Off (862,520 ) (1,609,898 ) (6,239,607 ) (8,712,025 ) Monetary effects (983,480,879 ) (35,013,579 ) (8,657,677 ) (1,027,152,135 ) As of December 31, 2022 1,493,053,099 54,743,452 11,326,223 1,559,122,774 Stage Total 1 2 3 ECL amount as of January 1, 2023 13,882,539 5,640,910 8,374,447 27,897,896 Assets originated or purchased 12,741,034 3,750,273 16,491,307 Assets derecognized or repaid (1,748,264 ) (1,046,286 ) (1,282,471 ) (4,077,021 ) Variations 4,045,132 3,699,144 17,195,963 24,940,239 Transfers to Stage 1 1,889,910 (1,700,132 ) (189,778 ) Transfers to Stage 2 (902,282 ) 1,088,669 (186,387 ) Transfers to Stage 3 (192,467 ) (540,494 ) 732,961 Amounts Written Off (52,705 ) (408,452 ) (2,906,858 ) (3,368,015 ) Monetary effects (14,365,446 ) (5,888,448 ) (11,778,749 ) (32,032,643 ) As of December 31, 2023 15,297,451 4,595,184 9,959,128 29,851,763 Stage Total 1 2 3 ECL amount as of January 1, 2022 17,023,541 6,088,536 12,287,981 35,400,058 Assets originated or purchased 15,875,923 2,924,800 18,800,723 Assets derecognized or repaid (3,910,181 ) (1,134,000 ) (2,366,268 ) (7,410,449 ) Variations (1,567,582 ) 2,964,912 4,933,971 6,331,301 Transfers to Stage 1 2,170,916 (1,847,672 ) (323,244 ) Transfers to Stage 2 (661,196 ) 980,554 (319,358 ) Transfers to Stage 3 (5,457,397 ) (434,943 ) 5,892,340 Amounts Written Off (51,899 ) (357,667 ) (5,119,302 ) (5,528,868 ) Monetary effects (9,539,586 ) (3,543,610 ) (6,611,673 ) (19,694,869 ) As of December 31, 2022 13,882,539 5,640,910 8,374,447 27,897,896 Over the course of 202 3 2 The contractual amount outstanding on loans and other financing that have been written off by the Bank as of December 31, 2023 and 2022 that were still subject to enforcement activity was 29,954,761 and 20,246,250, respectively. 9.2 Other debt securities at amortized cost For local government securities, EAD is considered equal to the debt balance, because there is not available information of such instruments’ behavior when they defaulted. For PD and LGD parameters, they were calculated using Basel regulatory parameters, considering also the market value at year end (see N The criterion used to calculate ECL of Financial Trusts and Corporate Bonds is based on the rating granted by risk rating agencies to each debt security type making up the financial trusts or each corporate bond series, respectively. This means that the factor to be used will vary depending on the debt securities holdings (A or B). The EAD is assumed to be equal to the outstanding balance. The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Local government securities and Central Bank of Argentina bills and notes 129,130,464 129,130,464 92.16 Corporate bonds 10,320,213 10,320,213 7.37 Financial trust 665,139 665,139 0.47 Other private securities 144 144 0.00 Total 140,115,816 144 140,115,960 100 % 100 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Local government securities and Central Bank of Argentina bills and notes 1,862,988,325 1,862,988,325 99.78 Corporate bonds 3,235,550 3,235,550 0.17 Financial trust 960,269 960,269 0.05 Total 1,867,184,144 1,867,184,144 100 % 100 100 The related ECL for local government securities and Central Bank of Argentina bills and notes 9.3 Other debt securities at fair value through OCI This group includes local and foreign government securities measured at fair value through OCI. For these assets, an individual assessment of the related parameters was performed. For PD and LGD parameters, they were calculated using Basel regulatory parameters. The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Local government securities 248,113,739 248,113,739 85.06 Foreign government securities 43,575,623 43,575,623 14.94 Total 291,689,362 291,689,362 100 % 100 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Local government securities 406,326,814 406,326,814 94.61 Foreign government securities 23,141,672 23,141,672 5.39 Total 429,468,486 429,468,486 100 % 100 100 The related ECL for local government securities as of December 31, 2023 and 2022 amounted to 55,826 and 90,939, respectively. During 2023 and 2022, there were no transfers between stages. A detail of these investments is disclosed in Note 10. 9.4 Other financial assets The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Other financial assets 175,585,670 175,585,670 100 Total 175,585,670 175,585,670 100 % 100 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Other financial assets 166,688,096 166,688,096 100 Total 166,688,096 166,688,096 100 % 100 100 The ECL related to these types of instruments amounted to 595,276 and 283,507 as of December 31, 2023 and 2022, respectively, including the ECL related to the payments to be collected for the transaction mentioned in Note 12. 9.5 Loans commitment The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Undrawn commitments of credit cards and checking accounts 1,374,006,128 10,671,555 2,596 1,384,680,279 84.14 Guarantees granted 184,387,622 184,387,622 11.20 Responsibilities for foreign trade operations 40,110,366 40,110,366 2.44 Overdraft and unused agreed commitments 36,538,156 32,744 36,570,900 2.22 Total 1,635,042,272 10,704,299 2,596 1,645,749,167 100 % 99.35 0.65 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Undrawn commitments of credit cards and checking accounts 2,049,412,777 33,623,110 4,677 2,083,040,564 98.92 Guarantees granted 22,333,880 22,333,880 1.06 Overdraft and unused agreed commitments 497,588 497,588 0.02 Total 2,072,244,245 33,623,110 4,677 2,105,872,032 100 % 98.40 1.60 100 The related ECL for undrawn commitments of credit cards and checking accounts as of December 31, 2023 and 2022 amounted to 1,465,201 and 2,261,759, respectively. The ECL related to guarantees granted as of December 31, 2023 and 2022 amounted to 668,613 and 141,526, respectively. The ECL related to overdraft and unused agreed commitments as of December 31, 2023 and 2022 amounted to 42,841 and For undrawn commitments of credit cards and checking accounts, during 2023 there were transfers of the carrying amounts to Stage 1, Stage 2 and Stage 3 for an amount of 12,817,064, (12,819,013 ) respectively, and there were transfers of the ECL to Stage 1, Stage 2 and Stage 3 for an amount of respectively. For undrawn commitments of credit cards and checking accounts, during 2022 there were transfers of the carrying amounts to Stage 1, Stage 2 and Stage 3 for an amount of (18,217,967), 18,041,458 and 176,509, respectively, and there were transfers of the ECL to Stage 1, Stage 2 and Stage 3 for an amount of 154,592, (155,287) and 788, respectively. For the other items, there were no transfers between stages during 2023 and 2022. |
Other Debt Securities
Other Debt Securities | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Other Debt Securities | 10. OTHER DEBT SECURITIES The following table shows the Bank’s holdings of other debt securities, net of the impairment allowances, as of December 31, 2023 and 2022: Name Holdings 12/31/2023 12/31/2022 Fair value Book amounts Book amounts OTHER DEBT SECURITIES Measured at fair value through other comprehensive income - Local Government securities Argentine government Treasury bonds in pesos adjusted by CER 4.25 1 196,595,700 Argentine government Treasury bonds in pesos adjusted by CER 3.75 1 33,259,200 Argentine government Treasury bonds in pesos - Maturity: 05-23-2027 1 6,667,968 Argentine government US dollar step-up bonds - Maturity: 07-09-2030 1 3,757,257 1,620,162 Argentine government Treasury bonds in pesos - Maturity: 08-23-2025 2 2,753,280 Argentine government Treasury bonds in pesos BADLAR x 0.7 1 2,597,991 Argentine government Treasury bonds in pesos adjusted by CER 4.25 1 2,200,700 Argentine government US dollar bonds 1 1 281,643 112,536 Argentine government discount bills in pesos adjusted by CER - Maturity: 02-17-2023 154,488,695 Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 03-25-2023 111,578,472 Other 138,526,949 Subtotal local government securities (1) 248,113,739 406,326,814 - Foreign Government securities US Treasury bills - Maturity: 01-18-2024 1 25,810,639 US Treasury bills - Maturity: 01-11-2024 1 12,111,378 US Treasury bills - Maturity: 01-09-2024 1 5,653,606 US Treasury bills - Maturity: 01-10-2024 23,141,672 Subtotal foreign government securities 43,575,623 23,141,672 Total Other debt securities measured at fair value through other comprehensive income (2) 291,689,362 429,468,486 Measured at amortized cost - Local Government securities Argentine government Treasury bonds in pesos - Maturity: 08-23-2025 44,954,504 Argentine government Treasury bonds in pesos - Maturity: 05-23-2027 35,263,806 125,065,730 Argentine government Treasury bonds in pesos BADLAR x 0.7 - Maturity: 11-23-2027 13,387,030 26,079,046 Discount bonds in pesos 5.83 1,494,782 1,578,509 Province of Río Negro Treasury bills S03 - Maturity: 06-14-2024 104,561 Province of Río Negro debt securities in pesos - Maturity: 04-12-2023 623,852 Province of Río Negro Treasury bills S02 in pesos - Maturity: 06-15-2023 619,698 Subtotal local government securities 95,204,683 153,966,835 Name Holdings 12/31/2023 12/31/2022 Fair value Book Book OTHER DEBT SECURITIES (continued) BCRA bills BCRA internal bills at benchmark exchange rate - Maturity: 10-03-2024 10,106,040 BCRA internal bills at benchmark exchange rate - Maturity: 11-18-2024 7,276,350 BCRA internal bills at benchmark exchange rate - Maturity: 10-19-2024 4,042,417 BCRA internal bills at benchmark exchange rate - Maturity: 11-15-2024 3,314,782 BCRA internal bills at benchmark exchange rate - Maturity: 08-06-2024 2,263,753 BCRA internal bills at benchmark exchange rate - Maturity: 08-08-2024 1,940,360 BCRA internal bills at benchmark exchange rate - Maturity: 11-13-2024 1,697,815 BCRA internal bills at benchmark exchange rate - Maturity: 11-20-2024 1,455,270 BCRA internal bills at benchmark exchange rate - Maturity: 10-18-2024 808,483 BCRA internal bills at benchmark exchange rate - Maturity: 08-03-2024 161,697 Other 1,670,281,970 Subtotal BCRA bills 33,066,967 1,670,281,970 BCRA notes BCRA liquidity notes in pesos - Maturity: 01-04-2023 37,698,797 Subtotal BCRA notes 37,698,797 Private securities Corporate bonds Vista Energy Argentina SAU C20 - Maturity: 07-20-2025 2,579,153 Corporate bonds Vista Energy Argentina SAU C13 - Maturity: 08-08-2024 2,379,207 1,625,295 Corporate bonds Vista Oil y Gas Argentina SAU C15 -Maturity: 01-20-2025 2,194,824 1,499,962 Corporate bonds Volkswagen Financial Services C010 – Maturity: 10-12-2024 1,923,729 Corporate bonds MSU SA C06 – Maturity: 11-02-2024 811,502 Fiduciary debt securities Confibono Financial Trust S73 Class A - Maturity: 05-20-2024 474,426 Corporate bonds SME Liliana SRL Guaranteed S01 – Maturity: 04-18-2025 420,072 Fiduciary debt securities Secubono Financial Trust S230 Class A - Maturity: 06-28-2024 77,380 Fiduciary debt securities Moni Mobile Financial Trust S09 Class A - Maturity: 09-16-2024 55,448 Fiduciary debt securities Supercanal II Financial Trust Class A - Maturity: 03-21-2024 24,852 Other 32,893 1,068,085 Subtotal local private securities 10,973,486 4,193,342 Total Other debt securities measured amortized cost ( 3 139,245,136 1,866,140,944 TOTAL OTHER DEBT SECURITIES 430,934,498 2,295,609,430 (1) In January and March 2023, the Bank entered into voluntary debt exchange under the terms of section 11, Presidential Decree No. 331/2022 issued by the Ministry of Economy. The securities involved in such exchange transactions were as follows: • Argentine government discount Treasury bills in pesos – Maturity: 06-30-2023 (S3OJ3) for a face value of 26,640,975,851. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 02-17-2023 (X17F3) for a face value of 20,900,000,000. • Argentine government discount Treasury bills in pesos – Maturity: 02-28-2023 (S28F3) for a face value of 12,893,000,000. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 06-16-2023 (X16J3) for a face value of 4,516,000,000. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 05-19-2023 (X19Y3) for a face value of 1,759,369,713. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 01-20-2023 (X20E3) for a face value of 290,000,000. Additionally, with almost all the instruments received, the Bank acquired put options with the BCRA that could be exercised up to one day before the maturity of the underlying instrument. Considering the terms and conditions of these put options established by the BCRA, they are considered “out of the money” with fair value amounted to zero. (2) The gross carrying amount of these investments, their stages and the related allowance for ECL are disclosed in Note 9.3. (3) The gross carrying amount of these investments, their stages and the related allowance for ECL are disclosed in Note 9.2. As of December 31, 2023 the unrealized gains and losses from government securities amounted to 32,419,342 and 3,051,207 , respectively. |
Financial Assets Delivered as G
Financial Assets Delivered as Guarantee | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Financial Assets Delivered as Guarantee | 11. FINANCIAL ASSETS DELIVERED AS GUARANTEE The composition of financial assets delivered as guarantee as of December 31, 2023 and 2022 is as follows: Composition Carrying amount 12/31/2023 12/31/2022 For transactions with the BCRA 68,117,546 77,305,535 For guarantee deposits 34,326,813 18,048,350 For repurchase agreements 30,446,725 Total 132,891,084 95,353,885 The Bank’s Management considers there shall be no losses due to the restrictions on the above listed financial assets. |
Equity Instruments at Fair Valu
Equity Instruments at Fair Value Through Profit or Loss | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Equity Instruments at Fair Value Through Profit or Loss - Prisma Medios De Pago Sa | 12. EQUITY INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS - PRISMA MEDIOS DE PAGO SA The following table shows the bank’s holdings of equity instruments at fair value through profit or loss as of December 31, 2023 and 2022: Name Holdings 12/31/2023 12/31/2022 Fair value Book Book EQUITY INSTRUMENTS Measured at fair value through profit or loss - Local Mercado Abierto Electrónico SA 3 1,669,450 1,440,372 Matba Rofex SA 1 814,957 C.O.E.L.S.A 3 242,424 272,678 Mercado a Término Rosario SA 3 44,978 AC Inversora SA 3 39,182 60,983 Sedesa 3 37,638 66,301 Provincanje SA 3 15,290 45,173 Pampa Energía SA 1 3,166 2,247 Acindar SA 3 1,445 Other 1,303 230,000 Subtotal local 2,869,833 2,117,754 - Foreign Banco Latinoamericano de Comercio Exterior SA 1 146,084 65,260 Cedear Vista Oil & Gas 1 125,423 45,811 Cedear Pepsico 1 40,694 58,498 Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales 3 26,122 17,582 Cedear Thermo Fisher Scientific Inc. 1 5,685 7,956 Cedear Exxon Mob 106,082 Cedear Berkshire Hathaway Inc. 89,156 Cedear McDonald 67,049 Cedear Bioceres Crop Solutions Corp. 11,126 Cedear Unitedhealth Group Inc. 8,144 Other 19,718 Subtotal foreign 344,008 496,382 Total measured at fair value through profit or loss 3,213,841 2,614,136 TOTAL EQUITY INSTRUMENTS 3,213,841 2,614,136 On January 21, 2019, the Bank, together with the other shareholders of Prisma Medios de Pago SA, accepted a purchase offer made by AI ZENITH (Netherlands) B.V. (a company related to Advent International Corporation) for the acquisition of 1,933,051 common shares of par value Ps. 1 each and entitled to one vote, representing 4.6775 % of its capital stock, equivalent to 51% of the Bank’s capital stock in such company. On February , , the Bank completed the transfer of such shares for a total purchase price of (in thousands) USD out of which the Bank received on the date hereof (in thousands) USD and the payment of the balance for an amount of (in thousands) USD were deferred for years. During July 2019, the process to determine the final selling price of the shares of Prisma was completed and the final price was (in thousands) USD 63,456. The difference arising from a final price lower than the estimated price was deducted from the price balance, therefore there was no need for the Bank to return any amounts received. All other payment conditions were not modified and remain in full force and effect under the terms described in this note. On October 1, 2021, the Bank, together with the other class B Shareholders of Prisma, gave notice with respect to the exercise of the existing put option and therefore started the procedure to sell the remaining 49% of the capital stock of Prisma. As of December 31, 2021, the holding of the Bank in Prisma (equivalent to 49 On March 18, 2022, the Bank completed the transfer of all remaining shares held in Prisma in favor of AI ZENITH (Netherlands) BV, representing 4.4941% of Prisma’s capital stock. The price of such shares is (in thousands) USD 33,018 and shall be paid as follows: (i) 30% in pesos at UVA plus a nominal annual rate of 15% that shall be paid 50% on March 18, 2027 and the remaining on March 18, 2028, and (ii) 70% in US Dollars at a nominal annual rate of 10% that shall be paid 50% on March 18, 2027 and the remaining on March 18, 2028. The gain On the other hand, the parties agreed that: (i) the 40% of the outstanding balance of the sale of 51% mentioned in the first paragraph of this note was paid on March 30, 2022 and (ii) the remaining balance shall be paid in two installments, on January 31, 2026 and January 31, 2027, respectively (see Note 8). Finally, sellers retained the usufruct (dividends) of the shares sold to be declared by Prisma for the year ended December 31, 2018, which were collected on April 26, 2019. Besides the proportion applicable to the buyer of the dividends to be reported for the following fiscal years –with the buyer’s commitment to voting in favor of the distribution of certain minimum percentages– will be used to create a guarantee trust to repay the deferred price amount through the concession by the buyer and Prisma of a usufruct over the economic rights of the shares in favor of such trust. On March 18, 2022, the agreement was amended to include 100% of the shares. On May 22, 2023, the Bank, together with the remaining creditors arising from the abovementioned sales, authorized Prisma to undergo a merger-spinoff process involving two of its business units: (I) ATM and transfer management services, payment management services for 3.0 transfers, service payment collection and other related services will be handled through the new company Newpay SAU, and (ii) the acquiring business, through which electronic and digital payment solutions are provided (credit cards, debit cards, and prepaid cards, immediate transfers), early collection of sales, point-of-sale terminals network management and other related services, which are rendered to various businesses and/or suppliers, will be handled through the company Payway SAU. Prisma retains the remaining issuer processing services business unit involving credit cards, debit cards, prepaid cards and other related services. Both Prisma and the new companies Newpay SAU and Payway SAU are direct or indirect subsidiaries of AI ZENITH (Netherlands) BV. Furthermore, these new companies, like Prisma, have been allocated their respective share of dividends to be reported in the subsequent fiscal years, under the commitment to vote in favor of the distribution of certain minimum percentages. These percentages will also be subject to the guarantee trust aimed at repaying the deferred price. |
Fair Value Quantitative And Qua
Fair Value Quantitative And Qualitative Disclosures | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Fair Value Quantitative And Qualitative Disclosures | 13. FAIR VALUE QUANTITATIVE AND QUALITATIVE DISCLOSURES The fair value is the amount at which an asset can be exchanged, or at which a liability can be settled, in mutual independent terms and conditions between participants of the principal market (or the most advantageous market) who are duly informed and willing to transact in an orderly and current transaction, at the measurement date under the current market conditions whether the price is directly observable or estimated using a valuation technique under the assumption that the Bank is an ongoing business. When a financial instrument is quoted in a liquid and active market, its price in the market in a real transaction provides the most reliable evidence of its fair value. Nevertheless, when there is no quoted price in the market or it cannot be evidence of the fair value of such instrument, in order to determine such fair value, the entities may use the market value of another instrument with similar characteristics, the analysis of discounted cash flows or other applicable techniques, which shall be significantly affected by the assumptions used. Notwithstanding the above, the Bank’s Management has used its best judgment to estimate the fair values of its financial instruments; any technique to perform such estimate implies certain inherent fragility level. Fair value hierarchy The Bank uses the following hierarchy to determine and disclose the fair value of financial instruments, according to the valuation technique applied: • Level 1: quoted prices (unadjusted) observable in active markets that the Bank accesses to at the measurement day for identical assets or liabilities. The Bank considers markets as active only if there are sufficient trading activities with respect to the volume and liquidity of the identical assets or liabilities and when there are binding and exercisable price quotes available at each reporting period. • Level 2: Valuation techniques for which the data and variables having a significant impact on the determination of the fair value recognized or disclosed are observable for the asset or liability, either directly or indirectly. Such inputs include quoted prices for similar assets or liabilities in active markets, quoted prices for identical instruments in inactive markets and observable inputs other than quoted prices, such as interest rates and yield curves, implied volatilities, and credit spreads. In addition, adjustments to level 2 inputs may be required for the condition or location of the asset or the extent to which it relates to items that are comparable to the valued instrument. However, if such adjustments are based on unobservable inputs that are significant to the entire measurement, the Bank will classify the instruments as Level 3. • Level 3: Valuation techniques for which the data and variables having a significant impact on the determination of the fair value recognized or disclosed are not based on observable market information. The following tables show the hierarchy in the Bank’s financial asset and liability at fair value measurement, as of December 31, 2023 and 2022: Categories of financial assets and liabilities as of December 31, 2023 Item Amortized Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial assets Cash and deposits in banks Cash 397,357,431 Financial institutions 805,691,627 Other 56,037 Debt securities at fair value through profit or loss 1,752,113,837 1,731,451,370 20,655,451 7,016 Derivative financial instruments 13,143,270 656 13,142,614 Repo transactions BCRA 615,582,382 Other financial assets 174,990,394 26,390,995 26,327,594 63,401 Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial assets (contd.) Loans and other financing To the non-financial government sector 4,715,710 Other financial institutions 9,965,075 To the non-financial private sector and foreign residents Overdrafts 287,899,182 Documents 338,338,841 Mortgage loans 165,128,338 Pledge loans 28,127,344 Personal loans 238,271,939 Credit cards 484,769,569 Financial leases 9,488,598 Other (1) 266,953,257 Other debt securities 139,245,136 291,689,362 288,936,082 2,753,280 Financial assets delivered as guarantee 107,662,222 25,228,862 25,228,862 Equity instruments at fair value through profit or loss 3,213,841 1,136,009 2,077,832 TOTAL FINANCIAL ASSETS 4,074,243,082 291,689,362 1,820,090,805 2,073,080,573 36,551,345 2,148,249 (1) Includes the total allowances to the non-financial private sector and foreign residents. Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial liabilities Deposits From the non-financial government sector 187,100,670 From the financial sector 20,185,431 From the non-financial private sector and foreign residents Checking accounts 509,621,461 Savings accounts 1,430,030,343 Time deposits and investment accounts 1,048,237,134 Other 175,065,571 Liabilities at fair value through profit or loss 13,825,475 13,825,475 Derivative financial instruments 2,837,879 40,390 2,797,489 Repo transactions Other financial entities 23,601,328 Other financial liabilities 374,491,943 Financing received from Central Bank and other financial institutions 19,799,011 Issued corporate bonds 58,864,013 Subordinated corporate bonds 328,227,793 TOTAL FINANCIAL LIABILITIES 4,175,224,698 16,663,354 13,865,865 2,797,489 Categories of financial assets and liabilities as of December 31, 2022 Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial assets Cash and deposits in banks Cash 85,987,793 Financial institutions 692,771,013 Other 37,738 Debt securities at fair value through profit or loss 657,238,645 643,243,336 10,782,004 3,213,305 Derivative financial instruments 133,591 59,768 73,823 Repo transactions BCRA 192,852,624 Other financial assets 166,404,589 14,039,085 13,885,203 153,882 Loans and other financing To the non-financial government sector 6,872,050 Other financial institutions 2,887,593 To the non-financial private sector and foreign residents Overdrafts 153,368,437 Documents 254,649,736 Mortgage loans 192,779,725 Pledge loans 29,836,828 Personal loans 443,848,226 Credit cards 594,100,838 Financial leases 4,318,607 Other (1) 181,426,804 Other debt securities 1,866,140,944 429,468,486 429,468,486 Financial assets delivered as guarantee 95,353,885 Equity instruments at fair value through profit or loss 2,614,136 481,047 2,133,089 TOTAL FINANCIAL ASSETS 4,963,637,430 429,468,486 674,025,457 1,087,137,840 10,855,827 5,500,276 (1) Includes the total allowances to the non-financial private sector and foreign residents. Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial liabilities Deposits From the non-financial government sector 342,399,722 From the financial sector 5,148,961 From the non-financial private sector and foreign residents Checking accounts 495,523,560 Savings accounts 1,307,102,600 Time deposits and Investment accounts 1,771,977,942 Other 111,806,481 Liabilities at fair value through profit or loss 1,638,088 1,638,088 Derivative financial instruments 7,382 7,382 Other financial liabilities 420,684,684 Financing received from Central Bank and other financial institutions 7,627,436 Issued corporate bonds 8,456,451 Subordinated corporate bonds 224,617,825 TOTAL FINANCIAL LIABILITIES 4,695,345,662 1,645,470 1,645,470 Description of the valuation process The fair value of instruments categorized as Level 1 was assessed by using quoted prices effective at the end of each fiscal year in active markets for identical assets or liabilities, if representative. Currently, for most of the government and private securities, there are two principal markets in which the Bank operates: BYMA and MAE. Additionally, in the case of derivatives, both MAE and Mercado a Término de Rosario SA (ROFEX) are deemed active markets. On the other hand, for certain assets and liabilities that do not have an active market, categorized as Level 2, the Bank used valuation techniques that included the use of market transactions performed under mutual independent terms and conditions, between interested and duly informed parties, provided that they are available as well as references to the current fair value of another instrument being substantially similar, or otherwise the analysis of cash flows discounted at rates built from market information of similar instruments. In addition, certain assets and liabilities included in this category were valued using price quotes of identical instruments in “less active markets”. Finally, the Bank has categorized as level 3 those assets and liabilities for which there are no identical or similar transactions in the market. To determine the market value of these instruments the Bank used valuation techniques based on own assumptions. For this approach, the Bank mainly used the cash flow discount model. As of December 31, 2023 and 2022, the Bank has neither changed the techniques nor the assumptions used to estimate the fair value of the financial instruments. Below is the reconciliation between the amounts at the beginning and at the end of the fiscal year of the financial assets recognized at fair value categorized as level 3: Reconciliation As of December 31, 2023 Debt Other financial Equity Amount at the beginning 3,213,305 153,882 2,133,089 Transfers to level 3 Transfers from level 3 (1) (140,628 ) Profit and loss 2,331,940 37,262 2,250,161 Recognition and derecognition (3,455,281 ) 25,082 Monetary effects (2,082,948 ) (127,743 ) (2,189,872 ) Amount at the end of the fiscal year 7,016 63,401 2,077,832 Reconciliation As of December 31, 2022 Debt Other financial Equity Amount at the beginning 6,774,234 188,174 12,811,441 Transfers to level 3 Transfers from level 3 Profit and loss 2,277,140 15,770 11,198 Recognition and derecognition (2,497,377 ) 65,586 (7,810,219 ) Monetary effects (3,340,692 ) (115,648 ) (2,879,331 ) Amount at the end of the fiscal year 3,213,305 153,882 2,133,089 (1) Transfer of equity instruments at fair value through profit or loss from level 3 to level 1 that were measured using quoted prices observable in active markets as of December 31, 2023. The fair values of instruments measured at level 3 are determined by the entity based on valuation techniques derived from the “income method”, whose main unobservable data are related to discount rates, and on which a reasonable change in such input data would not generate significant effects on the Financial Statements taken as a whole. Changes in fair value levels The Bank monitors the availability of information in the market to evaluate the classification of financial instruments into the fair value hierarchy as well as the resulting determination of transfers between levels 1, 2 and 3 at each period end. Except for the foregoing, as of December 31, 2023 and 2022, the Bank has not recognized any transfers between levels 1, 2 and 3. Financial assets and liabilities not measured at fair value Next follows a description of the main methods and assumptions used to determine the fair values of financial instruments not recognized at their fair value in these consolidated Financial Statements: • Instruments with fair value similar to the carrying amount: financial assets and liabilities that are liquid or have short-term maturities (less than three months) were deemed to have a fair value similar to the carrying amount. • Fixed and variable rate of financial instruments: the fair value of financial assets was recognized discounting future cash flows at current market rates for each fiscal year for financial instruments of similar characteristics. The estimated fair value of fixed-interest rate deposits and liabilities was assessed discounting future cash flows by using estimated interest rates for deposits or placings with similar maturities to those of the Bank’s portfolio. • For public listed assets and liabilities, or those for which the prices are reported by certain renowned pricing providers, the fair value was determined based on such prices. The following table shows a comparison between the fair value and the carrying amount of financial instruments not measured at fair value as of December 31, 2023 and 2022: Composition 12/31/2023 Carrying Level 1 Level 2 Level 3 Fair value Financial assets Cash and deposits in banks 1,203,105,095 1,203,105,095 1,203,105,095 Repo transactions 615,582,382 615,582,382 615,582,382 Other financial assets 174,990,394 174,990,394 174,990,394 Loans and other financing 1,833,657,853 1,612,236,333 1,612,236,333 Other debt securities 139,245,136 92,032,365 55,565,564 147,597,929 Financial assets delivered as guarantee 107,662,222 107,662,222 107,662,222 Total 4,074,243,082 2,193,372,458 55,565,564 1,612,236,333 3,861,174,355 Financial liabilities Deposits 3,370,240,610 2,091,506,221 1,280,298,042 3,371,804,263 Repo transactions 23,601,328 23,601,328 23,601,328 Other financial liabilities 374,491,943 362,362,512 11,631,954 373,994,466 Financing received from the BCRA and other financial institutions 19,799,011 7,807,601 6,142,257 13,949,858 Issued corporate bonds 58,864,013 59,650,007 59,650,007 Subordinated corporate bonds 328,227,793 277,875,886 277,875,886 Total 4,175,224,698 2,485,277,662 355,300,104 1,280,298,042 4,120,875,808 Composition 12/31/2022 Carrying Level 1 Level 2 Level 3 Fair value Financial assets Cash and deposits in banks 778,796,544 778,796,552 778,796,552 Repo transactions 192,852,624 192,852,627 192,852,627 Other financial assets 166,404,589 166,404,589 166,404,589 Loans and other financing 1,864,088,844 1,625,360,056 1,625,360,056 Other debt securities 1,866,140,944 1,593,543,746 257,439,650 299,898 1,851,283,294 Financial assets delivered as guarantee 95,353,885 95,353,886 95,353,886 Total 4,963,637,430 2,826,951,400 257,439,650 1,625,659,954 4,710,051,004 Financial liabilities Deposits 4,033,959,266 2,021,273,290 2,009,393,334 4,030,666,624 Other financial liabilities 420,684,684 407,263,472 13,614,443 420,877,915 Financing received from the BCRA and other financial institutions 7,627,436 7,418,200 161,817 7,580,017 Issued corporate bonds 8,456,451 8,216,649 8,216,649 Subordinated corporate bonds 224,617,825 183,155,754 183,155,754 Total 4,695,345,662 2,435,954,962 205,148,663 2,009,393,334 4,650,496,959 |
Business Combinations
Business Combinations | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure of detailed information about business combination [abstract] | |
BUSINESS COMBINATIONS | 14. BUSINESS COMBINATIONS 14.1 Macro Agro SAU On May 18, 2023, the Entity acquired from Inversora Juramento SA , of the capital stock and votes of Macro Agro SAU, a company engaged in the grain brokerage business. The Special Shareholders’ Meeting held on October 6, 2023 deemed it appropriate and approved the change of its corporate name to “Macro Agro SAU” and consequently, subject to the authorization of the Business Associations Regulatory Agency of the Province of Santa Fe (IGPJ), proposed the amendment of section 1 of the by-laws. On October 27, 2023, the proceedings were filed with the IGPJ. Additionally, on March 5, 2024, the Bank was notified about the IGPJ resolution through which they approved the reform of the Statute with the name MACRO AGRO SAU. As of the date of issuance of these consolidated Financial Statements, the new name is pending registration. Assets acquired and liabilities assumed The fair value of the assets identified and liabilities assumed as of the acquisition date is as follows (figures stated in thousands of pesos in constant currency as of December 31, 2023): Composition Fair value Assets Cash and deposits in banks 47,782 Debt securities at fair value through profit or loss 986,466 Loans and other financing 138,047 Financial assets delivered as guarantee 1,899,588 Other financial assets 7,393,142 Property, plant and equipment 133,492 Intangible assets 29,675 Other non-financial assets 109,667 10,737,859 Composition (contd.) Fair value Liabilities Other financial liabilities 7,325,831 Provisions 20,666 Current income tax liabilities 124,492 Deferred income tax liabilities 147,107 Other non-financial liabilities 2,036,240 9,654,336 Net assets acquired at fair value 1,083,523 The goodwill generated by the acquisition of Macro Agro In accordance with the share purchase contract, the transaction price was set at USD 5,218,800, which will be paid in variable annual installments using the proceeds from the dividends of Macro Agro Macro Agro To measure the liabilities arising from this transaction the Bank estimated the Company’s future income, discounting them at its own business rate. As a consequence, at the acquisition date, the liability amounted to USD 2,973,375. On September 29, 2023, Macro Agro 14.2 Banco BMA SAU (formerly known as Banco Itaú Argentina SA) and its subsidiaries On August 23, 2023, Banco Macro SA has entered into a stock purchase agreement with Itaú Unibanco Holding SA, through its affiliates Itaú Unibanco SA, Banco Itaú BBA SA and Itaú Consultoria de Valores Mobiliários e Participaçoes SA (collectively, “Itaú”), pursuant to which, subject to certain conditions (substantially the approval of the transaction by the Central Bank of Argentina), the Entity would acquire from Itaú the shares representing 100% of the capital stock and votes of Banco Itaú Argentina SA, Itaú Asset Management SA and Itaú Valores SA. On November 2, 2023, the Board of Directors of the Central Bank of Argentina authorized the abovementioned purchase, as per the following breakdown: • Banco Itaú Argentina SA: 100% of the capital stock stock stock • Itaú Asset Management SA: 11,950 shares representing 13.00% of the capital stock of Itaú Asset Management SA were directly acquired from Itaú Unibanco SA, and indirectly, 80,000 shares, which represent 87.00% of the capital stock • Itaú Valores SA: 6,814,535 shares representing 13.00% of the stock stock Assets acquired and liabilities assumed The fair value of the assets identified acquired and liabilities assumed as of the acquisition date is as follows (figures stated in thousands of pesos in constant currency as of December 31, 2023): Composition Fair value Assets Cash and deposits in banks 160,975,229 Debt securities at fair value through profit or loss 51,232,686 Derivative financial instruments 22,198,599 Repo transactions 255,552,986 Other financial assets 16,610,423 Loans and other financing 290,578,416 Other debt securities 68,697,853 Financial assets delivered as guarantee 40,705,395 Current income tax assets 203,976 Equity instruments at fair value through profit or loss 190,362 Investments in associates and joint arrangements 9,599,589 Property, plant and equipment 37,443,475 Intangible assets 21,298,818 Deferred income tax assets 18,763,919 Other non-financial assets 7,400,772 Non-current assets held for sale 12,974,758 1,014,427,256 Liabilities Deposits 675,034,941 Liabilities at fair value through profit or loss 20,346,543 Derivative financial instruments 8,578,570 Other financial liabilities 19,082,094 Financing received from the Central Bank of Argentina and other financial institutions 10,666,322 Issued corporate bonds 5,920,878 Current income tax liabilities 20,058,160 Provisions 2,983,960 Deferred income tax liabilities 17,707,310 Other non-financial liabilities 54,821,380 835,200,158 Net assets acquired at fair value 179,227,098 For the valuation of the Core deposits intangible, the favorable source of funds methodology was used. This method determines the spread between the cost of central deposits acquired and the cost of an alternative source of financing over the estimated life of the core deposit base. As a result of this transaction, the core deposit intangible assets recognized amounted to 5,184,785. See Note 13 for additional fair value valuation techniques for other assets acquired and liabilities assumed in the business combination. T he price of this transaction was established at USD , which was set at the time of the agreement and paid on November 3, 2023, and an additional amount resulting from the adjustment of the result obtained by Banco BMA SAU (formerly known as Banco Itaú Argentina SA), BMA Asset Management SA (formerly known Itaú Asset Management SA) and BMA Valores SA (formerly known as Itaú Valores SA) between April 1, 2023 and the closing date established in the purchase contract. Interest income and commission income from the acquisition date until December 31, 2023 of Banco BMA SAU (formerly known as Banco Itaú Argentina SA), measured on a consolidated basis, amounts to 73,462,184 and 4,006,913, respectively. The net income for the fiscal year ended December 31, 2023 amount to 31,910,373. If the business combination had taken place at the beginning of the year, the interest income and commission income of the Entity would have amounted to 2,827,353,743 and 263,605,335, respectively, and the net income for the fiscal year ended December 31, 2023 would have amounted to 593,275,103. As the amount of the net assets acquired exceeds the fair value of the price paid, the Bank recorded a gain generated by this acquisition for 156,768,122, which is recorded in “Income from associates and joint arrangements”. The gain was related to the price of this transaction determined in the arm’s length basis and the net assets acquired. The calculation of this gain is subject to change because the estimates of all fair values are being reviewed and may be modified during the period of one year from the acquisition date as established by IFRS 3. However, the Bank’s Management does not expect significant changes in these amounts. On March 6, 2024, the Bank, as an incorporating company, together with Banco BMA SAU, as an incorporated company, have entered into a pre-merger commitment, whereby Banco Macro SA will incorporate Banco BMA SAU retroactively as of January 1, 2024 based on the separate financial statements of each of the companies prepared as of December 31, 2023 and the special consolidated merger statement of financial position as of the same date. As of the date of issuance of these consolidated Financial Statements, the Bank is in the process of obtaining the administrative approval of such merger before the CNV, and has also requested the authorization of the respective merger before the Central Bank. |
Investments in Associates and J
Investments in Associates and Joint Arrangements | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Investments in Associates and Joint Arrangements | 15. INVESTMENTS IN ASSOCIATES AND JOINT ARRANGEMENTS 15.1 Associates The following table provides summarized financial information about the Bank’s investment in its associates: Entity Proportional Financial position Loss for the fiscal year 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Macro Warrants SA 5 % 11,581 17,327 (5,746 ) (5,048 ) (1) and (2) Play Digital SA 9.45 % 747,460 1,317,126 (1,521,734 ) (1,289,561 ) (1) and (2) Alianza SGR 24.98 % 3,010 (88,831 ) (1) (1) The existence of significant influence is evidenced by the representation the Bank has in the Board of Directors of this associate. (2) To measure this investment, accounting information of this associate as of September 30, 2023 has been used. Additionally, significant transactions conducted or events that occurred between October 1, 2023 and December 31, 2023, have been considered. 15.2 Joint ventures The following table provides summarized financial information about the Bank’s investment in its joint ventures: Entity Proportional Financial position Profit (Loss) for the fiscal 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Banco Macro SA – Bizland SAU Unión transitoria 50 % 828,510 2,001,551 514,407 1,005,610 Finova SA 50 % 94,550 219,021 (124,470 ) (39,119 ) |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Property, Plant and Equipment | 16. PROPERTY, PLANT AND EQUIPMENT The changes in property, plant and equipment during the fiscal years ended on December 31, 2023 and 2022 are as follows: Item 12/31/2023 Original value at Total life Increases Acquisitions Decreases Transfers Difference Depreciation for the fiscal year Residual Accumulated Transfers Decrease Difference For the fiscal year At the end Cost Real property 296,471,464 50 1,698,607 37,387,065 169,694 1,333,037 44,278,564 (143,510 ) 27,456 7,936,570 52,044,168 284,676,311 Furniture and facilities 46,034,760 10 1,636,743 10,349,070 146,844 1,790,289 497 30,133,853 1,852 147,250 68 4,123,432 34,111,955 25,552,560 Machinery and equipment 66,838,838 5 8,754,727 28,867,455 6,865,320 358,865 31,688 71,145,727 1,218 6,865,377 4,591 9,247,787 73,533,946 24,452,307 Vehicles 8,952,891 5 2,639,490 355,138 826,096 (9,130 ) 11,224 7,465,702 6,751 669,916 3,033 1,054,300 7,859,870 3,263,647 Other 2,580 3 17,939 7,462,091 464 15,286 7,418,402 464 1,519 2,015 7,421,472 75,960 Work in progress 4,037,144 8,985,716 72,307 47,874 (4,500,626 ) 8,546,667 Right of use real property 25,292,305 5 3,573,457 7,490,744 1,451,563 4,327 39,898 22,852,126 (690 ) 680,745 52,506 4,569,172 26,792,369 8,156,799 Right of use furniture 5 2,491,606 428,471 428,471 2,063,135 Total property, plant and equipment 447,629,982 29,798,285 91,983,870 9,507,855 (1,023,238 ) 98,593 183,294,374 (134,379 ) 8,391,208 61,717 27,361,747 202,192,251 356,787,386 (1) Additionally, see Note 14. (2) Accumulated depreciation on the assets of Banco BMA SAU and Macro Agro SAU are included. Item 12/31/2022 Original value at Total life Increases Acquisitions Decreases Transfers Difference Depreciation for the fiscal year Residual Accumulated Transfers Decrease Difference For the fiscal year At the end Cost Real property 290,736,623 50 1,854,495 380,457 4,260,803 29,224,299 (244,540 ) 65,389 6,375,157 35,289,527 261,181,937 Furniture and facilities 40,106,711 10 1,288,068 5,163 4,645,706 (562 ) 19,758,774 14 1,679 (456 ) 3,580,774 23,337,427 22,697,333 Machinery and equipment 57,044,080 5 6,536,319 17,433 3,276,434 (562 ) 39,382,638 (4,781 ) 16,703 (1,423 ) 8,383,468 47,743,199 19,095,639 Vehicles 8,105,932 5 1,401,175 549,642 (28,674 ) 24,100 6,646,687 (2,177 ) 359,190 45 819,156 7,104,521 1,848,370 Other 5,414 3 (2,834 ) 2,580 (3,297 ) 1,738 1,021 1,559 Work in progress 9,621,931 8,438,425 (14,023,212 ) 4,037,144 Right of use real property 22,900,818 5 2,700,690 299,565 (9,638 ) 12,783,172 185,885 (790 ) 4,346,326 16,942,823 8,349,482 Total property, plant and equipment 428,521,509 22,219,172 1,252,260 (1,868,943 ) 10,504 107,798,150 (251,484 ) 628,846 (5,921 ) 23,506,619 130,418,518 317,211,464 |
Investment Properties
Investment Properties | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Investment Properties | 17. INVESTMENT The changes in investment property (including in “Other non-financial assets” – see Note 19) during the fiscal years ended on December 31, 2023 and 2022 are as follow: Item 12/31/2023 Original Useful life Increases Decreases Transfers Difference Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the At the Cost Leased properties 1,235,102 50 (1 ) 186,723 3,543 23,135 213,401 1,021,700 Other investment properties 26,881,367 50 1,629,110 383,603 1,282,421 662 868,593 219,875 235,097 563,430 1,416,801 27,993,156 Total investment property 28,116,469 1,629,110 383,603 1,282,420 662 1,055,316 223,418 235,097 586,565 1,630,202 29,014,856 Item 12/31/2022 Original Useful life Increases Decreases Transfers Difference Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the year At the Cost Leased properties 1,401,299 50 3,602 (169,799 ) 50,624 119,697 16,402 186,723 1,048,379 Other investment properties 4,268,894 50 31,067,522 81,960 (8,373,076 ) (13 ) 343,903 (17,750 ) 7,155 549,595 868,593 26,012,774 Total investment property 5,670,193 31,071,124 81,960 (8,542,875 ) (13 ) 394,527 101,947 7,155 565,997 1,055,316 27,061,153 (1) During the fiscal year 2022, under this item transfers were made to Non-current assets held for sale. |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Intangible Assets | 18. INTANGIBLE ASSETS The changes in intangible assets during the fiscal years ended on December 31, 2023 and 2022 are as follow: Item 12/31/2023 Original value at Useful life Increases Acquisitions Decreases Transfers Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the fiscal year At the end Cost Licenses 34,758,597 5 4,225,829 5,184,932 (464 ) 24,340,593 (1,045 ) 6,232,486 30,572,034 13,596,860 Other intangible assets 121,033,580 5 25,192,749 49,220,828 753,032 (5,188 ) 109,214,883 1,099 18,781 23,917,968 133,115,169 61,573,768 Total intangible assets 155,792,177 29,418,578 54,405,760 753,032 (5,652 ) 133,555,476 54 18,781 30,150,454 163,687,203 75,170,628 (1) Additionally, see Note 14. (2) Accumulated depreciation on the assets of Banco BMA SAU and Macro Agro SAU are included. Item 12/31/2022 Original value at Useful life Increases Acquisitions Decreases Transfers Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the fiscal year At the end Cost Licenses 30,393,599 5 4,084,757 280,241 18,592,344 10,512 5,737,590 24,340,446 10,418,151 Other intangible assets 98,655,217 5 22,731,282 104,553 (248,366 ) 59,476,025 (4,145 ) 4,090 17,675,187 77,142,977 43,890,603 Total intangible assets 129,048,816 26,816,039 104,553 31,875 78,068,369 6,367 4,090 23,412,777 101,483,423 54,308,754 |
Other Non-Financial Assets
Other Non-Financial Assets | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Other Non-Financial Assets | 19. OTHER NON-FINANCIAL ASSETS The composition of the other non-financial assets as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Investment property (see Note 17) 29,014,856 27,061,153 Tax advances 14,445,390 3,830,762 Advanced prepayments 9,307,953 7,310,656 Other 2,014,385 576,618 Total 54,782,584 38,779,189 |
Related Parties
Related Parties | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Related Parties | 20. RELATED PARTIES A related party is a person or entity that is related to the Bank: • has control or joint control of the Bank; • has significant influence over the Bank; • is a member of the key management personnel of the Bank or of the parent of the Bank; • members of the same group; • one entity is an associate (or an associate of a member of a group of which the other entity is a member). Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Bank, directly or indirectly. The Bank considers as key management personnel, for the purposes of IAS 24, the members of the Board of Directors and the senior management members of the Risk Management Committee, the Assets and Liabilities Committee and the Senior Credit Committee. The amounts balances as of December 31, 2023 and 2022 and the profit or loss for the fiscal years ended December 31, 2023, 2022 and 2021, related to transactions generated with related parties are as follows: As of December 31, 2023 Main subsidiaries (1) Associates Key Other Total Macro Macro Argenpay Fintech Macro SAU Assets Cash and deposits in banks 6,478 6,478 Other financial assets 8,326,118 1,077,944 7,139,810 16,543,872 Loans and other financing (4) Documents 1,284,488 1,284,488 Overdraft 257,516 2,662,095 2,919,611 Credit cards 605,145 129,042 734,187 Lease 30,976 51,602 82,578 Personal loans 5,562 5,562 Mortgage loans 1,261,934 1,261,934 Other loans (5) 378,210 5,877,322 6,255,532 Guarantee granted 26,357,386 26,357,386 Total assets 6,478 8,326,118 30,976 3,586,311 43,501,745 55,451,628 Liabilities Deposits 15,785,008 258,554 24,681 11,170 304,321 24,665,263 21,695,667 62,744,664 Liabilities at fair value through profit or loss 13,817,710 13,817,710 Other financial liabilities 5,108,496 954,452 6,062,948 Issued corporate bonds 2,884,982 2,884,982 Subordinated corporate bonds 781,691 123,425 905,116 Other non-financial liabilities 4,991,527 4,991,527 Total liabilities 18,669,990 258,554 806,372 134,595 304,321 29,773,759 41,459,356 91,406,947 Income / (loss) Interest income 237,527 14,328 1,915,668 5,682,782 7,850,305 Interest expense (91,654 ) (204,618 ) (111,987 ) (408,259 ) Commissions income 77,309 57,264 1,190 475 564,890 701,128 Commissions expense (46,020 ) (105 ) (101,495 ) (147,620 ) Other operating income 215,291 32 9,361,556 3,090 389 20 61,549 9,641,927 Administrative expense (2,479,398 ) (2,479,398 ) Other operating expense (10 ) (501 ) (537,471 ) (537,982 ) Total income / (loss) 530,117 32 9,372,800 17,418 (90,075 ) 1,710,939 3,078,870 14,620,101 (1) These transactions are eliminated during the consolidation process. (2) It includes the balance amounts from its subsidiary Macro Fondos SGFCISA. (3) Includes close family members of the key management personnel. (4) The maximum financing amount for Loans and other financing as of December 31, 2023 for Macro Securities SAU, Macro Agro (5) It is related to Loans and other financing not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions and Loans with government securities. As of December 31, 2022 Main subsidiaries (1) Associates Key Other Total Macro Macro Argenpay Fintech Assets Cash and deposits in banks 4,419 4,419 Other financial assets 9,395,278 724,126 59 10,119,463 Loans and other financing (4) Documents 175,223 1,310,746 1,485,969 Overdraft 590,790 155,143 745,933 Credit cards 207,665 207,665 Lease 3,619 3,619 Personal loans 1,689,642 1,689,642 Other loans (5) 6,581,205 472,869 4,360,084 11,414,158 Guarantee granted 4,795,743 4,795,743 Total assets 4,419 6,581,205 9,395,278 3,656,269 10,829,440 30,466,611 Liabilities Deposits 9,347,392 181,046 361 263,793 12,959,967 7,160,317 29,912,876 Liabilities at fair value through profit or loss 512,593 512,593 Other financial liabilities 160,967 37,456 198,423 Issued corporate bonds 897,421 897,421 Subordinated corporate bonds 450,137 450,137 Other non-financial liabilities 62,954 62,954 Total liabilities 10,244,813 181,046 450,498 263,793 13,120,934 7,773,320 32,034,404 Income / (loss) Interest income 13,462 915,252 6,176,142 7,104,856 Interest expense (71,530 ) (325,275 ) (214,965 ) (611,770 ) Commissions income 77,843 2,466 1,074 190 327,193 408,766 Commissions expense (33,156 ) (159 ) (3,559 ) (36,874 ) Other operating income 16 125 4,063,048 162 4,063,351 Credit loss expense on financial assets (1,165 ) (1,165 ) Administrative expense (1,824,036 ) (1,824,036 ) Other operating expense (45,188 ) (220,567 ) (265,755 ) Total income / (loss) 16 44,952 125 4,032,358 (70,456 ) 590,008 4,240,370 8,837,373 (1) These transactions are eliminated during the consolidation process. (2) It includes the balance amounts from its subsidiary Macro Fondos SGFCISA. (3) Includes close family members of the key management personnel. (4) The maximum financing amount for Loans and other financing as of December 31, 2022 for Macro Securities SAU, Fintech SGR, Key management personnel and Other related parties amounted to 14,101,862, 7,895,654, 4,108,625 and 52,441,567, respectively. (5) It is related to Loans and other financing not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions and Loans with government securities. As of December 31, 2021 Main subsidiaries (1) Associates Key Other Total Macro Macro Argenpay Fintech Income / (loss) Interest income 21,674 988,486 8,716,278 9,726,438 Interest expense (25,550 ) (105,148 ) (232,819 ) (339,781 ) (703,298 ) Commissions income 134,132 176 1,353 115 611,520 747,296 Commissions expense (2,178 ) (140 ) (1,068 ) (3,386 ) Net gain from measurement of financial instruments at fair value through profit or loss 142,284 142,284 Other operating income 24 20,843 40,636 194 61,697 Administrative expense (1,457,607 ) (1,457,607 ) Other operating expense (451,426 ) (451,426 ) Total income / (loss) 24 151,099 180,918 (103,795 ) 755,642 7,078,110 8,061,998 (1) These transactions are eliminated during the consolidation process. (2) It includes the balance amounts from its subsidiary Macro Fondos SGFCISA. (3) Includes close family members of the key management personnel. Transactions generated by the Bank with its related parties for arranged transactions within the course of the usual and ordinary course of business were performed in normal market conditions, both as to interest rates and prices and as to the required guarantees. The Bank does not have loans granted to directors and other key management personnel secured with shares. Total remunerations received as salary and bonus by the key management personnel as of December 31, 2023, 2022 and 2021 amounted to 3,282,300, 3,291,583 and 3,523,785, respectively. In addition, fees received by the Directors as of December 31, 2023, 2022 and 2021 amounted to 8,073,936, 5,613,683 and 6,936,714, respectively. Additionally, the composition of the Board of Directors and key management personnel of the Bank and its subsidiaries is as follows: Composition 12/31/2023 12/31/2022 Board of Directors 22 22 Senior managers of the key management personnel 12 12 Total 34 34 |
Other Financial Liabilities
Other Financial Liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Other Financial Liabilities | 21. OTHER FINANCIAL LIABILITIES The composition of the other financial liabilities as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Credit and debit card settlement - due to merchants 196,821,322 228,920,357 Amounts payable for other spot purchases pending settlement 93,449,791 45,887,253 Payment orders pending to foreign exchange settlement 34,430,062 17,727,873 Collections and other transactions on account and behalf of others 10,454,906 8,737,913 Finance leases liabilities 9,388,790 6,119,963 Amounts payable for spot purchases of foreign currency pending settlement 1,326,551 49,982,243 Amounts payable for spot purchases of government securities pending settlement 310,596 30,457,203 Other 28,309,925 32,851,879 Total 374,491,943 420,684,684 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Leases | 22. LEASES 22.1 The Bank as a lessee The Bank has lease contracts mainly for real properties recognized in the item “Property, plant and equipment”. Generally, the Bank is restricted from assigning or subleasing the leased assets. As of December 31, 2023 and 2022, the carrying amount of assets recognized for the right-of-use assets identified in the lease contracts, depreciation expense for the fiscal year and the additions to right-of-use assets are disclosed in Note 16. Set out below are the carrying amounts of lease liabilities and the movements during the fiscal year: Movements 2023 2022 2021 At the beginning of the fiscal year 6,119,963 8,614,762 10,763,282 Additions 5,993,172 1,980,876 2,995,872 Accretion of interest 853,157 1,200,066 1,326,813 Difference in foreign currency 7,299,242 2,211,464 1,355,364 Payments (3,943,775 ) (3,186,650 ) (4,687,091 ) Monetary effects (6,932,969 ) (4,700,555 ) (3,139,478 ) At the end of the fiscal year (see Note 21) 9,388,790 6,119,963 8,614,762 The short term leases were recognized as expense for an amount of 41,962, 43,671 and 48,436 for the years ended December 31, 2023, 2022 and 2021, respectively. The table below shows the maturity of the lease liabilities as of December 31, 2023 and 2022: Lease liabilities Up to 1 Over 1 Over 3 Over 6 Total up to Over 12 Over 24 Total over 12 Balances as of 12/31/2023 501,538 661,704 869,428 1,500,379 3,533,049 2,065,420 3,790,321 5,855,741 Balances as of 12/31/2022 317,642 522,439 717,689 1,167,878 2,725,648 1,430,105 1,964,210 3,394,315 22.2 The Bank as a lessor The Bank, as lessor, entered into financial lease contracts, under the usual characteristics of this kind of transactions, without there being any issues that may differentiate them in any aspect from those performed in the Argentine financial market in general. The lease contracts in force do not represent significant balances with respect to the total financing granted by the Bank. The following table shows the reconciliation between the total gross investment of financial leases and the current value of the minimum payment receivables for such leases: 12/31/2023 12/31/2022 Current value of Total gross Current value of Total gross Up to 1 year 3,158,511 11,978,813 2,161,580 3,254,319 From 1 to 5 years 6,328,466 18,507,415 2,157,027 3,587,139 Over 5 years 1,621 1,974 Total 9,488,598 30,488,202 4,318,607 6,841,458 Income for non-accrued interests amounted to 20,999,604, 2,522,851 and 1,842,902, for the years ended December 31, 2023, 2022 and 2021, respectively. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Provisions | 23. PROVISIONS This item includes the amounts estimated to face a liability of probable occurrence, which if occurring, would originate a loss for the Bank. The changes in provisions during the fiscal years ended on December 31, 2023 and 2022 are as follow: Composition Amounts at Increases Decreases Monetary 12/31/2023 Reversals Charge off For administrative, disciplinary and criminal penalties 1,559 (1,059 ) 500 Letters of credits, guarantees and other commitments (1) 2,403,512 1,877,415 146,042 (1,958,230 ) 2,176,655 Commercial claims in progress 1,540,253 2,990,634 608,307 (1,101,988 ) 2,820,592 Labor lawsuits 829,484 1,679,270 1,025,267 (850,033 ) 633,454 Pension funds - reimbursement 1,614,617 2,336,602 1,066,804 (1,665,080 ) 1,219,335 Other 2,293,034 3,558,224 158,539 1,591,020 (2,139,299 ) 1,962,400 Total provisions 8,682,459 12,442,145 158,539 4,437,440 (7,715,689 ) 8,812,936 Composition Amounts at Increases Decreases Monetary 12/31/2022 Reversals Charge off For administrative, disciplinary and criminal penalties 3,027 (1,468 ) 1,559 Letters of credits, guarantees and other commitments (1) 2,141,809 1,860,374 (1,598,671 ) 2,403,512 Commercial claims in progress 1,926,181 1,120,189 385,040 (1,121,077 ) 1,540,253 Labor lawsuits 1,306,582 1,762,742 1,507,674 (732,166 ) 829,484 Pension funds - reimbursement 644,573 1,734,279 74,249 (689,986 ) 1,614,617 Other 4,008,305 2,733,617 1,687,512 (2,761,376 ) 2,293,034 Total provisions 10,030,477 9,211,201 3,654,475 (6,904,744 ) 8,682,459 (1) These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4. The expected terms to settle these obligations are as follows: Composition 12/31/2023 12/31/2023 12/31/2022 Within 12 Over 12 For administrative, disciplinary and criminal penalties 500 500 1,559 Letters of credits, guarantees and other commitments (1) 2,176,655 2,176,655 2,403,512 Commercial claims in progress (2) 1,513,027 1,307,565 2,820,592 1,540,253 Labor lawsuits 354,211 279,243 633,454 829,484 Pension funds - reimbursement 672,026 547,309 1,219,335 1,614,617 Other 776,102 1,186,298 1,962,400 2,293,034 Total 5,492,021 3,320,915 8,812,936 8,682,459 (1) These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4. (2) See also Note 50.2. In the opinion of the Bank’s Management and its legal counsel, there are no other significant effects other than those disclosed in these consolidated Financial Statements, the amounts and settlement terms of which have been recognized based on the current value of such estimates, considering the probable settlement date thereof. |
Other Non-Financial Liabilities
Other Non-Financial Liabilities | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Other Non-Financial Liabilities | 24. OTHER NON-FINANCIAL LIABILITIES The composition of other non-financial liabilities as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Salaries, bonuses and payroll taxes payables 52,891,537 34,157,484 Withholdings 45,141,632 49,403,965 Miscellaneous payables 37,049,991 9,200,669 Taxes payables 33,767,097 24,013,937 Directors’ and syndics’ fees payable 17,494,014 2,136,436 Retirement pension payment orders pending settlement 1,588,373 3,503,012 Dividends payable (see Note 42) 80,142 Other 26,172,439 10,895,895 Total 214,185,225 133,311,398 |
Employee Benefits Payable
Employee Benefits Payable | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Employee Benefits Payable | 25. EMPLOYEE BENEFITS PAYABLE The table below presents the amounts of employee benefits payable as of December 31, 2023 and 2022: Short-term employee benefits 12/31/2023 12/31/2022 Vacation accrual 35,476,514 14,619,069 Salaries, bonuses and payroll taxes payables 17,415,023 19,538,415 Total short-term employee benefits 52,891,537 34,157,484 The Bank has not long-term employee benefits or post-employment benefits as of December 31, 2023 and 2022. |
Analysis of Financial Assets to
Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled | 26. ANALYSIS OF FINANCIAL ASSETS TO BE RECOVERED AND FINANCIAL LIABILITIES TO BE SETTLED The following tables show the analysis of financial assets and liabilities the Bank expects to recover and settle as of December 31, 2023 and 2022: 12/31/2023 Without due Up to 1 Over 1 Over 3 Over 6 Total up to 12 months Over 12 Over 24 Total over 12 Assets Cash and deposits in banks 1,203,105,095 Debt securities at fair value through profit or loss 1,285,901 242,735,856 620,520,421 834,601,516 1,699,143,694 18,788,976 34,181,167 52,970,143 Derivative financial instruments 7,937,962 3,386,733 1,818,575 13,143,270 Repo transactions 615,582,382 615,582,382 Other financial assets 52,718,261 90,451,422 15,418 2,972,126 93,438,966 34,511 55,189,651 55,224,162 Loans and other financing (1) 7,844,494 914,817,926 220,082,349 172,923,162 157,171,020 1,464,994,457 133,783,385 227,035,517 360,818,902 Other debt securities 43,700,875 272,972 44,010,662 56,847,898 144,832,407 252,716,743 33,385,348 286,102,091 Financial assets delivered as guarantee 102,444,359 30,446,725 30,446,725 Equity instruments at fair value through profit or loss 3,213,841 Total assets 1,369,326,050 1,704,223,193 466,493,328 842,244,946 1,048,620,434 4,061,581,901 405,323,615 349,791,683 755,115,298 Liabilities Deposits 1,678,922,497 1,468,496,724 138,012,172 44,635,643 39,978,607 1,691,123,146 190,666 4,301 194,967 Liabilities at fair value through profit or loss 13,825,475 13,825,475 Derivative financial instruments 772,082 1,043,884 130,385 891,528 2,837,879 Repo transactions 23,601,328 23,601,328 Other financial liabilities 362,562,577 1,082,105 1,033,831 1,798,591 366,477,104 2,688,938 5,325,901 8,014,839 Financing received from the BCRA and other financial institutions 9,204,268 3,610,758 444,049 13,259,075 6,389,125 150,811 6,539,936 Issued corporate bonds 346 2,164 12,827,488 40,567,916 53,397,914 5,466,099 5,466,099 Subordinated corporate bonds 5,723,805 5,723,805 322,503,988 322,503,988 Total liabilities 1,678,922,497 1,878,462,800 143,751,083 64,795,201 83,236,642 2,170,245,726 14,734,828 327,985,001 342,719,829 (1) The amounts included in “without due date” are related to the non-performing portfolio. 12/31/2022 Without Up to 1 Over 1 Over 3 Over 6 Total up to 12 months Over 12 Over 24 Total over 12 Assets Cash and deposits in banks 778,796,544 Debt securities at fair value through profit or loss 11,232,300 71,687,309 254,790,463 256,063,185 593,773,257 40,646,054 22,819,334 63,465,388 Derivative financial instruments 26,426 48,053 59,112 133,591 Repo transactions 192,852,624 192,852,624 Other financial assets 35,657,343 106,040,645 43,227 2,087,941 108,171,813 36,614,518 36,614,518 Loans and other financing (1) 4,535,349 819,989,852 154,227,780 175,343,251 186,873,018 1,336,433,901 183,431,453 339,688,141 523,119,594 Other debt securities 1,633,096,866 321,378,829 14,872,513 165,761,262 2,135,109,470 42,552,534 117,947,426 160,499,960 Financial assets delivered as guarantee 95,353,885 Equity instruments at fair value through profit or loss 2,614,136 Total assets 916,957,257 2,763,238,713 547,385,198 447,153,280 608,697,465 4,366,474,656 266,630,041 517,069,419 783,699,460 (1) The amounts included in “without due date” are related to the non-performing portfolio. 12/31/2022 Without due Up to 1 Over 1 Over 3 Over 6 Total up to 12 months Over 12 Over 24 Total over 12 Liabilities Deposits 1,993,987,527 1,661,474,368 324,005,727 49,846,154 4,581,098 2,039,907,347 19,603 44,789 64,392 Liabilities at fair value through profit or loss 1,638,088 1,638,088 Derivative financial instruments 5,340 2,042 7,382 Other financial liabilities 406,776,711 1,124,905 956,320 1,971,058 410,828,994 2,748,148 7,107,542 9,855,690 Financing received from the BCRA and other financial institutions 908,378 1,592,445 4,993,630 132,983 7,627,436 Issued corporate bonds 20,203 20,203 8,436,248 8,436,248 Subordinated corporate bonds 4,422,672 4,422,672 220,195,153 220,195,153 Total liabilities 1,993,987,527 2,070,802,885 326,745,322 60,218,776 6,685,139 2,464,452,122 11,203,999 227,347,484 238,551,483 |
Foreign Currency Amounts
Foreign Currency Amounts | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Foreign Currency Amounts | 27. FOREIGN CURRENCY AMOUNTS The following tables show the amounts of assets and liabilities in foreign currency as of December 31, 2023 and 2022: Item 12/31/2023 12/31/2022 Total parent Total per currency Total US dollar Euro Real Other Assets Cash and deposits in banks 1,120,369,209 1,099,343,794 17,612,492 196,007 3,216,916 655,929,629 Debt securities at fair value through profit or loss (1) 1,737,382,765 1,737,382,765 554,106,640 Other financial assets 79,181,568 79,078,052 103,516 48,810,967 Loans and other financing 179,981,350 177,098,581 400,983 2,481,786 111,920,508 From the non-financial private sector and foreign residents 179,981,350 177,098,581 400,983 2,481,786 111,920,508 Other debt securities 88,646,176 88,646,176 167,645,854 Financial assets delivered as guarantee 55,763,750 55,710,171 53,579 15,252,397 Equity Instruments at fair value through profit or loss 344,008 344,008 496,382 Total assets 3,261,668,826 3,237,603,547 18,170,570 196,007 5,698,702 1,554,162,377 Liabilities Deposits 1,023,465,739 1,010,835,069 12,630,670 532,572,442 Non-financial government sector 34,333,538 34,333,538 19,192,347 Financial sector 7,106,029 7,106,029 4,357,526 Non-financial private sector and foreign residents 982,026,172 969,395,502 12,630,670 509,022,569 Liabilities at fair value through profit or loss 13,817,710 13,817,710 1,638,088 Other financial liabilities 86,372,190 83,458,593 2,809,881 103,716 50,132,392 Financing from Central Bank of Argentina and other financial institutions 15,373,617 12,497,214 394,617 2,481,786 7,466,423 Issued corporate bonds 53,851,071 53,851,071 8,456,451 Subordinated corporate bonds 328,227,793 328,227,793 224,617,825 Other non-financial liabilities 4,526,525 4,526,132 393 168,362 Total liabilities 1,525,634,645 1,507,213,582 15,835,561 2,585,502 825,051,983 (1) Mainly including Argentine government discount bonds in dual currency for 1,488,174,537 and Argentine government Treasury bonds tied to the US dollar for 190,164,590. |
Disclosures by Operating Segmen
Disclosures by Operating Segment | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Disclosures by Operating Segment | 28. DISCLOSURES BY OPERATING SEGMENT For management purposes, the Bank’s Management has determined that it has only one operating segment related to the banking business. In this sense, the Bank supervises the operating segment income (loss) for the fiscal year in order to make decisions about resources to be allocated to the segment and assess its performance, which is measured on a consistent basis with the profit or loss in the Financial Statements. |
Income Tax
