XML 66 R51.htm IDEA: XBRL DOCUMENT v3.24.1.u1
Segment Reporting
 12 Months Ended
Dec. 31, 2023
Disclosure of operating segments [abstract]  
Segment Reporting
NOTE 44. SEGMENT REPORTING
The Group determines segments based on management reports that are reviewed by the Board of Directors and updated as they show changes.
Reportable segments are one or more operating segments with similar economic characteristics, distribution channels and regulatory environments.
Below there is a description of each business segment’s composition:
a.Bank: It represents the banking business operation results.
b.Naranja X: This segment represents the results of operations of brand credit cards, consumer finance and digital banking services business. Includes the results of operations of Tarjetas Regionales S.A. consolidated with its subsidiaries, as follows: Cobranzas Regionales S.A., Naranja Digital Companía Financiera S.A.U. and Tarjeta Naranja S.A.U. At of 12.31.21, it incorporated the results of Ondara S.A., liquidated in the previous financial year.
c.Insurance: This segment represents the results of operations of the insurance companies’ business and includes the results of operations of Sudamericana Holding S.A. consolidated with its subsidiaries, as follows: Galicia Retiro Cía. de Seguros S.A.U., Galicia Seguros S.A.U., Galicia Broker Asesores de Seguros S.A., Well Assistance S.A.U. and, as from this fiscal year, Sudamericana Seguros Galicia S.A. (formerly Seguros SURA S.A.).
d.Other Businesses: This segment shows the results of operations of Galicia Asset Management S.A.U., Galicia Warrants S.A., Galicia Securities S.A.U., Agri Tech Investments LLC, Agri Tech Investments Argentina S.A.U., IGAM LLC, Inviu S.A.U., INVIU Uruguay Agente de Valores S.A., Galicia Investments LLC, Galicia Ventures LP, Galicia Holdings LLC and Grupo Financiero Galicia S.A., the last net of eliminations of the income from equity investments.
e.Adjustments: This segment includes consolidation adjustments and eliminations of transactions among subsidiaries. See Note 51.5.
The operating income (loss) of the Group’s different operating segments is monitored separately in order to make decisions on resource allocation and the evaluation of each segment’s performance. Segment performance is evaluated based on operating income or losses and is consistently measured with the operating income and losses of the consolidated income statement.
Intersegment transactions are at arm’s length similarly to transactions performed with third parties. Income, expenses and income (losses) resulting from the transfers among operating segments are then eliminated from consolidation.
On July 26, 2021, INVIU Uruguay Agente de Valores S.A. was authorized by the Central Bank of Uruguay to operate as a Securities Agent, in order to provide financial advice to foreign customers. At the closing of the fiscal year 2021, the volume of operations reached by said Company was not significant.
The relevant segment reporting as of the indicated dates is as follows:
Bank Naranja X Insurance Other
Businesses 		Adjustments Total as of
12.31.23
Net Income from interest1,461,943,165 260,608,702 8,101,150 (240,419)(2,726,778)1,727,685,820 
Net fee Income291,308,376 186,248,020 — 3,946,005 (10,071,566)471,430,835 
Net Income from Financial Instruments measured at fair value through Profit or Loss116,826,823 96,839,582 (11,615,003)66,944,095 4,902,244 273,897,741 
Income from Derecognition of Assets Measured at Amortized Cost42,347,453 (247,465)— 7,053 — 42,107,041 
Exchange rate Differences on Foreign Currency532,622,795 4,934,354 54,441,086 20,574,870 — 612,573,105 
Other Operating Income278,827,435 39,256,149 11,956,374 59,218,160 (7,497,114)381,761,004 
