Grupo Supervielle (SUPV) 20-F 30 Apr 20 2019 FY Annual report (foreign) Financial data

Document and Entity Information

Document and Entity Information	12 Months Ended
	Dec. 31, 2019shares
Document Information [Line Items]
Entity Registrant Name	Grupo Supervielle S.A.
Entity Central Index Key	0001517399
Document Type	20-F
Document Period End Date	Dec. 31, 2019
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Amendment Flag	false
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
Current Fiscal Year End Date	--12-31
Entity Well-known Seasoned Issuer	No
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Voluntary Filers	No
Entity Filer Category	Accelerated Filer
Entity Shell Company	false
Entity Emerging Growth Company	false
Class B Ordinary Shares [member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	394,984,134
Class A Ordinary Shares [member]
Document Information [Line Items]
Entity Common Stock, Shares Outstanding	61,738,188

Consolidated Statements of Fina

Consolidated Statements of Financial Position - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
ASSETS
Cash and due from banks	$ 26,403,099	$ 51,822,372
Cash	8,751,111	7,368,112
Argentine Central Bank	15,927,336	42,132,824
Other local financial institutions	1,694,742	2,305,439
Others	29,910	15,997
Debt securities at fair value through profit or loss	568,501	23,247,329
Derivatives	257,587	24,496
Other financial assets	2,096,866	2,612,157
Loans and other financing	88,010,011	118,771,635
To the non-financial public sector	28,872	50,460
To the financial sector	64,522	613,101
To the Non-Financial Private Sector and Foreign residents	87,916,617	118,108,074
Other debt securities	10,458,556	6,631,861
Financial assets in guarantee	5,333,704	3,087,750
Current income tax assets	102,458	910,777
Inventories	44,455	107,557
Investments in equity instruments	14,579	16,005
Property, plant and equipment	4,002,078	3,359,290
Investment Property	4,054,737	635,877
Intangible assets	4,372,514	4,170,146
Deferred income tax assets	1,671,195	1,264,222
Non-current assets held for sale		4,307
Other non-financial assets	1,294,351	1,367,029
TOTAL ASSETS	148,684,691	218,032,810
LIABILITIES
Deposits	89,008,177	145,996,201
Non-financial public sector	5,470,177	17,083,822
Financial sector	28,098	38,821
Non-financial private sector and foreign residents	83,509,902	128,873,558
Liabilities at fair value through profit or loss	189,554	412,403
Derivatives		144,944
Repo transactions	319,817
Other financial liabilities	9,115,565	6,564,396
Financing received from the Argentine Central Bank and other financial institutions	9,017,597	12,357,106
Unsubordinated negotiable Obligations	6,086,475	14,317,445
Current income tax liability		1,217,233
Subordinated negotiable obligations	2,119,888	2,128,759
Provisions	677,018	133,703
Deferred income tax liabilities	506,291	343,586
Other non-financial liabilities	8,208,914	8,314,639
TOTAL LIABILITIES	125,249,296	191,930,415
SHAREHOLDERS' EQUITY
Shareholders' Equity attributable to owners of the parent company	23,415,797	26,080,725
Shareholders' Equity attributable to non-controlling interests	19,598	21,670
TOTAL SHAREHOLDERS' EQUITY	$ 23,435,395	$ 26,102,395

Consolidated Income Statement

Consolidated Income Statement - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Income Statement
Interest income	$ 44,794,595	$ 46,790,036	$ 34,250,524
Interest expenses	(34,913,451)	(26,787,390)	(12,782,957)
Net interest income	9,881,144	20,002,646	21,467,567
Net income from financial instruments (NIFFI) at fair value through profit or loss	20,960,966	9,707,395	5,454,354
Exchange rate differences on gold and foreign currency	(324,070)	1,733,237	604,734
NIFFI And Exchange Rate Differences	20,636,896	11,440,632	6,059,088
Net Financial Income	30,518,040	31,443,278	27,526,655
Services Fee Income	8,599,607	9,118,706	9,327,965
Services Fee Expense	(2,243,970)	(2,181,620)	(1,877,412)
Income from insurance activities	1,393,356	1,305,522	1,383,709
Net Service Fee Income	7,748,993	8,242,608	8,834,262
Subtotal	38,267,033	39,685,886	36,360,917
Results from exposure to changes in the purchasing power of money	(5,359,565)	(9,253,021)	(3,986,190)
Other operating income	2,755,267	3,805,134	2,827,476
Loan loss provisions	(7,736,868)	(7,967,031)	(6,204,348)
Net operating income	27,925,867	26,270,968	28,997,855
Personnel expenses	14,164,289	13,504,300	13,439,165
Administration expenses	7,573,543	8,615,396	7,566,294
Depreciation and impairment of non-financial assets	1,814,671	665,154	956,819
Other operating expenses	6,358,291	6,633,161	6,394,542
(Loss) / Income before taxes	(1,984,927)	(3,147,043)	641,035
Income tax	(168,695)	(1,555,074)	(1,802,869)
Net loss for the year	(2,153,622)	(4,702,117)	(1,161,834)
Net loss for the year attributable to owners of the parent company	(2,151,600)	(4,658,050)	(1,160,465)
Net loss for the year attributable to non-controlling interests	$ (2,022)	$ (44,067)	$ (1,369)

Consolidated Statement of Compr

Consolidated Statement of Comprehensive Income - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Consolidated Statement of Comprehensive Income
Net loss for the year	$ (2,153,622)	$ (4,702,117)	$ (1,161,834)
Components of Other Comprehensive Income not to be reclassified to profit or loss
Revaluation surplus of property, plant and equipment	(62,080)	474,704	82,736
Income tax	9,674	(117,426)	(24,821)
Net revaluation surplus of property, plant and equipment	(52,406)	357,278	57,915
(Loss) / income from equity instruments at fair value through other comprehensive income	(4,756)	1,603	18,731
Income tax	1,428	(481)	(6,555)
Net (loss) / income from equity instruments at fair value through other comprehensive income	(3,328)	1,122	12,176
Total Other Comprehensive Income not to be reclassified to profit or loss	(55,734)	358,400	70,091
Components of Other Comprehensive Income to be reclassified to profit or loss
Income from financial instruments at fair value through other comprehensive income	11,287	18,352	3,087
Income tax	(3,386)	(5,135)	(1,058)
Net income from financial instruments at fair value through other comprehensive income	7,901	13,217	2,029
Other Comprehensive Income to be reclassified to profit or loss	7,901	13,217	2,029
Other Comprehensive (loss) / income	(47,833)	371,617	72,120
Other comprehensive (loss) / income attributable to parent company	(47,701)	371,231	72,100
Other comprehensive (loss) income attributable to non-controlling interest	(132)	386	20
Comprehensive loss	(2,201,455)	(4,330,500)	(1,089,714)
Comprehensive loss for the year attributable to owners of the parent company	(2,199,301)	(4,286,819)	(1,088,365)
Comprehensive loss for the year attributable to non-controlling interest	$ (2,154)	$ (43,681)	$ (1,349)

Consolidated Statement of Chang

Consolidated Statement of Changes in Shareholders' Equity - ARS ($) $ in Thousands	Capital stock [member]	Capital adjustments [member]	Paid-in capital [member]	Legal reserve [member]	Other reserves [member]	Retained earnings [member]	Other comprehensive income [member]	Total shareholders' equity attributable to parent company [member]	Total Shareholders' equity attributable to non-controlling interests [member]	Total
Beginning balance at Dec. 31, 2016	$ 363,777	$ 2,009,251	$ 10,481,557	$ 76,599	$ 3,012,409	$ 2,084,760		$ 18,028,353	$ 509,774	$ 18,538,127
Statement
Contributions from shareholders	92,945	131,726	13,879,067					14,103,738		14,103,738
Distribution of retained earnings by the shareholders'
- Other reserves				35,322	1,881,129	(1,916,451)
- Dividend distribution						(170,382)		(170,382)		(170,382)
Other movements									(166,454)	(166,454)
Net loss for the year						(1,160,465)		(1,160,465)	(1,369)	(1,161,834)
Other comprehensive (loss) income for the year							$ 72,100	72,100	20	72,120
Ending balance at Dec. 31, 2017	456,722	2,140,977	24,360,624	111,921	4,893,538	(1,162,538)	72,100	30,873,344	341,971	31,215,315
Distribution of retained earnings by the shareholders'
- Other reserves				28,596	3,345,492	(3,374,088)
- Dividend distribution						(505,129)		(505,129)		(505,129)
Purchase of subsidiaries' shares			(671)					(671)	(248)	(919)
Other movements									(276,372)	(276,372)
Net loss for the year						(4,658,050)		(4,658,050)	(44,067)	(4,702,117)
Other comprehensive (loss) income for the year							371,231	371,231	386	371,617
Ending balance at Dec. 31, 2018	456,722	2,140,977	24,359,953	140,517	8,239,030	(9,699,805)	443,331	26,080,725	21,670	26,102,395
Distribution of retained earnings by the shareholders'
- Other reserves					2,081,294	(2,081,294)
- Dividend distribution						(466,112)		(466,112)		(466,112)
Purchase of subsidiaries' shares			485					485	82	567
Net loss for the year						(2,151,600)		(2,151,600)	(2,022)	(2,153,622)
Other comprehensive (loss) income for the year							(47,701)	(47,701)	(132)	(47,833)
Ending balance at Dec. 31, 2019	$ 456,722	$ 2,140,977	$ 24,360,438	$ 140,517	$ 10,320,324	$ (14,398,811)	$ 395,630	$ 23,415,797	$ 19,598	$ 23,435,395

Consolidated Statement of Cash

Consolidated Statement of Cash Flow - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash flow from operating activities
Net loss for the year	$ (2,153,622)	$ (4,702,117)	$ (1,161,834)
Income tax	168,695	1,555,074	1,802,869
Depreciation and Impairment of Property, plant and equipment	1,814,671	665,154	956,819
Loan loss provisions	7,736,868	7,967,031	6,204,348
Exchange rate difference on gold and foreign currency	324,070	(1,733,237)	(604,734)
Interest from loans and other financings	(44,794,595)	(46,790,036)	(34,250,524)
Interest from deposits and financing received	34,913,451	26,787,390	12,782,957
Net income from financial instruments at fair value through profit or loss	(20,960,966)	(9,707,395)	(5,454,354)
Fair value measurement of investment properties	127,130	(221,408)	27,653
Results from exposure to changes in the purchasing power of money	30,290,502	(14,349,403)	(17,600,790)
Interest on liabilities for financial leases	212,492
Allowances reversed	(498,599)	(488,878)	(466,741)
(Increases) / decreases from operating assets:
Debt securities at fair value through profit or loss	24,776,311	9,814,368	(3,498,887)
Derivatives	(233,091)	36,637	19,094
Repo transactions		7,608,341	(7,608,341)
Loans and other financing
To the non-financial public sector	21,588	23,600	(61,854)
To the other financial entities	548,579	288,908	191,429
To the non-financial sector and foreign residents	64,196,460	54,229,100	2,059,859
Other debt securities	(3,826,695)	(5,816,717)	5,034,713
Financial assets in guarantee	(2,245,954)	(132,293)	1,197,082
Investments in equity instruments	1,426	89,956	(96,428)
Other assets	2,241,114	(7,151,464)	1,001,504
Increases / (decreases) from operating liabilities:
Non-financial public sector	(11,613,645)	3,066,329	6,684,075
Financial sector	(10,723)	3,158	3,509
Private non-financial sector and foreign residents	(83,108,859)	(11,979,964)	7,002,897
Derivatives	(144,944)	144,944	(1,674,846)
Repo transactions	319,817
Liabilities at fair value through profit or loss	(222,849)	412,403
Other liabilities	524,046	731,334	1,715,045
Income Tax paid	(809,974)	(2,154,355)	(2,020,426)
Net cash (used in) / provided by operating activities (A)	(2,407,296)	8,196,460	(27,815,906)
Payments related to:
Purchase of PPE, intangible assets and other assets	(1,113,875)	(4,391,549)	(1,506,579)
Purchase of liabilities and equity instruments issued by other entities		(276,375)	(167,803)
Acquisition of subsidiaries, net of cash acquired	(197,954)	(2,827,563)
Disposals related to PPE, intangible assets and other assets	8,021	667,263	1,061,324
Net cash used in investing activities (B)	(1,303,808)	(6,828,224)	(613,058)
Payments:
Repurchase of non-controlling interest in subsidiaries	567	(919)
Lease Liabilities	(1,251,601)
Financing received from Argentine Financial Institutions	(113,905,868)	(105,180,217)	(98,253,226)
Unsubordinated negotiable obligations	(17,365,599)	(11,619,542)	(2,663,582)
Subordinated negotiable obligations	(842,966)	(19,976)	(2,350,208)
Dividends	(466,112)	(505,129)	(170,382)
Collections:
Unsubordinated negotiable obligations	8,412,283	6,429,136	16,363,453
Financing received from Argentine Financial Institutions	110,569,136	109,529,169	101,398,236
Contributions from shareholders			14,103,738
Net cash (used in) / provided by financing activities (C)	(14,850,160)	(1,367,478)	28,428,029
Effects of exchange rate changes and exposure to changes in the purchasing power of money on cash and cash equivalents (D)	(25,767,419)	23,602,424	21,586,977
Net (decrease) / increase in cash and cash equivalents (A+B+C+D)	(44,328,683)	23,603,182	21,586,042
Cash and cash equivalents at the beginning of the year	72,265,167	48,661,985	27,075,943
Cash and cash equivalents at the end of the year	$ 27,936,484	$ 72,265,167	$ 48,661,985

ACCOUNTING STANDARDS AND BASIS

ACCOUNTING STANDARDS AND BASIS OF PREPARATION	12 Months Ended
	Dec. 31, 2019
ACCOUNTING STANDARDS AND BASIS OF PREPARATION
ACCOUNTING STANDARDS AND BASIS OF PREPARATION	1. ACCOUNTING STANDARDS AND BASIS OF PREPARATION Grupo Supervielle S.A. (individually referred to as “Grupo Supervielle” or “the Company” and jointly with its subsidiaries as the “Group”), is a financial services holding company organized under the laws of Argentina that conducts its business through its subsidiaries, providing banking services, proprietary brand credit card services, personal loans, insurance and other services. Grupo Supervielle´s Consolidated Financial Statements as of December 31, 2019, 2018 and 2017 and for the years ended December 31, 2019 and 2018 include the assets, liabilities and results of the controlled companies detailed in Note 1.2. 1.1. Basis of preparation These Consolidated Financial Statements have been prepared in accordance with IFRS as adopted by the IASB. The preparation of Financial Statements at a certain date requires Management to make estimations and evaluations affecting the amount of assets and liabilities recorded and contingent assets and liabilities disclosed at such date, as well as income and expenses recorded during the year. Actual results might differ from the estimates and evaluations made at the date of preparation of these Consolidated Financial Statements. The most significant judgments made by Management in applying the Group’s accounting policies and the major estimations and significant judgments are described in Note 2. These consolidated financial statements as of December 31, 2019, were approved by resolution of the Board of Directors’ meeting held on April 30, 2020. (a) Going concern The consolidated financial statements as of December 31, 2019, 2018 and 2017 have been prepared on a going concern basis as there is a reasonable expectation that the Group will continue its operational activities in the foreseeable future (and in any event with a time horizon of more than twelve months from the end of the reporting period). (b) Measuring Unit – IAS 29 (Financial reporting in hyperinflationary economies) The Consolidated Financial Statements of the Entity are expressed in Argentine pesos which is the functional currency. IAS 29 establishes the conditions under which an entity shall restate its financial statements if it is located in an economic environment considered hyperinflationary. This Standard requires that the financial statements of an entity that reports in the currency of a highly inflationary economy shall be stated in terms of the measuring unit current at the closing date of the latest reporting period, regardless of whether they are based on a historical cost approach or a current cost approach. To this end, in general terms, the inflation rate must be computed in the non-monetary items as from the acquisition date or the revaluation date, as applicable. These requirements also comprise the comparative information of the financial statements. To determine the existence of a highly inflationary economy under the terms of IAS 29, the standard details a series of factors to consider, including a cumulative inflation rate over three years that is close to or exceeds 100%. It is important to highlight that the three-year accumulated inflation rate as of December 31, 2019 reached 183.4%. On the other hand, the macroeconomic events that have taken place in the country during the year show that the country is complying with the qualitative factors provided for in IAS 29 to consider Argentina as a highly inflationary economy for accounting purposes. All this, consequently, originates the need to apply the restatement for inflation of the financial statements in the terms of IAS 29 for the year ended December 31, 2019. The Group determined to use the Internal Wholesale Price Index (IWPI) to restate balances and transactions until the year 2016, for the months of November and December 2015 the average variation of the Consumer Price Index (CPI) of the City of Buenos Aires was used, due to the fact that during those two months there were no IWPI measurements at national level. Then, from January 2017 omwards, the Group used the National Consumer Price Index (National CPI). The tables below show the evolution of these indexes in the last four years and as of December 31, 2019 according to official statistics (INDEC): As of December 31, 2016 2017 2018 2019 Variation in Prices Annual 34.6 % 24.8 % 47.6 % 53.8 % Accumulated 3 years 102.3 % 96.8 % 148.0 % 183.4 % As a consequence of the aforementioned, these Consolidated Financial Statements as of December 31, 2019 were restated in accordance with the provisions of IAS 29. Restatement of the Financial Position The Group restated all the non-monetary items in order to reflect the impact of the inflation in terms of the measuring unit current as of December 31, 2019. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Goodwill, Inventories and the Equity items. Each item must be restated since the date of the initial recognition in the Group's accounts or since the date of the last revaluation. Monetary items have not been restated because they are stated in terms of the measuring unit current as of December 31, 2019. Comparative figures must also be presented in the measuring unit current as of December 31, 2019. Therefore, comparative figures for the previous reporting periods have been restated by applying a general price index, so that the resulting comparative financial statements are presented in terms of the current unit of measurement as of the closing date of the reporting period. Restatement of the Income Statement and the Statement of Cash Flows In the Income Statement, items shall be restated from the dates when the items of income and expense were originally recorded. To this end, the Group applied the variations in a general price index. The effect of inflation on the monetary position is included in the Income Statement under Results from exposure to changes in the purchasing power of money. The items of the Statement of Cash Flows must also be restated in terms of the measuring unit current at the closing date of the Statement of Financial Position. IAS 29 para 33 states that all items in the statement of cash flows are expressed in terms of the measuring unit current at the end of the reporting period. The loss arising from the restatement has an impact on the Income Statement and must be eliminated from the Statement of Cash Flows because it is not considered cash or cash equivalent. Restatement of the Statement of Changes in Shareholder’s Equity All components of the Statement of Changes in Shareholder’s Equity, except reserves and retained earnings, must be restated from the dates on which the items were contributed or otherwise arose. (c) New Standards and Interpretations issued by the IASB adopted by the Group In January 2016, the IASB issued IFRS 16 “Leases” which establishes the criteria for recognition and valuation of leases for lessees and lessors. IFRS 16 affect primarily the accounting by lessees and requires recognition of an asset (the right to use the leased item) and a financial liability for those contracts that meet the definition of leases under the standard. An optional exemption exists for short-term leases that do not contain a purchase option and low-value leases. The group has adopted IFRS 16 Leases retrospectively from 1January 2019, but has not restated comparatives for the 2018 reporting period, as permitted under the specific transition provisions in the standard. The reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on 1 January 2019 and are also explained in Note 7. The new accounting policies are disclosed in 1.12. On adoption of IFRS 16, the group recognised lease liabilities in relation to leases which had previously been classified as 'operating leases' under the principles of IAS 17 Leases. These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of 1 January 2019. The weighted average lessee's incremental borrowing rate applied to the lease liabilities on 1 January 2019 was 44.26% for leases denominated in Argentinian Pesos and 14.36% for leases denominated in US Dollar. (i) Practical expedients applied In applying IFRS 16 for the first time, the group has used the following practical expedients permitted by the standard: · applying a single discount rate to a portfolio of leases with reasonably similar characteristics; · relying on previous assessments on whether leases are onerous as an alternative to performing an impairment review – there were no onerous contracts as at January 1, 2019; · accounting for operating leases with a remaining lease term of less than 12 months as at 1 January 2019 as short-term leases; · excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application; and · using hindsight in determining the lease term where the contract contains options to extend or terminate the lease. The group has also elected not to reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts entered into before the transition date the group relied on its assessment made applying IAS 17 and Interpretation 4 Determining whether an Arrangement contains a Lease. (ii) Measurement of lease liabilities Operating lease commitments disclosed as at December 31, 2018 1,933,167 Discounted using the lessee's incremental borrowing rate of at the date of initial application 1,354,278 Lease liability recognised as at January 1, 2019 1,354,278 Of which are: Current lease liabilities 596,813 Non-current lease liabilities 757,465 (iii) Measurement of right-of-use assets The associated right-of-use assets were measured at the amount equal to the lease liability. (iv) Adjustments recognised in the balance sheet on 1 January 2019 The change in accounting policy affected the following items in the balance sheet on January 1, 2019: · property, plant and equipment –> increase by $1,354,278 · other financial liabilities –> increase by $1,354,278 (ii) Lessor accounting The group did not need to make any adjustments to the accounting for assets held as lessor under operating leases as a result of the adoption of IFRS 16. (d) New Standards and Interpretations issued by the IASB not in force IFRS 17 “Insurance contracts” : In May 18, 2017, the IASB issued IFRS 17 “Insurance contracts” as replacement for IFRS 4. It requires a current measurement model where estimates are re-measured each reporting period. Contracts are measured using the building blocks of discounted probability-weighted cash flows, an explicit risk adjustment, and a contractual service margin representing the unearned profit of the contract which is recognized as revenue over the coverage period. This standard is effective for fiscal years beginning on or after January 1, 2021. The Group is evaluating the impact of the adoption of this new standard. 1.2. Consolidation A subsidiary is an entity, including structured entities, over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The subsidiaries are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The following chart details the subsidiaries included in the consolidation process: Percentage of direct or indirect investment in capital stock Company Main Activity 12/31/2019 12/31/2018 12/31/2017 Banco Supervielle S.A. Commercial Bank 99.90 % (1) 99.89 % (1) 99.88 % (1) Cordial Compañía Financiera S.A. Financial Company 99.90 % 99.90 % 99.89 % Tarjeta Automática S.A. Credit Card 99.99 % 99.99 % 99.99 % Supervielle Asset Management S.A. Mutual Fund 100.00 % 100.00 % 100.00 % Sofital S.A.F. e I.I. Real State 100.00 % 100.00 % 100.00 % Espacio Cordial de Servicios S.A. Retail Services 100.00 % 100.00 % 100.00 % Supervielle Seguros S.A. Insurance 100.00 % 100.00 % 100.00 % Micro Lending S.A.U. Financial Company 100.00 % 100.00 % — InvertirOnline S.A.U. Financial Broker 100.00 % 100.00 % — InvertirOnline.Com Argentina S.A.U. Representations 100.00 % 100.00 % — Supervielle Productores Asesores de Seguros S.A. Insurance Broker 100.00 % — — Bolsillo Digital S.A.U. Fintech 100.00 % — — Futuros del Sur S.A. Financial Broker 100.00 % — — (1) Grupo Supervielle S.A.’s direct and indirect interest in Banco Supervielle S.A votes amounts to 99,87%, 99,87% and 99,86% as of 12/31/2019, 12/31/2018 and 12/31/2017 respectively. Financial Statements of controlled companies are for the same period of the Group´s Financial Statements. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of income, statement of comprehensive income, statement of changes in shareholder’s equity and statement of financial position, respectively. Supervielle Productores Asesores de Seguros S.A., Bolsillo Digital S.A.U. and Futuros del Sur S.A. are consolidated from the date of their acquisition (See Note 29). The acquisition method of accounting is used to account for business combinations by the Group. The consideration transferred for the acquisition of a subsidiary comprises the fair value of the assets transferred, the liabilities incurred to the former owners of the acquired business, the equity interests issued by the Group, the fair value of any asset or liability resulting from a contingent consideration arrangement and the fair value of any pre-existing equity interest in the subsidiary. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The Group recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net assets. Acquisition-related costs are expensed as incurred. The excess of the consideration transferred, the amount of any non-controlling interest in the acquired entity and the acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in the Consolidated Income Statement as a “bargain purchase”. 1.3. Consolidated Structured Entities Banco Supervielle S.A., Cordial Compañía Financiera S.A. and Micro Lending S.A.U have securitized certain financial instruments, mainly consumer loans, through financial trusts that issue debt securities and participation certificates. The Group controls a structured entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Structured entities are consolidated from the date on which the control is transferred to the Group. They are deconsolidated from the date that control ceases. As for financial trusts, the Group has evaluated the following: · The purpose and design of the trust · Identification of relevant activities of the trust · Decision-making process on these activities · If the Group has the power to direct the relevant activities of the trust · If the Group is exposed to, or has rights to, variable returns from its involvement with the trust · If the Group has ability to affect those returns through its power over the trust In accordance with the aforementioned, the Group controls such financial trusts and, therefore, such structured entities have been consolidated. The following chart details the assets and liabilities of Structured Entities that have been consolidated by the Group as of December 31, 2019 and 2018: 12/31/2019 12/31/2018 Assets Loans 1,594,664 1,584,904 Financial assets 108,839 215,164 Other assets 291,691 194,075 Total Assets 1,995,194 1,994,143 Liabilities Financial liabilities 1,424,480 1,374,000 Other liabilities 41,630 228,518 Total Liabilities 1,466,110 1,602,518 1.4. Transactions with non-controlling interest The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the Group. 1.5. Segment Reporting An operating segment is defined as a component of an entity or a Group that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), and whose financial information is evaluated on a regular basis by the chief operating decision maker. Operating segments are reported in a manner consistent with the internal reporting provided to: (i) Key personnel of the senior management who account for the main authority in operating decision-making processes and is responsible for allocating resources and assessing the performance of operating segments; and (ii) The Board, who is in charge of making strategic decisions of the Group. 1.6. Foreign currency translation (a) Functional and presentation currency Figures included in the Consolidated Financial Statements of each of the Group’s entities are measured using the functional currency, that is, the currency of the primary economic environment in which the entity operates. Consolidated Financial Statements are presented in Argentine pesos, which is the functional and presentation currency of the Group. (b) Transactions and balances Transactions in foreign currency are translated into the functional currency using the exchange rates released by the Argentine Central Bank at the dates of the transactions. Gains and losses in foreign currency resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currency at year end exchange rates, are recognized in the income statement, under “Exchange rate differences on gold and foreign currency”. 1.7. Cash and due from banks Cash and due from Banks item includes available cash and unrestricted deposits held in Banks, which are short-term liquid instruments and have original maturities of less than three months. Assets disclosed under cash and due from Banks are measured at amortized cost which is close to its fair value. Cash and Cash equivalents include cash and highly liquid short-term securities with an original maturity of less than three-months according to the following detail: Item 12/31/2019 12/31/2018 12/31/2017 Cash and due from banks 26,403,099 51,822,372 25,205,323 Debt securities at fair value through profit or loss 568,501 19,434,329 21,910,236 Money Market Funds 964,884 1,008,466 1,546,426 Cash and cash equivalents 27,936,484 72,265,167 48,661,985 The Group invests in money market funds (MMF) whose investments qualify individually as cash and cash equivalents. An MMF is an open-ended mutual fund that invests in short-term debt instruments (typically one day to one year) such as treasury bills, certificates of deposit, bonds, government gilts and commercial papers. These MMF have to comply with strict fund policies such as: · controls ensuring constant net asset value or linear performance to limit volatility supported by actual performance; · returns benchmarked to short-term money market interest rates; · investment in high-quality instruments with high liquidity and a maximum weighted average maturity of a few weeks; and · highly diversified portfolio. Reconciliation between balances as appearing on the Statement of Financial Position and the items in the Statement of Cash Flow: Items 12/31/2019 12/31/2018 12/31/2017 Cash and due from Banks As per Statement of Financial Position 26,403,099 51,822,372 25,205,323 As per the Statement of Cash Flows 26,403,099 51,822,372 25,205,323 Debt securities at fair value through profit or loss As per Statement of Financial Position 568,501 23,247,329 25,902,184 Securities not considered as cash equivalents — (3,813,000) (3,991,948) As per the Statement of Cash Flows 568,501 19,434,329 21,910,236 Money Market Funds As per Statement of Financial Position – Other financial assets 2,096,866 2,612,157 3,674,741 Other financial assets not considered as cash equivalents (1,131,982) (1,603,691) (2,128,315) As per the Statement of Cash Flow 964,884 1,008,466 1,546,426 Reconciliation of liabilities from financing activities at December 31, 2019 and 2018 is as follows: Cash Flows Other non-cash Items 12/31/2018 Inflows Outflows movements 12/31/2019 Unsubordinated Negotiable Obligations 14,317,445 8,412,283 (17,365,599) 722,346 6,086,475 Subordinated Negotiable Obligations 2,128,759 — (842,966) 834,095 2,119,888 Financing received from the Argentine Central Bank and other financial institutions 12,357,106 110,569,136 (113,905,868) (2,777) 9,017,597 Lease Liabilities — — (1,251,601) 2,197,990 946,389 Total 28,803,310 118,981,419 (133,366,034) 3,751,654 18,170,349 1.8. Financial Instruments Initial Recognition and measurement Financial assets and financial liabilities are recognized when the entity becomes a party to the contractual provisions of the instrument. Purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell the asset. At initial recognition, the Group measures a financial asset or liability at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are incremental and directly attributable to the acquisition or issue of the financial asset or financial liability, such as fees and commissions. Transaction costs of financial assets and financial liabilities carried at fair value through profit or loss are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognized for financial assets measured at amortized cost and investments in debt instruments measured at fair value through other comprehensive income, as described in note 1.12, which results in an impariment loss being recognized in profit or loss when an asset is newly originated. When the fair value of financial assets and liabilities differs from the transaction price on initial recognition, the Group recognizes the difference as follows: · When the fair value is evidenced by a quoted price in an active market for an identical asset or liability or based on a valuation technique that only uses data from observable markets, the difference is recognized as a gain or loss. · In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortized over the life of the instrument until its fair value can be determined using market observable inputs, or realized through settlement. Financial Assets a – Debt Instruments Debt instruments are those instruments that meet the definition of a financial liability from the issuer’s perspective, such as loans, government and corporate bonds and, accounts receivables purchased from clients in non-recourse factoring transactions. Classification Pursuant to IFRS 9, the Entity classifies financial assets depending on whether these are subsequently measured at amortized cost, fair value through other comprehensive income or fair value through profit or loss, on the basis of: a) the Group’s business model for managing financial assets, and; b) the cash-flows characteristics of the financial asset Business Model The business model reflects how the Group manages a group of financial assets in order to generate cash flows. That is, whether the Group’s objective is solely to collect the contractual cash flows from the assets (measured at amortized cost) or is to collect both the contractual cash flows and cash flows arising from the sale of assets (measured at fair value through other comprehensive income). If neither of these is applicable, then the financial assets are classified as part of other business model and measured at fair value through profit or loss. The business model of the Group does not depend on the management’s intentions for an individual instrument. Consequently, such business model is not assessed instrument by instrument, but at a higher aggregated level. The Group reclassifies an instrument when and only when its business model for managing those assets has changed. Contractual Cash Flow Characteristics Where the business model is to hold assets to collect contractual cash flows or to collect contractual cash flows and sell, the Group assesses whether the financial instruments’ cash flows represent solely payments of principal and interest. Where the contractual terms introduce exposure to risk or volatility that are inconsistent with a basic lending arrangement, the related financial asset shall be classified and measured at fair value through profit or loss. Based on the aforementioned, there are three different categories of Financial Assets: i) Financial assets at amortized cost. Financial assets shall be measured at amortized cost if both of the following conditions are met: (a) the financial asset is held for collection of contractual cash flows, and (b) the assets’s cash flows represent solely payments of principal and interest. The amortized cost is the amount at which it is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. ii) Financial assets at fair value through other comprehensive income: Financial assets shall be measured at fair value through other comprehensive income when: (a) the financial asset is held for collection of contractual cash flows and for selling financial assets and (b) the asset’s cash flows represent solely payments of principal and interest. These instruments shall be initially recognized at fair value plus or minus transaction costs that are incremental and directly attributable to the acquisition or issue of the instrument, and subsequently measured at fair value through other comprehensive income. Gains and losses arising out of changes in fair value shall be included in other comprehensive income within a separate component of equity. Impairment gains or losses or reversal, interest revenue and foreign exchange gains and losses on the instrument’s amortized cost shall be recognized in profit or loss. At the time of sale or disposal, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to the income statement. Interest income from these financial assets is determined using the effective interest rate method. iii) Financial assets at fair value through profit or loss: Financial assets at fair value through profit or loss comprise: · Instruments held for trading · Instruments specifically designated at fair value through profit or loss · Instruments with contractual cash-flows that do not represent solely payments of principal and interest These financial instruments are initially recognized at fair value and any change in fair value measurement is charged to the income statement. The Group classifies a financial instrument as held for trading if such instrument is acquired or incurred for the main purpose of selling or repurchasing it in the short term, or it is part of a portfolio of financial instruments which are managed together and for which there is evidence of short-term profits or if it is a derivative financial instrument not designated as a hedging instrument. Derivatives and trading securities are classified as held for trading and are measured at fair value. b – Equity Instruments Equity instruments are instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer’s net assets. Such instruments are measured at fair value through profit and loss, except where the Group’s senior management has elected, at initial recognition, to irrevocably designate an equity investment at fair value through other comprehensive income. This option is available when instruments are not held for trading. The gains or losses of these instruments are recognized in other comprehensive income and are not subsequently reclassified to profit or loss, including on disposal. Dividends that result from such instrument will be charged to income when the Group’s right to receive payments is established. Derecognition of Financial Assets The Group recognizes the write-off of financial assets only when any of the following conditions are met: 1. The rights on the financial asset cash flows have expired; or 2. The financial asset is transferred pursuant to the requirements in 3.2.4 of IFRS 9. The Group derecognizes financial assets that have been transferred only when the following characteristics are met: 1. The contractual rights to receive the cashflows from the assets have expired or when they have been transferred and the Group transfers substantially all the risks and rewards of ownership. 2. The Entity retains the contractual rights to receive cash flows from assets but assumes a contractual obligation to pay those cash flows to oher entities and transfers subtantially all of the risks and rewards. These transactions result in derecognition if the Group: a. Has no obligation to make payments unless it collects amounts from the assets; b. Is prohibited from selling or pledging the financial assets; c. Has an obligation to remit any cash it collects from the assets without material delay. Write Off of Financial Assets The Group reduces the gross carrying amount of a financial asset when it has no reasonable expectations of recovering a financial asset in its entirety of a portion thereof. A write-off constitues a derecognition event. Financial Liabilities Classification The Group classifies its financial liabilities as subsequently measured at amortized cost using the effective rate method, except for: · Financial liabilities at fair value through profit or loss. · Financial liabilities arising from the transfer of financial assets which did not qualify for derecognition. · Financial guarantee contracts and loan commitments. Financial Liabilities valued at fair value through profit or loss : At initial recognition, the Group can designate a liability at fair value through profit or loss if it reflects more appropriately the financial information because: · The Group eliminates or substantially reduces an accounting mismatch in measurement or recognition inconsistency; or · if financial assets and financial liabilities are managed and their performances assessed on a fair value basis according to an investment strategy or a documented risk management; or · if a host contract contains one or more embedded derivatives and the Group has opted for designating the entire contract at fair value through profit or loss. Financial guarantee contract : A guarantee contract is a contract which requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due, in accordance with the terms of a debt instrument. Financial guarantee contracts and loan commitments are initially measured at fair value and subsequently measured at the higher of the amount of the loss allowance and the unaccrued premium at year end. Derecognition of financial liabilities The Entity dereco

CRITICAL ACCOUNTING POLICIES AN

CRITICAL ACCOUNTING POLICIES AND ESTIMATES	12 Months Ended
	Dec. 31, 2019
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
CRITICAL ACCOUNTING POLICIES AND ESTIMATES	2. CRITICAL ACCOUNTING POLICIES AND ESTIMATES The preparation of these Consolidated Financial Statements in accordance with IFRS requires the use of certain critical accounting estimates. It also requires Senior Management to make judgements in applying the accounting standards to define the Group’s accounting policies. The Group has identified the following areas which involve a higher degree of judgement or complexity, or areas where assumptions and estimates are material for these Consolidated Financial Statements which are essential to understand the underlying accounting/financial reporting risks: a- Fair value of derivatives and other instruments The fair value of financial instruments not listed in active markets is determined using valuation techniques. Such techniques are validated and reviewed periodically by qualified personnel independent from the area which developed them. All models are assessed and adjusted before being put into use in order to ensure that results reflect current information and comparable market prices. As long as possible, models rely on observable inputs only; however, certain factors such as the Group’s own and the counterparty’s credit risk, volatilities and correlations, require the use of estimates. Changes in the assumptions of these factors may affect the reported fair value of financial instruments. b- Allowances for loan losses The Group recognizes the allowance for loan losses under the expected credit losses method included in IFRS 9. The most significant judgements of the model relate to defining what is considered to be a significant increase in credit risk, determining the life of revolving facilities, and in making assumptions and estimates to incorporate relevant information about past events, current conditions and forecasts of economic conditions. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors. Note 1.12 provides more detail of how the expected credit loss allowance is measured. c- Impairment of Non-Financial Assets Intangible assets with definite useful life and property, plant and equipment are amortized or depreciated on a straight-line basis during their estimated useful life. The Group monitors the conditions associated with these assets to determine whether the events and circumstances require a review of the remaining amortization or depreciation term and whether there are factors or circumstances indicating impairment in the value of the assets which might not be recoverable. Identifying the indicators of impairment of property, plant and equipment and intangible assets requires the use of judgment. The Group has concluded that there were no indicators of impairment for any of the years reported in its consolidated financial statements. Assets with indefinite useful life are tested for impairment. This process require Management to make judgements, including the identification of cash-generating units, the identification and allocation of assets and liabilities to a cash-generating unit and the definition of their recoverable value. When calculating the recoverable value of a cash-generating unit, the Group use estimates and significant judgments and assumptions. Although the Group believes that assumptions and forecasts used are suitable in virtue of the information available for the administration, changes in assumptions or circumstances may require changes in the assessment. Negative changes in assumptions used in impairment tests of assets with indefinite useful life may result in a potential impairment recognition. d- Structured Entities Assessing whether the Group controls a structured entity requires Management to make, judgments. Management assesses its exposure to risks and rewards, as well as its ability to make decisions and direct the relevant activities of such structured entity. Structured entities controlled by the Group are subject to consolidation. The following elements were used to determine if the Group controls a structured entity: · The purpose and design of the trust · Identification of relevant activities of the trust · Decision-making process on these activities · If the Group has the power to direct the relevant activities of the trust · If the Group is exposed to, or has rights to, variable returns from its involvement with the trust · If the Group has the ability to affect those returns through its power over the trust If Structured Entities were not consolidated by the Group, the consolidated income statement would record a loss of 13,234, 91,227 and 59,155 as of December 31, 2019, 2018 and 2017 respectively. See Note 1.3 for further information on the Group´s exposure to structured entities. e- Income tax and deferred tax A significant level of judgment is required to determine current and deferred tax assets and liabilities. Current income tax is measured at the amount expected to be paid while deferred income tax is measured based on the temporary differences between the carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of reversal of such differences. A deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on Management’s assumptions about the amounts and timing of such future taxable income. Then, management needs to determine whether deferred tax assets are likely to be used and offset against future taxable income. Actual results may differ from these estimates, for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts. Future taxable income and the number of tax benefits likely to be available in the future are based on a medium term business plan prepared by management on the basis of reasonable expectations.

SEGMENT REPORTING

SEGMENT REPORTING	12 Months Ended
	Dec. 31, 2019
SEGMENT REPORTING
SEGMENT REPORTING	3. SEGMENT REPORTING The Group determines operating segments based on performance reports which are reviewed by the Board and key personnel of Senior Management and updated upon changes. The Group considers the business for the type of products and services offered, identifying the following operating segments: a- Retail Banking – Includes both the granting of loans and other credit products such as deposits from individuals. b- Corporate Banking – Includes advisory services at a corporate and financial level, as well as the administration of assets and loans targeted to big clients. c- Treasury – Includes operations with Government Securities of the Group, syndicated loans and financial lease. d- Consumer – Includes loans and other credit products targeted to middle and lower-middle income sectors and non-financial products and services. e- Insurance: Includes insurance products, with a focus on life insurance, to targeted customers segments f- Mutual Fund Administration and Other Segments – Includes MFs administered by the Group. Includes also assets, liabilities and results of Micro Lending S.A.U., Invertir Online.Com Argentina S.A.U.. and InvertirOnline S.A.U Operating results of the different operating segments of the Group are reviewed individually with the purpose of taking decisions over the allocation of resources and the performance appraisal of each segment. The performance of such segments will be evaluated based on operating earnings and losses and is measured consistently with operating earnings and losses of the consolidated earnings and losses statement. When a transaction is carried out, transfer prices between segments are taken in an independent and equitative manner, as in cases of transactions with third parties. Later, income, expenses and results from transfers between operating segments are removed from the consolidation. The following chart includes information by segment measured in accordance with IAS 29, as of December 31, 2019, 2018 and 2017: Adm. MF Retail Corporate and other Total as of Asset by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2019 Cash and due from banks 7,691,602 1,022,915 16,870,526 321,145 3,385 2,420,972 (1,927,446) 26,403,099 Debt securities at fair value through profit or loss — — 312,306 92,762 — 163,433 — 568,501 Loans and other financing 36,757,453 43,426,550 3,720,408 5,036,973 453,978 30,746 (1,416,097) 88,010,011 Other Assets 2,525,566 1,335,130 17,533,288 2,975,202 1,091,343 538,602 7,703,949 33,703,080 Total Assets 46,974,621 45,784,595 38,436,528 8,426,082 1,548,706 3,153,753 4,360,406 148,684,691 Adm. MF Retail Corporate and other Total as of Liabilities by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2019 Deposits 59,571,804 14,479,560 15,676,584 1,634,091 — — (2,353,862) 89,008,177 Financing received from the Argentine Central Bank and others 12,605 — 8,998,732 949,764 — 46,020 (989,524) 9,017,597 Negotiable obligations 108,506 76,568 5,885,843 — — 15,558 — 6,086,475 Other liabilities 4,469,288 1,660,750 4,344,219 3,194,412 757,986 2,583,709 4,126,683 21,137,047 Total Liabilities 64,162,203 16,216,878 34,905,378 5,778,267 757,986 2,645,287 783,297 125,249,296 Adm. MF For the year Retail Corporate and other ended Result by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2019 Interests income 19,943,285 16,620,870 4,504,500 5,020,100 — 223,067 (1,517,227) 44,794,595 Interest Expense (9,330,992) (2,914,797) (21,148,187) (3,140,068) — (133,753) 1,754,346 (34,913,451) Distribution of results by the Treasury 4,735,940 (6,707,314) 1,971,374 — — — — — Net interest income 15,348,233 6,998,759 (14,672,313) 1,880,032 — 89,314 237,119 9,881,144 Net income from financial instruments at fair value through profit or loss 10,257 — 20,078,197 243,387 386,589 97,619 144,917 20,960,966 Exchange rate differences on gold and foreign currency 1,910,742 206,955 (2,483,544) 8,202 1,233 21,725 10,617 (324,070) NIFFI And Exchange Rate Differences 1,920,999 206,955 17,594,653 251,589 387,822 119,344 155,534 20,636,896 Net Financial Income 17,269,232 7,205,714 2,922,340 2,131,621 387,822 208,658 392,653 30,518,040 Services Fee Income 5,457,779 922,499 36,923 1,787,165 — 637,936 (242,695) 8,599,607 Services Fee Expenses (1,453,790) (122,345) (48,859) (653,485) — (30,416) 64,925 (2,243,970) Income from insurance activities — — — — 1,195,580 — 197,776 1,393,356 Net Service Fee Income 4,003,989 800,154 (11,936) 1,133,680 1,195,580 607,520 20,006 7,748,993 Subtotal 21,273,221 8,005,868 2,910,404 3,265,301 1,583,402 816,178 412,659 38,267,033 Result from exposure to changes in the purchasing power of money (1,577,053) (1,863,177) (393,524) (838,689) (884,821) (349,376) 547,075 (5,359,565) Other operating income 1,119,911 735,451 343,425 417,651 7,485 155,955 (24,611) 2,755,267 Loan loss provisions (2,919,371) (3,586,981) 24,645 (1,292,881) — 37,720 — (7,736,868) Net operating income 17,896,708 3,291,161 2,884,950 1,551,382 706,066 660,477 935,123 27,925,867 Personnel expenses (9,762,313) (1,826,316) (650,090) (1,278,332) (187,524) (304,708) (155,006) (14,164,289) Administration expenses (4,902,930) (659,642) (310,553) (1,169,952) (263,978) (265,146) (1,342) (7,573,543) Depreciations and impairment of non-financial assets (1,306,002) (265,234) (71,296) (100,299) (9,366) (6,621) (55,853) (1,814,671) Other operating expenses (3,399,168) (1,698,769) (510,621) (635,888) (1,229) (99,533) (13,083) (6,358,291) Operating (loss) / income (1,473,705) (1,158,800) 1,342,390 (1,633,089) 243,969 (15,531) 709,839 (1,984,927) Income from associates and joint ventures — — — 3,357 — — (3,357) — Result before taxes (1,473,705) (1,158,800) 1,342,390 (1,629,732) 243,969 (15,531) 706,482 (1,984,927) Income tax 10,427 1,523 17,516 541,324 (221,592) (86,158) (431,735) (168,695) Net (loss) / income (1,463,278) (1,157,277) 1,359,906 (1,088,408) 22,377 (101,689) 274,747 (2,153,622) Net (loss) / income for the year attributable to owners of the parent company (1,463,278) (1,157,277) 1,359,906 (1,088,408) 22,377 (101,689) 276,769 (2,151,600) Net loss for the year attributable to non-controlling interest — — — — — — (2,022) (2,022) Other comprehensive (loss) / income (37,056) (26,149) (65,995) — 81,366 — 1 (47,833) Other comprehensive (loss) / income attributable to owners of the parent company (37,056) (26,149) (65,995) — 81,366 — 133 (47,701) Other comprehensive loss attributable to non-controlling interest — — — — — — (132) (132) Comprehensive (loss) / income for the year (1,500,334) (1,183,426) 1,293,911 (1,088,408) 103,743 (101,689) 274,748 (2,201,455) Comprehensive (loss) / income attributable to owners of the parent company (1,500,334) (1,183,426) 1,293,911 (1,088,408) 103,743 (101,689) 276,902 (2,199,301) Comprehensive loss attributable to non-controlling interest — — — — — — (2,154) (2,154) Adm. MF Retail Corporate and other Total as of Asset by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2018 Cash and due from banks 7,239,531 500,337 43,851,308 94,475 4,823 895,461 (763,563) 51,822,372 Debt securities at fair value through profit or loss — — 22,984,545 — 153,895 108,889 — 23,247,329 Loans and other financing 47,358,154 59,764,723 4,345,135 9,862,852 706,712 926,389 (4,192,330) 118,771,635 Other Assets 1,755,720 123,346 8,711,917 2,669,278 573,006 970,498 9,387,709 24,191,474 Total Assets 56,353,405 60,388,406 79,892,905 12,626,605 1,438,436 2,901,237 4,431,816 218,032,810 Adm. MF Retail Corporate and other Total as of Liabilities by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2018 Deposits 79,499,070 14,492,455 50,620,684 2,565,917 — — (1,181,925) 145,996,201 Financing received from the Argentine Central Bank and others 16,657 11,095,730 1,209,680 3,911,307 — 283,892 (4,160,160) 12,357,106 Negotiable obligations — — 11,412,744 2,005,981 — 78,633 820,087 14,317,445 Other liabilities 4,910,579 1,554,733 2,981,986 2,654,830 595,742 1,735,797 4,825,996 19,259,663 Total Liabilities 84,426,306 27,142,918 66,225,094 11,138,035 595,742 2,098,322 303,998 191,930,415 Adm. MF For the year Retail Corporate and other ended Result by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2018 Interests income 20,200,645 16,516,702 2,777,378 8,099,756 60,224 457,730 (1,322,399) 46,790,036 Interest Expense (5,994,400) (2,040,304) (16,754,056) (2,996,575) — (348,189) 1,346,134 (26,787,390) Distribution of results by Treasury 1,148,153 (6,594,932) 5,446,779 — — — — — Net interest income 15,354,398 7,881,466 (8,529,899) 5,103,181 60,224 109,541 23,735 20,002,646 Net income from financial instruments at fair value through profit or loss 70,152 — 8,625,394 (899,758) 265,112 84,746 1,561,749 9,707,395 Exchange rate differences on gold and foreign currency 1,270,863 123,169 330,812 6,847 (8) 35,431 (33,877) 1,733,237 NIFFI And Exchange Rate Differences 1,341,015 123,169 8,956,206 (892,911) 265,104 120,177 1,527,872 11,440,632 Net Financial Income 16,695,413 8,004,635 426,307 4,210,270 325,328 229,718 1,551,607 31,443,278 Services Fee Income 5,418,126 831,023 40,506 2,215,442 — 677,975 (64,366) 9,118,706 Services Fee Expenses (1,232,265) (103,137) (85,134) (758,049) — (32,149) 29,114 (2,181,620) Income from insurance activities — — — — 1,025,991 — 279,531 1,305,522 Net Service Fee Income 4,185,861 727,886 (44,628) 1,457,393 1,025,991 645,826 244,279 8,242,608 Subtotal 20,881,274 8,732,521 381,679 5,667,663 1,351,319 875,544 1,795,886 39,685,886 Result from exposure to changes in the purchasing power of money (1,835,081) (2,365,062) (1,562,400) (885,652) (399,486) (186,231) (2,019,109) (9,253,021) Other operating income 1,486,750 1,415,572 117,166 812,447 6,636 141,375 (174,812) 3,805,134 Loan loss provisions (2,557,593) (1,332,146) (24,995) (3,934,373) — (117,924) — (7,967,031) Net operating income / (loss) 17,975,350 6,450,885 (1,088,550) 1,660,085 958,469 712,764 (398,035) 26,270,968 Personnel expenses (8,803,439) (1,574,602) (543,288) (1,791,966) (171,808) (294,857) (324,340) (13,504,300) Administration expenses (5,652,992) (730,139) (283,864) (1,436,941) (233,661) (300,768) 22,969 (8,615,396) Depreciations and impairment of non-financial assets (398,291) (127,812) (28,250) (70,023) (7,522) (2,615) (30,641) (665,154) Other operating expenses (3,557,128) (1,570,475) (439,465) (963,097) (1,021) (82,067) (19,908) (6,633,161) Operating (loss) / income (436,500) 2,447,857 (2,383,417) (2,601,942) 544,457 32,457 (749,955) (3,147,043) Income from associates and joint ventures — — — (6,881) — — 6,881 — Result before taxes (436,500) 2,447,857 (2,383,417) (2,608,823) 544,457 32,457 (743,074) (3,147,043) Income tax (337,442) (635,966) (138,783) 361,888 (236,071) (58,690) (510,010) (1,555,074) Net (loss) / income (773,942) 1,811,891 (2,522,200) (2,246,935) 308,386 (26,233) (1,253,084) (4,702,117) Net (loss) / income for the year attributable to owners of the parent company (733,224) 1,811,891 (2,522,200) (2,246,935) 308,386 (26,233) (1,249,735) (4,658,050) Net loss for the year attributable to non-controlling interest (40,718) — — — — — (3,349) (44,067) Other comprehensive (loss) / income (24,855) 189,655 186,199 318 (1,658) — 21,958 371,617 Other comprehensive (loss) / income attributable to owners of the parent company (24,855) 189,655 186,199 318 (1,658) — 21,572 371,231 Other comprehensive income attributable to non-controlling interest — — — — — — 386 386 Comprehensive (loss) / income for the year (798,797) 2,001,546 (2,336,001) (2,246,617) 306,728 (26,233) (1,231,126) (4,330,500) Comprehensive (loss) / income attributable to owners of the parent company (758,079) 2,001,546 (2,336,001) (2,246,617) 306,728 (26,233) (1,228,163) (4,286,819) Comprehensive loss attributable to non-controlling interest (40,718) — — — — — (2,963) (43,681) Adm. MF Retail Corporate and other Total as of Asset by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2017 Cash and due from banks 6,357,430 590,773 18,104,666 165,664 6,841 541 (20,592) 25,205,323 Debt securities at fair value through profit or loss — — 25,052,554 172,260 — — 677,370 25,902,184 Loans and other financing 48,927,312 68,919,197 5,133,358 15,113,729 216,278 39,326 (4,347,840) 134,001,360 Other Assets 958,922 27,501 11,909,500 3,251,455 1,155,018 435,670 5,180,855 22,918,921 Total Assets 56,243,664 69,537,471 60,200,078 18,703,108 1,378,137 475,537 1,489,793 208,027,788 Adm. MF Retail Corporate and other Total as of Liabilities by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2017 Deposits 80,026,461 10,482,457 36,399,868 1,600,834 — — (390,330) 128,119,290 Financing received from the Argentine Central Bank and others 14,796 6,253,027 1,398,610 439,402 — — (97,680) 8,008,155 Negotiable obligations — — 14,612,858 4,341,420 — — 553,573 19,507,851 Other liabilities 7,773,656 1,948,346 11,403,533 9,535,194 554,777 203,894 (10,242,223) 21,177,177 Total Liabilities 87,814,913 18,683,830 63,814,869 15,916,850 554,777 203,894 (10,176,660) 176,812,473 Adm. MF For the year Retail Corporate and other ended Result by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2017 Interest Income 15,485,230 9,193,774 2,150,111 8,389,548 — — (968,139) 34,250,524 Interest Expense (3,737,355) (451,503) (6,995,270) (2,648,088) — (29) 1,049,288 (12,782,957) Distribution of results by Treasury 2,662,554 (5,253,561) 2,591,007 — — — — — Net interest income 14,410,429 3,488,710 (2,254,152) 5,741,460 — (29) 81,149 21,467,567 Net income from financial instruments at fair value through profit or loss (28,907) — 4,425,101 (634,803) 235,516 64,910 1,392,537 5,454,354 Exchange rate differences on gold and foreign currency 365,444 (104,511) 325,848 8,356 — 1,831 7,766 604,734 NIFFI And Exchange Rate Differences 336,537 (104,511) 4,750,949 (626,447) 235,516 66,741 1,400,303 6,059,088 Net Financial Income 14,746,966 3,384,199 2,496,797 5,115,013 235,516 66,712 1,481,452 27,526,655 Services Fee Income 5,722,307 1,130,057 41,992 1,721,223 — 513,216 199,170 9,327,965 Services Fee Expenses (1,250,037) (59,582) (44,019) (178,106) — — (345,668) (1,877,412) Income from insurance activities — — — — 983,795 — 399,914 1,383,709 Net Service Fee Income 4,472,270 1,070,475 (2,027) 1,543,117 983,795 513,216 253,416 8,834,262 Subtotal 19,219,236 4,454,674 2,494,770 6,658,130 1,219,311 579,928 1,734,868 36,360,917 Result from exposure to changes in the purchasing power of money (948,332) (1,153,660) (469,255) (264,439) (217,545) (40,496) (892,463) (3,986,190) Other operating income 1,806,462 604,994 145,679 1,378,346 4,890 (3,770) (1,109,125) 2,827,476 Loan loss provisions (2,165,779) (445,109) (10,574) (3,576,034) — — (6,852) (6,204,348) Net operating income / (loss) 17,911,587 3,460,899 2,160,620 4,196,003 1,006,656 535,662 (273,572) 28,997,855 Personnel expenses (8,925,324) (1,653,483) (610,812) (1,887,567) (169,025) (93,129) (99,825) (13,439,165) Administration expenses (5,409,736) (684,388) (323,670) (1,717,251) (214,828) (24,521) 808,100 (7,566,294) Depreciations and impairment of non-financial assets (589,546) (130,233) (152,759) (76,898) (7,024) (266) (93) (956,819) Other operating expenses (3,993,643) (1,028,888) (351,944) (964,378) (2,598) (20,783) (32,308) (6,394,542) Operating (loss) / income (1,006,662) (36,093) 721,435 (450,091) 613,181 396,963 402,302 641,035 Income from associates and joint ventures — — — 10,411 — — (10,411) — Result before taxes (1,006,662) (36,093) 721,435 (439,680) 613,181 396,963 391,891 641,035 Income tax (184,935) (222,877) (583,091) (398,280) (244,960) (150,825) (17,901) (1,802,869) Net (loss) / income (1,191,597) (258,970) 138,344 (837,960) 368,221 246,138 373,990 (1,161,834) Net (loss) / income for the year attributable to owners of the parent company (1,192,896) (258,970) 138,344 (837,960) 368,221 246,138 376,658 (1,160,465) Net income / (loss) for the year attributable to non-controlling interest 1,299 — — — — — (2,668) (1,369) Other comprehensive income / (loss) 6,998 7,879 2,889 (111) 57,915 — (3,450) 72,120 Other comprehensive income / (loss) attributable to owners of the parent company 6,998 7,879 2,889 (111) 57,915 — (3,470) 72,100 Other comprehensive income attributable to non-controlling interest — — — — — — 20 20 Comprehensive (loss) / income for the year (1,184,599) (251,091) 141,233 (838,071) 426,136 246,138 370,540 (1,089,714) Comprehensive (loss) / income attributable to owners of the parent company (1,185,898) (251,091) 141,233 (838,071) 426,136 246,138 373,188 (1,088,365) Comprehensive income (loss) attributable to non-controlling interest 1,299 — — — — — (2,648) (1,349)