Income Tax | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Income Tax | 29. INCOME TAX a) Inflation adjustment on income tax Tax Reform Law 27430, amended by Laws 27468 and 27541, established the following, regarding inflation adjustment on income tax for the fiscal years beginning on January 1, 2018: i) such adjustment will be applicable in the fiscal year in which the variation of the CPI is higher than 100% for the thirty-six months before the end of the tax period; ii) regarding the first, second and third fiscal year after its effective date, this procedure will be applicable if the variation of the abovementioned index, calculated from the beginning until the end of each of those fiscal years exceeds 55%, 30% and 15% for the first, second and third fiscal years of application, respectively; iii) the positive or negative inflation adjustment, as the case may be, corresponding to the first, second and third fiscal years beginning on January 1, 2018, shall be allocated one third in the fiscal year for which the adjustment is calculated and the remaining two thirds in equal parts in the following two immediate fiscal years; iv) the positive or negative inflation adjustment, corresponding to the first and second fiscal years beginning on January 1, 2019, shall be allocated one sixth to the fiscal year in which the adjustment is determined and the remaining five sixth in the following immediate fiscal years; and v) for fiscal years beginning on January 1, 2021, 100% of the adjustment may be deducted in the year in which it is determined. As of December 31, 2023 and 2022, all the conditions established by the income tax Law to practice the inflation adjustment are met (see section “Fiscal years 2019 and 2020” and “Fiscal year 2021” of this note). b) Income tax rate On June 16, 2021, through Decree No. 387/2021, Law No. 27630 was issued. This law established for fiscal years beginning on or after January 1, 2021, a progressive tax rates scheme of 25%, 30% and 35% which will be applied, on a progressive basis, to the taxable accumulated net profit at the end of each fiscal year. c) The main items of deferred income tax: Composition 12/31/2023 12/31/2022 Deferred tax assets Loans and other financin g and debt securitie s 25,984,554 11,732,977 Provisions and employee benefits 5,682,945 4,819,092 Allowances for contingencies 1,710,376 2,790,085 Leases 1,816,255 1,038,052 Investments in other companies 622,731 194,596 Other 5,259,223 2,278,370 Total deferred tax assets 41,076,084 22,853,172 Composition (contd.) 12/31/2023 12/31/2022 Deferred tax liabilities Property, plant and equipment and other non-financial assets 41,254,233 34,560,134 Intangible assets 22,936,686 18,880,518 Tax effects on forward sales 15,669,095 9,632,038 Other 5,636,416 454,475 Total deferred tax liabilities 85,496,430 63,527,165 Net deferred tax liabilities 44,420,346 40,673,993 In the consolidated Financial Statements, tax assets (current and deferred) of an entity of the Group shall not be offset with the tax liabilities (current and deferred) of another entity of the Group because they correspond to income tax applicable to different taxpayers and also they are not legally entitled before the tax authority to pay or receive only one amount to settle the net position. Changes in net deferred tax liabilities as of December 31, 2023 and 2022 are summarized as follows: Composition 12/31/2023 12/31/2022 Net deferred tax liabilities at beginning of the fiscal year 40,673,993 37,605,799 Net deferred tax assets from Banco BMA SAU and its subsidiaries at the acquisition date (145,235 ) Loss for deferred taxes recognized in the statement of income 3,891,588 3,068,194 Net deferred tax liabilities at fiscal year end 44,420,346 40,673,993 The income tax charge exposed in the Statement of income and Other Comprehensive Income differs from the income tax charge that would result if all profits had been taxed at the current tax rate. The main items of income tax expense in the consolidated Financial Statements are as follows: Composition 12/31/2023 12/31/2022 12/31/2021 Current income tax expense 278,429,479 54,136,973 37,206,104 Loss for deferred taxes 3,891,588 3,068,196 (30,011,625 ) Income tax loss recorded in the statement of income 282,321,067 57,205,169 7,194,479 Income tax loss / (profit) recorded in other comprehensive income 16,761,914 (7,621,167 ) 7,335,665 Total 299,082,981 49,584,002 14,530,144 The table below shows the reconciliation between income tax and the amounts obtained by applying the current tax rate in Argentina to the income carrying amount: Composition 12/31/2023 12/31/2022 12/31/2021 Income carrying amount before income tax 869,996,208 184,177,495 145,943,999 Applicable income tax rate 35 % 35 % 35 % Income tax on income carrying amount 304,498,673 64,462,123 51,080,400 Net permanent differences and other tax effects including the fiscal inflation adjustment (22,177,606 ) (7,256,954 ) (43,885,921 ) Total income tax 282,321,067 57,205,169 7,194,479 As of December 31, 2023, 2022 and 2021, the effective Fiscal years 2019 and 2020 As decided by the Board of Directors in the meeting held on May 11, 2020, considering certain case law on the matter assessed by its legal counsel and tax advisors, on May 26 of that year, the Bank filed with the Administración Federal de Ingresos Públicos (AFIP, for its acronym in Spanish) its annual income tax return considering the total effect of the inflation adjustment on income tax (see section a) iv) of this note). As a result, the current income tax determined by Banco Macro SA for fiscal year 2019 amounted to 7,002,124 (not restated). The same criterion was applied to determine the annual income tax report for 2020, which generated accrued income tax for Banco Macro SA for such fiscal year that amounted to 9,933,210 (not restated). In addition, on July 23, 2021, the Bank filed a reimbursement action with the AFIP requesting that 254,305 (not restated) paid as income tax for the 2020 tax period be reimbursed. As to the tax periods mentioned in previous paragraphs, on November 1, 2021, the AFIP notified the beginning of an income tax audit, which is in progress. Along with the filings mentioned in the first paragraph of this section, on December 28, 2021, the Bank filed petitions for declaratory judgment with the Federal Administrative Contentious Court for the periods under analysis. The file 22274/2021, for the fiscal year 2019, is in process in Court No. 12 and the file 22278/2021, for the fiscal year 2020, is in process in Court No. 1. Fiscal year 2021 On October 17, 2022, Banco Macro SA filed a reimbursement action with the AFIP requesting that 382,189 (not restated) paid as income tax for the 2021 tax period be reimbursed. On January 3, 2023, the AFIP notified the beginning of an income tax audit related to the abovementioned fiscal year, which is in progress. Fiscal year 2022 On June 30, 2023, Banco Macro SA filed a reimbursement action with the AFIP requesting that 654,673 (not restated) paid as income tax for the 2022 tax period be reimbursed. Reimbursement actions – Fiscal years 2013 to 2017 and 2018 On October 24, 2019, Banco Macro SA filed with the AFIP-DGI (Argentine tax authorities) two reimbursement actions under the terms established by the first paragraph of section 81, Law No. 11683 requesting the reimbursement of 4,782,766 and 5,015,451 (not restated amounts) paid to tax authorities as income tax during tax periods 2013 through 2017 and 2018, respectively, arising from the impossibility to apply the adjustment for inflation and other adjustment mechanisms set forth by income tax Law (prior to the amendments introduced by Laws No. 27430 and 27468 for periods 2013 through 2017, and as revised in 2019 and amended for the 2018 tax period), plus the related compensatory interest (SIGEA [case and file management system] files No. 19144-14224/2019 and 19144-14222/2019). Since tax authorities have not yet issued a resolution with respect to the abovementioned claims, on August 7, 2020, the Bank filed both reimbursement requests under the terms of section 81, Law No. 11683 with the Federal Contentious and Administrative Trial Courts, which are pending in Courts No. 8 and 2 of such jurisdiction, respectively (cases No. 11285/2020 and 11296/2020). Currently, in connection with the file for the fiscal year 2018, the evidence stage is closed and the process for allegation was delivered. In connection with the tax periods mentioned in the previous paragraph, on December 19, 2019, the AFIP notified the beginning of the income tax audit for the 2018 tax period, and on May 3, 2021, it notified the beginning of the income tax audit for periods 2013 through 2017. On October 4, 2021, the AFIP ended the audit for periods 2013 through 2017 as the Bank had exercised in due time its right to resort to justice, and that the admission of reimbursement is subject to a court decision. |
Interest Income
Interest Income | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Interest Income | 30. INTEREST INCOME Composition 12/31/2023 12/31/2022 12/31/2021 Interest income For cash and bank deposits 6,847,489 1,246,001 79,938 For government securities 973,049,563 650,715,333 45,700,830 For debt securities 1,385,091 601,017 1,837,236 For loans and other financing Non-financial public sector 19,130,718 4,714,572 11,013,573 Financial public sector 3,281,932 1,668,874 4,100,579 Non-financial private sector Overdrafts 174,729,584 79,096,190 48,966,016 Documents 156,844,618 79,667,890 56,858,979 Mortgage loans 145,806,768 117,138,656 92,705,372 Pledge loans 9,907,765 9,268,468 6,450,988 Personal loans 244,302,502 278,318,665 292,010,854 Credit cards 199,061,254 126,764,513 89,353,520 Financial leases 3,444,764 1,073,358 511,104 Other 177,790,503 83,860,409 93,992,554 For repo transactions BCRA 196,203,904 39,348,987 51,460,032 Other financial institutions 714,542 2,020,986 319,551 Subtotal Interest and adjustment for the application of the effective interest rate of financial assets measured at amortized cost 2,312,500,997 1,475,503,919 795,361,126 Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through OCI From debt government securities 133,831,752 431,760,073 572,112,409 Subtotal Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through OCI 133,831,752 431,760,073 572,112,409 Total 2,446,332,749 1,907,263,992 1,367,473,535 |
Interest Expense
Interest Expense | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Interest Expense | 31. INTEREST EXPENSE Composition 12/31/2023 12/31/2022 12/31/2021 Interest expense For deposits Non-financial private sector Checking accounts 111,189,841 48,198,997 7,984,396 Saving accounts 18,119,619 11,858,081 7,502,306 Time deposits and investments accounts 1,453,034,330 873,804,922 529,310,249 Other 14 For Financing received from BCRA and other financial institutions 2,048,973 1,575,216 948,439 For repo transactions Other financial institutions 13,873,646 3,038,227 1,786,840 For other financial liabilities 7,199,999 2,650,408 146,700 For issued corporate bonds 1,652,176 920,032 5,229,373 For subordinated corporate bonds 14,180,562 14,412,425 19,684,477 Total 1,621,299,160 956,458,308 572,592,780 |
Commissions Income
Commissions Income | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Commissions Income | 32. COMMISSIONS INCOME Composition 12/31/2023 12/31/2022 12/31/2021 Performance obligations satisfied at a point in time Commissions related to obligations 137,669,112 132,936,263 123,560,201 Commissions related to credit cards 79,093,028 77,162,568 73,481,681 Commissions related to insurance 12,210,984 13,160,484 13,860,073 Commissions related to securities value 8,041,734 3,934,683 4,600,113 Commissions related to trading and foreign exchange transactions 5,092,503 4,755,361 5,299,559 Commissions related to loans and other financing 1,435,003 1,346,940 1,005,160 Commissions related to financial guarantees granted 548,626 32,339 35,895 Performance obligations satisfied over certain time period Commissions related to credit cards 1,040,818 1,269,694 2,230,900 Commissions related to trading and foreign exchange transactions 502,875 183,793 235,725 Commissions related to loans and other financing 74,150 22,379 29,200 Commissions related to obligations 3,716 4,893 6,624 Commissions related to financial guarantees granted 574 Total 245,712,549 234,809,397 224,345,705 |
Commissions Expense
Commissions Expense | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Commissions Expense | 33. COMMISSIONS EXPENSE Composition 12/31/2023 12/31/2022 12/31/2021 Commissions related to trading with debt securities 407,669 207,584 11,653 Commissions related to trading and foreign exchange transactions 1,517,973 777,815 928,233 Other Commissions paid ATM exchange 15,310,094 15,491,782 14,361,007 Checkbooks commissions and clearing houses 4,871,269 4,314,843 3,835,404 Credit cards and foreign trade commissions 2,836,877 2,294,475 2,282,487 Total 24,943,882 23,086,499 21,418,784 |
Net Gain from Measurement of Fi
Net Gain from Measurement of Financial Instruments at Fair Value Through Profit or Loss | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Net income from measurement of financial instruments at fair value through profit or loss | 34. NET GAIN FROM MEASUREMENT OF FINANCIAL INSTRUMENTS AT FAIR VALUE THROUGH PROFIT OR LOSS Composition 12/31/2023 12/31/2022 12/31/2021 For measurement of financial assets at fair value through profit or loss Gain from government securities 865,879,163 57,126,332 102,604,333 Gain from private securities 69,409,820 61,459,868 7,539,266 Gain / (loss) from derivative financial instruments Forward transactions 18,037,949 2,344,673 Put options (6,343,607 ) Gain / (loss) from other financial assets 1,196,753 (82,161 ) (87,773 ) Gain / (Loss) from sales or decreases of financial assets at fair value(1) 3,487,653 21,021,354 (6,299,617 ) Gain / (loss) from equity instruments at fair value through profit or loss 24,116,731 (1,241,872 ) 4,336,450 Composition (contd.) 12/31/2023 12/31/2022 12/31/2021 For measurement of financial liabilities at fair value through profit or loss Loss from derivative financial instruments Forwards transactions (568,173 ) Options (7,812,798 ) Total 974,315,271 140,628,194 101,180,879 (1) Net amount of reclassifications to profit of instruments classified at fair value through other comprehensive income that were derecognized or charged during the fiscal year. |
Differences in Quoted Prices of
Differences in Quoted Prices of Gold and Foreign Currency | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Differences in Quoted Prices of Gold and Foreign Currency | 35. DIFFERENCES IN QUOTED PRICES OF GOLD AND FOREIGN CURRENCY Composition 12/31/2023 12/31/2022 12/31/2021 Translation of foreign currency assets and liabilities into pesos 795,283,241 190,210,057 24,863,783 Income from foreign currency exchange 2,934,750 3,714,641 3,329,122 Total 798,217,991 193,924,698 28,192,905 |
Other Operating Income
Other Operating Income | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Other Operating Income | 36. OTHER OPERATING INCOME Composition 12/31/2023 12/31/2022 12/31/2021 Services 39,485,063 30,073,157 26,142,728 Adjustments and interest from other receivables 10,609,488 7,409,095 6,786,797 Adjustments from other receivables with CER clauses 7,790,354 5,229,772 2,120,949 Other receivables from financial intermediation 5,230,985 2,951,962 5,710,325 Sale of investment properties and other non-financial assets 237,032 Other 9,771,579 20,284,237 6,522,108 Total 72,887,469 65,948,223 47,519,939 |
Employee Benefits
Employee Benefits | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Employee Benefits | 37. EMPLOYEE BENEFITS Composition 12/31/2023 12/31/2022 12/31/2021 Remunerations 188,854,414 166,849,835 169,979,792 Payroll taxes 47,630,616 41,170,900 39,220,338 Compensations and bonuses to employees 33,353,002 25,271,715 23,703,343 Employee services 8,671,106 8,479,122 6,589,954 Total 278,509,138 241,771,572 239,493,427 |
Administrative Expenses
Administrative Expenses | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Administrative Expenses | 38. ADMINISTRATIVE EXPENSES Composition 12/31/2023 12/31/2022 12/31/2021 Taxes 26,941,364 19,979,498 17,764,631 Fees to directors and syndics 26,925,241 6,150,654 4,740,930 Maintenance, conservation and repair expenses 21,441,643 19,420,752 20,123,079 Other fees 16,572,872 11,766,928 10,331,148 Armored truck, documentation and events 15,437,848 16,422,544 17,596,127 Security services 11,899,472 11,715,106 12,370,028 Electricity and communications 10,395,529 10,789,374 12,329,521 Software 9,523,176 7,761,645 9,666,081 Advertising and publicity 9,292,109 7,395,622 5,293,379 Hired administrative services 3,025,778 830,539 756,692 Representation, travel and transportation expenses 2,829,322 2,127,956 1,463,854 Insurance 1,177,393 1,285,097 1,647,887 Stationery and office supplies 1,069,576 846,370 764,777 Leases 470,912 540,357 707,770 Other 7,223,754 4,901,315 6,321,808 Total 164,225,989 121,933,757 121,877,712 |
Other Operating Expenses
Other Operating Expenses | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Other Operating Expenses | 39. OTHER OPERATING EXPENSES Composition 12/31/2023 12/31/2022 12/31/2021 Turnover tax 190,149,358 128,711,123 109,594,057 From credit cards 61,395,366 53,529,578 46,642,668 Other adjustments and interests for miscellaneous obligations 9,470,756 3,754,386 1,570,677 Charges for other provisions 8,790,103 7,625,876 9,886,274 Deposit guarantee fund contributions 5,707,873 5,957,321 6,318,981 Insurance claims 2,570,038 1,357,839 543,355 Loss from sale or impairment of investment in properties and other non-financial assets 1,381,674 1,688,836 436,439 Donations 1,262,484 1,308,743 179,039 Taxes 362,433 2,624,857 2,868,750 From administrative, disciplinary and criminal penalties 252,534 Other 40,180,695 27,181,079 29,432,630 Total 321,270,780 233,739,638 207,725,404 |
Additional Disclosures in the S
Additional Disclosures in the Statement Of Cash Flows | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Additional Disclosures in the Statement Of Cash Flows | 40. ADDITIONAL DISCLOSURES IN THE STATEMENT OF CASH FLOWS The Statement of Cash Flows presents the changes in cash and cash equivalents derived from operating activities, investing activities and financing activities during the fiscal year. For the preparation of the statement of cash flows, the Bank adopted the indirect method for Operating Activities and the direct method for Investment Activities and Financing Activities. The Bank considers as “Cash and cash equivalents” the item Cash and deposits in banks and those financial assets that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. For the preparation of the Statement of Cash Flows the Bank considered the following: • Operating activities: the normal revenue-producing activities of the Bank as well as other activities that cannot qualify as investing or financing activities. • Investing activities: the acquisition, sale and disposal by other means of long-term assets and other investments not included in cash and cash equivalents. • Financing activities: activities that result in changes in the size and composition of the shareholders’ equity and liabilities of the Bank and that are not part of the operating or investing activities. The table below presents the reconciliation between the item “Cash and cash equivalents” in the Statement of Cash Flows and the relevant accounting items of the Statement of financial position: Description 12/31/2023 12/31/2022 12/31/2021 Cash and deposits in banks 1,203,105,095 778,796,544 1,045,370,900 Debt securities at fair value through profit or loss 133,754,676 29,481 Other debt securities 43,575,623 1,553,777,415 831,532,788 Loans and other financing 4,042,417 2,757,956 3,116,407 Total 1,384,477,811 2,335,331,915 1,880,049,576 The following table shows additional information on operational cash flows interest: Composition 12/31/2023 12/31/2022 12/31/2021 Interest paid (1,566,575,130 ) (732,306,511 ) (749,957,529 ) Interest collected 2,297,432,458 1,825,117,787 1,310,191,918 Total 730,857,328 1,092,811,276 560,234,389 The following table shows further information of changes in liabilities arising from financing activities for the year ended December 31, 2023 (lease liabilities changes are disclosed in Note 22): Composition Financing Issued Subordinated Opening balance 7,627,436 8,456,451 224,617,825 Cash flow items Proceeds 29,477,155 Payments (7,598,036 ) (4,877,812 ) (12,943,001 ) Non-cash flow items Movement in accrued interest 2,048,973 1,652,176 14,180,562 Derecognition or substantial modification of financial liabilities 15,117,373 1,521,405 (507,813 ) Difference in quoted prices of foreign currency 11,453,826 38,301,446 332,838,147 Monetary effects (8,850,561 ) (15,666,808 ) (229,957,927 ) Ending balance 19,799,011 58,864,013 328,227,793 |
Capital Stock
Capital Stock | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Capital Stock | 41. CAPITAL STOCK The Bank’s subscribed and paid-in capital from January 1, 2021 to December 31, 2023, amounted to 639,413. The capital stock composition is as follows: Shares Capital stock Class Stock number Votes per share Issued outstanding In treasury Paid in As of December 31, 2023, 2022 and 2021 Registered Class A shares of common stock 11,235,670 5 11,236 11,236 Registered Class B shares of common stock 628,177,738 1 628,177 628,177 Total 2023, 2022 and 2021 639,413,408 639,413 639,413 |
Earnings Per Share Dividends
Earnings Per Share Dividends | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Earnings Per Share Dividends | 42. EARNINGS PER SHARE - DIVIDENDS Basic earnings per share were calculated by dividing net profit attributable to common shareholders of the Bank by the weighted average number of common shares outstanding during the fiscal year. In calculating the weighted average of outstanding common shares, the number of shares at the beginning of the year is adjusted, if applicable, by the number of common shares issued or withdrawn during the fiscal year, weighted by the number of days those shares have been outstanding. Note 41 provides a breakdown of the changes in the Bank’s capital stock. The following table reflects the income and shares data used in the basic earnings per share: Items 12/31/2023 12/31/2022 12/31/2021 Net profit attributable to parent’s shareholders 587,324,400 126,950,267 138,744,986 Plus: Potential dilutive effect inherent to common shares (1) Net profit attributable to parent’s shareholders adjusted for dilution 587,324,400 126,950,267 138,744,986 Weighted average of outstanding common shares of the fiscal year 639,413 639,413 639,413 Plus: Weighted average of additional common shares with dilutive effects Weighted average of outstanding common shares of the fiscal year adjusted for dilution 639,413 639,413 639,413 Basic earnings per share (in pesos) 918.5368 198.5419 216.9881 (1) The Bank does not have any financial instrument that should be considered as diluted. Therefore, basic and dilutive earning per share is the same amount. Dividends paid and proposed During 2020 and 2021, the BCRA issued Communiqués that suspended the payment of earnings distributions resolved by the Shareholders’ Meetings. As a consequence of the abovementioned suspensions, as of December 31, 2021 dividends pending distribution amounted to 26,580,415 (not restated), which had been approved by the Shareholders’ Meetings held on April 30 and October 21, 2020 and April 30, 2021. On December 16, 2021, the BCRA issued Communiqué “A” 7421, which established: (i) from January 1, 2022, through December 31, 2022, financial institutions were allowed to distribute up to 20% of the amount of earnings that should have been distributed if the “Earnings distributions” rules had been applied, and (ii) financial institutions that have the BCRA’s authorization for the earnings distributions have to perform it in 12 equal, monthly and consecutive installments. On May 12, 2022, the BCRA approved the dividends distribution requested by the Bank in accordance with the Communiqué mentioned in the previous paragraph for an amount of 19,751,444 (not restated), which was paid during the fiscal year ended December 31, 2022 according to the schedule. Additionally, the balance of the approved of for exceeding Moreover, the Shareholders’ Meeting held on April 29, 2022, resolved to distribute cash dividends or dividends in kind, in this case, measured at market value for an amount of 14,187,873 (not restated), representing 22.18 six The Shareholders’ Meeting held on April 25, 2023, decided to distribute a cash dividend and/or a dividend in kind, in this case measured at market value, for an amount of 75,040,918, representing 117.36 pesos per share, prior to BCRA authorization. On May 12, 2023 the BCRA authorized this earning distribution that shall be paid in six Additionally, the Shareholders’ Meeting held on April 12, 2024, decided to distribute an amount of 294,130,168 (in constant currency as of December 31, 2023) to pay a cash dividend and/or a dividend in kind, representing 460 pesos per share, prior BCRA authorization. Pursuant to the provisions of Communique “A” 7984 issued on March 21, 2024, earning distribution shall be paid in six equal, monthly and consecutive installments. The amount of each dividend installments shall be paid in constant currency as of each payment date, after re-expression of the relevant payable amount by applying the most recently published IPC ratio before the date on which each of the above mentioned installments is made available according to the payment schedule duly fixed by the Board. See also Note 51 together with the earnings distribution proposal. Finally, as mentioned in Note 14, on September 29, 2023, Macro Agro SAU distributed cash dividends for an amount of (not restated). |
Deposit Gurantee Insurance
Deposit Gurantee Insurance | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Deposit Gurantee Insurance | 43. DEPOSIT GUARANTEE INSURANCE Law No. 24485 and Decree No. 540/1995 created the Deposit Guarantee Insurance System, which was featured as a limited, compulsory and onerous system, aimed at covering the risks of bank deposits, as subsidiary and supplementary to the deposit privilege and protection system established under the Financial Entities Law. The abovementioned legislation also provided for the incorporation of Sedesa with the exclusive purpose of managing the Deposit Guarantee Fund (DGF), Sedesa was incorporated in August 1995. Entity’s interest in the capital stock of Sedesa according to the percentages disclosed by BCRA Communiqué “B” 12755 on March 4, 2024 is as follows: Banco Macro SA 7.6285 % Banco BMA SAU 1.6414 % All deposits in pesos and foreign currency placed in participating entities in the form of checking accounts, savings accounts, certificates of deposits or other forms of deposit that the BCRA may determine up to the amount of 6,000 which must meet the requirements provided for in Presidential Decree No. 540/1995 and other requirements that the regulatory authority may determine from time to time. In addition, through Communiqué “A” 7985 issued on March 27, 2024, the BCRA resolved that from April 1, 2024, the guarantee will be up to 25,000. On the other hand, the BCRA provided from the exclusion of the guarantee system, among others, of any deposits made by other financial entities, deposits made by persons related to the Bank and securities deposits. |
Restricted Assets
Restricted Assets | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Restricted Assets | 44. RESTRICTED ASSETS As of December 31, 2023 and 2022, the following Bank’s assets are restricted: Composition 12/31/2023 12/31/2022 Cash and deposits in banks • Fondo de Riesgo Fintech SGR – Deposits in other entities (1). 1,051 181 Subtotal cash and deposits in banks 1,051 181 Composition (contd.) 12/31/2023 12/31/2022 Debt securities at fair value through profit or loss and Other debt securities • Fondo de Riesgo Fintech SGR – Debt securities at fair value through profit or loss and other debt securities (1). 13,198,194 14,764,011 • Argentine government discount bonds in dual currency - Maturity: 02/28/2024 as of December 31, 2023 and Argentine government Treasury bonds in pesos adjusted by CER 1.40% - Maturity 03/27/2023, as of December 31, 2022, for the contribution to the Guarantee Fund II in BYMA according to section 45, Law 26831 and supplementary regulations established by CNV standards (NT 2013, as amended). 1,270,908 46,372 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. Auction No. 2. 948,601 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033 for the minimum statutory guarantee account required for Agents to act in the new categories contemplated under Resolution No. 622/2013, as amended, of the Argentine Securities Commission (CNV). 273,824 289,160 • Argentine government Treasury bonds in pesos adjusted by CER 2% – Maturity: 11/09/2023, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. 236,952 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033, as of December 31, 2023 and Argentine government Treasury bonds in pesos adjusted by CER 1.40% - Maturity 03/27/2023 as of December 31, 2022, to guarantee the sectoral Credit Program of the Province of San Juan, production investment financing fund. 142,642 259,462 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033, as of December 31, 2023 and Argentine government Treasury bonds in pesos adjusted by CER 1.40% - Maturity 03/27/2023 as of December 31, 2022, to guarantee the Regional Economies Competitiveness Program – IDB loan No. 3174/OC-AR. 15,046 104,888 • Argentine government Treasury bills in pesos adjusted by CER – Maturity: 02/17/2023. 463,748 • Other. 400,448 Subtotal Debt securities at fair value through profit or loss and Other debt securities 16,486,615 15,927,641 Other financial assets • Interests derived from contributions made as protector partner (2). 8,171,284 7,516,007 • Fondo de Riesgo Fintech SGR – Mutual fund shares (1). 1,768,691 375,252 • Financial instruments for minimum statutory guarantee account required for Agents to act in the new categories contemplated under Resolution No. 622/2013, as amended, of the CNV. 338,679 452,946 • Sundry debtors – other. 285,858 27,363 • Sundry debtors – attachment within the scope of the claim filed by the DGR against the CABA for turnover tax differences. 827 2,575 Subtotal Other financial assets 10,565,339 8,374,143 Loans and other financing • Fondo de Riesgo Fintech SGR – Loans and other financing (1). 190,204 15,882 Subtotal Loans and other financing 190,204 15,882 Composition (contd.) 12/31/2023 12/31/2022 Financial assets delivered as a guarantee • Special guarantee checking accounts opened in the BCRA for transactions related to the electronic clearing houses and similar entities. 68,117,546 77,305,537 • For securities forward contracts. 30,446,725 • Guarantee deposits related to credit and debit card transactions. 8,498,400 12,591,964 • Other guarantee deposits. 25,828,413 5,456,384 Subtotal Financial assets delivered as guarantee 132,891,084 95,353,885 Other non-financial assets • Real property related to a call option sold. 7,440,213 7,648,643 • Fondo de Riesgo Fintech SGR – Other non-financial assets (1). 11,027 40,352 Subtotal Other non-financial assets 7,451,240 7,688,995 Total 167,585,533 127,360,727 (1) According to Law 24467, as amended, and Fintech SGR By-Law, this entity has a risk fund (“Fondo de Riesgo”) which its main objective is to cover the guarantees granted to the protector partners and third parties. The assets of the risk fund could only be applied to partners’ withdrawals, to cover guarantees and other direct expenses. (2) As of December 31, 2023 it is related to the risk fund Fintech SGR, Alianza SGR and Innova SGR. As of December 31, 2022 it is related to the risk fund Fintech SGR and Garantizar SGR. In order to keep tax benefits related to these contributions, they must be maintained between two and three years from the date they were made. |
Trust Activities
Trust Activities | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Trust Activities | 45. TRUST ACTIVITIES The Bank is related to several types of trusts. The different trust agreements according to the business purpose sought by the Bank are disclosed below: 45.1 Financial trusts for investment purposes Debt securities include mainly prepayments towards the placement price of provisional trust securities of the financial trusts under public and private offerings (Confibono and Secubono). The assets managed for these trusts are mainly related to securitizations of consumer loans. Trust securities are placed once the public offering is authorized by the CNV. Upon expiry of the placement period, once all trust securities have been placed on the market, the Bank recovers the disbursements made, plus an agreed-upon compensation. If after making the best efforts, such trust securities cannot be placed, the Bank will retain the definitive trust securities. In addition, the Bank’s portfolio is completed with financial trusts for investment purposes, trust securities of definitive financial trusts in public and private offering (Confibono, Secubono, Supercanal, Payway cobro anticipado, Solidario de Infraestructura Nasa IV, Moni Mobile and Red Surcos) and certificates of participation (Arfintech). As of December 31, 2023 and 2022, debt securities and certificates of participation in financial trusts for investment, amounted to 877,222 and 2,961,172, respectively. According to the latest accounting information available as of the date of issuance of these consolidated Financial Statements, the corpus assets of the trusts exceed the carrying amount in the related proportions. 45.2 Trusts created using financial assets transferred by the Bank (securitization) The Bank transferred financial assets (loans) to trusts for the purpose of issuing and selling securities for which collection is guaranteed by the cash flow resulting from such assets or group of assets. Through this way the funds that were originally used by the Bank to finance the loans are obtained earlier. As of December 31, 2023 and 2022, considering the latest available accounting information as of the date of issuance of these consolidated Financial Statements, the assets managed through Macro Fiducia SAU (subsidiary) of this type of trusts amounted to 2,636 and 36,372, respectively. 45.3 Trusts guaranteeing loans granted by the Bank As it is common in the Argentine banking market, the Bank requires, in some cases, that the debtors present certain assets or entitlements to receive assets in a trust as a guarantee for the loans granted. This way, the risk of losses is minimized and access to the security is guaranteed in case of the debtor’s non-compliance. Trusts usually act as conduits to collect cash from the debtor’s flow of operations and send such cash to the Bank for the payment of the debtor’s loans and thus ensure compliance with the obligations assumed by the trustor and guaranteed through the trust. Additionally, other guarantee trusts manage specific assets, mainly real property. Provided there is no non-compliance or delays by the debtor in the obligations assumed with the beneficiary, the trustee shall not execute the guarantee and all excess amounts as to the value of the obligations are reimbursed by the trustee to the debtor. As of December 31, 2023 and 2022, considering the latest available accounting information as of the date of issuance of these consolidated Financial Statements, the assets managed by Banco Macro SA and Macro Fiducia SAU, amounted to 801,979 and 8,474,233, respectively. 45.4 Trusts in which the Bank acts as Trustee (Management) The Bank, through its subsidiaries, performs management duties of the corpus assets directly according to the agreements, performing only trustee duties and has no other interests in the trust. In no case shall the Trustee be liable with its own assets or for any obligation deriving from the performance as trustee. Such obligations do not imply any type of indebtedness or commitment for the trustee and they will be fulfilled only through trust assets. In addition, the trustee will not encumber the corpus assets or dispose of them beyond the limits established in the related trust agreements. The fees earned by the Bank from its role as trustee are calculated according to the terms and conditions of the agreements. Trusts usually manage funds derived from the activities performed by trustors, for the following main purposes: • Guaranteeing, in favor of the beneficiary the existence of the resources required to finance and/or pay certain obligations, such as the payment of amortization installments regarding work or service certificates, and the payment of invoices and fees stipulated in the related agreements. • Promoting the production development of the private economic sector at a provincial level. • Being a party to public work concession agreements granting road exploitation, management, keeping and maintenance. As of December 31, 2023 and 2022, considering the latest available accounting information as of the date of issuance of these consolidated Financial Statements, the assets managed by the Bank amounted to 36,828,076 and 55,463,790, respectively. |
Mutual Funds Depositary Functio
Mutual Funds Depositary Function | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Mutual Funds Depositary Function | 46. MUTUAL FUNDS DEPOSITARY FUNCTION 46.1 As of December 31, 2023 Banco Macro SA, in its capacity as depositary company, holds in custody the shares in mutual funds subscribed by third parties and assets from the following mutual funds: Funds Number of shares Equity Argenfunds Abierto Pymes 3,395,118,210 36,292,401 Argenfunds Ahorro Pesos 219,019,594 12,869,141 Argenfunds Gestión Pesos 100,000 100 Argenfunds Infraestructura 53,634 186 Argenfunds Inversión Dólares 1,000 808 Argenfunds Inversión Pesos 1,257,894,708 3,070,031 Argenfunds Liquidez 8,185,225,762 62,665,262 Argenfunds Renta Argentina 276,239,550 16,986,764 Argenfunds Renta Balanceada 576,696,850 22,620,396 Argenfunds Renta Capital 17,395,743 14,401,148 Argenfunds Renta Crecimiento 3,561,871 2,829,405 Argenfunds Renta Dinámica 87,902,584,421 16,207,766 Argenfunds Renta Fija 562,316,270 56,361,740 Argenfunds Renta Flexible 46,040,329 758,656 Argenfunds Renta Global 320,257,696 6,959,975 Argenfunds Renta Mixta 230,289,873 2,556,714 Argenfunds Renta Mixta Plus 1,352,780 985,752 Argenfunds Renta Pesos 96,499,608 7,014,721 Argenfunds Renta Total 548,961,979 2,400,303 Argenfunds Renta Variable 464,860,603 135,231 Argenfunds Retorno Absoluto 183,704,189 2,234,105 Pionero Acciones 27,311,674 15,077,147 Pionero Ahorro Dólares 18,783,148 14,784,099 Pionero Argentina Bicentenario 424,876,097 10,334,738 Pionero Capital 13,010 103 Pionero Crecimiento 3,263,377,175 13,407,144 Pionero Desarrollo 6,946,940,217 30,817,687 Pionero Empresas FCI Abierto Pymes 380,820,096 11,768,957 Pionero FF 58,593,299 5,008,037 Pionero Gestión 2,151,203,219 27,550,902 Pionero Infraestructura 3,578,769,248 10,156,263 Pionero Pesos 1,624,969,051 67,068,175 Pionero Pesos Plus 26,250,833,465 650,275,506 Pionero Recovery 100,000 100 Pionero Renta 53,983,122 31,550,753 Pionero Renta Ahorro 215,602,532 22,807,841 Pionero Renta Ahorro Plus 1,839,539,908 52,100,083 Pionero Renta Balanceado 12,720,486,020 62,534,628 Pionero Renta Estratégico 720,930,495 19,291,981 Pionero Renta Fija Dólares 4,758,144 3,476,567 Pionero Renta Mixta I 161,169,380 8,350,541 Pionero Retorno 2,172,232,683 10,434,490 46.2 As of December 31, 2023 Banco BMA SAU, in its capacity as depositary company, holds in custody the shares in mutual funds subscribed by third parties and assets from the following mutual funds: Funds Number of shares Equity Goal Acciones Argentinas 17,875 2,175,816 Goal Renta Crecimiento 33,615,635 22,825,724 Goal Acciones Plus 5,318,532 553,163 Goal Capital Plus 60,324,684 1,285,791 Goal Ahorro Max 159,716,379 7,194,264 Goal Multiestrategia 110,000 145 Goal Multiestrategia Plus 110,000 145 Goal Perfomance 65,332,675 4,551,112 Goal Perfomance II 247,952 6,343 Goal Perfomance III 469,324,626 15,609,164 Goal Pesos 2,950,257,655 288,310,870 Goal Premium 4,157,507 8,975 Goal Renta Dólares 6,268,286 5,798,773 Goal Renta Dólares Estrategia 4,984,690 4,472,663 Goal Renta Dólares Plus 1,380,938 1,054,945 Goal Renta Global 324,102,023 32,509,640 Goal Retorno Total 16,131,946 641,377 Goal Renta Pesos 17,360,304 1,218,521 |
Accounting Items that Identify
Accounting Items that Identify the Compliance with Minimum Cash Requirements | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Accounting Items that Identify the Compliance with Minimum Cash Requirements | 47. ACCOUNTING ITEMS THAT IDENTIFY THE COMPLIANCE WITH MINIMUM CASH REQUIREMENTS The items recognized by the Bank to constitute the minimum cash requirement effective for December 2023 are listed below, indicating the amounts as of month-end of the related items: Items Banco Macro SA Banco BMA SAU Cash and deposits in banks Amounts in BCRA accounts 339,996,978 175,949,238 Other debt securities Government securities computable for the minimum cash requirements 114,801,555 43,123,027 Financial assets delivered as guarantee Special guarantee accounts with the BCRA 57,193,494 9,167,035 Total 511,992,027 228,239,300 |
Corporate Bonds Issuance
Corporate Bonds Issuance | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Corporate Bonds Issuance | 48. CORPORATE BONDS ISSUANCE 48.1 Banco Macro SA The corporate bonds liabilities recorded by the Bank are as follows: Corporate Bonds Original value Residual face value as of 12/31/2023 12/31/2022 Subordinated Resettable – Class A USD 400,000,000 (1 ) USD 400,000,000 328,227,793 224,617,825 Non-subordinated – Class E USD 17,000,000 (2 ) USD 17,000,000 12,455,209 8,456,451 Non-subordinated – Class F USD 53,000,000 (3 ) USD 53,000,000 41,420,786 Total 382,103,788 233,074,276 On April 26, 2016, the general regular shareholders’ meeting approved the creation of a Global Program for the Issuance of Medium-Term Debt Securities, in accordance with the provisions of Law No. 23576, as amended and further applicable regulations, up to a maximum amount outstanding at any time during the term of the program of USD 1,000,000,000 (one billion US dollars), or an equal amount in other currencies or power units, under which it is possible to issue simple corporate bonds, not convertible into shares in one or more classes. Also, on April 28, 2017, the General and Special Shareholder’ Meeting resolved to extend the maximum amount of the abovementioned Global Program up to USD 1,500,000,000 (one thousand five hundred millions US dollars), and on April 27, 2018, the abovementioned Shareholders’ Meeting resolved to increase the maximum amount of the Global Program for the Issuance of Corporate Bonds, in face value, from USD 1,500,000,000 to USD 2,500,000,000 or an equal amount in other currencies, as determined by the Board of Directors in due time. Finally, on October 20, 2021 due to a Board of Director resolution, the Bank required from the CNV a five-year extension of the abovementioned program, which was approved by the Regulator through a note issued on December 15, 2021. (1) On November 4, 2016, under the abovementioned Global Program, the Bank issued Subordinated Resettable Corporate Bonds, class A, at a fixed rate of 6.750% p.a. until reset date, fully amortizable upon maturity (November 4, 2026) for a face value of USD 400,000,000 (four hundred million US dollars), under the terms and conditions set forth in the pricing supplement dated October 21, 2016. Interest is paid semiannually on May 4 and November 4 of every year and the reset date was November 4, 2021. As of the date of issuance of these consolidated Financial Statements, the reset rate was established until the maturity date at 6.643% as a result of the benchmark reset rate plus 546.3 basis points, according to the abovementioned terms and conditions. As the Bank had not exercised the option to fully or partially redeem the issuance on the reset date and under the conditions established in the pricing supplement, it was established up to maturity. On the other hand, it could be fully redeemed, not partially, and only for tax or regulatory purposes. The Bank used the funds derived from such issuance to grant loans in accordance with BCRA guidelines. (2) On May 2, 2022, under the abovementioned Global Program, the Bank issued Class E non-subordinated simple corporate bonds not convertible into shares, for a face value of USD 17,000,000 at a fixed rate of 1.45%, fully amortizable upon maturity (May 2, 2024), under the terms and conditions set forth in the price supplement dated April 21, 2022. Interest is paid quarterly on August 2, 2022, November 2, 2022, February 2, 2023, May 2, 2023, August 2, 2023, November 2, 2023, February 2, 2024, and May 2, 2024. At any time, according to the current regulations, particularly the BCRA’s foreign exchange regulations, the Bank may opt to redeem, Class E Corporate Bonds in full, not partially, at a price equal to (a) 102% of the outstanding principal if the Bank decides to make the redemption from the date of issuance and settlement through the term of 9 months therefrom, including the last business day; (b) 101% of outstanding principal if the Bank decides to make the redemption within the term starting 9 months after the date of issuance and settlement until the Class E maturity date, in all cases, along with the additional amount and accrued and unpaid interest, excluding the redemption date. (3) On October 31, 2023, under the abovementioned Global Program, the Bank issued Class F corporate bonds for a face value of USD 53,000,000 (fifty-three million US dollars) at a fixed rate of 5%, fully amortizable upon maturity (October 31, 2024), under the terms and conditions set forth in the price supplement dated October 24, 2023. Interest is paid semiannually on April 30, 2024, and at the expiration date. At any time, according to the current regulations, particularly the BCRA’s foreign exchange regulations, the Bank may opt to redeem Class F corporate bonds in full, but not partially, at a price equal to (a) 102% of the outstanding principal if the Bank decides to redeem the bonds between the date of issuance and settlement date through the term of 9 months therefrom, including the last business day; (b) 101% of outstanding principal if the Bank decides to redeem them within the term starting 9 months after the date of issuance and settlement through Class F corporate bonds maturity date; in any case, along with the additional amounts and accrued and unpaid interest, excluding the redemption date. 48.2 Banco BMA SAU The corporate bonds liabilities recorded by Banco BMA SAU are as follows: Corporate Bonds Original value Residual face 12/31/2023 12/31/2023 Non-subordinated –Series XXXII 1,000,000,000 1,000,000,000 4,988,018 Total 4,988,018 On February 29 2008 30 2008 15869 30 2008 On March 9 2013 23 2018 19527 On March 14 2022 18 2025 |
Off Balance Sheet Transactions
Off Balance Sheet Transactions | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Off Balance Sheet Transactions | 49. OFF BALANCE SHEET TRANSACTIONS In addition to Note 4, the Bank maintains different off balance sheet transactions, pursuant to the BCRA standards. The composition of the amounts of the main off balance sheet transactions as of December 31, 2023 and 2022, is as follows: Composition 12/31/2023 12/31/2022 Custody of government and private securities and other assets held by third parties 3,487,291,513 2,257,608,251 Preferred and other collaterals received from customers (1) 804,907,126 583,896,569 Securities received guarantee repurchase transactions (see Note 7) 679,456,540 212,163,266 Checks already deposited and pending clearance 109,014,652 52,405,298 Outstanding checks not yet paid 79,104,701 62,104,463 Written-off credits 29,954,761 20,246,250 (1) Related |
Tax and Other Claims
Tax and Other Claims | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Tax and Other Claims | 50. TAX AND OTHER CLAIMS 50.1 Tax claims The AFIP and tax authorities of the relevant jurisdictions have reviewed the tax returns filed by the Bank related to income tax, minimum presumed income tax and other taxes (mainly turnover tax). As a result, there are claims pending at court and/or administrative levels, either subject to discussion or appeal. The most significant claims are summarized below: a) AFIP’s challenges against the income tax returns filed by former Banco Bansud SA (for the fiscal years from June 30, 1995, through June 30, 1999, and for the irregular six-month period ended December 31, 1999) and by former Banco Macro SA (for the fiscal years ended from December 31, 1998, through December 31, 2000). The matter under discussion that has not been resolved as yet and on which the regulatory agency bases its position is the impossibility of deducting credits that have collateral security, an issue that has been addressed by the Federal Administrative Tax Court and CSJN in similar cases, which have issued resolutions that are favorable to the Bank’s position. b) The AFIP’s ex-officio undocumented expenses determinations for the periods February, April, May 2015 and from July 2015 through January 2018, both included of date April 19, 2021, On October 5, 2021, the Bank filed an appeal to the Federal Tax Court which is in process in Courtroom B, Office 6, under file 2021-96970075. c) Ex-officio turnover tax determinations in progress and/or adjustments, as a withholding agent and over municipal fees, pending resolution by the tax authorities of certain jurisdictions. The Bank’s Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the abovementioned proceedings other than those disclosed in these consolidated Financial Statements. 50.2 Other claims Before merging with and into the Bank, Banco Privado de Inversiones SA (BPI) had a pending class action styled “Adecua v, Banco Privado de Inversiones on ordinary proceedings”, File No. 19073/2007, pending with Commercial Court No. 3 in and for the CABA, Clerk’s Office No. 5, whereby it was required to reimburse to its clients the life insurance amounts overcharged to amounts payable as well as to reduce the amounts charged in this regard in the future; this legal proceeding was concluded upon the abovementioned merger because BPI complied in full with the terms of the court-approved agreement reached with Adecua before answering the complaint. However, in March 2013, when BPI had already been merged with and into the Bank, the trial court resolved to amend the terms of the agreement and ordered the reimbursement of amounts of money to a larger number of clients as compared to the number arising from the terms approved by the court in due time. Such resolution was appealed by the Bank as BPI’s surviving company. The appeal was dismissed by the Court of Appeals, which abrogated both the trial court decision and the court-approved agreement, thus ordering the Bank to answer the complaint. This gave rise to the filing of an extraordinary appeal against such decision as well as the subsequent filing of a complaint for the extraordinary appeal denied. On May 5, 2021, the Bank was notified of the dismissal of the complaint appeal, ordering the return of the main process to the CNACAF for continuing with the proceedings, who also submitted them to the trial court, which received them on 09/27/2021 and were requested as effectum vivendi in proceedings “Estado Nacional – Ministerio Producción de la Nación c/ Asociación de Defensa de los Consumidores y Usuarios de la R.A y otros s/Ordinario” (File No. 6757/2013), in which the Bank is not a party, by the commercial court, clerk’s office No. 11. As of the date of issuance of these consolidated Financial Statements, resolution is still pending. Moreover, the Bank is subject to a class actions for the same purpose, currently pending with Commercial Court No. 7 in and for the CABA, Clerk’s Office No. 13, styled Unión de Usuarios y Consumidores v, Nuevo Banco Bisel on ordinary proceedings, File No. 44704/2008. There are also other class actions initiated by consumer protection associations in relation to the collection of certain commissions and/or financial charges or practices and certain withholdings made by the Bank to individuals as CABA stamp tax withholding agent. The Bank’s Management and its legal counsel consider no further significant accounting effects could arise from the final outcome of the abovementioned proceedings other than those disclosed in these consolidated Financial Statements. |
Restriction On Dividends Distri
Restriction On Dividends Distribution | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Restriction On Dividends Distribution | 51. RESTRICTION ON DIVIDENDS DISTRIBUTION a) According to BCRA regulations, 20% of Banco Macro SA income for the year (calculated in accordance with BCRA rules), b) Through Communiqué “A” 6464, as amended, the BCRA establishes the general procedure to distribute earnings. According to that procedure, earnings may only be distributed if certain circumstances are met, such as no records of financial assistance from the BCRA due to illiquidity or shortages in payments of minimum capital or minimum cash requirement deficiencies and not being subject to the provisions of sections 34 and 35 bis of the Financial Entities Law (sections dealing with tax payment and restructuring agreements and reorganization of the Bank), among other conditions listed in the abovementioned communiqué that must be met. In addition, the earnings distribution approved by the shareholders’ meeting of the Bank could only be formalized once the Superintendence of Financial and Foreign Exchange Institutions approved it. Additionally, profits may only be distributed to the extent that the financial institution has positive results, after deducting, on a non-accounting basis, from retained earnings and the optional reserves for the future distribution of profits, (i) the amounts of the legal and other earnings reserves which are mandatory, (ii) all debit amounts of each one of the accounting items recognized in “Other Comprehensive Income”, (iii) income from of the revaluation of property, plant and equipment, intangible assets and investment property, (iv) the positive net difference between the amortized cost and the fair value of government debt instruments and/or monetary regulation instruments issued by the BCRA for those instruments recognized at amortized cost, (v) the adjustments identified by the Superintendence of Financial and Exchange Entities of the BCRA or by the independent external auditor and that have not been recognized in the accounting records and (vi) certain franchises granted by the BCRA. Moreover, no profit distributions shall be made out of the profit originated as a result of the first-time application of the IFRS, for which a normative reserve was created, and its balance as of December 31, 2023 was 66,647,815 (nominal value: 3,475,669). Additionally, as of December 31, 2023, the related adjustments to be made on unappropriated retained earnings of Banco Macro SA as Other comprehensive income amount to 1,839,683. The Bank must verify that, after completion of the earning distribution, a capital maintenance margin equal to 3.5% of risk-weighted assets is kept, apart from the minimum capital required by law, to be integrated by Tier 1(Con1) ordinary capital, net of deductible items (CDCOn1). c) Pursuant to CNV General Resolution No. 622, the shareholders’ meeting in charge of analyzing the annual Financial Statements will be required to decide on the application of the Bank’s retained earnings, such as the actual distribution of dividends, the capitalization thereof through the delivery of bonus shares, the creation of earnings reserves additional to the legal earnings retained or a combination of any of these applications. Moreover, as mentioned in Note 42, the Shareholders’ Meeting held a) 117,460,821 to the Legal reserve; b) 1,737,775 to the Personal assets tax on shares and equity interests (Impuesto sobre los Bienes Personales Sociedades y Participaciones), and; c) 468,715,309 to a Facultative reserve for future distribution of earnings. Additionally, the abovementioned Shareholders’ Meeting decided to partially reverse the Facultative reserve for future distribution of earnings for an amount of 294,130,168 to pay a cash dividend and/or a dividend in kind, prior BCRA authorization. |
Capital Management, Corporate G
Capital Management, Corporate Governance Transparency Policy and Risk Management | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Capital Management, Corporate Governance Transparency Policy and Risk Management | 52. CAPITAL MANAGEMENT, CORPORATE GOVERNANCE TRANSPARENCY POLICY AND RISK MANAGEMENT As a financial institution, the activities of Banco Macro SA are governed by Financial Entities Law No. 21526, as supplemented, and the regulations issued by the BCRA. Moreover, the Bank adheres to the good banking practices included in the Financial Entities Corporate Governance Guidelines, as supplemented of the BCRA. The Bank publicly trades its shares on the Buenos Aires Stock Exchange (BCBA, for its acronym in Spanish) and, thus, it is subject to the regulations issued by the CNV. Through General Resolution No. 797/19, the CNV established the minimum contents of the Corporate Governance Code, adding notions of good corporate governance to corporate management as guidelines or recommendations that seek to provide transparency thereto. The CNV annually requires the issuance of a report in which financial institutions have to explain how the recommendations are implemented or to explain the reasons why it decided not to adopt the good practices described in such resolution. The Bank annually publishes a document called Corporate Governance Explanatory Report together with the Annual Report to the Shareholders for the fiscal year, required by regulations, which is available on the Bank’s website and on that of such enforcement agency. This regulation reinforces the notions contained in Capital Markets Law establishing principles such as “full disclosure”, “transparency”, “efficiency”, “public investor protection”, “equal footing between investors” and “protection of the stability of financial entities and financial intermediaries”. On the other hand, as the Bank lists its shares on the NYSE, qualifying as a foreign private issuer, it is required to comply with certain corporate governance standards as established in section 303A of the NYSE’s Listed Company Manual, as amended. The main guidelines under the BCRA standards contemplated in the revised text “Financial Entities Corporate Governance Guidelines”, as supplemented, are as follows. (The information included in this section may not be entirely applicable to Banco BMA SAU (formerly known as Banco Itaú Argentina SA), BMA Asset Management SA (formerly known as Itaú Asset Management SA) and BMA Valores SA (formerly known as Itaú Valores SA), which were acquired at the end of the fiscal year (see Note 14) and are in the process of integration into Grupo Macro). • Ownership structure As of December 31, 2023, the Bank’s shareholders are: Full name / corporate name Participating Voting Interest Fideicomiso de Garantía JHB BMA (1) 17.28 19.65 Carballo Delfín Jorge Ezequiel 19.26 20.86 ANSES FGS Law No. 26425 28.80 26.91 Grouped shareholders (Local stock exchanges) 11.43 10.87 Grouped shareholders (Foreign stock exchanges) 23.23 21.71 (1) As of the date of issuance of these consolidated Financial Statements and due to the passing of Mr. Jorge Horacio Brito on November 20, 2020 and as a testamentary disposition, his shares were transferred to Fideicomiso de Garantía JHB BMA, which beneficiaries are his forced heirs. • Board of Directors and Senior Management The Bank’s Board of Directors is currently made up of 11 regular directors and 3 alternate directors. Members are renewed by thirds and the appointed Directors remain in office for three fiscal years. Directors are selected and appointed by the Shareholders’ Meeting. Once elected, the BCRA must confirm the designation of the Directors, expressly authorizing them to accept the designation, pursuant to the terms as to experience and knowledge, contained in the rules CREFI 2-Creation, Operation and Expansion –XV- Financial Entities Authorities. Name Position Jorge Pablo Brito Chairperson Carlos Alberto Giovanelli Vice chairperson Nelson Damián Pozzoli Director Fabian Alejandro d Director Constanza Brito Director Sebastián Palla (1) Director Mario Luis Vicens (1) Director Delfín Federico Ezequiel Carballo Director Marcos Brito Director José Sanchez Director Hugo Raúl C Lazzarini (1) y (2) Director Delfín Jorge Ezequiel Carballo (3) Alternate director Santiago Horacio Seeber Alternate director Guido Agustín Gallino (1) y (2) Alternate director (1) Independent directors. (2) Designated by ANSES-FGS proposal. (3) The Shareholders’ Meeting held on April 12, 2024 decided the designation of Nicolás Valenzuela as director to fill the vacancy created as a consequence of the resignation submitted by Guillermo Merediz and the designation of Juan Ignacio Catalano as alternate director to fill the vacancy created as a consequence of the resignation submitted by Delfín Jorge Ezequiel Carballo. Moreover, and as a proposal of ANSES-FGS, the mentioned Shareholders’ Meeting also decided the designation of Juan Facundo Etchenique, as regular director who has informed his resignation on April 24th due to strictly personal reasons. Directors should be morally suitable, experienced and knowledgeable in the banking business and meet the requirements established in the effective regulations, issued by the BCRA. Compliance with these requirements is assessed when the shareholders’ meeting appoints the directors and on a regular basis during their term of office. At present, five Directors are independent, pursuant to the provisions of the CNV rules and regulations and the provisions of the Financial Entities Corporate Governance Guidelines issued by the BCRA. Senior Management is directed by a General Manager appointed by the Board and also includes officers reporting directly to the general manager, forming the Senior Management, as well as officers of four staff areas reporting directly to the Board. Members are detailed below: Name Position Gustavo Alejandro Manriquez CEO Gerardo Adrian Álvarez Human resources and administration manager Alberto Figueroa Risk management manager Ernesto López Legal manager Ana María Magdalena Marcet Credit risk manager Juan Domingo Mazzon Government and Management control manager Ernesto Eduardo Medina System manager Brian Anthony Commercial banking manager Francisco Muro Distribution and sales manager Jorge Francisco Scarinci CFO Agustín Devoto Investment banking manager Adrian Mariano Scosceria Corporate banking manager • Committees The corporate by-laws state that the Board of Directors may establish the Committees that it deems appropriate for the business of the Bank, as well as appoint their members. The Bank currently features the following Committees: Committee Functions CNV Audit / SEC They are established in Capital Markets Law, as supplemented. Internal Audit Overseeing the proper operation of the internal control systems defined at the Bank through a periodic assessment thereof and contributing to improving the effectiveness of internal controls. Risk Management It is in charge of monitoring Senior Management’s activities involving the management of credit, market, liquidity, operational, compliance and reputation risks, among others. It advises the Board of Directors on the Bank’s risks. Assets and Liabilities Setting out the Bank’s financial strategy, analyzing the markets and establishing the policies on assets and liabilities, management of market, liquidity, interest rate and currency risks. Technology Governance and Information Security Committee Overseeing the proper operation of the information technology environment and contributing to improving the effectiveness thereof. Credit Approving credit transactions based on credit capacity. Legal Recovery Engaged in defining payment arrangements exceeding the predetermined parameters, as well as reclassifying portfolio to be subject to legal proceedings or accounting derecognitions. Personnel Incentives Ensuring the financial incentives for personnel system is consistent with the culture, the objectives, the business in the long term, the strategy and the control environment of the Bank. Ethics and Compliance Ensuring the Bank has the proper means to promote correct decision-making and compliance with internal and external regulations. Corporate Governance and Designations The Committee’s duties include those related to the process of renewing and replacing Senior Management members and the succession plans. It is also in charge of applying the Corporate Governance Code at the Bank and at its subsidiaries. Anti-money Laundering of assets and terrorism financing Planning and coordinating compliance with the policies established by the Board of Directors on the matter. Financial Services User Protection The duties of this Committee include those related to ensure the existence and maintenance of a financial services user protection process and a customer service system. • Code of ethics The Bank has established a Code of Ethics for directors and senior management, expecting that their members act according to the highest standards of personal and professional integrity in all aspects of their activities; to comply with the applicable law, to discourage reproachable behaviors and to comply with the Bank’s Code of Conduct and other policies and procedures governing employee conduct. This Code of ethics is supplemental to the Bank’s Code of Conduct. • Code of Conduct The Entity promotes a work environment where responsibility, execution, commitment, results, loyalty, honesty, good communication and teamwork are encouraged. The goal is to base daily relationships on mutual respect, trust and cordial and simple behavior between coworkers and bosses as well as with suppliers and customers, developing all the activities with the highest ethical working and personal principles. In that direction, the Code of Conduct is intended to establish the principles and values that all Bank members must comply with. The trust provided by shareholders, customers and the general public depends to a large extent on compliance with these principles. • Ethical line According to ethical behavior standards, an Ethical line or a report channel was implemented for the Bank and its subsidiaries, which is managed by an external third party, ensuring compliance with anonymity and confidentiality principles. Reports are received by the Ethical and Compliance Committee, which becomes aware of them, as well as the resolution of cases, following the protocols. Branches As of the date of issuance of these consolidated Financial Statements, the Bank has 519 branches (including BMA SAU branches) throughout the entire country. Subsidiaries The Bank carries out certain transactions through its subsidiaries, which are identified in Note 3 to these consolidated Financial Statements. Business lines The Bank’s business lines and transactions with trusts are mentioned in Notes 1 and 45 • Incentive practices The Bank adopts a compensation policy that comprises fixed and variable compensation; the latter is granted within the framework of an objective and competency assessment process. The variable compensation program, in the context of the compensation policy, is consistent with the Bank’s mission, values, organization, objectives, long-term business sustainability, strategy, control environment and the prudent assumption of risk. It is aimed at recognizing the extraordinary performance displayed by employees according to: • Their contribution to the results reached. • Their management in keeping with the Bank’s mission and values. In addition, the Entity has a Clawback Policy in accordance with the provisions of Section 303A.14 of the Listed Companies Manual of the New York Stock Exchange (NYSE), which was required by Rule 10D-1 of the Securities Exchange Act of 1934. The rule is applicable to any executive officer of the group and applies only in the event that the Entity or its subsidiaries required accounting restatement to correct a material error in the Financial Statements previously issued. The key variables in determining compensation are: • The level of responsibility and complexity of the position. • The person’s competencies and potential. • The person’s performance and outcomes. • The position with respect to the benchmark market. • The results reached by the Bank. The Incentives Committee is in charge of ensuring the financial incentives for personnel system are consistent with the culture, the objectives, the business in the long term, the strategy and the control environment of the Bank, and the prudent assumption of risks. The Bank aims at compensating personnel ensuring performance recognition, internal equity, competitiveness, productivity, efficiency and added value. • Role of financial agent The Bank acts as financial agent in the Provinces of Misiones, Salta, Jujuy and Tucumán and the Municipalities of San Miguel de Tucumán and Yerba Buena. • Corporate Sustainability Policy The Bank is aware of its responsibility towards the surrounding communities. The Corporate Sustainability area promotes this development by fostering and implementing policies and actions that exert a positive social, environmental and economic impact. Thus, it engages in constant dialogue with the different areas and stakeholders with the ultimate goal of creating social value and drafting policies aimed at promoting a fair, supporting and equal world. These sustainability values are disclosed in the Comprehensive Report as a major milestone to align the financial information (in documents such as the Letter to the Shareholders and Financial Statements) and ensure their integration and consistency with corporate sustainability. • Anticorruption policy Pursuant to Law No. 27401 (Law on Corporate Criminal Liability), the Board establishes that officers and employees of the Bank and its subsidiaries shall not offer to pay, pay or authorize the payment of money or anything of value to (public) officers to obtain or keep a business. It also extends these guidelines to the private sphere. These principles are contained in the Code of Ethics for directors and senior managers, and the Code of Conduct for all employees. Besides, the Bank has a Code of Conduct for suppliers. The laws of other jurisdictions with similar prohibitions apply, especially the Foreign Corrupt Practices Act (FCPA), because Banco Macro SA is a foreign company that lists its shares in the NYSE and is subject to SEC control and oversight. The Group companies that wish to perform any transaction involving any public administration officer, public agency or public company, either Argentine or foreign, shall communicate this event in advance to the Board through the General Manager and inform, before the transaction is conducted, the agents or intermediaries that may be involved in the transaction. The Bank also has a manual with guidelines for interacting with public officers. This communication duty is not mandatory for the transactions derived from agreements with provincial financial agents (except for the subscription of framework agreements), ordinary bank transactions (for example, payroll processing) and the transactions that do not pose any major risk due to the minimum amounts involved. Although these anticorruption policies are aimed at transactions within the public sector, they also apply to transactions between private parties, as specifically set forth in the Code of Ethic and the Code of Conduct. The Bank has in place an Anticorruption Policy and an Integrity Program. The Ethics and Compliance Committee will be responsible for its adoption, follow-up and period reporting to the Board. • Transactions with related parties – Policy on conflict of interest As an authorized financial institution, Banco Macro SA complies with the provisions and reporting requirements established in Financial and Foreign Exchange Entities Law No. 21526 and the regulations issued by the regulatory agency (BCRA). As established by law (Argentine Business Company Law No. 19550), specific applicable regulations (Capital Markets Law, as supplemented), professional accounting standards (Technical Resolution No. 21), IAS 24 and best practice recommendations, the Bank reports on the transactions with related parties in notes to the Financial Statements. Such transactions are carried out under usual market conditions. See also Note 20. Under current Argentine legislation, directors are required to perform their duties with the loyalty and diligence of a prudent businessman. Directors are jointly and severally liable to the Bank, the shareholders and third parties for a poor performance of duties and infringements to the law, bylaws and regulations, as the case may be, and are responsible for repairing the damages caused by fraud, abuse of authority or negligence. The loyalty duties of a director are considered to include: (i) the ban from using corporate assets and the confidential information to which he/she may have access for personal purposes; (ii) the ban from taking advantage or, due to errors or omissions, allowing a third party to take advantage of the Bank’s business opportunities, (iii) the obligation of acting as director only for the purposes established in the law, the Bank’s bylaws or the intention of the shareholders or the Board of Directors; and (iv) the obligation of taking extreme care so that the acts conducted by the Board of Directors have no direct or indirect effects against the Bank’s interests. A director should notify the Board of Directors and the Audit Committee about any conflict of interest such director may have in a transaction proposal and should refrain from voting on the matter. • Public information The information related to corporate governance at the Bank is included within the transparency policy contained in such precepts and, hence, is available to interested members of the public on the website www.macro.com.ar (“Conocenos” – Relaciones con Inversores) and additionally, some guidelines are disclosed in other notes to these consolidated Financial Statements. Moreover, the Bank’s public information is disclosed on the websites of the BCRA (www.bcra.gob.ar) and the CNV (www.cnv.gob.ar). In addition, the Bank publishes the Market Discipline Report, pursuant to the guidelines established by the BCRA for such information regime, in accordance with the criteria of the Basel Banking Supervision Committee, which is available at the Bank’s website. Integral Risk management Within the framework of the Corporate Governance policy, the Board of Directors of the Bank resolved the creation of a Risk Management Committee. The Bank has appointed a Risk Manager who reports directly to the Board of Directors. Its duties include ensuring that an independent risk management be established, establishing policies, procedures and measurement methodologies and report systems which allow the identification, measurement and monitoring of the risk under its charge and also the duties of each organizational level in the process. The risk management process includes the establishment of the exposure limits for each risk by the Board of Directors, a follow-up on the exposure to each limit by the persons in charge, the preparation of regular reports for the Risk Management Committee, a follow-up on the alerts and the implementation of action plans regarding the alerts and the guidelines for developing stress tests. The system supplements the policies and procedures specific to each risk (Financial, Credit, Operational, Counterparty Credit, Country Risk, Securitization, Reputational, Compliance, Strategic Risks, among others). In addition, the Credit Risk Management area is in charge of interpreting, executing and guaranteeing the application of the General Credit Policy as approved by the Board of Directors, pursuant to the internal and external standards and regulations on the matter. Credit Risk Management reports functionally to the General Manager. Risk Management The Risk Management area is in charge of the Financial Risk, Credit Risk and Operating and Technology Risk areas. The main procedures carried out by the Risk Management Department are: • Stress tests The process of stress test includes documenting and formalizing the program as well as the persons in charge of carrying it out, the frequency of testing and the validation of the system. It also contemplates the Contingency Plan based on the test results. The Risk Management Committee leads and coordinates this application. • Economic Capital Calculation The Risk Management Department estimates the economic capital for each one of the individual risks (Market, Liquidity, Interest Rate, Credit, Counterparty Credit, Concentration, Operational, Securitization, Strategic and Reputational) determined for the Bank on a consolidated basis with its subsidiaries with the same scope as the regulation. The methods used to deal with subsidiaries are exactly the same. The economic capital sufficiency evaluation process is an integral part of the corporate governance and risk management culture of the entities. Quantified economic capital was implemented as a