Document and Entity Information
Document and Entity Information | 12 Months Ended |
Dec. 31, 2018shares | |
Document Information [Line Items] | |
Document Type | 20-F/A |
Amendment Flag | false |
Document Period End Date | Dec. 31, 2018 |
Document Fiscal Year Focus | 2018 |
Document Fiscal Period Focus | FY |
Trading Symbol | GGAL |
Entity Registrant Name | GRUPO FINANCIERO GALICIA SA |
Entity Central Index Key | 0001114700 |
Current Fiscal Year End Date | --12-31 |
Entity Well-known Seasoned Issuer | Yes |
Entity Current Reporting Status | Yes |
Entity Filer Category | Large Accelerated Filer |
Entity Shell Company | false |
Entity Emerging Growth Company | false |
Class A shares [member] | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 281,221,650 |
Class B Shares [member] | |
Document Information [Line Items] | |
Entity Common Stock, Shares Outstanding | 1,145,542,947 |
CONSOLIDATED BALANCE SHEET
CONSOLIDATED BALANCE SHEET - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Assets | |||
Cash and Due from Banks | $ 143,309,428 | $ 87,044,881 | $ 121,183,979 |
Cash | 21,189,989 | 12,968,191 | 13,521,127 |
Financial Institutions and Correspondents | 122,119,439 | 74,076,690 | 107,662,852 |
Argentine Central Bank (B.C.R.A.) | 119,190,612 | 72,783,631 | 103,048,831 |
Other Local and Foreign Financial Institutions | 2,928,827 | 1,293,059 | 4,614,021 |
Debt Securities at fair value through profit or loss | 75,935,163 | 42,747,797 | 28,817,744 |
Derivative Financial Instruments | 1,785,640 | 775,674 | 229,436 |
Repo Transactions | 2,068,076 | 14,286,336 | |
Other Financial Assets | 9,047,932 | 10,339,256 | 6,719,581 |
Loans and Other Financing | 282,710,068 | 284,354,759 | 245,703,421 |
Non-financial Public Sector | 11,777 | 8,532 | 26,457 |
Argentine Central Bank | 533 | 3,604 | 5,318 |
Other Financial Institutions | 7,519,894 | 6,706,238 | 4,926,816 |
To the Non-financial Private Sector and Residents Abroad | 275,177,864 | 277,636,385 | 240,744,830 |
Other Debt Securities | 14,424,134 | 4,182,537 | 3,183,852 |
Financial Assets Pledged as Collateral | 10,817,492 | 9,346,788 | 10,095,593 |
Current Income Tax Assets | 94,918 | 134,740 | 234,931 |
Investments in Equity Instruments | 161,054 | 111,923 | 187,135 |
Equity Investments in Associates and Joint Ventures | 286,802 | ||
Property, Plant and Equipment | 19,362,585 | 18,209,015 | 16,348,360 |
Intangible Assets | 4,587,147 | 1,724,914 | 1,660,793 |
Deferred Income Tax Assets | 972,975 | 762,570 | 1,035,260 |
Assets for Insurance Contracts | 982,502 | 1,021,703 | 988,723 |
Other non-financial assets | 2,824,769 | 3,738,130 | 3,019,668 |
Non-current Assets Held for Sale | 608,015 | 10,860,091 | 10,919,116 |
Total Assets | 569,691,898 | 489,641,114 | 450,614,394 |
Liabilities | |||
Deposits | 360,097,275 | 296,367,356 | 277,077,562 |
Non-financial Public Sector | 8,569,383 | 1,718,782 | 2,385,071 |
Financial Sector | 711,737 | 170,017 | 116,002 |
Non-financial Private Sector and Residents Abroad | 350,816,155 | 294,478,557 | 274,576,489 |
Liabilities at fair value through Profit or Loss | 2,144,664 | 0 | |
Derivative Financial Instruments | 1,835,789 | 846,331 | 290,384 |
Repo Transactions | 1,948,559 | 1,670,059 | 3,030,473 |
Other Financial Liabilities | 63,235,042 | 55,350,799 | 57,094,776 |
Loans from the Argentine Central Bank and Other Financial Institutions | 19,446,028 | 11,618,302 | 12,717,145 |
Debt Securities | 29,983,653 | 20,279,165 | 21,848,460 |
Current Income Tax Liabilities | 3,457,609 | 3,578,529 | 3,159,343 |
Subordinated Debt Securities | 9,767,874 | 7,128,356 | 7,490,444 |
Provisions | 1,449,323 | 897,260 | 709,213 |
Deferred Income Tax Liabilities | 1,903,646 | 2,088,540 | 1,843,597 |
Liabilities for Insurance Contracts | 1,103,220 | 1,195,647 | 1,154,162 |
Other Non-financial Liabilities | 11,471,530 | 21,142,454 | 18,525,957 |
Total Liabilities | 507,844,212 | 422,162,798 | 404,941,516 |
SHAREHOLDERS' EQUITY | |||
Capital Stock | 1,426,765 | 1,426,765 | 1,300,265 |
Non-capitalized Contributions | 10,951,132 | 10,951,132 | 219,596 |
Capital Adjustments | 22,479,149 | 22,479,149 | 16,354,236 |
Profit Reserves | 43,678,169 | 32,381,351 | 23,099,764 |
Retained Income | (14,945,645) | (9,596,038) | 1,455,826 |
Other Comprehensive Income (Loss) | 1,404 | 88,889 | 523,621 |
Net (Loss) / Income for the Year | (3,465,822) | 6,793,588 | |
Shareholders' Equity Attributable to owners of the Parent | 60,125,152 | 64,524,836 | 42,953,308 |
Shareholders' Equity Attributable to Non-controlling Interests | 1,722,534 | 2,953,480 | 2,719,570 |
Total Shareholders' Equity | $ 61,847,686 | $ 67,478,316 | $ 45,672,878 |
CONSOLIDATED INCOME STATEMENT
CONSOLIDATED INCOME STATEMENT - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Profit or loss [abstract] | ||
Interest Income | $ 78,273,788 | $ 54,693,722 |
Interest Expense | (44,910,325) | (24,819,687) |
Net Income from Interest | 33,363,463 | 29,874,035 |
Fee Income | 23,264,260 | 25,398,461 |
Fee related Expenses | (3,026,097) | (3,252,835) |
Net Fee Income | 20,238,163 | 22,145,626 |
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | 17,352,718 | 8,461,338 |
Income from Derecognition of Assets Measured at Amortized Cost | 221,639 | |
Gold and Foreign Currency Quotation Differences | 3,777,071 | 3,478,861 |
Other Operating Income | 11,571,913 | 8,996,632 |
Underwriting Income from Insurance Business | 2,869,319 | 3,314,912 |
Loan and other Receivables Loss Provisions | (16,299,727) | (7,293,856) |
Net Operating Income | 73,094,559 | 68,977,548 |
Personnel Expenses | (17,026,247) | (17,088,672) |
Administrative Expenses | (16,079,154) | (14,423,557) |
Depreciation and Impairment of Assets | (1,651,975) | (1,439,440) |
Other Operating Expenses | (16,899,065) | (14,605,226) |
Loss on net monetary position | (18,063,668) | (6,823,296) |
Operating Income | 3,374,450 | 14,597,357 |
Share of profit from Associates and Joint Ventures | 321,182 | |
Income from Continuing Operations before Taxes | 3,374,450 | 14,918,539 |
Income Tax from Continuing Operations | (6,912,526) | (7,319,027) |
Net Income from Continuing Operations | (3,538,076) | 7,599,512 |
Loss from Discontinued Operations | (259,756) | 0 |
Income Tax from Discontinued Operations | (31,675) | (321,760) |
Net (Loss) / Income for the Year | (3,829,507) | 7,277,752 |
(Loss) / Income for the Year Attributable to owners of the Parent | (3,465,822) | 6,793,588 |
(Loss) / Income for the Year Attributable to Non-controlling Interests | (363,685) | 484,164 |
Net (Loss) / Income for the Year | (3,829,507) | 7,277,752 |
(Loss) / Income per Share | ||
(Loss) / Income Attributable to owners of the Parent | (3,465,822) | 6,793,588 |
(Loss) / Income Attributable to owners of the Parent Adjusted for Dilution | $ (3,465,822) | $ 6,793,588 |
Weighted-Average of Ordinary Shares Outstanding for the Year | 1,426,765 | 1,332,617 |
Diluted Weighted-Average of Ordinary Shares Outstanding for the Year | 1,426,765 | 1,332,617 |
Basic (Loss) / Income per Share | $ (2.43) | $ 5.10 |
Diluted (Loss) / Income per Share | $ (2.43) | $ 5.10 |
CONSOLIDATED STATEMENT OF OTHER
CONSOLIDATED STATEMENT OF OTHER COMPREHENSIVE INCOME - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | ||
Statement of comprehensive income [abstract] | |||
Net (Loss) / Income for the Year | $ (3,829,507) | $ 7,277,752 | |
Items of Other Comprehensive Income that may be Reclassified to Profit or Loss for the Year | |||
Income or Loss from Financial Instruments at Fair Value through OCI (Other Comprehensive Income) (Item 4.1.2a of IFRS 9) | 0 | 0 | |
Income (Loss) for the Year from Financial Instruments at Fair Value with Changes through OCI | [1] | (87,485) | (434,732) |
Total Other Comprehensive Income (Loss) that may be Reclassified to Profit or Loss for the Year | (87,485) | (434,732) | |
Total Other Comprehensive Income / (Loss) | (87,485) | (434,732) | |
Total Comprehensive ( Loss) / Income | (3,916,992) | 6,843,020 | |
Total Comprehensive (Loss) / Income Attributable to owners of the Parent | (3,553,307) | 6,358,856 | |
Total Comprehensive (Loss) / Income Attributable to Non-controlling Interests | (363,685) | 484,164 | |
Total Comprehensive ( Loss) / Income | $ (3,916,992) | $ 6,843,020 | |
[1] | Net of Income Tax. |
CONSOLIDATED STATEMENT OF CHANG
CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY - ARS ($) $ in Thousands | Total | Capital stock outstanding [member] | Additional paid-in capital [member] | Adjustments to shareholders' equity [member] | Accumulated income (loss) from financial instruments at fair value with changes in OCI [member] | Legal reserve [member] | Other reserves [member] | Retained income [member] | Total shareholders' equity attributable to controlling interests [member] | Total shareholders' equity attributable to non-controlling interests [member] | |
Equity, Beginning balance (Previously stated [member]) at Dec. 31, 2016 | $ 20,352,700 | $ 1,300,265 | $ 219,596 | $ 278,131 | $ 315,679 | $ 12,221,152 | $ 6,017,877 | $ 20,352,700 | |||
Equity, Beginning balance (Increase (decrease) due to changes in accounting policy required by IFRSs [member]) at Dec. 31, 2016 | 25,320,178 | 16,076,105 | $ 523,621 | 265,977 | 10,296,956 | (4,562,051) | 22,600,608 | $ 2,719,570 | |||
Equity, Beginning balance at Dec. 31, 2016 | 45,672,878 | 1,300,265 | 219,596 | 16,354,236 | 523,621 | 581,656 | 22,518,108 | 1,455,826 | 42,953,308 | 2,719,570 | |
Disposal of Equity Interest in Tarjeta del Mar S.A. | (91,871) | (91,871) | |||||||||
Purchase of Non-controlling Interests | (1,370,140) | (1,364,452) | (1,364,452) | (5,688) | |||||||
Distribution of Dividends from Tarjetas Regionales S.A. | (152,695) | (152,695) | |||||||||
Distribution of Profits | |||||||||||
- Cash Dividends | [1] | (405,825) | (405,825) | (405,825) | |||||||
- Other Reserves | [1] | 10,646,039 | (10,646,039) | ||||||||
Capital Increase | [2] | 16,982,949 | 126,500 | 10,731,536 | 6,124,913 | 16,982,949 | |||||
Total Comprehensive Income for the Year | |||||||||||
Net (Loss) / Income for the Year | Previously stated [member] | 12,298,094 | ||||||||||
Net (Loss) / Income for the Year | Increase (decrease) due to changes in accounting policy required by IFRSs [member] | (5,965,223) | ||||||||||
Net (Loss) / Income for the Year | 7,277,752 | 6,793,588 | 6,793,588 | 484,164 | |||||||
Other Comprehensive Income (Loss) for the Year | Increase (decrease) due to changes in accounting policy required by IFRSs [member] | (434,732) | ||||||||||
Other Comprehensive Income (Loss) for the Year | (434,732) | (434,732) | (434,732) | ||||||||
Equity, Ending balance (Previously stated [member]) at Dec. 31, 2017 | 39,300,205 | 1,426,765 | 10,951,132 | 278,131 | 315,679 | 17,999,029 | 8,329,469 | 39,300,205 | |||
Equity, Ending balance (Increase (decrease) due to changes in accounting policy required by IFRSs [member]) at Dec. 31, 2017 | 28,178,111 | 22,201,018 | 88,889 | 265,977 | 13,800,666 | (11,131,919) | 25,224,631 | 2,953,480 | |||
Equity, Ending balance at Dec. 31, 2017 | 67,478,316 | 1,426,765 | 10,951,132 | 22,479,149 | 88,889 | 581,656 | 31,799,695 | (2,802,450) | 64,524,836 | 2,953,480 | |
Purchase of Non-controlling Interests | 770,472 | 770,472 | (770,472) | ||||||||
Distribution of Dividends from Tarjetas Regionales S.A. | (96,789) | (96,789) | |||||||||
Distribution of Profits | |||||||||||
- Cash Dividends | (1,616,849) | (1,616,849) | (1,616,849) | ||||||||
- Other Reserves | 37,354 | 10,488,992 | (10,526,346) | ||||||||
Total Comprehensive Income for the Year | |||||||||||
Net (Loss) / Income for the Year | (3,829,507) | (3,465,822) | (3,465,822) | (363,685) | |||||||
Other Comprehensive Income (Loss) for the Year | (87,485) | (87,485) | (87,485) | ||||||||
Equity, Ending balance at Dec. 31, 2018 | $ 61,847,686 | $ 1,426,765 | $ 10,951,132 | $ 22,479,149 | $ 1,404 | $ 619,010 | $ 43,059,159 | $ (18,411,467) | $ 60,125,152 | $ 1,722,534 | |
[1] | Approved by Shareholders' Meeting held on April 25, 2017. See Note 43. | ||||||||||
[2] | Approved by Shareholders' Meeting held on August 15, 2017. See Note 32. |
CONSOLIDATED STATEMENT OF CASH
CONSOLIDATED STATEMENT OF CASH FLOWS - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net Income from Continuing Operations for the Year before Income Tax | $ 3,374,450 | $ 14,918,539 |
Adjustment to Obtain the Operating Activities Flows: | ||
Interest Income | (78,273,788) | (54,693,722) |
Interest Expenses | 44,910,325 | 24,819,687 |
Net Loss from Instruments measured at Fair Value through profit or loss | (17,352,718) | (8,461,338) |
Loan and other Receivables Loss Provisions | 16,299,727 | 7,293,856 |
Depreciation and Impairment of Assets | 1,651,975 | 1,439,440 |
Other Allowances | 2,023,052 | 360,525 |
Quotation Difference | 9,709,820 | 1,536,329 |
Share of profit from Associates and Joint Ventures | (321,182) | |
Loss from Derecognition of Assets Measured at Amortized Cost | (221,639) | |
Loss on Net Monetary Position | 45,377,724 | 18,582,733 |
Other Operations | 389,777 | 588,501 |
Net Increases/(Decreases) from Operating Assets: | ||
Debt securities measured at fair value through profit or loss | 40,437,672 | 8,775,726 |
Derivative Financial Instruments | 1,045,359 | (563,420) |
Repo Transactions | 762,799 | 1,250,915 |
Other Financial Assets | 28,040 | (3,959,689) |
Net Loans and Other Financing | ||
- Non-financial Public Sector | (11,316) | 2,503 |
- Other Financial Institutions | 1,369,146 | (881,125) |
- Non-financial Private Sector and Residents Abroad | 140,346,130 | 11,462,657 |
Other Debt Securities | (5,262,779) | (1,080,178) |
Financial Assets Pledged as Collateral | (985,842) | 748,802 |
Investments in Equity Instruments | 154,138 | 258,282 |
Other Non-financialAssets | (511,478) | (5,910,500) |
Cash flows from Discontinued Operations | 1,580,060 | |
Deposits | ||
- Non-financial Public Sector | 6,827,031 | (666,289) |
- Financial Sector | (2,973,910) | (1,122,948) |
- Non-financial Private Sector and Residents Abroad | (109,471,091) | (5,263,874) |
Liabilities at fair value through profit or loss | 1,137,374 | |
Derivative Financial Instruments | 885,047 | (40,008) |
Repo Transactions | (2,224,327) | (1,718,536) |
Other Financial Liabilities | 23,336 | (7,150,088) |
Provisions | (79,809) | (121,343) |
Other Non-financialLiabilities | (6,260,869) | (1,553,016) |
Income Tax Collections/Payments | (6,857,503) | (4,298,523) |
NET CASH GENERATED BY / (USED IN) OPERATING ACTIVITIES (A) | 86,265,853 | (4,187,224) |
Payments: | ||
Purchase of PP&E, Intangible Assets and Other Assets | (3,687,956) | (3,260,097) |
Purchase of Non-controllingInterests | (770,472) | (97,559) |
Other Payments Related to Investing Activities | (4,598) | (249,723) |
Collections: | ||
Sale of PP&E, Intangible Assets and Other Assets | 49,204 | 738,231 |
Other Collections Related to Investing Activities | 513,337 | |
Dividends Earned | 362,501 | 207,120 |
Discontinued Operations/Sale of Equity Investments in Associates and Joint Ventures | 1,331,209 | 1,019,208 |
NET CASH USED IN INVESTMENT ACTIVITIES (B) | (2,206,775) | (1,642,820) |
Payments: | ||
Unsubordinated Debt Securities | (6,127,336) | (16,976,255) |
Argentine Central Bank | (2,987) | (15,312) |
Subordinated Debt Securities | (593,437) | (563,241) |
Loans from Local Financial Institutions | (3,905,074) | (3,237,409) |
Banks and International Entities | (10,354,132) | (284,627) |
Dividends | (1,616,849) | (405,825) |
Cash Flows from Discontinued Operations | (987,404) | |
Other Payments Related to Financing Activities | (45,510) | |
Collections: | ||
Unsubordinated Debt Securities | 17,507,193 | 15,918,287 |
Argentine Central Bank | 13,521 | 19,587 |
Loans from Local Financial Institutions | 6,433,252 | 982,914 |
Banks and International Entities | 9,088,627 | 3,858,010 |
Equity Instruments Issued | 17,212,307 | |
NET CASH GENERATED BY FINANCING ACTIVITIES (C) | 10,397,268 | 15,521,032 |
EXCHANGE INCOME/(LOSSES) ON CASH AND CASH EQUIVALENTS (D) | 44,831,615 | (2,787,992) |
NET (DECREASE)/INCREASE IN CASH AND CASH EQUIVALENTS (A+B+C+D) | 139,287,961 | 6,902,996 |
MONETARY LOSS RELATED TO CASH AND CASH EQUIVALENTS | (45,377,724) | (18,582,733) |
CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 131,958,216 | 143,637,953 |
CASH AND CASH EQUIVALENTS AT END OF THE YEAR | $ 225,868,453 | $ 131,958,216 |
Accounting Policies and Basis f
Accounting Policies and Basis for Preparation | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Accounting Policies and Basis for Preparation | NOTE 1. ACCOUNTING POLICIES AND BASIS FOR PREPARATION Grupo Financiero Galicia S.A. (individually referred to as the “Company” and jointly with its subsidiaries as the “Group”) was constituted on September 14, 1999, as a financial services holding company organized under the laws of Argentina. The Company’s main asset is its interest in Banco de Galicia y Buenos Aires S.A.U. (“Banco Galicia” or the “Bank”) which is a private-sector bank that offers a full spectrum of financial services both to individuals and corporate customers. In addition, the Company has a controlling interest in Tarjetas Regionales S.A., which maintains investments related to the issuance of credit cards and supplementary services; Sudamericana Holding S.A., a company engaged in the insurance business; Galicia Administradora de Fondos S.A., a mutual fund manager, and Galicia Warrants S.A., a company engaged in the issuance of warrants. These consolidated financial statements were approved and authorized for publication through Minutes of Board of Directors’ Meeting No. 586 dated May 14, 2019. 1.1. FIRST-TIME ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) These consolidated financial statements have been prepared in accordance and in compliance with the International Financial Reporting Standards issued by the IASB and the interpretations of the IFRIC (jointly, “IFRS”). All the IFRSs in force as of the date of preparation of these consolidated financial statements have been applied. The Group has applied IFRSs for the first time during the fiscal year starting on January 1, 2018, the transition date being January 1, 2017. In the light of the fact that the Group is subject to the provisions of Article 2 – Section I – Chapter I of Title IV: Periodical Reporting Requirements of the National Securities Commission (“C.N.V.”) regulations, it is also required to present its financial statements in accordance with the valuation and disclosure criteria set forth by the Argentine Central Bank. As required by the aforementioned article, we hereby report that: • Grupo Financiero Galicia S.A.’s corporate purpose is exclusively related to financial and investment activities; • The equity investment in Banco de Galicia y Buenos Aires S.A.U. and Tarjetas Regionales S.A., the latter being subject to the consolidated supervision requirements laid down by the Argentine Central Bank (Communiqué “A” 2989, and complementary), accounts for 94.68% of Grupo Financiero Galicia S.A.’s assets, being the Company’s main asset. • 110.29% of Grupo Financiero Galicia S.A.’s income is derived from its share of profit (loss) in the entities referred to in the preceding paragraph; • Grupo Financiero Galicia S.A. has a 100% equity interest in Banco de Galicia y Buenos Aires S.A.U. and an 83% equity interest in Tarjetas Regionales S.A., thus having control over both entities. The Argentine Central Bank, through Communiqué “A” 5541, as amended, set forth a convergence plan towards the application of International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC), for entities under the its supervision, effective for fiscal years commencing January 1, 2018. The convergence plan had two exceptions to the application of IFRS: (i) item 5.5 (Impairment) of IFRS 9 “Financial Instruments”, and (ii) IAS 29 “Financial Reporting in Hyperinflationary Economies”, both of which were waived until January 1, 2020, at which time entities will be required to apply the provisions of IFRS in full. The Group has presented its local financial statements under these rules on March 7, 2019. Shareholders’ equity under the rules of the Argentine Central Bank is presented in Note 54. The Group’s consolidated financial statements for the fiscal year ended December 31, 2018 have been prepared in accordance with IFRS 1 “First-time Adoption of International Financial Reporting Standards.” Comparative figures and figures as of the transition date (January 1, 2017) have been modified conform to IFRS. Note 3 presents a reconciliation of the figures disclosed in the consolidated balance sheet, consolidated statement of comprehensive income, consolidated statement of other comprehensive income, and consolidated statement of cash flows comprising the consolidated financial statements issued under the prior accounting framework to the figures in accordance with IFRS, as well as the effects of adjustments to cash flows as of the transition date (January 1, 2017) and as of the adoption date (December 31, 2017). It has been concluded that these consolidated financial statements fairly present the Group’s financial position, financial performance and cash flows, in accordance with IFRS. 1.2. BASIS FOR PREPARATION These consolidated financial statements have been prepared in accordance with IFRS. The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Groups´ accounting policies. The areas involving higher degree of judgement or complexities or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 2. (a) Going Concern As of the date of these consolidated financial statements, there are no uncertainties related to events or conditions that may cast significant doubt upon the Group´s ability to continue as a going concern. (b) Measurement Unit IAS 29 “Financial Reporting in Hyperinflationary Economies” requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be restated in terms of the current measurement unit as of the reporting period-end, non-monetary Non-monetary non-monetary In order to conclude whether a given economy qualifies as hyperinflationary pursuant to the terms of IAS 29, the standard sets forth certain factors that should be considered, including a three-year cumulative inflation rate reaching or exceeding 100%. In this regard, the Argentine Federation of Professional Councils in Economic Sciences (F.A.C.P.C.E.) through Resolution J.G.539/18 and the Professional Council in Economic Sciences of the Autonomous City of Buenos Aires (C.P.C.E.C.A.B.A.) through Resolution C.D. 107/2018 have pointed out that, effective for fiscal years ending on July 1, 2018 and thereafter, entities reporting under IFRS will be required to apply IAS 29 since the conditions for such application have been satisfied. In addition, Law No. 27468 enacted in November 2018 abrogated the prohibition to present the financial statements adjusted for inflation, as established by Decree 664/2003, entrusting each regulatory agency with its application. In this regard, on December 26, 2018, the C.N.V. issued General Resolution No. 777/2018 authorizing the issuing entities to present accounting information in constant currency for annual financial statements for interim and special periods ending on December 31, 2018 and thereafter, except for financial institutions and insurance companies. On February 22, 2019, through Communiqué “A” 6651, the Argentine Central Bank established that entities subject to its control shall restate the financial statements into constant currency for the fiscal years commencing January 1, 2020. However the Group has applied IAS 29 in these consolidated financial statements in order for them to comply with IFRS. (c) Changes in Accounting Criteria/New Accounting Standards Certain new accounting standards and interpretations have been published that are not mandatory for December 31, 2018 reporting periods and have not been early adopted by the Group. The Group’s assessment of the impact of these new standards and interpretations is set out below. IFRS 16 “Leases”: low-value The application of such standard is expected to cause an increase of about $2.500 million in total assets for recording the right of use of assets net of their accumulated depreciation, coupled with an increase for the same amount in liabilities for recording the financial liability arising from the lease. IFRS 17 “Insurance Contracts”: non-financial IFRIC 23 “Uncertainty over Income Tax Treatment”: Prepayment Features with Negative Compensation – Amendments to IFRS 9: Investments in Associates and Joint Ventures – Amendments to IAS 28: Annual Improvements to IFRS 2015–2017 Cycle: • IFRS 3: The amendments to IFRS 3 clarified that obtaining control of a joint operation is a business combination achieved in stages. • IFRS 11: The amendments to IFRS 11 clarified that the party obtaining control of a business that is a joint operation should not remeasure its previously held interest in that joint operation. • IAS 12: The amendments to IAS 12 clarified that the tax consequences of dividends on financial instruments classified as equity should be recognized according to where the past transactions or events that generated distributable profits where recognized. These requirements apply to all income tax consequences of dividend. • IAS 23: The amendments to IAS 23 clarified that if a specific borrowing remains outstanding after the related qualifying asset is ready for its intended use or sale, then that borrowing becomes part of general borrowings. Entities are required to apply these amendments for fiscal years commencing on or after January 1, 2019. The Group believes that the application of this standard would not have a material impact. There are no other IFRS or IFRIC interpretations that are not yet effective and that would have a material impact on the Group. 1.3. CONSOLIDATION Subsidiaries are all entities, including structured entities, over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The existence and effect of substantive rights, including potential voting rights, is taken into account when assessing whether the Group has control over another entity. In order for a right to be substantive, it must be exercisable by its holder when decisions about the direction of the entity’s relevant activities need to be made. The Group may have control over an entity, even if it is entitled to less than a majority of voting rights. In addition, other investors’ protective rights, such as those related to substantive changes to the investee’s activities or only applicable under exceptional circumstances, do not prevent the Group from having power over an investee. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The following table shows the subsidiaries consolidated into the Group’s consolidated financial statements, at their different levels: Percentage Interest (%) Local and 12.31.18 12.31.17 01.01.17 Company Country Functional Currency Closing Date Direct Direct and Indirect Direct Direct and Indirect Direct Direct and Indirect Banco de Galicia y Buenos Aires S.A.U. Argentina ARP 12.31.18 100 100 100 100 100 100 Cobranzas Regionales S.A. Argentina ARP 12.31.18 — 83 — 77 — 77 Galicia Administradora de Fondos S.A. Argentina ARP 12.31.18 95 100 95 100 95 100 Galicia Broker Asesores de Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Retiro Compañía de Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Valores S.A. Argentina ARP 12.31.18 1 100 1 100 — 100 Galicia Warrants S.A. Argentina ARP 12.31.18 87.5 100 87.5 100 87.5 100 Financial Trust Galtrust I Argentina ARP 12.31.18 — — — 100 — 100 Financial Trust Saturno Créditos Argentina ARP 12.31.18 — 100 — 100 — 100 Net Investment S.A. (in Liquidation) (*) Argentina ARP 12.31.18 — — 87.5 100 87.5 100 Ondara S.A. Argentina ARP 12.31.18 — 83.9 — 78.2 — 78.2 Sudamericana Holding S.A. Argentina ARP 12.31.18 87.5 100 87.5 100 87.5 100 Tarjeta Naranja S.A. Argentina ARP 12.31.18 83 83 — 77 — 77 Tarjetas del Mar S.A. Argentina ARP 12.31.18 — — — — — 60 Tarjetas Regionales S.A. Argentina ARP 12.31.18 83 83 — 77 — 77 (*) The final distribution was paid out on January 9, 2018. As a result of the application of IFRS 10 “Consolidation,” the Group has started to consolidate Financial Trusts Saturno Créditos and Financial Trust Galtrust I in its consolidated financial statements, and deconsolidated Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A., as these two companies have been classified as held for sale as of December 31, 2017 and January 1, 2017. For purposes of consolidation, the Group used the subsidiaries’ financial statements for the fiscal year ended December 31, 2018. Accounting policies of Sudamericana Holding S.A. have been adjusted in order for them to reflect similar criteria to those applied by the Group in preparing its consolidated financial statements. Intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated. Non-controlling According to the provisions set forth in IFRS 3 “Business Combinations,” the acquisition of subsidiaries is accounted for by applying the acquisition method. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. Goodwill is measured as the difference, as of the acquisition date, of the identifiable assets acquired, the liabilities assumed, the value of the consideration transferred, the amount of the non-controlling The consideration transferred in a business combination is measured at the fair value of the assets transferred by the acquirer, the liabilities assumed, and the equity instruments issued by the acquirer. Transaction costs are recognized as expenses in the periods in which costs were incurred and services were received, other than transaction costs incurred in issuing equity instruments which are deducted from equity and the transaction costs incurred in issuing debt instruments, which are deducted from their carrying amount. 1.4. TRANSACTIONS WITH NON-CONTROLLING The Group treats transactions with non-controlling non-controlling non-controlling 1.5. ASSOCIATES Associates are entities over which the Group has significant influence (either directly or indirectly), but not control joint control. This is generally the case where the Group holds between 20 and 50% interest in voting rights. Investments in associates are accounted for using the equity method and are initially recognized at cost. The carrying amount of associates includes the goodwill identified in the acquisition, net of accumulated impairment losses, if any. Dividends received from associates reduce the carrying amount of the investment. Other changes subsequent to the acquisition of the Group’s interest in an associate’s net assets are recognized as follows: (i) the Group’s interest in the profits or losses of the associates is accounted for in the income statement under Share of Profit from Associates and Joint Ventures, and (ii) the Group’s interest in other comprehensive income is recognized in the consolidated statement of other comprehensive income and is disclosed separately. However, when the Group’s share of losses in an associate equals or exceeds its interest the entity, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associate; unrealized losses are also eliminated, provides evidence of an impairment of the asset transferred. 1.6. SEGMENT REPORTING An operating segment is a component of an entity (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), (b) whose operating results are regularly reviewed by the Group’s CODM (chief operating decision maker) to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. Operating segments are reported consistently with the internal reports submitted to the Board of Directors (CODM of the Group), which is responsible for making the Group’s strategic decisions, allocating resources and assessing the performance of the operating segments. 1.7. FOREIGN CURRENCY TRANSLATION (a) Functional and Presentation Currency The figures disclosed in the consolidated financial statements for each of the Group’s entities are measured in their functional currency, that is, the currency of the main economic environment in which they operate. These consolidated financial statements are stated in Argentine Pesos, which is the Group’s functional and presentation currency. (See Note 1.2). (b) Transactions and Balances Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are generally recognized in the income statement under “Gold and Foreign Currency Quotation Differences,”. They are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation. Assets and liabilities in foreign currency are measured at the reference exchange rate of the U.S. dollar set by the Argentine Central Bank prevailing at the close of operations on the last working day of each month. As of December 31, 2018, December 31, 2017, and January 1, 2017, balances in U.S. Dollars were converted applying the reference exchange rate ($37.8083, $18.7742 and $15.8502, respectively) set by the Argentine Central Bank. Assets and liabilities valued in foreign currencies other than the U.S. Dollar were converted into the latter currency using swap rates reported by the Argentine Central Bank. 1.8. CASH AND DUE FROM BANKS The item Cash and Due from Banks includes cash available and unrestricted deposits held in banks, which are short-term liquid instruments and have original maturities of less than three months. The assets disclosed under cash and cash equivalents are accounted for at amortized cost which approximates its fair value. 1.9. FINANCIAL INSTRUMENTS Initial Recognition The Group recognizes a financial asset or liability in its consolidated financial statements, as the case may be, when it becomes a party to the contractual provisions of the instrument. Regular way purchases and sales of financial assets are recognized on trade-date, the date on which the group commits to purchase or sell the asset. Upon initial recognition, the Group measures financial assets and liabilities at fair value, plus or less, in the case of instruments that are not recognized at fair value through profit or loss, the transaction costs directly attributable to the acquisition, such as fees and commissions. Where the fair value differs from the acquisition cost at the time of initial recognition, the Group recognizes the difference as follows: a. When the fair value is evidenced by a quoted price in an active market for an identical asset or liability, or is based on a valuation technique that uses only data from observable markets, the difference is recognized as profit or loss, as the case may be. b. In all other cases, the difference is deferred. After initial recognition, the entity shall recognize that deferred difference as a gain or loss only to the extent that it arises from a change in a factor (including time) that market participants would take into account when pricing the asset or liability. Financial Assets a. Debt Instruments The Group classifies as debt instruments such instruments that are considered financial liabilities for the issuer, including loans, government and private securities, bonds, and accounts receivable from customers. Classification As set out in IFRS 9, the Group classifies financial assets as subsequently measured at amortized cost, at fair value through in other comprehensive income or at fair value through profit or loss, on the basis of: • the Group’s business model to manage financial assets; and • the characteristics of contractual cash flows of the financial asset. Business Model The business model is the manner in which the Group manages a set of financial assets to achieve a specific business goal. It represents the manner in which the Group manages its financial assets in order to generate cash flows. The Group may follow several business models; whose objective is: • Holding instruments to collect its contractual cash flows; • Holding instruments in portfolio to collect contractual cash flows and, in turn, sell them if deemed convenient; or • Holding instruments for trading. The Group’s business model does not depend on the intended purpose of an individual instrument. Accordingly, this condition is not an approach for classification of instruments on an individual basis. Instead, such classification is determined at a higher level of aggregation. The Group only reclassifies an instrument if and when the business model for managing financial assets has changed. Such reclassification takes place as from the commencement of the period in which the change has occurred. Such changes are not expected to be frequent, with no changes having occurred during the fiscal year. Characteristics of Contractual Cash Flows The Group assesses whether the cash flows from the aggregated instruments represent payments of solely principal and interest on the principal amount outstanding; otherwise, such instruments should be measured at fair value through profit or loss. Based on the aforementioned, Financial Assets are classified into three categories: (i) Financial assets measured at amortized cost: Financial assets are measured at amortized cost when: (a) the financial asset is held within a business model whose objective is to maintain financial assets to collect contractual cash flows; and (b) the contractual conditions of the financial asset give rise, on certain specified dates, to cash flows which are solely payments of principal and interest on the outstanding principal amount. These financial instruments are initially recognized at fair value plus the incremental and directly attributable transaction costs, and are subsequently measured at amortized cost. The amortized cost of a financial asset is equal to its acquisition cost, net of accumulated amortization plus accrued interest (calculated applying the effective rate method), net of impairment losses, if any. (ii) Financial assets at fair value through other comprehensive income: Financial assets are measured at fair value through other comprehensive income when: (a) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and (b) the contractual conditions of the financial asset give rise, on certain specified dates, to cash flows which are only principal and interest payments on the outstanding principal amount. These instruments are initially recognized at fair value plus the incremental and directly attributable transaction costs, and are subsequently measured at fair value through other comprehensive income. The gains and losses arising from the changes in fair value are included in other comprehensive income under a separate component of equity. Losses or impairment reversals, interest income, and exchange gains and losses are charged to income. Upon the sale or disposal of the instrument, the accumulated gains or losses previously recognized in other comprehensive income are reclassified from the income statement. (ii) Financial assets at fair value through profit or loss: Financial assets at fair value through profit or loss are: • Instruments held for trading; • Instruments specifically designated at fair value through profit or loss; and • Instruments whose contractual terms do not represent cash flows but rather principal or interest payments only on outstanding principal amount. These financial instruments are initially recognized at fair value and any fair value measurement is charged to the income statement. The Group classifies a financial instrument as held for trading if such instrument is acquired or incurred for the main purpose of selling or repurchasing it in the short term, or if it is part of a portfolio of financial instruments which are managed together and for which there is evidence of short-term profits, or if it is a derivative financial instrument not designated as a hedging instrument. Derivatives and trading securities are classified as held for trading and are measured at fair value. Furthermore, financial assets may be measured at fair value through profit or loss when, in doing so, the Group eliminates or substantially reduces a measurement or recognition inconsistency. b. Equity Instruments Equity instruments are those considered as such by the issuer; in other words, instruments which do not include a contractual obligation to pay cash and which evidence a residual interest on the issuer’s assets after deducting all of its liabilities. Such instruments are measured at fair value through profit or loss, except where management has used, at the time of their initial recognition, the irrevocable option to measure them at fair value through other comprehensive income. This option is only available when instruments are not held for trading. The gains or losses of these instruments will be recognized in Other Comprehensive Income, with no reclassification, to profit or loss even if when they are realized. Dividends receivable from such instrument will be charged to income only at the time the Group becomes entitled to receive payment. Financial Liabilities Classification The Group classifies its financial liabilities at amortized cost using the effective interest rate method, except for: • Financial liabilities measured at fair value through profit or loss, including derivative financial instruments. • Liabilities resulting from the transfer of financial assets that do not meet the derecognition criteria. • Financial guarantee contracts. • Loan commitments at lower than market rates. Financial liabilities measured at fair value through profit or loss: The Group may, upon initial recognition, use the irrevocable option to designate a financial liability at fair value through profit or loss, if and only if exercising such option results in a better information because: • the Group eliminates or substantially reduces measurement or recognition inconsistencies which would otherwise arise; • if financial assets and liabilities or a group of financial assets or liabilities are managed and performance is assessed on a fair value basis, according to a documented investment or risk management strategy; or • if a host contract contains one or more embedded derivatives and the Company has opted for designating the entire contract at fair value through profit or loss. Financial guarantee contracts: Financial guarantee contracts require the issuer to make specified payments to reimburse the holder for a loss it may incur if a specified debtor fails to make payment when due under a debt instrument´s original modified terms. Financial guarantee contracts and loan commitments at lower than market rates are initially measured at fair value and then remeasured at the higher of the unaccrued premium at year-end Derecognition of Financial Instruments Financial Assets A financial asset or, where applicable, a portion of a financial asset or a portion of a group of similar financial assets, is derecognized when: (i) the rights to receive cash flows from the asset have expired; or (ii) the Group has transferred its rights to receive cash flows from the asset or has assumed the obligation to remit all cash flows received to a third party without material delay under a pass-through agreement ; and substantially all risks and rewards inherent to the asset have been transferred or, if substantially all risks and rewards inherent to the asset have not been transferred or retained, when control over such asset has been transferred. When the contractual rights to receive the cash flows generated by the asset have been transferred or a pass-through agreement has been entered into, the entity will assess whether or not, and to which extent, it has retained the risks and rewards inherent to ownership of an asset. If an entity has neither transferred nor retained substantially all risks and rewards inherent to ownership of an asset, nor has it transferred control over such asset, then it will continue recognizing such asset in its financial statements to the extent of its continuing involvement. In this case, the entity will also recognize the related liability. The transferred asset and the related liability are measured in such a manner as to reflect the rights and obligations the Group has retained. When continuing involvement takes the form of collateral over the transferred asset, it is measured at the lower of (i) the original carrying amount, and (ii) the maximum amount of the consideration received the entity could be required to repay. Financial Liabilities: A financial liability is derecognized when the payment obligation is satisfied, is canceled or expires. When an existing financial liability is exchanged for another with the same borrower under substantially different terms, or the prevailing terms are substantially modified, such exchange or modification will be treated as a derecognition of the original liability, and a new liability will be recognized. The difference between the carrying amount of the initial financial liability and the consideration paid is recognized in the consolidated income statement. When renegotiation terms do not substantially differ or the terms are not significantly modified, the flows of modified financial liabilities are discounted at the original contract rate. 1.10. DERIVATIVE FINANCIAL INSTRUMENTS Derivative Financial instruments, including foreign exchange contracts, interest rate futures, forwards, interest rate and currency swaps, and currency and interest rate options, are carried at fair value. All derivative financial instruments are accounted for as assets when fair value is positive and as liabilities when fair value is negative, relative to the agreed-upon price. Changes in the fair value of derivative instruments are charged to income for the fiscal year. The Group has not applied hedge accounting in these consolidated financial statements. 1.11. REPO TRANSACTIONS Reverse Repo Transactions According to the derecognition principles set out in IFRS 9, these transactions are treated as secured loans for the risk has not been transferred to the counterparty. Loans received in the form of reverse repo agreements are accounted for under “Repo Transactions”, classified by counterparty (i.e. financial debtors, Argentine Central Bank and non-financial At the end of each month, accrued interest income is charged against “Repo Transactions” with its corresponding offsetting entry in “Interest Income.” The assets received and sold by the Group are derecognized at the end of the repo transaction, and an in-kind Repo Transactions Loans received in the form of repo agreements are accounted for under “Repo Transactions”, classified by counterparty (financial creditors, Argentine Central Bank and non-financial In these transactions, when the recipient of the underlying asset becomes entitled to sell it or pledge it as collateral, it is reclassified to “Financial Assets Pledged as Collateral” At the end of each month, these assets are measured according to the category they had before they were subject to the repo transaction, and results are charged against the applicable accounts, depending on the type of asset. At the end of each month, accrued interest expense is charged against “Repo Transactions” with its corresponding offsetting entry in “Interest-related Expenses.” 1.12. ALLOWANCES FOR LOAN LOSSES The Group assesses on a forward-looking b |
Significant Accounting Policies
