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Related Party Transactions
 12 Months Ended
Dec. 31, 2022
Disclosure of transactions between related parties [abstract]  
Related Party Transactions
NOTE 51. RELATED PARTY TRANSACTIONS
Human and legal persons who directly or indirectly exert control over the Entity, or are controlled by it, are considered related parties; they include the Subsidiaries, Associates and Affiliates; the members of the Board of Directors, Syndics and personnel in charge of Senior Management; human persons who hold similar positions in financial institutions or complementary services companies; companies or sole proprietor ships over which key personnel may exert significant influence or control, and spouses, partners and relatives up to the second degree of consanguinity or first degree of affinity of all human persons directly or indirectly linked to the Group.
The Group controls another entity when it has power over the financial and operational decisions of other entities, and in turn, obtains benefits from it.
On the other hand, the Group considers that it has joint control when there is an agreement between the parties on the control of a common economic activity.
Finally, those cases where the Group exerts significant influence means the capacity to participate in the decisions of the financial policy and the company’s operations. Shareholders with an interest equal to or greater than 20% of the Group’s total votes or its subsidiaries are considered to exert a significant influence. In determining said situations, not only the legal aspects are observed but also the nature and substance of the relationship.
Additionally, the key personnel of the Group’s Management (members of the Board of Directors and Managers) and the entities over which the key personnel can exert significant influence or control are considered related parties.
51.1.    Controlling Entity
The Group is controlled by:
NameNaturePrincipal Line of BusinessPlace of BusinessEquity Investment %
EBA Holding S.A.
54.09% of voting rights
Financial and Investment
Operations		Autonomous City of Buenos Aires – Argentina19.07%
51.2.    Key Personnel’s Compensation
The compensation earned by the Group’s key personnel as of December 31, 2022 and December 31, 2021 amounts to Ps.4,072,411 and Ps.4,107,123 respectively.
51.3.    Key Personnel’s Structure
Key personnel’s structure as of the indicated dates is as follows:
12.31.2212.31.21
Regular Directors7980
General Manager11
Area and department Managers9589
Total175170
51.4.    Related Party Transactions
The following table shows the total credit assistance granted by the Group to key personnel, syndics, majority shareholders, as well as all individuals who are related to them by a family relationship of up to the second degree of consanguinity or first degree by affinity (pursuant to the Argentine Central Bank’s definition of related individual) and any entity affiliated with any of these parties, not required to be consolidated.
12.31.2212.31.21
Total Amount of Credit Assistance5,505,721 8,589,049 
Number of Addressees (quantities)279280
- Natural Persons219221
- Legal Entities6059
Average Amount of Credit Assistance19,734 30,676 
Maximum Assistance843,892 3,238,904 
Financial assistance, including the one that was restructured, was granted in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other non-related parties. Besides, this financial assistance did not involve more than the normal risk of loan losses or present other unfavorable features.
The information about the credit assistance granted to affiliates based on the quality of receivables, their documentation and preferred guarantees is stated in Schedule N.
51.5.    Amounts of Related Party Transactions
The amounts of related party transactions conducted as of the indicated dates are as follows:
12.31.2212.31.21
Assets
Cash and Due from Banks5,048,868 8,357,923 
Debt Securities at Fair Value through Profit or Loss4,057,904 1,217,662 
Derivative Financial Instruments1,241,177 660,119 
Repurchase Transactions10,916,515 — 
Other Financial Assets51,720 — 
Loans and Other Financing35,453,589 18,041,984 
Other Debt Securities362,621 244,647 
Total Assets57,132,394 28,522,335 
Liabilities  
Deposits7,352,996 9,335,744 
Derivative Financial Instruments1,241,177 660,119 
Repurchase Transactions10,916,515 — 
Other Financial Liabilities74,970 199,199 
Financing Received from the Argentine Central Bank and other Financial Institutions33,068,323 16,808,004 
Debt Securities Issued4,420,525 1,462,309 
Liabilities for Insurance Contracts4,332 1,724 
Other Non-financial Liabilities53,556 55,236 
Total Liabilities57,132,394 28,522,335 
12.31.2212.31.2112.31.20
Income (Loss)
Net Income (Loss) from Interest2,098,935 (1,101,914)(665,867)
Net Fee Income (Expense)2,974,406 3,452,512 3,192,339 
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss(2,258,171)660,119 2,658 
Other Operating Income (Expense)2,963,883 3,087,267 3,509,103 
Income from Insurance Business(5,114,755)(6,037,909)(5,896,993)
Administrative Expenses(325,204)(273,741)— 
Other Operating Expenses(7,096)(14,267)(42,513)
Total Income331,998 (227,933)98,727