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Financial instruments risks (Tables)
 12 Months Ended
Dec. 31, 2024
Disclosure of nature and extent of risks arising from financial instruments [abstract]  
Summary of Credit Risk Exposure of Loans and Advances
The Group’s credit risk exposure of financial assets, loan commitments and financial guarantees under IFRS 9 with stage allocation by asset classification as of December 31, 2024 and 2023 is provided below:
Credit risk exposureDecember 31,
2024		Stage 1Stage 2Stage 3
Cash and cash equivalents1,042,120,327 1,042,120,327 – – 
Financial assets at amortized cost8,375,147,617 7,685,643,561 576,685,734 112,818,322 
Debt securities159,904,307 – 159,904,307 – 
Wholesale5,218,807,744 5,054,873,309 148,561,327 15,373,108 
 - Business1,678,823,355 1,627,278,931 46,568,893 4,975,531 
 - Corporate and Investment Banking1,726,193,273 1,676,557,727 49,635,093 453 
 - Institutional and international378,184,032 375,201,620 2,960,468 21,944 
 - MSMEs919,378,387 859,606,334 49,396,873 10,375,180 
 - Others516,228,697 516,228,697 – – 
Retail2,996,435,566 2,630,770,252 268,220,100 97,445,214 
 - Advances3,179,536 1,002,106 415,997 1,761,433 
 - Credit cards1,816,918,989 1,633,558,594 135,627,862 47,732,533 
 - Personal loans652,523,556 559,553,150 55,613,581 37,356,825 
 - Pledge loans246,836,049 238,682,962 5,614,063 2,539,024 
 - Mortgages271,113,510 193,420,283 69,785,765 7,907,462 
 - Receivables from financial leases4,263,439 2,952,670 1,162,832 147,937 
 - Others1,600,487 1,600,487 – – 
Financial assets at fair value through other comprehensive income2,461,681,262 74,653,741 2,387,027,521 – 
Debt securities2,461,681,262 74,653,741 2,387,027,521 – 
Total financial assets risk11,878,949,206 8,802,417,629 2,963,713,255 112,818,322 
Loan commitments and financial guarantees
Wholesale644,817,414 605,654,440 39,030,267 132,707 
 - Business126,425,220 115,594,098 10,822,142 8,980 
 - Corporate and Investment Banking162,657,173 152,971,422 9,685,744 7 
 - Institutional and international122,136,205 121,249,204 887,001 – 
 - MSMEs233,598,816 215,839,716 17,635,380 123,720 
Retail2,826,734,529 2,705,207,500 120,710,151 816,878 
 - Advances14,827,666 14,332,266 492,404 2,996 
 - Credit cards2,807,335,057 2,687,775,960 118,876,905 682,192 
 - Mortgages3,881,551 2,415,398 1,334,496 131,657 
 - Receivables from financial leases690,255 683,876 6,346 33 
Total loan commitments and financial guarantees3,471,551,943 3,310,861,940 159,740,418 949,585 
Total credit risk exposure15,350,501,149 12,113,279,569 3,123,453,673 113,767,907 
Credit risk exposureDecember 31,
2023		Stage 1Stage 2Stage 3
Cash and cash equivalents905,193,315 905,193,315 – – 
Financial assets at amortized cost7,605,699,495 6,868,250,968 660,780,395 76,668,132 
Debt securities210,536,162 – 210,536,162 – 
Wholesale2,659,604,263 2,460,608,745 186,934,328 12,061,190 
 - Business1,151,637,940 1,099,143,921 43,374,906 9,119,113 
 - Corporate and Investment Banking789,156,296 678,551,274 110,604,549 473 
 - Institutional and international22,471 8,025 3,347 11,099 
 - MSMEs346,691,972 310,809,941 32,951,526 2,930,505 
 - Others372,095,584 372,095,584 – – 
Retail2,117,132,312 1,789,215,465 263,309,905 64,606,942 
 - Advances4,157,983 2,539,453 821,000 797,530 
 - Credit cards1,468,861,738 1,267,633,162 170,296,770 30,931,806 
 - Personal loans334,213,212 285,298,231 24,612,075 24,302,906 
 - Pledge loans104,456,830 101,329,378 1,422,594 1,704,858 
 - Mortgages196,868,339 126,583,781 63,414,716 6,869,842 
 - Receivables from financial leases4,741,925 4,710,722 31,203 – 
 - Others3,832,285 1,120,738 2,711,547 – 
Reverse repurchase agreements2,618,426,758 2,618,426,758 – – 
 - BCRA repos2,618,426,758 2,618,426,758 – – 
Financial assets at fair value through other comprehensive income1,833,311,004 419,806,895 1,413,504,109 – 
Debt securities1,833,311,004 419,806,895 1,413,504,109 – 
Total financial assets risk10,344,203,814 8,193,251,178 2,074,284,504 76,668,132 
Loan commitments and financial guarantees
Wholesale525,564,116 474,146,108 51,368,823 49,185 
 - Business210,429,605 182,358,733 28,058,941 11,931 
 - Corporate and Investment Banking208,766,443 201,947,941 6,818,485 17 
 - Institutional and international77,096,824 68,788,927 8,307,897 – 
