Financial assets at fair value through profit or loss

12 Months Ended

Dec. 31, 2024

Financial assets at fair value through profit or loss [abstract]

Financial assets at fair value through profit or loss

Financial assets at fair value through profit or loss

5.1. Debt securities

	December 31, 2024	December 31, 2023
Government securities	91,797,177	487,641,727
Private securities - Corporate bonds	—	4,682,554
TOTAL	91,797,177	492,324,281

5.2. Derivatives

The Group uses derivatives, not designated in a qualifying hedge relationship, to manage its exposure to foreign currency and interest rate risks. The instruments used include interest rate swaps and forward contracts (net settled in pesos) and options.

The aforementioned instruments were measured at fair value and were recognized in the Consolidated Statement of Financial Position in the item “Derivative instruments”. Changes in fair values were recognized in the Consolidated Statement of Profit or Loss in “Gains on financial assets and liabilities at fair value through profit or loss, net”.

	December 31, 2024	December 31, 2023
Foreign Currency Forwards	9,270,169	18,588,677
Interest Rate Swaps	593,293	—
Put Options (1)	—	3,191,736
TOTAL	9,863,462	21,780,413

(1)On July 18, 2024, the Bank undertook the bidding process for terminating the liquidity options related to government securities issued by the BCRA and existing in the Bank’s portfolio (Communications “B” 12,847 and “A” 7,546). As a result of such process, put options for a face value of 546,974,473,392 were delivered.The Entity subscribed options according to Communication “A” 7546 issued by the BCRA.

The notional amounts of foreign currency forward transactions, stated in US Dollars (US$) and in Euros, as applicable, as well as the base value of interest rate swaps and put options taken are reported below:

	December 31, 2024	December 31, 2023
Foreign Currency Forwards
Foreign currency forward purchases - US$	718,460	169,836
Foreign currency forward sales - US$ (3)	705,015	119,093
Foreign currency forward sales – Euros (3)	3,451	5,500
Interest Rate Swaps
Fixed rate for floating rate (1)	7,044,000	—
Put Options
Put options taken (2)	—	142,183,107

(1)Floating rate: BADLAR (Buenos Aires Deposits of Large Amount Rate), is the interest rate for time deposits over 1 (one) million pesos, for 30 to 35 days.

(2)On July 18, 2024, the Bank undertook the bidding process for terminating the liquidity options related to government securities issued by the BCRA and existing in the Bank’s portfolio (Communications “B” 12,847 and “A” 7,546). As a result of such process, put options for a face value of 546,974,473,392 were delivered.The Entity subscribed options according to Communication “A” 7546 issued by the BCRA.

(3)See note 17.1.

5.3. Equity instruments

	December 31, 2024	December 31, 2023
BYMA - Bolsas y Mercados Argentinos S.A.	6,062,948	4,723,901
VALO - Banco de Valores de Buenos Aires S.A.	2,092,186	2,300,986
Mutual Funds	749,178	1,615,390
TOTAL	8,904,312	8,640,277