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Note 40 - Financial Instruments Risks (Tables)
 12 Months Ended
Dec. 31, 2018
Financial Instruments Risks Abstract  
Table of Exposure to Credit Risk
DetailDecember 31, 2018December 31, 2017January 1, 2017
Financial assets at amortized cost
Cash and cash equivalents99,105,46156,453,68488,746,425
Reverse repurchase agreements12,861,1169,345,877107,461
Other financial assets9,237,2373,414,9511,234,350
Loans and advances185,682,307191,774,986147,725,369
Financial assets at fair value through profit or loss
Debt securities7,508,0998,588,1276,764,936
Derivatives591,418210,75698,987
Financial assets at fair value through other comprehensive income
Debt securities24,821,61025,207,89917,216,324
Total339,807,248294,996,280261,893,852
Financial guarantees and loan commitments
Advances and loans agreed not used140,535,333162,099,880127,401,476
Guarantees granted1,889,5571,164,947729,939
Liabilities from foreign trade transactions141,321158,598179,588
Letters of credit462,080519,399461,670
Total143,028,291163,942,824128,772,673
Table of Credit Quality of Assets
NotesDecember 31, 2018Stage 1Stage 2Stage 3
Financial assets at fair value through
other comprehensive income24,563,96224,563,962--
Debt securities15.124,550,03624,550,036--
Equity instruments15.213,92613,926--
Financial assets at amortized cost203,541,121189,775,61911,961,3491,804,152
Other financial assets10.19,237,2359,237,235--
Loans and advances to government sector206206--
Loans and advances to central banks383383--
Loans and advances to financial institutions10.29,635,8459,635,845--
Loans and advances to customers10.3171,948,321158,182,82011,961,3491,804,152
Reverse repurchase agreements10.412,719,13112,719,131--
Total financial assets risk228,105,083214,339,58111,961,3491,804,152
Total loan commitments and financial guarantees40142,669,962135,838,6036,758,80872,551
Total credit exposure370,775,045
Table of Impaired Financial Assets Comparative Information Under IAS 39
December 31, 2017Past due but not impairedImpaired assetsCarrying amount of the impaired assetsSpecific allowances for financial assets, individually and collectively estimatedAccumulated write-offs
≤ 30 days> 30 days ≤ 60 days> 60 days ≤ 90 days
Loans and advances13,102,816830,629449,5831,329,332605,250(724,082)1,237,638
Other financial corporations24,41118412,825539(2,286)-
Non-financial corporations9,113,109169,483118,323245,69265,390(180,302)283,463
Households3,965,296661,128331,2191,080,815539,321(541,494)954,175
TOTAL13,102,816830,629449,5831,329,332605,250(724,082)1,237,638
Loans and advances by product, by collateral and by subordination
On demand (call) and short notice (current account)885,70234,17720,279180,67570,655(110,020)
Credit card debt1,893,593392,728229,444576,860273,746(303,114)
Trade receivables-894438660314(346)
Finance leases355,12746,68616,89327,9816,153(21,828)
Other term loans9,968,394356,144182,529543,156254,382(288,774)

January 1, 2017Past due but not impairedImpaired assetsCarrying amount of the impaired assetsSpecific allowances for financial assets, individually and collectively estimatedAccumulated write-offs
≤ 30 days> 30 days ≤ 60 days> 60 days ≤ 90 days
Loans and advances6,127,201765,035377,7861,098,446467,656(630,790)1,523,729
Other financial corporations1,4911593318866(122)-
Non-financial corporations3,619,090172,96877,929109,57237,070(72,502)364,954
Households2,506,620591,908299,824988,686430,520(558,166)1,158,775
TOTAL6,127,201765,035377,7861,098,446467,656(630,790)1,523,729
Loans and advances by product, by collateral and by subordination
On demand (call) and short notice (current account)821,48131,11034,190389,279149,572(239,707)
Credit card debt1,353,988346,850211,800194,46076,884(117,576)
Trade receivables-859744273233(40)
Finance leases282,11932,6655,46517,2179,382(7,835)
Other term loans3,669,613353,551125,587497,217231,585(265,632)
Table of Impaired Financial Assets at Amortised Cost
Of which secured by collateral
December 31, 2018Maximum exposure to credit riskResidential propertiesCommercial PropertiesCashOthersFinancial