Significant Accounting Policies and Estimates | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Significant Accounting Policies and Estimates | NOTE 2. SIGNIFICANT ACCOUNTING POLICIES AND ESTIMATES The preparation of these consolidated financial statements in accordance with IFRS requires the use of certain significant accounting estimates. It also requires Management to make judgments in applying the accounting standards to define the Group’s accounting policies. The Group has identified the following areas which involve a higher degree of judgment or complexity, or the areas in which the assumptions and estimates are material for these consolidated financial statements, which are essential to understand the underlying accounting/financial reporting risks. a. FAIR VALUE OF DERIVATIVE INSTRUMENTS AND OTHER INSTRUMENTS The fair value of financial instruments not listed in active markets is determined using valuation techniques. Such techniques are validated and reviewed periodically by qualified personnel independent from the area which developed them. All models are assessed and adjusted before being put into use in order to ensure that results reflect current information and comparable market prices. Where possible, models rely on observable inputs only; however, certain factors, such as the Group’s own and the counterparty’s credit risk, volatilities and correlations, require the use of estimates. Changes in the assumptions about these factors may affect the reported fair value of financial instruments. b. IMPAIRMENT LOSSES ON LOANS AND ADVANCES The Group recognizes the allowance for loan losses under the expected credit losses method included in IFRS 9. The most significant judgments of the model relate to defining what is considered to be a significant increase in credit risk, determining the life of revolving facilities, and in making assumptions and estimates to incorporate relevant information about past events, current conditions and forecasts of economic conditions. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors. c. IMPAIRMENT OF NON-FINANCIAL Intangible assets with definite useful life and property, plant and equipment are amortized or depreciated on a straight-line basis during their estimated useful life. The Group monitors the conditions associated with these assets to determine whether the events and circumstances require a review of the remaining amortization or depreciation term and whether there are factors or circumstances indicating impairment in the value of the asset which might not be recoverable. Identifying the indicators of impairment of property, plant and equipment and intangible assets requires the use of judgment. The Group has concluded that there were no indicators of impairment for any of the years reported in its consolidated financial statements. d. INCOME TAX AND DEFERRED TAX The assessment of current and deferred tax assets and liabilities requires a significant level of judgment. Current income tax is accounted for according to the amounts expected to be paid, while deferred income tax is accounted for on the basis of the temporary differences between the carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of reversal of such differences. A deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on Management’s assumptions about the amounts and timing of such future taxable income. Then, management needs to determine whether deferred tax assets are likely to be used and offset against future taxable income. Actual results may differ from these estimates, for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts. Future taxable income and the number of tax benefits likely to be available in the future are based on a medium-term business plan prepared by management, on the basis of expectations which are deemed reasonable. |
Transition To IFRS
Transition To IFRS | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Transition To IFRS | NOTE 3. TRANSITION TO IFRS 3.1. REQUIREMENTS FOR THE TRANSITION TO IFRS The following is a reconciliation between the shareholders’ equity, consolidated income statement, consolidated other comprehensive income and consolidated statement of cash flows amounts related to the consolidated financial statements issued according to the accounting framework prior to the transition date (January 1, 2017) and the adoption date (December 31, 2017), and the amounts presented according to the IFRS (see Note 1.1) in these consolidated financial statements, as well as the effects of adjustments to cash flows. Consolidated Balance Sheet Prior Accounting Framework 12.31.17 Reclassifications Adjustments References (*) IFRS 12.31.17 ASSETS Cash and Due from Banks 83,654,804 3,864,824 (474,747 ) (**) 87,044,881 Debt Securities 57,243,282 (57,243,282 ) — — Loans and Other Financing 291,356,673 (291,356,673 ) — — Other Receivables Resulting from Financial Brokerage 49,252,567 (49,252,567 ) — — Receivables from Financial Leases 2,475,481 (2,475,481 ) — — Equity Investments in Associates and Joint Ventures 42,380 (42,380 ) — (b) — Miscellaneous Receivables 5,624,770 (5,624,770 ) — — Property, Plant and Equipment 6,599,018 855,941 10,754,056 (c) 18,209,015 Miscellaneous Assets 920,957 (920,957 ) — — Intangible Assets 5,281,315 (3,386,055 ) (170,346 ) (d) 1,724,914 Unallocated Items 105,237 (105,237 ) — — Other Assets 933,522 (933,522 ) — — Debt Securities at Fair Value through Profit or Loss — 43,131,317 (383,520 ) (e) 42,747,797 Derivative Financial Instruments — 775,674 — (f) 775,674 Repo Transactions — 14,286,336 — 14,286,336 Other Financial Assets — 10,280,118 59,138 (g) 10,339,256 Loans and Other Financing — 294,954,874 (10,600,115 ) (h) 284,354,759 Other Debt Securities — 3,826,823 355,714 (i) 4,182,537 Financial Assets Pledged as Collateral — 9,442,784 (95,996 ) (k) 9,346,788 Current Income Tax Assets — 435,524 (300,784 ) (**) 134,740 Investments in Equity Instruments — 30,814 81,109 (j) 111,923 Deferred Income Tax Assets — 898,751 (136,181 ) (q) 762,570 Assets for Insurance Contracts — 1,021,703 — 1,021,703 Other Non-financial — 4,119,159 (381,029 ) (l) 3,738,130 Non-current — 6,998,967 3,861,124 (m) 10,860,091 TOTAL ASSETS 503,490,006 (16,417,315 ) 2,568,423 489,641,114 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Balance Sheet Prior Accounting Framework 12.31.17 Reclassifications Adjustments References (*) IFRS 12.31.17 LIABILITIES Deposits 300,385,784 18,197 (4,036,625 ) (**) 296,367,356 Other Liabilities Resulting from Financial Brokerage 120,099,500 (120,099,500 ) — — Miscellaneous Liabilities 12,654,374 (12,654,374 ) — — Provisions 1,053,020 — (155,760 ) (n) 897,260 Subordinated Debt Securities 7,128,356 — — 7,128,356 Unallocated Items 82,199 (82,199 ) — — Non-Controlling 2,857,150 (2,857,233 ) 83 — Other Liabilities 1,204,603 (1,204,603 ) — (s) — Derivative Financial Instruments — 846,331 — (f) 846,331 Repo Transactions — 1,670,059 — (**) 1,670,059 Other Financial Liabilities — 55,255,531 95,268 (o) 55,350,799 Loans from the Argentine Central Bank and Other Financial Institutions — 12,545,122 (926,820 ) (p) 11,618,302 Debt Securities — 23,680,419 (3,401,254 ) (**) 20,279,165 Current Income Tax Liabilities — 4,019,433 (440,904 ) (**) 3,578,529 Deferred Income Tax Liabilities — 102,293 1,986,247 (q) 2,088,540 Liabilities for Insurance Contracts — 1,208,253 (12,606 ) (s) 1,195,647 Other Non-financial — 19,642,178 1,500,276 (r) 21,142,454 TOTAL LIABILITIES 445,464,986 (17,910,093 ) (5,392,095 ) 422,162,798 SHAREHOLDERS’ EQUITY Capital Stock, Contributions and Reserves 45,726,926 (1,364,453 ) 22,875,924 67,238,397 Retained Income — — (9,596,038 ) (9,596,038 ) Other Accumulated Comprehensive Income — — 88,889 88,889 Net Income for the Year 12,298,094 — (5,504,506 ) 6,793,588 Shareholders’ Equity Attributable to owners of the Parent 58,025,020 (1,364,453 ) 7,864,269 64,524,836 Shareholders’ Equity Attributable to Non-controlling — 2,857,231 96,249 2,953,480 TOTAL SHAREHOLDERS’ EQUITY 58,025,020 1,492,778 7,960,518 67,478,316 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Balance Sheet Prior Accounting Framework 01.01.17 Reclassifications Adjustments References (*) IFRS 01.01.17 ASSETS Cash and Due from Banks 112,701,996 9,195,966 (713,983 ) (**) 121,183,979 Debt Securities 25,244,436 (25,244,436 ) — — Loans and Other Financing 253,261,822 (253,261,822 ) — — Other Financial Assets 33,494,417 (33,494,417 ) — — Receivables from Financial Leases 1,760,275 (1,760,275 ) — — Equity Investments in Associates and Joint Ventures 97,589 (55,935 ) 245,148 (b) 286,802 Miscellaneous Receivables 6,338,591 (6,338,591 ) — — Property, Plant and Equipment 5,294,669 1,856,493 9,197,198 (c) 16,348,360 Miscellaneous Assets 2,250,193 (2,250,193 ) — — Intangible Assets 4,757,939 (2,160,844 ) (936,302 ) (d) 1,660,793 Unallocated Items 164,052 (164,052 ) — — Other Assets 993,393 (993,393 ) — — Debt Securities at fair value through Profit or Loss — 26,885,062 1,932,682 (e) 28,817,744 Derivative Financial Instruments — 228,955 481 (f) 229,436 Repo Transactions — — — — Other Financial Assets — 7,385,466 (665,885 ) (g) 6,719,581 Loans and Other Financing — 255,623,225 (9,919,804 ) (h) 245,703,421 Other Debt Securities — 3,266,584 (82,732 ) (i) 3,183,852 Financial Assets Pledged as Collateral — 10,459,071 (363,478 ) (k) 10,095,593 Current Income Tax Assets — 418,206 (183,275 ) (**) 234,931 Investment in Equity Instruments — 56,036 131,099 (j) 187,135 Deferred Income Tax Assets — 1,160,815 (125,555 ) (q) 1,035,260 Assets for Insurance Contracts — 988,723 — 988,723 Other Non-financial — 3,593,168 (573,500 ) (l) 3,019,668 Non-current — 8,733,814 2,185,302 (m) 10,919,116 TOTAL ASSETS 446,359,372 4,127,626 127,396 450,614,394 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Balance Sheet Prior Accounting Framework 01.01.17 Reclassifications Adjustments References (*) IFRS 01.01.17 LIABILITIES Deposits 279,493,299 5,962 (2,421,699 ) (**) 277,077,562 Other Liabilities Resulting from Financial Brokerage 106,487,811 (106,487,811 ) — — Miscellaneous Liabilities 10,694,695 (10,694,695 ) — — Provisions 708,432 — 781 (n) 709,213 Subordinated Debt Securities 7,490,444 — — 7,490,444 Unallocated Items 129,955 (129,955 ) — — Non-controlling 2,694,159 (2,675,170 ) (18,989 ) — Other Liabilities 1,159,669 (1,159,669 ) — (s) — Liabilities at fair value through Profit or Loss — — — — Derivative Financial Instruments — 440,618 (150,234 ) (f) 290,384 Repo Transactions — 3,284,482 (254,009 ) (**) 3,030,473 Other Financial Liabilities — 57,594,377 (499,601 ) (o) 57,094,776 Loans from the Argentine Central Bank and Other Financial Institutions — 13,779,829 (1,062,684 ) (p) 12,717,145 Debt Securities — 23,976,836 (2,128,376 ) (**) 21,848,460 Current Income Tax Liabilities — 3,648,743 (489,400 ) (**) 3,159,343 Deferred Income Tax Liabilities — 24,541 1,819,056 (q) 1,843,597 Liabilities for Insurance Contracts — 1,157,101 (2,939 ) (s) 1,154,162 Other Non-financial — 18,687,269 (161,312 ) (r) 18,525,957 TOTAL LIABILITIES 408,858,464 1,452,458 (5,369,406 ) 404,941,516 SHAREHOLDERS’ EQUITY — Capital Stock, Adjustments and Reserves 26,412,657 — 14,561,204 40,973,861 Retained Income 11,088,251 — (9,632,425 ) 1,455,826 Other Accumulated Comprehensive Income — — 523,621 523,621 Net Income for the Year — — — — Shareholders’ Equity Attributable to owners of the Parent 37,500,908 — 5,452,400 42,953,308 Shareholders’ Equity Attributable to Non-controlling — 2,675,168 44,402 2,719,570 TOTAL SHAREHOLDERS’ EQUITY 37,500,908 2,675,168 5,496,802 45,672,878 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Income Statement Prior Accounting Framework 12.31.17 Reclassifications Adjustments IFRS 12.31.17 Financial Income 66,765,368 (66,765,368 ) — — Financial Expenses (30,038,123 ) 30,038,123 — — Loan and other Receivables Loss Provisions (7,684,942 ) (18,664 ) 409,750 (7,293,856 ) Fee Income 31,157,030 (31,157,030 ) — — Fee-related (9,785,476 ) 9,785,476 — — Administrative Expenses (33,945,130 ) 18,221,381 1,300,192 (14,423,557 ) Income (Loss) from Insurance Business 3,126,248 (90,404 ) 279,068 3,314,912 Non-controlling (924,564 ) 924,558 6 — Miscellaneous Income 2,391,176 (2,391,176 ) — — Miscellaneous Losses (1,447,703 ) 1,439,371 8,332 — Interest Income — 56,563,258 (1,869,536 ) 54,693,722 Interest-related Expenses — (24,268,734 ) (550,953 ) (24,819,687 ) Fee Income — 11,655,852 13,742,609 25,398,461 Fee-related — (3,743,746 ) 490,911 (3,252,835 ) Net Income from Financial Instruments Measured at Fair Value through Profit or Loss — 7,180,403 1,280,935 8,461,338 Gold and Foreign Currency Quotation Differences — 3,161,203 317,658 3,478,861 Other Operating Income — 21,442,293 (12,445,661 ) 8,996,632 Personnel Expenses — (16,672,435 ) (416,237 ) (17,088,672 ) Depreciation and Impairment of Assets — (1,554,602 ) 115,162 (1,439,440 ) Loss on Net Monetary Position — — (6,823,296 ) (6,823,296 ) Other Operating Expenses — (13,129,147 ) (1,476,079 ) (14,605,226 ) Share of profit from Associates and Joint Ventures — 291,445 29,737 321,182 Income Tax from Continuing Operations (7,315,790 ) 32,824 (36,061 ) (7,319,027 ) Income from Discontinued Operations — — — — Income Tax from Discontinued Operations — — (321,760 ) (321,760 ) Net Income 12,298,094 944,881 (5,965,223 ) 7,277,752 Other Comprehensive Income (Loss) — — (434,732 ) (434,732 ) Total Comprehensive Income (Loss) — — (434,732 ) (434,732 ) Total Comprehensive Income Attributable to owners of the Parent 12,298,094 — (5,939,238 ) 6,358,856 Total Comprehensive Income (Loss) Attributable to Non-controlling — 944,881 (460,717 ) 484,164 The significant adjustments to Cash Flows, as required by IFRS 1, paragraph 25 are as follows: a. Under the prior accounting framework, Cash and Due from Banks and highly-liquid investments with original maturities of three months or less were considered to be Cash and Cash Equivalents. Under IFRS, Cash and Due from Banks, including foreign currency purchases and sales pending settlement with original maturities of three months or less, and highly-liquid investments with original maturities of three months or less are considered to be Cash and Cash Equivalents b. Under the prior accounting framework, cash and cash equivalents of equity investments in Compañía Financiera Argentina S.A. (CFA) and Cobranzas y Servicios S.A. (CyS) were consolidated with those of the Group. Under IFRS, both companies are classified as Non-current The reconciliation of cash and cash equivalents is as follows: Prior Accounting Framework Cash Flows from Discontinued Operations IFRS Cash and Cash Equivalents 12.31.17 Operations Adjustments 12.31.17 Cash and Due from Banks 56,659,196 (321,544 ) 30,707,229 87,044,881 Argentine Central Bank Bills and Notes Maturing within up to 90 days 16,910,667 — 8,071,099 24,981,766 Receivables from Reverse Repo Transactions 9,654,517 — 4,599,952 14,254,469 Local Interbank Loans 365,000 570,000 445,486 1,380,486 Overnight Placements in Banks Abroad 269,278 — 157,404 426,682 Other Cash and cash equivalents 2,458,791 — 1,411,141 3,869,932 Total 86,317,449 248,456 45,392,311 131,958,216 Prior Accounting Framework Cash Flows from Discontinued Operations IFRS Cash and Cash Equivalents 01.01.17 Operations Adjustments 01.01.17 Cash and Due from Banks 90,309,271 (580,607 ) 31,455,315 121,183,979 Argentine Central Bank Bills and Notes Maturing within up to 90 days 9,797,693 — 2,922,565 12,720,258 Receivables from Reverse Repo Transactions 1,273,148 — 315,684 1,588,832 Local Interbank Loans 1,811,761 — 454,493 2,266,254 Overnight Placements in Banks Abroad 4,718,842 — 1,159,788 5,878,630 Total 107,910,715 (580,607 ) 36,307,845 143,637,953 c. Under the prior accounting framework, cash flows from Intangible Assets, Dividend Income from Investments in Associates and Cash Flows with the Argentine Central Bank were disclosed as cash flows provided by operating activities. Under IFRS, cash flows from Intangible Assets and Dividend Income from Investments in Subsidiaries and Associates are disclosed as cash flows provided by investing activities, while those from loans from the Argentine Central Bank are disclosed as cash flows provided by financing activities. d. Cash flows from CFA and CyS, as mentioned in point b. above, have not been consolidated under IFRS. The reconciliation of cash flows is as follows: Prior Accounting Framework CFA + CyS Discontinued Adjustments Inflation IFRS Cash and Cash Equivalents 12.31.17 Operations Adjustments Inflation 12.31.17 Operating Activities (I) (1,305,475 ) 1,580,060 (3,172,810 ) (1,288,999 ) (4,187,224 ) Investing Activities (II) (2,580,126 ) 459,805 1,069,869 (592,368 ) (1,642,820 ) Financing Activities (III) 15,816,746 (987,404 ) (4,316,983 ) 5,008,673 15,521,032 Effect of exchange rate changes on cash and cash equivalents 7,602,047 — (9,490,347 ) (899,692 ) (2,787,992 ) Total 19,533,192 1,052,461 (15,910,271 ) 2,227,614 6,902,996 (I) Operating Activities Cash Flows According to Prior Accounting Framework as of 12.31.17 (1,305,475 ) Cash Flows from Discontinued Operations 1,580,060 Adjustments that Affect Cash Flows from Operating Activities (4,528,664 ) Inflation effect (1,288,999 ) Intangible Assets 2,317,755 Miscellaneous Assets (818,745 ) Other Collections Related to Subsidiaries 153,563 Dividends from Associates (296,719 ) Cash Flows According to IFRS as of 12.31.17 (4,187,224 ) (II) Investing Activities Cash Flows According to Prior Accounting Framework as of 12.31.17 (2,580,126 ) Cash Flows from Discontinued Operations 459,805 Miscellaneous Assets 818,745 Dividends from Associates 296,719 Differences in the determination of Financing Activities 2,425,723 Other Collections Related to Subsidiaries (153,563 ) Inflation effect (592,368 ) Intangible Assets (2,317,755 ) Cash Flows According to IFRS as of 12.31.17 (1,642,820 ) (III) Financing Activities Cash Flows According to Prior Accounting Framework as of 12.31.17 15,816,746 Cash Flows from Discontinued Operations (987,404 ) Inflation effect 5,008,673 Differences in the determination of Financing Activities (4,316,983 ) Cash Flows According to IFRS as of 12.31.17 15,521,032 Effect of Changes in the Exchange Rate Cash Flows According to Prior Accounting Framework as of 12.31.17 7,602,047 Inflation effect (899,692 ) Differences in the determination of Financing Activities (9,490,347 ) Cash Flows According to IFRS as of 12.31.17 (2,787,992 ) 3.2. OPTIONAL EXEMPTIONS TO IFRS IFRS 1 allows entities that adopt IFRS for the first time to consider certain one-time Below are the optional exemptions applicable to the Group under IFRS 1: 1. Deemed Cost of Property, Plant and Equipment: The accumulated fair value totaled $6,880,487 and the adjustment to the carrying amount presented according to the prior accounting framework amounted to $4,832,716, out of which $4,475,869 was recorded under “Property, Plant and Equipment” and $356,847 under “Other Non-financial 2. Business Combinations: 3. Assets and Liabilities of Subsidiaries, Associates and Joint Ventures: The Group has not made use of other exemptions available in IFRS 1. 3.3. MANDATORY EXCEPTIONS TO IFRS Below are the mandatory exceptions applicable to the Group under IFRS 1: 1. Estimates: The estimates made by the Group under to IFRS as of January 1, 2017 (date of transition to IFRS) are consistent with the estimates made as of the same date according to the prior accounting framework. 2. Derecognition of financial assets and liabilities: The Group applied the derecognition criteria of financial assets and liabilities under IFRS 9 prospectively for transactions occurred after January 1, 2017. 3. Classification and measurement of financial assets: The Group has considered the facts and circumstances at the date of transition to IFRS (January 1, 2017) to assess the classification of financial assets in the three measurement categories established by IFRS 9. 4. Impairment of financial assets: At the date of transition to IFRSs, the Group used reasonable and supportable information that was available without undue cost or effort to determine the credit risk at the date that financial instruments were initially recognised (or for loan commitments and financial guarantee contracts the date that the entity became a party to the irrevocable commitment) and compare that to the credit risk at the date of transition to IFRSs. If, at the date of transition to IFRSs, determining whether there has been a significant increase in credit risk since the initial recognition of a financial instrument required undue cost or effort, the Group recognised a loss allowance at an amount equal to lifetime expected credit losses until that financial instrument is derecognised. 5. Other mandatory exceptions established by IFRS 1 that have not been applied because of not being material to the Group are: • Hedge accounting. • Non-controlling • Embedded derivatives • Government loans The other exceptions established by IFRS 1 have not been applied because of not being material to the Group. 3.4. RECLASSIFICATIONS The items recognized under the prior accounting framework, which were reclassified according to IFRS and as detailed in point 3.1., are described below. 3.4.1. Assets Spot Purchases and Sales Pending Settlement: Reverse Repo Transactions: Leasehold Improvements: Equity Investments: “Non-current Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. were disposed of on February 2, 2018 (see Note 23). Under the prior accounting framework they were disclosed under “Equity Investments”. Under IFRS they were reclassified to “Non-current Repurchase of Debt Securities: Repurchase of Non-controlling non-controlling 3.4.2. Income Statement Fees on Origination of Loans and Lending Expenses: “Fee-related 3.5. ADJUSTMENTS AS OF THE DATE OF TRANSITION (a) According to the prior accounting framework, structuring fees were disclosed under “Fee Income” and lending expenses under “Fee-related (b) Equity Investments in Associates and Joint Ventures: 12.31.17 01.01.17 Prisma Medios de Pago S.A. — 245,250 Ondara S.A. — (102 ) Total — 245,148 (c) Property, Plant and Equipment: (d) Intangible Assets: (e) Financial instruments at fair value through profit or loss: The adjustment disclosed is the result of measuring at fair value through profit or loss the securities classified in that business model. The Group has classified the following financial assets into this category: Holdings in government and private securities, in instruments issued by the Argentine Central Bank, in debt securities and certain investments in debt securities issued by financial trusts. (f) Derivative Financial Instruments: (g) Other Financial Assets: 12.31.17 01.01.17 Premiums for Financial Guarantee Contracts 241,350 248,044 CyS Deconsolidation (13,005 ) — Consolidation of Financial Trusts that Were Not Subject to Consolidation under the Prior Accounting Framework (169,207 ) (913,929 ) Total 59,138 (665,885 ) (h) Loans and Other Financing: (i) Other Debt Securities: The Financial Trust Galtrust I has measured its holding of government securities at fair value through OCI in accordance with IFRS, based on the business model assessments and the instrument’s cash flow characteristics (SPPI). (j) Investments in Equity Instruments: 12.31.17 01.01.17 Banco Galicia’s Holdings 81,109 73,888 Galicia Valores S.A.’s Holdings — 57,211 Total 81,109 131,099 (k) Financial Assets Pledged as Collateral: (l) Other Non-financial 12.31.17 01.01.17 Derecognition of Advances for Systems Purchased (659,590 ) (955,579 ) Miscellaneous Assets 278,561 382,079 Total (381,029 ) (573,500 ) (m) Non-current “Non-current (n) Provisions: (o) Other Financial Liabilities: (p) Loans from the Argentine Central Bank and Other Financial Institutions: (q) Deferred Income Tax Assets and Liabilities: By applying the prior accounting framework, Banco Galicia only recognized the current tax for the fiscal year. (r) Other Non-financial Quiero! (s) Liabilities Recognized by Insurance Companies: |
Financial Instruments
Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Financial Instruments | NOTE 4. FINANCIAL INSTRUMENTS Schedule P “Categories of Financial Assets and Liabilities” discloses the measurement categories to which the consolidated balance sheet items and the fair value hierarchies relate. As of the indicated dates, the Group maintains the following portfolios of financial instruments: Instruments Portfolio as of 12.31.2018 Fair Value through Profit or Loss Amortized Cost Fair Value through OCI Assets Argentine Central Bank’s Bills and Notes 70,097,764 — — Government Securities 4,699,806 — — Private Securities 1,137,593 — — Derivative Financial Instruments 1,785,640 — — Repo Transactions — 2,068,076 — Other Financial Assets 4,303,431 4,744,501 — Loans and Other Financing — 282,710,068 — Other Debt Securities — 5,312,035 9,112,099 Financial Assets Pledged as Collateral 3,459,712 7,357,780 — Equity Instruments 161,054 — — Liabilities Deposits — 360,097,275 — Liabilities at fair value through profit or loss 2,144,664 — — Derivative Financial Instruments 1,835,789 — — Repo Transactions — 1,948,559 — Other Financial Liabilities — 63,235,042 — Loans from the Argentine Central Bank and Other Financial Institutions — 19,446,028 — Debt Securities — 29,983,653 — Subordinated Debt Securities — 9,767,874 — Instruments Portfolio as of 12.31.2017 Fair Value through Profit or Loss Amortized Cost Fair Value through OCI Assets Argentine Central Bank’s Bills and Notes 26,367,677 — — Government Securities 13,923,160 — — Private Securities 2,456,960 — — Derivative Financial Instruments 775,674 — — Repo Transactions — 14,286,336 — Other Financial Assets 4,573,809 5,765,447 — Loans and Other Financing — 284,354,759 — Other Debt Securities — 4,040,087 142,450 Financial Assets Pledged as Collateral 2,249,914 7,096,874 — Equity Instruments 111,923 — — Liabilities Deposits — 296,367,356 — Derivative Financial Instruments 846,331 — — Repo Transactions — 1,670,059 — Other Financial Liabilities — 55,350,799 — Loans from the Argentine Central Bank and Other Financial Institutions — 11,618,302 — Debt Securities — 20,279,165 — Subordinated Debt Securities — 7,128,356 — Instruments Portfolio as of 01.01.17 Fair Value through Profit or Loss Amortized Cost Fair Value through OCI Assets Argentine Central Bank’s Bills and Notes 16,158,217 — — Government Securities 9,659,559 — — Private Securities 2,999,968 — — Derivative Financial Instruments 229,436 — — Other Financial Assets 4,616,737 2,102,844 — Loans and Other Financing — 245,703,421 — Other Debt Securities — 2,253,595 930,257 Financial Assets Pledged as Collateral 4,205,704 5,889,889 — Equity Instruments 187,135 — — Liabilities Deposits — 277,077,562 — Derivative Financial Instruments 290,384 — — Repo Transactions — 3,030,473 — Other Financial Liabilities — 57,094,776 — Loans from the Argentine Central Bank and Other Financial Institutions — 12,717,145 — Debt Securities — 21,848,460 — Subordinated Debt Securities — 7,490,444 — |
Fair Values
Fair Values | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Fair Values | NOTE 5. FAIR VALUES The Group classifies the fair values of financial instruments in three levels, according to the reliability of the inputs used to determine them. Fair Value Level 1: The fair value of financial instruments traded in active markets (such as, publicly-traded derivatives, debt securities or available for sale) is based on the quoted prices of markets (unadjusted) as of the date of the reporting period. If the quote price is available and there is an active market for the instrument, it will be included in Level 1. Otherwise, it will be included in Level 2. Fair Value Level 2: The fair value of financial instruments that are not traded in active markets, for example, over-the-counter Fair Value Level 3: If one or more significant inputs are not based on observable market data, the instrument is included in Level 3. This is the case of unlisted equity instruments. That is to say, when observable market prices are no longer available, the instrument will be transferred into Level 3. Only when an instrument has an observable listed price in the market, it will return to Level 1 and will keep that Level while it continues to be quoted. This is known as transfer among levels. Valuation Techniques Valuation techniques to determine fair values include: • Market or quoted prices for similar instruments. • Determining the estimated present value of instruments. The valuation technique to determine the fair value Level 2 is based on inputs other than the quoted price included in Level 1 that are readily observable for the asset or liability (i.e., prices). For those instruments for which there is no secondary market and, if positions should be disposed of, the Group should sell to the Argentine Central Bank at the originally agreed-upon rate, as established by the Regulator, the price has been determinated based on such rate accrual. The valuation technique to determine the fair value of Level 3 financial instruments is based on a method that compares the existing spread between the curve of sovereign bonds and the average yield of primary offerings, for different segments, according to the different risk ratings. If there are no representative primary offerings during the month, the following alternatives will be used: (i) Secondary market prices of securities under the same conditions, which have been quoted in the month of evaluation; (ii) prior-month bidding and/or secondary market prices, and will be taken depending on how representative they are; (iii) prior month spread applied to the sovereign curve; (iv) a specific margin is applied, determined based on comparable instruments historical return. As stated above, the rates and spreads to be used to discount future cash flows and originate the price of the instrument are determined. All the changes to valuation methods are previously discussed and approved by the Group’s key personnel. The Group’s financial instruments measured at fair value at fiscal year-end Instruments Portfolio as of 12.31.18 Fair Value Level Fair Value Level Fair Value Level Assets Argentine Central Bank’s Bills and Notes — 70,097,764 — Government Securities 2,952,344 1,278,048 469,414 Private Securities 308,755 36,270 792,568 Derivative Financial Instruments — 1,785,640 — Other Financial Assets 4,264,431 39,000 — Other Debt Securities (*) 9,112,099 — — Financial Assets Pledged as Collateral 3,184,346 275,366 — Equity Instruments 26,795 — 134,259 Liabilities Liabilities at fair value through profit or loss 1,366,785 777,879 — Derivative Financial Instruments — 1,835,789 — Total 18,481,985 70,898,420 1,396,241 (*) It relates to Secured Bonds issued by Argentina measured at fair value with changes in OCI. Instruments Portfolio as of 12.31.17 Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Assets Argentine Central Bank’s Bills and Notes 26,367,677 — — Government Securities 13,679,229 — 243,931 Private Securities 1,009,000 5,906 1,442,054 Derivative Financial Instruments — 775,674 — Other Financial Assets 4,516,227 57,582 — Other Debt Securities (*) 142,450 — — Financial Assets Pledged as Collateral 2,249,914 — — Equity Instruments 28,233 — 83,690 Liabilities Liabilities at fair value through profit or loss — — — Derivative Financial Instruments — 846,331 — Total 47,992,730 (7,169 ) 1,769,675 (*) It relates to Secured Bonds issued by Argentina measured at fair value with changes in OCI. Instruments Portfolio as of 01.01.17 Fair Value Level Fair Value Level Fair Value Level Assets Argentine Central Bank’s Bills and Notes 16,158,217 — — Government Securities 7,110,319 1,972,400 576,840 Private Securities 778,214 10,541 2,211,213 Derivative Financial Instruments — 229,436 — Other Debt Securities (*) 930,257 — — Other Financial Assets 4,544,877 71,860 — Financial Assets Pledged as Collateral 4,205,704 — — Equity Instruments 93,727 — 93,408 Liabilities Liabilities at fair value through profit or loss — — — Derivative Financial Instruments — 290,384 — Total 33,821,315 1,993,853 2,881,461 (*) It relates to Secured Bonds issued by Argentina measured at fair value with changes in OCI. Changes in instruments included in fair value Level 3 are as follows: Level 3 12.31.17 Transfers (*) Purchases Sales Income (Loss) Inflation Effect 12.31.18 Government Securities 243,931 1,255,553 10,382,946 (11,115,519 ) 149,564 (447,061 ) 469,414 Private Securities 1,442,054 389,298 6,352,483 (7,084,950 ) 372,340 (678,657 ) 792,568 Equity Instruments 83,690 — — — 86,938 (36,369 ) 134,259 Total 1,769,675 1,644,851 16,735,429 (18,200,469 ) 608,842 (1,162,087 ) 1,396,241 (*) They include the movements of levels of financial instruments classified as fair value Level 3, as described above. Level 3 01.01.17. Transfers (*) Purchases Sales Income (Loss) Inflation Effect 12.31.17 Government Securities 576,840 (234,067 ) 450,486 (504,713 ) 46,969 (91,584 ) 243,931 Private Securities 2,211,213 (434,784 ) 2,626,022 (2,789,653 ) 233,810 (404,554 ) 1,442,054 Equity Instruments 93,408 — — — 9,776 (19,494 ) 83,690 Total 2,881,461 (668,851 ) 3,076,508 (3,294,366 ) 290,555 (515,632 ) 1,769,675 (*) They include the movements of levels of financial instruments classified as fair value Level 3, as described above. The Group’s policy is to recognize transfers among fair value levels only as of year-end year-end The Group included below the fair value of the instruments not carried at fair value as of the year-end. Assets/(Liabilities) Accounts Carrying Amount Fair Value Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Assets Cash and Due from Banks 143,309,428 143,309,428 143,309,428 — — Loans and Other Financing 282,710,068 289,581,428 — — 289,581,428 Other Financial Assets 9,047,932 9,047,932 9,047,932 — — Other Debt Securities 14,424,134 14,631,751 763,126 — 13,868,625 Repo Transactions 2,068,076 2,068,076 2,068,076 — — Financial Assets Pledged as Collateral 10,817,492 10,817,492 10,817,492 — — Liabilities Deposits 360,097,275 359,875,025 — — 359,875,025 Loans from the Argentine Central Bank and Other Financial Institutions 19,446,028 17,689,372 — — 17,689,372 Debt Securities 29,983,653 29,269,086 29,269,086 — — Subordinated Debt Securities 9,767,874 8,513,061 — — 8,513,061 Repo Transactions 1,948,559 1,944,965 — — 1,944,965 Other Financial Liabilities 63,235,042 63,235,113 — — 63,235,113 |
Cash and Cash Equivalents
Cash and Cash Equivalents | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Cash and Cash Equivalents | NOTE 6. CASH AND CASH EQUIVALENTS Cash equivalents are held to meet short-term payment commitments, rather than for investment or similar purposes. In order for a financial asset to be classified as cash equivalents, it should be readily convertible into a certain amount of cash and its risk of changes in value should be immaterial. Accordingly, an investment with original maturity of three months or less is classified as cash equivalent. Equity interests are excluded from cash equivalents. Cash and cash equivalents break down as follows: 12.31.18 12.31.17 01.01.17 Cash and Due from Banks 143,309,428 87,044,881 121,183,979 Argentine Central Bank’s Bills and Notes Maturing within up to 90 Days 70,117,158 24,981,766 12,720,258 Receivables from Reverse Repo Transactions 2,057,558 14,254,469 — Local Interbank Loans 938,000 1,380,486 1,588,832 Overnight Placements in Banks Abroad 5,300,681 426,682 2,266,254 Mutual Funds 3,859,629 3,578,916 4,040,608 Time Deposits 285,999 291,016 7,084 Government Securities — — 1,830,938 Total Cash and Cash Equivalents 225,868,453 131,958,216 143,637,953 The analysis of risk of “Cash and Cash Equivalents” is disclosed in Note 46. Related-party information is disclosed in Note 52. |
Fair Value Debt Securities at F
Fair Value Debt Securities at Fair Value through Profit or Loss | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Fair Value Debt Securities at Fair Value through Profit or Loss | NOTE 7. FAIR VALUE DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS The Group’s fair value debt securities through Profit or Loss are detailed in Schedule A. The credit quality of debt securities is disclosed in Note 46. |
Derivative Financial Instrument
Derivative Financial Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Derivative Financial Instruments | NOTE 8. DERIVATIVE FINANCIAL INSTRUMENTS FORWARD PURCHASE-SALE OF FOREIGN CURRENCY WITHOUT DELIVERY OF THE UNDERLYING ASSET Mercado Abierto Electrónico (MAE) and Rosario Futures Exchange (ROFEX) have trading environments for the closing, recording and settlement of financial forward transactions carried out among its agents, being Banco Galicia one of them. The general settlement mode for these transactions is without delivery of the traded underlying asset. Settlement is carried out on a daily basis, in Pesos, for the difference, if any, between the closing price of the underlying asset and the closing price or value of the underlying asset corresponding to the previous day, the difference in price being charged to income. The transactions are recorded in Off-Balance INTEREST RATE SWAPS These transactions are conducted within the environment created by the MAE, and the settlement thereof is carried out on a daily or monthly basis, in Pesos, for the difference between the cash flows calculated using a variable rate (Badlar for private banks for time deposits of 30 to 35 days) and the cash flows calculated using a fixed rate, or vice versa, on the notional value agreed, the difference in price being charged to income. CROSS CURRENCY SWAPS These swap transactions in pesos and US Dollars relate to an exchange of a periodic flow of principal and interest. They are settled for the difference and it is a bilateral transaction with a counterparty abroad. Both the interest rate swap and cross currency swaps are recorded in “Off-Balance WRITTEN AND PURCHASED CALL OPTIONS ON DOLLAR GOLD FUTURES WITHOUT DELIVERY OF THE UNDERLYING ASSET These transactions have been conducted with the purpose of hedging the variable yield of the deposits received by Banco Galicia and set forth by the Argentine Central Bank. The contract date, the term to exercise the option and the underlying asset are the same as those for the related deposit. Notional amounts have been computed so that the offset value of derivative financial instruments is similar to the variable yield of the investment. Changes in the value of the underlying asset at the time of the arrangement and at fiscal year-end, WRITTEN AND PURCHASED DOLLAR FUTURES WITHOUT DELIVERY OF THE UNDERLYING ASSET These transactions have been traded on ROFEX. Derivatives are accrued for at fair value. Premiums received are part of the fair value calculation. The amounts of transactions conducted as of the indicated dates are as follows: Underlying Asset Type of Settlement 12.31.18 (*) 12.31.17 (*) 01.01.17 (*) Forward Purchase Sale of Foreign Currency Purchases Foreign currency Daily difference 38,861,567 30,145,543 27,648,329 Sales Foreign currency Daily difference 32,277,374 28,042,761 — Purchases by Customers Foreign currency Daily difference 3,673,954 583,221 396,281 Sales by Customers Foreign currency Daily difference 10,156,620 5,472,881 2,202,703 Interest Rate Swaps Swaps Others Other 460,242 1,476 138,192 Cross Currency Swaps Others Other 1,561 — — Repo Transactions Forward Purchases Government Securities With delivery of the underlying asset 1,965,824 1,672,194 3,032,245 Forward Sales Government Securities With delivery of the underlying asset 2,061,516 15,678,531 — Call Options Bought and Written on Futures Call Options Written on Dollar Dollar — — 18,794 Call Options Purchase on Gold Gold — — 275,484 Call Options Written on Gold Gold — — 303,032 (*) Notional values. See Schedule O for further details. |
Repo Transactions
Repo Transactions | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Repo Transactions | NOTE 9. REPO TRANSACTIONS As of the indicated dates, the Group maintains the following repo transactions: 12.31.18 12.31.17 01.01.17 Receivables from Reverse Repo Transactions of Government Securities 2,057,558 14,254,469 — Accrued Interest Payable on Reverse Repo Transactions 10,518 31,867 — Total Reverse Repo Transactions 2,068,076 14,286,336 — 12.31.18 12.31.17 01.01.17 Payables for Repo Transactions of Government Securities 1,943,805 1,666,386 3,026,218 Accrued Interest Payable on Repo Transactions 4,754 3,673 4,255 Total Repo Transactions 1,948,559 1,670,059 3,030,473 The Group carries out repo transactions in which it sales a security with the related forward purchase thereof, thus substantially retaining all the risks and rewards associated with the instruments and recognizing them in “Financial Assets Pledged as Collateral” at year-end, 12.31.18 12.31.17 01.01.17 Reverse Repo Transactions recorded as Off-Balance 2,061,516 15,678,531 — Repo Transactions recorded in Financial Assets Pledged as Collateral 1,965,824 1,672,194 3,032,245 The residual values of assets transferred under repo transactions are disclosed in Note 8 and Schedule O. |
Other Financial Assets
Other Financial Assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Financial Assets | NOTE 10. OTHER FINANCIAL ASSETS As of the indicated dates, the balances of “Other Financial Assets” relate to: 12.31.18 12.31.17 01.01.17 Debtors from Spot Sales of Foreign Currency Pending Settlement 1,947,184 3,550,645 5,918 Debtors from Spot Sales of Government Securities Pending Settlement 1,607,601 1,355,413 1,312,067 Sundry Debtors 810,757 441,191 447,246 Mutual Funds 4,264,431 4,516,228 4,544,877 Others 417,959 475,779 409,473 Total 9,047,932 10,339,256 6,719,581 Related-party information is disclosed in Note 52. |
Net Loans and Other Financing
Net Loans and Other Financing | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Net Loans and Other Financing | NOTE 11. NET LOANS AND OTHER FINANCING “Net Loans and Other Financing” break down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Non-financial Public Sector 11,777 8,532 26,457 Argentine Central Bank 533 3,604 5,318 Financial Institutions 7,942,382 6,938,664 5,106,758 Loans 7,942,382 6,938,664 5,106,758 Non-financial 290,412,186 286,639,194 249,251,684 Loans 283,543,722 280,870,810 244,082,260 Overdrafts 14,430,578 16,680,960 18,501,897 Promissory Notes 36,020,263 52,455,181 46,613,651 Mortgage Loans 11,793,007 8,435,337 4,013,513 Collateralized Loans 997,958 1,591,432 1,249,027 Personal Loans 29,144,931 34,632,328 24,365,344 Credit Card Loans 113,395,362 125,176,057 129,153,045 Other Loans 74,793,302 44,962,639 23,313,178 Accrued Interest, Adjustments and Quotation Differences Receivable 5,388,298 335,344 (703,302 ) Documented Interest (2,419,977 ) (3,398,468 ) (2,424,093 ) Financial Leases 2,198,047 2,475,878 1,731,448 Other Financing 4,670,417 3,292,506 3,437,976 Less: Allowances (15,656,810 ) (9,235,235 ) (8,686,796 ) Total 282,710,068 284,354,759 245,703,421 Classification of “Loans and Other Financing” by status and collateral in Schedule B. The concentration of “Net Loans and Other Financing” is detailed in Schedule C. The breakdown by term of “Net Loans and Other Financing” is detailed in Schedule D. The analysis of risk of “Loans and Other Financing” is disclosed in Note 46. Related-party information is disclosed in Note 52. |
Other Debt Securities
Other Debt Securities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Debt Securities | NOTE 12. OTHER DEBT SECURITIES The Group’s “Other Debt Securities” are detailed in Schedule A. Changes in the “Allowances for Loan Losses” related to “Other Debt Securities” are detailed in Note 46. |
Financial Assets Pledged as Col
Financial Assets Pledged as Collateral | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Financial Assets Pledged as Collateral | NOTE 13. FINANCIAL ASSETS PLEDGED AS COLLATERAL “Financial Assets Pledged as Collateral” valued according to their underlying asset for the fiscal years under analysis break down as follows: 12.31.18 12.31.17 01.01.17 Deposits as Collateral 3,663,499 2,344,791 2,778,032 Special Escrow Accounts at the Argentine Central Bank 5,188,169 5,329,804 4,285,315 Forward Purchases of Monetary Regulation Instruments 53,736 1,660,746 3,032,246 Others 1,912,088 11,447 — Total 10,817,492 9,346,788 10,095,593 Restricted assets are detailed in Note 54.2. |
Current Income Tax Assets
Current Income Tax Assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Current Income Tax Assets | NOTE 14. CURRENT INCOME TAX ASSETS As of the indicated dates, the balances of “Current Income Tax Assets” relate to: 12.31.18 12.31.17 01.01.17 Tax Credits 94,918 134,740 216,396 Minimum Presumed Income Tax – Tax Credit Loss carryfoward — 142 27,086 Less: Allowance for Impairment of Minimum Presumed Income Tax – Tax Credit — (142 ) (8,551 ) Total 94,918 134,740 234,931 Tax loss carryfoward expiration dates of Minimum Presumed Income Tax are as follows: Tax Loss Carryfoward as of Date of Generation 12.31.18 12.31.17 01.01.17 Expiration Date 2006 — — 273 2016 2007 — 77 588 2017 2008 — 12 669 2018 2009 — 10 1,074 2019 2010 — 13 3,002 2020 2011 — 6 2,686 2021 2012 — 6 3,158 2022 2013 — 4 3,466 2023 2014 — 4 4,249 2024 2015 — 3 6,718 2025 2016 — 4 1,203 2026 2017 — 3 — 2027 2018 — — — 2028 Total — 142 27,086 |
Investments In Equity Instrumen
Investments In Equity Instruments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Investments In Equity Instruments | NOTE 15. INVESTMENTS IN EQUITY INSTRUMENTS The Group’s “Investments in Equity Instruments” are detailed in Schedule A. |
Equity Investments in Subsidiar