formal procedure, both currently and prospectively, and is a tool used in the day-to-day management of risks, in preparing the Business Plan and the Stress Tests. The methods used to measure the economic capital of each risk were documented and approved by the Management, pursuant to the internal rules on Corporate Governance and Risk Management. The results must serve to support decision-making, including strategic decisions adopted by the Board and the Senior Management. In this way they may: • Estimate the level and trend of the relevant risks and the effects thereof on capital needs. • Evaluate the reasonability of the basic assumptions used in the capital measuring system and the sensitivity of the results to changes in those assumptions. • Determine whether the Bank has sufficient regulatory capital to cover the different risks and if it meets the capital sufficiency goals required. • Consider its future capital requirements based on the risk profile and, according thereto, introduce the necessary adjustments into the strategic plan. The essential elements of the capital evaluation include: • Policies and proceedings ensuring the risk management process. • A process connecting economic capital with risk level. • A process establishing capital sufficiency goals based on the risks, taking into account the strategic approach and the business plan. • An internal control process, in order to secure a comprehensive risk management. The Bank actively uses guarantees to mitigate its credit risk. Excessive risk concentration: To avoid excessive risk concentrations, the Bank’s policies and procedures include specific guidelines to focus on keeping a diversified portfolio. The identified credit risk concentrations are controlled and managed accordingly. The selective coverage is used at the Bank to manage risk concentrations both in terms of relationships and industry. In addition, note that the Bank meets the provisions established by the BCRA as regards maximum assistance limits to given groups of debtors, in order to atomize the portfolio, reducing credit risk concentration. The main types of risks that the Bank is exposed to are those related to credit risk, liquidity risk, market risk, interest rate risk, foreign currency exchange rate risk, and operational risk. Minimum capital requirements: The table below shows the minimum capital requirements measured on a consolidated basis, effective for the monthly position of December 2023, together with the integration thereof (computable equity) as of the end of such month: Item 12/31/2023 Minimum capital requirements (*) 403,496,688 Computable equity 1,752,831,979 Capital surplus 1,349,335,291 (*) Regarding the maximum limits established by the BCRA for “Financing to the non-financial public sector” measured on a quarterly consolidated basis, in the last quarter of 2023 the Entity observed an excess of 95,724,622. This excess was transferred as an increase in requirement by minimum capital credit risk, without generated a non-compliance of such prudential regulation. The following are the policies and processes aimed at identifying, assessing, controlling and mitigating each one of the main risks: 52.1 Credit Risk Credit risk is the risk that the Bank incurs a loss because its customers or counterparties fail to discharge their contractual obligations. The Bank manages and controls credit risk by setting limits on the amount of risk it is willing to accept and by establishing indicators for monitoring. The Board approves the credit and risk assessment policy to provide a framework to generate businesses to achieve a proper relationship between the risk assumed and profitability. The Bank has procedure manuals detailing the related guidelines, compliance with effective regulations and limits set. The goals are: • Achieving an adequate portfolio segmentation per type of customer and economic sector. • Enhancing the use of tools to analyze and assess risk that best adjust to the customer’s profile. • Establishing consistent guidelines to grant loans following conservative parameters based on the customer’s solvency, cash flows and profitability in the case of companies, and revenues and equity in the case of individuals. • Establishing limits to individual powers to grant credits according to their amount, tending to the existence of specific committees, which, according to their scope of influence, will define the levels of assistance. • Enhancing the quality of the risk assumed, with proper guarantees according to the term of the loan and the level of risk involved. • Monitoring on an ongoing basis the loan portfolio and customer level of compliance. Credit risk management involves the existence of a structure with the characteristics needed to attain the organizational goals during the stages of the credit cycle: admission, follow-up, monitoring and recovery. The risk assessment process is differentiated based on whether customers belong to Corporate Banking or Retail Banking. To assess Corporate Banking customers, the Bank has different methods involving different responsibility levels that become increasingly complex according to the size of the transactions in terms of assistance types and amounts, weighed by terms and hedges with guarantees. For the authorization of assistance involving small amounts, self-liquidating collaterals or temporary assistance, the Bank grants special credit powers, on a personal basis, to higher-ranking officials based on their knowledge, experience and training. At any rate, the use of these powers is associated with the outcome of an objective assessment, avoiding any discretion in the credit approvals. To grant predefined products and restricted amounts to the Small Companies and Agro segments, the Bank has standardized assessment systems that are used on a decentralized manner and include origination scoring and screening methods to admit and assign limits, based on the customers’ economic, financial and equity information. There is also a centralized massive qualification periodic process that Credit Risk Management makes available to branches on a continuous basis. When transactions in amount the instances of authorization by delegated powers or through the decentralized risk analysis, ratings are approved in the Credit Committees. The powers vested on the different decision-making bodies are continuously reviewed to adjust them to the Bank’s volume of transactions and thus improve credit rating. The risk analysis of assistance addressed in the Credit Committees is carried out at the Corporate Risk Management Department by specialized risk analysts that prepare separate risk reports per customer or group of companies, which are provided to Committee members to support the credit decisions made. Risk reports include, at least, information regarding the use of loans and their source of repayment, the debtor’s historical and current behavior and the group of companies to which it belongs; the debtor’s repayment capacity based on cash flows; the guarantees that will cover the transactions, the ownership status, the enforcement possibilities and their sensibility to the changes in the economy; the market in which the debtor operates and the debtor’s position, and the debtor’s equity, economic and financial position and possibility of accessing loans. The Committees’ resolutions include the terms and conditions applicable to the assistance in terms of the amount, currency, terms, guarantees and follow-up provisions, among others. The decisions are based on the debtor’s cash flows and payment capacity and only to a secondary extent on debtor’s equity and risk mitigating factors. Credit risk assessment for Retail Banking customers, is governed by specific policies that consider customers’ inclusion in one of the following segments: • Salary Plan customers (Public and Private) and retirees whose their retirements and pensions are deposited in the Bank. • Open Market customers. To speed up origination circuits, the Credit Risk Management has widened the use of scoring methods, which impose a minimum limit for the customer to be admitted for credit purposes, considering an acceptable delinquency level. Consumer portfolio qualifications are available on a permanent basis to branches in the system called Customer Relationship Management (CRM) and to customers through digital channels, which allows operating within the limits and conditions approved by the Credit Risk Management on a centralized basis. This modality restricts the operating risks that are inherent to the assessment. For new non-prequalified customers, the originator enters the requested transactions in the risk assessment system related to the customer segment, which approves or rejects the transaction; if approved, maximum assistance amounts by product are provided. Assessment systems are mainly based on an admission and certain maximum indebtedness rules and installment/income ratio. The assessment systems are based mainly on a qualification score and certain maximum indebtedness and installment/income relationship rules. There are specific rules regarding the debtor’s file integration to duly document the data entered into the assessment systems. Credit risk officers also define a credit power system based on the margins to be approved and, if applicable, the exceptions admitted. The assessment process and its relationship with the loan settlement process, is fully automated: all customers must have a CRM-approved (individual or massive) assessment, an essential requirement to be granted a credit product. In addition, as part of the assessment process, the exception flow and the control of credit powers are also automated. These actions managed to reduce operating risks and allowed tracing transactions and their approval levels. The Bank adopts processes to detect interrelated debtor groups with correlated risk (group of companies) and to group risk exposures with the same debtor or counterparty in different lines of credit. Before the transactions are settled, a series of controls are implemented to reduce related credit and operating risks and classify transactions within the technical relationships regulatory framework. The Bank implements a formal, robust and well-defined process to manage nonperforming loans. These procedures are differentiated based on the type of portfolio and delinquency status. To mitigate credit risk, guarantees are requested on agreed financing. A particular area of the Credit Risk Management Department manages all guarantees received by the Bank and assesses and updates regularly the appraisal value and effective term to monitor the quality of risk mitigators. Credit risk allowances of the loan portfolio As from 2020, the Bank’s policy concerning credit risk allowances is based on the calculation of ECL based on analytical models (statistical models related to loan portfolio management) pursuant to IFRS 9. According to the guidelines in section 5.5. on Impairment (including the principles and methods to recognize ECL due to significant increases in credit risk and the subsequent impairment of financial assets for ECL), the Bank recognizes the impairment of its financial assets. The criterion to assess whether an instrument is impaired will depend on the type of analysis to which customers are exposed: to estimate ECL on a collective basis, disclosures are grouped based on customer segments showing similar risk characteristics that are relevant for their analysis, while the purpose of the individual assessment is the ECL estimate for customers with significant risk or customers which require a specific treatment, or do not have consistent characteristics with other portfolio segments for which the statistic in |
Changes in the Argentine Macroe
Changes in the Argentine Macroeconomic Environment of the Financial and Capital Markets | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Changes in the Argentine Macroeconomic Environment of the Financial and Capital Markets | 53. CHANGES IN THE ARGENTINE MACROECONOMIC ENVIRONMENT AND FINANCIAL AND CAPITAL MARKETS In the last years, the Argentine financial market has observed a prolonged period of volatility in the market prices Particularly, related to the price of the US dollar, since the end of 2019 the gap between the official price of the US dollar -used mainly for foreign trade- and alternative market values began to widen significantly, having reached maximum peaks close to 200%. As of the date of issuance of these Financial Statements, the aforementioned gap amounts to approximately 18%. Regarding the administration of the national public debt, a restructuring process has been observed, including various voluntary exchanges and agreements reached regarding debts with the Paris Club and the International Monetary Fund. In this context, on December 10, 2023, the new authorities of the Argentine national government took office and issued a series of emergency measures. Among the main objectives, among other relevant issues, is a regulatory flexibility in economic matters, reduction of the fiscal deficit mainly through a reduction in spending, including reduction of different types of subsidies. Likewise, there was a devaluation of the Argentine peso close to 55% against to the US dollar (going the price of the US dollar from Ps. 366.50 to Ps. 799.95 on December 13, 2023), The comprehensive program pursued by the new national government includes reforms in the economy, justice, foreign relations, infrastructure and others. On December 20, 2023, through Decree of Necessity and Urgency No. 70/2023, a significant number of reforms were established, regarding which different actors presented various protections or unconstitutionality requests to Justice to stop their application. In addition, the local and international macroeconomic context generates certain degree of uncertainty regarding its future progress, considering the level of the global economic recovery. Therefore, the Bank’s Management permanently monitors any changes in the abovementioned situations in international and local markets, to determine the possible actions to adopt and to identify the possible impact on its financial situation that may need to be reflected in the future Financial Statements. |
Events After Reporting Period
Events After Reporting Period | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Events After Reporting Period | 54. EVENTS AFTER REPORTING PERIOD No other significant events occurred between the end of the fiscal year and the issuance of these consolidated Financial Statements that may materially affect the financial position or the profit and loss for the fiscal year, not disclosed in these consolidated Financial Statements. |
Basis for the Preparation of _2
Basis for the Preparation of these Financial Statements and Applicable Accounting Standards (Policies) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Assets and liabilities denominated in foreign currency | 3.1 Assets and liabilities denominated in foreign currency The Bank considers the Argentine Peso as its functional and presentation currency. The assets and liabilities denominated in foreign currency, mainly in US dollars, were valued at BCRA benchmark US dollar exchange rate effective as of the closing date of transactions on the last business day of each fiscal year. Additionally, assets and liabilities denominated in other foreign currencies were translated at the repo exchange rate in US dollars communicated by the BCRA’s dealing room. Foreign exchange differences were recorded in the related Statements of income as “Difference in quoted prices of gold and foreign currency”. |
Financial Instruments | 3.2 Financial Instruments Initial Recognition and Measurement The Bank recognizes a financial instrument when it becomes party to the contractual provisions thereof. The purchase and sale of financial assets requiring the delivery of assets within the term generally established by the rules and regulations or the market conditions are recorded on the transaction’s trading date, i.e. on the date the Bank undertakes to acquire or sell the relevant asset. At initial recognition, the financial assets and liabilities were recognized at fair value. Those financial assets and liabilities not recognized at fair value through profit or loss, were recognized at fair value adjusted for transaction costs directly attributable to the acquisition or issue of the financial asset or liability. At initial recognition, the fair value of a financial instrument is generally the transaction price. Nevertheless, if part of the consideration received or paid is for something other than the financial instrument, the Bank estimates the fair value of the financial instrument. If the fair value is based on a valuation technique that uses only data from observable markets, the Bank shall recognize the difference between fair value at the initial recognition and the transaction price as gain or loss. When the fair value is based on a valuation technique that uses data from non-observable markets, the Bank shall recognize that deferred difference in profit or loss only to the extent that it arises from a change in a factor (including time) that market participants would take into account when pricing the asset or liability, or when the instrument is derecognized. Finally, in the normal course of business, the Bank arranges repo transactions. According to IFRS 9, assets involved in repurchase and reverse repurchase transactions and received from or delivered to third parties, respectively, do not qualify to be recognized or derecognized, respectively (see Note 7). Subsequent measurement – Business Model The Bank established three categories for the classification and measurement of its debt instruments, in accordance with the Bank’s business model to manage them and the contractual cash flow characteristics thereof: • At amortized cost: the objective of the business model is to hold financial assets in order to collect contractual cash flows. • At fair value through other comprehensive income: the objective of the business model is both collecting the contractual cash flows of the financial asset and/or of those derived from the sale of the financial asset. • At fair value from profit or loss: the objective of the business model is generating income derived from the purchase and sale of financial assets. Therefore, the Bank measures its financial assets at fair value, except for those that meet the following two conditions and are measured at amortized cost: • The financial assets are held within a business model whose objective is to hold financial assets in order to collect contractual cash flows. • The contractual terms of the financial asset give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal amount outstanding. The Bank’s business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. The business model is not assessed on an instrument-by-instrument approach, but it should rather be determined on a higher level of aggregation and is based on observable factors such as: • How the performance of the business model and the financial assets held within that business model are evaluated and reported to the Bank’s key management personnel. • The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way in which those risks are managed. • The expected frequency, value, timing and reasons of sales are also important aspects. The assessment of the business model is performed on the basis of scenarios that the Bank reasonably expects to occur, without taking into account the scenarios such as the so-called ‘worst case’ or ‘stress case’ scenarios. If after the initial recognition cash flows are realized in a way that is different from the Bank’s expectations, the classification of the remaining financial assets held in that business model does not change, but it rather considers all relevant information to assess the newly originated or newly purchased financial assets. Test of solely payments of principal and interest (the SPPI test) As part of the classification process, the Bank assessed the contractual terms of its financial assets in order to determine if such financial instruments give rise to cash flows on specific dates which are solely payments of principal and interest on the principal amount outstanding. For the purposes of this assessment, “principal” is defined as the fair value of the financial asset at initial recognition, provided such amount may change over the life of the financial instrument, for example, if there are repayments of principal or premium amortization or discount. The most significant elements of interest within a loan agreement are typically the consideration for the time value of money and credit risk. For the SPPI test, the Bank applies judgment and considers relevant factors such as the currency in which the financial asset is denominated and the period for which the interest rate is set. However, contractual terms that introduce exposure to risks or volatility in the contractual cash flows that are unrelated to a basic lending arrangement do not give rise to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. In such cases, financial assets are required to be measured at fair value through profit or loss. Therefore, the financial assets were classified pursuant to the above expressed as “Financial assets at fair value through profit or loss”, “Financial assets at fair value through other comprehensive income” or “Financial assets at amortized cost”. Such classification is disclosed in Note 13. • Financial assets and liabilities at fair value through profit or loss This category presents two subcategories: financial assets at fair value held for trading and financial assets initially designated at fair value by the Management or under section 6.7.1. of IFRS 9. The Bank’s Management has not designated, at the beginning, financial assets at fair value through profit or loss. The Bank classifies the financial assets as held for trading when they have been acquired or incurred principally for the purpose of selling or repurchasing them in the short term or when they are part of a portfolio of identified financial instruments that are managed together and for which there is evidence of a recent actual pattern of short-term profit-taking. Financial assets and liabilities at fair value through profit or loss are recognized at fair value in the consolidated statement of financial position. Changes in fair value are recognized under the item “Net gain from measurement of financial instruments at fair value through profit or loss” in the consolidated statement of income, as well as interest income or expenses and dividends pursuant to the contractual terms and conditions, or when the right to receive payment of the dividend is established. The fair value estimation is explained in detail in section “Accounting judgments, estimates and assumptions” of this note, and Note 13 describes the valuation process of financial instruments at fair value. • Financial assets at fair value through other comprehensive income (OCI) A financial asset shall be measured at fair value through other comprehensive income if (i) the financial instrument is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and (ii) the contractual terms of the financial asset meet the determination that cash flows are solely payments of principal and interest on the principal amount outstanding. Debt instruments at fair value through other comprehensive income are recognized in the consolidated statement of financial position at fair value. Profit and loss derived from changes in fair value are recognized in the consolidated statement of other comprehensive income as “Net gain from financial instruments measured at fair value through other comprehensive income”. Interest income (calculated by the “effective interest method”, which is explained in the following section), profit and loss from translation differences and impairment are recognized in the consolidated statement of income in the same manner as for financial assets measured at amortized cost and are disclosed as “Interest income”, “Differences in quoted prices of gold and foreign currency” and “Credit loss expense on financial assets”, respectively. When the Bank has more than one investment on the same security, it must be considered that they shall be disclosed using the first-in first-out costing method. On derecognition, accumulated gains and losses previously recognized in OCI are reclassified to profit or loss. • Financial assets at amortized cost – Effective interest method They represent financial assets held in order to collect contractual cash flows and the contractual terms of which give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. After initial recognition, these financial assets are recognized in the consolidated statement of financial position at amortized cost using the effective interest method, less a loss allowance for expected credit losses (ECL). Interest income and impairment are disclosed in the consolidated statement of income as “Interest income” and “Credit loss expense on financial assets”, respectively. Changes in the allowance for ECL are presented in Note 9. The effective interest method uses the rate that allows the discount of estimated future cash payments or receipts through the expected life of the financial instrument or lesser term, if applicable, to the net carrying amount of such financial instrument. When applying this method, the Bank identifies points paid or received, fees, premiums, discounts and transaction costs, incremental and direct costs as an integral part of the effective interest rate (hereinafter, EIR). For such purposes, interest is the consideration for the time value of money and for the credit risk associated with the amount of principal outstanding during a specific period of time. When a financial asset becomes credit-impaired (as set out in Note 3.2.4) and is therefore regarded a ‘Stage 3’, the Bank calculates interest income by applying the effective interest method to the net amortized cost of the financial asset. If the financial asset cures (as outlined in Note 3.2.4) and is no longer credit-impaired, the Bank reverts to calculating interest income on a gross basis. 3.2.1 Cash and deposits in banks They were valued at their nominal value plus the relevant accrued interest, if applicable. Accrued interests were allocated in the consolidated statement of income as “Interest income”. 3.2.2 Repo transactions (purchase and sale of financial instruments) These transactions were recognized in the consolidated statement of financial position as financing granted (received), under “Repo transactions”. The difference between purchase and sale prices of such instruments were recognized as interest accrued during the effective term of the transactions using the effective interest method and were allocated in the consolidated statement of income as “Interest income” and “Interest expense”. 3.2.3 Loans and other financing They are non-derivative financial assets that the Bank holds within a business model whose objective is to hold financial assets in order to collect contractual cash flows and the contractual terms of which give rise, on specified dates, to cash flows that are solely payments of principal and interest on the principal amount outstanding. After initial recognition, loans and other financing were measured at amortized cost using the effective interest method, less a loss allowance for ECL. The amortized cost was calculated taking into account any discount or premium incurred in the origination or acquisition, and origination fees or commissions, which are part of the EIR. Income from interest was allocated in the consolidated statement of income as “Interest income”. 3.2.4 Impairment of financial assets The accounting policy adopted on the impairment of financial assets not measured at fair value through profit or loss is detailed below: 3.2.4.1 Overview of the ECL principles The Bank recognizes a loss allowance for ECL on loans, other financing and other debt instruments not measured at fair value through profit or loss along with loan commitments and financial guarantee contracts (not measured at fair value through profit or loss) and contract assets and accounts receivable on loans; hereinafter, the “financial instruments”. Investments in equity instruments are not subject to impairment under IFRS 9. The loss allowance for ECL is based on credit losses expected to arise during the life of a financial asset (lifetime ECL), unless there was no significant increase in credit risk since initial recognition, in which case the loss allowance is based on 12-month ECL. The Bank’s policies to determine whether credit risk increased significantly are included in Note 52.1.1 “Assessment of credit risk impairment”, section “Definitions of significant increase in risk (SICR), impairment and default”. 12-month ECL is the portion of lifetime ECL that results from default events on a financial instrument that are possible within the 12 months after the reporting date. Lifetime ECL and 12-month ECL are calculated on individual or collective bases according to the nature of the portfolio of financial instruments. The Bank’s policy to group the financial assets measured on a collective basis are explained in Note 52.1.1, sections “Customers analyzed on a collective basis” and “Customers analyzed on an individual basis”. The Bank adopted a policy to assess, at the end of each reporting period, whether there was a significant increase in the credit risk of a financial instrument since initial recognition considering the change in risk that the default may occur during the remaining life of a financial instrument. This is further explained in Note 52.1.1, section “Definitions of significant increase in risk (SICR), impairment and default”. According to the aforementioned process, the Bank groups its financial instruments into Stage 1, Stage 2 and Stage 3, also covering purchased or originated financial instruments that are credit impaired, as described below: • Stage 1: When financial instruments are recognized for the first time, the Bank recognizes a loss allowance according to 12-month ECL. Stage 1-financial instruments also include credit lines in which credit risk improved within the parameters established by the Bank and the financial instrument was reclassified to another stage. • Stage 2: When a financial instrument shows a SICR since initial recognition, the Bank books a loss allowance for lifetime ECL. Stage 2-financial instruments also include credit lines in which credit risk improved within the parameters established by the Bank and the financial instrument was reclassified to Stage 3. • Stage 3: Financial instruments which credit value is impaired (as described in Note 52.1.1, section “Definitions of significant increase in risk (SICR), impairment and default”.) The Bank books a loss allowance for lifetime ECL. • Purchased or originated financial instruments that are credit impaired: financial instruments that are credit impaired upon initial recognition. Purchased or originated financial instruments that are credit impaired are booked at fair value upon initial recognition and interest income is recognized subsequently at a credit-adjusted effective interest rate. The loss allowance of ECL is only recognized or reversed provided that there is a subsequent change in ECL. The Bank did not purchase or generate credit-impaired financial instruments. The Bank reduces the carrying amount of the financial instruments which amount owed it does not expect to recover in part or in full. This is considered a derecognition of the financial instrument. 3.2.4.2 The calculation of ECL The key parameters to calculating ECL are as follows: • Probability of default (PD): It is an estimate of the probability of default during a certain time horizon. A default may occur only at a certain time during the period assessed if the credit line was not derecognized before and is still part of the portfolio. The concept of probability of default is explained in Note 52.1.1, section “Probability of default (PD)”. • Exposure at default (EAD): It is an estimate of the exposure to a future default date considering the expected changes in exposure after reporting date, including the settlement of principal and interest, whether they are scheduled by the agreement or otherwise, the expected disbursements on committed credit lines and interest accrued on late payments. The exposure at default is explained in Note 52.1.1 section, “Exposure at default (EAD)”. • Loss given default (LGD): It is an estimate of the loss arising in the event of default in a certain term. It is based on the difference between contractual cash flows and cash flows expected by the lender, including the performance of a guarantee or credit improvements related to the loan. In general, it is expressed as a percentage of the exposure at default. Further information of LGD is included in Note 52.1.1, section “Loss given default (LGD)”. For overdrafts which include both a loan and an unused loan commitment, ECL are calculated and disclosed with the loan. For loan commitments (including credit cards) and financial guarantee contracts, ECL are recognized in “Provisions”. The method for calculating ECL is summarized below: • Stage 1: 12-month ECL are calculated as a portion of lifetime ECL, accounting for the ECL of financial instruments from default within the 12 months subsequent to year-end. The Bank calculates the allocation of 12-month ECL based on the expectation of default within 12 months after year-end. These expected 12-month probabilities of default are applied to an EAD and multiplied by the expected LGD and discounted to the original effective interest rate. • Stage 2: When a financial instrument shows a significant increase in credit risk since initial recognition, the Bank books a loss allowance for lifetime ECL. The method is similar to the one explained above, including the use of different scenarios, but PD is estimated over the remaining life of the instrument. Expected cash shortfalls are discounted to the original effective interest rate. • Stage 3: For financial instruments considered credit-impaired, the Bank recognizes the ECL for the remaining life of these financial instruments. The method is similar to those used by Stage 2-financial instruments, with a PD set at 100%. • Loan commitments and credit cards: Upon estimating the lifetime ECL for loan commitments, the ECL are the present value of the difference between the cash flows owed to the bank and the expected cash flows if the loan is withdrawn during the 12 months or expected lifetime. The cash flows are discounted at the original effective interest rate of each transaction. • Guarantees and other commitments: The Bank’s liability under each guarantee is measured at the higher of the amount initially recognized less cumulative amortization recognized in the statement of income and the ECL provision. To such end, the Bank estimates the ECL based on the present value of the payments expected to be disbursed to the guarantee holder should the debtor fail to pay the debt. Cash flows are discounted by the risk-adjusted interest rate relevant to the disclosure. The ECL related to financial guarantee contracts are recognized in “Provisions”. In all these scenarios, the ECL are adjusted on a forward-looking base, weighing the three probable macroeconomic scenarios, as explained in section 3.2.4.3 “Prospective information”. 3.2.4.3 Prospective information To determine a loss allowance in the calculation of ECL, the impact of the main macroeconomic variables should be analyzed to adjust historical information to the current conditions and short-term prospects. To such end, different and probable macroeconomic scenarios (base case, favorable and downside) should be weighed upon using relevant variables in assessing credit risk (such as GDP growth, interest rate and CPI). The inputs and models used for calculating ECL may not always capture all market characteristics as of the date of these consolidated Financial Statements. Consequently, the Bank may consider certain qualitative temporary adjustments to ensure that they are taken into account if they are material. Further information is included in Note 52.1.2 “Prospective information used in ECL models”. 3.2.4.4 Debt instruments measured at fair value through other comprehensive income The ECL of the debt instruments measured at fair value through other comprehensive income does not reduce the carrying amount of these financial instruments in the statement of financial position, which remains at fair value. Instead, an amount equal to the correction of value from these assets measured at amortized cost is recognized in “Other comprehensive income” as a cumulative impairment amount with the related charge to income. Cumulative loss recognized in “Other comprehensive income” is reclassified to the statement of income when the assets are derecognized. 3.2.4.5 Credit cards and other revolving credit lines In the case of credit cards and other revolving lines of credit, the Bank does not limit its exposure to expected losses to the contractual notice period, but rather calculates ECL over a period that reflects the Bank’s expectations of customer behaviors, their unused credit commitments, the probability of default and the Bank’s future risk mitigation expectations, which may include reducing or settling the lines of credit. The interest rate used to discount the ECL for credit cards is based on the average effective interest rate that is expected to be charged over the expected period of exposure to these lines of credit. This estimate considers that some of these lines of credit may be settled every month fully and consequently no interest would be charged. 3.2.4.6 Write offs Financial instruments are settled in part or in full after the first month in which the Bank has no reasonable expectations of recovering the financial instrument or part of the instrument. Should the amount to be settled be higher than the loss allowance for accumulated losses, the difference is considered an addition to the loss allowance that is then applied against the gross carrying amount. Any subsequent recovery is disclosed in the statement of income for the year of recovery in “Other operating income”. 3.2.4.7 Forborne and modified loans The Bank considers a loan forborne when such modification is a result of the borrower’s present or expected financial difficulties. The renegotiation may include the extension of the payment terms and the agreement of new loan conditions. Once the conditions are renegotiated, the impairment is measured using the original effective interest rate as calculated before the conditions were amended. The Bank monitors forborne loans to ensure the continuity of future payments. Derecognition decisions and the classification between Stages 2 and 3 are determined on a case-by-case basis for the commercial portfolio and collectively for the consumer portfolio. Should these procedures identify a loss related to a loan, it is disclosed and managed as an impaired Stage 3 forborne asset until it is collected or derecognized. When the loan is renegotiated or modified but is not derecognized, the Bank also considers whether the assets should be classified in Stage 3. Once an asset is classified as renegotiated, it will continue in Stage 2 until it is collected in full or impaired (Stage 3). If the modifications are substantial, the loan is derecognized and a new loan with different conditions is recognized. 3.2.4.8 Valuation of collaterals To mitigate the risks of its financial instruments, the Bank seeks to use, when possible, collaterals. Collateral comes in various forms, such as cash, securities, letters of credit, real estate, receivables, other non-financial assets and credit enhancements, such as netting arrangements. Collateral, except for attached assets, is not recorded in the Bank’s statement of financial position. However, the fair value of collateral affects the calculation of ECL in certain products and customers assessed on an individual basis. The assessment is usually made at least at the beginning date and it is reassessed on a regular basis. Whenever possible, the Bank uses active market data to assess the financial instruments maintained as collateral. Other financial instruments that do not have readily determinable market values are valued using internal methods. Non-financial collateral, such as real estate, is valued based on data provided by third parties, such as mortgage brokers. 3.2.5 Collateral repossessed The Bank’s policy is to determine whether an attached asset can be best used internally or should be sold. Assets determined to be useful internally are transferred to their relevant asset category at the lower of their attached value or the carrying value of the original secured asset. The assets for which selling is determined to be a better option are transferred to assets held for sale at their fair value (if financial assets) and fair value less cost of sales for non-financial assets at attachment date according to the Bank’s policy. During the normal course of business, the Bank does not include in its portfolio the properties and other attached assets but rather uses external agents to recover the funds, generally through auctions, to settle the outstanding payable. Any surplus fund is reimbursed to the customer/debtor. Hence, residential properties under attachment proceedings are not booked in the balance sheet. 3.2.6 Financial liabilities After initial recognition, certain financial liabilities were measured at amortized cost using the effective interest method, except for derivatives that were measured at fair value through profit or loss. Interests were allocated in the consolidated statement of income as “Interest expense”. Within other financial liabilities the Bank included guarantees granted and eventual liabilities, which must be disclosed in the notes to the Financial Statements, when the documents supporting such credit facilities are issued and are initially recognized at fair value of the commission received, in the statement of financial position. After initial recognition, the liability for each guarantee was recognized at the higher of the amortized commission and the best estimate of the disbursement required to settle any financial obligation arising as a result of the financial guarantee. Any increase in the liabilities related to a financial guarantee was recognized as income. The commission received has been recognized as “Commissions income” in the consolidated statement of income, based on the amortization thereof following the straight-line method over the effective term of the financial guarantee granted. 3.2.7 Derivative financial instruments Receivables and payables from forward transactions without delivery of underlying assets It includes forward purchase and sale transactions of foreign currency without delivery of the traded underlying asset. Such transactions were measured at the fair value of the contracts and were performed by the Bank for intermediation purposes on its own account. The originated income was allocated in the consolidated statement of income as “Net gain from measurement of financial instruments at fair value through profit or loss”. Derecognition of financial assets and liabilities A financial asset (or, if applicable, a part of a financial asset or a part of a group of similar financial assets) shall be derecognized when: (i) the contractual rights to the cash flows from the financial asset expire, or (ii) the Bank transfers the contractual rights to receive the cash flows of the financial asset or retains the contractual rights to receive the cash flows of the financial asset, but assumes a contractual obligation to pay the cash flows received immediately to a third party pursuant to a transfer agreement. A transfer shall qualify for derecognition of the financial asset only if (i) the Bank has transferred substantially all the risks and rewards of ownership of the financial asset, or (ii) it has neither transferred nor retained substantially all the risks and rewards of ownership of the financial asset, but has transferred the control of the financial asset, considering that the control is transferred if, and only if, the transferee has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. If the Bank neither transfers nor retains substantially all the risks and rewards of ownership of a transferred asset, and has retained the control over it, the Bank shall continue to recognize such transferred asset to the extent to which it is exposed to chan ge The Bank derecognizes a loan when the terms and conditions have been renegotiated and if, substantially, it becomes a new loan, recognizing the difference for derecognition in profit or loss. If the modification does not generate substantially different cash flows, the modification does not result in derecognition of the loan. The Bank recalculates the gross carrying amount of the assets as present value of modified contractual cash flows, using for the discount the original EIR and recognizes profit or loss from modification as explained in N On the other hand, a financial liability is derecognized when the obligation specified in the relevant contract is discharged, cancelled or expires. When there is an exchange between an existing borrower and lender of debt instruments with substantially different terms, or the terms are substantially modified, such exchange or modification shall be accounted for as an extinguishment of the original financial liability and the recognition of a new financial liability, recognizing the difference between the carrying amount of a financial liability extinguished or transferred to another party and the consideration paid, in the consolidated statement of income as “Other operating income”. Reclassification of financial assets and liabilities – Changes in business model During the previous fiscal year, the Bank’s Management decided to update the objective related to certain investments, which were reclassified from fair value through OCI to fair value through profit or loss. In June 2022, the investments reclassified were the Argentine government Treasury bonds in pesos adjusted by CER 2022 and Argentine government Treasury bills in pesos adjusted by CER at discount matured on July 29, 2022 and August 16, 2022. The change in the business model was performed with the objective to optimize the administration of the bonds portfolio, considering the short-duration of the instruments adjusted by CER, maturing in the third quarter of the year and in a context of a narrow volatility for instruments with close maturities. At the reclassification date abovementioned, the fair value of these investments amounted to 276,325,673. In addition, in August 2022, the investments reclassified were the Argentine government Treasury bonds tied to the US dollar 0.30% maturing April 28, 2023 (TV23). The change in the business model was performed as a result of internal changes in order to optimize the administration of the bonds portfolio. At the reclassification date abovementioned, the fair value of these investments amounted to 149,676,564. As of December 31, 2023, these investments were collected. |
Leases | 3.3 Leases The Bank assesses at contract inception whether a contract is, or contains, a lease. That is, if the contract conveys the right to control the use of an identified asset for a period of time in exchange for consideration. 3.3.1 The Bank as a lessee The Bank applies a single recognition and measurement approach for all leases, except for short-term leases and leases of low-value assets, which payments are recognized as rent expense on a straight-line basis. The Bank recognizes lease liabilities to make lease payments and right-of-use assets representing the right to use the underlying assets. • Right-of-use assets The Bank recognizes right-of-use assets at the commencement date of the lease. Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses, and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. The right of use assets are depreciated on a straight-line basis over the shorter of its estimated useful life and the lease term. The right-of-use assets are also subject to impairment, as explained in section 3.10 of this note. • Lease liabilities At the commencement date of the lease, the Bank recognizes lease liabilities measured at the present value of lease payments to be made over the lease term. The lease payments include fixed payments less any lease incentives receivable, variable lease payments that depend on an index or a rate, and amounts expected to be paid under residual value guarantees. The lease payments also include the exercise price of a purchase option reasonably certain to be exercised by the Bank and payments of penalties for terminating a lease, if the lease term reflects the Bank exercising the option to terminate. Variable lease payments that do not depend on an index or a rate are recognized as expense in the period on which the event or condition that triggers the payment occurs. In calculating the present value of lease payments, the Bank uses the incremental borrowing rate at the lease commencement date if the interest rate implicit in the lease is not readily determinable. After the commencement date, the amount of lease liabilities is increased to reflect the accretion of interest and reduced for the lease payments made. In addition, the carrying amount of lease liabilities is remeasured if there is a modification, a change in the lease term, a change in the in-substance fixed lease payments or a change in the assessment to purchase the underlying asset. 3.3.2 The Bank as a lessor The Bank grants loans through financial leases, recognizing the current value of lease payments as a financial asset, which is registered in the consolidated statement of financial position in the item “loans and other financing”. The difference between the total lease receivables and the current value of financing is recognized as interest to be accrued. This income is recognized during the term of the lease using the EIR method, which reflects a constant rate of return and is recognized in the consolidated statement of income as “Interest income”. Losses originated for impairment are included in the consolidated statement of income as “Credit loss expense on financial assets”. |
Business combinations | 3.4 Business combinations Business combinations are accounted for using the acquisition method. The cost of an acquisition is measured as the aggregate of the consideration transferred, which is measured at acquisition date fair value, and the amount of any non-controlling interests in the acquired company, measured under IFRS. The Bank determines that it has acquired a business when the acquired set of activities and assets include an input and a substantive process that together significantly contribute to the ability to create outputs. The acquired process is considered substantive if it is critical to the ability to continue producing outputs, and the inputs acquired include an organized workforce with the necessary skills, knowledge, or experience to perform that process or it significantly contributes to the ability to continue producing outputs and is considered unique or scarce or cannot be replaced without significant cost, effort, or delay in the ability to continue producing outputs. When the Bank acquires a business, it assesses the financial assets and liabilities assumed for appropriate classification and designation in accordance with the contractual terms, economic circumstances and pertinent conditions as of the acquisition date. Any contingent consideration to be transferred by the acquirer will be recognized at fair value at the acquisition date. Contingent consideration classified as equity is not remeasured and its subsequent settlement is accounted for within equity. Contingent consideration classified as an asset or liability that is a financial instrument and within the scope of IFRS 9, is measured at fair value with the changes in fair value recognized in the statement of profit or loss. Other contingent consideration that is not within the scope of IFRS 9 is measured at fair value at each reporting date with changes in fair value recognized in profit or loss. Goodwill is initially measured at cost (being the excess of the aggregate of the consideration transferred and the amount recognized for non-controlling interests and any previous interest held over the net identifiable assets acquired and liabilities assumed). If the fair value of the net assets acquired is in excess of the aggregate consideration transferred, the Group re-assesses whether it has correctly identified all of the assets acquired and all of the liabilities assumed and reviews the procedures used to measure the amounts to be recognized at the acquisition date. If the reassessment still results in an excess of the fair value of net assets acquired over the aggregate consideration transferred, then the gain is recognized in profit or loss. See additionally Note 14. After initial recognition, goodwill is measured at cost less any accumulated impairment losses as explained in section 3.10. |
Investments in associates and joint arrangements | 3.5 Investments in associates and joint arrangements An associate is an entity over which the Bank has significant influence, i.e. the power to participate in the financial and operating policy decisions of such controlled entity, but without having the control thereof. A joint arrangement is an arrangement of which the Bank and other party or parties have joint control. Under IFRS 11 “Joint Arrangements”, investments in these arrangements are classified as joint ventures or joint operations depending on the contractual rights and obligations of each investor, regardless of the legal structure of the arrangement. A joint venture is an arrangement pursuant to which the parties having joint control of the arrangement have rights to the net assets of such arrangement. A joint operation is an arrangement pursuant to which the parties having joint control of the arrangement have rights to the assets and obligations for the liabilities, relating to the arrangement. The Bank has assessed the nature of its joint arrangements and determined that they are joint ventures. These investments are accounted for using the equity method from the date on which they become an associate or a joint venture. On acquisition of the investment, any difference between the cost of the investment and the Entity’s share of the net fair value of the investee’s identifiable assets and liabilities are accounted: (i) as a goodwill, which is included in the carrying amount of the investment and is under impairment as explained in section 3.10; or (ii) any excess of the Entity’s share of the net fair value of the investee’s identifiable assets and liabilities over the cost of the investment is included as income. The Bank’s share in the profit or loss after the acquisition of its associates was accounted in the statement of income, and its share in other comprehensive income after the acquisition was accounted for in the consolidated statement of other comprehensive income. See also Note 15. |
Property, plant and equipment | 3.6 Property, plant and equipment The Bank chose the cost model for all kinds of assets accounted for in this accounting item. These assets were carried at their cost less any accumulated depreciation and any accumulated impairment losses, if applicable. The historical cost of acquisition includes all expenses directly attributable to the acquisition of the assets. Maintenance and repair costs were accounted for in the consolidated statement of income as incurred. Any replacement and significant improvement of an item of property, plant and equipment is recognized as an asset only when it is likely to produce any future economic benefits exceeding the return originally assessed for such asset. Depreciation of the items of property, plant and equipment was assessed in proportion to the estimated months of useful life, depreciating completely the acquisition month of the assets and not the derecognition date. In addition, at least at each financial year-end, the Bank reviews if expectations regarding the useful life of each item of property, plant and equipment differ from previous estimates, in order to detect any material changes in useful life which, if confirmed, shall be adjusted applying the relevant correction to the depreciation of property, plant and equipment accounting item. Depreciation charges are recorded in the related statement of income as “Depreciation and amortization of fixed assets”. The residual value of the assets, as a whole, does not exceed their recoverable amount. |
Intangible Assets | 3.7 Intangible Assets Intangible assets acquired separately were initially measured at cost. After initial recognition, they were accounted for at cost less any accumulated depreciation (for those to which finite useful lives have been allocated) and any accumulated impairment losses, if applicable. For internally generated intangible assets, only disbursements related to development are capitalized while the other disbursements are not capitalized and are recognized in the statement of income for the period in which such expenditure is incurred. Useful lives of intangible assets may be finite or indefinite. Intangible assets with finite useful lives are amortized over their economic useful lives and are reviewed in order to determine whether they had any impairment loss to the extent there is any evidence that indicates that the intangible asset may be impaired. The period and method of amortization for an intangible asset with a finite useful life are reviewed at least at the financial year-end of each reporting period. Depreciation charges of intangible assets with finite useful lives are accounted for in the statement of income as “Depreciation and amortization of fixed assets”. Intangible assets with indefinite useful lives are not amortized and are subject to annual tests in order to determine whether they are impaired, either individually or as part of the cash-generating unit to which such intangible assets were allocated. The Bank has no intangible assets with indefinite useful lives. The gain or loss arising from the derecognition of an intangible asset shall be determined as the difference between the net disposal proceeds, if any, and the carrying amount of the asset, and it shall be recognized in the Statement of income when the asset is derecognized. Development expenditure incurred in a specific project shall be recognized as intangible asset when the Bank can demonstrate all of the following: • the technical feasibility of completing the intangible asset so that it will be available for use or sale, • its intention to complete the intangible asset and use or sell it, • how the intangible asset will generate probable future economic benefits, • the availability of adequate resources to complete the development, and • its ability to measure reliably the expenditure attributable to the intangible asset during its development. After initial recognition of the development expenditure as an asset, such asset shall be carried at its cost less any accumulated amortization and any applicable accumulated impairment losses. Amortization shall begin when the development phase has been completed and the asset is available for use. The asset amortizes over the period in which the asset is expected to generate future benefits. Amortization is accounted for in the statement of income as “Depreciation and amortization of fixed assets”. During the development phase, the asset is subject to annual tests to determine whether there is any impairment loss. |
Investment Property | 3.8 Investment Property The Bank included certain real properties that holds for undetermined future use, which were recognized pursuant to IAS 40 “Investment Property”. For this kind of property, the Bank chose the cost model as described in Note 3.6 Property, plant and equipment. An investment property is derecognized on disposal or when the investment property is permanently withdrawn from use and no future economic benefits are expected from its disposal. The difference between the net disposal proceeds and the carrying amount of the asset is recognized in the consolidated statement of income in the period of the retirement or disposal as “Other operating income”. An entity shall transfer a property to, or from, investment property when, and only when, there is a change in use. For a transfer from investment property to an item of property, plant and equipment, the property’s deemed cost for subsequent accounting is its fair value on the date of change in use. If an item of property, plant and equipment becomes an investment property, the Bank recognizes the asset up to the date of change in use in accordance with the policy established for property, plant and equipment. |
Non-current Assets Held for Sale | 3.9 Non-current Assets Held for Sale The Bank reclassifies in this category non-current assets of which the carrying amount will be recovered principally through a sale transaction rather than through continuing use. The asset (or disposal group) must be available for immediate sale in its present condition subject only to terms that are usual and customary for sales of such assets (or disposal groups) and its sale must be highly probable. Non-current assets classified as held for sale are measured, when they are reclassified to this category, at the lower of carrying amount and fair value less costs to sell and are disclosed in a separate item in the statement of financial position. Once these assets are classified as held for sale, depreciation and amortization ceased. Profit or loss generated in the sale of assets held for sale is recorded in the consolidated statement of income as “Other operating income”. |
Impairment of Non-financial Assets | 3.10 Impairment of Non-financial Assets The Bank evaluates, at least at each fiscal year-end, whether there are any events or changes in the circumstances that may indicate the impairment of non-financial assets or whether there is any evidence that a non-financial asset may be impaired. When there is any evidence or when an annual impairment test is required for an asset, the Bank shall estimate the recoverable amount of such asset. If the carrying amount of an asset exceeds its recoverable amount, such asset is deemed impaired and its carrying amount shall be reduced to its recoverable amount. As of the date of issuance of these consolidated Financial Statements, there is no evidence of impairment of non-financial assets. |
Provisions | 3.11 Provisions The Bank recognizes a provision if and only if the following circumstances are met: (a) the Bank has a present obligation as a result of a past event; (b) it is probable (i.e. it is more likely than not) that an outflow of resources embodying economic benefits will be required to settle the obligation; and (c) a reliable estimate can be made of the amount of the obligation. In order to determine the amount of provisions, the risks and uncertainties were considered taking into account the opinion of independent and internal legal advisors of the Bank. Where the effect of the time value of money is material, the provisions shall be discounted using a pre-tax rate that reflects, if applicable, current risks specific to the liability. When the discount is recognized, the effect of the provision derived from the lapse of time is accounted for as “Interest expense” in the statement of income. Based on the analysis carried out, the Bank recognized as provision the amount of the best estimate of the expenditure required to settle the present obligation at the end of each fiscal year. The provisions accounted for by the Bank are reviewed at the end of each reporting period or fiscal year, as applicable, and adjusted to reflect the current best available estimate. In addition, provisions are recognized with specific allocation to be used only for the expenditures for which they were originally recognized. In the event: a) the obligation is possible; or b) it is not probable that an outflow of resources will be required for the Bank to settle the obligation; or c) the amount of the obligation cannot be estimated reliably, the contingent liability shall not be recognized and shall be disclosed in notes. Nevertheless, when the possibility of an outflow of resources is remote, no disclosures shall be made. |
Recognition of income and expenses | 3.12 Recognition of income and expenses The Bank recognized its streams of income and expenses as is explained below, in accordance with IFRS 9 and 15. The majority of Bank’s income and expenses are related to financial instruments, in general recorded using the effective interest method. The remaining income and expenses are recorded depending on the period in which the performance obligation is satisfied. In Notes 30 to 33 are disclosed the streams and amounts for the years ended December 31, 2023, 2022 and 2021. 3.12.1 Revenue from interest income and interest expense Revenue from interest received and expenses for interest paid were recognized according to their accrual period, applying the effective interest method, which is explained in section “Financial assets at amortized cost – Effective interest method”. Revenue from interest received includes the return on fixed income investments and negotiable instruments, as well as the discount and premium on financial instruments. Bond coupons were recognized at the time they were declared. 3.12.2 Loan commissions Commission charges and direct incremental costs related with the granting of financing facilities were deferred and recognized adjusting the EIR thereof. 3.12.3 Service commissions These revenues are recognized when (or to the extent) the Bank satisfies each performance obligation by transferring promised services for an amount that reflects the consideration to which the Bank expects to be entitled in exchange for such services. The performance obligation, as well as the timing of their satisfaction, are identified, and determined, at the inception date of the contract. The Bank has generally concluded that it is the principal in its revenue arrangement because it typically controls the services before transferring them to customers. 3.12.3.1 Service commissions where performance obligations are satisfied at a point in time Services provided where the Bank’s performance obligations are satisfied at a point in time are recognized once control of the services is transferred to the customer. This is typically on completion of the underlying transaction or service or, for fees or components of fees that are linked to a certain performance, after fulfilling the corresponding performance criteria. The Bank typically has a single performance obligation with respect to these services, which is to successfully complete the transaction specified in the contract. 3.12.3.2 Service commissions where performance obligations are satisfied over certain period of time Performance obligations satisfied over time are where the customer simultaneously receives and consumes the benefits provided by the Bank’s performance as the Bank performs. 3.12.4 Non-financial revenue and expenses These items are recognized according to the recognition criteria established in the Conceptual Framework, e.g. revenues should be accrued. |
Customer Loyalty Program | 3.13 Customer Loyalty Program The loyalty program offered by the Bank consists in accumulating points generated by purchases made with the credit cards, which can be exchanged by any reward (including, among other offers, products, benefits and awards) available in the program platform. The Bank concluded that the rewards to be granted originate a separate performance obligation. Therefore, at the end of each fiscal year, the Bank recognized a provision for the rewards to be granted in “Other financial liabilities”. Based on the variables that the Bank takes into account in order to estimate the fair value of the points granted to customers (and the relation thereof with the exchange of the reward), it is worth mentioning that such estimates are subject to a significant level of uncertainty (and variation) that should be considered. These considerations are described in detail in the section “Accounting judgments, estimates and assumptions” of this note. |
Income Tax (see Note 29) | 3.14 Income Tax (see Note 29) Tax expense (tax income) comprises current tax expense (current tax income) and deferred tax expense (deferred tax income). This tax is accounted in the consolidated statement of income, except in the case of accounting items that are to be recognized directly in the statements of other comprehensive income. In this case, each accounting item is presented before assessing their impact on Income Tax, which is accounted for in the relevant accounting item. • Current income tax: the consolidated current income tax expense is the sum of the income tax expenses of the different entities that compose the Group (see Note 3), which were assessed, in each case, by applying the tax rate to taxable income, in accordance with Income Tax Law, or equivalent rule or provision, of the countries in which any subsidiary operates. • Deferred income tax: it is assessed based on the separate Financial Statements of the Bank and of each of its subsidiaries and reflects the effects of temporary differences between the carrying amount of an asset or liability in the statement of financial position and its tax base. Assets and liabilities are measured using the tax rate that is expected to be applied to taxable income in the years in which these differences are expected to be settled or recovered. The measurement of deferred tax liabilities and deferred tax assets reflects the tax consequences that will follow from the manner in which the Bank and its subsidiaries expect, at the end of the reporting period, to recover or settle the carrying amount of their assets and liabilities. Deferred tax assets and liabilities are measured by their nominal figures, without discount, the tax rates that are expected to be applied in the fiscal year in which the asset shall be realized or the liability shall be settled. Deferred tax assets are recognized when it is probable that taxable profit will be available against which the deductible temporary difference can be utilized. |
Earning per share | 3.15 Earnings per share Basic earnings per share shall be calculated by dividing Net profit attributable to parent’s shareholders of the Bank by the weighted average number of ordinary shares outstanding during the fiscal year. See also Note 42. |
Fiduciary activities and investment management | 3.16 Fiduciary activities and investment management The Bank renders custody, administration, investment management and advisory services to third parties that originate the holding or placement of assets in the name of such third parties. These assets and income on them are not included in these consolidated Financial Statements, since they are not owned by the Bank. The commissions derived from these activities are accounted for as “Commissions income” in the consolidated statement of income. See also Notes 45, 46 and 49. |
New standards adopted in the fiscal year | New standards adopted in the fiscal year For the fiscal year beginning on January 1, 2023, the following amendments to IFRS are effective: Amendments to IAS 1 “Presentation of Financial Statements” and IFRS Practice Statement 2 – Disclosures to accounting policies The amendments require that an entity discloses its material accounting policies, instead of its significant accounting policies. They also explain how an entity can identify material accounting policy information and give examples of when accounting policy information is likely to be material. Therefore, a guidance with explanations and examples denominated “four-step materiality process” was as described in the Practice Statement 2. This amendment did not have a material impact on the disclosures of these consolidated Financial Statements or the annual consolidated Financial Statements. Amendments to IAS 8 “Accounting policies, changes in accounting estimates and Errors” – Definition of Accounting Estimates The amendments clarify the distinction between changes in accounting estimates and changes in accounting policies and the correction of errors. Also, they clarify how entities use measurement techniques and inputs to develop accounting estimates. The amended standard clarifies that the effects on an accounting estimate of a change in an input or a change in a measurement technique are changes in accounting estimates if they do not result from the correction of prior period errors. The previous definition of a change in accounting estimate specified that changes in accounting estimates may result from new information or new developments. Therefore, such changes are not corrections of errors. This amendment would be applicable if the Bank performs a change in an accounting estimate, but it is not expected to have a material impact on the Financial Statements. Amendments to IAS 12 “Income Tax” – Deferred Tax related to Assets and Liabilities arising from a Single Transaction The IASB issued amendments to IAS 12, which narrow the scope of the initial recognition exception under IAS 12, so that it no longer applies to transactions that give rise to equal taxable and deductible temporary differences. The amendments clarify that where payments that settle a liability are deductible for tax purposes, it is a matter of professional judgment (having considered the applicable tax law) whether such deductions are attributable for tax purposes to the liability recognized in the Financial Statements (and interest expense) or to the related asset component (and interest expense). Professional judgment is important in determining whether any temporary differences exist on initial recognition of the asset and liability. This amendment did not have a material impact on the Financial Statements. Amendments to IAS 12 “Income Tax” – International Tax Reform-Pillar Two Model Rules: The IASB issued International Tax Reform - Pillar Two Model Rules in May 2023. This amendment introduces a temporary exception to the accounting for deferred tax assets and liabilities related to Pillar Two income taxes. The amendment also adds targeted disclosure requirements for affected entities, including information about an entity’s exposure to Pillar Two income taxes (before Pillar Two legislation is effective) and current tax expense related to Pillar Two income taxes (when Pillar Two legislation is effective). At the day of these consolidated Financial Statements, the aforementioned Tax Reform has not been enacted in Argentina. Therefore, this amendment did not have impact on the disclosures of these consolidated Financial Statements. |