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2019
INCOME TAX
INCOME TAX	4. INCOME TAX On December 21, 2019, the National Executive enacted Income Tax Law 27,541. This law has introduced several changes to the previous income tax treatment. Some of the key changes involved in the reform include: Article 27 of the Law stipulates that the inflation adjustment, positive or negative, corresponding to the first and second fiscal year beginning on January 1, 2019, should allocate a sixth (1/6) in that fiscal period and the remaining five sixth (5/6), in equal parts, in the next five (5) immediate fiscal periods. In turn, it is clarified that said provision does not preclude the allocation of the remaining thirds corresponding to previous periods, calculated in accordance with the previous version of article 194 of the Income Tax Law. Article 48 of the Law 27,541 establishes that until the fiscal years beginning as of January 1, 2021 inclusive, the tax rate will be thirty percent (30%) -Dividends or distributed profits will be 7%. The following table reconciles the statutory income tax rate in Argentina to the Group´s effective tax rate as of December 31, 2019, 2018 and 2017: 12/31/2019 12/31/2018 12/31/2017 Current income tax (412,963) (741,754) (2,043,564) Income tax – deferred method 244,268 (813,320) 240,695 Income tax allotted in the Income Statement (168,695) (1,555,074) (1,802,869) Income tax allotted in Other comprehensive income 7,716 (123,042) (32,434) Total Income Tax Charge (160,979) (1,678,115) (1,835,303) The following is a reconciliation between the income tax charged to income as of December 31, 2019, 2018 and 2017, and that which would result from applying the current tax rate on the accounting profit 12/31/2019 12/31/2018 12/31/2017 Income before taxes (1,984,927) (3,147,043) 641,035 Tax rate 30 % 30 % 35 % Income for the year at tax rate 595,478 944,113 (224,362) Permanent differences at tax rate: Result from exposure to changes in the purchasing power of money (1,607,870) (2,818,203) (1,395,167) Deductible investments 57,216 323,526 41,307 Tax inflation adjustment 1,775,525 — (397,406) Others (989,044) (4,510) 172,759 Income tax (168,695) (1,555,074) (1,802,869) 4.1 The net position of the deferred tax is as follows: 12/31/2019 12/31/2018 Deferred tax assets 1,671,195 1,264,222 Deferred tax liability (506,291) (343,586) Net assets by deferred tax 1,164,904 920,636 Deferred taxes to be recovered in more than 12 months 1,515,532 1,154,710 Deferred taxes to be recovered in 12 months 155,663 109,512 Subtotal – Deferred tax assets 1,671,195 1,264,222 Deferred taxes to be paid in more than 12 months — (237,571) Deferred taxes to be paid in 12 months (506,291) (106,015) Subtotal – Deferred tax liabilities (506,291) (343,586) Total Net Assets by deferred Tax 1,164,904 920,636 Deferred tax assets / (liabilities) are summarized as follows: Balance at (Charge)/Credit Balance at 12/31/2018 to Income 12/31/2019 Intangible assets (384,706) (317,274) (701,980) Retirement plans 88,468 (4,003) 84,465 Loan Loss Reserves 1,609,515 (688,632) 920,883 Property, plant and equipment (517,564) (389,819) (907,383) Foreign Currency (126,045) 64,558 (61,487) Loss Carry Forward 247,083 (82,059) 165,024 Inflation adjustment credit — 1,492,842 1,492,842 Provisions — 196,064 196,064 Others 3,885 (27,409) (23,524) Total 920,636 244,268 1,164,904 Balance at (Charge)/Credit Balance at 12/31/2017 to Income 12/31/2018 Intangible assets (74,203) (310,503) (384,706) Retirement plans 407,656 (319,188) 88,468 Loan Loss Reserves 1,311,637 297,878 1,609,515 Property, plant and equipment (273,683) (243,881) (517,564) Foreign Currency (121,998) (4,047) (126,045) Loss Carry Forward — 247,083 247,083 Others 484,547 (480,662) 3,885 Total 1,733,956 (813,320) 920,636

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
FINANCIAL INSTRUMENTS
FINANCIAL INSTRUMENTS	5. FINANCIAL INSTRUMENTS Financial instruments held by the Group as of December 31, 2019 and 2018: Financial Instruments as of 12/31/2019 Fair value - PL Amortized Cost Fair value - OCI Total Assets - Cash and due from banks 29,910 26,373,189 — 26,403,099 - Debt securities at fair value through profit or loss 568,501 — — 568,501 - Derivatives 257,587 — — 257,587 - Other financial assets 1,101,531 995,335 — 2,096,866 - Loans and other financing — 88,010,011 — 88,010,011 - Other debt securities — 3,287,385 7,171,171 10,458,556 - Financial assets in guarantee 4,924,540 409,164 — 5,333,704 - Investments in Equity Instruments 5,796 — 8,783 14,579 Total Assets 6,887,865 119,075,084 7,179,954 133,142,903 Liabilities - Deposits — 89,008,177 — 89,008,177 - Liabilities at fair value through profit or loss 189,554 — — 189,554 - Derivates — 319,817 — 319,817 - Other financial liabilities 5,996,738 3,118,827 — 9,115,565 - Financing received from the Argentine Central Bank and other financial institutions — 9,017,597 — 9,017,597 - Unsubordinated Negotiable obligations — 6,086,475 — 6,086,475 -Subordinated Negotiable Obligations — 2,119,888 — 2,119,888 Total Liabilities 6,186,292 109,670,781 — 115,857,073 Financial Instruments as of 12/31/2018 Fair value - PL Amortized Cost Fair value - OCI Total Assets - Cash and due from banks 15,997 51,806,375 — 51,822,372 - Debt securities at fair value through profit or loss 23,247,329 — — 23,247,329 - Derivatives 24,496 — — 24,496 - Other financial assets 23,181 2,588,976 — 2,612,157 - Loans and other financing — 118,771,635 — 118,771,635 - Other debt securities — 6,458,727 173,134 6,631,861 - Financial assets in guarantee 2,896,049 191,701 — 3,087,750 - Investments in Equity Instruments 2,466 — 13,539 16,005 Total Assets 26,209,518 179,817,414 186,673 206,213,605 Liabilities - Deposits — 145,996,201 — 145,996,201 - Liabilities at fair value through profit or loss 412,403 — — 412,403 - Derivates 144,944 — — 144,944 - Other financial liabilities 4,472,991 2,091,405 — 6,564,396 - Financing received from the Argentine Central Bank and other financial institutions 23,023 12,334,083 — 12,357,106 - Unsubordinated Negotiable obligations — 14,317,445 — 14,317,445 -Subordinated Negotiable Obligations — 2,128,759 — 2,128,759 Total Liabilities 5,053,361 176,867,893 — 181,921,254

FAIR VALUES

FAIR VALUES	12 Months Ended
	Dec. 31, 2019
FAIR VALUES
FAIR VALUES	6. FAIR VALUES 6.1 Fair Value of Financial Instruments The Group classifies fair values of financial instruments in a three level hierarchy according to the reliability of the inputs used to determine them. Fair Value level 1: The fair value of financial instruments traded in active markets (such as publicly-traded derivatives, debt securities or available for sale) is based on market quoted prices as of the date of the reporting period. If the quoted price is available and there is an active market for the instrument, it will be included in Level 1. Otherwise, it will be included in Level 2. Fair Value level 2: The fair value of financial instruments which are not traded in active markets, such as over-the-counter derivatives, is determined using valuation techniques that maximize the use of observable market data and rely the least possible on the Group’s specific estimates. If all significant inputs required to determine fair value a financial instrument are observable, such instrument is included in level 2. If the inputs used to determine the price are not observable, the instrument will be included in Level 3. Fair Value level 3: If one or more significant inputs are not based on observable market data, the instrument is included in level 3. The Group’s financial instruments measured at fair value as of December 31, 2019 and 2018 are detailed below: Financial Instruments as of 12/31/2019 FV level 1 FV level 2 FV level 3 Total Assets - Cash and due from banks 29,910 — — 29,910 - Debt securities at fair value through profit or loss 564,830 — 3,671 568,501 - Derivatives 257,587 — — 257,587 - Other financial assets 1,101,531 — — 1,101,531 - Other debt securities 7,171,171 — — 7,171,171 - Financial assets in guarantee 4,924,540 — — 4,924,540 - Investments in Equity Instruments 5,796 8,783 — 14,579 Total Assets 14,055,365 8,783 3,671 14,067,819 Liabilities - Liabilities at fair value through profit or loss 189,554 — — 189,554 - Other financial liabilities 5,996,738 — — 5,996,738 Total Liabilities 6,186,292 — — 6,186,292 Financial Instruments as of 12/31/2018 FV level 1 FV level 2 FV level 3 Total Assets - Cash and due from banks 15,997 — — 15,997 - Debt securities at fair value through profit or loss 5,761,365 17,485,964 — 23,247,329 - Derivatives 24,496 — — 24,496 - Other financial assets 23,181 — — 23,181 - Other debt securities 173,134 — — 173,134 - Financial assets in guarantee 2,896,049 — — 2,896,049 - Investments in Equity Instruments 2,466 13,539 — 16,005 Total Assets 8,896,688 17,499,503 — 26,396,191 Liabilities - Liabilities at fair value through profit or loss 412,403 — — 412,403 - Derivative instruments — 144,944 — 144,944 - Other financial liabilities 4,472,991 — — 4,472,991 - Financing received from the Argentine Central Bank and other financial institutions 23,023 — — 23,023 Total Liabilities 4,908,417 144,944 — 5,053,361 Below is shown the reconcilation of the financial instruments classiffied as Fair Value Level 3: FV level 3 12/31/2018 Transfers(*) Additions Disposals P/L 12/31/2019 Assets - Debt securities at fair value through profit or loss — 3,671 — — — 3,671 (*) The transfer was due to the lack of observable prices, directly or indirectly, for the measurement of this Financial Instruments The Group’s policy is to recognize transfers between fair value levels only at end of period. The transfers were produced by the classification as Level 3 of the financial instruments with lack of observable prices. Valuation Techniques Valuation techniques to determine fair values Level 2 and Level 3 include the following: · Market or quoted prices for similar instruments. · The estimated present value of instruments. The valuation technique to determine fair value Level 2 is based on inputs other than the quoted price included in Level 1 that are readily observable for the asset or liability (i.e., prices). For Level 3, the Group uses valuation techniques through spot rate curves which calculate the yield upon market prices. These valuation techniques are detailed below: · Interpolation model: It consists of the determination of the value of financial instruments that do not have a market price at the closing date, based on quoted prices for similar assets (both in terms of issue, currency, and duration) in the active markets ( MAE, Bolsar or secondary) through the linear interpolation of them. This technique has been used by the Entity to determine the fair value of the instruments issued by the BCRA and Treasury Bills without quotation at the end of this period. · Performance Curve Model under Nelson Siegel: This model proposes a continuous function to model the trajectory of the instant forward interest rate considering as a domain the term comprised until the next interest and / or capital payment. It consists in the determination of the instrument’s price estimating for this the volatility through market curves. The Entity has used this model to estimate prices in negotiable obligations or financial instruments with variable interest rate. The principal inputs considered by the Group for its determination of fair values under the linear interpolation model are: · Instrument prices that were quoted between the date the curve is estimated and the settlement date of the latest payment available. · Implicit rates in the last available tender. · Only instruments that have been traded with a 24-hour settlement are considered. · If the same instrument has been listed on MAE (“Mercado Abierto Electrónico”) and Bolsar, only the market price that has been traded in the market with higher volume is considered · The yield curve is standardized based on a set of nodes, each of which has an associated expiration date. · Instruments denominated in US dollars are converted at the exchange rate on the date the instrument is negotiated. Likewise, for the determination of fair values under the Nelson Siegel model, the main data and aspects considered by the Entity were: · The Spot rate curves in pesos + BADLAR and the Spot rate curve in US dollars are established based on bonds predefined by Financial Risk Management. · The main source of prices for Bonds is MAE, without considering those corresponding to operations for own portfolio. · The portfolio of bonds used as input is changed with every issuance. The Group periodically evaluates the performance of the models based on indicators which have defined tolerance thresholds. Under IFRS, the estimated residual value of an instrument at inception is generally the transaction price. In the event that the transaction price differs from the determined fair value, the difference will be recognized in the statement of results proportionally for the duration of the instrument. 6.2 Fair Value of other Financial Instruments The following describes the methodologies and assumptions used to determine the fair values of financial instruments not recorded at their fair value in these financial statements: · Assets whose fair value is similar to book value: For financial assets and liabilities that are liquid or have short-term maturities (less than three months), the book value is considered to be similar to fair value. · Fixed rate financial instruments: The fair value of financial assets was determined by discounting future cash flows at the current market rates offered, for each year, for financial instruments with similar characteristics. The estimated fair value of deposits with a fixed interest rate was determined by discounting future cash flows through the use of market interest rates for deposits with maturities similar to those of the Bank’s portfolio. · For listed assets and the quoted debt, fair value was determined based on market prices. Below is the difference between the carrying amount and the fair value of the main assets and liabilities recorded at amortized cost as of December 31, 2019 and 2018, respectively: Other Financial Instruments as of 12/31/2019 Book value Fair value FV Level 1 FV Level 2 FV Level 3 Financial Assets -Cash and due from Banks 26,373,189 26,373,189 26,373,189 — — -Other financial assets 995,335 995,335 995,335 — — -Loans and other financing 88,010,011 91,637,500 — — 91,637,500 - Other Debt Securities 3,287,385 3,370,171 3,370,171 — — -Financial assets in guarantee 409,164 409,164 409,164 — — 119,075,084 122,785,359 31,147,859 — 91,637,500 Financial Liabilities -Deposits 89,008,177 89,009,817 — — 89,009,817 -Repo transactions 319,817 319,817 319,817 — — -Other financial liabilities 3,118,827 3,174,432 3,174,432 — — -Financing received from the BCRA and other financial institutions 9,017,597 8,778,079 — — 8,778,079 - Unsubordinated Negotiable obligations 6,086,475 6,086,475 6,086,475 — — - Subordinated Negotiable Obligations 2,119,888 2,368,114 2,368,114 — — 109,670,781 109,736,734 11,948,838 — 97,787,896 Other Financial Instruments as of 12/31/2018 Book value Fair value FV Level 1 FV Level 2 FV Level 3 Financial Assets -Cash and due from Banks 51,806,375 51,806,375 51,806,375 — — -Other financial assets 2,588,976 2,588,976 2,588,976 — — -Loans and other financing 118,771,635 138,529,292 — — 138,529,292 - Other Debt Securities 6,458,727 6,466,670 6,466,670 — — -Financial assets in guarantee 191,701 191,701 191,701 — — 179,817,414 199,583,014 61,053,722 — 138,529,292 Financial Liabilities -Deposits 145,996,201 145,629,417 — — 145,629,417 -Other financial liabilities 2,091,405 2,091,405 2,091,405 — — -Financing received from the BCRA and other financial institutions 12,334,083 10,134,114 53,055 — 10,081,059 - Unsubordinated Negotiable obligations 14,317,445 12,232,833 12,232,833 — — - Subordinated Negotiable Obligations 2,128,759 2,109,793 2,109,793 — — 176,867,893 172,197,562 16,487,086 — 155,710,476 6.3 Fair Value of Equity instruments The following are the equity instruments measured at Fair Value with changes in profit or loss as of December 31, 2019 and 2018: 12/31/2019 12/31/2018 YPF S.A. — 1,665 Grupo Financiero Galicia S.A. 5,796 801 Loma Negra S.A. — — Tenaris SA — — Pampa Energía S.A. — — Total 5,796 2,466 The following are the equity instruments measured at Fair Value with changes in Other Comprehensive Income as of December 31, 2019 and 2018: FV at Loss FV at 12/31/2018 through OCI 12/31/2019 MAE 7,092 (2,482) 4,610 SEDESA 2,483 (869) 1,614 COELSA 1,414 (495) 919 PROVINCANJE 417 (145) 272 CUYO AVAL SGR 1,383 (334) 1,049 ARGENCONTROL 193 (68) 125 LOS GROBO SGR 321 (251) 70 IEBA SA 93 (32) 61 Others 143 (80) 63 Total 13,539 (4,756) 8,783 Exposure to FV at Income changes in FV at 12/31/2017 through OCI Purchasing Power 12/31/2018 MAE 10,470 — (3,378) 7,092 SEDESA 3,666 — (1,183) 2,483 COELSA 2,088 — (674) 1,414 PROVINCANJE 615 — (198) 417 CUYO AVAL SGR 505 1,229 (351) 1,383 ARGENCONTROL 285 — (92) 193 LOS GROBO SGR 154 255 (88) 321 IEBA SA 138 — (45) 93 Others 63 119 (39) 143 Total 17,984 1,603 (6,048) 13,539

FINANCE LEASE

FINANCE LEASE	12 Months Ended
	Dec. 31, 2019
FINANCE LEASE
FINANCE LEASES	7. FINANCE LEASES 7.1 The Group as lessee (i) The following table shows the carrying amount in the financial position: 12/31/2019 01/01/2019 Right-of-use asset Land and buildings 988,386 1,354,278 Lease liability Current 467,977 596,813 Non-current 478,413 757,465 Total 946,390 1,354,278 (ii) The following table shows the amounts charged in the income statement: Items 12/31/2019 Right-of-use assets – Depreciation 567,192 Interest expenses on lease liabilities (Other operating expenses) 212,492 (iii) Lease activities: The Group leases several branches. Rental agreements are generally made for fixed periods of 1 to 10 years, but may have extension options as described in (iv) below. Contracts may contain lease components or not. The Group assigns consideration in the contract to the lease and non-lease components based on their independent relative prices. However, for the leases of real estate for which the Group is a lessee, it has chosen not to separate the lease components and those that are not, and instead counts them as a single lease component. Lease terms are negotiated individually and contain a wide range of different terms and conditions. Lease agreements do not impose other obligations to do or not do, other than the leased assets owned by the lessor. Leased assets cannot be used as collateral for obtaining loans. Until 2018, Property, Plant and Equipment leases were classified as operating leases. As of January 1, 2019, leases are recognized as a right-of-use asset by registering a liability as a counterparty on the date on which the leased asset is available for use by the Entity. Assets and liabilities arising from leases are initially measured based on the present value. Lease liabilities include the net present value of the following lease payments: · fixed payments (including fixed payments in substance), less any incentives receivable; · variable lease payments that depend on an index or a rate, initially measured using the index or rate as at the commencement date; · amounts expected to be payable by the Group under residual value guarantees; · the exercise price of a purchase option if the Group is reasonably certain to exercise that option, and · payments of penalties for terminating the lease, if the lease term reflects the Group exercising an option to terminate the lease. Lease payments to be made under reasonably certain extension options are also included in the measurement of the liability. Lease payments are discounted using the interest rate implicit in the lease. If that rate cannot be easily determined, which is generally the case with leases in the Group, the lessee’s incremental borrowing rate is used, which is the rate that the individual lessee would have to pay to borrow the necessary funds to obtain an asset of similar value to the asset by right of use in a similar economic environment with similar terms, security and conditions. To determine the incremental interest rate, the Group: · whenever possible, uses the external financing recently received as a starting point, adjusted to reflect changes in financing conditions since the external financing was received. · uses a rate determination approach that begins with a risk-free interest rate adjusted for credit risk for leases that the Entity already has for those cases in which it does not have recent third-party financing, and · makes specific adjustments for the lease, for example, term, currency and guarantee. The Group is exposed to possible future increases in variable lease payments based on an index or rate, which are not included in the lease liability until they become effective. When adjustments to lease payments based on an index or rate become effective, the lease liability is reassessed and adjusted against the right-of-use asset. Lease payments are allocated between capital and financial cost. The financial cost is charged to income during the lease period to produce a constant periodic interest rate on the remaining balance of the liability for each period. The right-of-use assets are measured at cost comprising the following: · the amount of the initial measurement of the lease liability; · any lease payment made at or before the commencement date, less any lease incentives received; · any initial direct costs, and · an estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease. The right-of-use assets are generally depreciated during the shortest useful life of the asset and the lease term in a linear fashion. Payments associated with short-term leases of equipment and all leases of low-value assets are recognized linearly as an expense in income. Short-term leases are leases with a lease term of 12 months or less and that does not contains a purchase option. Low-value assets include computer equipment and small items of office furniture. (iv) Extension and termination options Extension and termination options are included in several property leases. These are used to maximize operational flexibility in terms of managing the assets used in operations. Most of the extension and termination options maintained are exercisable only by the Group and not by the respective lessor. 7.2 The Group as lessor The following is a breakdown of the maturities of the Group’s financial and operating leases receivables and of the current values as of December 31, 2019 and 2018: Financial Lease Receivables 12/31/2019 12/31/2018 Up to 1 year 1,783,106 2,627,616 More than a year up to two years 1,167,248 2,032,214 From two to three years 665,603 1,147,353 From three to five years 421,983 681,233 More than five years 20,379 14,454 Total 4,058,319 6,502,870 Unearned financial income (871,630) (1,355,568) Net investment in the lease 3,186,689 5,147,302 The balance of allowance for loan losses related to finance leases amounts to 82,052 and 97,130 as of December 31, 2019 and 2018. Operating Lease Receivables 12/31/2019 12/31/2018 Up to 1 year 16,706 3,695 More than a year up to two years 15,732 3,695 From two to three years 13,543 2,175 From three to five years 9,202 — Total 55,183 9,565

TRANSFER OF FINANCIAL ASSETS

TRANSFER OF FINANCIAL ASSETS	12 Months Ended
	Dec. 31, 2019
TRANSFER OF FINANCIAL ASSETS
TRANSFER OF FINANCIAL ASSETS	8. TRANSFER OF FINANCIAL ASSETS When the Group transfers financial assets under an agreement that meets all requirements to derecognize such assets, the difference between the carrying amount of those assets and the amount received as consideration is charged to income. (a) Transfers that do not qualify for derecognition The following is a detail of the financial assets transferred by the Group that continue to be recognized in its consolidated financial statements as of December 31, 2019 and 2018: 12/31/2019 12/31/2018 Securitized Personal Loans Asset 1,614,099 1,184,669 Liabilities 849,775 827,152 Transfers of receivables with recourse Asset 30,201 217,277 Liabilities — 113,948 (b) Transfers of financial assets that qualify for derecognition The Group makes, in certain opportunities, non-recourse portfolio sales. In these cases, the Group has not retained any substantial risk or reward regarding the transferred portfolio, and therefore, such portfolio meets derecognition requirements.

REPO AND REVERSE REPO TRANSACTI

REPO AND REVERSE REPO TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
REPO AND REVERSE REPO TRANSACTIONS
REPO AND REVERSE REPO TRANSACTIONS	9. REPO AND REVERSE REPO TRANSACTIONS The Group carries out repo transactions in which it performs the spot sale of a security with the related forward purchase thereof, thus substantially retaining all the risks and rewards associated with the instruments and recognizing them in "Financial Assets Pledged as Collateral" at year-end, as the provisions set out in point 3.4.2 (Derecognition of Assets) of IFRS 9 "Financial Instruments") are not met. The residual values of assets transferred under repo transactions as of December 31, 2019 and 2018 are detailed below: Repo Transactions: Book Value December 31, 2019 319,817 December 31, 2018 —

DERIVATIVE FINANCIAL INSTRUMENT

DERIVATIVE FINANCIAL INSTRUMENTS	12 Months Ended
	Dec. 31, 2019
DERIVATIVE FINANCIAL INSTRUMENTS
DERIVATIVE FINANCIAL INSTRUMENTS	10. DERIVATIVE FINANCIAL INSTRUMENTS In the normal course of business, the Group enters into a variety of transactions principally in the foreign exchange stock markets. Most counterparties in the derivative transactions are banks and other financial institutions. These instruments include: · Forwards and futures: they are agreements to deliver or take delivery at a specified rate, price or index applied against the underlying asset or financial instrument, at a specific date. Futures are exchange traded at standardized amounts of the underlying asset or financial instrument. Forwards contracts are OTC agreements and are principally dealt in by the Group in foreign exchange as forward agreements. · Swaps: they are agreements between two parties with the intention to exchange cash flows and risks at specific date and for a period in the future. · Options: they confer the right to the buyer, but no obligation, to receive or pay a specific quantity of an asset or financial instrument for a specified price at or before a specified date. As of December 31, 2019 and 2018, the following amounts were recorded for operations related to derivatives: 12/31/2019 12/31/2018 Amounts receivable for spot and forward transactions pending settlement 257,587 24,496 Amounts payable for spot and forward transactions pending settlement — (144,944) 257,587 (120,448) The following table shows, the notional value of options and outstanding forward and futures contracts as of December 31, 2019 and 2018: 12/31/2019 12/31/2018 Forward sales of foreign exchange without delivery of underlying assets 279,833 230,253 Forward purchases of foreign exchange without delivery of underlying assets — 1,560,382 The incomes/( expenses) generated by derivative financial instruments during the years ended December 31, 2019, 2018 and 2017 amounted to 713,616, (2,605,689) and (166,485) respectively.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
EARNINGS PER SHARE	11. EARNINGS PER SHARE Earnings per share are calculated by dividing income attributable to the Group´s shareholders by the weighted average number of outstanding common shares during the period. As the Group does not have preferred shares or debt convertible into shares, basic earnings are equal to diluted earnings per share. 12/31/2019 12/31/2018 12/31/2017 Income attributable to shareholders of the group (2,151,600) (4,658,050) (1,160,465) Weighted average of ordinary shares (thousands) 456,722 456,722 392,832 Income per share (4.71) (10.20) (2.95)

SPECIAL TERMINATION ARRANGEMENT

SPECIAL TERMINATION ARRANGEMENTS	12 Months Ended
	Dec. 31, 2019
SPECIAL TERMINATION ARRANGEMENTS
POST EMPLOYMENT BENEFITS	12. SPECIAL TERMINATION ARRANGEMENTS Special termination arrangements are principally termination benefits payable to employees who accepted a pre-retirement offer. These benefits are payable during the period between their effective termination date and their retirement age, when they voluntarily accept an irrevocable termination arrangement. As of December 31, 2019 and 2018, special termination arrangements amounted to Ps. 947,536 and Ps. 609,302, respectively. The amounts charged to profit or loss regarding these benefits as of December 31, 2019 and 2018 were Ps. 527,901 and Ps. 125,547, respectively. The evolution during each period is detailed below: 12/31/2019 12/31/2018 Balances at the beginning 609,302 1,025,488 Charged to profit or loss 527,901 125,547 Benefits paid to participants (189,667) (541,733) Balances at closing 947,536 609,302

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	12 Months Ended
	Dec. 31, 2019
PROPERTY, PLANT AND EQUIPMENT
PROPERTY, PLANT AND EQUIPMENT	13. PROPERTY, PLANT AND EQUIPMENT Changes in property, plant and equipment for financial years ended on December 31, 2019 and 2018 are as follows: Gross carrying amount Depreciation At the Net beginning Additions by At the At the Additions by carrying of the Useful business end of beginning business Of the Other At the end amount Item year Life Revaluation Additions combinations Disposals the year of the year Disposals combinations Year Movements of the year 12/31/2019 Cost model Furniture and facilities 1,008,692 10 — — — — 1,008,692 (693,705) — — (3,434) — (697,139) 311,553 Machinery and equipment 3,104,196 5 — 192,354 — (140,581) 3,155,969 (2,495,971) 312,750 — (624,196) — (2,807,417) 348,552 Vehicles 173,783 5 — 34,806 — (35,494) 173,095 (58,803) 15,658 — (31,073) — (74,218) 98,877 Right of use assets — — — 1,503,784 — — 1,503,784 — 644 — (567,192) — (566,548) 937,236 Construction in progress 548,023 — — 113,370 — (181,216) 480,177 — — — — — — 480,177 Revaluation model Land and Buildings 1,863,622 50 (62,080) 108,422 — (92) 1,909,872 (90,547) 29,791 — (23,433) — (84,189) 1,825,683 Total 6,698,316 (62,080) 1,952,736 — (357,383) 8,231,589 (3,339,026) 358,843 — (1,249,328) — (4,229,511) 4,002,078 Gross carrying amount Depreciation At the Net beginning Additions by At the At the Additions by carrying of the Useful business end of beginning business Of the Other At the end amount Item year Life Revaluation Additions combinations Disposals the year of the year Disposals combinations Year Movements of the year 12/31/2018 Cost model Furniture and facilities 930,958 10 — 69,318 9,136 (720) 1,008,692 (624,844) — (6,443) (58,389) (4,029) (693,705) 314,987 Machinery and equipment 2,925,963 5 — 183,808 19,777 (25,352) 3,104,196 (2,229,327) 20,283 (17,485) (252,056) (17,386) (2,495,971) 608,225 Vehicles 143,263 5 — 54,561 2,769 (26,810) 173,783 (61,193) 15,702 (395) (12,085) (832) (58,803) 114,980 Construction in progress 658,429 — — 188,663 — (299,069) 548,023 — — — — — — 548,023 Revaluation model Land and Buildings 1,581,142 50 474,704 — — (192,224) 1,863,622 (154,595) 64,048 — — — (90,547) 1,773,075 Total 6,239,755 — 474,704 496,350 31,682 (544,175) 6,698,316 (3,069,959) 100,033 (24,323) (322,530) (22,247) (3,339,026) 3,359,290 13.1 Revaluation of Property, Plant and Equipment The Group´s properties, plant and equipment measured at revaluation model were valued at each reporting date by an independent expert. The frequency of revaluations ensures fair value of the revalued asset does not differ materially from its carrying amount. The last revaluation was made on December 31, 2019. The following are the book values that would have been recognized if the assets had been accounted under the cost model: Residual Value according to Revaluation Revalued the cost Class date amount model Difference Land and buildings 12/31/2019 1,825,683 1,887,763 (62,080) Land and buildings 12/31/2018 1,773,074 1,298,370 474,704 For all Land and Buildings with a total valuation of 1,825 million as of December 31, 2019, the valuation was determined using sales Comparison Approach prepared by the Group’s management considering a report of an independent expert. Sale prices of comparable properties are adjusted considering the specific aspects of each property, the most relevant premise being the price per meter (Level 3). The Group estimated that, other factors being constant, a 5% reduction on the Sales price per meter for the period ended December 31, 2019 would have reduced the value of the Land and Buildings on 91.2 million, which would impact, net of its tax effect on the "Net Revaluation surplus of property, plant and equipment" item in the statement of comprehensive income

INVESTMENT PROPERTIES

INVESTMENT PROPERTIES	12 Months Ended
	Dec. 31, 2019
INVESTMENT PROPERTIES
INVESTMENT PROPERTIES	14. The movements in investment properties for the years ended December 31, 2019 and 2018 were as follows: At the P/L for Beginning Total useful changes As of Item of the year life in the FV Additions Disposals 12/31/2019 Measurement at fair value Rented properties 635,877 50 (127,130) 3,551,323 (5,333) 4,054,737 TOTAL INVESTMENT PROPERTIES 635,877 — (127,130) 3,551,323 (5,333) 4,054,737 At the P/L for Beginning Total useful changes As of Item of the year life in the FV Additions Disposals 12/31/2018 Measurement at fair value Rented properties 441,610 50 221,408 16,103 (43,244) 635,877 TOTAL INVESTMENT PROPERTIES 441,610 — 221,408 16,103 (43,244) 635,877 Investment properties are measured at their fair value determined by professionally qualified valuers . For all Investment Properties with a total valuation of 3.878 million as of December 31, 2019, the valuation was determined using sales Comparison Approach prepared by the Group’s management considering a report of an independent expert. Sale prices of comparable properties are adjusted considering the specific aspects of each property, the most relevant premise being the price per meter (Level 3). The Group estimated that, other factors being constant, a 5% reduction on the Sales price per meter for the period ended December 31, 2019 would have reduced the value of the Investment Properties by 193.9 million, which would impact, net of its tax effect on the "Other Operating Income" item in the Income statement.

INTANGIBLE ASSETS

INTANGIBLE ASSETS	12 Months Ended
	Dec. 31, 2019
INTANGIBLE ASSETS
INTANGIBLE ASSETS	15. INTANGIBLE ASSETS Intangible assets of the Group for fiscal years ended on December 31, 2019 and 2018 are as follows: Gross carrying amount Depreciation At the Additions At the At the At the Net carrying beginning by business End of the beginning By business End of the amount at Item of the year Additions combinations Disposals year of the year Disposals combinations Of the year year 12/31/2019 Measurement at cost Goodwill 2,678,965 13,829 — — 2,692,794 — — — — — 2,692,794 Brands 146,907 — — — 146,907 — — — — — 146,907 Other intangible assets 2,228,054 651,095 — (4,269) 2,874,880 (883,780) 120 — (458,407) (1,342,067) 1,532,813 TOTAL 5,053,926 664,924 — (4,269) 5,714,581 (883,780) 120 — (458,407) (1,342,067) 4,372,514 Gross carrying amount Depreciation At the Additions At the At the At the Net carrying beginning by business End of the beginning By business End of the amount at Item of the year Additions combinations Disposals year of the year Disposals combinations Of the year year 12/31/2018 Measurement at cost Goodwill 255,323 2,423,642 — — 2,678,965 — — — — — 2,678,965 Brands — 146,907 — — 146,907 — — — — — 146,907 Other intangible assets 1,723,407 1,300,811 2,520 (798,684) 2,228,054 (1,271,996) 618,809 (2,143) (228,450) (883,780) 1,344,274 TOTAL 1,978,730 3,871,360 2,520 (798,684) 5,053,926 (1,271,996) 618,809 (2,143) (228,450) (883,780) 4,170,146 15.1 Goodwill impairment Goodwill is assigned to the Group’s cash generating units on the basis of the operating segments. 12/31/2019 12/31/2018 Supervielle Seguros S.A. 7,115 7,115 Cordial Compañía Financiera S.A. 177,578 177,578 Banco Regional de Cuyo S.A. 63,419 63,419 InvertirOnline S.A.U. / InvertirOnline.Com Argentina S.A.U. 1,355,982 1,355,982 Micro Lending S.A.U. 1,067,660 1,067,660 Others 21,040 7,211 TOTAL 2,692,794 2,678,965 The recoverable amount of a cash generating unit is determined on the basis of its value in use. These method uses cash flow projections based on approved financial budgets covering a period of five years. The key assumptions are related to marginal contribution margins. These were determined on the basis of historic performances, other external sources of information and the expectations of market development. The discount rates used are the respective average cost of capital (“WACC”), which is considered a good indicator of the cost of capital. For each cash generating unit, where the assets are assigned, a specific WACC was determined considering the industry, the country and the size of the business. The main macroeconomic premises used are detailed below: Real Forecast Forecast Forecast Forecast Forecast 2019 2020 2021 2022 2023 2024 Inflation (end of period) 54.3 % 44.2 % 25.3 % 17.2 % 10.0 % 8.5 % Inflation (average) 53.3 % 54.6 % 29.3 % 20.6 % 13.1 % 9.1 % Cost of funding (end of period) 61.4 % 36.8 % 25.9 % 15.4 % 11.5 % 11.5 % Cost of funding (average) 65.0 % 45.2 % 31.4 % 19.9 % 13.2 % 11.5 % Loan’s interest rate (average) 78.3 % 61.0 % 50.0 % 41.8 % 39.2 % 39.0 % Goodwill has been tested annually for impairment. No impairment adjustments have been determined over these assets as a result of the tests performed. The sensitivity analysis for the cash-generating unit to which the Goodwill was allocated was based on a 5% increase in the weighted average cost of capital. The Group concluded that no impairment loss would need to be recognized on the Goodwill in the segment under these conditions.

COMPOSITION OF THE MAIN ITEMS O

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT	12 Months Ended
	Dec. 31, 2019
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT	16. COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT 16.1 Debt securities at fair value through profit or loss 12/31/2019 12/31/2018 Government securities 564,833 5,741,430 Corporate securities 3,668 114,648 Securities issued by the BCRA — 17,391,251 568,501 23,247,329 16. 2 Other financial assets 12/31/2019 12/31/2018 Participation Certificates in Financial Trusts 30,592 16,840 Investments in Mutual Funds 865,872 1,008,467 Other investments 59,608 12,211 Receivable from spot sales pending settlement 138,591 6,341 Several debtors 623,070 994,919 Miscellaneous debtors for credit card operations 379,133 573,379 2,096,866 2,612,157 16.3 Other debt securities 12/31/2019 12/31/2018 Negotiable obligations — 3,938 Debt securities from Financial trusts — 1,863 Government securities 10,449,499 6,626,011 Others 9,057 49 10,458,556 6,631,861 16.4 Financial assets in guarantee 12/31/2019 12/31/2018 Special guarantees accounts in the Argentine Central Bank 2,120,732 2,088,896 Deposits in guarantee 3,212,972 998,854 5,333,704 3,087,750 16.5 Inventories 12/31/2019 12/31/2018 Electronics 21,752 92,429 Home and Health care 7,734 16,574 Tools and Workshop Equipment 16,249 365 Obsolescence Reserve (1,280) (1,811) 44,455 107,557 16.6 Other non-financial assets 12/31/2019 12/31/2018 Other Miscellaneous assets 831,142 912,352 Loans to employees 263,922 202,414 Payments in advance 13,570 48,568 Retirement Plan 151,171 196,799 Works of art and collector's pieces 34,546 6,896 16.7 Deposits 12/31/2019 12/31/2018 Non-financial sector 5,470,177 17,083,822 Financial sector 28,098 38,821 Current accounts 10,885,298 10,287,013 Savings accounts 39,992,352 72,085,308 Time deposits and investments accounts 29,717,376 41,818,262 Others 2,914,876 4,682,975 89,008,177 145,996,201 16.8 Liabilities at fair value through profit or loss 12/31/2019 12/31/2018 Liabilities for transactions in local currency 189,554 177,215 Liabilities for transactions in foreign currency — 235,188 189,554 412,403 16.9 Other financial liabilities 12/31/2019 12/31/2018 Amounts payable for spot transactions pending settlement 2,193,818 850,096 Collections and other operations on behalf of third parties 5,224,611 4,948,447 Fees accrued to pay 269 56,087 Financial guarantee contracts 15,268 56,260 Liabilities associated with the transfer of financial assets not derecognized 713,177 593,093 Lease liability 946,390 — Others 22,032 60,413 16.10 Financing received from the Argentine Central Bank and other financial institutions 12/31/2019 12/31/2018 Financing received from local financial institutions 939,136 1,918,696 Financing received from international institutions 8,078,461 10,438,410 9,017,597 12,357,106 16.11 Provisions 12/31/2019 12/31/2018 Legal issues 33,049 47,176 Labor lawsuits 28,023 26,391 Tax 77,882 20,390 Restructuring Provision 500,000 — Others 21,930 22,809 Judicial Deposits 15,767 15,097 Eventual commitments 367 1,840 677,018 133,703 16.12 Other non-financial liabilities 12/31/2019 12/31/2018 Payroll and social securities 3,967,872 3,499,379 Sundry creditors 2,357,646 2,302,636 Revenue from contracts with customers (1) 192,499 191,378 Tax payable 1,396,223 1,751,473 Social security payment orders pending settlement 218,486 341,196 Other 76,188 228,577 8,208,914 8,314,639 (1) Deferred income resulting from contracts with customers includes the liability for the customers’ loyalty program. The Group estimates the value of the points assigned to customers through the application of a mathematical model that considers assumptions about redemption rates, the fair value of points redeemed based on the combination of available products, and customer preferences, as well as the expiration of not redeemed points. As of December 31, 2019 and 2018, the amounts of 192,499 and 191,378, respectively, have been recorded for the points not redeemed or expired. The following table shows the estimated use of the liability recorded as of December 31, 2019: Maturity Up to 12 Up to 24 More than Item months months 24 months Total Revenue from contracts with customers 93,466 47,952 51,081 192,499 16.13 Interest Income 12/31/2019 12/31/2018 12/31/2017 Interest on overdrafts 4,566,729 5,000,550 2,901,607 Interest on promissory notes 5,878,441 6,272,282 3,767,219 Interest on personal loans 12,916,398 16,811,397 16,547,779 Interest on corporate unsecured loans 6,141,212 4,643,906 3,060,511 Interest on credit card loans 4,815,023 5,249,821 5,053,721 Interest on mortgage loans 3,781,641 3,028,718 263,172 Interest on automobile and other secured loan 693,000 757,191 75,662 Interest on foreign trade loans 1,730,633 1,798,461 899,192 Interest on financial leases 1,129,605 1,417,026 1,141,613 Others 3,141,913 1,810,684 540,048 Total 44,794,595 46,790,036 34,250,524 16.14 Interest Expenses 12/31/2019 12/31/2018 12/31/2017 Interest on current accounts deposits 6,010,413 7,890,452 1,564,612 Interest on time deposits 19,855,152 9,991,638 5,786,089 Interest on other financial liabilities 7,692,607 7,296,529 4,460,915 Interest from financing from financial sector 274,101 1,137,554 382,729 Others 1,081,178 471,217 588,612 Total 34,913,451 26,787,390 12,782,957 16.15 Net income from financial instruments at fair value through profit or loss 12/31/2019 12/31/2018 12/31/2017 Income from corporate and government securities 1,532,374 2,812,312 1,253,840 Income from securities issued by the Argentine Central Bank 18,714,976 9,500,772 4,366,999 Derivatives 713,616 (2,605,689) (166,485) Total 20,960,966 9,707,395 5,454,354 16.16 Service fee income 12/31/2019 12/31/2018 12/31/2017 Commissions from deposits accounts 3,509,557 3,398,652 3,591,081 Commissions from credit and debit cards 2,897,583 3,361,286 3,598,831 Commissions from loans operations 294,820 601,763 543,388 Others 1,897,647 1,757,005 1,594,665 Total 8,599,607 9,118,706 9,327,965 16.17 Service fee expenses 12/31/2019 12/31/2018 12/31/2017 Commissions paid 2,171,167 2,099,326 1,813,673 Export and foreign currency operations 72,803 82,294 63,739 Total 2,243,970 2,181,620 1,877,412 16.18 Income from insurance activities 12/31/2019 12/31/2018 12/31/2017 Accrued premiums 2,188,006 2,263,710 2,438,417 Accrued losses (346,018) (510,785) (623,792) Production expenses (448,632) (447,403) (430,916) Total 1,393,356 1,305,522 1,383,709 16.19 Other operating income 12/31/2019 12/31/2018 12/31/2017 Loans recovered and allowances reversed 498,599 488,878 466,741 Insurance commissions 68,287 610,942 544,225 Rental from safety boxes 286,881 368,093 358,390 Commissions from trust services 26,280 11,722 244,890 Returns of risk funds 172,684 431,480 164,515 Commissions from financial guarantees 627,845 723,954 45,557 Default interests 420,933 371,439 232,584 Others 653,758 798,626 770,574 Total 2,755,267 3,805,134 2,827,476 16.20 Personnel expenses 12/31/2019 12/31/2018 12/31/2017 Payroll and social securities 12,415,668 10,009,697 10,258,005 Others expenses 1,748,621 3,494,603 3,181,160 Total 14,164,289 13,504,300 13,439,165 16.21 Administration expenses 12/31/2019 12/31/2018 12/31/2017 Directors´ and statutory auditors’fees 280,833 251,527 199,248 Professional fees 1,017,618 2,541,276 1,690,134 Advertising and publicity 542,054 633,316 673,128 Taxes 1,469,457 1,648,448 1,672,778 Maintenance, security and services 1,727,446 846,858 804,156 Rent 51,745 715,107 621,264 Others 2,484,390 1,978,864 1,905,586 Total 7,573,543 8,615,396 7,566,294 16.22 Depreciation and impairment of non-financial assets 12/31/2019 12/31/2018 12/31/2017 Depreciation of property, plant and equipment 682,136 322,530 549,762 Depreciation of other non-financial assets 106,936 113,747 27,405 Depreciation of intangible assets 458,407 228,450 379,652 Depreciation of right-of-use assets 567,192 — — Impairment of other-non financial assets — 427 — Total 1,814,671 665,154 956,819 16.23 Other operating expenses 12/31/2019 12/31/2018 12/31/2017 Promotions related with credit cards 510,582 651,017 651,859 Turnover tax 3,749,503 4,311,436 3,459,409 Fair value on initial recognition of loans 200,899 594,275 656,807 Contributions made to deposit insurance system 243,959 237,870 207,594 Others 1,653,348 838,563 1,418,873 Total 6,358,291 6,633,161 6,394,542

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2019
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES	17. COMMITMENTS AND CONTINGENCIES Capital Commitments During the financial year ended on December 31, 2019, the Group did not assume any significant capital commitment. Contingencies and Provisions Provisions for other contingencies to cover labor, legal, tax and other eventual effectiveness miscellaneous risks commitments have been estimated based on the available information and in accordance with the provisions of IFRS. As of December 31, 2019 and 2018, there were no contingent events entailing remote likelihood and which equity effects have not been recorded.

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS	18. RELATED PARTY TRANSACTIONS Related parties are those entities that directly, or indirectly through other entities, have control over another, are under the same controlling party or may have significant influence on another entity’s financial or operating decisions. The Group controls another entity when it has power over other entities’ financial and operating decisions and also receives benefits from such entity. The subsidiaries that the Group has control are detailed in Note 1.2. Furthermore, the key personnel of the Group’s Management (Board of Directors members and Managers of the Group and its subsidiaries) are considered as related parties. The aggregate compensation paid to our directors (including compensation paid to members of our Audit Committee, Anti-Money Laundering and Anti-Terrorist Financing Committee, Risk Management Committee, Credit House Limit Committee, Ethics, Compliance and Corporate Governance Committee, Human Resources Committee and Disclosure Committee), management and members of our Supervisory Committee in 2019 was approximately Ps.218.5 million, 224.2 million and Ps.2.3 million, respectively. The following table presents the aggregate amounts of total consolidated financial exposure of the Bank to related parties, the number of recipients, the average amounts and the single largest exposures as of December 31, 2019 and 2018: As of As of December 31, 2019 December 31, 2018 Aggregate total financial exposure 963,016 1,204,789 Number of recipient related parties 70 75 (a) Individuals 63 68 (b) Companies 7 7 Average total financial exposure 13,757 21,378 Single largest exposure 823,172 1,131,380 Controlling Interest Mr. Julio Patricio Supervielle is the main shareholder of the Group. Julio Patricio Supervielle´s interest in the capital and votes of the Group as of December 31, 2019 and December 31, 2018 amounts to the 35.12% and 57.89%; and 35.86% and 69.40%, respectively.

INSURANCE

INSURANCE	12 Months Ended
	Dec. 31, 2019
INSURANCE
INSURANCE	19. INSURANCE a. Assets and liabilities related to insurances activities 12/31/2019 12/31/2018 Assets related to insurance contracts (Loans and other financing) Receivables premius 453,978 63,380 Total 453,978 63,380 Liabilities related to insurance contracts (Other non-financial liabilities) Debt with insured 136,168 203,946 Debt with reinsurers 40,575 22,566 Debt with co-insurers 1,702 26,024 Debt with producers 150,384 44,451 Technical commitments 173,994 18,258 Outstanding claims paid by re-insurance companies (regularizer) (481) (723) Total 502,342 314,522 Debt with insured Property insurance Direct administrative insurance 11,242 12,976 Direct insurance in mediation 800 — Claims settled to pay 881 306 Claims occurred and not reported - IBNR 14,759 14,916 Life insurance Direct administrative insurance 41,267 48,377 Direct insurance in judgments 1,240 1,088 Direct insurance in mediation 1,837 1,151 Claims settled to pay 20,218 20,974 Claims occurred and not reported - IBNR 43,924 104,158 Total 136,168 203,946 Debt with producers Producers currenct account 28,247 33,992 Commisions for premiums receivable 122,137 10,459 Total 150,384 44,451 Technical commitments Course and similar risk Premiums and surcharges 173,955 18,258 Premium insufficiency 39 — Total 173,994 18,258 b. Income from insurances activities The composition of the item “Result for insurance activities” as of December 31, 2019 and 2018 is disclosed in Note 16.18.