Equity Investments in Subsidiaries, Associates and Joint Ventures | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Equity Investments in Subsidiaries, Associates and Joint Ventures | NOTE 16. EQUITY INVESTMENTS IN SUBSIDIARIES, ASSOCIATES AND JOINT VENTURES 16.1. Equity Investments in Subsidiaries The basic information regarding Grupo Financiero Galicia’s consolidated subsidiaries is detailed as follows: Direct and Indirect Shareholding Equity Investment % Company 12.31.18 12.31.17 12.31.18 12.31.17 Banco de Galicia y Buenos Aires S.A.U. 668,549,353 795,973,974 100 100 Cobranzas Regionales S.A. 8,300 7,700 83 77 Galicia Administradora de Fondos S.A. 20,000 20,000 100 100 Galicia Broker Asesores de Seguros S.A. 71,310 71,310 99.99 99.99 Galicia Retiro Compañía de Seguros S.A. 7,727,271 7,727,271 99.99 99.99 Galicia Seguros S.A. 1,830,883 1,830,883 99.99 99.99 Galicia Valores S.A. 1,000,000 1,000,000 100 100 Galicia Warrants S.A. 1,000,000 1,000,000 100 100 Financial Trust Galtrust I — — — 100 Financial Trust Saturno Créditos — — 100 100 Net Investment S.A. (in Liquidation) (*) — 12,000 — 100 Ondara S.A. 13,636,990 12,709,967 83.85 78.15 Sudamericana Holding S.A. 185,653 185,653 100 100 Tarjeta Naranja S.A. 2,344 2,174 83 77 Tarjetas Regionales S.A. 894,552,668 829,886,212 83 77 (*) The final distribution was paid out on January 9, 2018. The following are the balances of subsidiaries, according to IFRS as of the indicated dates: 12.31.18 Company Assets Liabilities Shareholders’ Equity Net Income (*) Banco de Galicia y Buenos Aires S.A.U. 517,877,929 468,725,396 49,152,533 (1,789,529 ) Cobranzas Regionales S.A. 110,115 67,750 42,365 6,887 Galicia Administradora de Fondos S.A. 674,108 229,514 444,594 385,151 Galicia Broker Asesores de Seguros S.A. (**) 26,475 13,382 13,093 25,056 Galicia Retiro Compañía de Seguros S.A. (**) 249,069 186,776 62,293 24,293 Galicia Seguros S.A. (**) 2,703,486 1,654,652 1,048,834 544,122 Galicia Valores S.A. 258,936 39,877 219,059 66,678 Galicia Warrants S.A. 442,502 226,880 215,622 114 Financial Trust Saturno Créditos 17,055 1,184 15,871 (2,586 ) Ondara S.A. 22,511 22 22,489 1,636 Sudamericana Holding S.A. (**) 3,307,403 1,955,028 1,352,375 249,358 Tarjeta Naranja S.A. 51,194,581 41,875,082 9,319,499 2,068,688 Tarjetas Regionales S.A. 52,713,479 42,579,675 10,133,804 (2,139,323 ) (*) Income attributable to the shareholder’s of the parent. Not including “Other Comprehensive Income”. (**) Net income for the twelve-month period ended December 31, 2018. 12.31.17 Company Assets Liabilities Shareholders’ Equity Net Income (*) Banco de Galicia y Buenos Aires S.A.U. 480,374,665 416,511,409 63,863,256 5,664,659 Cobranzas Regionales S.A. 85,518 33,136 52,382 7,657 Galicia Administradora de Fondos S.A. 1,087,676 408,209 679,467 648,361 Galicia Broker Asesores de Seguros S.A. (**) 47,408 29,699 17,709 19,852 Galicia Retiro Compañía de Seguros S.A. (**) 285,152 224,780 60,372 6,384 Galicia Seguros S.A. (**) 2,907,428 1,739,299 1,168,129 599,791 Galicia Valores S.A. 259,016 34,034 224,982 73,052 Galicia Warrants S.A. 3,624,332 2,020,122 1,604,210 385,104 Financial Trust Galtrust I 208,171 503 207,668 97,817 Financial Trust Saturno Créditos 34,508 2,086 32,422 3,944 Net Investment S.A. (in Liquidation) (***) 419 — 419 (55 ) Ondara S.A. 37,738 6,951 30,787 8,693 Sudamericana Holding S.A. (**) 432,842 217,333 215,509 7,886 Tarjeta Naranja S.A. 53,189,426 41,598,049 11,591,377 3,643,368 Tarjetas Regionales S.A. 54,653,428 42,229,161 12,424,267 4,017,095 (*) Income attributable to the shareholder’s of the parent. Not including “Other Comprehensive Income”. (**) Net income for the twelve-month period ended December 31, 2017. (***) The final distribution was paid out on January 9, 2018. The Bank’s General Ordinary and Extraordinary Shareholders’ Meeting held on April 24, 2018 approved the amendment to Article 1 of the Bylaws, changing the corporate name of Banco de Galicia y Buenos Aires S.A. for Banco de Galicia y Buenos Aires S.A.U. The Argentine Central Bank, through Resolution No. 200 issued by its Board of Directors on July 5, 2018, did not object to such change. On October 2, 2018, the Corporation Control Authority registered the change under Number 18709 of Book 91 of Stock Companies. The General Ordinary Shareholders’ Meeting of Net Investment S.A. held on May 16, 2017 resolved to unanimously approve the early dissolution and subsequent liquidation of the company, under the provisions set out in Section 94, subsection 1, of General Corporations Law, i.e., by the shareholders’ decision. The financial statements as of December 31, 2017 are the latest financial statements available before Net Investment S.A.’s final liquidation. 16.2. Investments in Associates and Joint Ventures “Investments in Associates and Joint Ventures” break down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Prisma Medios de Pago S.A. (*) — — 259,687 Nova Re Compañía Argentina de Reaseguros S.A. (**) — — 27,115 Others 56 83 1,107 Allowances (56 ) (83 ) (1,107 ) Total — — 286,802 (*) As of December 31, 2017, it was classified to “Non-current (**) Equity investment sold in September 2017. |
Leases
Leases | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Leases | NOTE 17. LEASES 17.1. Financial Leases The “Property, Plant and Equipment” account includes the following amounts in which the Group is lessee under the terms of financial lease contracts. Real Estate Furniture and Fixtures Machines and Equipment Vehicles Total Cost — — 14,660 — 14,660 Accumulated Depreciation — — (14,660 ) — (14,660 ) Balance as of 12.31.18 — — — — — Real Estate Furniture and Fixtures Machines and Equipment Vehicles Total Cost — — 14,660 440 15,100 Accumulated Depreciation — — (14,660 ) (198 ) (14,858 ) Balance as of 12.31.17 — — — 242 242 Real Estate Furniture and Fixtures Machines and Equipment Vehicles Total Cost — — 14,660 1,576 16,236 Accumulated Depreciation — — (14,660 ) (811 ) (15,471 ) Balance as of 01.01.17 — — — 765 765 17.2. Operating Leases The Group records contractual obligations derived from the lease of certain properties used as part of the distribution network. The term of these contracts ranges from one to five years and most of them are renewable upon their expiration at market values. The estimated future lease payments in connection with these properties are as follows: 12.31.18 12.31.17 01.01.17 Less than One Year 906,405 788,950 672,834 Over One Year and up to Five Years 5,284,731 2,185,391 1,917,092 Over Five Years 6,191,137 1,079,291 430,597 Total 12,382,273 4,053,632 3,020,523 |
Property, Plant and Equipment
Property, Plant and Equipment | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Property, Plant and Equipment | NOTE 18. PROPERTY, PLANT AND EQUIPMENT Changes in “Property, Plant and Equipment” are detailed in Schedule F. The carrying amounts of “Property, Plant and Equipment” do not exceed their recoverable values. |
Intangible Assets
Intangible Assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Intangible Assets | NOTE 19. INTANGIBLE ASSETS Changes in “Intangible Assets” are detailed in Schedule G. The carrying amounts of “Intangible Assets” do not exceed their recoverable values. |
Deferred Income Tax Assets_Liab
Deferred Income Tax Assets/Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Deferred Income Tax Assets/Liabilities | NOTE 20. DEFERRED INCOME TAX ASSETS/LIABILITIES Changes in “Deferred Income Tax Assets and Liabilities” during the fiscal years ended December 31, 2018 and December 31, 2017 are as follows: Deferred Tax Assets Item 12.31.17 Charge to Income Allowance for Impairment Others 12.31.18 Valuation of Securities 4,901 (3,325 ) — — 1,576 Other Financial Assets — 1,901 — (2,179 ) (278 ) Loans and Other Financing 927,737 595,664 — — 1,523,401 Property, Plant and Equipment (223,241 ) (455,616 ) — (21 ) (678,878 ) Intangible Assets — — — — — Tax Loss Carry-forwards — 7,612 (3,764 ) — 3,848 Other Non-financial 40,131 (6,137 ) — — 33,994 Non-current — (3,980 ) 1,876 2,104 — Allowance for Impairment 4,609 20,401 — — 25,010 Other Financial Liabilities 912 (16,843 ) — — (15,931 ) Provisions 17,201 92,545 — (55,234 ) 54,512 Other Non-financial 4,146 12,974 — 558 17,678 Quotation Difference 5,548 1,236 — — 6,784 Others (19,374 ) 22,895 — (2,262 ) 1,259 Totals 762,570 269,327 (1,888 ) (57,034 ) 972,975 Deferred Tax Liabilities Item 12.31.17 Charge to Income Allowance for Impairment Others 12.31.18 Valuation of Securities 16,718 (143,241 ) — — (126,523 ) Other Financial Assets (37,930 ) (13,364 ) — 2,179 (49,115 ) Loans and Other Financing 321,679 1,049,720 — — 1,371,399 Property, Plant and Equipment (2,784,001 ) (481,544 ) — 21 (3,265,524 ) Intangible Assets 258,221 (433,524 ) — — (175,303 ) Tax Loss Carry-forwards — — — — — Other Non-financial (154,315 ) (223,424 ) — — (377,739 ) Non-current (380,838 ) 383,774 — (2,104 ) 832 Allowance for Impairment — — — — — Subordinated Debt Securities (20,331 ) 2,734 — — (17,597 ) Provisions 200,091 131,926 — 55,234 387,251 Other Non-financial 494,380 (89,776 ) — (558 ) 404,046 Others (2,214 ) (55,421 ) — 2,262 (55,373 ) Totals (2,088,540 ) 127,860 — 57,034 (1,903,646 ) Deferred Tax Assets Item 01.01.17 Charge to Income Allowance for Impairment Others 12.31.17 Valuation of Securities 3,814 1,087 — — 4,901 Other Financial Assets (58 ) 58 — — — Loans and Other Financing 1,190,776 (263,039 ) — — 927,737 Property, Plant and Equipment (230,188 ) 83 — 6,864 (223,241 ) Intangible Assets (92 ) 92 — — — Tax Loss Carry-forwards 1,725 (1,725 ) — — — Other Non-financial 3,995 36,136 — — 40,131 Non-current — — — — — Allowance for Impairment 3,292 1,301 16 — 4,609 Other Financial Liabilities — 912 — — 912 Provisions 80,260 (9,796 ) — (53,263 ) 17,201 Other Non-financial 3,504 642 — — 4,146 Quotation Difference 16,022 (10,474 ) — — 5,548 Others (37,790 ) 18,416 — — (19,374 ) Totals 1,035,260 (226,307 ) 16 (46,399 ) 762,570 Deferred Tax Liabilities Item 01.01.17 Charge to Income Allowance for Impairment Others 12.31.17 Valuation of Securities (38,276 ) 54,994 — — 16,718 Other Financial Assets (30,062 ) (7,503 ) — (365 ) (37,930 ) Loans and Other Financing 387,020 (65,341 ) — — 321,679 Property, Plant and Equipment (3,415,959 ) 632,760 — (802 ) (2,784,001 ) Intangible Assets 570,959 (312,738 ) — — 258,221 Tax Loss Carry-forwards 272,828 (265,421 ) (7,716 ) 309 — Other Non-financial 5,018 (159,333 ) — — (154,315 ) Non-current — (378,067 ) (2,771 ) — (380,838 ) Allowance for Impairment (276,698 ) 54,977 221,721 — — Subordinated Debt Securities (3,173 ) (17,158 ) — — (20,331 ) Provisions 632,800 (484,267 ) — 51,558 200,091 Other Non-financial 50,291 445,557 — (1,468 ) 494,380 Others 1,655 (2,248 ) — (1,621 ) (2,214 ) Totals (1,843,597 ) (503,788 ) 211,234 47,611 (2,088,540 ) In addition, the expiration dates of tax loss carry-forwards are as follows: Year of Generation Amount Year Due Deferred Tax Assets 2018 25,373 2023 7,612 The Group has determined an allowance for impairment as of December 31, 2018 amounting to $3,764, as it is not probable that future taxable amounts will be available to utilize those temporary differences and losses as of the date of these financial statements. |
Assets_Liabilities for Insuranc
Assets/Liabilities for Insurance Contracts | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Assets/Liabilities for Insurance Contracts | NOTE 21. ASSETS/LIABILITIES FOR INSURANCE CONTRACTS Assets related to insurance contracts as of the indicated dates are detailed as follows: Assets for Insurance Contracts 12.31.18 12.31.17 01.01.17 Premiums Receivable 964,214 1,006,658 962,651 Receivables from Reinsurers 5,361 5,128 6,143 Fees to collect 2,455 — 12,828 Others 10,472 9,917 7,101 Total 982,502 1,021,703 988,723 Liabilities related to insurance contracts as of the indicated dates are detailed as follows: Liabilities for Insurance Contracts 12.31.18 12.31.17 01.01.17 Debts with Insured 373,600 416,318 420,249 Debts with Reinsurers 9,702 25,904 (1,535 ) Debts with Co-insurers 2,639 3,608 4,741 Debts with Insurance Brokers 185,930 191,681 195,257 Statutory Reserves 571,225 589,255 561,227 Unpaid Losses to Be Borne by Reinsurers (Offset Account) (39,876 ) (31,119 ) (25,777 ) Total 1,103,220 1,195,647 1,154,162 Debts with Insured 12.31.18 12.31.17 01.01.17 Property Insurance 105,517 93,082 66,389 Administrative Direct Insurance 60,118 48,569 37,146 Direct Insurance in Litigation 9,966 9,060 4,710 Direct Insurance in Mediation 426 741 702 Settled Losses to be Paid 1,609 2,438 2,463 Unpaid Losses for Active Reinsurance and Retrocession 1,038 793 — Incurred But Not Reported Losses - IBNR 32,360 31,481 21,368 Life Insurance 268,074 322,997 353,615 Administrative Direct Insurance 243,850 294,959 308,463 Direct Insurance in Litigation 4,752 5,528 3,534 Direct Insurance in Mediation 668 1,389 1,094 Settled Losses to be Paid 1,424 3,673 4,907 Unpaid Losses for and Active Reinsurance and Retrocession 4,400 2,826 — Incurred But Not Reported Losses - IBNR 12,714 14,229 35,125 Surrenders Payable 265 391 488 Payables for Premiums to be Refunded 1 2 4 Retirement Insurance 9 239 245 Past Due Annuities Payable 9 239 245 Total 373,600 416,318 420,249 Debts with Reinsurers and Co-insurers Current Account Reinstatement Premiums Minimum Deposit Premium to Be Accrued Deposits Collateral Unpaid Losses to Be Borne by Reinsurers Total IBNR to Be Borne by Reinsurers 21,852 — (12,150 ) — (39,876 ) (30,174 ) Debts with Co-insurers 2,639 — — — — 2,639 Total as of 12.31.18 24,491 — (12,150 ) — (39,876 ) (27,535 ) Total as of 12.31.17 45,064 — (15,552 ) — (31,119 ) (1,607 ) Debts with Insurance Brokers 12.31.18 12.31.17 01.01.17 Current Account - Insurance Brokers 45,225 47,263 87,939 Commissions on Premiums Receivable 113,238 114,482 62,016 Underwriting Expenses Payable 27,467 29,936 45,302 Total 185,930 191,681 195,257 Statutory Reserves 12.31.18 12.31.17 01.01.17 Unearned Premiums and Similar 327,392 296,487 241,924 Premiums and Surcharges 316,672 301,076 293,729 Premiums on Passive Reinsurance (14,516 ) (35,710 ) (52,067 ) Active Reinsurance 25,236 30,948 — Insufficient Premiums — 173 262 Mathematical Reserves 243,833 292,768 319,303 Mathematical Reserves - Individual Life Insurance 80,545 88,543 91,918 Mathematical Reserves - Individual Retirement Insurance 67,088 47,960 54,051 Mathematical Reserves of Life Annuities 95,179 118,224 133,611 Provision for Restoring the Mathematical Reserve 7 12 6 Fluctuation Funds 1,014 38,029 39,717 Total 571,225 589,255 561,227 Insurance liabilities were recorded according to the liability adequacy test, using the current estimates of future cash flows derived from insurance contracts. The assumptions used are as follows: Mortality Table GAM 94 Investment (Discount) Rate 3.38% Benchmark Rate Projected benchmark rate based on a share of CER starting with 1.36% in the case of voluntary retirement and 1.63% in the case of life annuities. Administrative Expenses 682 in the case of voluntary retirement and 620 in the case of life annuities |
Other Non-financial Assets
Other Non-financial Assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Non-financial Assets | NOTE 22. OTHER NON-FINANCIAL “Other Non-financial 12.31.18 12.31.17 01.01.17 Shareholders — — 50,431 Payments in Advance of Directors’ and Syndics’ Fees 2,071 5,054 19,527 Payments in Advance to Personnel 50,385 18,382 18,416 Tax Credits 115,558 61,460 251,330 Payments in Advance 448,545 449,312 398,684 Advances for Purchase of Assets 1,141,114 2,180,993 1,103,230 Investment properties (*) 290,894 296,418 302,453 Other Miscellaneous Assets Measured at Cost 696,996 588,468 681,033 Assets Acquired through Foreclosures 32,852 54,787 31,041 Others 46,354 83,256 163,523 Total 2,824,769 3,738,130 3,019,668 (*) Changes in “Investment Properties” are detailed in Schedule F. Related-party information is disclosed in Note 52. |
Non-current Assets Held for Sal
Non-current Assets Held for Sale and Discontinued Operations | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Non-current Assets Held for Sale and Discontinued Operations | NOTE 23. NON-CURRENT The Group has classified the following assets as “Assets Held for Sale and Discontinued Operations”: 12.31.18 12.31.17 01.01.17 Equity Investments 414,778 10,855,802 10,914,825 Prisma Medios de Pago S.A. 414,778 374,937 — Compañía Financiera Argentina S.A. (*) — 10,425,762 10,859,722 Cobranzas y Servicios S.A. (*) — 55,103 55,103 Other Debt Securities 188,947 — — Financial Trust Crecere III, IV, V, VI, VII and VIII 188,947 — — Property, Plant and Equipment 4,290 4,289 4,291 Real Estate 4,290 4,289 4,291 Total 608,015 10,860,091 10,919,116 (*) The amount relates to the balance of assets held for sale were booked under “Non-current Non-financial Prisma Medios de Pago S.A.: one-year “Non-current The General Ordinary Shareholders’ Meeting held on May 8, 2018 approved the distribution of cash dividends. According to the Bank’s equity interest, it was entitled to dividends in the amount of $490,393, which were recorded in the income statement. On February 1, 2019, 51% of such company’s equity interest was transferred. (See Note 55). Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A.: The sale of the shares in both companies was consummated on February 2, 2018, with the new holders having been registered in each of these companies’ books. The sale price was subject to the buyers’ consent, who were entitled to raise objections for a term of up to 45 consecutive days to be counted as from January 29, 2018. On March 26, 2018, the sale of shares in Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. was completed, establishing a final price of $1,527,013 and $31,790, respectively. The Loss from the sale of Compañía Financiera Argentina S.A. amounted to $(278,645) and the sale of Cobranzas y Servicios S.A has thrown an income of $18,889. The income tax impact for discontinued operations is disclosed separately in the “Income Tax from Discontinued Activities” account, which amounts to $31,675 as of December 31, 2018. The information below is related to the Group’s discontinued operations (Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A.): Compañía Financiera Argentina S.A. 12.31.2017 Assets 10,425,762 Cash and Due from Banks 754,856 Securities 30,911 Loans 9,058,863 Miscellaneous Receivables 383,937 Equity Investments 7,927 Bank Property, Plant and Equipment 73,093 Miscellaneous Assets 3,709 Intangible Assets 112,466 Liabilities (*) 8,620,104 Deposits 2,603,478 Debt Securities 2,304,169 Other Liabilities Resulting from Financial Brokerage 3,039,665 Miscellaneous Liabilities 594,386 Provisions 78,406 (*) Recorded in “Other Non-financial Cobranzas y Servicios S.A. 12.31.2017 Assets 55,103 Cash and Due from Banks 545 Securities 23,707 Miscellaneous Receivables 30,851 Liabilities (*) 42,202 Miscellaneous Liabilities 42,202 (*) Recorded in “Other Non-financial Assets 12.31.17 01.01.17 Equity Investments in Subsidiaries Compañía Financiera Argentina S.A. 1,805,658 2,239,617 Cobranzas y Servicios S.A. 12,901 12,902 Total Assets 1,818,559 2,252,519 |
Deposits
Deposits | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Deposits | NOTE 24. DEPOSITS Deposits break down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 In Pesos 197,429,716 192,412,724 183,073,374 Checking Accounts 39,854,371 48,899,103 51,553,662 Savings Accounts 61,128,663 61,068,905 47,849,922 Time Deposits 89,204,808 78,139,750 79,111,568 Time Deposits – UVA 1,984,548 889,541 153,275 Others 1,273,540 1,307,966 2,780,765 Interest and Adjustments 3,983,786 2,107,459 1,624,182 In Foreign Currency 162,667,559 103,954,632 94,004,188 Savings Accounts 137,762,699 87,181,645 50,026,752 Time Deposits 24,064,063 16,162,106 12,356,404 Others 792,809 587,628 31,605,693 Interest and Adjustments 47,988 23,253 15,339 Total 360,097,275 296,367,356 277,077,562 The concentration of deposits is detailed in Schedule H. The breakdown of deposits by remaining term is detailed in Schedule I. The breakdown of deposits by sector is detailed in Schedule P. Related-party information is disclosed in Note 52. |
Liablilities Measured at Fair V
Liablilities Measured at Fair Value Through Profit or Loss | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Liablilities Measured at Fair Value Through Profit or Loss | NOTE 25. LIABILITIES MEASURED AT FAIR VALUE THROUGH PROFIT OR LOSS “Liabilities measured at fair value through profit or loss” are detailed in Schedules I and P. They include liabilities for transactions with third-party government securities. |
Other Financial Liabilities
Other Financial Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Financial Liabilities | NOTE 26. OTHER FINANCIAL LIABILITIES The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Payables for Purchases Pending Settlement 1,512,197 1,597,375 1,993,765 Collections and Other Transactions on Account of Third Parties 7,646,888 4,649,744 5,891,142 Liabilities due to Financing of Purchases 36,894,587 39,185,267 38,237,617 Payables for Foreign Currency Purchase Pending Settlement 14,409,983 7,455,274 9,124,786 Commissions Accrued Payable 344,570 295,660 205,413 Miscellaneous Subject to Minimum Cash Requirements 507,101 417,075 584,706 Miscellaneous not Subject to Minimum Cash Requirements 1,195,353 918,298 507,406 Other Financial Liabilities 724,363 832,106 549,941 Total 63,235,042 55,350,799 57,094,776 |
Loans from the Argentine Centra
Loans from the Argentine Central Bank and Other Financial Institutions | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Loans from the Argentine Central Bank and Other Financial Institutions | NOTE 27. LOANS FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONS The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Loans from the Argentine Central Bank 28,675 22,623 23,450 Correspondents 1,583,638 614,362 2,104,863 Loans from Local Financial Institutions 5,719,582 3,552,963 6,511,273 Loans from Foreign Financial Institutions 7,474,069 6,056,735 3,840,658 Loans from International Entities 4,640,064 1,371,619 236,901 Total 19,446,028 11,618,302 12,717,145 The following table details the credit lines with local and international financial institutions and entities as of the indicated dates: Financial Institutions and/or Entities Date of Placement Currency Term (*) Rate (*) Maturity Date Amount as 12.31.18 (**) Local 5,748,257 BICE Miscellaneous $ 1,838 days 50.88 Miscellaneous 2,844,547 BICE Miscellaneous US$ 1,792 days 4.36 Miscellaneous 115,799 Call Taken 12.28.18 $ 5 days 55.94 01.02.19 804,056 Argentine Central Bank 12.28.18 $ 5 days — 01.02.19 27,681 Argentine Central Bank 12.18.18 US$ 5 days — 01.02.19 994 Other Lines (1) Miscellaneous $ 364 days 45.89 Miscellaneous 1,955,180 International 13,697,771 Correspondents 12.31.18 US$ 2 days — 01.02.19 1,583,638 IFC Miscellaneous US$ 945 days 5.78 Miscellaneous 4,591,008 Prefinancing Miscellaneous US$ 235 days 3.96 Miscellaneous 5,643,958 IDB Miscellaneous US$ 351 days 4.44 Miscellaneous 1,879,167 Total 19,446,028 (*) Weighted average. (**) It includes principal and interest. (1) Relates to regional credit-card companies’ credit lines. Financial Institutions and/or Entities Date of Placement Currency Term (*) Rate (*) Maturity Date Amount as 12.31.17 (**) Local 3,575,586 BICE Miscellaneous $ 1,875 days 23.84 Miscellaneous 3,253,133 BICE Miscellaneous US$ 1,086 days 3.38 Miscellaneous 3,855 Call Taken 12.28.17 $ 5 days 24.5 01.02.18 93,699 Argentine Central Bank 12.28.17 $ 5 days — 01.02.18 21,565 Argentine Central Bank 12.28.17 US$ 5 days — 01.02.18 1,058 Other Lines (1) Miscellaneous $ 365 days 27.95 Miscellaneous 202,276 International 8,042,716 Correspondents 12.29.17 US$ 4 days — 01.02.18 614,362 IFC Miscellaneous US$ 1,085 days 5.59 Miscellaneous 1,247,368 Prefinancing Miscellaneous US$ 208 days 2.89 Miscellaneous 5,701,293 Proparco Miscellaneous US$ 351 days 4.96 Miscellaneous 28,751 IDB Miscellaneous US$ 240 days 3.21 Miscellaneous 450,942 Total 11,618,302 (*) Weighted average. (**) It includes principal and interest. (1) Relates to regional credit-card companies’ credit lines. Financial Institutions and/or Entities Date of Placement Currency Term (*) Rate (*) Maturity Date Amount as 01.01.17 (**) Local 6,578,602 BICE Miscellaneous $ 1,648 days 23.67 Miscellaneous 2,174,110 BICE Miscellaneous US$ 1,170 days 4.5 Miscellaneous 7,400 Call Taken 12.30.16 $ 3 days 25.38 01.02.17 304,021 Argentine Central Bank 12.30.16 $ 3 days — 01.02.17 21,180 Argentine Central Bank 12.30.16 US$ 3 days — 01.02.17 2,270 Other Lines (1) Miscellaneous $ 490 days 28.44 Miscellaneous 4,025,742 Correspondents 12.30.16 $ 3 days — 01.02.17 43,879 International 6,138,543 Correspondents 12.30.16 US$ 3 days — 01.02.17 2,060,984 IFC Miscellaneous US$ 1,209 days 5.8 Miscellaneous 146,024 Prefinancing Miscellaneous US$ 267 days 2.57 Miscellaneous 3,840,658 Proparco Miscellaneous US$ 210 days 4.96 Miscellaneous 90,877 Total 12,717,145 (*) Weighted average. (**) It includes principal and interest. (1) Primarily relates to regional credit-card companies’ credit lines. |
Debt Securities
Debt Securities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Debt Securities | NOTE 28. DEBT SECURITIES The following is a breakdown of the Global Programs for the Issuance of Debt securities outstanding: Company Authorized Amount (*) Type of Debt Securities Term of Program Date of Approval by Shareholders’ Meeting Approval by the C.N.V. Grupo Financiero Galicia S.A. US$ 100,000 Simple debt securities not convertible into shares 5 years 03.09.09 Resolution No. 16113 dated 04.29.09 and extended through Resolution No. 17343 dated 05.08.14 Authorization of the increase, Resolution No. 17064 dated 04.25.13 Banco de Galicia y Buenos Aires S.A.U. US$ 2,100,000 Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. 5 years 04.28.05, Resolution No. 15228 dated 11.04.05 and extended through Resolution No. 16454 dated 11.11.10 and Resolution No. 17883 dated 11.20.15. Increase of the amount approved by Resolutions Nos. 17883 dated 11.20.15, No. 18081 dated 06.10.16, No. 18480 dated 01.26.17 and No. 19520 dated 05.17.18 Tarjeta Naranja S.A. US$ 650,000 Simple debt securities, not convertible into shares 5 years 03.08.12 Resolution No. 16822 dated 05.23.12 and extended through Resolution No. 17676 dated 05.21.15. Tarjetas Cuyanas S.A. US$ 250,000 Simple debt securities, not convertible into shares 5 years 03.30.10 Resolution No. 16328 dated 05.18.10 Authorization of the increase, Resolution No. 17072 dated 05.02.13 (*) Or its equivalent in any other currency. The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2018, net of repurchases of Own Debt: Company Date of Placement Currency Class ON. Face Value Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 12.31.18 Banco de Galicia y Buenos Aires S.A.U. 02.17.17 $ Class III US$ 150,537 (1) Simple 36 Months — (1)(3) 02.06.17 2,471,648 Banco de Galicia y Buenos Aires S.A.U. 05.18.17 $ IV $ 2,000,000 Simple 36 Months — (2)(4) 05.08.17 2,126,523 Banco de Galicia y Buenos Aires S.A.U. 04.26.18 $ V Series I $ 4,209,250 Simple 24 Months — (5) 04.18.18 4,898,450 Banco de Galicia y Buenos Aires S.A.U. 04.26.18 $ V Series II $ 2,032,833 Simple 36 Months — (6) 04.18.18 2,174,984 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 366,908 Simple 1,095 04.13.19 Minimum 37% 03.28.16 412,803 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 475,397 Simple 1,461 06.29.20 Minimum 06.21.16 541,106 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 774,389 Simple 1,461 09.27.20 Minimum 09.15.16 728,000 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 636,409 Simple 1,095 12.07.19 Minimum 11.23.16 648,695 Tarjeta Naranja S.A. 04.11.17 $ XXXVII $ 3,845,700 Simple 1,826 04.11.22 Minimum 03.30.17 4,083,446 Tarjeta Naranja S.A. 11.13.17 $ XXXVIII $ 503,333 Simple 546 days 05.13.19 Minimum 11.07.17 538,056 Tarjeta Naranja S.A. 02.14.18 $ XXXIX $ 754,538 Simple 546 days 09.14.19 Minimum 02.02.18 803,823 Tarjeta Naranja S.A. 04.10.18 $ XL Series $ 597,500 Simple 548 days 10.10.19 25.98% 03.27.18 708,732 Tarjeta Naranja S.A. 04.10.18 $ XL Series $ 1,402,500 Simple 914 days 10.10.20 Minimum 03.27.18 1,547,760 Tarjeta Naranja S.A. 11.15.18 $ XLI $ 854,102 Simple 365 days 11.15.19 54% Fixed — 905,479 Tarjeta Naranja S.A. 11.15.18 $ XLI $ 343,555 Simple 547 days 05.15.20 Badlar + 10% — 346,775 Tarjeta Naranja S.A. 12.17.18 $ XLII $ 1,266,303 Simple 287 days 09.30.19 58% Fixed — 1,234,147 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 234,309 Simple 1,095 05.05.19 Minimum 04.22.16 172,255 Tarjeta Naranja S.A. (***) 07.26.16 $ XXV $ 400,000 Simple 1,461 07.26.20 Minimum 07.13.16 430,504 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 350,237 Simple 1,461 10.24.20 Minimum 10.14.16 358,563 Tarjeta Naranja S.A. (***) 02.10.17 $ XXVII $ 500,000 Simple 1,095 02.10.20 Minimum 02.02.17 500,457 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 128,175 Simple 730 days 06.09.19 Minimum 05.29.17 126,755 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 371,825 Simple 1,461 06.09.21 Minimum 05.29.17 374,000 Total 26,132,961 (*) It includes principal and interest. (**) Not convertible into shares. (***) Negotiable Obligations merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. (1) As specified in the terms and conditions of the issuance, they were converted to $2,360,360 Investor assumes the exchange rate risk since the service of interest and principal is calculated on the basis of the principal amount in Pesos converted into US Dollars on each payment date. (2) The net proceeds from this issuance of negotiable obligations was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Negotiable Obligations and the Argentine Central Bank regulations. (3) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.69%, which will be payable quarterly as from May 17, 2017. (4) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.98%, which will be payable quarterly as from August 18, 2017. (5) Annual nominal fixed 25.98% rate; principal and interest will be settled in full upon maturity. (6) Variable rate equal to the simple arithmetic average of private Badlar, plus 3.5%, which will be payable quarterly as from July 26, 2018. Principal in respect of this Series will be repaid upon maturity. On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the “Green Bond” which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year 36-month Under the Global Program for the Issuance of Debt Securities outstanding, after year-end, 7-months The Company has the following Unsubordinated Debt Securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2017, net of repurchases of Own Debt: Company Date of Placement Currency Class ON. Face Value Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 12.31.17 Banco de Galicia y Buenos Aires S.A.U. 02.17.17 $ III US$ 150,537 (1) Simple 36 — (1)(3) 02.06.17 3,589,743 Banco de Galicia y Buenos Aires S.A.U. 05.18.17 $ IV $ 2,000,000 Simple 36 — (2)(4) 05.08.17 3,037,480 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 366,908 Simple 1,095 04.13.19 Minimum 03.28.16 553,033 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 475,397 Simple 1,461 06.29.20 Minimum 06.21.16 697,050 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 225,611 Simple 546 03.27.18 Minimum 09.15.16 335,414 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 774,389 Simple 1,461 09.27.20 Minimum 09.15.16 1,117,422 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 210,571 Simple 547 06.07.18 Minimum 11.23.16 313,977 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 636,409 Simple 1,095 12.07.19 Minimum 11.23.16 922,082 Tarjeta Naranja S.A. 04.11.17 $ XXXVII $ 3,845,700 Simple 1,826 04.11.22 Minimum 03.30.17 5,940,224 Tarjeta Naranja S.A. 11.13.17 $ XXXVIII $ 503,333 Simple 546 05.13.19 Minimum 11.07.17 762,789 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 234,309 Simple 1,095 05.05.19 Minimum 04.22.16 305,617 Tarjeta Naranja S.A. (***) 07.26.16 $ XXV $ 400,000 Simple 1,461 07.26.20 Minimum 07.13.16 619,400 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 149,763 Simple 547 04.24.18 Minimum 10.14.16 231,713 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 350,237 Simple 1,461 10.24.20 Minimum 10.14.16 448,220 Tarjeta Naranja S.A. (***) 02.10.17 $ XXVII $ 500,000 Simple 1,095 02.10.20 Minimum 02.02.17 761,711 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 128,175 Simple 730 06.09.19 Minimum 05.29.17 192,243 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 371,825 Simple 1,461 06.09.21 Minimum 05.29.17 451,047 Total 20,279,165 (*) It includes principal and interest. (**) Not convertible into shares. (***) Negotiable Obligations merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. (1) As specified in the terms and conditions of the issuance, they were converted to $2,360,360. Investor assumes the exchange rate risk since the service of interest and principal is calculated on the basis of the principal amount in Pesos converted into US Dollars on each payment date. (2) The net proceeds from this issuance of negotiable obligations was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Negotiable Obligations and the Argentine Central Bank regulations. (3) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.69%, which will be payable quarterly as from May 17, 2017. (4) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.98%, which will be payable quarterly as from August 18, 2017. The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of January 1, 2017, net of repurchases of Own Debt securities: Company Date of Placement Currency Class ON. Face Value Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 01.01.17 Grupo Financiero Galicia S.A. 01.30.14 $ V Series $ 78,200 Simple 36 01.31.17 Variable 5.25% 04.25.13 150,085 Grupo Financiero Galicia S.A. 10.23.14 $ VI $ 109,845 Simple 36 10.23.17 Variable +4.25% 10.03.14 209,826 Grupo Financiero Galicia S.A. 07.27.15 $ VII $ 160,000 Simple 24 07.27.17 (1) 07.16.15 298,906 Banco de Galicia y Buenos Aires S.A.U. 05.04.11 US$ — US$ 300,000 Simple 84 — (2)(3) 04.14.11 8,666,274 Tarjeta Naranja S.A. 01.28.11 US$ XII US$ 200,000 Simple 2,192 01.28.17 Annual Fixed at 01.14.11 2,024,736 Tarjeta Naranja S.A. 02.26.14 $ XXIV $ 33,500 Simple 1,096 02.26.17 Variable 5% 02.14.14 63,583 Tarjeta Naranja S.A. 01.22.15 $ XXVIII $ 129,000 Simple 731 01.22.17 Variable 4.5% 01.09.15 48,759 Tarjeta Naranja S.A. 04.27.15 $ XXIX $ 334,030 Simple 731 04.27.17 27.75% Rate/ 04.16.15 320,917 Tarjeta Naranja S.A. 06.29.15 $ XXX $ 400,000 Simple 731 06.29.17 27.75% Rate/ 06.18.15 620,374 Tarjeta Naranja S.A. 10.19.15 $ XXXI $ 370,851 Simple 548 04.19.17 27% Rate/ 10.07.15 348,211 Tarjeta Naranja S.A. 01.20.16 $ XXXII $ 260,811 Simple 639 10.20.17 Variable +4.5% 12.15.15 293,380 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 133,092 Simple 548 10.13.17 Minimum Rate/ 03.28.16 231,198 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 366,908 Simple 1,095 04.13.19 Minimum Rate/ 03.28.16 704,916 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 124,603 Simple 548 12.29.17 Minimum Rate/ +3.38% 06.21.16 192,226 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 475,397 Simple 1,461 06.29.20 Minimum Rate/ +4.67% 06.21.16 859,445 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 225,611 Simple 546 03.27.18 Minimum Rate/ +2.99% 09.15.16 413,913 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 774,389 Simple 1,461 09.27.20 Minimum Rate/ +3.99% 09.15.16 1,385,944 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 210,571 Simple 547 06.07.18 Minimum Rate/ +3.25% 11.23.16 360,637 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 636,409 Simple 1,095 12.07.19 Minimum Rate/ +4% 11.23.16 1,023,720 Carry-foward 18,217,050 Company Date of Placement Currency Class ON. Face Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 01.01.2017 Carry-back 18,217,050 Tarjeta Naranja S.A.(***) 02.20.15 $ XIX $ 75,555 Simple 731 02.20.17 Variable 02.06.15 19,218 Tarjeta Naranja S.A. (***) 08.12.15 $ XXI $ 232,000 Simple 550 02.12.17 Variable +4.5% 07.29.15 381,218 Tarjeta Naranja S.A.(***) 11.13.15 $ XXII $ 300,000 Simple 547 05.13.17 Variable 11.03.15 570,817 Tarjeta Naranja S.A. (***) 03.16.16 $ XXIII $ 242,000 Simple 549 09.16.17 Minimum Rate/ +4.99% 03.07.16 302,381 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 65,691 Simple 549 11.05.17 Minimum Rate/ +4.08% 04.22.16 125,645 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 234,309 Simple 1,095 05.05.19 Minimum Rate/ + 4.98% 04.22.16 354,070 Tarjeta Naranja S.A. (***) 07.26.16 $ XXV $ 400,000 Simple 1,461 07.26.20 Minimum Rate/ + 3.94% 07.13.16 677,665 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 149,763 Simple 547 04.24.18 Minimum Rate/ + 2.75% 10.14.16 289,314 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 350,237 Simple 1,461 10.24.20 Minimum Rate/ 10.14.16 676,589 Tarjetas del Mar S.A. 02.19.16 $ I $ 150,000 Simple 18 08.19.17 Variable +4.5% 02.04.16 234,493 Total 21,848,460 (*) It includes principal and interest. (**) Not convertible into shares. (1) Annual nominal 27% fixed rate during the first nine months, and variable Badlar plus an annual 4.25% rate for the following 15 months. (2) On May 4, 2017, Banco Galicia redeemed all outstanding negotiable obligations due 2018, at a price equal to 100% of their residual face value, plus accrued interest up to, but excluding, the redemption date. (3) The net proceeds from this issuance of negotiable obligations was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Negotiable Obligations and the Argentine Central Bank regulations. The repurchases of Own Debt securities as of the indicated dates are as follows: Company ON Class Face Value as of 12.31.18 Carrying Amount (*) 12.31.18 Banco de Galicia y Buenos Aires S.A.U. Class III 2,335 36,437 Banco de Galicia y Buenos Aires S.A.U. Class V – Series II 48,000 47,178 Tarjeta Naranja S.A. Class XXXV Series II 51,500 49,783 Tarjeta Naranja S.A. Class XXXVI Series II 10,000 10,546 Tarjeta Naranja S.A. Class XXXVII 11,783 184,535 Tarjeta Naranja S.A. Class XXXVIII 3,870 4,135 Tarjeta Naranja S.A. Class XXXIX 5,000 5,351 Tarjeta Naranja S.A. Class XL 16,000 17,504 Tarjeta Naranja S.A. Class XLI Series I 1,000 936 Tarjeta Naranja S.A. Class XLI Series II 19,000 20,227 Tarjeta Naranja S.A. Class XLII 50,000 54,389 Tarjeta Naranja S.A. (**) Class XXIV Series II 80,000 82,947 Tarjeta Naranja S.A. (**) Class XXV Series II 9,000 8,984 Tarjeta Naranja S.A. (**) Class XXVI Series II 25,000 27,027 Tarjeta Naranja S.A. (**) Class XXVII Series I 36,761 37,282 Tarjeta Naranja S.A. (**) Class XXVII Series II 5,488 5,757 Tarjeta Naranja S.A. (**) Class XXVIII Series II 8,254 8,501 Total 601,519 (*) It includes principal and interest. (**) Debt securities merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. Company ON Class Face Value as of 12.31.17 Carrying Amount (*) of 12.31.17 Banco de Galicia y Buenos Aires S.A.U. Class III 290 6,863 Tarjeta Naranja S.A. Class XXXIII Series II 13,231 21,313 Tarjeta Naranja S.A. Class XXXIV Series II 2,111 3,270 Tarjeta Naranja S.A. Class XXXV Series II 15,500 23,786 Tarjeta Naranja S.A. Class XXXVI Series I 2,000 2,984 Tarjeta Naranja S.A. Class XXXVI Series II 20,000 31,372 Tarjeta Naranja S.A. Class XXXVIII 2,000 3,040 Tarjeta Naranja S.A. (**) Class XXIV Series II 35,000 55,333 Tarjeta Naranja S.A. (**) Class XXVI Series II 60,540 94,889 Tarjeta Naranja S.A. (**) Class XXVII Series II 2,871 4,251 Tarjeta Naranja S.A. (**) Class XXVIII Series II 66,659 106,851 Total 353,952 (*) It includes principal and interest. (**) Debt securities merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. Company ON Class Face Value as of 01.01.17 Carrying Amount (*) of 01.01.17 Grupo Financiero Galicia S.A. VII 3,000 5,776 Banco de Galicia y Buenos Aires S.A.U. — US$ 7,865 241,671 Tarjeta Naranja S.A. XIII US$ 3,998 40,031 Tarjeta Naranja S.A. XXVIII Series II 35,000 22,463 Tarjeta Naranja S.A. XXIX 3,500 6,729 Tarjeta Naranja S.A. XXX 65,900 119,696 Tarjeta Naranja S.A. XXXI 20,730 40,109 Tarjeta Naranja S.A. XXXII 109,257 211,429 Tarjeta Naranja S.A. XXXIII Series I 14,000 27,250 Tarjeta Naranja S.A. XXXIII Series II 3,184 6,335 Tarjeta Naranja S.A. XXXIV Series I 20,000 36,717 Tarjeta Naranja S.A. XXXIV Series II 6,111 11,286 Tarjeta Naranja S.A. XXXV Series II 17,500 32,460 Tarjeta Naranja S.A. XXXVI Series I 16,610 30,984 Tarjeta Naranja S.A. XXXVI Series II 85,228 159,460 Tarjeta Naranja S.A. (**) XIX Series II 65,500 123,871 Tarjeta Naranja S.A. (**) XXI 31,383 60,648 Tarjeta Naranja S.A. (**) XXIII 79,243 148,408 Tarjeta Naranja S.A. (**) XXIV Series II 49,000 94,683 Tarjeta Naranja S.A. (**) XXV 52,000 99,338 Tarjetas del Mar S.A. I 30,259 56,736 Total 1,576,080 (*) It includes principal and interest. (**) Debt securities merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. Related-party information is disclosed in Note 52. |
Subordinated Debt Securities
Subordinated Debt Securities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Subordinated Debt Securities | NOTE 29. SUBORDINATED DEBT SECURITIES The Company has the following subordinated debt securities not convertible into shares issued under the Global Programs detailed in Note 28 as of the close of the fiscal year: Company Date of Placement Currency ON Face Value Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount as of 12.31.18 (*) Banco de Galicia y Bs. As. S.A.U. 07.19.16 US$ — US$ 250,000 120 months (1) — (2)(3) 06.23.16 9,767,874 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. (3) The net proceeds from this issuance of debt securities was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Debt securities and the Argentine Central Bank regulations. Company Date of Placement Currency ON Class Face Value Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount as of 12.31.17 (*) Banco de Galicia y Bs. As. S.A.U. 07.19.16 US$ — US$ 250,000 120 months (1) — (2)(3) 06.23.16 7,128,356 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. until the date of Date Securities.. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. (3) The net proceeds from this issuance of debt securities was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Debt securities and the Argentine Central Bank regulations. Company Date of Placement Currency ON Face Value Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount as of 01.01.17 (*) Banco de Galicia y Bs. As. S.A.U. 07.19.16 US$ — US$ 250,000 120 months (1) — (2)(3) 06.23.16 7,490,444 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. (3) The net proceeds from this issuance of debt securities was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Debt securities and the Argentine Central Bank regulations. |
Provisions
Provisions | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Provisions | NOTE 30. PROVISIONS The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 For Administrative, Disciplinary and Criminal Penalties 5,306 7,357 10,134 For Termination Benefits 86,926 109,295 83,322 Others 1,357,091 780,608 615,757 Total 1,449,323 897,260 709,213 Changes in the “Provisions” account for FY 2018 are detailed in Schedule J. See Note 47 for further details. Changes for FY 2017 are disclosed below: Decreases Balances at Balances Beginning of Inflation as of Item Year Increases Reversals Uses effect 12.31.17 Provisions 709,213 554,042 (48,493 ) (148,917 ) (168,585 ) 897,260 Total 709,213 554,042 (48,493 ) (148,917 ) (168,585 ) 897,260 |
Other Non-financial Liabilities
Other Non-financial Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Non-financial Liabilities | NOTE 31. OTHER NON-FINANCIAL The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Withholdings and Additional Withholdings Payable 2,901,402 2,781,222 3,212,628 Salaries and Social Security Contributions Payable 2,841,885 2,227,181 2,153,525 Withholdings Payable on Salaries 185,625 160,765 205,275 Value-Added Tax 527,563 519,125 492,704 Sundry Creditors 1,601,166 3,558,480 1,267,562 Liabilities for Assets Held for Sale (*) — 8,662,306 8,662,306 Taxes Payable 1,930,074 1,920,028 1,390,508 Liabilities Arising from Contracts with Customers 1,071,636 1,061,197 834,413 Other Non-financial 412,179 252,150 307,036 Total 11,471,530 21,142,454 18,525,957 (*) Liabilities of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Deferred income resulting from contracts with customers includes the liabilities for the “ Quiero non-exchanged The following table shows the estimated use of the liabilities recorded as of this fiscal year-end. Terms Item Up to 12 Months Up to 24 Months Over 24 Months Total Liabilities – “ Quiero 394,901 330,615 192,859 918,375 |
Capital Stock
Capital Stock | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Capital Stock | NOTE 32. CAPITAL STOCK The capital stock structure is detailed in Schedule K. The Ordinary and Extraordinary Shareholders’ Meeting of Grupo Financiero Galicia S.A. held on August 15, 2017 decided to approve an increase in capital stock by means of the issuance of up to 150,000,000 ordinary book-entry Class “B” shares, entitled to one vote per share and with a face value of $1 each. These shares are entitled to dividends with the same rights to the shares outstanding at the time of the issuance. On September 7, 2017, the Board of Directors of the C.N.V., by means of Joint Resolution No. RESFC-2017-18927-APN-DIR#CNV, The primary offering year ended on September 26, 2017, with 109,999,996 Class “B” shares having been subscribed at a price of US$5 each. On September 29, 2017, such shares were issued and integrated. The Company granted over-subscription rights to international placement agents who, on October 2, 2017, enforced such rights and were awarded additional 16,500,004 Class “B” shares at a price of US$5 each, the issuance and payment of which took place on October 4, 2017. The capital increase amounted to $11,004,383 (which is equal to $17,212,307 as of December 31, 2018), the expenses related thereto amounted to $146,347 (which is equal to $229,358 as of December 31, 2018) and were deducted from additional paid-in On November 8, 2017, the capital increase was registered with the Public Registry of Commerce. The Company has no own shares in portfolio. The Company’s shares are listed on Bolsas y Mercados Argentinos (BYMA), Mercado Abierto Electrónico S.A. (MAE) and the National Association of Securities Dealers Automated Quotation (NASDAQ). |
Income Statement Breakdown
Income Statement Breakdown | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Income Statement Breakdown | NOTE 33. INCOME STATEMENT BREAKDOWN Breakdown of: Interest Income, Fee Income and Net Income from Financial Instruments Measured at Fair Value through Profit or Loss are detailed in Schedule Q. |
Gold and Foreign Currency Quota
Gold and Foreign Currency Quotation Differences | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Gold and Foreign Currency Quotation Differences | NOTE 34. GOLD AND FOREIGN CURRENCY QUOTATION DIFFERENCES The account breaks down as follows as of the indicated dates: Originated by: 12.31.18 12.31.17 Foreign Currency Brokerage 5,989,359 2,942,860 Valuation of Foreign Currency Assets and Liabilities (2,212,288 ) 536,001 Total 3,777,071 3,478,861 |
Other Operating Income
Other Operating Income | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Operating Income | NOTE 35. OTHER OPERATING INCOME The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Commission on Product Package 2,730,875 2,803,596 Other Adjustments and Interest from Miscellaneous Receivables 1,599,459 456,234 Rental of Safe Deposit Boxes 516,123 512,318 Other Financial Income 168,571 58,113 Other Income from Services 4,081,817 3,176,518 Others 2,475,068 1,989,853 Total 11,571,913 8,996,632 |
Underwriting Income from Insura
Underwriting Income from Insurance Business | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Underwriting Income from Insurance Business | NOTE 36. UNDERWRITING INCOME FROM INSURANCE BUSINESS The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Premiums and Surcharges Accrued 4,687,242 5,260,902 Claims Accrued (535,888 ) (604,908 ) Surrenders (5,770 ) (7,564 ) Life and Ordinary Annuities (8,541 ) (9,182 ) Underwriting and Operating Expenses (1,285,007 ) (1,299,507 ) Other Income and Expenses 17,283 (24,829 ) Total 2,869,319 3,314,912 |
Loan Loss Provision
Loan Loss Provision | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Loan Loss Provision | NOTE 37. LOAN LOSS PROVISION The changes in the loss allowance between the beginning and the end of the annual period are detailed in Note 46. |
Personnel Expenses
Personnel Expenses | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Personnel Expenses | NOTE 38. PERSONNEL EXPENSES The following are the items included in the account as of the indicated dates: 12.31.18 12.31.17 Salaries 11,657,815 11,513,774 Social Security Contributions on Salaries 1,715,592 1,840,448 Severance Payments and Personnel Bonuses 2,730,047 2,908,611 Personnel Services 538,941 448,431 Other Short-term Employee Benefits 328,052 377,408 Other Long-term Employee Benefits 55,800 — Total 17,026,247 17,088,672 |
Administrative Expenses
Administrative Expenses | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Administrative Expenses | NOTE 39. ADMINISTRATIVE EXPENSES The Group presented its statement of comprehensive income by function. Under this method, expenses are classified according to their function as part of the item “Administrative Expenses”. The table below provides the required additional information about expenses by nature and function as of the indicated dates: 12.31.18 12.31.17 Fees and Compensation for Services 1,216,542 518,772 Directors’ and Syndics’ Fees 174,191 134,483 Advertising and Publicity 1,278,061 1,237,729 Taxes 3,369,396 3,522,967 Maintenance and Repairs 1,415,585 1,035,880 Electricity and Communications 961,421 920,058 Entertainment and Transportation Expenses 102,326 130,526 Stationery and Office Supplies 210,613 201,747 Rentals 826,357 738,382 Administrative Services Hired 1,293,996 1,286,759 Security 558,520 624,814 Insurance 454,476 455,360 Others 4,217,670 3,616,080 Total 16,079,154 14,423,557 |