Insurance Business Result— — 21,244,700 — 15,098,338 36,343,038 
Impairment Charge(125,750,326)(64,933,672)1,184 — — (190,682,814)
Personnel Expenses(251,554,961)(77,675,268)(12,732,861)(9,496,591)— (351,459,681)
Administrative Expenses(204,566,843)(76,730,350)(6,852,605)(7,899,968)825,369 (295,224,397)
Depreciation Expenses(70,120,173)(12,177,651)(1,210,764)(770,000)— (84,278,588)
Other Operating Expenses(410,391,059)(105,020,142)(35,547,025)(14,609,835)1,682 (565,566,379)
Loss on net monetary position(1,223,843,712)(225,076,997)(19,458,601)(50,127,295)— (1,518,506,605)
Operating Income437,648,973 26,025,262 8,327,635 67,546,075 532,175 540,080,120 
Share of profit from Associates and Joint Ventures(1,946,669)— 4,876,658 — — 2,929,989 
Income before Taxes from Continuing Operations435,702,304 26,025,262 13,204,293 67,546,075 532,175 543,010,109 
Income Tax from Continuing Operations(155,272,782)(12,298,583)(1,828,830)(36,440,286)— (205,840,481)
Net Income from Continuing Operations280,429,522 13,726,679 11,375,463 31,105,789 532,175 337,169,628 
Net Income for the Year280,429,522 13,726,679 11,375,463 31,105,789 532,175 337,169,628 
Other Comprehensive Income (Loss)— 473,099 198,482 871,090 — 1,542,671 
Net Income (Loss) for the Year Attributable to Parent Company´s Owners280,429,522 14,199,778 11,576,460 31,976,879 532,175 338,714,814 
Net Income for the Year Attributable to Non-controlling Interests— — (2,515)— — (2,515)
Bank Naranja X Insurance Other
 Businesses 		Adjustments Total as of
12.31.22
Net Income from interest240,461,814 209,707,226 29,839,442 1,475,281 (6,536,244)474,947,519 
Net fee Income255,931,705 175,334,452 — 72,803 (9,262,528)422,076,432 
Net Income from Financial Instruments measured at fair value through Profit or Loss997,642,066 41,654,951 (20,148,716)26,724,671 7,032,117 1,052,905,089 
Income from Derecognition of Assets Measured at Amortized Cost1,912,283 (51,825)— — — 1,860,458 
Exchange rate Differences on Foreign Currency60,255,103 (407,063)14,079 2,804,148 — 62,666,267 
Other Operating Income154,698,888 35,795,456 5,197,185 42,121,101 (8,029,042)229,783,588 
Insurance Business Result— — 24,639,180 — 15,435,857 40,075,037 
Impairment Charge(110,110,570)(53,187,621)3,746 — — (163,294,445)
Personnel Expenses(208,152,430)(76,069,669)(11,533,982)(5,971,322)— (301,727,403)
Administrative Expenses(197,356,606)(69,712,621)(5,905,239)(8,068,006)1,649,430 (279,393,042)
Depreciation Expenses(69,133,836)(15,617,031)(1,742,818)(317,875)— (86,811,560)
Other Operating Expenses(285,193,414)(105,504,991)(73,296)(5,578,374)50,735 (396,299,340)
Loss on net monetary position(692,019,044)(129,557,877)(6,065,467)(23,673,188)— (851,315,576)
Operating Income148,935,959 12,383,387 14,224,114 29,589,239 340,325 205,473,024 
Share of profit from Associates and Joint Ventures(1,374,074)— — — — (1,374,074)
Income before Taxes from Continuing Operations147,561,885 12,383,387 14,224,114 29,589,239 340,325 204,098,950 
Income Tax from Continuing Operations(19,580,911)(6,088,306)(6,699,798)(20,472,481)— (52,841,496)
Net Income from Continuing Operations127,980,974 6,295,081 7,524,316 9,116,758 340,325 151,257,454 
Net Income for the Year127,980,974 6,295,081 7,524,316 9,116,758 340,325 151,257,454 
Other Comprehensive Income (Loss)(3,516,138)(44)(56,869)581,896 — (2,991,155)
Net Income (Loss) for the Year Attributable to Parent Company´s Owners124,464,836 6,295,037 7,467,419 9,698,654 340,325 148,266,271 
Net Income for the Year Attributable to Non-controlling Interests— — 28 — — 28 
Bank Naranja X Insurance Other
Businesses 		Adjustments Total as of
12.31.21
Net Income from interest417,744,914 227,076,403 14,145,228 480,495 3,431,444 662,878,484 
Net fee Income255,306,200 168,107,624 — (163,066)(10,751,388)412,499,370 