Impaired financial assets at amortized cost3,753,4836,955--29,790-
Total3,753,4836,955--29,790-
Table of Evolution of Total VaR
VaR (in millions of pesos)
December 31, 2018December 31, 2017January 1, 2017
Average22.8648.3915.63
Minimum4.9710.292.55
Maximum97.3785.0439.6
Closing 49.3643.3327.35
VaR per risk factors – (in millions of pesos)
VaR interest rateDecember 31, 2018December 31, 2017January 1, 2017
Average1935.1410.63
Minimum3.139.420.38
Maximum93.7657.3624.95
Closing49.943.3813.35
VaR foreign exchange rateDecember 31, 2018December 31, 2017January 1, 2017
Average9.6430.59.91
Minimum0.280.990.41
Maximum37.9880.9141.17
Closing2.651.6624.7
Table of Position in Foreign Currency
As of December 31, 2018 (per currency)
ASSETSTotal as of December 31, 2018US DollarEuroRealOtherTotal as of December 31, 2017
Cash and cash equivalents 52,490,18649,802,7892,620,3629,56157,47431,387,948
Financial assets at fair value through profit or loss - Debt securities6,9686,968---1,029,268
Reverse repurchase agreements12,706,36312,706,363---6,456,412
Other financial assets1,679,0771,674,8964,181--1,140,519
Loans and advances60,635,90760,393,438242,469--41,610,971
Financial assets at fair value through other comprehensive income - Debt securities3,342,0693,342,069---6,057,488
Other assets220,615220,615---161,384
Equity instruments13,70113,701---15,426
TOTAL ASSETS131,094,886128,160,8392,867,0129,56157,47487,859,416
LIABILITIES
Deposits114,494,962112,293,9722,200,990--80,244,448
Trading liabilities34,79734,797----
Other financial liabilities5,323,3545,122,087172,140-29,1273,159,481
Bank loans5,400,6825,162,530238,152--440,837
Other liabilities946,530931,54314,987--495,837
TOTAL LIABILITIES126,200,325123,544,9292,626,269-29,12784,340,603
Table of Forward Transactions and Foreign Currency Forwards
December 31, 2018December 31, 2017
Foreign Currency Forwards
Foreign currency forward purchases - US$620,651658,575
Foreign currency forward sales - US$760,615645,582
Foreign currency forward sales - Euros5,4634,818
Table of Sensitivity of the Economic Value SEV
SEV +100 bpsDecember 31, 2018December 31, 2017January 1, 2017
Closing1.43%1.53%1.03%
Minimum1.01%0.80%0.68%
Maximum2.05%1.65%1.33%
Average1.61%1.13%0.94%
Table of Sensitivity of the Financial Margin SFM
SFM -100 bpsDecember 31, 2018December 31, 2017January 1, 2017
Closing2.14%2.18%0.03%
Minimum1.98%0.03%0.02%
Maximum2.73%2.18%0.37%
Average 2.26%0.34%0.17%
Table of the Progress of LCR Ratios
December 31, 2018December 31, 2017January 1, 2017
LCR291%289%519%
Table of Concentration of Deposits
December 31, 2018December 31, 2017January 1, 2017
Number of customersDebt balance% over total portfolioDebt balance% over total portfolioDebt balance% over total portfolio
10 largest customers15,293,0605.89%8,292,3093.65%7,458,8243.53%
50 following largest customers15,553,8225.99%12,694,2135.59%11,983,0685.67%
100 following largest customers10,544,9604.06%9,108,0194.01%8,306,9653.93%
Rest of customers218,117,21984.06%197,183,21386.75%183,426,57386.87%
TOTAL 259,509,061100.00%227,277,754100.00%211,175,430100.00%
Table of Breakdown by Contractual Maturity of Financial Liabilities
December 31, 2018December 31, 2017January 1, 2017
Up to 1 month266,884,948232,125,851209,749,986
Up to 3 months22,849,55620,593,70719,258,225
Up to 6 months8,841,9974,885,9947,219,098
Up to 12 months3,328,7723,015,7442,338,617
Up to 24 months1,809,4152,621,7211,497,820
More than 24 months37,788995,0311,075,223
TOTAL303,752,476264,238,048241,138,969
Table of Financial Assets and Liabilities Expected to be Collected or Paid Twelve Months After the End of the Reporting Period
December 31, 2018December 31, 2017January 1, 2017
Financial assets
Reverse repurchase agreements9,452,831--
Loans and advances45,949,27146,934,15927,339,160
Debt securities7,282,9993,411,9737,035,790
Total62,685,10150,346,13234,374,950
Financial liabilities
Deposits39,393582,141327,768
Other financial liabilities854,162-41,159
Bank loans168,972191,0402,436
Debt securities issued507,7802,318,2991,701,694
Total1,570,3073,091,4802,073,057