Depreciation and Impairment of
Depreciation and Impairment of Assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Depreciation and Impairment of Assets | NOTE 40. DEPRECIATION AND IMPAIRMENT OF ASSETS The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Depreciation of Property, Plant and Equipment 1,115,673 1,040,438 Amortization of Organization and Development Expenses 533,430 394,885 Others 2,872 4,117 Total 1,651,975 1,439,440 |
Other Operating Expenses
Other Operating Expenses | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Other Operating Expenses | NOTE 41. OTHER OPERATING EXPENSES The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Turnover Tax 8,647,616 6,976,566 Contributions to the Guarantee Fund 510,843 438,487 Charges for Other Provisions 1,056,171 360,530 Claims 310,406 199,172 Other Financial Income 546,541 319,634 Other Expenses from Services 5,069,626 4,796,835 Others 757,862 1,514,002 Total 16,899,065 14,605,226 |
Income Tax_Deferred Tax
Income Tax/Deferred Tax | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Income Tax/Deferred Tax | NOTE 42. INCOME TAX/DEFERRED TAX The following is a reconciliation of income tax charged to income as of December 31, 2018, as compared to the previous fiscal year: 12.31.18 12.31.17 Income for the Year Before Income Tax (3,027,209 ) (14,483,807 ) Effective Tax Rate 30 % 35 % Income (Loss) for the Year at the Tax Rate (908,163 ) (5,069,332 ) Permanent Differences at the Tax Rate - Income (Loss) from Equity Instruments 207,417 93,519 - Non-taxable 180,588 94,244 - Donations and Other Non-deductible (65,921 ) (82,312 ) - Other (406,621 ) (302,991 ) - Allowance for Impairment (1,888 ) 211,250 - Fines — (63 ) - Inflation effect (6,410,820 ) (3,303,793 ) - Law 27430 Rate Adjustment 461,207 718,691 Total Income Tax Charge for the Year (6,944,201 ) (7,640,787 ) 12.31.18 12.31.17 Current Income Tax (6,921,400 ) (6,971,658 ) Deferred Tax Charge (*) 397,187 (730,095 ) Allowance for Impairment (*) (1,888 ) 211,250 Adjustment to Prior-Year Tax Return (82,340 ) (151,496 ) Law 27430 Adjustment (335,760 ) 1,212 Total Income Tax Charge for the Year (6,944,201 ) (7,640,787 ) (*) See Note 20. 12.31.18 12.31.17 Current Income Tax (6,921,400 ) (6,971,658 ) Tax Advances 3,463,791 3,393,129 Current Income Tax Liabilities (3,457,609 ) (3,578,529 ) In September 2017, Banco Galicia filed with A.F.I.P. both actions for recovery of income tax paid in excess for fiscal years 2014 and 2016, totaling $433,815 and $944,338, respectively. These actions were grounded on case law that declared unconstitutional certain rules and regulations banning the application of the inflation adjustment for tax purposes, with the ensuing confiscatory effects. At the closing of these financial statements, Banco Galicia has not recorded balances in respect of the contingent assets stemming from the aforementioned actions. Tax Reform On December 29, 2017, the National Executive Branch enacted Income Tax Law No. 27430. This law has introduced several changes to the previous income tax treatment. Some of the key changes involved in the reform include: • Income Tax Rate: The income tax rate for Argentine companies shall be gradually reduced from 35% to 30% for fiscal years commencing on January 1, 2018 until December 31, 2019, and to 25% for fiscal years commencing on, and including, January 1, 2020. • Tax on Dividends: The law has introduced a tax on dividends or profits distributed by Argentine companies or permanent establishments, among others, to: individuals, undivided interests or foreign beneficiaries, subject to the following considerations: (i) dividends distributed out of the profits made during fiscal years commencing on January 1, 2018 until December 31, 2019 shall be subject to withholding at a 7% rate; and (ii) dividends distributed out of the profits made during fiscal years commencing on January 1, 2020 onwards shall be subject to withholding at a 13% rate. Dividends distributed from profits earned until the fiscal year before that commenced on January 1, 2018 shall remain subject, in respect of all beneficiaries, to withholding at the 35% rate on the amount in excess of tax-free • Optional Tax Revaluation: Regulations establish that, at the companies’ option, the tax revaluation of assets located in the country and that are used for generating taxable income may be made. The special tax on the revaluation amount depends on the asset: 8% is for real estate that does not qualify as inventories, 15% for real estate that qualifies as inventories and 10% for personal property and the remaining assets. Once the option for a given asset is exercised, all the other assets of the same category should be revalued. Taxable income resulting from the revaluation is not subject to income tax and the special tax on the revaluation amount will not be deductible from such tax. |
Dividends
Dividends | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Dividends | NOTE 43. DIVIDENDS The Ordinary and Extraordinary Shareholders’ Meeting held on April 24, 2018 approved the financial statements as of December 31, 2017 and the treatment of income for the fiscal year then ended. The dividends approved by such Shareholders’ Meeting amounted to $1,200,000 (which is equal to $1,616,849 as of December 31, 2018) and represented $0.84 (figure stated in Pesos) per share. The dividends mentioned above were paid to the Group’s shareholders on May 9, 2018. The Ordinary and Extraordinary Shareholders’ Meeting held on April 25, 2017 approved the financial statements as of December 31, 2016 and the treatment of income for the fiscal year then ended. The dividends approved by such Shareholders’ Meeting amounted to $240,000 (which is equal to $405,825 as of December 31, 2017) and represented $0.18 (figure stated in Pesos) per share. The dividends mentioned above were paid to the Group’s shareholders on May 9, 2017. |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Earnings Per Share | NOTE 44. EARNINGS PER SHARE Earnings per share are calculated by dividing income attributable to the Group’s shareholders by the weighted average of outstanding common shares during the year. As the Group does not have preferred shares or debt convertible into shares, basic earnings are equal to diluted earnings per share. 12.31.18 12.31.17 Net Income for the Year Attributable to owners of the Parent (3,465,822 ) 6,793,588 Weighted Average Common Shares 1,426,765 1,332,617 Income per Share (2.43 ) 5.10 |
Segment Reporting
Segment Reporting | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Segment Reporting | NOTE 45. SEGMENT REPORTING The Group determines segments based on management reports that are reviewed by the Board of Directors and updated as they show changes. Reportable segments are one or more operating segments with similar economic characteristics, distribution channels and regulatory environments. Below there is a description of each business segment’s composition: a. Banks: It represents the banking business operation results. b. Regional Credit Cards: This segment represents the results of operations of the regional credit card business and includes the results of operations of Tarjetas Regionales S.A. consolidated with its subsidiaries, as follows: Cobranzas Regionales S.A., Ondara S.A. and Tarjeta Naranja S.A. c. Insurance: This segment represents the results of operations of the insurance companies’ business and includes the results of operations of Sudamericana Holding S.A. consolidated with its subsidiaries, as follows: Galicia Retiro Cía. de Seguros S.A., Galicia Seguros S.A. and Galicia Broker Asesores de Seguros S.A. d. Other Businesses: This segment shows the results of operations of Galicia Administradora de Fondos S.A., Galicia Warrants S.A., Galicia Valores S.A. and Grupo Financiero Galicia S.A., the last two net of eliminations of the income from equity investments. As of December 31, 2017, it as well included the results of operations of Net Investment S.A. (in liquidation). e. Adjustments: This segment includes consolidation adjustments and eliminations of transactions among subsidiaries. The operating income (loss) of the Group’s different operating segments is monitored separately in order to make decisions on resource allocation and the evaluation of each segment’s performance. Segment performance is evaluated based on operating income or losses and is consistently measured with the operating income and losses of the consolidated income statement. Intersegment transactions are at arm’s length similarly to transactions performed with third parties. Income, expenses and income (losses) resulting from the transfers among operating segments are then eliminated from consolidation. The Group operates in one geographic segment, Argentina. The relevant segment reporting as of the indicated dates is as follows: Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.18 Net Income from interest 23,616,496 9,178,072 423,260 117,660 27,975 33,363,463 Net fee Income (Expense) 12,476,489 8,930,089 — (1,493 ) (1,166,922 ) 20,238,163 Net Income from Financial Instruments measured at fair value through Profit or Loss 16,047,772 885,187 21,800 397,959 — 17,352,718 Income from Derecognition of Assets Measured at Amortized Cost 221,639 — — — — 221,639 Gold and Foreign Currency Quotation Differences 3,735,237 (50,793 ) 4,139 88,488 — 3,777,071 Other Operating Income (Expense) 6,960,582 3,682,154 163,789 615,585 149,803 11,571,913 Underwriting Income from Insurance Business — — 1,612,319 — 1,257,000 2,869,319 Loan and other Receivables Loss Provisions (10,872,910 ) (5,348,897 ) (77,920 ) — — (16,299,727 ) Personnel Expenses (11,544,850 ) (4,791,219 ) (574,795 ) (115,383 ) — (17,026,247 ) Administrative Expenses (10,466,492 ) (4,955,287 ) (408,662 ) (279,696 ) 30,983 (16,079,154 ) Depreciation and Impairment of Assets (1,019,284 ) (533,666 ) (91,474 ) (7,551 ) — (1,651,975 ) Other Operating Expenses (12,823,603 ) (4,004,676 ) (402 ) (70,384 ) — (16,899,065 ) Loss on net monetary position (11,204,647 ) (3,844,676 ) (560,529 ) (2,453,816 ) — (18,063,668 ) Operating Income 5,126,429 (853,712 ) 511,525 (1,708,631 ) 298,839 3,374,450 Share of profit from Associates and Joint Ventures 44,146 — — (18,065 ) (26,081 ) — Income before Taxes from Continuing Operations 5,170,575 (853,712 ) 511,525 (1,726,696 ) 272,758 3,374,450 Income Tax from Continuing Operations (6,636,632 ) (1,285,983 ) (309,769 ) 1,319,858 — (6,912,526 ) Net Income from Continuing Operations (1,466,057 ) (2,139,695 ) 201,756 (406,838 ) 272,758 (3,538,076 ) Income from Discontinued Operations (225,501 ) — — (34,255 ) — (259,756 ) Income Tax from Discontinued Operations (30,306 ) — — (1,369 ) — (31,675 ) Net Income (Loss) for the Year (1,721,864 ) (2,139,695 ) 201,756 (442,462 ) 272,758 (3,829,507 ) Other Comprehensive Income (Loss) (78,249 ) — (10,555 ) (87,485 ) 88,804 (87,485 ) Net Income for the Year Attributable to Non-controlling 59 372 — — 363,254 363,685 Net Income (Loss) for the Year Attributable to owners of the Parent (1,800,054 ) (2,139,323 ) 191,201 (529,947 ) 724,816 (3,553,307 ) Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.17 Net Income from interest 19,724,848 9,550,812 427,948 127,966 42,461 29,874,035 Net fee Income (Expense) 12,163,079 10,028,406 — (2,847 ) (43,012 ) 22,145,626 Net Income from Financial Instruments measured at fair value through Profit or Loss 6,725,615 616,589 (16,744 ) 1,130,565 5,313 8,461,338 Gold and Foreign Currency Quotation Differences 3,316,161 17,642 1,986 143,072 — 3,478,861 Other Operating Income 5,082,425 4,057,565 72,879 1,372,584 (1,588,821 ) 8,996,632 Underwriting Income from Insurance Business — — 1,704,918 7,320 1,602,674 3,314,912 Loan and other Receivables Loss Provisions (3,898,951 ) (3,272,811 ) — (122,094 ) — (7,293,856 ) Personnel Expenses (11,355,757 ) (5,010,769 ) (551,418 ) (170,728 ) — (17,088,672 ) Administrative Expenses (9,287,356 ) (4,516,331 ) (450,112 ) (198,830 ) 29,072 (14,423,557 ) Depreciation and Impairment of Assets (917,564 ) (460,394 ) (48,335 ) (13,147 ) — (1,439,440 ) Other Operating Expenses (10,506,788 ) (4,019,688 ) (1,614 ) (77,241 ) 105 (14,605,226 ) Loss on net monetary position (2,629,379 ) (2,140,368 ) (346,257 ) (1,707,292 ) — (6,823,296 ) Operating Income 8,416,333 4,850,653 793,251 489,328 47,792 14,597,357 Share of profit from Associates and Joint Ventures 2,048,332 — 3,318 — (1,730,468 ) 321,182 Income before Taxes from Continuing Operations 10,464,665 4,850,653 796,569 489,328 (1,682,676 ) 14,918,539 Income Tax from Continuing Operations (4,478,396 ) (2,721,222 ) (411,465 ) 292,056 — (7,319,027 ) Net Income from Continuing Operations 5,986,269 2,129,431 385,104 781,384 (1,682,676 ) 7,599,512 Income from Discontinued Operations — — — — — — Income Tax from Discontinued Operations (321,760 ) — — — — (321,760 ) Net Income (Loss) for the Year 5,664,509 2,129,431 385,104 781,384 (1,682,676 ) 7,277,752 Other Comprehensive Income (Loss) (454,753 ) — 23,053 (3,032 ) — (434,732 ) Net Income for the Year Attributable to Non-controlling — 105 — 5,866 (490,135 ) (484,164 ) Net Income (Loss) for the Year Attributable to owners of the Parent 5,209,756 2,129,536 408,157 784,218 (2,172,811 ) 6,358,856 Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.18 ASSETS Cash and Due from Banks 142,049,436 1,364,452 55,184 93,007 (252,651 ) 143,309,428 Debt Securities at fair value through profit or loss 75,911,796 — 83,476 81,501 (141,610 ) 75,935,163 Derivative Financial Instruments 1,785,640 — — — — 1,785,640 Repo Transactions 2,068,076 — — — — 2,068,076 Other Financial Assets 4,691,607 3,677,018 234,656 503,650 (58,999 ) 9,047,932 Loans and Other Financing 243,232,186 44,050,906 426,159 (1,887,892 ) (3,111,291 ) 282,710,068 Other Debt Securities 13,630,604 — 990,929 (65,632 ) (131,767 ) 14,424,134 Financial Assets Pledged as Collateral 10,812,499 4,993 — — — 10,817,492 Current Income Tax Assets 2,267,500 11,939 82,004 (2,266,525 ) — 94,918 Investments in Equity Instruments 159,602 — — 1,452 — 161,054 Equity Investments in Associates and Joint Ventures 397,754 — — 59,395,513 (59,793,267 ) — Property, Plant and Equipment 9,869,201 1,806,613 294,461 7,392,310 — 19,362,585 Intangible Assets 3,259,794 645,580 89,798 591,975 — 4,587,147 Deferred Income Tax Assets — 868,671 99,867 4,437 — 972,975 Assets for Insurance Contracts — — 982,502 — — 982,502 Other Non-financial 798,367 283,307 18,669 1,724,421 5 2,824,769 Non-current 404,106 — — 203,909 — 608,015 TOTAL ASSETS 511,338,168 52,713,479 3,357,705 65,772,126 (63,489,580 ) 569,691,898 LIABILITIES Deposits 361,445,778 — — — (1,348,503 ) 360,097,275 Liabilities at Fair Value Through Profit or Loss 2,685,471 — — — (540,807 ) 2,144,664 Derivative Financial Instruments 1,835,789 — — — — 1,835,789 Repo Transactions 1,948,559 — — — — 1,948,559 Other Financial Liabilities 40,976,456 23,419,918 — 36,311 (1,197,643 ) 63,235,042 Loans from the Argentine Central Bank and Other Financial Institutions 17,490,792 1,955,180 56 — — 19,446,028 Debt Securities Issued 15,527,765 14,979,260 — — (523,372 ) 29,983,653 Current Income Tax Liabilities 5,442,791 38,137 203,147 (2,226,466 ) — 3,457,609 Subordinated Debt Securities 9,767,874 — — — — 9,767,874 Provisions 1,248,998 64,997 78,328 57,000 — 1,449,323 Deferred Income Tax Liabilities 289,493 — 106,709 1,507,444 — 1,903,646 Liabilities for Insurance Contracts — — 1,146,515 — (43,295 ) 1,103,220 Other Non-financial 8,709,240 2,122,183 420,273 246,661 (26,827 ) 11,471,530 TOTAL LIABILITIES 467,369,006 42,579,675 1,955,028 (379,050 ) (3,680,447 ) 507,844,212 Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.17 ASSETS Cash and Due from Banks 86,314,938 801,270 34,593 91,521 (197,441 ) 87,044,881 Debt Securities at fair value through profit or loss 39,232,822 370,046 1,060,464 2,349,286 (264,821 ) 42,747,797 Derivative Financial Instruments 775,674 — — 17,183 (17,183 ) 775,674 Repo Transactions 14,286,336 — — — — 14,286,336 Other Financial Assets 6,035,372 3,202,795 278,548 1,107,730 (285,189 ) 10,339,256 Loans and Other Financing 237,690,649 47,421,104 20,631 19,375 (797,000 ) 284,354,759 Other Debt Securities 3,306,706 — 688,814 263,322 (76,305 ) 4,182,537 Financial Assets Pledged as Collateral 9,339,920 6,868 — — — 9,346,788 Current Income Tax Assets 1,856,223 30,227 126,227 (1,873,897 ) (4,040 ) 134,740 Investments in Equity Instruments 111,923 — — — — 111,923 Equity Investments in Associates and Joint Ventures 10,340,901 — — 63,094,393 (73,435,294 ) — Property, Plant and Equipment 16,203,040 1,724,338 271,373 10,264 — 18,209,015 Intangible Assets 1,098,519 532,156 94,136 103 — 1,724,914 Deferred Income Tax Assets — 705,405 52,556 4,609 — 762,570 Assets for Insurance Contracts — — 1,021,703 — — 1,021,703 Other Non-financial 3,097,128 286,272 5,308 355,961 (6,539 ) 3,738,130 Non-current 8,506,288 — — 2,353,803 — 10,860,091 TOTAL ASSETS 438,196,439 55,080,481 3,654,353 67,793,653 (75,083,812 ) 489,641,114 LIABILITIES Deposits 296,596,968 — — — (229,612 ) 296,367,356 Derivative Financial Instruments 863,514 — — — (17,183 ) 846,331 Repo Transactions 1,670,059 — — — — 1,670,059 Other Financial Liabilities 31,345,885 24,409,668 — 291,371 (696,125 ) 55,350,799 Loans from the Argentine Central Bank and Other Financial Institutions 11,410,915 490,169 — (282,083 ) (699 ) 11,618,302 Debt Securities 6,627,223 13,999,030 5,111 (11,074 ) (341,125 ) 20,279,165 Current Income Tax Liabilities 3,862,407 1,028,814 237,944 (1,550,636 ) — 3,578,529 Subordinated Debt Securities 7,128,356 — — — — 7,128,356 Provisions 665,288 71,258 82,382 78,332 — 897,260 Deferred Income Tax Liabilities 1,941,104 — 61,587 85,849 — 2,088,540 Liabilities for Insurance Contracts — — 1,195,647 34,704 (34,704 ) 1,195,647 Other Non-financial 15,177,593 2,230,117 402,746 2,642,765 689,233 21,142,454 TOTAL LIABILITIES 377,289,312 42,229,056 1,985,417 1,289,228 (630,215 ) 422,162,798 Banks Regional Credit Insurance Other Businesses Adjustments Total as of 01.01.17 ASSETS Cash and Due from Banks 120,510,951 855,572 117,750 165,275 (465,569 ) 121,183,979 Debt Securities at fair value through profit or loss 27,893,048 137,324 1,912,151 275,098 (1,399,877 ) 28,817,744 Derivative Financial Instruments 229,436 — — — — 229,436 Other Financial Assets 3,118,715 3,919,010 231,213 613,070 (1,162,427 ) 6,719,581 Loans and Other Financing 195,873,323 48,933,879 47,379 2,436,269 (1,587,429 ) 245,703,421 Other Debt Securities 1,860,045 — 381,793 942,014 — 3,183,852 Financial Assets Pledged as Collateral 9,870,728 224,692 — 173 — 10,095,593 Current Income Tax Assets 3,967 27,474 182,291 21,199 — 234,931 Investments in Equity Instruments 125,962 — — 61,173 — 187,135 Equity Investments in Associates and Joint Ventures 9,614,493 — 27,115 2,325,267 (11,680,073 ) 286,802 Property, Plant and Equipment 14,289,988 1,716,579 289,207 52,586 — 16,348,360 Intangible Assets 1,109,456 485,282 63,345 2,710 — 1,660,793 Deferred Income Tax Assets — 942,720 64,865 27,675 — 1,035,260 Assets for Insurance Contracts — — 960,393 28,330 — 988,723 Other Non-financial 2,369,045 169,999 19,509 375,930 85,185 3,019,668 Non-current 10,593,323 — — 67,191 258,602 10,919,116 TOTAL ASSETS 397,462,480 57,412,531 4,297,011 7,393,960 (15,951,588 ) 450,614,394 LIABILITIES Deposits 277,560,473 — — — (482,911 ) 277,077,562 Derivative Financial Instruments 264,172 217,832 — 9,297 (200,917 ) 290,384 Repo Transactions 3,030,473 — — — — 3,030,473 Other Financial Liabilities 31,465,537 25,149,569 — 1,354,339 (874,669 ) 57,094,776 Loans from the Argentine Central Bank and Other Financial Institutions 8,647,524 3,991,530 12,948 420,188 (355,045 ) 12,717,145 Debt Securities 8,731,727 13,536,489 — 955,820 (1,375,576 ) 21,848,460 Current Income Tax Liabilities 1,824,390 750,927 443,077 140,949 — 3,159,343 Subordinated Debt Securities 7,490,444 — — — — 7,490,444 Provisions 467,831 89,496 54,048 97,838 — 709,213 Deferred Income Tax Liabilities 1,667,167 — 51,870 124,560 — 1,843,597 Liabilities for Insurance Contracts — — 1,229,435 — (75,273 ) 1,154,162 Other Non-financial 15,379,938 2,299,474 522,863 547,281 (223,599 ) 18,525,957 TOTAL LIABILITIES 356,529,676 46,035,317 2,314,241 3,650,272 (3,587,990 ) 404,941,516 |
Capital Management and Risk Pol
Capital Management and Risk Policies | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Capital Management and Risk Policies | NOTE 46. CAPITAL MANAGEMENT AND RISK POLICIES The tasks related to risk information and internal control of each of the companies controlled by Grupo Financiero Galicia are defined and carried out rigorously by each of them. Apart from applicable local regulations, Grupo Financiero Galicia S.A., in its capacity as a listed company in the United States of America, complies with the certification of its internal controls pursuant to Section 302 of the Sarbanes Oxley Act (Sarbanes Oxley). Corporate risk management is monitored by the Audit Committee, which as well gathers and analyzes the information submitted by the main controlled companies. As concerns risks, Banco Galicia embraces a policy that takes into consideration several aspects of the business and operations, abiding by the main guidelines of internationally accepted standards. The specific function of the comprehensive management of Banco Galicia’s risks has been allocated to the Risk Division, guaranteeing its independence from the rest of the business areas since it directly reports to the Bank’s General Division and, at the same time, is involved in the decisions made by each area. In addition, the control and prevention of risks related to money laundering, funding of terrorist activities and other illegal activities are allocated to the Prevention of Asset Laundering Division, which reports to the Board of Directors. The aim of both divisions is to guarantee the Board of Directors is fully aware of the risks that the Bank is exposed to, and to design and propose policies and procedures necessary to identify, assess, follow up, control and mitigate such risks. A Risk Appetite framework has been specified, which has risk acceptance levels, both on an individual and a consolidated basis. Metrics have been defined within such framework, which are monitored in order to detect situations that may affect the normal course of business, the noncompliance with the strategy and undesired results and/or situations of vulnerability in the face of changes in market conditions. The Risk and Capital Allocation Committee considers and controls the Bank’s risk profile through a risk appetite report, and defines the actions to be carried out in case of potential deviations from the thresholds set. Capital Management The Company’s goals are to generate returns to its shareholders, benefits to other groups of interest and keep the best capital structure. The latter will be given by the needs for investment in subsidiaries and new ventures, keeping the expected profitability levels and complying with the liquidity and solvency goals set. Banco Galicia’s subsidiary determines the minimum capital requirement for each risk, in accordance with Argentine Central Bank regulations. The capital risk management is cross-sectional with respect to the other risks. Senior management is responsible for monitoring, overseeing, adjusting and ensuring compliance with its stated goals concerning capital management. The Capital Adequacy Assessment Process ( Proceso de Evaluación de Suficiencia de Capital To perform stress tests, four scenarios with different likelihood of occurrence are defined, which could affect the solvency and liquidity. The most-likely to occur scenarios are used in management stress testing and are referred to when defining Risk Appetite thresholds. The least-likely to occur or least-severe scenarios are used in developing the Recovery Plan, which specifies the protocol defined for situations or events that may compromise the Bank’s operational capacity. As of December 31, 2018 and December 31, 2017, Banco Galicia complied with the minimum capital requirement established by the Argentine Central Bank regulations. Computable Regulatory Capital (R.P.C., as per the initials in Spanish) is made up of Core Capital and Supplementary Capital. Banco Galicia’s balance for such items as of December 31, 2018 and December 31, 2017 is as follows: 12.31.18 12.31.17 Core Capital 36,584,326 22,581,424 Tier 1 Common Capital 41,863,969 26,244,839 (Deductible Items) (5,279,643 ) (3,663,415 ) Additional Tier 1 Capital Supplementary Capital 12,745,132 6,947,945 Tier 2 Capital 12,745,132 6,947,945 (Deductible Items) Computable Regulatory Capital (R.P.C.) 49,329,458 29,529,369 The breakdown of the minimum capital requirement determined for the Group is shown below: 12.31.18 12.31.17 Credit Risk 22,170,572 17,263,077 Market Risk 969,226 1,126,159 Operational Risk 4,023,443 4,220,503 Minimum Capital Requirement 27,163,241 22,609,739 Paid-in 49,329,458 29,529,369 Excess 22,166,217 6,919,630 Financial Risks Financial risk is a phenomenon inherent to the financial brokerage activity. The exposure to the different financial risk factors is a natural circumstance that cannot be completely avoided without affecting the Group’s long-term economic viability. However, the lack of management with regard to risk exposures is one of the most significant short-term threats. Risk factors need to be identified and managed within a specific policy framework that envisages the profile and the level of risk it has been decided to take to achieve long-term strategic goals. Market Risk The “price risk” is the possibility of incurring losses as a consequence of the variation of the market price of financial assets whose value is subject to negotiation. Financial assets subject to “trading” or allocated to “own positions” will be government and private debt securities, shares, currencies, derivatives and debt instruments issued by the Argentine Central Bank. Brokerage/trading transactions that are allowed and regulated by the Policy are as follows: • Brokerage of Government and Provincial Securities. • Brokerage of Currencies on the Spot and Futures Markets • Brokerage of Interest Rate Derivatives. Interest Rate Futures and Interest Rate Swaps. • Brokerage of Debt Instruments Issued by the Argentine Central Bank. • Brokerage of Third-party Debt securities. • Brokerage of Shares. For the fiscal year 2018, the following limits were established, within which the estimated risk for each type of instrument described above should be classified: Risk Policy on Limits Currency $ 78 million Fixed-Income $ 61 million Interest Rate Derivatives $ 110 million Variable Income $ 1 million The “price risk” (market) is daily managed according to the strategy approved, the purpose of which is to keep the Group present in the different currencies, variable- and fixed-income and derivatives markets, while obtaining the maximum return as possible on brokerage, without exposing the latter to excessive risk levels. Finally, the designed policy contributes to providing transparency and facilitates the perception of the risk levels to which it is exposed. In order to measure and monitor risks derived from the variation in the price of financial instruments that form the trading or brokerage securities portfolio, a model known as “Value at Risk” (also known as “VaR”) is used. This model determines the possible loss that could be generated by different financial instruments at each time under the following critical parameters. Currency Risk The Group’s exposure to the foreign exchange risk as of year-end Currency Balances as of 12.31.18 Currency Monetary Financial Assets Monetary Financial Liabilities Derivatives Net Position U.S. Dollar 196,546 (199,229 ) 101 (2,582 ) Euro (557 ) 1,998 — 1,441 Canadian Dollar (9 ) 42 — 33 Real — — — — Swiss Franc (13 ) 21 — 8 Others (2 ) 49 — 47 Total 195,965 (197,119 ) 101 (1,053 ) Currency Balances as of 12.31.17 Currency Monetary Financial Assets Monetary Financial Liabilities Derivatives Net Position U.S. Dollar 126,277 (120,163 ) (4,155 ) 1,959 Euro 793 (208 ) — 585 Canadian Dollar 30 (6 ) — 24 Real 18 — — 18 Swiss Franc 16 (9 ) — 7 Others 32 (1 ) — 31 Total 127,166 (120,387 ) (4,155 ) 2,624 Currency Change Balances as of 12.31.18 Balances as of 12.31.17 Currency Change Income (Loss) Shareholders’ Equity Income (Loss) Shareholders’ Equity U.S. Dollar 10 % (258 ) (2,848 ) 196 2,154 -10 % 258 (2,323 ) (196 ) 1,763 Euro 10 % 143 1,575 59 644 -10 % (143 ) 1,289 (59 ) 527 Canadian Dollar 10 % 3 366 3 27 -10 % (3 ) 30 (3 ) 21 Real 10 % — — 1 21 -10 % — — (1 ) 16 Swiss Franc 10 % 1 9 — 7 -10 % (1 ) 7 — 6 Others 10 % 5 53 3 35 -10 % (5 ) 43 (3 ) 30 Interest Rate Risk The different sensitivity of assets and liabilities to changes in “market interest rates” exposes the Group to the “interest rate risk”. It is the risk that the financial margin and the economic value of equity may vary as a consequence of fluctuations in market interest rates. The magnitude of such variation is associated with the sensitivity to interest rates of the structure of the Group’s assets and liabilities. This risk factor (the change in interest rates) has an impact on two key variables: the “Net Financial Income (Expense)” and the “Present Value of Shareholders’ Equity”. These methodologies imply a “short-term” approach for which a “base scenario” is subject to an increase in “interest rates” estimating the variation in “Financial Income (Expense)”. Caps on such changes in variables subject to control are fixed. As regards the “long-term” approach, statistical interest rate simulations are made and a “critical” scenario results from the interest rate risk exposure presented by the financial statements structure. The economic capital arises from the resulting difference between the “critical” scenario and the market value as per the financial statements. The Group’s exposure to the interest rate risk is detailed below. This table shows the residual value of assets and liabilities, classified by the sooner of the interest renegotiation date or the maturity date. Term (in Days) Total Assets and Liabilities at Variable Rate Up to 30 days 30 to 90 90 to 180 180 to 365 Over 365 Total As of 12.31.18 Total Financial Assets 205,717,873 31,633,572 33,104,131 43,318,473 168,405,494 482,179,543 Total Financial Liabilities 317,505,256 27,996,087 7,287,605 4,351,288 90,658,702 447,798,938 Net Amount (111,787,383 ) 3,637,485 25,816,526 38,967,185 77,746,792 34,380,605 As of 12.31.17 Total Financial Assets 229,078,934 48,709,932 38,560,371 41,915,133 22,166,248 380,430,618 Total Financial Liabilities 247,229,636 30,430,892 8,610,522 7,702,696 69,461,219 363,434,965 Net Amount (18,150,702 ) 18,279,040 29,949,849 34,212,437 (47,294,971 ) 16,995,653 The table below shows the sensitivity to potential additional changes in interest rates in the next fiscal year, taking into account the breakdown as of December 31, 2018. The percentage change budgeted by the Group for fiscal year 2018 was determined considering 100 bps and changes are considered reasonably possible on the basis on an observation of market conditions. Additional Changes to the Interest Rate Increase/(Decrease) Pesos Increase/(Decrease) Decrease in Interest Rate -100 bps (144,653 ) -0.4 % Increase in Interest Rate +100 bps 144,653 0.4 % Liquidity Risk It contemplates the risk that the Group is unable to offset or liquidate a position at market value because: • the assets that are part thereof do not have a sufficient secondary market; or • market changes. In measuring and daily following up the “stock liquidity” an internal model is used, which contemplates the characteristics of behavior of the Group’s main funding sources. Based on the Group’s experience in connection with the changes in deposits and other liabilities, this model determines the “liquidity requirements” applied to liabilities subject to the policy and give rise to the “Management Liquidity Requirement”. In determining these liquid resources, the remaining term of liabilities is also contemplated, as well as the currency in which they are denominated. The resulting liquidity requirement is allocated to “eligible assets” set by the policy. The management liquidity requirement, along with the legal minimum cash requirements, are part of the total liquidity available. Daily liquidity management is supplemented by the estimated available funds or needs for the day, considering the opening balance of Argentine Central Bank’s account, deducting the daily minimum requirement and including the main movements for the day. The latter results in the overestimated/underestimated balance that will be taken into account by operators in order to place funds or meet the financing needs. The monthly liquidity follow-up In addition, the concentration of deposits is followed up and measured. In order to mitigate this risk factor, the policy designed restricts the involvement of two groups of customers to the total deposits: the first 10 customers and second 50 customers. The table below shows an analysis of maturities of assets and liabilities, determined on the basis of the remaining period as of December 31, 2018 and December 31, 2017, based on undiscounted cash flows: Less than 1 Month 1 to 6 Months 6 to 12 Months 12 Months to 5 Years More than 5 Years Total as of 12.31.18 Assets Debt Securities measured at Fair Value through Profit or Loss 76,849,406 249,268 373,823 1,035,345 157,067 78,664,909 Derivative Financial Instruments 1,785,640 — — — — 1,785,640 Repo Transactions 2,112,250 — — — — 2,112,250 Other Financial Assets 9,056,190 — — — — 9,056,190 Loans and Other Financing 93,109,786 102,383,777 55,974,479 65,838,369 9,507,527 326,813,938 Other Debt Securities 14,491,625 — — — — 14,491,625 Financial Assets Pledged as Collateral 10,817,492 — — — — 10,817,492 Investments in Equity Instruments 161,064 — — — — 161,064 Liabilities Deposits 334,200,194 29,585,189 3,188,378 76,741 36 367,050,538 Liabilities at fair value through profit or loss 2,144,664 — — — — 2,144,664 Derivative Financial Instruments 1,835,789 — — — — 1,835,789 Repo Transactions 1,948,559 — — — — 1,948,559 Other Financial Liabilities 63,065,272 27,072 33,365 146,180 7,145 63,279,034 Loans from the Argentine Central Bank and Other Financial Institutions 7,013,910 8,149,083 3,181,270 7,455,499 72,524 25,872,286 Debt Securities 1,301,031 7,657,224 13,262,785 26,226,582 1,260,277 49,707,899 Subordinated Debt Securities 384,557 — 384,557 3,378,758 11,422,006 15,569,878 Less than 1 Month 1 to 6 Months 6 to 12 Months 12 Months to 5 Years More than 5 Years Total as of 12.31.17 Assets Debt Securities measured at Fair Value through Profit or Loss 40,822,900 316,471 156,817 1,423,261 197,466 42,916,915 Derivative Financial Instruments 775,674 — — — — 775,674 Repo Transactions 14,286,336 — — — — 14,286,336 Other Financial Assets 10,214,745 — — — — 10,214,745 Loans and Other Financing 94,765,477 100,466,108 50,269,774 66,942,156 8,623,630 321,067,145 Other Debt Securities 3,999,205 — — — — 3,999,205 Financial Assets Pledged as Collateral 9,346,788 — — — — 9,346,788 Liabilities Deposits 269,207,286 24,546,832 7,021,479 145,716 — 300,921,313 Derivative Financial Instruments 846,331 — — — — 846,331 Repo Transactions 1,670,059 — — — — 1,670,059 Other Financial Liabilities 57,997,972 — — — — 57,997,972 Loans from the Argentine Central Bank and Other Financial Institutions 14,142,054 17,263,524 3,285,039 6,949,390 202,647 41,842,654 Debt Securities — 2,620,071 1,564,903 22,520,599 — 26,705,573 Subordinated Debt Securities 257,269 7,163,107 — — — 7,420,376 Credit Risk Credit risk arises from the possibility of suffering losses due to a debtor’s or counterparty’s noncompliance with its contractual obligations. It is the one that requires the greatest need for capital, including that arising from the risk of individual and sectorial concentration, which represents supplementary approximations to the intrinsic credit risk. Accordingly, the Group uses credit assessment and risk monitoring tools that allow the entity to manage risks in a streamlined and controlled manner and that foster the adequate diversification of portfolios, both on an individual basis and by economic sector, thus controlling its exposure to potential risks. The credit quality of debt securities as of December 31, 2018 is as follows: Government Securities Rating Government Bonds Provincial Bonds Autonomous City of Aires Bonds Treasury Argentine Central Bank’s Bills Private Securities Total AAA 1,473,352 — — 2,116,944 — 78,658 3,668,954 Aaa — — — — — 36,622 36,622 Aaa.ar — — — — — 196,475 196,475 AA+ — — 37,166 — — 20,875 58,041 AA — — — — — 283,224 283,224 AA(arg) — — — — — 11,161 11,161 raAA — 447,942 — — — — 447,942 AA- — — — — — 276 276 A+ — — — 1,071 — 141,125 142,196 A1.ar — — — — — 14,063 14,063 A — — — 70,350 — 3,047 73,397 A(arg) — — — — — 29,450 29,450 A- — — — — — 41,041 41,041 A3.ar — 146,997 — — — — 146,997 BBB+ — — — — — 1,326 1,326 Baa1.ar — — 5,073 — — 9,775 14,848 BBB 11,544 9,110 — — — 26,956 47,610 BBB(arg) — — — — — 31,173 31,173 BBB- — 266,229 — — — — 266,229 Baa3.ar — 113,517 — — — — 113,517 B+ 511 — — — — — 511 B- — — — — — 3,098 3,098 CCC(arg) — — — — — 209,248 209,248 No Rating — — — — 70,097,764 — 70,097,764 Total 1,485,407 983,795 42,239 2,188,365 70,097,764 1,137,593 75,935,163 The credit quality of debt securities as of December 31, 2017 is as follows: Government Securities Rating Government Bonds Provincial Bonds Autonomous City of Aires Bonds Treasury Argentine Central Bank’s Bills Private Securities Total AAA 1,252,988 — — 7,848,448 — 224,986 9,326,422 AAA(arg) — — — — — 33,736 33,736 Aaa — — — — — 565 565 raAAA — — — — — 37,322 37,322 Aaa.ar — — — — — 117,712 117,712 AA+ — — 1,030,605 — — 122,603 1,153,208 AA — — — — — 864,685 864,685 AA(arg) — — — — — 54,610 54,610 Aa2.ar — — — — — 56,894 56,894 AA- — — 35,488 — — 274,928 310,416 Aa3.ar — — — — — 13,338 13,338 A+ — — — — — 188,641 188,641 A1.ar — — — — — 21,456 21,456 A — — — — — 24,040 24,040 A(arg) — — — — — 104,592 104,592 A2.ar — — — — — 3,783 3,783 A- — — — — — 55,729 55,729 A3.ar — 279,262 — — — — 279,262 BBB+ — — — — — 4,483 4,483 Baa1.ar — — 65,677 — — 216,292 281,969 BBB — 1,104 — — — — 1,104 raBBB — — — — — 1,506 1,506 Baa2.ar — 24,140 — — — — 24,140 BBB- — 1,289,436 — — — — 1,289,436 Baa3.ar — 2,096,012 — — — — 2,096,012 B2.ar — — — — — 5,348 5,348 B- — — — — — 29,711 29,711 No Rating — — — — 26,367,677 — 26,367,677 Total 1,252,988 3,689,954 1,131,770 7,848,448 26,367,677 2,456,960 42,747,797 Summary of credit risk The following disclosure presents the gross carrying/nominal amount of financial instruments to which the impairment requirements in IFRS 9 are applied and the associated allowance for ECL. Loans classified as uncollectible for 7 months are eliminated from the Group’s assets and are recognized in “Off-Balance The credit quality related to loans granted is detailed in Schedule B. The breakdown by term of “Net Loans and Other Financing” is detailed in Schedule D. Impairment of financial assets The “Expected Credit Loss” (“ECL”) model applies to financial assets which are valued at both amortized cost and fair value through OCI. The standard establishes three categories to classify financial instruments, primarily taking into account the credit risk evolution over time. Stage 1 includes financial assets with normal or no significant risk associated; Stage 2 includes financial assets for which a significant increase in credit risk (“SICR”) has been identified but they are not yet deemed to be credit-impaired and Stage 3 comprises financial assets which are impaired and/or subject to serious risk of impairment. To calculate the provisions for credit impairment risk, IFRS 9 differentiates between each of the three stages. The resulting concepts are explained as follows: • Expected Credit Losses within a 12-month • Lifetime Expected Credit Losses: ECL during the active period of the financial asset, which results of calculating the probability of impairment of an asset throughout its duration, up until its maturity. Instruments in Stage 2 or 3 have their ECL measured based on lifetime ECL. A pervasive concept in measuring ECL in accordance with IFRS 9 is that it should consider forward looking information. The Group has included below an explanation on how it has incorporated this in its ECL models. Grouping of instruments for losses measured on a collective basis For expected credit loss provisions modelled on a collective basis, a grouping of exposures is performed on the basis of shared risks characteristics, such that risk exposures within group are homogeneous. In performing this grouping, there must be sufficient information for the group to be statistically credible. Where sufficient information is not available internally, the Group has considered benchmarking internal/external supplementary data to use for modelling purposes. The Group has identified four groupings: Retail, Retail-like, Wholesale and Tarjeta Naranja, amongst these four segments the Group estimates parameters in a more granular way based on the shared risk characteristics. Stage classification Each subsidiary of Grupo Galicia classifies financial instruments subject to impairment under IFRS 9 in stages, as follows: • Stage 1: in the case of retail portfolios, it includes every operation up to 31 days past due. In the case of wholesale portfolios, it considers every client whose Central Bank of the Argentine Republic (B.C.R.A.) situation indicates a normal status (A 1 • Stage 2: considers two groups: • Portfolios between 31 and 90 days past due. • Probability of Default (“PD”) or Score with impairment risk. • For wholesale, it considers credit ratings for which the risk of default has increased significantly. • Stage 3: For retail portfolios, it includes every operation amounting 90 or more days past due. For wholesale portfolios, it considers every client whose B.C.R.A. situation indicates serious risk of bankruptcy (C, D, E, F). 1 The analysis of the customer’s cash flow shows that it is capable of attend adequately all its financial commitments. Significant Increase in credit risk The Group considers a financial instrument to have experienced a significant increase in credit risk when any of the following conditions exist: Retail Portfolio Lifetime PD band at initial recognition Extra conditions to be considered stage 2 <6% -Cure -Between 30 and 90 past due days >6% -It does not apply to defaulted clients Retail-like portfolio Rating Ranges Extra conditions to be considered stage 2 -Cure A, AA, AA+, B, BB, BBB -Between 30 and 90 past due days C, CC, CCC -It does not apply to defaulted clients Wholesale portfolio Rating Ranges Extra conditions to be considered stage 2 A, AA, AA+, B, BB, BBB - B.C.R.A. situation B1 C, CC, CCC -It does not apply to defaulted clients Definition of Default A financial asset is considered to be in default whenever a payment is more than 90 days past due, or if the Company considers the payment will not be fully reimbursed. However, given the credit analysis for wholesale loans is not managed and classified the same way as retail loans, the default definition associated to wholesale portfolios is ultimately linked to the individual analysis provided by credit analysts. The default definition has been applied consistently to model the Probability of Default (PD), Exposure at Default (EAD) and Loss given Default (LGD) throughout the Group’s expected loss calculations: • Probability of Default (“PD”): it represents the likelihood of a borrower defaulting on its financial obligation (as per the definition of default included above), either over the next 12 months or the remaining lifetime of the obligation. • Exposure at the moment of Default (“EAD”): it is based on the amounts the Group expects to be owed at the time of default, over the next 12 months or over the remaining lifetime. For example, for a revolving commitment, the Group includes the current draw down balance plus any further amount that it is expected to be drawn up to the current contractual limit by the time of default, should it occurred. • Loss given Default (“LGD”): represents the Group´s expectation of the extent of loss on a defaulted exposure. LGD varies by type of counterparty, type of seniority of claim and availability of collateral or other credit support. LGD is expressed as a percentage loss per unit of exposure at the time of default. LGD is calculated on a 12 month or lifetime basis, where 12-month An instrument is considered to no longer be in default when it no longer meets any of the default criteria above mentioned. Methodology for Expected Credit Loss estimation Expected credit loss impairment allowances recognized in the financial statements reflect the effect of a range of possible economic outcomes, calculated on a probability-weighted basis, based on the economic scenarios described below. The recognition and measurement of expected credit losses (‘ECL’) involves the use of significant judgment and estimation. It is necessary to formulate multiple forward-looking economic forecasts and incorporate them into the ECL estimates. Grupo Galicia uses a standard framework to form economic scenarios to reflect assumptions about future economic conditions, supplemented with the use of management judgment, which may result in using alternative or additional economic scenarios and/or management adjustments. IFRS 9 establishes the following standards regarding the estimation of credit loss: • An unbiased weighted probability index, determined by the evaluation of different outcomes. • Time value of money • Reasonable and sustainable information available at no additional cost or effort that provides evidence to support forecasts, as well as present conditions and past events. According to IFRS 9, the company prepared three different scenarios with different probabilities: a central scenario with 70 % probability of occurrence, a downside scenario with 15 % probability of occurrence and an upside scenario with 15 % probability of occurrence. In order to account for time value of money, the Company assumes expected losses will take place according to the PD behavior. The ECL is determined by projecting the PD, EAD and LGD for each future month or collective segment. These three components are multiplied together and adjusted for forward looking information. This effectively calculates an ECL for each future month, which is then discounted back to the reporting date and summed. The discount rate used in the ECL calculation is the original effective interest rate or an approximation thereof. Key macroeconomic variables used in the scenarios described below are shown in the table: Macroeconomic Variable Projections QI - 2019 QII - 2019 QIII - 2019 QIV - 2019 Monthly Estimator of Economic Activity (EMAE) Base -7.7 % -1.7 % -1.2 % 1.4 % Upside -6.6 % 0.6 % 2.3 % 6.2 % Downside -8.5 % -3.3 % -3.5 % -1.8 % Inflation Rate (IPC) Base 47.3 % 43.8 % 32.4 % 25.0 % Upside 43.5 % 38.0 % 26.0 % 20.0 % Downside 47.7 % 46.3 % 41.7 % 40.0 % Exchange Rate Base 99.2 % 58.5 % 14.3 % 20.0 % Upside 96.3 % 54.6 % 9.9 % 15.3 % Downside 115.8 % 84.3 % 40.6 % 56.7 % Unemployment Rate Base 13.1 % 4.0 % 0.3 % -4.3 % Upside 10.4 % -0.9 % -7.6 % -15.7 % Downside 22.9 % 22.5 % 30.0 % 38.6 % (Badlar) Base 79.7 % 22.7 % -16.4 % -29.2 % Upside 71.0 % 9.6 % -30.7 % -45.8 % Downside 102.7 % 57.0 % 21.2 % 14.6 % Real Salary Base -9.5 % -7.1 % 1.0 % 2.4 % Upside -8.8 % -6.5 % 2.6 % 4.3 % Downside -11.2 % -11.3 % -5.1 % -5.2 % PIB Base -7.0 % -1.5 % -0.1 % 2.6 % Upside -2.3 % 1.5 % 2.9 % 6.2 % Downside -7.1 % -3.7 % -3.5 % -1.8 % Current Account Base -64.9 % -87.2 % -45.0 % 19.1 % Upside -50.7 % -86.8 % -64.5 % 44.9 % Downside -54.6 % -97.8 % -92.9 % -77.8 % This variations were calculated bases on data from December-2018 Scenario Probabilities Base Optimistic Pessimistic Retail, Retail like and Wholesale 70 % 15 % 15 % Tarjeta Naranja 70 % 15 % 15 % Grupo Galicia has also carried out sensitivity analysis to assess the impact of volatility on macroeconomic variables on the result of the expected credit losses. Scenario 1 (change in the probability of the macroeconomic scenarios) Base scenario Sensitivity Regular scenario 70.0 % 45.0 % Positive scenario 15.0 % 10.0 % Negative scenario 15.0 % 45.0 % GFG ECL 15,782,416 16,547,663 Retail, Retail like and Wholesale ECL 10,475,119 10,596,393 Naranja ECL 5,307,297 5,497,757 Scenario 2 (change in forecast PIB, inflation, nominal Regular scenario Positive scenario Negative scenario Macroeconomic scenario probability 70.0 % 15.0 % 15.0 % Sensivity PIB 1.86 % 4.73 % -6.75 % Inflation 35 % 25 % 50 % Nominal exchange rate 29.87 % 20.00 % 81.82 % Unemployment 5 % 10 % 20 % Current account -11.21 % -29.25 % -82 % GFG ECL 16,515,901 Retail, Retail like and Wholesale ECL 11,193,327 Naranja ECL 5,322,574 Percentages refer to increase/decrease against real December 2018. Maximum exposure to credit risk Unless identified at an earlier stage, all financial assets are deemed to have suffered a significant increase in credit risk when they are 30 days past due (“DPD”) and are transferred from stage 1 to stage 2. The following disclosure presents the ageing of stage 2 financial assets. It distinguishes those assets that are classified as stage 2 when they are less than 30 days past due (1-29 The following table contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognized. Retail Portfolio December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 80,123,131 10,386,495 — 90,509,626 102,251,974 1-30 2,220,365 1,200,510 — 3,420,875 3,432,010 31-60 — 1,523,320 — 1,523,320 1,137,401 61-90 — 788,871 — 788,871 490,172 Default — — 3,381,057 3,381,057 2,606,255 Gross Carrying amount 82,343,496 13,899,196 3,381,057 99,623,749 109,917,812 Loss allowance 2,600,458 2,317,516 2,559,514 7,477,488 3,686,934 Carrying amount 79,743,038 11,581,680 821,543 92,146,261 106,230,878 Retail like Portfolio December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 29,273,332 3,102,719 — 32,376,051 30,599,160 1-30 866,912 457,755 — 1,324,667 711,005 31-60 — 336,258 — 336,258 136,622 61-90 — 261,908 — 261,908 97,848 Default — — 1,797,686 1,797,686 802,398 Gross Carrying amount 30,140,244 4,158,640 1,797,686 36,096,570 32,347,033 Loss allowance 266,947 280,127 1,179,706 1,726,780 965,360 Net Carrying amount 29,873,297 3,878,513 617,980 34,369,790 31,381,673 Wholesale Portfolio December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due A 135,513,044 6,048,342 5,413 141,566,799 130,441,016 B1 (2,237,665 ) 38,908 — (2,198,757 ) 77,335 Default — — 2,515,489 2,515,489 808,091 Gross Carrying amount 133,275,379 6,087,250 2,520,902 141,883,531 131,326,442 Loss allowance 525,757 77,364 667,730 1,270,851 750,612 Net Carrying amount 132,749,622 6,009,886 1,853,172 140,612,680 130,575,830 Naranja December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 36,512,083 3,023,795 — 39,535,878 43,394,982 1-30 2,571,877 946,869 — 3,518,746 3,389,912 31-60 — 1,701,948 — 1,701,948 1,128,408 61-90 — 939,523 — 939,523 526,990 Default — — 3,787,030 3,787,030 2,934,995 Gross Carrying amount 39,083,960 6,612,135 3,787,030 49,483,125 51,375,287 Loss allowance 1,376,585 1,842,615 2,088,097 5,307,297 3,877,715 Net Carrying amount 37,707,375 4,769,520 1,698,933 44,175,828 47,497,572 Retail Portfolio December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 90,744,245 11,507,729 — 102,251,974 77,585,443 1-30 2,266,370 1,165,640 — 3,432,010 4,686,395 31-60 — 1,137,401 — 1,137,401 1,109,964 61-90 — 490,172 — 490,172 511,715 Default — — 2,606,255 2,606,255 2,209,277 Gross Carrying amount 93,010,615 14,300,942 2,606,255 109,917,812 86,102,794 Loss allowance 1,093,601 917,070 1,676,263 3,686,934 3,448,164 Net Carrying amount 91,917,014 13,383,872 929,992 106,230,878 82,654,630 Retail like Portfolio December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 27,628,736 2,970,424 — 30,599,160 24,473,623 1-30 393,902 317,103 — 711,005 450,049 31-60 — 136,622 — 136,622 485,422 61-90 — 97,848 — 97,848 73,407 Default — — 802,398 802,398 472,030 Gross Carrying amount 28,022,638 3,521,997 802,398 32,347,033 25,954,531 Loss allowance 221,758 127,030 616,572 965,360 619,208 Net Carrying amount 27,800,880 3,394,967 185,826 31,381,673 25,335,323 Wholesale Portfolio December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due A 122,301,109 8,138,330 1,577 130,441,016 99,417,742 B1 — 77,335 — 77,335 319,115 Default — — 808,091 808,091 339,002 Gross C |