Net Income from Financial Instruments measured at fair value through Profit or Loss579,672,864 2,538,024 (9,166,643)8,981,497 (2,055,661)579,970,081 
Income from Derecognition of Assets Measured at Amortized Cost99,088 1,189 — — — 100,277 
Exchange rate Differences on Foreign Currency22,406,058 885,977 237,393 3,735,576 — 27,265,004 
Other Operating Income99,010,114 36,029,925 2,296,106 27,713,454 (9,613,987)155,435,612 
Insurance Business Result— — 25,782,326 — 18,802,510 44,584,836 
Impairment Charge(87,908,002)(45,218,721)(24,379)— — (133,151,102)
Personnel Expenses(189,101,103)(75,406,262)(9,795,221)(7,428,760)— (281,731,346)
Administrative Expenses(196,398,875)(66,117,904)(4,934,656)(6,340,385)852,450 (272,939,370)
Depreciation Expenses(65,648,219)(19,850,619)(2,204,381)(238,631)— (87,941,850)
Other Operating Expenses(247,338,558)(85,530,697)(83,365)(2,875,299)44,427 (335,783,492)
Loss on net monetary position(389,734,768)(78,900,186)(4,010,184)(9,614,229)— (482,259,367)
Operating Income198,109,713 63,614,753 12,242,224 14,250,652 709,795 288,927,137 
Share of profit from Associates and Joint Ventures(783,437)— — — — (783,437)
Income before Taxes from Continuing Operations197,326,276 63,614,753 12,242,224 14,250,652 709,795 288,143,700 
Income Tax from Continuing Operations(59,589,927)(25,865,643)(5,051,093)(9,018,091)— (99,524,754)
Net Income from Continuing Operations137,736,349 37,749,110 7,191,131 5,232,561 709,795 188,618,946 
Net Income for the Year137,736,349 37,749,110 7,191,131 5,232,561 709,795 188,618,946 
Other Comprehensive Income (Loss)456,243 (1,923)74,588 (24,223)— 504,685 
Net Income (Loss) for the Year Attributable to Parent Company´s Owners138,192,592 37,747,187 7,265,719 5,208,338 709,795 189,123,631 
Net Income for the Year Attributable to Non-controlling Interests— — — — — — 
BankNaranja XInsuranceOther
Businesses		Adjustments Total as of
12.31.23
ASSETS
Cash and Due from Banks1,923,492,910 19,499,608 4,505,913 81,312,001 (32,925,610)1,995,884,822 
Debt Securities at fair value through profit or loss462,568,153 63,364,262 69,021,323 18,033,267 (14,192,140)598,794,865 
Derivative Financial Instruments35,269,630 6,480,001 — 1,525 (6,460,870)35,290,286 
Repurchase Transactions1,085,918,848 105,627,805 — — (21,381,414)1,170,165,239 
Other Financial Assets122,736,808 6,528,263 15,484,688 43,226,200 (9,872,423)178,103,536 
Loans and Other Financing2,231,642,390 910,598,989 — 4,343,533 (65,878,587)3,080,706,325 
Other Debt Securities1,791,809,860 118,477,198 16,047,290 — — 1,926,334,348 
Financial Assets Pledged as Collateral386,287,915 31,883,475 — 13,385,812 — 431,557,202 
Current Income Tax Assets— — 1,945,136 100,751 — 2,045,887 
Investments in Equity Instruments6,897,267 — 113,495 2,626,756 — 9,637,518 
Equity Investments in Associates and Joint Ventures2,650,357 — — — — 2,650,357 
Property, Plant and Equipment315,533,809 32,594,924 6,427,153 703,275 — 355,259,161 
Intangible Assets102,859,938 8,781,857 9,904,081 2,068,943 — 123,614,819 
Deferred Income Tax Assets130,619,812 29,379,013 28,101,866 1,652,818 — 189,753,509 
Insurance Contract Assets— — 9,821,667 — — 9,821,667 
Reinsurance Contract Assets— — 28,616,023 — — 28,616,023 
Other Non-financial Assets56,147,521 7,111,263 2,398,533 12,090,011 (8)77,747,320 
Non-current Assets Held for Sale74,920 — — — — 74,920 
TOTAL ASSETS8,654,510,138 1,340,326,658 192,387,168 179,544,892 (150,711,052)10,216,057,804 
LIABILITIES
Deposits5,544,973,263 205,592,886 — 6,169 (42,792,375)5,707,779,943 
Liabilities at Fair Value Through Profit or Loss49,485,078 — — — — 49,485,078 
Derivative Financial Instruments18,699,617 — — — (6,460,870)12,238,747 
Repurchase Transactions23,346,266 21,381,414 — — (21,381,414)23,346,266 
