RISK MANAGEMENT POLICIES (Tables)

12 Months Ended

Dec. 31, 2025

RISK MANAGEMENT POLICIES

Summary of maximum credit risk exposure


		December 31, 2025
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Promissory Notes		674,377,742		7,957,263		13,338,516		695,673,521
Unsecured Corporate Loans		382,041,811		18,191,109		29,190,103		429,423,023
Overdrafts		649,118,234		8,458,370		13,501,498		671,078,102
Mortgage Loans		358,382,028		7,300,192		5,983,153		371,665,373
Automobile and other secured loans		215,551,019		37,427,997		28,726,436		281,705,452
Personal Loans		328,441,991		110,688,266		52,394,303		491,524,560
Credit Card Loans		937,790,628		102,486,548		31,095,628		1,071,372,804
Foreign Trade Loans		746,877,760		9,743,300		8,745,221		765,366,281
Other Financings		28,636,931		—		—		28,636,931
Other Receivables from Financial Transactions		64,172,649		773,410		17,582		64,963,641
Receivables from Financial Leases		103,116,413		2,612,325		4,037,487		109,766,225
Total		4,488,507,206		305,638,780		187,029,927		4,981,175,913


		December 31, 2024
		ECL Staging
		Stage 1		Stage 2		Stage 3
Loan Type		12-month ECL		Lifetime ECL		Lifetime ECL		Total
Promissory Notes		398,989,930		2,981,013		1,343,073		403,314,016
Unsecured Corporate Loans		398,685,619		6,697,286		6,202,870		411,585,775
Overdrafts		156,478,148		4,480,019		1,625,463		162,583,630
Mortgage Loans		338,143,843		11,084,989		1,646,591		350,875,423
Automobile and other secured loans		237,353,241		15,558,661		6,721,393		259,633,295
Personal Loans		357,251,201		26,683,595		8,621,232		392,556,028
Credit Card Loans		597,446,711		22,405,806		5,143,579		624,996,096
Foreign Trade Loans		458,166,457		13,633,001		6,347,375		478,146,833
Other Financings		48,350,023		669,452		—		49,019,475
Other Receivables from Financial Transactions		15,129,111		170,047		15,057		15,314,215
Receivables from Financial Leases		77,839,347		4,920,083		469,940		83,229,370
Total		3,083,833,631		109,283,952		38,136,573		3,231,254,156

Summary of exposure to the Group's exchange risk by currency type

 

Balances as of 12/31/2025

Balances as of 12/31/2024

Monetary

Monetary

Monetary

Monetary

Financial

Financial

Net

Financial

Financial

Net

Currency

Assets

 

Liabilities

 

Derivatives

 

Position

 

Assets

 

Liabilities

 

Derivatives

 

Position

US Dollar

1,961,942,927

2,207,023,805

—

(245,080,878)

1,242,787,818

1,221,708,872

173,162

21,252,108

Euro

15,611,655

18,567,005

—

(2,955,350)

8,641,558

10,864,766

—

(2,223,208)

Others

8,315,503

142,025

—

8,173,478

4,100,659

99,183

—

4,001,476

Total

1,985,870,085

2,225,732,835

—

(239,862,750)

1,255,530,035

1,232,672,821

173,162

23,030,376

Summary of sensitivity analysis performed reasonably possible changes in foreign exchange rates


				12/31/2025						12/31/2024
Currency		Variation		P/L		Equity		Variation		P/L		Equity
US Dollar		20.10	%	(51,801,234)		(51,801,234)		16.70	%	3,550,594		3,550,594
US Dollar		(20.10)	%	51,801,234		51,801,234		(16.70)	%	(3,550,594)		(3,550,594)
Euro		20.10	%	(594,512)		(594,512)		16.70	%	(371,432)		(371,432)
Euro		(20.10)	%	594,512		594,512		(16.70)	%	371,432		371,432
Other		20.10	%	1,344,452		1,344,452		16.70	%	668,528		668,528
Other		(20.10)	%	(1,344,452)		(1,344,452)		(16.70)	%	(668,528)		(668,528)
Total		(20.10)	%	51,051,294		51,051,294		(16.70)	%	(3,847,690)		(3,847,690)

Summary of exposure to interest rate risk

Term in days

31/12/2025

Assets and Liabilities

 

Up to 30

 

From 30 to 90

 

from 90 to 180

 

from 180 to 365

 

More than 365

 

Total

Total Financial Assets

3,977,766,195

898,495,304

1,011,404,260

347,589,359

1,719,088,025

7,954,343,143

Total Financial Liabilities

(3,742,639,743)