Contingencies and Commitments
Contingencies and Commitments | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Contingencies and Commitments | NOTE 47. CONTINGENCIES AND COMMITMENTS a) Tax Issues At the date of these consolidated financial statements, provincial tax collection authorities, as well as tax collection authorities from the Autonomous City of Buenos Aires, are in the process (in different degrees of completion) of conducting reviews and assessments mainly in respect of matters resulting from applying turnover tax. These proceedings and their possible effects are constantly being monitored. Even though it is considered that it has complied with its tax liabilities in full pursuant to current regulations, the provisions deemed adequate pursuant to the evolution of each proceeding have been set up. b) Consumer Protection Associations Consumer Protection Associations, on behalf of consumers, have filed claims against Banco Galicia with regard to the collection of certain financial charges. The Group believes that the resolution of these controversies will not have a significant impact on its financial condition. Penalties Imposed on Banco de Galicia y Buenos Aires S.A.U. and Summary Proceedings Commenced by the Argentine Central Bank The penalties imposed and the summary proceedings commenced by the Argentine Central Bank are detailed in Note 54. The provisions for contingencies recorded are as follows: 12.31.18 12.31.17 01.01.17 Other Contingencies 1,329,142 760,379 594,461 For Commercial Lawsuits/Legal Affairs 1,058,636 527,338 455,462 For Labor Lawsuits 96,311 52,095 41,408 For Claims and Credit Cards 1,097 1,620 2,021 For Guarantees Granted 1,142 1,686 2,104 For Other Contingencies 171,956 177,640 93,466 Termination Benefits 86,926 109,295 83,322 Court Deposits Dollarization Difference under Communiqué “A” 4686 27,949 20,229 21,296 Administrative, Disciplinary and Criminal Penalties 5,306 7,357 10,134 Total 1,449,323 897,260 709,213 |
Offsetting of Financial Assets
Offsetting of Financial Assets and Liabilities | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Offsetting of Financial Assets and Liabilities | NOTE 48. OFFSETTING OF FINANCIAL ASSETS AND LIABILITIES The disclosures in the following tables include financial assets and liabilities that: • are offset in the Group’s consolidated balance sheet; or • are subject to a master netting for offsetting required or similar agreement that covers similar financial instruments, regardless of whether they are offset in the consolidated balance sheet. Similar agreements include derivative offsetting agreements and master netting agreements with clearing houses. Similar financial instruments include derivatives, loans and other financing, and other financial liabilities. Financial instruments such as loans and deposits are not disclosed in the following tables since they are not offset in the consolidated balance sheet. The financial instruments subject to offsetting, master netting agreements and similar agreements as of December 31, 2018 are as follows: Amounts Subject to Netting Agreement Not Offset in the Financial Statements Total Net Amount Financial Instrument Gross Amount (a) Gross Net amounts (c)=(a)-(b) Financial Instruments (d) Cash Collaterals Received (c)-(d)-(e) Assets Loans and Other Financing Credit Card Loans 113,420,510 113,420,510 — 3,042,254 110,378,256 Derivative Financial Instruments 1,792,170 6,530 1,785,640 — 1,223,847 561,793 Total Assets Subject to Offsetting 115,212,680 6,530 115,206,150 — 4,266,101 110,940,049 Liabilities Derivative Financial Instruments 1,842,319 (6,530 ) 1,835,789 — 1,223,847 611,942 Liabilities from Financing of Credit Card Purchases 36,894,587 — 36,894,587 — 3,042,254 33,852,333 Total Liabilities Subject to Offset 38,736,906 (6,530 ) 38,730,376 — 4,266,101 34,464,275 |
Off-balance Sheet Items
Off-balance Sheet Items | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Off-balance Sheet Items | NOTE 49. OFF-BALANCE In the normal course of business and in order to meet customers’ financing needs, off-balance The same credit policies for agreed credits, guarantees and loan granting are used. Outstanding commitments and guarantees do not represent an unusually high credit risk. Agreed Credits They are commitments to grant loans to a customer in a future date, subject to compliance with certain contractual agreements that usually have fixed maturity dates or other termination clauses and may require a fee payment. Commitments are expected to expire without resorting to them. The total amounts of agreed commitments do not necessarily represent future cash requirements. Each customer’s solvency is evaluated case by case. Guarantees Granted The issuing bank commits to reimbursing the loss to the beneficiary if the secured debtor does not comply with its obligation upon maturity. Export and Import Documentary Credits They are conditional commitments issued by the Group to secure a customer’s compliance towards a third party. Responsibilities for Foreign Trade Transactions They are conditional commitments for foreign trade transactions. Our exposure to credit loss upon the other party’s default in the financial instrument is represented by the contractual notional amount of the same investments. The credit exposure for these transactions is detailed below. 12.31.18 12.31.17 01.01.17 Agreed Commitments 14,947,369 17,223,135 16,756,545 Export and Import Documentary Credits 1,080,047 2,005,839 1,198,508 Guarantees Granted 16,292,630 3,493,810 2,090,979 Responsibilities for Foreign Trade Transactions 234,609 674,101 1,080,067 The fees and commissions related to the items mentioned above as of the indicated dates were as follows: 12.31.18 12.31.17 For Agreed Credits 121,515 89,471 For Export and Import Documentary Credits 68,882 31,459 For Guarantees Granted 82,041 45,058 The credit risk of these instruments is essentially the same as that involved in lending credit facilities to customers. To grant guarantees to our customers, we may require counter-guarantees, which, classified by type, amount to: 3 12.31.18 12.31.17 01.01.17 Other Preferred Guarantees Received 6,796,492 67,032 111,747 Other Guarantees Received 296,362 471,506 445,115 Additionally, checks to be debited and credited, as well as other elements in the collection process, such as, notes, invoices and miscellaneous items, are recorded in memorandum accounts until the related instrument is approved or accepted. The risk of loss in these offsetting transactions is not significant. 12.31.18 12.31.17 01.01.17 Checks and Drafts to be Debited 3,448,362 3,110,534 3,710,115 Checks and Drafts to be Credited 4,443,878 4,553,727 4,716,211 Values for Collection 27,625,864 34,014,115 33,736,055 The Group acts as trustee by virtue of trust agreements to secure obligations derived from several agreements between parties. The amounts of trust funds and securities held in custody as of the indicated dates are as follows: 12.31.18 12.31.17 01.01.17 Trust Funds 5,868,530 13,165,493 15,077,049 Securities Held in Custody 432,046,616 552,773,188 476,985,232 These trusts are not included in the consolidation since the Group does not exert control on them. |
Transfer of Financial Assets
Transfer of Financial Assets | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Transfer of Financial Assets | NOTE 50. TRANSFER OF FINANCIAL ASSETS All transfers of financial assets qualify for derecognition of financial assets in their entirety. In derecognizing a financial asset, the difference between the carrying amount and the amount received as consideration is charged to income. The Group mainly makes non-recourse |
Non-controlling Interest
Non-controlling Interest | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Non-controlling Interest | NOTE 51. NON-CONTROLLING The following tables provide information about each subsidiary that has a non-controlling The non-controlling Company Place of Business 12.31.18 12.31.17 01.01.17 Cobranzas Regionales S.A. Córdoba – Argentina 17.00 % 23.00 % 23.00 % Galicia Broker Asesores de Seguros S.A. Autonomous City of Buenos Aires – Argentina 0.01 % 0.01 % 0.01 % Galicia Retiro Compañía de Seguros S.A. Autonomous City of Buenos Aires – Argentina 0.00 % 0.00 % 0.00 % Galicia Seguros S.A. Autonomous City of Buenos Aires – Argentina 0.00 % 0.00 % 0.00 % Galicia Valores S.A. Autonomous City of Buenos Aires – Argentina — — 0.09 % Ondara S.A. Autonomous City of Buenos Aires – Argentina 16.15 % 21.85 % 21.85 % Tarjetas del Mar S.A. Córdoba – Argentina — — 41.20 % Tarjeta Naranja S.A. Córdoba – Argentina 17.00 % 23.00 % 23.00 % Tarjetas Regionales S.A. Autonomous City of Buenos Aires – Argentina 17.00 % 23.00 % 23.00 % Changes in the Group’s non-controlling Company Balance as 12.31.17 Purchases / Sales Cash Dividends Share of Profit for the Balance as 12.31.18 Cobranzas Regionales S.A. 13,281 — — (1,665 ) 11,616 Galicia Broker Asesores de Seguros S.A. 2 — — — 2 Galicia Retiro Compañía de Seguros S.A. 2 — — — 2 Galicia Seguros S.A. 2 — — — 2 Ondara S.A. 7,074 — 52 (1,081 ) 6,045 Tarjeta Naranja S.A. 2,716,440 (770,472 ) (137,432 ) (318,010 ) 1,490,526 Tarjetas Regionales S.A. 216,679 — 40,591 (42,929 ) 214,341 Total 2,953,480 (770,472 ) (96,789 ) (363,685 ) 1,722,534 Company Balance as 01.01.17 Purchases / Sales Cash Dividends Share of Profit for the Balance as 12.31.17 Cobranzas Regionales S.A. 13,751 — — (470 ) 13,281 Galicia Broker Asesores de Seguros S.A. 2 — — — 2 Galicia Retiro Compañía de Seguros S.A. 2 — — — 2 Galicia Seguros S.A. 2 — — — 2 Galicia Valores S.A. 5,688 (5,688 ) — — — Ondara S.A. 6,801 — — 273 7,074 Tarjetas del Mar S.A. 91,871 (91,871 ) — — — Tarjeta Naranja S.A. 2,371,252 — (159,604 ) 504,792 2,716,440 Tarjetas Regionales S.A. 230,201 — 6,909 (20,431 ) 216,679 Total 2,719,570 (97,559 ) (152,695 ) 484,164 2,953,480 Summary information on subsidiaries is detailed in Note 16. |
Related Party Transactions
Related Party Transactions | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Related Party Transactions | NOTE 52. RELATED PARTY TRANSACTIONS Related parties are considered to be all those entities that directly, or indirectly through other entities, have control over another, are under the same controlling party or may have significant influence on another entity’s financial or operational decisions. The Group controls another entity when it has the power over other entities’ financial and operating decisions and also has a share of profits thereof. Additionally, the Group considers that it has joint control when there is an agreement between parties regarding the control of a common economic activity. Finally, those cases where the Group has significant influence is due to the capacity to take part in decisions about the company’s financial policy and operations. Those shareholders who hold an equity investment equal to or higher than 20% of the total votes of the Group or its subsidiaries are considered to have significant influence. To determine those situations, not only the legal aspects are observed, but also the nature and substance of the relationship. Furthermore, the key personnel of the Group’s Management (Board of Directors members and Managers of the Group and its subsidiaries), as well as the entities over which the key personnel may have significant influence or control are considered as related parties. 52.1. Controlling Entity The Group is controlled by: Name Nature Principal Line of Business Place of Business Equity Investment % EBA Holding S.A. 55.11% of voting rights Financial and Investment Operations Autonomous City of Buenos Aires – Argentina 19.71 % Key Personnel’s Compensation The compensation earned by the Group’s key personnel as of December 31, 2018 and December 31, 2017 amounts to $522,038 and $442,289, respectively. 52.2. Key Personnel’s Structure Key personnel’s structure as of the indicated dates is as follows: 12.31.18 12.31.17 Directors 67 67 General Manager 1 1 Division Managers 11 11 Department Managers 70 66 Total 149 145 52.3. Related Party Transactions The following table shows the total credit assistance granted by the Group to key personnel, syndics, majority shareholders, as well as all individuals who are related to them by a family relationship of up to the second degree of consanguinity or first degree by affinity (pursuant to the Argentine Central Bank’s definition of related individual) and any entity affiliated with any of these parties, not required to be consolidated. 12.31.18 12.31.17 Total Amount of Credit Assistance 956,439 999,909 Number of Recipients (Amounts) 329 364 - Natural Persons 269 299 - Entities / Corps. 60 65 Average Amount of Credit Assistance 2,907 2,748 Maximum Assistance 362,713 288,089 Financial assistance, including the one that was restructured, was granted in the ordinary course of business, on substantially the same terms, including interest rates and collateral, as those prevailing at the time for comparable transactions with other non-related The information about the credit assistance granted to affiliates based on the quality of receivables, their documentation and preferred guarantees is stated in Schedule N. 52.4. Amounts of Related Party Transactions The amounts of related party transactions conducted as of the indicated dates are as follows: 12.31.18 12.31.17 01.01.17 Assets Cash and Due from Banks 252,651 197,441 465,569 Debt Securities at Fair Value through Profit or Loss 141,610 264,821 1,399,877 Derivative Financial Instruments — 17,183 — Other Financial Assets 58,999 285,189 1,162,427 Loans and Other Financing 3,111,291 797,000 1,587,429 Other Debt Securities 131,767 76,305 — Other Non-financial (5 ) 6,539 (85,185 ) Total Assets 3,696,313 1,644,478 4,530,117 Liabilities Deposits 1,348,503 229,612 482,911 Derivative Financial Instruments — 17,183 200,917 Other Financial Liabilities 1,197,643 696,125 874,669 Loans from the Argentine Central Bank and Other Financial Institutions — 699 355,045 Debt Securities Issued 523,372 341,125 1,375,576 Liabilities for Insurance Contracts 43,295 34,704 75,273 Other Non-financial 26,827 (689,233 ) 223,599 Total Liabilities 3,139,640 630,215 3,587,990 12.31.18 12.31.17 Income (Loss) Net Income (Loss) from Interest 27,975 42,461 Net Fee Income (Expense) (1,166,922 ) (43,012 ) Net Income (Loss) from Instruments Measured at Fair Value through — 5,313 Underwriting Income from Insurance Business 1,257,000 1,602,674 Other Operating Income (Expense) 149,803 (1,588,821 ) Administrative Expenses (30,983 ) 29,072 Other Operating Expenses — 105 Total Income 236,873 47,792 |
Acquisition of Debt Securities
Acquisition of Debt Securities Under Section 35 BIS of Financial Institutions Law | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Acquisition of Debt Securities Under Section 35 BIS of Financial Institutions Law | NOTE 53. ACQUISITION OF DEBT SECURITIES UNDER SECTION 35 BIS OF FINANCIAL INSTITUTIONS LAW Banco Finansur S.A. was temporarily suspended to operate by the Argentine Central Bank from November 9, 2017 to February 9, 2018. On January 12, 2018, Banco Galicia reported about its participation in the process under Section 35 bis of Financial Institutions Law. In addition, on March 9, 2018, Banco Galicia reported that the Argentine Central Bank approved the transfer of certain secured liabilities of Banco Finansur S.A. in exchange for debt securities by creating a Private Financial Trust called Fidensur. Banco Galicia holds debt securities but it does not hold the participation certificate in the Financial Trust not it is the Beneficiary of the Financial Trust. As Consequence we understand that the Group is neither exposed to variable returns nor to the Trust’s residual risk. Therefore, the holding was recorded as an investment in a financial debt instrument measured at amortized cost. As a result of the foregoing, the trust was not consolidated in these consolidated financial statements. The Group recorded debt securities in the “Other Debt Securities” account, which are measured at amortized cost in the amount of $74,775 as of December 31, 2018. |
Additional Information Required
Additional Information Required by the Argentine Central Bank | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Additional Information Required by the Argentine Central Bank | NOTE 54. ADDITIONAL INFORMATION REQUIRED BY THE ARGENTINE CENTRAL BANK 54.1. CONTRIBUTION TO THE DEPOSIT INSURANCE SYSTEM Law No. 24485 and Decree No. 540/95 established the creation of the Deposit Insurance System to cover the risk attached to bank deposits, in addition to the system of privileges and safeguards envisaged in the Financial Institutions Law. The National Executive Branch through Decree No. 1127/98 established the maximum amount for this insurance system to demand deposits and time deposits denominated either in Pesos and/or in foreign currency. Such limit was set at $1,000 as from March 1, 2019. This system does not cover deposits made by other financial institutions (including time deposit certificates acquired through a secondary transaction), deposits made by parties related to the Bank, either directly or indirectly, deposits of securities, acceptances or guarantees and those deposits set up at an interest rate exceeding the one established regularly by the Argentine Central Bank. Deposits acquired through endorsement, placements made as a result of incentives other than interest rates and locked-up The monthly contribution institutions should make to the FGD is 0.015% on the monthly average of total deposits. 54.2. RESTRICTED ASSETS As of December 31, 2018, the ability to freely dispose of the following assets is restricted, as follows: Banco de Galicia y Buenos Aires S.A.U. a) Cash and Government Securities 12.31.18 12.31.17 01.01.17 For transactions carried out at RO.F.EX. 379,006 345,717 782,773 For repo transactions haircuts 584,631 185,799 336,918 For debit / credit cards transactions 2,151,565 1,748,680 1,370,107 For attachments 211 326 188 Liquidity required to conduct transactions as agents at the C.N.V. 20,410 25,233 33,752 For the contribution to the M.A.E.’ s Joint Guarantee Fund ( Fondo de Garantía Mancomunada 260,210 20,970 20,016 Collaterals of Inter-American Development Bank’s credit lines 85,067 — — Guarantees under the Regional Economies Competitiveness Program (PROCER, as per its initials in Spanish) 165,665 301,965 279,224 For other transactions 11,953 11,524 10,928 b) Special Guarantees Accounts Special guarantee accounts have been opened at the Argentine Central Bank as collateral for transactions involving electronic clearing houses, checks for settling debts and other similar transactions as of the indicated dates, which amount to: 12.31.18 12.31.17 01.01.17 Special Guarantees Accounts 5,188,169 5,329,804 4,285,315 c) Deposits in favor of the Argentine Central Bank 12.31.18 12.31.17 01.01.17 Unavailable deposits related to foreign exchange transactions 533 787 982 For custody and registrar agent of book-entry mortgage securities — — 4,164 Custody role of securities representing the investments in ANSES’s Sustainability Guarantee Fund (FGS, as per its initials in Spanish). — — 868,336 d) Equity Investments The account “Equity Investments” includes 1,222,406 non-transferable non-endorsable e) Contributions to Garantizar S.G.R.’s Risk Fund Banco de Galicia y Buenos Aires S.A.U., in its capacity as sponsoring partner of Garantizar S.G.R.’s Risk Fund, is committed to maintaining the contributions made to the fund for two (2) years. 12.31.18 12.31.17 01.01.17 Contributions to the Fund 390,000 224,421 184,255 f) Guarantees Granted for Direct Obligations 12.31.18 12.31.17 01.01.17 PROPARCO’s credit lines — 58,661 91,486 Credit Program granted to the province of San Juan — 75,211 60,316 Global Credit Program for the Micro-, Small- and Medium-sized — — 11,763 FMO’s credit lines — — 33,109 Financial assets were given as collateral as part of these agreements for loans borrowed by Banco Galicia related to first pledges. Galicia Valores S.A. 12.31.18 12.31.17 01.01.17 Liquidity required to conduct transactions as agents at the C.N.V. 9,568 6,792 7,232 Share of Mercado de Valores de Buenos Aires — — 3,961 Tarjeta Naranja S.A. 12.31.18 12.31.17 01.01.17 Attachments in connection with lawsuits 1,803 1,688 521 Guarantees related to lease agreements 4,993 6,870 7,593 For transactions carried out at RO.F.EX. — — 216,577 Galicia Administradora de Fondos S.A. 12.31.18 12.31.17 01.01.17 Liquidity required to operate as agent for the management of collective investment products corresponding to mutual funds, as required by the C.N.V. (*) 9,094,885 4,504,899 2,118,935 Tarjetas del Mar S.A. 12.31.18 12.31.17 01.01.17 Guarantees related to lease agreements (*) — — 171 Total restricted assets for the items stated in the subsidiaries mentioned above as of the indicated dates are as follows: 12.31.18 12.31.17 01.01.17 Total Restricted Assets 18,348,669 12,849,347 10,728,622 54.3. TRUST ACTIVITIES As of December 31, 2018, December 31, 2017 and January 1, 2017, the Group recorded participation certificates and debt securities of financial trusts held in its own portfolio for $6,301,550, $3,374,285 and $1,819,850 respectively. Trusts have been excluded from consolidation for neither has the Bank control over them nor has it any of the following: • power over the trust to run material activities; • exposure or right to variable returns; • capacity to have influence on the amount of returns to be received for the involvement. a) Trust Contracts for Purposes of Guaranteeing Compliance with Obligations: Purpose: In order to guarantee compliance with contractual obligations, the parties to these agreements have agreed to deliver to Banco de Galicia y Buenos Aires S.A.U., as fiduciary property, amounts to be applied according to the following breakdown: Date of Contract Trustor Balances of Trust Funds Maturity Date (1) 04.17.12 Exxon Mobil 5,310 04.19.19 04.29.13 Profertil 28 12.31.18 09.12.14 Coop. de Trab. Portuarios 1,033 09.12.20 04.14.16 Rios Belt 198 04.14.19 05.24.17 MSU 130 07.29.20 06.22.17 SACDE 1 06.22.20 06.28.17 Dist. Gas del Centro 258 12.31.18 07.19.17 Dist. Gas Cuyana 568 12.31.18 08.08.17 Dist. Gas del Centro 495 12.31.18 Total 8,021 (1) These amounts shall be released monthly until settlement date of trustor obligations or maturity date, whichever occurs first. b) Financial Trust Contracts: Purpose: To administer and exercise the fiduciary ownership of the trust assets until the redemption of debt securities and participation certificates: Date of Contract Trust Balances of Trust Funds Maturity Date (*) 12.06.06 Gas I 65,484 12.31.18 05.14.09 Gas II 5,545,230 12.31.22 02.10.11 Cag S.A. 421 12.31.18 06.08.11 Mila III 6,367 12.31.18 09.01.11 Mila IV 893 12.31.18 09.14.11 Cag S.A. II 638 12.31.18 02.13.14 Mila V 1,212 05.20.20 06.06.14 Mila VI 831 10.20.20 06.18.14 Red Surcos II 1,354 12.31.18 10.03.14 Mila VII 1,087 01.20.21 01.13.15 Red Surcos III 766 12.31.18 01.27.15 Mila VIII 4,417 06.15.21 05.18.15 Mila IX 4,074 09.15.21 08.24.15 Mila X 4,956 12.20.21 10.30.15 Mila XI 6,073 01.15.22 01.14.16 Mila XII 8,177 11.15.21 02.05.16 Red Surcos IV 900 12.31.18 05.13.16 Mila XIII 15,685 09.15.22 09.01.16 Mila XIV 17,252 01.31.23 10.27.16 Mila XV 23,714 03.31.23 01.10.17 Mila XVI 32,047 06.30.23 02.24.17 Mila XVII 52,113 09.30.23 05.29.17 Fedeicred Agro Series IV 121 12.31.18 06.12.17 Mila XVIII 62,932 01.31.24 06.21.17 Mas Cuotas Series VIII 743 12.31.18 08.16.17 Mas Cuotas Series IX 251 12.31.18 10.20.17 Mas Cuotas Series X 2,233 10.15.18 10.27.17 Mila XIX 450 05.31.24 02.16.18 Mila XX 88 09.30.24 Totals 5,860,509 (*) Estimated date, since maturity date shall occur at the time of the distribution of all of trust assets. c) Activities as Security Agent: c.1) Banco de Galicia y Buenos Aires S.A.U. has been appointed Security Agent of the National Treasury’s endorsement guarantees in favor of ENARSA (Energía Argentina S.A.) that were assigned in favor of Nación Fideicomisos S.A. in its capacity as Trustee of the “ENARSA-BARRAGAN” and “ENARSA-BRIGADIER LOPEZ” financial trusts. Said endorsement guarantees the secure payment of all obligations arising from the above-mentioned trusts. Banco de Galicia y Buenos Aires S.A.U., in its capacity as Security Agent, will take custody of the documents regarding the National Treasury’s endorsement guarantees and will be in charge of managing all legal and notarial proceedings with respect to the enforcement thereof. As of December 31, 2018, December 31, 2017 and January 1, 2017, the balances recorded from these transactions amount to US$1,364,097 and $408, respectively. c.2) In April 2013, at the time of entering into the Contract for the Fiduciary Assignment and Trust for Guarantee Purposes “Profertil S.A.”, Banco de Galicia y Buenos Aires S.A.U. was appointed security agent with regard to the Chattel Mortgage Agreement, a transaction that was completed on June 18, 2013, which additionally secures all the obligations undertaken. As of December 31, 2018, December 31, 2017 and January 1, 2017, the balances recorded from these transactions amount to US$116,500. All the transactions detailed above are recorded in off-balance d) Setting Up of Financial Trusts As of December 31, 2018, December 31, 2017 and January 1, 2017, the Group recorded participation certificates and debt securities of financial trusts held in its own portfolio for $5,042,730, $3,406,706 and $1,866,441 respectively. 54.4. COMPLIANCE WITH THE REGULATIONS 54.4.1. Agents – Minimum Liquidity Requirement Within the framework of Resolution No. 622/13 of the C.N.V., Banco de Galicia y Buenos Aires S.A.U. has been registered, in such agency’s registry, as settlement and clearing agent –comprehensive- No. 22 (ALyC and AN – INTEGRAL), custodial agent of collective investment products corresponding to mutual funds No. 3 (ACPIC FCI), and manager of collective investment products at the registry of financial trustees No. 54. As of December 31, 2018, Banco de Galicia y Buenos Aires S.A.U.’s Shareholders’ Equity exceeds that required by the C.N.V. to act as agent in the categories in which the Bank has been registered. Such requirement amounts to $32,000 with a minimum liquidity requirement of $16,000, which Banco de Galicia y Buenos Aires S.A.U. paid with Argentine Central Bank’s monetary regulation instruments, which are held in custody at Caja de Valores (Depositor No. 100100) in the amount of $20,410. Moreover, Galicia Valores S.A. has received the authorization to act as “Settlement and Clearing Agent and Trading Agent – Own”, as established by C.N.V.’s General Resolution No. 622/13. According to the minimum requirements established, the minimum shareholders’ equity required to act in this agent’s category amounts to $3,500 and the minimum liquidity amounts to $1,750. As of December 31, 2018, the minimum liquidity is made up of a sight account opened at Banco Galicia in the amount of US$70. 54.4.2. Custodial Agent of Collective Investment Products Corresponding to Mutual Funds Furthermore, in compliance with Section 7 of Chapter II, Title V of that Resolution, in its capacity as custodial agent of collective investment products corresponding to mutual funds (depository) of the “FIMA ACCIONES”, “FIMA P.B. ACCIONES”, “FIMA RENTA EN PESOS”, “FIMA AHORRO PESOS”, “FIMA RENTA PLUS”, “FIMA PREMIUM”, “FIMA AHORRO PLUS”, “FIMA CAPITAL PLUS”, “FIMA ABIERTO PYMES”, “FIMA MIX I”, “FIMA RENTA DÓLARES I” and “FIMA RENTA DOLARES II” funds, as of December 31, 2018, Banco de Galicia y Buenos Aires S.A.U. holds a total of 9,623,110,829 units under custody for a market value of $60,431,318, which is included in the “Depositors of Securities Held in Custody” account. As of previous fiscal year-end The balances of the Mutual Funds as of the indicated dates are detailed as follows: Mutual Fund 12.31.18 12.31.17 01.01.17 FIMA Acciones 328,125 609,485 217,062 FIMA P.B. Acciones 718,431 1,688,067 562,550 FIMA Renta en pesos 245,333 776,359 440,492 FIMA Ahorro pesos 9,891,974 30,744,494 29,398,557 FIMA Renta Plus 145,308 546,213 455,650 FIMA Premium 29,475,771 14,909,786 13,137,998 FIMA Ahorro Plus 9,967,609 25,452,146 18,784,320 FIMA Capital Plus 205,069 559,840 1,035,146 FIMA Abierto PyMES 312,788 390,089 344,786 FIMA Mix I 6,686 243,453 279,123 FIMA Renta Dólares I (*) 7,373,261 18,284,933 4,137,019 FIMA Renta Dólares II (*) 1,554,263 6,153,642 4,238 FIMA Renta Fija Internacional 193,618 — — FIMA Acciones Latinoamericanas Dólares (*) 13,082 — — Total 60,431,318 100,358,507 68,796,941 (*) Stated at the reference exchange rate of the U.S. Dollar set by the Argentine Central Bank. See Note 1.7.(b). All the transactions detailed above are recorded in off-balance The mutual funds detailed above have not been consolidated as the Group is not a controlling company thereof, since the depository role does not imply in this case: • power over the trust to run material activities; • exposure or right to variable returns; • capacity to have influence on the amount of returns to be received for the involvement. 54.4.3. Storage of Documents Pursuant to General Resolution No. 629 of the C.N.V., Banco de Galicia y Buenos Aires S.A.U. notes that it has supporting documents regarding accounting and management transactions, which are stored at AdeA (C.U.I.T. No. 30-68233570-6), 54.5. COMPLIANCE WITH MINIMUM CASH REQUIREMENTS: As of December 31, 2018, the balances recorded as computable items are as follows: Currency Government Securities Item $ US$ Euros (*) $ US$ Checking Accounts at the Argentine Central Bank 40,110,751 1,783,087 (1) 15 (3) — — Special Guarantees Accounts at the Argentine Central Bank 4,730,689 12,100 (2) — — — Argentine Treasury Bonds in Pesos at Fixed Rate Due November 2020 8,755,174 — — — — Liquidity Bills 20,804,813 — — — — 60 EM Subaccount in CRYL (Center of Registration and Settlement) of Government Securities and Debt Instruments Issued by the Argentine Central Bank — — — 1,032,796 364 (4) Total Computable Items to Meet Minimum Cash Requirements 74,401,427 1,795,187 15 1,032,796 364 (*) Stated in thousands of US$. (1) Equivalent to $67,415,488. (2) Equivalent to $457,480. (3) Equivalent to $580. (4) Equivalent to $13,876. 54.6. PENALTIES IMPOSED ON BANCO DE GALICIA Y BUENOS AIRES S.A.U. AND SUMMARY PROCEEDINGS COMMENCED BY THE ARGENTINE CENTRAL BANK Penalties Imposed on Banco de Galicia y Buenos Aires S.A.U. Existing as of December 31, 2018: U.I.F.’s Summary Proceedings No. 68/09. Summary Proceedings No. 1544: 54.7. ISSUANCE OF DEBT SECURITIES The issuance of debt securities is detailed in Notes 28 and 29. 54.8. RESTRICTIONS IMPOSED ON THE DISTRIBUTION OF PROFITS Pursuant to Section 70 of the General Corporations Law, Grupo Financiero Galicia S.A. should transfer 5% of the net income for the year to the Legal Reserve until 20% of the capital stock is reached, plus the balance of the Capital Adjustment account. With respect to Banco Galicia, the Argentine Central Bank regulations require that 20% of the profits shown in the Income Statement at fiscal year-end, year-end, This proportion applies regardless of the ratio of the Legal Reserve fund to Capital Stock. Should the Legal Reserve be used to absorb losses, earnings shall be distributed only if the value of the Legal Reserve reaches 20% of the Capital Stock plus the Capital Adjustment. The Argentine Central Bank sets rules for the conditions under which financial institutions can make distributions of profits. According to these rules, profits can be distributed as long as results of operations are positive after deducting not only the Reserves, which may be legally and statutory required, but also the following items from Retained Income: The difference between the carrying amount and the market value of public sector assets and/or debt instruments issued by the Argentine Central Bank not valued at market price, the amounts capitalized for lawsuits related to deposits and any unrecorded adjustments required by the external auditors or the Argentine Central Bank. Moreover, in order that a financial institution be able to distribute profits, said institution must comply with the capital adequacy rule, i.e. with the calculation of minimum capital requirements and the regulatory capital. For these purposes, this shall be done by deducting from its assets and Retained Income all the items mentioned in the paragraph above. Moreover, in such calculation, a financial institution shall not be able to compute the temporary reductions that affect minimum capital requirements, computable regulatory capital or its capital adequacy. Since January 2016, the Argentine Central Bank determined that banks shall meet an additional capital conservation buffer apart from the minimum capital requirement equal to 3.5% of risk-weighted assets. This shall be made up only of Tier 1 Common Capital, net of deductible items. Distribution of profits shall be restricted when the Bank’s computable regulatory capital level and structure is within the range of the capital conservation buffer. The prior authorization of the Argentine Regulatory Agency of Financial and Foreign Exchange Institutions (SEFyC, as per its initials in Spanish) shall not be required for the distribution of profits, except in the cases where a financial institution is within the capital conservation buffer and to determine distributable profits the Tier 1 common capital range had not been increased by 1 percentage point, net of deductible items. Such restriction was established until March 31, 2020. Tarjeta Naranja S.A.’s Ordinary and Extraordinary Shareholders’ Meeting held on March 16, 2006 decided to set the maximum limit for the distribution of dividends at 25% of the realized and liquid profits of each fiscal year. This restriction shall remain in force as long as the company’s Shareholders’ Equity is below $300,000. Pursuant to the Price Supplement of the Class XXXVII Notes, Tarjeta Naranja S.A. has agreed not to distribute dividends that may exceed 50% of the company’s net income. This restriction also applies in the event of any excess over certain indebtedness ratios. Notwithstanding the aforementioned, profits resulting from the first-time application of IFRS may not be distributed; instead, such profits, if any, will be appropriated to a special reserve recorded under equity which might only be released for capitalization purposes, or otherwise to offset potential losses. The Group may pay dividends to the extent that it has distributable retained earnings and distributable reserves calculated in accordance with the rules of the Argentine Central Bank described in Note 1.1. Therefore, retained earnings included in the consolidated financial statements may not be wholly distributable. Shareholders’ equity under the rules of the Argentine Central Bank comprise the following captions: 12.31.18 Share Capital 1,426,765 Additional paid in Capital 10,951,132 Adjustments to Shareholders´equity 278,131 Legal reserve 340,979 Distribuitable reserves 25,103,198 Non distributable reserves 2,770,380 Profit for the year 14,427,034 Total Shareholder’s equity under the rules of the Argentine Central Bank 55,297,619 Plan for the distribution of profits under the rules of the Argentine Central Bank comprise the following captions: Unappropriated Retained Income (1) 42,357,973 To Special Reserve “First-time Application of IFRS” (2) 2,827,741 Subtotal 39,530,232 Distributable Amount 39,530,232 Distributed Income To Discretionary Reserve 12,427,034 To Cash Dividends 2,000,000 To Common Shares (140.1773% of $1,426,765) 2,000,000 Unappropriated Retained Income (3) 37,530,232 (1) It includes Unappropiated Retained Earnings, plus Discretionary Reserve, less purchase of minority interest. (2) According to the provisions of Communiqué “A” 6618, such reserve, which includes the amount of income resulting from the first-time application of IFRS, shall be set at the first Shareholders’ Meeting to be held after fiscal year-end. (3) Relates to the Discretionary Reserve for Future Distributions of Profits. 54.9. CAPITAL MANAGEMENT AND CORPORATE GOVERNANCE TRANSPARENCY POLICY Grupo Financiero Galicia S.A. Board of Directors Grupo Financiero Galicia S.A.’s Board of Directors is the Company’s highest management body. It is made up of nine directors and three alternate directors, who must have the necessary knowledge and skills to clearly understand their responsibilities and duties within the corporate governance, and to act with the loyalty and diligence of a good businessman. As set out in its bylaws, the term of office for both directors and alternate directors is three (3) years; they are partially changed every year and may be reelected indefinitely. The Company complies with the appropriate standards regarding total number of directors, as well as the number of independent directors. Furthermore, its bylaws provide for the flexibility necessary to adapt the number of directors to the possible changes in the conditions in which the Company carries out its activities, from three (3) to nine (9) directors. The Board of Directors complies, in every relevant respect, with the recommendations included in the Code on Corporate Governance as Schedule IV to Title IV of the regulations issued by the National Securities Commission (Text amended in 2013). It also monitors the application of the corporate governance policies provided for by the regulations in force through the Executive Committee, the Audit Committee and the Committee for Information Integrity. Periodically, the Committees provide the Board of Directors with information, and the Board gets to know the decisions of each Committee. What is appropriate is transcribed in the minutes drafted at the Board of Directors’ meetings. Executive Committee In July 2018, Grupo Financiero Galicia S.A.’s Board of Directors approved the creation of the Executive Committee, along with its governing rules and regulations. It is made up of five directors, and the purpose of its creation is to contribute to the conduction of the Company’s ordinary business and the efficient performance of the Board of Directors’ duties. Audit Committee The Audit Committee set by Capital Markets Law No. 26831 and the C.N.V.’s regulations is formed by three directors, two of whom are independent, and meets the requirements set out in U.S. Sarbanes-Oxley Act. Such Committee’s mission is to provide the Board of Directors with assistance in overseeing the financial statements, as well as in the task of controlling Grupo Financiero Galicia and its subsidiaries. Committee for Information Integrity The Committee for Information Integrity was created in compliance with the recommendations of U.S. Sarbanes Oxley Act, and is made up of the General Manager, the Administrative and Finance Manager and two supervisors of the Administrative and Finance Division. Its most important duties are monitoring the Company’s internal controls, reviewing the financial statements and other information published, preparing Board of Directors’ reports with the activities carried out by the Committee. Its operation has been adapted to local laws and it currently performs important administrative and reporting duties, which are used by the Board of Directors and the Audit Committee, contributing to the transparency of the information provided to markets. Basic Holding Structure Grupo Financiero Galicia S.A. is a company whose sole purpose is to conduct financial and investment activities as per Section 31 of the General Corporations Law. That is to say, it is a holding company whose activity involves managing its equity investments, assets and resources. Within the group of companies in which the Company has an interest, Banco de Galicia y Buenos Aires S.A.U. stands out, which is its main asset and a wholly-owned subsidiary. Banco de Galicia y Buenos Aires S.A.U., as a bank institution, is subject to certain regulatory restrictions imposed by the Argentine Central Bank. Among such restrictions, there is one that limits the equity interest to a maximum of 12.5% of the capital stock in companies that do not perform activities qualified as supplementary. Therefore, Grupo Financiero Galicia S.A. directly and indirectly holds those equity interests in companies that carry out activities defined as non-supplementary. Grupo Financiero Galicia S.A. has a reduced structure due to its nature as holding company of a group of financial services. Accordingly, certain typical organizational aspects of large operating companies are not applicable thereto. To conclude, one should note that Grupo Financiero Galicia S.A. is under the control of a pure holding company, EBA Holding S.A., which has the number of votes necessary to hold the majority of votes at the Shareholders’ Meetings, although it does not have any managerial functions over the former. Compensation Systems Directors’ compensation is defined by the General Shareholders’ Meeting and is fixed within the limits established by law and the corporate bylaws. The Audit Committee expresses its opinion on whether compensation proposals for Directors are reasonable, taking into consideration market standards. Business Conduct Policy The Company has consistently shown respect for the rights of its shareholders, reliability and accuracy in the information provided, transparency as to its policies and decisions, and caution with regard to the disclosure of strategic business issues. Code of Ethics Grupo Financiero Galicia S.A. has a Code of Ethics formally approved that guides its policies and activities. It considers business objectivity and conflict-of-interests Banco de Galicia y Buenos Aires S.A.U. Banco Galicia’s Board of Directors is the Company’s highest management body. As of the date of preparation of these consolidated financial statements, it is made up of seven directors and four alternate directors, who have the necessary knowledge and skills to clearly understand their responsibilities and duties within the corporate governance, and act with the loyalty and diligence of a good businessman. Banco Galicia complies with the appropriate standards regarding total number of directors, as well as number of independent directors. Furthermore, its bylaws provide for the flexibility necessary to adapt from three (3) to nine (9) directors to the possible changes in the conditions in which the Bank carries out its activities. The General Shareholders’ Meeting has the power to establish the number of directors, both independent and non-independent As regards prevention of conflicts of interest, the provisions set forth in the General Corporations Law and the Capital Markets Law are applicable. As set out in the bylaws, the term of office for both directors and alternate directors is three years; two thirds of them (or a fraction of at least three) are changed every year and may be reelected indefinitely. The Board of Directors’ meeting is held at least once a week and when required by any director. The Board of Directors is responsible for the Bank’s general management and makes all the necessary decisions to such end. The Board of Directors’ members also take part, to a greater or lesser extent, in the commissions and committees created. Therefore, they are continuously informed about the Bank’s course of business and become aware of the decisions made by such bodies, which are transcribed into minutes. Additionally, the Board of Directors receives a monthly report prepared by the General Manager, the purpose of which is to report the material issues and events addressed at the different meetings held between the General Manager and Senior Management. The Board of Directors becomes aware of such reports, as evidenced in the minutes. In connection with directors’ training and development, the Bank has a program, which is reviewed every nine months, whereby they regularly attend courses and seminars of different kinds and subjects. According to the activities carried out by the Bank, effective laws and corporate strategies, the following committees have been created to achieve an effective control over all activities performed by the Bank: • Risk and Capital Allocation Committee It is in charge of approving and analyzing capital allocation, establishing risk policies and monitoring the Bank’s risk. • High Credit Committee This committee’s function is to approve and sign credit ratings and grant transactions related to high-risk groups and customers, i.e., greater than 2.5% of the Bank’s individual Computable Regulatory Capital, loans to financial institutions (local or foreign) and related customers, in which case two thirds of the Board of Directors is required to participate. • Low Credit Committee This committee’s function is to approve and sign the credit ratings and grant transactions related to medium-risk groups and customers, equal to amounts greater than 1% of the Bank’s individual Computable Regulatory Capital. • Asset and Liability Management Committee It is in charge of analyzing the fundraising and its placement in different assets, the follow-up • Information Technology Committee This Committee is in charge of supervising and approving the development plans of new systems and their budgets, as well as supervising these systems’ budget control. It is also responsible for approving the general design of the systems’ structure, the main processes thereof and the systems implemented, as well as monitoring the quality of the Bank’s systems, within the policies established by the Board of Directors. • Audit Committee The Audit Committee is responsible for helping the Board of Directors, in performing the control function of the Bank and its controlled companies and the companies in which it owns a stake, in order to fairly ensure the following objectives: • Effectiveness and efficiency of operations; • Reliability of the accounting information; • Compliance with applicable laws and regulations; and • Compliance with the goals and strategy set by the Board of Directors. • Committee for the Control and Prevention of Money Laundering and Funding of Terrorist Activities (CPLA/FT, as per its initials in Spanish) It is in charge of planning, coordinating and ensuring compliance with the policies on anti-money laundering and funding of terrorist activities set and approved by the Board of Directors. • Committee for Information Integrity It is in charge of encouraging compliance with the provisions of Sarbanes-Oxley (2002). • Human Resources and Governance Committee It is in charge of presenting the succession of the General Manager and Division Managers, analyzing and establishing the General Manager’s and Division Managers’ compensation, and monitoring the performance matrix of Department and Division Managers. • Performance Reporting Committee It is in charge of monitoring the performance and results of operations, and evaluating the macro situation. • Liquidity Crisis Committee It is in charge of evaluating the situation upon facing a liquidity crisis and deciding the steps to be implemented to tackle it. • Strategy and New Businesses Committee It is in charge of analyzing new businesses. • Compliance Committee It is in charge of instilling respect for Banco Galicia’s rules, code of conduct and ethics, and mitigating the risk of default, by defining policies and establishing controls and reports in the best interests of the Bank and its employees, shareholders and customers. • Committee for the Protection of Users of Financial Services It is responsible for following up on the activities developed by Banco Galicia’s management involved in user protection internal processes to ensure adequate compliance with legal and regulatory standards. The Bank considers the General Manager and Division Management reporting to the General Manager as Senior Management. These are detailed as follows: • Retail Banking Division • Wholesale Banking Division • Finance Division • Comprehensive Corporate Services Division • Organizational Development and Human Resources Division • Risk Management Division • Strategic Planning and Management Control Division • Customer’s Experience Division Senior Management’s main duties are as follows: • Ensure that the Bank’s activities are consistent with the business strategy, the policies approved by the Board of Directors and the risks to be assumed. • Implement the necessary policies, procedures, processes and controls to manage operations and risks cautiously, meet the strategic goals set by the Board of Directors and ensure that the latter receives material, full and timely information so that it may assess management and analyze whether the responsibilities assigned are effectively fulfilled. • Monitor the managers from different divisions, in line with the policies and procedures set by the Board of Directors and establish an effective internal control system. Basic Holding Structure The Bank’s majority shareholder is G |