MUTUAL FUNDS

MUTUAL FUNDS	12 Months Ended
	Dec. 31, 2019
Disclosure of mutual funds portfolio [abstract]
MUTUAL FUNDS	20. MUTUAL FUNDS As of December 31, 2019 and 2018, Banco Supervielle S.A. is the depository of the Mutual Funds managed by Supervielle Asset Management S.A. Portfolio Net Worth Number of Units Mutual Fund 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 Premier Renta C.P. Pesos 14,031,863 8,281,012 14,010,386 8,266,083 3,958,398,573 1,475,029,312 Premier Renta Plus en Pesos 109,147 573,083 107,200 554,760 10,250,999 49,671,811 Premier Renta Fija Ahorro 465,427 5,156,205 459,494 5,038,765 12,851,475 136,640,472 Premier Renta Fija Crecimiento 46,922 67,139 46,657 66,643 3,688,485 4,369,322 Premier Renta Variable 166,391 245,226 163,998 226,060 6,982,580 8,130,311 Premier FCI Abierto Pymes 560,360 631,380 559,099 630,259 91,559,624 99,122,237 Premier Commodities 21,039 8,912 13,593 7,930 2,596,034 1,599,150 Premier Capital 129,058 277,778 128,718 277,455 36,057,519 67,052,867 Premier Inversión 135,360 275,771 135,291 275,395 442,160,447 888,100,323 Premier Balanceado 623,862 942,774 623,293 942,030 249,317,925 359,887,367 Premier Renta Mixta 133,255 90,124 133,147 90,080 76,562,093 44,863,120 Premier Renta Mixta en USD 130,212 725,057 129,733 7,222,633 2,815,589 13,892,155 Premier Performance en USD 453,884 3,649,334 452,866 3,630,806 9,312,208 62,805,294 Premier Global USD 698,915 — 696,759 — 11,338,023 —

CONTRIBUTION TO THE DEPOSIT INS

CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM	12 Months Ended
	Dec. 31, 2019
CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM
CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM	21. CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM Law No. 24485 and Decree No. 540/95 established the creation of the Deposit Insurance System to cover the risk attached to bank deposits, in addition to the system of privileges and safeguards envisaged in the Financial Institutions Law. The National Executive Branch through Decree No. 1127/98 dated September 24, 1998 , established the maximum amount for this insurance system to demand deposits and time deposits denominated either in Pesos and/or in foreign currency. Such limit was set at $1,000 as from March 1, 2019. This system does not cover deposits made by other financial institutions (including time deposit certificates acquired through a secondary transaction), deposits made by parties related to Banco Supervielle, either directly or indirectly, deposits of securities, acceptances or guarantees and those deposits set up at an interest rate exceeding the one established regularly by the Argentine Central Bank. Those deposits acquired through endorsement and those deposits made as a result of incentives other than interest rate are also excluded. This system has been implemented through the creation of the Deposit Insurance Fund (“FGD”), which is managed by a company called Seguros de Depósitos S.A. (“SEDESA”). The shareholders of SEDESA are the Argentine Central Bank and the financial institutions, in the proportion determined for each one by the Argentine Central Bank based on the contributions made to the fund

RESTRICTED ASSETS

RESTRICTED ASSETS	12 Months Ended
	Dec. 31, 2019
RESTRICTED ASSETS
RESTRICTED ASSETS	22. RESTRICTED ASSETS As of December 31, 2019 and 2018, the following Grupo Supervielle’s assets are restricted: Item 12/31/2019 12/31/2018 Loans and other financing In guarantee of secured borrowings — — Credit Line — — — — Financial assets in guarantee Special guarantee accounts in the Argentine Central Bank 2,120,732 2,088,896 Trust guarantee deposits 3,800 5,127 Guarantee deposits for currency forward transactions 2,104,713 434,126 Guarantee deposits for credit cards transactions 317,407 375,993 Other guarantee deposits 158,562 183,608 Guarantee deposits for repo transactions 23,880 — 4,729,094 3,087,750

FINANCIAL TRUSTS

FINANCIAL TRUSTS	12 Months Ended
	Dec. 31, 2019
FINANCIAL TRUSTS
FINANCIAL TRUSTS	23. FINANCIAL TRUSTS The Group acts as trustee or settler in financial trusts: i) As Trustee: Guarantee Management Trusts Trustee : Banco Supervielle. Indenture Due of principal Original principal Principal Financial trust executed on obligation amount balance Beneficiaries Settlers Credimas 01/11/2013 06/21/2019 16,000 — Banco Supervielle S.A. Credimas S.A. Asministration trust Interconnection 500 KV ET Nueva San Juan - ET Rodeo Iglesia 09/12/2018 09/12/2018, or until the termination of payment obligations through Disbursements (the “Extinction date”). — — Diservel S.R.L., Ingenias S.R.L, Geotecnia (Inv. Calvente), Newen Ingenieria S.A., Ingiciap S.A., Mercados Energeticos, Diservel S.R.L.) and the suppliers of works, goods and services included in the Project. Interconexion Electrica Rodeo S.A. The group acts also as trustee in the following trusts: Mendoza Trust : In liquidation phase, since it has fulfilled the contract period, but is pending the completion of several acts that derive from the trustee. The liabilities recorded as of December 31,2019, mainly originating from the exclusion of assets , amount to 21,018 and have been backed by assets in trust (loans, other miscellaneous loans, and other non-financial assets, etc.) in the amount of 647. This trust will be liquidated following the procedures established by Law 24,441. Luján Trust: The term of the contract has expired and all documentation relating to the liquidation has been delivered. On July 31, 2019 the Tax Authority approved the final deregistration in tax matters. ii) As Settler Publicly offered and listed financial trusts as of December 31, 2019 and December 31, 2018: Supervielle Créditos Financial Trust Assets in Trust : Personal Loans Trustee : Equity TMF Trust Company (Argentina) S.A. The following are financial trusts where Banco Supervielle S.A acts as settler as of December 31, 2019: Value initially Securities issued Financial Trust Set up on assigned in trust Type Amount Type Amount Serie 97 03/27/2018 $ 750,000 VDF TV A VN$712,500 CP VN$37,500 Mat: 01/20/20 Mat: 03/20/20 Cordial Compañía Financiera Financial Trust Assets in Trust : Personal Loans Trustee : Equity TMF Trust Company (Argentina) S.A. The following are financial trusts where Cordial Compañía Financiera S.A acts as settler as of December 31, 2019: Securities issued Value initially Participation Financial Trust Set up on assigned in trust Certificates Debt Instruments 20 04/08/2019 $ 600,000 $ 120,000 $ 480,000 21 06/24/2019 $ 1,000,000 $ 780,000 $ 220,000 22 11/13/2019 $ 571,560 $ 102,300 $ 469,260 Micro Lending Financial Trust The following are financial trusts where Micro Lending S.A.U acts as settler: Securitized Issued Securities Financial Trust Set-up on Amount Type Amount Amount Type Amount III 06/08/2011 $ 39,779 VDF TV A VN$31,823 VDF B VN $6,364 CP VN $1,592 Vto: 03/12/13 Vto: 11/12/13 Vto: 10/12/16 IV 09/01/2011 $ 40,652 VDF TV A VN$32,522 VDF B VN $6,504 CP VN $1,626 Vto: 06/20/13 Vto: 10/20/13 Vto: 01/20/17 Vto: 01/15/19 Vto: 04/15/19 Vto: 07/22/22 XVIII 06/16/2017 $ 119,335 VDF TV A VN $89,501 VDF TV B VN $7,291 CP VN $22,543 Vto: 05/15/19 Vto: 08/15/19 Vto: 10/15/22

ISSUANCE OF NEGOTIABLE OBLIGATI

ISSUANCE OF NEGOTIABLE OBLIGATIONS	12 Months Ended
	Dec. 31, 2019
ISSUANCE OF NEGOTIABLE OBLIGATIONS
ISSUANCE OF NEGOTIABLE OBLIGATIONS	24. ISSUANCE OF NEGOTIABLE OBLIGATIONS a. Unsubordinated Negotiable Obligations Grupo Supervielle S.A.’s Negotiable Obligations Issuance Program On September 22, 2010, Grupo Supervielle’s Shareholders’ General Meeting passed the adhesion to the public offering regime pursuant Law 17,811 and the creation of a Simple Negotiable Obligations Issuance Global Program, non-convertible into shares, which was passed by the National Securities Commission on November 11, 2010. Said negotiable obligations may be short, medium and/or long term, subordinated or not, with or without guarantee, in pesos, in US dollars or any other currency, for a maximum current amount that shall not exceed, at any time, 1,000 (one thousand million pesos) or its equivalent in any other currency, pursuant to the last amendment of the Program on May, 7, 2015. Likewise, negotiable obligations may be issued in several classes and/or series over the course of the program enforcement, relying on the possibility of re-issuing successive classes and/or series to be amortized. As of April 19, 2016, since the aforementioned Program was no longer in effect, the Group’s Ordinary and Extraordinary shareholders’ meeting, passed the creation of a new Negotiable Obligations Issuance Global Program, for the issuance of simple, short and/or medium term, subordinated or not, with or without guarantees, securities for up to a maximum outstanding amount of 1,000,000 (one thousand million pesos), under which different classes and/or series of Negotiable Obligations denominated in pesos, dollar or other foreign currencies can be issued. Banco Supervielle S.A. On April 25, 2013, the Shareholders’ meeting No. 39, resolved to approve the creation of a Global Program for the Issuance of Negotiable Obligations (the “Program”) for up to a maximum outstanding amount of AR$ 500,000,000. The Program was authorized by the National Securities Commission through Resolution No. 17,165 dated August 15, 2013. On April 18, 2016, the Shareholders’ meeting No. 43 approved the increase of the total amount of the Program to a nominal value of up to AR$ 1,000,000,000. That increase was authorized by the National Securities Commission Board through Resolution No. 18,296 dated October 27, 2016. On March 22, 2017 the Extraordinary General shareholders’ meeting No. 45 approved the issuance of the Program for a maximum amount of nominal value AR$ 2,500,000,000. The National Securities Commission´s Board approved the program´s increase up by Resolution No. 18,608 on April 12, 2017. Global Program for the Issuance of Medium-Term Securities for up to V / N US $ 800,000,000 On September 22, 2016, the Shareholders’ meeting No. 117, resolved to approve the creation of a Global Program for the Issuance of Negotiable Obligations for up to a maximum outstanding amount of USD 800,000,000 (United States dollars eight hundred million). The Program was authorized by the National Securities Commission through Resolution No. 18,376 dated November 24, 2016. On March 6, 2018, the Shareholders’ meeting, resolved to approve the extension of the Program for up to a maximum outstanding amount of USD 2,300,000,000 (United States dollars two thousand and three hundred million). The Program was authorized by the National Securities Commission through Resolution No. 19,470 dated April 16, 2018. On August 6, 2018 the Shareholders’ meeting resolved to request the National Securities Commission the Bank’s registration as Frequent Issuer of Negotiable Obligations. The request was authorized by the National Securities Commission through Resolution No. 19,958 dated December 27, 2018. Cordial Compañía Financiera S.A: Program for the Issuance of Negotiable Obligations On April 25, 2013, the Shareholders’ meeting No. 39, resolved to approve the creation of a Global Program for the Issuance of Negotiable Obligations (the “Program”) for up to a maximum outstanding amount of AR$ 500,000,000. The Program was authorized by the National Securities Commission through Resolution No. 17,165 dated August 15, 2013. On April 18, 2016, the Shareholders’ meeting No. 43 approved the Increase of the total amount of the Program to a nominal value of up to AR$ 1,000,000,000. That increase was authorized by the National Securities Commission Board through Resolution No. 18,296 dated October 27, 2016. On March 22, 2017 the Extraordinary General shareholders’ meeting No. 45 passed the issuance of the Program for a maximum amount of nominal value AR$ 2,500,000,000. The National Securities Commission´s Board approved the program´s grow up by Resolution No. 18,608 on April 12, 2017. As of December 31, 2019 and 2018, the amounts outstanding and the terms corresponding to outstanding unsubordinated negotiable obligations were as follows: Class Issue Date Maturity Date Annual Interest Rate 12/31/2019 12/31/2018 Grupo Supervielle Class XIII 01/31/2014 01/31/2019 Badlar + Spread 6.25 % — 43,108 Banco Supervielle Class A 02/09/2017 08/09/2020 Badlar + Spread 4.5 % 3,804,338 6,461,888 Banco Supervielle Class B 12/22/2017 12/22/2019 Floating TM20 + Spread 3.25 % — 923,233 Banco Supervielle Class C 12/22/2017 12/22/2021 Badlar + Spread 4.25 % 667,169 1,026,425 Banco Supervielle Class D 02/14/2018 08/14/2019 Badlar + Spread 3.5 % — 1,182,758 Banco Supervielle Class E 02/14/2018 02/14/2023 Badlar + Spread 4.05 % 1,599,410 2,595,420 Cordial Compañía Financiera Class XIV 05/11/2017 05/11/2019 Badlar + Spread 3.5 % — 611,622 Cordial Compañía Financiera Class XV 08/24/2017 02/23/2019 Badlar + Spread 4.75 % — 562,105 Cordial Compañía Financiera Class XVI 11/22/2017 11/21/2019 Floating TM20 + Spread 4.25% — 832,253 Micro Lending Class II 08/16/2016 08/16/2019 Badlar + Spread 5 % — 30,773 Micro Lending Class III 10/04/2017 10/05/2020 Badlar + Spread 7 % 15,558 47,860 Total 6,086,475 14,317,445 b. Subordinated Negotiable Obligations Program for the issuance of Negotiable Obligations for up to nominal value $ 750,000,000 (increased to nominal value $ 2,000,000,000) As of March 25, 2013, the Bank’s Extraordinary General shareholders’ meeting, approved the creation of a Global Program for the issuance of Negotiable Obligations for up to a maximum outstanding amount of 750,000,000 (seven hundred and fifty million pesos). On April 15, 2016, the Ordinary and Extraordinary Shareholders’ meeting approved the increase the maximum outstanding amount of the Program to 2,000,000,000 (two billion pesos) or its equivalent in foreign currency, passed by Resolution N° 18,224 from the National Securities Commission on September 22, 2016. The following chart provides the main terms and conditions of issuances underway as of December 31, 2019 and 2018: Issuance Maturity Book Value date Currency Class Amount Amortization Term date Rate 12/31/2019 12/31/2018 08/20/2013 U$S III 22,500 100% at mat, 84 Months 08/20/20 7 % 1,308,192 1,340,759 11/18/2014 U$S IV 13,441 100% at mat, 84 Months 11/18/21 7 % 811,696 788,000 Total 2,119,888 2,128,759 On August 6, 2018, the Board of Directors resolved to request the CNV the Bank´s registration as a frequent issuer of negotiable obligations, and it´s consequent authorization to issue negotiable obligations under the aforementioned regime, in the terms set forth in the Resolution and submitting before said body all the necessary documentation for such purposes.

RESTRICTIONS IMPOSED ON THE DIS

RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS	12 Months Ended
	Dec. 31, 2019
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS	25. RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS The distribution of retained earnings in the form of dividends is governed by the Argentine Corporations Law. These rules require Grupo Supervielle to transfer 5% of its net income to a legal reserve until the reserve equals to 20% of the company’s outstanding capital stock. In addition, with regard to Banco Supervielle and Cordial Compañía Financiera, 20% of the profits shown by the income statement for the fiscal year, plus - minus the adjustments to prior year results, minus the accumulated loss, if any, at the end of the preceding year, must be transferred to the legal reserve. Furthermore, the distribution of dividends in these entities shall comply with a series of requirements established by the Argentine Central Bank. The amount to be distributed, shall not compromise the Company’s liquidity and solvency, which can be verified by not recording insufficiencies in the capital adequacy requirements at the end of the fiscal year from which dividends are to be paid out. In regards to minimum liquidity requirements, the average balance of liquid assets (in pesos, foreign currency or government securities) must exceed the liquidity requirement of the last closed period, or the projected period considering the dividend payment. The Group may pay dividends to the extent that it has distributable retained earnings and distributable reserves calculated in accordance with the rules of the Argentine Central Bank described in Note 1. Shareholders’ equity under the rules of the Argentine Central Bank comprise the following captions: At December 31, 2019 Capital Stock 456,722 Paid in Capital 8,997,297 Legal Reserve 91,344 Other Reserves 6,708,810 Other Comprehensive Income 1,167,932 Net Income for the year 4,257,932 Total shareholders’ equity under the rules of the Argentine Central Bank 21,680,037

LOANS AND OTHER FINANCING

LOANS AND OTHER FINANCING	12 Months Ended
	Dec. 31, 2019
LOANS AND OTHER FINANCING
LOANS AND OTHER FINANCING	26. LOANS AND OTHER FINANCING As of December 31, 2019 and 2018 the composition of the loan portfolio is as follows: Total as of Assets Before Allowances December 31, Stage 1 Stage 2 Stage 3 2019 Promissory notes 8,009,641 220,628 284,448 8,514,717 Unsecured corporate loans 9,974,477 363,545 768,167 11,106,189 Overdrafts 4,339,933 88,118 1,170,260 5,598,311 Mortgage loans 6,030,357 1,139,227 747,436 7,917,020 Automobile and other secured loans 799,642 260,651 159,643 1,219,936 Personal loans 14,047,805 1,115,171 1,132,265 16,295,241 Credit card loans 11,850,570 560,447 542,364 12,953,381 Foreign Trade Loans 16,198,790 615,514 1,336,442 18,150,746 Other financings 7,742,824 93,942 75,911 7,912,677 Other receivables from financial transactions 1,844,597 16,506 45,940 1,907,043 Receivables from financial leases 2,818,321 184,319 184,049 3,186,689 Subtotal 83,656,957 4,658,068 6,446,925 94,761,950 Allowances for loan losses (1,605,160) (838,710) (4,308,069) (6,751,939) Total 82,051,797 3,819,358 2,138,856 88,010,011 Total as of Assets Before Allowances December 31, Stage 1 Stage 2 Stage 3 2018 Promissory notes 11,040,711 728,667 372,861 12,142,239 Unsecured corporate loans 9,566,113 2,115,729 277,612 11,959,454 Overdrafts 6,888,246 1,096,622 181,025 8,165,893 Mortgage loans 8,362,500 216,941 14,937 8,594,378 Automobile and other secured loans 1,945,195 163,435 279,678 2,388,308 Personal loans 24,712,374 3,388,932 2,630,599 30,731,905 Credit card loans 12,498,927 916,400 781,512 14,196,839 Foreign Trade Loans 18,771,657 854,199 1,561,731 21,187,587 Other financings 8,008,012 1,386,762 175,934 9,570,708 Other receivables from financial transactions 2,039,401 18,592 32,756 2,090,749 Receivables from financial leases 4,942,686 265,384 129,095 5,337,165 Subtotal 108,775,822 11,151,663 6,437,740 126,365,225 Allowances for loan losses (2,212,268) (1,762,950) (3,618,372) (7,593,590) Total 106,563,554 9,388,713 2,819,368 118,771,635 Expected Credit Loss Allowances An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: Assets Before Allowances ECL Allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at the beginning of the year 108,775,822 11,151,663 6,437,740 126,365,225 2,212,268 1,762,950 3,618,372 7,593,590 Transfers 1 to 2 (975,855) 975,855 — — (61,394) 311,209 — 249,815 1 to 3 (5,030,380) — 5,030,380 — (92,597) — 3,446,674 3,354,077 2 to 3 — (1,293,344) 1,293,344 — — (217,452) 747,949 530,497 2 to 1 4,403,744 (4,403,744) — — 54,696 (336,834) — (282,138) 3 to 2 — 46,115 (46,115) — — 9,708 (31,725) (22,017) 3 to 1 160,733 — (160,733) — 15,515 — (112,975) (97,460) Net changes of financial assets (33,785,702) (2,107,933) (2,087,060) (37,980,695) (587,501) (715,925) 1,543,541 240,115 Write-Offs — — (5,029,098) (5,029,098) — — (5,029,098) (5,029,098) Exchange Differences and Others 10,108,595 289,456 1,008,467 11,406,518 64,173 25,054 125,331 214,558 Gross carrying amount at December 31, 2019 83,656,957 4,658,068 6,446,925 94,761,950 1,605,160 838,710 4,308,069 6,751,939 Assets Before Allowances ECL Allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at the beginning of the year 129,105,886 6,422,218 5,588,945 141,117,049 2,601,836 1,542,565 2,971,288 7,115,689 Transfers 1 to 2 (3,390,317) 3,390,317 — — (111,310) 652,494 — 541,184 1 to 3 (1,889,857) — 1,889,857 — (113,691) — 1,608,825 1,495,134 2 to 3 — (718,411) 718,411 — — (234,756) 433,741 198,985 2 to 1 1,090,798 (1,090,798) — — 35,469 (144,782) — (109,313) 3 to 2 — 173,815 (173,815) — — 27,351 (116,916) (89,565) 3 to 1 46,771 — (46,771) — 4,421 — (56,700) (52,279) Net changes of financial assets (26,451,011) 2,615,931 2,428,106 (21,406,974) (214,161) (82,519) 2,787,456 2,490,776 Write-Offs — — (4,017,832) (4,017,832) — — (4,017,832) (4,017,832) Exchange Differences and Others 10,263,552 358,591 50,839 10,672,982 9,704 2,597 8,510 20,811 Gross carrying amount at December 31, 2018 108,775,822 11,151,663 6,437,740 126,365,225 2,212,268 1,762,950 3,618,372 7,593,590

RISK MANAGEMENT POLICIES

RISK MANAGEMENT POLICIES	12 Months Ended
	Dec. 31, 2019
RISK MANAGEMENT POLICIES
RISK MANAGEMENT POLICIES	27. RISK MANAGEMENT POLICIES Financial risk factors Credit risk The Integral Risk Committee approves credit risk strategies and policies submitted in accordance with recommendations provided by the Integral Risk Corporate Department, the Credit Corporate Department and commercial sectors and in compliance with regulations set by the Argentine Central Bank. The credit strategy and policy is aimed at the development of commercial opportunities within the framework and conditions of the Group´s business plan, while keeping suitable caution levels in face of the risk. Policies and procedures enable the definition of accurate aspects aimed at the deployment of the Group´s Strategy related to the administration of credit risk; among them, the Group´s criteria to grant loans, credit benefits and powers, types of products and the way in which the structure is organized, among other aspects. Likewise, the Group relies on an integral risk policy where aspects related to general key risk governance as well as specific manuals and procedures that include, among others, all relevant regulations issued by the Argentine Central Bank. The entity´s credit risk management policies are applied to corporate and individuals. To such ends, a customer segmentation has been defined for corporate banking, retail banking and finance. The Group is willing to carry out a strategy that enable it to address its contractual commitments, both under normal market conditions and adverse situations. Therefore, the Entity relies on scoring and rating models to estimate probability of default (PD) for the different client portfolios. As for risk appetite framework, the Group relies on cut-offs for each risk-based segment that express the maximum risk to be assumed in terms of probability of default. In addition to PD parameters, the Group relies on estimates of exposure at default (EAD) and loss given default (LGD) parameters with the purpose of estimating Group’s allowance for loan losses and the necessary economic capital to face unexpected losses that may arise due to credit risk. The Group is aimed at keeping a diversified and atomized portfolio, in order to minimize risk concentration. To such ends, loan originationand client portfolio profiles are adjusted to each different circumstance. Our debt securities portfolio is mainly composed of Securities issued by the BCRA that are highly liquid short-term instruments and a Government Security due in November 2020 (TN20), both without credit rating. The aforementioned instruments represents 91.3% and 74.1% of our total portfolio as of December 31, 2019 and 2018, respectively. Credit Risk Measurement Models The Entity relies on models aimed at estimating the distribution of potential credit losses in its credit portfolio, which depend on defaults by the counterparties (PD – Probability of Default), as well as the assumed exposure to such defaults (EAD –Exposure At Default) and the recoveries of each defaulted loan (LGD – Loss Given Default). Based on the aforementioned, the Group has developed a Risk-Adjusted Return on Capital (RAROC) model. Allowances for loan losses calculation Allowances for loan losses calculation is based on models that analyzes the Group’s own portfolio information to estimate, in global terms, the average value of the loss distribution function over an annual term (expected credit loss) . The expected credit loss is determined based on PD, EAD, and LGD loss factors. Economic Capital Calculation The economic capital for credit risk is the difference between the portfolio’s value at risk (according to the confidence level for individuals of 99.9% and for companies of 99%) and the expected credit losses. The Group relies on economic capital models for credit risk (one for individuals and another for companies). Such quantitative models include the exacerbation of capital by concentration risk and Securitization Risk. In the economic capital calculation models a one year holding period is used, except from factoring exposures where a six month holding period is used. Counterparty Risk Management The Group relies on a Counterparty’s Risk Map approved by the Credit Committee where the following limits are defined for each counterparty according to the Group’s risk appetite: credit exposure and settlement limits, foreign exchange settlement risk, securities settlement risk and Repo transactions settlement risk, among other. Regarding the economic capital for the counterparty’s risk, it is included in the Economic Capital Quantitative Model for Credit Risk. Impairment of Financial Instruments The Group tests for impairment the financial assets measured at amortized cost, debt instruments measured at fair value through other comprehensive income, finance lease and financial guarantee contracts and loan commitments granted that are not measured at fair value. As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating. The movements in the allowance for loan losses as of December 31, 2019 are detailed in note 26. Write-Off The Group reduce the gross carrying amount of a financial asset when it has no reasonable expectations of recovering a financial asset in its entirety of a portion thereof. A write-off constitues a derecognition event. Maximum Credit Risk Exposure Financial Instruments to which the impairment requirements in IFRS 9 are applied December 31, 2019 ECL Staging Stage 1 Stage 2 Stage 3 Loan Type 12-month ECL Lifetime ECL Lifetime ECL Total Promissory Notes 8,009,641 220,628 284,448 8,514,717 Unsecured Corporate Loans 9,974,477 363,545 768,167 11,106,189 Overdrafts 27,183,947 441,780 1,168,592 28,794,319 Mortgage Loans 6,030,357 1,139,227 747,436 7,917,020 Automobile and other secured loans 799,642 260,651 159,643 1,219,936 Personal Loans 32,587,196 4,932,804 1,154,309 38,674,309 Retail 13,070,026 807,506 435,054 14,312,586 Consumer Finance 19,517,170 4,125,298 719,255 24,361,723 Credit Card Loans 31,059,187 911,868 545,659 32,516,714 Retail 26,906,451 772,705 272,095 27,951,251 Consumer Finance 4,152,736 139,163 273,564 4,565,463 Foreign Trade Loans 16,198,790 615,514 1,336,442 18,150,746 Other Financings 116,204 76,335 8,063,007 Other Receivables from Financial Transactions 1,844,597 16,506 45,940 1,907,043 Receivables from Financial Leases 2,818,321 184,319 184,049 3,186,689 Total 144,376,623 9,203,046 6,471,020 160,050,689 December 31, 2018 ECL Staging Stage 1 Stage 2 Stage 3 Loan Type 12-month ECL Lifetime ECL Lifetime ECL Total Promissory Notes 11,040,711 728,667 372,861 12,142,239 Unsecured Corporate Loans 9,566,109 2,115,731 277,614 11,959,454 Overdrafts 46,873,802 2,092,931 187,576 49,154,309 Mortgage Loans 8,362,500 216,941 14,937 8,594,378 Automobile and other secured loans 1,945,197 163,433 279,678 2,388,308 Personal Loans 24,712,372 3,388,933 2,630,600 30,731,905 Retail 20,024,331 1,359,665 506,605 21,890,601 Consumer Finance 4,688,041 2,029,268 2,123,995 8,841,304 Credit Card Loans 30,883,372 1,388,599 853,883 33,125,854 Retail 23,665,677 897,518 331,160 24,894,355 Consumer Finance 7,217,695 491,081 522,723 8,231,499 Foreign Trade Loans 18,771,655 854,199 1,561,733 21,187,587 Other Financings 14,841,096 1,389,182 177,773 16,408,051 Other Receivables from Financial Transactions 2,039,403 18,592 32,754 2,090,749 Receivables from Financial Leases 4,942,687 265,382 129,096 5,337,165 Total 173,978,904 12,622,590 6,518,505 193,119,999 Financial Instruments to which the impairment requirements in IFRS 9 are not applied The carrying amount of all financial instruments not subject to impairment is the corresponding fair value at the reporting date, as it best represents the maximum exposure to credit risk. Market risk Group defines Market Risk as the risk resulting from deviations in the trading portfolio value as a result of market fluctuations during the period required for the settlement of portfolio positions. The Risk Department’s measurement, control and follow-up perimeter covers those operations where certain loss risk in the Group ´s shareholders equity value is assumed, as a result of changes in market factors. Such risk results from the variation in risk factors under evaluation (interest rate, exchange rate, market price of equity instruments and options), as well as liquidity risk in the different products and markets where the Group operates. According to its business strategy, Banco Supervielle is the component of the Group with the greatest exposure to this risk. On the other hand, Cordial Compañía Financiera has a minimum exposure to market risk and associated with liquidity management purposes. That is why market risk controls present a greater level of detail and emphasis on Banco Supervielle’s trading portfolio. With the purpose of measuring the risk of positions homogeneously and therefore, setting a limit and threshold structure to support management and control schemes, Banco Supervielle uses the VaR model (Value at Risk), which defines the maximum expected loss to be recorded in a financial asset portfolio in normal market conditions, within a certain period of time and at a pre-established confidence level. Indicators obtained from this enable the Group to identify a potential market risk and take preventive measures. Market risk management is focused on the trading portfolio managed by the Trading desk, although there is also a broader control including managed positions with liquidity management objectives. For this reason, in terms of the broader trading portfolio, the controls are limited to the exposure to the assumed risk, measured using the VaR methodology, in relation to the regulatory capital (RC). During 2019 it was approved the set up of a VaR limit for assets groups, in order to limit the risk the Entity could assume in each group considered in isolation. The objective is to incorporate an element of alert to credit events or break in the correlations between groups of assets, events that may escape the consideration of a diversified VaR. Another important event of the year was the modification of the methodology used for the execution of market risk stress tests, both for Banco Supervielle’s total trading portfolio and for the portfolios managed by its Trading Desk and by Cordial Financial Company. The new methodology implies the selection of one or more historical events characterized by stress situations that could increase the assumed market risk. From there, the variances and covariances matrix of these historical moments are incorporated into the evaluation of current trading portfolios. On the other hand, the controls over the trading desk are more exhaustive. Approved strategies and policies are reflected in what is known internally as a unified risk map, where detailed operations enabled by the Money Table can be explained in detail. In the same document the entire framework of controls that translate the risk appetite with which the Entity is willing to operate is exposed. In this way, limitations are established on the open position in certain financial instruments, VaR limit on the diversified portfolio, maximum allowable loss amount before executing the stop loss policy and conditions that could lead to the execution of a stop strategy gain The entire control scheme is complemented by action plans that must be implemented once a violation occurs within the limits established therein. Approved strategies and policies are included in the Risk Map document, which establishes authorized transactions to be carried out by the trading desk and the authorized officers. Such document specifies the maximum term of transactions, maximum amounts of position per product and maximum loss amounts involved (“stop loss”). The exposure to the Group’s exchange rate risk at the end of the year by currency type is detailed below: Balances as of 12/31/2019 Balances as of 12/31/2018 Monetary Monetary Monetary Monetary Financial Financial Net Financial Financial Net Currency Assets Liabilities Derivatives Position Assets Liabilities Derivatives Position US Dollar 37,455,139 36,825,985 — 629,154 63,782,427 62,036,482 20,621 1,766,566 Euro 593,090 575,147 — 17,943 713,445 730,092 — (16,647) Others 146,439 3,693 — 142,746 176,170 5,135 — 171,035 Total 38,194,668 37,404,825 — 789,843 64,672,042 62,771,709 20,621 1,920,954 Financial assets and liabilities are presented net of derivatives, which are disclosed separately. Derivative balances are shown at their Fair Value at the closing price of the respective currency. The table above includes only Monetary Assets and Liabilities, since investments in equity instruments and non-monetary instruments does not generate foreign exchange risk exposure. A sensitivity analysis was performed considering reasonably possible changes in foreign exchange rates in relation to the Group’s functional currency. The percentage of variation used in this analysis is the same the Group used in its Business Plan and Projections. 12/31/2019 12/31/2018 Currency Variation P/L Equity Variation P/L Equity US Dollar 31.9 % 200,700 200,700 29 % 518,252 518,252 (31.9) % (200,700) (200,700) (29) % (518,252) (518,252) Euro 31.9 % 5,724 5,724 29 % (4,884) (4,884) (31.9) % (5,724) (5,724) (29) % 4,884 4,884 Other 31.9 % 45,536 45,536 29 % 50,176 50,176 (31.9) % (45,536) (45,536) (29) % (50,176) (50,176) Total 31.9 % 251,960 251,960 29 % 563,543 563,543 (31.9) % (251,960) (251,960) (29) % (563,543) (563,543) Sensitivity Analysis It is important to note that within the daily report provided to the trading desk for the monitoring of the exposure to assumed risk, the Financial Risk Management makes a comparison between the profitability obtained and the implicit risk for each asset. When using a diversified VaR methodology, it is important to provide information related to the contribution that each asset in the portfolio makes to the aggregate VaR measurement, and fundamentally if this asset generates risk diversification or not. That is why, within the variables included in the daily report, the VaR component of each asset is included, thus allowing a sensitivity analysis on the impact of each asset on the total risk. With the aim of improving the assumed risk analysis through the use of alternative measurement metrics, the Group recognizes the change in market conditions on exposure to risk through an adjustment to the volatilities used in the VaR calculation. According to the methodology used, the returns of assets registered in more recent dates have a greater incidence in the calculation of volatilities. In parallel, the Entity performs a measurement and monitoring of the assumed risk through the application of an expected shortfall methodology, analyzing the universe of unexpected losses located in the distribution queue beyond the critical point indicated by VaR. Economic capital calculation Banco Supervielle adopts the diversified Parametric VaR methodology for the calculation of market risk economic capital, both at a consolidated and individual level. It should be noted that in the case of Cordial Compañía Financiera, according to the provisions established by the Argentine Central Bank, its Board of Directors has chosen to quantify its needs for economic capital by applying a simplified methodology. According to this methodology, the aggregate economic capital arises from the following expression: EC = (1,05 x MC) + max [0; ΔEVE – 15 % x bS)] Where, EC: economic capital according to profile’s risk (ICAAP). MC: Minimum capital requirement in accordance with Argentine Central Bank regulations. ΔEVE (Economic Value): measure of interest rate risk calculated according to the Standardized Framework bS (Basic Shareholders’ equity) : Tier 1 capital. Interest Rate Risk Interest Rate Risk is the risk derived from the likelihood that changes in the Group’s financial condition occur as a result of market interest rate fluctuations, having effect on its financial income and economic value. The following are such risk factors: · Different terms maturity and interest rate re-adjustment dates for assets, liabilities and off balance sheet items. · Forecast, evolution and volatility of local interest rates and foreign interest rates. · The basis risk that results from the unsuitable correlation in the adjustment of assets and liabilities interest rates for instruments that contain similar revaluation features; · Embeded options in certain assets, liabilities and off balance sheet items of the Group. The Group’s interest rate risk management model, includes the analysis of interest rates gaps. Such analysis enables the basic explanation of the financial statement structure as well as the detection of interest rate risk concentration along the different terms. The interest rate risk management is aimed at keeping the Group’s exposure within those levels of risk appetite profile validated by the Board upon changes in the market interest rates. To such ends, the interest rate risk management relies on the monitoring of two metrics: · MVE – VaR Approach : measures the difference between the economic values estimated given the interest rate market curve and said value estimated given the interest rate curve resulting from the simulation of different stress scenarios. The Group uses this approach to calculate the economic capital for this risk. · NIM – EaR Approach : measures changes in expected accruals over a certain period of time (12 months) upon an interest rate curve shift resulting from a different stress situation simulation practices. During 2018, with the publication of Communication "A" 6397, the Argentine Central Bank presented the applicable guidelines for the treatment of interest rate risk in the investment portfolio. The regulation makes a distinction between the impact of fluctuations in interest rate levels on the underlying value of the entity’s assets, liabilities and off-balance sheet items (economic value or MVE), and the alterations that such movements in the interest rate may have on sensitive income and expenses, affecting net interest income (NII). This same criterion had already been adopted by Banco Supervielle, so that the new regulations implied a readaptation of the management model to the suggested measurement methodology, maintaining some criteria and incorporating others. As established by the regulator, both Banco Supervielle and Cordial Compañia Financiera must use the Standardized Framework described in point 5.4. of the Communication "A" 6397 for the measurement of the impact on the economic value of the entities (ΔEVE) of six proposed disturbance scenarios. These scenarios include parallel movements in the curves of market interest rates upwards or downwards, flattening or steepening of the slope of these curves, as well as an increase or decrease in short-term interest rates. A base curve of market interest rates is considered for each of the significant currencies in the financial statement of each entity. According to the applicable regulation, Banco Supervielle has to use an internal measurement system (SIM) for measurement based on results (ΔNIM). This requirement is not applicable to Cordial Compañía Financiera. It is important to highlight that Banco Supervielle, which has not been qualified by the Argentine Central Bank as having a local systemic importance (D-SIB), is not legally bound to have its own internal measurement system (SIM) for the measurement based on economic value (ΔEVE). Beyond the regulatory provisions, it is important to note that both Banco Supervielle and Cordial Comapñia Financiera have been working with internal measurement systems (SIM) to measure the impact of rate fluctuations, both on economic value (ΔEVE) and on results (ΔNIM). The development of these systems included the definition of assumptions for the determination of the maturity flow of different lines of assets and liabilities without defined maturity or with implicit or explicit options of behavior. It is important to point out that, unlike what is established in the Standardized Framework provided by the regulator for measuring the impact of fluctuations in market rates on economic value, the internal measurement systems used by the Group consider assets and liabilities with Units of Purchasing Power (UVA) adjustment as susceptible to interest rate risk, so that the UVA variable is incorporated as an additional risk factor, as well as the asset and funding rates in pesos and dollars. Economic Capital Calculation As a first step to calculate economic capital, Banco Supervielle calculates its exposure to interest rate risk from the MVE-EaR (economic value) approach of its internal measurement system (SIM), using a holding period of three months (90 days) and a confidence level of 99%. This quantitative model includes the exacerbation of capital by securitization risk. The result obtained is compared with the worst result of the alterations proposed in the six scenarios proposed by the Standardized Framework, with the resulting economic capital being the worst of both measurements (SIM and Standardized Framework). In the case of Cordial Compañía Financiera, as mentioned above, the Entity’s Board of Directors has chosen to quantify its needs for economic capital by applying a simplified methodology. With regard to interest rate risk, the Group measures the impact of fluctuations in market interest rates on the economic value based on the application of the Standardized Framework. In the event that the worst EVE of the six scenarios proposed by the regulation exceeds 15% of the basic net worth (capital level one) of the Entity, the sum of the economic capital calculated according to the simplified methodology would be increased by said excess. The exposure to interest rate risk is detailed in the table below. It presents the residual values of the assets and liabilities, categorized by date of renegotiation of interest or expiration date, the lowest. Term in days Assets and Liabilities Up to 30 From 30 to 90 from 90 to 180 from 180 to 365 More than 365 Total To 12/31/2019 Total Financial Assets 42,175,254 15,004,746 11,454,731 12,255,255 50,684,393 131,574,379 Total Financial Liabilities 50,567,576 13,421,108 5,116,494 6,674,589 44,708,852 120,488,619 Net Amount (8,392,322) 1,583,638 6,338,237 5,580,666 5,975,541 11,085,760 Term in days Assets and Liabilities Up to 30 From 30 to 90 from 90 to 180 from 180 to 365 More than 365 Total To 12/31/2018 Total Financial Assets 83,738,836 20,431,857 17,987,509 14,342,770 71,590,305 208,091,277 Total Financial Liabilities 115,241,413 32,447,944 2,305,325 2,307,951 38,522,658 190,825,291 Net Amount (31,502,577) (12,016,087) 15,682,184 12,034,819 33,067,647 17,265,986 The table below shows the sensitivity to a reasonably possible additional variation in interest rates for the next year, taking into account the composition as of December 31, 2019. Variations in rates were determined considering the scenarios set by Communication "A" 6397 for the calculation of the Interest Rate Risk in the Investment Portfolio. Increase / (decrease) Additional variation in in the income the interest rate statement Decrease in the interest rate 4% ARS; 2% USD (357,394) Increase in the interest rate 4% ARS; 2% USD 260,313 If the market interest rates for instruments denominated in pesos decreased by 4 percentage points and for those nominated in dollars, they would fall by 2 percentage points, the annual net loss of income tax would be 357,394. On the contrary, if the interest rates increased in equal measure, 260,313 would be earned. Liquidity Risk The Group defines Liquidity Risk as the risk of assuming additional financing expenses upon unexpected liquidity needs. Such risk results from the difference of sizes and maturities between the Group’s assets and liabilities. Such risks involve the following: · Funding Liquidity Risk means the risk that results when it is difficult to obtain funds at normal market cost when needed, based on the market’s perception of the Group. · Market Liquidity Risk means the risk resulting from the Group’s incapacity to offset an asset position at market price, as a consequence of the following two key factors: · Assets are not liquid enough, · Changes in the markets where those assets are traded. Liquidity and concentration indicators of funding sources are used to determine the tolerance to this risk, starting from the most restrictive definitions to the most comprehensive ones. The following are the main core metrics used for the liquidity risk management: · LCR (Liquidity Coverage Ratio) : measures the relation between high quality liquid assets and total net cash outflows over a 30‑day period. The Group estimates this indicator on a daily basis, having met the minimum forecasted value in 2017. · Net Stable Funding Ratio (NSFR): measures the ability of the Group to fund its activities with sufficiently stable sources to mitigate the risk of future stress situations arising from its funding. The Group calculates this indicator on a daily basis, having complied with the minimum value required by the regulator and that that established internally based on its risk appetite. · Coverage of Remunerated Accounts and Pre-Payable Term Deposits this indicator is aimed to reduce funding dependence of unstable sources in non-liquid scenarios. In addition, the Assets and Liabilities Committee performs a daily monitoring of some follow-up metrics . Such indicators are used to analyze the main components of LCR while assessing the Group’s liquidity condition and warning upon trend changes that may affect the guidelines set by the risk appetite policy. Additionally, within these monitoring indicators, Committee assess for the availability of liquid assets to respond to an eventual withdrawal of more volatile deposits, such us remunerated sight accounts and deposits of the public sector in foreign currency. Finally, suitable controls over intraday liquidity and the compliance of minimum cash regulations are established. With regard to intraday liquidity, the Financial Risk Management performs a historical monitoring of the intraday liquidity available at the beginning of each day, the amount of sensitive payments over time with a time segmentation according to the time of the day on which they are concentrated andalso calculates different ratios considering liquid assets available with gross payments or payments that are sensitive over time. Liquidity risk management consist in a strict daily follow-up of liquidity coverage ratio (LCR), ensuring a suitable forecast of funding and free-availability liquid assets needs with the purpose of maintaining LCR within levels set by the risk appetite policy. As from 2018, the follow-up on the net stable funding ration (NSFR) is included in accordance with provisions set by the Argentine Central Bank and Basle III criteria guidelines. Below is an analysis of the assets and liabilities maturities, determined based on the remaining period as of December 31, 2019 and 2018 until the contractual maturity date, based on cash flows not discounted: Less than From 1 to From 6 to From 1 to More than As of 12/31/2019 1 month 6 months 12 months 5 years 5 years Total Assets 71,187,751 47,432,628 28,940,376 87,483,052 33,914,944 268,958,751 Loans and other financings 71,187,751 47,432,628 28,940,376 87,483,052 33,914,944 268,958,751 Liabilities 92,522,913 12,105,324 10,051,246 4,112,193 3,371,710 122,163,386 Deposits 79,694,146 7,578,111 4,996,317 2,245 — 92,270,819 Liabilities at fair value through profit or loss 189,554 — — — — 189,554 Derivatives 319,817 — — — — 319,817 Other financial liabilities 4,918,670 408,985 556,549 946,443 533,279 7,363,926 Financing received from the Argentine Central Bank and other financial institutions 7,400,726 966,831 202,593 355,116 912,434 9,837,700 Unsubordinated negotiable Obligations — 3,074,692 2,871,655 1,946,204 1,925,997 9,818,548 Subordinated negotiable obligations — 76,705 1,424,132 862,185 — 2,363,022 Less than From 1 to From 6 to From 1 to More than As of 12/31/2018 1 month 6 months 12 months 5 years 5 years Total Assets 60,838,057 61,629,897 27,010,721 66,650,566 4,649,995 220,779,236 Loans and other financings 60,838,057 61,629,897 27,010,721 66,650,566 4,649,995 220,779,236 Liabilities 137,317,043 29,386,623 5,359,150 7,627,122 23,185,768 202,875,706 Deposits 130,152,328 17,095,079 1,665,000 202,313 — 149,114,720 Liabilities at fair value through profit or loss 1,847,244 — — — — 1,847,244 Derivatives 144,944 — — — — 144,944 Other financial liabilities 4,447,175 101,685 145,916 241,109 365,112 5,300,997 Financing received from the Argentine Central Bank and other financial institutions 725,352 9,620,332 1,079,990 660,801 2,398,649 14,485,124 Unsubordinated negotiable Obligations — 2,522,707 2,440,731 6,448,873 18,127,380 29,539,691 Subordinated negotiable obligations — 46,820 27,513 74,026 2,294,627 2,442,986 Economic capital calculation The Group relies on the following elements that ensure the suitable management of this type of risk: · Broad liquidity indicators dashboard, to monitor liquidity levels. Each indicator relies on its relevant threshold and limit, which are monitored on a daily basis by the Risk Area (sending due warnings upon violation cases), on a byweekly basis by the Assets and Liabilities Committee (ALCO) and on a monthly basis by the Integral Risk Committee. Likewise, a weekly report is drawn up and sent to members of the Integral Risk Committee, ALCO and the Board. · Indicators that measure the concentration of funding sources, establishing the Group’s risk appetite. · Development and monitoring of new liquidity coverage and leverage indicators set by the Argentine Central Bank in compliance with Basle III route map. · Different liquidity risk follow-up tools have been added, including a disaggregate assessment of contractual term mismatches and funding concentration reports, by counterparty, product and significant currency. The accuracy of the information required for such reports contributed to the improvement of our Risk Management Information System (MIS). · The liquidity coverage ratio is used to assess the Group’s capacity to meet liquidity needs over a 30‑day period within a stress scenario described by the Argentine Central Bank. The follow-up of this indicator is carried out on a daily basis, keeping the Group’s liquidity director and officials updated on its evolution. · Permanent monitoring of limit and threshold compliance in virtue of the stable funding ratio (NSFR). · Individual stress tests, carried out on a daily basis upon an eventual critical scenario of a sudden withdrawal of deposits and its impact on the minimum cash position and LCR. · Regarding contingency plans, the Group follows a policy that ensures the application of its guidelines in stress tests, according to the decision taken by ALCO Committee and Integral Risk Committee. The Risk management framework described herein enables a suitable liquidity condition; therefore, the Group considers the economic capital estimation unnecessary to cover such risk, as long as the Group’s solvency should not be affected once the stress tests contingency plan have been implemented

INTERNATIONAL FINANCING PROGRAM

INTERNATIONAL FINANCING PROGRAMS	12 Months Ended
	Dec. 31, 2019
INTERNATIONAL FINANCING PROGRAMS
INTERNATIONAL FINANCING PROGRAMS	28. INTERNATIONAL FINANCING PROGRAMS Banco Supervielle S.A. keeps active the following agreements: 1) A Foreign Trade Credit Facility Program with Inter-American Development Bank (IDB), whose line amounts to USD 20,000,000 (USD 20 million) and 2) A Global Financial Exchange Program with the International Finance Corporation (IFC), whose line amounts to USD 30,000,000 (thirty million US dollars). On the other hand, the FMO, a Netherlands Development Finance Company, and Proparco, an AFD (Agence Francaise de Développement) subsidiary, granted to the Bank on September a non-guaranteed senior sindicated loan of USD 80,000,000 (eighty million US dollars) for a period of three years and with an interest rate of Libor + 3.40%. The funds received were quickly placed among the SME clients of our portfolio that work in regional export economies in various sectors. It should be noted that these agreements are subject to compliance with certain financial covenants, certain obligations to do and not to do, as well as certain information requirements. As of December 31, 2019, the Bank was not in compliance with the non-performing loans ratio and the coverage ratio of the IDB facility which generates a potential breach of the loan agreements with the FMO and Proparco by the cross default clauses included in those contracts. This breach would enable the aforementioned agencies to accelerate the payment of the loans for an amount of $7,167 millions as of December 31, 2019. Consequently, on January 29, 2020, the Bank began the process to obtain a waiver with the IDB, which was obtained on February 18, 2020, by virtue of which the IDB waived its right to accelerate the debt due to non-compliance with the ratios of non-performing loans and coverage for the period from October 1, 2019 to December 31, 2019. Also on April 16, 2020, it requested a new waiver from the IDB, which was obtained on April 30, 2020, extending the aforementioned terms until May 31, 2020.

BUSINESS COMBINATIONS

BUSINESS COMBINATIONS	12 Months Ended
	Dec. 31, 2019
BUSINESS COMBINATIONS
BUSINESS COMBINATIONS	29. BUSINESS COMBINATIONS - FUTUROS DEL SUR S.A. On December 18, 2019, the Group acquired 100% of the capital stock of Futuros del Sur S.A. for a total price of 6,964. Futuros del Sur main activity is to be negotiation agent. The amounts recognized as of the date of acquisition for each main class of assets acquired and liabilities assumed are: Fair Value Cash and banks deposits 2,618 Other financial assets 651 Other assests 54 Miscellaneous obligations (125) Net identifiable assets acquired 3,198 Consideration of the acquisition: - Amount paid net of expenses 6,964 Net cash flow used - investment activities 6,964 Goodwill by business combination 3,766 The goodwill will not be deductible for tax purposes.

ASSETS AND LIABILITIES IN FOREI

ASSETS AND LIABILITIES IN FOREIGN CURRENCY	12 Months Ended
	Dec. 31, 2019
ASSETS AND LIABILITIES IN FOREIGN CURRENCY
ASSETS AND LIABILITIES IN FOREIGN CURRENCY	30. ASSETS AND LIABILITIES IN FOREIGN CURRENCY At At 12/31/2019 (per currency) At Items 12/31/2019 Dollar Euro Real Others 12/31/2018 ASSETS Cash and Due from Banks 13,896,907 13,161,262 589,529 15,285 130,831 25,164,561 Government and corporate securities at fair value with changes in results 704,916 704,916 — — — 4,296,153 Derivatives — — — — — 20,621 Other financial assets 1,151,505 1,151,257 248 — — 915,523 Loans and other financing 21,482,922 21,479,286 3,313 — 323 32,505,333 Other Debt Securities 65 65 — — — 1,599,586 Financial assets in guarantee 4,503,242 4,503,242 — — — 711,530 Investments in subsidiaries, associates and joint ventures — — — — — — Other non-financial assets 179,271 179,271 — — — 229,506 TOTAL ASSETS 41,918,828 41,179,299 593,090 15,285 131,154 65,442,813 LIABILITIES Deposits 23,336,727 22,855,146 481,581 — — 48,179,530 Non-financial public sector 2,171,358 2,171,272 86 — — 12,152,394 Financial sector 9,062 9,062 — — — 4,581 Non-financial private sector and foreign residents 21,156,307 20,674,812 481,495 — — 36,022,555 Liabilities at fair value with changes in results — — — — — 235,188 Other financial liabilities 4,091,775 3,998,209 93,566 — — 774,926 Financing received from the Argentine Central Bank and other financial entities 8,075,471 8,075,471 — — — 10,444,759 Subordinated negotiable obligations 2,119,888 2,119,888 — — — 2,128,759 Other non-financial liabilities 341,062 341,062 — — — 791,902 TOTAL LIABILITIES 37,964,923 37,389,776 575,147 — — 62,555,064 NET POSITION 3,953,905 3,789,523 17,943 15,285 131,154 2,887,749

CURRENT_NON-CURRENT DISTINCTION

CURRENT/NON-CURRENT DISTINCTION	12 Months Ended
	Dec. 31, 2019
CURRENT/NON-CURRENT DISTINCTION
CURRENT/NON-CURRENT DISTINCTION	31. CURRENT/NON-CURRENT DISTINCTION The group has adopted the presentation of all assets and liabilities in order of liquidity due to this presentation provides information that is reliable and more relevant. As of December 31, 2019 and 2018, the amount expected to be recovered or settled after more than twelve months for each asset and liability line item is as follows: 12/31/2019 12/31/2018 No more than No more than 12 months More than 12 12 months More than 12 after the months after after the months after reporting the reporting reporting the reporting ASSETS period period Total period period Total Cash and due from banks 26,403,099 — 26,403,099 51,822,372 — 51,822,372 Cash 8,751,111 — 8,751,111 7,368,112 — 7,368,112 Argentine Central Bank 15,927,336 — 15,927,336 42,132,824 — 42,132,824 Other local financial institutions 1,694,742 — 1,694,742 2,305,439 — 2,305,439 Others 29,910 — 29,910 15,997 — 15,997 Debt Securities at fair value through profit or loss 568,501 — 568,501 23,247,329 — 23,247,329 Derivatives 257,587 — 257,587 24,496 — 24,496 Repo transactions — — — — — — Other financial assets 2,096,866 — 2,096,866 2,612,157 — 2,612,157 Loans and other financing 61,827,090 26,182,921 88,010,011 87,503,950 31,267,685 118,771,635 To the non-financial public sector 7,020 21,852 28,872 11,577 38,883 50,460 To the financial sector 32,867 31,655 64,522 550,993 62,108 613,101 To the Non-Financial Private Sector and Foreign residents 61,787,203 26,129,414 87,916,617 86,941,380 31,166,694 118,108,074 Other debt securities 10,106,598 351,958 10,458,556 1,875,097 4,756,764 6,631,861 Financial assets in guarantee 5,333,704 — 5,333,704 3,082,974 4,776 3,087,750 Current income tax assets 102,458 — 102,458 903,591 7,186 910,777 Inventories 44,455 — 44,455 107,557 — 107,557 Investments in equity instruments — 14,579 14,579 — 16,005 16,005 Property, plant and equipment — 4,002,078 4,002,078 — 3,359,290 3,359,290 Investment Property — 4,054,737 4,054,737 — 635,877 635,877 Intangible assets — 4,372,514 4,372,514 — 4,170,146 4,170,146 Deferred income tax assets 155,663 1,515,532 1,671,195 9,696 1,254,526 1,264,222 Non-current assets held for sale — — — 4,307 — 4,307 Other non-financial assets 754,818 539,533 1,294,351 267,224 1,099,805 1,367,029 TOTAL ASSETS 107,650,839 41,033,852 148,684,691 171,460,750 46,572,060 218,032,810 12/31/2019 12/31/2018 No more than No more than 12 months More than 12 12 months More than 12 after the months after after the months after reporting the reporting reporting the reporting LIABILITIES period period Total period period Total Deposits 89,006,977 1,200 89,008,177 145,863,016 133,185 145,996,201 Non-financial public sector 5,470,177 — 5,470,177 17,083,822 — 17,083,822 Financial sector 28,098 — 28,098 38,821 — 38,821 Non-financial private sector and foreign residents 83,508,702 1,200 83,509,902 128,740,373 133,185 128,873,558 Liabilities at fair value through profit or loss 189,554 — 189,554 412,403 — 412,403 Derivatives — — — 144,944 — 144,944 Repo Transactions 319,817 — 319,817 — — — Other financial liabilities 8,555,100 560,465 9,115,565 6,294,616 269,780 6,564,396 Financing received from the Argentine Central Bank and other financial institutions 8,688,059 329,538 9,017,597 11,013,248 1,343,858 12,357,106 Unsubordinated negotiable Obligations 4,282,707 1,803,768 6,086,475 3,311,927 11,005,518 14,317,445 Current income tax liability — — — 1,217,233 — 1,217,233 Subordinated negotiable obligations 1,314,985 804,903 2,119,888 40,227 2,088,532 2,128,759 Provisions 21,720 655,298 677,018 17,908 115,795 133,703 Deferred income tax liability 506,291 — 506,291 9,032 334,554 343,586 Other non-financial liabilities 6,527,529 1,681,385 8,208,914 7,066,054 1,248,585 8,314,639 TOTAL LIABILITIES 119,412,739 5,836,557 125,249,296 175,390,608 16,539,807 191,930,415

OFFSETTING OF FINANCIAL ASSET A

OFFSETTING OF FINANCIAL ASSET AND LIABILITIES	12 Months Ended
	Dec. 31, 2019
OFFSETTING OF FINANCIAL ASSET AND LIABILITIES
FINANCIAL ASSET AND LIABILITIES OFFSETTING	32. OFFSETTING OF FINANCIAL ASSET AND LIABILITIES A financial asset and a financial liability shall be offset and the net amount presented in the statement of financial position when, and only when, the Group fulfill with paragraph 42 of IAS 32, and currently has a legally enforceable right to set off the recognized amounts; and intends either to settle on a net basis, or to realize the asset and settle the liability simultaneously. In addition, the Group has master netting arrangement that not satisfies the offsetting criteria but creates a right of set-off that becomes enforceable and affects the realization or settlement of individual financial assets and financial liabilities only following a specified event of default or in other circumstances not expected to arise in the normal course of business. As of December 31, 2019 and 2018, the amount of assets and liabilities subject to a master netting arrangement not offset is as follows: Net in Financial Amounts subject to a master Gross Amount Statements netting arrangement not offset 12/31/2019 amount (a) offset (b) (c) = (a) – (b) Financial asset / (Financial liability) Collateral Net amount Credit cards transactions — — — (2,288,756) 607,592 (1,681,164) Derivatives instruments 310,969 (53,382) 257,587 — — — Total 310,969 (53,382) 257,587 (2,288,756) 607,592 (1,681,164) Net in Financial Amounts subject to a master Gross Amount Statements netting arrangement not offset 12/31/2018 amount (a) offset (b) (c) = (a) – (b) Financial asset / (Financial liability) Collateral Net amount Credit cards transactions — — — (2,979,844) 816,006 (2,163,838) Total — — — (2,979,844) 816,006 (2,163,838)

MINIMUM CAPITAL REQUIREMENTS

MINIMUM CAPITAL REQUIREMENTS	12 Months Ended
	Dec. 31, 2019
MINIMUM CAPITAL REQUIREMENTS
MINIMUM CAPITAL REQUIREMENTS	33. MINIMUM CAPITAL REQUIREMENTS The Central Bank requires financial institutions to maintain minimum capital amounts measured as of each month’s closing. The minimum capital is defined as the greater of (i) the basic minimum capital requirement, which is explained below, or (ii) the sum of the credit risk, operational risk and market risk. Financial institutions (including their domestic Argentine and international branches) must comply with the minimum capital requirements both on an individual and a consolidated basis. The following table sets forth information regarding excess capital and selected capital and liquidity ratios of the Bank, consolidated with CCF: As stated above under “Presentation of Financial and Other Information”, we have prepared our audited consolidated financial statements for 2019, 2018 and 2017 under IFRS. Minimum capital requirement has been prepared in accordance with the rules of the Argentine Central Bank, which is not comparable to data prepared under IFRS. Year ended December 31,(2) 2019 2018 2017 (in thousands of Pesos except percentages and ratios) Calculation of excess capital: Allocated to assets at risk 7,164,842 6,090,341 4,710,391 Allocated to Bank premises and equipment, intangible assets and equity investment assets 826,133 370,233 191,549 Market risk 251,739 301,724 121,155 Interest rate risk — — — Public sector and securities in investment account 11,472 96,882 131,109 Operational risk 2,349,952 1,486,516 1,016,501 Required minimum capital under Central Bank rules 10,604,138 8,345,696 6,170,705 Basic net worth 16,991,091 11,847,865 9,903,099 Complementary net worth 1,033,734 1,163,939 913,256 Deductions (2,999,716) (867,798) (386,192) Total capital under Central Bank rules 15,025,109 12,144,006 10,430,163 Excess capital 4,420,971 3,798,310 4,259,458 Selected capital and liquidity ratios: Regulatory capital/risk weighted assets (1) 11.6 % 11.90 % 13.9 % Average shareholders’ equity as a percentage of average total assets 10.4 % 9.9 % 10.5 % Total liabilities as a multiple of total shareholders’ equity 7.1 X 9.4 X 8.2 X Cash as a percentage of total deposits 28.2 % 35.1 % 18.2 % Tier 1 Capital / Risk weighted assets 10.8 % 10.8 % 12.6 % (1) Risk Weighted Assets includes operational risk weighted assets, market risk weighted assets, and credit risk weighted assets. Operational risk weighted assets and market risk weighted assets are calculated by multiplying their respective required minimum capital under Central Bank rules by 12.5. Credit Risk Weighted Assets is calculated by applying the respective credit risk weights to our assets, following Central Bank rules. (2) Nominal values without inflation adjustment.

