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CONSOLIDATED STATEMENT OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES      
Income before Taxes from Continuing Operations $ 543,010,109 $ 204,098,950 $ 288,143,700
Adjustment to Obtain the Operating Activities Flows:      
Expected credit loss allowance 190,682,814 163,294,445 133,151,102
Depreciation Expenses 84,278,588 86,811,560 87,941,850
Loss on Net Monetary Position 1,518,506,605 851,315,576 482,259,367
Other Operations 704,536,747 560,286,925 737,888,030
Net (Increases)/Decreases from Operating Assets:      
Debt securities measured at fair value through profit or loss (347,700,732) 105,254,874 (81,723,543)
Derivative Financial Instruments (24,927,325) (2,798,175) 12,258,537
Repurchase Transactions 15,181,473 803,762 (771,995)
Other Financial Assets 12,241,117 (25,729,029) (47,687,976)
Net Loans and Other Financing      
Non-financial Public Sector 3,099,869 (4,005,403) 44
Other Financial Institutions (56,044,391) 55,300,887 56,800,539
Non-financial Private Sector and Residents Abroad 584,704,945 435,732,033 106,470,693
Other Debt Securities (784,480,453) (569,483,524) (361,134,938)
Financial Assets Pledged as Collateral 42,102,334 (259,919,672) (42,360,473)
Investments in Equity Instruments (3,680,056) 621,704 38,398,222
Other Non-financial Assets (34,207,249) (10,829,640) 4,568,098
Non-current Assets Held for Sale (71,024) 90 264,544
Deposits      
Non-financial Public Sector (63,720,349) (27,378,963) (39,931,242)
Financial Sector 593,298 1,041,325 2,595,536
Non-financial Private Sector and Residents Abroad (899,375,394) 412,804,411 128,759,198
Liabilities at fair value through profit or loss 49,241,486 (215,447) 459,040
Derivative Financial Instruments 6,963,147 955,819 3,793,761
Other Financial Liabilities 193,449,957 (104,906,656) 301,001,637
Provisions (11,546,983) 5,356,109 (7,997,456)
Other Non-financial Liabilities 75,608,616 10,521,838 1,360,982
Income Tax Payments (131,146,251) (94,647,106) (88,979,082)
NET CASH GENERATED BY OPERATING ACTIVITIES (A) 1,667,300,898 1,794,286,693 1,715,528,175
Payments:      
Purchase of PP&E and Intangible Assets (74,018,545) (57,704,506) (60,315,949)
Capital Contributions and purchase of shares in Investments in Subsidiaries, Associates, and Joint Ventures (2,520,655) (2,420,874) (1,268,578)
Payments for business combinations (11,149,830) 0 0
Collections:      
Sale of PP&E and Intangible Assets 4,815,496 1,893,007 3,944,258
Dividends earned 1,015,077 0 6,304,470
Sales of Investments in Subsidiaries, Associates and Joint Ventures 0 0 274,076
NET CASH USED IN INVESTMENT ACTIVITIES (B) (81,858,457) (58,232,373) (51,061,723)
Payments:      
Unsubordinated Debt Securities (157,188,276) (124,998,913) (103,467,999)
Loans from Local Financial Institutions (335,727,529) (160,146,015) (107,656,543)
Dividends (179,275,944) (66,213,933) (11,682,545)
Leases payments (6,372,889) (8,331,048) (10,531,399)
Collections:      
Debt Securities 75,020,756 209,971,829 144,871,361
Loans from Local Financial Institutions 373,779,755 233,677,686 139,594,879
NET CASH (USED IN)/GENERATED BY FINANCING ACTIVITIES (C) (229,764,127) 83,959,606 51,127,754
EXCHANGE INCOME ON CASH AND CASH EQUIVALENTS (D) 1,034,032,734 559,890,391 269,313,377
NET INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D) 2,389,711,048 2,379,904,317 1,984,907,583
MONETARY LOSS RELATED TO CASH AND CASH EQUIVALENTS (3,253,931,939) (2,142,479,236) (1,559,297,173)
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR 4,131,560,418 3,894,135,337 3,468,524,927
CASH AND CASH EQUIVALENTS AT END OF THE YEAR $ 3,267,339,527 $ 4,131,560,418 $ 3,894,135,337