Fair Values (Tables)
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12 Months Ended |
Dec. 31, 2024 |
Disclosure of fair value measurement of assets [abstract] |
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Schedule of Financial Instruments Measured at Fair Value |
The Group’s financial instruments measured at fair value at the end of the reporting period are detailed below: | | | | | | | | | | | | Portfolio of Instruments as of 12.31.24 | Fair Value Level 1 | Fair Value Level 2 | Fair Value Level 3 | Assets | | | | Argentine Central Bank’s Bills and Notes | 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 | 3,404,684,800 | | 1,216,282,966 | | 95,097,094 | |
(*)They include the operations of obligations for operations with Government Securities of third parties. | | | | | | | | | | | | Portfolio of Instruments as of 12.31.23 | Fair Value Level 1 | Fair Value Level 2 | Fair Value Level 3 | Assets | | | | | | | | Government Securities | 1,352,100,214 | | 2,204,339 | | — | | Corporate Securities | 59,676,329 | | 1,127,388 | | 586,750 | | Derivative Financial Instruments | 48,836 | | 83,385,885 | | — | | Other Debt Securities | 25,159,309 | | 25,265,966 | | — | | Other Financial Assets | 116,508,094 | | 50,928 | | — | | Financial Assets Pledged as Collateral | 85,241,078 | | — | | — | | Investments in Equity Instruments | 6,406,453 | | — | | 16,378,957 | | Total Assets | 1,645,140,313 | | 112,034,506 | | 16,965,707 | | Liabilities | | | | Liabilities at fair value through profit or loss (*) | 116,994,621 | | — | | — | | Derivative Financial Instruments | — | | 28,935,340 | | — | | Total Liabilities | 116,994,621 | | 28,935,340 | | — | | Total | 1,528,145,692 | | 83,099,166 | | 16,965,707 | |
(*)Include the operations of obligations for operations with Government Securities of third parties.
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Summary of Changes in Instruments Included in Fair Value Level 3 |
The evolution of instruments included in Level 3 Fair Value is detailed below: | | | | | | | | | | | | | | | | | | | | | | | | Level 3 | 12.31.23 | Transfers(*) | Recognition | Derecognition | Income (Loss) | 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 | |
(*)Include the movements of levels of financial instruments classified as fair value Level 3, as described below. | | | | | | | | | | | | | | | | | | | | | | | | Level 3 | 12.31.22 | Transfers(*) | Recognition | Derecognition | Income (Loss) | Inflation Effect | 12.31.23 | Government Securities | — | | 6,501,418 | | 2,510,965 | | (11,786,949) | | 3,784,567 | | (1,010,001) | | — | | Corporate Securities | 4,599,441 | | 4,389,011 | | 23,484,716 | | (22,555,780) | | 3,190,443 | | (12,521,081) | | 586,750 | | | | | | | | | | | | | | | | | | Investments in Equity Instruments | 15,684,822 | | — | | 1,900,698 | | (6,163,059) | | 24,210,203 | | (19,253,707) | | 16,378,957 | | Total | 20,284,263 | | 10,890,429 | | 27,896,379 | | (40,505,788) | | 31,185,213 | | (32,784,789) | | 16,965,707 | |
(*)Include the movements of levels of financial instruments classified as fair value Level 3, as described below.
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Summary of Assets and Liabilities Recorded at Amortized Cost |
The Group included below the fair value of the instruments not carried at fair value as of the year-end. | | | | | | | | | | | | | | | | | | Items of Assets/Liabilities as of 12.31.24 | Book Value | Fair Value | Fair Value Level 1 | Fair Value Level 2 | Fair Value Level 3 | Assets | | | | | | Cash and Due from Banks | 7,322,813,233 | | 7,322,813,233 | | 7,322,813,233 | | — | | — | | | | | | | | Loans and Other Financing | 15,594,049,791 | | 15,676,206,090 | | — | | — | | 15,676,206,090 | | Other Financial Assets | 1,523,168,636 | | 1,542,936,332 | | 1,489,565,745 | | — | | 53,370,587 | | Other Debt Securities | 2,367,129,719 | | 2,187,070,553 | | 742,471,831 | | — | | 1,444,598,722 | | Financial Assets Pledged as Collateral | 1,452,094,178 | | 1,401,203,968 | | 1,401,203,968 | | — | | — | | Liabilities | | | | | | Deposits | 20,231,127,931 | | 20,232,584,596 | | — | | 3,378,348,713 | | 16,854,235,883 | | Repurchase Transactions | 423,095,210 | | 423,095,210 | | 423,095,210 | | — | | — | | Financing Received from the Argentine Central Bank and Other Financial Institutions | 479,636,814 | | 478,540,293 | | — | | 12,139 | | 478,528,154 | | Debt Securities | 1,096,011,970 | | 1,092,249,540 | | 1,090,236,004 | | — | | 2,013,536 | | Subordinated Debt Securities | 288,917,745 | | 286,129,831 | | — | | — | | 286,129,831 | | Other Financial Liabilities | 3,868,112,993 | | 3,847,044,492 | | — | | 318,124,338 | | 3,528,920,154 | |
| | | | | | | | | | | | | | | | | | Items of Assets/Liabilities as of 12.31.23 | Book Value | Fair Value | Fair Value Level 1 | Fair Value Level 2 | Fair Value Level 3 | Assets | | | | | | Cash and Due from Banks | 4,718,751,562 | | 4,718,751,562 | | 4,718,751,562 | | — | | — | | Repurchase Transactions | 2,766,551,954 | | 2,766,551,954 | | 2,766,551,954 | | — | | — | | Loans and Other Financing | 7,283,530,406 | | 7,293,368,970 | | — | | — | | 7,293,368,970 | | Other Financial Assets | 304,520,556 | | 322,871,166 | | 240,360,719 | | — | | 82,510,447 | | Other Debt Securities | 4,503,892,247 | | 4,504,905,282 | | 3,807,401,576 | | 62,754,861 | | 634,748,845 | | Financial Assets Pledged as Collateral | 935,063,901 | | 935,200,065 | | 935,200,065 | | — | | — | | Liabilities | | | | | | Deposits | 13,494,564,030 | | 13,496,170,607 | | — | | — | | 13,496,170,607 | | Repurchase Transactions | 55,196,186 | | 55,196,186 | | — | | — | | 55,196,186 | | Financing Received from the Argentine Central Bank and Other Financial Institutions | 326,569,454 | | 325,659,435 | | — | | — | | 325,659,435 | | Debt Securities | 219,201,761 | | 215,538,838 | | 179,008,238 | | — | | 36,530,600 | | Subordinated Debt Securities | 486,118,312 | | 475,413,769 | | — | | — | | 475,413,769 | | Other Financial Liabilities | 3,010,456,587 | | 3,009,333,602 | | — | | — | | 3,009,333,602 | |
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