FAIR VALUES (Tables)
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3 Months Ended |
Mar. 31, 2025 |
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| Disclosure of fair value measurement of assets [abstract] |
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| Schedule of Financial Instruments Measured at Fair Value |
The financial instruments of the group measured at fair value at the end of the period are detailed below: | | | | | | | | | | | | | Items | Level 1 | Level 2 | Level 3 | | Assets | | | | Argentine Central Bank Bills(*) | 7,373,724 | — | — | Government Securities(*) | 944,976,822 | 234,830,834 | 9,980,195 | Corporate Securities(*) | 99,797,558 | 26,619,817 | 7,767,891 | | Derivative Financial Instruments | — | 12,114,688 | — | Other Debt Securities(**) | 2,006,110,656 | 839,905,003 | — | | Other Financial Assets | 250,970,927 | 43,211 | 19,724,965 | | Loans and Other Financing | — | 33,438,340 | — | | Financial Assets Pledged as Collateral | 12,912,024 | — | — | Investments in Equity Instruments(***) | 34,062,429 | — | 38,694,297 | | Total Assets | 3,356,204,140 | 1,146,951,893 | 76,167,348 | | Liabilities | | | | | Liabilities at Fair Value through Profit or Loss | 61,842,719 | — | — | | Derivative Financial Instruments | — | 19,304,382 | — | | Total Liabilities | 61,842,719 | 19,304,382 | — | | Total as of 03.31.25 | 3,294,361,421 | 1,127,647,511 | 76,167,348 |
(*) They are included in Debt Securities at Fair Value through Profit or Loss. (**) For Government Securities at Fair Value through OCI. (***) As a result of the merger between Mercado Abierto Electrónico S.A. and Matba Rofex S.A. on February 28, 2025, a share exchange was carried out between the shareholders of the aforementioned companies for the new shares of A3 Mercados S.A., the company resulting from the merger. These new shares are valued at their quoted market price at the end of the reporting period. | | | | | | | | | | | | | Items | Level 1 | Level 2 | Level 3 | | Assets | | | | Argentine Central Bank Bills(*) | 2,816,801 | — | — | Government Securities(*) | 1,450,991,646 | 12,416,632 | 31,851,611 | Corporate Securities(*) | 62,051,013 | 73,030,873 | 4,768,406 | | Derivative Financial Instruments | — | 4,517,903 | — | Other Debt Securities(**) | 1,512,345,135 | 982,634,164 | 2,553,142 | | Other Financial Assets | 341,279,478 | 47,144 | 20,677,139 | | Loans and Other Financing | — | 26,974,180 | — | | Financial Assets Pledged as Collateral | 34,531,438 | 124,991,769 | — | Investments in Equity Instruments (***) | 10,446,504 | — | 35,246,796 | | Total Assets | 3,414,462,015 | 1,224,612,665 | 95,097,094 | | Liabilities | | | | | Liabilities at Fair Value through Profit or Loss | 9,777,215 | — | — | | Derivative Financial Instruments | — | 8,329,699 | — | | Total Liabilities | 9,777,215 | 8,329,699 | — | | Total as of 12.31.24 | 3,404,684,800 | 1,216,282,966 | 95,097,094 |
(*) They are included in Debt Securities at Fair Value through Profit or Loss. (**) For Government Securities at Fair Value through OCI.
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| Summary of Changes in Instruments Included in Fair Value Level 3 |
The evolution of the instruments included in Level 3 fair value is detailed below: | | | | | | | | | | | | | | | | | | | | | | | | | Level 3 | 12.31.24 | Transfers | Recognition | Derecognition | Income | Inflation Effect | 03.31.25 | | Government Securities | 31,851,611 | (18,151,855) | 8,050,496 | (12,337,521) | 2,202,330 | (1,634,866) | 9,980,195 | | Corporate Securities | 4,768,406 | 1,966,815 | 2,561,275 | (1,275,736) | 160,849 | (413,718) | 7,767,891 | | Other debt securities | 2,553,142 | (2,589,985) | — | — | 36,843 | — | — | | Other Financial Assets | 20,677,139 | — | 3,746,452 | (4,375,313) | 1,308,687 | (1,632,000) | 19,724,965 | | Investments in Equity Instruments | 35,246,796 | (3,588,741) | 1,359,457 | — | 8,456,763 | (2,779,978) | 38,694,297 | | Total | 95,097,094 | (22,363,766) | 15,717,680 | (17,988,570) | 12,165,472 | (6,460,562) | 76,167,348 |
| | | | | | | | | | | | | | | | | | | | | | | | | Level 3 | 12.31.23 | Transfers | Recognition | Derecognition | Income | Inflation Effect | 12.31.24 | | Government Securities | — | 27,559,656 | 7,656,760 | (1,816,970) | 3,803,350 | (5,351,185) | 31,851,611 | | Corporate Securities | 586,750 | 3,684,969 | 5,211,105 | (3,316,469) | (267,420) | (1,130,529) | 4,768,406 | | Other debt securities | — | — | 2,452,871 | — | 100,271 | — | 2,553,142 | | Other Financial Assets | — | — | 22,646,415 | (2,589,263) | 619,987 | — | 20,677,139 | | Investments in Equity Instruments | 16,378,957 | — | 18,567,711 | (4,435,586) | 16,456,888 | (11,721,174) | 35,246,796 | | Total | 16,965,707 | 31,244,625 | 56,534,862 | (12,158,288) | 20,713,076 | (18,202,888) | 95,097,094 |
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| Summary of Assets and Liabilities Recorded at Amortized Cost |
The comparison between the book value and the fair value of the main assets and liabilities recorded at amortized cost at period closing is detailed below: | | | | | | | | | | | | | | | | | | | Items Assets/Liabilities at closing | Book value | Fair value | Level 1 FV | Level 2 FV | Level 3 FV | | Assets | | | | | | | Cash and Due from Banks | 6,161,588,760 | 6,161,588,760 | 6,161,588,760 | — | — | | Repurchase Transactions | 61,100,392 | 61,100,392 | 61,100,392 | — | — | | Loans and Other Financing | 16,450,644,932 | 16,915,905,361 | — | 1,638,470,000 | 15,277,435,361 | | Other Financial Assets | 2,053,116,168 | 2,074,884,556 | 2,042,820,816 | — | 32,063,740 | | Other Debt Securities | 2,055,839,425 | 1,831,097,897 | 1,829,517,856 | — | 1,580,041 | | Financial Assets Pledged as Collateral | 1,073,816,651 | 1,073,816,651 | 1,073,816,651 | — | — | | Liabilities | | | | | | | Deposits | 19,220,849,572 | 19,221,430,554 | — | — | 19,221,430,554 | | Repurchase Transactions | 111,695,652 | 111,695,652 | 111,695,652 | — | — | | Financing from the Argentine Central Bank and Other Financial Institutions | 517,648,489 | 517,651,927 | — | — | 517,651,927 | | Debt Securities | 1,061,434,677 | 1,056,848,014 | 1,056,848,014 | — | — | | Subordinated Debt Securities | 271,441,661 | 272,731,218 | — | — | 272,731,218 | | Other Financial Liabilities | 4,758,917,377 | 4,758,917,377 | — | — | 4,758,917,377 |
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