New pronouncements | New pronouncements The new and amended standards and interpretations that are issued, but not yet effective, up to the date of issuance of these consolidated Financial Statements are disclosed below. The Bank intends to adopt these standards, if applicable, when they become effective. a) Amendments to IFRS 16 “Leases” – Sale and Leaseback: the amendment to IFRS 16 specifies the requirements that a seller-lessee uses in measuring the lease liability arising in a sale and leaseback transaction, to ensure the seller-lessee does not recognize any amount of the gain or loss that relates to the right of use it retains. The amendment does not prescribe specific measurement requirements for lease liabilities arising from a leaseback. The initial measurement of the lease liability arising from a leaseback may result in a seller-lessee determining ‘lease payments’ that are different from the general definition of lease payments. The seller lessee will need to develop and apply an accounting policy that results in information that is relevant and reliable in accordance with IAS 8. This amendment is applicable as of January 1, 2024. The Bank does not expect this standard to have a material impact on the Financial Statements. b) Amendments to IAS 7 “Statement of Cash Flows” and IFRS 7 “Financial Instruments: Disclosures” – Supplier Finance Arrangement: the amendments specify disclosure requirements to enhance the current requirements, which are intended to assist users of Financial Statements in understanding the effects of supplier finance arrangements on an entity’s liabilities, cash flows and exposure to liquidity risk. This amendment is applicable as of January 1, 2024. The Bank does not expect this standard to have a material impact on the Financial Statements. c) Amendments to IAS 21 “Lack of Exchangeability”: the amendments to this standard will allow an entity to evaluate whether a currency is exchangeable and how to determine a spot exchange rate when exchangeability is lacking. This amendment is applicable as of January 1, 2025. The Bank is evaluating the effects that this amendment would cause in these consolidated Financial Statements. |
Basis for the Preparation of _3
Basis for the Preparation of these Financial Statements and Applicable Accounting Standards (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Bank Consolidated its Financial Statements | As of December 31, 2023 and 2022, the Bank’s interest in the companies it consolidates is as follows: • As of December 31, 2023: Subsidiaries Shares Bank’s interest Non-controlling interest Type Number Total capital Voting Total capital Voting Macro Securities SAU Common 12,885,683 100.00 % 100.00 % Macro Fiducia SAU Common 47,387,236 100.00 % 100.00 % Macro Fondos SGFCISA Common 327,183 100.00 % 100.00 % Macro Bank Limited Common 39,816,899 100.00 % 100.00 % Argenpay SAU Common 1,001,200,000 100.00 % 100.00 % Subsidiaries (contd.) Shares Bank’s interest Non-controlling interest Type Number Total capital Voting Total capital Voting Fintech SGR (Structured entity) Common 119,993 24.999 % 24.999 % 75.001 % 75.001 % Macro Agro SAU (1) Common 615,519 100.00 % 100.00 % Banco BMA SAU (2) Common 729,166,165 100.00 % 100.00 % Preferred 14,565,089 100.00 % BMA Asset Management SA (2) Common 91,950 100.00 % 100.00 % BMA Valores SA (2) Common 52,419,500 100.00 % 100.00 % (1) Interest acquired in May 2023 (see Note 14). (2) Interest acquired in November 2023 (see Note 14). • As of December 31, 2022: Subsidiaries Shares Bank’s interest Non-controlling interest Type Number Total capital Voting Total capital Voting Macro Securities SAU Common 12,885,683 100.00 % 100.00 % Macro Fiducia SAU Common 47,387,236 100.00 % 100.00 % Macro Fondos SGFCISA Common 327,183 100.00 % 100.00 % Macro Bank Limited Common 39,816,899 100.00 % 100.00 % Argenpay SAU Common 341,200,000 100.00 % 100.00 % Fintech SGR (Structured entity) Common 119,993 24.999 % 24.999 % 75.001 % 75.001 % |
Summary of Total Assets, Liabilities and Net Shareholders Equity | Total assets, liabilities and Shareholders’ equity of the Bank and all its subsidiaries as of December 31, 2023 and 2022 are as follows: Entity Balances as of 12/31/2023 Assets Liabilities Equity Equity attributable Banco Macro SA 5,850,672,381 3,807,113,218 2,043,559,163 Macro Bank Limited 96,913,028 69,534,634 27,378,394 Macro Securities SAU (1) 172,108,267 114,694,224 57,414,043 Macro Fiducia SAU 650,856 47,660 603,196 Argenpay SAU 15,211,804 8,272,716 6,939,088 Fintech SGR 16,775,841 16,154,667 155,287 465,887 Macro Agro SAU 24,091,214 23,317,522 773,692 Banco BMA SAU 879,489,639 667,129,219 212,360,420 Eliminations (337,701,919 ) (32,077,799 ) (305,624,120 ) Consolidated 6,718,211,111 4,674,186,061 2,043,559,163 465,887 (1) Includes the balance amounts of its subsidiary Macro Fondos SGFCISA. Entity Balances as of 12/31/2022 Assets Liabilities Equity Equity attributable to non-controlling Banco Macro SA 6,407,372,878 4,812,516,739 1,594,856,139 Macro Bank Limited 50,000,623 34,556,345 15,444,278 Macro Securities SAU (1) 105,632,053 72,940,995 31,113,783 Macro Fiducia SAU 615,622 15,338 600,284 Argenpay SAU 7,893,951 4,976,502 2,917,449 Fintech SGR 16,539,693 16,188,045 351,648 263,735 Eliminations (79,260,886 ) (27,519,904 ) (50,427,442 ) Consolidated 6,508,793,934 4,913,674,060 1,594,856,139 263,735 (1) Includes the balance amounts of its subsidiary Macro Fondos SGFCISA. |
Contingent Transactions (Tables
Contingent Transactions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Contingent Transactions | As of December 31, 2023 and 2022, the Bank maintains the following maximum exposures to credit risk related to this type of transactions: Composition 12/31/2023 12/31/2022 Undrawn commitments of credit cards and checking accounts 1,384,680,279 2,083,040,564 Guarantees granted 185,041,419 22,448,824 Responsibilities for foreign trade operations 40,110,366 Overdraft and unused agreed commitments 36,582,600 1,909,845 Subtotal 1,646,414,664 2,107,399,233 Less: Allowance for ECL (2,176,655 ) (2,403,512 ) Total 1,644,238,009 2,104,995,721 |
Debt Securities at Fair Value_2
Debt Securities at Fair Value Through Profit Or Loss (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Debt Securities at Fair Value Through Profit or Loss | The following table shows the Bank’s holdings of debt securities at fair value through profit or loss as of December 31, 2023 and 2022: Name Holdings 12/31/2023 12/31/2022 Fair value Book amounts Book amounts DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS - Local Government securities Argentine government discount bonds in dual currency - Maturity: 08-30-2024 1 821,881,169 Argentine government discount bonds in dual currency - Maturity: 04-30-2024 1 322,820,204 Argentine government discount bonds in dual currency - Maturity: 02-28-2024 1 241,101,548 35,737,886 Argentine government Treasury bonds tied to the US dollar - Maturity: 04-30-2024 1 190,164,513 255,881 Argentine government discount bonds in dual currency - Maturity: 06-30-2024 1 102,371,616 Neuquén government Treasury bills S01 C01 - Maturity: 04-19-2026 2 9,168,242 Argentine government Treasury bonds in pesos adjusted by CER 4.25 1 5,985,638 Autonomous City of Buenos Aires bonds 7.5 2 5,238,009 4,677,694 Argentine government US dollar step-up bonds - Maturity: 07-09-2030 1 2,381,340 1,448,053 Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 11-09-2026 1 2,365,081 3,924,708 Other 10,165,716 591,822,080 Subtotal local government securities (1) 1,713,643,076 637,866,302 Name Holdings 12/31/2023 12/31/2022 Fair value Book amounts Book amounts DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS (continued) - Local Private securities Corporate bonds YPF SA C025 - Maturity: 02-13-2026 1 10,228,522 Corporate bonds Pampa Energía SA CL. I - Maturity: 01-24-2027 2 3,491,351 1,842,764 Corporate bonds Genneia SA C031 - Maturity: 09-02-2027 1 2,930,261 4,140,470 Corporate bonds Transportadora de Gas del Sur SA C002 - Maturity: 05-02-2025 1 1,983,861 2,204,865 Corporate bonds YPF SA C39 - Maturity: 07-28-2025 1 1,767,458 Corporate bonds Coemision Gemsa and CTR C021 - Maturity: 04-17-2025 1 1,740,002 Corporate bonds Telecom Argentina SA C005 - Maturity: 08-06-2025 1 1,517,696 215,036 Corporate bonds YPF SA C002 - Maturity: 07-25-2026 2 1,279,846 Corporate bonds Capex SA C005 - Maturity: 08-25-2028 1 1,169,504 Corporate bonds Telecom Argentina SA C001 - Maturity: 07-18-2026 1 1,065,260 861,210 Other 5,617,494 10,107,998 Subtotal local private securities (2) 32,791,255 19,372,343 - Foreign Government securities US Treasury bills - Maturity: 06-27-2024 1 3,153,777 US Treasury bills - Maturity: 10-31-2024 1 2,331,621 US Treasury bills - Maturity: 08-08-2024 1 194,108 Subtotal foreign government securities 5,679,506 TOTAL DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS 1,752,113,837 657,238,645 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Notional Amounts and Fair Values of Derivative Financial Instruments | Derivative financial assets Underlying 12/31/2023 12/31/2022 Notional Fair value Notional Fair value Transactions of foreign currency contract without delivery of underlying asset US dollars 113,653 13,143,270 62,971 133,591 Total derivatives held for trading 113,653 13,143,270 62,971 133,591 Derivative financial liabilities Underlying 12/31/2023 12/31/2022 Notional Fair value Notional Fair value Transactions of foreign currency contract without delivery of underlying asset US dollars 132,179 2,837,879 985 7,382 Total derivatives held for trading 132,179 2,837,879 985 7,382 |
Other Financial Assets (Table)
Other Financial Assets (Table) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of composition of the other financial assets | The composition of the other financial assets as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Sundry debtors (see Note 12) 103,795,538 82,226,448 Receivables from other spot sales pending settlement 69,689,064 31,906,396 Private securities 26,390,995 14,039,085 Receivables from spot sales of foreign currency pending settlement 1,413,273 49,842,133 Receivables from spot sales of government securities pending settlement 93,988 1,521,526 Other 593,807 1,191,593 Subtotal 201,976,665 180,727,181 Less: Allowances for ECL (595,276 ) (283,507 ) Total 201,381,389 180,443,674 |
Loss Allowance for Expected C_2
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Exposure to Credit Risk | 9.1 Exposure to credit risk According to the nature of the information to be disclosed and the loan characteristics, the Bank groups them as follows (see in addition Note 52.1.4): Composition 12/31/2023 12/31/2022 Loans and other financing 1,887,306,653 1,898,351,483 Individual assessment 438,779,000 339,228,709 Collective assessment 1,448,527,653 1,559,122,774 Less: Allowance for ECL (53,648,800 ) (34,262,639 ) Total 1,833,657,853 1,864,088,844 |
Summary of Impairment Allowance for Loans and Other Financing | The following table shows the credit quality and the carrying amount of credit risk, based on the Bank’s credit risk rating system, the probability of default (PD) and the year-end stage classification, taking into account what was mentioned in the previous paragraph. The amounts are presented gross of the impairment allowances. Internal rating grade Range PD 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Performing 1,768,631,793 49,326,689 1,817,958,482 96.32 High grade 0.00 % - 3.50 % 1,656,677,021 17,622,473 1,674,299,494 88.70 Standard grade 3.51 % - 7.00 % 74,319,390 11,096,658 85,416,048 4.53 Sub-standard grade 7.01 % - 33.00 % 37,635,382 20,607,558 58,242,940 3.09 Past due but not impaired (1) 33.01 % - 99.99 % 9,560,270 39,794,513 49,354,783 2.62 Impaired 100 % 19,993,388 19,993,388 1.06 Total 1,778,192,063 89,121,202 19,993,388 1,887,306,653 100 % 94.22 4.72 1.06 100 Internal rating grade Range PD 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Performing 1,808,202,524 39,193,802 1,847,396,326 97.32 High grade 0.00 % - 3.50 % 1,681,921,508 7,681,012 1,689,602,520 89.01 Standard grade 3.51 % - 7.00 % 74,589,458 9,486,644 84,076,102 4.43 Sub-standard grade 7.01 % - 33.00 % 51,691,558 22,026,146 73,717,704 3.88 Past due but not impaired (1) 33.01 % - 99.99 % 11,793,490 23,553,411 35,346,901 1.86 Impaired 100 % 15,608,256 15,608,256 0.82 Total 1,819,996,014 62,747,213 15,608,256 1,898,351,483 100 % 95.87 3.31 0.82 100 (1) It also includes transactions which are more than 5 days past due independently of the PD range assigned. |
Summary of Exposures Gross of Impairment Allowances | The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Local government securities and Central Bank of Argentina bills and notes 129,130,464 129,130,464 92.16 Corporate bonds 10,320,213 10,320,213 7.37 Financial trust 665,139 665,139 0.47 Other private securities 144 144 0.00 Total 140,115,816 144 140,115,960 100 % 100 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Local government securities and Central Bank of Argentina bills and notes 1,862,988,325 1,862,988,325 99.78 Corporate bonds 3,235,550 3,235,550 0.17 Financial trust 960,269 960,269 0.05 Total 1,867,184,144 1,867,184,144 100 % 100 100 |
Summary Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Goverment Securities At Fair Value | The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Local government securities 248,113,739 248,113,739 85.06 Foreign government securities 43,575,623 43,575,623 14.94 Total 291,689,362 291,689,362 100 % 100 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Local government securities 406,326,814 406,326,814 94.61 Foreign government securities 23,141,672 23,141,672 5.39 Total 429,468,486 429,468,486 100 % 100 100 |
Summary Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Other Financial Assets | The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Other financial assets 175,585,670 175,585,670 100 Total 175,585,670 175,585,670 100 % 100 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Other financial assets 166,688,096 166,688,096 100 Total 166,688,096 166,688,096 100 % 100 100 |
Summary of Detailed Information About Contingent Transaction Exposures Gross of Impairment Allowances by Stage | The table below shows the exposures gross of impairment allowances by stage: Composition 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Undrawn commitments of credit cards and checking accounts 1,374,006,128 10,671,555 2,596 1,384,680,279 84.14 Guarantees granted 184,387,622 184,387,622 11.20 Responsibilities for foreign trade operations 40,110,366 40,110,366 2.44 Overdraft and unused agreed commitments 36,538,156 32,744 36,570,900 2.22 Total 1,635,042,272 10,704,299 2,596 1,645,749,167 100 % 99.35 0.65 100 Composition 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Undrawn commitments of credit cards and checking accounts 2,049,412,777 33,623,110 4,677 2,083,040,564 98.92 Guarantees granted 22,333,880 22,333,880 1.06 Overdraft and unused agreed commitments 497,588 497,588 0.02 Total 2,072,244,245 33,623,110 4,677 2,105,872,032 100 % 98.40 1.60 100 |
Expected credit losses individually assessed [member] | |
Statement [LineItems] | |
Summary of Exposure to Credit Risk | The table below shows the credit quality and the debt balance to credit risk of commercial loans by grade on the Bank’s internal credit rating system, PD range and year-end stage classification. The Bank’s internal credit rating systems and the evaluation and measurement approaches are explained in Note 52.1 section “Credit risk”. Internal rating grade Range PD 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Performing 406,896,843 7,097,218 413,994,061 94.35 High grade 0.00 % - 3.50 % 370,890,261 4,272,758 375,163,019 85.50 Standard grade 3.51 % - 7.00 % 20,525,339 1,461 20,526,800 4.68 Sub-standard grade 7.01 % - 33.00 % 15,481,243 2,822,999 18,304,242 4.17 Past due but not impaired 33.01 % - 99.99 % 17,720,066 17,720,066 4.04 Impaired 100 % 7,064,873 7,064,873 1.61 Total 406,896,843 24,817,284 7,064,873 438,779,000 100 % 92.73 5.66 1.61 100 Internal rating grade Range PD 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Performing 326,942,915 8,003,761 334,946,676 98.74 High grade 0.00 % - 3.50 % 305,519,934 3,864,391 309,384,325 91.20 Standard grade 3.51 % - 7.00 % 11,345,135 1,951,825 13,296,960 3.92 Sub-standard grade 7.01 % - 33.00 % 10,077,846 2,187,545 12,265,391 3.62 Past due but not impaired 33.01 % - 99.99 % Impaired 100 % 4,282,033 4,282,033 1.26 Total 326,942,915 8,003,761 4,282,033 339,228,709 100 % 96.38 2.36 1.26 100 |
Expected credit losses collectively assessed [member] | |
Statement [LineItems] | |
Summary of Exposure to Credit Risk | The table below shows the credit quality and the debt balance to credit risk of loans portfolio under collective assessment, by grade of credit risk classification based on the Bank’s internal credit rating system, PD range and year-end stage classification. The Bank’s internal credit rating systems and the evaluation and measurement approaches are explained in Note 52.1 section “Credit risk”. Internal rating grade Range PD 12/31/2023 Stage 1 Stage 2 Stage 3 Total % Performing 1,361,734,950 42,229,471 1,403,964,421 96.93 High grade 0.00 % - 3.50 % 1,285,786,760 13,349,715 1,299,136,475 89.69 Standard grade 3.51 % - 7.00 % 53,794,051 11,095,197 64,889,248 4.48 Sub-standard grade 7.01 % - 33.00 % 22,154,139 17,784,559 39,938,698 2.76 Past due but not impaired (1) 33.01 % - 99.99 % 9,560,270 22,074,447 31,634,717 2.18 Impaired 100 % 12,928,515 12,928,515 0.89 Total 1,371,295,220 64,303,918 12,928,515 1,448,527,653 100 % 94.67 4.44 0.89 100 Internal rating grade Range PD 12/31/2022 Stage 1 Stage 2 Stage 3 Total % Performing 1,481,259,609 31,190,041 1,512,449,650 97.00 High grade 0.00 % - 3.50 % 1,376,401,574 3,816,621 1,380,218,195 88.52 Standard grade 3.51 % - 7.00 % 63,244,323 7,534,819 70,779,142 4.54 Sub-standard grade 7.01 % - 33.00 % 41,613,712 19,838,601 61,452,313 3.94 Past due but not impaired (1) 33.01 % - 99.99 % 11,793,490 23,553,411 35,346,901 2.27 Impaired 100 % 11,326,223 11,326,223 0.73 Total 1,493,053,099 54,743,452 11,326,223 1,559,122,774 100 % 95.76 3.51 0.73 100 (1) It also includes transactions which are more than 5 days past due independently of the PD range assigned. |
Commercial [member] | |
Statement [LineItems] | |
Summary of Exposure to Credit Risk | An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to lending on an individual assessment is as follows: Stage Total 1 2 3 Gross carrying amount as of January 1, 2023 326,942,915 8,003,761 4,282,033 339,228,709 Assets originated or purchased 649,772,639 21,238,203 671,010,842 Assets derecognized or repaid (176,933,446 ) (2,809,863 ) (179,743,309 ) Variations 28,015,918 6,597,883 10,966,820 45,580,621 Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3 Amounts Written Off (647,847 ) (647,847 ) Monetary effects (420,901,183 ) (11,022,563 ) (4,726,270 ) (436,650,016 ) As of December 31, 2023 406,896,843 24,817,284 7,064,873 438,779,000 Stage Total 1 2 3 Gross carrying amount as of January 1, 2022 489,589,175 28,728,902 4,631,927 522,950,004 Assets originated or purchased 342,707,676 2,859,746 345,567,422 Assets derecognized or repaid (259,247,462 ) (10,856,932 ) (3,298,295 ) (273,402,689 ) Variations 11,783,851 1,501,434 1,877,290 15,162,575 Transfers to Stage 1 77,630 (77,630 ) Transfers to Stage 2 Transfers to Stage 3 (466,878 ) (4,989,188 ) 5,456,066 Amounts Written Off Monetary effects (257,501,077 ) (9,162,571 ) (4,384,955 ) (271,048,603 ) As of December 31, 2022 326,942,915 8,003,761 4,282,033 339,228,709 Stage Total 1 2 3 ECL amount as of January 1, 2023 2,935,963 1,034,229 2,394,551 6,364,743 Assets originated or purchased 6,805,503 13,734,889 20,540,392 Assets derecognized or repaid (1,403,611 ) (1,409,340 ) (2,812,951 ) Variations 12,242 2,519,984 7,869,986 10,402,212 Transfers to Stage 1 Transfers to Stage 2 Transfers to Stage 3 Amounts Written Off (482,865 ) (482,865 ) Monetary effects (3,692,265 ) (3,704,590 ) (2,817,639 ) (10,214,494 ) As of December 31, 2023 4,657,832 13,584,512 5,554,693 23,797,037 Stage Total 1 2 3 ECL amount as of January 1, 2022 4,039,465 15,234,993 3,750,095 23,024,553 Assets originated or purchased 3,350,170 919,241 4,269,411 Assets derecognized or repaid (1,856,376 ) (6,696,177 ) (2,708,533 ) (11,261,086 ) Variations (216,466 ) (1,606,792 ) 498,343 (1,324,915 ) Transfers to Stage 1 48,467 (48,467 ) Transfers to Stage 2 Transfers to Stage 3 (353,824 ) (3,315,561 ) 3,669,385 Amounts Written Off Monetary effects (2,075,473 ) (3,453,008 ) (2,814,739 ) (8,343,220 ) As of December 31, 2022 2,935,963 1,034,229 2,394,551 6,364,743 |
Consumer [member] | |
Statement [LineItems] | |
Summary of Exposure to Credit Risk | An analysis of changes in the gross carrying amount and the corresponding ECL allowances in relation to lending on a collective assessment is as follows: Stage Total 1 2 3 Gross carrying amount as of January 1, 2023 1,493,053,099 54,743,452 11,326,223 1,559,122,774 Assets originated or purchased 1,288,196,204 60,456,674 1,348,652,878 Assets derecognized or repaid (264,755,327 ) (7,819,751 ) (1,732,917 ) (274,307,995 ) Variations 396,382,311 11,865,327 13,294,100 421,541,738 Transfers to Stage 1 21,169,524 (20,907,154 ) (262,370 ) Transfers to Stage 2 (41,248,185 ) 41,506,597 (258,412 ) Transfers to Stage 3 (6,764,857 ) (3,434,687 ) 10,199,544 Amounts Written Off (584,285 ) (1,905,495 ) (4,097,034 ) (6,586,814 ) Monetary effects (1,514,153,264 ) (70,201,045 ) (15,540,619 ) (1,599,894,928 ) As of December 31, 2023 1,371,295,220 64,303,918 12,928,515 1,448,527,653 Stage Total 1 2 3 Gross carrying amount as of January 1, 2022 1,601,779,515 55,595,400 15,378,194 1,672,753,109 Assets originated or purchased 898,380,301 26,220,738 924,601,039 Assets derecognized or repaid (300,383,490 ) (9,477,785 ) (3,040,709 ) (312,901,984 ) Variations 301,337,667 8,307,509 889,594 310,534,770 Transfers to Stage 1 19,195,129 (18,802,408 ) (392,721 ) Transfers to Stage 2 (31,409,433 ) 31,958,880 (549,447 ) Transfers to Stage 3 (11,503,191 ) (2,435,405 ) 13,938,596 Amounts Written Off (862,520 ) (1,609,898 ) (6,239,607 ) (8,712,025 ) Monetary effects (983,480,879 ) (35,013,579 ) (8,657,677 ) (1,027,152,135 ) As of December 31, 2022 1,493,053,099 54,743,452 11,326,223 1,559,122,774 Stage Total 1 2 3 ECL amount as of January 1, 2023 13,882,539 5,640,910 8,374,447 27,897,896 Assets originated or purchased 12,741,034 3,750,273 16,491,307 Assets derecognized or repaid (1,748,264 ) (1,046,286 ) (1,282,471 ) (4,077,021 ) Variations 4,045,132 3,699,144 17,195,963 24,940,239 Transfers to Stage 1 1,889,910 (1,700,132 ) (189,778 ) Transfers to Stage 2 (902,282 ) 1,088,669 (186,387 ) Transfers to Stage 3 (192,467 ) (540,494 ) 732,961 Amounts Written Off (52,705 ) (408,452 ) (2,906,858 ) (3,368,015 ) Monetary effects (14,365,446 ) (5,888,448 ) (11,778,749 ) (32,032,643 ) As of December 31, 2023 15,297,451 4,595,184 9,959,128 29,851,763 Stage Total 1 2 3 ECL amount as of January 1, 2022 17,023,541 6,088,536 12,287,981 35,400,058 Assets originated or purchased 15,875,923 2,924,800 18,800,723 Assets derecognized or repaid (3,910,181 ) (1,134,000 ) (2,366,268 ) (7,410,449 ) Variations (1,567,582 ) 2,964,912 4,933,971 6,331,301 Transfers to Stage 1 2,170,916 (1,847,672 ) (323,244 ) Transfers to Stage 2 (661,196 ) 980,554 (319,358 ) Transfers to Stage 3 (5,457,397 ) (434,943 ) 5,892,340 Amounts Written Off (51,899 ) (357,667 ) (5,119,302 ) (5,528,868 ) Monetary effects (9,539,586 ) (3,543,610 ) (6,611,673 ) (19,694,869 ) As of December 31, 2022 13,882,539 5,640,910 8,374,447 27,897,896 |
Other Debt Securities (Tables)
Other Debt Securities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Other Debt Securities | The following table shows the Bank’s holdings of other debt securities, net of the impairment allowances, as of December 31, 2023 and 2022: Name Holdings 12/31/2023 12/31/2022 Fair value Book amounts Book amounts OTHER DEBT SECURITIES Measured at fair value through other comprehensive income - Local Government securities Argentine government Treasury bonds in pesos adjusted by CER 4.25 1 196,595,700 Argentine government Treasury bonds in pesos adjusted by CER 3.75 1 33,259,200 Argentine government Treasury bonds in pesos - Maturity: 05-23-2027 1 6,667,968 Argentine government US dollar step-up bonds - Maturity: 07-09-2030 1 3,757,257 1,620,162 Argentine government Treasury bonds in pesos - Maturity: 08-23-2025 2 2,753,280 Argentine government Treasury bonds in pesos BADLAR x 0.7 1 2,597,991 Argentine government Treasury bonds in pesos adjusted by CER 4.25 1 2,200,700 Argentine government US dollar bonds 1 1 281,643 112,536 Argentine government discount bills in pesos adjusted by CER - Maturity: 02-17-2023 154,488,695 Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 03-25-2023 111,578,472 Other 138,526,949 Subtotal local government securities (1) 248,113,739 406,326,814 - Foreign Government securities US Treasury bills - Maturity: 01-18-2024 1 25,810,639 US Treasury bills - Maturity: 01-11-2024 1 12,111,378 US Treasury bills - Maturity: 01-09-2024 1 5,653,606 US Treasury bills - Maturity: 01-10-2024 23,141,672 Subtotal foreign government securities 43,575,623 23,141,672 Total Other debt securities measured at fair value through other comprehensive income (2) 291,689,362 429,468,486 Measured at amortized cost - Local Government securities Argentine government Treasury bonds in pesos - Maturity: 08-23-2025 44,954,504 Argentine government Treasury bonds in pesos - Maturity: 05-23-2027 35,263,806 125,065,730 Argentine government Treasury bonds in pesos BADLAR x 0.7 - Maturity: 11-23-2027 13,387,030 26,079,046 Discount bonds in pesos 5.83 1,494,782 1,578,509 Province of Río Negro Treasury bills S03 - Maturity: 06-14-2024 104,561 Province of Río Negro debt securities in pesos - Maturity: 04-12-2023 623,852 Province of Río Negro Treasury bills S02 in pesos - Maturity: 06-15-2023 619,698 Subtotal local government securities 95,204,683 153,966,835 Name Holdings 12/31/2023 12/31/2022 Fair value Book Book OTHER DEBT SECURITIES (continued) BCRA bills BCRA internal bills at benchmark exchange rate - Maturity: 10-03-2024 10,106,040 BCRA internal bills at benchmark exchange rate - Maturity: 11-18-2024 7,276,350 BCRA internal bills at benchmark exchange rate - Maturity: 10-19-2024 4,042,417 BCRA internal bills at benchmark exchange rate - Maturity: 11-15-2024 3,314,782 BCRA internal bills at benchmark exchange rate - Maturity: 08-06-2024 2,263,753 BCRA internal bills at benchmark exchange rate - Maturity: 08-08-2024 1,940,360 BCRA internal bills at benchmark exchange rate - Maturity: 11-13-2024 1,697,815 BCRA internal bills at benchmark exchange rate - Maturity: 11-20-2024 1,455,270 BCRA internal bills at benchmark exchange rate - Maturity: 10-18-2024 808,483 BCRA internal bills at benchmark exchange rate - Maturity: 08-03-2024 161,697 Other 1,670,281,970 Subtotal BCRA bills 33,066,967 1,670,281,970 BCRA notes BCRA liquidity notes in pesos - Maturity: 01-04-2023 37,698,797 Subtotal BCRA notes 37,698,797 Private securities Corporate bonds Vista Energy Argentina SAU C20 - Maturity: 07-20-2025 2,579,153 Corporate bonds Vista Energy Argentina SAU C13 - Maturity: 08-08-2024 2,379,207 1,625,295 Corporate bonds Vista Oil y Gas Argentina SAU C15 -Maturity: 01-20-2025 2,194,824 1,499,962 Corporate bonds Volkswagen Financial Services C010 – Maturity: 10-12-2024 1,923,729 Corporate bonds MSU SA C06 – Maturity: 11-02-2024 811,502 Fiduciary debt securities Confibono Financial Trust S73 Class A - Maturity: 05-20-2024 474,426 Corporate bonds SME Liliana SRL Guaranteed S01 – Maturity: 04-18-2025 420,072 Fiduciary debt securities Secubono Financial Trust S230 Class A - Maturity: 06-28-2024 77,380 Fiduciary debt securities Moni Mobile Financial Trust S09 Class A - Maturity: 09-16-2024 55,448 Fiduciary debt securities Supercanal II Financial Trust Class A - Maturity: 03-21-2024 24,852 Other 32,893 1,068,085 Subtotal local private securities 10,973,486 4,193,342 Total Other debt securities measured amortized cost ( 3 139,245,136 1,866,140,944 TOTAL OTHER DEBT SECURITIES 430,934,498 2,295,609,430 (1) In January and March 2023, the Bank entered into voluntary debt exchange under the terms of section 11, Presidential Decree No. 331/2022 issued by the Ministry of Economy. The securities involved in such exchange transactions were as follows: • Argentine government discount Treasury bills in pesos – Maturity: 06-30-2023 (S3OJ3) for a face value of 26,640,975,851. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 02-17-2023 (X17F3) for a face value of 20,900,000,000. • Argentine government discount Treasury bills in pesos – Maturity: 02-28-2023 (S28F3) for a face value of 12,893,000,000. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 06-16-2023 (X16J3) for a face value of 4,516,000,000. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 05-19-2023 (X19Y3) for a face value of 1,759,369,713. • Argentine government discount Treasury bills in pesos adjusted by CER – Maturity: 01-20-2023 (X20E3) for a face value of 290,000,000. Additionally, with almost all the instruments received, the Bank acquired put options with the BCRA that could be exercised up to one day before the maturity of the underlying instrument. Considering the terms and conditions of these put options established by the BCRA, they are considered “out of the money” with fair value amounted to zero. (2) The gross carrying amount of these investments, their stages and the related allowance for ECL are disclosed in Note 9.3. (3) The gross carrying amount of these investments, their stages and the related allowance for ECL are disclosed in Note 9.2. |
Financial Assets Delivered as_2
Financial Assets Delivered as Guarantee (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Financial Assets Delivered as Guarantee | The composition of financial assets delivered as guarantee as of December 31, 2023 and 2022 is as follows: Composition Carrying amount 12/31/2023 12/31/2022 For transactions with the BCRA 68,117,546 77,305,535 For guarantee deposits 34,326,813 18,048,350 For repurchase agreements 30,446,725 Total 132,891,084 95,353,885 |
Equity Instruments at Fair Va_2
Equity Instruments at Fair Value Through Profit or Loss (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Equity Instruments at Fair Value Through Profit or Loss | The following table shows the bank’s holdings of equity instruments at fair value through profit or loss as of December 31, 2023 and 2022: Name Holdings 12/31/2023 12/31/2022 Fair value Book Book EQUITY INSTRUMENTS Measured at fair value through profit or loss - Local Mercado Abierto Electrónico SA 3 1,669,450 1,440,372 Matba Rofex SA 1 814,957 C.O.E.L.S.A 3 242,424 272,678 Mercado a Término Rosario SA 3 44,978 AC Inversora SA 3 39,182 60,983 Sedesa 3 37,638 66,301 Provincanje SA 3 15,290 45,173 Pampa Energía SA 1 3,166 2,247 Acindar SA 3 1,445 Other 1,303 230,000 Subtotal local 2,869,833 2,117,754 - Foreign Banco Latinoamericano de Comercio Exterior SA 1 146,084 65,260 Cedear Vista Oil & Gas 1 125,423 45,811 Cedear Pepsico 1 40,694 58,498 Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales 3 26,122 17,582 Cedear Thermo Fisher Scientific Inc. 1 5,685 7,956 Cedear Exxon Mob 106,082 Cedear Berkshire Hathaway Inc. 89,156 Cedear McDonald 67,049 Cedear Bioceres Crop Solutions Corp. 11,126 Cedear Unitedhealth Group Inc. 8,144 Other 19,718 Subtotal foreign 344,008 496,382 Total measured at fair value through profit or loss 3,213,841 2,614,136 TOTAL EQUITY INSTRUMENTS 3,213,841 2,614,136 |
Fair Value Quantitative And Q_2
Fair Value Quantitative And Qualitative Disclosures (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Fair Value Measurement of Asset and Liability | The following tables show the hierarchy in the Bank’s financial asset and liability at fair value measurement, as of December 31, 2023 and 2022: Categories of financial assets and liabilities as of December 31, 2023 Item Amortized Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial assets Cash and deposits in banks Cash 397,357,431 Financial institutions 805,691,627 Other 56,037 Debt securities at fair value through profit or loss 1,752,113,837 1,731,451,370 20,655,451 7,016 Derivative financial instruments 13,143,270 656 13,142,614 Repo transactions BCRA 615,582,382 Other financial assets 174,990,394 26,390,995 26,327,594 63,401 Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial assets (contd.) Loans and other financing To the non-financial government sector 4,715,710 Other financial institutions 9,965,075 To the non-financial private sector and foreign residents Overdrafts 287,899,182 Documents 338,338,841 Mortgage loans 165,128,338 Pledge loans 28,127,344 Personal loans 238,271,939 Credit cards 484,769,569 Financial leases 9,488,598 Other (1) 266,953,257 Other debt securities 139,245,136 291,689,362 288,936,082 2,753,280 Financial assets delivered as guarantee 107,662,222 25,228,862 25,228,862 Equity instruments at fair value through profit or loss 3,213,841 1,136,009 2,077,832 TOTAL FINANCIAL ASSETS 4,074,243,082 291,689,362 1,820,090,805 2,073,080,573 36,551,345 2,148,249 (1) Includes the total allowances to the non-financial private sector and foreign residents. Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial liabilities Deposits From the non-financial government sector 187,100,670 From the financial sector 20,185,431 From the non-financial private sector and foreign residents Checking accounts 509,621,461 Savings accounts 1,430,030,343 Time deposits and investment accounts 1,048,237,134 Other 175,065,571 Liabilities at fair value through profit or loss 13,825,475 13,825,475 Derivative financial instruments 2,837,879 40,390 2,797,489 Repo transactions Other financial entities 23,601,328 Other financial liabilities 374,491,943 Financing received from Central Bank and other financial institutions 19,799,011 Issued corporate bonds 58,864,013 Subordinated corporate bonds 328,227,793 TOTAL FINANCIAL LIABILITIES 4,175,224,698 16,663,354 13,865,865 2,797,489 Categories of financial assets and liabilities as of December 31, 2022 Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial assets Cash and deposits in banks Cash 85,987,793 Financial institutions 692,771,013 Other 37,738 Debt securities at fair value through profit or loss 657,238,645 643,243,336 10,782,004 3,213,305 Derivative financial instruments 133,591 59,768 73,823 Repo transactions BCRA 192,852,624 Other financial assets 166,404,589 14,039,085 13,885,203 153,882 Loans and other financing To the non-financial government sector 6,872,050 Other financial institutions 2,887,593 To the non-financial private sector and foreign residents Overdrafts 153,368,437 Documents 254,649,736 Mortgage loans 192,779,725 Pledge loans 29,836,828 Personal loans 443,848,226 Credit cards 594,100,838 Financial leases 4,318,607 Other (1) 181,426,804 Other debt securities 1,866,140,944 429,468,486 429,468,486 Financial assets delivered as guarantee 95,353,885 Equity instruments at fair value through profit or loss 2,614,136 481,047 2,133,089 TOTAL FINANCIAL ASSETS 4,963,637,430 429,468,486 674,025,457 1,087,137,840 10,855,827 5,500,276 (1) Includes the total allowances to the non-financial private sector and foreign residents. Item Amortized cost Fair value Fair value Fair value hierarchy Obligatory Level 1 Level 2 Level 3 Financial liabilities Deposits From the non-financial government sector 342,399,722 From the financial sector 5,148,961 From the non-financial private sector and foreign residents Checking accounts 495,523,560 Savings accounts 1,307,102,600 Time deposits and Investment accounts 1,771,977,942 Other 111,806,481 Liabilities at fair value through profit or loss 1,638,088 1,638,088 Derivative financial instruments 7,382 7,382 Other financial liabilities 420,684,684 Financing received from Central Bank and other financial institutions 7,627,436 Issued corporate bonds 8,456,451 Subordinated corporate bonds 224,617,825 TOTAL FINANCIAL LIABILITIES 4,695,345,662 1,645,470 1,645,470 |
Summary of Financial Assets and Liabilities Recognized at Fair Value using the Valuation Technique | Below is the reconciliation between the amounts at the beginning and at the end of the fiscal year of the financial assets recognized at fair value categorized as level 3: Reconciliation As of December 31, 2023 Debt Other financial Equity Amount at the beginning 3,213,305 153,882 2,133,089 Transfers to level 3 Transfers from level 3 (1) (140,628 ) Profit and loss 2,331,940 37,262 2,250,161 Recognition and derecognition (3,455,281 ) 25,082 Monetary effects (2,082,948 ) (127,743 ) (2,189,872 ) Amount at the end of the fiscal year 7,016 63,401 2,077,832 Reconciliation As of December 31, 2022 Debt Other financial Equity Amount at the beginning 6,774,234 188,174 12,811,441 Transfers to level 3 Transfers from level 3 Profit and loss 2,277,140 15,770 11,198 Recognition and derecognition (2,497,377 ) 65,586 (7,810,219 ) Monetary effects (3,340,692 ) (115,648 ) (2,879,331 ) Amount at the end of the fiscal year 3,213,305 153,882 2,133,089 (1) Transfer of equity instruments at fair value through profit or loss from level 3 to level 1 that were measured using quoted prices observable in active markets as of December 31, 2023. |
Summary of Comparison between Fair Value and the Carrying Amount of Financial Instruments | The following table shows a comparison between the fair value and the carrying amount of financial instruments not measured at fair value as of December 31, 2023 and 2022: Composition 12/31/2023 Carrying Level 1 Level 2 Level 3 Fair value Financial assets Cash and deposits in banks 1,203,105,095 1,203,105,095 1,203,105,095 Repo transactions 615,582,382 615,582,382 615,582,382 Other financial assets 174,990,394 174,990,394 174,990,394 Loans and other financing 1,833,657,853 1,612,236,333 1,612,236,333 Other debt securities 139,245,136 92,032,365 55,565,564 147,597,929 Financial assets delivered as guarantee 107,662,222 107,662,222 107,662,222 Total 4,074,243,082 2,193,372,458 55,565,564 1,612,236,333 3,861,174,355 Financial liabilities Deposits 3,370,240,610 2,091,506,221 1,280,298,042 3,371,804,263 Repo transactions 23,601,328 23,601,328 23,601,328 Other financial liabilities 374,491,943 362,362,512 11,631,954 373,994,466 Financing received from the BCRA and other financial institutions 19,799,011 7,807,601 6,142,257 13,949,858 Issued corporate bonds 58,864,013 59,650,007 59,650,007 Subordinated corporate bonds 328,227,793 277,875,886 277,875,886 Total 4,175,224,698 2,485,277,662 355,300,104 1,280,298,042 4,120,875,808 Composition 12/31/2022 Carrying Level 1 Level 2 Level 3 Fair value Financial assets Cash and deposits in banks 778,796,544 778,796,552 778,796,552 Repo transactions 192,852,624 192,852,627 192,852,627 Other financial assets 166,404,589 166,404,589 166,404,589 Loans and other financing 1,864,088,844 1,625,360,056 1,625,360,056 Other debt securities 1,866,140,944 1,593,543,746 257,439,650 299,898 1,851,283,294 Financial assets delivered as guarantee 95,353,885 95,353,886 95,353,886 Total 4,963,637,430 2,826,951,400 257,439,650 1,625,659,954 4,710,051,004 Financial liabilities Deposits 4,033,959,266 2,021,273,290 2,009,393,334 4,030,666,624 Other financial liabilities 420,684,684 407,263,472 13,614,443 420,877,915 Financing received from the BCRA and other financial institutions 7,627,436 7,418,200 161,817 7,580,017 Issued corporate bonds 8,456,451 8,216,649 8,216,649 Subordinated corporate bonds 224,617,825 183,155,754 183,155,754 Total 4,695,345,662 2,435,954,962 205,148,663 2,009,393,334 4,650,496,959 |
Business Combinations (Tables)
Business Combinations (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Macro Agro SAU [Member] | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of detailed information about business combination [text block] | The fair value of the assets identified and liabilities assumed as of the acquisition date is as follows (figures stated in thousands of pesos in constant currency as of December 31, 2023): Composition Fair value Assets Cash and deposits in banks 47,782 Debt securities at fair value through profit or loss 986,466 Loans and other financing 138,047 Financial assets delivered as guarantee 1,899,588 Other financial assets 7,393,142 Property, plant and equipment 133,492 Intangible assets 29,675 Other non-financial assets 109,667 10,737,859 Composition (contd.) Fair value Liabilities Other financial liabilities 7,325,831 Provisions 20,666 Current income tax liabilities 124,492 Deferred income tax liabilities 147,107 Other non-financial liabilities 2,036,240 9,654,336 Net assets acquired at fair value 1,083,523 |
Banco BMA SAU [Member] | |
Disclosure of detailed information about business combination [line items] | |
Disclosure of detailed information about business combination [text block] | The fair value of the assets identified acquired and liabilities assumed as of the acquisition date is as follows (figures stated in thousands of pesos in constant currency as of December 31, 2023): Composition Fair value Assets Cash and deposits in banks 160,975,229 Debt securities at fair value through profit or loss 51,232,686 Derivative financial instruments 22,198,599 Repo transactions 255,552,986 Other financial assets 16,610,423 Loans and other financing 290,578,416 Other debt securities 68,697,853 Financial assets delivered as guarantee 40,705,395 Current income tax assets 203,976 Equity instruments at fair value through profit or loss 190,362 Investments in associates and joint arrangements 9,599,589 Property, plant and equipment 37,443,475 Intangible assets 21,298,818 Deferred income tax assets 18,763,919 Other non-financial assets 7,400,772 Non-current assets held for sale 12,974,758 1,014,427,256 Liabilities Deposits 675,034,941 Liabilities at fair value through profit or loss 20,346,543 Derivative financial instruments 8,578,570 Other financial liabilities 19,082,094 Financing received from the Central Bank of Argentina and other financial institutions 10,666,322 Issued corporate bonds 5,920,878 Current income tax liabilities 20,058,160 Provisions 2,983,960 Deferred income tax liabilities 17,707,310 Other non-financial liabilities 54,821,380 835,200,158 Net assets acquired at fair value 179,227,098 |
Investments in Associates and_2
Investments in Associates and Joint Arrangements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summarized Financial Information on the Bank's Investment | The following table provides summarized financial information about the Bank’s investment in its associates: Entity Proportional Financial position Loss for the fiscal year 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Macro Warrants SA 5 % 11,581 17,327 (5,746 ) (5,048 ) (1) and (2) Play Digital SA 9.45 % 747,460 1,317,126 (1,521,734 ) (1,289,561 ) (1) and (2) Alianza SGR 24.98 % 3,010 (88,831 ) (1) (1) The existence of significant influence is evidenced by the representation the Bank has in the Board of Directors of this associate. (2) To measure this investment, accounting information of this associate as of September 30, 2023 has been used. Additionally, significant transactions conducted or events that occurred between October 1, 2023 and December 31, 2023, have been considered. |
Summarized Financial Information on the Bank's Investment | The following table provides summarized financial information about the Bank’s investment in its joint ventures: Entity Proportional Financial position Profit (Loss) for the fiscal 12/31/2023 12/31/2022 12/31/2023 12/31/2022 Banco Macro SA – Bizland SAU Unión transitoria 50 % 828,510 2,001,551 514,407 1,005,610 Finova SA 50 % 94,550 219,021 (124,470 ) (39,119 ) |
Property, Plant and Equipment (
Property, Plant and Equipment (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Changes in Property, Plant and Equipment | The changes in property, plant and equipment during the fiscal years ended on December 31, 2023 and 2022 are as follows: Item 12/31/2023 Original value at Total life Increases Acquisitions Decreases Transfers Difference Depreciation for the fiscal year Residual Accumulated Transfers Decrease Difference For the fiscal year At the end Cost Real property 296,471,464 50 1,698,607 37,387,065 169,694 1,333,037 44,278,564 (143,510 ) 27,456 7,936,570 52,044,168 284,676,311 Furniture and facilities 46,034,760 10 1,636,743 10,349,070 146,844 1,790,289 497 30,133,853 1,852 147,250 68 4,123,432 34,111,955 25,552,560 Machinery and equipment 66,838,838 5 8,754,727 28,867,455 6,865,320 358,865 31,688 71,145,727 1,218 6,865,377 4,591 9,247,787 73,533,946 24,452,307 Vehicles 8,952,891 5 2,639,490 355,138 826,096 (9,130 ) 11,224 7,465,702 6,751 669,916 3,033 1,054,300 7,859,870 3,263,647 Other 2,580 3 17,939 7,462,091 464 15,286 7,418,402 464 1,519 2,015 7,421,472 75,960 Work in progress 4,037,144 8,985,716 72,307 47,874 (4,500,626 ) 8,546,667 Right of use real property 25,292,305 5 3,573,457 7,490,744 1,451,563 4,327 39,898 22,852,126 (690 ) 680,745 52,506 4,569,172 26,792,369 8,156,799 Right of use furniture 5 2,491,606 428,471 428,471 2,063,135 Total property, plant and equipment 447,629,982 29,798,285 91,983,870 9,507,855 (1,023,238 ) 98,593 183,294,374 (134,379 ) 8,391,208 61,717 27,361,747 202,192,251 356,787,386 (1) Additionally, see Note 14. (2) Accumulated depreciation on the assets of Banco BMA SAU and Macro Agro SAU are included. Item 12/31/2022 Original value at Total life Increases Acquisitions Decreases Transfers Difference Depreciation for the fiscal year Residual Accumulated Transfers Decrease Difference For the fiscal year At the end Cost Real property 290,736,623 50 1,854,495 380,457 4,260,803 29,224,299 (244,540 ) 65,389 6,375,157 35,289,527 261,181,937 Furniture and facilities 40,106,711 10 1,288,068 5,163 4,645,706 (562 ) 19,758,774 14 1,679 (456 ) 3,580,774 23,337,427 22,697,333 Machinery and equipment 57,044,080 5 6,536,319 17,433 3,276,434 (562 ) 39,382,638 (4,781 ) 16,703 (1,423 ) 8,383,468 47,743,199 19,095,639 Vehicles 8,105,932 5 1,401,175 549,642 (28,674 ) 24,100 6,646,687 (2,177 ) 359,190 45 819,156 7,104,521 1,848,370 Other 5,414 3 (2,834 ) 2,580 (3,297 ) 1,738 1,021 1,559 Work in progress 9,621,931 8,438,425 (14,023,212 ) 4,037,144 Right of use real property 22,900,818 5 2,700,690 299,565 (9,638 ) 12,783,172 185,885 (790 ) 4,346,326 16,942,823 8,349,482 Total property, plant and equipment 428,521,509 22,219,172 1,252,260 (1,868,943 ) 10,504 107,798,150 (251,484 ) 628,846 (5,921 ) 23,506,619 130,418,518 317,211,464 |
Investment Properties (Tables)
Investment Properties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Changes in Investment Property | The changes in investment property (including in “Other non-financial assets” – see Note 19) during the fiscal years ended on December 31, 2023 and 2022 are as follow: Item 12/31/2023 Original Useful life Increases Decreases Transfers Difference Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the At the Cost Leased properties 1,235,102 50 (1 ) 186,723 3,543 23,135 213,401 1,021,700 Other investment properties 26,881,367 50 1,629,110 383,603 1,282,421 662 868,593 219,875 235,097 563,430 1,416,801 27,993,156 Total investment property 28,116,469 1,629,110 383,603 1,282,420 662 1,055,316 223,418 235,097 586,565 1,630,202 29,014,856 Item 12/31/2022 Original Useful life Increases Decreases Transfers Difference Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the year At the Cost Leased properties 1,401,299 50 3,602 (169,799 ) 50,624 119,697 16,402 186,723 1,048,379 Other investment properties 4,268,894 50 31,067,522 81,960 (8,373,076 ) (13 ) 343,903 (17,750 ) 7,155 549,595 868,593 26,012,774 Total investment property 5,670,193 31,071,124 81,960 (8,542,875 ) (13 ) 394,527 101,947 7,155 565,997 1,055,316 27,061,153 (1) During the fiscal year 2022, under this item transfers were made to Non-current assets held for sale. |
Intangible Assets (Tables)
Intangible Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Changes in Intangible Assets | The changes in intangible assets during the fiscal years ended on December 31, 2023 and 2022 are as follow: Item 12/31/2023 Original value at Useful life Increases Acquisitions Decreases Transfers Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the fiscal year At the end Cost Licenses 34,758,597 5 4,225,829 5,184,932 (464 ) 24,340,593 (1,045 ) 6,232,486 30,572,034 13,596,860 Other intangible assets 121,033,580 5 25,192,749 49,220,828 753,032 (5,188 ) 109,214,883 1,099 18,781 23,917,968 133,115,169 61,573,768 Total intangible assets 155,792,177 29,418,578 54,405,760 753,032 (5,652 ) 133,555,476 54 18,781 30,150,454 163,687,203 75,170,628 (1) Additionally, see Note 14. (2) Accumulated depreciation on the assets of Banco BMA SAU and Macro Agro SAU are included. Item 12/31/2022 Original value at Useful life Increases Acquisitions Decreases Transfers Depreciation for the fiscal year Residual value Accumulated Transfers Decrease For the fiscal year At the end Cost Licenses 30,393,599 5 4,084,757 280,241 18,592,344 10,512 5,737,590 24,340,446 10,418,151 Other intangible assets 98,655,217 5 22,731,282 104,553 (248,366 ) 59,476,025 (4,145 ) 4,090 17,675,187 77,142,977 43,890,603 Total intangible assets 129,048,816 26,816,039 104,553 31,875 78,068,369 6,367 4,090 23,412,777 101,483,423 54,308,754 |
Other Non-Financial Assets (Tab
Other Non-Financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Other Non-Financial Assets | The composition of the other non-financial assets as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Investment property (see Note 17) 29,014,856 27,061,153 Tax advances 14,445,390 3,830,762 Advanced prepayments 9,307,953 7,310,656 Other 2,014,385 576,618 Total 54,782,584 38,779,189 |
Related Parties (Tables)
Related Parties (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Amounts and Profit or Loss Related to Transactions Generated With Related Parties | The amounts balances as of December 31, 2023 and 2022 and the profit or loss for the fiscal years ended December 31, 2023, 2022 and 2021, related to transactions generated with related parties are as follows: As of December 31, 2023 Main subsidiaries (1) Associates Key Other Total Macro Macro Argenpay Fintech Macro SAU Assets Cash and deposits in banks 6,478 6,478 Other financial assets 8,326,118 1,077,944 7,139,810 16,543,872 Loans and other financing (4) Documents 1,284,488 1,284,488 Overdraft 257,516 2,662,095 2,919,611 Credit cards 605,145 129,042 734,187 Lease 30,976 51,602 82,578 Personal loans 5,562 5,562 Mortgage loans 1,261,934 1,261,934 Other loans (5) 378,210 5,877,322 6,255,532 Guarantee granted 26,357,386 26,357,386 Total assets 6,478 8,326,118 30,976 3,586,311 43,501,745 55,451,628 Liabilities Deposits 15,785,008 258,554 24,681 11,170 304,321 24,665,263 21,695,667 62,744,664 Liabilities at fair value through profit or loss 13,817,710 13,817,710 Other financial liabilities 5,108,496 954,452 6,062,948 Issued corporate bonds 2,884,982 2,884,982 Subordinated corporate bonds 781,691 123,425 905,116 Other non-financial liabilities 4,991,527 4,991,527 Total liabilities 18,669,990 258,554 806,372 134,595 304,321 29,773,759 41,459,356 91,406,947 Income / (loss) Interest income 237,527 14,328 1,915,668 5,682,782 7,850,305 Interest expense (91,654 ) (204,618 ) (111,987 ) (408,259 ) Commissions income 77,309 57,264 1,190 475 564,890 701,128 Commissions expense (46,020 ) (105 ) (101,495 ) (147,620 ) Other operating income 215,291 32 9,361,556 3,090 389 20 61,549 9,641,927 Administrative expense (2,479,398 ) (2,479,398 ) Other operating expense (10 ) (501 ) (537,471 ) (537,982 ) Total income / (loss) 530,117 32 9,372,800 17,418 (90,075 ) 1,710,939 3,078,870 14,620,101 (1) These transactions are eliminated during the consolidation process. (2) It includes the balance amounts from its subsidiary Macro Fondos SGFCISA. (3) Includes close family members of the key management personnel. (4) The maximum financing amount for Loans and other financing as of December 31, 2023 for Macro Securities SAU, Macro Agro (5) It is related to Loans and other financing not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions and Loans with government securities. As of December 31, 2022 Main subsidiaries (1) Associates Key Other Total Macro Macro Argenpay Fintech Assets Cash and deposits in banks 4,419 4,419 Other financial assets 9,395,278 724,126 59 10,119,463 Loans and other financing (4) Documents 175,223 1,310,746 1,485,969 Overdraft 590,790 155,143 745,933 Credit cards 207,665 207,665 Lease 3,619 3,619 Personal loans 1,689,642 1,689,642 Other loans (5) 6,581,205 472,869 4,360,084 11,414,158 Guarantee granted 4,795,743 4,795,743 Total assets 4,419 6,581,205 9,395,278 3,656,269 10,829,440 30,466,611 Liabilities Deposits 9,347,392 181,046 361 263,793 12,959,967 7,160,317 29,912,876 Liabilities at fair value through profit or loss 512,593 512,593 Other financial liabilities 160,967 37,456 198,423 Issued corporate bonds 897,421 897,421 Subordinated corporate bonds 450,137 450,137 Other non-financial liabilities 62,954 62,954 Total liabilities 10,244,813 181,046 450,498 263,793 13,120,934 7,773,320 32,034,404 Income / (loss) Interest income 13,462 915,252 6,176,142 7,104,856 Interest expense (71,530 ) (325,275 ) (214,965 ) (611,770 ) Commissions income 77,843 2,466 1,074 190 327,193 408,766 Commissions expense (33,156 ) (159 ) (3,559 ) (36,874 ) Other operating income 16 125 4,063,048 162 4,063,351 Credit loss expense on financial assets (1,165 ) (1,165 ) Administrative expense (1,824,036 ) (1,824,036 ) Other operating expense (45,188 ) (220,567 ) (265,755 ) Total income / (loss) 16 44,952 125 4,032,358 (70,456 ) 590,008 4,240,370 8,837,373 (1) These transactions are eliminated during the consolidation process. (2) It includes the balance amounts from its subsidiary Macro Fondos SGFCISA. (3) Includes close family members of the key management personnel. (4) The maximum financing amount for Loans and other financing as of December 31, 2022 for Macro Securities SAU, Fintech SGR, Key management personnel and Other related parties amounted to 14,101,862, 7,895,654, 4,108,625 and 52,441,567, respectively. (5) It is related to Loans and other financing not disclosed in other items, mainly Other loans, Financing of foreign exchange transactions and Loans with government securities. As of December 31, 2021 Main subsidiaries (1) Associates Key Other Total Macro Macro Argenpay Fintech Income / (loss) Interest income 21,674 988,486 8,716,278 9,726,438 Interest expense (25,550 ) (105,148 ) (232,819 ) (339,781 ) (703,298 ) Commissions income 134,132 176 1,353 115 611,520 747,296 Commissions expense (2,178 ) (140 ) (1,068 ) (3,386 ) Net gain from measurement of financial instruments at fair value through profit or loss 142,284 142,284 Other operating income 24 20,843 40,636 194 61,697 Administrative expense (1,457,607 ) (1,457,607 ) Other operating expense (451,426 ) (451,426 ) Total income / (loss) 24 151,099 180,918 (103,795 ) 755,642 7,078,110 8,061,998 (1) These transactions are eliminated during the consolidation process. (2) It includes the balance amounts from its subsidiary Macro Fondos SGFCISA. (3) Includes close family members of the key management personnel. |
Composition of Board of Directors and Key Management Personnel | Additionally, the composition of the Board of Directors and key management personnel of the Bank and its subsidiaries is as follows: Composition 12/31/2023 12/31/2022 Board of Directors 22 22 Senior managers of the key management personnel 12 12 Total 34 34 |
Other Financial Liabilites (Tab
Other Financial Liabilites (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Breakdown of Other Financial Liabilites | The composition of the other financial liabilities as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Credit and debit card settlement - due to merchants 196,821,322 228,920,357 Amounts payable for other spot purchases pending settlement 93,449,791 45,887,253 Payment orders pending to foreign exchange settlement 34,430,062 17,727,873 Collections and other transactions on account and behalf of others 10,454,906 8,737,913 Finance leases liabilities 9,388,790 6,119,963 Amounts payable for spot purchases of foreign currency pending settlement 1,326,551 49,982,243 Amounts payable for spot purchases of government securities pending settlement 310,596 30,457,203 Other 28,309,925 32,851,879 Total 374,491,943 420,684,684 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of quantitative information about right-of-use assets | Set out below are the carrying amounts of lease liabilities and the movements during the fiscal year: Movements 2023 2022 2021 At the beginning of the fiscal year 6,119,963 8,614,762 10,763,282 Additions 5,993,172 1,980,876 2,995,872 Accretion of interest 853,157 1,200,066 1,326,813 Difference in foreign currency 7,299,242 2,211,464 1,355,364 Payments (3,943,775 ) (3,186,650 ) (4,687,091 ) Monetary effects (6,932,969 ) (4,700,555 ) (3,139,478 ) At the end of the fiscal year (see Note 21) 9,388,790 6,119,963 8,614,762 |
Summary of maturity analysis of operating lease payments | The table below shows the maturity of the lease liabilities as of December 31, 2023 and 2022: Lease liabilities Up to 1 Over 1 Over 3 Over 6 Total up to Over 12 Over 24 Total over 12 Balances as of 12/31/2023 501,538 661,704 869,428 1,500,379 3,533,049 2,065,420 3,790,321 5,855,741 Balances as of 12/31/2022 317,642 522,439 717,689 1,167,878 2,725,648 1,430,105 1,964,210 3,394,315 |
Summary of Reconciliation Between Gross Investment of Financial Leases and the Current Value of the Minimum Payments Receivables | The following table shows the reconciliation between the total gross investment of financial leases and the current value of the minimum payment receivables for such leases: 12/31/2023 12/31/2022 Current value of Total gross Current value of Total gross Up to 1 year 3,158,511 11,978,813 2,161,580 3,254,319 From 1 to 5 years 6,328,466 18,507,415 2,157,027 3,587,139 Over 5 years 1,621 1,974 Total 9,488,598 30,488,202 4,318,607 6,841,458 |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Changes in Provisions | Composition Amounts at Increases Decreases Monetary 12/31/2023 Reversals Charge off For administrative, disciplinary and criminal penalties 1,559 (1,059 ) 500 Letters of credits, guarantees and other commitments (1) 2,403,512 1,877,415 146,042 (1,958,230 ) 2,176,655 Commercial claims in progress 1,540,253 2,990,634 608,307 (1,101,988 ) 2,820,592 Labor lawsuits 829,484 1,679,270 1,025,267 (850,033 ) 633,454 Pension funds - reimbursement 1,614,617 2,336,602 1,066,804 (1,665,080 ) 1,219,335 Other 2,293,034 3,558,224 158,539 1,591,020 (2,139,299 ) 1,962,400 Total provisions 8,682,459 12,442,145 158,539 4,437,440 (7,715,689 ) 8,812,936 Composition Amounts at Increases Decreases Monetary 12/31/2022 Reversals Charge off For administrative, disciplinary and criminal penalties 3,027 (1,468 ) 1,559 Letters of credits, guarantees and other commitments (1) 2,141,809 1,860,374 (1,598,671 ) 2,403,512 Commercial claims in progress 1,926,181 1,120,189 385,040 (1,121,077 ) 1,540,253 Labor lawsuits 1,306,582 1,762,742 1,507,674 (732,166 ) 829,484 Pension funds - reimbursement 644,573 1,734,279 74,249 (689,986 ) 1,614,617 Other 4,008,305 2,733,617 1,687,512 (2,761,376 ) 2,293,034 Total provisions 10,030,477 9,211,201 3,654,475 (6,904,744 ) 8,682,459 (1) These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4. |
Summary of Expected Term to Settle Obligations | The expected terms to settle these obligations are as follows: Composition 12/31/2023 12/31/2023 12/31/2022 Within 12 Over 12 For administrative, disciplinary and criminal penalties 500 500 1,559 Letters of credits, guarantees and other commitments (1) 2,176,655 2,176,655 2,403,512 Commercial claims in progress (2) 1,513,027 1,307,565 2,820,592 1,540,253 Labor lawsuits 354,211 279,243 633,454 829,484 Pension funds - reimbursement 672,026 547,309 1,219,335 1,614,617 Other 776,102 1,186,298 1,962,400 2,293,034 Total 5,492,021 3,320,915 8,812,936 8,682,459 (1) These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4. (2) See also Note 50.2. |
Other Non-Financial Liabiliti_2
Other Non-Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Breakdown of Other Non Financial Liabilities | The composition of other non-financial liabilities as of December 31, 2023 and 2022 is as follows: Composition 12/31/2023 12/31/2022 Salaries, bonuses and payroll taxes payables 52,891,537 34,157,484 Withholdings 45,141,632 49,403,965 Miscellaneous payables 37,049,991 9,200,669 Taxes payables 33,767,097 24,013,937 Directors’ and syndics’ fees payable 17,494,014 2,136,436 Retirement pension payment orders pending settlement 1,588,373 3,503,012 Dividends payable (see Note 42) 80,142 Other 26,172,439 10,895,895 Total 214,185,225 133,311,398 |
Employee Benefits Payable (Tabl
Employee Benefits Payable (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Employee Benefits Payable | The table below presents the amounts of employee benefits payable as of December 31, 2023 and 2022: Short-term employee benefits 12/31/2023 12/31/2022 Vacation accrual 35,476,514 14,619,069 Salaries, bonuses and payroll taxes payables 17,415,023 19,538,415 Total short-term employee benefits 52,891,537 34,157,484 |
Analysis of Financial Assets _2
Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled | The following tables show the analysis of financial assets and liabilities the Bank expects to recover and settle as of December 31, 2023 and 2022: 12/31/2023 Without due Up to 1 Over 1 Over 3 Over 6 Total up to 12 months Over 12 Over 24 Total over 12 Assets Cash and deposits in banks 1,203,105,095 Debt securities at fair value through profit or loss 1,285,901 242,735,856 620,520,421 834,601,516 1,699,143,694 18,788,976 34,181,167 52,970,143 Derivative financial instruments 7,937,962 3,386,733 1,818,575 13,143,270 Repo transactions 615,582,382 615,582,382 Other financial assets 52,718,261 90,451,422 15,418 2,972,126 93,438,966 34,511 55,189,651 55,224,162 Loans and other financing (1) 7,844,494 914,817,926 220,082,349 172,923,162 157,171,020 1,464,994,457 133,783,385 227,035,517 360,818,902 Other debt securities 43,700,875 272,972 44,010,662 56,847,898 144,832,407 252,716,743 33,385,348 286,102,091 Financial assets delivered as guarantee 102,444,359 30,446,725 30,446,725 Equity instruments at fair value through profit or loss 3,213,841 Total assets 1,369,326,050 1,704,223,193 466,493,328 842,244,946 1,048,620,434 4,061,581,901 405,323,615 349,791,683 755,115,298 Liabilities Deposits 1,678,922,497 1,468,496,724 138,012,172 44,635,643 39,978,607 1,691,123,146 190,666 4,301 194,967 Liabilities at fair value through profit or loss 13,825,475 13,825,475 Derivative financial instruments 772,082 1,043,884 130,385 891,528 2,837,879 Repo transactions 23,601,328 23,601,328 Other financial liabilities 362,562,577 1,082,105 1,033,831 1,798,591 366,477,104 2,688,938 5,325,901 8,014,839 Financing received from the BCRA and other financial institutions 9,204,268 3,610,758 444,049 13,259,075 6,389,125 150,811 6,539,936 Issued corporate bonds 346 2,164 12,827,488 40,567,916 53,397,914 5,466,099 5,466,099 Subordinated corporate bonds 5,723,805 5,723,805 322,503,988 322,503,988 Total liabilities 1,678,922,497 1,878,462,800 143,751,083 64,795,201 83,236,642 2,170,245,726 14,734,828 327,985,001 342,719,829 (1) The amounts included in “without due date” are related to the non-performing portfolio. 12/31/2022 Without Up to 1 Over 1 Over 3 Over 6 Total up to 12 months Over 12 Over 24 Total over 12 Assets Cash and deposits in banks 778,796,544 Debt securities at fair value through profit or loss 11,232,300 71,687,309 254,790,463 256,063,185 593,773,257 40,646,054 22,819,334 63,465,388 Derivative financial instruments 26,426 48,053 59,112 133,591 Repo transactions 192,852,624 192,852,624 Other financial assets 35,657,343 106,040,645 43,227 2,087,941 108,171,813 36,614,518 36,614,518 Loans and other financing (1) 4,535,349 819,989,852 154,227,780 175,343,251 186,873,018 1,336,433,901 183,431,453 339,688,141 523,119,594 Other debt securities 1,633,096,866 321,378,829 14,872,513 165,761,262 2,135,109,470 42,552,534 117,947,426 160,499,960 Financial assets delivered as guarantee 95,353,885 Equity instruments at fair value through profit or loss 2,614,136 Total assets 916,957,257 2,763,238,713 547,385,198 447,153,280 608,697,465 4,366,474,656 266,630,041 517,069,419 783,699,460 (1) The amounts included in “without due date” are related to the non-performing portfolio. 12/31/2022 Without due Up to 1 Over 1 Over 3 Over 6 Total up to 12 months Over 12 Over 24 Total over 12 Liabilities Deposits 1,993,987,527 1,661,474,368 324,005,727 49,846,154 4,581,098 2,039,907,347 19,603 44,789 64,392 Liabilities at fair value through profit or loss 1,638,088 1,638,088 Derivative financial instruments 5,340 2,042 7,382 Other financial liabilities 406,776,711 1,124,905 956,320 1,971,058 410,828,994 2,748,148 7,107,542 9,855,690 Financing received from the BCRA and other financial institutions 908,378 1,592,445 4,993,630 132,983 7,627,436 Issued corporate bonds 20,203 20,203 8,436,248 8,436,248 Subordinated corporate bonds 4,422,672 4,422,672 220,195,153 220,195,153 Total liabilities 1,993,987,527 2,070,802,885 326,745,322 60,218,776 6,685,139 2,464,452,122 11,203,999 227,347,484 238,551,483 |
Foreign Currency Amounts (Table
Foreign Currency Amounts (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Schedule of Foreign Currency Amount | The following tables show the amounts of assets and liabilities in foreign currency as of December 31, 2023 and 2022: Item 12/31/2023 12/31/2022 Total parent Total per currency Total US dollar Euro Real Other Assets Cash and deposits in banks 1,120,369,209 1,099,343,794 17,612,492 196,007 3,216,916 655,929,629 Debt securities at fair value through profit or loss (1) 1,737,382,765 1,737,382,765 554,106,640 Other financial assets 79,181,568 79,078,052 103,516 48,810,967 Loans and other financing 179,981,350 177,098,581 400,983 2,481,786 111,920,508 From the non-financial private sector and foreign residents 179,981,350 177,098,581 400,983 2,481,786 111,920,508 Other debt securities 88,646,176 88,646,176 167,645,854 Financial assets delivered as guarantee 55,763,750 55,710,171 53,579 15,252,397 Equity Instruments at fair value through profit or loss 344,008 344,008 496,382 Total assets 3,261,668,826 3,237,603,547 18,170,570 196,007 5,698,702 1,554,162,377 Liabilities Deposits 1,023,465,739 1,010,835,069 12,630,670 532,572,442 Non-financial government sector 34,333,538 34,333,538 19,192,347 Financial sector 7,106,029 7,106,029 4,357,526 Non-financial private sector and foreign residents 982,026,172 969,395,502 12,630,670 509,022,569 Liabilities at fair value through profit or loss 13,817,710 13,817,710 1,638,088 Other financial liabilities 86,372,190 83,458,593 2,809,881 103,716 50,132,392 Financing from Central Bank of Argentina and other financial institutions 15,373,617 12,497,214 394,617 2,481,786 7,466,423 Issued corporate bonds 53,851,071 53,851,071 8,456,451 Subordinated corporate bonds 328,227,793 328,227,793 224,617,825 Other non-financial liabilities 4,526,525 4,526,132 393 168,362 Total liabilities 1,525,634,645 1,507,213,582 15,835,561 2,585,502 825,051,983 (1) Mainly including Argentine government discount bonds in dual currency for 1,488,174,537 and Argentine government Treasury bonds tied to the US dollar for 190,164,590. |
Income Tax (Tables)
Income Tax (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Deferred Tax Assets and Deferred Tax Liabilities | Composition 12/31/2023 12/31/2022 Deferred tax assets Loans and other financin g and debt securitie s 25,984,554 11,732,977 Provisions and employee benefits 5,682,945 4,819,092 Allowances for contingencies 1,710,376 2,790,085 Leases 1,816,255 1,038,052 Investments in other companies 622,731 194,596 Other 5,259,223 2,278,370 Total deferred tax assets 41,076,084 22,853,172 Composition (contd.) 12/31/2023 12/31/2022 Deferred tax liabilities Property, plant and equipment and other non-financial assets 41,254,233 34,560,134 Intangible assets 22,936,686 18,880,518 Tax effects on forward sales 15,669,095 9,632,038 Other 5,636,416 454,475 Total deferred tax liabilities 85,496,430 63,527,165 Net deferred tax liabilities 44,420,346 40,673,993 |
Schedule of Changes in Net Deferred Tax Liabilities | Composition 12/31/2023 12/31/2022 Net deferred tax liabilities at beginning of the fiscal year 40,673,993 37,605,799 Net deferred tax assets from Banco BMA SAU and its subsidiaries at the acquisition date (145,235 ) Loss for deferred taxes recognized in the statement of income 3,891,588 3,068,194 Net deferred tax liabilities at fiscal year end 44,420,346 40,673,993 |
Schedule of Income Tax Expense in the Consolidated Financial Statements | The main items of income tax expense in the consolidated Financial Statements are as follows: Composition 12/31/2023 12/31/2022 12/31/2021 Current income tax expense 278,429,479 54,136,973 37,206,104 Loss for deferred taxes 3,891,588 3,068,196 (30,011,625 ) Income tax loss recorded in the statement of income 282,321,067 57,205,169 7,194,479 Income tax loss / (profit) recorded in other comprehensive income 16,761,914 (7,621,167 ) 7,335,665 Total 299,082,981 49,584,002 14,530,144 |
Summary of Reconciliation between Income Tax and the Amounts Obtained By Applying the Current Tax Rate in Argentina to the Income Carrying Amount | The table below shows the reconciliation between income tax and the amounts obtained by applying the current tax rate in Argentina to the income carrying amount: Composition 12/31/2023 12/31/2022 12/31/2021 Income carrying amount before income tax 869,996,208 184,177,495 145,943,999 Applicable income tax rate 35 % 35 % 35 % Income tax on income carrying amount 304,498,673 64,462,123 51,080,400 Net permanent differences and other tax effects including the fiscal inflation adjustment (22,177,606 ) (7,256,954 ) (43,885,921 ) Total income tax 282,321,067 57,205,169 7,194,479 |
Interest Income (Tables)
Interest Income (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of interest income | Composition 12/31/2023 12/31/2022 12/31/2021 Interest income For cash and bank deposits 6,847,489 1,246,001 79,938 For government securities 973,049,563 650,715,333 45,700,830 For debt securities 1,385,091 601,017 1,837,236 For loans and other financing Non-financial public sector 19,130,718 4,714,572 11,013,573 Financial public sector 3,281,932 1,668,874 4,100,579 Non-financial private sector Overdrafts 174,729,584 79,096,190 48,966,016 Documents 156,844,618 79,667,890 56,858,979 Mortgage loans 145,806,768 117,138,656 92,705,372 Pledge loans 9,907,765 9,268,468 6,450,988 Personal loans 244,302,502 278,318,665 292,010,854 Credit cards 199,061,254 126,764,513 89,353,520 Financial leases 3,444,764 1,073,358 511,104 Other 177,790,503 83,860,409 93,992,554 For repo transactions BCRA 196,203,904 39,348,987 51,460,032 Other financial institutions 714,542 2,020,986 319,551 Subtotal Interest and adjustment for the application of the effective interest rate of financial assets measured at amortized cost 2,312,500,997 1,475,503,919 795,361,126 Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through OCI From debt government securities 133,831,752 431,760,073 572,112,409 Subtotal Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through OCI 133,831,752 431,760,073 572,112,409 Total 2,446,332,749 1,907,263,992 1,367,473,535 |
Interest Expense (Tables)
Interest Expense (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Interest Expense | Composition 12/31/2023 12/31/2022 12/31/2021 Interest expense For deposits Non-financial private sector Checking accounts 111,189,841 48,198,997 7,984,396 Saving accounts 18,119,619 11,858,081 7,502,306 Time deposits and investments accounts 1,453,034,330 873,804,922 529,310,249 Other 14 For Financing received from BCRA and other financial institutions 2,048,973 1,575,216 948,439 For repo transactions Other financial institutions 13,873,646 3,038,227 1,786,840 For other financial liabilities 7,199,999 2,650,408 146,700 For issued corporate bonds 1,652,176 920,032 5,229,373 For subordinated corporate bonds 14,180,562 14,412,425 19,684,477 Total 1,621,299,160 956,458,308 572,592,780 |
Commissions Income (Tables)
Commissions Income (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Commissions Income | Composition 12/31/2023 12/31/2022 12/31/2021 Performance obligations satisfied at a point in time Commissions related to obligations 137,669,112 132,936,263 123,560,201 Commissions related to credit cards 79,093,028 77,162,568 73,481,681 Commissions related to insurance 12,210,984 13,160,484 13,860,073 Commissions related to securities value 8,041,734 3,934,683 4,600,113 Commissions related to trading and foreign exchange transactions 5,092,503 4,755,361 5,299,559 Commissions related to loans and other financing 1,435,003 1,346,940 1,005,160 Commissions related to financial guarantees granted 548,626 32,339 35,895 Performance obligations satisfied over certain time period Commissions related to credit cards 1,040,818 1,269,694 2,230,900 Commissions related to trading and foreign exchange transactions 502,875 183,793 235,725 Commissions related to loans and other financing 74,150 22,379 29,200 Commissions related to obligations 3,716 4,893 6,624 Commissions related to financial guarantees granted 574 Total 245,712,549 234,809,397 224,345,705 |
