v3.25.1
CONSOLIDATED STATEMENT OF INCOME - ARS ($)
shares in Thousands, $ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Profit or loss [abstract]      
Interest Income $ 8,950,698,692 $ 11,240,291,786 $ 5,278,101,224
Interest Expense (3,359,592,740) (7,155,627,141) (4,155,211,095)
Net Income from Interest 5,591,105,952 4,084,664,645 1,122,890,129
Fee Income 1,380,202,559 1,292,624,130 1,196,381,562
Fee related Expenses (194,774,890) (178,048,296) (198,491,400)
Net Fee Income 1,185,427,669 1,114,575,834 997,890,162
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss 941,251,781 647,560,109 2,489,320,770
Income from Derecognition of Assets Measured at Amortized Cost 222,930,250 99,551,168 4,398,570
Exchange rate differences on foreign currency 168,110,939 1,448,270,093 148,158,120
Other Operating Income 530,271,688 902,574,796 543,263,644
Insurance Business Result 17,402,929 85,923,679 94,747,023
Impairment Charge (936,733,707) (450,820,015) (386,067,328)
Net Operating Income 7,719,767,501 7,932,300,309 5,014,601,090
Personnel Expenses (1,119,867,405) (830,935,184) (713,356,120)
Administrative Expenses (818,639,775) (697,981,452) (660,552,321)
Depreciation Expenses (204,183,208) (199,254,844) (205,243,399)
Other Operating Expenses (1,367,977,988) (1,337,134,892) (936,946,928)
Loss on net monetary position (2,589,255,542) (3,590,114,689) (2,012,714,692)
Operating Income 1,619,843,583 1,276,879,248 485,787,630
Share of profit from Associates and Joint Ventures [1] 780,861,835 6,927,198 (3,248,641)
Income before Taxes from Continuing Operations 2,400,705,418 1,283,806,446 482,538,989
Income Tax from Continuing Operations (636,881,205) (486,656,385) (124,930,000)
Net Income from Continuing Operations 1,763,824,213 797,150,061 357,608,989
Net Income for the Year 1,763,824,213 797,150,061 357,608,989
Net Income for the Year Attributable to parent company´s owners 1,763,971,045 797,156,007 357,608,923
Net Income for the Year Attributable to Non-controlling Interests (146,832) (5,946) 66
Earnings per Share      
Net Income Attributable to parent company´s owners 1,763,971,045 797,156,007 357,608,923
Net Income Attributable to parent company´s owners Adjusted by dilution effects $ 1,763,971,045 $ 797,156,007 $ 357,608,923
Weighted-Average of Ordinary Shares Outstanding for the Year (in shares) 1,483,089 1,474,692 1,474,692
Diluted Weighted-Average of Ordinary Shares Outstanding for the Year (in shares) 1,483,089 1,474,692 1,474,692
Basic Earnings per Share (in ars per share) $ 1,189.39 $ 540.56 $ 242.50
Diluted Earnings per Share (in ars per shares) $ 1,189.39 $ 540.56 $ 242.50
[1] Includes bargain purchase gain on acquisition of subsidiaries. See Note 15.3.