(965,700,163)

(619,885,615)

(162,839,699)

(1,055,202,777)

(6,546,267,997)

Net Amount

235,126,452

(67,204,859)

391,518,645

184,749,660

663,885,248

1,408,075,146

Term in days

31/12/2024

Assets and Liabilities

 

Up to 30

 

From 30 to 90

 

from 90 to 180

 

from 180 to 365

 

More than 365

 

Total

Total Financial Assets

2,464,996,203

506,424,447

488,969,359

216,113,914

865,326,172

4,541,830,095

Total Financial Liabilities

(2,573,227,041)

(429,219,474)

(209,687,810)

(48,714,749)

(9,158,237)

(3,270,007,311)

Net Amount

(108,230,838)

77,204,973

279,281,549

167,399,165

856,167,935

1,271,822,784

Summary of sensitivity to reasonably possible additional variation in interest rates for next year


		12/31/2025				12/31/2024
				Increase / (decrease)				Increase / (decrease)
		Additional variation in		in the income		Additional variation in		in the income
Items		the interest rate		statement		the interest rate		statement
Decrease in the interest rate		4% ARS; 2% USD		(89,950)		4% ARS; 2% USD		993,025
Increase in the interest rate		4% ARS; 2% USD		(215,583)		4% ARS; 2% USD		(1,585,487)

Schedule of concentration of loans and deposits


		Loans and other financing
		12/31/2025				12/31/2024
Number of Clients		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		437,349,894		10.4%		317,353,626		9.7%
50 following largest customers		723,647,786		17.2%		502,058,690		15.3%
100 following largest customers		452,302,040		10.7%		355,376,585		10.9%
Rest of customers		2,602,051,376		61.7%		2,097,535,388		64.1%
TOTAL		4,215,351,096		100.0%		3,272,324,289		100.0%


		Deposits
		12/31/2025				12/31/2024
Number of customers		Balance		% over total portfolio		Balance		% over total portfolio
10 largest customers		1,696,445,402		33.1%		1,480,893,552		35.5%
50 following largest customers		1,148,984,573		22.4%		904,392,054		21.7%
100 following largest customers		297,647,437		5.8%		229,830,414		5.5%
Rest of customers		1,975,809,067		38.6%		1,559,532,911		37.4%
TOTAL		5,118,886,479		100.0%		4,174,648,931		100.0%

Summary of analysis of the assets and liabilities maturities


		Less than		From 1 to		From 3 to		From 6 months to		From 1 to		More than
As of 12/31/2025		1 month		3 months		6months		1 years		2 years		2 years		Total
Loans and other financing		1,880,391,634		658,037,035		635,082,457		691,010,817		866,650,061		1,735,063,958		6,466,235,962
To the non-financial public sector		8,549,019		-		61,310		61,310		122,620		61,310		8,855,569
To the financial sector		201,571,484		71,849,248		48,426,184		35,885,154		10,137,678		2,640,220		370,509,968
To the Non-Financial Private Sector and Foreign residents		1,670,271,131		586,187,787		586,594,963		655,064,353		856,389,763		1,732,362,428		6,086,870,425
TOTAL ASSETS		1,880,391,634		658,037,035		635,082,457		691,010,817		866,650,061		1,735,063,958		6,466,235,962
Deposits		4,563,497,776		368,532,533		125,227,346		85,845,478		4,523,269		-		5,147,626,402
Non-financial public sector		106,569,059		25,809,812		-		-		-		-		132,378,871
Financial sector		744,014		-		-		-		-		-		744,014
Non-financial private sector and foreign residents		4,456,184,703		342,722,721		125,227,346		85,845,478		4,523,269		-		5,014,503,517
Liabilities at fair value with changes in results		693,909		-		-		-		-		-		693,909
Derivates		-		-		-		-		-		-		-
Repo Transactions		393,411,412		-		-		-		-		-		393,411,412
Other financial liabilities		268,926,496		2,029,583		2,649,598		4,228,906		3,985,338		1,321,314		283,141,235
Financing received from the Argentine Central Bank and other financial institutions		111,953,996		17,064,408		16,734,816		95,193,745		14,237,109		280,857,662		536,041,736
Unsubordinated Negotiable obligations		-		87,158,458		40,202,158		65,988,514		7,901,586		-		201,250,716
TOTAL LIABILITIES		5,338,483,589		474,784,982		184,813,918		251,256,643		30,647,302		282,178,976		6,562,165,410