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2019
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS	34. SUBSEQUENT EVENTS In December 2019, a novel strain of coronavirus (COVID-19) was reported to have surfaced in Wuhan, China. COVID-19 has since spread to over 100 countries, including Argentina. On March 11, 2020 the World Health Organization declared COVID-19 a pandemic. It is likely that the pandemic will cause an economic slowdown of potentially extended duration, and it is possible that it could cause a global recession. Since February 2020, the Argentine government has adopted several measures in response to the COVID-19 outbreak in the country aimed at preventing mass contagion, including closure of Argentine borders, suspension of domestic flights, and, since March 19, 2020 the imposition of a nation-wide mandatory lockdown, whereby only exceptional and essential activities are allowed. Banking activities were considered essential since April 11, 2020 with attention in branches allowed only with pre-scheduled turns. From March 20 until April 10, 2020, branches were closed, opening only for pension payments in certain dates. During this period, banking activities were performed only through digital means. During this time, all transactions have been processed almost exclusively through digital channels. We also asked our staff areas and back office employees to work from home, providing the required hardware infrastructure and remote access, while commercial branches operate with additional safety measures to protect the health of customers and employees. In order to mitigate the economic impact of the lockdown, the Central Bank issued a series of preventive measures, including the following: · Communication “A” 6937 reduced the positions restrictions on the maximum position in liquidity notes from the Central Bank (LELIQ), in order to make available liquidity and encourage the provision of credit lines to SMEs to be granted at a preferential rate (not more than 24% per year). · Communications “A” 6939 and “A” 6942, by means of which it was determined that: (i) financial institutions shall not be open to the public from March 20 through April 12, 2020, and (ii) the maturity of financings granted by local financial institutions that were to occur during that period were postponed. In this sense, Communication “A” 6949 also waived any punitory interest on unpayed balances in credits granted by financial entities. · Communication “A” 6939 also suspended, until June 30, 2020, the distribution of dividends by financial entities. · Communication “A” 6945 determined that until June 30, 2020, any operation effected through ATMs shall not be subject to any charges or fees. · Communication “A” 6964 determined that the unpaid balances of credit cards financings that take place between April 13, 2020 and April 30, 2020, shall be automatically refinanced for at least one year with 3 grace months in 9 equal and consecutive monthly installments. Moreover, by means of Communication “A” 6993, dated April 24, 2020, the Central Bank established a zero interest-rate financings policy, applicable only to the eligible clients to be determined in the future by the AFIP. · Communication “A” 6980 ruled that all non-adjustable time deposits under Ps. 1 million integrated by individuals as of April 20, 2020, shall have a minimum rate equivalent to the 70% of the average LELIQ’s tendering. Some of these measures may adversely affect our revenues, while the consequences of the lockdown in the economic activity may impair the ability of some of our customers to repay their loans, thus increasing loan loss provisions. Nonetheless, the extent to which our business will be impacted will depend on future developments, which are highly uncertain and cannot be predicted. As we continue to monitor the spread of COVID-19 and related risks, we believe we will be able to serve our financial obligations for the next fiscal year.

ACCOUNTING STANDARDS AND BASI_2

ACCOUNTING STANDARDS AND BASIS OF PREPARATION (Policies)	12 Months Ended
	Dec. 31, 2019
ACCOUNTING STANDARDS AND BASIS OF PREPARATION
Basis of preparation	These Consolidated Financial Statements have been prepared in accordance with IFRS as adopted by the IASB. The preparation of Financial Statements at a certain date requires Management to make estimations and evaluations affecting the amount of assets and liabilities recorded and contingent assets and liabilities disclosed at such date, as well as income and expenses recorded during the year. Actual results might differ from the estimates and evaluations made at the date of preparation of these Consolidated Financial Statements. The most significant judgments made by Management in applying the Group’s accounting policies and the major estimations and significant judgments are described in Note 2. These consolidated financial statements as of December 31, 2019, were approved by resolution of the Board of Directors’ meeting held on April 30, 2020.
Going concern	The consolidated financial statements as of December 31, 2019, 2018 and 2017 have been prepared on a going concern basis as there is a reasonable expectation that the Group will continue its operational activities in the foreseeable future (and in any event with a time horizon of more than twelve months from the end of the reporting period).
Measuring Unit - IAS 29 (Financial reporting in hyperinflationary economies)	The Consolidated Financial Statements of the Entity are expressed in Argentine pesos which is the functional currency. IAS 29 establishes the conditions under which an entity shall restate its financial statements if it is located in an economic environment considered hyperinflationary. This Standard requires that the financial statements of an entity that reports in the currency of a highly inflationary economy shall be stated in terms of the measuring unit current at the closing date of the latest reporting period, regardless of whether they are based on a historical cost approach or a current cost approach. To this end, in general terms, the inflation rate must be computed in the non-monetary items as from the acquisition date or the revaluation date, as applicable. These requirements also comprise the comparative information of the financial statements. To determine the existence of a highly inflationary economy under the terms of IAS 29, the standard details a series of factors to consider, including a cumulative inflation rate over three years that is close to or exceeds 100%. It is important to highlight that the three-year accumulated inflation rate as of December 31, 2019 reached 183.4%. On the other hand, the macroeconomic events that have taken place in the country during the year show that the country is complying with the qualitative factors provided for in IAS 29 to consider Argentina as a highly inflationary economy for accounting purposes. All this, consequently, originates the need to apply the restatement for inflation of the financial statements in the terms of IAS 29 for the year ended December 31, 2019. The Group determined to use the Internal Wholesale Price Index (IWPI) to restate balances and transactions until the year 2016, for the months of November and December 2015 the average variation of the Consumer Price Index (CPI) of the City of Buenos Aires was used, due to the fact that during those two months there were no IWPI measurements at national level. Then, from January 2017 omwards, the Group used the National Consumer Price Index (National CPI). The tables below show the evolution of these indexes in the last four years and as of December 31, 2019 according to official statistics (INDEC): As of December 31, 2016 2017 2018 2019 Variation in Prices Annual 34.6 % 24.8 % 47.6 % 53.8 % Accumulated 3 years 102.3 % 96.8 % 148.0 % 183.4 % As a consequence of the aforementioned, these Consolidated Financial Statements as of December 31, 2019 were restated in accordance with the provisions of IAS 29. Restatement of the Financial Position The Group restated all the non-monetary items in order to reflect the impact of the inflation in terms of the measuring unit current as of December 31, 2019. Consequently, the main items restated were Property, Plant and Equipment, Intangible assets, Goodwill, Inventories and the Equity items. Each item must be restated since the date of the initial recognition in the Group's accounts or since the date of the last revaluation. Monetary items have not been restated because they are stated in terms of the measuring unit current as of December 31, 2019. Comparative figures must also be presented in the measuring unit current as of December 31, 2019. Therefore, comparative figures for the previous reporting periods have been restated by applying a general price index, so that the resulting comparative financial statements are presented in terms of the current unit of measurement as of the closing date of the reporting period. Restatement of the Income Statement and the Statement of Cash Flows In the Income Statement, items shall be restated from the dates when the items of income and expense were originally recorded. To this end, the Group applied the variations in a general price index. The effect of inflation on the monetary position is included in the Income Statement under Results from exposure to changes in the purchasing power of money. The items of the Statement of Cash Flows must also be restated in terms of the measuring unit current at the closing date of the Statement of Financial Position. IAS 29 para 33 states that all items in the statement of cash flows are expressed in terms of the measuring unit current at the end of the reporting period. The loss arising from the restatement has an impact on the Income Statement and must be eliminated from the Statement of Cash Flows because it is not considered cash or cash equivalent. Restatement of the Statement of Changes in Shareholder’s Equity All components of the Statement of Changes in Shareholder’s Equity, except reserves and retained earnings, must be restated from the dates on which the items were contributed or otherwise arose.
New Standards and Interpretations issued by the IASB adopted by the Group	In January 2016, the IASB issued IFRS 16 “Leases” which establishes the criteria for recognition and valuation of leases for lessees and lessors. IFRS 16 affect primarily the accounting by lessees and requires recognition of an asset (the right to use the leased item) and a financial liability for those contracts that meet the definition of leases under the standard. An optional exemption exists for short-term leases that do not contain a purchase option and low-value leases. The group has adopted IFRS 16 Leases retrospectively from 1January 2019, but has not restated comparatives for the 2018 reporting period, as permitted under the specific transition provisions in the standard. The reclassifications and the adjustments arising from the new leasing rules are therefore recognised in the opening balance sheet on 1 January 2019 and are also explained in Note 7. The new accounting policies are disclosed in 1.12. On adoption of IFRS 16, the group recognised lease liabilities in relation to leases which had previously been classified as 'operating leases' under the principles of IAS 17 Leases. These liabilities were measured at the present value of the remaining lease payments, discounted using the lessee's incremental borrowing rate as of 1 January 2019. The weighted average lessee's incremental borrowing rate applied to the lease liabilities on 1 January 2019 was 44.26% for leases denominated in Argentinian Pesos and 14.36% for leases denominated in US Dollar. (i) Practical expedients applied In applying IFRS 16 for the first time, the group has used the following practical expedients permitted by the standard: · applying a single discount rate to a portfolio of leases with reasonably similar characteristics; · relying on previous assessments on whether leases are onerous as an alternative to performing an impairment review – there were no onerous contracts as at January 1, 2019; · accounting for operating leases with a remaining lease term of less than 12 months as at 1 January 2019 as short-term leases; · excluding initial direct costs for the measurement of the right-of-use asset at the date of initial application; and · using hindsight in determining the lease term where the contract contains options to extend or terminate the lease. The group has also elected not to reassess whether a contract is, or contains a lease at the date of initial application. Instead, for contracts entered into before the transition date the group relied on its assessment made applying IAS 17 and Interpretation 4 Determining whether an Arrangement contains a Lease. (ii) Measurement of lease liabilities Operating lease commitments disclosed as at December 31, 2018 1,933,167 Discounted using the lessee's incremental borrowing rate of at the date of initial application 1,354,278 Lease liability recognised as at January 1, 2019 1,354,278 Of which are: Current lease liabilities 596,813 Non-current lease liabilities 757,465 (iii) Measurement of right-of-use assets The associated right-of-use assets were measured at the amount equal to the lease liability. (iv) Adjustments recognised in the balance sheet on 1 January 2019 The change in accounting policy affected the following items in the balance sheet on January 1, 2019: · property, plant and equipment –> increase by $1,354,278 · other financial liabilities –> increase by $1,354,278 (ii) Lessor accounting The group did not need to make any adjustments to the accounting for assets held as lessor under operating leases as a result of the adoption of IFRS 16.
New Standards and Interpretations issued by the IASB not in force	IFRS 17 “Insurance contracts” : In May 18, 2017, the IASB issued IFRS 17 “Insurance contracts” as replacement for IFRS 4. It requires a current measurement model where estimates are re-measured each reporting period. Contracts are measured using the building blocks of discounted probability-weighted cash flows, an explicit risk adjustment, and a contractual service margin representing the unearned profit of the contract which is recognized as revenue over the coverage period. This standard is effective for fiscal years beginning on or after January 1, 2021. The Group is evaluating the impact of the adoption of this new standard.
Consolidation	A subsidiary is an entity, including structured entities, over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The subsidiaries are consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The following chart details the subsidiaries included in the consolidation process: Percentage of direct or indirect investment in capital stock Company Main Activity 12/31/2019 12/31/2018 12/31/2017 Banco Supervielle S.A. Commercial Bank 99.90 % (1) 99.89 % (1) 99.88 % (1) Cordial Compañía Financiera S.A. Financial Company 99.90 % 99.90 % 99.89 % Tarjeta Automática S.A. Credit Card 99.99 % 99.99 % 99.99 % Supervielle Asset Management S.A. Mutual Fund 100.00 % 100.00 % 100.00 % Sofital S.A.F. e I.I. Real State 100.00 % 100.00 % 100.00 % Espacio Cordial de Servicios S.A. Retail Services 100.00 % 100.00 % 100.00 % Supervielle Seguros S.A. Insurance 100.00 % 100.00 % 100.00 % Micro Lending S.A.U. Financial Company 100.00 % 100.00 % — InvertirOnline S.A.U. Financial Broker 100.00 % 100.00 % — InvertirOnline.Com Argentina S.A.U. Representations 100.00 % 100.00 % — Supervielle Productores Asesores de Seguros S.A. Insurance Broker 100.00 % — — Bolsillo Digital S.A.U. Fintech 100.00 % — — Futuros del Sur S.A. Financial Broker 100.00 % — — (1) Grupo Supervielle S.A.’s direct and indirect interest in Banco Supervielle S.A votes amounts to 99,87%, 99,87% and 99,86% as of 12/31/2019, 12/31/2018 and 12/31/2017 respectively. Financial Statements of controlled companies are for the same period of the Group´s Financial Statements. Intercompany transactions, balances and unrealized gains on transactions between group companies are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of an impairment of the transferred asset. Accounting policies of subsidiaries have been changed where necessary to ensure consistency with the policies adopted by the Group. Non-controlling interests in the results and equity of subsidiaries are shown separately in the consolidated statement of income, statement of comprehensive income, statement of changes in shareholder’s equity and statement of financial position, respectively. Supervielle Productores Asesores de Seguros S.A., Bolsillo Digital S.A.U. and Futuros del Sur S.A. are consolidated from the date of their acquisition (See Note 29). The acquisition method of accounting is used to account for business combinations by the Group. The consideration transferred for the acquisition of a subsidiary comprises the fair value of the assets transferred, the liabilities incurred to the former owners of the acquired business, the equity interests issued by the Group, the fair value of any asset or liability resulting from a contingent consideration arrangement and the fair value of any pre-existing equity interest in the subsidiary. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are measured initially at their fair values at the acquisition date. The Group recognizes any non-controlling interest in the acquired entity on an acquisition-by-acquisition basis either at fair value or at the non-controlling interest’s proportionate share of the acquired entity’s net assets. Acquisition-related costs are expensed as incurred. The excess of the consideration transferred, the amount of any non-controlling interest in the acquired entity and the acquisition-date fair value of any previous equity interest in the acquired entity over the fair value of the net identifiable assets acquired is recorded as goodwill. If those amounts are less than the fair value of the net identifiable assets of the business acquired, the difference is recognized directly in the Consolidated Income Statement as a “bargain purchase”.
Consolidated Structured Entities	Banco Supervielle S.A., Cordial Compañía Financiera S.A. and Micro Lending S.A.U have securitized certain financial instruments, mainly consumer loans, through financial trusts that issue debt securities and participation certificates. The Group controls a structured entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Structured entities are consolidated from the date on which the control is transferred to the Group. They are deconsolidated from the date that control ceases. As for financial trusts, the Group has evaluated the following: · The purpose and design of the trust · Identification of relevant activities of the trust · Decision-making process on these activities · If the Group has the power to direct the relevant activities of the trust · If the Group is exposed to, or has rights to, variable returns from its involvement with the trust · If the Group has ability to affect those returns through its power over the trust In accordance with the aforementioned, the Group controls such financial trusts and, therefore, such structured entities have been consolidated. The following chart details the assets and liabilities of Structured Entities that have been consolidated by the Group as of December 31, 2019 and 2018: 12/31/2019 12/31/2018 Assets Loans 1,594,664 1,584,904 Financial assets 108,839 215,164 Other assets 291,691 194,075 Total Assets 1,995,194 1,994,143 Liabilities Financial liabilities 1,424,480 1,374,000 Other liabilities 41,630 228,518 Total Liabilities 1,466,110 1,602,518
Transactions with non-controlling interest	The Group treats transactions with non-controlling interests that do not result in a loss of control as transactions with equity owners of the Group. A change in ownership interest results in an adjustment between the carrying amounts of the controlling and non-controlling interests to reflect their relative interests in the subsidiary. Any difference between the amount of the adjustment to non-controlling interests and any consideration paid or received is recognized in a separate reserve within equity attributable to owners of the Group.
Segment Reporting	An operating segment is defined as a component of an entity or a Group that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), and whose financial information is evaluated on a regular basis by the chief operating decision maker. Operating segments are reported in a manner consistent with the internal reporting provided to: (i) Key personnel of the senior management who account for the main authority in operating decision-making processes and is responsible for allocating resources and assessing the performance of operating segments; and (ii) The Board, who is in charge of making strategic decisions of the Group.
Foreign currency translation	(a) Functional and presentation currency Figures included in the Consolidated Financial Statements of each of the Group’s entities are measured using the functional currency, that is, the currency of the primary economic environment in which the entity operates. Consolidated Financial Statements are presented in Argentine pesos, which is the functional and presentation currency of the Group. (b) Transactions and balances Transactions in foreign currency are translated into the functional currency using the exchange rates released by the Argentine Central Bank at the dates of the transactions. Gains and losses in foreign currency resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currency at year end exchange rates, are recognized in the income statement, under “Exchange rate differences on gold and foreign currency”.
Cash and due from banks	Cash and due from Banks item includes available cash and unrestricted deposits held in Banks, which are short-term liquid instruments and have original maturities of less than three months. Assets disclosed under cash and due from Banks are measured at amortized cost which is close to its fair value. Cash and Cash equivalents include cash and highly liquid short-term securities with an original maturity of less than three-months according to the following detail: Item 12/31/2019 12/31/2018 12/31/2017 Cash and due from banks 26,403,099 51,822,372 25,205,323 Debt securities at fair value through profit or loss 568,501 19,434,329 21,910,236 Money Market Funds 964,884 1,008,466 1,546,426 Cash and cash equivalents 27,936,484 72,265,167 48,661,985 The Group invests in money market funds (MMF) whose investments qualify individually as cash and cash equivalents. An MMF is an open-ended mutual fund that invests in short-term debt instruments (typically one day to one year) such as treasury bills, certificates of deposit, bonds, government gilts and commercial papers. These MMF have to comply with strict fund policies such as: · controls ensuring constant net asset value or linear performance to limit volatility supported by actual performance; · returns benchmarked to short-term money market interest rates; · investment in high-quality instruments with high liquidity and a maximum weighted average maturity of a few weeks; and · highly diversified portfolio. Reconciliation between balances as appearing on the Statement of Financial Position and the items in the Statement of Cash Flow: Items 12/31/2019 12/31/2018 12/31/2017 Cash and due from Banks As per Statement of Financial Position 26,403,099 51,822,372 25,205,323 As per the Statement of Cash Flows 26,403,099 51,822,372 25,205,323 Debt securities at fair value through profit or loss As per Statement of Financial Position 568,501 23,247,329 25,902,184 Securities not considered as cash equivalents — (3,813,000) (3,991,948) As per the Statement of Cash Flows 568,501 19,434,329 21,910,236 Money Market Funds As per Statement of Financial Position – Other financial assets 2,096,866 2,612,157 3,674,741 Other financial assets not considered as cash equivalents (1,131,982) (1,603,691) (2,128,315) As per the Statement of Cash Flow 964,884 1,008,466 1,546,426 Reconciliation of liabilities from financing activities at December 31, 2019 and 2018 is as follows: Cash Flows Other non-cash Items 12/31/2018 Inflows Outflows movements 12/31/2019 Unsubordinated Negotiable Obligations 14,317,445 8,412,283 (17,365,599) 722,346 6,086,475 Subordinated Negotiable Obligations 2,128,759 — (842,966) 834,095 2,119,888 Financing received from the Argentine Central Bank and other financial institutions 12,357,106 110,569,136 (113,905,868) (2,777) 9,017,597 Lease Liabilities — — (1,251,601) 2,197,990 946,389 Total 28,803,310 118,981,419 (133,366,034) 3,751,654 18,170,349
Financial Instruments	Initial Recognition and measurement Financial assets and financial liabilities are recognized when the entity becomes a party to the contractual provisions of the instrument. Purchases and sales of financial assets are recognized on trade-date, the date on which the Group commits to purchase or sell the asset. At initial recognition, the Group measures a financial asset or liability at its fair value plus or minus, in the case of a financial asset or financial liability not at fair value through profit or loss, transaction costs that are incremental and directly attributable to the acquisition or issue of the financial asset or financial liability, such as fees and commissions. Transaction costs of financial assets and financial liabilities carried at fair value through profit or loss are expensed in profit or loss. Immediately after initial recognition, an expected credit loss allowance (ECL) is recognized for financial assets measured at amortized cost and investments in debt instruments measured at fair value through other comprehensive income, as described in note 1.12, which results in an impariment loss being recognized in profit or loss when an asset is newly originated. When the fair value of financial assets and liabilities differs from the transaction price on initial recognition, the Group recognizes the difference as follows: · When the fair value is evidenced by a quoted price in an active market for an identical asset or liability or based on a valuation technique that only uses data from observable markets, the difference is recognized as a gain or loss. · In all other cases, the difference is deferred and the timing of recognition of deferred day one profit or loss is determined individually. It is either amortized over the life of the instrument until its fair value can be determined using market observable inputs, or realized through settlement. Financial Assets a – Debt Instruments Debt instruments are those instruments that meet the definition of a financial liability from the issuer’s perspective, such as loans, government and corporate bonds and, accounts receivables purchased from clients in non-recourse factoring transactions. Classification Pursuant to IFRS 9, the Entity classifies financial assets depending on whether these are subsequently measured at amortized cost, fair value through other comprehensive income or fair value through profit or loss, on the basis of: a) the Group’s business model for managing financial assets, and; b) the cash-flows characteristics of the financial asset Business Model The business model reflects how the Group manages a group of financial assets in order to generate cash flows. That is, whether the Group’s objective is solely to collect the contractual cash flows from the assets (measured at amortized cost) or is to collect both the contractual cash flows and cash flows arising from the sale of assets (measured at fair value through other comprehensive income). If neither of these is applicable, then the financial assets are classified as part of other business model and measured at fair value through profit or loss. The business model of the Group does not depend on the management’s intentions for an individual instrument. Consequently, such business model is not assessed instrument by instrument, but at a higher aggregated level. The Group reclassifies an instrument when and only when its business model for managing those assets has changed. Contractual Cash Flow Characteristics Where the business model is to hold assets to collect contractual cash flows or to collect contractual cash flows and sell, the Group assesses whether the financial instruments’ cash flows represent solely payments of principal and interest. Where the contractual terms introduce exposure to risk or volatility that are inconsistent with a basic lending arrangement, the related financial asset shall be classified and measured at fair value through profit or loss. Based on the aforementioned, there are three different categories of Financial Assets: i) Financial assets at amortized cost. Financial assets shall be measured at amortized cost if both of the following conditions are met: (a) the financial asset is held for collection of contractual cash flows, and (b) the assets’s cash flows represent solely payments of principal and interest. The amortized cost is the amount at which it is measured at initial recognition minus the principal repayments, plus or minus the cumulative amortization using the effective interest method of any difference between that initial amount and the maturity amount and, for financial assets, adjusted for any loss allowance. ii) Financial assets at fair value through other comprehensive income: Financial assets shall be measured at fair value through other comprehensive income when: (a) the financial asset is held for collection of contractual cash flows and for selling financial assets and (b) the asset’s cash flows represent solely payments of principal and interest. These instruments shall be initially recognized at fair value plus or minus transaction costs that are incremental and directly attributable to the acquisition or issue of the instrument, and subsequently measured at fair value through other comprehensive income. Gains and losses arising out of changes in fair value shall be included in other comprehensive income within a separate component of equity. Impairment gains or losses or reversal, interest revenue and foreign exchange gains and losses on the instrument’s amortized cost shall be recognized in profit or loss. At the time of sale or disposal, the cumulative gain or loss previously recognized in other comprehensive income is reclassified from equity to the income statement. Interest income from these financial assets is determined using the effective interest rate method. iii) Financial assets at fair value through profit or loss: Financial assets at fair value through profit or loss comprise: · Instruments held for trading · Instruments specifically designated at fair value through profit or loss · Instruments with contractual cash-flows that do not represent solely payments of principal and interest These financial instruments are initially recognized at fair value and any change in fair value measurement is charged to the income statement. The Group classifies a financial instrument as held for trading if such instrument is acquired or incurred for the main purpose of selling or repurchasing it in the short term, or it is part of a portfolio of financial instruments which are managed together and for which there is evidence of short-term profits or if it is a derivative financial instrument not designated as a hedging instrument. Derivatives and trading securities are classified as held for trading and are measured at fair value. b – Equity Instruments Equity instruments are instruments that do not contain a contractual obligation to pay and that evidence a residual interest in the issuer’s net assets. Such instruments are measured at fair value through profit and loss, except where the Group’s senior management has elected, at initial recognition, to irrevocably designate an equity investment at fair value through other comprehensive income. This option is available when instruments are not held for trading. The gains or losses of these instruments are recognized in other comprehensive income and are not subsequently reclassified to profit or loss, including on disposal. Dividends that result from such instrument will be charged to income when the Group’s right to receive payments is established. Derecognition of Financial Assets The Group recognizes the write-off of financial assets only when any of the following conditions are met: 1. The rights on the financial asset cash flows have expired; or 2. The financial asset is transferred pursuant to the requirements in 3.2.4 of IFRS 9. The Group derecognizes financial assets that have been transferred only when the following characteristics are met: 1. The contractual rights to receive the cashflows from the assets have expired or when they have been transferred and the Group transfers substantially all the risks and rewards of ownership. 2. The Entity retains the contractual rights to receive cash flows from assets but assumes a contractual obligation to pay those cash flows to oher entities and transfers subtantially all of the risks and rewards. These transactions result in derecognition if the Group: a. Has no obligation to make payments unless it collects amounts from the assets; b. Is prohibited from selling or pledging the financial assets; c. Has an obligation to remit any cash it collects from the assets without material delay. Write Off of Financial Assets The Group reduces the gross carrying amount of a financial asset when it has no reasonable expectations of recovering a financial asset in its entirety of a portion thereof. A write-off constitues a derecognition event. Financial Liabilities Classification The Group classifies its financial liabilities as subsequently measured at amortized cost using the effective rate method, except for: · Financial liabilities at fair value through profit or loss. · Financial liabilities arising from the transfer of financial assets which did not qualify for derecognition. · Financial guarantee contracts and loan commitments. Financial Liabilities valued at fair value through profit or loss : At initial recognition, the Group can designate a liability at fair value through profit or loss if it reflects more appropriately the financial information because: · The Group eliminates or substantially reduces an accounting mismatch in measurement or recognition inconsistency; or · if financial assets and financial liabilities are managed and their performances assessed on a fair value basis according to an investment strategy or a documented risk management; or · if a host contract contains one or more embedded derivatives and the Group has opted for designating the entire contract at fair value through profit or loss. Financial guarantee contract : A guarantee contract is a contract which requires the issuer to make specified payments to reimburse the holder for a loss it incurs because a specified debtor fails to make payments when due, in accordance with the terms of a debt instrument. Financial guarantee contracts and loan commitments are initially measured at fair value and subsequently measured at the higher of the amount of the loss allowance and the unaccrued premium at year end. Derecognition of financial liabilities The Entity derecognizes financial liabilities when they are extinguished; this is, when the obligation specified in the contract is discharged, cancelled or expires.
Derivatives	Derivatives are initially recognized at their fair value on the date on which the derivative contract is entered into and are subsequently remeasured at fair value. All derivative instruments are recognised as assets when their fair value is positive, and as liabilities when their fair value is negative. Any change in the fair value of derivative instruments is included in the income statement. The Group has not applied hedge accounting in these consolidated financial statements.
Repo Transactions	i) Reverse Repo Transactions According to the derecognition principles set out in IFRS 9, these transactions are treated as secured loans for the risk has not been transferred to the counterparty. Loans granted in the form of reverse repo agreements are accounted for under “Repo Transactions”, classified by counterparty and also by the type of assets received as collateral. At the end of each month, accrued interest income is charged against “Repo Transactions” with its corresponding offsetting entry in “Interest Income.” The assets received and sold by the Group are derecognized at the end of the repo transaction, and an in-kind liability is recorded to reflect the obligation of delivering the security disposed of. ii) Repo Transactions Loans granted in the form of repo agreements are accounted for under “Repo Transactions”, classified by counterparty and also by the type of asset pledged as collateral. In these transactions, when the recipient of the underlying asset becomes entitled to sell it or pledge it as collateral, it is reclassified to “Financial assets in guarantee”. At the end of each month, these assets are measured according to the category they had before they were subject to the repo transaction, and results are charged against the applicable accounts, depending on the type of asset. At the end of each month, accrued interest expense is charged against “Repo Transactions” with its corresponding offsetting entry in “Interest-Expenses”.
Allowance for Loan Losses	a) Definition The Group assesses on a forward-looking basis the expected credit losses (“ECL”) associated to its financial assets measured at amortized cost, debt instruments measured at fair value through other comprehensive income, loan commitments and financial guarantee contracts that are not measured at fair value. The impairment for expected credit losses is recorded with a charge to the consolidated income statement for the period in which the impairment arises. In the event of occurrence, the recoveries of previously recognized impairment losses are recorded in the consolidated income statement for the period in which the impairment no longer exists or is reduced. In the case of assets measured at fair value through other comprehensive income, the changes in the fair value due to expected credit losses are charged in the consolidated income statement of the year where the change happened, other movements in the fair value of the instrument are reflected in other comprehensive income. As a rule, the expected credit loss is estimated as the difference between the contractual cash flows to be recovered and the expected cash flows discounted using the original effective interest rate. In the case of purchased or originated credit-impaired assets, this difference is discounted using the effective interest rate adjusted by credit rating. Depending on the classification of financial instruments, which is mentioned in the following sections, the expected credit losses may be over 12 months or during the life of the financial instrument: - - With the purpose of estimating the expected life of the financial instrument all the contractual terms have been taken into account (e.g. duration, purchase options, etc.), for most financial instruments the contractual period (including extension options) is the maximum period considered to measure expected credit losses. In the case of revolving credit facilities (e.g.: credit cards), the expected life is estimated through quantitative analyses to determine the period during which the entity is exposed to credit risk, taking into account the effectiveness of management procedures that mitigate such exposure (e.g. the ability to unilaterally cancel such financial instruments, etc.). b) Financial instruments presentation For the purposes of estimating ECL, and in accordance with its internal policies, the Group classifies its financial instruments (financial assets, loan commitments and guarantees) measured at amortized cost or fair value through other comprehensive income in one of the following categories: - - - c) Significant increase in credit risk The Group considers a financial instrument to have experienced a significant increase in credit risk when any of the following conditions exist: Retail Banking · Portfolios between 31 and 90 days past due · Portfolios whose classification under Argentine Central Bank regulation is higher than 1 (except for Senior Cityzens Portfolio) · Score of behavior less than cut off Corporate Banking · Portfolios whose classification under Argentine Central Bank regulation is higher than 1 (except Senior Cityzens) · Credit Ratings C (Probability of default higher than 30%) Consumer Finance: Portfolios between 31 and 90 days past due. d) Impairment valuation assessment The impairment model in IFRS 9 applies to financial assets measured at amortized cost, debt instruments at fair value through other comprehensive income, lease receivables and loan commitments and financial guarantees that are not measured at fair value. ECL represents the best estimation of the financial assets´ expected credit losses at the balance sheet date, assessed both individually and collectively. - The individually assessed impairment estimate is equal to the difference between the gross carrying amount of the financial instrument and the estimated value of the expected cash flows discounted using the original effective interest rate. The estimate of these cash flows takes into account all available information on the financial asset and the guarantees associated with that asset. - For expected credit loss provisions modelled on a collective basis, the Group has developed internal models. The grouping of exposures is preformed on the basis of shared characteristics, such that risk exposures within group are homogeneous. In performing the grouping there must be sufficient information for the group to be statistically reliable. The Group has identified three groupings: Retail Banking, Corporate Banking and Consumer Finance, amongst these three segments the Group estimates parameters in a more granular way based on the shared risk characteristics. Below are detailed the groupings by shared risk characteristics: Group Parameter Grouping Retail Banking Probability of Default Personal loans ( 1 ) Credit card loans ( 1 ) Overdrafts Documents Mortgage loans and leasing Refinancing Other financings Loss Given Default Personal loans Credit card loans Overdrafts Mortgage loans and leasing Refinancing Other financings Corporate Banking Probability of Default ( 2 ) Small companies Medium companies Big companies Financial Area Loss Given Default Overdrafts Documents Leasing Unsecured loans Other financings Other receivables from financial transactions Consumer Finance Probability of Default Closed credit cards Open credit cards Cash loans Cash consumptions and directed loans Refinancing Tarjeta Automatica Personal loans Loss Given Default Credit cards Personal loans Refinancing (1) For credit cards and personal loans, the breakdown per segment was added because there was enough materiality. The segments are: senior citizens, high income open market, high income payroll, non- high income open market, non-high income payroll, bussiness in retail banking, former senior cityzens and former payroll (2) Groups made to calculate the probability of default are carried out by company size, occasionally classified by economic activity in Stage 1. For Stage 2 and Stage 3, the Probability of default is calculated including all segments of Corporate Banking due to the lack of materiality to perform a larger group. The credit risk characteristics used to group the instruments are, among others: type of instrument, debtor's sector of activity, geographical area of activity, type of guarantee, aging of past due balances and any other factor relevant to estimating the future cash flows. The Group performs backtesting analysis to evaluate the reasonableness of the collective models. Expected credit loss impairment allowance in the financial statements reflects a range of possible outcomes, calculated on a probability weighted basis based on three possible future scenarios, always taking into account the time value of money, as well as all available and relevant information on past events, current conditions and forecasts of the evolution of macroeconomic factors that are considered to be relevant for the estimation of this amount (for example: GDP (Gross Domestic Product), Interest Rate, unemployment rate, etc.). For the estimation of the parameters used in the determination of the allowance for loan losses (EAD - Exposure at Default, PD -Probability of Default, LGD -Loss Given Default), the Group based the calculation in its experience in developing internal models for the estimation of parameters both in the regulatory area and for management purposes, adapting the development of the impairment models under IFRS 9. - - - The definition of default implemented by the Group for the purpose of calculating ECL is based on the requirements of IFRS 9, which considers that a financial asset is in “default” when a payment is more than 90 days past due or if the Group considers the payment will not be reimbursed. IFRS 9 includes a rebuttable presumption that the credit risk on a financial instrument has increased significantly, when payments are more than 30 days past due. For comercial loans, this threshold is used as an additional, but not primary, indicator of significant risk increase due to the credit evaluation complexity and as a result of studies that show a low correlation of the significant risk increase with this past due threshold. In order to do so other information is taken into account as financial and economic analysis, repayment capacity, among others. The Group has not used the low credit risk exemption for any financial instrument. For the estimation of the expected credit losses, prospective information is taken into account. Specifically, the Group considers three prospective macroeconomic scenarios, which are updated periodically, during a time horizon of 12 months. The projected evolution for next year of the main macroeconomic indicators used by the Group for estimating expected credit losses is presented below: Parameter Segment Macroeconomic Indicator Scenario 1 Scenario 2 Scenario 3 Probability of Default Retail Real Wage 0.21 % 2.37 % (1.67) % Corporate Interest Rate 32.48 % 32.41 % 40.55 % Loss Given Default Consumer Finance Monthly Economic Activiy Estimator 140.85 151.52 135.86 Retail Private sector real wage 50.28 % 41.39 % 51.63 % Each one of the macroeconomic scenarios has its corresponding weighting the Group associates the Base scenario with the highest probability of occurrence and therefore this scenario is the one with the highest weighting: Scenario 1 80 % Scenario 2 10 % Scenario 3 10 % The sensitivity analysis for the macroeconomic scenarios’ probability of occurrence was based on a 5% increase/decrease in the probability of occurrence of Scenario 1. The ECL allowance sensitivity to future macroeconomic conditions is as follows: December 31, 2019 Reported ECL Allowance 6,751,939 Gross carrying amount 94,761,950 Reported ECL Coverage 7.13 % ECL amount by scenarios Favorable scenario 6,702,980 Unfavorable scenario 6,779,811 Coverage ratio by scenarios Favorable scenario 7.07 % Unfavorable scenario 7.15 %
Leases	For leases where the Group acts as lessee the accounting policy is described in note 1.1.(c). The group as lessor: Operating leases Leases where the lessor retains a substantial portion of the risks and rewards of ownership are classified as operating leases. Payments made under operating leases (net of lease incentives) are recognized in profit or loss on a straight-line basis over the term of the lease. In addition, the Group recognizes the associated costs such as amortization and expenses. The historical cost includes expenditures that are directly attributable to the acquisition of these items and those expenses are charged to profit or loss during the lease term. The depreciation applied to the leased underlying assets is consistent with the one applied to similar assets’ group. In addition, the Group utilizes the criteria described in Note 1.18 to determine whether there is objective evidence that an impairment loss has occurred. Finance leases Finance leases are measured at the present value of on the future lease payments using a discount rate determined at inception. The difference between the gross receivable and the present value represents unearned finance income and is recognized during the lease term using the net investment method, which reflects a constant periodic rate of return. Incremental costs directly attributable to negotiating and arranging the lease are included in the initial measurement of the lease and reduce the amount of income recognized during the lease term. The Group utilizes the criteria described in Note 1.11 to determine whether there is objective evidence that an impairment loss has occurred, as for loans carried at amortized cost.
Property, plant and equipment	Property, plant and equipment is measured at historical cost less depreciation, except for land and buildings, where the Group adopted the revaluation model. The historical cost includes expenditure that is directly attributable to the acquisition or building of these items. The subsequent costs are included in the asset’s carrying amount or recognized as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group, and the cost of the item can be measured reliably. The carrying amount of an asset is derecognized when replaced. Repairs and maintenance expenses are charged to profit or loss when they are incurred. The depreciation is calculated using the straight-line method, applying annual rates sufficient to extinguish the values of assets at the end of their estimated useful lives. In those cases in which an asset includes significant components with different useful lives, such components are recognized and depreciated as separate items. The following chart presents the useful life for each item included in property, plant and equipment: Property, plant and equipment Estimated useful life Buildings 50 Years Furniture 10 Years Machines and equipment 5 Years Vehicles 5 Years Others 5 Years The asset’s residual values and useful lives are reviewed and adjusted if appropriate, at the end of each reporting period. An asset’s carrying amount is written down immediately to its recoverable amount if the asset’s carrying amount is greater than its estimated recoverable amount. Increases in the carrying amounts arising on revaluation of land and buildings are recognized in other comprehensive income. Decreases that reverse previous increases of the same asset are first recognized in other comprehensive income to the extent of the remaining surplus attributable to the asset. All other decreases are charged to profit or loss. Gains and losses on disposals are determined by comparing proceeds with carrying amount.
Investment properties	Investment properties are composed of buildings held for obtaining a rent or for capital appreciation or both, but is never occupied by the Group. Investment properties are measured at its fair value, and any gain or loss arising from a change in the fair value is recognized in profit or loss when arises. Investment properties are never depreciated. The fair value is determined using sales comparison approach prepared by the Group’s management considering a report of an independent expert. Gain and losses on disposals are determined by comparing proceeds with the carrying amount.
Inventories	Inventories are valued at the lower of cost and net realizable value. The cost includes the acquisition costs (net of discounts, rebates and similar), as well as other costs that have been incurred to give the inventories their location and conditions to be commercialized. The net realizable value is the estimated selling price in the ordinary course of business less the estimated costs of sale. The inventories’ net realizable values are reviewed and adjusted if carrying amount is greater than its net realizable value at the end of each reporting period. The Group establishes an allowance for obsolete inventory and low turnover rate products at the end of each year.
Intangible Assets	(a) Goodwill Goodwill resulting from the acquisition of subsidiaries, associates or joint ventures account for the excess of the: (i) consideration transferred, valued at fair value as of acquisition date (ii) amount of any non-controlling interest in the acquired entity; and (iii) acquisition-date fair value of any previous equity interest in the acquired entity (iv) over the fair value of the net identifiable assets acquired. Goodwill is included in the intangible assets item in the consolidated financial statement. Goodwill is not subject to amortization, but it is annually tested for impairment. Impairment losses are not reverted once recorded. Gains and losses on the disposal of an entity include the carrying amount of goodwill relating to the entity sold. Goodwill is allocated to cash-generating units for the purpose of impairment testing. Goodwill impairment is recognized when the carrying amount exceeds its recoverable amount which derives from the fair value of the cash-generating unit. The fair value of the reporting unit is estimated using discounted cash flows techniques. (b) Trademarks and licenses Trademarks and licenses acquired separately are initially valued at historical cost, while those acquired through a business combination are recognized at their estimated fair value at the acquisition date.. Intangible assets with a finite useful life are subsequently carried at cost less accumulated depreciation and / impairment losses, if any. These assets are tested for impairment annually or more frequently if events or changes in circumstances indicate that it might be impaired. Trademarks acquired by the Group have been classified as intangible assets with an indefinite useful life. The main factors considered for this classification include the years in which they have been in service and their recognition among industry customers. Intangible assets with an indefinite useful life are those that arise from contracts or other legal rights that can be renewed without a significant cost and for which, based on an analysis of all the relevant factors, there is no foreseeable limit of the period over which the asset is expected to generate net cash flows for the Group. These intangible assets are not amortized, but are tested for impairment annually or more frequently if events or changes in circumstances indicate that they might be impaired, either individually or at the level of the cash generating unit. The categorization of the indefinite useful life is reviewed annually to confirm if it is still sustainable. (c) Software Costs related to software maintenance are recognized as an expense as incurred. Development, acquisition or implementation costs which are directly attributable to the design and testing of identifiable and unique software products controlled by the Group are recognized as intangible assets when the following criteria are met:. · it is technically feasible to complete the software so that it will be available for use · management intends to complete the software and use or sell it · there is an ability to use or sell the software · it can be demonstrated how the software will generate probable future economic benefits · adequate technical, financial and other resources to complete the development and to use or sell the software are available, and · the expenditure attributable to the software during its development can be reliably measured. These intangible assets are amortized on a straight-line basis during their estimated useful life, over a term not exceeding five years.
Assets held for sale	The assets, or groups of assets, with some directly associated liabilities, classified as held for sale in accordance with the provisions of IFRS 5 "Non-current assets held for sale and discontinued operations" will be disclosed separately from the rest of assets and liabilities. An asset may be classified as held for sale if its carrying amount will be recovered primarily through a sale transaction, rather than through its continued use, and a sale is considered highly probable. To apply the above classification, an asset must meet the following conditions: · it must be available for immediate sale in its current conditions; · Management must be committed to a plan to sell the asset and have started an active program to locate a buyer and complete the plan; · the asset must be actively marketed for sale at a reasonable price, in relation to its current fair value; · the sale must be expected to be completed within 12 months from the reclassification date; · it is unlikely that the plan will be significantly changed or withdrawn. The assets, or groups of assets, possibly with some directly associated liabilities, classified as held for sale in accordance with the provisions of IFRS 5 "Non-current assets held for sale and discontinued operations", are measured at the lower of their carrying amount and fair value less costs to sell. The Group will not depreciate the asset while classified as held for sale. The balances of financial instruments, deferred taxes and investment properties classified as held for sale are not subject to the valuation methods detailed above.
Impairment of non-financial assets	Assets with an indefinite useful life are not subject to amortization but are tested annually for impairment or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or, at least, on an annual basis. Impairment losses are recognized when the carrying amount exceeds its recoverable amount. The recoverable amount of an asset is the higher of an asset’s fair value less costs of disposal and value in use. For purposes of assessing impairment, assets are grouped at the lowest level for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or group of assets (cash-generating units). Non-financial assets other than goodwill that suffered an impairment are reviewed for possible reversal of the impairment at the end of each reporting period.
Trust Assets	Assets held by the Group in its Trustee role, are not included in the Consolidated Financial Statements. Commissions and fees earned from trust activities are included in Service fee income.
Offsetting	Financial assets and liabilities are offset and the net amount reported in the consolidated financial statement where the Group has a legally enforceable right to offset the recognized amounts and there is an intention to settle on a net basis or realize the assets and settle the liability simultaneously.
Financing received from the Argentine Central Bank and other Financial Institutions	The amounts owed to other financial institutions are recorded at the time the bank disburses the proceeds to the economic group. Non-derivative financial liabilities are measured at amortized cost.
Provisions / Contingencies	A provision will be recognized when: a- an entity has a present obligation (legal or implicit) as a result of past event; b- it is probable that an outflow of resources embodying future economic benefits will be required to settle the obligation ; and c- the amount can be reliably estimated. An Entity will be deemed to have an implicit obligation where (a) the Group has assumed certain responsibilities as a consequence of past practices or public policies and (b) as a result, the Group has created an expectation that it will discharge those responsibilities The Group recognizes the following provisions: For labor, civil and commercial lawsuits: provisions are calculated based on lawyers’ reports about the status of the proceedings and the estimate about the potential losses to be afforded by the Group, as well as on the basis of past experience in this type of claims. For miscellaneous risks: These provisions are set up to address contingencies that may trigger obligations for the Group. In estimating the provision amounts, the Group evaluates the likelihood of occurrence taking into consideration the opinion of its legal and professional advisors. Other contingent liabilities are: i) possible obligations that arise from past events and whose existence will be confirmed only by the occurrence or non-occurrence of uncertain future events not wholly within the control of the Group; or ii) present obligations that arise from past events but it is not probable that an outflow of resources will be required to its settlement; or whose amount cannot be measured with sufficient reliability. Other contingent liabilities are not recognized. Contingent liabilities, whose possibility of any outflow in settlement is remote, are not disclosed unless they involve guarantees, in which case the nature of the guarantee is disclosed. The Group does not account for positive contingencies, other than those arising from deferred taxes and those contingencies whose occurrence is virtually certain. As of the date of these consolidated financial statements, the Group’s management believes there are no elements leading to determine the existence of contingencies that might be materialized and have a negative impact on these consolidated financial statements other than those disclosed in Note 17.
Other non-financial liabilities	Non-financial accounts payable are accrued when the counterparty has fulfilled its contractual obligations and are measured at amortized cost.
Employee benefits	The Group’s short-term obligations includes liabilities for wages and salaries, including annual leave, that are expected to be settled wholly within 12 months after the end of the period in which the employees render the related service are recognised in respect of employees’ services up to the end of the reporting period and are measured at the amounts expected to be paid when the liabilities are settled. The liabilities are presented as Other Non-Financial Liabilities in the Consolidated Financial Position. During 2018, the Group had in place a retirement plan based on incentives for members of senior management and the Board of Directors, who will be entitled to receive cash payments over time if certain performance objectives are met. This retirement plan was ceased in 2019. In addition, provisions related to pre-retirement plans and seniority awards benefits are recognized. Liabilities related to this plan are not expected to be settled wholly within 12 months after the end of the period in which the employees render the related service. These obligations are therefore measured as the present value of expected future payments to be made in respect of services provided by employees up to the end of the reporting period, using the projected unit credit method. Consideration is given to expected future wage and salary levels, experience of employee departures and periods of service. Expected future payments are discounted using market yields at the end of the reporting period of high-quality corporate bonds with terms and currencies that match, as closely as possible, the estimated future cash outflows. Remeasurements as a result of experience adjustments and changes in actuarial assumptions are recognised in profit or loss. These provisions are measured at the present value of the disbursements that are expected to be required to settle the obligation using a pre-tax interest rate that reflects prevailing market conditions the time value of money and the specific risks for that obligation. Termination benefits are payable when employment is terminated by the Group before the normal retirement date, or when an employee accepts voluntary redundancy in exchange for these benefits. The group recognises termination benefits at the earlier of the following dates: (a) when the group can no longer withdraw the offer of those benefits; and (b) when the entity recognises costs for a restructuring that is within the scope of IAS 37 and involves the payment of terminations benefits. In the case of an offer made to encourage voluntary redundancy, the termination benefits are measured based on the number of employees expected to accept the offer. Benefits falling due more than 12 months after the end of the reporting period are discounted to present value
Negotiable Obligations Issued	Subordinated and unsubordinated negotiable obligations issued by the Group are measured at amortized cost. Where the group buys back its own negotiable obligations, such obligations will be derecognized from the Consolidated Financial Statements and the difference between the residual value of the financial liability and the amount paid will be recognized as financial income or expenses.
Assets and liabilities derived from insurance contracts	The Group applies IFRS 4 “Insurance Contracts” in order to recognize and measure the assets and liabilities derived from insurance contracts. Assets derived from insurance contracts An insurance contract is a contract under which the Group (the insurer) accepts significant insurance risk from another party (the policyholder) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event) adversely affects the policyholder. Once a contract has been classified as an insurance contract, it remains an insurance contract for the rest of its term, even if the insurance risk is significantly reduced during this period, unless all rights and obligations are extinguished or expired. The insurance contracts offered by the Group include property insurance that covers combined family insurance, theft and similar risks, property damage, personal accidents, among other risks. They also include temporary life insurance contracts. Total premiums are recognized on the date of issuance of the policy as an account receivable. At the same time, a reserve for unearned premiums representing premiums for risks that have not yet expired is recorded as a liability. Unearned premiums are recognized as income during the contract period, which is also the coverage and risk period. The book value of insurance accounts receivable is reviewed for impairment whenever events or circumstances indicate that the book value may not be recoverable. The impairment loss is recorded in the income statement. Liabilities derived from insurance contracts Debt with insured The insurance claims reserves represent debts with insured people for claims reported to the company and an estimate of the claims that have already been incurred but that have not yet been reported to the company (IBNR). The reported claims are adjusted on the basis of technical reports received from independent appraisers. Debts with reinsurers and co-insurers The Group mitigates the risk for some of its insurance businesses through co-insurance or reinsurance contracts in other companies. In the case of co-insurance, the Group associates with another company to cover a risk assuming only a percentage of it and also the premium. In reinsurance, the risk is transferred to another insurance company both proportionally (as a percentage of the risk) and not proportionally (excess loss is covered above a certain limit). The reinsurance agreements assigned do not exempt the Group from its obligations to the insured. Coinsurance and reinsurance liabilities represent balances owed under the same conditions and the amounts payable are estimated in a manner consistent with the contract that gave rise to them. Debts with producers They represent liabilities with insurance agents originated in the commissions for the insurance operations that they originate for the Group companies. The balances of the current accounts with these entities are also included. Technical commitments The current risk reserve regularizes the premiums to be collected based on the incurred but not reported risks.
Capital Stock and Capital Adjustments	Accounts included in this item are expressed in terms of the measuring unit current as of December 31, 2019 as described in Note 1.1.b, except from the item “Capital Stock”, which has been held at nominal value. Common shares are recognized in shareholders´ equity and carried at nominal value. When any subsidiary of the Group buys shares of the Group (treasury stock), the effective payment, including any cost directly attributable to the transaction (net of taxes), is deducted from shareholders´ equity until the shares are either canceled or disposed.
Reserves and Dividend distribution	Pursuant to provisions set by the Argentine Corporations law, the Group and its subsidiaries, other than Banco Supervielle and Cordial Compañía Financiera, are required to appropriate 5% of the net income for the fiscal year to the legal reserve until such reserve is equal to 20% of Capital stock, plus the balance of the Capital Adjustment account. As concerns Banco Supervielle and Cordial Compañía Financiera, according to the regulations set forth by the Argentine Central Bank, 20% of net income for the fiscal year, net of previous years’ adjustments, if any, is required to be appropriated to the legal reserve. Notwithstanding the aforementioned, in appropriating amounts to other reserves, Financial Institutions are required to comply with the provisions laid down by the Argentine Central Bank in the revised text on distribution of dividends described in Note 25. The distribution of dividends to the Group’s shareholders is recognized as a liability in the consolidated financial statements for the fiscal year in which dividends are approved by the Group’s Shareholders.
Revenue Recognition	Financial income and expense is recognized in respect of all debt instruments in accordance with the effective interest rate method, pursuant to which all gains and losses which are an integral part of the transaction effective interest rate are deferred. Gains or losses included in the effective interest rate embrace disbursements or receipts relating to the creation or acquisition of a financial asset or liability, such as preparation and processing of the documents required to consummate the transactions, and payments received for the extension of credit arrangements. Fees and commissions earned by the Group on the origination of syndicated loans are not part of the product effective interest rate, and are recognized in the income statement at the time the service is delivered. Commissions and fees earned by the Group on negotiations in third parties’ transactions are not part of the effective interest rate either, and are recognized at the time the transactions are executed. The Group's income from services is recognized in the income statement as performance obligations are fulfilled, part of the consideration received is allocated to the customer loyalty programs described below. Consideration is allocated based on the relative standalone selling prices for services rendered and points granted. Below is a summary of the main commissions earned by the Bank: Commission Frecuency of revenue recognition Account maintenance Monthly Safe deposit boxes Semi-annual Issuing Bank Event driven Credit Card renewal Annual Check management Event driven Customer loyalty programs The Group offers reward programs that allow its cardholders to earn points that can be redeemed for a broad range of rewards, including goods and travels among others. This constitutes a performance obligation. The Group establishes a liability based on the fair value of the points issued that are expected to be exchanged by customers. Points to be redeemed are estimated based on the historical redemption behavior of each program. The liability is reduced and the revenue is recognized as performance obligations relating to the points are satisfied, which normally is when the points are exchanged by customers or at their due dates. Revenue recognized during the year is adjusted as explained in Note 1.1.b.
Income tax and minimum presumed income tax	Income Tax Income tax expense for the year includes current and deferred tax. Income tax is recognized in the consolidated statements of income, except for items required to be recognized directly in other comprehensive income. In this case, the income tax liability related to such items is also recognized in such statement. Current income tax expense is calculated on the basis of the tax laws enacted or substantially enacted as of the date of the Statement of Financial Position in the countries where the Company and its subsidiaries operate and generate taxable income. The Group periodically assesses the position assumed in tax returns in connection with circumstances in which the tax regulation is subject to interpretation. The Group sets up provisions in respect of the amounts expected to be required to pay to the tax authorities. Deferred income tax is recognized, using the deferred tax liability method, on temporary differences arising from the carrying amount of assets and liabilities and their tax base. However, the deferred tax arising from the initial recognition of an asset or liability in a transaction other than a business combination which, at the time of the transaction does not affect income or loss for accounting or tax purposes, is not recorded. Deferred income tax is determined using tax rates (and laws) enacted as of the date of the Financial Statements and that are expected to be applicable when the deferred tax assets are realized or the deferred tax liabilities are settled. Deferred income tax assets are recognized only to the extent future tax benefits are likely to arise against which the temporary differences can be offset. The Group recognizes a deferred tax liability for taxable temporary differences related to investments in subsidiaries and affiliates, except that the following two conditions are met: i) the Group controls the timing on which temporary differences will be reversed; and ii) such temporary differences are not likely to be reversed in the foreseeable future. Deferred income tax assets and liabilities are offset when a legal right exists to offset current tax assets against current tax liabilities and to the extent such balances are related to the same tax authority of the Group or its subsidiaries, where tax balances are intended to be, and may be, settled on a net basis.. Minimum Presumed Income Tax The Group determines the minimum presumed income tax at the effective rate of 1% of the computable assets at each fiscal year-end. This tax is supplementary to income tax. The Group’s tax liability is equal to the higher of the two taxes. However, if the minimum presumed income tax were to exceed income tax in a given fiscal year, such excess may be computed as a payment on account of the income tax that could be generated in any of the next ten fiscal years. The minimum presumed income tax credit disclosed under "Current Income Tax Assets" is the portion the Group expects to offset against the income tax in excess of minimum presumed income tax to be generated in the following ten fiscal years.
Earnings per share	Basic earnings per share are calculated by dividing net income attributable to the Group’s shareholders by the weighted average number of common shares outstanding during the period. Diluted earnings per share are calculated by dividing the net income for the year by the weighted average number of common shares issued and dilutive potential common shares at year end. Since the Company has no dilutive potential common shares outstanding, there are no dilutive earnings per share amounts

