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CONSOLIDATED STATEMENTS OF CASH FLOWS - ARS ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flow from operating activities      
Profit before tax $ 519,818,469 $ 580,232,641 $ 897,562,384
Adjustments and other non-cash items (1,851,950,456) (641,361,774) (3,347,947,066)
Depreciation and amortization 111,138,349 104,727,608 82,149,812
Net impairment loss of financial assets 729,389,894 382,024,738 382,719,950
Accrued interest (2,994,239,277) (3,845,004,956) (4,660,352,154)
Exchange rate (341,690,609) 712,796,039 (1,641,030,429)
Loss on net monetary position 571,171,770 1,869,623,082 2,374,269,202
Other adjustments 72,279,417 134,471,715 114,296,553
Net increases (decreases) in operating assets: (10,121,271,996) (11,551,839,416) (13,360,239,042)
Financial assets at fair value through profit or loss (FVTPL) (340,390,192) 178,788,103 (828,845,785)
Financial assets at amortized cost      
Other financial assets (246,713,844) (770,464,715) (728,080,044)
Loans and advances to financial institutions (201,202,792) (58,248,269) (43,753,027)
Loans and advances to customers (8,023,955,540) (8,880,370,125) (6,130,745,512)
Loans and advances to government sector (2,595,717) (1,514,252) (1,417,770)
Loans and advances to central bank 0 0 76,007
Reverse repurchase agreements 0 1,377,064,056 (4,360,086,771)
Debt securities (382,629,604) 39,473,840 97,235,455
Financial assets at fair value through other comprehensive income (924,448,146) (3,308,809,862) (1,234,553,237)
Other assets 663,839 (127,758,192) (130,068,358)
Net increases (decreases) in operating liabilities: 9,407,107,699 11,612,195,554 13,059,845,135
Financial liabilities at amortized cost      
Deposits from financial institutions 5,115,285 22,602,465 9,797,799
Deposits from customers 7,791,807,081 10,044,971,402 10,344,023,210
Deposits from government sector 388,690,312 271,760,230 96,338,549
Repurchase agreements 484,978,836 10,563,568 (15,331,561)
Financial liabilities at FVTPL 10,168,110 (19,398,316) 41,255,757
Other financial liabilities 726,348,075 1,281,696,205 2,583,761,381
Income tax paid (20,787,168) (361,727,897) (20,229,191)
Interest received 4,786,812,016 6,229,747,260 8,936,110,766
Interest paid (1,719,435,302) (2,461,008,424) (4,442,805,007)
Total cash flows generated by operating activities 1,000,293,262 3,406,237,944 1,722,297,979
Cash flows from investing activities      
Payments: (244,390,334) (218,408,805) (126,498,206)
Purchase of property and equipment, intangible assets and other assets (216,833,693) (216,430,025) (120,739,244)
Acquistion of a subsidiary, net of cash acquired (25,543,084) 0 0
Other payments related to investment activities (2,013,557) (1,978,780) (5,758,962)
Collections: 3,820,010 4,780,425 3,332,953
Dividends received 3,820,010 4,780,425 3,332,953
Total cash flows used in investing activities (240,570,324) (213,628,380) (123,165,253)
Cash flows from financing activities      
Payments: (33,433,435) (136,396,506) (117,106,746)
Dividends (17,004,451) (119,195,329) (797,306)
Payment of lease liabilities (16,428,984) (17,201,177) (17,839,765)
Financing by local financial institutions 0 0 (98,469,675)
Collections: 973,300,716 300,031,252 41,315,629
Debt securities issued 411,215,685 116,474,963 38,925,831
Financing by local financial institutions 359,078,613 134,119,228 0
Other collections related to financing activities 203,006,418 49,437,061 2,389,798
Total cash flows generated/(used in) by financing activities 939,867,281 163,634,746 (75,791,117)
Effect of exchange rate changes on cash and cash equivalents 341,690,609 (712,796,039) 1,641,030,429
Inflation effect on cash and cash equivalents (1,003,131,090) (2,202,662,658) (2,533,281,293)
Total changes in cash and cash equivalents 1,038,149,738 440,785,613 631,090,745
Cash and cash equivalents at the beginning of the year (Note 4) 3,714,135,212 3,273,349,599 2,642,258,854
Cash and cash equivalents at the end of the year (Note 4) $ 4,752,284,950 $ 3,714,135,212 $ 3,273,349,599