Commissions Expense (Tables)
Commissions Expense (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Commissions Expense | Composition 12/31/2023 12/31/2022 12/31/2021 Commissions related to trading with debt securities 407,669 207,584 11,653 Commissions related to trading and foreign exchange transactions 1,517,973 777,815 928,233 Other Commissions paid ATM exchange 15,310,094 15,491,782 14,361,007 Checkbooks commissions and clearing houses 4,871,269 4,314,843 3,835,404 Credit cards and foreign trade commissions 2,836,877 2,294,475 2,282,487 Total 24,943,882 23,086,499 21,418,784 |
Net Gain from Measurement of _2
Net Gain from Measurement of Financial Instruments at Fair Value Through Profit or Loss (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Net Income from measurement of financial instruments at fair value through profit or loss | Composition 12/31/2023 12/31/2022 12/31/2021 For measurement of financial assets at fair value through profit or loss Gain from government securities 865,879,163 57,126,332 102,604,333 Gain from private securities 69,409,820 61,459,868 7,539,266 Gain / (loss) from derivative financial instruments Forward transactions 18,037,949 2,344,673 Put options (6,343,607 ) Gain / (loss) from other financial assets 1,196,753 (82,161 ) (87,773 ) Gain / (Loss) from sales or decreases of financial assets at fair value(1) 3,487,653 21,021,354 (6,299,617 ) Gain / (loss) from equity instruments at fair value through profit or loss 24,116,731 (1,241,872 ) 4,336,450 Composition (contd.) 12/31/2023 12/31/2022 12/31/2021 For measurement of financial liabilities at fair value through profit or loss Loss from derivative financial instruments Forwards transactions (568,173 ) Options (7,812,798 ) Total 974,315,271 140,628,194 101,180,879 (1) Net amount of reclassifications to profit of instruments classified at fair value through other comprehensive income that were derecognized or charged during the fiscal year. |
Differences in Quoted Prices _2
Differences in Quoted Prices of Gold and Foreign Currency (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Difference in Quoted Prices of Gold and Foreign Currency | Composition 12/31/2023 12/31/2022 12/31/2021 Translation of foreign currency assets and liabilities into pesos 795,283,241 190,210,057 24,863,783 Income from foreign currency exchange 2,934,750 3,714,641 3,329,122 Total 798,217,991 193,924,698 28,192,905 |
Other Operating Income (Tables)
Other Operating Income (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Other Operating Income | Composition 12/31/2023 12/31/2022 12/31/2021 Services 39,485,063 30,073,157 26,142,728 Adjustments and interest from other receivables 10,609,488 7,409,095 6,786,797 Adjustments from other receivables with CER clauses 7,790,354 5,229,772 2,120,949 Other receivables from financial intermediation 5,230,985 2,951,962 5,710,325 Sale of investment properties and other non-financial assets 237,032 Other 9,771,579 20,284,237 6,522,108 Total 72,887,469 65,948,223 47,519,939 |
Employee Benefits (Tables)
Employee Benefits (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Employee Benefits Payable | Composition 12/31/2023 12/31/2022 12/31/2021 Remunerations 188,854,414 166,849,835 169,979,792 Payroll taxes 47,630,616 41,170,900 39,220,338 Compensations and bonuses to employees 33,353,002 25,271,715 23,703,343 Employee services 8,671,106 8,479,122 6,589,954 Total 278,509,138 241,771,572 239,493,427 |
Administrative Expenses (Tables
Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Administrative Expense | Composition 12/31/2023 12/31/2022 12/31/2021 Taxes 26,941,364 19,979,498 17,764,631 Fees to directors and syndics 26,925,241 6,150,654 4,740,930 Maintenance, conservation and repair expenses 21,441,643 19,420,752 20,123,079 Other fees 16,572,872 11,766,928 10,331,148 Armored truck, documentation and events 15,437,848 16,422,544 17,596,127 Security services 11,899,472 11,715,106 12,370,028 Electricity and communications 10,395,529 10,789,374 12,329,521 Software 9,523,176 7,761,645 9,666,081 Advertising and publicity 9,292,109 7,395,622 5,293,379 Hired administrative services 3,025,778 830,539 756,692 Representation, travel and transportation expenses 2,829,322 2,127,956 1,463,854 Insurance 1,177,393 1,285,097 1,647,887 Stationery and office supplies 1,069,576 846,370 764,777 Leases 470,912 540,357 707,770 Other 7,223,754 4,901,315 6,321,808 Total 164,225,989 121,933,757 121,877,712 |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Other Operating Expense | Composition 12/31/2023 12/31/2022 12/31/2021 Turnover tax 190,149,358 128,711,123 109,594,057 From credit cards 61,395,366 53,529,578 46,642,668 Other adjustments and interests for miscellaneous obligations 9,470,756 3,754,386 1,570,677 Charges for other provisions 8,790,103 7,625,876 9,886,274 Deposit guarantee fund contributions 5,707,873 5,957,321 6,318,981 Insurance claims 2,570,038 1,357,839 543,355 Loss from sale or impairment of investment in properties and other non-financial assets 1,381,674 1,688,836 436,439 Donations 1,262,484 1,308,743 179,039 Taxes 362,433 2,624,857 2,868,750 From administrative, disciplinary and criminal penalties 252,534 Other 40,180,695 27,181,079 29,432,630 Total 321,270,780 233,739,638 207,725,404 |
Additional Disclosures in the_2
Additional Disclosures in the Statement Of Cash Flows (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Reconciliation of Cash and Cash Equivalents | The table below presents the reconciliation between the item “Cash and cash equivalents” in the Statement of Cash Flows and the relevant accounting items of the Statement of financial position: Description 12/31/2023 12/31/2022 12/31/2021 Cash and deposits in banks 1,203,105,095 778,796,544 1,045,370,900 Debt securities at fair value through profit or loss 133,754,676 29,481 Other debt securities 43,575,623 1,553,777,415 831,532,788 Loans and other financing 4,042,417 2,757,956 3,116,407 Total 1,384,477,811 2,335,331,915 1,880,049,576 |
Summary of Additional Information on Operational Cash Flows Interest | The following table shows additional information on operational cash flows interest: Composition 12/31/2023 12/31/2022 12/31/2021 Interest paid (1,566,575,130 ) (732,306,511 ) (749,957,529 ) Interest collected 2,297,432,458 1,825,117,787 1,310,191,918 Total 730,857,328 1,092,811,276 560,234,389 |
Summary of Additional Information of Changes in Liabilities Arising from Financing Activities | The following table shows further information of changes in liabilities arising from financing activities for the year ended December 31, 2023 (lease liabilities changes are disclosed in Note 22): Composition Financing Issued Subordinated Opening balance 7,627,436 8,456,451 224,617,825 Cash flow items Proceeds 29,477,155 Payments (7,598,036 ) (4,877,812 ) (12,943,001 ) Non-cash flow items Movement in accrued interest 2,048,973 1,652,176 14,180,562 Derecognition or substantial modification of financial liabilities 15,117,373 1,521,405 (507,813 ) Difference in quoted prices of foreign currency 11,453,826 38,301,446 332,838,147 Monetary effects (8,850,561 ) (15,666,808 ) (229,957,927 ) Ending balance 19,799,011 58,864,013 328,227,793 |
Capital Stock (Tables)
Capital Stock (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Bank's Subscribed and Paid-in Capital | The Bank’s subscribed and paid-in capital from January 1, 2021 to December 31, 2023, amounted to 639,413. The capital stock composition is as follows: Shares Capital stock Class Stock number Votes per share Issued outstanding In treasury Paid in As of December 31, 2023, 2022 and 2021 Registered Class A shares of common stock 11,235,670 5 11,236 11,236 Registered Class B shares of common stock 628,177,738 1 628,177 628,177 Total 2023, 2022 and 2021 639,413,408 639,413 639,413 |
Earnings Per Share Dividends (T
Earnings Per Share Dividends (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Text block [abstract] | |
Summary of Net Earnings Per Share | The following table reflects the income and shares data used in the basic earnings per share: Items 12/31/2023 12/31/2022 12/31/2021 Net profit attributable to parent’s shareholders 587,324,400 126,950,267 138,744,986 Plus: Potential dilutive effect inherent to common shares (1) Net profit attributable to parent’s shareholders adjusted for dilution 587,324,400 126,950,267 138,744,986 Weighted average of outstanding common shares of the fiscal year 639,413 639,413 639,413 Plus: Weighted average of additional common shares with dilutive effects Weighted average of outstanding common shares of the fiscal year adjusted for dilution 639,413 639,413 639,413 Basic earnings per share (in pesos) 918.5368 198.5419 216.9881 (1) The Bank does not have any financial instrument that should be considered as diluted. Therefore, basic and dilutive earning per share is the same amount. |
Deposit Gurantee Insurance (Tab
Deposit Gurantee Insurance (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Disclosure Of Entity Interest In Captial Stock [Abstract] | |
Summary of Entity's Interest in the Capital Stock | Entity’s interest in the capital stock of Sedesa according to the percentages disclosed by BCRA Communiqué “B” 12755 on March 4, 2024 is as follows: Banco Macro SA 7.6285 % Banco BMA SAU 1.6414 % |
Restricted Assets (Tables)
Restricted Assets (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Restricted Assets | As of December 31, 2023 and 2022, the following Bank’s assets are restricted: Composition 12/31/2023 12/31/2022 Cash and deposits in banks • Fondo de Riesgo Fintech SGR – Deposits in other entities (1). 1,051 181 Subtotal cash and deposits in banks 1,051 181 Composition (contd.) 12/31/2023 12/31/2022 Debt securities at fair value through profit or loss and Other debt securities • Fondo de Riesgo Fintech SGR – Debt securities at fair value through profit or loss and other debt securities (1). 13,198,194 14,764,011 • Argentine government discount bonds in dual currency - Maturity: 02/28/2024 as of December 31, 2023 and Argentine government Treasury bonds in pesos adjusted by CER 1.40% - Maturity 03/27/2023, as of December 31, 2022, for the contribution to the Guarantee Fund II in BYMA according to section 45, Law 26831 and supplementary regulations established by CNV standards (NT 2013, as amended). 1,270,908 46,372 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. Auction No. 2. 948,601 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033 for the minimum statutory guarantee account required for Agents to act in the new categories contemplated under Resolution No. 622/2013, as amended, of the Argentine Securities Commission (CNV). 273,824 289,160 • Argentine government Treasury bonds in pesos adjusted by CER 2% – Maturity: 11/09/2023, to guarantee the Credit Program for Production Reactivation of the Province of San Juan. 236,952 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033, as of December 31, 2023 and Argentine government Treasury bonds in pesos adjusted by CER 1.40% - Maturity 03/27/2023 as of December 31, 2022, to guarantee the sectoral Credit Program of the Province of San Juan, production investment financing fund. 142,642 259,462 • Discount bonds in pesos regulated by Argentine legislation, maturing in 2033, as of December 31, 2023 and Argentine government Treasury bonds in pesos adjusted by CER 1.40% - Maturity 03/27/2023 as of December 31, 2022, to guarantee the Regional Economies Competitiveness Program – IDB loan No. 3174/OC-AR. 15,046 104,888 • Argentine government Treasury bills in pesos adjusted by CER – Maturity: 02/17/2023. 463,748 • Other. 400,448 Subtotal Debt securities at fair value through profit or loss and Other debt securities 16,486,615 15,927,641 Other financial assets • Interests derived from contributions made as protector partner (2). 8,171,284 7,516,007 • Fondo de Riesgo Fintech SGR – Mutual fund shares (1). 1,768,691 375,252 • Financial instruments for minimum statutory guarantee account required for Agents to act in the new categories contemplated under Resolution No. 622/2013, as amended, of the CNV. 338,679 452,946 • Sundry debtors – other. 285,858 27,363 • Sundry debtors – attachment within the scope of the claim filed by the DGR against the CABA for turnover tax differences. 827 2,575 Subtotal Other financial assets 10,565,339 8,374,143 Loans and other financing • Fondo de Riesgo Fintech SGR – Loans and other financing (1). 190,204 15,882 Subtotal Loans and other financing 190,204 15,882 Composition (contd.) 12/31/2023 12/31/2022 Financial assets delivered as a guarantee • Special guarantee checking accounts opened in the BCRA for transactions related to the electronic clearing houses and similar entities. 68,117,546 77,305,537 • For securities forward contracts. 30,446,725 • Guarantee deposits related to credit and debit card transactions. 8,498,400 12,591,964 • Other guarantee deposits. 25,828,413 5,456,384 Subtotal Financial assets delivered as guarantee 132,891,084 95,353,885 Other non-financial assets • Real property related to a call option sold. 7,440,213 7,648,643 • Fondo de Riesgo Fintech SGR – Other non-financial assets (1). 11,027 40,352 Subtotal Other non-financial assets 7,451,240 7,688,995 Total 167,585,533 127,360,727 (1) According to Law 24467, as amended, and Fintech SGR By-Law, this entity has a risk fund (“Fondo de Riesgo”) which its main objective is to cover the guarantees granted to the protector partners and third parties. The assets of the risk fund could only be applied to partners’ withdrawals, to cover guarantees and other direct expenses. (2) As of December 31, 2023 it is related to the risk fund Fintech SGR, Alianza SGR and Innova SGR. As of December 31, 2022 it is related to the risk fund Fintech SGR and Garantizar SGR. In order to keep tax benefits related to these contributions, they must be maintained between two and three years from the date they were made. |
Mutual Funds Depositary Funct_2
Mutual Funds Depositary Function (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Shares Held in Mutual Funds Subscribed by Third Parties and Assets from Mutual Funds | 46.1 As of December 31, 2023 Banco Macro SA, in its capacity as depositary company, holds in custody the shares in mutual funds subscribed by third parties and assets from the following mutual funds: Funds Number of shares Equity Argenfunds Abierto Pymes 3,395,118,210 36,292,401 Argenfunds Ahorro Pesos 219,019,594 12,869,141 Argenfunds Gestión Pesos 100,000 100 Argenfunds Infraestructura 53,634 186 Argenfunds Inversión Dólares 1,000 808 Argenfunds Inversión Pesos 1,257,894,708 3,070,031 Argenfunds Liquidez 8,185,225,762 62,665,262 Argenfunds Renta Argentina 276,239,550 16,986,764 Argenfunds Renta Balanceada 576,696,850 22,620,396 Argenfunds Renta Capital 17,395,743 14,401,148 Argenfunds Renta Crecimiento 3,561,871 2,829,405 Argenfunds Renta Dinámica 87,902,584,421 16,207,766 Argenfunds Renta Fija 562,316,270 56,361,740 Argenfunds Renta Flexible 46,040,329 758,656 Argenfunds Renta Global 320,257,696 6,959,975 Argenfunds Renta Mixta 230,289,873 2,556,714 Argenfunds Renta Mixta Plus 1,352,780 985,752 Argenfunds Renta Pesos 96,499,608 7,014,721 Argenfunds Renta Total 548,961,979 2,400,303 Argenfunds Renta Variable 464,860,603 135,231 Argenfunds Retorno Absoluto 183,704,189 2,234,105 Pionero Acciones 27,311,674 15,077,147 Pionero Ahorro Dólares 18,783,148 14,784,099 Pionero Argentina Bicentenario 424,876,097 10,334,738 Pionero Capital 13,010 103 Pionero Crecimiento 3,263,377,175 13,407,144 Pionero Desarrollo 6,946,940,217 30,817,687 Pionero Empresas FCI Abierto Pymes 380,820,096 11,768,957 Pionero FF 58,593,299 5,008,037 Pionero Gestión 2,151,203,219 27,550,902 Pionero Infraestructura 3,578,769,248 10,156,263 Pionero Pesos 1,624,969,051 67,068,175 Pionero Pesos Plus 26,250,833,465 650,275,506 Pionero Recovery 100,000 100 Pionero Renta 53,983,122 31,550,753 Pionero Renta Ahorro 215,602,532 22,807,841 Pionero Renta Ahorro Plus 1,839,539,908 52,100,083 Pionero Renta Balanceado 12,720,486,020 62,534,628 Pionero Renta Estratégico 720,930,495 19,291,981 Pionero Renta Fija Dólares 4,758,144 3,476,567 Pionero Renta Mixta I 161,169,380 8,350,541 Pionero Retorno 2,172,232,683 10,434,490 46.2 As of December 31, 2023 Banco BMA SAU, in its capacity as depositary company, holds in custody the shares in mutual funds subscribed by third parties and assets from the following mutual funds: Funds Number of shares Equity Goal Acciones Argentinas 17,875 2,175,816 Goal Renta Crecimiento 33,615,635 22,825,724 Goal Acciones Plus 5,318,532 553,163 Goal Capital Plus 60,324,684 1,285,791 Goal Ahorro Max 159,716,379 7,194,264 Goal Multiestrategia 110,000 145 Goal Multiestrategia Plus 110,000 145 Goal Perfomance 65,332,675 4,551,112 Goal Perfomance II 247,952 6,343 Goal Perfomance III 469,324,626 15,609,164 Goal Pesos 2,950,257,655 288,310,870 Goal Premium 4,157,507 8,975 Goal Renta Dólares 6,268,286 5,798,773 Goal Renta Dólares Estrategia 4,984,690 4,472,663 Goal Renta Dólares Plus 1,380,938 1,054,945 Goal Renta Global 324,102,023 32,509,640 Goal Retorno Total 16,131,946 641,377 Goal Renta Pesos 17,360,304 1,218,521 |
Accounting Items that Identif_2
Accounting Items that Identify the Compliance with Minimum Cash Requirements (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Minimum Cash Requirement Constitute by Bank | The items recognized by the Bank to constitute the minimum cash requirement effective for December 2023 are listed below, indicating the amounts as of month-end of the related items: Items Banco Macro SA Banco BMA SAU Cash and deposits in banks Amounts in BCRA accounts 339,996,978 175,949,238 Other debt securities Government securities computable for the minimum cash requirements 114,801,555 43,123,027 Financial assets delivered as guarantee Special guarantee accounts with the BCRA 57,193,494 9,167,035 Total 511,992,027 228,239,300 |
Corporate Bonds Issuance (Table
Corporate Bonds Issuance (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Corporate Bond Liabilities | The corporate bonds liabilities recorded by the Bank are as follows: Corporate Bonds Original value Residual face value as of 12/31/2023 12/31/2022 Subordinated Resettable – Class A USD 400,000,000 (1 ) USD 400,000,000 328,227,793 224,617,825 Non-subordinated – Class E USD 17,000,000 (2 ) USD 17,000,000 12,455,209 8,456,451 Non-subordinated – Class F USD 53,000,000 (3 ) USD 53,000,000 41,420,786 Total 382,103,788 233,074,276 |
Summary of the Corporate Liabilities by Banco BMA SAU | The corporate bonds liabilities recorded by Banco BMA SAU are as follows: Corporate Bonds Original value Residual face 12/31/2023 12/31/2023 Non-subordinated –Series XXXII 1,000,000,000 1,000,000,000 4,988,018 Total 4,988,018 |
Off Balance Sheet Transactions
Off Balance Sheet Transactions (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Schedule of Different Off Balance Sheet Transactions | In addition to Note 4, the Bank maintains different off balance sheet transactions, pursuant to the BCRA standards. The composition of the amounts of the main off balance sheet transactions as of December 31, 2023 and 2022, is as follows: Composition 12/31/2023 12/31/2022 Custody of government and private securities and other assets held by third parties 3,487,291,513 2,257,608,251 Preferred and other collaterals received from customers (1) 804,907,126 583,896,569 Securities received guarantee repurchase transactions (see Note 7) 679,456,540 212,163,266 Checks already deposited and pending clearance 109,014,652 52,405,298 Outstanding checks not yet paid 79,104,701 62,104,463 Written-off credits 29,954,761 20,246,250 (1) Related |
Capital Management, Corporate_2
Capital Management, Corporate Governance Transparency Policy and Risk Management (Tables) | 12 Months Ended |
Dec. 31, 2023 | |
Statement [LineItems] | |
Summary of Banks's Shareholders | As of December 31, 2023, the Bank’s shareholders are: Full name / corporate name Participating Voting Interest Fideicomiso de Garantía JHB BMA (1) 17.28 19.65 Carballo Delfín Jorge Ezequiel 19.26 20.86 ANSES FGS Law No. 26425 28.80 26.91 Grouped shareholders (Local stock exchanges) 11.43 10.87 Grouped shareholders (Foreign stock exchanges) 23.23 21.71 (1) As of the date of issuance of these consolidated Financial Statements and due to the passing of Mr. Jorge Horacio Brito on November 20, 2020 and as a testamentary disposition, his shares were transferred to Fideicomiso de Garantía JHB BMA, which beneficiaries are his forced heirs. |
Summary of Minimum Capital Requirements Measured on Consolidated Basis | The table below shows the minimum capital requirements measured on a consolidated basis, effective for the monthly position of December 2023, together with the integration thereof (computable equity) as of the end of such month: Item 12/31/2023 Minimum capital requirements (*) 403,496,688 Computable equity 1,752,831,979 Capital surplus 1,349,335,291 (*) Regarding the maximum limits established by the BCRA for “Financing to the non-financial public sector” measured on a quarterly consolidated basis, in the last quarter of 2023 the Entity observed an excess of 95,724,622. This excess was transferred as an increase in requirement by minimum capital credit risk, without generated a non-compliance of such prudential regulation. |
Summary of Allowance for Credit Losses | The following chart shows the composition of loan loss allowances according to the type of financial instrument as of December 31, 2023, and 2022: Composition 12/31/2023 12/31/2022 Loans and other financing 53,648,800 34,262,639 Loans commitment 2,176,655 2,403,512 Other debt securities at amortized cost 870,824 1,043,200 Other financial assets 595,276 283,507 Other debt securities at fair value through OCI 55,826 90,939 Financial assets delivered as a guarantee 1,174 Total 57,348,555 38,083,797 |
Summary of Key Economic Variables or Assumptions | The following table shows the estimated values for macroeconomic variables used in the models for each scenario (base case, alternative 1 and alternative 2), with the assigned probability of occurrence to each scenario: Key Drivers ECL Scenario Assigned 2024 2025 2026 % % % % GDP growth % Base case 60 (2.03 ) 8.46 1.46 Alternative 1 30 (3.55 ) 6.96 1.04 Alternative 2 10 (4.51 ) 5.04 1.55 Interest rates % Base case 60 106.52 71.00 46.50 Alternative 1 30 129.99 96.50 67.50 Alternative 2 10 140.42 133.19 118.50 CPI % Base case 60 298.10 96.98 55.61 Alternative 1 30 386.28 147.79 90.10 Alternative 2 10 427.33 257.21 150.31 |
Summary of Aging Analysis of Performing Loans in Arrears | The following table discloses the risk levels score and rating arising from the Bank’s models: Category 12/31/2023 12/31/2022 Weighted PD % Gross Weighted % Gross Performing 1.13 % 96.32 % 1.54 % 97.32 % High grade 0.66 % 88.70 % 0.93 % 89.01 % Standard grade 4.06 % 4.53 % 5.00 % 4.43 % Sub-standard grade 10.39 % 3.09 % 11.58 % 3.88 % Past due but not impaired 46.56 % 2.62 % 29.73 % 1.86 % Impaired 100.00 % 1.06 % 100.00 % 0.82 % Total 100.00 100.00 Exposure at default (EAD) The EAD represents the exposure of a financial instrument on the date of the analysis, i.e. the level to which the Bank is exposed to credit risk in the event of a potential default by the counterparty. To calculate the EAD, segmentation is performed at product level, according to the following differentiation: • Products with no exposure certainty: in the case of revolving products (credit cards and saving accounts) in stages 1 and 2, in order to calculate the EAD, it is necessary to estimate a credit conversion factor (CCF). For these transactions, the CCF represents the average percentage of exposure increase that may be observed in a contract from measurement to default. For these products, in stage 3, no additional increase is considered in the exposure. • Products with exposure certainty: in these types of products (generally amortizable loans), future exposure is known because the counterparty cannot increase its exposure beyond what was agreed upon in the contractual schedule. Therefore, the CCF does not apply to these products, and the EAD varies at each moment in time by reflecting the amortization of the loan balance due. Loss given default (LGD) LGD is the estimated loss in the case of default. It is based on the difference between all contractual cash flows and the cash flows expected by the lender (i.e., all cash shortfalls), considering the proceeds from the realization of collateral. It is the supplement to the unit of the recovery rate; that is, the proportion not collected by the Bank with respect to the EAD. Consequently, the amount at default is compared with the present value of the amounts recovered after the date of default. LGD varies based on the type of counterparty, aging, type of claim and the existence of guarantees securing credits. It is expressed as a percentage of the loss for EAD. Just as the PDs, to assess the LGD, a distinction is made per customer in individual analyses and per product in the case of customers analyzed collectively. The Bank bases its estimates on the historical information observed regarding the recoveries obtained on customers or default transactions, discounted at the effective interest rate of such agreements and measured upon default. Once the recovery rates are obtained, this behavior is projected through the triangle method to estimate the periods with less maturity. Finally, the weighted average of the loss for each portfolio is determined. The LGDs are also amended by the macroeconomic models applied for the prospective vision. Customers analyzed on an individual basis The Bank’s credit risk impairment assessment model is set to analyze individually all Corporate Portfolio customers, as defined by the BCRA, financial institutions, the public sector and government and private securities. To make such an assessment, some objective data were defined to analyze whether there is a SICR and to determine whether it should be reclassified to stage 2 or to stage 3 when a default is produced or expected, or whether they should remain in stage 1. Those events comprise mainly material delays in the main credit lines granted, the Bank’s legal action for the assistance granted, the petition for insolvency proceedings or bankruptcy, and past due loans with pending principal, among others. All the customers subject to the individual analysis are examined on a monthly basis to define the stage, following different criteria for each one of them: Stage 1: the customers whose individual assessment reflects the following characteristics are deemed included: • The financial instruments did not experience significant risk increases. • The customer’s cash flow analysis shows that it has the ability to meet all its obligations adequately. • It has a liquid financial position, with low level of indebtedness. • Cash flows are not subject to drastic changes in the event of major variations in the behavior of own and sector variables. • It regularly pays its obligations, even when it suffers minor and insignificant delays. This stage also includes: • The customers previously included in stages 2 or 3 who are verified to have improved their credit risk indicators and meet the parameters defined for stage 1, through an individual analysis at the date of the study, as long as they have stayed a minimum period of 90 days in Stage 2. Stage 2: this stage includes the customers that, based on the individual analysis of their payment capacity, have a SICR that is not sufficiently severe to set default as defined for stage 3. Some elements considered upon defining the existence of a significant increase in credit risk are: • Profitability, liquidity and solvency indicators that tend to weaken, or some of the indications of impairment: • There is a significant increase in payables without a consistent rise in revenues. • There is a major decline in operating margins, or existence of operating loss. • There are adverse changes in the context that exert a negative effect on future financial flows. • There is a drastic decline in demand or negative changes in the business plans. • There are significant changes in the value of the guarantees received. • The arrears in payment to the Bank are due to current operating or extraordinary circumstances, and a prompt resolution is expected. This stage also includes: • The customers that, having been included in stage 3, improved their credit risk indicators and are no longer at default, but which status prevents them from being reclassified to stage 1. • Refinanced customers that have paid at least 20% of the capital owed and also fulfill the rest of the indicators to be considered in Stage 2. Stage 3: it includes the customers that, after an individual analysis, experience some of the following situations: • Significant delays in the main credit lines granted, with no agreement with the Bank. • Have been subject to complaints filed the Bank for the recovery of the assistance granted. • Filed for insolvency proceedings or went into bankruptcy • Refinance their payables systematically and have still not settled over 20% of the refinanced principal. • Cash flows analysis shows that it is highly unlikely that the customer may meet all its obligations in the agreed-upon conditions. The Credit Administration and Transactions Department analyzes all the portfolio under this approach, with special emphasis on customers in stages 2 and 3 in the previous month and those showing objective data that could evidence the existence of a SICR. The study is supplemented with the macroeconomic context and other news in relation to the performance of customers. Its staging proposal is submitted to the consideration of Corporate Risk and Credit Recovery Management Departments, which incorporate their own vision of the customer or the activity sector. The final assessment of the stage assigned to each customer is approved by the Credit Risk Management and is used as an input to estimate the ECL of the customers analyzed on an individual basis. ECL calculation for customers included in an individual analysis Stage 1: the estimates of the customers classified in stage 1 arise from the parameters under expected credit loss models, whose characteristics are described in the previous sections on PD, EAD and LGD. Stages 2 and 3: based on the evidence gathered upon the analysis, the Credit Risk Management –considering the level of progress of collection negotiations, as well as the evidence from a potential sale of collateral received or other credit improvements making up the contractual terms– prepares three potential recovery scenarios for each credit transaction of stage 2 and 3 customers, calculating the current value of expected flows for each scenario, which are weighted in view of their probability of occurrence. The expected loss of each transaction is the difference between the book payable of each transaction and the present weighted value of expected cash flows. 52.1.2 Prospective information used in ECL models The calculation of ECL for risk impairment includes and is adjusted prospectively with respect to the portfolio behavior. To such end, the Bank examines the macroeconomics variables which have an impact on PD and LGD and designed 4 models which differ by customer type: Retail, Agro, Pymes and Commercial. The main economic variables that impact on the expected losses used to calculate ECL for each economic scenario are changes in GDP, changes in interest rates, among others. As established in IFRS 9, impact is calculated based on the different behavior scenarios of the variables; to such end, a 36-month estimate on the variables used for the models is requested from a well-known economic consulting firm. This estimate is prepared for three alternative macroeconomic scenarios, to which a likelihood of occurrence is assigned. Finally, the Bank calculates ECL by applying the alternative scenarios on a weighted basis, which are updated at least on a quarterly basis in each calendar quarter. The value of the macroeconomic variables used in calculating the forward-looking adjustment is restricted to econometric model calculations and the estimates of the independent consultant in relation to those variables. However, in line with the “Guidance on credit risk and accounting for expected credit losses” of the Basel Banking Supervision Committee, the Bank applies its own criterion based on experience in order to consider reasonable and sustainable prospective information in due manner (including macroeconomic factors) and, as applicable, to determine the proper level of value corrections. The following table shows the estimated values for macroeconomic variables used in the models for each scenario (base case, alternative 1 and alternative 2), with the assigned probability of occurrence to each scenario: Key Drivers ECL Scenario Assigned 2024 2025 2026 % % % % GDP growth % Base case 60 (2.03 ) 8.46 1.46 Alternative 1 30 (3.55 ) 6.96 1.04 Alternative 2 10 (4.51 ) 5.04 1.55 Interest rates % Base case 60 106.52 71.00 46.50 Alternative 1 30 129.99 96.50 67.50 Alternative 2 10 140.42 133.19 118.50 CPI % Base case 60 298.10 96.98 55.61 Alternative 1 30 386.28 147.79 90.10 Alternative 2 10 427.33 257.21 150.31 52.1.3 Overview of modified and forborne loans From a risk management point of view, once an asset is forborne or modified, the Bank’s special department for distressed assets continues to monitor the exposure until it is completely and ultimately derecognized. The amortized cost of loans modified during 2023 and the associated net modification amounted to 4,469,175 and 558,063, respectively. The Bank does not consider loans using the mandatory extensions and payment facilities provide by BCRA as part of such modified loans. The amortized cost of loans modified during 2022 and the associated net modification amounted to 5,008,400 and 1,343,724, respectively. 52.1.4 Additional Forward-looking allowances based on expert credit judgment Adjustment for uncertainty about conditions of accessing loans to MIPYMES and Federal Government Securities As of December 31, 2022, the Bank decided to record an additional allowance for based on the estimation of the impact that a change in the current scenario from negative real interest rates, in an accelerating inflationary context, would have on the ECL of the Mipymes portfolio, and as a consequence of the Bank’s Management assessment of the macroeconomic environment of Argentina, including the actions performed by the Federal Government to manage its debt instruments and certain uncertainty mainly related to the Bank’s long-term holdings of Federal Government instruments. Adjustment for expectations of increased risk due to the change in economic policy At the date of these consolidated Financial Statements, Management considered that there is uncertainty about the impacts that could arise from the change in the economic policy, the implementation of a macroeconomic imbalances adjustment program and an inflation stabilization plan. In particular, the temporary negative impact on the quality of the consumer credit portfolio, on the behavior of Mipymes and on the expected recovery of companies with credit-impaired, was analyzed. This impact would come from relative price adjustments, the elimination of subsidies on public services, and/or the presence of positive real interest rates, among other measures, until the stability of certain macroeconomic variables and a recovery of activity levels is achieved. As abovementioned, the Bank decided to record an additional allowance for . 52.1.5 Portfolio quality The table below shows the analysis by aging of performing loans in arrears (in days): Portfolio Type 12/31/2023 Delinquent, performing (in days) 0 to 31 From 32 to From 91 to From 181 to Over 360 Commercial loans 100.0 % 0.0 % 0.0 % 0.0 % 0.0 % Commercial loans comparable to consumer 99.8 % 0.2 % 0.0 % 0.0 % 0.0 % Consumer loans 100.0 % 0.0 % 0.0 % 0.0 % 0.0 % Total 99.9 % 0.1 % 0.0 % 0.0 % 0.0 % Portfolio Type 12/31/2022 Delinquent, performing (in days) 0 to 31 From 32 to From 91 to From 181 to Over 360 Commercial loans 98.8 % 1.2 % 0.0 % 0.0 % 0.0 % Commercial loans comparable to consumer 99.9 % 0.1 % 0.0 % 0.0 % 0.0 % Consumer loans 100.0 % 0.0 % 0.0 % 0.0 % 0.0 % Total 99.8 % 0.2 % 0.0 % 0.0 % 0.0 % |
Summary of Risk Concentration by Industry for the Components of the Statement of Financial Position | The following table shows the loans and other financing portfolio under credit risk by industry sector, classified by risk stage and identifying the expected loss calculated under individual or collective basis: 1 2 3 12/31/2023 Collective Individual Collective Individual Loans and other financing 1,371,295,220 406,896,843 64,303,918 24,817,284 19,993,388 1,887,306,653 Non-financial public sector 495,024 4,221,111 451 144 4,716,730 Other financial entities 4,298,968 5,684,295 5,038 9,988,301 Non-financial private sector 1,366,501,228 396,991,437 64,298,429 24,817,284 19,993,244 1,872,601,622 Individuals 615,826,337 31,112,707 26,552,215 3,577 8,891,559 682,386,395 Manufacturing industry 91,426,964 99,014,827 5,693,834 6,908,731 418,257 203,462,613 Agricultural and cattle industry 213,255,400 72,584,852 10,285,791 3,588,047 6,093,281 305,807,371 Services 161,436,165 18,445,575 10,633,902 1,181,039 191,696,681 Commercial activities 192,555,646 78,063,386 7,071,869 2,082,889 2,161,609 281,935,399 Exploration of mines and quarries 26,080,070 29,084,439 456,522 732,588 56,353,619 Financial intermediation 20,373,297 45,100,172 311,487 54,658 65,839,614 Construction activities 24,419,735 20,075,556 2,983,594 420,749 47,899,634 Electricity supply and gas 15,357,487 3,509,923 104,564 12,234,040 3,303 31,209,317 Public administration 5,512,328 198,566 35,242 5,746,136 Water supply and public sanitation 257,799 6,085 959 264,843 1 2 3 12/31/2022 Collective Individual Collective Individual Loans and other financing 1,493,053,099 326,942,915 54,743,452 8,003,761 15,608,256 1,898,351,483 Non-financial public sector 665,202 6,206,929 89 345 6,872,565 Other financial entities 395 2,912,550 2,912,945 Non-financial private sector 1,492,387,502 317,823,436 54,743,363 8,003,761 15,607,911 1,888,565,973 Individuals 856,134,618 9,803,849 37,580,036 8,309,159 911,827,662 Manufacturing Industry 97,108,701 75,593,107 2,326,102 4,139,367 1,256,235 180,423,512 Agricultural and cattle industry 139,725,585 55,690,371 2,491,260 3,864,394 3,950,398 205,722,008 Services 205,155,967 26,634,514 7,854,619 1,093,611 240,738,711 Commercial activities 139,144,991 72,932,533 3,306,987 705,072 216,089,583 Exploration of mines and quarries 6,997,414 22,499,673 65,627 9,910 29,572,624 Financial intermediation 7,724,509 29,670,367 189,820 80,851 37,665,547 Construction activities 30,478,519 24,522,962 573,413 134,875 55,709,769 Electricity supply and gas 1,567,815 476,060 22,719 5,011 2,071,605 Public administration 7,775,336 326,507 62,669 8,164,512 Water supply and public sanitation 574,047 6,273 120 580,440 |
Summary of Collateral and Other Credit Improvements | The following table shows the amounts of guarantees received for the entire portfolio as of December 31, 2023. Class of financial instrument Maximum Fair value of collateral Total Net exposure Associated Pledges deposits Deferred Mortgage property Pledges on Pledges Other Loans and other financing 1,887,306,653 39,345,965 92,391,460 116,918,998 51,558,415 25,779,473 349,958,595 675,952,906 1,211,353,747 53,648,800 Loans commitment 1,645,749,167 13,676,897 2,342,098 7,448 6,940,203 95,370,445 118,337,091 1,527,412,076 2,176,655 Other financial assets 175,585,670 10,617,129 10,617,129 164,968,541 595,276 Other debt securities at fair value through OCI 291,689,362 291,689,362 55,826 Other debt securities at amortized cost 140,115,960 140,115,960 870,824 Financial assets delivered as a guarantee 5,219,037 5,219,037 1,174 Total 4,145,665,849 53,022,862 92,391,460 119,261,096 51,565,863 32,719,676 455,946,169 804,907,126 3,340,758,723 57,348,555 • Guarantees received for the portfolio in Stage 3 The following table shows the amounts of guarantees for the portfolio in Stage 3 as of December 31, 2023. Class of financial instrument Maximum Fair value of collateral Total Net Associated Deferred Mortgage on Pledges on vehicles and Pledges on Other Loans and other financing 19,993,388 555 3,985,105 164,806 557,769 3,216,922 7,925,157 12,068,231 15,513,821 Total 19,993,388 555 3,985,105 164,806 557,769 3,216,922 7,925,157 12,068,231 15,513,821 • Guarantees received for the entire portfolio The following table shows the amounts of guarantees received for the entire portfolio as of December 31, 2022. Class of financial instrument Maximum Fair value of collateral Total Net exposure Associated Pledges Deferred Mortgage real property Pledges on Pledges Other Loans and other financing 1,898,351,483 5,893,066 89,424,023 123,927,242 28,063,859 10,229,714 313,741,673 571,279,577 1,327,071,906 34,262,639 Loans commitment 2,105,872,032 406,807 191,061 20,294 1,172,493 10,826,341 12,616,996 2,093,255,036 2,403,512 Other financial assets 166,688,096 166,688,096 283,507 Other debt securities at amortized cost 1,867,184,144 1,867,184,144 1,043,200 Other debt securities at fair value through OCI 429,468,486 429,468,486 90,939 Total 6,467,564,241 6,299,873 89,424,023 124,118,303 28,084,153 11,402,207 324,568,014 583,896,573 5,883,667,668 38,083,797 • Guarantees received for the portfolio in Stage 3 The following table shows the amounts of guarantees for the portfolio in Stage 3 as of December 31, 2022. Class of financial instrument Maximum Fair value of collateral Total Net exposure Associated Deferred Mortgage Pledges on Pledges on Other Loans and other financing 15,608,256 3,376,576 265,709 81,197 1,075,203 4,798,685 10,809,571 10,768,998 Total 15,608,256 3,376,576 265,709 81,197 1,075,203 4,798,685 10,809,571 10,768,998 |
Summary of Liquidity Ratios Arising from Dividing Net Liquid Assets, Cash and Cash Equivalents by Total Deposits | The following table shows the liquidity ratios during the fiscal years 2023 and 2022, which arise from dividing net liquid assets, made up of cash and cash equivalents, by total deposits. 2023 2022 December, 31 109.94 % 93.65 % Average 97.50 % 93.59 % Max 109.94 % 95.25 % Min 92.56 % 92.45 % |
Summary of Contractual Cash Flows and Other Financing | The tables below summarize the maturity of the contractual cash flows of loans and other financing, before ECL, including interest and charges to be accrued until maturity of the contract as of December 31, 2023 and 2022: Item As of December 31, 2023 Matured Remaining terms to maturity Total Up to 1 month Over 1 month and up to 3 Over 3 months and up to 6 months Over 6 months and up to 12 months Over 12 months and up to 24 months Over 24 Non-financial government sector 108 3,150,956 1,417,310 109,219 182,011 210,063 5,069,667 Financial sector 7,775,676 373,548 2,612,404 3,920,838 2,168,224 850,415 17,701,105 Non-financial private sector and foreign residents 15,730,157 989,258,431 375,375,501 352,509,913 388,068,737 327,216,008 335,755,316 2,783,914,063 Total 15,730,265 1,000,185,063 377,166,359 355,231,536 392,171,586 329,594,295 336,605,731 2,806,684,835 Item As of December 31, 2022 Matured Remaining terms to maturity Total Up to 1 month Over 1 month and up to 3 Over 3 months and up to 6 months Over 6 months and up to 12 months Over 12 months and up to 24 months Over 24 months Non-financial government sector 336 4,217,929 1,789,856 323,992 582,295 911,524 538,439 8,364,371 Financial sector 152,957 206,005 1,739,788 633,749 952,101 290,873 3,975,473 Non-financial private sector and foreign residents 10,835,887 817,855,731 226,594,227 275,400,478 348,304,536 372,982,040 472,081,999 2,524,054,898 Total 10,836,223 822,226,617 228,590,088 277,464,258 349,520,580 374,845,665 472,911,311 2,536,394,742 |
Summary of Contractual Future Cash Flows of Financial Liabilities, Including Interest and Charges to be Accured | Additionally, the tables below disclose the maturity of the contractual future cash flows of the financial liabilities, including interest and charges to be accrued until maturity of the contracts, as of December 31, 2023 and 2022: Item As of December 31, 2023 Remaining terms to maturity Total Up to 1 month Over 1 month and up to 3 Over 3 Over 6 Over 12 Over 24 Deposits 3,096,512,411 186,285,623 139,588,945 65,882,129 1,310,175 14,738 3,489,594,021 From the non-financial government sector 182,614,696 6,107,881 5,078,026 1,697 193,802,300 From the financial sector 20,185,431 20,185,431 From the non-financial private sector and foreign residents 2,893,712,284 180,177,742 134,510,919 65,882,129 1,308,478 14,738 3,275,606,290 Liabilities at fair value through profit or loss 13,825,475 13,825,475 Derivative instruments 410,723 1,405,243 130,385 891,528 2,837,879 Repo transactions 23,664,841 8 2,378 7,029 23,674,256 Other financial institutions 23,664,841 8 2,378 7,029 23,674,256 Other financial liabilities 352,503,055 1,384,406 1,685,885 2,793,312 4,399,200 12,734,841 375,500,699 Financing received from the Central Bank of Argentina and other financial institutions 9,258,476 3,697,429 2,484,611 2,110,822 2,207,776 62,037 19,821,151 Issued corporate bonds 85,286 14,168,145 41,843,822 5,579,897 61,677,150 Subordinated corporate bonds 10,716,441 10,716,441 21,432,883 344,071,493 386,937,258 Total 3,496,174,981 192,857,995 168,776,790 124,245,083 34,929,931 356,883,109 4,373,867,889 Item As of December 31, 2022 Remaining terms to maturity Total Up to 1 month Over 1 month and up to 3 Over 3 Over 6 Over 12 Over 24 Deposits 3,695,887,040 353,567,988 61,513,880 5,923,453 38,288 114,723 4,117,045,372 From the non-financial government sector 335,668,445 10,541,024 3,175,414 14,004 349,398,887 From the financial sector 5,148,961 5,148,961 From the non-financial private sector and foreign residents 3,355,069,634 343,026,964 58,338,466 5,909,449 38,288 114,723 3,762,497,524 Liabilities at fair value through profit or loss 1,638,088 1,638,088 Derivative instruments 5,339 2,043 7,382 Other financial liabilities 407,237,180 1,327,475 1,205,372 2,293,536 3,816,681 8,815,941 424,696,185 Financing received from the Central Bank of Argentina and other financial institutions 910,500 1,611,404 5,035,125 140,037 7,697,066 Issued corporate bonds 31,060 30,048 62,120 8,560,157 8,683,385 Subordinated corporate bonds 7,316,628 7,316,628 14,633,254 249,547,294 278,813,804 Total 4,105,678,147 356,539,970 75,101,053 15,735,774 27,048,380 258,477,958 4,838,581,282 |
Summary of Bank's VaR by type of Risks | As of December 31, 2023 and 2022, the Bank’s economic capital by type of risk is as follows: Economic capital (EC – in millions) 12/31/2023 12/31/2022 Interest rate risk 29,487 12,656 Currency exchange rate risk 23,116 10,687 Price risk 15,167 12,362 |
Consumer [member] | |
Statement [LineItems] | |
Disclosure of internal credit grades | The following table discloses the risk levels score and rating arising from the Bank’s models: Category 12/31/2023 12/31/2022 Weighted PD % Gross Weighted % Gross Performing 1.13 % 96.32 % 1.54 % 97.32 % High grade 0.66 % 88.70 % 0.93 % 89.01 % Standard grade 4.06 % 4.53 % 5.00 % 4.43 % Sub-standard grade 10.39 % 3.09 % 11.58 % 3.88 % Past due but not impaired 46.56 % 2.62 % 29.73 % 1.86 % Impaired 100.00 % 1.06 % 100.00 % 0.82 % Total 100.00 100.00 |
Corporate Information - Additio
Corporate Information - Additional Information (Detail) $ in Thousands, $ in Thousands | 12 Months Ended | ||
Nov. 02, 2023 | May 18, 2023 USD ($) | Dec. 31, 2023 ARS ($) | |
Discription Of Corporate Information [Line Items] | |||
Cash transferred | $ 5,218,800 | ||
Play Digital SA [Member] | |||
Discription Of Corporate Information [Line Items] | |||
Capital contribution in advance of future share subscription | $ 977,225 | ||
Proportion of ownership interest in associate | 9.4543% | ||
Comercio Interior SAU [member] | |||
Discription Of Corporate Information [Line Items] | |||
Proportion of ownership interest in associate | 100% | ||
Banco Itau Argentina SA [member] | |||
Discription Of Corporate Information [Line Items] | |||
Proportion of ownership interest in associate | 100% | ||
Itau Asset Management SA [member] | |||
Discription Of Corporate Information [Line Items] | |||
Proportion of ownership interest in associate | 100% | ||
Itau Valores SA [member] | |||
Discription Of Corporate Information [Line Items] | |||
Proportion of ownership interest in associate | 100% |
Operations of the Bank - Additi
Operations of the Bank - Additional Information (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Misiones Provincial Government [member] | ||
Discription Of Business And Nature Of Operation [line items] | ||
Deposits liability | $ 45,827,616 | $ 66,333,468 |
Deposits liability related to court deposits | 5,213,814 | 5,031,694 |
Salta Provincial Government [member] | ||
Discription Of Business And Nature Of Operation [line items] | ||
Deposits liability | 65,930,128 | 107,468,621 |
Deposits liability related to court deposits | 8,782,304 | 10,764,824 |
Jujuy Provincial Government [member] | ||
Discription Of Business And Nature Of Operation [line items] | ||
Deposits liability | 17,780,194 | 24,217,758 |
Deposits liability related to court deposits | 5,497,367 | 6,927,266 |
Banco del Tucuman SA [member] | ||
Discription Of Business And Nature Of Operation [line items] | ||
Deposits liability | 42,496,491 | 108,008,942 |
Deposits liability related to court deposits | 22,563,470 | 28,845,855 |
Tucumn Provincial Government The Municipality of San Miguel De Tucumn And The Municipality of Yerba Buena [Member] | ||
Discription Of Business And Nature Of Operation [line items] | ||
Bank granted loans to government | $ 2,278,902 | |
Tucumn Provincial Government and the Municipality of Yerba Buena [Member] | ||
Discription Of Business And Nature Of Operation [line items] | ||
Bank granted loans to government | $ 1,632,713 |
Basis for the Preparation of Fi
Basis for the Preparation of Financial Statements and Applicable Accounting Standards - Additional Information (Detail) $ in Thousands | 1 Months Ended | 12 Months Ended | |||
Aug. 31, 2022 ARS ($) | Aug. 16, 2022 | Jun. 30, 2022 ARS ($) | Dec. 31, 2023 ARS ($) | Dec. 31, 2022 | |
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Inflation rate | 211.41 | 94.79 | |||
Federal Government Bonds in Pesos [Member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Reclassification of financial assets out of measured at fair value through other comprehensive income into measured at fair value through profit or loss | $ 276,325,673 | ||||
Investments maturity Date | Jul. 29, 2022 | ||||
Federal Government Treasury Bonds Linked to Dollar [Member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Reclassification of financial assets out of measured at fair value through other comprehensive income into measured at fair value through profit or loss | $ 149,676,564 | ||||
Investments maturity Date | Apr. 28, 2023 | ||||
Investments Interest Rate | 0.30% | ||||
Letters of National Estate in Pesos [Member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Investments maturity Date | Aug. 16, 2022 | ||||
Minimum Average Term [member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Percentage of participating interest | 50% | ||||
Macro Fondos SGFCISA [member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Percentage of voting equity interests acquired | 80.90% | ||||
Sud Asesores [member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Percentage of voting equity interests acquired | 100% | ||||
Equity interests of acquirer | $ 66,496 | ||||
BMA Asset Management SA [Member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Percentage of voting equity interests acquired | 87% | ||||
BMA Valores SA [Member] | |||||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||||
Percentage of voting equity interests acquired | 87% |
Basis for the Preparation of _4
Basis for the Preparation of Financial Statements and Applicable Accounting Standards - Summary of Bank Consolidated its Financial Statements (Detail) - shares | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | ||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Shares issued | 639,413,408 | ||
Macro Securities SAU [Member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | Common | Common | |
Shares issued | 12,885,683 | 12,885,683 | |
Total capital stock | 100% | 100% | |
Voting rights | 100% | 100% | |
Macro Fiducia SAU [Member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | Common | Common | |
Shares issued | 47,387,236 | 47,387,236 | |
Total capital stock | 100% | 100% | |
Voting rights | 100% | 100% | |
Macro Fondos SGFCISA [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Voting rights | 80.90% | ||
Macro Fondos SGFCISA [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | Common | Common | |
Shares issued | 327,183 | 327,183 | |
Total capital stock | 100% | 100% | |
Voting rights | 100% | 100% | |
Macro Bank Limited [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | Common | Common | |
Shares issued | 39,816,899 | 39,816,899 | |
Total capital stock | 100% | 100% | |
Voting rights | 100% | 100% | |
Argenpay SAU [Member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | Common | Common | |
Shares issued | 1,001,200,000 | 341,200,000 | |
Total capital stock | 100% | 100% | |
Voting rights | 100% | 100% | |
Fintech SGR (Structured entity) [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | Common | Common | |
Shares issued | 119,993 | 119,993 | |
Total capital stock | 24.999% | 24.999% | |
Voting rights | 24.999% | 24.999% | |
Macro Agro SAU [Member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | [1] | Common | |
Shares issued | [1] | 615,519 | |
Total capital stock | [1] | 100% | |
Voting rights | [1] | 100% | |
Banco BMA SAU [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | [2] | Common | |
Shares issued | [2] | 729,166,165 | |
Total capital stock | [2] | 100% | |
Voting rights | [2] | 100% | |
Banco BMA SAU [member] | Preference shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | [2] | Preferred | |
Shares issued | [2] | 14,565,089 | |
Total capital stock | [2] | 100% | |
BMA Asset Management SA [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Voting rights | 87% | ||
BMA Asset Management SA [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | [2] | Common | |
Shares issued | [2] | 91,950 | |
Total capital stock | [2] | 100% | |
Voting rights | [2] | 100% | |
BMA Valores SA [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Voting rights | 87% | ||
BMA Valores SA [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Type | [2] | Common | |
Shares issued | [2] | 52,419,500 | |
Total capital stock | [2] | 100% | |
Voting rights | [2] | 100% | |
Total non- controlling interests [member] | Fintech SGR (Structured entity) [member] | Ordinary shares [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Total capital stock for non-controlling interest | 75.001% | 75.001% | |
Voting rights for non-controlling interest | 75.001% | 75.001% | |
[1]Interest acquired in May 2023 (see Note 14).[2]Interest acquired in November 2023 (see Note 14). |
Basis for the Preparation of _5
Basis for the Preparation of Financial Statements and Applicable Accounting Standards - Summary of Total Assets, Liabilities and Net Shareholders Equity (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | |
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | $ 6,718,211,111 | $ 6,508,793,934 | |
Liabilities | 4,674,186,061 | 4,913,674,060 | |
Equity attributable to the owners of the Bank | 2,043,559,163 | 1,594,856,139 | |
Equity attributable to non-controlling interests | 465,887 | 263,735 | |
Banco Macro SA [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 5,850,672,381 | 6,407,372,878 | |
Liabilities | 3,807,113,218 | 4,812,516,739 | |
Equity attributable to the owners of the Bank | 2,043,559,163 | 1,594,856,139 | |
Macro Bank Limited [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 96,913,028 | 50,000,623 | |
Liabilities | 69,534,634 | 34,556,345 | |
Equity attributable to the owners of the Bank | 27,378,394 | 15,444,278 | |
Macro Securities SAU [Member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | [1] | 172,108,267 | 105,632,053 |
Liabilities | [1] | 114,694,224 | 72,940,995 |
Equity attributable to the owners of the Bank | [1] | 57,414,043 | 31,113,783 |
Macro Fiducia SAU [Member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 650,856 | 615,622 | |
Liabilities | 47,660 | 15,338 | |
Equity attributable to the owners of the Bank | 603,196 | 600,284 | |
Argenpay SAU [Member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 15,211,804 | 7,893,951 | |
Liabilities | 8,272,716 | 4,976,502 | |
Equity attributable to the owners of the Bank | 6,939,088 | 2,917,449 | |
Fintech SGR [Member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 16,775,841 | 16,539,693 | |
Liabilities | 16,154,667 | 16,188,045 | |
Equity attributable to the owners of the Bank | 155,287 | 351,648 | |
Equity attributable to non-controlling interests | 465,887 | 263,735 | |
Macro Agro SAU [Member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 24,091,214 | ||
Liabilities | 23,317,522 | ||
Equity attributable to the owners of the Bank | 773,692 | ||
Banco BMA SAU [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | 879,489,639 | ||
Liabilities | 667,129,219 | ||
Equity attributable to the owners of the Bank | 212,360,420 | ||
Eliminations [member] | |||
Basis for preparation of financial statements and applicable accounting standards [line items] | |||
Assets | (337,701,919) | (79,260,886) | |
Liabilities | (32,077,799) | (27,519,904) | |
Equity attributable to the owners of the Bank | $ (305,624,120) | $ (50,427,442) | |
[1]Includes the balance amounts of its subsidiary Macro Fondos SGFCISA. |
Contingent Transactions - Summa
Contingent Transactions - Summary of Contingent Transactions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of contingent liabilities [line items] | ||
Less: Allowance for ECL | $ (2,176,655) | $ (2,403,512) |
Contingent transactions, total | 1,644,238,009 | 2,104,995,721 |
Undrawn commitments of credit cards and checking accounts [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent transactions, total | 1,384,680,279 | 2,083,040,564 |
Guarantees granted [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent transactions, total | 185,041,419 | 22,448,824 |
Responsibilities for foreign trade operations [member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent transactions, total | 40,110,366 | |
Overdraft and unused agreed commitments [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent transactions, total | 36,582,600 | 1,909,845 |
Gross carrying amount [Member] | ||
Disclosure of contingent liabilities [line items] | ||
Contingent transactions, total | $ 1,646,414,664 | $ 2,107,399,233 |
Debt Securities at Fair Value_3
Debt Securities at Fair Value Through Profit or Loss - Summary of Debt Securities at Fair Value Through Profit or Loss (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | $ 1,752,113,837 | $ 657,238,645 |
Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,713,643,076 | 637,866,302 |
Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 32,791,255 | 19,372,343 |
Foreign Government securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 5,679,506 | |
Argentine government discount bonds in dual currency - Maturity: 08-30-2024 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 821,881,169 | |
Argentine government discount bonds in dual currency - Maturity: 04-30-2024 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 322,820,204 | |
Argentine government discount bonds in dual currency - Maturity: 02-28-2024 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 241,101,548 | 35,737,886 |
Argentine government Treasury bonds tied to the US dollar - Maturity: 04-30-2024 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 190,164,513 | 255,881 |
Argentine government discount bonds in dual currency - Maturity: 06-30-2024 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 102,371,616 | |
Neuquén government Treasury bills S01 C01 - Maturity: 04-19-2026 | Level 2 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 9,168,242 | |
Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 10-14-2024 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 5,985,638 | |
Autonomous City of Buenos Aires bonds 7.5% - Maturity: 06-01-2027 | Level 2 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 5,238,009 | 4,677,694 |
Argentine government US dollar step-up bonds - Maturity: 07-09-2030 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 2,381,340 | 1,448,053 |
Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 11-09-2026 | Level 1 [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 2,365,081 | 3,924,708 |
Corporate bonds YPF SA C025 - Maturity: 02-13-2026 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 10,228,522 | |
Corporate bonds Pampa Energía SA CL. I - Maturity: 01-24-2027 | Level 2 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 3,491,351 | 1,842,764 |
Corporate bonds Genneia SA C031 - Maturity: 09-02-2027 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 2,930,261 | 4,140,470 |
Corporate bonds Transportadora de Gas del Sur SA C002 - Maturity: 05-02-2025 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,983,861 | 2,204,865 |
Corporate bonds YPF SA C39 - Maturity: 07-28-2025 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,767,458 | |
Corporate bonds Coemision Gemsa and CTR C021 - Maturity: 04-17-2025 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,740,002 | |
Corporate bonds Telecom Argentina SA C005 - Maturity: 08-06-2025 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,517,696 | 215,036 |
Corporate bonds YPF SA C002 - Maturity: 07-25-2026 | Level 2 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,279,846 | |
Corporate bonds Capex SA C005 - Maturity: 08-25-2028 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,169,504 | |
Corporate bonds Telecom Argentina SA C001 - Maturity: 07-18-2026 | Level 1 [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 1,065,260 | 861,210 |
Other [member] | Local Government Securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 10,165,716 | 591,822,080 |
Other [member] | Private securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 5,617,494 | $ 10,107,998 |
US Treasury bills - Maturity: 06-27-2024 | Level 1 [member] | Foreign Government securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 3,153,777 | |
US Treasury bills - Maturity: 10-31-2024 | Level 1 [member] | Foreign Government securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | 2,331,621 | |
US Treasury bills - Maturity: 08-08-2024 | Level 1 [member] | Foreign Government securities [member] | ||
Disclosure of debt securities at fair value through profit or loss [line items] | ||
Debt securities at fair value through profit or loss | $ 194,108 |
Debt Securities at Fair Value_4
Debt Securities at Fair Value Through Profit or Loss - Summary of Debt Securities at Fair Value Through Profit or Loss (Parenthetical) (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 ARS ($) percent | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Nominal amount of hedging instrument | percent | 4,555,434 |
Swap contract [member] | Aeropuertos Argentina [Member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Average price of hedging instrument | 4 |
Argentine government Treasury bills in pesos adjusted by CER – Maturity: 05-19-2023 (X19Y3) for a face value of 1,145,882,575 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | $ 1,145,882,575 |
Argentine government discount bonds in dual currency – Maturity: 07-21-2023 (TDL23) for a face value of 344,498,105 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 344,498,105 |
Argentine government discount Treasury bills in pesos – Maturity: 05-31-2023 (S31Y3) for a face value of 295,000,000 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 295,000,000 |
Argentine government discount Treasury bills in pesos – Maturity: 04-28-2023 (S28A3) for a face value of 210,000,000 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 210,000,000 |
Argentine government discount Treasury bills in pesos – Maturity: 03-31-2023 (S31M3) for a face value of 200,000,000 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 200,000,000 |
Argentine government Treasury bills in pesos adjusted by CER – Maturity: 06-16-2023 (X16J3) for a face value of 159,305,395 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 159,305,395 |
Argentine government discount bonds in dual currency – Maturity: 09-29-2023 (TDS23) for a face value of 120,244,752 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 120,244,752 |
Argentine government Treasury bonds tied to the US dollar - Maturity: 07-31-2023 (T2V3) for a face value of 3,000,000 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 3,000,000 |
As of December 31, 2023, their notional value amounted to 723,905,521 | Option contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 723,905,521 |
Argentine government discount bonds in dual currency - Maturity: 08-30-2024 (TDG24) for a face value of 1,033,387,454 | Option contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 1,033,387,454 |
Argentine government discount bonds in dual currency - Maturity: 04-30-2024 (TDA24) for a face value of 416,431,788 | Option contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 416,431,788 |
Argentine government Treasury bonds tied to the US dollar 0.40% - Maturity: 04-30-2024 (TV24) for a face value of 237,640,435 | Option contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | 237,640,435 |
Argentine government discount bonds in dual currency - Maturity: 06-30-2024 (TDJ24) for a face value of 113,500,000 | Option contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Notional amount | $ 113,500,000 |
Level 1 [member] | Corporate bonds YPF SA C025 - Maturity: 02-13-2026 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 02-13-2026 |
Level 1 [member] | Corporate bonds Genneia SA C031 - Maturity: 09-02-2027 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 09-02-2027 |
Level 1 [member] | Corporate bonds Transportadora de Gas del Sur SA C002 - Maturity: 05-02-2025 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 05-02-2025 |
Level 1 [member] | Corporate bonds YPF SA C39 - Maturity: 07-28-2025 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 07-28-2025 |
Level 1 [member] | Corporate bonds Coemision Gemsa and CTR C021 - Maturity: 04-17-2025 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 04-17-2025 |
Level 1 [member] | Corporate bonds Telecom Argentina SA C005 - Maturity: 08-06-2025 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 08-06-2025 |
Level 1 [member] | Corporate bonds Capex SA C005 - Maturity: 08-25-2028 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 08-25-2028 |
Level 1 [member] | Corporate bonds Telecom Argentina SA C001 - Maturity: 07-18-2026 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 07-18-2026 |
Level 2 [member] | Corporate bonds Pampa Energía SA CL. I - Maturity: 01-24-2027 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 01-24-2027 |
Level 2 [member] | Corporate bonds YPF SA C002 - Maturity: 07-25-2026 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 07-25-2026 |
Government securities [member] | Level 1 [member] | Argentine government discount bonds in dual currency - Maturity: 08-30-2024 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 08-30-2024 |
Government securities [member] | Level 1 [member] | Argentine government discount bonds in dual currency - Maturity: 04-30-2024 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 04-30-2024 |
Government securities [member] | Level 1 [member] | Argentine government discount bonds in dual currency - Maturity: 02-28-2024 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 02-28-2024 |
Government securities [member] | Level 1 [member] | Argentine government Treasury bonds tied to the US dollar - Maturity: 04-30-2024 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 04-30-2024 |
Government securities [member] | Level 1 [member] | Argentine government discount bonds in dual currency - Maturity: 06-30-2024 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 06-30-2024 |
Government securities [member] | Level 1 [member] | Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 10-14-2024 | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings, interest rate | 4.25% |
Government securities [member] | Level 1 [member] | Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 10-14-2024 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 10-14-2024 |
Government securities [member] | Level 1 [member] | Argentine government US dollar step-up bonds - Maturity: 07-09-2030 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 07-09-2030 |
Government securities [member] | Level 1 [member] | Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 11-09-2026 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 11-09-2026 |
Government securities [member] | Level 1 [member] | US Treasury bills - Maturity: 06-27-2024 | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 06-27-2024 |
Government securities [member] | Level 1 [member] | US Treasury bills - Maturity: 10-31-2024 | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 10-31-2024 |
Government securities [member] | Level 1 [member] | US Treasury bills - Maturity: 08-08-2024 | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 08-08-2024 |
Government securities [member] | Level 2 [member] | Neuquén government Treasury bills S01 C01 - Maturity: 04-19-2026 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 04-19-2026 |
Government securities [member] | Level 2 [member] | Autonomous City of Buenos Aires bonds 7.5% - Maturity: 06-01-2027 | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings, interest rate | 7.50% |
Government securities [member] | Level 2 [member] | Autonomous City of Buenos Aires bonds 7.5% - Maturity: 06-01-2027 | Swap contract [member] | |
Disclosure of debt securities at fair value through profit or loss [line items] | |
Borrowings maturity | 06-01-2027 |
Derivative Financial Instrume_3
Derivative Financial Instruments - Summary of Notional Amounts and Fair Values of Derivative Financial Instruments (Detail) $ in Thousands, $ in Thousands | Dec. 31, 2023 ARS ($) | Dec. 31, 2023 USD ($) | Dec. 31, 2022 ARS ($) | Dec. 31, 2022 USD ($) |
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative assets, fair Value | $ 13,143,270 | $ 133,591 | ||
Derivative liabilities, fair Value | 2,837,879 | 7,382 | ||
Derivatives held for trading [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative assets, notional Value | 113,653 | 62,971 | ||
Derivative liabilities,notional Value | 132,179 | 985 | ||
Derivatives held for trading [member] | Currency swap contract [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative liabilities,notional Value | $ 132,179 | $ 985 | ||
Derivatives held for trading [member] | Currency swap contract [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative assets, notional Value | 113,653 | 62,971 | ||
At fair value [member] | Derivatives held for trading [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative assets, fair Value | 13,143,270 | 133,591 | ||
Derivative liabilities, fair Value | $ 2,837,879 | $ 7,382 | ||
At fair value [member] | Derivatives held for trading [member] | Currency swap contract [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative liabilities, fair Value | 2,837,879 | 7,382 | ||
At fair value [member] | Derivatives held for trading [member] | Currency swap contract [member] | ||||
Disclosure of detailed information about financial instruments [line items] | ||||
Derivative assets, fair Value | $ 13,143,270 | $ 133,591 |
Repo Transactions - Additional
Repo Transactions - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of repo transactions [line items] | |||
Profit generated by the bank through repurchase transactions | $ 196,918,446 | $ 41,369,973 | $ 51,779,583 |
Losses generated by the bank through reverse repurchase transactions | 13,873,646 | 3,038,227 | $ 1,786,842 |
Financial assets delivered as guarantee | 30,446,725 | ||
Financial assets off balance sheet transaction | 679,456,540 | 212,163,266 | |
Repurchase agreements and cash collateral on securities lent | 30,446,725 | ||
Government Securities [member] | |||
Disclosure of repo transactions [line items] | |||
Reverse repurchase transactions | $ 639,183,710 | $ 192,852,624 |
Other Financial Assets - Summar
Other Financial Assets - Summary Of Composition Of The Other Financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | $ 201,381,389 | $ 180,443,674 |
Sundry debtors [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 103,795,538 | 82,226,448 |
Receivables from other spot sales pending settlement [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 69,689,064 | 31,906,396 |
Private securities [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 26,390,995 | 14,039,085 |
Receivables from spot sales of foreign currency pending settlement [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 1,413,273 | 49,842,133 |
Receivables from spot sales of government securities pending settlement [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 93,988 | 1,521,526 |
Other [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 593,807 | 1,191,593 |