Subsequent Events
Subsequent Events | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Subsequent Events | NOTE 55. SUBSEQUENT EVENTS Prisma Medios de Pago S.A. Under the framework of the divestment commitment undertaken by Prisma Medios de Pago S.A. and its shareholders towards the Argentine Commission of Competence Defense, on January 21, 2019, Banco Galicia, along with the other shareholders, accepted an offer made by AI Zenith (Netherlands) B.V. to buy 3,182,444 book-entry common shares, with face value of $1 each and one vote per share, representing 7.7007% of this company’s capital stock. The estimated total price of the transaction amounted to US$106,258, out of which Banco Galicia received US$ 63,073 on February 1, 2019 (date on which the shares were transferred). The price remainder, i.e. US$43,185, will be payable during the next five years: (i) 30% will be payable in Pesos at UVA rate, plus an annual nominal 15% rate and (ii) 70% will be payable in US Dollars at an annual nominal 10% rate. Banco Galicia continues to hold 3,057,642 shares in Prisma Medios de Pago S.A., which represent 7.3988% of its capital stock. |
Accounting Policies and Basis_2
Accounting Policies and Basis for Preparation (Policies) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) | 1.1. FIRST-TIME ADOPTION OF INTERNATIONAL FINANCIAL REPORTING STANDARDS (IFRS) These consolidated financial statements have been prepared in accordance and in compliance with the International Financial Reporting Standards issued by the IASB and the interpretations of the IFRIC (jointly, “IFRS”). All the IFRSs in force as of the date of preparation of these consolidated financial statements have been applied. The Group has applied IFRSs for the first time during the fiscal year starting on January 1, 2018, the transition date being January 1, 2017. In the light of the fact that the Group is subject to the provisions of Article 2 – Section I – Chapter I of Title IV: Periodical Reporting Requirements of the National Securities Commission (“C.N.V.”) regulations, it is also required to present its financial statements in accordance with the valuation and disclosure criteria set forth by the Argentine Central Bank. As required by the aforementioned article, we hereby report that: • Grupo Financiero Galicia S.A.’s corporate purpose is exclusively related to financial and investment activities; • The equity investment in Banco de Galicia y Buenos Aires S.A.U. and Tarjetas Regionales S.A., the latter being subject to the consolidated supervision requirements laid down by the Argentine Central Bank (Communiqué “A” 2989, and complementary), accounts for 94.68% of Grupo Financiero Galicia S.A.’s assets, being the Company’s main asset. • 110.29% of Grupo Financiero Galicia S.A.’s income is derived from its share of profit (loss) in the entities referred to in the preceding paragraph; • Grupo Financiero Galicia S.A. has a 100% equity interest in Banco de Galicia y Buenos Aires S.A.U. and an 83% equity interest in Tarjetas Regionales S.A., thus having control over both entities. The Argentine Central Bank, through Communiqué “A” 5541, as amended, set forth a convergence plan towards the application of International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (IASB) and the interpretations issued by the International Financial Reporting Interpretations Committee (IFRIC), for entities under the its supervision, effective for fiscal years commencing January 1, 2018. The convergence plan had two exceptions to the application of IFRS: (i) item 5.5 (Impairment) of IFRS 9 “Financial Instruments”, and (ii) IAS 29 “Financial Reporting in Hyperinflationary Economies”, both of which were waived until January 1, 2020, at which time entities will be required to apply the provisions of IFRS in full. The Group has presented its local financial statements under these rules on March 7, 2019. Shareholders’ equity under the rules of the Argentine Central Bank is presented in Note 54. The Group’s consolidated financial statements for the fiscal year ended December 31, 2018 have been prepared in accordance with IFRS 1 “First-time Adoption of International Financial Reporting Standards.” Comparative figures and figures as of the transition date (January 1, 2017) have been modified conform to IFRS. Note 3 presents a reconciliation of the figures disclosed in the consolidated balance sheet, consolidated statement of comprehensive income, consolidated statement of other comprehensive income, and consolidated statement of cash flows comprising the consolidated financial statements issued under the prior accounting framework to the figures in accordance with IFRS, as well as the effects of adjustments to cash flows as of the transition date (January 1, 2017) and as of the adoption date (December 31, 2017). It has been concluded that these consolidated financial statements fairly present the Group’s financial position, financial performance and cash flows, in accordance with IFRS. |
BASIS FOR PREPARATION | 1.2. BASIS FOR PREPARATION These consolidated financial statements have been prepared in accordance with IFRS. The preparation of financial statements in conformity with IFRS requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the Groups´ accounting policies. The areas involving higher degree of judgement or complexities or areas where assumptions and estimates are significant to the consolidated financial statements are disclosed in Note 2. |
Going Concern | (a) Going Concern As of the date of these consolidated financial statements, there are no uncertainties related to events or conditions that may cast significant doubt upon the Group´s ability to continue as a going concern. |
Measurement Unit | (b) Measurement Unit IAS 29 “Financial Reporting in Hyperinflationary Economies” requires that the financial statements of an entity whose functional currency is that of a hyperinflationary economy be restated in terms of the current measurement unit as of the reporting period-end, non-monetary Non-monetary non-monetary In order to conclude whether a given economy qualifies as hyperinflationary pursuant to the terms of IAS 29, the standard sets forth certain factors that should be considered, including a three-year cumulative inflation rate reaching or exceeding 100%. In this regard, the Argentine Federation of Professional Councils in Economic Sciences (F.A.C.P.C.E.) through Resolution J.G.539/18 and the Professional Council in Economic Sciences of the Autonomous City of Buenos Aires (C.P.C.E.C.A.B.A.) through Resolution C.D. 107/2018 have pointed out that, effective for fiscal years ending on July 1, 2018 and thereafter, entities reporting under IFRS will be required to apply IAS 29 since the conditions for such application have been satisfied. In addition, Law No. 27468 enacted in November 2018 abrogated the prohibition to present the financial statements adjusted for inflation, as established by Decree 664/2003, entrusting each regulatory agency with its application. In this regard, on December 26, 2018, the C.N.V. issued General Resolution No. 777/2018 authorizing the issuing entities to present accounting information in constant currency for annual financial statements for interim and special periods ending on December 31, 2018 and thereafter, except for financial institutions and insurance companies. On February 22, 2019, through Communiqué “A” 6651, the Argentine Central Bank established that entities subject to its control shall restate the financial statements into constant currency for the fiscal years commencing January 1, 2020. However the Group has applied IAS 29 in these consolidated financial statements in order for them to comply with IFRS. |
Changes in Accounting Criteria/New Accounting Standards | (c) Changes in Accounting Criteria/New Accounting Standards Certain new accounting standards and interpretations have been published that are not mandatory for December 31, 2018 reporting periods and have not been early adopted by the Group. The Group’s assessment of the impact of these new standards and interpretations is set out below. IFRS 16 “Leases”: low-value The application of such standard is expected to cause an increase of about $2.500 million in total assets for recording the right of use of assets net of their accumulated depreciation, coupled with an increase for the same amount in liabilities for recording the financial liability arising from the lease. IFRS 17 “Insurance Contracts”: non-financial IFRIC 23 “Uncertainty over Income Tax Treatment”: Prepayment Features with Negative Compensation – Amendments to IFRS 9: Investments in Associates and Joint Ventures – Amendments to IAS 28: Annual Improvements to IFRS 2015–2017 Cycle: • IFRS 3: The amendments to IFRS 3 clarified that obtaining control of a joint operation is a business combination achieved in stages. • IFRS 11: The amendments to IFRS 11 clarified that the party obtaining control of a business that is a joint operation should not remeasure its previously held interest in that joint operation. • IAS 12: The amendments to IAS 12 clarified that the tax consequences of dividends on financial instruments classified as equity should be recognized according to where the past transactions or events that generated distributable profits where recognized. These requirements apply to all income tax consequences of dividend. • IAS 23: The amendments to IAS 23 clarified that if a specific borrowing remains outstanding after the related qualifying asset is ready for its intended use or sale, then that borrowing becomes part of general borrowings. Entities are required to apply these amendments for fiscal years commencing on or after January 1, 2019. The Group believes that the application of this standard would not have a material impact. There are no other IFRS or IFRIC interpretations that are not yet effective and that would have a material impact on the Group. |
CONSOLIDATION | 1.3. CONSOLIDATION Subsidiaries are all entities, including structured entities, over which the Group has control. The Group controls an entity when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. The existence and effect of substantive rights, including potential voting rights, is taken into account when assessing whether the Group has control over another entity. In order for a right to be substantive, it must be exercisable by its holder when decisions about the direction of the entity’s relevant activities need to be made. The Group may have control over an entity, even if it is entitled to less than a majority of voting rights. In addition, other investors’ protective rights, such as those related to substantive changes to the investee’s activities or only applicable under exceptional circumstances, do not prevent the Group from having power over an investee. Subsidiaries are fully consolidated from the date on which control is transferred to the Group. They are deconsolidated from the date that control ceases. The following table shows the subsidiaries consolidated into the Group’s consolidated financial statements, at their different levels: Percentage Interest (%) Local and 12.31.18 12.31.17 01.01.17 Company Country Functional Currency Closing Date Direct Direct and Indirect Direct Direct and Indirect Direct Direct and Indirect Banco de Galicia y Buenos Aires S.A.U. Argentina ARP 12.31.18 100 100 100 100 100 100 Cobranzas Regionales S.A. Argentina ARP 12.31.18 — 83 — 77 — 77 Galicia Administradora de Fondos S.A. Argentina ARP 12.31.18 95 100 95 100 95 100 Galicia Broker Asesores de Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Retiro Compañía de Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Valores S.A. Argentina ARP 12.31.18 1 100 1 100 — 100 Galicia Warrants S.A. Argentina ARP 12.31.18 87.5 100 87.5 100 87.5 100 Financial Trust Galtrust I Argentina ARP 12.31.18 — — — 100 — 100 Financial Trust Saturno Créditos Argentina ARP 12.31.18 — 100 — 100 — 100 Net Investment S.A. (in Liquidation) (*) Argentina ARP 12.31.18 — — 87.5 100 87.5 100 Ondara S.A. Argentina ARP 12.31.18 — 83.9 — 78.2 — 78.2 Sudamericana Holding S.A. Argentina ARP 12.31.18 87.5 100 87.5 100 87.5 100 Tarjeta Naranja S.A. Argentina ARP 12.31.18 83 83 — 77 — 77 Tarjetas del Mar S.A. Argentina ARP 12.31.18 — — — — — 60 Tarjetas Regionales S.A. Argentina ARP 12.31.18 83 83 — 77 — 77 (*) The final distribution was paid out on January 9, 2018. As a result of the application of IFRS 10 “Consolidation,” the Group has started to consolidate Financial Trusts Saturno Créditos and Financial Trust Galtrust I in its consolidated financial statements, and deconsolidated Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A., as these two companies have been classified as held for sale as of December 31, 2017 and January 1, 2017. For purposes of consolidation, the Group used the subsidiaries’ financial statements for the fiscal year ended December 31, 2018. Accounting policies of Sudamericana Holding S.A. have been adjusted in order for them to reflect similar criteria to those applied by the Group in preparing its consolidated financial statements. Intercompany transactions, balances and unrealised gains on transactions between Group companies are eliminated. Non-controlling According to the provisions set forth in IFRS 3 “Business Combinations,” the acquisition of subsidiaries is accounted for by applying the acquisition method. Identifiable assets acquired and liabilities and contingent liabilities assumed in a business combination are, with limited exceptions, measured initially at their fair values at the acquisition date. Goodwill is measured as the difference, as of the acquisition date, of the identifiable assets acquired, the liabilities assumed, the value of the consideration transferred, the amount of the non-controlling The consideration transferred in a business combination is measured at the fair value of the assets transferred by the acquirer, the liabilities assumed, and the equity instruments issued by the acquirer. Transaction costs are recognized as expenses in the periods in which costs were incurred and services were received, other than transaction costs incurred in issuing equity instruments which are deducted from equity and the transaction costs incurred in issuing debt instruments, which are deducted from their carrying amount. |
TRANSACTIONS WITH THE NON-CONTROLLING INTEREST | 1.4. TRANSACTIONS WITH NON-CONTROLLING The Group treats transactions with non-controlling non-controlling non-controlling |
ASSOCIATES | 1.5. ASSOCIATES Associates are entities over which the Group has significant influence (either directly or indirectly), but not control joint control. This is generally the case where the Group holds between 20 and 50% interest in voting rights. Investments in associates are accounted for using the equity method and are initially recognized at cost. The carrying amount of associates includes the goodwill identified in the acquisition, net of accumulated impairment losses, if any. Dividends received from associates reduce the carrying amount of the investment. Other changes subsequent to the acquisition of the Group’s interest in an associate’s net assets are recognized as follows: (i) the Group’s interest in the profits or losses of the associates is accounted for in the income statement under Share of Profit from Associates and Joint Ventures, and (ii) the Group’s interest in other comprehensive income is recognized in the consolidated statement of other comprehensive income and is disclosed separately. However, when the Group’s share of losses in an associate equals or exceeds its interest the entity, the Group does not recognize further losses, unless it has incurred obligations or made payments on behalf of the other entity. Unrealized gains on transactions between the Group and its associates are eliminated to the extent of the Group’s interest in the associate; unrealized losses are also eliminated, provides evidence of an impairment of the asset transferred. |
SEGMENT REPORTING | 1.6. SEGMENT REPORTING An operating segment is a component of an entity (a) that engages in business activities from which it may earn revenues and incur expenses (including revenues and expenses relating to transactions with other components of the same entity), (b) whose operating results are regularly reviewed by the Group’s CODM (chief operating decision maker) to make decisions about resources to be allocated to the segment and assess its performance, and (c) for which discrete financial information is available. Operating segments are reported consistently with the internal reports submitted to the Board of Directors (CODM of the Group), which is responsible for making the Group’s strategic decisions, allocating resources and assessing the performance of the operating segments. |
FOREIGN CURRENCY TRANSLATION | 1.7. FOREIGN CURRENCY TRANSLATION (a) Functional and Presentation Currency The figures disclosed in the consolidated financial statements for each of the Group’s entities are measured in their functional currency, that is, the currency of the main economic environment in which they operate. These consolidated financial statements are stated in Argentine Pesos, which is the Group’s functional and presentation currency. (See Note 1.2). (b) Transactions and Balances Foreign currency transactions are translated into the functional currency using the exchange rates at the dates of the transactions. Foreign exchange gains and losses resulting from the settlement of such transactions and from the translation of monetary assets and liabilities denominated in foreign currencies at year end exchange rates are generally recognized in the income statement under “Gold and Foreign Currency Quotation Differences,”. They are deferred in equity if they relate to qualifying cash flow hedges and qualifying net investment hedges or are attributable to part of the net investment in a foreign operation. Assets and liabilities in foreign currency are measured at the reference exchange rate of the U.S. dollar set by the Argentine Central Bank prevailing at the close of operations on the last working day of each month. As of December 31, 2018, December 31, 2017, and January 1, 2017, balances in U.S. Dollars were converted applying the reference exchange rate ($37.8083, $18.7742 and $15.8502, respectively) set by the Argentine Central Bank. Assets and liabilities valued in foreign currencies other than the U.S. Dollar were converted into the latter currency using swap rates reported by the Argentine Central Bank. |
CASH AND DUE FROM BANKS | 1.8. CASH AND DUE FROM BANKS The item Cash and Due from Banks includes cash available and unrestricted deposits held in banks, which are short-term liquid instruments and have original maturities of less than three months. The assets disclosed under cash and cash equivalents are accounted for at amortized cost which approximates its fair value. |
FINANCIAL INSTRUMENTS | 1.9. FINANCIAL INSTRUMENTS Initial Recognition The Group recognizes a financial asset or liability in its consolidated financial statements, as the case may be, when it becomes a party to the contractual provisions of the instrument. Regular way purchases and sales of financial assets are recognized on trade-date, the date on which the group commits to purchase or sell the asset. Upon initial recognition, the Group measures financial assets and liabilities at fair value, plus or less, in the case of instruments that are not recognized at fair value through profit or loss, the transaction costs directly attributable to the acquisition, such as fees and commissions. Where the fair value differs from the acquisition cost at the time of initial recognition, the Group recognizes the difference as follows: a. When the fair value is evidenced by a quoted price in an active market for an identical asset or liability, or is based on a valuation technique that uses only data from observable markets, the difference is recognized as profit or loss, as the case may be. b. In all other cases, the difference is deferred. After initial recognition, the entity shall recognize that deferred difference as a gain or loss only to the extent that it arises from a change in a factor (including time) that market participants would take into account when pricing the asset or liability. Financial Assets a. Debt Instruments The Group classifies as debt instruments such instruments that are considered financial liabilities for the issuer, including loans, government and private securities, bonds, and accounts receivable from customers. Classification As set out in IFRS 9, the Group classifies financial assets as subsequently measured at amortized cost, at fair value through in other comprehensive income or at fair value through profit or loss, on the basis of: • the Group’s business model to manage financial assets; and • the characteristics of contractual cash flows of the financial asset. Business Model The business model is the manner in which the Group manages a set of financial assets to achieve a specific business goal. It represents the manner in which the Group manages its financial assets in order to generate cash flows. The Group may follow several business models; whose objective is: • Holding instruments to collect its contractual cash flows; • Holding instruments in portfolio to collect contractual cash flows and, in turn, sell them if deemed convenient; or • Holding instruments for trading. The Group’s business model does not depend on the intended purpose of an individual instrument. Accordingly, this condition is not an approach for classification of instruments on an individual basis. Instead, such classification is determined at a higher level of aggregation. The Group only reclassifies an instrument if and when the business model for managing financial assets has changed. Such reclassification takes place as from the commencement of the period in which the change has occurred. Such changes are not expected to be frequent, with no changes having occurred during the fiscal year. Characteristics of Contractual Cash Flows The Group assesses whether the cash flows from the aggregated instruments represent payments of solely principal and interest on the principal amount outstanding; otherwise, such instruments should be measured at fair value through profit or loss. Based on the aforementioned, Financial Assets are classified into three categories: (i) Financial assets measured at amortized cost: Financial assets are measured at amortized cost when: (a) the financial asset is held within a business model whose objective is to maintain financial assets to collect contractual cash flows; and (b) the contractual conditions of the financial asset give rise, on certain specified dates, to cash flows which are solely payments of principal and interest on the outstanding principal amount. These financial instruments are initially recognized at fair value plus the incremental and directly attributable transaction costs, and are subsequently measured at amortized cost. The amortized cost of a financial asset is equal to its acquisition cost, net of accumulated amortization plus accrued interest (calculated applying the effective rate method), net of impairment losses, if any. (ii) Financial assets at fair value through other comprehensive income: Financial assets are measured at fair value through other comprehensive income when: (a) the financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets; and (b) the contractual conditions of the financial asset give rise, on certain specified dates, to cash flows which are only principal and interest payments on the outstanding principal amount. These instruments are initially recognized at fair value plus the incremental and directly attributable transaction costs, and are subsequently measured at fair value through other comprehensive income. The gains and losses arising from the changes in fair value are included in other comprehensive income under a separate component of equity. Losses or impairment reversals, interest income, and exchange gains and losses are charged to income. Upon the sale or disposal of the instrument, the accumulated gains or losses previously recognized in other comprehensive income are reclassified from the income statement. (ii) Financial assets at fair value through profit or loss: Financial assets at fair value through profit or loss are: • Instruments held for trading; • Instruments specifically designated at fair value through profit or loss; and • Instruments whose contractual terms do not represent cash flows but rather principal or interest payments only on outstanding principal amount. These financial instruments are initially recognized at fair value and any fair value measurement is charged to the income statement. The Group classifies a financial instrument as held for trading if such instrument is acquired or incurred for the main purpose of selling or repurchasing it in the short term, or if it is part of a portfolio of financial instruments which are managed together and for which there is evidence of short-term profits, or if it is a derivative financial instrument not designated as a hedging instrument. Derivatives and trading securities are classified as held for trading and are measured at fair value. Furthermore, financial assets may be measured at fair value through profit or loss when, in doing so, the Group eliminates or substantially reduces a measurement or recognition inconsistency. b. Equity Instruments Equity instruments are those considered as such by the issuer; in other words, instruments which do not include a contractual obligation to pay cash and which evidence a residual interest on the issuer’s assets after deducting all of its liabilities. Such instruments are measured at fair value through profit or loss, except where management has used, at the time of their initial recognition, the irrevocable option to measure them at fair value through other comprehensive income. This option is only available when instruments are not held for trading. The gains or losses of these instruments will be recognized in Other Comprehensive Income, with no reclassification, to profit or loss even if when they are realized. Dividends receivable from such instrument will be charged to income only at the time the Group becomes entitled to receive payment. Financial Liabilities Classification The Group classifies its financial liabilities at amortized cost using the effective interest rate method, except for: • Financial liabilities measured at fair value through profit or loss, including derivative financial instruments. • Liabilities resulting from the transfer of financial assets that do not meet the derecognition criteria. • Financial guarantee contracts. • Loan commitments at lower than market rates. Financial liabilities measured at fair value through profit or loss: The Group may, upon initial recognition, use the irrevocable option to designate a financial liability at fair value through profit or loss, if and only if exercising such option results in a better information because: • the Group eliminates or substantially reduces measurement or recognition inconsistencies which would otherwise arise; • if financial assets and liabilities or a group of financial assets or liabilities are managed and performance is assessed on a fair value basis, according to a documented investment or risk management strategy; or • if a host contract contains one or more embedded derivatives and the Company has opted for designating the entire contract at fair value through profit or loss. Financial guarantee contracts: Financial guarantee contracts require the issuer to make specified payments to reimburse the holder for a loss it may incur if a specified debtor fails to make payment when due under a debt instrument´s original modified terms. Financial guarantee contracts and loan commitments at lower than market rates are initially measured at fair value and then remeasured at the higher of the unaccrued premium at year-end Derecognition of Financial Instruments Financial Assets A financial asset or, where applicable, a portion of a financial asset or a portion of a group of similar financial assets, is derecognized when: (i) the rights to receive cash flows from the asset have expired; or (ii) the Group has transferred its rights to receive cash flows from the asset or has assumed the obligation to remit all cash flows received to a third party without material delay under a pass-through agreement ; and substantially all risks and rewards inherent to the asset have been transferred or, if substantially all risks and rewards inherent to the asset have not been transferred or retained, when control over such asset has been transferred. When the contractual rights to receive the cash flows generated by the asset have been transferred or a pass-through agreement has been entered into, the entity will assess whether or not, and to which extent, it has retained the risks and rewards inherent to ownership of an asset. If an entity has neither transferred nor retained substantially all risks and rewards inherent to ownership of an asset, nor has it transferred control over such asset, then it will continue recognizing such asset in its financial statements to the extent of its continuing involvement. In this case, the entity will also recognize the related liability. The transferred asset and the related liability are measured in such a manner as to reflect the rights and obligations the Group has retained. When continuing involvement takes the form of collateral over the transferred asset, it is measured at the lower of (i) the original carrying amount, and (ii) the maximum amount of the consideration received the entity could be required to repay. Financial Liabilities: A financial liability is derecognized when the payment obligation is satisfied, is canceled or expires. When an existing financial liability is exchanged for another with the same borrower under substantially different terms, or the prevailing terms are substantially modified, such exchange or modification will be treated as a derecognition of the original liability, and a new liability will be recognized. The difference between the carrying amount of the initial financial liability and the consideration paid is recognized in the consolidated income statement. When renegotiation terms do not substantially differ or the terms are not significantly modified, the flows of modified financial liabilities are discounted at the original contract rate. |
DERIVATIVE FINANCIAL INSTRUMENTS | 1.10. DERIVATIVE FINANCIAL INSTRUMENTS Derivative Financial instruments, including foreign exchange contracts, interest rate futures, forwards, interest rate and currency swaps, and currency and interest rate options, are carried at fair value. All derivative financial instruments are accounted for as assets when fair value is positive and as liabilities when fair value is negative, relative to the agreed-upon price. Changes in the fair value of derivative instruments are charged to income for the fiscal year. The Group has not applied hedge accounting in these consolidated financial statements. |
REPO TRANSACTIONS | 1.11. REPO TRANSACTIONS Reverse Repo Transactions According to the derecognition principles set out in IFRS 9, these transactions are treated as secured loans for the risk has not been transferred to the counterparty. Loans received in the form of reverse repo agreements are accounted for under “Repo Transactions”, classified by counterparty (i.e. financial debtors, Argentine Central Bank and non-financial At the end of each month, accrued interest income is charged against “Repo Transactions” with its corresponding offsetting entry in “Interest Income.” The assets received and sold by the Group are derecognized at the end of the repo transaction, and an in-kind Repo Transactions Loans received in the form of repo agreements are accounted for under “Repo Transactions”, classified by counterparty (financial creditors, Argentine Central Bank and non-financial In these transactions, when the recipient of the underlying asset becomes entitled to sell it or pledge it as collateral, it is reclassified to “Financial Assets Pledged as Collateral” At the end of each month, these assets are measured according to the category they had before they were subject to the repo transaction, and results are charged against the applicable accounts, depending on the type of asset. At the end of each month, accrued interest expense is charged against “Repo Transactions” with its corresponding offsetting entry in “Interest-related Expenses.” |
ALLOWANCES FOR LOAN LOSSES | 1.12. ALLOWANCES FOR LOAN LOSSES The Group assesses on a forward-looking basis the expected credit losses (“ECL”) associated with its debt instruments assets carried at amortized cost and FVOCI, together with the exposure arising from loan commitments and financial guarantee contracts. The Group recognizes a loss allowance for such losses at each reporting date. The measurement of ECL reflects: • An unbiased and probability-weighted amount is determined by evaluating a range of possible outcomes, • The time value of money, and • Reasonable and supportable information that is available without undue cost or effort at the reporting date about past events, current conditions and forecasts of future economic conditions. Note 46 provides more detail of how the expected credit loss allowance is measured. |
LEASES | 1.13. LEASES 1.13.1. Operating Leases Leases where the lessor retains a substantial portion of the risks and rewards of ownership are classified as operating leases. Payments made under operating leases (net of lease incentives) are recognized in profit or loss on a straight-line basis over the term of the lease. 1.13.2. Finance Leases Finance leases are capitalized, at the lease’s inception at the fair value of the leased property or, if lower, the present value of the minimum lease payments. Each lease payment is allocated between the liability and finance cost. The finance cost is charged to the profit or loss over the lease period so as to produce a constant periodic rate of interest on the remaining balance of the liability for each period. Assets acquired under a finance lease are depreciated during the shorter of the asset useful life and the lease term. |
PROPERTY, PLANT AND EQUIPMENT | 1.14. PROPERTY, PLANT AND EQUIPMENT The Group has used the option set out in IFRS 1 “First-time Adoption of IFRS” and has adopted the fair value as deemed cost for certain items of property, plant and equipment on transition date to IFRS as mentioned in Note 3. Assets are stated at historical cost adjusted for inflation (as explained in Note 1.2.b.) less depreciation. Historical cost includes expenditure that is directly attributable to the acquisition of items. The items of property, plant and equipment acquired in a business combination were initially measured at their estimated fair value at the time of the acquisition. Subsequent costs are included in the value of the asset and are recognized as a separate asset, as the case may be, if and only if future economic benefits are expected to flow to the Group and its cost can be measured reliably. The carrying amount of any component accounted for as a separate asset is derecognized when replaced. All other repairs and maintenance are charged to profit or loss during the reporting period in which they are incurred. Depreciation is calculated on a straight-line basis, using annual rates sufficient to extinguish the value of the assets at the end of their estimated useful life. If an asset is comprised by significant components with varying useful lives, such components will be recognized and depreciated as separate item. Property, plant and equipment residual values, useful lives and depreciation methods are reviewed and adjusted, as needed, as of each year-end The carrying amount of property, plant and equipment is immediately reduced to its recoverable value when the carrying amount exceeds the estimated recoverable value. Gains and losses from the disposal of items of property, plant and equipment are calculated by comparing the proceeds from the disposal to the carrying amount of the respective asset and are charged to income. |
INTANGIBLE ASSETS | 1.15. INTANGIBLE ASSETS 1.15.1. Licenses Separately acquired licenses are shown at historical cost, restated in accordance with Note 1.2.b. while licenses acquired through business combinations are measured at their estimated fair value on the acquisition date and restated in accordance with 1.2.b. As of the date of these consolidated financial statements, intangible assets with definite useful life are disclosed net of accumulated amortization and/or impairment losses, if any. These assets are tested for impairment on an annual basis or when indicators of impairment exist. Licenses acquired by the Group were classified as intangible assets with definite useful life and are amortized on a straight-line basis over the license term. Intangible assets with indefinite useful life are those arising from contracts or other legal rights renewable at no significant cost and for which, on the basis of an analysis of all relevant factors, there is no foreseeable time limit during which the asset is expected to generate net cash flows for the Group. These intangible assets are not amortized, but are rather tested for impairment on an annual basis or when indicators of impairment exist, either individually or at the cash-generating unit level. The determination of the indefinite useful life is reviewed on an annual basis to confirm whether it is still applicable. 1.15.2. Software Costs associated with software maintenance are recognized as an expense when incurred. Development costs that are directly attributable to the design and testing of identifiable and unique software products controlled by the group are recognized as intangible assets when the following criteria are met: • it is technically feasible to complete the software so that it will be available for use • management intends to complete the software and use or sell it • there is an ability to use or sell the software • it can be demonstrated how the software will generate probable future economic benefits • adequate technical, financial and other resources to complete the development and to use or sell the software are available, and • the expenditure attributable to the software during its development can be reliably measure costs incurred in software development, acquisition and deployment recognized as intangible assets are amortized on a straight-line basis during the estimated useful life and restated in accordance with Note 1.2.b. |
ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS | 1.16. ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS 1.16.1. Assets Held for Sale The assets, or group of assets, classified as held for sale pursuant to IFRS 5 “Non-current Non-current • it must be available for immediate sale in its current condition; • Management must be committed to a plan to sell the asset and must have initiated an active program to locate a buyer and complete the plan; • the asset must be actively marketed for sale at a reasonable price in relation to its current fair value; • the sale must be expected to be completed within 12 months from the reclassification date; • it is unlikely that the plan will be significantly changed or withdrawn. Assets, or groups of assets, classified as held for sale pursuant to IFRS 5 “Non-current Non-current 1.16.2. Discontinued Operations A discontinued operation is a Group’s component that either has been disposed of, or classified as held for sale, and meets any of the following conditions: • represents either a separate major line of business or a geographical area of operations; • is part of a single coordinated plan to dispose of a separate major line of business or geographical area of operations; or • is an independent entity exclusively acquired with a view to resale. Any gain or loss on the remeasurement of an asset (or disposal group) classified as held for sale which does not meet the requirements to be classified as a discontinued operation will be recognized in income from continuing operations. |
IMPAIRMENT OF NON-FINANCIAL ASSETS | 1.17. IMPAIRMENT OF NON-FINANCIAL Assets with indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other assets are tested for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable or, at least, on an annual basis. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. The recoverable amount is the higher of an asset’s fair value less costs of disposal and value in use. For the purposes of assessing impairment, assets are grouped at the lowest levels for which there are separately identifiable cash inflows which are largely independent of the cash inflows from other assets or groups of assets (cash-generating units). Non-financial |
TRUST ASSETS | 1.18. TRUST ASSETS Assets held by the Group in its capacity as trustee are not included in the consolidated balance sheet because the Group has neither control over the trust nor the risks and benefits of the underlying assets. Commissions and fees earned on trust activities are disclosed in “Fee Income”. |