ACCOUNTING STANDARDS AND BASI_3

ACCOUNTING STANDARDS AND BASIS OF PREPARATION (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of initial application of standards or interpretations [line items]
Summary of Effects of Variation in Prices of Price Index	The tables below show the evolution of these indexes in the last four years and as of December 31, 2019 according to official statistics (INDEC): As of December 31, 2016 2017 2018 2019 Variation in Prices Annual 34.6 % 24.8 % 47.6 % 53.8 % Accumulated 3 years 102.3 % 96.8 % 148.0 % 183.4 %
Summary of Subsidiaries Included in Consolidation Process	The following chart details the subsidiaries included in the consolidation process: Percentage of direct or indirect investment in capital stock Company Main Activity 12/31/2019 12/31/2018 12/31/2017 Banco Supervielle S.A. Commercial Bank 99.90 % (1) 99.89 % (1) 99.88 % (1) Cordial Compañía Financiera S.A. Financial Company 99.90 % 99.90 % 99.89 % Tarjeta Automática S.A. Credit Card 99.99 % 99.99 % 99.99 % Supervielle Asset Management S.A. Mutual Fund 100.00 % 100.00 % 100.00 % Sofital S.A.F. e I.I. Real State 100.00 % 100.00 % 100.00 % Espacio Cordial de Servicios S.A. Retail Services 100.00 % 100.00 % 100.00 % Supervielle Seguros S.A. Insurance 100.00 % 100.00 % 100.00 % Micro Lending S.A.U. Financial Company 100.00 % 100.00 % — InvertirOnline S.A.U. Financial Broker 100.00 % 100.00 % — InvertirOnline.Com Argentina S.A.U. Representations 100.00 % 100.00 % — Supervielle Productores Asesores de Seguros S.A. Insurance Broker 100.00 % — — Bolsillo Digital S.A.U. Fintech 100.00 % — — Futuros del Sur S.A. Financial Broker 100.00 % — — (1) Grupo Supervielle S.A.’s direct and indirect interest in Banco Supervielle S.A votes amounts to 99,87%, 99,87% and 99,86% as of 12/31/2019, 12/31/2018 and 12/31/2017 respectively.
Summary of Assets and Liabilities of Structured Entities	The following chart details the assets and liabilities of Structured Entities that have been consolidated by the Group as of December 31, 2019 and 2018: 12/31/2019 12/31/2018 Assets Loans 1,594,664 1,584,904 Financial assets 108,839 215,164 Other assets 291,691 194,075 Total Assets 1,995,194 1,994,143 Liabilities Financial liabilities 1,424,480 1,374,000 Other liabilities 41,630 228,518 Total Liabilities 1,466,110 1,602,518
Cash and Cash Equivalents Include Cash and Highly Liquid Short-term Securities Maturities	Item 12/31/2019 12/31/2018 12/31/2017 Cash and due from banks 26,403,099 51,822,372 25,205,323 Debt securities at fair value through profit or loss 568,501 19,434,329 21,910,236 Money Market Funds 964,884 1,008,466 1,546,426 Cash and cash equivalents 27,936,484 72,265,167 48,661,985
Summary of Reconciliation Between Balances on Statement of Financial Position and Statement of Cash Flow	Items 12/31/2019 12/31/2018 12/31/2017 Cash and due from Banks As per Statement of Financial Position 26,403,099 51,822,372 25,205,323 As per the Statement of Cash Flows 26,403,099 51,822,372 25,205,323 Debt securities at fair value through profit or loss As per Statement of Financial Position 568,501 23,247,329 25,902,184 Securities not considered as cash equivalents — (3,813,000) (3,991,948) As per the Statement of Cash Flows 568,501 19,434,329 21,910,236 Money Market Funds As per Statement of Financial Position – Other financial assets 2,096,866 2,612,157 3,674,741 Other financial assets not considered as cash equivalents (1,131,982) (1,603,691) (2,128,315) As per the Statement of Cash Flow 964,884 1,008,466 1,546,426
Schedule of reconciliation of financing activities	Cash Flows Other non-cash Items 12/31/2018 Inflows Outflows movements 12/31/2019 Unsubordinated Negotiable Obligations 14,317,445 8,412,283 (17,365,599) 722,346 6,086,475 Subordinated Negotiable Obligations 2,128,759 — (842,966) 834,095 2,119,888 Financing received from the Argentine Central Bank and other financial institutions 12,357,106 110,569,136 (113,905,868) (2,777) 9,017,597 Lease Liabilities — — (1,251,601) 2,197,990 946,389 Total 28,803,310 118,981,419 (133,366,034) 3,751,654 18,170,349
Summary of groupings by shared risk characteristics	Group Parameter Grouping Retail Banking Probability of Default Personal loans ( 1 ) Credit card loans ( 1 ) Overdrafts Documents Mortgage loans and leasing Refinancing Other financings Loss Given Default Personal loans Credit card loans Overdrafts Mortgage loans and leasing Refinancing Other financings Corporate Banking Probability of Default ( 2 ) Small companies Medium companies Big companies Financial Area Loss Given Default Overdrafts Documents Leasing Unsecured loans Other financings Other receivables from financial transactions Consumer Finance Probability of Default Closed credit cards Open credit cards Cash loans Cash consumptions and directed loans Refinancing Tarjeta Automatica Personal loans Loss Given Default Credit cards Personal loans Refinancing (1) For credit cards and personal loans, the breakdown per segment was added because there was enough materiality. The segments are: senior citizens, high income open market, high income payroll, non- high income open market, non-high income payroll, bussiness in retail banking, former senior cityzens and former payroll (2) Groups made to calculate the probability of default are carried out by company size, occasionally classified by economic activity in Stage 1. For Stage 2 and Stage 3, the Probability of default is calculated including all segments of Corporate Banking due to the lack of materiality to perform a larger group.
Summary of Projected Evolution for Next Year of Main Macroeconomic Indicators	Parameter Segment Macroeconomic Indicator Scenario 1 Scenario 2 Scenario 3 Probability of Default Retail Real Wage 0.21 % 2.37 % (1.67) % Corporate Interest Rate 32.48 % 32.41 % 40.55 % Loss Given Default Consumer Finance Monthly Economic Activiy Estimator 140.85 151.52 135.86 Retail Private sector real wage 50.28 % 41.39 % 51.63 %
Summary of Scenario Probabilities	Scenario 1 80 % Scenario 2 10 % Scenario 3 10 %
Summary of ECL Allowance Sensitivity to Future Macro economic Conditions	December 31, 2019 Reported ECL Allowance 6,751,939 Gross carrying amount 94,761,950 Reported ECL Coverage 7.13 % ECL amount by scenarios Favorable scenario 6,702,980 Unfavorable scenario 6,779,811 Coverage ratio by scenarios Favorable scenario 7.07 % Unfavorable scenario 7.15 %
Summary of Useful Life of Property, Plant and Equipment	Property, plant and equipment Estimated useful life Buildings 50 Years Furniture 10 Years Machines and equipment 5 Years Vehicles 5 Years Others 5 Years
Summary of the main commissions earned	Commission Frecuency of revenue recognition Account maintenance Monthly Safe deposit boxes Semi-annual Issuing Bank Event driven Credit Card renewal Annual Check management Event driven
IFRS 16 Leases [Member]
Disclosure of initial application of standards or interpretations [line items]
Summary of Measurement of Leases	Operating lease commitments disclosed as at December 31, 2018 1,933,167 Discounted using the lessee's incremental borrowing rate of at the date of initial application 1,354,278 Lease liability recognised as at January 1, 2019 1,354,278 Of which are: Current lease liabilities 596,813 Non-current lease liabilities 757,465

SEGMENT REPORTING (Tables)

SEGMENT REPORTING (Tables)	12 Months Ended
	Dec. 31, 2019
SEGMENT REPORTING
Summary of segment information	Adm. MF Retail Corporate and other Total as of Asset by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2019 Cash and due from banks 7,691,602 1,022,915 16,870,526 321,145 3,385 2,420,972 (1,927,446) 26,403,099 Debt securities at fair value through profit or loss — — 312,306 92,762 — 163,433 — 568,501 Loans and other financing 36,757,453 43,426,550 3,720,408 5,036,973 453,978 30,746 (1,416,097) 88,010,011 Other Assets 2,525,566 1,335,130 17,533,288 2,975,202 1,091,343 538,602 7,703,949 33,703,080 Total Assets 46,974,621 45,784,595 38,436,528 8,426,082 1,548,706 3,153,753 4,360,406 148,684,691 Adm. MF Retail Corporate and other Total as of Liabilities by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2019 Deposits 59,571,804 14,479,560 15,676,584 1,634,091 — — (2,353,862) 89,008,177 Financing received from the Argentine Central Bank and others 12,605 — 8,998,732 949,764 — 46,020 (989,524) 9,017,597 Negotiable obligations 108,506 76,568 5,885,843 — — 15,558 — 6,086,475 Other liabilities 4,469,288 1,660,750 4,344,219 3,194,412 757,986 2,583,709 4,126,683 21,137,047 Total Liabilities 64,162,203 16,216,878 34,905,378 5,778,267 757,986 2,645,287 783,297 125,249,296 Adm. MF For the year Retail Corporate and other ended Result by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2019 Interests income 19,943,285 16,620,870 4,504,500 5,020,100 — 223,067 (1,517,227) 44,794,595 Interest Expense (9,330,992) (2,914,797) (21,148,187) (3,140,068) — (133,753) 1,754,346 (34,913,451) Distribution of results by the Treasury 4,735,940 (6,707,314) 1,971,374 — — — — — Net interest income 15,348,233 6,998,759 (14,672,313) 1,880,032 — 89,314 237,119 9,881,144 Net income from financial instruments at fair value through profit or loss 10,257 — 20,078,197 243,387 386,589 97,619 144,917 20,960,966 Exchange rate differences on gold and foreign currency 1,910,742 206,955 (2,483,544) 8,202 1,233 21,725 10,617 (324,070) NIFFI And Exchange Rate Differences 1,920,999 206,955 17,594,653 251,589 387,822 119,344 155,534 20,636,896 Net Financial Income 17,269,232 7,205,714 2,922,340 2,131,621 387,822 208,658 392,653 30,518,040 Services Fee Income 5,457,779 922,499 36,923 1,787,165 — 637,936 (242,695) 8,599,607 Services Fee Expenses (1,453,790) (122,345) (48,859) (653,485) — (30,416) 64,925 (2,243,970) Income from insurance activities — — — — 1,195,580 — 197,776 1,393,356 Net Service Fee Income 4,003,989 800,154 (11,936) 1,133,680 1,195,580 607,520 20,006 7,748,993 Subtotal 21,273,221 8,005,868 2,910,404 3,265,301 1,583,402 816,178 412,659 38,267,033 Result from exposure to changes in the purchasing power of money (1,577,053) (1,863,177) (393,524) (838,689) (884,821) (349,376) 547,075 (5,359,565) Other operating income 1,119,911 735,451 343,425 417,651 7,485 155,955 (24,611) 2,755,267 Loan loss provisions (2,919,371) (3,586,981) 24,645 (1,292,881) — 37,720 — (7,736,868) Net operating income 17,896,708 3,291,161 2,884,950 1,551,382 706,066 660,477 935,123 27,925,867 Personnel expenses (9,762,313) (1,826,316) (650,090) (1,278,332) (187,524) (304,708) (155,006) (14,164,289) Administration expenses (4,902,930) (659,642) (310,553) (1,169,952) (263,978) (265,146) (1,342) (7,573,543) Depreciations and impairment of non-financial assets (1,306,002) (265,234) (71,296) (100,299) (9,366) (6,621) (55,853) (1,814,671) Other operating expenses (3,399,168) (1,698,769) (510,621) (635,888) (1,229) (99,533) (13,083) (6,358,291) Operating (loss) / income (1,473,705) (1,158,800) 1,342,390 (1,633,089) 243,969 (15,531) 709,839 (1,984,927) Income from associates and joint ventures — — — 3,357 — — (3,357) — Result before taxes (1,473,705) (1,158,800) 1,342,390 (1,629,732) 243,969 (15,531) 706,482 (1,984,927) Income tax 10,427 1,523 17,516 541,324 (221,592) (86,158) (431,735) (168,695) Net (loss) / income (1,463,278) (1,157,277) 1,359,906 (1,088,408) 22,377 (101,689) 274,747 (2,153,622) Net (loss) / income for the year attributable to owners of the parent company (1,463,278) (1,157,277) 1,359,906 (1,088,408) 22,377 (101,689) 276,769 (2,151,600) Net loss for the year attributable to non-controlling interest — — — — — — (2,022) (2,022) Other comprehensive (loss) / income (37,056) (26,149) (65,995) — 81,366 — 1 (47,833) Other comprehensive (loss) / income attributable to owners of the parent company (37,056) (26,149) (65,995) — 81,366 — 133 (47,701) Other comprehensive loss attributable to non-controlling interest — — — — — — (132) (132) Comprehensive (loss) / income for the year (1,500,334) (1,183,426) 1,293,911 (1,088,408) 103,743 (101,689) 274,748 (2,201,455) Comprehensive (loss) / income attributable to owners of the parent company (1,500,334) (1,183,426) 1,293,911 (1,088,408) 103,743 (101,689) 276,902 (2,199,301) Comprehensive loss attributable to non-controlling interest — — — — — — (2,154) (2,154) Adm. MF Retail Corporate and other Total as of Asset by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2018 Cash and due from banks 7,239,531 500,337 43,851,308 94,475 4,823 895,461 (763,563) 51,822,372 Debt securities at fair value through profit or loss — — 22,984,545 — 153,895 108,889 — 23,247,329 Loans and other financing 47,358,154 59,764,723 4,345,135 9,862,852 706,712 926,389 (4,192,330) 118,771,635 Other Assets 1,755,720 123,346 8,711,917 2,669,278 573,006 970,498 9,387,709 24,191,474 Total Assets 56,353,405 60,388,406 79,892,905 12,626,605 1,438,436 2,901,237 4,431,816 218,032,810 Adm. MF Retail Corporate and other Total as of Liabilities by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2018 Deposits 79,499,070 14,492,455 50,620,684 2,565,917 — — (1,181,925) 145,996,201 Financing received from the Argentine Central Bank and others 16,657 11,095,730 1,209,680 3,911,307 — 283,892 (4,160,160) 12,357,106 Negotiable obligations — — 11,412,744 2,005,981 — 78,633 820,087 14,317,445 Other liabilities 4,910,579 1,554,733 2,981,986 2,654,830 595,742 1,735,797 4,825,996 19,259,663 Total Liabilities 84,426,306 27,142,918 66,225,094 11,138,035 595,742 2,098,322 303,998 191,930,415 Adm. MF For the year Retail Corporate and other ended Result by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2018 Interests income 20,200,645 16,516,702 2,777,378 8,099,756 60,224 457,730 (1,322,399) 46,790,036 Interest Expense (5,994,400) (2,040,304) (16,754,056) (2,996,575) — (348,189) 1,346,134 (26,787,390) Distribution of results by Treasury 1,148,153 (6,594,932) 5,446,779 — — — — — Net interest income 15,354,398 7,881,466 (8,529,899) 5,103,181 60,224 109,541 23,735 20,002,646 Net income from financial instruments at fair value through profit or loss 70,152 — 8,625,394 (899,758) 265,112 84,746 1,561,749 9,707,395 Exchange rate differences on gold and foreign currency 1,270,863 123,169 330,812 6,847 (8) 35,431 (33,877) 1,733,237 NIFFI And Exchange Rate Differences 1,341,015 123,169 8,956,206 (892,911) 265,104 120,177 1,527,872 11,440,632 Net Financial Income 16,695,413 8,004,635 426,307 4,210,270 325,328 229,718 1,551,607 31,443,278 Services Fee Income 5,418,126 831,023 40,506 2,215,442 — 677,975 (64,366) 9,118,706 Services Fee Expenses (1,232,265) (103,137) (85,134) (758,049) — (32,149) 29,114 (2,181,620) Income from insurance activities — — — — 1,025,991 — 279,531 1,305,522 Net Service Fee Income 4,185,861 727,886 (44,628) 1,457,393 1,025,991 645,826 244,279 8,242,608 Subtotal 20,881,274 8,732,521 381,679 5,667,663 1,351,319 875,544 1,795,886 39,685,886 Result from exposure to changes in the purchasing power of money (1,835,081) (2,365,062) (1,562,400) (885,652) (399,486) (186,231) (2,019,109) (9,253,021) Other operating income 1,486,750 1,415,572 117,166 812,447 6,636 141,375 (174,812) 3,805,134 Loan loss provisions (2,557,593) (1,332,146) (24,995) (3,934,373) — (117,924) — (7,967,031) Net operating income / (loss) 17,975,350 6,450,885 (1,088,550) 1,660,085 958,469 712,764 (398,035) 26,270,968 Personnel expenses (8,803,439) (1,574,602) (543,288) (1,791,966) (171,808) (294,857) (324,340) (13,504,300) Administration expenses (5,652,992) (730,139) (283,864) (1,436,941) (233,661) (300,768) 22,969 (8,615,396) Depreciations and impairment of non-financial assets (398,291) (127,812) (28,250) (70,023) (7,522) (2,615) (30,641) (665,154) Other operating expenses (3,557,128) (1,570,475) (439,465) (963,097) (1,021) (82,067) (19,908) (6,633,161) Operating (loss) / income (436,500) 2,447,857 (2,383,417) (2,601,942) 544,457 32,457 (749,955) (3,147,043) Income from associates and joint ventures — — — (6,881) — — 6,881 — Result before taxes (436,500) 2,447,857 (2,383,417) (2,608,823) 544,457 32,457 (743,074) (3,147,043) Income tax (337,442) (635,966) (138,783) 361,888 (236,071) (58,690) (510,010) (1,555,074) Net (loss) / income (773,942) 1,811,891 (2,522,200) (2,246,935) 308,386 (26,233) (1,253,084) (4,702,117) Net (loss) / income for the year attributable to owners of the parent company (733,224) 1,811,891 (2,522,200) (2,246,935) 308,386 (26,233) (1,249,735) (4,658,050) Net loss for the year attributable to non-controlling interest (40,718) — — — — — (3,349) (44,067) Other comprehensive (loss) / income (24,855) 189,655 186,199 318 (1,658) — 21,958 371,617 Other comprehensive (loss) / income attributable to owners of the parent company (24,855) 189,655 186,199 318 (1,658) — 21,572 371,231 Other comprehensive income attributable to non-controlling interest — — — — — — 386 386 Comprehensive (loss) / income for the year (798,797) 2,001,546 (2,336,001) (2,246,617) 306,728 (26,233) (1,231,126) (4,330,500) Comprehensive (loss) / income attributable to owners of the parent company (758,079) 2,001,546 (2,336,001) (2,246,617) 306,728 (26,233) (1,228,163) (4,286,819) Comprehensive loss attributable to non-controlling interest (40,718) — — — — — (2,963) (43,681) Adm. MF Retail Corporate and other Total as of Asset by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2017 Cash and due from banks 6,357,430 590,773 18,104,666 165,664 6,841 541 (20,592) 25,205,323 Debt securities at fair value through profit or loss — — 25,052,554 172,260 — — 677,370 25,902,184 Loans and other financing 48,927,312 68,919,197 5,133,358 15,113,729 216,278 39,326 (4,347,840) 134,001,360 Other Assets 958,922 27,501 11,909,500 3,251,455 1,155,018 435,670 5,180,855 22,918,921 Total Assets 56,243,664 69,537,471 60,200,078 18,703,108 1,378,137 475,537 1,489,793 208,027,788 Adm. MF Retail Corporate and other Total as of Liabilities by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2017 Deposits 80,026,461 10,482,457 36,399,868 1,600,834 — — (390,330) 128,119,290 Financing received from the Argentine Central Bank and others 14,796 6,253,027 1,398,610 439,402 — — (97,680) 8,008,155 Negotiable obligations — — 14,612,858 4,341,420 — — 553,573 19,507,851 Other liabilities 7,773,656 1,948,346 11,403,533 9,535,194 554,777 203,894 (10,242,223) 21,177,177 Total Liabilities 87,814,913 18,683,830 63,814,869 15,916,850 554,777 203,894 (10,176,660) 176,812,473 Adm. MF For the year Retail Corporate and other ended Result by segments Banking Banking Treasury Consumer Insurance segments Adjustments 12.31.2017 Interest Income 15,485,230 9,193,774 2,150,111 8,389,548 — — (968,139) 34,250,524 Interest Expense (3,737,355) (451,503) (6,995,270) (2,648,088) — (29) 1,049,288 (12,782,957) Distribution of results by Treasury 2,662,554 (5,253,561) 2,591,007 — — — — — Net interest income 14,410,429 3,488,710 (2,254,152) 5,741,460 — (29) 81,149 21,467,567 Net income from financial instruments at fair value through profit or loss (28,907) — 4,425,101 (634,803) 235,516 64,910 1,392,537 5,454,354 Exchange rate differences on gold and foreign currency 365,444 (104,511) 325,848 8,356 — 1,831 7,766 604,734 NIFFI And Exchange Rate Differences 336,537 (104,511) 4,750,949 (626,447) 235,516 66,741 1,400,303 6,059,088 Net Financial Income 14,746,966 3,384,199 2,496,797 5,115,013 235,516 66,712 1,481,452 27,526,655 Services Fee Income 5,722,307 1,130,057 41,992 1,721,223 — 513,216 199,170 9,327,965 Services Fee Expenses (1,250,037) (59,582) (44,019) (178,106) — — (345,668) (1,877,412) Income from insurance activities — — — — 983,795 — 399,914 1,383,709 Net Service Fee Income 4,472,270 1,070,475 (2,027) 1,543,117 983,795 513,216 253,416 8,834,262 Subtotal 19,219,236 4,454,674 2,494,770 6,658,130 1,219,311 579,928 1,734,868 36,360,917 Result from exposure to changes in the purchasing power of money (948,332) (1,153,660) (469,255) (264,439) (217,545) (40,496) (892,463) (3,986,190) Other operating income 1,806,462 604,994 145,679 1,378,346 4,890 (3,770) (1,109,125) 2,827,476 Loan loss provisions (2,165,779) (445,109) (10,574) (3,576,034) — — (6,852) (6,204,348) Net operating income / (loss) 17,911,587 3,460,899 2,160,620 4,196,003 1,006,656 535,662 (273,572) 28,997,855 Personnel expenses (8,925,324) (1,653,483) (610,812) (1,887,567) (169,025) (93,129) (99,825) (13,439,165) Administration expenses (5,409,736) (684,388) (323,670) (1,717,251) (214,828) (24,521) 808,100 (7,566,294) Depreciations and impairment of non-financial assets (589,546) (130,233) (152,759) (76,898) (7,024) (266) (93) (956,819) Other operating expenses (3,993,643) (1,028,888) (351,944) (964,378) (2,598) (20,783) (32,308) (6,394,542) Operating (loss) / income (1,006,662) (36,093) 721,435 (450,091) 613,181 396,963 402,302 641,035 Income from associates and joint ventures — — — 10,411 — — (10,411) — Result before taxes (1,006,662) (36,093) 721,435 (439,680) 613,181 396,963 391,891 641,035 Income tax (184,935) (222,877) (583,091) (398,280) (244,960) (150,825) (17,901) (1,802,869) Net (loss) / income (1,191,597) (258,970) 138,344 (837,960) 368,221 246,138 373,990 (1,161,834) Net (loss) / income for the year attributable to owners of the parent company (1,192,896) (258,970) 138,344 (837,960) 368,221 246,138 376,658 (1,160,465) Net income / (loss) for the year attributable to non-controlling interest 1,299 — — — — — (2,668) (1,369) Other comprehensive income / (loss) 6,998 7,879 2,889 (111) 57,915 — (3,450) 72,120 Other comprehensive income / (loss) attributable to owners of the parent company 6,998 7,879 2,889 (111) 57,915 — (3,470) 72,100 Other comprehensive income attributable to non-controlling interest — — — — — — 20 20 Comprehensive (loss) / income for the year (1,184,599) (251,091) 141,233 (838,071) 426,136 246,138 370,540 (1,089,714) Comprehensive (loss) / income attributable to owners of the parent company (1,185,898) (251,091) 141,233 (838,071) 426,136 246,138 373,188 (1,088,365) Comprehensive income (loss) attributable to non-controlling interest 1,299 — — — — — (2,648) (1,349)

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2019
INCOME TAX
Summary of reconciliation of statutory income tax rate	12/31/2019 12/31/2018 12/31/2017 Current income tax (412,963) (741,754) (2,043,564) Income tax – deferred method 244,268 (813,320) 240,695 Income tax allotted in the Income Statement (168,695) (1,555,074) (1,802,869) Income tax allotted in Other comprehensive income 7,716 (123,042) (32,434) Total Income Tax Charge (160,979) (1,678,115) (1,835,303)
Summary of reconciliation between the tax charge to income result from applying current tax rate	12/31/2019 12/31/2018 12/31/2017 Income before taxes (1,984,927) (3,147,043) 641,035 Tax rate 30 % 30 % 35 % Income for the year at tax rate 595,478 944,113 (224,362) Permanent differences at tax rate: Result from exposure to changes in the purchasing power of money (1,607,870) (2,818,203) (1,395,167) Deductible investments 57,216 323,526 41,307 Tax inflation adjustment 1,775,525 — (397,406) Others (989,044) (4,510) 172,759 Income tax (168,695) (1,555,074) (1,802,869)
Summary of net position of deferred tax	12/31/2019 12/31/2018 Deferred tax assets 1,671,195 1,264,222 Deferred tax liability (506,291) (343,586) Net assets by deferred tax 1,164,904 920,636 Deferred taxes to be recovered in more than 12 months 1,515,532 1,154,710 Deferred taxes to be recovered in 12 months 155,663 109,512 Subtotal – Deferred tax assets 1,671,195 1,264,222 Deferred taxes to be paid in more than 12 months — (237,571) Deferred taxes to be paid in 12 months (506,291) (106,015) Subtotal – Deferred tax liabilities (506,291) (343,586) Total Net Assets by deferred Tax 1,164,904 920,636
Summary of deferred tax assets / (liabilities)	Balance at (Charge)/Credit Balance at 12/31/2018 to Income 12/31/2019 Intangible assets (384,706) (317,274) (701,980) Retirement plans 88,468 (4,003) 84,465 Loan Loss Reserves 1,609,515 (688,632) 920,883 Property, plant and equipment (517,564) (389,819) (907,383) Foreign Currency (126,045) 64,558 (61,487) Loss Carry Forward 247,083 (82,059) 165,024 Inflation adjustment credit — 1,492,842 1,492,842 Provisions — 196,064 196,064 Others 3,885 (27,409) (23,524) Total 920,636 244,268 1,164,904 Balance at (Charge)/Credit Balance at 12/31/2017 to Income 12/31/2018 Intangible assets (74,203) (310,503) (384,706) Retirement plans 407,656 (319,188) 88,468 Loan Loss Reserves 1,311,637 297,878 1,609,515 Property, plant and equipment (273,683) (243,881) (517,564) Foreign Currency (121,998) (4,047) (126,045) Loss Carry Forward — 247,083 247,083 Others 484,547 (480,662) 3,885 Total 1,733,956 (813,320) 920,636

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
FINANCIAL INSTRUMENTS
Summary of financial instruments held by the Group	Financial Instruments as of 12/31/2019 Fair value - PL Amortized Cost Fair value - OCI Total Assets - Cash and due from banks 29,910 26,373,189 — 26,403,099 - Debt securities at fair value through profit or loss 568,501 — — 568,501 - Derivatives 257,587 — — 257,587 - Other financial assets 1,101,531 995,335 — 2,096,866 - Loans and other financing — 88,010,011 — 88,010,011 - Other debt securities — 3,287,385 7,171,171 10,458,556 - Financial assets in guarantee 4,924,540 409,164 — 5,333,704 - Investments in Equity Instruments 5,796 — 8,783 14,579 Total Assets 6,887,865 119,075,084 7,179,954 133,142,903 Liabilities - Deposits — 89,008,177 — 89,008,177 - Liabilities at fair value through profit or loss 189,554 — — 189,554 - Derivates — 319,817 — 319,817 - Other financial liabilities 5,996,738 3,118,827 — 9,115,565 - Financing received from the Argentine Central Bank and other financial institutions — 9,017,597 — 9,017,597 - Unsubordinated Negotiable obligations — 6,086,475 — 6,086,475 -Subordinated Negotiable Obligations — 2,119,888 — 2,119,888 Total Liabilities 6,186,292 109,670,781 — 115,857,073 Financial Instruments as of 12/31/2018 Fair value - PL Amortized Cost Fair value - OCI Total Assets - Cash and due from banks 15,997 51,806,375 — 51,822,372 - Debt securities at fair value through profit or loss 23,247,329 — — 23,247,329 - Derivatives 24,496 — — 24,496 - Other financial assets 23,181 2,588,976 — 2,612,157 - Loans and other financing — 118,771,635 — 118,771,635 - Other debt securities — 6,458,727 173,134 6,631,861 - Financial assets in guarantee 2,896,049 191,701 — 3,087,750 - Investments in Equity Instruments 2,466 — 13,539 16,005 Total Assets 26,209,518 179,817,414 186,673 206,213,605 Liabilities - Deposits — 145,996,201 — 145,996,201 - Liabilities at fair value through profit or loss 412,403 — — 412,403 - Derivates 144,944 — — 144,944 - Other financial liabilities 4,472,991 2,091,405 — 6,564,396 - Financing received from the Argentine Central Bank and other financial institutions 23,023 12,334,083 — 12,357,106 - Unsubordinated Negotiable obligations — 14,317,445 — 14,317,445 -Subordinated Negotiable Obligations — 2,128,759 — 2,128,759 Total Liabilities 5,053,361 176,867,893 — 181,921,254

FAIR VALUES (Tables)

FAIR VALUES (Tables)	12 Months Ended
	Dec. 31, 2019
FAIR VALUES
Summary of fair values of financial assets and financial liabilities	Financial Instruments as of 12/31/2019 FV level 1 FV level 2 FV level 3 Total Assets - Cash and due from banks 29,910 — — 29,910 - Debt securities at fair value through profit or loss 564,830 — 3,671 568,501 - Derivatives 257,587 — — 257,587 - Other financial assets 1,101,531 — — 1,101,531 - Other debt securities 7,171,171 — — 7,171,171 - Financial assets in guarantee 4,924,540 — — 4,924,540 - Investments in Equity Instruments 5,796 8,783 — 14,579 Total Assets 14,055,365 8,783 3,671 14,067,819 Liabilities - Liabilities at fair value through profit or loss 189,554 — — 189,554 - Other financial liabilities 5,996,738 — — 5,996,738 Total Liabilities 6,186,292 — — 6,186,292 Financial Instruments as of 12/31/2018 FV level 1 FV level 2 FV level 3 Total Assets - Cash and due from banks 15,997 — — 15,997 - Debt securities at fair value through profit or loss 5,761,365 17,485,964 — 23,247,329 - Derivatives 24,496 — — 24,496 - Other financial assets 23,181 — — 23,181 - Other debt securities 173,134 — — 173,134 - Financial assets in guarantee 2,896,049 — — 2,896,049 - Investments in Equity Instruments 2,466 13,539 — 16,005 Total Assets 8,896,688 17,499,503 — 26,396,191 Liabilities - Liabilities at fair value through profit or loss 412,403 — — 412,403 - Derivative instruments — 144,944 — 144,944 - Other financial liabilities 4,472,991 — — 4,472,991 - Financing received from the Argentine Central Bank and other financial institutions 23,023 — — 23,023 Total Liabilities 4,908,417 144,944 — 5,053,361
Summary of reconciliation of the financial instruments	FV level 3 12/31/2018 Transfers(*) Additions Disposals P/L 12/31/2019 Assets - Debt securities at fair value through profit or loss — 3,671 — — — 3,671
Summary of difference between carrying amount and fair value of assets and liabilities	Other Financial Instruments as of 12/31/2019 Book value Fair value FV Level 1 FV Level 2 FV Level 3 Financial Assets -Cash and due from Banks 26,373,189 26,373,189 26,373,189 — — -Other financial assets 995,335 995,335 995,335 — — -Loans and other financing 88,010,011 91,637,500 — — 91,637,500 - Other Debt Securities 3,287,385 3,370,171 3,370,171 — — -Financial assets in guarantee 409,164 409,164 409,164 — — 119,075,084 122,785,359 31,147,859 — 91,637,500 Financial Liabilities -Deposits 89,008,177 89,009,817 — — 89,009,817 -Repo transactions 319,817 319,817 319,817 — — -Other financial liabilities 3,118,827 3,174,432 3,174,432 — — -Financing received from the BCRA and other financial institutions 9,017,597 8,778,079 — — 8,778,079 - Unsubordinated Negotiable obligations 6,086,475 6,086,475 6,086,475 — — - Subordinated Negotiable Obligations 2,119,888 2,368,114 2,368,114 — — 109,670,781 109,736,734 11,948,838 — 97,787,896 Other Financial Instruments as of 12/31/2018 Book value Fair value FV Level 1 FV Level 2 FV Level 3 Financial Assets -Cash and due from Banks 51,806,375 51,806,375 51,806,375 — — -Other financial assets 2,588,976 2,588,976 2,588,976 — — -Loans and other financing 118,771,635 138,529,292 — — 138,529,292 - Other Debt Securities 6,458,727 6,466,670 6,466,670 — — -Financial assets in guarantee 191,701 191,701 191,701 — — 179,817,414 199,583,014 61,053,722 — 138,529,292 Financial Liabilities -Deposits 145,996,201 145,629,417 — — 145,629,417 -Other financial liabilities 2,091,405 2,091,405 2,091,405 — — -Financing received from the BCRA and other financial institutions 12,334,083 10,134,114 53,055 — 10,081,059 - Unsubordinated Negotiable obligations 14,317,445 12,232,833 12,232,833 — — - Subordinated Negotiable Obligations 2,128,759 2,109,793 2,109,793 — — 176,867,893 172,197,562 16,487,086 — 155,710,476
Summary of equity instruments measured at fair value with changes in profit or loss	12/31/2019 12/31/2018 YPF S.A. — 1,665 Grupo Financiero Galicia S.A. 5,796 801 Loma Negra S.A. — — Tenaris SA — — Pampa Energía S.A. — — Total 5,796 2,466
Summary of equity instruments measured at fair value with changes in other comprehensive income	FV at Loss FV at 12/31/2018 through OCI 12/31/2019 MAE 7,092 (2,482) 4,610 SEDESA 2,483 (869) 1,614 COELSA 1,414 (495) 919 PROVINCANJE 417 (145) 272 CUYO AVAL SGR 1,383 (334) 1,049 ARGENCONTROL 193 (68) 125 LOS GROBO SGR 321 (251) 70 IEBA SA 93 (32) 61 Others 143 (80) 63 Total 13,539 (4,756) 8,783 Exposure to FV at Income changes in FV at 12/31/2017 through OCI Purchasing Power 12/31/2018 MAE 10,470 — (3,378) 7,092 SEDESA 3,666 — (1,183) 2,483 COELSA 2,088 — (674) 1,414 PROVINCANJE 615 — (198) 417 CUYO AVAL SGR 505 1,229 (351) 1,383 ARGENCONTROL 285 — (92) 193 LOS GROBO SGR 154 255 (88) 321 IEBA SA 138 — (45) 93 Others 63 119 (39) 143 Total 17,984 1,603 (6,048) 13,539

FINANCE LEASE (Tables)

FINANCE LEASE (Tables)	12 Months Ended
	Dec. 31, 2019
FINANCE LEASE
Schedule of carrying amount in the financial position	12/31/2019 01/01/2019 Right-of-use asset Land and buildings 988,386 1,354,278 Lease liability Current 467,977 596,813 Non-current 478,413 757,465 Total 946,390 1,354,278
Schedule of amounts charged in the income statement	Items 12/31/2019 Right-of-use assets – Depreciation 567,192 Interest expenses on lease liabilities (Other operating expenses) 212,492
Schedule of breakdown of financial lease receivables	Financial Lease Receivables 12/31/2019 12/31/2018 Up to 1 year 1,783,106 2,627,616 More than a year up to two years 1,167,248 2,032,214 From two to three years 665,603 1,147,353 From three to five years 421,983 681,233 More than five years 20,379 14,454 Total 4,058,319 6,502,870 Unearned financial income (871,630) (1,355,568) Net investment in the lease 3,186,689 5,147,302
Schedule of breakdown of operating lease receivables	Operating Lease Receivables 12/31/2019 12/31/2018 Up to 1 year 16,706 3,695 More than a year up to two years 15,732 3,695 From two to three years 13,543 2,175 From three to five years 9,202 — Total 55,183 9,565

TRANSFER OF FINANCIAL ASSETS (T

TRANSFER OF FINANCIAL ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
TRANSFER OF FINANCIAL ASSETS
Summary of the financial asssets transferred by the Group	12/31/2019 12/31/2018 Securitized Personal Loans Asset 1,614,099 1,184,669 Liabilities 849,775 827,152 Transfers of receivables with recourse Asset 30,201 217,277 Liabilities — 113,948

REPO AND REVERSE REPO TRANSAC_2

REPO AND REVERSE REPO TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2019
REPO AND REVERSE REPO TRANSACTIONS
Summary of residual values of assets	The residual values of assets transferred under repo transactions as of December 31, 2019 and 2018 are detailed below: Repo Transactions: Book Value December 31, 2019 319,817 December 31, 2018 —

DERIVATIVE FINANCIAL INSTRUME_2

DERIVATIVE FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
DERIVATIVE FINANCIAL INSTRUMENTS
Summary of operation related to derivatives	12/31/2019 12/31/2018 Amounts receivable for spot and forward transactions pending settlement 257,587 24,496 Amounts payable for spot and forward transactions pending settlement — (144,944) 257,587 (120,448)
Summary of notional value of options and outstanding forward and futures contracts	12/31/2019 12/31/2018 Forward sales of foreign exchange without delivery of underlying assets 279,833 230,253 Forward purchases of foreign exchange without delivery of underlying assets — 1,560,382

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Dec. 31, 2019
EARNINGS PER SHARE
Summary of earnings per share	12/31/2019 12/31/2018 12/31/2017 Income attributable to shareholders of the group (2,151,600) (4,658,050) (1,160,465) Weighted average of ordinary shares (thousands) 456,722 456,722 392,832 Income per share (4.71) (10.20) (2.95)

SPECIAL TERMINATION ARRANGEME_2

SPECIAL TERMINATION ARRANGEMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
SPECIAL TERMINATION ARRANGEMENTS
Summary of evolution during each period	12/31/2019 12/31/2018 Balances at the beginning 609,302 1,025,488 Charged to profit or loss 527,901 125,547 Benefits paid to participants (189,667) (541,733) Balances at closing 947,536 609,302

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	12 Months Ended
	Dec. 31, 2019
PROPERTY, PLANT AND EQUIPMENT
Summary of Property, Plant and Equipment	Gross carrying amount Depreciation At the Net beginning Additions by At the At the Additions by carrying of the Useful business end of beginning business Of the Other At the end amount Item year Life Revaluation Additions combinations Disposals the year of the year Disposals combinations Year Movements of the year 12/31/2019 Cost model Furniture and facilities 1,008,692 10 — — — — 1,008,692 (693,705) — — (3,434) — (697,139) 311,553 Machinery and equipment 3,104,196 5 — 192,354 — (140,581) 3,155,969 (2,495,971) 312,750 — (624,196) — (2,807,417) 348,552 Vehicles 173,783 5 — 34,806 — (35,494) 173,095 (58,803) 15,658 — (31,073) — (74,218) 98,877 Right of use assets — — — 1,503,784 — — 1,503,784 — 644 — (567,192) — (566,548) 937,236 Construction in progress 548,023 — — 113,370 — (181,216) 480,177 — — — — — — 480,177 Revaluation model Land and Buildings 1,863,622 50 (62,080) 108,422 — (92) 1,909,872 (90,547) 29,791 — (23,433) — (84,189) 1,825,683 Total 6,698,316 (62,080) 1,952,736 — (357,383) 8,231,589 (3,339,026) 358,843 — (1,249,328) — (4,229,511) 4,002,078 Gross carrying amount Depreciation At the Net beginning Additions by At the At the Additions by carrying of the Useful business end of beginning business Of the Other At the end amount Item year Life Revaluation Additions combinations Disposals the year of the year Disposals combinations Year Movements of the year 12/31/2018 Cost model Furniture and facilities 930,958 10 — 69,318 9,136 (720) 1,008,692 (624,844) — (6,443) (58,389) (4,029) (693,705) 314,987 Machinery and equipment 2,925,963 5 — 183,808 19,777 (25,352) 3,104,196 (2,229,327) 20,283 (17,485) (252,056) (17,386) (2,495,971) 608,225 Vehicles 143,263 5 — 54,561 2,769 (26,810) 173,783 (61,193) 15,702 (395) (12,085) (832) (58,803) 114,980 Construction in progress 658,429 — — 188,663 — (299,069) 548,023 — — — — — — 548,023 Revaluation model Land and Buildings 1,581,142 50 474,704 — — (192,224) 1,863,622 (154,595) 64,048 — — — (90,547) 1,773,075 Total 6,239,755 — 474,704 496,350 31,682 (544,175) 6,698,316 (3,069,959) 100,033 (24,323) (322,530) (22,247) (3,339,026) 3,359,290
Summary of Revaluation of Property Plant and Equipment	Residual Value according to Revaluation Revalued the cost Class date amount model Difference Land and buildings 12/31/2019 1,825,683 1,887,763 (62,080) Land and buildings 12/31/2018 1,773,074 1,298,370 474,704

INVESTMENT PROPERTIES (Tables)

INVESTMENT PROPERTIES (Tables)	12 Months Ended
	Dec. 31, 2019
INVESTMENT PROPERTIES
Summary of movement in investment properties	The movements in investment properties for the years ended December 31, 2019 and 2018 were as follows: At the P/L for Beginning Total useful changes As of Item of the year life in the FV Additions Disposals 12/31/2019 Measurement at fair value Rented properties 635,877 50 (127,130) 3,551,323 (5,333) 4,054,737 TOTAL INVESTMENT PROPERTIES 635,877 — (127,130) 3,551,323 (5,333) 4,054,737 At the P/L for Beginning Total useful changes As of Item of the year life in the FV Additions Disposals 12/31/2018 Measurement at fair value Rented properties 441,610 50 221,408 16,103 (43,244) 635,877 TOTAL INVESTMENT PROPERTIES 441,610 — 221,408 16,103 (43,244) 635,877

Intangible Assets (Tables)

Intangible Assets (Tables)	12 Months Ended
	Dec. 31, 2019
INTANGIBLE ASSETS
Schedule of intangible assets	Gross carrying amount Depreciation At the Additions At the At the At the Net carrying beginning by business End of the beginning By business End of the amount at Item of the year Additions combinations Disposals year of the year Disposals combinations Of the year year 12/31/2019 Measurement at cost Goodwill 2,678,965 13,829 — — 2,692,794 — — — — — 2,692,794 Brands 146,907 — — — 146,907 — — — — — 146,907 Other intangible assets 2,228,054 651,095 — (4,269) 2,874,880 (883,780) 120 — (458,407) (1,342,067) 1,532,813 TOTAL 5,053,926 664,924 — (4,269) 5,714,581 (883,780) 120 — (458,407) (1,342,067) 4,372,514 Gross carrying amount Depreciation At the Additions At the At the At the Net carrying beginning by business End of the beginning By business End of the amount at Item of the year Additions combinations Disposals year of the year Disposals combinations Of the year year 12/31/2018 Measurement at cost Goodwill 255,323 2,423,642 — — 2,678,965 — — — — — 2,678,965 Brands — 146,907 — — 146,907 — — — — — 146,907 Other intangible assets 1,723,407 1,300,811 2,520 (798,684) 2,228,054 (1,271,996) 618,809 (2,143) (228,450) (883,780) 1,344,274 TOTAL 1,978,730 3,871,360 2,520 (798,684) 5,053,926 (1,271,996) 618,809 (2,143) (228,450) (883,780) 4,170,146
Schedule of goodwill by cash generating units	12/31/2019 12/31/2018 Supervielle Seguros S.A. 7,115 7,115 Cordial Compañía Financiera S.A. 177,578 177,578 Banco Regional de Cuyo S.A. 63,419 63,419 InvertirOnline S.A.U. / InvertirOnline.Com Argentina S.A.U. 1,355,982 1,355,982 Micro Lending S.A.U. 1,067,660 1,067,660 Others 21,040 7,211 TOTAL 2,692,794 2,678,965
Summary of assumptions used in goodwill impairment test	Real Forecast Forecast Forecast Forecast Forecast 2019 2020 2021 2022 2023 2024 Inflation (end of period) 54.3 % 44.2 % 25.3 % 17.2 % 10.0 % 8.5 % Inflation (average) 53.3 % 54.6 % 29.3 % 20.6 % 13.1 % 9.1 % Cost of funding (end of period) 61.4 % 36.8 % 25.9 % 15.4 % 11.5 % 11.5 % Cost of funding (average) 65.0 % 45.2 % 31.4 % 19.9 % 13.2 % 11.5 % Loan’s interest rate (average) 78.3 % 61.0 % 50.0 % 41.8 % 39.2 % 39.0 %

COMPOSITION OF THE MAIN ITEMS_2

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT (Tables)	12 Months Ended
	Dec. 31, 2019
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Summary of debt securities at fair value through profit or loss	12/31/2019 12/31/2018 Government securities 564,833 5,741,430 Corporate securities 3,668 114,648 Securities issued by the BCRA — 17,391,251 568,501 23,247,329
Summary of other financial assets	12/31/2019 12/31/2018 Participation Certificates in Financial Trusts 30,592 16,840 Investments in Mutual Funds 865,872 1,008,467 Other investments 59,608 12,211 Receivable from spot sales pending settlement 138,591 6,341 Several debtors 623,070 994,919 Miscellaneous debtors for credit card operations 379,133 573,379 2,096,866 2,612,157
Summary of other debt securities	12/31/2019 12/31/2018 Negotiable obligations — 3,938 Debt securities from Financial trusts — 1,863 Government securities 10,449,499 6,626,011 Others 9,057 49 10,458,556 6,631,861
Summary of financial assets in guarantee	12/31/2019 12/31/2018 Special guarantees accounts in the Argentine Central Bank 2,120,732 2,088,896 Deposits in guarantee 3,212,972 998,854 5,333,704 3,087,750
Summary of inventories	12/31/2019 12/31/2018 Electronics 21,752 92,429 Home and Health care 7,734 16,574 Tools and Workshop Equipment 16,249 365 Obsolescence Reserve (1,280) (1,811) 44,455 107,557
Summary of non-financial assets	12/31/2019 12/31/2018 Other Miscellaneous assets 831,142 912,352 Loans to employees 263,922 202,414 Payments in advance 13,570 48,568 Retirement Plan 151,171 196,799 Works of art and collector's pieces 34,546 6,896
Summary of deposits	12/31/2019 12/31/2018 Non-financial sector 5,470,177 17,083,822 Financial sector 28,098 38,821 Current accounts 10,885,298 10,287,013 Savings accounts 39,992,352 72,085,308 Time deposits and investments accounts 29,717,376 41,818,262 Others 2,914,876 4,682,975 89,008,177 145,996,201
Summary of liabilities at fair value through profit or loss	12/31/2019 12/31/2018 Liabilities for transactions in local currency 189,554 177,215 Liabilities for transactions in foreign currency — 235,188 189,554 412,403
Summary of other financial liabilities	12/31/2019 12/31/2018 Amounts payable for spot transactions pending settlement 2,193,818 850,096 Collections and other operations on behalf of third parties 5,224,611 4,948,447 Fees accrued to pay 269 56,087 Financial guarantee contracts 15,268 56,260 Liabilities associated with the transfer of financial assets not derecognized 713,177 593,093 Lease liability 946,390 — Others 22,032 60,413
Summary of financing received from the Argentine Central Bank and other financial institutions	12/31/2019 12/31/2018 Financing received from local financial institutions 939,136 1,918,696 Financing received from international institutions 8,078,461 10,438,410 9,017,597 12,357,106
Summary of provisions	12/31/2019 12/31/2018 Legal issues 33,049 47,176 Labor lawsuits 28,023 26,391 Tax 77,882 20,390 Restructuring Provision 500,000 — Others 21,930 22,809 Judicial Deposits 15,767 15,097 Eventual commitments 367 1,840 677,018 133,703
Summary of other non-financial liabilities	12/31/2019 12/31/2018 Payroll and social securities 3,967,872 3,499,379 Sundry creditors 2,357,646 2,302,636 Revenue from contracts with customers (1) 192,499 191,378 Tax payable 1,396,223 1,751,473 Social security payment orders pending settlement 218,486 341,196 Other 76,188 228,577 8,208,914 8,314,639
Schedule of estimated use of liability	Maturity Up to 12 Up to 24 More than Item months months 24 months Total Revenue from contracts with customers 93,466 47,952 51,081 192,499
Summary of interest income	12/31/2019 12/31/2018 12/31/2017 Interest on overdrafts 4,566,729 5,000,550 2,901,607 Interest on promissory notes 5,878,441 6,272,282 3,767,219 Interest on personal loans 12,916,398 16,811,397 16,547,779 Interest on corporate unsecured loans 6,141,212 4,643,906 3,060,511 Interest on credit card loans 4,815,023 5,249,821 5,053,721 Interest on mortgage loans 3,781,641 3,028,718 263,172 Interest on automobile and other secured loan 693,000 757,191 75,662 Interest on foreign trade loans 1,730,633 1,798,461 899,192 Interest on financial leases 1,129,605 1,417,026 1,141,613 Others 3,141,913 1,810,684 540,048 Total 44,794,595 46,790,036 34,250,524
Summary of interests expenses	12/31/2019 12/31/2018 12/31/2017 Interest on current accounts deposits 6,010,413 7,890,452 1,564,612 Interest on time deposits 19,855,152 9,991,638 5,786,089 Interest on other financial liabilities 7,692,607 7,296,529 4,460,915 Interest from financing from financial sector 274,101 1,137,554 382,729 Others 1,081,178 471,217 588,612 Total 34,913,451 26,787,390 12,782,957
Summary of net income from financial instruments at fair value through profit or loss	12/31/2019 12/31/2018 12/31/2017 Income from corporate and government securities 1,532,374 2,812,312 1,253,840 Income from securities issued by the Argentine Central Bank 18,714,976 9,500,772 4,366,999 Derivatives 713,616 (2,605,689) (166,485) Total 20,960,966 9,707,395 5,454,354
Summary of service fee income	12/31/2019 12/31/2018 12/31/2017 Commissions from deposits accounts 3,509,557 3,398,652 3,591,081 Commissions from credit and debit cards 2,897,583 3,361,286 3,598,831 Commissions from loans operations 294,820 601,763 543,388 Others 1,897,647 1,757,005 1,594,665 Total 8,599,607 9,118,706 9,327,965
Summary of service fee expenses	12/31/2019 12/31/2018 12/31/2017 Commissions paid 2,171,167 2,099,326 1,813,673 Export and foreign currency operations 72,803 82,294 63,739 Total 2,243,970 2,181,620 1,877,412
Summary of income from insurance activities	12/31/2019 12/31/2018 12/31/2017 Accrued premiums 2,188,006 2,263,710 2,438,417 Accrued losses (346,018) (510,785) (623,792) Production expenses (448,632) (447,403) (430,916) Total 1,393,356 1,305,522 1,383,709
Summary of other operating incomes	12/31/2019 12/31/2018 12/31/2017 Loans recovered and allowances reversed 498,599 488,878 466,741 Insurance commissions 68,287 610,942 544,225 Rental from safety boxes 286,881 368,093 358,390 Commissions from trust services 26,280 11,722 244,890 Returns of risk funds 172,684 431,480 164,515 Commissions from financial guarantees 627,845 723,954 45,557 Default interests 420,933 371,439 232,584 Others 653,758 798,626 770,574 Total 2,755,267 3,805,134 2,827,476
Summary of personnel expenses	12/31/2019 12/31/2018 12/31/2017 Payroll and social securities 12,415,668 10,009,697 10,258,005 Others expenses 1,748,621 3,494,603 3,181,160 Total 14,164,289 13,504,300 13,439,165
Summary of administration expenses	12/31/2019 12/31/2018 12/31/2017 Directors´ and statutory auditors’fees 280,833 251,527 199,248 Professional fees 1,017,618 2,541,276 1,690,134 Advertising and publicity 542,054 633,316 673,128 Taxes 1,469,457 1,648,448 1,672,778 Maintenance, security and services 1,727,446 846,858 804,156 Rent 51,745 715,107 621,264 Others 2,484,390 1,978,864 1,905,586 Total 7,573,543 8,615,396 7,566,294
Summary of depreciation and impairment of non-financial assets	12/31/2019 12/31/2018 12/31/2017 Depreciation of property, plant and equipment 682,136 322,530 549,762 Depreciation of other non-financial assets 106,936 113,747 27,405 Depreciation of intangible assets 458,407 228,450 379,652 Depreciation of right-of-use assets 567,192 — — Impairment of other-non financial assets — 427 — Total 1,814,671 665,154 956,819
Summary of other operating expenses	12/31/2019 12/31/2018 12/31/2017 Promotions related with credit cards 510,582 651,017 651,859 Turnover tax 3,749,503 4,311,436 3,459,409 Fair value on initial recognition of loans 200,899 594,275 656,807 Contributions made to deposit insurance system 243,959 237,870 207,594 Others 1,653,348 838,563 1,418,873 Total 6,358,291 6,633,161 6,394,542