Other Financial Liabilities666,102,899 533,865,638 — 80,959,134 (7,598,375)1,273,329,296 
Financing Received from the Argentine Central Bank and Other Financial Institutions43,517,158 151,641,933 — 547,744 (57,578,136)138,128,699 
Debt Securities15,536,702 89,196,654 — — (12,017,844)92,715,512 
Current Income Tax Liabilities236,104,364 9,946,179 8,939,382 17,410,620 — 272,400,545 
Subordinated Debt Securities207,787,189 — — — (2,174,296)205,612,893 
Provisions17,303,410 2,169,812 813,844 100,877 — 20,387,943 
Deferred Income Tax Liabilities— — 12,952,332 4,403,004 — 17,355,336 
Insurance Contracts Liabilities— — 105,704,654 — (4,122)105,700,532 
Reinsurance Contracts Liabilities— — 2,163,638 — — 2,163,638 
Other Non-financial Liabilities188,628,579 50,722,836 27,905,247 11,616,335 (703,620)278,169,377 
TOTAL LIABILITIES7,011,484,525 1,064,517,352 158,479,097 115,043,883 (150,711,052)8,198,813,805 
BankNaranja XInsuranceOther
Businesses		Adjustments Total as of
12.31.22
ASSETS
Cash and Due from Banks1,352,238,811 20,640,510 40,103 36,489,991 (15,722,561)1,393,686,854 
Debt Securities at fair value through profit or loss2,465,120,440 624,871 362,600 13,719,057 (12,636,623)2,467,190,345 
Derivative Financial Instruments10,361,046 3,867,035 — — (3,865,120)10,362,961 
Repurchase Transactions326,075,813 67,669,329 — — (33,994,862)359,750,280 
Other Financial Assets136,546,759 4,126,282 3,591,735 30,336,527 (161,060)174,440,243 
Loans and Other Financing2,949,581,640 1,022,897,139 — 9,553,192 (110,405,186)3,871,626,785 
Other Debt Securities1,091,174,800 23,135,122 18,999,342 9,673,861 (1,129,230)1,141,853,895 
Financial Assets Pledged as Collateral311,693,475 159,017,265 — 2,948,796 — 473,659,536 
Current Income Tax Assets— — 1,147,220 130,324 — 1,277,544 
Investments in Equity Instruments6,972,517 — — 22 — 6,972,539 
Equity Investments in Associates and Joint Ventures2,076,371 — — — — 2,076,371 
Property, Plant and Equipment317,642,825 37,401,257 5,178,335 452,996 — 360,675,413 
Intangible Assets107,513,800 10,290,005 229,258 1,899,423 — 119,932,486 
Deferred Income Tax Assets— 19,432,837 1,389,507 1,866,954 — 22,689,298 
Insurance Contract Assets— — 3,495,903 — — 3,495,903 
Reinsurance Contract Assets— — 98,766 — — 98,766 
Other Non-financial Assets46,733,979 19,558,131 595,963 11,495,019 — 78,383,092 
Non-current Assets Held for Sale3,896 — — — — 3,896 
TOTAL ASSETS9,123,736,172 1,388,659,783 35,128,732 118,566,162 (177,914,642)10,488,176,207 
LIABILITIES     
Deposits6,609,022,940 83,996,986 — 160,254 (22,897,792)6,670,282,388 
Liabilities at Fair Value Through Profit or Loss243,592 — — — — 243,592 
Derivative Financial Instruments9,140,721 — — — (3,865,121)5,275,600 
Repurchase transactions— 33,994,862 — — (33,994,862)— 
Other Financial Liabilities472,735,547 583,560,862 — 30,189,281 (233,462)1,086,252,228 
Financing Received from the Argentine Central Bank and Other Financial Institutions32,759,770 186,902,377 — — (102,977,285)116,684,862 
Debt Securities38,560,273 184,793,285 — — (13,765,853)209,587,705 
Current Income Tax Liabilities9,721,726 3,624,016 3,944,915 10,113,007 — 27,403,664 
Subordinated Debt Securities141,394,653 — — — — 141,394,653 
Provisions30,610,661 530,997 621,588 171,680 — 31,934,926 
Deferred Income Tax Liabilities16,332,680 — 388,195 3,104,558 — 19,825,433 
Insurance Contracts Liabilities— — 4,081,691 — (13,490)4,068,201 
Other Non-financial Liabilities209,158,102 42,567,634 6,103,048 21,679,077 (166,777)279,341,084 
TOTAL LIABILITIES7,569,680,665 1,119,971,019 15,139,437 65,417,857 (177,914,642)8,592,294,336 
The information by geographic segments as of the indicated dates is presented below:
ArgentinaUruguayAdjustmentsTotal as of
12.31.23
Net Income from interest1,730,412,598 — (2,726,778)1,727,685,820 