OFFSETTING | 1.19. OFFSETTING Financial assets and liabilities are offset and the net amount reported in the balance sheet where the Group currently has a legally enforceable right to offset the recognized amounts, and there is an intention to settle on a net basis or realize the asset and settle the liability simultaneously. |
LOANS FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONS | 1.20. LOANS FROM THE ARGENTINE CENTRAL BANK AND OTHER FINANCIAL INSTITUTIONS The amounts owed to other financial institutions are recorded at the time the bank disburses the proceeds to the economic group. The non-derivative |
PROVISIONS / CONTINGENCIES | 1.21. PROVISIONS / CONTINGENCIES A provision will be recognized when: a. an entity has a present obligation (legal or constructive) as a result of a past event; b. it is probable that an outflow of resources embodying future economic benefits will be required to settle the obligation; and c. the amount can be reliably estimated. The Group will be deemed to have a constructive obligation where (a) the Group has assumed certain responsibilities as a consequence of past practices or public policies, and (b) as a result, the Group has created an expectation that it will discharge those responsibilities. The Group recognizes the following provisions: • For labor, civil and commercial lawsuits: These provisions are calculated on the basis of attorneys’ reports about the status of the proceedings and the estimate about the potential losses the Group may sustain, as well as on the basis of past experience in proceedings of these kinds. • For miscellaneous risks: These provisions are set up to address contingencies that may trigger obligations for the Group. In estimating the provision amounts, the Group evaluates the likelihood of occurrence taking into consideration the opinion of its legal and professional advisors. The provision amount recognized by the Group must be the best estimate at the reporting year-end Where the financial effect of the discount is material, the provision amount must be the present value of the disbursements expected to be required to settle the obligation, applying a pre-tax The Group will not account for positive contingencies, other than those arising from deferred taxes and those whose occurrence is virtually certain. As of the date of these consolidated financial statements, the Group’s management believes there are no elements leading to determine the existence of contingencies that might be materialized and have a negative impact on these consolidated financial statements other than those disclosed in Note 47. |
OTHER NON-FINANCIAL LIABILITIES | 1.22. OTHER NON-FINANCIAL Non-financial |
DEBT INSTRUMENTS ISSUED | 1.23. DEBT INSTRUMENTS ISSUED The Debt Instruments Issued by the Group are measured at amortized cost. Where the Group buys back its own debt, the liability in respect of such debt instrument will be deemed extinguished and, accordingly, the debt instrument will be derecognized. Where the Group buys back its own debt, such debt will be derecognized from its consolidated financial statements and the difference between the residual value of the financial liability and the amount paid will be recognized as financial income or expense, as the case may be. |
ASSETS AND LIABILITIES ARISING FROM INSURANCE CONTRACTS | 1.24. ASSETS AND LIABILITIES ARISING FROM INSURANCE CONTRACTS Assets and liabilities arising from the Group’s insurance contracts are measured and recorded according to the criteria set forth in IFRS 4 “Insurance Contracts”. Assets for Insurance Contracts Insurance contracts are those contracts under which the Group (the insurer) has accepted an insurance risk from the other party (the policyholder) by agreeing to compensate the policyholder if a specified uncertain future event (the insured event) adversely affects the policyholder. Once a contract has been classified as an insurance contract, it continues to be an insurance contract for its remaining useful life, even if the insurance risk is significantly reduced during this period, unless all the rights and obligations are extinguished or expire. The insurance contracts offered by the Group include property insurance covering fire, homeowners’ insurance, theft and similar risks, property damages, personal accidents, among other risks. They also include life and retirement insurance. Total premiums are recognized as an account receivable on the date of issuance of the policy. At the same time, a reserve for unaccrued premiums representing premiums for risks that have not yet expired is recorded in liabilities. Unaccrued premiums are recognized as revenue during the contract period, which is also the coverage and risk period. The carrying amount of accounts receivable from insurance is reviewed for impairment provided that events or circumstances indicate that the carrying amount may not be recoverable. The impairment loss is charged to the income statement. Liabilities Recognized for the Insurance Business Debts with Insured Reserves Reserves for insurance losses account for debts with insured for losses reported to the company and the estimated losses that have already been incurred but to date have not been reported to the company (IBNR losses). Reported losses are adjusted based on technical reports received from independent appraisers. Debts with Reinsurers and Co-insurers The Group mitigates the risk for some of its insurance businesses through coinsurance or reinsurance contracts with other companies. In the case of coinsurance, the company associates with another company to cover the risk assuming only a share thereof and, accordingly, of the premium as well. In the case of reinsurance, the risk is transferred to another insurance company both proportionally (as a share of the risk) and non-proportionally Liabilities for coinsurance and reinsurance represent the amounts owed under the same terms and amounts payable are estimated consistently with the contract that has given rise thereto. Debts with Insurance Brokers They represent the liabilities with insurance brokers and representative agents arising from commissions on insurance operations they originate for the Group’s companies. They also include the current account balances with those entities. Statutory Reserves Statutory reserves include the reserves for obligations of future benefits by virtue of their life insurance policies, annuities and accidents, and the reserves for retirement insurance contracts. The Group evaluates, at the end of the reporting period, the adjustment of insurance liabilities that have been recognized, using the current estimates of future cash flows from insurance contracts. If the evaluation shows that the carrying amount of its liabilities for insurance contracts (less deferred acquisition costs and related intangible assets) is not adequate, considering the estimated future cash flows, the total amount of the inadequacy will be recognized in profit or loss. According to IFRS 4, the Group will be required to determine the adequacy of the carrying amount recorded pursuant to the guidelines set out in IAS 37. |
SHAREHOLDERS' EQUITY | 1.25. SHAREHOLDERS’ EQUITY Shareholders’ equity accounts are restated in accordance with Note 1.2.b., except for the item “Capital Stock”, which is carried at face value. The restatement adjustment is included in “Adjustments to Shareholders’ Equity.” Ordinary shares are recognized in shareholders’ equity and carried at face value. When any company comprising the Group buys shares of the Company’s capital stock (treasury stock), the payment made, including any cost directly attributable to the transaction (net of taxes), is deducted from shareholders’ equity until the shares are either canceled or disposed of. |
PROFIT RESERVES | 1.26. PROFIT RESERVES Pursuant to Section 70 of the General Corporations Law, the Company and its subsidiaries, other than Banco Galicia, are required to appropriate 5% of the net income for the fiscal year to the Legal Reserve until such reserve is equal to 20% of capital stock, plus the balance of the Capital Adjustment account. As concerns Banco Galicia, according to the regulations set forth by the Argentine Central Bank, 20% of net income for the fiscal year, net of previous years’ adjustments, if any, is required to be appropriated to the legal reserve. Notwithstanding the aforementioned, in appropriating amounts to other reserves, Financial Institutions are required to comply with the provisions laid down by the Argentine Central Bank in the revised text on distribution of dividends described in Note 54.8. |
DISTRIBUTION OF DIVIDENDS | 1.27. DISTRIBUTION OF DIVIDENDS The distribution of dividends to the Group’s shareholders is recognized as a liability in the consolidated financial statements for the fiscal year in which dividends are approved by the Group’s shareholders. |
REVENUE RECOGNITION | 1.28. REVENUE RECOGNITION Financial income and expense is recognized in respect of all debt instruments in accordance with the effective interest rate method, pursuant to which all gains and losses which are an integral part of the transaction effective interest rate are deferred. Gains or losses included in the effective interest rate embrace disbursements or receipts relating to the creation or acquisition of a financial asset or liability, such as preparation and processing of the documents required to consummate the transactions, and payments received for the extension of credit arrangements. The Group accounts for its non-derivative Fees and commissions earned by the Group on the origination of syndicated loans are not part of the product effective interest rate, and are recognized in the income statement at the time the service is delivered, to the extent the Group does not retain a portion of the same, or such effective interest rate is maintained under the same conditions as the other participants. Commissions and fees earned by the Group on negotiations in third parties’ transactions are not part of the effective interest rate either, and are recognized at the time the transactions are executed. IFRS 15 establishes the principles that an entity shall apply to recognize revenue and cash flows from contracts with customers. The amount that should be recognized will be the amount that reflects the consideration to which the entity expects to be entitled in exchange for the services delivered to customers. The Group’s income from services is recognized in the income statement as performance obligations are fulfilled, part of the consideration received is allocated to the point granted for the Group´s customer loyalty programs. Consideration is allocated based on the relative standalone selling prices for services rendered and points granted. Points are accumulated based on the redemption rate, once they are redeemed by customers, the Group recognizes the revenue associated to them. Revenue recognized during the year is restated as explained in Note 1.2.b. Below is a summary of the main commissions earned by the Bank: Commissions Earning Frequency Retail Products and Services Savings Accounts Monthly Checking Accounts Monthly Credit-card Renewal Annual Safe Deposit Boxes Quarterly Bonds and Shares Transactions On each transaction Wholesale Products Account Maintenance Monthly Deposits and Withdrawals among Branches Monthly Foreign Trade Transactions On each transaction |
INCOME TAX AND MINIMUM PRESUMED INCOME TAX | 1.29. INCOME TAX AND MINIMUM PRESUMED INCOME TAX 1.29.1. Income Tax The income tax expense for the year includes current and deferred tax. Income tax is recognized in the consolidated income statement, except for items required to be recognized directly in other comprehensive income. In this case, the income tax liability related to such items is also recognized in such statement. The current income tax expense is calculated on the basis of the tax laws enacted or substantially enacted as of the balance sheet date in the countries where the Group operates and generates taxable income. The Group periodically assesses the position assumed in tax returns in connection with circumstances in which the tax laws are subject to interpretation. On the other hand, when required, the Group sets up provisions in respect of the amounts expected to be required to pay to the tax authorities. Deferred income tax is determined, in its entirety, by applying the liability method on the temporary differences arising from the carrying amount of assets and liabilities and their tax base. However, the deferred tax arising from the initial recognition of an asset or liability in a transaction other than a business combination which, at the time of the transaction does not affect income or loss for accounting or tax purposes, is not recorded. The deferred tax is determined using tax rates (and laws) enacted as of the date of the financial statements and that are expected to be applicable when the deferred tax assets are realized or the deferred tax liabilities are settled. Deferred tax assets are recognized only to the extent future tax benefits are likely to arise against which the temporary differences might be offset. The Group recognizes a deferred tax liability for taxable temporary differences related to investments in subsidiaries and affiliates, except that the following two conditions are met: (i) the Group controls the timing on which temporary differences will be reversed; and (ii) such temporary differences are not likely to be reversed in the foreseeable future. The balances of deferred tax assets and liabilities are offset when a legal right exists to offset current tax assets against current tax liabilities and to the extent such balances are related to the same tax authority of the Group or its subsidiaries, where tax balances are intended to be, and may be, settled on a net basis. 1.29.2. Minimum Presumed Income Tax The Group determines the minimum presumed income tax at the effective rate of 1% of the computable assets at each fiscal year-end. The minimum presumed income tax credit disclosed under “Current Income Tax Assets” is the portion the Group expects to offset against the income tax in excess of minimum presumed income tax to be generated in the following ten fiscal years. |
EARNINGS PER SHARE | 1.30. EARNINGS PER SHARE Basic earnings per share are calculated as income (loss) attributable to the owners of the Parent, divided by average ordinary shares outstanding. Diluted earnings per share are calculated by adjusting income (loss) attributable to owners of the Parent and average ordinary shares outstanding adjusted for the effects of the potential conversion into equity instruments of all convertible instruments held by the Group at period-end. |
FAIR VALUE OF DERIVATIVE INSTRUMENTS AND OTHER INSTRUMENTS | a. FAIR VALUE OF DERIVATIVE INSTRUMENTS AND OTHER INSTRUMENTS The fair value of financial instruments not listed in active markets is determined using valuation techniques. Such techniques are validated and reviewed periodically by qualified personnel independent from the area which developed them. All models are assessed and adjusted before being put into use in order to ensure that results reflect current information and comparable market prices. Where possible, models rely on observable inputs only; however, certain factors, such as the Group’s own and the counterparty’s credit risk, volatilities and correlations, require the use of estimates. Changes in the assumptions about these factors may affect the reported fair value of financial instruments. |
IMPAIRMENT LOSSES ON LOANS AND ADVANCES | b. IMPAIRMENT LOSSES ON LOANS AND ADVANCES The Group recognizes the allowance for loan losses under the expected credit losses method included in IFRS 9. The most significant judgments of the model relate to defining what is considered to be a significant increase in credit risk, determining the life of revolving facilities, and in making assumptions and estimates to incorporate relevant information about past events, current conditions and forecasts of economic conditions. A high degree of uncertainty is involved in making estimations using assumptions that are highly subjective and very sensitive to the risk factors. |
IMPAIRMENT OF NON-FINANCIAL ASSETS | c. IMPAIRMENT OF NON-FINANCIAL Intangible assets with definite useful life and property, plant and equipment are amortized or depreciated on a straight-line basis during their estimated useful life. The Group monitors the conditions associated with these assets to determine whether the events and circumstances require a review of the remaining amortization or depreciation term and whether there are factors or circumstances indicating impairment in the value of the asset which might not be recoverable. Identifying the indicators of impairment of property, plant and equipment and intangible assets requires the use of judgment. The Group has concluded that there were no indicators of impairment for any of the years reported in its consolidated financial statements. |
INCOME TAX AND DEFERRED TAX | d. INCOME TAX AND DEFERRED TAX The assessment of current and deferred tax assets and liabilities requires a significant level of judgment. Current income tax is accounted for according to the amounts expected to be paid, while deferred income tax is accounted for on the basis of the temporary differences between the carrying amount of assets and liabilities and their tax base, at the rates expected to be in force at the time of reversal of such differences. A deferred tax asset is recognized when future taxable income is expected to exist to offset such temporary differences, based on Management’s assumptions about the amounts and timing of such future taxable income. Then, management needs to determine whether deferred tax assets are likely to be used and offset against future taxable income. Actual results may differ from these estimates, for instance, changes in the applicable tax laws or the outcome of the final review of the tax returns by the tax authorities and tax courts. Future taxable income and the number of tax benefits likely to be available in the future are based on a medium-term business plan prepared by management, on the basis of expectations which are deemed reasonable. |
Accounting Policies and Basis_3
Accounting Policies and Basis for Preparation (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Subsidiaries Object to Consolidation at Their Different Levels | The following table shows the subsidiaries consolidated into the Group’s consolidated financial statements, at their different levels: Percentage Interest (%) Local and 12.31.18 12.31.17 01.01.17 Company Country Functional Currency Closing Date Direct Direct and Indirect Direct Direct and Indirect Direct Direct and Indirect Banco de Galicia y Buenos Aires S.A.U. Argentina ARP 12.31.18 100 100 100 100 100 100 Cobranzas Regionales S.A. Argentina ARP 12.31.18 — 83 — 77 — 77 Galicia Administradora de Fondos S.A. Argentina ARP 12.31.18 95 100 95 100 95 100 Galicia Broker Asesores de Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Retiro Compañía de Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Seguros S.A. Argentina ARP 12.31.18 — 99.9 — 99.9 — 99.9 Galicia Valores S.A. Argentina ARP 12.31.18 1 100 1 100 — 100 Galicia Warrants S.A. Argentina ARP 12.31.18 87.5 100 87.5 100 87.5 100 Financial Trust Galtrust I Argentina ARP 12.31.18 — — — 100 — 100 Financial Trust Saturno Créditos Argentina ARP 12.31.18 — 100 — 100 — 100 Net Investment S.A. (in Liquidation) (*) Argentina ARP 12.31.18 — — 87.5 100 87.5 100 Ondara S.A. Argentina ARP 12.31.18 — 83.9 — 78.2 — 78.2 Sudamericana Holding S.A. Argentina ARP 12.31.18 87.5 100 87.5 100 87.5 100 Tarjeta Naranja S.A. Argentina ARP 12.31.18 83 83 — 77 — 77 Tarjetas del Mar S.A. Argentina ARP 12.31.18 — — — — — 60 Tarjetas Regionales S.A. Argentina ARP 12.31.18 83 83 — 77 — 77 (*) The final distribution was paid out on January 9, 2018. |
Summary of Main Commissions Earned by the Bank | Below is a summary of the main commissions earned by the Bank: Commissions Earning Frequency Retail Products and Services Savings Accounts Monthly Checking Accounts Monthly Credit-card Renewal Annual Safe Deposit Boxes Quarterly Bonds and Shares Transactions On each transaction Wholesale Products Account Maintenance Monthly Deposits and Withdrawals among Branches Monthly Foreign Trade Transactions On each transaction |
Transition To IFRS (Tables)
Transition To IFRS (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of reconciliation of financial position | The following is a reconciliation between the shareholders’ equity, consolidated income statement, consolidated other comprehensive income and consolidated statement of cash flows amounts related to the consolidated financial statements issued according to the accounting framework prior to the transition date (January 1, 2017) and the adoption date (December 31, 2017), and the amounts presented according to the IFRS (see Note 1.1) in these consolidated financial statements, as well as the effects of adjustments to cash flows. Consolidated Balance Sheet Prior Accounting Framework 12.31.17 Reclassifications Adjustments References (*) IFRS 12.31.17 ASSETS Cash and Due from Banks 83,654,804 3,864,824 (474,747 ) (**) 87,044,881 Debt Securities 57,243,282 (57,243,282 ) — — Loans and Other Financing 291,356,673 (291,356,673 ) — — Other Receivables Resulting from Financial Brokerage 49,252,567 (49,252,567 ) — — Receivables from Financial Leases 2,475,481 (2,475,481 ) — — Equity Investments in Associates and Joint Ventures 42,380 (42,380 ) — (b) — Miscellaneous Receivables 5,624,770 (5,624,770 ) — — Property, Plant and Equipment 6,599,018 855,941 10,754,056 (c) 18,209,015 Miscellaneous Assets 920,957 (920,957 ) — — Intangible Assets 5,281,315 (3,386,055 ) (170,346 ) (d) 1,724,914 Unallocated Items 105,237 (105,237 ) — — Other Assets 933,522 (933,522 ) — — Debt Securities at Fair Value through Profit or Loss — 43,131,317 (383,520 ) (e) 42,747,797 Derivative Financial Instruments — 775,674 — (f) 775,674 Repo Transactions — 14,286,336 — 14,286,336 Other Financial Assets — 10,280,118 59,138 (g) 10,339,256 Loans and Other Financing — 294,954,874 (10,600,115 ) (h) 284,354,759 Other Debt Securities — 3,826,823 355,714 (i) 4,182,537 Financial Assets Pledged as Collateral — 9,442,784 (95,996 ) (k) 9,346,788 Current Income Tax Assets — 435,524 (300,784 ) (**) 134,740 Investments in Equity Instruments — 30,814 81,109 (j) 111,923 Deferred Income Tax Assets — 898,751 (136,181 ) (q) 762,570 Assets for Insurance Contracts — 1,021,703 — 1,021,703 Other Non-financial — 4,119,159 (381,029 ) (l) 3,738,130 Non-current — 6,998,967 3,861,124 (m) 10,860,091 TOTAL ASSETS 503,490,006 (16,417,315 ) 2,568,423 489,641,114 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Balance Sheet Prior Accounting Framework 12.31.17 Reclassifications Adjustments References (*) IFRS 12.31.17 LIABILITIES Deposits 300,385,784 18,197 (4,036,625 ) (**) 296,367,356 Other Liabilities Resulting from Financial Brokerage 120,099,500 (120,099,500 ) — — Miscellaneous Liabilities 12,654,374 (12,654,374 ) — — Provisions 1,053,020 — (155,760 ) (n) 897,260 Subordinated Debt Securities 7,128,356 — — 7,128,356 Unallocated Items 82,199 (82,199 ) — — Non-Controlling 2,857,150 (2,857,233 ) 83 — Other Liabilities 1,204,603 (1,204,603 ) — (s) — Derivative Financial Instruments — 846,331 — (f) 846,331 Repo Transactions — 1,670,059 — (**) 1,670,059 Other Financial Liabilities — 55,255,531 95,268 (o) 55,350,799 Loans from the Argentine Central Bank and Other Financial Institutions — 12,545,122 (926,820 ) (p) 11,618,302 Debt Securities — 23,680,419 (3,401,254 ) (**) 20,279,165 Current Income Tax Liabilities — 4,019,433 (440,904 ) (**) 3,578,529 Deferred Income Tax Liabilities — 102,293 1,986,247 (q) 2,088,540 Liabilities for Insurance Contracts — 1,208,253 (12,606 ) (s) 1,195,647 Other Non-financial — 19,642,178 1,500,276 (r) 21,142,454 TOTAL LIABILITIES 445,464,986 (17,910,093 ) (5,392,095 ) 422,162,798 SHAREHOLDERS’ EQUITY Capital Stock, Contributions and Reserves 45,726,926 (1,364,453 ) 22,875,924 67,238,397 Retained Income — — (9,596,038 ) (9,596,038 ) Other Accumulated Comprehensive Income — — 88,889 88,889 Net Income for the Year 12,298,094 — (5,504,506 ) 6,793,588 Shareholders’ Equity Attributable to owners of the Parent 58,025,020 (1,364,453 ) 7,864,269 64,524,836 Shareholders’ Equity Attributable to Non-controlling — 2,857,231 96,249 2,953,480 TOTAL SHAREHOLDERS’ EQUITY 58,025,020 1,492,778 7,960,518 67,478,316 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Balance Sheet Prior Accounting Framework 01.01.17 Reclassifications Adjustments References (*) IFRS 01.01.17 ASSETS Cash and Due from Banks 112,701,996 9,195,966 (713,983 ) (**) 121,183,979 Debt Securities 25,244,436 (25,244,436 ) — — Loans and Other Financing 253,261,822 (253,261,822 ) — — Other Financial Assets 33,494,417 (33,494,417 ) — — Receivables from Financial Leases 1,760,275 (1,760,275 ) — — Equity Investments in Associates and Joint Ventures 97,589 (55,935 ) 245,148 (b) 286,802 Miscellaneous Receivables 6,338,591 (6,338,591 ) — — Property, Plant and Equipment 5,294,669 1,856,493 9,197,198 (c) 16,348,360 Miscellaneous Assets 2,250,193 (2,250,193 ) — — Intangible Assets 4,757,939 (2,160,844 ) (936,302 ) (d) 1,660,793 Unallocated Items 164,052 (164,052 ) — — Other Assets 993,393 (993,393 ) — — Debt Securities at fair value through Profit or Loss — 26,885,062 1,932,682 (e) 28,817,744 Derivative Financial Instruments — 228,955 481 (f) 229,436 Repo Transactions — — — — Other Financial Assets — 7,385,466 (665,885 ) (g) 6,719,581 Loans and Other Financing — 255,623,225 (9,919,804 ) (h) 245,703,421 Other Debt Securities — 3,266,584 (82,732 ) (i) 3,183,852 Financial Assets Pledged as Collateral — 10,459,071 (363,478 ) (k) 10,095,593 Current Income Tax Assets — 418,206 (183,275 ) (**) 234,931 Investment in Equity Instruments — 56,036 131,099 (j) 187,135 Deferred Income Tax Assets — 1,160,815 (125,555 ) (q) 1,035,260 Assets for Insurance Contracts — 988,723 — 988,723 Other Non-financial — 3,593,168 (573,500 ) (l) 3,019,668 Non-current — 8,733,814 2,185,302 (m) 10,919,116 TOTAL ASSETS 446,359,372 4,127,626 127,396 450,614,394 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). Consolidated Balance Sheet Prior Accounting Framework 01.01.17 Reclassifications Adjustments References (*) IFRS 01.01.17 LIABILITIES Deposits 279,493,299 5,962 (2,421,699 ) (**) 277,077,562 Other Liabilities Resulting from Financial Brokerage 106,487,811 (106,487,811 ) — — Miscellaneous Liabilities 10,694,695 (10,694,695 ) — — Provisions 708,432 — 781 (n) 709,213 Subordinated Debt Securities 7,490,444 — — 7,490,444 Unallocated Items 129,955 (129,955 ) — — Non-controlling 2,694,159 (2,675,170 ) (18,989 ) — Other Liabilities 1,159,669 (1,159,669 ) — (s) — Liabilities at fair value through Profit or Loss — — — — Derivative Financial Instruments — 440,618 (150,234 ) (f) 290,384 Repo Transactions — 3,284,482 (254,009 ) (**) 3,030,473 Other Financial Liabilities — 57,594,377 (499,601 ) (o) 57,094,776 Loans from the Argentine Central Bank and Other Financial Institutions — 13,779,829 (1,062,684 ) (p) 12,717,145 Debt Securities — 23,976,836 (2,128,376 ) (**) 21,848,460 Current Income Tax Liabilities — 3,648,743 (489,400 ) (**) 3,159,343 Deferred Income Tax Liabilities — 24,541 1,819,056 (q) 1,843,597 Liabilities for Insurance Contracts — 1,157,101 (2,939 ) (s) 1,154,162 Other Non-financial — 18,687,269 (161,312 ) (r) 18,525,957 TOTAL LIABILITIES 408,858,464 1,452,458 (5,369,406 ) 404,941,516 SHAREHOLDERS’ EQUITY — Capital Stock, Adjustments and Reserves 26,412,657 — 14,561,204 40,973,861 Retained Income 11,088,251 — (9,632,425 ) 1,455,826 Other Accumulated Comprehensive Income — — 523,621 523,621 Net Income for the Year — — — — Shareholders’ Equity Attributable to owners of the Parent 37,500,908 — 5,452,400 42,953,308 Shareholders’ Equity Attributable to Non-controlling — 2,675,168 44,402 2,719,570 TOTAL SHAREHOLDERS’ EQUITY 37,500,908 2,675,168 5,496,802 45,672,878 (*) The references are related to the explanations included in Note 3.5. (**) The adjustments are related to the deconsolidation of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). |
Schedule of reconciliation of statement of income | Consolidated Income Statement Prior Accounting Framework 12.31.17 Reclassifications Adjustments IFRS 12.31.17 Financial Income 66,765,368 (66,765,368 ) — — Financial Expenses (30,038,123 ) 30,038,123 — — Loan and other Receivables Loss Provisions (7,684,942 ) (18,664 ) 409,750 (7,293,856 ) Fee Income 31,157,030 (31,157,030 ) — — Fee-related (9,785,476 ) 9,785,476 — — Administrative Expenses (33,945,130 ) 18,221,381 1,300,192 (14,423,557 ) Income (Loss) from Insurance Business 3,126,248 (90,404 ) 279,068 3,314,912 Non-controlling (924,564 ) 924,558 6 — Miscellaneous Income 2,391,176 (2,391,176 ) — — Miscellaneous Losses (1,447,703 ) 1,439,371 8,332 — Interest Income — 56,563,258 (1,869,536 ) 54,693,722 Interest-related Expenses — (24,268,734 ) (550,953 ) (24,819,687 ) Fee Income — 11,655,852 13,742,609 25,398,461 Fee-related — (3,743,746 ) 490,911 (3,252,835 ) Net Income from Financial Instruments Measured at Fair Value through Profit or Loss — 7,180,403 1,280,935 8,461,338 Gold and Foreign Currency Quotation Differences — 3,161,203 317,658 3,478,861 Other Operating Income — 21,442,293 (12,445,661 ) 8,996,632 Personnel Expenses — (16,672,435 ) (416,237 ) (17,088,672 ) Depreciation and Impairment of Assets — (1,554,602 ) 115,162 (1,439,440 ) Loss on Net Monetary Position — — (6,823,296 ) (6,823,296 ) Other Operating Expenses — (13,129,147 ) (1,476,079 ) (14,605,226 ) Share of profit from Associates and Joint Ventures — 291,445 29,737 321,182 Income Tax from Continuing Operations (7,315,790 ) 32,824 (36,061 ) (7,319,027 ) Income from Discontinued Operations — — — — Income Tax from Discontinued Operations — — (321,760 ) (321,760 ) Net Income 12,298,094 944,881 (5,965,223 ) 7,277,752 Other Comprehensive Income (Loss) — — (434,732 ) (434,732 ) Total Comprehensive Income (Loss) — — (434,732 ) (434,732 ) Total Comprehensive Income Attributable to owners of the Parent 12,298,094 — (5,939,238 ) 6,358,856 Total Comprehensive Income (Loss) Attributable to Non-controlling — 944,881 (460,717 ) 484,164 |
Summary of reconciliation of cash and cash equivalents | The reconciliation of cash and cash equivalents is as follows: Prior Accounting Framework Cash Flows from Discontinued Operations IFRS Cash and Cash Equivalents 12.31.17 Operations Adjustments 12.31.17 Cash and Due from Banks 56,659,196 (321,544 ) 30,707,229 87,044,881 Argentine Central Bank Bills and Notes Maturing within up to 90 days 16,910,667 — 8,071,099 24,981,766 Receivables from Reverse Repo Transactions 9,654,517 — 4,599,952 14,254,469 Local Interbank Loans 365,000 570,000 445,486 1,380,486 Overnight Placements in Banks Abroad 269,278 — 157,404 426,682 Other Cash and cash equivalents 2,458,791 — 1,411,141 3,869,932 Total 86,317,449 248,456 45,392,311 131,958,216 Prior Accounting Framework Cash Flows from Discontinued Operations IFRS Cash and Cash Equivalents 01.01.17 Operations Adjustments 01.01.17 Cash and Due from Banks 90,309,271 (580,607 ) 31,455,315 121,183,979 Argentine Central Bank Bills and Notes Maturing within up to 90 days 9,797,693 — 2,922,565 12,720,258 Receivables from Reverse Repo Transactions 1,273,148 — 315,684 1,588,832 Local Interbank Loans 1,811,761 — 454,493 2,266,254 Overnight Placements in Banks Abroad 4,718,842 — 1,159,788 5,878,630 Total 107,910,715 (580,607 ) 36,307,845 143,637,953 |
Summary of reconciliation of cash flows | The reconciliation of cash flows is as follows: Prior Accounting Framework CFA + CyS Discontinued Adjustments Inflation IFRS Cash and Cash Equivalents 12.31.17 Operations Adjustments Inflation 12.31.17 Operating Activities (I) (1,305,475 ) 1,580,060 (3,172,810 ) (1,288,999 ) (4,187,224 ) Investing Activities (II) (2,580,126 ) 459,805 1,069,869 (592,368 ) (1,642,820 ) Financing Activities (III) 15,816,746 (987,404 ) (4,316,983 ) 5,008,673 15,521,032 Effect of exchange rate changes on cash and cash equivalents 7,602,047 — (9,490,347 ) (899,692 ) (2,787,992 ) Total 19,533,192 1,052,461 (15,910,271 ) 2,227,614 6,902,996 (I) Operating Activities Cash Flows According to Prior Accounting Framework as of 12.31.17 (1,305,475 ) Cash Flows from Discontinued Operations 1,580,060 Adjustments that Affect Cash Flows from Operating Activities (4,528,664 ) Inflation effect (1,288,999 ) Intangible Assets 2,317,755 Miscellaneous Assets (818,745 ) Other Collections Related to Subsidiaries 153,563 Dividends from Associates (296,719 ) Cash Flows According to IFRS as of 12.31.17 (4,187,224 ) (II) Investing Activities Cash Flows According to Prior Accounting Framework as of 12.31.17 (2,580,126 ) Cash Flows from Discontinued Operations 459,805 Miscellaneous Assets 818,745 Dividends from Associates 296,719 Differences in the determination of Financing Activities 2,425,723 Other Collections Related to Subsidiaries (153,563 ) Inflation effect (592,368 ) Intangible Assets (2,317,755 ) Cash Flows According to IFRS as of 12.31.17 (1,642,820 ) (III) Financing Activities Cash Flows According to Prior Accounting Framework as of 12.31.17 15,816,746 Cash Flows from Discontinued Operations (987,404 ) Inflation effect 5,008,673 Differences in the determination of Financing Activities (4,316,983 ) Cash Flows According to IFRS as of 12.31.17 15,521,032 Effect of Changes in the Exchange Rate Cash Flows According to Prior Accounting Framework as of 12.31.17 7,602,047 Inflation effect (899,692 ) Differences in the determination of Financing Activities (9,490,347 ) Cash Flows According to IFRS as of 12.31.17 (2,787,992 ) |
Summary of Equity Investments in Associates and Joint Ventures | 12.31.17 01.01.17 Prisma Medios de Pago S.A. — 245,250 Ondara S.A. — (102 ) Total — 245,148 |
Summary of consolidation of the financial assets adjusted | 12.31.17 01.01.17 Premiums for Financial Guarantee Contracts 241,350 248,044 CyS Deconsolidation (13,005 ) — Consolidation of Financial Trusts that Were Not Subject to Consolidation under the Prior Accounting Framework (169,207 ) (913,929 ) Total 59,138 (665,885 ) |
Summary of Investments in Equity Instruments | 12.31.17 01.01.17 Banco Galicia’s Holdings 81,109 73,888 Galicia Valores S.A.’s Holdings — 57,211 Total 81,109 131,099 |
Summary of adjustment made up of derecognition of advances for systems purchased | 12.31.17 01.01.17 Derecognition of Advances for Systems Purchased (659,590 ) (955,579 ) Miscellaneous Assets 278,561 382,079 Total (381,029 ) (573,500 ) |
Financial Instruments (Tables)
Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Portfolios of Financial Instruments | As of the indicated dates, the Group maintains the following portfolios of financial instruments: Instruments Portfolio as of 12.31.2018 Fair Value through Profit or Loss Amortized Cost Fair Value through OCI Assets Argentine Central Bank’s Bills and Notes 70,097,764 — — Government Securities 4,699,806 — — Private Securities 1,137,593 — — Derivative Financial Instruments 1,785,640 — — Repo Transactions — 2,068,076 — Other Financial Assets 4,303,431 4,744,501 — Loans and Other Financing — 282,710,068 — Other Debt Securities — 5,312,035 9,112,099 Financial Assets Pledged as Collateral 3,459,712 7,357,780 — Equity Instruments 161,054 — — Liabilities Deposits — 360,097,275 — Liabilities at fair value through profit or loss 2,144,664 — — Derivative Financial Instruments 1,835,789 — — Repo Transactions — 1,948,559 — Other Financial Liabilities — 63,235,042 — Loans from the Argentine Central Bank and Other Financial Institutions — 19,446,028 — Debt Securities — 29,983,653 — Subordinated Debt Securities — 9,767,874 — Instruments Portfolio as of 12.31.2017 Fair Value through Profit or Loss Amortized Cost Fair Value through OCI Assets Argentine Central Bank’s Bills and Notes 26,367,677 — — Government Securities 13,923,160 — — Private Securities 2,456,960 — — Derivative Financial Instruments 775,674 — — Repo Transactions — 14,286,336 — Other Financial Assets 4,573,809 5,765,447 — Loans and Other Financing — 284,354,759 — Other Debt Securities — 4,040,087 142,450 Financial Assets Pledged as Collateral 2,249,914 7,096,874 — Equity Instruments 111,923 — — Liabilities Deposits — 296,367,356 — Derivative Financial Instruments 846,331 — — Repo Transactions — 1,670,059 — Other Financial Liabilities — 55,350,799 — Loans from the Argentine Central Bank and Other Financial Institutions — 11,618,302 — Debt Securities — 20,279,165 — Subordinated Debt Securities — 7,128,356 — Instruments Portfolio as of 01.01.17 Fair Value through Profit or Loss Amortized Cost Fair Value through OCI Assets Argentine Central Bank’s Bills and Notes 16,158,217 — — Government Securities 9,659,559 — — Private Securities 2,999,968 — — Derivative Financial Instruments 229,436 — — Other Financial Assets 4,616,737 2,102,844 — Loans and Other Financing — 245,703,421 — Other Debt Securities — 2,253,595 930,257 Financial Assets Pledged as Collateral 4,205,704 5,889,889 — Equity Instruments 187,135 — — Liabilities Deposits — 277,077,562 — Derivative Financial Instruments 290,384 — — Repo Transactions — 3,030,473 — Other Financial Liabilities — 57,094,776 — Loans from the Argentine Central Bank and Other Financial Institutions — 12,717,145 — Debt Securities — 21,848,460 — Subordinated Debt Securities — 7,490,444 — |
Fair Values (Tables)
Fair Values (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Financial Instruments Measured at Fair Value | The Group’s financial instruments measured at fair value at fiscal year-end Instruments Portfolio as of 12.31.18 Fair Value Level Fair Value Level Fair Value Level Assets Argentine Central Bank’s Bills and Notes — 70,097,764 — Government Securities 2,952,344 1,278,048 469,414 Private Securities 308,755 36,270 792,568 Derivative Financial Instruments — 1,785,640 — Other Financial Assets 4,264,431 39,000 — Other Debt Securities (*) 9,112,099 — — Financial Assets Pledged as Collateral 3,184,346 275,366 — Equity Instruments 26,795 — 134,259 Liabilities Liabilities at fair value through profit or loss 1,366,785 777,879 — Derivative Financial Instruments — 1,835,789 — Total 18,481,985 70,898,420 1,396,241 (*) It relates to Secured Bonds issued by Argentina measured at fair value with changes in OCI. Instruments Portfolio as of 12.31.17 Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Assets Argentine Central Bank’s Bills and Notes 26,367,677 — — Government Securities 13,679,229 — 243,931 Private Securities 1,009,000 5,906 1,442,054 Derivative Financial Instruments — 775,674 — Other Financial Assets 4,516,227 57,582 — Other Debt Securities (*) 142,450 — — Financial Assets Pledged as Collateral 2,249,914 — — Equity Instruments 28,233 — 83,690 Liabilities Liabilities at fair value through profit or loss — — — Derivative Financial Instruments — 846,331 — Total 47,992,730 (7,169 ) 1,769,675 (*) It relates to Secured Bonds issued by Argentina measured at fair value with changes in OCI. Instruments Portfolio as of 01.01.17 Fair Value Level Fair Value Level Fair Value Level Assets Argentine Central Bank’s Bills and Notes 16,158,217 — — Government Securities 7,110,319 1,972,400 576,840 Private Securities 778,214 10,541 2,211,213 Derivative Financial Instruments — 229,436 — Other Debt Securities (*) 930,257 — — Other Financial Assets 4,544,877 71,860 — Financial Assets Pledged as Collateral 4,205,704 — — Equity Instruments 93,727 — 93,408 Liabilities Liabilities at fair value through profit or loss — — — Derivative Financial Instruments — 290,384 — Total 33,821,315 1,993,853 2,881,461 (*) It relates to Secured Bonds issued by Argentina measured at fair value with changes in OCI. |
Summary of Changes in Instruments Included in Fair Value Level 3 | Changes in instruments included in fair value Level 3 are as follows: Level 3 12.31.17 Transfers (*) Purchases Sales Income (Loss) Inflation Effect 12.31.18 Government Securities 243,931 1,255,553 10,382,946 (11,115,519 ) 149,564 (447,061 ) 469,414 Private Securities 1,442,054 389,298 6,352,483 (7,084,950 ) 372,340 (678,657 ) 792,568 Equity Instruments 83,690 — — — 86,938 (36,369 ) 134,259 Total 1,769,675 1,644,851 16,735,429 (18,200,469 ) 608,842 (1,162,087 ) 1,396,241 (*) They include the movements of levels of financial instruments classified as fair value Level 3, as described above. Level 3 01.01.17. Transfers (*) Purchases Sales Income (Loss) Inflation Effect 12.31.17 Government Securities 576,840 (234,067 ) 450,486 (504,713 ) 46,969 (91,584 ) 243,931 Private Securities 2,211,213 (434,784 ) 2,626,022 (2,789,653 ) 233,810 (404,554 ) 1,442,054 Equity Instruments 93,408 — — — 9,776 (19,494 ) 83,690 Total 2,881,461 (668,851 ) 3,076,508 (3,294,366 ) 290,555 (515,632 ) 1,769,675 (*) They include the movements of levels of financial instruments classified as fair value Level 3, as described above. |
Summary of Assets and Liabilities Recorded at Amortized Cost | The Group included below the fair value of the instruments not carried at fair value as of the year-end. Assets/(Liabilities) Accounts Carrying Amount Fair Value Fair Value Level 1 Fair Value Level 2 Fair Value Level 3 Assets Cash and Due from Banks 143,309,428 143,309,428 143,309,428 — — Loans and Other Financing 282,710,068 289,581,428 — — 289,581,428 Other Financial Assets 9,047,932 9,047,932 9,047,932 — — Other Debt Securities 14,424,134 14,631,751 763,126 — 13,868,625 Repo Transactions 2,068,076 2,068,076 2,068,076 — — Financial Assets Pledged as Collateral 10,817,492 10,817,492 10,817,492 — — Liabilities Deposits 360,097,275 359,875,025 — — 359,875,025 Loans from the Argentine Central Bank and Other Financial Institutions 19,446,028 17,689,372 — — 17,689,372 Debt Securities 29,983,653 29,269,086 29,269,086 — — Subordinated Debt Securities 9,767,874 8,513,061 — — 8,513,061 Repo Transactions 1,948,559 1,944,965 — — 1,944,965 Other Financial Liabilities 63,235,042 63,235,113 — — 63,235,113 |
Cash and Cash Equivalents (Tabl
Cash and Cash Equivalents (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Cash and Cash Equivalents | Cash and cash equivalents break down as follows: 12.31.18 12.31.17 01.01.17 Cash and Due from Banks 143,309,428 87,044,881 121,183,979 Argentine Central Bank’s Bills and Notes Maturing within up to 90 Days 70,117,158 24,981,766 12,720,258 Receivables from Reverse Repo Transactions 2,057,558 14,254,469 — Local Interbank Loans 938,000 1,380,486 1,588,832 Overnight Placements in Banks Abroad 5,300,681 426,682 2,266,254 Mutual Funds 3,859,629 3,578,916 4,040,608 Time Deposits 285,999 291,016 7,084 Government Securities — — 1,830,938 Total Cash and Cash Equivalents 225,868,453 131,958,216 143,637,953 |
Derivative Financial Instrume_2
Derivative Financial Instruments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Derivative Instrument Transactions | The amounts of transactions conducted as of the indicated dates are as follows: Underlying Asset Type of Settlement 12.31.18 (*) 12.31.17 (*) 01.01.17 (*) Forward Purchase Sale of Foreign Currency Purchases Foreign currency Daily difference 38,861,567 30,145,543 27,648,329 Sales Foreign currency Daily difference 32,277,374 28,042,761 — Purchases by Customers Foreign currency Daily difference 3,673,954 583,221 396,281 Sales by Customers Foreign currency Daily difference 10,156,620 5,472,881 2,202,703 Interest Rate Swaps Swaps Others Other 460,242 1,476 138,192 Cross Currency Swaps Others Other 1,561 — — Repo Transactions Forward Purchases Government Securities With delivery of the underlying asset 1,965,824 1,672,194 3,032,245 Forward Sales Government Securities With delivery of the underlying asset 2,061,516 15,678,531 — Call Options Bought and Written on Futures Call Options Written on Dollar Dollar — — 18,794 Call Options Purchase on Gold Gold — — 275,484 Call Options Written on Gold Gold — — 303,032 (*) Notional values. |
Repo Transactions (Tables)
Repo Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Repo Transactions and Reverse Repo Transactions | As of the indicated dates, the Group maintains the following repo transactions: 12.31.18 12.31.17 01.01.17 Receivables from Reverse Repo Transactions of Government Securities 2,057,558 14,254,469 — Accrued Interest Payable on Reverse Repo Transactions 10,518 31,867 — Total Reverse Repo Transactions 2,068,076 14,286,336 — 12.31.18 12.31.17 01.01.17 Payables for Repo Transactions of Government Securities 1,943,805 1,666,386 3,026,218 Accrued Interest Payable on Repo Transactions 4,754 3,673 4,255 Total Repo Transactions 1,948,559 1,670,059 3,030,473 |
Summary of Repo Agreements in Financial Assets Pledged as Collateral and Reverse Repo Agreements in Off-Balance Sheet Items | 12.31.18 12.31.17 01.01.17 Reverse Repo Transactions recorded as Off-Balance 2,061,516 15,678,531 — Repo Transactions recorded in Financial Assets Pledged as Collateral 1,965,824 1,672,194 3,032,245 |
Other Financial Assets (Tables)
Other Financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Financial Assets | As of the indicated dates, the balances of “Other Financial Assets” relate to: 12.31.18 12.31.17 01.01.17 Debtors from Spot Sales of Foreign Currency Pending Settlement 1,947,184 3,550,645 5,918 Debtors from Spot Sales of Government Securities Pending Settlement 1,607,601 1,355,413 1,312,067 Sundry Debtors 810,757 441,191 447,246 Mutual Funds 4,264,431 4,516,228 4,544,877 Others 417,959 475,779 409,473 Total 9,047,932 10,339,256 6,719,581 |
Net Loans and Other Financing (
Net Loans and Other Financing (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Net Loans and Other Financing | “Net Loans and Other Financing” break down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Non-financial Public Sector 11,777 8,532 26,457 Argentine Central Bank 533 3,604 5,318 Financial Institutions 7,942,382 6,938,664 5,106,758 Loans 7,942,382 6,938,664 5,106,758 Non-financial 290,412,186 286,639,194 249,251,684 Loans 283,543,722 280,870,810 244,082,260 Overdrafts 14,430,578 16,680,960 18,501,897 Promissory Notes 36,020,263 52,455,181 46,613,651 Mortgage Loans 11,793,007 8,435,337 4,013,513 Collateralized Loans 997,958 1,591,432 1,249,027 Personal Loans 29,144,931 34,632,328 24,365,344 Credit Card Loans 113,395,362 125,176,057 129,153,045 Other Loans 74,793,302 44,962,639 23,313,178 Accrued Interest, Adjustments and Quotation Differences Receivable 5,388,298 335,344 (703,302 ) Documented Interest (2,419,977 ) (3,398,468 ) (2,424,093 ) Financial Leases 2,198,047 2,475,878 1,731,448 Other Financing 4,670,417 3,292,506 3,437,976 Less: Allowances (15,656,810 ) (9,235,235 ) (8,686,796 ) Total 282,710,068 284,354,759 245,703,421 |
Financial Assets Pledged as C_2
Financial Assets Pledged as Collateral (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Financial Assets Pledged as Collateral | “Financial Assets Pledged as Collateral” valued according to their underlying asset for the fiscal years under analysis break down as follows: 12.31.18 12.31.17 01.01.17 Deposits as Collateral 3,663,499 2,344,791 2,778,032 Special Escrow Accounts at the Argentine Central Bank 5,188,169 5,329,804 4,285,315 Forward Purchases of Monetary Regulation Instruments 53,736 1,660,746 3,032,246 Others 1,912,088 11,447 — Total 10,817,492 9,346,788 10,095,593 |
Current Income Tax Assets (Tabl
Current Income Tax Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Current Income Tax Assets | As of the indicated dates, the balances of “Current Income Tax Assets” relate to: 12.31.18 12.31.17 01.01.17 Tax Credits 94,918 134,740 216,396 Minimum Presumed Income Tax – Tax Credit Loss carryfoward — 142 27,086 Less: Allowance for Impairment of Minimum Presumed Income Tax – Tax Credit — (142 ) (8,551 ) Total 94,918 134,740 234,931 |