Subtotal [Member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | 201,976,665 | 180,727,181 |
Allowances [member] | ||
Disclosure of other financial assets and non-financial assets [line items] | ||
Composition | $ (595,276) | $ (283,507) |
Loss Allowance for Expected C_3
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Exposure to Credit Risk (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,887,306,653 | $ 1,898,351,483 |
Less: Allowance for ECL | (53,648,800) | (34,262,639) |
Loans and receivables | $ 1,833,657,853 | $ 1,864,088,844 |
Percentage of maximum exposure to credit risk | 100% | 100% |
Percentage of credit quality of loans | 100% | 100% |
Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 438,779,000 | $ 339,228,709 |
Percentage of maximum exposure to credit risk | 100% | 100% |
Percentage of credit quality of loans | 100% | 100% |
Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,448,527,653 | $ 1,559,122,774 |
Percentage of maximum exposure to credit risk | 100% | 100% |
Percentage of credit quality of loans | 100% | 100% |
Performing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,817,958,482 | $ 1,847,396,326 |
Percentage of maximum exposure to credit risk | 96.32% | 97.32% |
Performing [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 413,994,061 | $ 334,946,676 |
Percentage of credit quality of loans | 94.35% | 98.74% |
Performing [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,403,964,421 | $ 1,512,449,650 |
Percentage of credit quality of loans | 96.93% | 97% |
Performing [member] | High grade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,674,299,494 | $ 1,689,602,520 |
Percentage of maximum exposure to credit risk | 88.70% | 89.01% |
Performing [member] | High grade [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 0% | 0% |
Performing [member] | High grade [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 3.50% | 3.50% |
Performing [member] | High grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 375,163,019 | $ 309,384,325 |
Percentage of credit quality of loans | 85.50% | 91.20% |
Performing [member] | High grade [member] | Expected credit losses individually assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 0% | 0% |
Performing [member] | High grade [member] | Expected credit losses individually assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 3.50% | 3.50% |
Performing [member] | High grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,299,136,475 | $ 1,380,218,195 |
Percentage of credit quality of loans | 89.69% | 88.52% |
Performing [member] | High grade [member] | Expected credit losses collectively assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 0% | 0% |
Performing [member] | High grade [member] | Expected credit losses collectively assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 3.50% | 3.50% |
Performing [member] | Standard grade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 85,416,048 | $ 84,076,102 |
Percentage of maximum exposure to credit risk | 4.53% | 4.43% |
Performing [member] | Standard grade [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 3.51% | 3.51% |
Performing [member] | Standard grade [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 7% | 7% |
Performing [member] | Standard grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 20,526,800 | $ 13,296,960 |
Percentage of credit quality of loans | 4.68% | 3.92% |
Performing [member] | Standard grade [member] | Expected credit losses individually assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 3.51% | 3.51% |
Performing [member] | Standard grade [member] | Expected credit losses individually assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 7% | 7% |
Performing [member] | Standard grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 64,889,248 | $ 70,779,142 |
Percentage of credit quality of loans | 4.48% | 4.54% |
Performing [member] | Standard grade [member] | Expected credit losses collectively assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 3.51% | 3.51% |
Performing [member] | Standard grade [member] | Expected credit losses collectively assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 7% | 7% |
Performing [member] | Sub-standard grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 18,304,242 | $ 12,265,391 |
Percentage of credit quality of loans | 4.17% | 3.62% |
Performing [member] | Sub-standard grade [member] | Expected credit losses individually assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 7.01% | 7.01% |
Performing [member] | Sub-standard grade [member] | Expected credit losses individually assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 33% | 33% |
Performing [member] | Sub-standard grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 39,938,698 | $ 61,452,313 |
Percentage of credit quality of loans | 2.76% | 3.94% |
Performing [member] | Sub-standard grade [member] | Expected credit losses collectively assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 7.01% | 7.01% |
Performing [member] | Sub-standard grade [member] | Expected credit losses collectively assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 33% | 33% |
Past due but not impaired [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 49,354,783 | $ 35,346,901 |
Percentage of maximum exposure to credit risk | 2.62% | 1.86% |
Past due but not impaired [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 33.01% | 33.01% |
Past due but not impaired [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 99.99% | 99.99% |
Past due but not impaired [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 17,720,066 | |
Percentage of credit quality of loans | 4.04% | |
Past due but not impaired [member] | Expected credit losses individually assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 33.01% | 33.01% |
Past due but not impaired [member] | Expected credit losses individually assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 99.99% | 99.99% |
Past due but not impaired [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 31,634,717 | $ 35,346,901 |
Percentage of credit quality of loans | 2.18% | 2.27% |
Past due but not impaired [member] | Expected credit losses collectively assessed [member] | Bottom of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 33.01% | 33.01% |
Past due but not impaired [member] | Expected credit losses collectively assessed [member] | Top of range [member] | ||
Disclosure of credit risk exposure [line items] | ||
Range PD | 99.99% | 99.99% |
Non-performing (Impaired) [member] | Impaired [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 19,993,388 | $ 15,608,256 |
Percentage of maximum exposure to credit risk | 1.06% | 0.82% |
Range PD | 100% | 100% |
Non-performing (Impaired) [member] | Impaired [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 7,064,873 | $ 4,282,033 |
Percentage of credit quality of loans | 1.61% | 1.26% |
Range PD | 100% | 100% |
Non-performing (Impaired) [member] | Impaired [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 12,928,515 | $ 11,326,223 |
Percentage of credit quality of loans | 0.89% | 0.73% |
Range PD | 100% | 100% |
Impairments Stage 1 [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,778,192,063 | $ 1,819,996,014 |
Percentage of maximum exposure to credit risk | 94.22% | 95.87% |
Impairments Stage 1 [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 406,896,843 | $ 326,942,915 |
Percentage of maximum exposure to credit risk | 92.73% | 96.38% |
Impairments Stage 1 [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,371,295,220 | $ 1,493,053,099 |
Percentage of maximum exposure to credit risk | 94.67% | 95.76% |
Impairments Stage 1 [member] | Performing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 1,768,631,793 | $ 1,808,202,524 |
Impairments Stage 1 [member] | Performing [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 406,896,843 | 326,942,915 |
Impairments Stage 1 [member] | Performing [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 1,361,734,950 | 1,481,259,609 |
Impairments Stage 1 [member] | Performing [member] | High grade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 1,656,677,021 | 1,681,921,508 |
Impairments Stage 1 [member] | Performing [member] | High grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 370,890,261 | 305,519,934 |
Impairments Stage 1 [member] | Performing [member] | High grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 1,285,786,760 | 1,376,401,574 |
Impairments Stage 1 [member] | Performing [member] | Standard grade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 74,319,390 | 74,589,458 |
Impairments Stage 1 [member] | Performing [member] | Standard grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 20,525,339 | 11,345,135 |
Impairments Stage 1 [member] | Performing [member] | Standard grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 53,794,051 | 63,244,323 |
Impairments Stage 1 [member] | Performing [member] | Sub-standard grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 15,481,243 | 10,077,846 |
Impairments Stage 1 [member] | Performing [member] | Sub-standard grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 22,154,139 | 41,613,712 |
Impairments Stage 1 [member] | Past due but not impaired [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 9,560,270 | 11,793,490 |
Impairments Stage 1 [member] | Past due but not impaired [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 9,560,270 | 11,793,490 |
Impairments Stage 2 [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 89,121,202 | $ 62,747,213 |
Percentage of maximum exposure to credit risk | 4.72% | 3.31% |
Impairments Stage 2 [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 24,817,284 | $ 8,003,761 |
Percentage of maximum exposure to credit risk | 5.66% | 2.36% |
Impairments Stage 2 [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 64,303,918 | $ 54,743,452 |
Percentage of maximum exposure to credit risk | 4.44% | 3.51% |
Impairments Stage 2 [member] | Performing [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 49,326,689 | $ 39,193,802 |
Impairments Stage 2 [member] | Performing [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 7,097,218 | 8,003,761 |
Impairments Stage 2 [member] | Performing [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 42,229,471 | 31,190,041 |
Impairments Stage 2 [member] | Performing [member] | High grade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 17,622,473 | 7,681,012 |
Impairments Stage 2 [member] | Performing [member] | High grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 4,272,758 | 3,864,391 |
Impairments Stage 2 [member] | Performing [member] | High grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 13,349,715 | 3,816,621 |
Impairments Stage 2 [member] | Performing [member] | Standard grade [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 11,096,658 | 9,486,644 |
Impairments Stage 2 [member] | Performing [member] | Standard grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 1,461 | 1,951,825 |
Impairments Stage 2 [member] | Performing [member] | Standard grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 11,095,197 | 7,534,819 |
Impairments Stage 2 [member] | Performing [member] | Sub-standard grade [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 2,822,999 | 2,187,545 |
Impairments Stage 2 [member] | Performing [member] | Sub-standard grade [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 17,784,559 | 19,838,601 |
Impairments Stage 2 [member] | Past due but not impaired [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 39,794,513 | 23,553,411 |
Impairments Stage 2 [member] | Past due but not impaired [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 17,720,066 | |
Impairments Stage 2 [member] | Past due but not impaired [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 22,074,447 | 23,553,411 |
Impairments Stage 3 [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 19,993,388 | $ 15,608,256 |
Percentage of maximum exposure to credit risk | 1.06% | 0.82% |
Impairments Stage 3 [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 7,064,873 | $ 4,282,033 |
Percentage of maximum exposure to credit risk | 1.61% | 1.26% |
Impairments Stage 3 [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 12,928,515 | $ 11,326,223 |
Percentage of maximum exposure to credit risk | 0.89% | 0.73% |
Impairments Stage 3 [member] | Non-performing (Impaired) [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 15,608,256 | |
Impairments Stage 3 [member] | Non-performing (Impaired) [member] | Impaired [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 19,993,388 | |
Impairments Stage 3 [member] | Non-performing (Impaired) [member] | Impaired [member] | Expected credit losses individually assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | 7,064,873 | 4,282,033 |
Impairments Stage 3 [member] | Non-performing (Impaired) [member] | Impaired [member] | Expected credit losses collectively assessed [member] | ||
Disclosure of credit risk exposure [line items] | ||
Maximum exposure to credit risk | $ 12,928,515 | $ 11,326,223 |
Loss Allowance for Expected C_4
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Maximum exposure to credit risk for Loans and Other Financing (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 1,887,306,653 | $ 1,898,351,483 |
Percentage of maximum exposure to credit risk | 100% | 100% |
Percentage of credit quality of loans | 100% | 100% |
Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 1,778,192,063 | $ 1,819,996,014 |
Percentage of maximum exposure to credit risk | 94.22% | 95.87% |
Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 89,121,202 | $ 62,747,213 |
Percentage of maximum exposure to credit risk | 4.72% | 3.31% |
Impairments Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 19,993,388 | $ 15,608,256 |
Percentage of maximum exposure to credit risk | 1.06% | 0.82% |
Performing [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 1,817,958,482 | $ 1,847,396,326 |
Percentage of maximum exposure to credit risk | 96.32% | 97.32% |
Performing [member] | Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 1,768,631,793 | $ 1,808,202,524 |
Performing [member] | Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | 49,326,689 | 39,193,802 |
Performing [member] | High grade [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 1,674,299,494 | $ 1,689,602,520 |
Percentage of maximum exposure to credit risk | 88.70% | 89.01% |
Performing [member] | High grade [member] | Bottom of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 0% | 0% |
Performing [member] | High grade [member] | Top of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 3.50% | 3.50% |
Performing [member] | High grade [member] | Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 1,656,677,021 | $ 1,681,921,508 |
Performing [member] | High grade [member] | Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | 17,622,473 | 7,681,012 |
Performing [member] | Standard grade [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 85,416,048 | $ 84,076,102 |
Percentage of maximum exposure to credit risk | 4.53% | 4.43% |
Performing [member] | Standard grade [member] | Bottom of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 3.51% | 3.51% |
Performing [member] | Standard grade [member] | Top of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 7% | 7% |
Performing [member] | Standard grade [member] | Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 74,319,390 | $ 74,589,458 |
Performing [member] | Standard grade [member] | Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | 11,096,658 | 9,486,644 |
Performing [member] | Sub- standard grade [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 58,242,940 | $ 73,717,704 |
Percentage of maximum exposure to credit risk | 3.09% | 3.88% |
Performing [member] | Sub- standard grade [member] | Bottom of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 7.01% | 7.01% |
Performing [member] | Sub- standard grade [member] | Top of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 33% | 33% |
Performing [member] | Sub- standard grade [member] | Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 37,635,382 | $ 51,691,558 |
Performing [member] | Sub- standard grade [member] | Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | 20,607,558 | 22,026,146 |
Past due but not impaired [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 49,354,783 | $ 35,346,901 |
Percentage of maximum exposure to credit risk | 2.62% | 1.86% |
Past due but not impaired [member] | Bottom of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 33.01% | 33.01% |
Past due but not impaired [member] | Top of range [member] | ||
Disclosure of internal credit grades [line items] | ||
Range PD | 99.99% | 99.99% |
Past due but not impaired [member] | Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 9,560,270 | $ 11,793,490 |
Past due but not impaired [member] | Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | 39,794,513 | 23,553,411 |
Non-performing (Impaired) [member] | Impairments Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | 15,608,256 | |
Non-performing (Impaired) [member] | Impaired [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 19,993,388 | $ 15,608,256 |
Percentage of maximum exposure to credit risk | 1.06% | 0.82% |
Range PD | 100% | 100% |
Non-performing (Impaired) [member] | Impaired [member] | Impairments Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Maximum exposure to credit risk | $ 19,993,388 |
Loss Allowance for Expected C_5
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Changes in Gross Carrying Amount and ECL Allowances (Detail) - Commercial [member] - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | $ 339,228,709 | $ 522,950,004 |
Gross carrying amount, ending balance | 438,779,000 | 339,228,709 |
Expected credit loss allowance, beginning balance | 6,364,743 | 23,024,553 |
Expected credit loss allowance, ending balance | 23,797,037 | 6,364,743 |
Assets originated or purchased [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 671,010,842 | 345,567,422 |
Expected credit loss allowance | 20,540,392 | 4,269,411 |
Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (179,743,309) | (273,402,689) |
Expected credit loss allowance | (2,812,951) | (11,261,086) |
Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 45,580,621 | 15,162,575 |
Expected credit loss allowance | 10,402,212 | (1,324,915) |
Amount Written Off [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (647,847) | |
Expected credit loss allowance | (482,865) | |
Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (436,650,016) | (271,048,603) |
Expected credit loss allowance | (10,214,494) | (8,343,220) |
Impairments Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | 326,942,915 | 489,589,175 |
Gross carrying amount, ending balance | 406,896,843 | 326,942,915 |
Expected credit loss allowance, beginning balance | 2,935,963 | 4,039,465 |
Expected credit loss allowance, ending balance | 4,657,832 | 2,935,963 |
Impairments Stage 1 [member] | Assets originated or purchased [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 649,772,639 | 342,707,676 |
Expected credit loss allowance | 6,805,503 | 3,350,170 |
Impairments Stage 1 [member] | Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (176,933,446) | (259,247,462) |
Expected credit loss allowance | (1,403,611) | (1,856,376) |
Impairments Stage 1 [member] | Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 28,015,918 | 11,783,851 |
Expected credit loss allowance | 12,242 | (216,466) |
Impairments Stage 1 [member] | Transfers to Stage one [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 77,630 | |
Expected credit loss allowance | 48,467 | |
Impairments Stage 1 [member] | Transfers to stage three [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (466,878) | |
Expected credit loss allowance | (353,824) | |
Impairments Stage 1 [member] | Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (420,901,183) | (257,501,077) |
Expected credit loss allowance | (3,692,265) | (2,075,473) |
Impairments Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | 8,003,761 | 28,728,902 |
Gross carrying amount, ending balance | 24,817,284 | 8,003,761 |
Expected credit loss allowance, beginning balance | 1,034,229 | 15,234,993 |
Expected credit loss allowance, ending balance | 13,584,512 | 1,034,229 |
Impairments Stage 2 [member] | Assets originated or purchased [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 21,238,203 | 2,859,746 |
Expected credit loss allowance | 13,734,889 | 919,241 |
Impairments Stage 2 [member] | Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (10,856,932) | |
Expected credit loss allowance | (6,696,177) | |
Impairments Stage 2 [member] | Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 6,597,883 | 1,501,434 |
Expected credit loss allowance | 2,519,984 | (1,606,792) |
Impairments Stage 2 [member] | Transfers to Stage one [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (77,630) | |
Expected credit loss allowance | (48,467) | |
Impairments Stage 2 [member] | Transfers to stage three [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (4,989,188) | |
Expected credit loss allowance | (3,315,561) | |
Impairments Stage 2 [member] | Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (11,022,563) | (9,162,571) |
Expected credit loss allowance | (3,704,590) | (3,453,008) |
Impairments Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | 4,282,033 | 4,631,927 |
Gross carrying amount, ending balance | 7,064,873 | 4,282,033 |
Expected credit loss allowance, beginning balance | 2,394,551 | 3,750,095 |
Expected credit loss allowance, ending balance | 5,554,693 | 2,394,551 |
Impairments Stage 3 [member] | Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (2,809,863) | (3,298,295) |
Expected credit loss allowance | (1,409,340) | (2,708,533) |
Impairments Stage 3 [member] | Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 10,966,820 | 1,877,290 |
Expected credit loss allowance | 7,869,986 | 498,343 |
Impairments Stage 3 [member] | Transfers to stage three [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 5,456,066 | |
Expected credit loss allowance | 3,669,385 | |
Impairments Stage 3 [member] | Amount Written Off [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (647,847) | |
Expected credit loss allowance | (482,865) | |
Impairments Stage 3 [member] | Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (4,726,270) | (4,384,955) |
Expected credit loss allowance | $ (2,817,639) | $ (2,814,739) |
Loss Allowance for Expected C_6
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Exposures Gross of Impairment Allowances (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 140,115,960 | $ 1,867,184,144 |
Percentage of maximum expose to credit risk | 100% | 100% |
Local government securities and Central Bank of Argentina Bills and Notes [Member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 129,130,464 | $ 1,862,988,325 |
Percentage of maximum expose to credit risk | 92.16% | 99.78% |
Corporate Bonds [Member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 10,320,213 | $ 3,235,550 |
Percentage of maximum expose to credit risk | 7.37% | 0.17% |
Financial Trust [member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 665,139 | $ 960,269 |
Percentage of maximum expose to credit risk | 0.47% | 0.05% |
Other private securities [member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 144 | |
Percentage of maximum expose to credit risk | 0% | |
Impairments Stage 1 [member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 140,115,816 | $ 1,867,184,144 |
Percentage of maximum expose to credit risk | 100% | 100% |
Impairments Stage 1 [member] | Local government securities and Central Bank of Argentina Bills and Notes [Member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 129,130,464 | $ 1,862,988,325 |
Impairments Stage 1 [member] | Corporate Bonds [Member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | 10,320,213 | 3,235,550 |
Impairments Stage 1 [member] | Financial Trust [member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | 665,139 | $ 960,269 |
Impairments Stage 3 [member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | 144 | |
Impairments Stage 3 [member] | Other private securities [member] | ||
Disclosure Of Impairment Loss Allowances Against Loans Of Other Debt [Line Items] | ||
Maximum exposure to credit risk | $ 144 |
Loss Allowance for Expected C_7
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Credit Quality and the Maximum Exposure to Credit Risk based on the Bank's Internal Credit Rating System and Year-end Stage Classification (Detail) - Consumer [member] - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | $ 1,559,122,774 | $ 1,672,753,109 |
Gross carrying amount, ending balance | 1,448,527,653 | 1,559,122,774 |
Expected credit loss allowance, beginning balance | 27,897,896 | 35,400,058 |
Expected credit loss allowance, ending balance | 29,851,763 | 27,897,896 |
Assets originated or purchased [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 1,348,652,878 | 924,601,039 |
Expected credit loss allowance | 16,491,307 | 18,800,723 |
Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (274,307,995) | (312,901,984) |
Expected credit loss allowance | (4,077,021) | (7,410,449) |
Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 421,541,738 | 310,534,770 |
Expected credit loss allowance | 24,940,239 | 6,331,301 |
Amounts Written Off [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (6,586,814) | (8,712,025) |
Expected credit loss allowance | (3,368,015) | (5,528,868) |
Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (1,599,894,928) | (1,027,152,135) |
Expected credit loss allowance | (32,032,643) | (19,694,869) |
Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | 1,493,053,099 | 1,601,779,515 |
Gross carrying amount, ending balance | 1,371,295,220 | 1,493,053,099 |
Expected credit loss allowance, beginning balance | 13,882,539 | 17,023,541 |
Expected credit loss allowance, ending balance | 15,297,451 | 13,882,539 |
Stage 1 [member] | Assets originated or purchased [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 1,288,196,204 | 898,380,301 |
Expected credit loss allowance | 12,741,034 | 15,875,923 |
Stage 1 [member] | Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (264,755,327) | (300,383,490) |
Expected credit loss allowance | (1,748,264) | (3,910,181) |
Stage 1 [member] | Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 396,382,311 | 301,337,667 |
Expected credit loss allowance | 4,045,132 | (1,567,582) |
Stage 1 [member] | Transfers to Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 21,169,524 | 19,195,129 |
Expected credit loss allowance | 1,889,910 | 2,170,916 |
Stage 1 [member] | Transfers to Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (41,248,185) | (31,409,433) |
Expected credit loss allowance | (902,282) | (661,196) |
Stage 1 [member] | Transfers to Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (6,764,857) | (11,503,191) |
Expected credit loss allowance | (192,467) | (5,457,397) |
Stage 1 [member] | Amounts Written Off [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (584,285) | (862,520) |
Expected credit loss allowance | (52,705) | (51,899) |
Stage 1 [member] | Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (1,514,153,264) | (983,480,879) |
Expected credit loss allowance | (14,365,446) | (9,539,586) |
Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | 54,743,452 | 55,595,400 |
Gross carrying amount, ending balance | 64,303,918 | 54,743,452 |
Expected credit loss allowance, beginning balance | 5,640,910 | 6,088,536 |
Expected credit loss allowance, ending balance | 4,595,184 | 5,640,910 |
Stage 2 [member] | Assets originated or purchased [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 60,456,674 | 26,220,738 |
Expected credit loss allowance | 3,750,273 | 2,924,800 |
Stage 2 [member] | Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (7,819,751) | (9,477,785) |
Expected credit loss allowance | (1,046,286) | (1,134,000) |
Stage 2 [member] | Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 11,865,327 | 8,307,509 |
Expected credit loss allowance | 3,699,144 | 2,964,912 |
Stage 2 [member] | Transfers to Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (20,907,154) | (18,802,408) |
Expected credit loss allowance | (1,700,132) | (1,847,672) |
Stage 2 [member] | Transfers to Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 41,506,597 | 31,958,880 |
Expected credit loss allowance | 1,088,669 | 980,554 |
Stage 2 [member] | Transfers to Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (3,434,687) | (2,435,405) |
Expected credit loss allowance | (540,494) | (434,943) |
Stage 2 [member] | Amounts Written Off [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (1,905,495) | (1,609,898) |
Expected credit loss allowance | (408,452) | (357,667) |
Stage 2 [member] | Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (70,201,045) | (35,013,579) |
Expected credit loss allowance | (5,888,448) | (3,543,610) |
Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount, beginning balance | 11,326,223 | 15,378,194 |
Gross carrying amount, ending balance | 12,928,515 | 11,326,223 |
Expected credit loss allowance, beginning balance | 8,374,447 | 12,287,981 |
Expected credit loss allowance, ending balance | 9,959,128 | 8,374,447 |
Stage 3 [member] | Assets derecognized or repaid [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (1,732,917) | (3,040,709) |
Expected credit loss allowance | (1,282,471) | (2,366,268) |
Stage 3 [member] | Variations [Member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 13,294,100 | 889,594 |
Expected credit loss allowance | 17,195,963 | 4,933,971 |
Stage 3 [member] | Transfers to Stage 1 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (262,370) | (392,721) |
Expected credit loss allowance | (189,778) | (323,244) |
Stage 3 [member] | Transfers to Stage 2 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (258,412) | (549,447) |
Expected credit loss allowance | (186,387) | (319,358) |
Stage 3 [member] | Transfers to Stage 3 [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | 10,199,544 | 13,938,596 |
Expected credit loss allowance | 732,961 | 5,892,340 |
Stage 3 [member] | Amounts Written Off [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (4,097,034) | (6,239,607) |
Expected credit loss allowance | (2,906,858) | (5,119,302) |
Stage 3 [member] | Monetary effects [member] | ||
Disclosure of internal credit grades [line items] | ||
Gross carrying amount | (15,540,619) | (8,657,677) |
Expected credit loss allowance | $ (11,778,749) | $ (6,611,673) |
Loss Allowance for Expected C_8
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of carrying amount [Line Items] | ||
Contractual amount outstanding on loans and other facilities written off by bank | $ 29,954,761 | $ 20,246,250 |
Allowance for expected credit losses | (2,176,655) | (2,403,512) |
Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure of carrying amount [Line Items] | ||
Transfers in or out of level3 of fair value hierarchy assets | 0 | 0 |
Transfer to stage one exposure [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit loss allowance | 217,090 | 154,592 |
Transfer to stage two exposure [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Gross carrying amount | (12,819,013) | 18,041,458 |
Transfer to stage three exposure [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Gross carrying amount | 1,949 | 176,509 |
Expected credit loss allowance | 5 | 788 |
Government securities [member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit losses | 55,826 | 90,939 |
Other Financial Assets [member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit losses | 595,276 | 283,507 |
Bank Loan [member] | ||
Disclosure of carrying amount [Line Items] | ||
Loan Portfolio Sales Profits | 417,637 | 528,247 |
Corporate Bonds [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit losses | 11,728 | 1,726 |
Financial Trust [member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit losses | 138 | 751 |
Local Government Securities [member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit losses | 858,814 | 1,040,723 |
Undrawn Commitments Of Credit Cards And checking Accounts [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Allowance for expected credit losses | 1,465,201 | 2,261,759 |
Undrawn Commitments Of Credit Cards And checking Accounts [Member] | Transfer to stage one exposure [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Gross carrying amount | 12,817,064 | 18,217,967 |
Undrawn Commitments Of Credit Cards And checking Accounts [Member] | Transfer to stage two exposure [Member] | ||
Disclosure of carrying amount [Line Items] | ||
Expected credit loss allowance | (217,095) | 155,287 |
Contingent liability for guarantees [member] | ||
Disclosure of carrying amount [Line Items] | ||
Allowance for expected credit losses | 668,613 | 141,526 |
Overdraft and unused agreed commitments [member] | ||
Disclosure of carrying amount [Line Items] | ||
Allowance for expected credit losses | $ 42,841 | $ 227 |
Loss Allowance for Expected C_9
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Detailed Information of Exposures and Gross Carrying Impairment Allowance of Government Securities at Fair Value (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure In Tabular Form Of Exposures Gross Of Impairment Allowances By Stage In Respect Of Government Securities At Fair Value Through Other Comprehensive Income [Line Items] | ||
Impairment losses exposures and gross carrying amount of government securities | $ 291,689,362 | $ 429,468,486 |
Percentage of impairment allowances exposures of government securities gross carry forward | 100% | 100% |
Stage 1 | ||
Disclosure In Tabular Form Of Exposures Gross Of Impairment Allowances By Stage In Respect Of Government Securities At Fair Value Through Other Comprehensive Income [Line Items] | ||
Impairment losses exposures and gross carrying amount of government securities | $ 291,689,362 | $ 429,468,486 |
Percentage of impairment allowances exposures of government securities gross carry forward | 100% | 100% |
Local Government Securities [member] | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure In Tabular Form Of Exposures Gross Of Impairment Allowances By Stage In Respect Of Government Securities At Fair Value Through Other Comprehensive Income [Line Items] | ||
Impairment losses exposures and gross carrying amount of government securities | $ 248,113,739 | $ 406,326,814 |
Percentage of impairment allowances exposures of government securities gross carry forward | 85.06% | 94.61% |
Local Government Securities [member] | Stage 1 | Financial assets at fair value through other comprehensive income, category [member] | ||
Disclosure In Tabular Form Of Exposures Gross Of Impairment Allowances By Stage In Respect Of Government Securities At Fair Value Through Other Comprehensive Income [Line Items] | ||
Impairment losses exposures and gross carrying amount of government securities | $ 248,113,739 | $ 406,326,814 |
Foreign Government securities [member] | ||
Disclosure In Tabular Form Of Exposures Gross Of Impairment Allowances By Stage In Respect Of Government Securities At Fair Value Through Other Comprehensive Income [Line Items] | ||
Impairment losses exposures and gross carrying amount of government securities | $ 43,575,623 | $ 23,141,672 |
Percentage of impairment allowances exposures of government securities gross carry forward | 14.94% | 5.39% |
Foreign Government securities [member] | Stage 1 | ||
Disclosure In Tabular Form Of Exposures Gross Of Impairment Allowances By Stage In Respect Of Government Securities At Fair Value Through Other Comprehensive Income [Line Items] | ||
Impairment losses exposures and gross carrying amount of government securities | $ 43,575,623 | $ 23,141,672 |
Loss Allowance for Expected _10
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Other Financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Other Financial Assets [Line Items] | ||
Impairment losses exposures and gross carrying amount of other financial assets | $ 175,585,670 | $ 166,688,096 |
Percentage of impairment allowances exposures of other financial assets gross carry forward | 100% | 100% |
Stage 1 | ||
Disclosure Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Other Financial Assets [Line Items] | ||
Impairment losses exposures and gross carrying amount of other financial assets | $ 175,585,670 | $ 166,688,096 |
Percentage of impairment allowances exposures of other financial assets gross carry forward | 100% | 100% |
Other Financial Assets [Member] | ||
Disclosure Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Other Financial Assets [Line Items] | ||
Impairment losses exposures and gross carrying amount of other financial assets | $ 175,585,670 | $ 166,688,096 |
Percentage of impairment allowances exposures of other financial assets gross carry forward | 100% | 100% |
Other Financial Assets [Member] | Stage 1 | ||
Disclosure Of Detailed Information Of Exposures And Gross Carrying Impairment Allowance Of Other Financial Assets [Line Items] | ||
Impairment losses exposures and gross carrying amount of other financial assets | $ 175,585,670 | $ 166,688,096 |
Loss Allowance for Expected _11
Loss Allowance for Expected Credit Losses On Credit Exposures Not Measured at Fair Value Through Profit or Loss - Summary of Detailed Information about Contingent Transaction Exposures Gross of Impairment Allowances by Stage (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 1,645,749,167 | $ 2,105,872,032 |
Contingent transaction gross of impairment allowance percentage | 100% | 100% |
Undrawn commitments of credit cards and checking accounts [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 1,384,680,279 | $ 2,083,040,564 |
Contingent transaction gross of impairment allowance percentage | 84.14% | 98.92% |
Guarantees granted [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 184,387,622 | $ 22,333,880 |
Contingent transaction gross of impairment allowance percentage | 11.20% | 1.06% |
Responsibilities for foreign trade operations [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 40,110,366 | |
Contingent transaction gross of impairment allowance percentage | 2.44% | |
Overdraft and unused agreed commitments [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 36,570,900 | $ 497,588 |
Contingent transaction gross of impairment allowance percentage | 2.22% | 0.02% |
Impairments Stage 1 [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 1,635,042,272 | $ 2,072,244,245 |
Contingent transaction gross of impairment allowance percentage | 99.35% | 98.40% |
Impairments Stage 1 [member] | Undrawn commitments of credit cards and checking accounts [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 1,374,006,128 | $ 2,049,412,777 |
Impairments Stage 1 [member] | Guarantees granted [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | 184,387,622 | 22,333,880 |
Impairments Stage 1 [member] | Responsibilities for foreign trade operations [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | 40,110,366 | |
Impairments Stage 1 [member] | Overdraft and unused agreed commitments [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | 36,538,156 | 497,588 |
Impairments Stage 2 [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 10,704,299 | $ 33,623,110 |
Contingent transaction gross of impairment allowance percentage | 0.65% | 1.60% |
Impairments Stage 2 [member] | Undrawn commitments of credit cards and checking accounts [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 10,671,555 | $ 33,623,110 |
Impairments Stage 2 [member] | Overdraft and unused agreed commitments [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | 32,744 | |
Impairments Stage 3 [member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | 2,596 | 4,677 |
Impairments Stage 3 [member] | Undrawn commitments of credit cards and checking accounts [Member] | ||
Disclosure of Detailed Information About Contingent transaction exposures gross of impairment allowances by stage [Line Items] | ||
Contingent transaction gross of impairment allowance | $ 2,596 | $ 4,677 |
Other Debt Securities - Summary
Other Debt Securities - Summary of Other Debt Securities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | $ 291,689,362 | $ 429,468,486 |
Total Other debt securities measured at cost amortized | 139,245,136 | 1,866,140,944 |
Total Other debt securities | 430,934,498 | 2,295,609,430 |
Foreign Government securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 43,575,623 | 23,141,672 |
Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 248,113,739 | 406,326,814 |
Total Other debt securities measured at cost amortized | 95,204,683 | 153,966,835 |
Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 10,973,486 | 4,193,342 |
BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 33,066,967 | 1,670,281,970 |
BCRA notes [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 37,698,797 | |
Other Government securities | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 138,526,949 | |
Other private securities [member] | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 32,893 | 1,068,085 |
Argentine government US dollar bonds 1% - Maturity: 07-09-2029 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 112,536 | |
Argentine government discount bills in pesos adjusted by CER - Maturity: 02-17-2023 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 154,488,695 | |
Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 03-25-2023 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 111,578,472 | |
US Treasury bills - Maturity: 01-10-2024 | Foreign Government securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 23,141,672 | |
Province of Río Negro debt securities in pesos - Maturity: 04-12-2023 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 623,852 | |
Province of Río Negro Treasury bills S02 in pesos - Maturity: 06-15-2023 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 619,698 | |
Other BCRA [Member] | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,670,281,970 | |
BCRA liquidity notes in pesos - Maturity: 01-04-2023 | BCRA notes [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 37,698,797 | |
Corporate bonds Vista Energy Argentina SAU C13 - Maturity: 08-08-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,625,295 | |
Corporate bonds Vista Oil y Gas Argentina SAU C15 Maturity 01202025 [Member] | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,499,962 | |
Level 1 [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities | 288,936,082 | 429,468,486 |
Level 1 [member] | Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 02-14-2025 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 196,595,700 | |
Level 1 [member] | Argentine government Treasury bonds in pesos adjusted by CER 3.75% - Maturity: 04-14-2024 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 33,259,200 | |
Level 1 [member] | Argentine government Treasury bonds in pesos - Maturity: 05-23-2027 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 6,667,968 | |
Total Other debt securities measured at cost amortized | 35,263,806 | 125,065,730 |
Level 1 [member] | Argentine government US dollar step-up bonds - Maturity: 07-09-2030 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 3,757,257 | 1,620,162 |
Level 1 [member] | Argentine government Treasury bonds in pesos BADLAR x 0.7 - Maturity: 11-23-2027 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 2,597,991 | |
Total Other debt securities measured at cost amortized | 13,387,030 | 26,079,046 |
Level 1 [member] | Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 10-14-2024 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 2,200,700 | |
Level 1 [member] | Argentine government US dollar bonds 1% - Maturity: 07-09-2029 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 281,643 | |
Level 1 [member] | US Treasury bills - Maturity: 01-18-2024 | Foreign Government securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 25,810,639 | |
Level 1 [member] | US Treasury bills - Maturity: 01-11-2024 | Foreign Government securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 12,111,378 | |
Level 1 [member] | US Treasury bills - Maturity: 01-09-2024 | Foreign Government securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 5,653,606 | |
Level 1 [member] | Discount bonds in pesos 5.83% - Maturity: 12-31-2033 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,494,782 | $ 1,578,509 |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 10-03-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 10,106,040 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-18-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 7,276,350 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 10-19-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 4,042,417 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-15-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 3,314,782 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 08-06-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 2,263,753 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 08-08-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,940,360 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-13-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,697,815 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-20-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,455,270 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 10-18-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 808,483 | |
Level 1 [member] | BCRA internal bills at benchmark exchange rate - Maturity: 08-03-2024 | BCRA bills [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 161,697 | |
Level 1 [member] | Corporate bonds Vista Energy Argentina SAU C20 - Maturity: 07-20-2025 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 2,579,153 | |
Level 1 [member] | Corporate bonds Vista Energy Argentina SAU C13 - Maturity: 08-08-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 2,379,207 | |
Level 1 [member] | Corporate bonds MSU SA C06 – Maturity: 11-02-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 811,502 | |
Level 2 [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities | 2,753,280 | |
Level 2 [member] | Argentine government Treasury bonds in pesos - Maturity: 08-23-2025 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at fair value through other comprehensive income | 2,753,280 | |
Total Other debt securities measured at cost amortized | 44,954,504 | |
Level 2 [member] | Province of Río Negro Treasury bills S03 - Maturity: 06-14-2024 | Local Government Securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 104,561 | |
Level 2 [member] | Corporate bonds Vista Oil y Gas Argentina SAU C15 Maturity 01202025 [Member] | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 2,194,824 | |
Level 2 [member] | Corporate bonds Volkswagen Financial Services C010 – Maturity: 10-12-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 1,923,729 | |
Level 2 [member] | Fiduciary debt securities Confibono Financial Trust S73 Class A - Maturity: 05-20-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 474,426 | |
Level 2 [member] | Corporate bonds SME Liliana SRL Guaranteed S01 – Maturity: 04-18-2025 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 420,072 | |
Level 2 [member] | Fiduciary debt securities Secubono Financial Trust S230 Class A - Maturity: 06-28-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 77,380 | |
Level 2 [member] | Fiduciary debt securities Moni Mobile Financial Trust S09 Class A - Maturity: 09-16-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | 55,448 | |
Level 2 [member] | Fiduciary debt securities Supercanal II Financial Trust Class A - Maturity: 03-21-2024 | Private securities [member] | ||
Disclosure of other debt securities at fair value through profit or loss [line items] | ||
Total Other debt securities measured at cost amortized | $ 24,852 |
Other Debt Securities - Summa_2
Other Debt Securities - Summary of Other Debt Securities (Parenthetical) (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 ARS ($) | |
Letters of National Estate in pesos adjusted by CER – Maturity: 02-17-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt instrument face value | $ 20,900,000,000 |
Letters of National Estate in pesos adjusted by CER – Maturity: 01-20-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt instrument face value | 290,000,000 |
Letters of National Estate in pesos to discount – Maturity: 02-28-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt instrument face value | 12,893,000,000 |
Letters of National treasury in pesos to discount – Maturity: 06-30-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt instrument face value | 26,640,975,851 |
Letters of National Estate in pesos adjusted by CER – Maturity: 06-16-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt instrument face value | 4,516,000,000 |
Letters of National Estate in pesos adjusted by CER – Maturity: 05-19-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt instrument face value | $ 1,759,369,713 |
Corporate bonds Vista Energy Argentina SAU C20 - Maturity: 07-20-2025 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 07-20-2025 |
Corporate bonds Vista Energy Argentina SAU C13 - Maturity: 08-08-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 08-08-2024 |
Corporate bonds Vista Oil y Gas Argentina SAU C15 -Maturity: 01-20-2025 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 01-20-2025 |
Corporate bonds Volkswagen Financial Services C010 – Maturity: 10-12-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 10-12-2024 |
Corporate bonds MSU SA C06 – Maturity: 11-02-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 11-02-2024 |
Fiduciary debt securities Confibono Financial Trust S73 Class A - Maturity: 05-20-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 05-20-2024 |
Corporate bonds SME Liliana SRL Guaranteed S01 – Maturity: 04-18-2025 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 04-18-2025 |
Fiduciary debt securities Secubono Financial Trust S230 Class A - Maturity: 06-28-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 06-28-2024 |
Fiduciary debt securities Moni Mobile Financial Trust S09 Class A - Maturity: 09-16-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 09-16-2024 |
Fiduciary debt securities Supercanal II Financial Trust Class A - Maturity: 03-21-2024 | Private Securities [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 03-21-2024 |
Foreign Government securities [member] | US Treasury bills - Maturity: 01-18-2024 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 01-18-2024 |
Foreign Government securities [member] | US Treasury bills - Maturity: 01-11-2024 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 01-11-2024 |
Foreign Government securities [member] | US Treasury bills - Maturity: 01-09-2024 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 01-09-2024 |
Foreign Government securities [member] | US Treasury bills - Maturity: 01-10-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 01-10-2024 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 02-14-2025 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 02-14-2025 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos adjusted by CER 3.75% - Maturity: 04-14-2024 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 04-14-2024 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos - Maturity: 05-23-2027 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 05-23-2027 |
Local Government Securities [member] | Argentine government US dollar step-up bonds - Maturity: 07-09-2030 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 07-09-2030 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos - Maturity: 08-23-2025 | Level 2 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 08-23-2025 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos BADLAR x 0.7 - Maturity: 11-23-2027 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 11-23-2027 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos adjusted by CER 4.25% - Maturity: 10-14-2024 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 10-14-2024 |
Local Government Securities [member] | Argentine government US dollar bonds 1% - Maturity: 07-09-2029 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 07-09-2029 |
Local Government Securities [member] | Argentine government discount bills in pesos adjusted by CER - Maturity: 02-17-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 02-17-2023 |
Local Government Securities [member] | Argentine government Treasury bonds in pesos adjusted by CER - Maturity: 03-25-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 03-25-2023 |
Local Government Securities [member] | Discount bonds in pesos 5.83% - Maturity: 12-31-2033 | Level 1 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 12-31-2033 |
Local Government Securities [member] | Province of Río Negro Treasury bills S03 - Maturity: 06-14-2024 | Level 2 [member] | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 06-14-2024 |
Local Government Securities [member] | Province of Río Negro debt securities in pesos - Maturity: 04-12-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 04-12-2023 |
Local Government Securities [member] | Province of Río Negro Treasury bills S02 in pesos - Maturity: 06-15-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 06-15-2023 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 10-03-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 10-03-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-18-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 11-18-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 10-19-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 10-19-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-15-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 11-15-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 08-06-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 08-06-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 08-08-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 08-08-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-13-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 11-13-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 11-20-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 11-20-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 10-18-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 10-18-2024 |
BCRA bills [member] | BCRA internal bills at benchmark exchange rate - Maturity: 08-03-2024 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 08-03-2024 |
BCRA notes [member] | BCRA liquidity notes in pesos - Maturity: 01-04-2023 | |
Disclosure of other debt securities at fair value through profit or loss [line items] | |
Debt securities measured at fair value through other comprehensive income, maturity date | 01-04-2023 |
Other Debt Securities - Additio
Other Debt Securities - Additional Information (Detail) - Government Securities [member] - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of other debt securities at fair value through other comprehensive income [line items] | ||
Unrealised Gain | $ 32,419,342 | $ 1,710,802 |
Unrealised Loss | $ 3,051,207 | $ 2,955,194 |
Financial Assets Delivered as_3
Financial Assets Delivered as Guarantee - Summary of Financial Assets Delivered as Guarantee (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of financial assets [line items] | ||
Guaranteed financial assets | $ 132,891,084 | $ 95,353,885 |
For transactions with the BCRA [member] | ||
Disclosure of financial assets [line items] | ||
Guaranteed financial assets | 68,117,546 | 77,305,535 |
For guarantee deposits [member] | ||
Disclosure of financial assets [line items] | ||
Guaranteed financial assets | 34,326,813 | $ 18,048,350 |
For repurchase agreements [Member] | ||
Disclosure of financial assets [line items] | ||
Guaranteed financial assets | $ 30,446,725 |
Equity Instruments at Fair Va_3
Equity Instruments at Fair Value Through Profit or Loss. Prisma Medios De Pago Sa - Summary of Equity Instruments at Fair Value Through Profit or Loss (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | $ 3,213,841 | $ 2,614,136 |
TOTAL EQUITY INSTRUMENTS | 3,213,841 | 2,614,136 |
Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 2,869,833 | 2,117,754 |
Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 344,008 | 496,382 |
Other [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 1,303 | 230,000 |
Other [member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 19,718 | |
Cedear Exxon Mob [Member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 106,082 | |
Cedear Berkshire Hathaway Inc [Member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 89,156 | |
Cedear Bioceres Crop Solutions Corp. [member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 11,126 | |
Cedear McDonald [Member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 67,049 | |
Cedear Unitedhealth Group Inc. [member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 8,144 | |
Level 3 [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 2,077,832 | 2,133,089 |
Level 3 [member] | Mercado Abierto Electrnico SA [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 1,669,450 | 1,440,372 |
Level 3 [member] | C.O.E.L.S.A. [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 242,424 | 272,678 |
Level 3 [member] | AC Inversora SA [Member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 39,182 | 60,983 |
Level 3 [member] | SEDESA [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 37,638 | 66,301 |
Level 3 [member] | Mercado a Término Rosario SA [Member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 44,978 | |
Level 3 [member] | Provincanje SA [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 15,290 | 45,173 |
Level 3 [member] | Acindar SA [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 1,445 | |
Level 3 [member] | Sociedad de Telecomunicaciones Financieras Interbancarias Mundiales [member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 26,122 | 17,582 |
Level 1 [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 1,136,009 | 481,047 |
Level 1 [member] | Matba Rofex SA [member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 814,957 | |
Level 1 [member] | Pampa Energa SA [Member] | Local [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 3,166 | 2,247 |
Level 1 [member] | Banco Latinoamericano de Comercio Exterior SA [member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 146,084 | 65,260 |
Level 1 [member] | Cedear Vista Oil Gas [Member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 125,423 | 45,811 |
Level 1 [member] | Cedear Pepsico [Member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | 40,694 | 58,498 |
Level 1 [member] | Cedear Thermo Fisher Scientific Inc. [member] | Foreign [member] | ||
Disclosure of equity instruments at fair value through profit or loss [line items] | ||
Equity instruments at fair value through profit or loss | $ 5,685 | $ 7,956 |
Equity Instruments at Fair Va_4
Equity Instruments at Fair Value Through Profit or Loss. Prisma Medios De Pago Sa - Additional Information (Detail) $ in Thousands | Mar. 30, 2022 | Mar. 18, 2022 USD ($) | Jul. 31, 2019 USD ($) | Feb. 01, 2019 USD ($) | Jan. 21, 2019 $ / shares shares | Oct. 01, 2021 |
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of balance outstanding to be paid in pesos at UVA | 30% | |||||
Ordinary shares [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Total selling price of the shares | $ 33,018 | |||||
Major ordinary share transactions [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Estimated total purchase price | $ 64,542 | |||||
Amount received during transfer | 38,311 | |||||
Balance amount after transfer | $ 26,231 | |||||
Transfer of shares, deferred | 5 years | |||||
Major ordinary share transactions [member] | Ordinary shares [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Common shares | shares | 1,933,051 | |||||
Par value | $ / shares | $ 1 | |||||
Percentage of share capital | 4.6775% | |||||
Percentage of capital stock | 51% | |||||
Major ordinary share transactions [member] | ARS | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of nominal annual rate | 15% | |||||
Major ordinary share transactions [member] | ARS | March 18, 2027 | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of shares transferred for which consideration included dividend to be received | 50% | |||||
Major ordinary share transactions [member] | ARS | March 18, 2028 | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of shares transferred for which consideration included dividend to be received | 50% | |||||
Major ordinary share transactions [member] | USD | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of balance outstanding to be paid | 70% | |||||
Percentage of nominal annual rate | 10% | |||||
Major ordinary share transactions [member] | USD | March 18, 2027 | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of shares transferred for which consideration included dividend to be received | 50% | |||||
Major ordinary share transactions [member] | USD | March 18, 2028 | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of shares transferred for which consideration included dividend to be received | 50% | |||||
Prisma Medios de Pagos SA [member] | Discontinued operations [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Total selling price of the shares | $ 63,456 | |||||
Prisma Medios de Pagos SA [member] | Major ordinary share transactions [member] | 2026 [Member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Period Of Transfer Shares Payment | 2026 years | |||||
Prisma Medios de Pagos SA [member] | Major ordinary share transactions [member] | 2027 [Member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Period Of Transfer Shares Payment | 2027 years | |||||
Prisma Medios de Pagos SA [member] | Major ordinary share transactions [member] | AI ZENITH Netherlands BV [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage Of Capital Stock Sold | 49% | |||||
Prisma Medios de Pagos SA [member] | Disposal Of Shares [Member] | AI ZENITH Netherlands BV [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage Of Capital Stock Sold | 4.4941% | |||||
Prisma Medios de Pagos SA [member] | Disposal Of Shares [Member] | AI ZENITH Netherlands BV [member] | Payment Received As A Result Of Share Transfer [Member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage of share capital | 40% | |||||
Percentage of capital stock | 51% | |||||
Prisma Medios de Pagos SA [member] | Disposal Of Shares And Rights To Dividends Retention [Member] | AI ZENITH Netherlands BV [member] | ||||||
Disclosure of fair value measurement of assets [line items] | ||||||
Percentage Of Capital Stock Transferred | 100% |
Fair Value Quantitative and Q_3
Fair Value Quantitative and Qualitative Disclosure - Summary of Fair Value Measurement of Asset and Liability (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
FINANCIAL ASSETS | ||||
Cash and deposits in banks | $ 1,384,477,811 | $ 2,335,331,915 | $ 1,880,049,576 | $ 2,413,599,952 |
Debt securities at fair value through profit or loss | 1,752,113,837 | 657,238,645 | ||
Derivative financial instruments | 13,143,270 | 133,591 | ||
Repo transactions | 615,582,382 | 192,852,624 | ||
Other financial assets | 201,381,389 | 180,443,674 | ||
Other debt securities | 430,934,498 | 2,295,609,430 | ||
Financial assets delivered as guarantee | 132,891,084 | 95,353,885 | ||
Equity instruments at fair value through profit or loss | 3,213,841 | 2,614,136 | ||
FINANCIAL LIABILITIES | ||||
Deposits | 3,162,954,509 | 3,686,410,583 | ||
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Derivative financial instruments | 2,837,879 | 7,382 | ||
Repo transactions | 23,601,328 | 0 | ||
Other financial liabilities | 374,491,943 | 420,684,684 | ||
Financing received from Central Bank and other financial institutions | 19,821,151 | 7,697,066 | ||
Issued corporate bonds | 61,677,150 | 8,683,385 | ||
Subordinated corporate bonds | 386,937,258 | 278,813,804 | ||
Total financial liabilities | 4,373,867,889 | 4,838,581,282 | ||
Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Other financial liabilities | 374,491,943 | 420,684,684 | ||
Financing received from Central Bank and other financial institutions | 19,799,011 | 7,627,436 | ||
Issued corporate bonds | 58,864,013 | 8,456,451 | ||
Subordinated corporate bonds | 328,227,793 | 224,617,825 | ||
Total financial liabilities | 4,175,224,698 | 4,695,345,662 | ||
Financial liabilities mandatorily measured at fair value through profit or loss [member] | ||||
FINANCIAL LIABILITIES | ||||
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Derivative financial instruments | 2,837,879 | 7,382 | ||
Total financial liabilities | 16,663,354 | 1,645,470 | ||
Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Other financial assets | 174,990,394 | 166,404,589 | ||
Other debt securities | 139,245,136 | 1,866,140,944 | ||
Financial assets delivered as guarantee | 107,662,222 | 95,353,885 | ||
Total financial assets | 4,074,243,082 | 4,963,637,430 | ||
Fair value with changes in other comprehensive income [member] | ||||
FINANCIAL ASSETS | ||||
Other debt securities | 291,689,362 | 429,468,486 | ||
Total financial assets | 291,689,362 | 429,468,486 | ||
Fair value with changes in P/L obligatory measure [member] | ||||
FINANCIAL ASSETS | ||||
Debt securities at fair value through profit or loss | 1,752,113,837 | 657,238,645 | ||
Derivative financial instruments | 13,143,270 | 133,591 | ||
Other financial assets | 26,390,995 | 14,039,085 | ||
Financial assets delivered as guarantee | 25,228,862 | |||
Equity instruments at fair value through profit or loss | 3,213,841 | 2,614,136 | ||
Total financial assets | 1,820,090,805 | 674,025,457 | ||
From the non-financial government sector [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Deposits | 187,100,670 | 342,399,722 | ||
From the financial sector [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Deposits | 20,185,431 | 5,148,961 | ||
From the non-financial private sector and foreign residents - Checking accounts [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Deposits | 509,621,461 | 495,523,560 | ||
From the non-financial private sector and foreign residents - Savings accounts [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Deposits | 1,430,030,343 | 1,307,102,600 | ||
From the non-financial private sector and foreign residents - Time deposits and investment accounts [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Deposits | 1,048,237,134 | 1,771,977,942 | ||
From the non-financial private sector and foreign residents - Other [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Deposits | 175,065,571 | 111,806,481 | ||
Other financial entities [member] | Financial liabilities at amortised cost, category [member] | ||||
FINANCIAL LIABILITIES | ||||
Repo transactions | 23,601,328 | |||
Cash [member | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Cash and deposits in banks | 397,357,431 | 85,987,793 | ||
Financial institutions [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Cash and deposits in banks | 805,691,627 | 692,771,013 | ||
Other [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Cash and deposits in banks | 56,037 | 37,738 | ||
BCRA [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Repo transactions | 615,582,382 | 192,852,624 | ||
To the non-financial government sector [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 4,715,710 | 6,872,050 | ||
Other financial institutions [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 9,965,075 | 2,887,593 | ||
To the non-financial private sector and foreign residents - Overdrafts [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 287,899,182 | 153,368,437 | ||
To the non-financial private sector and foreign residents - Documents [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 338,338,841 | 254,649,736 | ||
To the non-financial private sector and foreign residents - Mortgage loans [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 165,128,338 | 192,779,725 | ||
To the non-financial private sector and foreign residents - Pledge loans [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 28,127,344 | 29,836,828 | ||
To the non-financial private sector and foreign residents - Personal loans [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 238,271,939 | 443,848,226 | ||
To the non-financial private sector and foreign residents - Credit cards [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 484,769,569 | 594,100,838 | ||
To the non-financial private sector and foreign residents - Financial leases [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 9,488,598 | 4,318,607 | ||
To the non-financial private sector and foreign residents - Other [member] | Amortized cost [member] | ||||
FINANCIAL ASSETS | ||||
Loans and other financing | 266,953,257 | 181,426,804 | ||
Level 1 [member] | ||||
FINANCIAL ASSETS | ||||
Debt securities at fair value through profit or loss | 1,731,451,370 | 643,243,336 | ||
Derivative financial instruments | 656 | 59,768 | ||
Repo transactions | 615,582,382 | 192,852,627 | ||
Other financial assets | 26,327,594 | 13,885,203 | ||
Other debt securities | 288,936,082 | 429,468,486 | ||
Financial assets delivered as guarantee | 25,228,862 | |||
Equity instruments at fair value through profit or loss | 1,136,009 | 481,047 | ||
Total financial assets | 2,073,080,573 | 1,087,137,840 | ||
FINANCIAL LIABILITIES | ||||
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Derivative financial instruments | 40,390 | 7,382 | ||
Other financial liabilities | 362,362,512 | 407,263,472 | ||
Total financial liabilities | 13,865,865 | 1,645,470 | ||
Level 2 [member] | ||||
FINANCIAL ASSETS | ||||
Debt securities at fair value through profit or loss | 20,655,451 | 10,782,004 | ||
Derivative financial instruments | 13,142,614 | 73,823 | ||
Other debt securities | 2,753,280 | |||
Total financial assets | 36,551,345 | 10,855,827 | ||
FINANCIAL LIABILITIES | ||||
Derivative financial instruments | 2,797,489 | |||
Other financial liabilities | 11,631,954 | 13,614,443 | ||
Total financial liabilities | 2,797,489 | |||
Level 3 [member] | ||||
FINANCIAL ASSETS | ||||
Debt securities at fair value through profit or loss | 7,016 | 3,213,305 | ||
Other financial assets | 63,401 | 153,882 | ||
Equity instruments at fair value through profit or loss | 2,077,832 | 2,133,089 | ||
Total financial assets | $ 2,148,249 | $ 5,500,276 |
Fair Value Quantitative and Q_4
Fair Value Quantitative and Qualitative Disclosures - Summary of Financial Assets and Liabilities Recognized at Fair Value using the Valuation Technique (Detail) - Level 3 [member] - Equity instruments at fair value through profit or loss [member] - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Fair Value Measurement Of Financial Assets And Liabilities Disaggregated By Valuation Technique [line items] | ||
Amount at the beginning | $ 2,133,089 | $ 12,811,441 |
Transfers from level 3 | (140,628) | |
Profit and loss | 2,250,161 | 11,198 |
Recognition and derecognition | 25,082 | (7,810,219) |
Monetary effects | (2,189,872) | (2,879,331) |
Amount at end of the fiscal year | 2,077,832 | 2,133,089 |
Debt securities [member] | ||
Disclosure Of Fair Value Measurement Of Financial Assets And Liabilities Disaggregated By Valuation Technique [line items] | ||
Amount at the beginning | 3,213,305 | 6,774,234 |
Profit and loss | 2,331,940 | 2,277,140 |
Recognition and derecognition | (3,455,281) | (2,497,377) |
Monetary effects | (2,082,948) | (3,340,692) |
Amount at end of the fiscal year | 7,016 | 3,213,305 |
Other Financial Assets1 [member] | ||
Disclosure Of Fair Value Measurement Of Financial Assets And Liabilities Disaggregated By Valuation Technique [line items] | ||
Amount at the beginning | 153,882 | 188,174 |
Profit and loss | 37,262 | 15,770 |
Recognition and derecognition | 65,586 | |
Monetary effects | (127,743) | (115,648) |
Amount at end of the fiscal year | $ 63,401 | $ 153,882 |
Fair Value Quantitative and Q_5
Fair Value Quantitative and Qualitative Disclosures - Summary of Comparison Between the Fair Value and the Carrying Amount of Financial Instruments (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
FINANCIAL ASSETS | |||
Cash and deposits in banks | $ 1,203,105,095 | $ 778,796,544 | $ 1,045,370,900 |
Repo transactions | 615,582,382 | 192,852,624 | |
Other financial assets | 174,990,394 | 166,404,589 | |
Loans and other financing | 1,833,657,853 | 1,864,088,844 | |
Other debt securities | 139,245,136 | 1,866,140,944 | |
Financial assets delivered as guarantee | 107,662,222 | 95,353,885 | |
Financial assets | 4,074,243,082 | 4,963,637,430 | |
Financial liabilities | |||
Deposits | 3,370,240,610 | 4,033,959,266 | |
Repo transactions | 23,601,328 | ||
Other financial liabilities | 374,491,943 | 420,684,684 | |
Financing received from the BCRA and other financial institutions | 19,799,011 | 7,627,436 | |
Issued corporate bonds | 58,864,013 | 8,456,451 | |
Subordinated corporate bonds | 328,227,793 | 224,617,825 | |
Financial liabilities | 4,175,224,698 | 4,695,345,662 | |
Level 1 [member] | |||
FINANCIAL ASSETS | |||
Cash and deposits in banks | 1,203,105,095 | 778,796,552 | |
Repo transactions | 615,582,382 | 192,852,627 | |
Other financial assets | 174,990,394 | 166,404,589 | |
Other debt securities | 92,032,365 | 1,593,543,746 | |
Financial assets delivered as guarantee | 107,662,222 | 95,353,886 | |
Financial assets | 2,193,372,458 | 2,826,951,400 | |
Financial liabilities | |||
Deposits | 2,091,506,221 | 2,021,273,290 | |
Repo transactions | 23,601,328 | ||
Other financial liabilities | 362,362,512 | 407,263,472 | |
Financing received from the BCRA and other financial institutions | 7,807,601 | 7,418,200 | |