 - MSMEs29,271,244 21,050,507 8,183,500 37,237 
Retail883,416,056 800,669,296 82,344,103 402,657 
 - Advances28,929,705 27,847,180 1,075,757 6,768 
 - Credit cards850,807,486 770,660,261 79,874,405 272,820 
 - Mortgages3,481,517 1,990,060 1,368,388 123,069 
 - Others197,348 171,795 25,553 – 
Total loan commitments and financial guarantees1,408,980,172 1,274,815,404 133,712,926 451,842 
Total credit risk exposure11,753,183,986 9,468,066,582 2,207,997,430 77,119,974 
Summary of Credit Quality of Assets
The Group’s credit quality analysis of financial assets under IFRS 9 with risk allocation as of December 31, 2024 and 2023 is provided below:
Credit quality analysisDecember 31,
2024		December 31,
2023
Cash and cash equivalents
- Low risk (PD < 2.3%)
1,042,120,327 905,193,315 
Total cash and cash equivalents1,042,120,327 905,193,315 
Wholesale
- Low risk (PD < 4%)
5,271,693,652 2,732,218,500 
- Medium risk (PD ≥ 4% to < 24%)
431,138,682 361,874,966 
- High risk (PD ≥ 24% to < 100% or Individually Stage 2)
145,287,009 78,964,538 
- Non performing (PD = 100% or Individually Stage 3)
15,505,815 12,110,375 
Total wholesale5,863,625,158 3,185,168,379 
Retail
- Low risk (PD < 2.3%)
4,493,788,292 2,342,903,616 
- Medium risk (PD ≥ 2.3% to < 29%)
1,183,021,451 579,528,590 
- High risk (PD ≥ 29% to < 100% or Individually Stage 2)
48,098,260 13,106,563 
- Non performing (PD = 100% or Individually Stage 3)
98,262,092 65,009,599 
Total retail5,823,170,095 3,000,548,368 
Reverse repurchase agreement
 - BCRA repos (CCC+) – 2,618,426,758 
Total reverse repurchase agreement– 2,618,426,758 
Debt securities
 - BCRA securities (B) 37,098,912 379,626,933 
 - Government securities (CCC+) 2,546,931,922 1,637,712,932 
 - Corporate bonds (B) 5,266,631 26,317,403 
 - Corporate bonds (BB-) 31,845,107 189,898 
 - Corporate bonds (BB) 442,997 – 
Total debt securities2,621,585,569 2,043,847,166 
Total credit risk exposure15,350,501,149 11,753,183,986 
Net Credit Risk Exposure Explanatory In order to mitigate credit risk, the following table shows the net credit risk exposure as of December 31, 2024 and 2023:
 December 31,
2024		December 31,
2023
Maximum exposure to credit risk15,350,501,149 11,753,183,986 
Collateral held or other credit enhancements(2,846,051,751)(4,713,488,682)
Total net credit risk exposure12,504,449,398 7,039,695,304 
Evolution of Total VaR
The following tables show the trading portfolio total VaR and VaR per risk factors based on daily VaR information:
VaR (in millions of pesos)
 Year ended
December 31,
2024		Year ended
December 31,
2023
Average2,735.59 303.54 
Minimum273.39 24.49 
Maximum9,720.95 1,586.80 
Closing 3,907.74 296.22 
VaR per risk factors – (in millions of pesos)
VaR interest rateYear ended
December 31,
2024		Year ended
December 31,
2023
Average2,736.58 336.97 
Minimum257.73 29.58 
Maximum9,715.07 2,163.96 
Closing3,911.14 298.78 
VaR foreign exchange rateYear ended
December 31,
2024		Year ended
December 31,
2023
Average29.30 7.24 
Minimum3.59 0.29 
Maximum123.48 190.63 
Closing16.21 12.28 
Position in Foreign Currency
The position in foreign currency is shown below:
 Total as of
December 31,
2024		As of December 31, 2024 (per currency)Total as of
December 31,
2023
 US DollarEuroRealOther
ASSETS
Cash and cash equivalents 2,345,962,528 2,303,474,291 39,071,194 664,039 2,753,004 2,344,694,623 
Financial assets at fair value through profit or loss - Debt securities66,219 66,219 — — — 490,401,598 
Other financial assets112,204,432 112,107,856 96,576 — — 175,727,166 
Loans and advances1,285,842,873 1,283,269,614 2,573,259 — — 428,900,800 
Financial assets at fair value through other comprehensive income - Debt securities71,866,052 71,866,052 — — — 161,297,397 
Financial assets at fair value through other comprehensive income - Equity instruments770,488 735,975 34,513 — — 941,205 
TOTAL ASSETS3,816,712,592 3,771,520,007 41,775,542 664,039 2,753,004 3,601,962,789 
LIABILITIES
Deposits3,595,692,416 3,565,638,416 30,054,000 — — 2,791,388,887 
Other financial liabilities184,601,391 180,539,108 3,059,414 — 1,002,869 174,058,115 
Bank loans43,783,095 41,560,479 2,222,616 — — 6,792,230 
Other liabilities77,399,790 44,784,051 32,615,739 — — 134,777,707 
TOTAL LIABILITIES3,901,476,692 3,832,522,054 67,951,769 — 1,002,869 3,107,016,939 