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2019
RELATED PARTY TRANSACTIONS
Summary of Aggregate Amounts to Related Parties	As of As of December 31, 2019 December 31, 2018 Aggregate total financial exposure 963,016 1,204,789 Number of recipient related parties 70 75 (a) Individuals 63 68 (b) Companies 7 7 Average total financial exposure 13,757 21,378 Single largest exposure 823,172 1,131,380

INSURANCE (Tables)

INSURANCE (Tables)	12 Months Ended
	Dec. 31, 2019
INSURANCE
Schedule of assets and liabilities related to insurance activities	12/31/2019 12/31/2018 Assets related to insurance contracts (Loans and other financing) Receivables premius 453,978 63,380 Total 453,978 63,380 Liabilities related to insurance contracts (Other non-financial liabilities) Debt with insured 136,168 203,946 Debt with reinsurers 40,575 22,566 Debt with co-insurers 1,702 26,024 Debt with producers 150,384 44,451 Technical commitments 173,994 18,258 Outstanding claims paid by re-insurance companies (regularizer) (481) (723) Total 502,342 314,522 Debt with insured Property insurance Direct administrative insurance 11,242 12,976 Direct insurance in mediation 800 — Claims settled to pay 881 306 Claims occurred and not reported - IBNR 14,759 14,916 Life insurance Direct administrative insurance 41,267 48,377 Direct insurance in judgments 1,240 1,088 Direct insurance in mediation 1,837 1,151 Claims settled to pay 20,218 20,974 Claims occurred and not reported - IBNR 43,924 104,158 Total 136,168 203,946 Debt with producers Producers currenct account 28,247 33,992 Commisions for premiums receivable 122,137 10,459 Total 150,384 44,451 Technical commitments Course and similar risk Premiums and surcharges 173,955 18,258 Premium insufficiency 39 — Total 173,994 18,258

MUTUAL FUNDS (Tables)

MUTUAL FUNDS (Tables)	12 Months Ended
	Dec. 31, 2019
Disclosure of mutual funds portfolio [abstract]
Summary of Mutual Funds Portfolio	Portfolio Net Worth Number of Units Mutual Fund 12/31/2019 12/31/2018 12/31/2019 12/31/2018 12/31/2019 12/31/2018 Premier Renta C.P. Pesos 14,031,863 8,281,012 14,010,386 8,266,083 3,958,398,573 1,475,029,312 Premier Renta Plus en Pesos 109,147 573,083 107,200 554,760 10,250,999 49,671,811 Premier Renta Fija Ahorro 465,427 5,156,205 459,494 5,038,765 12,851,475 136,640,472 Premier Renta Fija Crecimiento 46,922 67,139 46,657 66,643 3,688,485 4,369,322 Premier Renta Variable 166,391 245,226 163,998 226,060 6,982,580 8,130,311 Premier FCI Abierto Pymes 560,360 631,380 559,099 630,259 91,559,624 99,122,237 Premier Commodities 21,039 8,912 13,593 7,930 2,596,034 1,599,150 Premier Capital 129,058 277,778 128,718 277,455 36,057,519 67,052,867 Premier Inversión 135,360 275,771 135,291 275,395 442,160,447 888,100,323 Premier Balanceado 623,862 942,774 623,293 942,030 249,317,925 359,887,367 Premier Renta Mixta 133,255 90,124 133,147 90,080 76,562,093 44,863,120 Premier Renta Mixta en USD 130,212 725,057 129,733 7,222,633 2,815,589 13,892,155 Premier Performance en USD 453,884 3,649,334 452,866 3,630,806 9,312,208 62,805,294 Premier Global USD 698,915 — 696,759 — 11,338,023 —

RESTRICTED ASSETS (Tables)

RESTRICTED ASSETS (Tables)	12 Months Ended
	Dec. 31, 2019
RESTRICTED ASSETS
Summary of Restricted Assets	Item 12/31/2019 12/31/2018 Loans and other financing In guarantee of secured borrowings — — Credit Line — — — — Financial assets in guarantee Special guarantee accounts in the Argentine Central Bank 2,120,732 2,088,896 Trust guarantee deposits 3,800 5,127 Guarantee deposits for currency forward transactions 2,104,713 434,126 Guarantee deposits for credit cards transactions 317,407 375,993 Other guarantee deposits 158,562 183,608 Guarantee deposits for repo transactions 23,880 — 4,729,094 3,087,750

FINANCIAL TRUSTS (Tables)

FINANCIAL TRUSTS (Tables)	12 Months Ended
	Dec. 31, 2019
Credimas Financial Trust
Disclosure of financial trust [line items]
Summay of Financial Trust	Indenture Due of principal Original principal Principal Financial trust executed on obligation amount balance Beneficiaries Settlers Credimas 01/11/2013 06/21/2019 16,000 — Banco Supervielle S.A. Credimas S.A. Asministration trust Interconnection 500 KV ET Nueva San Juan - ET Rodeo Iglesia 09/12/2018 09/12/2018, or until the termination of payment obligations through Disbursements (the “Extinction date”). — — Diservel S.R.L., Ingenias S.R.L, Geotecnia (Inv. Calvente), Newen Ingenieria S.A., Ingiciap S.A., Mercados Energeticos, Diservel S.R.L.) and the suppliers of works, goods and services included in the Project. Interconexion Electrica Rodeo S.A.
Supervielle Creditos Financial Trust [member]
Disclosure of financial trust [line items]
Summay of Financial Trust	Value initially Securities issued Financial Trust Set up on assigned in trust Type Amount Type Amount Serie 97 03/27/2018 $ 750,000 VDF TV A VN$712,500 CP VN$37,500 Mat: 01/20/20 Mat: 03/20/20
Cordial Compania Financiera Financial Trust Financial Trust
Disclosure of financial trust [line items]
Summay of Financial Trust	Securities issued Value initially Participation Financial Trust Set up on assigned in trust Certificates Debt Instruments 20 04/08/2019 $ 600,000 $ 120,000 $ 480,000 21 06/24/2019 $ 1,000,000 $ 780,000 $ 220,000 22 11/13/2019 $ 571,560 $ 102,300 $ 469,260
Micro Lending Financial Trust
Disclosure of financial trust [line items]
Summay of Financial Trust	Securitized Issued Securities Financial Trust Set-up on Amount Type Amount Amount Type Amount III 06/08/2011 $ 39,779 VDF TV A VN$31,823 VDF B VN $6,364 CP VN $1,592 Vto: 03/12/13 Vto: 11/12/13 Vto: 10/12/16 IV 09/01/2011 $ 40,652 VDF TV A VN$32,522 VDF B VN $6,504 CP VN $1,626 Vto: 06/20/13 Vto: 10/20/13 Vto: 01/20/17 Vto: 01/15/19 Vto: 04/15/19 Vto: 07/22/22 XVIII 06/16/2017 $ 119,335 VDF TV A VN $89,501 VDF TV B VN $7,291 CP VN $22,543 Vto: 05/15/19 Vto: 08/15/19 Vto: 10/15/22

ISSUANCE OF NEGOTIABLE OBLIGA_2

ISSUANCE OF NEGOTIABLE OBLIGATIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Cordial Compania Financiera S.A.
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Outstanding obligations	Class Issue Date Maturity Date Annual Interest Rate 12/31/2019 12/31/2018 Grupo Supervielle Class XIII 01/31/2014 01/31/2019 Badlar + Spread 6.25 % — 43,108 Banco Supervielle Class A 02/09/2017 08/09/2020 Badlar + Spread 4.5 % 3,804,338 6,461,888 Banco Supervielle Class B 12/22/2017 12/22/2019 Floating TM20 + Spread 3.25 % — 923,233 Banco Supervielle Class C 12/22/2017 12/22/2021 Badlar + Spread 4.25 % 667,169 1,026,425 Banco Supervielle Class D 02/14/2018 08/14/2019 Badlar + Spread 3.5 % — 1,182,758 Banco Supervielle Class E 02/14/2018 02/14/2023 Badlar + Spread 4.05 % 1,599,410 2,595,420 Cordial Compañía Financiera Class XIV 05/11/2017 05/11/2019 Badlar + Spread 3.5 % — 611,622 Cordial Compañía Financiera Class XV 08/24/2017 02/23/2019 Badlar + Spread 4.75 % — 562,105 Cordial Compañía Financiera Class XVI 11/22/2017 11/21/2019 Floating TM20 + Spread 4.25% — 832,253 Micro Lending Class II 08/16/2016 08/16/2019 Badlar + Spread 5 % — 30,773 Micro Lending Class III 10/04/2017 10/05/2020 Badlar + Spread 7 % 15,558 47,860 Total 6,086,475 14,317,445
Banco Supervielle S.A.
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Outstanding obligations	Issuance Maturity Book Value date Currency Class Amount Amortization Term date Rate 12/31/2019 12/31/2018 08/20/2013 U$S III 22,500 100% at mat, 84 Months 08/20/20 7 % 1,308,192 1,340,759 11/18/2014 U$S IV 13,441 100% at mat, 84 Months 11/18/21 7 % 811,696 788,000 Total 2,119,888 2,128,759

RESTRICTIONS IMPOSED ON THE D_2

RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS (Tables)	12 Months Ended
	Dec. 31, 2019
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Schedule of shareholders' equity under the rules of the Argentine Central Bank	At December 31, 2019 Capital Stock 456,722 Paid in Capital 8,997,297 Legal Reserve 91,344 Other Reserves 6,708,810 Other Comprehensive Income 1,167,932 Net Income for the year 4,257,932 Total shareholders’ equity under the rules of the Argentine Central Bank 21,680,037

LOANS AND OTHER FINANCING (Tabl

LOANS AND OTHER FINANCING (Tables)	12 Months Ended
	Dec. 31, 2019
LOANS AND OTHER FINANCING
Summary of composition of loan portfolio	As of December 31, 2019 and 2018 the composition of the loan portfolio is as follows: Total as of Assets Before Allowances December 31, Stage 1 Stage 2 Stage 3 2019 Promissory notes 8,009,641 220,628 284,448 8,514,717 Unsecured corporate loans 9,974,477 363,545 768,167 11,106,189 Overdrafts 4,339,933 88,118 1,170,260 5,598,311 Mortgage loans 6,030,357 1,139,227 747,436 7,917,020 Automobile and other secured loans 799,642 260,651 159,643 1,219,936 Personal loans 14,047,805 1,115,171 1,132,265 16,295,241 Credit card loans 11,850,570 560,447 542,364 12,953,381 Foreign Trade Loans 16,198,790 615,514 1,336,442 18,150,746 Other financings 7,742,824 93,942 75,911 7,912,677 Other receivables from financial transactions 1,844,597 16,506 45,940 1,907,043 Receivables from financial leases 2,818,321 184,319 184,049 3,186,689 Subtotal 83,656,957 4,658,068 6,446,925 94,761,950 Allowances for loan losses (1,605,160) (838,710) (4,308,069) (6,751,939) Total 82,051,797 3,819,358 2,138,856 88,010,011 Total as of Assets Before Allowances December 31, Stage 1 Stage 2 Stage 3 2018 Promissory notes 11,040,711 728,667 372,861 12,142,239 Unsecured corporate loans 9,566,113 2,115,729 277,612 11,959,454 Overdrafts 6,888,246 1,096,622 181,025 8,165,893 Mortgage loans 8,362,500 216,941 14,937 8,594,378 Automobile and other secured loans 1,945,195 163,435 279,678 2,388,308 Personal loans 24,712,374 3,388,932 2,630,599 30,731,905 Credit card loans 12,498,927 916,400 781,512 14,196,839 Foreign Trade Loans 18,771,657 854,199 1,561,731 21,187,587 Other financings 8,008,012 1,386,762 175,934 9,570,708 Other receivables from financial transactions 2,039,401 18,592 32,756 2,090,749 Receivables from financial leases 4,942,686 265,384 129,095 5,337,165 Subtotal 108,775,822 11,151,663 6,437,740 126,365,225 Allowances for loan losses (2,212,268) (1,762,950) (3,618,372) (7,593,590) Total 106,563,554 9,388,713 2,819,368 118,771,635
Summary of changes in gross carrying amount and corresponding expected credit losses	Assets Before Allowances ECL Allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at the beginning of the year 108,775,822 11,151,663 6,437,740 126,365,225 2,212,268 1,762,950 3,618,372 7,593,590 Transfers 1 to 2 (975,855) 975,855 — — (61,394) 311,209 — 249,815 1 to 3 (5,030,380) — 5,030,380 — (92,597) — 3,446,674 3,354,077 2 to 3 — (1,293,344) 1,293,344 — — (217,452) 747,949 530,497 2 to 1 4,403,744 (4,403,744) — — 54,696 (336,834) — (282,138) 3 to 2 — 46,115 (46,115) — — 9,708 (31,725) (22,017) 3 to 1 160,733 — (160,733) — 15,515 — (112,975) (97,460) Net changes of financial assets (33,785,702) (2,107,933) (2,087,060) (37,980,695) (587,501) (715,925) 1,543,541 240,115 Write-Offs — — (5,029,098) (5,029,098) — — (5,029,098) (5,029,098) Exchange Differences and Others 10,108,595 289,456 1,008,467 11,406,518 64,173 25,054 125,331 214,558 Gross carrying amount at December 31, 2019 83,656,957 4,658,068 6,446,925 94,761,950 1,605,160 838,710 4,308,069 6,751,939 Assets Before Allowances ECL Allowance Stage 1 Stage 2 Stage 3 Total Stage 1 Stage 2 Stage 3 Total Balance at the beginning of the year 129,105,886 6,422,218 5,588,945 141,117,049 2,601,836 1,542,565 2,971,288 7,115,689 Transfers 1 to 2 (3,390,317) 3,390,317 — — (111,310) 652,494 — 541,184 1 to 3 (1,889,857) — 1,889,857 — (113,691) — 1,608,825 1,495,134 2 to 3 — (718,411) 718,411 — — (234,756) 433,741 198,985 2 to 1 1,090,798 (1,090,798) — — 35,469 (144,782) — (109,313) 3 to 2 — 173,815 (173,815) — — 27,351 (116,916) (89,565) 3 to 1 46,771 — (46,771) — 4,421 — (56,700) (52,279) Net changes of financial assets (26,451,011) 2,615,931 2,428,106 (21,406,974) (214,161) (82,519) 2,787,456 2,490,776 Write-Offs — — (4,017,832) (4,017,832) — — (4,017,832) (4,017,832) Exchange Differences and Others 10,263,552 358,591 50,839 10,672,982 9,704 2,597 8,510 20,811 Gross carrying amount at December 31, 2018 108,775,822 11,151,663 6,437,740 126,365,225 2,212,268 1,762,950 3,618,372 7,593,590

RISK MANAGEMENT POLICIES (Table

RISK MANAGEMENT POLICIES (Tables)	12 Months Ended
	Dec. 31, 2019
RISK MANAGEMENT POLICIES
Summary of maximum credit risk exposure	December 31, 2019 ECL Staging Stage 1 Stage 2 Stage 3 Loan Type 12-month ECL Lifetime ECL Lifetime ECL Total Promissory Notes 8,009,641 220,628 284,448 8,514,717 Unsecured Corporate Loans 9,974,477 363,545 768,167 11,106,189 Overdrafts 27,183,947 441,780 1,168,592 28,794,319 Mortgage Loans 6,030,357 1,139,227 747,436 7,917,020 Automobile and other secured loans 799,642 260,651 159,643 1,219,936 Personal Loans 32,587,196 4,932,804 1,154,309 38,674,309 Retail 13,070,026 807,506 435,054 14,312,586 Consumer Finance 19,517,170 4,125,298 719,255 24,361,723 Credit Card Loans 31,059,187 911,868 545,659 32,516,714 Retail 26,906,451 772,705 272,095 27,951,251 Consumer Finance 4,152,736 139,163 273,564 4,565,463 Foreign Trade Loans 16,198,790 615,514 1,336,442 18,150,746 Other Financings 116,204 76,335 8,063,007 Other Receivables from Financial Transactions 1,844,597 16,506 45,940 1,907,043 Receivables from Financial Leases 2,818,321 184,319 184,049 3,186,689 Total 144,376,623 9,203,046 6,471,020 160,050,689 December 31, 2018 ECL Staging Stage 1 Stage 2 Stage 3 Loan Type 12-month ECL Lifetime ECL Lifetime ECL Total Promissory Notes 11,040,711 728,667 372,861 12,142,239 Unsecured Corporate Loans 9,566,109 2,115,731 277,614 11,959,454 Overdrafts 46,873,802 2,092,931 187,576 49,154,309 Mortgage Loans 8,362,500 216,941 14,937 8,594,378 Automobile and other secured loans 1,945,197 163,433 279,678 2,388,308 Personal Loans 24,712,372 3,388,933 2,630,600 30,731,905 Retail 20,024,331 1,359,665 506,605 21,890,601 Consumer Finance 4,688,041 2,029,268 2,123,995 8,841,304 Credit Card Loans 30,883,372 1,388,599 853,883 33,125,854 Retail 23,665,677 897,518 331,160 24,894,355 Consumer Finance 7,217,695 491,081 522,723 8,231,499 Foreign Trade Loans 18,771,655 854,199 1,561,733 21,187,587 Other Financings 14,841,096 1,389,182 177,773 16,408,051 Other Receivables from Financial Transactions 2,039,403 18,592 32,754 2,090,749 Receivables from Financial Leases 4,942,687 265,382 129,096 5,337,165 Total 173,978,904 12,622,590 6,518,505 193,119,999
Summary of exposure to the Group's exchange risk by currency type	Balances as of 12/31/2019 Balances as of 12/31/2018 Monetary Monetary Monetary Monetary Financial Financial Net Financial Financial Net Currency Assets Liabilities Derivatives Position Assets Liabilities Derivatives Position US Dollar 37,455,139 36,825,985 — 629,154 63,782,427 62,036,482 20,621 1,766,566 Euro 593,090 575,147 — 17,943 713,445 730,092 — (16,647) Others 146,439 3,693 — 142,746 176,170 5,135 — 171,035 Total 38,194,668 37,404,825 — 789,843 64,672,042 62,771,709 20,621 1,920,954
Summary of sensitivity analysis performed reasonably possible changes in foreign exchange rates	12/31/2019 12/31/2018 Currency Variation P/L Equity Variation P/L Equity US Dollar 31.9 % 200,700 200,700 29 % 518,252 518,252 (31.9) % (200,700) (200,700) (29) % (518,252) (518,252) Euro 31.9 % 5,724 5,724 29 % (4,884) (4,884) (31.9) % (5,724) (5,724) (29) % 4,884 4,884 Other 31.9 % 45,536 45,536 29 % 50,176 50,176 (31.9) % (45,536) (45,536) (29) % (50,176) (50,176) Total 31.9 % 251,960 251,960 29 % 563,543 563,543 (31.9) % (251,960) (251,960) (29) % (563,543) (563,543)
Summary of exposure to interest rate risk	Term in days Assets and Liabilities Up to 30 From 30 to 90 from 90 to 180 from 180 to 365 More than 365 Total To 12/31/2019 Total Financial Assets 42,175,254 15,004,746 11,454,731 12,255,255 50,684,393 131,574,379 Total Financial Liabilities 50,567,576 13,421,108 5,116,494 6,674,589 44,708,852 120,488,619 Net Amount (8,392,322) 1,583,638 6,338,237 5,580,666 5,975,541 11,085,760 Term in days Assets and Liabilities Up to 30 From 30 to 90 from 90 to 180 from 180 to 365 More than 365 Total To 12/31/2018 Total Financial Assets 83,738,836 20,431,857 17,987,509 14,342,770 71,590,305 208,091,277 Total Financial Liabilities 115,241,413 32,447,944 2,305,325 2,307,951 38,522,658 190,825,291 Net Amount (31,502,577) (12,016,087) 15,682,184 12,034,819 33,067,647 17,265,986
Summary of sensitivity to reasonably possible additional variation in interest rates for next year	Increase / (decrease) Additional variation in in the income the interest rate statement Decrease in the interest rate 4% ARS; 2% USD (357,394) Increase in the interest rate 4% ARS; 2% USD 260,313

BUSINESS COMBINATIONS (Tables)

BUSINESS COMBINATIONS (Tables)	12 Months Ended
	Dec. 31, 2019
Futuros del Sur S.A.
Business Combinations
Summary of Acquisition for Class of Assets Acquired and Liabilities Assumed	Fair Value Cash and banks deposits 2,618 Other financial assets 651 Other assests 54 Miscellaneous obligations (125) Net identifiable assets acquired 3,198 Consideration of the acquisition: - Amount paid net of expenses 6,964 Net cash flow used - investment activities 6,964 Goodwill by business combination 3,766

ASSETS AND LIABILITIES IN FOR_2

ASSETS AND LIABILITIES IN FOREIGN CURRENCY (Tables)	12 Months Ended
	Dec. 31, 2019
ASSETS AND LIABILITIES IN FOREIGN CURRENCY
Summary of Assets and Liabilities in Foreign Currency	At At 12/31/2019 (per currency) At Items 12/31/2019 Dollar Euro Real Others 12/31/2018 ASSETS Cash and Due from Banks 13,896,907 13,161,262 589,529 15,285 130,831 25,164,561 Government and corporate securities at fair value with changes in results 704,916 704,916 — — — 4,296,153 Derivatives — — — — — 20,621 Other financial assets 1,151,505 1,151,257 248 — — 915,523 Loans and other financing 21,482,922 21,479,286 3,313 — 323 32,505,333 Other Debt Securities 65 65 — — — 1,599,586 Financial assets in guarantee 4,503,242 4,503,242 — — — 711,530 Investments in subsidiaries, associates and joint ventures — — — — — — Other non-financial assets 179,271 179,271 — — — 229,506 TOTAL ASSETS 41,918,828 41,179,299 593,090 15,285 131,154 65,442,813 LIABILITIES Deposits 23,336,727 22,855,146 481,581 — — 48,179,530 Non-financial public sector 2,171,358 2,171,272 86 — — 12,152,394 Financial sector 9,062 9,062 — — — 4,581 Non-financial private sector and foreign residents 21,156,307 20,674,812 481,495 — — 36,022,555 Liabilities at fair value with changes in results — — — — — 235,188 Other financial liabilities 4,091,775 3,998,209 93,566 — — 774,926 Financing received from the Argentine Central Bank and other financial entities 8,075,471 8,075,471 — — — 10,444,759 Subordinated negotiable obligations 2,119,888 2,119,888 — — — 2,128,759 Other non-financial liabilities 341,062 341,062 — — — 791,902 TOTAL LIABILITIES 37,964,923 37,389,776 575,147 — — 62,555,064 NET POSITION 3,953,905 3,789,523 17,943 15,285 131,154 2,887,749

CURRENT_NON-CURRENT DISTINCTI_2

CURRENT/NON-CURRENT DISTINCTION (Tables)	12 Months Ended
	Dec. 31, 2019
CURRENT/NON-CURRENT DISTINCTION
Summary of Assets and Liability	12/31/2019 12/31/2018 No more than No more than 12 months More than 12 12 months More than 12 after the months after after the months after reporting the reporting reporting the reporting ASSETS period period Total period period Total Cash and due from banks 26,403,099 — 26,403,099 51,822,372 — 51,822,372 Cash 8,751,111 — 8,751,111 7,368,112 — 7,368,112 Argentine Central Bank 15,927,336 — 15,927,336 42,132,824 — 42,132,824 Other local financial institutions 1,694,742 — 1,694,742 2,305,439 — 2,305,439 Others 29,910 — 29,910 15,997 — 15,997 Debt Securities at fair value through profit or loss 568,501 — 568,501 23,247,329 — 23,247,329 Derivatives 257,587 — 257,587 24,496 — 24,496 Repo transactions — — — — — — Other financial assets 2,096,866 — 2,096,866 2,612,157 — 2,612,157 Loans and other financing 61,827,090 26,182,921 88,010,011 87,503,950 31,267,685 118,771,635 To the non-financial public sector 7,020 21,852 28,872 11,577 38,883 50,460 To the financial sector 32,867 31,655 64,522 550,993 62,108 613,101 To the Non-Financial Private Sector and Foreign residents 61,787,203 26,129,414 87,916,617 86,941,380 31,166,694 118,108,074 Other debt securities 10,106,598 351,958 10,458,556 1,875,097 4,756,764 6,631,861 Financial assets in guarantee 5,333,704 — 5,333,704 3,082,974 4,776 3,087,750 Current income tax assets 102,458 — 102,458 903,591 7,186 910,777 Inventories 44,455 — 44,455 107,557 — 107,557 Investments in equity instruments — 14,579 14,579 — 16,005 16,005 Property, plant and equipment — 4,002,078 4,002,078 — 3,359,290 3,359,290 Investment Property — 4,054,737 4,054,737 — 635,877 635,877 Intangible assets — 4,372,514 4,372,514 — 4,170,146 4,170,146 Deferred income tax assets 155,663 1,515,532 1,671,195 9,696 1,254,526 1,264,222 Non-current assets held for sale — — — 4,307 — 4,307 Other non-financial assets 754,818 539,533 1,294,351 267,224 1,099,805 1,367,029 TOTAL ASSETS 107,650,839 41,033,852 148,684,691 171,460,750 46,572,060 218,032,810 12/31/2019 12/31/2018 No more than No more than 12 months More than 12 12 months More than 12 after the months after after the months after reporting the reporting reporting the reporting LIABILITIES period period Total period period Total Deposits 89,006,977 1,200 89,008,177 145,863,016 133,185 145,996,201 Non-financial public sector 5,470,177 — 5,470,177 17,083,822 — 17,083,822 Financial sector 28,098 — 28,098 38,821 — 38,821 Non-financial private sector and foreign residents 83,508,702 1,200 83,509,902 128,740,373 133,185 128,873,558 Liabilities at fair value through profit or loss 189,554 — 189,554 412,403 — 412,403 Derivatives — — — 144,944 — 144,944 Repo Transactions 319,817 — 319,817 — — — Other financial liabilities 8,555,100 560,465 9,115,565 6,294,616 269,780 6,564,396 Financing received from the Argentine Central Bank and other financial institutions 8,688,059 329,538 9,017,597 11,013,248 1,343,858 12,357,106 Unsubordinated negotiable Obligations 4,282,707 1,803,768 6,086,475 3,311,927 11,005,518 14,317,445 Current income tax liability — — — 1,217,233 — 1,217,233 Subordinated negotiable obligations 1,314,985 804,903 2,119,888 40,227 2,088,532 2,128,759 Provisions 21,720 655,298 677,018 17,908 115,795 133,703 Deferred income tax liability 506,291 — 506,291 9,032 334,554 343,586 Other non-financial liabilities 6,527,529 1,681,385 8,208,914 7,066,054 1,248,585 8,314,639 TOTAL LIABILITIES 119,412,739 5,836,557 125,249,296 175,390,608 16,539,807 191,930,415

OFFSETTING OF FINANCIAL ASSET_2

OFFSETTING OF FINANCIAL ASSET AND LIABILITIES (Tables)	12 Months Ended
	Dec. 31, 2019
OFFSETTING OF FINANCIAL ASSET AND LIABILITIES
Schedule of Assets and Liabilities Subject to a Master Netting Arrangement Not Offset	Net in Financial Amounts subject to a master Gross Amount Statements netting arrangement not offset 12/31/2019 amount (a) offset (b) (c) = (a) – (b) Financial asset / (Financial liability) Collateral Net amount Credit cards transactions — — — (2,288,756) 607,592 (1,681,164) Derivatives instruments 310,969 (53,382) 257,587 — — — Total 310,969 (53,382) 257,587 (2,288,756) 607,592 (1,681,164) Net in Financial Amounts subject to a master Gross Amount Statements netting arrangement not offset 12/31/2018 amount (a) offset (b) (c) = (a) – (b) Financial asset / (Financial liability) Collateral Net amount Credit cards transactions — — — (2,979,844) 816,006 (2,163,838) Total — — — (2,979,844) 816,006 (2,163,838)

MINIMUM CAPITAL REQUIREMENTS (T

MINIMUM CAPITAL REQUIREMENTS (Tables)	12 Months Ended
	Dec. 31, 2019
MINIMUM CAPITAL REQUIREMENTS
Schedule of minimum capital requirement in accordance with the rules of Agrentine Cental Bank	Year ended December 31,(2) 2019 2018 2017 (in thousands of Pesos except percentages and ratios) Calculation of excess capital: Allocated to assets at risk 7,164,842 6,090,341 4,710,391 Allocated to Bank premises and equipment, intangible assets and equity investment assets 826,133 370,233 191,549 Market risk 251,739 301,724 121,155 Interest rate risk — — — Public sector and securities in investment account 11,472 96,882 131,109 Operational risk 2,349,952 1,486,516 1,016,501 Required minimum capital under Central Bank rules 10,604,138 8,345,696 6,170,705 Basic net worth 16,991,091 11,847,865 9,903,099 Complementary net worth 1,033,734 1,163,939 913,256 Deductions (2,999,716) (867,798) (386,192) Total capital under Central Bank rules 15,025,109 12,144,006 10,430,163 Excess capital 4,420,971 3,798,310 4,259,458 Selected capital and liquidity ratios: Regulatory capital/risk weighted assets (1) 11.6 % 11.90 % 13.9 % Average shareholders’ equity as a percentage of average total assets 10.4 % 9.9 % 10.5 % Total liabilities as a multiple of total shareholders’ equity 7.1 X 9.4 X 8.2 X Cash as a percentage of total deposits 28.2 % 35.1 % 18.2 % Tier 1 Capital / Risk weighted assets 10.8 % 10.8 % 12.6 % (1) Risk Weighted Assets includes operational risk weighted assets, market risk weighted assets, and credit risk weighted assets. Operational risk weighted assets and market risk weighted assets are calculated by multiplying their respective required minimum capital under Central Bank rules by 12.5. Credit Risk Weighted Assets is calculated by applying the respective credit risk weights to our assets, following Central Bank rules. (2) Nominal values without inflation adjustment.

ACCOUNTING STANDARDS AND BASI_4

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - IAS 29 (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
ACCOUNTING STANDARDS AND BASIS OF PREPARATION
Annual	53.80%	47.60%	24.80%	34.60%
Accumulated 3 years	183.40%	148.00%	96.80%	102.30%

ACCOUNTING STANDARDS AND BASI_5

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - IFRS 16 (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases
Operating lease commitments disclosed as at December 31, 2018			$ 1,933,167
Discounted using the lessee's incremental borrowing rate of at the date of initial application	$ 946,390	$ 1,354,278	1,354,278
Lease liability recognised	946,390	1,354,278	1,354,278
Current lease liabilities	467,977	596,813	596,813
Non-current lease liabilities	$ 478,413	$ 757,465	$ 757,465
Argentina, Pesos [member]
Leases
Weighted average lessee's incremental borrowing rate		44.26%
US Dollar [member]
Leases
Weighted average lessee's incremental borrowing rate		14.36%
Increase due to application of IFRS 16.
Leases
Discounted using the lessee's incremental borrowing rate of at the date of initial application		$ 1,354,278
Lease liability recognised		1,354,278
Right-of-use assets		$ 1,354,278

ACCOUNTING STANDARDS AND BASI_6

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Subsidiaries (Details)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Banco Supervielle S.A.
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	99.90%	99.89%	99.88%
Proportion of voting rights held in subsidiary	9987.00%	9987.00%	9986.00%
Cordial Compania Financiera S.A.
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	99.90%	99.90%	99.89%
Tarjeta Automatica S.A. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	99.99%	99.99%	99.99%
Supervielle asset management S.A.[member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%	100.00%
SofitalS.A.F. e I.I. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%	100.00%
Espacio Cordial de Servicios S.A. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%	100.00%
Supervielle Seguros S.A. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%	100.00%
Micro Lending S.A.U. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%
Invertir Online S.A.U. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%
Invertir Online.Com Argentina S.A.U. [member]
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%	100.00%
Supervielle Productores Asesores de Seguros S.A
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%
Bolsillo Digital S.A.U.
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%
Futuros del Sur S.A.
Subsidiaries included in the consolidation
Percentage of direct and indirect investment in capital stock	100.00%

ACCOUNTING STANDARDS AND BASI_7

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Structured Entities (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Financial assets	$ 133,142,903	$ 206,213,605
Other assets	1,294,351	1,367,029
Total Assets	148,684,691	218,032,810	$ 208,027,788
LIABILITIES
Financial liabilities	115,857,073	181,921,254
Other liabilities	8,208,914	8,314,639
Total Liabilities	125,249,296	191,930,415	$ 176,812,473
Consolidated structured entities [member]
ASSETS
Loans	1,594,664	1,584,904
Financial assets	108,839	215,164
Other assets	291,691	194,075
Total Assets	1,995,194	1,994,143
LIABILITIES
Financial liabilities	1,424,480	1,374,000
Other liabilities	41,630	228,518
Total Liabilities	$ 1,466,110	$ 1,602,518

ACCOUNTING STANDARDS AND BASI_8

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Cash and Cash Equivalents (Detail) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ACCOUNTING STANDARDS AND BASIS OF PREPARATION
Cash and due from banks	$ 26,403,099	$ 51,822,372	$ 25,205,323
Debt securities at fair value through profit or loss	568,501	19,434,329	21,910,236
Money market funds	964,884	1,008,466	1,546,426
Cash and cash equivalents	$ 27,936,484	$ 72,265,167	$ 48,661,985

ACCOUNTING STANDARDS AND BASI_9

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Reconciliation Of Statement of Financial Position and Statement of Cash Flow (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash and due from Banks
Cash and due from banks	$ 26,403,099	$ 51,822,372	$ 25,205,323
As per the Statement of Cash Flows	26,403,099	51,822,372	25,205,323
Debt securities at fair value through profit or loss
As per Statement of Financial Position	568,501	23,247,329	25,902,184
Securities not considered as cash equivalents		(3,813,000)	(3,991,948)
As per the Statement of Cash Flows	568,501	19,434,329	21,910,236
Money Market Funds
As per Statement of Financial Position - Other financial assets	2,096,866	2,612,157	3,674,741
Other financial assets not considered as cash equivalents	(1,131,982)	(1,603,691)	(2,128,315)
As per the Statement of Cash Flow	$ 964,884	$ 1,008,466	$ 1,546,426

ACCOUNTING STANDARDS AND BAS_10

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Financing Activities (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019ARS ($)
Reconciliation of financing activities
Beginning of year	$ 28,803,310
Inflows	118,981,419
Outflows	(133,366,034)
Other non-cash movements	3,751,654
End of year	18,170,349
Unsubordinated Negotiable Obligations
Reconciliation of financing activities
Beginning of year	14,317,445
Inflows	8,412,283
Outflows	(17,365,599)
Other non-cash movements	722,346
End of year	6,086,475
Subordinated negotiable obligations [member]
Reconciliation of financing activities
Beginning of year	2,128,759
Outflows	(842,966)
Other non-cash movements	834,095
End of year	2,119,888
Financing received from the Argentine Central Bank and other financial institutions
Reconciliation of financing activities
Beginning of year	12,357,106
Inflows	110,569,136
Outflows	(113,905,868)
Other non-cash movements	(2,777)
End of year	9,017,597
Lease Liabilities
Reconciliation of financing activities
Outflows	(1,251,601)
Other non-cash movements	2,197,990
End of year	$ 946,389

ACCOUNTING STANDARDS AND BAS_11

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Allowance for Loan Losses (Details)	12 Months Ended
	Dec. 31, 2019ARS ($)itemsegment
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Number of segments | segment	3
Number of scenarios considered to estimate credit losses | item	3
Accounts period past due is to consider delinquent	90 days
Accounts period past due is to consider delinquent	30 days
Retail [member] | Bottom of range
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Past due accounts that raises significant increase in credit risk	31 days
Retail [member] | Top of range
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Past due accounts that raises significant increase in credit risk	90 days
Corporate [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Probably of default that raises significant increase in credit risk	30.00%
Consumer [member] | Bottom of range
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Past due accounts that raises significant increase in credit risk	31 days
Consumer [member] | Top of range
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Past due accounts that raises significant increase in credit risk	90 days
Scenario one [member] | Retail [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Real Wage	0.21
Private sector real wage	50.28%
Scenario one [member] | Corporate [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Interest Rate	32.48%
Scenario one [member] | Consumer [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Monthly Economic Activity Estimator	140.85
Scenario Two [member] | Retail [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Real Wage	2.37
Private sector real wage	41.39%
Scenario Two [member] | Corporate [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Interest Rate	32.41%
Scenario Two [member] | Consumer [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Monthly Economic Activity Estimator	151.52
Scenario Three [member] | Retail [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Real Wage	(1.67)
Private sector real wage	51.63%
Scenario Three [member] | Corporate [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Interest Rate	40.55%
Scenario Three [member] | Consumer [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Monthly Economic Activity Estimator	135.86

ACCOUNTING STANDARDS AND BAS_12

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Software (Detail)	12 Months Ended
	Dec. 31, 2019
Computer software [member] | Top of range
Software
Estimated useful life	5 years

ACCOUNTING STANDARDS AND BAS_13

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Probabilities (Detail)	12 Months Ended
	Dec. 31, 2019
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Probability of occurrences	5.00%
Scenario one [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Probability of occurrences	80.00%
Scenario Two [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Probability of occurrences	10.00%
Scenario Three [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Probability of occurrences	10.00%

ACCOUNTING STANDARDS AND BAS_14

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - ECL Sensitivity (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Reported ECL allowance	$ 6,751,939
Financial assets	$ 133,142,903	$ 206,213,605
Reported ECL Coverage	7.13%
Favorable [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Reported ECL allowance	$ 6,702,980
Expected credit loss rate	7.07%
Unfavorable [member]
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Reported ECL allowance	$ 6,779,811
Expected credit loss rate	7.15%
Gross carrying amount
Disclosure of Primary Macroeconomic Drivers of Credit Losses [line items]
Financial assets	$ 94,761,950

ACCOUNTING STANDARDS AND BAS_15

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Useful Life for Property, Plant and Equipment (Detail)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Buildings [member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	50 years
Furnitures [Member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	10 years
Machinery and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	5 years	5 years
Vehicles [member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	5 years	5 years
Other property, plant and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
Estimated useful life	5 years

ACCOUNTING STANDARDS AND BAS_16

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Reserves (Detail)	Dec. 31, 2019
ACCOUNTING STANDARDS AND BASIS OF PREPARATION
Current income required to be appropriate to legal reserve (as a percent)	5.00%
Required legal reserve, as percent to capital stock and capital adjustment	20.00%

ACCOUNTING STANDARDS AND BAS_17

ACCOUNTING STANDARDS AND BASIS OF PREPARATION - Income Tax (Detail)	12 Months Ended
	Dec. 31, 2019item
ACCOUNTING STANDARDS AND BASIS OF PREPARATION
Minimum effective tax rate on computable assets	1.00%
Number of tax liability	2
Period excess minimum tax can be carry over as payment of income tax	10 years

CRITICAL ACCOUNTING POLICIES _2

CRITICAL ACCOUNTING POLICIES AND ESTIMATES (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2018	Dec. 31, 2017
CRITICAL ACCOUNTING POLICIES AND ESTIMATES
Loss resulting from consolidated structured entities	$ 1,323,491,227	$ 59,155

SEGMENT REPORTING (Details)

SEGMENT REPORTING (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure of operating segments [line items]
Cash and due from banks	$ 26,403,099	$ 51,822,372	$ 25,205,323
Debt securities at fair value through profit or loss	568,501	23,247,329	25,902,184
Loans and other financing	88,010,011	118,771,635	134,001,360
Other Assets	33,703,080	24,191,474	22,918,921
TOTAL ASSETS	148,684,691	218,032,810	208,027,788
Deposits	89,008,177	145,996,201	128,119,290
Financing received from the Argentine Central Bank and others	9,017,597	12,357,106	8,008,155
Negotiable obligations	6,086,475	14,317,445	19,507,851
Other liabilities	21,137,047	19,259,663	21,177,177
TOTAL LIABILITIES	125,249,296	191,930,415	176,812,473
Interest income	44,794,595	46,790,036	34,250,524
Interest Expense	(34,913,451)	(26,787,390)	(12,782,957)
Net interest income	9,881,144	20,002,646	21,467,567
Net income from financial instruments at fair value through profit or loss	20,960,966	9,707,395	5,454,354
Exchange rate differences on gold and foreign currency	(324,070)	1,733,237	604,734
NIFFI And Exchange Rate Differences	20,636,896	11,440,632	6,059,088
Net Financial Income	30,518,040	31,443,278	27,526,655
Services Fee Income	8,599,607	9,118,706	9,327,965
Services Fee Expenses	(2,243,970)	(2,181,620)	(1,877,412)
Income from insurance activities	1,393,356	1,305,522	1,383,709
Net Service Fee Income	7,748,993	8,242,608	8,834,262
Subtotal	38,267,033	39,685,886	36,360,917
Result from exposure to changes in the purchasing power of money	(5,359,565)	(9,253,021)	(3,986,190)
Other operating income	2,755,267	3,805,134	2,827,476
Loan loss provisions	(7,736,868)	(7,967,031)	(6,204,348)
Net operating income	27,925,867	26,270,968	28,997,855
Personnel expenses	(14,164,289)	(13,504,300)	(13,439,165)
Administration expenses	(7,573,543)	(8,615,396)	(7,566,294)
Depreciations and impairment non-financial assets	(1,814,671)	(665,154)	(956,819)
Other operating expenses	(6,358,291)	(6,633,161)	(6,394,542)
Operating (loss) / income	(1,984,927)	(3,147,043)	641,035
Result before taxes	(1,984,927)	(3,147,043)	641,035
Income tax	(168,695)	(1,555,074)	(1,802,869)
Net (loss) / income	(2,153,622)	(4,702,117)	(1,161,834)
Net (loss) / income for the year attributable to owners of the parent company	(2,151,600)	(4,658,050)	(1,160,465)
Net loss for the year attributable to non-controlling interest	(2,022)	(44,067)	(1,369)
Other comprehensive (loss) / income	(47,833)	371,617	72,120
Other comprehensive (loss) / income attributable to owners of the parent company	(47,701)	371,231	72,100
Other comprehensive (loss) income attributable to non-controlling interest	(132)	386	20
Comprehensive (loss) / income for the year	(2,201,455)	(4,330,500)	(1,089,714)
Comprehensive (loss) / income attributable to owners of the parent company	(2,199,301)	(4,286,819)	(1,088,365)
Comprehensive income (loss) attributable to non-controlling interest	(2,154)	(43,681)	(1,349)
Adjustments
Disclosure of operating segments [line items]
Cash and due from banks	(1,927,446)	(763,563)	(20,592)
Debt securities at fair value through profit or loss			677,370
Loans and other financing	(1,416,097)	(4,192,330)	(4,347,840)
Other Assets	7,703,949	9,387,709	5,180,855
TOTAL ASSETS	4,360,406	4,431,816	1,489,793
Deposits	(2,353,862)	(1,181,925)	(390,330)
Financing received from the Argentine Central Bank and others	(989,524)	(4,160,160)	(97,680)
Negotiable obligations		820,087	553,573
Other liabilities	4,126,683	4,825,996	(10,242,223)
TOTAL LIABILITIES	783,297	303,998	(10,176,660)
Interest income	(1,517,227)	(1,322,399)	(968,139)
Interest Expense	1,754,346	1,346,134	1,049,288
Net interest income	237,119	23,735	81,149
Net income from financial instruments at fair value through profit or loss	144,917	1,561,749	1,392,537
Exchange rate differences on gold and foreign currency	10,617	(33,877)	7,766
NIFFI And Exchange Rate Differences	155,534	1,527,872	1,400,303
Net Financial Income	392,653	1,551,607	1,481,452
Services Fee Income	(242,695)	(64,366)	199,170
Services Fee Expenses	64,925	29,114	(345,668)
Income from insurance activities	197,776	279,531	399,914
Net Service Fee Income	20,006	244,279	253,416
Subtotal	412,659	1,795,886	1,734,868
Result from exposure to changes in the purchasing power of money	547,075	(2,019,109)	(892,463)
Other operating income	(24,611)	(174,812)	(1,109,125)
Loan loss provisions			(6,852)
Net operating income	935,123	(398,035)	(273,572)
Personnel expenses	(155,006)	(324,340)	(99,825)
Administration expenses	(1,342)	22,969	808,100
Depreciations and impairment non-financial assets	(55,853)	(30,641)	(93)
Other operating expenses	(13,083)	(19,908)	(32,308)
Operating (loss) / income	709,839	(749,955)	402,302
Income from associates and joint ventures	(3,357)	6,881	(10,411)
Result before taxes	706,482	(743,074)	391,891
Income tax	(431,735)	(510,010)	(17,901)
Net (loss) / income	274,747	(1,253,084)	373,990
Net (loss) / income for the year attributable to owners of the parent company	276,769	(1,249,735)	376,658
Net loss for the year attributable to non-controlling interest	(2,022)	(3,349)	(2,668)
Other comprehensive (loss) / income	1	21,958	(3,450)
Other comprehensive (loss) / income attributable to owners of the parent company	133	21,572	(3,470)
Other comprehensive (loss) income attributable to non-controlling interest	(132)	386	20
Comprehensive (loss) / income for the year	274,748	(1,231,126)	370,540
Comprehensive (loss) / income attributable to owners of the parent company	276,902	(1,228,163)	373,188
Comprehensive income (loss) attributable to non-controlling interest	(2,154)	(2,963)	(2,648)
Retail Banking [member] | Operating segments [member]
Disclosure of operating segments [line items]
Cash and due from banks	7,691,602	7,239,531	6,357,430
Loans and other financing	36,757,453	47,358,154	48,927,312
Other Assets	2,525,566	1,755,720	958,922
TOTAL ASSETS	46,974,621	56,353,405	56,243,664
Deposits	59,571,804	79,499,070	80,026,461
Financing received from the Argentine Central Bank and others	12,605	16,657	14,796
Negotiable obligations	108,506
Other liabilities	4,469,288	4,910,579	7,773,656
TOTAL LIABILITIES	64,162,203	84,426,306	87,814,913
Interest income	19,943,285	20,200,645	15,485,230
Interest Expense	(9,330,992)	(5,994,400)	(3,737,355)
Distribution of results by Treasury	4,735,940	1,148,153	2,662,554
Net interest income	15,348,233	15,354,398	14,410,429
Net income from financial instruments at fair value through profit or loss	10,257	70,152	(28,907)
Exchange rate differences on gold and foreign currency	1,910,742	1,270,863	365,444
NIFFI And Exchange Rate Differences	1,920,999	1,341,015	336,537
Net Financial Income	17,269,232	16,695,413	14,746,966
Services Fee Income	5,457,779	5,418,126	5,722,307
Services Fee Expenses	(1,453,790)	(1,232,265)	(1,250,037)
Net Service Fee Income	4,003,989	4,185,861	4,472,270
Subtotal	21,273,221	20,881,274	19,219,236
Result from exposure to changes in the purchasing power of money	(1,577,053)	(1,835,081)	(948,332)
Other operating income	1,119,911	1,486,750	1,806,462
Loan loss provisions	(2,919,371)	(2,557,593)	(2,165,779)
Net operating income	17,896,708	17,975,350	17,911,587
Personnel expenses	(9,762,313)	(8,803,439)	(8,925,324)
Administration expenses	(4,902,930)	(5,652,992)	(5,409,736)
Depreciations and impairment non-financial assets	(1,306,002)	(398,291)	(589,546)
Other operating expenses	(3,399,168)	(3,557,128)	(3,993,643)
Operating (loss) / income	(1,473,705)	(436,500)	(1,006,662)
Result before taxes	(1,473,705)	(436,500)	(1,006,662)
Income tax	10,427	(337,442)	(184,935)
Net (loss) / income	(1,463,278)	(773,942)	(1,191,597)
Net (loss) / income for the year attributable to owners of the parent company	(1,463,278)	(733,224)	(1,192,896)
Net loss for the year attributable to non-controlling interest		(40,718)	1,299
Other comprehensive (loss) / income	(37,056)	(24,855)	6,998
Other comprehensive (loss) / income attributable to owners of the parent company	(37,056)	(24,855)	6,998
Comprehensive (loss) / income for the year	(1,500,334)	(798,797)	(1,184,599)
Comprehensive (loss) / income attributable to owners of the parent company	(1,500,334)	(758,079)	(1,185,898)
Comprehensive income (loss) attributable to non-controlling interest		(40,718)	1,299
Corporate Banking [member] | Operating segments [member]
Disclosure of operating segments [line items]
Cash and due from banks	1,022,915	500,337	590,773
Loans and other financing	43,426,550	59,764,723	68,919,197
Other Assets	1,335,130	123,346	27,501
TOTAL ASSETS	45,784,595	60,388,406	69,537,471
Deposits	14,479,560	14,492,455	10,482,457
Financing received from the Argentine Central Bank and others		11,095,730	6,253,027
Negotiable obligations	76,568
Other liabilities	1,660,750	1,554,733	1,948,346
TOTAL LIABILITIES	16,216,878	27,142,918	18,683,830
Interest income	16,620,870	16,516,702	9,193,774
Interest Expense	(2,914,797)	(2,040,304)	(451,503)
Distribution of results by Treasury	(6,707,314)	(6,594,932)	(5,253,561)
Net interest income	6,998,759	7,881,466	3,488,710
Exchange rate differences on gold and foreign currency	206,955	123,169	(104,511)
NIFFI And Exchange Rate Differences	206,955	123,169	(104,511)
Net Financial Income	7,205,714	8,004,635	3,384,199
Services Fee Income	922,499	831,023	1,130,057
Services Fee Expenses	(122,345)	(103,137)	(59,582)
Net Service Fee Income	800,154	727,886	1,070,475
Subtotal	8,005,868	8,732,521	4,454,674
Result from exposure to changes in the purchasing power of money	(1,863,177)	(2,365,062)	(1,153,660)
Other operating income	735,451	1,415,572	604,994
Loan loss provisions	(3,586,981)	(1,332,146)	(445,109)
Net operating income	3,291,161	6,450,885	3,460,899
Personnel expenses	(1,826,316)	(1,574,602)	(1,653,483)
Administration expenses	(659,642)	(730,139)	(684,388)
Depreciations and impairment non-financial assets	(265,234)	(127,812)	(130,233)
Other operating expenses	(1,698,769)	(1,570,475)	(1,028,888)
Operating (loss) / income	(1,158,800)	2,447,857	(36,093)
Result before taxes	(1,158,800)	2,447,857	(36,093)
Income tax	1,523	(635,966)	(222,877)
Net (loss) / income	(1,157,277)	1,811,891	(258,970)
Net (loss) / income for the year attributable to owners of the parent company	(1,157,277)	1,811,891	(258,970)
Other comprehensive (loss) / income	(26,149)	189,655	7,879
Other comprehensive (loss) / income attributable to owners of the parent company	(26,149)	189,655	7,879
Comprehensive (loss) / income for the year	(1,183,426)	2,001,546	(251,091)
Comprehensive (loss) / income attributable to owners of the parent company	(1,183,426)	2,001,546	(251,091)
Treasury [member] | Operating segments [member]
Disclosure of operating segments [line items]
Cash and due from banks	16,870,526	43,851,308	18,104,666
Debt securities at fair value through profit or loss	312,306	22,984,545	25,052,554
Loans and other financing	3,720,408	4,345,135	5,133,358
Other Assets	17,533,288	8,711,917	11,909,500
TOTAL ASSETS	38,436,528	79,892,905	60,200,078
Deposits	15,676,584	50,620,684	36,399,868
Financing received from the Argentine Central Bank and others	8,998,732	1,209,680	1,398,610
Negotiable obligations	5,885,843	11,412,744	14,612,858
Other liabilities	4,344,219	2,981,986	11,403,533
TOTAL LIABILITIES	34,905,378	66,225,094	63,814,869
Interest income	4,504,500	2,777,378	2,150,111
Interest Expense	(21,148,187)	(16,754,056)	(6,995,270)
Distribution of results by Treasury	1,971,374	5,446,779	2,591,007
Net interest income	(14,672,313)	(8,529,899)	(2,254,152)
Net income from financial instruments at fair value through profit or loss	20,078,197	8,625,394	4,425,101
Exchange rate differences on gold and foreign currency	(2,483,544)	330,812	325,848
NIFFI And Exchange Rate Differences	17,594,653	8,956,206	4,750,949
Net Financial Income	2,922,340	426,307	2,496,797
Services Fee Income	36,923	40,506	41,992
Services Fee Expenses	(48,859)	(85,134)	(44,019)
Net Service Fee Income	(11,936)	(44,628)	(2,027)
Subtotal	2,910,404	381,679	2,494,770
Result from exposure to changes in the purchasing power of money	(393,524)	(1,562,400)	(469,255)
Other operating income	343,425	117,166	145,679
Loan loss provisions	24,645	(24,995)	(10,574)
Net operating income	2,884,950	(1,088,550)	2,160,620
Personnel expenses	(650,090)	(543,288)	(610,812)
Administration expenses	(310,553)	(283,864)	(323,670)
Depreciations and impairment non-financial assets	(71,296)	(28,250)	(152,759)
Other operating expenses	(510,621)	(439,465)	(351,944)
Operating (loss) / income	1,342,390	(2,383,417)	721,435
Result before taxes	1,342,390	(2,383,417)	721,435
Income tax	17,516	(138,783)	(583,091)
Net (loss) / income	1,359,906	(2,522,200)	138,344
Net (loss) / income for the year attributable to owners of the parent company	1,359,906	(2,522,200)	138,344
Other comprehensive (loss) / income	(65,995)	186,199	2,889
Other comprehensive (loss) / income attributable to owners of the parent company	(65,995)	186,199	2,889
Comprehensive (loss) / income for the year	1,293,911	(2,336,001)	141,233
Comprehensive (loss) / income attributable to owners of the parent company	1,293,911	(2,336,001)	141,233
Consumer [member] | Operating segments [member]
Disclosure of operating segments [line items]
Cash and due from banks	321,145	94,475	165,664
Debt securities at fair value through profit or loss	92,762		172,260
Loans and other financing	5,036,973	9,862,852	15,113,729
Other Assets	2,975,202	2,669,278	3,251,455
TOTAL ASSETS	8,426,082	12,626,605	18,703,108
Deposits	1,634,091	2,565,917	1,600,834
Financing received from the Argentine Central Bank and others	949,764	3,911,307	439,402
Negotiable obligations		2,005,981	4,341,420
Other liabilities	3,194,412	2,654,830	9,535,194
TOTAL LIABILITIES	5,778,267	11,138,035	15,916,850
Interest income	5,020,100	8,099,756	8,389,548
Interest Expense	(3,140,068)	(2,996,575)	(2,648,088)
Net interest income	1,880,032	5,103,181	5,741,460
Net income from financial instruments at fair value through profit or loss	243,387	(899,758)	(634,803)
Exchange rate differences on gold and foreign currency	8,202	6,847	8,356
NIFFI And Exchange Rate Differences	251,589	(892,911)	(626,447)
Net Financial Income	2,131,621	4,210,270	5,115,013
Services Fee Income	1,787,165	2,215,442	1,721,223
Services Fee Expenses	(653,485)	(758,049)	(178,106)
Net Service Fee Income	1,133,680	1,457,393	1,543,117
Subtotal	3,265,301	5,667,663	6,658,130
Result from exposure to changes in the purchasing power of money	(838,689)	(885,652)	(264,439)
Other operating income	417,651	812,447	1,378,346
Loan loss provisions	(1,292,881)	(3,934,373)	(3,576,034)
Net operating income	1,551,382	1,660,085	4,196,003
Personnel expenses	(1,278,332)	(1,791,966)	(1,887,567)
Administration expenses	(1,169,952)	(1,436,941)	(1,717,251)
Depreciations and impairment non-financial assets	(100,299)	(70,023)	(76,898)
Other operating expenses	(635,888)	(963,097)	(964,378)
Operating (loss) / income	(1,633,089)	(2,601,942)	(450,091)
Income from associates and joint ventures	3,357	(6,881)	10,411
Result before taxes	(1,629,732)	(2,608,823)	(439,680)
Income tax	541,324	361,888	(398,280)
Net (loss) / income	(1,088,408)	(2,246,935)	(837,960)
Net (loss) / income for the year attributable to owners of the parent company	(1,088,408)	(2,246,935)	(837,960)
Other comprehensive (loss) / income		318	(111)
Other comprehensive (loss) / income attributable to owners of the parent company		318	(111)
Comprehensive (loss) / income for the year	(1,088,408)	(2,246,617)	(838,071)
Comprehensive (loss) / income attributable to owners of the parent company	(1,088,408)	(2,246,617)	(838,071)
Insurance [member] | Operating segments [member]
Disclosure of operating segments [line items]
Cash and due from banks	3,385	4,823	6,841
Debt securities at fair value through profit or loss		153,895
Loans and other financing	453,978	706,712	216,278
Other Assets	1,091,343	573,006	1,155,018
TOTAL ASSETS	1,548,706	1,438,436	1,378,137
Other liabilities	757,986	595,742	554,777
TOTAL LIABILITIES	757,986	595,742	554,777
Interest income		60,224
Net interest income		60,224
Net income from financial instruments at fair value through profit or loss	386,589	265,112	235,516
Exchange rate differences on gold and foreign currency	1,233	(8)
NIFFI And Exchange Rate Differences	387,822	265,104	235,516
Net Financial Income	387,822	325,328	235,516
Income from insurance activities	1,195,580	1,025,991	983,795
Net Service Fee Income	1,195,580	1,025,991	983,795
Subtotal	1,583,402	1,351,319	1,219,311
Result from exposure to changes in the purchasing power of money	(884,821)	(399,486)	(217,545)
Other operating income	7,485	6,636	4,890
Net operating income	706,066	958,469	1,006,656
Personnel expenses	(187,524)	(171,808)	(169,025)
Administration expenses	(263,978)	(233,661)	(214,828)
Depreciations and impairment non-financial assets	(9,366)	(7,522)	(7,024)
Other operating expenses	(1,229)	(1,021)	(2,598)
Operating (loss) / income	243,969	544,457	613,181
Result before taxes	243,969	544,457	613,181
Income tax	(221,592)	(236,071)	(244,960)
Net (loss) / income	22,377	308,386	368,221
Net (loss) / income for the year attributable to owners of the parent company	22,377	308,386	368,221
Other comprehensive (loss) / income	81,366	(1,658)	57,915
Other comprehensive (loss) / income attributable to owners of the parent company	81,366	(1,658)	57,915
Comprehensive (loss) / income for the year	103,743	306,728	426,136
Comprehensive (loss) / income attributable to owners of the parent company	103,743	306,728	426,136
Adm. MF and other segments [member] | Operating segments [member]
Disclosure of operating segments [line items]
Cash and due from banks	2,420,972	895,461	541
Debt securities at fair value through profit or loss	163,433	108,889
Loans and other financing	30,746	926,389	39,326
Other Assets	538,602	970,498	435,670
TOTAL ASSETS	3,153,753	2,901,237	475,537
Financing received from the Argentine Central Bank and others	46,020	283,892
Negotiable obligations	15,558	78,633
Other liabilities	2,583,709	1,735,797	203,894
TOTAL LIABILITIES	2,645,287	2,098,322	203,894
Interest income	223,067	457,730
Interest Expense	(133,753)	(348,189)	(29)
Net interest income	89,314	109,541	(29)
Net income from financial instruments at fair value through profit or loss	97,619	84,746	64,910
Exchange rate differences on gold and foreign currency	21,725	35,431	1,831
NIFFI And Exchange Rate Differences	119,344	120,177	66,741
Net Financial Income	208,658	229,718	66,712
Services Fee Income	637,936	677,975	513,216
Services Fee Expenses	(30,416)	(32,149)
Net Service Fee Income	607,520	645,826	513,216
Subtotal	816,178	875,544	579,928
Result from exposure to changes in the purchasing power of money	(349,376)	(186,231)	(40,496)
Other operating income	155,955	141,375	(3,770)
Loan loss provisions	37,720	(117,924)
Net operating income	660,477	712,764	535,662
Personnel expenses	(304,708)	(294,857)	(93,129)
Administration expenses	(265,146)	(300,768)	(24,521)
Depreciations and impairment non-financial assets	(6,621)	(2,615)	(266)
Other operating expenses	(99,533)	(82,067)	(20,783)
Operating (loss) / income	(15,531)	32,457	396,963
Result before taxes	(15,531)	32,457	396,963
Income tax	(86,158)	(58,690)	(150,825)
Net (loss) / income	(101,689)	(26,233)	246,138
Net (loss) / income for the year attributable to owners of the parent company	(101,689)	(26,233)	246,138
Comprehensive (loss) / income for the year	(101,689)	(26,233)	246,138
Comprehensive (loss) / income attributable to owners of the parent company	$ (101,689)	$ (26,233)	$ 246,138