Financial liabilities | 2,485,277,662 | 2,435,954,962 | |
Level 2 [member] | |||
FINANCIAL ASSETS | |||
Other debt securities | 55,565,564 | 257,439,650 | |
Financial assets | 55,565,564 | 257,439,650 | |
Financial liabilities | |||
Other financial liabilities | 11,631,954 | 13,614,443 | |
Financing received from the BCRA and other financial institutions | 6,142,257 | 161,817 | |
Issued corporate bonds | 59,650,007 | 8,216,649 | |
Subordinated corporate bonds | 277,875,886 | 183,155,754 | |
Financial liabilities | 355,300,104 | 205,148,663 | |
Level 3 [member] | |||
FINANCIAL ASSETS | |||
Loans and other financing | 1,612,236,333 | 1,625,360,056 | |
Other debt securities | 299,898 | ||
Financial assets | 1,612,236,333 | 1,625,659,954 | |
Financial liabilities | |||
Deposits | 1,280,298,042 | 2,009,393,334 | |
Financial liabilities | 1,280,298,042 | 2,009,393,334 | |
At fair value [member] | |||
FINANCIAL ASSETS | |||
Cash and deposits in banks | 1,203,105,095 | 778,796,552 | |
Repo transactions | 615,582,382 | 192,852,627 | |
Other financial assets | 174,990,394 | 166,404,589 | |
Loans and other financing | 1,612,236,333 | 1,625,360,056 | |
Other debt securities | 147,597,929 | 1,851,283,294 | |
Financial assets delivered as guarantee | 107,662,222 | 95,353,886 | |
Financial assets | 3,861,174,355 | 4,710,051,004 | |
Financial liabilities | |||
Deposits | 3,371,804,263 | 4,030,666,624 | |
Repo transactions | 23,601,328 | ||
Other financial liabilities | 373,994,466 | 420,877,915 | |
Financing received from the BCRA and other financial institutions | 13,949,858 | 7,580,017 | |
Issued corporate bonds | 59,650,007 | 8,216,649 | |
Subordinated corporate bonds | 277,875,886 | 183,155,754 | |
Financial liabilities | $ 4,120,875,808 | $ 4,650,496,959 |
Business Combinations - Summary
Business Combinations - Summary of fair value of Identifiable assets acquired and liabilities assumed (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about business combination [line items] | ||
Financial assets delivered as guarantee | $ 132,891,084 | $ 95,353,885 |
Banco BMA SAU [Member] | ||
Disclosure of detailed information about business combination [line items] | ||
Cash and deposits in banks | 160,975,229 | |
Debt securities at fair value through profit or loss | 51,232,686 | |
Derivative financial instruments | 22,198,599 | |
Repo transactions | 255,552,986 | |
Other financial assets | 16,610,423 | |
Loans and other financing | 290,578,416 | |
Other debt securities | 68,697,853 | |
Financial assets delivered as guarantee | 40,705,395 | |
Current income tax assets | 203,976 | |
Equity instruments at fair value through profit or loss | 190,362 | |
Investments in associates and joint arrangements | 9,599,589 | |
Property, plant and equipment | 37,443,475 | |
Intangible assets | 21,298,818 | |
Deferred income tax assets | 18,763,919 | |
Other non-financial assets | 7,400,772 | |
Non-current assets held for sale | 12,974,758 | |
Assets recognized as of acquisition date | 1,014,427,256 | |
Deposits | 675,034,941 | |
Liabilities at fair value through profit or loss | 20,346,543 | |
Derivative financial instruments | 8,578,570 | |
Other financial liabilities | 19,082,094 | |
Financing received from the Central Bank of Argentina and other financial institutions | 10,666,322 | |
Issued corporate bonds | 5,920,878 | |
Current income tax liabilities | 20,058,160 | |
Provisions | 2,983,960 | |
Deferred income tax liabilities | 17,707,310 | |
Other non-financial liabilities | 54,821,380 | |
Liabilities recognized as of acquisition date | 835,200,158 | |
Net assets acquired at fair value | 179,227,098 | |
Macro Agro SAU [Member] | ||
Disclosure of detailed information about business combination [line items] | ||
Cash and deposits in banks | 47,782 | |
Debt securities at fair value through profit or loss | 986,466 | |
Other financial assets | 7,393,142 | |
Loans and other financing | 138,047 | |
Financial assets delivered as guarantee | 1,899,588 | |
Property, plant and equipment | 133,492 | |
Intangible assets | 29,675 | |
Other non-financial assets | 109,667 | |
Assets recognized as of acquisition date | 10,737,859 | |
Other financial liabilities | 7,325,831 | |
Current income tax liabilities | 124,492 | |
Provisions | 20,666 | |
Deferred income tax liabilities | 147,107 | |
Other non-financial liabilities | 2,036,240 | |
Liabilities recognized as of acquisition date | 9,654,336 | |
Net assets acquired at fair value | $ 1,083,523 |
Business Combinations - Additio
Business Combinations - Additional Information (Detail) $ in Thousands | 2 Months Ended | 12 Months Ended | ||||||
Sep. 29, 2023 USD ($) | Sep. 29, 2023 ARS ($) | May 18, 2023 USD ($) | Dec. 31, 2023 ARS ($) | Dec. 31, 2023 ARS ($) | Nov. 03, 2023 USD ($) | Nov. 02, 2023 shares | Aug. 23, 2023 | |
Disclosure of detailed information about business combination [line items] | ||||||||
Cash transferred on acquisition | $ 5,218,800,000 | |||||||
Banco Itau Argentina SA iItau Asset Management SA And Itau Valores SA [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Cash transferred on acquisition | $ 50,000,000,000 | |||||||
Profit of acquiree since acquisition date | $ 31,910,373 | |||||||
Proforma net income loss combined | $ 593,275,103 | |||||||
Gain recognized in bargain transaction | 156,768,122 | |||||||
Intangible core deposit recognized at acquisition | 5,184,785 | 5,184,785 | ||||||
Macro Agro SAU [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Goodwill recognised as of acquisition date | 339,958 | 339,958 | ||||||
Business combination percentage of ownership interests acquired | 100% | |||||||
Acquisition date fair value of consideration transferred | $ 5,218,800,000 | |||||||
Percentage of dividend rights assignable or assigned | 100% | |||||||
Liabilities discounted to present value | $ 2,973,375,000 | |||||||
Dividend received classified as investing activities | $ 440,000 | |||||||
Decrease in consideration payable to acquiree | $ 558,651,700 | |||||||
Instalment amount term within which the same shall be settled | 15 days | |||||||
Banco Macro SA [member] | Banco Itau Argentina SA iItau Asset Management SA And Itau Valores SA [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 100% | |||||||
Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 100% | |||||||
Banco Itau Argentina SA [member] | Itau Asset Management SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 87% | |||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 80,000 | |||||||
Banco Itau Argentina SA [member] | Itau Valores SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 87% | |||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 45,604,965 | |||||||
Interest Income [member] | Banco Itau Argentina SA iItau Asset Management SA And Itau Valores SA [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Revenue of acquiree since acquistion date | 73,462,184 | |||||||
Business acquistion combined proforma revenue | 2,827,353,743 | |||||||
Commission Income [member] | Banco Itau Argentina SA iItau Asset Management SA And Itau Valores SA [Member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Revenue of acquiree since acquistion date | $ 4,006,913 | |||||||
Business acquistion combined proforma revenue | $ 263,605,335 | |||||||
ITAU Uni Banco SA [member] | Itau Asset Management SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 13% | |||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 11,950 | |||||||
ITAU Uni Banco SA [member] | Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 98.99573% | |||||||
Itau BBA SA [member] | Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 1.00427% | |||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 7,469,046 | |||||||
ITAU Consultoria De Valores Mobilarios e Participacoes SA [Member] | Itau Valores SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Business combination percentage of ownership interests acquired | 13% | |||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 6,814,535 | |||||||
Ordinary shares [member] | Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 729,166,165 | |||||||
Ordinary shares [member] | ITAU Uni Banco SA [member] | Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 721,697,119 | |||||||
Preference shares [member] | Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 14,565,089 | |||||||
Preference shares [member] | ITAU Uni Banco SA [member] | Banco Itau Argentina SA [member] | ||||||||
Disclosure of detailed information about business combination [line items] | ||||||||
Shares in entity held by entity or by its subsidiaries or associates | shares | 14,565,089 |
Investments in Associates and_3
Investments in Associates and Joint Arrangements - Summarized Financial Information on the Bank's Investment in Associate (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||||
Disclosure of associates [line items] | ||||||
Profit (Loss) for the fiscal year | $ 587,675,141 | $ 126,972,326 | $ 138,749,520 | |||
Macro Warrants SA [member] | ||||||
Disclosure of associates [line items] | ||||||
Proportional Bank's interest | 5% | |||||
Financial position | $ 11,581 | 17,327 | ||||
Profit (Loss) for the fiscal year | $ (5,746) | [1] | (5,048) | [2] | ||
Play Digital SA [Member] | ||||||
Disclosure of associates [line items] | ||||||
Proportional Bank's interest | 9.4543% | |||||
Financial position | $ 747,460 | 1,317,126 | ||||
Profit (Loss) for the fiscal year | $ (1,521,734) | [1] | $ (1,289,561) | [2] | ||
Alianza SGR [Member] | ||||||
Disclosure of associates [line items] | ||||||
Proportional Bank's interest | 24.98% | |||||
Financial position | $ 3,010 | |||||
Profit (Loss) for the fiscal year | [1] | $ (88,831) | ||||
[1]The existence of significant influence is evidenced by the representation the Bank has in the Board of Directors of this associate.[2]This associate’s accounting information as of September 30, 2023, has been used to measure the investment. Additionally, significant transactions conducted or events that occurred between October 1, 2023 and December 31, 2023, have been considered. |
Investments in Associates and_4
Investments in Associates and Joint Arrangements - Summarized Financial Information on the Bank's Investment (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of joint ventures [line items] | |||
Net Income for the fiscal year | $ 587,675,141 | $ 126,972,326 | $ 138,749,520 |
Banco Macro SA Bizland SAU Union Transitoria [Member] | |||
Disclosure of joint ventures [line items] | |||
Proportional Bank's interest | 50% | ||
Financial position | $ 828,510 | 2,001,551 | |
Net Income for the fiscal year | $ 514,407 | 1,005,610 | |
Finova SA [Member] | |||
Disclosure of joint ventures [line items] | |||
Proportional Bank's interest | 50% | ||
Financial position | $ 94,550 | 219,021 | |
Net Income for the fiscal year | $ (124,470) | $ (39,119) |
Property, Plant and Equipment -
Property, Plant and Equipment - Summary of Changes in Property, Plant and Equipment (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 317,211,464 | |
Ending balance | 356,787,386 | $ 317,211,464 |
Real property [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 261,181,937 | |
Ending balance | 284,676,311 | 261,181,937 |
Furniture and facilities [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 22,697,333 | |
Ending balance | 25,552,560 | 22,697,333 |
Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 19,095,639 | |
Ending balance | 24,452,307 | 19,095,639 |
Vehicles [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,848,370 | |
Ending balance | 3,263,647 | 1,848,370 |
Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,559 | |
Ending balance | 75,960 | 1,559 |
Work in progress [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 4,037,144 | |
Ending balance | 8,546,667 | 4,037,144 |
Right of use real property [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 8,349,482 | |
Ending balance | 8,156,799 | 8,349,482 |
Right of use furniture [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Ending balance | 2,063,135 | |
Cost [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 447,629,982 | 428,521,509 |
Increases | 29,798,285 | 22,219,172 |
Acquisitions through business combination | 91,983,870 | |
Decreases | 9,507,855 | 1,252,260 |
Transfers | (1,023,238) | (1,868,943) |
Difference for conversion | 98,593 | 10,504 |
Ending balance | 447,629,982 | |
Cost [member] | Real property [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 296,471,464 | $ 290,736,623 |
Total life estimated in years | 50 years | 50 years |
Increases | $ 1,698,607 | $ 1,854,495 |
Acquisitions through business combination | 37,387,065 | |
Decreases | 169,694 | 380,457 |
Transfers | 1,333,037 | 4,260,803 |
Ending balance | 296,471,464 | |
Cost [member] | Furniture and facilities [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 46,034,760 | $ 40,106,711 |
Total life estimated in years | 10 years | 10 years |
Increases | $ 1,636,743 | $ 1,288,068 |
Acquisitions through business combination | 10,349,070 | |
Decreases | 146,844 | 5,163 |
Transfers | 1,790,289 | 4,645,706 |
Difference for conversion | 497 | (562) |
Ending balance | 46,034,760 | |
Cost [member] | Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 66,838,838 | $ 57,044,080 |
Total life estimated in years | 5 years | 5 years |
Increases | $ 8,754,727 | $ 6,536,319 |
Acquisitions through business combination | 28,867,455 | |
Decreases | 6,865,320 | 17,433 |
Transfers | 358,865 | 3,276,434 |
Difference for conversion | 31,688 | (562) |
Ending balance | 66,838,838 | |
Cost [member] | Vehicles [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 8,952,891 | $ 8,105,932 |
Total life estimated in years | 5 years | 5 years |
Increases | $ 2,639,490 | $ 1,401,175 |
Acquisitions through business combination | 355,138 | |
Decreases | 826,096 | 549,642 |
Transfers | (9,130) | (28,674) |
Difference for conversion | 11,224 | 24,100 |
Ending balance | 8,952,891 | |
Cost [member] | Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 2,580 | $ 5,414 |
Total life estimated in years | 3 years | 3 years |
Increases | $ 17,939 | |
Acquisitions through business combination | 7,462,091 | |
Decreases | 464 | |
Difference for conversion | 15,286 | $ (2,834) |
Ending balance | 2,580 | |
Cost [member] | Work in progress [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 4,037,144 | 9,621,931 |
Increases | 8,985,716 | 8,438,425 |
Acquisitions through business combination | 72,307 | |
Decreases | 47,874 | |
Transfers | (4,500,626) | (14,023,212) |
Ending balance | 4,037,144 | |
Cost [member] | Right of use real property [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | $ 25,292,305 | $ 22,900,818 |
Total life estimated in years | 5 years | 5 years |
Increases | $ 3,573,457 | $ 2,700,690 |
Acquisitions through business combination | 7,490,744 | |
Decreases | 1,451,563 | 299,565 |
Transfers | 4,327 | |
Difference for conversion | $ 39,898 | (9,638) |
Ending balance | 25,292,305 | |
Cost [member] | Right of use furniture [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Total life estimated in years | 5 years | |
Increases | $ 2,491,606 | |
Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 130,418,518 | 107,798,150 |
Decreases | 8,391,208 | 628,846 |
Depreciation | 27,361,747 | 23,506,619 |
Transfers | (134,379) | (251,484) |
Difference for conversion | 61,717 | (5,921) |
Ending balance | 202,192,251 | 130,418,518 |
Accumulated depreciation and amortisation [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 183,294,374 | |
Ending balance | 183,294,374 | |
Accumulated depreciation and amortisation [member] | Real property [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 35,289,527 | 29,224,299 |
Decreases | 27,456 | 65,389 |
Depreciation | 7,936,570 | 6,375,157 |
Transfers | (143,510) | (244,540) |
Ending balance | 52,044,168 | 35,289,527 |
Accumulated depreciation and amortisation [member] | Real property [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 44,278,564 | |
Ending balance | 44,278,564 | |
Accumulated depreciation and amortisation [member] | Furniture and facilities [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 23,337,427 | 19,758,774 |
Decreases | 147,250 | 1,679 |
Depreciation | 4,123,432 | 3,580,774 |
Transfers | 1,852 | 14 |
Difference for conversion | 68 | (456) |
Ending balance | 34,111,955 | 23,337,427 |
Accumulated depreciation and amortisation [member] | Furniture and facilities [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 30,133,853 | |
Ending balance | 30,133,853 | |
Accumulated depreciation and amortisation [member] | Machinery and equipment [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 47,743,199 | 39,382,638 |
Decreases | 6,865,377 | 16,703 |
Depreciation | 9,247,787 | 8,383,468 |
Transfers | 1,218 | (4,781) |
Difference for conversion | 4,591 | (1,423) |
Ending balance | 73,533,946 | 47,743,199 |
Accumulated depreciation and amortisation [member] | Machinery and equipment [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 71,145,727 | |
Ending balance | 71,145,727 | |
Accumulated depreciation and amortisation [member] | Vehicles [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 7,104,521 | 6,646,687 |
Decreases | 669,916 | 359,190 |
Depreciation | 1,054,300 | 819,156 |
Transfers | 6,751 | (2,177) |
Difference for conversion | 3,033 | 45 |
Ending balance | 7,859,870 | 7,104,521 |
Accumulated depreciation and amortisation [member] | Vehicles [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 7,465,702 | |
Ending balance | 7,465,702 | |
Accumulated depreciation and amortisation [member] | Other [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 1,021 | 2,580 |
Decreases | 464 | |
Depreciation | 2,015 | 1,738 |
Difference for conversion | 1,519 | (3,297) |
Ending balance | 7,421,472 | 1,021 |
Accumulated depreciation and amortisation [member] | Other [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 7,418,402 | |
Ending balance | 7,418,402 | |
Accumulated depreciation and amortisation [member] | Right of use real property [member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 16,942,823 | 12,783,172 |
Decreases | 680,745 | 185,885 |
Depreciation | 4,569,172 | 4,346,326 |
Transfers | (690) | |
Difference for conversion | 52,506 | (790) |
Ending balance | 26,792,369 | 16,942,823 |
Accumulated depreciation and amortisation [member] | Right of use real property [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Beginning balance | 22,852,126 | |
Ending balance | $ 22,852,126 | |
Accumulated depreciation and amortisation [member] | Right of use furniture [Member] | ||
Disclosure of detailed information about property, plant and equipment [line items] | ||
Depreciation | 428,471 | |
Ending balance | $ 428,471 |
Investment Properties - Summary
Investment Properties - Summary of Changes in Investment Property (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | $ 27,061,153 | |
Ending balance | 29,014,856 | $ 27,061,153 |
Leased properties [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | 1,048,379 | |
Ending balance | 1,021,700 | 1,048,379 |
Other investment properties [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | 26,012,774 | |
Ending balance | 27,993,156 | 26,012,774 |
Cost [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | 28,116,469 | 5,670,193 |
Increases | 1,629,110 | 31,071,124 |
Decrease | 383,603 | 81,960 |
Transfers | 1,282,420 | (8,542,875) |
Exchange differences | 662 | (13) |
Ending balance | 28,116,469 | |
Cost [member] | Leased properties [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | $ 1,235,102 | $ 1,401,299 |
Total life estimated in years | 50 years | 50 years |
Increases | $ 3,602 | |
Transfers | $ (1) | (169,799) |
Ending balance | 1,235,102 | |
Cost [member] | Other investment properties [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | $ 26,881,367 | $ 4,268,894 |
Total life estimated in years | 50 years | 50 years |
Increases | $ 1,629,110 | $ 31,067,522 |
Decrease | 383,603 | 81,960 |
Transfers | 1,282,421 | (8,373,076) |
Exchange differences | 662 | (13) |
Ending balance | 26,881,367 | |
Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | 1,055,316 | 394,527 |
Decrease | 235,097 | 7,155 |
Depreciation for the fiscal year | 586,565 | 565,997 |
Transfers | 223,418 | 101,947 |
Ending balance | 1,630,202 | 1,055,316 |
Accumulated depreciation and amortisation [member] | Leased properties [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | 186,723 | 50,624 |
Depreciation for the fiscal year | 23,135 | 16,402 |
Transfers | 3,543 | 119,697 |
Ending balance | 213,401 | 186,723 |
Accumulated depreciation and amortisation [member] | Other investment properties [member] | ||
Disclosure of detailed information about investment property [line items] | ||
Beginning balance | 868,593 | 343,903 |
Decrease | 235,097 | 7,155 |
Depreciation for the fiscal year | 563,430 | 549,595 |
Transfers | 219,875 | (17,750) |
Ending balance | $ 1,416,801 | $ 868,593 |
Intangible Assets - Summary of
Intangible Assets - Summary of Changes in Intangible Assets (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | $ 54,308,754 | |
Ending balance | 75,170,628 | $ 54,308,754 |
Licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 10,418,151 | |
Ending balance | 13,596,860 | 10,418,151 |
Other intangible assets [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 43,890,603 | |
Ending balance | 61,573,768 | 43,890,603 |
Cost [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 155,792,177 | 129,048,816 |
Increases | 29,418,578 | 26,816,039 |
Acquisitions through business combination | 54,405,760 | |
Decrease | 753,032 | 104,553 |
Transfer | (5,652) | 31,875 |
Ending balance | 155,792,177 | |
Cost [member] | Licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | $ 34,758,597 | $ 30,393,599 |
Total life estimated in years | 5 years | 5 years |
Increases | $ 4,225,829 | $ 4,084,757 |
Acquisitions through business combination | 5,184,932 | |
Transfer | (464) | 280,241 |
Ending balance | 34,758,597 | |
Cost [member] | Other intangible assets [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | $ 121,033,580 | $ 98,655,217 |
Total life estimated in years | 5 years | 5 years |
Increases | $ 25,192,749 | $ 22,731,282 |
Acquisitions through business combination | 49,220,828 | |
Decrease | 753,032 | 104,553 |
Transfer | (5,188) | (248,366) |
Ending balance | 121,033,580 | |
Accumulated depreciation and amortisation [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 101,483,423 | 78,068,369 |
Decrease | 18,781 | 4,090 |
Transfer | 54 | 6,367 |
Depreciation for the fiscal year | 30,150,454 | 23,412,777 |
Ending balance | 163,687,203 | 101,483,423 |
Accumulated depreciation and amortisation [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 133,555,476 | |
Ending balance | 133,555,476 | |
Accumulated depreciation and amortisation [member] | Licences [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 24,340,446 | 18,592,344 |
Transfer | (1,045) | 10,512 |
Depreciation for the fiscal year | 6,232,486 | 5,737,590 |
Ending balance | 30,572,034 | 24,340,446 |
Accumulated depreciation and amortisation [member] | Licences [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 24,340,593 | |
Ending balance | 24,340,593 | |
Accumulated depreciation and amortisation [member] | Other intangible assets [member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | 77,142,977 | 59,476,025 |
Decrease | 18,781 | 4,090 |
Transfer | 1,099 | (4,145) |
Depreciation for the fiscal year | 23,917,968 | 17,675,187 |
Ending balance | 133,115,169 | 77,142,977 |
Accumulated depreciation and amortisation [member] | Other intangible assets [member] | Banco BMA SAU and Macro Agro SAU [Member] | ||
Disclosure of detailed information about intangible assets [line items] | ||
Beginning balance | $ 109,214,883 | |
Ending balance | $ 109,214,883 |
Other Non-Financial Assets - Su
Other Non-Financial Assets - Summary of Other Non-Financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of other non-financial assets [line items] | ||
Other non-financial assets | $ 54,782,584 | $ 38,779,189 |
Investments property [member] | ||
Disclosure of other non-financial assets [line items] | ||
Other non-financial assets | 29,014,856 | 27,061,153 |
Tax advances [member] | ||
Disclosure of other non-financial assets [line items] | ||
Other non-financial assets | 14,445,390 | 3,830,762 |
Advanced prepayments [member] | ||
Disclosure of other non-financial assets [line items] | ||
Other non-financial assets | 9,307,953 | 7,310,656 |
Other [member] | ||
Disclosure of other non-financial assets [line items] | ||
Other non-financial assets | $ 2,014,385 | $ 576,618 |
Related Parties - Summary of Am
Related Parties - Summary of Amounts and Profit or Loss Related to Transactions Generated With Related Parties (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
ASSETS | ||||
Cash and deposits in banks | $ 1,203,105,095 | $ 778,796,544 | $ 1,045,370,900 | |
Other financial assets | 201,381,389 | 180,443,674 | ||
Loans and other financing | 1,833,657,853 | 1,864,088,844 | ||
TOTAL ASSETS | 6,718,211,111 | 6,508,793,934 | ||
LIABILITIES | ||||
Deposits | 3,370,240,610 | 4,033,959,266 | ||
Liabilities as fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Other financial liabilities | 374,491,943 | 420,684,684 | ||
Issued corporate bonds | 58,864,013 | 8,456,451 | ||
Subordinated corporate bonds | 386,937,258 | 278,813,804 | ||
Other non-financial liabilities | 214,185,225 | 133,311,398 | ||
TOTAL LIABILITIES | 4,674,186,061 | 4,913,674,060 | ||
Interest income | 2,446,332,749 | 1,907,263,992 | 1,367,473,535 | |
Interest expense | (1,621,299,160) | (956,458,308) | (572,592,780) | |
Commissions income | 245,712,549 | 234,809,397 | 224,345,705 | |
Commissions expenses | (24,943,882) | (23,086,499) | (21,418,784) | |
Net gain from measurement of financial instruments at fair value through profit or loss | 974,315,271 | 140,628,194 | 101,180,879 | |
Credit loss expense on financial assets | (45,968,747) | (21,480,302) | (15,745,665) | |
Administrative expenses | (164,225,989) | (121,933,757) | (121,877,712) | |
Other operating expenses | (321,270,780) | (233,739,638) | (207,725,404) | |
Net income for the fiscal year | 587,675,141 | 126,972,326 | 138,749,520 | |
Macro Bank Limited [member] | ||||
ASSETS | ||||
TOTAL ASSETS | 96,913,028 | 50,000,623 | ||
LIABILITIES | ||||
TOTAL LIABILITIES | 69,534,634 | 34,556,345 | ||
Macro Securities SAU [member] | ||||
ASSETS | ||||
TOTAL ASSETS | [1] | 172,108,267 | 105,632,053 | |
LIABILITIES | ||||
TOTAL LIABILITIES | [1] | 114,694,224 | 72,940,995 | |
Argenpay SAU [member] | ||||
ASSETS | ||||
TOTAL ASSETS | 15,211,804 | 7,893,951 | ||
LIABILITIES | ||||
TOTAL LIABILITIES | 8,272,716 | 4,976,502 | ||
Macro Agro SAU [Member] | ||||
ASSETS | ||||
TOTAL ASSETS | 24,091,214 | |||
LIABILITIES | ||||
TOTAL LIABILITIES | 23,317,522 | |||
Subsidiaries [member] | Macro Bank Limited [member] | ||||
ASSETS | ||||
Cash and deposits in banks | 6,478 | 4,419 | ||
TOTAL ASSETS | 6,478 | 4,419 | ||
LIABILITIES | ||||
Other operating income | 16 | 24 | ||
Net income for the fiscal year | 16 | 24 | ||
Subsidiaries [member] | Macro Securities SAU [member] | ||||
ASSETS | ||||
TOTAL ASSETS | 6,581,205 | |||
LIABILITIES | ||||
Deposits | 15,785,008 | 9,347,392 | ||
Issued corporate bonds | 2,884,982 | 897,421 | ||
TOTAL LIABILITIES | 18,669,990 | 10,244,813 | ||
Interest income | 237,527 | 13,462 | 21,674 | |
Interest expense | (25,550) | |||
Commissions income | 77,309 | 77,843 | 134,132 | |
Other operating income | 215,291 | 20,843 | ||
Credit loss expense on financial assets | (1,165) | |||
Other operating expenses | (10) | (45,188) | ||
Net income for the fiscal year | 530,117 | 44,952 | 151,099 | |
Subsidiaries [member] | Argenpay SAU [member] | ||||
LIABILITIES | ||||
Deposits | 258,554 | 181,046 | ||
TOTAL LIABILITIES | 258,554 | 181,046 | ||
Other operating income | 32 | 125 | ||
Net income for the fiscal year | 32 | 125 | ||
Subsidiaries [member] | Macro Agro SAU [Member] | ||||
ASSETS | ||||
TOTAL ASSETS | 30,976 | |||
LIABILITIES | ||||
Deposits | 11,170 | |||
Subordinated corporate bonds | 123,425 | |||
TOTAL LIABILITIES | 134,595 | |||
Interest income | 14,328 | |||
Other operating income | 3,090 | |||
Net income for the fiscal year | 17,418 | |||
Subsidiaries [member] | Leases [member] | Macro Agro SAU [Member] | ||||
ASSETS | ||||
Loans and other financing | 30,976 | |||
Subsidiaries [member] | Other loans [member] | Macro Securities SAU [member] | ||||
ASSETS | ||||
Loans and other financing | 6,581,205 | |||
Associates [member] | ||||
LIABILITIES | ||||
Deposits | 304,321 | 263,793 | ||
TOTAL LIABILITIES | 304,321 | 263,793 | ||
Interest expense | (91,654) | (71,530) | (105,148) | |
Commissions income | 1,190 | 1,074 | 1,353 | |
Other operating income | 389 | |||
Net income for the fiscal year | (90,075) | (70,456) | (103,795) | |
Key management personnel of entity or parent [member] | ||||
ASSETS | ||||
Other financial assets | 1,077,944 | 724,126 | ||
TOTAL ASSETS | 3,586,311 | 3,656,269 | ||
LIABILITIES | ||||
Deposits | 24,665,263 | 12,959,967 | ||
Other financial liabilities | 5,108,496 | 160,967 | ||
TOTAL LIABILITIES | 29,773,759 | 13,120,934 | ||
Interest income | 1,915,668 | 915,252 | 988,486 | |
Interest expense | (204,618) | (325,275) | (232,819) | |
Commissions income | 475 | 190 | 115 | |
Commissions expenses | (105) | (159) | (140) | |
Other operating income | 20 | |||
Other operating expenses | (501) | |||
Net income for the fiscal year | 1,710,939 | 590,008 | 755,642 | |
Key management personnel of entity or parent [member] | Document [member] | ||||
ASSETS | ||||
Loans and other financing | 175,223 | |||
Key management personnel of entity or parent [member] | Overdrafts [member] | ||||
ASSETS | ||||
Loans and other financing | 257,516 | 590,790 | ||
Key management personnel of entity or parent [member] | Credit card [member] | ||||
ASSETS | ||||
Loans and other financing | 605,145 | |||
Key management personnel of entity or parent [member] | Leases [member] | ||||
ASSETS | ||||
Loans and other financing | 3,619 | |||
Key management personnel of entity or parent [member] | Personal loans [member] | ||||
ASSETS | ||||
Loans and other financing | 5,562 | 1,689,642 | ||
Key management personnel of entity or parent [member] | Mortgage loans [member] | ||||
ASSETS | ||||
Loans and other financing | 1,261,934 | |||
Key management personnel of entity or parent [member] | Other loans [member] | ||||
ASSETS | ||||
Loans and other financing | 378,210 | 472,869 | ||
Other related parties [member] | ||||
ASSETS | ||||
Other financial assets | 7,139,810 | 59 | ||
Guarantee granted | 26,357,386 | 4,795,743 | ||
TOTAL ASSETS | 43,501,745 | 10,829,440 | ||
LIABILITIES | ||||
Deposits | 21,695,667 | 7,160,317 | ||
Liabilities as fair value through profit or loss | 13,817,710 | 512,593 | ||
Other financial liabilities | 954,452 | 37,456 | ||
Other non-financial liabilities | 4,991,527 | 62,954 | ||
TOTAL LIABILITIES | 41,459,356 | 7,773,320 | ||
Interest income | 5,682,782 | 6,176,142 | 8,716,278 | |
Interest expense | (111,987) | (214,965) | (339,781) | |
Commissions income | 564,890 | 327,193 | 611,520 | |
Commissions expenses | (101,495) | (3,559) | (1,068) | |
Other operating income | 61,549 | 162 | 194 | |
Administrative expenses | (2,479,398) | (1,824,036) | (1,457,607) | |
Other operating expenses | (537,471) | (220,567) | (451,426) | |
Net income for the fiscal year | 3,078,870 | 4,240,370 | 7,078,110 | |
Other related parties [member] | Document [member] | ||||
ASSETS | ||||
Loans and other financing | 1,284,488 | 1,310,746 | ||
Other related parties [member] | Overdrafts [member] | ||||
ASSETS | ||||
Loans and other financing | 2,662,095 | 155,143 | ||
Other related parties [member] | Credit card [member] | ||||
ASSETS | ||||
Loans and other financing | 129,042 | 207,665 | ||
Other related parties [member] | Leases [member] | ||||
ASSETS | ||||
Loans and other financing | 51,602 | |||
Other related parties [member] | Other loans [member] | ||||
ASSETS | ||||
Loans and other financing | 5,877,322 | 4,360,084 | ||
Related parties [member] | ||||
ASSETS | ||||
Cash and deposits in banks | 6,478 | 4,419 | ||
Other financial assets | 16,543,872 | 10,119,463 | ||
Guarantee granted | 26,357,386 | 4,795,743 | ||
TOTAL ASSETS | 55,451,628 | 30,466,611 | ||
LIABILITIES | ||||
Deposits | 62,744,664 | 29,912,876 | ||
Liabilities as fair value through profit or loss | 13,817,710 | 512,593 | ||
Other financial liabilities | 6,062,948 | 198,423 | ||
Issued corporate bonds | 2,884,982 | 897,421 | ||
Subordinated corporate bonds | 905,116 | 450,137 | ||
Other non-financial liabilities | 4,991,527 | 62,954 | ||
TOTAL LIABILITIES | 91,406,947 | 32,034,404 | ||
Interest income | 7,850,305 | 7,104,856 | 9,726,438 | |
Interest expense | (408,259) | (611,770) | (703,298) | |
Commissions income | 701,128 | 408,766 | 747,296 | |
Commissions expenses | (147,620) | (36,874) | (3,386) | |
Net gain from measurement of financial instruments at fair value through profit or loss | 142,284 | |||
Other operating income | 9,641,927 | 4,063,351 | 61,697 | |
Credit loss expense on financial assets | (1,165) | |||
Administrative expenses | (2,479,398) | (1,824,036) | (1,457,607) | |
Other operating expenses | (537,982) | (265,755) | (451,426) | |
Net income for the fiscal year | 14,620,101 | 8,837,373 | 8,061,998 | |
Related parties [member] | Document [member] | ||||
ASSETS | ||||
Loans and other financing | 1,284,488 | 1,485,969 | ||
Related parties [member] | Overdrafts [member] | ||||
ASSETS | ||||
Loans and other financing | 2,919,611 | 745,933 | ||
Related parties [member] | Credit card [member] | ||||
ASSETS | ||||
Loans and other financing | 734,187 | 207,665 | ||
Related parties [member] | Leases [member] | ||||
ASSETS | ||||
Loans and other financing | 82,578 | 3,619 | ||
Related parties [member] | Personal loans [member] | ||||
ASSETS | ||||
Loans and other financing | 5,562 | 1,689,642 | ||
Related parties [member] | Mortgage loans [member] | ||||
ASSETS | ||||
Loans and other financing | 1,261,934 | |||
Related parties [member] | Other loans [member] | ||||
ASSETS | ||||
Loans and other financing | 6,255,532 | 11,414,158 | ||
Fintech SGR [Member] | ||||
ASSETS | ||||
Other financial assets | 8,326,118 | 9,395,278 | ||
TOTAL ASSETS | 8,326,118 | 9,395,278 | ||
LIABILITIES | ||||
Deposits | 24,681 | 361 | ||
Subordinated corporate bonds | 781,691 | 450,137 | ||
TOTAL LIABILITIES | 806,372 | 450,498 | ||
Commissions income | 57,264 | 2,466 | 176 | |
Commissions expenses | (46,020) | (33,156) | (2,178) | |
Net gain from measurement of financial instruments at fair value through profit or loss | 142,284 | |||
Other operating income | 9,361,556 | 4,063,048 | 40,636 | |
Net income for the fiscal year | $ 9,372,800 | $ 4,032,358 | $ 180,918 | |
[1]Includes the balance amounts of its subsidiary Macro Fondos SGFCISA. |
Related Parties - Summary of _2
Related Parties - Summary of Amounts and Profit or Loss Related to Transactions Generated With Related Parties (Parenthetical) (Detail) - Maximum Average Term [member] - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Macro Agro SAU [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Loans and other financing | $ 68,502 | |
Fintech SGR [Member] | ||
Disclosure of transactions between related parties [line items] | ||
Loans and other financing | $ 7,895,654 | |
Subsidiaries [member] | Macro Securities SAU [member] | ||
Disclosure of transactions between related parties [line items] | ||
Loans and other financing | 21,637,333 | 14,101,862 |
Key management personnel of entity or parent [member] | ||
Disclosure of transactions between related parties [line items] | ||
Loans and other financing | 3,762,515 | 4,108,625 |
Other related parties [member] | ||
Disclosure of transactions between related parties [line items] | ||
Loans and other financing | $ 51,513,614 | $ 52,441,567 |
Related Parties - Additional In
Related Parties - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of transactions between related parties [line items] | |||
Total remuneration received as salary and bonus by the key management personnel | $ 3,282,300 | $ 3,291,583 | $ 3,523,785 |
Fees received by Directors | $ 8,073,936 | $ 5,613,683 | $ 6,936,714 |
Related Parties - Composition o
Related Parties - Composition of Board of Directors and Key Management Personnel (Detail) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of transactions between related parties [line items] | ||
Number of board of directors and key management personnel | 34 | 34 |
Board Of Directors [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of board of directors and key management personnel | 22 | 22 |
Senior managers of key management personnel [member] | ||
Disclosure of transactions between related parties [line items] | ||
Number of board of directors and key management personnel | 12 | 12 |
Other Financial Liabilities - S
Other Financial Liabilities - Summary of Breakdown of Other Financial Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | $ 374,491,943 | $ 420,684,684 |
Credit and debit card settlement - due to merchants [member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 196,821,322 | 228,920,357 |
Amounts payable for other spot purchases pending settlement [member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 93,449,791 | 45,887,253 |
Payment orders pending to foreign exchange settlement [Member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 34,430,062 | 17,727,873 |
Collections and other transactions on account and behalf of others [Member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 10,454,906 | 8,737,913 |
Finance leases liabilities [member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 9,388,790 | 6,119,963 |
Amounts payable for spot purchases of foreign currency pending settlement [member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 1,326,551 | 49,982,243 |
Amounts payable for spot purchases of government securities pending settlement [member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | 310,596 | 30,457,203 |
Other [member] | ||
Disclosure of other financial and non financial liabilities [line items] | ||
Other financial liabilities | $ 28,309,925 | $ 32,851,879 |
Leases - Summary of Amounts of
Leases - Summary of Amounts of Lease Liabilities and the Movements (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of maturity analysis of operating lease payments [abstract] | |||
At the beginning of the fiscal year | $ 6,119,963 | $ 8,614,762 | $ 10,763,282 |
Additions | 5,993,172 | 1,980,876 | 2,995,872 |
Accretion of interest | 853,157 | 1,200,066 | 1,326,813 |
Difference in foreign currency | 7,299,242 | 2,211,464 | 1,355,364 |
Payments | (3,943,775) | (3,186,650) | (4,687,091) |
Monetary effects | (6,932,969) | (4,700,555) | (3,139,478) |
At the end of the fiscal year | $ 9,388,790 | $ 6,119,963 | $ 8,614,762 |
Leases - Summary of Maturity of
Leases - Summary of Maturity of the Lease Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Up to 1 month [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | $ 501,538 | $ 317,642 |
Over 1 month and up to 3 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | 661,704 | 522,439 |
Over 3 months and up to 6 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | 869,428 | 717,689 |
Over 6 months and up to 12 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | 1,500,379 | 1,167,878 |
Total up to 12 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | 3,533,049 | 2,725,648 |
Over 12 months and up to 24 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | 2,065,420 | 1,430,105 |
Over 24 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | 3,790,321 | 1,964,210 |
Total over 12 months [member] | ||
Disclosure of maturity analysis of operating lease payments [line items] | ||
Undiscounted operating lease payments to be received | $ 5,855,741 | $ 3,394,315 |
Leases - Summary of Reconciliat
Leases - Summary of Reconciliation Between Gross Investment of Financial Leases and the Current Value of the Minimum Payments Receivables (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of finance lease and operating lease by lessor [line items] | ||
Current value of minimum payments | $ 9,488,598 | $ 4,318,607 |
Total gross investment | 30,488,202 | 6,841,458 |
Up to 1 year [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Current value of minimum payments | 3,158,511 | 2,161,580 |
Total gross investment | 11,978,813 | 3,254,319 |
From 1 to 5 years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Current value of minimum payments | 6,328,466 | 2,157,027 |
Total gross investment | 18,507,415 | $ 3,587,139 |
Over 5 years [member] | ||
Disclosure of finance lease and operating lease by lessor [line items] | ||
Current value of minimum payments | 1,621 | |
Total gross investment | $ 1,974 |
Leases - Additional Information
Leases - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of finance lease and operating lease by lessor [line items] | |||
Income for non-accrued interests | $ 20,999,604 | $ 2,522,851 | $ 1,842,902 |
Expense relating to short-term leases for which recognition exemption has been used | $ 41,962 | $ 43,671 | $ 48,436 |
Provisions - Summary of Changes
Provisions - Summary of Changes in Provisions (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | |||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | $ 8,682,459 | $ 10,030,477 | ||
Increases | 12,442,145 | 9,211,201 | ||
Decreases Reversals | 158,539 | |||
Decreases Charge Off | 4,437,440 | 3,654,475 | ||
Monetary effects | (7,715,689) | (6,904,744) | ||
Amounts at the end of fiscal year | 8,812,936 | 8,682,459 | ||
For administrative, disciplinary and criminal penalties [member] | ||||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | 1,559 | 3,027 | ||
Monetary effects | (1,059) | (1,468) | ||
Amounts at the end of fiscal year | 500 | 1,559 | ||
Letters of credits, guarantees and other commitments [member] | ||||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | [1] | 2,403,512 | 2,141,809 | |
Increases | [1] | 1,877,415 | 1,860,374 | |
Decreases Charge Off | [1] | 146,042 | ||
Monetary effects | [1] | (1,958,230) | (1,598,671) | |
Amounts at the end of fiscal year | [1] | 2,176,655 | 2,403,512 | |
Commercial claims in progress [member] | ||||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | 1,540,253 | [2] | 1,926,181 | |
Increases | 2,990,634 | 1,120,189 | ||
Decreases Charge Off | 608,307 | 385,040 | ||
Monetary effects | (1,101,988) | (1,121,077) | ||
Amounts at the end of fiscal year | [2] | 2,820,592 | 1,540,253 | |
Labor lawsuits [member] | ||||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | 829,484 | 1,306,582 | ||
Increases | 1,679,270 | 1,762,742 | ||
Decreases Charge Off | 1,025,267 | 1,507,674 | ||
Monetary effects | (850,033) | (732,166) | ||
Amounts at the end of fiscal year | 633,454 | 829,484 | ||
Pension funds - reimbursement [member] | ||||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | 1,614,617 | 644,573 | ||
Increases | 2,336,602 | 1,734,279 | ||
Decreases Charge Off | 1,066,804 | 74,249 | ||
Monetary effects | (1,665,080) | (689,986) | ||
Amounts at the end of fiscal year | 1,219,335 | 1,614,617 | ||
Other [memebr] | ||||
Disclosure of other provisions [line items] | ||||
Amounts at beginning of fiscal year | 2,293,034 | 4,008,305 | ||
Increases | 3,558,224 | 2,733,617 | ||
Decreases Reversals | 158,539 | |||
Decreases Charge Off | 1,591,020 | 1,687,512 | ||
Monetary effects | (2,139,299) | (2,761,376) | ||
Amounts at the end of fiscal year | $ 1,962,400 | $ 2,293,034 | ||
[1]These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4.[2]See also Note 50.2. |
Provisions - Summary of Expecte
Provisions - Summary of Expected Term to Settle Obligations (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |||
Disclosure of other provisions [line items] | ||||||
Provisions | $ 8,812,936 | $ 8,682,459 | $ 10,030,477 | |||
For administrative, disciplinary and criminal penalties [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 500 | 1,559 | 3,027 | |||
Letter of credits, guarantee and other commitments [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | [1] | 2,176,655 | 2,403,512 | 2,141,809 | ||
Commercial claims [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 2,820,592 | [2] | 1,540,253 | [2] | 1,926,181 | |
Legal proceedings provision [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 633,454 | 829,484 | 1,306,582 | |||
Pension funds—reimbursement | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 1,219,335 | 1,614,617 | 644,573 | |||
Miscellaneous other provisions [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 1,962,400 | $ 2,293,034 | $ 4,008,305 | |||
Current [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 5,492,021 | |||||
Current [member] | Letter of credits, guarantee and other commitments [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | [1] | 2,176,655 | ||||
Current [member] | Commercial claims [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | [2] | 1,513,027 | ||||
Current [member] | Legal proceedings provision [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 354,211 | |||||
Current [member] | Pension funds—reimbursement | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 672,026 | |||||
Current [member] | Miscellaneous other provisions [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 776,102 | |||||
Later than one year [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 3,320,915 | |||||
Later than one year [member] | For administrative, disciplinary and criminal penalties [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 500 | |||||
Later than one year [member] | Commercial claims [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | [2] | 1,307,565 | ||||
Later than one year [member] | Legal proceedings provision [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 279,243 | |||||
Later than one year [member] | Pension funds—reimbursement | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | 547,309 | |||||
Later than one year [member] | Miscellaneous other provisions [member] | ||||||
Disclosure of other provisions [line items] | ||||||
Provisions | $ 1,186,298 | |||||
[1]These amounts correspond to the ECL calculated for contingent transactions, which are mentioned in Note 4.[2]See also Note 50.2. |
Other Non-Financial Liabiliti_3
Other Non-Financial Liabilities - Summary of Breakdown of Other Non Financial Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | $ 214,185,225 | $ 133,311,398 |
Salaries, bonuses and payroll taxes payables [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 52,891,537 | 34,157,484 |
Withholdings [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 45,141,632 | 49,403,965 |
Miscellaneous payables [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 37,049,991 | 9,200,669 |
Taxes payables [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 33,767,097 | 24,013,937 |
Directors' and syndics' fees payable [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 17,494,014 | 2,136,436 |
Retirement pension payment orders pending settlement [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 1,588,373 | 3,503,012 |
Dividends payables [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | 80,142 | |
Others [member] | ||
Disclosure Of Other Non Financial Liabilities [Line Items] | ||
Other non-financial liabilities | $ 26,172,439 | $ 10,895,895 |
Employee Benefits Payable - Sum
Employee Benefits Payable - Summary of Employee Benefits Payable (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of defined benefit plans [line items] | ||
Short-term employee benefits accruals | $ 52,891,537 | $ 34,157,484 |
Vacation accrual [member] | ||
Disclosure of defined benefit plans [line items] | ||
Short-term employee benefits accruals | 35,476,514 | 14,619,069 |
Salaries, bonuses and payroll taxes payables [member] | ||
Disclosure of defined benefit plans [line items] | ||
Short-term employee benefits accruals | $ 17,415,023 | $ 19,538,415 |
Analysis of Financial Assets _3
Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled - Summary of Analysis of Financial Assets to be Recovered and Financial Liabilities to be Settled (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Cash and deposits in banks | $ 1,203,105,095 | $ 778,796,544 | $ 1,045,370,900 | |
Debt securities at fair value through profit or loss | 1,752,113,837 | 657,238,645 | ||
Derivative financial instruments | 13,143,270 | 133,591 | ||
Repo transactions | 615,582,382 | 192,852,624 | ||
Other financial assets | 201,381,389 | 180,443,674 | ||
Loans and other financing | 1,833,657,853 | 1,864,088,844 | ||
Other debt securities | 430,934,498 | 2,295,609,430 | ||
Financial assets delivered as guarantee | 132,891,084 | 95,353,885 | ||
Equity instruments at fair value through profit or loss | 3,213,841 | 2,614,136 | ||
Deposits | 3,370,240,610 | 4,033,959,266 | ||
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Derivative financial instruments | 2,837,879 | 7,382 | ||
Repo transactions | 23,601,328 | 0 | ||
Other financial liabilities | 374,491,943 | 420,684,684 | ||
Financing received from the BCRA and other financial institutions | 19,799,011 | 7,627,436 | ||
Issued corporate bonds | 58,864,013 | 8,456,451 | ||
Subordinated corporate bonds | 328,227,793 | 224,617,825 | ||
Total liabilities | 4,373,867,889 | 4,838,581,282 | ||
Without due date [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Cash and deposits in banks | 1,203,105,095 | 778,796,544 | ||
Other financial assets | 52,718,261 | 35,657,343 | ||
Loans and other financing | [1] | 7,844,494 | 4,535,349 | |
Financial assets delivered as guarantee | 102,444,359 | 95,353,885 | ||
Equity instruments at fair value through profit or loss | 3,213,841 | 2,614,136 | ||
Total assets | 1,369,326,050 | 916,957,257 | ||
Deposits | 1,678,922,497 | 1,993,987,527 | ||
Total liabilities | 1,678,922,497 | 1,993,987,527 | ||
Up to 1 month [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 1,285,901 | 11,232,300 | ||
Derivative financial instruments | 7,937,962 | 26,426 | ||
Repo transactions | 615,582,382 | 192,852,624 | ||
Other financial assets | 90,451,422 | 106,040,645 | ||
Loans and other financing | [1] | 914,817,926 | 819,989,852 | |
Other debt securities | 43,700,875 | 1,633,096,866 | ||
Financial assets delivered as guarantee | 30,446,725 | |||
Total assets | 1,704,223,193 | 2,763,238,713 | ||
Deposits | 1,468,496,724 | 1,661,474,368 | ||
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Derivative financial instruments | 772,082 | 5,340 | ||
Repo transactions | 23,601,328 | |||
Other financial liabilities | 362,562,577 | 406,776,711 | ||
Financing received from the BCRA and other financial institutions | 9,204,268 | 908,378 | ||
Issued corporate bonds | 346 | |||
Total liabilities | 1,878,462,800 | 2,070,802,885 | ||
Over 1 month and up to 3 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 242,735,856 | 71,687,309 | ||
Derivative financial instruments | 3,386,733 | 48,053 | ||
Other financial assets | 15,418 | 43,227 | ||
Loans and other financing | [1] | 220,082,349 | 154,227,780 | |
Other debt securities | 272,972 | 321,378,829 | ||
Total assets | 466,493,328 | 547,385,198 | ||
Deposits | 138,012,172 | 324,005,727 | ||
Derivative financial instruments | 1,043,884 | 2,042 | ||
Other financial liabilities | 1,082,105 | 1,124,905 | ||
Financing received from the BCRA and other financial institutions | 3,610,758 | 1,592,445 | ||
Issued corporate bonds | 2,164 | 20,203 | ||
Total liabilities | 143,751,083 | 326,745,322 | ||
Over 3 months and up to 6 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 620,520,421 | 254,790,463 | ||
Derivative financial instruments | 1,818,575 | 59,112 | ||
Other financial assets | 2,972,126 | 2,087,941 | ||
Loans and other financing | [1] | 172,923,162 | 175,343,251 | |
Other debt securities | 44,010,662 | 14,872,513 | ||
Total assets | 842,244,946 | 447,153,280 | ||
Deposits | 44,635,643 | 49,846,154 | ||
Derivative financial instruments | 130,385 | |||
Other financial liabilities | 1,033,831 | 956,320 | ||
Financing received from the BCRA and other financial institutions | 444,049 | 4,993,630 | ||
Issued corporate bonds | 12,827,488 | |||
Subordinated corporate bonds | 5,723,805 | 4,422,672 | ||
Total liabilities | 64,795,201 | 60,218,776 | ||
Over 6 months and up to 12 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 834,601,516 | 256,063,185 | ||
Loans and other financing | [1] | 157,171,020 | 186,873,018 | |
Other debt securities | 56,847,898 | 165,761,262 | ||
Total assets | 1,048,620,434 | 608,697,465 | ||
Deposits | 39,978,607 | 4,581,098 | ||
Derivative financial instruments | 891,528 | |||
Other financial liabilities | 1,798,591 | 1,971,058 | ||
Financing received from the BCRA and other financial institutions | 132,983 | |||
Issued corporate bonds | 40,567,916 | |||
Total liabilities | 83,236,642 | 6,685,139 | ||
Total up to 12 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 1,699,143,694 | 593,773,257 | ||
Derivative financial instruments | 13,143,270 | 133,591 | ||
Repo transactions | 615,582,382 | 192,852,624 | ||
Other financial assets | 93,438,966 | 108,171,813 | ||
Loans and other financing | [1] | 1,464,994,457 | 1,336,433,901 | |
Other debt securities | 144,832,407 | 2,135,109,470 | ||
Financial assets delivered as guarantee | 30,446,725 | |||
Total assets | 4,061,581,901 | 4,366,474,656 | ||
Deposits | 1,691,123,146 | 2,039,907,347 | ||
Liabilities at fair value through profit or loss | 13,825,475 | 1,638,088 | ||
Derivative financial instruments | 2,837,879 | 7,382 | ||
Repo transactions | 23,601,328 | |||
Other financial liabilities | 366,477,104 | 410,828,994 | ||
Financing received from the BCRA and other financial institutions | 13,259,075 | 7,627,436 | ||
Issued corporate bonds | 53,397,914 | 20,203 | ||
Subordinated corporate bonds | 5,723,805 | 4,422,672 | ||
Total liabilities | 2,170,245,726 | 2,464,452,122 | ||
Over 12 months and up to 24 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 18,788,976 | 40,646,054 | ||
Other financial assets | 34,511 | |||
Loans and other financing | [1] | 133,783,385 | 183,431,453 | |
Other debt securities | 252,716,743 | 42,552,534 | ||
Total assets | 405,323,615 | 266,630,041 | ||
Deposits | 190,666 | 19,603 | ||
Other financial liabilities | 2,688,938 | 2,748,148 | ||
Financing received from the BCRA and other financial institutions | 6,389,125 | |||
Issued corporate bonds | 5,466,099 | 8,436,248 | ||
Total liabilities | 14,734,828 | 11,203,999 | ||
Over 24 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 34,181,167 | 22,819,334 | ||
Other financial assets | 55,189,651 | 36,614,518 | ||
Loans and other financing | [1] | 227,035,517 | 339,688,141 | |
Other debt securities | 33,385,348 | 117,947,426 | ||
Total assets | 349,791,683 | 517,069,419 | ||
Deposits | 4,301 | 44,789 | ||
Other financial liabilities | 5,325,901 | 7,107,542 | ||
Financing received from the BCRA and other financial institutions | 150,811 | |||
Subordinated corporate bonds | 322,503,988 | 220,195,153 | ||
Total liabilities | 327,985,001 | 227,347,484 | ||
Total over 12 months [member] | ||||
Disclosure Of Financial Assets And Liabilities [line items] | ||||
Debt securities at fair value through profit or loss | 52,970,143 | 63,465,388 | ||
Other financial assets | 55,224,162 | 36,614,518 | ||
Loans and other financing | [1] | 360,818,902 | 523,119,594 | |
Other debt securities | 286,102,091 | 160,499,960 | ||
Total assets | 755,115,298 | 783,699,460 | ||
Deposits | 194,967 | 64,392 | ||
Other financial liabilities | 8,014,839 | 9,855,690 | ||
Financing received from the BCRA and other financial institutions | 6,539,936 | |||
Issued corporate bonds | 5,466,099 | 8,436,248 | ||
Subordinated corporate bonds | 322,503,988 | 220,195,153 | ||
Total liabilities | $ 342,719,829 | $ 238,551,483 | ||
[1]The amounts included in “without due date” are related to the non-performing portfolio. |
Foreign Currency Amounts - Sche
Foreign Currency Amounts - Schedule of Foreign Currency Amount (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
ASSETS | |||
Cash and deposits in banks | $ 1,203,105,095 | $ 778,796,544 | $ 1,045,370,900 |
Debt securities at fair value through profit or loss | 1,752,113,837 | 657,238,645 | |
Other financial assets | 201,381,389 | 180,443,674 | |
Loans and other financing | 1,833,657,853 | 1,864,088,844 | |
Financial assets delivered as guarantee | 132,891,084 | 95,353,885 | |
Equity instruments at fair value through profit or loss | 3,213,841 | 2,614,136 | |
TOTAL ASSETS | 6,718,211,111 | 6,508,793,934 | |
LIABILITIES | |||
Deposits | 20,185,431 | 5,148,961 | |
Financial sector | 4,373,867,889 | 4,838,581,282 | |
Liabilities as fair value through profit or loss | 13,825,475 | 1,638,088 | |
Other financial liabilities | 374,491,943 | 420,684,684 | |
Issued corporate bonds | 58,864,013 | 8,456,451 | |
Subordinated corporate bonds | 328,227,793 | 224,617,825 | |
Other non financial liabilities | 214,185,225 | 133,311,398 | |
TOTAL LIABILITIES | 4,674,186,061 | 4,913,674,060 | |
Equity attributable to owners of parent [member] | |||
ASSETS | |||
Cash and deposits in banks | 1,120,369,209 | 655,929,629 | |
Debt securities at fair value through profit or loss | 1,737,382,765 | 554,106,640 | |
Other financial assets | 79,181,568 | 48,810,967 | |
Loans and other financing | 179,981,350 | 111,920,508 | |
From the non-financial private sector and foreign residents | 179,981,350 | 111,920,508 | |
Other debt securities | 88,646,176 | 167,645,854 | |
Financial assets delivered as guarantee | 55,763,750 | 15,252,397 | |
Equity instruments at fair value through profit or loss | 344,008 | 496,382 | |
TOTAL ASSETS | 3,261,668,826 | 1,554,162,377 | |
LIABILITIES | |||
Deposits | 1,023,465,739 | 532,572,442 | |
Non financial government sector | 34,333,538 | 19,192,347 | |
Financial sector | 7,106,029 | 4,357,526 | |
Non financial private sector and foreign residents | 982,026,172 | 509,022,569 | |
Liabilities as fair value through profit or loss | 13,817,710 | 1,638,088 | |
Other financial liabilities | 86,372,190 | 50,132,392 | |
Financing from Central Bank of Argentina and other financial institutions | 15,373,617 | 7,466,423 | |
Issued corporate bonds | 53,851,071 | 8,456,451 | |
Subordinated corporate bonds | 328,227,793 | 224,617,825 | |
Other non financial liabilities | 4,526,525 | 168,362 | |
TOTAL LIABILITIES | 1,525,634,645 | $ 825,051,983 | |
Equity attributable to owners of parent [member] | UNITED STATES | |||
ASSETS | |||
Cash and deposits in banks | 1,099,343,794 | ||
Debt securities at fair value through profit or loss | 1,737,382,765 | ||
Other financial assets | 79,078,052 | ||
Loans and other financing | 177,098,581 | ||
From the non-financial private sector and foreign residents | 177,098,581 | ||
Other debt securities | 88,646,176 | ||
Financial assets delivered as guarantee | 55,710,171 | ||
Equity instruments at fair value through profit or loss | 344,008 | ||
TOTAL ASSETS | 3,237,603,547 | ||
LIABILITIES | |||
Deposits | 1,010,835,069 | ||
Non financial government sector | 34,333,538 | ||
Financial sector | 7,106,029 | ||
Non financial private sector and foreign residents | 969,395,502 | ||
Liabilities as fair value through profit or loss | 13,817,710 | ||
Other financial liabilities | 83,458,593 | ||
Financing from Central Bank of Argentina and other financial institutions | 12,497,214 | ||
Issued corporate bonds | 53,851,071 | ||
Subordinated corporate bonds | 328,227,793 | ||
Other non financial liabilities | 4,526,132 | ||
TOTAL LIABILITIES | 1,507,213,582 | ||
Equity attributable to owners of parent [member] | Euro Member Countries, Euro | |||
ASSETS | |||
Cash and deposits in banks | 17,612,492 | ||
Other financial assets | 103,516 | ||
Loans and other financing | 400,983 | ||
From the non-financial private sector and foreign residents | 400,983 | ||
Financial assets delivered as guarantee | 53,579 | ||
TOTAL ASSETS | 18,170,570 | ||
LIABILITIES | |||
Deposits | 12,630,670 | ||
Non financial private sector and foreign residents | 12,630,670 | ||
Other financial liabilities | 2,809,881 | ||
Financing from Central Bank of Argentina and other financial institutions | 394,617 | ||
Other non financial liabilities | 393 | ||
TOTAL LIABILITIES | 15,835,561 | ||
Equity attributable to owners of parent [member] | Brazil, Brazil Real | |||
ASSETS | |||
Cash and deposits in banks | 196,007 | ||
TOTAL ASSETS | 196,007 | ||
Equity attributable to owners of parent [member] | Other Currency [member] | |||
ASSETS | |||
Cash and deposits in banks | 3,216,916 | ||
Loans and other financing | 2,481,786 | ||
From the non-financial private sector and foreign residents | 2,481,786 | ||
TOTAL ASSETS | 5,698,702 | ||
LIABILITIES | |||
Other financial liabilities | 103,716 | ||
Financing from Central Bank of Argentina and other financial institutions | 2,481,786 | ||
TOTAL LIABILITIES | $ 2,585,502 |
Foreign Currency Amounts - Sc_2
Foreign Currency Amounts - Schedule of Foreign Currency Amount (Parenthetical) (Detail) | Dec. 31, 2023 ARS ($) |
Argentine Government Discount Bonds [member] | |
Foreign Currency Transactions [line items] | |
Government debt instruments held | $ 1,488,174,537 |
Argentine Treasury Discount Bonds [Member] | |
Foreign Currency Transactions [line items] | |
Government debt instruments held | $ 190,164,590 |
Income Tax - Summary of deferre
Income Tax - Summary of deferred tax assets and deferred tax liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 |
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | $ 41,076,084 | $ 22,853,172 | |
Deferred Tax Liabilities | 85,496,430 | 63,527,165 | |
Net deferred tax liabilities | 44,420,346 | 40,673,993 | $ 37,605,799 |
Allowances for contingencies [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | 1,710,376 | 2,790,085 | |
Provisions and employee benefit [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | 5,682,945 | 4,819,092 | |
Lease [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | 1,816,255 | 1,038,052 | |
Loans and other financing and debt securities [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | 25,984,554 | 11,732,977 | |
Other [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | 5,259,223 | 2,278,370 | |
Deferred Tax Liabilities | 5,636,416 | 454,475 | |
Property, plant and equipment [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Liabilities | 41,254,233 | 34,560,134 | |
Intangible asset [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Liabilities | 22,936,686 | 18,880,518 | |
Investments in other companies [member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Assets | 622,731 | 194,596 | |
Tax effects on forward sales [Member] | |||
Deferred Tax Assets And Liabilities [line items] | |||
Deferred Tax Liabilities | $ 15,669,095 | $ 9,632,038 |
Income Tax - Schedule of change
Income Tax - Schedule of changes in deferred tax liabilities (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Deferred tax liabilities [line items] | ||
Net deferred tax liabilities at beginning of the fiscal year | $ 40,673,993 | $ 37,605,799 |
Net deferred tax assets from Banco BMA SAU and its subsidiaries at the acquisition date | (145,235) | |
Loss for deferred taxes recognized in the statement of income | 3,891,588 | 3,068,194 |
Net deferred tax liabilities at fiscal year end | $ 44,420,346 | $ 40,673,993 |
Income Tax - Schedule of income
Income Tax - Schedule of income tax expense in the consolidated financial statements (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Major components of tax expense (income) [abstract] | |||
Current income tax expense | $ 278,429,479 | $ 54,136,973 | $ 37,206,104 |
Loss for deferred taxes | 3,891,588 | 3,068,196 | (30,011,625) |
Total income tax | 282,321,067 | 57,205,169 | 7,194,479 |
Income tax loss / (profit) recorded in other comprehensive income | 16,761,914 | (7,621,167) | 7,335,665 |
Total income tax expense | $ 299,082,981 | $ 49,584,002 | $ 14,530,144 |
Income Tax- Summary of Reconcil
Income Tax- Summary of Reconciliation between Income Tax and the Amounts Obtained By Applying the Current Tax Rate in Argentina to the Income Carrying Amount (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of income tax reconciliation [line items] | |||
Income carrying amount before income tax | $ 869,996,208 | $ 184,177,495 | $ 145,943,999 |
Applicable income tax rate | 35% | 35% | 35% |
Income tax on income carrying amount | $ 304,498,673 | $ 64,462,123 | $ 51,080,400 |
Net permanent differences and other tax effects including the fiscal inflation adjustment | (22,177,606) | (7,256,954) | (43,885,921) |
Total income tax | $ 282,321,067 | $ 57,205,169 | $ 7,194,479 |
Income Tax- Additional Informat
Income Tax- Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||||||||||
Oct. 17, 2022 | Jul. 23, 2021 | Jun. 16, 2021 | Oct. 24, 2019 | Jan. 01, 2019 | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Disclosure Of Income Taxes [line items] | |||||||||||
Effective income tax rate | 32.50% | 31.10% | 4.90% | ||||||||
Tax rate effect of adjustments for current tax of prior periods | 100% | ||||||||||
Variation of internal rate denominated IPC | 30% | 15% | 55% | ||||||||
Income tax rate for the period | 35% | 35% | 35% | ||||||||
Banco Macro SA [member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Income tax current | $ 9,933,210 | $ 7,002,124 | |||||||||
Fiscal Year 2013 To 2017 [Member] | Banco Macro SA [member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Income tax refund | $ 4,782,766 | ||||||||||
Fiscal Year 2018 [Member] | Banco Macro SA [member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Income tax refund | $ 5,015,451 | ||||||||||
Tax Year 2020 [Member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Reimbursement of Income tax amount | $ 254,305 | ||||||||||
Tax Year 2021 [Member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Income tax rate for the period | 25% | ||||||||||
Reimbursement of Income tax amount | $ 382,189 | ||||||||||
Tax Year 2022 [Member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Income tax rate for the period | 30% | ||||||||||
Tax Year 2023 [Member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Income tax rate for the period | 35% | ||||||||||
Forecast [member] | |||||||||||
Disclosure Of Income Taxes [line items] | |||||||||||
Tax rate effect of adjustments for current tax of prior periods | 100% |
Interest Income - Summary of In
Interest Income - Summary of Interest Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Interest income | |||
For cash and bank deposits | $ 6,847,489 | $ 1,246,001 | $ 79,938 |
For government securities | 973,049,563 | 650,715,333 | 45,700,830 |
For debt securities | 1,385,091 | 601,017 | 1,837,236 |
For loans and other financing | |||
Non financial public sector | 19,130,718 | 4,714,572 | 11,013,573 |
Financial public sector | 3,281,932 | 1,668,874 | 4,100,579 |
Non-financial private sector | |||
Overdrafts | 174,729,584 | 79,096,190 | 48,966,016 |
Documents | 156,844,618 | 79,667,890 | 56,858,979 |
Mortgage loans | 145,806,768 | 117,138,656 | 92,705,372 |
Pledge loans | 9,907,765 | 9,268,468 | 6,450,988 |
Personal loans | 244,302,502 | 278,318,665 | 292,010,854 |
Credit cards | 199,061,254 | 126,764,513 | 89,353,520 |
Financial leases | 3,444,764 | 1,073,358 | 511,104 |
Other | 177,790,503 | 83,860,409 | 93,992,554 |
For repo transactions | |||
BCRA | 196,203,904 | 39,348,987 | 51,460,032 |
Other financial institutions | 714,542 | 2,020,986 | 319,551 |
Subtotal Interest and adjustment for the application of the effective interest rate of financial assets measured at amortized cost | 2,312,500,997 | 1,475,503,919 | 795,361,126 |
Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through other comprehensive income | |||
Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through OCI From debt government securities | 133,831,752 | 431,760,073 | 572,112,409 |
Subtotal Interest and adjustment for the application of the effective interest rate of financial assets measured at fair value through OCI | 133,831,752 | 431,760,073 | 572,112,409 |
Total | $ 2,446,332,749 | $ 1,907,263,992 | $ 1,367,473,535 |
Interest Expense - Summary of I
Interest Expense - Summary of Interest Expense (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Non-financial private sector | |||
Checking accounts | $ 111,189,841 | $ 48,198,997 | $ 7,984,396 |
Saving accounts | 18,119,619 | 11,858,081 | 7,502,306 |
Time deposits and investments accounts | 1,453,034,330 | 873,804,922 | 529,310,249 |
Other | 14 | ||
For Financing received from BCRA and other financial institutions | 2,048,973 | 1,575,216 | 948,439 |
For repo transactions | |||
Other financial institutions | 13,873,646 | 3,038,227 | 1,786,840 |
For other financial liabilities | 7,199,999 | 2,650,408 | 146,700 |
For issued corporate bonds | 1,652,176 | 920,032 | 5,229,373 |
For subordinated corporate bonds | 14,180,562 | 14,412,425 | 19,684,477 |
Total | $ 1,621,299,160 | $ 956,458,308 | $ 572,592,780 |
Commissions Income - Summary of
Commissions Income - Summary of Commissions Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fee and commission income [line items] | |||
Fee and commission income | $ 245,712,549 | $ 234,809,397 | $ 224,345,705 |
Performance obligations satisfied at a point in time [member] | Commissions related to obligations [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 137,669,112 | 132,936,263 | 123,560,201 |
Performance obligations satisfied at a point in time [member] | Commissions related to credit cards [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 79,093,028 | 77,162,568 | 73,481,681 |
Performance obligations satisfied at a point in time [member] | Commissions related to insurance [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 12,210,984 | 13,160,484 | 13,860,073 |
Performance obligations satisfied at a point in time [member] | Commissions related to trading and foreign exchange transactions [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 5,092,503 | 4,755,361 | 5,299,559 |
Performance obligations satisfied at a point in time [member] | Commissions related to securities value [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 8,041,734 | 3,934,683 | 4,600,113 |
Performance obligations satisfied at a point in time [member] | Commissions related to loans and other financing [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 1,435,003 | 1,346,940 | 1,005,160 |
Performance obligations satisfied at a point in time [member] | Commissions related to financial guarantees granted [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 548,626 | 32,339 | 35,895 |
Performance obligations satisfied over certain time period [member] | Commissions related to obligations [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 3,716 | 4,893 | 6,624 |
Performance obligations satisfied over certain time period [member] | Commissions related to credit cards [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 1,040,818 | 1,269,694 | 2,230,900 |
Performance obligations satisfied over certain time period [member] | Commissions related to trading and foreign exchange transactions [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | 502,875 | 183,793 | 235,725 |
Performance obligations satisfied over certain time period [member] | Commissions related to loans and other financing [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | $ 74,150 | $ 22,379 | 29,200 |
Performance obligations satisfied over certain time period [member] | Commissions related to financial guarantees granted [member] | |||
Disclosure of fee and commission income [line items] | |||
Fee and commission income | $ 574 |
Commissions Expense - Summary o
Commissions Expense - Summary of Commissions Expense (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of fee and commission expense [line items] | |||
Fee and commission expense | $ 24,943,882 | $ 23,086,499 | $ 21,418,784 |
Commissions related to trading with debt securities [member] | |||
Disclosure of fee and commission expense [line items] | |||
Fee and commission expense | 407,669 | 207,584 | 11,653 |
Commissions related to trading and foreign exchange transactions [member] | |||
Disclosure of fee and commission expense [line items] | |||
Fee and commission expense | 1,517,973 | 777,815 | 928,233 |
Commissions paid ATM exchange [member] | |||
Disclosure of fee and commission expense [line items] | |||
Fee and commission expense | 15,310,094 | 15,491,782 | 14,361,007 |
Checkbooks commissions and clearing houses [Member] | |||
Disclosure of fee and commission expense [line items] | |||
Fee and commission expense | 4,871,269 | 4,314,843 | 3,835,404 |
Credit cards and foreign trade commissions [Member] | |||
Disclosure of fee and commission expense [line items] | |||
Fee and commission expense | $ 2,836,877 | $ 2,294,475 | $ 2,282,487 |
Net Gain from Measurement of _3
Net Gain from Measurement of Financial Instruments at Fair Value Through Profit or Loss - Summary of Net gain from Measurement of Financial Instruments (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | ||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | $ 974,315,271 | $ 140,628,194 | $ 101,180,879 | |
Gain from government securities [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | 865,879,163 | 57,126,332 | 102,604,333 | |
Gain from private securities [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | 69,409,820 | 61,459,868 | 7,539,266 | |
Gain / (loss) from derivative financial instruments Forward transactions [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | 18,037,949 | 2,344,673 | ||
Gain / (loss) from derivative financial instruments Put options [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | (6,343,607) | |||
Gain / (loss) from other financial assets [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | 1,196,753 | (82,161) | (87,773) | |