Net fee Income482,055,942 (553,541)(10,071,566)471,430,835 
Net Income from Financial Instruments measured at fair value through Profit or Loss268,610,079 385,418 4,902,244 273,897,741 
Income from Derecognition of Assets Measured at Amortized Cost42,107,041 — — 42,107,041 
Exchange rate Differences on Foreign Currency612,413,410 159,695 — 612,573,105 
Other Operating Income388,991,665 266,453 (7,497,114)381,761,004 
Insurance Business Result21,244,700 — 15,098,338 36,343,038 
Impairment Charge(190,682,814)— — (190,682,814)
Personnel Expenses(351,086,954)(372,727)— (351,459,681)
Administrative Expenses(295,505,737)(544,029)825,369 (295,224,397)
Depreciation Expenses(84,269,572)(9,016)— (84,278,588)
Other Operating Expenses(565,565,032)(3,029)1,682 (565,566,379)
Loss on net monetary position(1,517,933,224)(573,381)— (1,518,506,605)
Operating Income540,792,102 (1,244,157)532,175 540,080,120 
Share of profit from Associates and Joint Ventures2,929,989 — — 2,929,989 
Income before Taxes from Continuing Operations543,722,091 (1,244,157)532,175 543,010,109 
Income Tax from Continuing Operations(205,840,481)— — (205,840,481)
Net Income from Continuing Operations337,881,610 (1,244,157)532,175 337,169,628 
Net Income for the Year337,881,610 (1,244,157)532,175 337,169,628 
Other Comprehensive Income (Loss)671,177 871,494 — 1,542,671 
Net Income (Loss) for the Year Attributable to Parent Company´s Owners338,555,302 (372,663)532,175 338,714,814 
Net Income for the Year Attributable to Non-controlling Interests(2,515)— — (2,515)
ArgentinaUruguayAdjustmentsTotal as of
12.31.22
Net Income from interest481,483,763 — (6,536,244)474,947,519 
Net fee Income431,461,941 (122,981)(9,262,528)422,076,432 
Net Income from Financial Instruments measured at fair value through Profit or Loss1,045,734,271 138,701 7,032,117 1,052,905,089 
Income from Derecognition of Assets Measured at Amortized Cost1,860,458 — — 1,860,458 
Exchange rate Differences on Foreign Currency62,641,479 24,788 — 62,666,267 
Other Operating Income237,750,700 61,930 (8,029,042)229,783,588 
Insurance Business Result24,639,180 — 15,435,857 40,075,037 
Impairment Charge(163,294,445)— — (163,294,445)
Personnel Expenses(301,507,773)(219,630)— (301,727,403)
Administrative Expenses(280,563,505)(478,967)1,649,430 (279,393,042)
Depreciation Expenses(86,809,175)(2,385)— (86,811,560)
Other Operating Expenses(396,348,879)(1,196)50,735 (396,299,340)
Loss on net monetary position(851,092,178)(223,398)— (851,315,576)
Operating Income205,955,837 (823,138)340,325 205,473,024 
Share of profit from Associates and Joint Ventures(1,374,074)— — (1,374,074)
Income before Taxes from Continuing Operations204,581,763 (823,138)340,325 204,098,950 
Income Tax from Continuing Operations(52,841,496)— — (52,841,496)
Net Income from Continuing Operations151,740,267 (823,138)340,325 151,257,454 
Net Income for the Year151,740,267 (823,138)340,325 151,257,454 
Other Comprehensive Income (Loss)(3,573,051)581,896 — (2,991,155)
Net Income (Loss) for the Year Attributable to Parent Company´s Owners148,167,188 (241,242)340,325 148,266,271 
Net Income for the Year Attributable to Non-controlling Interests28 — — 28 
ArgentinaUruguayAdjustments Total as of
12.31.23
ASSETS
Cash and Due from Banks2,027,953,634 856,798 (32,925,610)1,995,884,822 
Debt Securities at fair value through profit or loss612,987,005 — (14,192,140)598,794,865 
Derivative Financial Instruments41,749,631 1,525 (6,460,870)35,290,286 
Repurchase Transactions1,191,546,653 — (21,381,414)1,170,165,239 
Other Financial Assets187,975,959 — (9,872,423)178,103,536 
Loans and Other Financing3,146,574,476 10,436 (65,878,587)3,080,706,325 
Other Debt Securities1,926,334,348 — — 1,926,334,348 
Financial Assets Pledged as Collateral430,895,166 662,036 — 431,557,202 