INCOME TAX - Tas rates (Details

INCOME TAX - Tas rates (Details)	Jan. 01, 2021	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAX
Inflation adjustment allocated to first year (as a percent)		17.00%
Inflation adjustment allocated to next five years (as a percent)		83.00%
Applicable tax rate	30.00%	30.00%	30.00%	35.00%
Tax rate on dividends	7.00%

INCOME TAX - Reconciliation of

INCOME TAX - Reconciliation of statutory income tax rate (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAX
Current income tax	$ 412,963	$ 741,754	$ 2,043,564
Income tax - deferred method	244,268	(813,320)	240,695
Income tax allotted in the Income Statement	(168,695)	(1,555,074)	(1,802,869)
Income tax allotted in Other comprehensive income	7,716	(123,042)	(32,434)
Total Income Tax Charge	$ (160,979)	$ (1,678,115)	$ (1,835,303)

INCOME TAX - Reconciliation bet

INCOME TAX - Reconciliation between the tax rate applied and relevant tax rate (Details) - ARS ($) $ in Thousands	Jan. 01, 2021	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
INCOME TAX
Income before taxes		$ (1,984,927)	$ (3,147,043)	$ 641,035
Tax rate	30.00%	30.00%	30.00%	35.00%
Income for the year at tax rate		$ 595,478	$ 944,113	$ (224,362)
Result from exposure to changes in the purchasing power of money		(1,607,870)	(2,818,203)	(1,395,167)
Deductible investments		(57,216)	(323,526)	(41,307)
Tax inflation adjustment		(1,775,525)		397,406
Others		(989,044)	(4,510)	172,759
Income tax allotted in the Income Statement		$ (168,695)	$ (1,555,074)	$ (1,802,869)

INCOME TAX - Net position of de

INCOME TAX - Net position of deferred tax (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Deferred tax assets / (liabilities)
Deferred tax assets	$ 1,671,195	$ 1,264,222
Deferred tax liability	(506,291)	(343,586)
Deferred tax assets	1,671,195	1,264,222
Deferred taxes	(506,291)	(343,586)
Total Net Assets by deferred Tax	1,164,904	920,636	$ 1,733,956
Later than one year [member]
Deferred tax assets / (liabilities)
Deferred tax assets	1,515,532	1,254,526
Deferred tax liability		(334,554)
Deferred tax assets	(1,515,532)	(1,154,710)
Deferred taxes		(237,571)
Up to 1 year [member]
Deferred tax assets / (liabilities)
Deferred tax assets	155,663	9,696
Deferred tax liability	(506,291)	(9,032)
Deferred tax assets	155,663	109,512
Deferred taxes	$ (506,291)	$ (106,015)

INCOME TAX - Deferred tax asset

INCOME TAX - Deferred tax assets / (liabilities) (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Deferred tax assets / (liabilities)
Beginning Balance	$ 920,636	$ 1,733,956
(Charge)/Credit to Income	244,268	(813,320)
Ending Balance	1,164,904	920,636
Intangible asset [member]
Deferred tax assets / (liabilities)
Beginning Balance	(384,706)	(74,203)
(Charge)/Credit to Income	(317,274)	(310,503)
Ending Balance	(701,980)	(384,706)
Retirement plan [member]
Deferred tax assets / (liabilities)
Beginning Balance	88,468	407,656
(Charge)/Credit to Income	(4,003)	(319,188)
Ending Balance	84,465	88,468
Loan loss reserves [member]
Deferred tax assets / (liabilities)
Beginning Balance	1,609,515	1,311,637
(Charge)/Credit to Income	(688,632)	297,878
Ending Balance	920,883	1,609,515
Property, plant and equipment [member]
Deferred tax assets / (liabilities)
Beginning Balance	(517,564)	(273,683)
(Charge)/Credit to Income	(389,819)	(243,881)
Ending Balance	(907,383)	(517,564)
Foreign currency [member]
Deferred tax assets / (liabilities)
Beginning Balance	(126,045)	(121,998)
(Charge)/Credit to Income	64,558	(4,047)
Ending Balance	(61,487)	(126,045)
Loss carry forwards [member]
Deferred tax assets / (liabilities)
Beginning Balance	247,083
(Charge)/Credit to Income	(82,059)	247,083
Ending Balance	165,024	247,083
Inflation Adjustment Credit [Member]
Deferred tax assets / (liabilities)
(Charge)/Credit to Income	1,492,842
Ending Balance	1,492,842
Provisions
Deferred tax assets / (liabilities)
(Charge)/Credit to Income	196,064
Ending Balance	196,064
Other deferred tax assets and liabilities [member]
Deferred tax assets / (liabilities)
Beginning Balance	3,885	484,547
(Charge)/Credit to Income	(27,409)	(480,662)
Ending Balance	$ (23,524)	$ 3,885

FINANCIAL INSTRUMENTS (Details)

FINANCIAL INSTRUMENTS (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets
Total Assets	$ 133,142,903	$ 206,213,605
Liabilities
Financial liabilities	115,857,073	181,921,254
Financial assets at fair value through profit or loss [member]
Assets
Total Assets	6,887,865	26,209,518
Financial assets at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss [member]
Liabilities
Financial liabilities	6,186,292	5,053,361
Financial assets at amortized cost [member]
Assets
Total Assets	119,075,084	179,817,414
Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	109,670,781	176,867,893
Financial assets at fair value through other comprehensive income [member]
Assets
Total Assets	7,179,954	186,673
Deposits [member]
Liabilities
Financial liabilities	89,008,177	145,996,201
Deposits [member] | Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	89,008,177	145,996,201
Liabilities at fair value through profit or loss
Liabilities
Financial liabilities	189,554	412,403
Liabilities at fair value through profit or loss | Financial assets at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss [member]
Liabilities
Financial liabilities	189,554	412,403
Derivatives [member]
Liabilities
Financial liabilities	319,817	144,944
Derivatives [member] | Financial assets at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss [member]
Liabilities
Financial liabilities		144,944
Derivatives [member] | Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	319,817
Other financial liabilities
Liabilities
Financial liabilities	9,115,565	6,564,396
Other financial liabilities | Financial assets at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss [member]
Liabilities
Financial liabilities	5,996,738	4,472,991
Other financial liabilities | Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	3,118,827	2,091,405
Financing received from the Argentine Central Bank and other financial institutions
Liabilities
Financial liabilities	9,017,597	12,357,106
Financing received from the Argentine Central Bank and other financial institutions | Financial assets at fair value through profit or loss [member] | Financial liabilities at fair value through profit or loss [member]
Liabilities
Financial liabilities		23,023
Financing received from the Argentine Central Bank and other financial institutions | Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	9,017,597	12,334,083
Unsubordinated Negotiable Obligations
Liabilities
Financial liabilities	6,086,475	14,317,445
Unsubordinated Negotiable Obligations | Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	6,086,475	14,317,445
Subordinated negotiable obligations [member]
Liabilities
Financial liabilities	2,119,888	2,128,759
Subordinated negotiable obligations [member] | Financial assets at amortized cost [member] | Financial liabilities at amortized cost [member]
Liabilities
Financial liabilities	2,119,888	2,128,759
Cash and due from banks
Assets
Total Assets	26,403,099	51,822,372
Cash and due from banks | Financial assets at fair value through profit or loss [member]
Assets
Total Assets	29,910	15,997
Cash and due from banks | Financial assets at amortized cost [member]
Assets
Total Assets	26,373,189	51,806,375
Debt securities at fair value through profit or loss
Assets
Total Assets	568,501	23,247,329
Debt securities at fair value through profit or loss | Financial assets at fair value through profit or loss [member]
Assets
Total Assets	568,501	23,247,329
Derivatives
Assets
Total Assets	257,587	24,496
Derivatives | Financial assets at fair value through profit or loss [member]
Assets
Total Assets	257,587	24,496
Other financial assets
Assets
Total Assets	2,096,866	2,612,157
Other financial assets | Financial assets at fair value through profit or loss [member]
Assets
Total Assets	1,101,531	23,181
Other financial assets | Financial assets at amortized cost [member]
Assets
Total Assets	995,335	2,588,976
Loans and other financing [member]
Assets
Total Assets	88,010,011	118,771,635
Loans and other financing [member] | Financial assets at amortized cost [member]
Assets
Total Assets	88,010,011	118,771,635
Other debt securities
Assets
Total Assets	10,458,556	6,631,861
Other debt securities | Financial assets at amortized cost [member]
Assets
Total Assets	3,287,385	6,458,727
Other debt securities | Financial assets at fair value through other comprehensive income [member]
Assets
Total Assets	7,171,171	173,134
Financial assets in guarantee
Assets
Total Assets	5,333,704	3,087,750
Financial assets in guarantee | Financial assets at fair value through profit or loss [member]
Assets
Total Assets	4,924,540	2,896,049
Financial assets in guarantee | Financial assets at amortized cost [member]
Assets
Total Assets	409,164	191,701
Investments in Equity Instruments
Assets
Total Assets	14,579	16,005
Investments in Equity Instruments | Financial assets at fair value through profit or loss [member]
Assets
Total Assets	5,796	2,466
Investments in Equity Instruments | Financial assets at fair value through other comprehensive income [member]
Assets
Total Assets	$ 8,783	$ 13,539

FAIR VALUES - Fair value of fin

FAIR VALUES - Fair value of financial instruments (Details) - At fair value [member] - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	$ 14,067,819	$ 26,396,191
Financial liabilities	6,186,292	5,053,361
Cash and due from banks
Disclosure of fair value measurement of assets and liability [line items]
Financial assets		15,997
Debt securities at fair value through profit or loss
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	568,501	23,247,329
Derivatives
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	257,587	24,496
Other financial assets
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	1,101,531	23,181
Other debt securities
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	7,171,171	173,134
Financial assets in guarantee
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	4,924,540	2,896,049
Investments in Equity Instruments
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	14,579	16,005
Liabilities at fair value through profit or loss
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities	189,554	412,403
Derivative instruments
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities		144,944
Other financial liabilities
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities	5,996,738	4,472,991
Financing received from the Argentine Central Bank and other financial institutions
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities		23,023
Level 1 of fair value hierarchy [member]
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	14,055,365	8,896,688
Financial liabilities	6,186,292	4,908,417
Level 1 of fair value hierarchy [member] | Cash and due from banks
Disclosure of fair value measurement of assets and liability [line items]
Financial assets		15,997
Level 1 of fair value hierarchy [member] | Debt securities at fair value through profit or loss
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	564,830	5,761,365
Level 1 of fair value hierarchy [member] | Derivatives
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	257,587	24,496
Level 1 of fair value hierarchy [member] | Other financial assets
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	1,101,531	23,181
Level 1 of fair value hierarchy [member] | Other debt securities
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	7,171,171	173,134
Level 1 of fair value hierarchy [member] | Financial assets in guarantee
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	4,924,540	2,896,049
Level 1 of fair value hierarchy [member] | Investments in Equity Instruments
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	5,796	2,466
Level 1 of fair value hierarchy [member] | Liabilities at fair value through profit or loss
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities	189,554	412,403
Level 1 of fair value hierarchy [member] | Other financial liabilities
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities	5,996,738	4,472,991
Level 1 of fair value hierarchy [member] | Financing received from the Argentine Central Bank and other financial institutions
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities		23,023
Level 2 of fair value hierarchy [member]
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	8,783	17,499,503
Financial liabilities		144,944
Level 2 of fair value hierarchy [member] | Debt securities at fair value through profit or loss
Disclosure of fair value measurement of assets and liability [line items]
Financial assets		17,485,964
Level 2 of fair value hierarchy [member] | Investments in Equity Instruments
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	8,783	13,539
Level 2 of fair value hierarchy [member] | Derivative instruments
Disclosure of fair value measurement of assets and liability [line items]
Financial liabilities		$ 144,944
Level 3 of fair value hierarchy [member]
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	3,671
Level 3 of fair value hierarchy [member] | Debt securities at fair value through profit or loss
Disclosure of fair value measurement of assets and liability [line items]
Financial assets	$ 3,671

FAIR VALUES - Level 3 Reconcili

FAIR VALUES - Level 3 Reconciliation (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019ARS ($)
Reconciliation of the financial instruments
Assets at beginning of period	$ 218,032,810
Assets at end of period	148,684,691
Level 3 of fair value hierarchy [member]
Reconciliation of the financial instruments
Transfers	3,671
Assets at end of period	$ 3,671

FAIR VALUES - Assets and Liabil

FAIR VALUES - Assets and Liabilities at Amortized Cost (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Fair value measurement
Financial liabilities at amortised cost	$ 6,086,475	$ 14,317,445
Carrying value [member]
Financial Assets
Financial assets at amortised cost	119,075,084	179,817,414
Fair value measurement
Financial liabilities at amortised cost	109,670,781	176,867,893
Carrying value [member] | Deposits [member]
Fair value measurement
Financial liabilities at amortised cost	89,008,177	145,996,201
Carrying value [member] | Repo transactions
Fair value measurement
Financial liabilities at amortised cost	319,817
Carrying value [member] | Other financial liabilities
Fair value measurement
Financial liabilities at amortised cost	3,118,827	2,091,405
Carrying value [member] | Financing received from the Argentine Central Bank and other financial institutions
Fair value measurement
Financial liabilities at amortised cost	9,017,597	12,334,083
Carrying value [member] | Unsubordinated Negotiable Obligations
Fair value measurement
Financial liabilities at amortised cost	6,086,475	14,317,445
Carrying value [member] | Subordinated negotiable obligations [member]
Fair value measurement
Financial liabilities at amortised cost	2,119,888	2,128,759
Carrying value [member] | Cash and due from banks
Financial Assets
Financial assets at amortised cost	26,373,189	51,806,375
Carrying value [member] | Other financial assets
Financial Assets
Financial assets at amortised cost	995,335	2,588,976
Carrying value [member] | Loans and other financing [member]
Financial Assets
Financial assets at amortised cost	88,010,011	118,771,635
Carrying value [member] | Other debt securities
Financial Assets
Financial assets at amortised cost	3,287,385	6,458,727
Carrying value [member] | Financial assets in guarantee
Financial Assets
Financial assets at amortised cost	409,164	191,701
At fair value [member]
Financial Assets
Financial assets at amortised cost	122,785,359	199,583,014
Fair value measurement
Financial liabilities at amortised cost	109,736,734	172,197,562
At fair value [member] | Level 1 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	31,147,859	61,053,722
Fair value measurement
Financial liabilities at amortised cost	11,948,838	16,487,086
At fair value [member] | Level 3 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	91,637,500	138,529,292
Fair value measurement
Financial liabilities at amortised cost	97,787,896	155,710,476
At fair value [member] | Deposits [member]
Fair value measurement
Financial liabilities at amortised cost	89,009,817	145,629,417
At fair value [member] | Deposits [member] | Level 3 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost	89,009,817	145,629,417
At fair value [member] | Repo transactions
Fair value measurement
Financial liabilities at amortised cost	319,817
At fair value [member] | Repo transactions | Level 1 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost	319,817
At fair value [member] | Other financial liabilities
Fair value measurement
Financial liabilities at amortised cost	3,174,432	2,091,405
At fair value [member] | Other financial liabilities | Level 1 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost	3,174,432	2,091,405
At fair value [member] | Financing received from the Argentine Central Bank and other financial institutions
Fair value measurement
Financial liabilities at amortised cost	8,778,079	10,134,114
At fair value [member] | Financing received from the Argentine Central Bank and other financial institutions | Level 1 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost		53,055
At fair value [member] | Financing received from the Argentine Central Bank and other financial institutions | Level 3 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost	8,778,079	10,081,059
At fair value [member] | Unsubordinated Negotiable Obligations
Fair value measurement
Financial liabilities at amortised cost	6,086,475	12,232,833
At fair value [member] | Unsubordinated Negotiable Obligations | Level 1 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost	6,086,475	12,232,833
At fair value [member] | Subordinated negotiable obligations [member]
Fair value measurement
Financial liabilities at amortised cost	2,368,114	2,109,793
At fair value [member] | Subordinated negotiable obligations [member] | Level 1 of fair value hierarchy [member]
Fair value measurement
Financial liabilities at amortised cost	2,368,114	2,109,793
At fair value [member] | Cash and due from banks
Financial Assets
Financial assets at amortised cost	26,373,189	51,806,375
At fair value [member] | Cash and due from banks | Level 1 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	26,373,189	51,806,375
At fair value [member] | Other financial assets
Financial Assets
Financial assets at amortised cost	995,335	2,588,976
At fair value [member] | Other financial assets | Level 1 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	995,335	2,588,976
At fair value [member] | Loans and other financing [member]
Financial Assets
Financial assets at amortised cost	91,637,500	138,529,292
At fair value [member] | Loans and other financing [member] | Level 3 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	91,637,500	138,529,292
At fair value [member] | Other debt securities
Financial Assets
Financial assets at amortised cost	3,370,171	6,466,670
At fair value [member] | Other debt securities | Level 1 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	3,370,171	6,466,670
At fair value [member] | Financial assets in guarantee
Financial Assets
Financial assets at amortised cost	409,164	191,701
At fair value [member] | Financial assets in guarantee | Level 1 of fair value hierarchy [member]
Financial Assets
Financial assets at amortised cost	$ 409,164	$ 191,701

FAIR VALUES - Fair Equity Instr

FAIR VALUES - Fair Equity Instruments (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Disclosure of fair value measurement of assets and liability [line items]
Equity instruments measured at Fair Value with changes in profit or loss	$ 568,501	$ 23,247,329	$ 25,902,184
Equity investments
Disclosure of fair value measurement of assets and liability [line items]
Equity instruments measured at Fair Value with changes in profit or loss	5,796	2,466
YPF S.A.
Disclosure of fair value measurement of assets and liability [line items]
Equity instruments measured at Fair Value with changes in profit or loss		1,665
Grupo Financiero Galicia S.A.
Disclosure of fair value measurement of assets and liability [line items]
Equity instruments measured at Fair Value with changes in profit or loss	$ 5,796	$ 801

FAIR VALUES - Fair value of equ

FAIR VALUES - Fair value of equity instruments changes in other comprehensive income (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	$ 13,539	$ 17,984
Income through OCI	(4,756)	1,603
Exposure to changes in Purchasing Power	8,783	(6,048)
Ending balance of fair value of equity instruments		13,539
MAE [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	7,092	10,470
Income through OCI	(2,482)
Exposure to changes in Purchasing Power	4,610	(3,378)
Ending balance of fair value of equity instruments		7,092
SEDESA [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	2,483	3,666
Income through OCI	(869)
Exposure to changes in Purchasing Power	1,614	(1,183)
Ending balance of fair value of equity instruments		2,483
COELSA [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	1,414	2,088
Income through OCI	(495)
Exposure to changes in Purchasing Power	919	(674)
Ending balance of fair value of equity instruments		1,414
PROVINCANJE [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	417	615
Income through OCI	(145)
Exposure to changes in Purchasing Power	272	(198)
Ending balance of fair value of equity instruments		417
CUYO AVAL SGR [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	1,383	505
Income through OCI	(334)	1,229
Exposure to changes in Purchasing Power	1,049	(351)
Ending balance of fair value of equity instruments		1,383
ARGEN CONTROL [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	193	285
Income through OCI	(68)
Exposure to changes in Purchasing Power	125	(92)
Ending balance of fair value of equity instruments		193
LOS GROBO SGR [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	321	154
Income through OCI	(251)	255
Exposure to changes in Purchasing Power	70	(88)
Ending balance of fair value of equity instruments		321
IEBA SA [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	93	138
Income through OCI	(32)
Exposure to changes in Purchasing Power	61	(45)
Ending balance of fair value of equity instruments		93
Others [member]
Disclosure of fair value measurement of assets and liability [line items]
Beginning balance of fair value of equity instruments	143	63
Income through OCI	(80)	119
Exposure to changes in Purchasing Power	$ 63	(39)
Ending balance of fair value of equity instruments		$ 143

FINANCE LEASES -Financial posit

FINANCE LEASES -Financial position (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Jan. 01, 2019	Dec. 31, 2018
Leases
Current	$ 467,977	$ 596,813	$ 596,813
Non-current	478,413	757,465	757,465
Total	946,390	$ 1,354,278	1,354,278
Land and buildings
Leases
Right-of-use assets	$ 988,386		$ 1,354,278

FINANCE LEASES - Income stateme

FINANCE LEASES - Income statement (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019ARS ($)
Amounts charged to income statement
Interest expenses on lease liabilities (Other operating expenses)	$ 212,492
Land and buildings
Amounts charged to income statement
Land and Buildings - Depreciation	$ 567,192

FINANCE LEASE - Lease activitie

FINANCE LEASE - Lease activities (Details)	12 Months Ended
	Dec. 31, 2019
Bottom of range
Leases
Rental agreement period	1 year
Top of range
Leases
Rental agreement period	10 years

FINANCE LEASE - Finance Lease R

FINANCE LEASE - Finance Lease Receivables (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial Lease Receivables
Finance lease receivable	$ 4,058,319	$ 6,502,870
Unearned financial income	(871,630)	(1,355,568)
Net investment in the lease	3,186,689	5,147,302
Finance Lease Receivables
Financial Lease Receivables
Allowance for losses	82,052	97,130
Up to 1 year [member]
Financial Lease Receivables
Finance lease receivable	1,783,106	2,627,616
More than a year up to two years
Financial Lease Receivables
Finance lease receivable	1,167,248	2,032,214
From two to three years
Financial Lease Receivables
Finance lease receivable	665,603	1,147,353
From three to five years
Financial Lease Receivables
Finance lease receivable	421,983	681,233
More than five years [member]
Financial Lease Receivables
Finance lease receivable	$ 20,379	$ 14,454

FINANCE LEASE - Operating Lease

FINANCE LEASE - Operating Lease Receivables (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial Lease Receivables
Operating lease receivables	$ 55,183	$ 9,565
Up to 1 year [member]
Financial Lease Receivables
Operating lease receivables	16,706	3,695
More than a year up to two years
Financial Lease Receivables
Operating lease receivables	15,732	3,695
From two to three years
Financial Lease Receivables
Operating lease receivables	13,543	$ 2,175
From three to five years
Financial Lease Receivables
Operating lease receivables	$ 9,202

TRANSFER OF FINANCIAL ASSETS (D

TRANSFER OF FINANCIAL ASSETS (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Personal loans securitized
Disclosure of transferred financial assets that are not derecognised in their entirety [line items]
Asset	$ 1,614,099	$ 1,184,669
Liabilities	849,775	827,152
Transfers of receivables with recourse
Disclosure of transferred financial assets that are not derecognised in their entirety [line items]
Asset	$ 30,201	217,277
Liabilities		$ 113,948

REPO AND REVERSE REPO TRANSAC_3

REPO AND REVERSE REPO TRANSACTIONS - (Details) $ in Thousands	Dec. 31, 2019ARS ($)
REPO AND REVERSE REPO TRANSACTIONS
Book Value	$ 319,817

DERIVATIVE FINANCIAL INSTRUME_3

DERIVATIVE FINANCIAL INSTRUMENTS - Operation Related to Derivatives (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Derivative Financial Instruments
Amounts receivable for spot and forward transactions pending settlement	$ 257,587	$ 24,496
Amounts payable for spot and forward transactions pending settlement		(144,944)
Spot and Forward Transactions Pending Settlement
Derivative Financial Instruments
Amounts receivable for spot and forward transactions pending settlement	257,587	24,496
Amounts payable for spot and forward transactions pending settlement		(144,944)
Net amount	$ 257,587	$ (120,448)

DERIVATIVE FINANCIAL INSTRUME_4

DERIVATIVE FINANCIAL INSTRUMENTS - Notional Values (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Forward sales of gold without delivery of underlying assets [member]
DERIVATIVE FINANCIAL INSTRUMENTS
Delivery of underlying assets	$ 279,833	$ 230,253
Forward purchases of foreign exchange without delivery of underlying assets [member]
DERIVATIVE FINANCIAL INSTRUMENTS
Delivery of underlying assets		$ 1,560,382

DERIVATIVE FINANCIAL INSTRUME_5

DERIVATIVE FINANCIAL INSTRUMENTS - Expense (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019ARS ($)
DERIVATIVE FINANCIAL INSTRUMENTS
Expense generated by derivative financial instruments	$ 713,616

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - ARS ($) $ / shares in Units, shares in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
EARNINGS PER SHARE
Income attributable to shareholders of the group	$ (2,151,600)	$ (4,658,050)	$ (1,160,465)
Weighted average of ordinary shares (thousands)	456,722	456,722	392,832
Income per share	$ (4.71)	$ (10.20)	$ (2.95)

SPECIAL TERMINATION ARRANGEME_3

SPECIAL TERMINATION ARRANGEMENTS - (Details) - Post Employment Benefits - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
SPECIAL TERMINATION ARRANGEMENTS
Post-employment benefits	$ 947,536	$ 609,302
Amounts charged to profit or loss	527,901	125,547
Balances at the beginning	609,302	1,025,488
Charged to profit or loss	527,901	125,547
Benefits paid to participants	(189,667)	(541,733)
Balances at closing	$ 947,536	$ 609,302

PROPERTY, PLANT AND EQUIPMENT -

PROPERTY, PLANT AND EQUIPMENT - Movements (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	$ 3,359,290
At the end of the year	4,002,078	$ 3,359,290
Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	6,698,316	6,239,755
Revaluation	(62,080)	474,704
Additions	1,952,736	496,350
Additions by business combinations		31,682
Disposals	(357,383)	(544,175)
At the end of the year	8,231,589	6,698,316
Depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	(3,339,026)	(3,069,959)
Additions by business combinations		(24,323)
Disposals	358,843	100,033
Of the Year	(1,249,328)	(322,530)
Other Movements		(22,247)
At the end of the year	(4,229,511)	$ (3,339,026)
Furniture and facilities [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	$ 314,987
Useful Life	10 years	10 years
At the end of the year	$ 311,553	$ 314,987
Furniture and facilities [member] | Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	1,008,692	930,958
Additions		69,318
Additions by business combinations		9,136
Disposals		(720)
At the end of the year	1,008,692	1,008,692
Furniture and facilities [member] | Depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	(693,705)	(624,844)
Additions by business combinations		(6,443)
Of the Year	(3,434)	(58,389)
Other Movements		(4,029)
At the end of the year	(697,139)	$ (693,705)
Machinery and equipment [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	$ 608,225
Useful Life	5 years	5 years
At the end of the year	$ 348,552	$ 608,225
Machinery and equipment [member] | Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	3,104,196	2,925,963
Additions	192,354	183,808
Additions by business combinations		19,777
Disposals	(140,581)	(25,352)
At the end of the year	3,155,969	3,104,196
Machinery and equipment [member] | Depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	(2,495,971)	(2,229,327)
Additions by business combinations		(17,485)
Disposals	312,750	20,283
Of the Year	(624,196)	(252,056)
Other Movements		(17,386)
At the end of the year	(2,807,417)	$ (2,495,971)
Vehicles [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	$ 114,980
Useful Life	5 years	5 years
At the end of the year	$ 98,877	$ 114,980
Vehicles [member] | Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	173,783	143,263
Additions	34,806	54,561
Additions by business combinations		2,769
Disposals	(35,494)	(26,810)
At the end of the year	173,095	173,783
Vehicles [member] | Depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	(58,803)	(61,193)
Additions by business combinations		(395)
Disposals	15,658	15,702
Of the Year	(31,073)	(12,085)
Other Movements		(832)
At the end of the year	(74,218)	(58,803)
Right of use assets
Disclosure of detailed information about property, plant and equipment [line items]
At the end of the year	937,236
Right of use assets | Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
Additions	1,503,784
At the end of the year	1,503,784
Right of use assets | Depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
Disposals	644
Of the Year	(567,192)
At the end of the year	(566,548)
Construction in progress [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	548,023
At the end of the year	480,177	548,023
Construction in progress [member] | Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	548,023	658,429
Additions	113,370	188,663
Disposals	(181,216)	(299,069)
At the end of the year	480,177	$ 548,023
Land and buildings
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	$ 1,773,075
Useful Life	50 years	50 years
At the end of the year	$ 1,825,683	$ 1,773,075
Land and buildings | Gross carrying amount
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	1,863,622	1,581,142
Revaluation	(62,080)	474,704
Additions	108,422
Disposals	(92)	(192,224)
At the end of the year	1,909,872	1,863,622
Land and buildings | Depreciation [member]
Disclosure of detailed information about property, plant and equipment [line items]
At the beginning of the year	(90,547)	(154,595)
Disposals	29,791	64,048
Of the Year	(23,433)
At the end of the year	$ (84,189)	$ (90,547)

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT - Revaluation (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of detailed information about property, plant and equipment [line items]
Revalued amount	$ 1,825,683	$ 1,773,074
Residual Value according to the cost model	1,887,763	1,298,370
Difference	$ (62,080)
Difference		$ 474,704
Land and buildings | Sales Price Per Meter
Disclosure of detailed information about property, plant and equipment [line items]
Reduction on the sales price per meter (as a percent)	5.00%
Reduction of value of the Land and Buildings, net of its tax effect	$ 91,200

INVESTMENT PROPERTIES - Table (

INVESTMENT PROPERTIES - Table (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INVESTMENT PROPERTIES
Beginning balance	$ 635,877
Ending balance	4,054,737	$ 635,877
At fair value [member]
INVESTMENT PROPERTIES
Beginning balance	635,877	441,610
P/L for changes in the FV	(127,130)	221,408
Additions	3,551,323	16,103
Disposals	(5,333)	(43,244)
Ending balance	4,054,737	635,877
At fair value [member] | Rented property [member]
INVESTMENT PROPERTIES
Beginning balance	$ 635,877	$ 441,610
Useful life	50 years	50 years
P/L for changes in the FV	$ (127,130)	$ 221,408
Additions	3,551,323	16,103
Disposals	(5,333)	(43,244)
Ending balance	$ 4,054,737	$ 635,877

INVESTMENT PROPERTIES - Paragra

INVESTMENT PROPERTIES - Paragraphs (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INVESTMENT PROPERTIES
Investment property	$ 4,054,737	$ 635,877
413 Investment Properties
INVESTMENT PROPERTIES
Investment property	$ 3,878
413 Investment Properties | Sales Price Per Meter
INVESTMENT PROPERTIES
Reduction on the sales price per meter (as a percent)	5.00%
Reduction in value, net of its tax effect on the Other Operating Income	$ 193,900

INTANGIBLE ASSETS - Summary (De

INTANGIBLE ASSETS - Summary (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
INTANGIBLE ASSETS
At the beginning of the year	$ 4,170,146
At the End of the year	4,372,514	$ 4,170,146
Goodwill [member]
INTANGIBLE ASSETS
At the beginning of the year	2,678,965
At the End of the year	2,692,794	2,678,965
Brand [member]
INTANGIBLE ASSETS
At the beginning of the year	146,907
At the End of the year	146,907	146,907
Other intangible assets [member]
INTANGIBLE ASSETS
At the beginning of the year	1,344,274
At the End of the year	1,532,813	1,344,274
Gross carrying amount
INTANGIBLE ASSETS
At the beginning of the year	5,053,926	1,978,730
Additions	664,924	3,871,360
Business combinations		2,520
Disposals	4,269	798,684
At the End of the year	5,714,581	5,053,926
Gross carrying amount | Goodwill [member]
INTANGIBLE ASSETS
At the beginning of the year	2,678,965	255,323
Additions	13,829	2,423,642
At the End of the year	2,692,794	2,678,965
Gross carrying amount | Brand [member]
INTANGIBLE ASSETS
At the beginning of the year	146,907
Additions		146,907
At the End of the year	146,907	146,907
Gross carrying amount | Other intangible assets [member]
INTANGIBLE ASSETS
At the beginning of the year	2,228,054	1,723,407
Additions	651,095	1,300,811
Business combinations		2,520
Disposals	4,269	798,684
At the End of the year	2,874,880	2,228,054
Accumulated depreciation and amortisation [member]
INTANGIBLE ASSETS
At the beginning of the year	(883,780)	(1,271,996)
Business combinations		(2,143)
Disposals	(120)	(618,809)
Of the year	(458,407)	(228,450)
At the End of the year	(1,342,067)	(883,780)
Accumulated depreciation and amortisation [member] | Other intangible assets [member]
INTANGIBLE ASSETS
At the beginning of the year	(883,780)	(1,271,996)
Business combinations		(2,143)
Disposals	(120)	(618,809)
Of the year	(458,407)	(228,450)
At the End of the year	$ (1,342,067)	$ (883,780)

INTANGIBLE ASSETS - Goodwill by

INTANGIBLE ASSETS - Goodwill by cash generating units (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Goodwill
Goodwill	$ 2,692,794	$ 2,678,965
Supervielle Seguros S.A. [member]
Goodwill
Goodwill	7,115	7,115
Cordial Compania Financiera S.A.
Goodwill
Goodwill	177,578	177,578
Banco Regional de Cuyo S.A. [member]
Goodwill
Goodwill	63,419	63,419
Invertir Online.Com Argentina S.A.U. [member]
Goodwill
Goodwill	1,355,982	1,355,982
Micro Lending S.A.U. [member]
Goodwill
Goodwill	1,067,660	1,067,660
Others [member]
Goodwill
Goodwill	$ 21,040	$ 7,211

INTANGIBLE ASSETS - Assumptions

INTANGIBLE ASSETS - Assumptions (Detail) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2024	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Disclosure of reconciliation of changes in goodwill [line items]
Cash flow projections financial budget period	5 years
Inflation (end of period) (as percent)	54.30%
Inflation (average) (as a percent)	53.30%
Cost of funding (end of period) (as a percent)	61.40%
Cost of funding (average) (as a percent)	65.00%
Loan's interest rate (average)	78.30%
Goodwill impairment	$ 0
Increase in weighted average cost of capital (as a percent)	5.00%
Forecast
Disclosure of reconciliation of changes in goodwill [line items]
Inflation (end of period) (as percent)		8.50%	10.00%	17.20%	25.30%	44.20%
Inflation (average) (as a percent)		9.10%	13.10%	20.60%	29.30%	54.60%
Cost of funding (end of period) (as a percent)		11.50%	11.50%	15.40%	25.90%	36.80%
Cost of funding (average) (as a percent)		11.50%	13.20%	19.90%	31.40%	45.20%
Loan's interest rate (average)		39.00%	39.20%	41.80%	50.00%	61.00%

COMPOSITION OF THE MAIN ITEMS_3

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Debt securities at fair value through profit or loss (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Government securities	$ 564,833	$ 5,741,430
Corporate securities	3,668	114,648
Securities issued by the BCRA		17,391,251
Debt securities	$ 568,501	$ 23,247,329

COMPOSITION OF THE MAIN ITEMS_4

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other financial assets (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other financial assets
Other financial assets	$ 2,096,866	$ 2,612,157
Participation certificate in financial trusts [member]
Other financial assets
Other financial assets	30,592	16,840
Investments in mutual funds [member]
Other financial assets
Other financial assets	865,872	1,008,467
Other investments [member]
Other financial assets
Other financial assets	59,608	12,211
Receivable from spot sales pending settlement [member]
Other financial assets
Other financial assets	138,591	6,341
Several debtors [member]
Other financial assets
Other financial assets	623,070	994,919
Miscellaneous debtors for credit card operations [member]
Other financial assets
Other financial assets	$ 379,133	$ 573,379

COMPOSITION OF THE MAIN ITEMS_5

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other debt securities (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other debt securities
Other debt instruments held	$ 10,458,556	$ 6,631,861
Negotiable Obligations [member]
Other debt securities
Other debt instruments held		3,938
Debt securities from financial trusts [member]
Other debt securities
Other debt instruments held		1,863
Government Securities [member]
Other debt securities
Other debt instruments held	10,449,499	6,626,011
Others [member]
Other debt securities
Other debt instruments held	$ 9,057	$ 49

COMPOSITION OF THE MAIN ITEMS_6

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Financial assets in guarantee (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Financial assets in guarantee
Financial assets in guarantee	$ 5,333,704	$ 3,087,750
Special Guarantees Accounts Argentine Central Bank [Member]
Financial assets in guarantee
Financial assets in guarantee	2,120,732	2,088,896
Deposits In Guarantee [Member]
Financial assets in guarantee
Financial assets in guarantee	$ 3,212,972	$ 998,854

COMPOSITION OF THE MAIN ITEMS_7

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Inventories (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Inventories
Inventories	$ 44,455	$ 107,557
Gross carrying amount
Inventories
Electronics	21,752	92,429
Home and Health care	7,734	16,574
Tools and Workshop Equipment	16,249	365
Allowance / Reserve
Inventories
Inventories	$ (1,280)	$ (1,811)

COMPOSITION OF THE MAIN ITEMS_8

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other non-financial assets (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Other Miscellaneous assets	$ 831,142	$ 912,352
Loans to employees	263,922	202,414
Payments in advance	13,570	48,568
Retirement Plan	151,171	196,799
Works of art and collector's pieces	34,546	6,896
Non financial assets	$ 1,294,351	$ 1,367,029

COMPOSITION OF THE MAIN ITEMS_9

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Deposits (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Non-financial sector	$ 5,470,177	$ 17,083,822
Financial sector	28,098	38,821
Current accounts	10,885,298	10,287,013
Savings accounts	39,992,352	72,085,308
Time deposits and investments accounts	29,717,376	41,818,262
Others	2,914,876	4,682,975
Deposits	$ 89,008,177	$ 145,996,201	$ 128,119,290

COMPOSITION OF THE MAIN ITEM_10

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Liabilities at fair value through profit or loss (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Liabilities at fair value through profit or loss
Liabilities at fair value through profit or loss	$ 189,554	$ 412,403
Local currency [member]
Liabilities at fair value through profit or loss
Liabilities at fair value through profit or loss	$ 189,554	177,215
Foreign currency [member]
Liabilities at fair value through profit or loss
Liabilities at fair value through profit or loss		$ 235,188

COMPOSITION OF THE MAIN ITEM_11

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other financial liabilities (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other financial liabilities
Other financial liabilities	$ 9,115,565	$ 6,564,396
Amounts payable for spot transactions pending settlement [member]
Other financial liabilities
Other financial liabilities	2,193,818	850,096
Collections and other operations on behalf of third parties [member]
Other financial liabilities
Other financial liabilities	5,224,611	4,948,447
Fees accrued to pay [member]
Other financial liabilities
Other financial liabilities	269	56,087
Financial guarantee contracts [member]
Other financial liabilities
Other financial liabilities	15,268	56,260
Liabilities associated with the transfer of financial assets not derecognized [member]
Other financial liabilities
Other financial liabilities	713,177	593,093
Lease Liabilities
Other financial liabilities
Other financial liabilities	946,390
Others [member]
Other financial liabilities
Other financial liabilities	$ 22,032	$ 60,413

COMPOSITION OF THE MAIN ITEM_12

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Financing received from the Argentine Central Bank and other financial institutions (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Financing received from local financial institutions	$ 939,136	$ 1,918,696
Financing received from international institutions	8,078,461	10,438,410
Financing received from the Central Bank and other financial institutions	$ 9,017,597	$ 12,357,106	$ 8,008,155

COMPOSITION OF THE MAIN ITEM_13

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Provisions (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Provisions
Provisions	$ 677,018	$ 133,703
Legal proceedings provision [member]
Provisions
Provisions	33,049	47,176
Labor Lawsuits [Member]
Provisions
Provisions	28,023	26,391
Tax payable [member]
Provisions
Provisions	77,882	20,390
Restructuring provision [member]
Provisions
Provisions	500,000
Miscellaneous other provisions [member]
Provisions
Provisions	21,930	22,809
Judicial Deposits [Member]
Provisions
Provisions	15,767	15,097
Eventual Commitments [Member]
Provisions
Provisions	$ 367	$ 1,840

COMPOSITION OF THE MAIN ITEM_14

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other non-financial liabilities (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Other non-financial liabilities
Non financial liabilities	$ 8,208,914	$ 8,314,639
Payroll and social securities [member]
Other non-financial liabilities
Non financial liabilities	3,967,872	3,499,379
Sundry Creditors [member]
Other non-financial liabilities
Non financial liabilities	2,357,646	2,302,636
Revenue from contracts with customers [member]
Other non-financial liabilities
Non financial liabilities	192,499	191,378
Tax payable [member]
Other non-financial liabilities
Non financial liabilities	1,396,223	1,751,473
Social security payment orders pending settlement [member]
Other non-financial liabilities
Non financial liabilities	218,486	341,196
Other [member]
Other non-financial liabilities
Non financial liabilities	$ 76,188	$ 228,577

COMPOSITION OF THE MAIN ITEM_15

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Estimated use of liability (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Estimated use of liabilities
Revenue from contracts with customers	$ 192,499	$ 191,378
Up to 1 year [member]
Estimated use of liabilities
Revenue from contracts with customers	93,466
More than a year up to two years
Estimated use of liabilities
Revenue from contracts with customers	47,952
More than 24 months [member]
Estimated use of liabilities
Revenue from contracts with customers	$ 51,081

COMPOSITION OF THE MAIN ITEM_16

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Income from interests (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Interest on overdrafts	$ 4,566,729	$ 5,000,550	$ 2,901,607
Interest on promissory notes	5,878,441	6,272,282	3,767,219
Interest on personal loans	12,916,398	16,811,397	16,547,779
Interest on corporate unsecured loans	6,141,212	4,643,906	3,060,511
Interest on credit card loans	4,815,023	5,249,821	5,053,721
Interest on mortgage loans	3,781,641	3,028,718	263,172
Interest on automobile and other secured loan	693,000	757,191	75,662
Interest on foreign trade loans	1,730,633	1,798,461	899,192
Interest on financial leases	1,129,605	1,417,026	1,141,613
Others	3,141,913	1,810,684	540,048
Total	$ 44,794,595	$ 46,790,036	$ 34,250,524

COMPOSITION OF THE MAIN ITEM_17

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Interests expenses (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Interest on current accounts deposits	$ 6,010,413	$ 7,890,452	$ 1,564,612
Interest on time deposits	19,855,152	9,991,638	5,786,089
Interest on other financial liabilities	7,692,607	7,296,529	4,460,915
Interest from financing from financial sector	274,101	1,137,554	382,729
Others	1,081,178	471,217	588,612
Total	$ 34,913,451	$ 26,787,390	$ 12,782,957

COMPOSITION OF THE MAIN ITEM_18

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Net income from financial instruments at fair value through profit or loss (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Income from corporate and government securities	$ 1,532,374	$ 2,812,312	$ 1,253,840
Income from securities issued by the Argentine Central Bank	18,714,976	9,500,772	4,366,999
Derivatives	713,616	(2,605,689)	(166,485)
Total	$ 20,960,966	$ 9,707,395	$ 5,454,354

COMPOSITION OF THE MAIN ITEM_19

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Service fee income (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Commissions from deposits accounts	$ 3,509,557	$ 3,398,652	$ 3,591,081
Commissions from credit and debit cards	2,897,583	3,361,286	3,598,831
Commissions from loans operations	294,820	601,763	543,388
Others	1,897,647	1,757,005	1,594,665
Total	$ 8,599,607	$ 9,118,706	$ 9,327,965

COMPOSITION OF THE MAIN ITEM_20

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Service fee expenses (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Commissions paid	$ 2,171,167	$ 2,099,326	$ 1,813,673
Export and foreign currency operations	72,803	82,294	63,739
Total	$ 2,243,970	$ 2,181,620	$ 1,877,412

COMPOSITION OF THE MAIN ITEM_21

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Income from insurance activities (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Accrued premiums	$ 2,188,006	$ 2,263,710	$ 2,438,417
Accrued losses	(346,018)	(510,785)	(623,792)
Production expenses	(448,632)	(447,403)	(430,916)
Total	$ 1,393,356	$ 1,305,522	$ 1,383,709

COMPOSITION OF THE MAIN ITEM_22

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other operating incomes (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other operating income
Total	$ 2,755,267	$ 3,805,134	$ 2,827,476
Loans recovered and allowances reversed [member]
Other operating income
Total	498,599	488,878	466,741
Insurance commissions [member]
Other operating income
Total	68,287	610,942	544,225
Rental from safety boxes [member]
Other operating income
Total	286,881	368,093	358,390
Commissions from trust services [member]
Other operating income
Total	26,280	11,722	244,890
Returns of risk funds [member]
Other operating income
Total	172,684	431,480	164,515
Commissions from financial guarantees [member]
Other operating income
Total	627,845	723,954	45,557
Default interests [member]
Other operating income
Total	420,933	371,439	232,584
Other [member]
Other operating income
Total	$ 653,758	$ 798,626	$ 770,574

COMPOSITION OF THE MAIN ITEM_23

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Personnel expenses (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Payroll and social securities	$ 12,415,668	$ 10,009,697	$ 10,258,005
Others expenses	1,748,621	3,494,603	3,181,160
Total	$ 14,164,289	$ 13,504,300	$ 13,439,165

COMPOSITION OF THE MAIN ITEM_24

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Administration expenses (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT
Directors' and statutory auditors' fees	$ 280,833	$ 251,527	$ 199,248
Professional fees	1,017,618	2,541,276	1,690,134
Advertising and publicity	542,054	633,316	673,128
Taxes	1,469,457	1,648,448	1,672,778
Maintenance, security and services	1,727,446	846,858	804,156
Rent	51,745	715,107	621,264
Others	2,484,390	1,978,864	1,905,586
Total	$ 7,573,543	$ 8,615,396	$ 7,566,294

COMPOSITION OF THE MAIN ITEM_25

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Depreciation and impairment of non-financial assets (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Depreciation and impairment of non-financial assets
Total	$ 1,814,671	$ 665,154	$ 956,819
Depreciation of property, plant and equipment [member]
Depreciation and impairment of non-financial assets
Total	682,136	322,530	549,762
Depreciation of other non financial assets [member]
Depreciation and impairment of non-financial assets
Total	106,936	113,747	27,405
Depreciation of intangible assets [member]
Depreciation and impairment of non-financial assets
Total	458,407	228,450	$ 379,652
Right of use assets
Depreciation and impairment of non-financial assets
Total	$ 567,192
Impairment of other non-financial assets [member]
Depreciation and impairment of non-financial assets
Total		$ 427

COMPOSITION OF THE MAIN ITEM_26

COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL POSITION AND CONSOLIDATED INCOME STATEMENT - Other operating expenses (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Other operating expenses
Total	$ 6,358,291	$ 6,633,161	$ 6,394,542
Promotions related with credit cards [member]
Other operating expenses
Total	510,582	651,017	651,859
Turnover tax [member]
Other operating expenses
Total	3,749,503	4,311,436	3,459,409
Fair value on initial recognition of loans [member]
Other operating expenses
Total	200,899	594,275	656,807
Contributions made to deposit insurance system [member]
Other operating expenses
Total	243,959	237,870	207,594
Other operating expenses [member]
Other operating expenses
Total	$ 1,653,348	$ 838,563	$ 1,418,873

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
COMMITMENTS AND CONTINGENCIES
Contingent events	$ 0	$ 0
Contingent events	$ 0	$ 0

RELATED PARTY TRANSACTIONS - Co

RELATED PARTY TRANSACTIONS - Compensation (Details) $ in Millions	12 Months Ended
	Dec. 31, 2019ARS ($)
Directors
Disclosure of transactions between related parties [line items]
Compensation paid	$ 218.5
Management
Disclosure of transactions between related parties [line items]
Compensation paid	224.2
Supervisory Committee [member]
Disclosure of transactions between related parties [line items]
Compensation paid	$ 2.3