NET ASSETS / (LIABILITIES)(84,764,100)(61,002,047)(26,176,227)664,039 1,750,135 494,945,850 
Sensitivity of the Economic Value SEV
The following table shows the sensitivity of the economic value (SEV), to +100 basis points variation presented as a proportion of Core Capital:
SEV +100 bps
 December 31,
2024		December 31,
2023
Closing0.94 %1.09 %
Minimum0.30 %0.67 %
Maximum0.94 %1.09 %
Average0.63 %0.79 %
Sensitivity of the Financial Margin SFM
The following table shows the sensitivity of the financial margin (SFM), to -100 basis points variation presented as a percentage of 12-month forecast net interest income:
SFM -100 bps
 December 31,
2024		December 31,
2023
Closing0.77 %0.30 %
Minimum0.11 %0.11 %
Maximum0.77 %0.35 %
Average0.44 %0.24 %
Progress of LtSCD Ratios
Below are the Bank’s LtSCD ratios as of the dates indicated:
 December 31,
2024		December 31,
2023
LtSCD Closing88.9 %59.7 %
Max88.9 %80.3 %
Min57.7 %58.2 %
Avg74.6 %62.7 %
Progress of LCR Ratios
Below are the Bank’s LCR ratios as of the dates indicated:
 December,
2024		December,
2023
LCR Closing141 %271 %
Max246 %433 %
Min137 %151 %
Avg176 %246 %
Concentration of Deposits
The following chart shows the concentration of deposits as of December 31, 2024 and 2023:
 December 31, 2024December 31, 2023
Number of customersDebt balance% over total portfolioDebt balance% over total portfolio
10 largest customers1,717,605,000 17.30 %1,199,565,594 15.14 %
50 following largest customers1,444,405,788 14.55 %854,755,895 10.79 %
100 following largest customers458,378,093 4.62 %406,392,414 5.13 %
Rest of customers6,309,290,244 63.53 %5,464,340,332 68.94 %
   TOTAL 9,929,679,125 100.00 %7,925,054,235 100.00 %
Breakdown by Contractual Maturity of Financial Liabilities
The following chart shows the breakdown by contractual maturity of loans and advances, other financing and financial liabilities considering the total amounts to their due date, as of December 31, 2024 and 2023:
 Assets (1)Liabilities (1)
 December 31,
2024		December 31,
2023		December 31,
2024		December 31,
2023
Up to 1 month (2)3,021,473,708 2,064,451,238 10,488,823,051 8,428,811,205 
From more than 1 month to 3 month1,502,715,250 812,176,934 642,720,479 627,466,145 
From more than 3 month to 6 month1,189,985,899 766,359,510 295,112,417 218,637,104 
From more than 6 month to 12 month894,151,306 678,828,458 214,608,934 73,441,349 
From more than 12 month to 24 month1,000,563,315 458,095,457 27,626,562 25,510,631 
More than 24 months1,862,576,846 760,580,740 20,770,224 40,703,755 
TOTAL9,471,466,324 5,540,492,337 11,689,661,667 9,414,570,189 
(1)These figures includes expected interest amounts. For floating rate instruments such interest amounts were calculated using interest rate prevailing at the end of each period.
(2)The Bank has liquid assets such as cash and cash equivalents (Note 4) and short term loans (Note 6.2), among others, to settle its liabilities. As of December 31, 2023, it also had reverse repurchase agreements (Note 6.3) and BCRA liquidity bills (Note 10.1).
Additionally, the Bank has issued financial guarantees and loan commitments which may require outflows on demand.
Financial guarantees and loan commitmentsDecember 31,
2024		December 31,
2023
Up to 1 month11,945,342,933 4,115,344,661 
From more than 1 month to 3 month26,919,305 47,975,606 
From more than 3 month to 6 month23,867,217 30,306,102 
From more than 6 month to 12 month107,666,815 50,224,779 
From more than 12 month to 24 month79,504,722 49,525,587 
More than 24 months10,364,452 11,272,679 
TOTAL12,193,665,444 4,304,649,414 
Financial Assets and Liabilities Expected to be Collected or Paid Twelve Months After the End of the Reporting Period
The amounts of the Bank’s financial assets and liabilities, which were expected to be collected or paid twelve months after the closing date as of December 31, 2024 and 2023 are set forth below:
 December 31,
2024		December 31,
2023
Financial assets
      Loans and advances2,863,140,161 1,218,676,198 
      Debt securities673,144,688 293,369,007 
      Other financial assets25,757,300 74,955,190 
Total3,562,042,149 1,587,000,395 
Financial liabilities
      Other financial liabilities23,930,280 48,125,310 
      Bank loans18,121,437 17,458,993 
      Deposits3,215 630,083 
      Debt securities6,341,854 — 
Total48,396,786 66,214,386