Current Income Tax Assets2,045,887 — — 2,045,887 
Investments in Equity Instruments9,637,518 — — 9,637,518 
Equity Investments in Associates and Joint Ventures2,650,357 — — 2,650,357 
Property, Plant and Equipment354,991,354 267,807 — 355,259,161 
Intangible Assets123,613,994 825 — 123,614,819 
Deferred Income Tax Assets189,753,509 — — 189,753,509 
Insurance Contract Assets9,821,667 — — 9,821,667 
Reinsurance Contract Assets28,616,023 — — 28,616,023 
Other Non-financial Assets77,737,191 10,137 (8)77,747,320 
Non-current Assets Held for Sale74,920 — — 74,920 
TOTAL ASSETS10,364,959,292 1,809,564 (150,711,052)10,216,057,804 
LIABILITIES
Deposits5,750,572,318 — (42,792,375)5,707,779,943 
Liabilities at Fair Value Through Profit or Loss49,485,078 — — 49,485,078 
Derivative Financial Instruments18,699,617 — (6,460,870)12,238,747 
Repurchase Transactions44,727,680 — (21,381,414)23,346,266 
Other Financial Liabilities1,280,666,786 260,885 (7,598,375)1,273,329,296 
Financing Received from the Argentine Central Bank and Other Financial Institutions195,706,835 — (57,578,136)138,128,699 
Debt Securities104,733,356 — (12,017,844)92,715,512 
Current Income Tax Liabilities272,400,545 — — 272,400,545 
Subordinated Debt Securities207,787,189 — (2,174,296)205,612,893 
Provisions20,387,943 — — 20,387,943 
Deferred Income Tax Liabilities17,355,336 — — 17,355,336 
Insurance Contracts Liabilities105,704,654 — (4,122)105,700,532 
Reinsurance Contracts Liabilities2,163,638 — — 2,163,638 
Other Non-financial Liabilities278,025,755 847,242 (703,620)278,169,377 
TOTAL LIABILITIES8,348,416,730 1,108,127 (150,711,052)8,198,813,805 
ArgentinaUruguayAdjustmentsTotal as of
12.31.22
Cash and Due from Banks1,397,795,946 11,613,469 (15,722,561)1,393,686,854 
Debt Securities at fair value through profit or loss2,478,779,243 1,047,725 (12,636,623)2,467,190,345 
Derivative Financial Instruments14,228,081 — (3,865,120)10,362,961 
Repurchase Transactions393,745,142 — (33,994,862)359,750,280 
Other Financial Assets174,601,303 — (161,060)174,440,243 
Loans and Other Financing3,982,031,607 364 (110,405,186)3,871,626,785 
Other Debt Securities1,142,983,125 — (1,129,230)1,141,853,895 
Financial Assets Pledged as Collateral473,107,585 551,951 — 473,659,536 
Current Income Tax Assets1,277,544 — — 1,277,544 
Investments in Equity Instruments6,972,539 — — 6,972,539 
Equity Investments in Associates and Joint Ventures2,076,371 — — 2,076,371 
Property, Plant and Equipment360,669,210 6,203 — 360,675,413 
Intangible Assets119,930,562 1,924 — 119,932,486 
Deferred Income Tax Assets22,689,298 — — 22,689,298 
Insurance Contract Assets3,495,903 — — 3,495,903 
Reinsurance Contract Assets98,766 — — 98,766 
Other Non-financial Assets78,379,231 3,861 — 78,383,092 
Non-current Assets Held for Sale3,896 — — 3,896 
TOTAL ASSETS10,652,865,352 13,225,497 (177,914,642)10,488,176,207 
Deposits6,693,180,180 — (22,897,792)6,670,282,388 
Liabilities at Fair Value Through Profit or Loss243,592 — — 243,592 
Derivative Financial Instruments9,140,720 — (3,865,120)5,275,600 
Repurchase Transactions33,994,862 — (33,994,862)— 
Other Financial Liabilities1,074,560,291 11,925,399 (233,462)1,086,252,228 
Financing Received from the Argentine Central Bank and Other Financial Institutions219,662,147 — (102,977,285)116,684,862 
Debt Securities223,353,558 — (13,765,853)209,587,705 
Current Income Tax Liabilities27,403,664 — — 27,403,664 
Subordinated Debt Securities141,394,653 — — 141,394,653 
Provisions31,934,926 — — 31,934,926 
Deferred Income Tax Liabilities19,825,433 — — 19,825,433 
Insurance Contracts Liabilities4,081,691 — (13,490)4,068,201 
Other Non-financial Liabilities278,485,993 1,021,869 (166,778)279,341,084 
TOTAL LIABILITIES8,757,261,710 12,947,268 (177,914,642)8,592,294,336