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Credit risk exposure and allowances
 12 Months Ended
Dec. 31, 2019
Disclosure of impairment loss and reversal of impairment loss [abstract]  
Credit risk exposure and allowances
12.
Credit risk exposure and allowances
 
 
 
 
Below is a detail of the changes occurred during fiscal 2019 in the credit risk exposure and the impairment allowances booked under IFRS 9 in the accompanying consolidated statement of financial position or reversal of estimated impairment of financial assets at amortized cost, financial assets at fair value through other comprehensive income, loan commitments and financial guarantees:
 
                         
December 31, 2019
          
   
Not credit-impaired
  
Credit-impaired
  
Total
 
FINANCIAL ASSETS AT AMORTIZED COST AND
AT FAIR VALUE THROUGH OTHER
COMPREHENSIVE INCOME
 -
CREDIT RISK
EXPOSURE
  
Stage 1
  
Stage 2
  
Stage 3
    
   
Credit risk
exposure
(collectively
assessed)
  
Credit risk
exposure
(collectively
assessed)
  
Credit risk
exposure
(individually
assessed)
  
Credit risk
exposure
(collectively
assessed)
  
Credit risk
exposure
(individually
assessed)
  
Credit risk
exposure
 
Opening balance (under IFRS 9)
  
 
327,925,133
 
 
 
6,759,689
 
 
 
1,605,972
 
 
 
2,993,755
 
 
 
2,780,310
 
 
 
342,064,859
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Transfers of financial assets:
                         
Transfers from Stage 1 to Stage 2
   (111,176,893)   108,474,511   568,541   —   —   (2,133,841) 
Transfers from Stage 2 to Stage 1
   48,661,263   (49,007,441)   (120,750)   —   —   (466,928) 
Transfers from Stage 1 or 2 to Stage 3
   (1,007,526)   (6,889,184)   (2,015,022)   8,036,670   2,029,359   154,297 
Transfers from Stage 3 to Stage 1 or 2
   345,667   361,235   193,541   (811,208)   (798,014)   (708,779) 
Changes without transfers between Stages
   (28,781,895)   2,963,358   659,148   390,186   (773,846)   (25,543,049) 
New financial assets originated
   765,553,105   40,147,294   1,696,280   871,990   1,451,323   809,719,992 
Repayments
   (725,044,965)   (62,071,228)   (356,265)   (2,400,156)   (628,876)   (790,501,490) 
Write-offs
   —   (12)   —   (3,755,506)   (1,880)   (3,757,398) 
Foreign exchange
   43,015,905   5,549,562   321,064   13,749   1,198,082   50,098,362 
Gain of control over subsidiaries
   18,943,123   219,451   —     150,279   —     19,312,853 
Inflation adjustment
   (126,785,150)   (12,011,291)   (727,075)   (1,506,199)   (1,461,254)   (142,490,969) 
Other adjustments
   (2,242,235)   (159,593)   —     3,051   —     (2,398,777) 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Closing balance
  
 
209,405,532
 
 
 
34,336,351
 
 
 
1,825,434
 
 
 
3,986,611
 
 
 
3,795,204
 
 
 
253,349,132
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
                         
December 31, 2019
          
   
Not credit-impaired
  
Credit-impaired
  
Total
 
LOAN COMMITMENTS AND FINANCIAL
GUARANTEES
 -
 
CREDIT RISK EXPOSURE
  
Stage 1
  
Stage 2
  
Stage 3
    
   
Credit risk
exposure
(collectively
assessed)
  
Credit risk
exposure
(collectively
assessed)
  
Credit risk
exposure
(individually
assessed)
  
Credit risk
exposure
(collectively
assessed)
  
Credit risk
exposure
(individually
assessed)
  
Credit risk
exposure
 
Opening balance (under IFRS 9)
  
 
39,209,944
 
 
 
1,841,386
 
 
 
12,696
 
 
 
25,058
 
 
 
106
 
 
 
41,089,190
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Transfers of loan commitments and financial guarantees:
                         
Transfers from Stage 1 to Stage 2
   (7,591,961)   7,800,964   66   —   —   209,069 
Transfers from Stage 2 to Stage 1
   4,876,494   (3,715,517)   (73)   —   —   1,160,904 
Transfers from Stage 1 or 2 to Stage 3
   (204,536)   (46,206)   (171)   193,286   807   (56,820) 
Transfers from Stage 3 to Stage 1 or 2
   153,721   8,878   39   (153,300)   (48)   9,290 
Changes without transfers between Stages
   13,519,915   (244,784)   13,925   (4,351)   27   13,284,732 
New loan commitments and financial guarantees originated
   26,476,565   2,359,357   30,808   9,769   —     28,876,499 
Expirations and repayments
   (16,266,775)   (2,223,714)   (1,097)   (25,788)   —   (18,517,374) 
Write-offs
   —   (12)   —   (47)   —   (59) 
Foreign exchange
   1,346,750   179,851   3,303   —   —   1,529,904 
Inflation adjustment
   (16,707,535)   (1,149,730)   (7,526)   (12,602)   (182)   (17,877,575) 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Closing balance
  