RELATED PARTY TRANSACTIONS - Fi

RELATED PARTY TRANSACTIONS - Financial Exposure (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019ARS ($)individualcompanyCounterparty	Dec. 31, 2018ARS ($)individualcompanyCounterparty
Disclosure of transactions between related parties [line items]
Aggregate financial exposure	$ 963,016	$ 1,204,789
Number of recipient related parties | Counterparty	70	75
Average total financial exposure	$ 13,757	$ 21,378
Single largest financial exposure	$ 823,172	$ 1,131,380
Individuals [member]
Disclosure of transactions between related parties [line items]
Number of recipient related parties | individual	63	68
Companies [member]
Disclosure of transactions between related parties [line items]
Number of recipient related parties | company	7	7

RELATED PARTY TRANSACTIONS -Con

RELATED PARTY TRANSACTIONS -Controlling Interest (Details) - Julio Patricio Supervielle [member] - ARS ($)	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Disclosure of transactions between related parties [line items]
Capital interest	$ 35.12	$ 57.89
Vote's interest	35.86%	69.40%

INSURANCE - Assets and liabilit

INSURANCE - Assets and liabilities (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Assets related to insurance contracts (Loans and other financing)
Receivable premiums	$ 453,978	$ 63,380
Total	453,978	63,380
Liabilities related to insurance contracts (Other non-financial liabilities)
Debt with insured	136,168	203,946
Debt with reinsurers	40,575	22,566
Debt with co-insurers	1,702	26,024
Debt with producers	150,384	44,451
Technical commitments	173,994	18,258
Outstanding claims paid by re-insurance companies (regularizer)	(481)	(723)
Total	$ 502,342	$ 314,522

INSURANCE - Liabilities (Detail

INSURANCE - Liabilities (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Insurance
Total	$ 136,168	$ 203,946
Producers current account	28,247	33,992
Commission for premium receivable	122,137	10,459
Total	150,384	44,451
Premiums and surcharges	173,955	18,258
Premiums insufficiency	39
Total	173,994	18,258
Property insurance
Insurance
Direct administrative insurance	11,242	12,976
Direct insurance in mediation	800
Claims settled to pay	881	306
Claims occurred and not reported - IBNR	14,759	14,916
Life insurance
Insurance
Direct administrative insurance	41,267	48,377
Direct insurance in judgments	1,240	1,088
Direct insurance in mediation	1,837	1,151
Claims settled to pay	20,218	20,974
Claims occurred and not reported - IBNR	$ 43,924	$ 104,158

MUTUAL FUNDS (Details)

MUTUAL FUNDS (Details) $ in Thousands	Dec. 31, 2019ARS ($)instrument	Dec. 31, 2018ARS ($)instrument
Premier Renta C.P. Pesos [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 14,031,863	$ 8,281,012
Mutual Funds, Net Worth	$ 14,010,386	$ 8,266,083
Number of units | instrument	3,958,398,573	1,475,029,312
Premier Renta Plus en Pesos [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 109,147	$ 573,083
Mutual Funds, Net Worth	$ 107,200	$ 554,760
Number of units | instrument	10,250,999	49,671,811
Premier Renta Fija Ahorro [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 465,427	$ 5,156,205
Mutual Funds, Net Worth	$ 459,494	$ 5,038,765
Number of units | instrument	12,851,475	136,640,472
Premier Renta Fija Crecimiento [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 46,922	$ 67,139
Mutual Funds, Net Worth	$ 46,657	$ 66,643
Number of units | instrument	3,688,485	4,369,322
Premier Renta Variable [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 166,391	$ 245,226
Mutual Funds, Net Worth	$ 163,998	$ 226,060
Number of units | instrument	6,982,580	8,130,311
Premier FCI Abierto Pymes [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 560,360	$ 631,380
Mutual Funds, Net Worth	$ 559,099	$ 630,259
Number of units | instrument	91,559,624	99,122,237
Premier Commodities [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 21,039	$ 8,912
Mutual Funds, Net Worth	$ 13,593	$ 7,930
Number of units | instrument	2,596,034	1,599,150
Premier Capital [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 129,058	$ 277,778
Mutual Funds, Net Worth	$ 128,718	$ 277,455
Number of units | instrument	36,057,519	67,052,867
Premier Inversion [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 135,360	$ 275,771
Mutual Funds, Net Worth	$ 135,291	$ 275,395
Number of units | instrument	442,160,447	888,100,323
Premier Balanceado [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 623,862	$ 942,774
Mutual Funds, Net Worth	$ 623,293	$ 942,030
Number of units | instrument	249,317,925	359,887,367
Premier Renta Mixta [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 133,255	$ 90,124
Mutual Funds, Net Worth	$ 133,147	$ 90,080
Number of units | instrument	76,562,093	44,863,120
Premier Renta Mixta en USD [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 130,212	$ 725,057
Mutual Funds, Net Worth	$ 129,733	$ 7,222,633
Number of units | instrument	2,815,589	13,892,155
Premier Performance en USD [member]
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 453,884	$ 3,649,334
Mutual Funds, Net Worth	$ 452,866	$ 3,630,806
Number of units | instrument	9,312,208	62,805,294
Premier Global USD
Disclosure of mutual funds portfolio [line items]
Portfolio	$ 698,915
Mutual Funds, Net Worth	$ 696,759
Number of units | instrument	11,338,023

CONTRIBUTION TO THE DEPOSIT I_2

CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM - (Details) $ in Thousands	Dec. 31, 2019ARS ($)
CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM
Insurance coverage of demand and time deposits	$ 1,000

RESTRICTED ASSETS (Details)

RESTRICTED ASSETS (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
RESTRICTED ASSETS
Special guarantee accounts in the Argentine Central Bank	$ 2,120,732	$ 2,088,896
Trust guarantee deposits	3,800	5,127
Guarantee deposits for currency forward transactions	2,104,713	434,126
Guarantee deposits for credit cards transactions	317,407	375,993
Other guarantee deposits	158,562	183,608
Guarantee deposits for repo transactions	23,880
Financial assets in guarantee	$ 4,729,094	$ 3,087,750

FINANCIAL TRUSTS - Credimas (De

FINANCIAL TRUSTS - Credimas (Details) $ in Thousands	Dec. 31, 2019ARS ($)
Credimas Financial Trust
Financial Trust
Original principal amount	$ 16,000

FINANCIAL TRUSTS - Mendoza Trus

FINANCIAL TRUSTS - Mendoza Trust (Details) - Mendoza Financial Trust $ in Thousands	Dec. 31, 2019ARS ($)
Financial Trust
Liabilities recorded	$ 21,018
Assets in trust	$ 647

FINANCIAL TRUSTS - Supervielle

FINANCIAL TRUSTS - Supervielle Crditos (Details) - Supervielle Creditos Financial Trust [member] $ in Thousands	Dec. 31, 2019ARS ($)
Financial Trust
Original principal amount	$ 750,000
VDF TV A Mat: 20/01/20 [member]
Financial Trust
Securities issued	712,500
CP Mat: 03/20/20
Financial Trust
Securities issued	$ 37,500

FINANCIAL TRUSTS - Cordial Comp

FINANCIAL TRUSTS - Cordial Compania Financiera (Details) $ in Thousands	Dec. 31, 2019ARS ($)
Cordial Compaa Financiera Financial Trust Financial Trust, 20
Financial Trust
Value initially assigned in trust	$ 600,000
Cordial Compaa Financiera Financial Trust Financial Trust, 20 | Participation Securities
Financial Trust
Securities issued	120,000
Cordial Compaa Financiera Financial Trust Financial Trust, 20 | Debt Instruments
Financial Trust
Securities issued	480,000
Cordial Compaa Financiera Financial Trust Financial Trust, 21
Financial Trust
Value initially assigned in trust	1,000,000
Cordial Compaa Financiera Financial Trust Financial Trust, 21 | Participation Securities
Financial Trust
Securities issued	780,000
Cordial Compaa Financiera Financial Trust Financial Trust, 21 | Debt Instruments
Financial Trust
Securities issued	220,000
Cordial Compaa Financiera Financial Trust Financial Trust, 22
Financial Trust
Value initially assigned in trust	571,560
Cordial Compaa Financiera Financial Trust Financial Trust, 22 | Participation Securities
Financial Trust
Securities issued	102,300
Cordial Compaa Financiera Financial Trust Financial Trust, 22 | Debt Instruments
Financial Trust
Securities issued	$ 469,260

FINANCIAL TRUSTS - Micro Lendin

FINANCIAL TRUSTS - Micro Lending (Details) $ in Thousands	Dec. 31, 2019ARS ($)
Micro Lending Trust Financial Trust, III
Financial Trust
Securitized Amount	$ 39,779
Micro Lending Trust Financial Trust, III | VDF TV A vto 03/12/13 [member]
Financial Trust
Securities issued	31,823
Micro Lending Trust Financial Trust, III | VDF B Vto: 11/12/13 [member]
Financial Trust
Securities issued	6,364
Micro Lending Trust Financial Trust, III | CP Vto: 10/12/16 [member]
Financial Trust
Securities issued	1,592
Micro Lending Financial Trusts, IV
Financial Trust
Securitized Amount	40,652
Micro Lending Financial Trusts, IV | VDF TV A Vto: 06/20/13 [member]
Financial Trust
Securities issued	32,522
Micro Lending Financial Trusts, IV | VDF B Vto: 10/20/13 [member]
Financial Trust
Securities issued	6,504
Micro Lending Financial Trusts, IV | CP Vto: 10/12/16 [member]
Financial Trust
Securities issued	1,626
Micro Lending Financial Trusts, XVIII
Financial Trust
Securitized Amount	119,335
Micro Lending Financial Trusts, XVIII | VDF TV A Vto: 05/15/19 [member]
Financial Trust
Securities issued	89,501
Micro Lending Financial Trusts, XVIII | VDF TV B Vto: 08/15/19 [member]
Financial Trust
Securities issued	7,291
Micro Lending Financial Trusts, XVIII | CP Vto: 10/15/22 [member]
Financial Trust
Securities issued	$ 22,543

ISSUANCE OF NEGOTIABLE OBLIGA_3

ISSUANCE OF NEGOTIABLE OBLIGATIONS - Grupo Spervielle S.A's Negotiable Obligations Issuance Global Program (Details) - ARS ($) $ in Millions	Apr. 19, 2016	Sep. 22, 2010
Simple Negotiable Obligations Issuance Global Program
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Maximum amount can be issued		$ 1,000
New Negotiable Obligations Issuance Global Program
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Maximum amount can be issued	$ 1,000,000

ISSUANCE OF NEGOTIABLE OBLIGA_4

ISSUANCE OF NEGOTIABLE OBLIGATIONS - Banco Supervielle S.A. (Details)	Mar. 06, 2018USD ($)	Mar. 22, 2017ARS ($)	Sep. 22, 2016USD ($)	Apr. 18, 2016ARS ($)	Apr. 25, 2013ARS ($)
Banco Supervielle S.A. | Global Program for Issuance of Negotiable Obligations
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Maximum amount can be issued	$ 2,300,000,000	$ 2,500,000,000	$ 800,000,000	$ 1,000,000,000	$ 500,000,000

ISSUANCE OF NEGOTIABLE OBLIGA_5

ISSUANCE OF NEGOTIABLE OBLIGATIONS - Negotiable obligations - Cordial Compania Financiera S A (Details) - Cordial Compania Financiera S.A. - ARS ($)	Dec. 31, 2019	Dec. 31, 2018	Mar. 22, 2017	Apr. 18, 2016	Apr. 25, 2013
Global Program for Issuance of Negotiable Obligations
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Maximum amount can be issued			$ 2,500,000,000	$ 1,000,000,000	$ 500,000,000
Borrowings	$ 6,086,475,000	$ 14,317,445,000
Grupo Supervielle Class XIII, 01/31/2014
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 43,108,000
Borrowings, adjustment to interest rate basis		6.25%
Banco Supervielle Class A, 02/09/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings	$ 3,804,338,000	$ 6,461,888,000
Borrowings, adjustment to interest rate basis	4.50%	4.50%
Banco Supervielle Class B, 12/22/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 923,233,000
Borrowings, adjustment to interest rate basis		3.25%
Banco Supervielle Class C, 12/22/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings	$ 667,169,000	$ 1,026,425,000
Borrowings, adjustment to interest rate basis	4.25%	4.25%
Banco Supervielle Class D, 02/14/2018
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 1,182,758,000
Borrowings, adjustment to interest rate basis		3.50%
Banco Supervielle Class E, 02/14/2018
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings	$ 1,599,410,000	$ 2,595,420,000
Borrowings, adjustment to interest rate basis	4.05%	4.05%
Cordial Compaa Financiera Class XIV, 05/11/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 611,622,000
Borrowings, adjustment to interest rate basis		3.50%
Cordial Compaa Financiera Class XV, 08/24/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 562,105,000
Borrowings, adjustment to interest rate basis		3.75%
Cordial Compaa Financiera Class XVI, 11/22/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 832,253,000
Borrowings, adjustment to interest rate basis		4.25%
Micro Lending Class II, 08/16/2016
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings		$ 30,773,000
Borrowings, adjustment to interest rate basis		5.00%
Micro Lending Class III, 10/04/2017
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Borrowings	$ 15,558,000	$ 47,860,000
Borrowings, adjustment to interest rate basis	7.00%	7.00%

ISSUANCE OF NEGOTIABLE OBLIGA_6

ISSUANCE OF NEGOTIABLE OBLIGATIONS - Subordinated Negotiable Obligations (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2019USD ($)	Dec. 31, 2018ARS ($)	Dec. 31, 2019ARS ($)	Apr. 15, 2016ARS ($)	Mar. 25, 2013ARS ($)
Subordinated Negotiable Obligations, Global Program for the Issuance of Negotiable Obligations
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Maximum amount can be issued				$ 2,000,000,000	$ 750,000,000
Borrowings		$ 2,128,759,000	$ 2,119,888,000
Subordinated Negotiable Obligations, Global Program for the Issuance of Negotiable Obligations, Class III, 08/20/2013
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Notional amount	$ 22,500
Term	84 months	84 months
Borrowings, interest rate	7.00%		7.00%
Borrowings		$ 1,340,759,000	$ 1,308,192,000
Subordinated Negotiable Obligations, Global Program for the Issuance of Negotiable Obligations, Class IV, 11/18/2014
ISSUANCE OF NEGOTIABLE OBLIGATIONS
Notional amount	$ 13,441
Term	84 months	84 months
Borrowings, interest rate	7.00%		7.00%
Borrowings		$ 788,000,000	$ 811,696,000

RESTRICTIONS IMPOSED ON THE D_3

RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS - Paragraphs (Details)	12 Months Ended
	Dec. 31, 2019
Banco Supervielle S.A.
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Percentage of Profit shown In income Statement	20.00%
Grupo Supervielle Sa Negotiable Obligations Issuance Program [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Percentage of profit allocated to legal reserve	5.00%
Percentage of outstanding capital stock	20.00%

RESTRICTIONS IMPOSED ON THE D_4

RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS - Shareholders' equity under the rules of the Argentine Central Bank (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	$ 23,435,395	$ 26,102,395	$ 31,215,315	$ 18,538,127
Capital stock [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	456,722	456,722	456,722	363,777
Paid-in capital [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	24,360,438	24,359,953	24,360,624	10,481,557
Legal reserve [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	140,517	140,517	111,921	76,599
Other reserves [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	10,320,324	8,239,030	4,893,538	$ 3,012,409
Other comprehensive income [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	395,630	$ 443,331	$ 72,100
Argentine Central Bank [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	21,680,037
Argentine Central Bank [member] | Capital stock [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	456,722
Argentine Central Bank [member] | Paid-in capital [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	8,997,297
Argentine Central Bank [member] | Legal reserve [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	91,344
Argentine Central Bank [member] | Other reserves [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	6,708,810
Argentine Central Bank [member] | Other comprehensive income [member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	1,167,932
Argentine Central Bank [member] | Net Income [Member]
RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF DIVIDENDS
Total shareholders' equity under the rules of the Argentine Central Bank	$ 4,257,932

LOANS AND OTHER FINANCING - Com

LOANS AND OTHER FINANCING - Composition of loan portfolio (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
LOANS AND OTHER FINANCING
Total	$ 88,010,011	$ 118,771,635
Loans and other financing [member]
LOANS AND OTHER FINANCING
Allowance for loan losses	(6,751,939)	(7,593,590)
Promissory Notes [member]
LOANS AND OTHER FINANCING
Total	8,514,717	12,142,239
Unsecured corporate loans [member]
LOANS AND OTHER FINANCING
Total	11,106,189	11,959,454
Overdrafts [member]
LOANS AND OTHER FINANCING
Total	5,598,311	8,165,893
Mortgages [member]
LOANS AND OTHER FINANCING
Total	7,917,020	8,594,378
Automobile and other secured loans [member]
LOANS AND OTHER FINANCING
Total	1,219,936	2,388,308
Personal loans [member]
LOANS AND OTHER FINANCING
Total	16,295,241	30,731,905
Credit card loans [member]
LOANS AND OTHER FINANCING
Total	12,953,381	14,196,839
Foreign Trade Loans [member]
LOANS AND OTHER FINANCING
Total	18,150,746	21,187,587
Other financings [member]
LOANS AND OTHER FINANCING
Total	7,912,677	9,570,708
Other receivables from financial transactions [member]
LOANS AND OTHER FINANCING
Total	1,907,043	2,090,749
Receivables from financial leases [member]
LOANS AND OTHER FINANCING
Total	3,186,689	5,337,165
Sub Total [member]
LOANS AND OTHER FINANCING
Total	94,761,950	126,365,225
Stage 1 [member]
LOANS AND OTHER FINANCING
Total	82,051,797	106,563,554
Stage 1 [member] | Loans and other financing [member]
LOANS AND OTHER FINANCING
Allowance for loan losses	(1,605,160)	(2,212,268)
Stage 1 [member] | Promissory Notes [member]
LOANS AND OTHER FINANCING
Total	8,009,641	11,040,711
Stage 1 [member] | Unsecured corporate loans [member]
LOANS AND OTHER FINANCING
Total	9,974,477	9,566,113
Stage 1 [member] | Overdrafts [member]
LOANS AND OTHER FINANCING
Total	4,339,933	6,888,246
Stage 1 [member] | Mortgages [member]
LOANS AND OTHER FINANCING
Total	6,030,357	8,362,500
Stage 1 [member] | Automobile and other secured loans [member]
LOANS AND OTHER FINANCING
Total	799,642	1,945,195
Stage 1 [member] | Personal loans [member]
LOANS AND OTHER FINANCING
Total	14,047,805	24,712,374
Stage 1 [member] | Credit card loans [member]
LOANS AND OTHER FINANCING
Total	11,850,570	12,498,927
Stage 1 [member] | Foreign Trade Loans [member]
LOANS AND OTHER FINANCING
Total	16,198,790	18,771,657
Stage 1 [member] | Other financings [member]
LOANS AND OTHER FINANCING
Total	7,742,824	8,008,012
Stage 1 [member] | Other receivables from financial transactions [member]
LOANS AND OTHER FINANCING
Total	1,844,597	2,039,401
Stage 1 [member] | Receivables from financial leases [member]
LOANS AND OTHER FINANCING
Total	2,818,321	4,942,686
Stage 1 [member] | Sub Total [member]
LOANS AND OTHER FINANCING
Total	83,656,957	108,775,822
Stage 2 [member]
LOANS AND OTHER FINANCING
Total	3,819,358	9,388,713
Stage 2 [member] | Loans and other financing [member]
LOANS AND OTHER FINANCING
Allowance for loan losses	(838,710)	(1,762,950)
Stage 2 [member] | Promissory Notes [member]
LOANS AND OTHER FINANCING
Total	220,628	728,667
Stage 2 [member] | Unsecured corporate loans [member]
LOANS AND OTHER FINANCING
Total	363,545	2,115,729
Stage 2 [member] | Overdrafts [member]
LOANS AND OTHER FINANCING
Total	88,118	1,096,622
Stage 2 [member] | Mortgages [member]
LOANS AND OTHER FINANCING
Total	1,139,227	216,941
Stage 2 [member] | Automobile and other secured loans [member]
LOANS AND OTHER FINANCING
Total	260,651	163,435
Stage 2 [member] | Personal loans [member]
LOANS AND OTHER FINANCING
Total	1,115,171	3,388,932
Stage 2 [member] | Credit card loans [member]
LOANS AND OTHER FINANCING
Total	560,447	916,400
Stage 2 [member] | Foreign Trade Loans [member]
LOANS AND OTHER FINANCING
Total	615,514	854,199
Stage 2 [member] | Other financings [member]
LOANS AND OTHER FINANCING
Total	93,942	1,386,762
Stage 2 [member] | Other receivables from financial transactions [member]
LOANS AND OTHER FINANCING
Total	16,506	18,592
Stage 2 [member] | Receivables from financial leases [member]
LOANS AND OTHER FINANCING
Total	184,319	265,384
Stage 2 [member] | Sub Total [member]
LOANS AND OTHER FINANCING
Total	4,658,068	11,151,663
Stage 3 [member]
LOANS AND OTHER FINANCING
Total	2,138,856	2,819,368
Stage 3 [member] | Loans and other financing [member]
LOANS AND OTHER FINANCING
Allowance for loan losses	(4,308,069)	(3,618,372)
Stage 3 [member] | Promissory Notes [member]
LOANS AND OTHER FINANCING
Total	284,448	372,861
Stage 3 [member] | Unsecured corporate loans [member]
LOANS AND OTHER FINANCING
Total	768,167	277,612
Stage 3 [member] | Overdrafts [member]
LOANS AND OTHER FINANCING
Total	1,170,260	181,025
Stage 3 [member] | Mortgages [member]
LOANS AND OTHER FINANCING
Total	747,436	14,937
Stage 3 [member] | Automobile and other secured loans [member]
LOANS AND OTHER FINANCING
Total	159,643	279,678
Stage 3 [member] | Personal loans [member]
LOANS AND OTHER FINANCING
Total	1,132,265	2,630,599
Stage 3 [member] | Credit card loans [member]
LOANS AND OTHER FINANCING
Total	542,364	781,512
Stage 3 [member] | Foreign Trade Loans [member]
LOANS AND OTHER FINANCING
Total	1,336,442	1,561,731
Stage 3 [member] | Other financings [member]
LOANS AND OTHER FINANCING
Total	75,911	175,934
Stage 3 [member] | Other receivables from financial transactions [member]
LOANS AND OTHER FINANCING
Total	45,940	32,756
Stage 3 [member] | Receivables from financial leases [member]
LOANS AND OTHER FINANCING
Total	184,049	129,095
Stage 3 [member] | Sub Total [member]
LOANS AND OTHER FINANCING
Total	$ 6,446,925	$ 6,437,740

LOANS AND OTHER FINANCING - Cha

LOANS AND OTHER FINANCING - Changes in gross carrying amount and corresponding expected credit losses (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
LOANS AND OTHER FINANCING
Balance at the beginning of the year	$ 118,771,635
Balance at the end of the year	88,010,011	$ 118,771,635
Gross carrying amount
LOANS AND OTHER FINANCING
Balance at the beginning of the year	126,365,225	141,117,049
Net changes of financial assets	(37,980,695)	(21,406,974)
Write-offs	(5,029,098)	(4,017,832)
Exchange Differences and Others	11,406,518	10,672,982
Balance at the end of the year	94,761,950	126,365,225
Stage 1 [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	106,563,554
Balance at the end of the year	82,051,797	106,563,554
Stage 1 [member] | Gross carrying amount
LOANS AND OTHER FINANCING
Balance at the beginning of the year	108,775,822	129,105,886
Transfers 1 to 2	(975,855)	(3,390,317)
1 to 3	(5,030,380)	(1,889,857)
2 to 1	4,403,744	1,090,798
3 to 1	160,733	46,771
Net changes of financial assets	(33,785,702)	(26,451,011)
Exchange Differences and Others	10,108,595	10,263,552
Balance at the end of the year	83,656,957	108,775,822
Stage 2 [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	9,388,713
Balance at the end of the year	3,819,358	9,388,713
Stage 2 [member] | Gross carrying amount
LOANS AND OTHER FINANCING
Balance at the beginning of the year	11,151,663	6,422,218
Transfers 1 to 2	975,855	3,390,317
2 to 3	(1,293,344)	(718,411)
2 to 1	(4,403,744)	(1,090,798)
3 to 2	46,115	173,815
Net changes of financial assets	(2,107,933)	2,615,931
Exchange Differences and Others	289,456	358,591
Balance at the end of the year	4,658,068	11,151,663
Stage 3 [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	2,819,368
Balance at the end of the year	2,138,856	2,819,368
Stage 3 [member] | Gross carrying amount
LOANS AND OTHER FINANCING
Balance at the beginning of the year	6,437,740	5,588,945
1 to 3	5,030,380	1,889,857
2 to 3	1,293,344	718,411
3 to 2	(46,115)	(173,815)
3 to 1	(160,733)	(46,771)
Net changes of financial assets	(2,087,060)	2,428,106
Write-offs	(5,029,098)	(4,017,832)
Exchange Differences and Others	1,008,467	50,839
Balance at the end of the year	6,446,925	6,437,740
Expected credit losses [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	7,593,590	7,115,689
Transfers 1 to 2	249,815	541,184
1 to 3	3,354,077	1,495,134
2 to 3	530,497	198,985
2 to 1	(282,138)	(109,313)
3 to 2	(22,017)	(89,565)
3 to 1	(97,460)	(52,279)
Net changes of financial assets	240,115	2,490,776
Write-offs	(5,029,098)	(4,017,832)
Exchange Differences and Others	214,558	20,811
Balance at the end of the year	6,751,939	7,593,590
Expected credit losses [member] | Stage 1 [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	2,212,268	2,601,836
Transfers 1 to 2	(61,394)	(111,310)
1 to 3	(92,597)	(113,691)
2 to 1	54,696	35,469
3 to 1	15,515	4,421
Net changes of financial assets	(587,501)	(214,161)
Exchange Differences and Others	64,173	9,704
Balance at the end of the year	1,605,160	2,212,268
Expected credit losses [member] | Stage 2 [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	1,762,950	1,542,565
Transfers 1 to 2	311,209	652,494
2 to 3	(217,452)	(234,756)
2 to 1	(336,834)	(144,782)
3 to 2	9,708	27,351
Net changes of financial assets	(715,925)	(82,519)
Exchange Differences and Others	25,054	2,597
Balance at the end of the year	838,710	1,762,950
Expected credit losses [member] | Stage 3 [member]
LOANS AND OTHER FINANCING
Balance at the beginning of the year	3,618,372	2,971,288
1 to 3	3,446,674	1,608,825
2 to 3	747,949	433,741
3 to 2	(31,725)	(116,916)
3 to 1	(112,975)	(56,700)
Net changes of financial assets	1,543,541	2,787,456
Write-offs	(5,029,098)	(4,017,832)
Exchange Differences and Others	125,331	8,510
Balance at the end of the year	$ 4,308,069	$ 3,618,372

RISK MANAGEMENT POLICIES - Maxi

RISK MANAGEMENT POLICIES - Maximum credit risk exposure (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Maximum Credit Risk Exposure
Maximum credit risk exposure	$ 160,050,689	$ 193,119,999
Promissory Notes [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	8,514,717	12,142,239
Unsecured corporate loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	11,106,189	11,959,454
Overdrafts [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	28,794,319	49,154,309
Mortgage loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	7,917,020	8,594,378
Automobile and other secured loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,219,936	2,388,308
Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	27,951,251
Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	4,565,463
Foreign Trade Loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	18,150,746	21,187,587
Other financings [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	8,063,007	16,408,051
Other receivables from financial transactions [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,907,043	2,090,749
Receivables from financial leases [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	3,186,689	5,337,165
Personal loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	38,674,309	30,731,905
Personal loans [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	14,312,586	21,890,601
Personal loans [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	24,361,723	8,841,304
Credit card loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	32,516,714	33,125,854
Credit card loans [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		24,894,355
Credit card loans [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		8,231,499
Stage 1 [member] | 12-month ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	144,376,623	173,978,904
Stage 1 [member] | 12-month ECL [member] | Promissory Notes [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	8,009,641	11,040,711
Stage 1 [member] | 12-month ECL [member] | Unsecured corporate loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	9,974,477	9,566,109
Stage 1 [member] | 12-month ECL [member] | Overdrafts [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	27,183,947	46,873,802
Stage 1 [member] | 12-month ECL [member] | Mortgage loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	6,030,357	8,362,500
Stage 1 [member] | 12-month ECL [member] | Automobile and other secured loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	799,642	1,945,197
Stage 1 [member] | 12-month ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	26,906,451
Stage 1 [member] | 12-month ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	4,152,736
Stage 1 [member] | 12-month ECL [member] | Foreign Trade Loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	16,198,790	18,771,655
Stage 1 [member] | 12-month ECL [member] | Other financings [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	7,870,468	14,841,096
Stage 1 [member] | 12-month ECL [member] | Other receivables from financial transactions [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,844,597	2,039,403
Stage 1 [member] | 12-month ECL [member] | Receivables from financial leases [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	2,818,321	4,942,687
Stage 1 [member] | Personal loans [member] | 12-month ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	32,587,196	24,712,372
Stage 1 [member] | Personal loans [member] | 12-month ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	13,070,026	20,024,331
Stage 1 [member] | Personal loans [member] | 12-month ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	19,517,170	4,688,041
Stage 1 [member] | Credit card loans [member] | 12-month ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	31,059,187	30,883,372
Stage 1 [member] | Credit card loans [member] | 12-month ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		23,665,677
Stage 1 [member] | Credit card loans [member] | 12-month ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		7,217,695
Stage 2 [member] | Lifetime ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	9,203,046	12,622,590
Stage 2 [member] | Lifetime ECL [member] | Promissory Notes [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	220,628	728,667
Stage 2 [member] | Lifetime ECL [member] | Unsecured corporate loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	363,545	2,115,731
Stage 2 [member] | Lifetime ECL [member] | Overdrafts [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	441,780	2,092,931
Stage 2 [member] | Lifetime ECL [member] | Mortgage loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,139,227	216,941
Stage 2 [member] | Lifetime ECL [member] | Automobile and other secured loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	260,651	163,433
Stage 2 [member] | Lifetime ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	772,705
Stage 2 [member] | Lifetime ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	139,163
Stage 2 [member] | Lifetime ECL [member] | Foreign Trade Loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	615,514	854,199
Stage 2 [member] | Lifetime ECL [member] | Other financings [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	116,204	1,389,182
Stage 2 [member] | Lifetime ECL [member] | Other receivables from financial transactions [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	16,506	18,592
Stage 2 [member] | Lifetime ECL [member] | Receivables from financial leases [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	184,319	265,382
Stage 2 [member] | Personal loans [member] | Lifetime ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	4,932,804	3,388,933
Stage 2 [member] | Personal loans [member] | Lifetime ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	807,506	1,359,665
Stage 2 [member] | Personal loans [member] | Lifetime ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	4,125,298	2,029,268
Stage 2 [member] | Credit card loans [member] | Lifetime ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	911,868	1,388,599
Stage 2 [member] | Credit card loans [member] | Lifetime ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		897,518
Stage 2 [member] | Credit card loans [member] | Lifetime ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		491,081
Stage 3 [member] | Lifetime ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	6,471,020	6,518,505
Stage 3 [member] | Lifetime ECL [member] | Promissory Notes [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	284,448	372,861
Stage 3 [member] | Lifetime ECL [member] | Unsecured corporate loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	768,167	277,614
Stage 3 [member] | Lifetime ECL [member] | Overdrafts [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,168,592	187,576
Stage 3 [member] | Lifetime ECL [member] | Mortgage loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	747,436	14,937
Stage 3 [member] | Lifetime ECL [member] | Automobile and other secured loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	159,643	279,678
Stage 3 [member] | Lifetime ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	272,095
Stage 3 [member] | Lifetime ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	273,564
Stage 3 [member] | Lifetime ECL [member] | Foreign Trade Loans [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,336,442	1,561,733
Stage 3 [member] | Lifetime ECL [member] | Other financings [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	76,335	177,773
Stage 3 [member] | Lifetime ECL [member] | Other receivables from financial transactions [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	45,940	32,754
Stage 3 [member] | Lifetime ECL [member] | Receivables from financial leases [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	184,049	129,096
Stage 3 [member] | Personal loans [member] | Lifetime ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	1,154,309	2,630,600
Stage 3 [member] | Personal loans [member] | Lifetime ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	435,054	506,605
Stage 3 [member] | Personal loans [member] | Lifetime ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	719,255	2,123,995
Stage 3 [member] | Credit card loans [member] | Lifetime ECL [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure	$ 545,659	853,883
Stage 3 [member] | Credit card loans [member] | Lifetime ECL [member] | Retail [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		331,160
Stage 3 [member] | Credit card loans [member] | Lifetime ECL [member] | Consumer finance [member]
Maximum Credit Risk Exposure
Maximum credit risk exposure		$ 522,723

RISK MANAGEMENT POLICIES - Expo

RISK MANAGEMENT POLICIES - Exposure to the Group's exchange risk by currency type (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Exchange rate risk
Assets	$ 133,142,903	$ 206,213,605
Liabilities	115,857,073	181,921,254
Exchange rate risk [member]
Exchange rate risk
Assets	38,194,668	64,672,042
Liabilities	37,404,825	62,771,709
Derivatives		20,621
Net position	789,843	1,920,954
Exchange rate risk [member] | US Dollar [member]
Exchange rate risk
Assets	37,455,139	63,782,427
Liabilities	36,825,985	62,036,482
Derivatives		20,621
Net position	629,154	1,766,566
Exchange rate risk [member] | Euro [member]
Exchange rate risk
Assets	593,090	713,445
Liabilities	575,147	730,092
Net position	17,943	(16,647)
Exchange rate risk [member] | Others [member]
Exchange rate risk
Assets	146,439	176,170
Liabilities	3,693	5,135
Net position	$ 142,746	$ 171,035

RISK MANAGEMENT POLICIES - Sens

RISK MANAGEMENT POLICIES - Sensitivity analysis performed reasonably possible changes in foreign exchange rates (Details) - ARS ($) $ in Thousands	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Foreign currency sensitivity analysis
Exchange rate variation	31.90%	29.00%
Exchange rate variation	(31.90%)	(29.00%)
Increase in profit loss	$ 251,960	$ 563,543
Decrease in profit loss	(251,960)	(563,543)
Increase in equity	251,960	563,543
Decrease in equity	$ (251,960)	$ (563,543)
US Dollar [member]
Foreign currency sensitivity analysis
Exchange rate variation	31.90%	29.00%
Exchange rate variation	(31.90%)	(29.00%)
Increase in profit loss	$ 200,700	$ 518,252
Decrease in profit loss	(200,700)	(518,252)
Increase in equity	200,700	518,252
Decrease in equity	$ (200,700)	$ (518,252)
Euro [member]
Foreign currency sensitivity analysis
Exchange rate variation	31.90%	29.00%
Exchange rate variation	(31.90%)	(29.00%)
Increase in profit loss	$ 5,724	$ (4,884)
Decrease in profit loss	(5,724)	4,884
Increase in equity	5,724	(4,884)
Decrease in equity	$ (5,724)	$ 4,884
Others [member]
Foreign currency sensitivity analysis
Exchange rate variation	31.90%	29.00%
Exchange rate variation	(31.90%)	(29.00%)
Increase in profit loss	$ 45,536	$ 50,176
Decrease in profit loss	(45,536)	(50,176)
Increase in equity	45,536	50,176
Decrease in equity	$ (45,536)	$ (50,176)

RISK MANAGEMENT POLICIES - Ex_2

RISK MANAGEMENT POLICIES - Exposure to interest rate risk (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Interest rate risk
Total Financial Assets	$ 133,142,903	$ 206,213,605
Total Financial Liabilities	115,857,073	181,921,254
Banco Supervielle S A and Cordial Compania Financiera S A [Member] | Interest rate risk [member]
Interest rate risk
Total Financial Assets	131,574,379	208,091,277
Total Financial Liabilities	120,488,619	190,825,291
Net Amount	11,085,760	17,265,986
Banco Supervielle S A and Cordial Compania Financiera S A [Member] | Up to 30 [member] | Interest rate risk [member]
Interest rate risk
Total Financial Assets	42,175,254	83,738,836
Total Financial Liabilities	50,567,576	115,241,413
Net Amount	(8,392,322)	(31,502,577)
Banco Supervielle S A and Cordial Compania Financiera S A [Member] | From 30 to 90 [member] | Interest rate risk [member]
Interest rate risk
Total Financial Assets	15,004,746	20,431,857
Total Financial Liabilities	13,421,108	32,447,944
Net Amount	1,583,638	(12,016,087)
Banco Supervielle S A and Cordial Compania Financiera S A [Member] | From 90 to 180 [member] | Interest rate risk [member]
Interest rate risk
Total Financial Assets	11,454,731	17,987,509
Total Financial Liabilities	5,116,494	2,305,325
Net Amount	6,338,237	15,682,184
Banco Supervielle S A and Cordial Compania Financiera S A [Member] | From 180 to 385 [member] | Interest rate risk [member]
Interest rate risk
Total Financial Assets	12,255,255	14,342,770
Total Financial Liabilities	6,674,589	2,307,951
Net Amount	5,580,666	12,034,819
Banco Supervielle S A and Cordial Compania Financiera S A [Member] | More than 365 [member] | Interest rate risk [member]
Interest rate risk
Total Financial Assets	50,684,393	71,590,305
Total Financial Liabilities	44,708,852	38,522,658
Net Amount	$ 5,975,541	$ 33,067,647

RISK MANAGEMENT POLICIES - Se_2

RISK MANAGEMENT POLICIES - Sensitivity to reasonably possible additional variation in interest rates for next year (Details) - Interest rate risk [member] $ in Thousands	12 Months Ended
	Dec. 31, 2019ARS ($)
Interest rate risk
Decrease in the interest rate	$ (357,394)
Increase in the interest rate	$ 260,313
Argentina, Pesos [member]
Interest rate risk
Decrease in the interest rate	4.00%
Increase in the interest rate	4.00%
US Dollar [member]
Interest rate risk
Decrease in the interest rate	2.00%
Increase in the interest rate	2.00%

RISK MANAGEMENT POLICIES - Asse

RISK MANAGEMENT POLICIES - Assets and Liabilities Cash Flows (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Maturity Analysis for Assets and Liabilities
Assets cashflows	$ 268,958,751	$ 220,779,236
Liabilities cashflows	122,163,386	202,875,706
Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	71,187,751	60,838,057
Liabilities cashflows	92,522,913	137,317,043
Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	47,432,628	61,629,897
Liabilities cashflows	12,105,324	29,386,623
Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	28,940,376	27,010,721
Liabilities cashflows	10,051,246	5,359,150
Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	87,483,052	66,650,566
Liabilities cashflows	4,112,193	7,627,122
More than five years [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	33,914,944	4,649,995
Liabilities cashflows	3,371,710	23,185,768
Deposits [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	92,270,819	149,114,720
Deposits [member] | Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	79,694,146	130,152,328
Deposits [member] | Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	7,578,111	17,095,079
Deposits [member] | Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	4,996,317	1,665,000
Deposits [member] | Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	2,245	202,313
Financial liabilities at fair value through profit or loss [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	189,554	1,847,244
Financial liabilities at fair value through profit or loss [member] | Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	189,554	1,847,244
Derivatives [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	319,817	144,944
Derivatives [member] | Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	319,817	144,944
Other financial liabilities [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	7,363,926	5,300,997
Other financial liabilities [member] | Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	4,918,670	4,447,175
Other financial liabilities [member] | Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	408,985	101,685
Other financial liabilities [member] | Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	556,549	145,916
Other financial liabilities [member] | Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	946,443	241,109
Other financial liabilities [member] | More than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	533,279	365,112
Financing received from the Argentine Central Bank and other financial entities [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	9,837,700	14,485,124
Financing received from the Argentine Central Bank and other financial entities [member] | Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	7,400,726	725,352
Financing received from the Argentine Central Bank and other financial entities [member] | Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	966,831	9,620,332
Financing received from the Argentine Central Bank and other financial entities [member] | Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	202,593	1,079,990
Financing received from the Argentine Central Bank and other financial entities [member] | Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	355,116	660,801
Financing received from the Argentine Central Bank and other financial entities [member] | More than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	912,434	2,398,649
Unsubordinated Negotiable Obligations
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	9,818,548	29,539,691
Unsubordinated Negotiable Obligations | Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	3,074,692	2,522,707
Unsubordinated Negotiable Obligations | Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	2,871,655	2,440,731
Unsubordinated Negotiable Obligations | Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	1,946,204	6,448,873
Unsubordinated Negotiable Obligations | More than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	1,925,997	18,127,380
Subordinated negotiable obligations [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	2,363,022	2,442,986
Subordinated negotiable obligations [member] | Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	76,705	46,820
Subordinated negotiable obligations [member] | Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	1,424,132	27,513
Subordinated negotiable obligations [member] | Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows	862,185	74,026
Subordinated negotiable obligations [member] | More than five years [member]
Maturity Analysis for Assets and Liabilities
Liabilities cashflows		2,294,627
Loans and other financing [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	268,958,751	220,779,236
Loans and other financing [member] | Not later than one month [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	71,187,751	60,838,057
Loans and other financing [member] | Later than one month and not later than six months [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	47,432,628	61,629,897
Loans and other financing [member] | Later than six months and not later than one year [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	28,940,376	27,010,721
Loans and other financing [member] | Later than one year and not later than five years [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	87,483,052	66,650,566
Loans and other financing [member] | More than five years [member]
Maturity Analysis for Assets and Liabilities
Assets cashflows	$ 33,914,944	$ 4,649,995

RISK MANAGEMENT POLICIES - Para

RISK MANAGEMENT POLICIES - Paragraphs (Details) - factor	12 Months Ended
	Dec. 31, 2019	Dec. 31, 2018
Credit risk [member]
Disclosure of Risk Management [line items]
Economic capital calculation holding period	1 year
Factoring exposure holding period	6 months
Interest rate risk [member]
Disclosure of Risk Management [line items]
Provision utilization holding period	90 days
Percentage of interest rate confidence level	99.00%
Liquidity risk [member]
Disclosure of Risk Management [line items]
Number of key factors	2
Alert threshold (as a percent)	10.00%
Liquidity stress level period	30 days
Individuals [member] | Credit risk [member]
Disclosure of Risk Management [line items]
Percentage of credit risk confidence level	99.90%
Company [member] | Credit risk [member]
Disclosure of Risk Management [line items]
Percentage of credit risk confidence level	99.00%
Securities Issued by BCRA and Government Security Due November 2020 [Member]
Disclosure of Risk Management [line items]
Percentage to total portfolio	91.30%	74.10%

INTERNATIONAL FINANCING PROGR_2

INTERNATIONAL FINANCING PROGRAMS (Details) $ in Millions	1 Months Ended
	Sep. 30, 2019USD ($)	Dec. 31, 2019USD ($)	Dec. 31, 2019ARS ($)
Disclosure of detailed information about financial instruments [line items]
Loan amount non-complaint with agreement and subject to payment acceleration			$ 7,167
Foreign Trade Credit Facility Program [member]
Disclosure of detailed information about financial instruments [line items]
Credit facility amount		$ 20,000,000
Global Financial Exchange Program [member]
Disclosure of detailed information about financial instruments [line items]
Credit facility amount		$ 30,000,000
Non-Guaranteed Senior Syndicated Loan [Member]
Disclosure of detailed information about financial instruments [line items]
Notional amount	$ 80,000,000
Term	3 years
Borrowings, interest rate basis	Libor
Borrowings, adjustment to interest rate basis	3.40%

BUSINESS COMBINATIONS - (Detail

BUSINESS COMBINATIONS - (Detail) - Futuros del Sur S.A. $ in Thousands	Dec. 18, 2019ARS ($)
Disclosure of detailed information about business combination [line items]
Percentage of stock acquired	100.00%
Cash and banks deposits	$ 2,618
Other financial assets	651
Other assets	54
Miscellaneous obligations	(125)
Net identifiable assets acquired	3,198
Amount paid net of expenses	6,964
Net cash flow used - investment activities	6,964
Goodwill by business combination	$ 3,766

ASSETS AND LIABILITIES IN FOR_3

ASSETS AND LIABILITIES IN FOREIGN CURRENCY (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	$ 3,953,905	$ 2,887,749
Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	41,918,828	65,442,813
Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	37,964,923	62,555,064
US Dollar [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	3,789,523
US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	41,179,299
US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	37,389,776
Euro [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	17,943
Euro [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	593,090
Euro [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	575,147
Real
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	15,285
Real | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	15,285
Others [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	131,154
Others [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	131,154
Deposits [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	23,336,727	48,179,530
Deposits [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	22,855,146
Deposits [member] | Euro [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	481,581
Non-financial public sector [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	2,171,358	12,152,394
Non-financial public sector [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	2,171,272
Non-financial public sector [member] | Euro [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	86
Financial sector [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	9,062	4,581
Financial sector [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	9,062
Non-financial private sector and foreign residents [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	21,156,307	36,022,555
Non-financial private sector and foreign residents [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	20,674,812
Non-financial private sector and foreign residents [member] | Euro [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	481,495
Liabilities at fair value with changes in results [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency		235,188
Other financial liabilities [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	4,091,775	774,926
Other financial liabilities [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	3,998,209
Other financial liabilities [member] | Euro [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	93,566
Financing received from the Argentine Central Bank and other financial entities [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	8,075,471	10,444,759
Financing received from the Argentine Central Bank and other financial entities [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	8,075,471
Subordinated negotiable obligations [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	2,119,888	2,128,759
Subordinated negotiable obligations [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	2,119,888
Other non-financial liabilities [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	341,062	791,902
Other non-financial liabilities [member] | US Dollar [member] | Liabilities [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	341,062
Cash and due from banks | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	13,896,907	25,164,561
Cash and due from banks | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	13,161,262
Cash and due from banks | Euro [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	589,529
Cash and due from banks | Real | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	15,285
Cash and due from banks | Others [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	130,831
Government and corporate securities at fair value with changes in results [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	704,916	4,296,153
Government and corporate securities at fair value with changes in results [member] | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	704,916
Derivatives [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency		20,621
Other Financial Assets [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	1,151,505	915,523
Other Financial Assets [member] | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	1,151,257
Other Financial Assets [member] | Euro [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	248
Loans and other financing [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	21,482,922	32,505,333
Loans and other financing [member] | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	21,479,286
Loans and other financing [member] | Euro [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	3,313
Loans and other financing [member] | Others [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	323
Other Debt Securities [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	65	1,599,586
Other Debt Securities [member] | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	65
Financial assets in guarantee | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	4,503,242	711,530
Financial assets in guarantee | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	4,503,242
Other Non Financial Assets [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	179,271	$ 229,506
Other Non Financial Assets [member] | US Dollar [member] | Assets [member]
Disclosure Of Effect Of Changes In Foreign Exchange Rates Explanatory [line items]
Assets and (liabilities) in foreign currency	$ 179,271

CURRENT_NON-CURRENT DISTINCTI_3

CURRENT/NON-CURRENT DISTINCTION (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
ASSETS
Cash and due from banks	$ 26,403,099	$ 51,822,372	$ 25,205,323
Cash	8,751,111	7,368,112
Argentine Central Bank	15,927,336	42,132,824
Other local financial institutions	1,694,742	2,305,439
Others	29,910	15,997
Debt securities at fair value through profit or loss	568,501	23,247,329	25,902,184
Derivatives	257,587	24,496
Repo transactions	319,817
Other financial assets	2,096,866	2,612,157
Loans and other financing	88,010,011	118,771,635
To the non-financial public sector	28,872	50,460
To the financial sector	64,522	613,101
To the Non-FinancialPrivate Sector and Foreign residents	87,916,617	118,108,074
Other debt securities	10,458,556	6,631,861
Financial assets in guarantee	5,333,704	3,087,750
Current income tax assets	102,458	910,777
Inventories	44,455	107,557
Investments in equity instruments	14,579	16,005
Property, plant and equipment	4,002,078	3,359,290
Investment Property	4,054,737	635,877
Intangible assets	4,372,514	4,170,146
Deferred income tax assets	1,671,195	1,264,222
Non-current assets held for sale		4,307
Other non-financial assets	1,294,351	1,367,029
Total Assets	148,684,691	218,032,810	208,027,788
LIABILITIES
Deposits	89,008,177	145,996,201	128,119,290
Non-financial public sector	5,470,177	17,083,822
Financial sector	28,098	38,821
Non-financial private sector and foreign residents	83,509,902	128,873,558
Liabilities at fair value through profit or loss	189,554	412,403
Derivatives		144,944
Repo transactions	319,817
Other financial liabilities	9,115,565	6,564,396
Financing received from the Argentine Central Bank and other financial institutions	9,017,597	12,357,106	8,008,155
Unsubordinated negotiable Obligations	6,086,475	14,317,445
Current income tax liability		1,217,233
Subordinated negotiable obligations	2,119,888	2,128,759
Provisions	677,018	133,703
Deferred income tax liability	506,291	343,586
Other non-financial liabilities	8,208,914	8,314,639
TOTAL LIABILITIES	125,249,296	191,930,415	$ 176,812,473
Up to 1 year [member]
ASSETS
Cash and due from banks	26,403,099	51,822,372
Cash	8,751,111	7,368,112
Argentine Central Bank	15,927,336	42,132,824
Other local financial institutions	1,694,742	2,305,439
Others	29,910	15,997
Debt securities at fair value through profit or loss	568,501	23,247,329
Derivatives	257,587	24,496
Other financial assets	2,096,866	2,612,157
Loans and other financing	61,827,090	87,503,950
To the non-financial public sector	7,020	11,577
To the financial sector	32,867	550,993
To the Non-FinancialPrivate Sector and Foreign residents	61,787,203	86,941,380
Other debt securities	10,106,598	1,875,097
Financial assets in guarantee	5,333,704	3,082,974
Current income tax assets	102,458	903,591
Inventories	44,455	107,557
Deferred income tax assets	155,663	9,696
Non-current assets held for sale		4,307
Other non-financial assets	754,818	267,224
Total Assets	107,650,839	171,460,750
LIABILITIES
Deposits	89,006,977	145,863,016
Non-financial public sector	5,470,177	17,083,822
Financial sector	28,098	38,821
Non-financial private sector and foreign residents	83,508,702	128,740,373
Liabilities at fair value through profit or loss	189,554	412,403
Derivatives		144,944
Repo transactions	319,817
Other financial liabilities	8,555,100	6,294,616
Financing received from the Argentine Central Bank and other financial institutions	8,688,059	11,013,248
Unsubordinated negotiable Obligations	4,282,707	3,311,927
Current income tax liability		1,217,233
Subordinated negotiable obligations	1,314,985	40,227
Provisions	21,720	17,908
Deferred income tax liability	506,291	9,032
Other non-financial liabilities	6,527,529	7,066,054
TOTAL LIABILITIES	119,412,739	175,390,608
Later than one year [member]
ASSETS
Loans and other financing	26,182,921	31,267,685
To the non-financial public sector	21,852	38,883
To the financial sector	31,655	62,108
To the Non-FinancialPrivate Sector and Foreign residents	26,129,414	31,166,694
Other debt securities	351,958	4,756,764
Financial assets in guarantee		4,776
Current income tax assets		(7,186)
Investments in equity instruments	14,579	16,005
Property, plant and equipment	4,002,078	3,359,290
Investment Property	4,054,737	635,877
Intangible assets	4,372,514	4,170,146
Deferred income tax assets	1,515,532	1,254,526
Other non-financial assets	539,533	1,099,805
Total Assets	41,033,852	46,572,060
LIABILITIES
Deposits	1,200	133,185
Non-financial private sector and foreign residents	1,200	133,185
Other financial liabilities	560,465	269,780
Financing received from the Argentine Central Bank and other financial institutions	329,538	1,343,858
Unsubordinated negotiable Obligations	1,803,768	11,005,518
Subordinated negotiable obligations	804,903	2,088,532
Provisions	655,298	115,795
Deferred income tax liability		334,554
Other non-financial liabilities	1,681,385	1,248,585
TOTAL LIABILITIES	$ 5,836,557	$ 16,539,807

OFFSETTING OF FINANCIAL ASSET_3

OFFSETTING OF FINANCIAL ASSET AND LIABILITIES (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018
Disclosure Of Financial Assets And Liabilities [line items]
Gross amount	$ 310,969
Amount offset	(53,382)
Net in Financial Statements	257,587
Amounts subject to a master netting arrangement not offset, Financial asset / (Financial liability)	(2,288,756)	$ (2,979,844)
Collateral	607,592	816,006
Net amount	(1,681,164)	(2,163,838)
Credit Card [member]
Disclosure Of Financial Assets And Liabilities [line items]
Amounts subject to a master netting arrangement not offset, Financial asset / (Financial liability)	(2,288,756)	(2,979,844)
Collateral	607,592	816,006
Net amount	(1,681,164)	$ (2,163,838)
Derivatives [member]
Disclosure Of Financial Assets And Liabilities [line items]
Gross amount	310,969
Amount offset	(53,382)
Net in Financial Statements	$ 257,587

MINIMUM CAPITAL REQUIREMENTS (D

MINIMUM CAPITAL REQUIREMENTS (Details) - ARS ($) $ in Thousands	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
MINIMUM CAPITAL REQUIREMENTS
Allocated to assets at risk	$ 7,164,842	$ 6,090,341	$ 4,710,391
Allocated to Bank premises and equipment, intangible assets and equity investment assets	826,133	370,233	191,549
Market risk	251,739	301,724	121,155
Public sector and securities in investment account	11,472	96,882	131,109
Operational risk	2,349,952	1,486,516	1,016,501
Required minimum capital under Central Bank rules	10,604,138	8,345,696	6,170,705
Basic net worth	16,991,091	11,847,865	9,903,099
Complementary net worth	1,033,734	1,163,939	913,256
Deductions	(2,999,716)	(867,798)	(386,192)
Total capital under Central Bank rules	15,025,109	12,144,006	10,430,163
Excess capital	$ 4,420,971	$ 3,798,310	$ 4,259,458
Regulatory capital/risk weighted assets	11.60%	11.90%	13.90%
Average shareholders' equity as a percentage of average total assets	10.40%	9.90%	10.50%
Total liabilities as a multiple of total shareholders' equity	7.1	9.4	8.2
Cash as a percentage of total deposits.	28.20%	35.10%	18.20%
Tier 1 Capital / Risk weighted assets..	10.80%	10.80%	12.60%
Multiple to calculate operational risk weighted assets and market risk weighted assets	12.5

SUBSEQUENT EVENTS (Details)

SUBSEQUENT EVENTS (Details) - COVID-19 - country	Apr. 20, 2020	Apr. 13, 2020	Mar. 11, 2020
Subsequent Events
Number of countries affected			100
Maximum credit line preferential rate to SMEs (as a percent)	24.00%
Interest-rate financing policy to eligible clients (as a percent)		0.00%
Minimum rate of non-adjustable time deposits (as percent to average LELIQ)	70.00%