| Offsetting of Financial Assets and Liabilities |
| | | NOTE 47. OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES |
Financial assets and liabilities are offset, and the net amount is reported in the statement of financial position where the Group currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. The disclosures in the following tables include financial assets and liabilities that: •are offset in the Group’s consolidated statement of financial position; or •are subject to a netting agreement or similar agreement that covers similar financial instruments, regardless of whether they are offset in the consolidated statement of financial position. Financial instruments such as loans and deposits are not disclosed in the following tables since they are not offset in the consolidated statement of financial position. The financial instruments subject to offsetting, master netting agreements and similar agreements as of December 31, 2024 and 2023 are as follows: | | | | | | | | | | | | | | | | | | | Offsetting effects on Statement of
Financial Position | Related amounts not
offset | | 12.31.24 | Gross
Amount | Offset
Amount | Net
amounts in
Statement
Financial
Position | Subject to
netting
agreements | Total Net
Amount | | Financial Assets | | | | | | | Derivate Instruments | 6,111,806 | | — | | 6,111,806 | | (4,398,098) | | 1,713,708 | | Transfers from customers of other banks(*) | 86,582,175 | | (8,196,102) | | 78,386,073 | | (32,850,343) | | 45,535,730 | | Consumption of foreign cards(*) | 54,154,618 | | — | | 54,154,618 | | (18,198,266) | | 35,956,352 | | | Total | 146,848,599 | | (8,196,102) | | 138,652,497 | | (55,446,707) | | 83,205,790 | | | Financial Liabilities | | | | | | | Derivate Instruments | 5,147,906 | | — | | 5,147,906 | | (4,398,098) | | 749,808 | | Transfers from customers of other banks(**) | 43,698,582 | | (8,196,102) | | 35,502,480 | | (32,850,343) | | 2,652,137 | | Consumption of foreign cards(**) | 18,198,266 | | — | | 18,198,266 | | (18,198,266) | | — | | | Total | 67,044,754 | | (8,196,102) | | 58,848,652 | | (55,446,707) | | 3,401,945 | |
(*) Included within Loans and Other Financing. (**) Included within Other Non-financial Liabilities. | | | | | | | | | | | | | | | | | | | Offsetting effects on Statement of
Financial Position | Related amounts not
offset | | 12.31.23 | Gross
Amount | Offset
Amount | Net
amounts in
Statement
Financial
Position | Subject to
netting
agreements | Total Net
Amount | | Financial Assets | | | | | | | Derivate Instruments | 19,115,163 | | — | | 19,115,163 | | (13,668,584) | | 5,446,579 | | Transfers from customers of other banks(*) | 49,064,798 | | — | | 49,064,798 | | (28,862,043) | | 20,202,755 | | Consumption of foreign cards(*) | 29,505,709 | | — | | 29,505,709 | | (4,738,710) | | 24,766,999 | | | Total | 97,685,670 | | — | | 97,685,670 | | (47,269,337) | | 50,416,333 | | | Financial Liabilities | | | | | | | Derivate Instruments | 15,290,720 | | — | | 15,290,720 | | (13,668,586) | | 1,622,134 | | Transfers from customers of other banks(**) | 28,862,043 | | — | | 28,862,043 | | (28,862,043) | | — | | Consumption of foreign cards(**) | 4,738,710 | | — | | 4,738,710 | | (4,738,710) | | — | | | Total | 48,891,473 | | — | | 48,891,473 | | (47,269,339) | | 1,622,134 | |
(*) Included within Loans and Other Financing. (**) Included within Other Non-financial Liabilities.
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