Gain / (Loss) from sales or decreases of financial assets at fair value | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | [1] | 3,487,653 | 21,021,354 | (6,299,617) |
Gain / (loss) from equity instruments at fair value through profit or loss one [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | 24,116,731 | $ (1,241,872) | 4,336,450 | |
Loss from derivative financial instruments Forwards Transactions [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | $ (568,173) | |||
Loss from derivative financial instruments Option [member] | ||||
Disclosure of financial instruments at fair value through profit or loss [line items] | ||||
Gains (losses) on financial assets at fair value through profit or loss | $ (7,812,798) | |||
[1]Net amount of reclassifications to profit of instruments classified at fair value through other comprehensive income that were derecognized or charged during the fiscal year. |
Differences in Quoted Prices _3
Differences in Quoted Prices of Gold and Foreign Currency - Summary of Difference in Quoted Prices of Gold and Foreign Currency (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Difference in quoted prices of gold and foreign currency [line items] | |||
Translation of foreign currency assets and liabilities into pesos | $ 795,283,241 | $ 190,210,057 | $ 24,863,783 |
Income from foreign currency exchange | 2,934,750 | 3,714,641 | 3,329,122 |
Total | $ 798,217,991 | $ 193,924,698 | $ 28,192,905 |
Other Operating Income - Summar
Other Operating Income - Summary of Other Operating Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Other Non-Operating Income Expense [line items] | |||
Services | $ 39,485,063 | $ 30,073,157 | $ 26,142,728 |
Adjustments and interest from other receivables | 10,609,488 | 7,409,095 | 6,786,797 |
Adjustments from other receivables with CER clauses | 7,790,354 | 5,229,772 | 2,120,949 |
Other receivables from financial intermediation | 5,230,985 | 2,951,962 | 5,710,325 |
Sale of investment property and other non-financial assets | 237,032 | ||
Other | 9,771,579 | 20,284,237 | 6,522,108 |
Operating income | $ 72,887,469 | $ 65,948,223 | $ 47,519,939 |
Employee Benefits - Summary of
Employee Benefits - Summary of Employee Benefits (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Employee Benefits Expense [line items] | |||
Remunerations | $ 188,854,414 | $ 166,849,835 | $ 169,979,792 |
Payroll taxes | 47,630,616 | 41,170,900 | 39,220,338 |
Compensations and bonuses to employees | 33,353,002 | 25,271,715 | 23,703,343 |
Employee services | 8,671,106 | 8,479,122 | 6,589,954 |
Employee expense | $ 278,509,138 | $ 241,771,572 | $ 239,493,427 |
Administrative Expenses - Summa
Administrative Expenses - Summary of Administrative Expenses (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure Of Administrative Expenses [line items] | |||
Taxes | $ 26,941,364 | $ 19,979,498 | $ 17,764,631 |
Fees to directors and syndics | 26,925,241 | 6,150,654 | 4,740,930 |
Maintenance, conservation and repair expenses | 21,441,643 | 19,420,752 | 20,123,079 |
Other fees | 16,572,872 | 11,766,928 | 10,331,148 |
Armored truck, documentation and events | 15,437,848 | 16,422,544 | 17,596,127 |
Security services | 11,899,472 | 11,715,106 | 12,370,028 |
Electricity and communications | 10,395,529 | 10,789,374 | 12,329,521 |
Software | 9,523,176 | 7,761,645 | 9,666,081 |
Advertising and publicity | 9,292,109 | 7,395,622 | 5,293,379 |
Hired administrative services | 3,025,778 | 830,539 | 756,692 |
Representation, travel and transportation expenses | 2,829,322 | 2,127,956 | 1,463,854 |
Insurance | 1,177,393 | 1,285,097 | 1,647,887 |
Stationery and office supplies | 1,069,576 | 846,370 | 764,777 |
Leases | 470,912 | 540,357 | 707,770 |
Other | 7,223,754 | 4,901,315 | 6,321,808 |
Total | $ 164,225,989 | $ 121,933,757 | $ 121,877,712 |
Other Operating Expenses - Summ
Other Operating Expenses - Summary of Other Operating Expense (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of other operating expenses [line items] | |||
Turnover tax | $ 190,149,358 | $ 128,711,123 | $ 109,594,057 |
From credit cards | 61,395,366 | 53,529,578 | 46,642,668 |
Other adjustments and interests for miscellaneous obligations | 9,470,756 | 3,754,386 | 1,570,677 |
Charges for other provisions | 8,790,103 | 7,625,876 | 9,886,274 |
Deposit guarantee fund contributions | 5,707,873 | 5,957,321 | 6,318,981 |
Insurance claims | 2,570,038 | 1,357,839 | 543,355 |
Loss from sale or impairment of investment in properties and other non-financial assets | 1,381,674 | 1,688,836 | 436,439 |
Donations | 1,262,484 | 1,308,743 | 179,039 |
Taxes | 362,433 | 2,624,857 | 2,868,750 |
From administrative, disciplinary and criminal penalties | 252,534 | ||
Other | 40,180,695 | 27,181,079 | 29,432,630 |
Operating expenses | $ 321,270,780 | $ 233,739,638 | $ 207,725,404 |
Additional Disclosures in the_3
Additional Disclosures in the Statement of Cash Flows - Summary of Reconciliation of Cash and Cash Equivalents (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Disclosure of cash and cash equivalents [line items] | ||||
Cash and deposits in banks | $ 1,203,105,095 | $ 778,796,544 | $ 1,045,370,900 | |
Debt securities at fair value through profit or loss | 133,754,676 | 29,481 | ||
Other debt securities | 43,575,623 | 1,553,777,415 | 831,532,788 | |
Loans and other financing | 4,042,417 | 2,757,956 | 3,116,407 | |
Cash and cash equivalents | $ 1,384,477,811 | $ 2,335,331,915 | $ 1,880,049,576 | $ 2,413,599,952 |
Additional Disclosures in the_4
Additional Disclosures in the Statement of Cash Flows - Summary of Additional Information on Operational Cash Flows Interest (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Disclosure of details of cash flows from operating activities [line items] | |||
Interest paid | $ (1,566,575,130) | $ (732,306,511) | $ (749,957,529) |
Interest collected | 2,297,432,458 | 1,825,117,787 | 1,310,191,918 |
Total | $ 730,857,328 | $ 1,092,811,276 | $ 560,234,389 |
Additional Disclosures in the_5
Additional Disclosures in the Statement of Cash Flows - Summary of Additional Information of Changes in Liabilities Arising from Financing Activities (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2023 | Dec. 31, 2022 | Dec. 31, 2021 | |
Financing received from the Central Bank of Argentina and other financial entities | |||
Opening balance | $ 7,627,436 | ||
Payments | (7,598,036) | ||
Movement in accrued interest | 2,048,973 | ||
Derecognition or substantial modification of financial liabilities | 15,117,373 | ||
Difference in quoted prices of foreign currency | 11,453,826 | ||
Monetary effects | (8,850,561) | ||
Ending balance | 19,799,011 | ||
Issued Corporate Bonds | |||
Opening balance | 8,456,451 | ||
Proceeds | 29,477,155 | ||
Payments | (4,877,812) | $ (15,870,950) | $ (24,808,397) |
Movement in accrued interest | 1,652,176 | ||
Derecognition or substantial modification of financial liabilities | 1,521,405 | ||
Difference in quoted prices of foreign currency | 38,301,446 | ||
Monetary effects | (15,666,808) | ||
Ending balance | 58,864,013 | 8,456,451 | |
Subordinated Corporate Bonds | |||
Opening balance | 224,617,825 | ||
Payments | (12,943,001) | (14,493,132) | $ (18,282,715) |
Movement in accrued interest | 14,180,562 | ||
Derecognition or substantial modification of financial liabilities | (507,813) | ||
Difference in quoted prices of foreign currency | 332,838,147 | ||
Monetary effects | (229,957,927) | ||
Ending balance | $ 328,227,793 | $ 224,617,825 |
Capital Stock - Additional info
Capital Stock - Additional information (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 ARS ($) | |
Disclosure of classes of share capital [line items] | |
Issue of Equity | $ 639,413 |
Capital Stock - Summary of Bank
Capital Stock - Summary of Bank's Subscribed and Paid-in Capital (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2023 ARS ($) Vote shares | |
Disclosure of classes of share capital [line items] | |
Number of shares | shares | 639,413,408 |
Capital Stock, Issued and outstanding | $ 639,413 |
Paid in capital stock | $ 639,413 |
Class A Ordinary Shares [member] | |
Disclosure of classes of share capital [line items] | |
Votes per share | Vote | 5 |
Number of shares | shares | 11,235,670 |
Capital Stock, Issued and outstanding | $ 11,236 |
Paid in capital stock | $ 11,236 |
Class B Ordinary Shares [member] | |
Disclosure of classes of share capital [line items] | |
Votes per share | Vote | 1 |
Number of shares | shares | 628,177,738 |
Capital Stock, Issued and outstanding | $ 628,177 |
Paid in capital stock | $ 628,177 |
Earnings_(Loss) Per Share Divid
Earnings/(Loss) Per Share Dividends - Summary of Net Earnings Per Share (Detail) $ / shares in Units, shares in Thousands, $ in Thousands | 12 Months Ended | ||||||||
Apr. 25, 2023 $ / shares | Apr. 29, 2022 $ / shares | Dec. 31, 2023 ARS ($) $ / shares shares | Dec. 31, 2022 ARS ($) $ / shares shares | Dec. 31, 2021 ARS ($) $ / shares shares | |||||
Profit (loss), attributable to ordinary equity holders of parent entity [abstract] | |||||||||
Net profit attributable to parent's shareholders | $ | $ 587,324,400 | $ 126,950,267 | $ 138,744,986 | ||||||
Net profit attributable to parent's shareholders adjusted for dilution | $ | [1] | $ 587,324,400 | $ 126,950,267 | $ 138,744,986 | |||||
Weighted average of outstanding common shares of the fiscal year | shares | [1] | 639,413 | 639,413 | 639,413 | |||||
Weighted average of outstanding common shares of the fiscal year adjusted for dilution | shares | [1] | 639,413 | 639,413 | 639,413 | |||||
Basic earnings per share (in pesos) | (per share) | $ 22.18 | $ 22.18 | $ 918.5368 | [1] | $ 198.5419 | [1] | $ 216.9881 | [1] | |
[1]The Bank does not have any financial instrument that should be considered as diluted. Therefore, basic and dilutive earning per share is the same amount. |
Earnings Per Share Dividends -
Earnings Per Share Dividends - Additional Information (Detail) $ / shares in Units, $ in Thousands | 12 Months Ended | |||||||||||||
Apr. 12, 2024 ARS ($) | Apr. 12, 2024 $ / shares | Sep. 29, 2023 ARS ($) | Apr. 25, 2023 ARS ($) $ / shares | Apr. 25, 2023 $ / shares | May 12, 2022 ARS ($) | Apr. 29, 2022 ARS ($) $ / shares | Dec. 16, 2021 | Dec. 31, 2023 $ / shares | [1] | Dec. 31, 2022 $ / shares | [1] | Dec. 31, 2021 ARS ($) $ / shares | ||
Earnings per share [line items] | ||||||||||||||
Basic earnings (loss) per share | (per share) | $ 22.18 | $ 22.18 | $ 918.5368 | $ 198.5419 | $ 216.9881 | [1] | ||||||||
Dividends distribution | $ 14,187,873 | $ 77,886,932 | ||||||||||||
Percentage on distribution of earnings | 40% | 20% | ||||||||||||
Distribution of earnings in instalments | 6 months | 12 months | ||||||||||||
Dividends payables | $ 6,828,971 | $ 26,580,415 | ||||||||||||
Reserve for Dividends Pending Authorization limit | $ 21,016,844 | |||||||||||||
Dividend Distribution [member] | ||||||||||||||
Earnings per share [line items] | ||||||||||||||
Basic earnings (loss) per share | $ / shares | $ 117.36 | |||||||||||||
Dividends distribution | $ 294,130,168 | $ 75,040,918 | ||||||||||||
Dividend Proposed To Be Distributed [Member] | ||||||||||||||
Earnings per share [line items] | ||||||||||||||
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners | $ 294,130,168 | |||||||||||||
Dividends proposed or declared before financial statements authorised for issue but not recognised as distribution to owners per share | $ / shares | $ 460 | |||||||||||||
BMA Banco Macro S A [Member] | ||||||||||||||
Earnings per share [line items] | ||||||||||||||
Dividends distribution | $ 19,751,444 | |||||||||||||
Commercio Interior SAU [Member] | ||||||||||||||
Earnings per share [line items] | ||||||||||||||
Dividends distribution | $ 440,000 | |||||||||||||
[1]The Bank does not have any financial instrument that should be considered as diluted. Therefore, basic and dilutive earning per share is the same amount. |
Deposit Guarantee Insurance - S
Deposit Guarantee Insurance - Summary of Entity's Interest in the Capital Stock (Detail) - BCRA Communique B [member] | Mar. 22, 2023 |
Banco Macro SA Bizland SAU Union Transitoria [Member] | |
Disclosure Of Entity Interest In Captial Stock [Line Items] | |
percentage capital interest | 7.6285% |
Banco BMA SA [Member] | |
Disclosure Of Entity Interest In Captial Stock [Line Items] | |
percentage capital interest | 1.6414% |
Deposit Guarantee Insurance - A
Deposit Guarantee Insurance - Additional Information (Detail) - ARS ($) $ in Thousands | Apr. 01, 2024 | Dec. 31, 2023 |
Disclosure Of Guarantees [line items] | ||
Deposit amount | $ 6,000 | |
Notification By BCRA Threshold Limits Of Deposit Of Customers Raised [Member] | ||
Disclosure Of Guarantees [line items] | ||
Deposit guarantee through insurance maximum amount | $ 25,000 |
Restricted Assets - Summary of
Restricted Assets - Summary of Restricted Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of restricted assets [line items] | |||
Restricted assets | $ 167,585,533 | $ 127,360,727 | |
Financial assets delivered as guarantee | 132,891,084 | 95,353,885 | |
Cash and Deposits [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 1,051 | 181 | |
Cash and Deposits [Member] | Fondo De Riesgo Fintech Sgr Risk Funds [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | [1] | 1,051 | 181 |
Debt securities at fair value through profit or loss and other debt securities [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 16,486,615 | 15,927,641 | |
Debt securities at fair value through profit or loss and other debt securities [member] | Fondo De Riesgo Fintech Sgr Risk Funds [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | [1] | 13,198,194 | 14,764,011 |
Debt securities at fair value through profit or loss and other debt securities [member] | Discount bonds one [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 948,601 | ||
Debt securities at fair value through profit or loss and other debt securities [member] | Discount bonds two [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 273,824 | 289,160 | |
Debt securities at fair value through profit or loss and other debt securities [member] | Discount bonds three [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 142,642 | 259,462 | |
Debt securities at fair value through profit or loss and other debt securities [member] | Discount bonds four [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 15,046 | 104,888 | |
Debt securities at fair value through profit or loss and other debt securities [member] | Argentine Government Discount Bonds In Dual Currency Maturity Twenty Eight February Two Thousand Twenty Four [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 1,270,908 | 46,372 | |
Debt securities at fair value through profit or loss and other debt securities [member] | Argentine Government Treasury Bonds In Pesos Adjusted By Cer 2 Maturity Eleventh September Two Thousand And Twenty Three [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 236,952 | ||
Debt securities at fair value through profit or loss and other debt securities [member] | Argentine Government Treasury Bills In Pesos Adjusted By Cer Maturity Seventeenth February Two Thousand And Twenty Three [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 463,748 | ||
Debt securities at fair value through profit or loss and other debt securities [member] | Other [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 400,448 | ||
Other Financial Assets One [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 10,565,339 | 8,374,143 | |
Other Financial Assets One [member] | Fondo De Riesgo Fintech Sgr Risk Funds [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | [1] | 1,768,691 | 375,252 |
Other Financial Assets One [member] | Financial instruments for minimum statutory guarantee account [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 338,679 | 452,946 | |
Other Financial Assets One [member] | Sundry debtors one [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 285,858 | 27,363 | |
Other Financial Assets One [member] | Sundry debtors two [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 827 | 2,575 | |
Other Financial Assets One [member] | Interests derived from contributions made as contributing partner [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | [2] | 8,171,284 | 7,516,007 |
Loans and other financing [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 190,204 | 15,882 | |
Loans and other financing [member] | Fondo De Riesgo Fintech Sgr Risk Funds [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | [1] | 190,204 | 15,882 |
Guarantee one [member] | |||
Disclosure of restricted assets [line items] | |||
Financial assets delivered as guarantee | 68,117,546 | 77,305,537 | |
Guarantee two [member] | |||
Disclosure of restricted assets [line items] | |||
Financial assets delivered as guarantee | 30,446,725 | ||
Guarantee three [member] | |||
Disclosure of restricted assets [line items] | |||
Financial assets delivered as guarantee | 8,498,400 | 12,591,964 | |
Guarantee four [member] | |||
Disclosure of restricted assets [line items] | |||
Financial assets delivered as guarantee | 25,828,413 | 5,456,384 | |
Other non-financial assets [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 7,451,240 | 7,688,995 | |
Other non-financial assets [member] | Real property [member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | 7,440,213 | 7,648,643 | |
Other non-financial assets [member] | Fondo Diego Fintech SGR Other Non Financial Assets [Member] | |||
Disclosure of restricted assets [line items] | |||
Restricted assets | [1] | $ 11,027 | $ 40,352 |
[1]According to Law 24467, as amended, and Fintech SGR By-Law, this entity has a risk fund (“Fondo de Riesgo”) which its main objective is to cover the guarantees granted to the protector partners and third parties. The assets of the risk fund could only be applied to partners’ withdrawals, to cover guarantees and other direct expenses.[2]As of December 31, 2023 it is related to the risk fund Fintech SGR, Alianza SGR and Innova SGR. As of December 31, 2022 it is related to the risk fund Fintech SGR and Garantizar SGR. In order to keep tax benefits related to these contributions, they must be maintained between two and three years from the date they were made. |
Trust Activities - Additional I
Trust Activities - Additional Information (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of trust activities [line items] | ||
Debt securities and certificates of participation in financial trusts | $ 877,222 | $ 2,961,172 |
Assets transferred by the Bank | 2,636 | 36,372 |
Assets managed by the Bank | 801,979 | 8,474,233 |
Bank Trust [member] | ||
Disclosure of trust activities [line items] | ||
Assets managed by the Bank | $ 36,828,076 | $ 55,463,790 |
Mutual Funds Depositary Funct_3
Mutual Funds Depositary Function - Summary of Shares Held in Mutual Funds Subscribed by Third Parties and Assets from Mutual Funds (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of mutual funds depositary function [line items] | ||
Equity | $ 3,213,841 | $ 2,614,136 |
Banco Macro SA [member] | Argenfunds Abierto Pymes [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 3,395,118,210 | |
Equity | $ 36,292,401 | |
Banco Macro SA [member] | Argenfunds Ahorro Pesos [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 219,019,594 | |
Equity | $ 12,869,141 | |
Banco Macro SA [member] | Argenfunds Gestin Pesos [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 100,000 | |
Equity | $ 100 | |
Banco Macro SA [member] | Argenfunds Infraestructura [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 53,634 | |
Equity | $ 186 | |
Banco Macro SA [member] | Argenfunds Inversin Dlares [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 1,000 | |
Equity | $ 808 | |
Banco Macro SA [member] | Argenfunds Inversin Pesos [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 1,257,894,708 | |
Equity | $ 3,070,031 | |
Banco Macro SA [member] | Argenfunds Liquidez [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 8,185,225,762 | |
Equity | $ 62,665,262 | |
Banco Macro SA [member] | Argenfunds Renta Argentina [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 276,239,550 | |
Equity | $ 16,986,764 | |
Banco Macro SA [member] | Argenfunds Renta Balanceada [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 576,696,850 | |
Equity | $ 22,620,396 | |
Banco Macro SA [member] | Argenfunds Renta Capital [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 17,395,743 | |
Equity | $ 14,401,148 | |
Banco Macro SA [member] | Argenfunds Renta Crecimiento [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 3,561,871 | |
Equity | $ 2,829,405 | |
Banco Macro SA [member] | Argenfunds Renta Dinamica [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 87,902,584,421 | |
Equity | $ 16,207,766 | |
Banco Macro SA [member] | Argenfunds Renta Fija [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 562,316,270 | |
Equity | $ 56,361,740 | |
Banco Macro SA [member] | Argenfunds Renta Flexible [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 46,040,329 | |
Equity | $ 758,656 | |
Banco Macro SA [member] | Argenfunds Renta Global [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 320,257,696 | |
Equity | $ 6,959,975 | |
Banco Macro SA [member] | Argenfunds Renta Mixta [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 230,289,873 | |
Equity | $ 2,556,714 | |
Banco Macro SA [member] | Argenfunds Renta Mixta Plus [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 1,352,780 | |
Equity | $ 985,752 | |
Banco Macro SA [member] | Argenfunds Renta Pesos [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 96,499,608 | |
Equity | $ 7,014,721 | |
Banco Macro SA [member] | Argenfunds Renta Total [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 548,961,979 | |
Equity | $ 2,400,303 | |
Banco Macro SA [member] | Argenfunds Renta Variable [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 464,860,603 | |
Equity | $ 135,231 | |
Banco Macro SA [member] | Argenfunds Retorno Absoluto [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 183,704,189 | |
Equity | $ 2,234,105 | |
Banco Macro SA [member] | Pionero Acciones [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 27,311,674 | |
Equity | $ 15,077,147 | |
Banco Macro SA [member] | Pionero Ahorro Dolares [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 18,783,148 | |
Equity | $ 14,784,099 | |
Banco Macro SA [member] | Pionero argentina bicentenario [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 424,876,097 | |
Equity | $ 10,334,738 | |
Banco Macro SA [member] | Pionero Capital [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 13,010 | |
Equity | $ 103 | |
Banco Macro SA [member] | Pionero Crecimiento [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 3,263,377,175 | |
Equity | $ 13,407,144 | |
Banco Macro SA [member] | Pionero Desarrollo [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 6,946,940,217 | |
Equity | $ 30,817,687 | |
Banco Macro SA [member] | Pionero Empresas FCI Abierto PYMES [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 380,820,096 | |
Equity | $ 11,768,957 | |
Banco Macro SA [member] | Pionero FF [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 58,593,299 | |
Equity | $ 5,008,037 | |
Banco Macro SA [member] | Pionero Gestion [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 2,151,203,219 | |
Equity | $ 27,550,902 | |
Banco Macro SA [member] | Pionero Infraestructura [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 3,578,769,248 | |
Equity | $ 10,156,263 | |
Banco Macro SA [member] | Pionero Pesos [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 1,624,969,051 | |
Equity | $ 67,068,175 | |
Banco Macro SA [member] | Pionero Pesos Plus [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 26,250,833,465 | |
Equity | $ 650,275,506 | |
Banco Macro SA [member] | Pionero Recovery [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 100,000 | |
Equity | $ 100 | |
Banco Macro SA [member] | Pionero Renta [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 53,983,122 | |
Equity | $ 31,550,753 | |
Banco Macro SA [member] | Pionero Renta Ahorro [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 215,602,532 | |
Equity | $ 22,807,841 | |
Banco Macro SA [member] | Pionero Renta Ahorro Plus [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 1,839,539,908 | |
Equity | $ 52,100,083 | |
Banco Macro SA [member] | Pionero Renta Balanceado [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 12,720,486,020 | |
Equity | $ 62,534,628 | |
Banco Macro SA [member] | Pionero Renta Estrategico [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 720,930,495 | |
Equity | $ 19,291,981 | |
Banco Macro SA [member] | Pionero renta fija dolares [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 4,758,144 | |
Equity | $ 3,476,567 | |
Banco Macro SA [member] | Pionero Renta Mixta I [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 161,169,380 | |
Equity | $ 8,350,541 | |
Banco Macro SA [member] | Pionero Retorno [member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 2,172,232,683 | |
Equity | $ 10,434,490 | |
Banco BMA SAU [member] | Goal Acciones Argentinas [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 17,875 | |
Equity | $ 2,175,816 | |
Banco BMA SAU [member] | Goal Renta Crecimiento [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 33,615,635 | |
Equity | $ 22,825,724 | |
Banco BMA SAU [member] | Goal Acciones Plus [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 5,318,532 | |
Equity | $ 553,163 | |
Banco BMA SAU [member] | Goal Capital Plus [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 60,324,684 | |
Equity | $ 1,285,791 | |
Banco BMA SAU [member] | Goal Ahorro Max [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 159,716,379 | |
Equity | $ 7,194,264 | |
Banco BMA SAU [member] | Goal Multiestrategia [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 110,000 | |
Equity | $ 145 | |
Banco BMA SAU [member] | Goal Multiestrategia Plus [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 110,000 | |
Equity | $ 145 | |
Banco BMA SAU [member] | Goal Perfomance [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 65,332,675 | |
Equity | $ 4,551,112 | |
Banco BMA SAU [member] | Goal Perfomance II [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 247,952 | |
Equity | $ 6,343 | |
Banco BMA SAU [member] | Goal Perfomance III [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 469,324,626 | |
Equity | $ 15,609,164 | |
Banco BMA SAU [member] | Goal Pesos [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 2,950,257,655 | |
Equity | $ 288,310,870 | |
Banco BMA SAU [member] | Goal Premium [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 4,157,507 | |
Equity | $ 8,975 | |
Banco BMA SAU [member] | Goal Renta Dlares [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 6,268,286 | |
Equity | $ 5,798,773 | |
Banco BMA SAU [member] | Goal Renta Dlares Estrategia [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 4,984,690 | |
Equity | $ 4,472,663 | |
Banco BMA SAU [member] | Goal Renta Dlares Plus [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 1,380,938 | |
Equity | $ 1,054,945 | |
Banco BMA SAU [member] | Goal Renta Global [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 324,102,023 | |
Equity | $ 32,509,640 | |
Banco BMA SAU [member] | Goal Retorno Total [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 16,131,946 | |
Equity | $ 641,377 | |
Banco BMA SAU [member] | Goal Renta Pesos [Member] | ||
Disclosure of mutual funds depositary function [line items] | ||
Number of shares | 17,360,304 | |
Equity | $ 1,218,521 |
Accounting Items That Identif_3
Accounting Items That Identify the Compliance With Minimum Cash Requirements - Summary of Minimum Cash Requirement Constitute by Bank (Detail) | Dec. 31, 2023 ARS ($) |
Banco Macro SA [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | $ 511,992,027 |
Banco BMA SAU [Member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | 228,239,300 |
BCRA accounts [member] | Banco Macro SA [member] | Cash and deposits in banks [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | 339,996,978 |
BCRA accounts [member] | Banco BMA SAU [Member] | Cash and deposits in banks [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | 175,949,238 |
Government securities [member] | Banco Macro SA [member] | Other debt securities 1 [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | 114,801,555 |
Government securities [member] | Banco BMA SAU [Member] | Other debt securities 1 [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | 43,123,027 |
Special guarantees accounts in the BCRA [member] | Banco Macro SA [member] | Financial assets delivered as guarantee [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | 57,193,494 |
Special guarantees accounts in the BCRA [member] | Banco BMA SAU [Member] | Financial assets delivered as guarantee [member] | |
Disclosure of accounts showing compliance with minimum cash requirements [line items] | |
Cash requirement constitute by bank | $ 9,167,035 |
Corporate Bonds Issuance - Summ
Corporate Bonds Issuance - Summary of Corporate Bond Liabilities (Detail) $ in Thousands, $ in Thousands | Dec. 31, 2023 USD ($) | Dec. 31, 2023 ARS ($) | Dec. 31, 2022 ARS ($) | |
Disclosure of external credit grades [line items] | ||||
Corporate bonds issuance | $ 382,103,788 | $ 233,074,276 | ||
Subordinated Resettable - Class A [member] | ||||
Disclosure of external credit grades [line items] | ||||
Original value | [1] | $ 400,000,000 | ||
Residual face value | 400,000,000 | |||
Corporate bonds issuance | 328,227,793 | 224,617,825 | ||
Non-subordinated – Class E [member] | ||||
Disclosure of external credit grades [line items] | ||||
Original value | [2] | 17,000,000 | ||
Residual face value | 17,000,000 | |||
Corporate bonds issuance | 12,455,209 | $ 8,456,451 | ||
Non-subordinated – Class F [member] | ||||
Disclosure of external credit grades [line items] | ||||
Original value | [3] | 53,000,000 | ||
Residual face value | $ 53,000,000 | |||
Corporate bonds issuance | $ 41,420,786 | |||
[1]On November 4, 2016, under the abovementioned Global Program, the Bank issued Subordinated Resettable Corporate Bonds, class A, at a fixed rate of 6.750% p.a. until reset date, fully amortizable upon maturity (November 4, 2026) for a face value of USD 400,000,000 (four hundred million US dollars), under the terms and conditions set forth in the pricing supplement dated October 21, 2016. Interest is paid semiannually on May 4 and November 4 of every year and the reset date was November 4, 2021. As of the date of issuance of these consolidated Financial Statements, the reset rate was established until the maturity date at 6.643% as a result of the benchmark reset rate plus 546.3 basis points, according to the abovementioned terms and conditions. As the Bank had not exercised the option to fully or partially redeem the issuance on the reset date and under the conditions established in the pricing supplement, it was established up to maturity.[2]On May 2, 2022, under the abovementioned Global Program, the Bank issued Class E non-subordinated simple corporate bonds not convertible into shares, for a face value of USD 17,000,000 at a fixed rate of 1.45%, fully amortizable upon maturity (May 2, 2024), under the terms and conditions set forth in the price supplement dated April 21, 2022. Interest is paid quarterly on August 2, 2022, November 2, 2022, February 2, 2023, May 2, 2023, August 2, 2023, November 2, 2023, February 2, 2024, and May 2, 2024. At any time, according to the current regulations, particularly the BCRA’s foreign exchange regulations, the Bank may opt to redeem, Class E Corporate Bonds in full, not partially, at a price equal to (a) 102% of the outstanding principal if the Bank decides to make the redemption from the date of issuance and settlement through the term of 9 months therefrom, including the last business day; (b) 101% of outstanding principal if the Bank decides to make the redemption within the term starting 9 months after the date of issuance and settlement until the Class E maturity date, in all cases, along with the additional amount and accrued and unpaid interest, excluding the redemption date.[3]On October 31, 2023, under the abovementioned Global Program, the Bank issued Class F corporate bonds for a face value of USD 53,000,000 (fifty-three million US dollars) at a fixed rate of 5%, fully amortizable upon maturity (October 31, 2024), under the terms and conditions set forth in the price supplement dated October 24, 2023. Interest is paid semiannually on April 30, 2024, and at the expiration date. At any time, according to the current regulations, particularly the BCRA’s foreign exchange regulations, the Bank may opt to redeem Class F corporate bonds in full, but not partially, at a price equal to (a) 102% of the outstanding principal if the Bank decides to redeem the bonds between the date of issuance and settlement date through the term of 9 months therefrom, including the last business day; (b) 101% of outstanding principal if the Bank decides to redeem them within the term starting 9 months after the date of issuance and settlement through Class F corporate bonds maturity date; in any case, along with the additional amounts and accrued and unpaid interest, excluding the redemption date. |
Corporate Bonds Issuance - Su_2
Corporate Bonds Issuance - Summary of Corporate Bond Liabilities (Parenthetical) (Detail) - USD ($) | Oct. 31, 2023 | May 02, 2022 | Nov. 04, 2016 | Dec. 31, 2023 |
Disclosure of external credit grades [line items] | ||||
Corporate bond fixed rate | 6.643% | |||
Subordinated Resettable – Class A | ||||
Disclosure of external credit grades [line items] | ||||
Corporate bond fixed rate | 6.75% | |||
Corporate bond face value | $ 400,000,000 | |||
Corporate bonds benchmark reset rate | 5.463 | |||
Non-subordinated – Class E | ||||
Disclosure of external credit grades [line items] | ||||
Debt instrument face value | $ 17,000,000 | |||
Borrowings interest rate | 1.45% | |||
Borrowings maturity | May 2, 2024 | |||
Percentage Of The Remaining Principal Amount Redeemable in Case The Bonds Are Redeemed Within Nine Months From The Date Of Issuance | 102% | |||
Percentage Of Principal Amount Redeemable In Case Bonds Are Redeemed During The Term After Nine Months From The Date Of Issuance Date But Before The Due Date Of Redemption | 101% | |||
Non-subordinated – Class F [member] | ||||
Disclosure of external credit grades [line items] | ||||
Debt instrument face value | $ 53,000,000,000 | |||
Borrowings interest rate | 5% | |||
Borrowings maturity | April 30, 2024 | |||
Non-subordinated – Class F [member] | Within Nine Months From The Date Of Issuance [Member] | ||||
Disclosure of external credit grades [line items] | ||||
Debt instrument redemption as a percentage of principal amount | 102% | |||
Non-subordinated – Class F [member] | After Expiry Of Nine Months From The Date Of Issuance And Before Maturity Date [Member] | ||||
Disclosure of external credit grades [line items] | ||||
Debt instrument redemption as a percentage of principal amount | 101% |
Corporate Bonds Issuance - Su_3
Corporate Bonds Issuance - Summary of the Corporate Liabilities by Banco BMA SAU (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure In Tabular Form Of Corporate Bonds Issued By One Of The Subsidiary Companies [Line Items] | ||
Corporate bonds issuance | $ 382,103,788 | $ 233,074,276 |
Bano BMA SAU [Member] | ||
Disclosure In Tabular Form Of Corporate Bonds Issued By One Of The Subsidiary Companies [Line Items] | ||
Corporate bonds issuance | 4,988,018 | |
Bano BMA SAU [Member] | Non Subordinated Corporate Bonds Series Thirteen [Member] | ||
Disclosure In Tabular Form Of Corporate Bonds Issued By One Of The Subsidiary Companies [Line Items] | ||
Original value | 1,000,000,000 | |
Residual face value | 1,000,000,000 | |
Corporate bonds issuance | $ 4,988,018 |
Corporate Bonds Issuance - Addi
Corporate Bonds Issuance - Additional Information (Detail) - USD ($) | 2 Months Ended | |||||||
Mar. 14, 2022 | Dec. 31, 2021 | Apr. 27, 2018 | Apr. 28, 2017 | Apr. 26, 2016 | Apr. 09, 2013 | Apr. 30, 2008 | Feb. 29, 2008 | |
Bano BMA SAU [Member] | ||||||||
Disclosure of corporate bond liabilities [line items] | ||||||||
Debt instrument face value | $ 350,000,000 | $ 250,000,000 | $ 250,000,000 | |||||
Subordinated Resettable – Class A | ||||||||
Disclosure of corporate bond liabilities [line items] | ||||||||
Borrowings Term Of Extension | 5 years | |||||||
Subordinated Resettable – Class A | Maximum Average Term [member] | ||||||||
Disclosure of corporate bond liabilities [line items] | ||||||||
Corporate bond outstanding amount | $ 2,500,000,000 | $ 1,500,000,000 | $ 1,000,000,000 | |||||
Subordinated Resettable – Class A | Maximum Average Term [member] | Previously stated [member] | ||||||||
Disclosure of corporate bond liabilities [line items] | ||||||||
Corporate bond outstanding amount | $ 1,500,000,000 | |||||||
Non Subordinated Corporate Bonds Series Thirteen [Member] | Bano BMA SAU [Member] | ||||||||
Disclosure of corporate bond liabilities [line items] | ||||||||
Borrowings maturity | August 18, 2025 | |||||||
Borrowings, adjustment to interest rate basis | 2.78% |
Off Balance Sheet Transaction_2
Off Balance Sheet Transactions - Schedule of Different Off Balance Sheet Transactions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of financial investments [line items] | |||
Custody of government and private securities and other assets held by third parties | $ 3,487,291,513 | $ 2,257,608,251 | |
Preferred and other collaterals received from customers | [1] | 804,907,126 | 583,896,569 |
Securities received guarantee repurchase transactions | 679,456,540 | 212,163,266 | |
Outstanding checks not yet paid | 79,104,701 | 62,104,463 | |
Checks already deposited and pending clearance | 109,014,652 | 52,405,298 | |
Written-off credits | $ 29,954,761 | $ 20,246,250 | |
[1]Related to collaterals used to secure loans transactions and other financing, under the applicable rules in force on this matter. |
Restriction on Dividends Dist_2
Restriction on Dividends Distribution - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||||
Apr. 12, 2024 | Apr. 25, 2023 | Apr. 29, 2022 | Dec. 31, 2023 | Dec. 31, 2021 | Dec. 31, 2022 | |
Disclosure restrictions to dividends distribution [line items] | ||||||
Dividends recognised as distributions to owners | $ 14,187,873 | $ 77,886,932 | ||||
Debit amounts of Other comprehensive income | $ 1,839,683 | |||||
Unappropriated retained earnings | $ 587,913,905 | (383,821,734) | $ (376,931,163) | |||
Dividend Distribution [member] | ||||||
Disclosure restrictions to dividends distribution [line items] | ||||||
Dividends recognised as distributions to owners | 294,130,168 | $ 75,040,918 | ||||
Unappropriated retained earnings [member] | ||||||
Disclosure restrictions to dividends distribution [line items] | ||||||
Normative reserve | 66,647,815 | |||||
Nominal value of normative reserve | $ 3,475,669 | |||||
Banco Macro SA [member] | ||||||
Disclosure restrictions to dividends distribution [line items] | ||||||
Percentage of legal retained earnings | 20% | |||||
Banco Macro SA [member] | Earnings Distribution Transactions [Member] | ||||||
Disclosure restrictions to dividends distribution [line items] | ||||||
Amount presented in other comprehensive income realized at derecognition applied to legal reserve | 117,460,821 | |||||
Amount presented in other comprehensive income realized at derecognition applied to property tax expense | 1,737,775 | |||||
Amount presented in other comprehensive income realized at derecognition applied to facultative reserve for future distribution of earnings | $ 468,715,309 |
Capital Management, Corporate_3
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Banks's Shareholders (Detail) | 12 Months Ended |
Dec. 31, 2023 | |
Fideicomiso de Garantía JHB BMA | |
Disclosure of ownership structure of shareholders [line items] | |
Participating Interest | 17.28% |
Voting Interest | 19.65% |
Carballo Delfin Jorge Ezequiel [member] | |
Disclosure of ownership structure of shareholders [line items] | |
Participating Interest | 19.26% |
Voting Interest | 20.86% |
ANSES FGS Law No. 26425 [member] | |
Disclosure of ownership structure of shareholders [line items] | |
Participating Interest | 28.80% |
Voting Interest | 26.91% |
Grouped shareholders (Local stock exchanges) [member] | |
Disclosure of ownership structure of shareholders [line items] | |
Participating Interest | 11.43% |
Voting Interest | 10.87% |
Grouped shareholders (Foreign stock exchanges) [member] | |
Disclosure of ownership structure of shareholders [line items] | |
Participating Interest | 23.23% |
Voting Interest | 21.71% |
Capital Management, Corporate_4
Capital Management, Corporate Governance Transparency Policy and Risk Management - Additional Information (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 Board_member Branches | Dec. 31, 2022 ARS ($) | |
Disclosure of detailed information about financial instruments [line items] | ||
Number of board of directors | Board_member | 11 | |
Number of independent directors | Board_member | 5 | |
Percentage of high liquidity assets portfolio | 25% | |
Percentage of confidence level | 99% | 99% |
Probability Of Default Estimated Life | 12 months | |
Expected credit loss rate | 99% | |
current scenario from negative real interest rates [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Additional allowance recognized in profit or loss allowance account for credit losses of financial assets | $ | $ 5,720,558 | |
Negative Impact On The Quality Of Consumer Credit Portfolio And The Behavious of Mipymes [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Additional allowance recognized in profit or loss allowance account for credit losses of financial assets | $ | $ 10,978,134 | |
Medium Sized Segments Of Comparable Commercial Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of arrear days upon impairment | 90 days | |
Consumption Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of arrear days upon impairment | 90 days | |
Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Payment made by refinanced customers as a percentage of capital owed | 20% | |
Maximum Average Term [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Expected credit loss rate | 99.90% | |
Maximum Average Term [member] | No Low Risk Customer [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of arrear days upon impairment | 90 days | |
Maximum Average Term [member] | Nonlow Risk [Member] | Stage 2 [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of arrear days upon impairment | 30 days | |
Bottom of range [member] | No Low Risk Customer [Member] | Stage 2 [Member] | Consumption Portfolio And Comparable Commercial Portfolio [Member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of arrear days upon impairment | 90 days | |
Banco Macro SA [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Number of branches | Branches | 519 |
Capital Management, Corporate_5
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Minimum Capital Requirements Measured on Consolidated Basis (Detail) | Dec. 31, 2023 ARS ($) |
Disclosure of minimum capital requirements [line items] | |
Minimum capital requirements | $ 403,496,688 |
Computable equity | 1,752,831,979 |
Capital surplus | $ 1,349,335,291 |
Capital Management, Corporate_6
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Minimum Capital Requirements Measured on Consolidated Basis (Parenthetical) (Detail) $ in Thousands | Dec. 31, 2023 ARS ($) |
Disclosure of minimum capital requirements [abstract] | |
Excess of threshold limits for financing to the non financial public sector | $ 95,724,622 |
Percentage variation in the deposits of individuals partnerships and corporations | 50% |
Capital Management, Corporate_7
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Credit losses Splitted by Class of Financial instrument (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | $ 57,348,555 | $ 38,083,797 |
Loans and other financing [member] | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | 53,648,800 | 34,262,639 |
Loans commitment [Member] | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | 2,176,655 | 2,403,512 |
Other debt securities at amortized cost [member] | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | 870,824 | 1,043,200 |
Other financial assets [Member] | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | 595,276 | 283,507 |
Other debt securities at fair value through OCI [member] | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | 55,826 | $ 90,939 |
Financial assets delivered as guarantee [member] | ||
Disclosure of financial assets [line items] | ||
Allowance account for credit losses of financial assets | $ 1,174 |
Capital Management, Corporate_8
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Bank's Internal Credit Rating Grades (Detail) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 100% | 100% |
Performing [member] | ||
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 96.32% | 97.32% |
Weighted PD | 1.13% | 1.54% |
High grade [member] | ||
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 88.70% | 89.01% |
Weighted PD | 0.66% | 0.93% |
Standard grade [member] | ||
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 4.53% | 4.43% |
Weighted PD | 4.06% | 5% |
Sub-standard grade [member] | ||
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 3.09% | 3.88% |
Weighted PD | 10.39% | 11.58% |
Past due but not impaired [member] | ||
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 2.62% | 1.86% |
Weighted PD | 46.56% | 29.73% |
Impaired [Member] | ||
Disclosure of internal credit grades [line items] | ||
% of Gross Carrying Amount | 1.06% | 0.82% |
Weighted PD | 100% | 100% |
Capital Management, Corporate_9
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Key Economic Variables or Assumptions (Detail) | 12 Months Ended |
Dec. 31, 2023 | |
Base case [member] | Over 12 months and up to 24 months [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | (2.03%) |
Interest rates | 106.52% |
CPI | 298.10% |
Base case [member] | Later than two years and not later than three years [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 8.46% |
Interest rates | 71% |
CPI | 96.98% |
Base case [member] | Later than three years and not later than four years [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 1.46% |
Interest rates | 46.50% |
CPI | 55.61% |
Alternative 1 [member] | Over 12 months and up to 24 months [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | (3.55%) |
Interest rates | 129.99% |
CPI | 386.28% |
Alternative 1 [member] | Later than two years and not later than three years [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 6.96% |
Interest rates | 96.50% |
CPI | 147.79% |
Alternative 1 [member] | Later than three years and not later than four years [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 1.04% |
Interest rates | 67.50% |
CPI | 90.10% |
Alternative 2 [member] | Over 12 months and up to 24 months [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | (4.51%) |
Interest rates | 140.42% |
CPI | 427.33% |
Alternative 2 [member] | Later than two years and not later than three years [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 5.04% |
Interest rates | 133.19% |
CPI | 257.21% |
Alternative 2 [member] | Later than three years and not later than four years [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 1.55% |
Interest rates | 118.50% |
CPI | 150.31% |
Probability of default [member] | Base case [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 60% |
Interest rates | 60% |
CPI | 60% |
Probability of default [member] | Alternative 1 [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 30% |
Interest rates | 30% |
CPI | 30% |
Probability of default [member] | Alternative 2 [member] | |
Disclosure of external credit grades [line items] | |
GDP growth | 10% |
Interest rates | 10% |
CPI | 10% |
Capital Management, Corporat_10
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of modified and forborne loans (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure of detailed information about financial instruments [line items] | ||
Amortized costs of financial assets modified during the period | $ 4,469,175 | $ 558,063 |
Net modification | $ 5,008,400 | $ 1,343,724 |
Capital Management, Corporat_11
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Aging Analysis of Performing Loans in Arrears (Detail) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Not later than one month [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 99.90% | 99.80% |
Not later than one month [member] | Commercial loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 100% | 98.80% |
Not later than one month [member] | Commercial loans comparable to consumer [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 99.80% | 99.90% |
Not later than one month [member] | Consumer loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 100% | 100% |
Later than one month and not later than three months [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0.10% | 0.20% |
Later than one month and not later than three months [member] | Commercial loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 1.20% |
Later than one month and not later than three months [member] | Commercial loans comparable to consumer [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0.20% | 0.10% |
Later than one month and not later than three months [member] | Consumer loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than three months and not later than six months [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than three months and not later than six months [member] | Commercial loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than three months and not later than six months [member] | Commercial loans comparable to consumer [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than three months and not later than six months [member] | Consumer loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than six months and not later than one year [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than six months and not later than one year [member] | Commercial loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than six months and not later than one year [member] | Commercial loans comparable to consumer [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than six months and not later than one year [member] | Consumer loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than one year [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than one year [member] | Commercial loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than one year [member] | Commercial loans comparable to consumer [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Later than one year [member] | Consumer loans [member] | ||
Disclosure of aging analysis of performing loans in arrears [Line Items] | ||
Percentage of performing loan in arrears | 0% | 0% |
Capital Management, Corporat_12
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Risk Concentration by Industry for the Components of the Statement of Financial Position (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure of detailed information about financial instruments [line items] | ||
Loans and other financing | $ 1,887,306,653 | $ 1,898,351,483 |
Non-financial public sector | 4,716,730 | 6,872,565 |
Other financial entities | 9,988,301 | 2,912,945 |
Non-financial private sector | 1,872,601,622 | 1,888,565,973 |
Individuals [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 682,386,395 | 911,827,662 |
Manufacturing industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 203,462,613 | 180,423,512 |
Agricultural and cattle industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 305,807,371 | 205,722,008 |
Services [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 191,696,681 | 240,738,711 |
Commercial activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 281,935,399 | 216,089,583 |
Exploration of mines and quarries [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 56,353,619 | 29,572,624 |
Financial intermediation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 65,839,614 | 37,665,547 |
Construction activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 47,899,634 | 55,709,769 |
Electricity supply and gas [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 31,209,317 | 2,071,605 |
Public administration [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 5,746,136 | 8,164,512 |
Water supply and public sanitation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 264,843 | 580,440 |
Stage 1 collective [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Loans and other financing | 1,371,295,220 | 1,493,053,099 |
Non-financial public sector | 495,024 | 665,202 |
Other financial entities | 4,298,968 | 395 |
Non-financial private sector | 1,366,501,228 | 1,492,387,502 |
Stage 1 collective [member] | Individuals [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 615,826,337 | 856,134,618 |
Stage 1 collective [member] | Manufacturing industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 91,426,964 | 97,108,701 |
Stage 1 collective [member] | Agricultural and cattle industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 213,255,400 | 139,725,585 |
Stage 1 collective [member] | Services [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 161,436,165 | 205,155,967 |
Stage 1 collective [member] | Commercial activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 192,555,646 | 139,144,991 |
Stage 1 collective [member] | Exploration of mines and quarries [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 26,080,070 | 6,997,414 |
Stage 1 collective [member] | Financial intermediation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 20,373,297 | 7,724,509 |
Stage 1 collective [member] | Construction activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 24,419,735 | 30,478,519 |
Stage 1 collective [member] | Electricity supply and gas [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 15,357,487 | 1,567,815 |
Stage 1 collective [member] | Public administration [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 5,512,328 | 7,775,336 |
Stage 1 collective [member] | Water supply and public sanitation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 257,799 | 574,047 |
Stage 1 individual [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Loans and other financing | 406,896,843 | 326,942,915 |
Non-financial public sector | 4,221,111 | 6,206,929 |
Other financial entities | 5,684,295 | 2,912,550 |
Non-financial private sector | 396,991,437 | 317,823,436 |
Stage 1 individual [member] | Individuals [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 31,112,707 | 9,803,849 |
Stage 1 individual [member] | Manufacturing industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 99,014,827 | 75,593,107 |
Stage 1 individual [member] | Agricultural and cattle industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 72,584,852 | 55,690,371 |
Stage 1 individual [member] | Services [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 18,445,575 | 26,634,514 |
Stage 1 individual [member] | Commercial activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 78,063,386 | 72,932,533 |
Stage 1 individual [member] | Exploration of mines and quarries [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 29,084,439 | 22,499,673 |
Stage 1 individual [member] | Financial intermediation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 45,100,172 | 29,670,367 |
Stage 1 individual [member] | Construction activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 20,075,556 | 24,522,962 |
Stage 1 individual [member] | Electricity supply and gas [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 3,509,923 | 476,060 |
Stage 2 collective [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Loans and other financing | 64,303,918 | 54,743,452 |
Non-financial public sector | 451 | 89 |
Other financial entities | 5,038 | |
Non-financial private sector | 64,298,429 | 54,743,363 |
Stage 2 collective [member] | Individuals [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 26,552,215 | 37,580,036 |
Stage 2 collective [member] | Manufacturing industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 5,693,834 | 2,326,102 |
Stage 2 collective [member] | Agricultural and cattle industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 10,285,791 | 2,491,260 |
Stage 2 collective [member] | Services [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 10,633,902 | 7,854,619 |
Stage 2 collective [member] | Commercial activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 7,071,869 | 3,306,987 |
Stage 2 collective [member] | Exploration of mines and quarries [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 456,522 | 65,627 |
Stage 2 collective [member] | Financial intermediation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 311,487 | 189,820 |
Stage 2 collective [member] | Construction activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 2,983,594 | 573,413 |
Stage 2 collective [member] | Electricity supply and gas [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 104,564 | 22,719 |
Stage 2 collective [member] | Public administration [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 198,566 | 326,507 |
Stage 2 collective [member] | Water supply and public sanitation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 6,085 | 6,273 |
Stage 2 individual [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Loans and other financing | 24,817,284 | 8,003,761 |
Non-financial private sector | 24,817,284 | 8,003,761 |
Stage 2 individual [member] | Individuals [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 3,577 | |
Stage 2 individual [member] | Manufacturing industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 6,908,731 | 4,139,367 |
Stage 2 individual [member] | Agricultural and cattle industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 3,588,047 | 3,864,394 |
Stage 2 individual [member] | Commercial activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 2,082,889 | |
Stage 2 individual [member] | Electricity supply and gas [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 12,234,040 | |
Stage 3 [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Loans and other financing | 19,993,388 | 15,608,256 |
Non-financial public sector | 144 | 345 |
Non-financial private sector | 19,993,244 | 15,607,911 |
Stage 3 [member] | Individuals [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 8,891,559 | 8,309,159 |
Stage 3 [member] | Manufacturing industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 418,257 | 1,256,235 |
Stage 3 [member] | Agricultural and cattle industry [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 6,093,281 | 3,950,398 |
Stage 3 [member] | Services [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 1,181,039 | 1,093,611 |
Stage 3 [member] | Commercial activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 2,161,609 | 705,072 |
Stage 3 [member] | Exploration of mines and quarries [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 732,588 | 9,910 |
Stage 3 [member] | Financial intermediation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 54,658 | 80,851 |
Stage 3 [member] | Construction activities [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 420,749 | 134,875 |
Stage 3 [member] | Electricity supply and gas [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 3,303 | 5,011 |
Stage 3 [member] | Public administration [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | 35,242 | 62,669 |
Stage 3 [member] | Water supply and public sanitation [member] | ||
Disclosure of detailed information about financial instruments [line items] | ||
Non-financial private sector | $ 959 | $ 120 |
Capital Management, Corporat_13
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Collateral and Other Credit Improvements (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | $ 1,887,306,653 | $ 1,898,351,483 | |
Fair value of collateral Mortgage on real property | 3,376,576 | ||
Fair value of collateral Pledges on vehicles and machinery | 265,709 | ||
Fair value of collateral Pledges on personal property | 81,197 | ||
Fair value of collateral Other | 1,075,203 | ||
Total collateral | [1] | 804,907,126 | 583,896,569 |
Guarantees received [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 4,145,665,849 | 6,467,564,241 | |
Fair value of collateral Pledges on time deposits | 53,022,862 | 6,299,873 | |
Fair value of collateral Deferred payment checks | 92,391,460 | 89,424,023 | |
Fair value of collateral Mortgage on real property | 119,261,096 | 124,118,303 | |
Fair value of collateral Pledges on vehicles and machinery | 51,565,863 | 28,084,153 | |
Fair value of collateral Pledges on personal property | 32,719,676 | 11,402,207 | |
Fair value of collateral Other | 455,946,169 | 324,568,014 | |
Total collateral | 804,907,126 | 583,896,573 | |
Net exposure | 3,340,758,723 | 5,883,667,668 | |
Associated ECL | 57,348,555 | 38,083,797 | |
Guarantees received [member] | Loans and other financing [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 1,887,306,653 | 1,898,351,483 | |
Fair value of collateral Pledges on time deposits | 39,345,965 | 5,893,066 | |
Fair value of collateral Deferred payment checks | 92,391,460 | 89,424,023 | |
Fair value of collateral Mortgage on real property | 116,918,998 | 123,927,242 | |
Fair value of collateral Pledges on vehicles and machinery | 51,558,415 | 28,063,859 | |
Fair value of collateral Pledges on personal property | 25,779,473 | 10,229,714 | |
Fair value of collateral Other | 349,958,595 | 313,741,673 | |
Total collateral | 675,952,906 | 571,279,577 | |
Net exposure | 1,211,353,747 | 1,327,071,906 | |
Associated ECL | 53,648,800 | 34,262,639 | |
Guarantees received [member] | Loans commitment [Member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 1,645,749,167 | 2,105,872,032 | |
Fair value of collateral Pledges on time deposits | 13,676,897 | 406,807 | |
Fair value of collateral Mortgage on real property | 2,342,098 | 191,061 | |
Fair value of collateral Pledges on vehicles and machinery | 7,448 | 20,294 | |
Fair value of collateral Pledges on personal property | 6,940,203 | 1,172,493 | |
Fair value of collateral Other | 95,370,445 | 10,826,341 | |
Total collateral | 118,337,091 | 12,616,996 | |
Net exposure | 1,527,412,076 | 2,093,255,036 | |
Associated ECL | 2,176,655 | 2,403,512 | |
Guarantees received [member] | Other financial assets [Member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 175,585,670 | 166,688,096 | |
Fair value of collateral Other | 10,617,129 | ||
Total collateral | 10,617,129 | ||
Net exposure | 164,968,541 | 166,688,096 | |
Associated ECL | 595,276 | 283,507 | |
Guarantees received [member] | Other debt securities at fair value through OCI [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 291,689,362 | 429,468,486 | |
Net exposure | 291,689,362 | 429,468,486 | |
Associated ECL | 55,826 | 90,939 | |
Guarantees received [member] | Other debt securities at amortized cost [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 140,115,960 | 1,867,184,144 | |
Net exposure | 140,115,960 | 1,867,184,144 | |
Associated ECL | 870,824 | 1,043,200 | |
Guarantees received [member] | Financial assets delivered as guarantee [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 5,219,037 | ||
Net exposure | 5,219,037 | ||
Associated ECL | 1,174 | ||
Collateral held for stage3 assets [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 19,993,388 | 15,608,256 | |
Fair value of collateral Deferred payment checks | 555 | ||
Fair value of collateral Mortgage on real property | 3,985,105 | ||
Fair value of collateral Pledges on vehicles and machinery | 164,806 | ||
Fair value of collateral Pledges on personal property | 557,769 | ||
Fair value of collateral Other | 3,216,922 | ||
Total collateral | 7,925,157 | 4,798,685 | |
Net exposure | 12,068,231 | 10,809,571 | |
Associated ECL | 15,513,821 | 10,768,998 | |
Collateral held for stage3 assets [member] | Loans and other financing [member] | |||
Disclosure Of Collateral And Other Credit Enhancements [line items] | |||
Maximum exposure to credit risk | 19,993,388 | 15,608,256 | |
Fair value of collateral Deferred payment checks | 555 | ||
Fair value of collateral Mortgage on real property | 3,985,105 | ||
Fair value of collateral Pledges on vehicles and machinery | 164,806 | ||
Fair value of collateral Pledges on personal property | 557,769 | ||
Fair value of collateral Other | 3,216,922 | ||
Total collateral | 7,925,157 | 4,798,685 | |
Net exposure | 12,068,231 | 10,809,571 | |
Associated ECL | $ 15,513,821 | $ 10,768,998 | |
[1]Related to collaterals used to secure loans transactions and other financing, under the applicable rules in force on this matter. |
Capital Management, Corporat_14
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Liquidity Ratios Arising from Dividing Net Liquid Assets, Cash and Cash Equivalents by Total Deposits (Detail) | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Liquidity Risk [line items] | ||
Liquidity ratio | 109.94% | 93.65% |
Weighted average [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Liquidity ratio | 97.50% | 93.59% |
Maximum Average Term [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Liquidity ratio | 109.94% | 95.25% |
Minimum Average Term [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Liquidity ratio | 92.56% | 92.45% |
Capital Management, Corporat_15
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Contractual Cash Flows and Other Financing (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | $ 5,069,667 | $ 8,364,371 |
Financial sector | 17,701,105 | 3,975,473 |
Non-financial private sector and foreign residents | 2,783,914,063 | 2,524,054,898 |
Total | 2,806,684,835 | 2,536,394,742 |
Matured [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 108 | 336 |
Non-financial private sector and foreign residents | 15,730,157 | 10,835,887 |
Total | 15,730,265 | 10,836,223 |
Not later than one month [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 3,150,956 | 4,217,929 |
Financial sector | 7,775,676 | 152,957 |
Non-financial private sector and foreign residents | 989,258,431 | 817,855,731 |
Total | 1,000,185,063 | 822,226,617 |
Not later than three months [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 1,417,310 | 1,789,856 |
Financial sector | 373,548 | 206,005 |
Non-financial private sector and foreign residents | 375,375,501 | 226,594,227 |
Total | 377,166,359 | 228,590,088 |
Later than three months and not later than six months [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 109,219 | 323,992 |
Financial sector | 2,612,404 | 1,739,788 |
Non-financial private sector and foreign residents | 352,509,913 | 275,400,478 |
Total | 355,231,536 | 277,464,258 |
Later than six months and not later than one year [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 182,011 | 582,295 |
Financial sector | 3,920,838 | 633,749 |
Non-financial private sector and foreign residents | 388,068,737 | 348,304,536 |
Total | 392,171,586 | 349,520,580 |
Over 12 months and up to 24 months [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 210,063 | 911,524 |
Financial sector | 2,168,224 | 952,101 |
Non-financial private sector and foreign residents | 327,216,008 | 372,982,040 |
Total | 329,594,295 | 374,845,665 |
Later than two years [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Non-financial government sector | 538,439 | |
Financial sector | 850,415 | 290,873 |
Non-financial private sector and foreign residents | 335,755,316 | 472,081,999 |
Total | $ 336,605,731 | $ 472,911,311 |
Capital Management, Corporat_16
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Contractual Future Cash Flows of Financial Liabilities, Including Interest and Charges to be Accrued (Detail) - ARS ($) $ in Thousands | Dec. 31, 2023 | Dec. 31, 2022 |
Disclosure Of Liquidity Risk [line items] | ||
Deposits | $ 3,489,594,021 | $ 4,117,045,372 |
From the non financial government sector | 193,802,300 | 349,398,887 |
From the financial sector | 20,185,431 | 5,148,961 |
From the non financial private sector and foreign residents | 3,275,606,290 | 3,762,497,524 |
Liabilities as fair value through profit or loss | 13,825,475 | 1,638,088 |
Derivative instruments | 2,837,879 | 7,382 |
Repo transactions | 23,674,256 | |
Other financial institutions | 23,674,256 | |
Other financial liabilities | 375,500,699 | 424,696,185 |
Financing received from the Central Bank of Argentina and other financial institutions | 19,821,151 | 7,697,066 |
Issued corporate bonds | 61,677,150 | 8,683,385 |
Subordinated corporate bonds | 386,937,258 | 278,813,804 |
Total | 4,373,867,889 | 4,838,581,282 |
Not later than one month [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Deposits | 3,096,512,411 | 3,695,887,040 |
From the non financial government sector | 182,614,696 | 335,668,445 |
From the financial sector | 20,185,431 | 5,148,961 |
From the non financial private sector and foreign residents | 2,893,712,284 | 3,355,069,634 |
Liabilities as fair value through profit or loss | 13,825,475 | 1,638,088 |
Derivative instruments | 410,723 | 5,339 |
Repo transactions | 23,664,841 | |
Other financial institutions | 23,664,841 | |
Other financial liabilities | 352,503,055 | 407,237,180 |
Financing received from the Central Bank of Argentina and other financial institutions | 9,258,476 | 910,500 |
Total | 3,496,174,981 | 4,105,678,147 |
Not later than three months [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Deposits | 186,285,623 | 353,567,988 |
From the non financial government sector | 6,107,881 | 10,541,024 |
From the non financial private sector and foreign residents | 180,177,742 | 343,026,964 |
Derivative instruments | 1,405,243 | 2,043 |
Repo transactions | 8 | |
Other financial institutions | 8 | |
Other financial liabilities | 1,384,406 | 1,327,475 |
Financing received from the Central Bank of Argentina and other financial institutions | 3,697,429 | 1,611,404 |
Issued corporate bonds | 85,286 | 31,060 |
Total | 192,857,995 | 356,539,970 |
Later than three months and not later than six months [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Deposits | 139,588,945 | 61,513,880 |
From the non financial government sector | 5,078,026 | 3,175,414 |
From the non financial private sector and foreign residents | 134,510,919 | 58,338,466 |
Derivative instruments | 130,385 | |
Repo transactions | 2,378 | |
Other financial institutions | 2,378 | |
Other financial liabilities | 1,685,885 | 1,205,372 |
Financing received from the Central Bank of Argentina and other financial institutions | 2,484,611 | 5,035,125 |
Issued corporate bonds | 14,168,145 | 30,048 |
Subordinated corporate bonds | 10,716,441 | 7,316,628 |
Total | 168,776,790 | 75,101,053 |
Later than six months and not later than one year [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Deposits | 65,882,129 | 5,923,453 |
From the non financial government sector | 14,004 | |
From the non financial private sector and foreign residents | 65,882,129 | 5,909,449 |
Derivative instruments | 891,528 | |
Repo transactions | 7,029 | |
Other financial institutions | 7,029 | |
Other financial liabilities | 2,793,312 | 2,293,536 |
Financing received from the Central Bank of Argentina and other financial institutions | 2,110,822 | 140,037 |
Issued corporate bonds | 41,843,822 | 62,120 |
Subordinated corporate bonds | 10,716,441 | 7,316,628 |
Total | 124,245,083 | 15,735,774 |
Over 12 months and up to 24 months [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Deposits | 1,310,175 | 38,288 |
From the non financial government sector | 1,697 | |
From the non financial private sector and foreign residents | 1,308,478 | 38,288 |
Other financial liabilities | 4,399,200 | 3,816,681 |
Financing received from the Central Bank of Argentina and other financial institutions | 2,207,776 | |
Issued corporate bonds | 5,579,897 | 8,560,157 |
Subordinated corporate bonds | 21,432,883 | 14,633,254 |
Total | 34,929,931 | 27,048,380 |
Later than two years [member] | ||
Disclosure Of Liquidity Risk [line items] | ||
Deposits | 14,738 | 114,723 |
From the non financial private sector and foreign residents | 14,738 | 114,723 |
Other financial liabilities | 12,734,841 | 8,815,941 |
Financing received from the Central Bank of Argentina and other financial institutions | 62,037 | |
Subordinated corporate bonds | 344,071,493 | 249,547,294 |
Total | $ 356,883,109 | $ 258,477,958 |
Capital Management, Corporat_17
Capital Management, Corporate Governance Transparency Policy and Risk Management - Summary of Bank's VaR by type of Risks (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2023 | Dec. 31, 2022 | |
Disclosure Of Interest Rate Risk [line items] | ||
Interest rate risk | $ 29,487 | $ 12,656 |
Currency exchange rate risk | 23,116 | 10,687 |
Price risk | $ 15,167 | $ 12,362 |
Changes in the Argentine Macr_2
Changes in the Argentine Macroeconomic Environment of the Financial and Capital Markets - Additional Information (Detail) - ARS ($) | 12 Months Ended | ||||
Dec. 31, 2023 | Dec. 13, 2023 | Dec. 10, 2023 | Dec. 31, 2019 | Dec. 31, 2023 | |
Financial And Capital Markets [Line Items] | |||||
Percentage Of Increase Decrease In Foreign Currency | 200% | ||||
Actual gap between dollar used for foreign trade and alternative market values | 18% | ||||
Accelaration of interannual inflation rate percentage | 288% | ||||
ARS [member] | |||||
Financial And Capital Markets [Line Items] | |||||
Devaluation of the currency with respect to us dollar percentage | 55% | ||||
Bottom of range [member] | |||||
Financial And Capital Markets [Line Items] | |||||
Devaluation of argentine peso with respect to us dollar | $ 366.5 | ||||
Top of range [member] | |||||
Financial And Capital Markets [Line Items] | |||||
Devaluation of argentine peso with respect to us dollar | $ 799.95 |