 
44,812,582
 
 
 
4,810,473
 
 
 
51,970
 
 
 
32,025
 
 
 
710
 
 
 
49,707,760
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
                         
December 31, 2019
          
   
Not credit-impaired
  
Credit-impaired
  
Total
 
FINANCIAL ASSETS AT AMORTIZED COST AND AT
FAIR VALUE THROUGH OTHER COMPREHENSIVE
INCOME
 -
 
ALLOWANCES
  
Stage 1
  
Stage 2
  
Stage 3
    
   
Loss
allowances
(collectively
assessed)
  
Loss
allowances
(collectively
assessed)
  
Loss
allowances
(individually
assessed)
  
Loss
allowances
(collectively
assessed)
  
Loss
allowances
(individually
assessed)
  
Loss
allowances
 
Opening balance (under IFRS 9)
  
 
2,619,792
 
 
 
1,178,408
 
 
 
142,649
 
 
 
2,081,940
 
 
 
916,764
 
 
 
6,939,553
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Transfers of financial assets
(**)
:
                         
Transfers from Stage 1 to Stage 2
   (1,924,599)   6,657,589   63,175   —   —   4,796,165 
Transfers from Stage 2 to Stage 1
   800,397   (2,012,315)   (2,618)   —   —   (1,214,536) 
Transfers from Stage 1 or 2 to Stage 3
   (39,919)   (1,803,284)   (248,102)   4,713,131   415,789   3,037,615 
Transfers from Stage 3 to Stage 1 or 2
   15,867   44,213   53,098   (501,933)   (187,084)   (575,839) 
Changes without transfers between Stages
   (221,428)   126,266   119,558   639,811   1,784,274   2,448,481 
New financial assets originated
(**)
   5,574,300   159,904   139,052   446,884   309,836   6,629,976 
Repayments
(**)
   (4,257,378)   (1,113,597)   (44,822)   (1,111,743)   (130,888)   (6,658,428) 
Write-offs
   —   (2)   —   (2,787,695)   (1,880)   (2,789,577) 
Foreign exchange
   357,715   127,973   22,176   8,884   528,933   1,045,681 
Gain of control over subsidiaries
   118,312   1,366   —     114,505   —     234,183 
Inflation adjustment
   (1,371,575)   (776,257)   (65,557)   (1,011,534)   (660,983)   (3,885,906) 
Other adjustments
(**)
   2,387,810   4,057,444   —     (3,162)   —     6,442,092 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Closing balance (*)
  
 
4,059,294
 
 
 
6,647,708
 
 
 
178,609
 
 
 
2,589,088
 
 
 
2,974,761
 
 
 
16,449,460
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
(*)
Impairment of financial assets detailed in the table above includes allowances o
n
financial assets at FVOCI for 4,903,416.
 
 
 
 
 
                         
December 31, 2019
          
   
Not credit-impaired
  
Credit-impaired
  
Total
 
LOAN COMMITMENTS AND FINANCIAL GUARANTEES
 -

ALLOWANCES
  
Stage 1
  
Stage 2
  
Stage 3
    
   
Loss
allowances
(collectively
assessed)
  
Loss
allowances
(collectively
assessed)
  
Loss
allowances
(individually
assessed)
  
Loss
allowances
(collectively
assessed)
  
Loss
allowances
(individually
assessed)
  
Loss
allowances
 
Opening balance (under IFRS 9)
  
 
432,207
 
 
 
100,150
 
 
 
240
 
 
 
17,223
 
 
 
1,406
 
 
 
551,226
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Transfers of loan commitments and financial guarantees
(**)
:
                         
Transfers from Stage 1 to Stage 2
   (151,914)   442,347   386   —   —   290,819 
Transfers from Stage 2 to Stage 1
   94,655   (207,836)   (18)   —   —   (113,199) 
Transfers from Stage 1 or 2 to Stage 3
   (2,891)   (8,170)   (161)   126,548   826   116,152 
Transfers from Stage 3 to Stage 1 or 2
   1,393   481   588   (103,106)   (784)   (101,428) 
Changes without transfers between Stages
   162,639   (48,430)   10,730   569   469   125,977 
New loan commitments and financial guarantees originated
(**)
   392,836   171,209   1,281   6,464   —     571,790 
Repayments
(**)
   (189,989)   (63,408)   (202)   (16,199)   —   (269,798) 
Write-offs
   —   —   —   (35)   —   (35) 
Foreign exchange
   3,831   1,894   225   —   —   5,950 
Inflation adjustment
   (182,266)   (54,029)   (1,383)   (8,707)   (492)   (246,877) 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
Closing balance
  
 
560,501
 
 
 
334,208
 
 
 
11,686
 
 
 
22,757
 
 
 
1,425
 
 
 
930,577
 
   
 
 
  
 
 
  
 
 
  
 
 
  
 
 
  
 
 
 
 
 
 
 
 
(**)
Impairment of financial assets detailed in the tables above do not include impairment of miscellaneous credits for 226,576.