Summary of Tax Credits and Their Expiration of Minimum Presumed Income Tax | Tax loss carryfoward expiration dates of Minimum Presumed Income Tax are as follows: Tax Loss Carryfoward as of Date of Generation 12.31.18 12.31.17 01.01.17 Expiration Date 2006 — — 273 2016 2007 — 77 588 2017 2008 — 12 669 2018 2009 — 10 1,074 2019 2010 — 13 3,002 2020 2011 — 6 2,686 2021 2012 — 6 3,158 2022 2013 — 4 3,466 2023 2014 — 4 4,249 2024 2015 — 3 6,718 2025 2016 — 4 1,203 2026 2017 — 3 — 2027 2018 — — — 2028 Total — 142 27,086 |
Equity Investments in Subsidi_2
Equity Investments in Subsidiaries, Associates and Joint Ventures (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Equity Investments in Subsidiaries | The basic information regarding Grupo Financiero Galicia’s consolidated subsidiaries is detailed as follows: Direct and Indirect Shareholding Equity Investment % Company 12.31.18 12.31.17 12.31.18 12.31.17 Banco de Galicia y Buenos Aires S.A.U. 668,549,353 795,973,974 100 100 Cobranzas Regionales S.A. 8,300 7,700 83 77 Galicia Administradora de Fondos S.A. 20,000 20,000 100 100 Galicia Broker Asesores de Seguros S.A. 71,310 71,310 99.99 99.99 Galicia Retiro Compañía de Seguros S.A. 7,727,271 7,727,271 99.99 99.99 Galicia Seguros S.A. 1,830,883 1,830,883 99.99 99.99 Galicia Valores S.A. 1,000,000 1,000,000 100 100 Galicia Warrants S.A. 1,000,000 1,000,000 100 100 Financial Trust Galtrust I — — — 100 Financial Trust Saturno Créditos — — 100 100 Net Investment S.A. (in Liquidation) (*) — 12,000 — 100 Ondara S.A. 13,636,990 12,709,967 83.85 78.15 Sudamericana Holding S.A. 185,653 185,653 100 100 Tarjeta Naranja S.A. 2,344 2,174 83 77 Tarjetas Regionales S.A. 894,552,668 829,886,212 83 77 (*) The final distribution was paid out on January 9, 2018. |
Summary of Balances of Subsidiaries, According to the IFRS-based Accounting Framework | The following are the balances of subsidiaries, according to IFRS as of the indicated dates: 12.31.18 Company Assets Liabilities Shareholders’ Equity Net Income (*) Banco de Galicia y Buenos Aires S.A.U. 517,877,929 468,725,396 49,152,533 (1,789,529 ) Cobranzas Regionales S.A. 110,115 67,750 42,365 6,887 Galicia Administradora de Fondos S.A. 674,108 229,514 444,594 385,151 Galicia Broker Asesores de Seguros S.A. (**) 26,475 13,382 13,093 25,056 Galicia Retiro Compañía de Seguros S.A. (**) 249,069 186,776 62,293 24,293 Galicia Seguros S.A. (**) 2,703,486 1,654,652 1,048,834 544,122 Galicia Valores S.A. 258,936 39,877 219,059 66,678 Galicia Warrants S.A. 442,502 226,880 215,622 114 Financial Trust Saturno Créditos 17,055 1,184 15,871 (2,586 ) Ondara S.A. 22,511 22 22,489 1,636 Sudamericana Holding S.A. (**) 3,307,403 1,955,028 1,352,375 249,358 Tarjeta Naranja S.A. 51,194,581 41,875,082 9,319,499 2,068,688 Tarjetas Regionales S.A. 52,713,479 42,579,675 10,133,804 (2,139,323 ) (*) Income attributable to the shareholder’s of the parent. Not including “Other Comprehensive Income”. (**) Net income for the twelve-month period ended December 31, 2018. 12.31.17 Company Assets Liabilities Shareholders’ Equity Net Income (*) Banco de Galicia y Buenos Aires S.A.U. 480,374,665 416,511,409 63,863,256 5,664,659 Cobranzas Regionales S.A. 85,518 33,136 52,382 7,657 Galicia Administradora de Fondos S.A. 1,087,676 408,209 679,467 648,361 Galicia Broker Asesores de Seguros S.A. (**) 47,408 29,699 17,709 19,852 Galicia Retiro Compañía de Seguros S.A. (**) 285,152 224,780 60,372 6,384 Galicia Seguros S.A. (**) 2,907,428 1,739,299 1,168,129 599,791 Galicia Valores S.A. 259,016 34,034 224,982 73,052 Galicia Warrants S.A. 3,624,332 2,020,122 1,604,210 385,104 Financial Trust Galtrust I 208,171 503 207,668 97,817 Financial Trust Saturno Créditos 34,508 2,086 32,422 3,944 Net Investment S.A. (in Liquidation) (***) 419 — 419 (55 ) Ondara S.A. 37,738 6,951 30,787 8,693 Sudamericana Holding S.A. (**) 432,842 217,333 215,509 7,886 Tarjeta Naranja S.A. 53,189,426 41,598,049 11,591,377 3,643,368 Tarjetas Regionales S.A. 54,653,428 42,229,161 12,424,267 4,017,095 (*) Income attributable to the shareholder’s of the parent. Not including “Other Comprehensive Income”. (**) Net income for the twelve-month period ended December 31, 2017. (***) The final distribution was paid out on January 9, 2018. |
Summary of Investments in Associates and Joint Ventures | “Investments in Associates and Joint Ventures” break down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Prisma Medios de Pago S.A. (*) — — 259,687 Nova Re Compañía Argentina de Reaseguros S.A. (**) — — 27,115 Others 56 83 1,107 Allowances (56 ) (83 ) (1,107 ) Total — — 286,802 (*) As of December 31, 2017, it was classified to “Non-current (**) Equity investment sold in September 2017. |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Property, Plant and Equipment Under the Terms of Financial Lease Contracts | Real Estate Furniture and Fixtures Machines and Equipment Vehicles Total Cost — — 14,660 — 14,660 Accumulated Depreciation — — (14,660 ) — (14,660 ) Balance as of 12.31.18 — — — — — Real Estate Furniture and Fixtures Machines and Equipment Vehicles Total Cost — — 14,660 440 15,100 Accumulated Depreciation — — (14,660 ) (198 ) (14,858 ) Balance as of 12.31.17 — — — 242 242 Real Estate Furniture and Fixtures Machines and Equipment Vehicles Total Cost — — 14,660 1,576 16,236 Accumulated Depreciation — — (14,660 ) (811 ) (15,471 ) Balance as of 01.01.17 — — — 765 765 |
Summary of Estimated Future Lease Payments | The estimated future lease payments in connection with these properties are as follows: 12.31.18 12.31.17 01.01.17 Less than One Year 906,405 788,950 672,834 Over One Year and up to Five Years 5,284,731 2,185,391 1,917,092 Over Five Years 6,191,137 1,079,291 430,597 Total 12,382,273 4,053,632 3,020,523 |
Deferred Income Tax Assets_Li_2
Deferred Income Tax Assets/Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Changes in Deferred Income Tax Assets and Liabilities | Changes in “Deferred Income Tax Assets and Liabilities” during the fiscal years ended December 31, 2018 and December 31, 2017 are as follows: Deferred Tax Assets Item 12.31.17 Charge to Income Allowance for Impairment Others 12.31.18 Valuation of Securities 4,901 (3,325 ) — — 1,576 Other Financial Assets — 1,901 — (2,179 ) (278 ) Loans and Other Financing 927,737 595,664 — — 1,523,401 Property, Plant and Equipment (223,241 ) (455,616 ) — (21 ) (678,878 ) Intangible Assets — — — — — Tax Loss Carry-forwards — 7,612 (3,764 ) — 3,848 Other Non-financial 40,131 (6,137 ) — — 33,994 Non-current — (3,980 ) 1,876 2,104 — Allowance for Impairment 4,609 20,401 — — 25,010 Other Financial Liabilities 912 (16,843 ) — — (15,931 ) Provisions 17,201 92,545 — (55,234 ) 54,512 Other Non-financial 4,146 12,974 — 558 17,678 Quotation Difference 5,548 1,236 — — 6,784 Others (19,374 ) 22,895 — (2,262 ) 1,259 Totals 762,570 269,327 (1,888 ) (57,034 ) 972,975 Deferred Tax Liabilities Item 12.31.17 Charge to Income Allowance for Impairment Others 12.31.18 Valuation of Securities 16,718 (143,241 ) — — (126,523 ) Other Financial Assets (37,930 ) (13,364 ) — 2,179 (49,115 ) Loans and Other Financing 321,679 1,049,720 — — 1,371,399 Property, Plant and Equipment (2,784,001 ) (481,544 ) — 21 (3,265,524 ) Intangible Assets 258,221 (433,524 ) — — (175,303 ) Tax Loss Carry-forwards — — — — — Other Non-financial (154,315 ) (223,424 ) — — (377,739 ) Non-current (380,838 ) 383,774 — (2,104 ) 832 Allowance for Impairment — — — — — Subordinated Debt Securities (20,331 ) 2,734 — — (17,597 ) Provisions 200,091 131,926 — 55,234 387,251 Other Non-financial 494,380 (89,776 ) — (558 ) 404,046 Others (2,214 ) (55,421 ) — 2,262 (55,373 ) Totals (2,088,540 ) 127,860 — 57,034 (1,903,646 ) Deferred Tax Assets Item 01.01.17 Charge to Income Allowance for Impairment Others 12.31.17 Valuation of Securities 3,814 1,087 — — 4,901 Other Financial Assets (58 ) 58 — — — Loans and Other Financing 1,190,776 (263,039 ) — — 927,737 Property, Plant and Equipment (230,188 ) 83 — 6,864 (223,241 ) Intangible Assets (92 ) 92 — — — Tax Loss Carry-forwards 1,725 (1,725 ) — — — Other Non-financial 3,995 36,136 — — 40,131 Non-current — — — — — Allowance for Impairment 3,292 1,301 16 — 4,609 Other Financial Liabilities — 912 — — 912 Provisions 80,260 (9,796 ) — (53,263 ) 17,201 Other Non-financial 3,504 642 — — 4,146 Quotation Difference 16,022 (10,474 ) — — 5,548 Others (37,790 ) 18,416 — — (19,374 ) Totals 1,035,260 (226,307 ) 16 (46,399 ) 762,570 Deferred Tax Liabilities Item 01.01.17 Charge to Income Allowance for Impairment Others 12.31.17 Valuation of Securities (38,276 ) 54,994 — — 16,718 Other Financial Assets (30,062 ) (7,503 ) — (365 ) (37,930 ) Loans and Other Financing 387,020 (65,341 ) — — 321,679 Property, Plant and Equipment (3,415,959 ) 632,760 — (802 ) (2,784,001 ) Intangible Assets 570,959 (312,738 ) — — 258,221 Tax Loss Carry-forwards 272,828 (265,421 ) (7,716 ) 309 — Other Non-financial 5,018 (159,333 ) — — (154,315 ) Non-current — (378,067 ) (2,771 ) — (380,838 ) Allowance for Impairment (276,698 ) 54,977 221,721 — — Subordinated Debt Securities (3,173 ) (17,158 ) — — (20,331 ) Provisions 632,800 (484,267 ) — 51,558 200,091 Other Non-financial 50,291 445,557 — (1,468 ) 494,380 Others 1,655 (2,248 ) — (1,621 ) (2,214 ) Totals (1,843,597 ) (503,788 ) 211,234 47,611 (2,088,540 ) |
Summary of Changes in Deferred Income Tax Assets and Liabilities | In addition, the expiration dates of tax loss carry-forwards are as follows: Year of Generation Amount Year Due Deferred Tax Assets 2018 25,373 2023 7,612 |
Assets_Liabilities for Insura_2
Assets/Liabilities for Insurance Contracts (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Assets Related to Insurance Contracts | Assets related to insurance contracts as of the indicated dates are detailed as follows: Assets for Insurance Contracts 12.31.18 12.31.17 01.01.17 Premiums Receivable 964,214 1,006,658 962,651 Receivables from Reinsurers 5,361 5,128 6,143 Fees to collect 2,455 — 12,828 Others 10,472 9,917 7,101 Total 982,502 1,021,703 988,723 |
Liabilities Related to Insurance Contracts | Liabilities related to insurance contracts as of the indicated dates are detailed as follows: Liabilities for Insurance Contracts 12.31.18 12.31.17 01.01.17 Debts with Insured 373,600 416,318 420,249 Debts with Reinsurers 9,702 25,904 (1,535 ) Debts with Co-insurers 2,639 3,608 4,741 Debts with Insurance Brokers 185,930 191,681 195,257 Statutory Reserves 571,225 589,255 561,227 Unpaid Losses to Be Borne by Reinsurers (Offset Account) (39,876 ) (31,119 ) (25,777 ) Total 1,103,220 1,195,647 1,154,162 |
Summary of Debts with Insureds | Debts with Insured 12.31.18 12.31.17 01.01.17 Property Insurance 105,517 93,082 66,389 Administrative Direct Insurance 60,118 48,569 37,146 Direct Insurance in Litigation 9,966 9,060 4,710 Direct Insurance in Mediation 426 741 702 Settled Losses to be Paid 1,609 2,438 2,463 Unpaid Losses for Active Reinsurance and Retrocession 1,038 793 — Incurred But Not Reported Losses - IBNR 32,360 31,481 21,368 Life Insurance 268,074 322,997 353,615 Administrative Direct Insurance 243,850 294,959 308,463 Direct Insurance in Litigation 4,752 5,528 3,534 Direct Insurance in Mediation 668 1,389 1,094 Settled Losses to be Paid 1,424 3,673 4,907 Unpaid Losses for and Active Reinsurance and Retrocession 4,400 2,826 — Incurred But Not Reported Losses - IBNR 12,714 14,229 35,125 Surrenders Payable 265 391 488 Payables for Premiums to be Refunded 1 2 4 Retirement Insurance 9 239 245 Past Due Annuities Payable 9 239 245 Total 373,600 416,318 420,249 |
Summary of Net Gross and Reinsurers Share for Amounts Arising from Insurance Contracts | Debts with Reinsurers and Co-insurers Current Account Reinstatement Premiums Minimum Deposit Premium to Be Accrued Deposits Collateral Unpaid Losses to Be Borne by Reinsurers Total IBNR to Be Borne by Reinsurers 21,852 — (12,150 ) — (39,876 ) (30,174 ) Debts with Co-insurers 2,639 — — — — 2,639 Total as of 12.31.18 24,491 — (12,150 ) — (39,876 ) (27,535 ) Total as of 12.31.17 45,064 — (15,552 ) — (31,119 ) (1,607 ) |
Summary of Debts with Insurance Brokers | Debts with Insurance Brokers 12.31.18 12.31.17 01.01.17 Current Account - Insurance Brokers 45,225 47,263 87,939 Commissions on Premiums Receivable 113,238 114,482 62,016 Underwriting Expenses Payable 27,467 29,936 45,302 Total 185,930 191,681 195,257 |
Summary of Statutory Reserves | Statutory Reserves 12.31.18 12.31.17 01.01.17 Unearned Premiums and Similar 327,392 296,487 241,924 Premiums and Surcharges 316,672 301,076 293,729 Premiums on Passive Reinsurance (14,516 ) (35,710 ) (52,067 ) Active Reinsurance 25,236 30,948 — Insufficient Premiums — 173 262 Mathematical Reserves 243,833 292,768 319,303 Mathematical Reserves - Individual Life Insurance 80,545 88,543 91,918 Mathematical Reserves - Individual Retirement Insurance 67,088 47,960 54,051 Mathematical Reserves of Life Annuities 95,179 118,224 133,611 Provision for Restoring the Mathematical Reserve 7 12 6 Fluctuation Funds 1,014 38,029 39,717 Total 571,225 589,255 561,227 |
Summary of Assumption Used for Current Estimates of Future Cash Flows Derived from Insurance Contract | Insurance liabilities were recorded according to the liability adequacy test, using the current estimates of future cash flows derived from insurance contracts. The assumptions used are as follows: Mortality Table GAM 94 Investment (Discount) Rate 3.38% Benchmark Rate Projected benchmark rate based on a share of CER starting with 1.36% in the case of voluntary retirement and 1.63% in the case of life annuities. Administrative Expenses 682 in the case of voluntary retirement and 620 in the case of life annuities |
Other Non-financial Assets (Tab
Other Non-financial Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Non-financial Assets | “Other Non-financial 12.31.18 12.31.17 01.01.17 Shareholders — — 50,431 Payments in Advance of Directors’ and Syndics’ Fees 2,071 5,054 19,527 Payments in Advance to Personnel 50,385 18,382 18,416 Tax Credits 115,558 61,460 251,330 Payments in Advance 448,545 449,312 398,684 Advances for Purchase of Assets 1,141,114 2,180,993 1,103,230 Investment properties (*) 290,894 296,418 302,453 Other Miscellaneous Assets Measured at Cost 696,996 588,468 681,033 Assets Acquired through Foreclosures 32,852 54,787 31,041 Others 46,354 83,256 163,523 Total 2,824,769 3,738,130 3,019,668 (*) Changes in “Investment Properties” are detailed in Schedule F. |
Non-current Assets Held for S_2
Non-current Assets Held for Sale and Discontinued Operations (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Classification of Assets as Assets Held for Sale and Discontinued Operations | The Group has classified the following assets as “Assets Held for Sale and Discontinued Operations”: 12.31.18 12.31.17 01.01.17 Equity Investments 414,778 10,855,802 10,914,825 Prisma Medios de Pago S.A. 414,778 374,937 — Compañía Financiera Argentina S.A. (*) — 10,425,762 10,859,722 Cobranzas y Servicios S.A. (*) — 55,103 55,103 Other Debt Securities 188,947 — — Financial Trust Crecere III, IV, V, VI, VII and VIII 188,947 — — Property, Plant and Equipment 4,290 4,289 4,291 Real Estate 4,290 4,289 4,291 Total 608,015 10,860,091 10,919,116 (*) The amount relates to the balance of assets held for sale were booked under “Non-current Non-financial |
Summary of Discontinued Operations | The information below is related to the Group’s discontinued operations (Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A.): Compañía Financiera Argentina S.A. 12.31.2017 Assets 10,425,762 Cash and Due from Banks 754,856 Securities 30,911 Loans 9,058,863 Miscellaneous Receivables 383,937 Equity Investments 7,927 Bank Property, Plant and Equipment 73,093 Miscellaneous Assets 3,709 Intangible Assets 112,466 Liabilities (*) 8,620,104 Deposits 2,603,478 Debt Securities 2,304,169 Other Liabilities Resulting from Financial Brokerage 3,039,665 Miscellaneous Liabilities 594,386 Provisions 78,406 (*) Recorded in “Other Non-financial Cobranzas y Servicios S.A. 12.31.2017 Assets 55,103 Cash and Due from Banks 545 Securities 23,707 Miscellaneous Receivables 30,851 Liabilities (*) 42,202 Miscellaneous Liabilities 42,202 (*) Recorded in “Other Non-financial Assets 12.31.17 01.01.17 Equity Investments in Subsidiaries Compañía Financiera Argentina S.A. 1,805,658 2,239,617 Cobranzas y Servicios S.A. 12,901 12,902 Total Assets 1,818,559 2,252,519 |
Deposits (Tables)
Deposits (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Deposits | Deposits break down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 In Pesos 197,429,716 192,412,724 183,073,374 Checking Accounts 39,854,371 48,899,103 51,553,662 Savings Accounts 61,128,663 61,068,905 47,849,922 Time Deposits 89,204,808 78,139,750 79,111,568 Time Deposits – UVA 1,984,548 889,541 153,275 Others 1,273,540 1,307,966 2,780,765 Interest and Adjustments 3,983,786 2,107,459 1,624,182 In Foreign Currency 162,667,559 103,954,632 94,004,188 Savings Accounts 137,762,699 87,181,645 50,026,752 Time Deposits 24,064,063 16,162,106 12,356,404 Others 792,809 587,628 31,605,693 Interest and Adjustments 47,988 23,253 15,339 Total 360,097,275 296,367,356 277,077,562 |
Other Financial Liabilities (Ta
Other Financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Financial Liabilities | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Payables for Purchases Pending Settlement 1,512,197 1,597,375 1,993,765 Collections and Other Transactions on Account of Third Parties 7,646,888 4,649,744 5,891,142 Liabilities due to Financing of Purchases 36,894,587 39,185,267 38,237,617 Payables for Foreign Currency Purchase Pending Settlement 14,409,983 7,455,274 9,124,786 Commissions Accrued Payable 344,570 295,660 205,413 Miscellaneous Subject to Minimum Cash Requirements 507,101 417,075 584,706 Miscellaneous not Subject to Minimum Cash Requirements 1,195,353 918,298 507,406 Other Financial Liabilities 724,363 832,106 549,941 Total 63,235,042 55,350,799 57,094,776 |
Loans from the Argentine Cent_2
Loans from the Argentine Central Bank and Other Financial Institutions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Loans from the Argentina Central Bank and Other Financial Institutions | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Loans from the Argentine Central Bank 28,675 22,623 23,450 Correspondents 1,583,638 614,362 2,104,863 Loans from Local Financial Institutions 5,719,582 3,552,963 6,511,273 Loans from Foreign Financial Institutions 7,474,069 6,056,735 3,840,658 Loans from International Entities 4,640,064 1,371,619 236,901 Total 19,446,028 11,618,302 12,717,145 |
Schedule of Credit Lines with Local and International Financial Institutions and Entities | The following table details the credit lines with local and international financial institutions and entities as of the indicated dates: Financial Institutions and/or Entities Date of Placement Currency Term (*) Rate (*) Maturity Date Amount as 12.31.18 (**) Local 5,748,257 BICE Miscellaneous $ 1,838 days 50.88 Miscellaneous 2,844,547 BICE Miscellaneous US$ 1,792 days 4.36 Miscellaneous 115,799 Call Taken 12.28.18 $ 5 days 55.94 01.02.19 804,056 Argentine Central Bank 12.28.18 $ 5 days — 01.02.19 27,681 Argentine Central Bank 12.18.18 US$ 5 days — 01.02.19 994 Other Lines (1) Miscellaneous $ 364 days 45.89 Miscellaneous 1,955,180 International 13,697,771 Correspondents 12.31.18 US$ 2 days — 01.02.19 1,583,638 IFC Miscellaneous US$ 945 days 5.78 Miscellaneous 4,591,008 Prefinancing Miscellaneous US$ 235 days 3.96 Miscellaneous 5,643,958 IDB Miscellaneous US$ 351 days 4.44 Miscellaneous 1,879,167 Total 19,446,028 (*) Weighted average. (**) It includes principal and interest. (1) Relates to regional credit-card companies’ credit lines. Financial Institutions and/or Entities Date of Placement Currency Term (*) Rate (*) Maturity Date Amount as 12.31.17 (**) Local 3,575,586 BICE Miscellaneous $ 1,875 days 23.84 Miscellaneous 3,253,133 BICE Miscellaneous US$ 1,086 days 3.38 Miscellaneous 3,855 Call Taken 12.28.17 $ 5 days 24.5 01.02.18 93,699 Argentine Central Bank 12.28.17 $ 5 days — 01.02.18 21,565 Argentine Central Bank 12.28.17 US$ 5 days — 01.02.18 1,058 Other Lines (1) Miscellaneous $ 365 days 27.95 Miscellaneous 202,276 International 8,042,716 Correspondents 12.29.17 US$ 4 days — 01.02.18 614,362 IFC Miscellaneous US$ 1,085 days 5.59 Miscellaneous 1,247,368 Prefinancing Miscellaneous US$ 208 days 2.89 Miscellaneous 5,701,293 Proparco Miscellaneous US$ 351 days 4.96 Miscellaneous 28,751 IDB Miscellaneous US$ 240 days 3.21 Miscellaneous 450,942 Total 11,618,302 (*) Weighted average. (**) It includes principal and interest. (1) Relates to regional credit-card companies’ credit lines. Financial Institutions and/or Entities Date of Placement Currency Term (*) Rate (*) Maturity Date Amount as 01.01.17 (**) Local 6,578,602 BICE Miscellaneous $ 1,648 days 23.67 Miscellaneous 2,174,110 BICE Miscellaneous US$ 1,170 days 4.5 Miscellaneous 7,400 Call Taken 12.30.16 $ 3 days 25.38 01.02.17 304,021 Argentine Central Bank 12.30.16 $ 3 days — 01.02.17 21,180 Argentine Central Bank 12.30.16 US$ 3 days — 01.02.17 2,270 Other Lines (1) Miscellaneous $ 490 days 28.44 Miscellaneous 4,025,742 Correspondents 12.30.16 $ 3 days — 01.02.17 43,879 International 6,138,543 Correspondents 12.30.16 US$ 3 days — 01.02.17 2,060,984 IFC Miscellaneous US$ 1,209 days 5.8 Miscellaneous 146,024 Prefinancing Miscellaneous US$ 267 days 2.57 Miscellaneous 3,840,658 Proparco Miscellaneous US$ 210 days 4.96 Miscellaneous 90,877 Total 12,717,145 (*) Weighted average. (**) It includes principal and interest. (1) Primarily relates to regional credit-card companies’ credit lines. |
Debt Securities (Tables)
Debt Securities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Breakdown of the Global Programs for the Issuance of Debt Securities outstanding | The following is a breakdown of the Global Programs for the Issuance of Debt securities outstanding: Company Authorized Amount (*) Type of Debt Securities Term of Program Date of Approval by Shareholders’ Meeting Approval by the C.N.V. Grupo Financiero Galicia S.A. US$ 100,000 Simple debt securities not convertible into shares 5 years 03.09.09 Resolution No. 16113 dated 04.29.09 and extended through Resolution No. 17343 dated 05.08.14 Authorization of the increase, Resolution No. 17064 dated 04.25.13 Banco de Galicia y Buenos Aires S.A.U. US$ 2,100,000 Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. 5 years 04.28.05, Resolution No. 15228 dated 11.04.05 and extended through Resolution No. 16454 dated 11.11.10 and Resolution No. 17883 dated 11.20.15. Increase of the amount approved by Resolutions Nos. 17883 dated 11.20.15, No. 18081 dated 06.10.16, No. 18480 dated 01.26.17 and No. 19520 dated 05.17.18 Tarjeta Naranja S.A. US$ 650,000 Simple debt securities, not convertible into shares 5 years 03.08.12 Resolution No. 16822 dated 05.23.12 and extended through Resolution No. 17676 dated 05.21.15. Tarjetas Cuyanas S.A. US$ 250,000 Simple debt securities, not convertible into shares 5 years 03.30.10 Resolution No. 16328 dated 05.18.10 Authorization of the increase, Resolution No. 17072 dated 05.02.13 (*) Or its equivalent in any other currency. |
Summary of Unsubordinated Debt Securities Outstanding Issued Under the Global Programs | The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2018, net of repurchases of Own Debt: Company Date of Placement Currency Class ON. Face Value Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 12.31.18 Banco de Galicia y Buenos Aires S.A.U. 02.17.17 $ Class III US$ 150,537 (1) Simple 36 Months — (1)(3) 02.06.17 2,471,648 Banco de Galicia y Buenos Aires S.A.U. 05.18.17 $ IV $ 2,000,000 Simple 36 Months — (2)(4) 05.08.17 2,126,523 Banco de Galicia y Buenos Aires S.A.U. 04.26.18 $ V Series I $ 4,209,250 Simple 24 Months — (5) 04.18.18 4,898,450 Banco de Galicia y Buenos Aires S.A.U. 04.26.18 $ V Series II $ 2,032,833 Simple 36 Months — (6) 04.18.18 2,174,984 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 366,908 Simple 1,095 04.13.19 Minimum 37% 03.28.16 412,803 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 475,397 Simple 1,461 06.29.20 Minimum 06.21.16 541,106 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 774,389 Simple 1,461 09.27.20 Minimum 09.15.16 728,000 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 636,409 Simple 1,095 12.07.19 Minimum 11.23.16 648,695 Tarjeta Naranja S.A. 04.11.17 $ XXXVII $ 3,845,700 Simple 1,826 04.11.22 Minimum 03.30.17 4,083,446 Tarjeta Naranja S.A. 11.13.17 $ XXXVIII $ 503,333 Simple 546 days 05.13.19 Minimum 11.07.17 538,056 Tarjeta Naranja S.A. 02.14.18 $ XXXIX $ 754,538 Simple 546 days 09.14.19 Minimum 02.02.18 803,823 Tarjeta Naranja S.A. 04.10.18 $ XL Series $ 597,500 Simple 548 days 10.10.19 25.98% 03.27.18 708,732 Tarjeta Naranja S.A. 04.10.18 $ XL Series $ 1,402,500 Simple 914 days 10.10.20 Minimum 03.27.18 1,547,760 Tarjeta Naranja S.A. 11.15.18 $ XLI $ 854,102 Simple 365 days 11.15.19 54% Fixed — 905,479 Tarjeta Naranja S.A. 11.15.18 $ XLI $ 343,555 Simple 547 days 05.15.20 Badlar + 10% — 346,775 Tarjeta Naranja S.A. 12.17.18 $ XLII $ 1,266,303 Simple 287 days 09.30.19 58% Fixed — 1,234,147 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 234,309 Simple 1,095 05.05.19 Minimum 04.22.16 172,255 Tarjeta Naranja S.A. (***) 07.26.16 $ XXV $ 400,000 Simple 1,461 07.26.20 Minimum 07.13.16 430,504 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 350,237 Simple 1,461 10.24.20 Minimum 10.14.16 358,563 Tarjeta Naranja S.A. (***) 02.10.17 $ XXVII $ 500,000 Simple 1,095 02.10.20 Minimum 02.02.17 500,457 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 128,175 Simple 730 days 06.09.19 Minimum 05.29.17 126,755 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 371,825 Simple 1,461 06.09.21 Minimum 05.29.17 374,000 Total 26,132,961 (*) It includes principal and interest. (**) Not convertible into shares. (***) Negotiable Obligations merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. (1) As specified in the terms and conditions of the issuance, they were converted to $2,360,360 Investor assumes the exchange rate risk since the service of interest and principal is calculated on the basis of the principal amount in Pesos converted into US Dollars on each payment date. (2) The net proceeds from this issuance of negotiable obligations was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Negotiable Obligations and the Argentine Central Bank regulations. (3) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.69%, which will be payable quarterly as from May 17, 2017. (4) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.98%, which will be payable quarterly as from August 18, 2017. (5) Annual nominal fixed 25.98% rate; principal and interest will be settled in full upon maturity. (6) Variable rate equal to the simple arithmetic average of private Badlar, plus 3.5%, which will be payable quarterly as from July 26, 2018. Principal in respect of this Series will be repaid upon maturity. On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the “Green Bond” which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year 36-month Under the Global Program for the Issuance of Debt Securities outstanding, after year-end, 7-months The Company has the following Unsubordinated Debt Securities outstanding issued under the Global Programs detailed in the table above as of December 31, 2017, net of repurchases of Own Debt: Company Date of Placement Currency Class ON. Face Value Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 12.31.17 Banco de Galicia y Buenos Aires S.A.U. 02.17.17 $ III US$ 150,537 (1) Simple 36 — (1)(3) 02.06.17 3,589,743 Banco de Galicia y Buenos Aires S.A.U. 05.18.17 $ IV $ 2,000,000 Simple 36 — (2)(4) 05.08.17 3,037,480 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 366,908 Simple 1,095 04.13.19 Minimum 03.28.16 553,033 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 475,397 Simple 1,461 06.29.20 Minimum 06.21.16 697,050 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 225,611 Simple 546 03.27.18 Minimum 09.15.16 335,414 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 774,389 Simple 1,461 09.27.20 Minimum 09.15.16 1,117,422 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 210,571 Simple 547 06.07.18 Minimum 11.23.16 313,977 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 636,409 Simple 1,095 12.07.19 Minimum 11.23.16 922,082 Tarjeta Naranja S.A. 04.11.17 $ XXXVII $ 3,845,700 Simple 1,826 04.11.22 Minimum 03.30.17 5,940,224 Tarjeta Naranja S.A. 11.13.17 $ XXXVIII $ 503,333 Simple 546 05.13.19 Minimum 11.07.17 762,789 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 234,309 Simple 1,095 05.05.19 Minimum 04.22.16 305,617 Tarjeta Naranja S.A. (***) 07.26.16 $ XXV $ 400,000 Simple 1,461 07.26.20 Minimum 07.13.16 619,400 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 149,763 Simple 547 04.24.18 Minimum 10.14.16 231,713 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 350,237 Simple 1,461 10.24.20 Minimum 10.14.16 448,220 Tarjeta Naranja S.A. (***) 02.10.17 $ XXVII $ 500,000 Simple 1,095 02.10.20 Minimum 02.02.17 761,711 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 128,175 Simple 730 06.09.19 Minimum 05.29.17 192,243 Tarjeta Naranja S.A. (***) 06.09.17 $ XXVIII $ 371,825 Simple 1,461 06.09.21 Minimum 05.29.17 451,047 Total 20,279,165 (*) It includes principal and interest. (**) Not convertible into shares. (***) Negotiable Obligations merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. (1) As specified in the terms and conditions of the issuance, they were converted to $2,360,360. Investor assumes the exchange rate risk since the service of interest and principal is calculated on the basis of the principal amount in Pesos converted into US Dollars on each payment date. (2) The net proceeds from this issuance of negotiable obligations was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Negotiable Obligations and the Argentine Central Bank regulations. (3) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.69%, which will be payable quarterly as from May 17, 2017. (4) Variable rate equal to the simple arithmetic average of private Badlar, plus 2.98%, which will be payable quarterly as from August 18, 2017. The Company has the following Unsubordinated Debt securities outstanding issued under the Global Programs detailed in the table above as of January 1, 2017, net of repurchases of Own Debt securities: Company Date of Placement Currency Class ON. Face Value Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 01.01.17 Grupo Financiero Galicia S.A. 01.30.14 $ V Series $ 78,200 Simple 36 01.31.17 Variable 5.25% 04.25.13 150,085 Grupo Financiero Galicia S.A. 10.23.14 $ VI $ 109,845 Simple 36 10.23.17 Variable +4.25% 10.03.14 209,826 Grupo Financiero Galicia S.A. 07.27.15 $ VII $ 160,000 Simple 24 07.27.17 (1) 07.16.15 298,906 Banco de Galicia y Buenos Aires S.A.U. 05.04.11 US$ — US$ 300,000 Simple 84 — (2)(3) 04.14.11 8,666,274 Tarjeta Naranja S.A. 01.28.11 US$ XII US$ 200,000 Simple 2,192 01.28.17 Annual Fixed at 01.14.11 2,024,736 Tarjeta Naranja S.A. 02.26.14 $ XXIV $ 33,500 Simple 1,096 02.26.17 Variable 5% 02.14.14 63,583 Tarjeta Naranja S.A. 01.22.15 $ XXVIII $ 129,000 Simple 731 01.22.17 Variable 4.5% 01.09.15 48,759 Tarjeta Naranja S.A. 04.27.15 $ XXIX $ 334,030 Simple 731 04.27.17 27.75% Rate/ 04.16.15 320,917 Tarjeta Naranja S.A. 06.29.15 $ XXX $ 400,000 Simple 731 06.29.17 27.75% Rate/ 06.18.15 620,374 Tarjeta Naranja S.A. 10.19.15 $ XXXI $ 370,851 Simple 548 04.19.17 27% Rate/ 10.07.15 348,211 Tarjeta Naranja S.A. 01.20.16 $ XXXII $ 260,811 Simple 639 10.20.17 Variable +4.5% 12.15.15 293,380 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 133,092 Simple 548 10.13.17 Minimum Rate/ 03.28.16 231,198 Tarjeta Naranja S.A. 04.13.16 $ XXXIII $ 366,908 Simple 1,095 04.13.19 Minimum Rate/ 03.28.16 704,916 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 124,603 Simple 548 12.29.17 Minimum Rate/ +3.38% 06.21.16 192,226 Tarjeta Naranja S.A. 06.29.16 $ XXXIV $ 475,397 Simple 1,461 06.29.20 Minimum Rate/ +4.67% 06.21.16 859,445 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 225,611 Simple 546 03.27.18 Minimum Rate/ +2.99% 09.15.16 413,913 Tarjeta Naranja S.A. 09.27.16 $ XXXV $ 774,389 Simple 1,461 09.27.20 Minimum Rate/ +3.99% 09.15.16 1,385,944 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 210,571 Simple 547 06.07.18 Minimum Rate/ +3.25% 11.23.16 360,637 Tarjeta Naranja S.A. 12.07.16 $ XXXVI $ 636,409 Simple 1,095 12.07.19 Minimum Rate/ +4% 11.23.16 1,023,720 Carry-foward 18,217,050 Company Date of Placement Currency Class ON. Face Type (**) Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount (*) of 01.01.2017 Carry-back 18,217,050 Tarjeta Naranja S.A.(***) 02.20.15 $ XIX $ 75,555 Simple 731 02.20.17 Variable 02.06.15 19,218 Tarjeta Naranja S.A. (***) 08.12.15 $ XXI $ 232,000 Simple 550 02.12.17 Variable +4.5% 07.29.15 381,218 Tarjeta Naranja S.A.(***) 11.13.15 $ XXII $ 300,000 Simple 547 05.13.17 Variable 11.03.15 570,817 Tarjeta Naranja S.A. (***) 03.16.16 $ XXIII $ 242,000 Simple 549 09.16.17 Minimum Rate/ +4.99% 03.07.16 302,381 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 65,691 Simple 549 11.05.17 Minimum Rate/ +4.08% 04.22.16 125,645 Tarjeta Naranja S.A. (***) 05.05.16 $ XXIV $ 234,309 Simple 1,095 05.05.19 Minimum Rate/ + 4.98% 04.22.16 354,070 Tarjeta Naranja S.A. (***) 07.26.16 $ XXV $ 400,000 Simple 1,461 07.26.20 Minimum Rate/ + 3.94% 07.13.16 677,665 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 149,763 Simple 547 04.24.18 Minimum Rate/ + 2.75% 10.14.16 289,314 Tarjeta Naranja S.A. (***) 10.24.16 $ XXVI $ 350,237 Simple 1,461 10.24.20 Minimum Rate/ 10.14.16 676,589 Tarjetas del Mar S.A. 02.19.16 $ I $ 150,000 Simple 18 08.19.17 Variable +4.5% 02.04.16 234,493 Total 21,848,460 (*) It includes principal and interest. (**) Not convertible into shares. (1) Annual nominal 27% fixed rate during the first nine months, and variable Badlar plus an annual 4.25% rate for the following 15 months. (2) On May 4, 2017, Banco Galicia redeemed all outstanding negotiable obligations due 2018, at a price equal to 100% of their residual face value, plus accrued interest up to, but excluding, the redemption date. (3) The net proceeds from this issuance of negotiable obligations was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Negotiable Obligations and the Argentine Central Bank regulations. |
Summary of Repurchases of Own Debt Securities | The repurchases of Own Debt securities as of the indicated dates are as follows: Company ON Class Face Value as of 12.31.18 Carrying Amount (*) 12.31.18 Banco de Galicia y Buenos Aires S.A.U. Class III 2,335 36,437 Banco de Galicia y Buenos Aires S.A.U. Class V – Series II 48,000 47,178 Tarjeta Naranja S.A. Class XXXV Series II 51,500 49,783 Tarjeta Naranja S.A. Class XXXVI Series II 10,000 10,546 Tarjeta Naranja S.A. Class XXXVII 11,783 184,535 Tarjeta Naranja S.A. Class XXXVIII 3,870 4,135 Tarjeta Naranja S.A. Class XXXIX 5,000 5,351 Tarjeta Naranja S.A. Class XL 16,000 17,504 Tarjeta Naranja S.A. Class XLI Series I 1,000 936 Tarjeta Naranja S.A. Class XLI Series II 19,000 20,227 Tarjeta Naranja S.A. Class XLII 50,000 54,389 Tarjeta Naranja S.A. (**) Class XXIV Series II 80,000 82,947 Tarjeta Naranja S.A. (**) Class XXV Series II 9,000 8,984 Tarjeta Naranja S.A. (**) Class XXVI Series II 25,000 27,027 Tarjeta Naranja S.A. (**) Class XXVII Series I 36,761 37,282 Tarjeta Naranja S.A. (**) Class XXVII Series II 5,488 5,757 Tarjeta Naranja S.A. (**) Class XXVIII Series II 8,254 8,501 Total 601,519 (*) It includes principal and interest. (**) Debt securities merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. Company ON Class Face Value as of 12.31.17 Carrying Amount (*) of 12.31.17 Banco de Galicia y Buenos Aires S.A.U. Class III 290 6,863 Tarjeta Naranja S.A. Class XXXIII Series II 13,231 21,313 Tarjeta Naranja S.A. Class XXXIV Series II 2,111 3,270 Tarjeta Naranja S.A. Class XXXV Series II 15,500 23,786 Tarjeta Naranja S.A. Class XXXVI Series I 2,000 2,984 Tarjeta Naranja S.A. Class XXXVI Series II 20,000 31,372 Tarjeta Naranja S.A. Class XXXVIII 2,000 3,040 Tarjeta Naranja S.A. (**) Class XXIV Series II 35,000 55,333 Tarjeta Naranja S.A. (**) Class XXVI Series II 60,540 94,889 Tarjeta Naranja S.A. (**) Class XXVII Series II 2,871 4,251 Tarjeta Naranja S.A. (**) Class XXVIII Series II 66,659 106,851 Total 353,952 (*) It includes principal and interest. (**) Debt securities merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. Company ON Class Face Value as of 01.01.17 Carrying Amount (*) of 01.01.17 Grupo Financiero Galicia S.A. VII 3,000 5,776 Banco de Galicia y Buenos Aires S.A.U. — US$ 7,865 241,671 Tarjeta Naranja S.A. XIII US$ 3,998 40,031 Tarjeta Naranja S.A. XXVIII Series II 35,000 22,463 Tarjeta Naranja S.A. XXIX 3,500 6,729 Tarjeta Naranja S.A. XXX 65,900 119,696 Tarjeta Naranja S.A. XXXI 20,730 40,109 Tarjeta Naranja S.A. XXXII 109,257 211,429 Tarjeta Naranja S.A. XXXIII Series I 14,000 27,250 Tarjeta Naranja S.A. XXXIII Series II 3,184 6,335 Tarjeta Naranja S.A. XXXIV Series I 20,000 36,717 Tarjeta Naranja S.A. XXXIV Series II 6,111 11,286 Tarjeta Naranja S.A. XXXV Series II 17,500 32,460 Tarjeta Naranja S.A. XXXVI Series I 16,610 30,984 Tarjeta Naranja S.A. XXXVI Series II 85,228 159,460 Tarjeta Naranja S.A. (**) XIX Series II 65,500 123,871 Tarjeta Naranja S.A. (**) XXI 31,383 60,648 Tarjeta Naranja S.A. (**) XXIII 79,243 148,408 Tarjeta Naranja S.A. (**) XXIV Series II 49,000 94,683 Tarjeta Naranja S.A. (**) XXV 52,000 99,338 Tarjetas del Mar S.A. I 30,259 56,736 Total 1,576,080 (*) It includes principal and interest. (**) Debt securities merged into by Tarjeta Naranja S.A. following its merger with Tarjetas Cuyanas S.A. Related-party information is disclosed in Note 52. |
Subordinated Debt Securities (T
Subordinated Debt Securities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Subordinated Debt Securities Not Convertible Into Shares Issued Under Global Programs | The Company has the following subordinated debt securities not convertible into shares issued under the Global Programs detailed in Note 28 as of the close of the fiscal year: Company Date of Placement Currency ON Face Value Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount as of 12.31.18 (*) Banco de Galicia y Bs. As. S.A.U. 07.19.16 US$ — US$ 250,000 120 months (1) — (2)(3) 06.23.16 9,767,874 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. (3) The net proceeds from this issuance of debt securities was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Debt securities and the Argentine Central Bank regulations. Company Date of Placement Currency ON Class Face Value Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount as of 12.31.17 (*) Banco de Galicia y Bs. As. S.A.U. 07.19.16 US$ — US$ 250,000 120 months (1) — (2)(3) 06.23.16 7,128,356 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. until the date of Date Securities.. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. (3) The net proceeds from this issuance of debt securities was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Debt securities and the Argentine Central Bank regulations. Company Date of Placement Currency ON Face Value Term Maturity Date Rate Issuance Authorized by the C.N.V. Carrying Amount as of 01.01.17 (*) Banco de Galicia y Bs. As. S.A.U. 07.19.16 US$ — US$ 250,000 120 months (1) — (2)(3) 06.23.16 7,490,444 (*) It includes principal and interest. (1) Amortization shall be fully made upon maturity, on July 19, 2026, unless redeemed, at the issuer’s option, fully at a price equal to 100% of the outstanding principal plus accrued and unpaid interest. (2) Fixed 8.25% rate p.a. (as from the issuance date to July 19, 2021, inclusively); and margin to be added to the nominal Benchmark Readjustment Rate of 7.156% p.a. to the due date of Debt securities. Such interest shall be payable semiannually on January 19 and July 19 as from 2017. (3) The net proceeds from this issuance of debt securities was applied to investments in working capital, loans, other loans and other uses envisaged by the provisions of the Law on Debt securities and the Argentine Central Bank regulations. |
Provisions (Tables)
Provisions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Provisions | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 For Administrative, Disciplinary and Criminal Penalties 5,306 7,357 10,134 For Termination Benefits 86,926 109,295 83,322 Others 1,357,091 780,608 615,757 Total 1,449,323 897,260 709,213 |
Summary of Changes in Provisions | Changes for FY 2017 are disclosed below: Decreases Balances at Balances Beginning of Inflation as of Item Year Increases Reversals Uses effect 12.31.17 Provisions 709,213 554,042 (48,493 ) (148,917 ) (168,585 ) 897,260 Total 709,213 554,042 (48,493 ) (148,917 ) (168,585 ) 897,260 |
Other Non-financial Liabiliti_2
Other Non-financial Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Non-financial Liabilities | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 01.01.17 Withholdings and Additional Withholdings Payable 2,901,402 2,781,222 3,212,628 Salaries and Social Security Contributions Payable 2,841,885 2,227,181 2,153,525 Withholdings Payable on Salaries 185,625 160,765 205,275 Value-Added Tax 527,563 519,125 492,704 Sundry Creditors 1,601,166 3,558,480 1,267,562 Liabilities for Assets Held for Sale (*) — 8,662,306 8,662,306 Taxes Payable 1,930,074 1,920,028 1,390,508 Liabilities Arising from Contracts with Customers 1,071,636 1,061,197 834,413 Other Non-financial 412,179 252,150 307,036 Total 11,471,530 21,142,454 18,525,957 (*) Liabilities of Compañía Financiera Argentina S.A. and Cobranzas y Servicios S.A. (See Note 23). |
Summary of Estimated Use of Liability | The following table shows the estimated use of the liabilities recorded as of this fiscal year-end. Terms Item Up to 12 Months Up to 24 Months Over 24 Months Total Liabilities – “ Quiero 394,901 330,615 192,859 918,375 |
Gold and Foreign Currency Quo_2
Gold and Foreign Currency Quotation Differences (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Gold and Foreign Currency Quotation Differences | The account breaks down as follows as of the indicated dates: Originated by: 12.31.18 12.31.17 Foreign Currency Brokerage 5,989,359 2,942,860 Valuation of Foreign Currency Assets and Liabilities (2,212,288 ) 536,001 Total 3,777,071 3,478,861 |
Other Operating Income (Tables)
Other Operating Income (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Operating Income | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Commission on Product Package 2,730,875 2,803,596 Other Adjustments and Interest from Miscellaneous Receivables 1,599,459 456,234 Rental of Safe Deposit Boxes 516,123 512,318 Other Financial Income 168,571 58,113 Other Income from Services 4,081,817 3,176,518 Others 2,475,068 1,989,853 Total 11,571,913 8,996,632 |
Underwriting Income from Insu_2
Underwriting Income from Insurance Business (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Underwriting Income from Insurance Business | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Premiums and Surcharges Accrued 4,687,242 5,260,902 Claims Accrued (535,888 ) (604,908 ) Surrenders (5,770 ) (7,564 ) Life and Ordinary Annuities (8,541 ) (9,182 ) Underwriting and Operating Expenses (1,285,007 ) (1,299,507 ) Other Income and Expenses 17,283 (24,829 ) Total 2,869,319 3,314,912 |
Personnel Expenses (Tables)
Personnel Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Personnel Expenses | The following are the items included in the account as of the indicated dates: 12.31.18 12.31.17 Salaries 11,657,815 11,513,774 Social Security Contributions on Salaries 1,715,592 1,840,448 Severance Payments and Personnel Bonuses 2,730,047 2,908,611 Personnel Services 538,941 448,431 Other Short-term Employee Benefits 328,052 377,408 Other Long-term Employee Benefits 55,800 — Total 17,026,247 17,088,672 |
Administrative Expenses (Tables
Administrative Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Expenses by Nature and Function | The table below provides the required additional information about expenses by nature and function as of the indicated dates: 12.31.18 12.31.17 Fees and Compensation for Services 1,216,542 518,772 Directors’ and Syndics’ Fees 174,191 134,483 Advertising and Publicity 1,278,061 1,237,729 Taxes 3,369,396 3,522,967 Maintenance and Repairs 1,415,585 1,035,880 Electricity and Communications 961,421 920,058 Entertainment and Transportation Expenses 102,326 130,526 Stationery and Office Supplies 210,613 201,747 Rentals 826,357 738,382 Administrative Services Hired 1,293,996 1,286,759 Security 558,520 624,814 Insurance 454,476 455,360 Others 4,217,670 3,616,080 Total 16,079,154 14,423,557 |
Depreciation and Impairment o_2
Depreciation and Impairment of Assets (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Depreciation and Impairment of Assets | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Depreciation of Property, Plant and Equipment 1,115,673 1,040,438 Amortization of Organization and Development Expenses 533,430 394,885 Others 2,872 4,117 Total 1,651,975 1,439,440 |
Other Operating Expenses (Table
Other Operating Expenses (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Other Operating Expenses | The account breaks down as follows as of the indicated dates: 12.31.18 12.31.17 Turnover Tax 8,647,616 6,976,566 Contributions to the Guarantee Fund 510,843 438,487 Charges for Other Provisions 1,056,171 360,530 Claims 310,406 199,172 Other Financial Income 546,541 319,634 Other Expenses from Services 5,069,626 4,796,835 Others 757,862 1,514,002 Total 16,899,065 14,605,226 |
Income Tax_Deferred Tax (Tables
Income Tax/Deferred Tax (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Reconciliation of Income Tax Charged to Income | The following is a reconciliation of income tax charged to income as of December 31, 2018, as compared to the previous fiscal year: 12.31.18 12.31.17 Income for the Year Before Income Tax (3,027,209 ) (14,483,807 ) Effective Tax Rate 30 % 35 % Income (Loss) for the Year at the Tax Rate (908,163 ) (5,069,332 ) Permanent Differences at the Tax Rate - Income (Loss) from Equity Instruments 207,417 93,519 - Non-taxable 180,588 94,244 - Donations and Other Non-deductible (65,921 ) (82,312 ) - Other (406,621 ) (302,991 ) - Allowance for Impairment (1,888 ) 211,250 - Fines — (63 ) - Inflation effect (6,410,820 ) (3,303,793 ) - Law 27430 Rate Adjustment 461,207 718,691 Total Income Tax Charge for the Year (6,944,201 ) (7,640,787 ) 12.31.18 12.31.17 Current Income Tax (6,921,400 ) (6,971,658 ) Deferred Tax Charge (*) 397,187 (730,095 ) Allowance for Impairment (*) (1,888 ) 211,250 Adjustment to Prior-Year Tax Return (82,340 ) (151,496 ) Law 27430 Adjustment (335,760 ) 1,212 Total Income Tax Charge for the Year (6,944,201 ) (7,640,787 ) (*) See Note 20. |
Summary of Current Income Tax Liabilities | 12.31.18 12.31.17 Current Income Tax (6,921,400 ) (6,971,658 ) Tax Advances 3,463,791 3,393,129 Current Income Tax Liabilities (3,457,609 ) (3,578,529 ) |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Earnings Per Share | 12.31.18 12.31.17 Net Income for the Year Attributable to owners of the Parent (3,465,822 ) 6,793,588 Weighted Average Common Shares 1,426,765 1,332,617 Income per Share (2.43 ) 5.10 |
Segment Reporting (Tables)
Segment Reporting (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Operating Segments | The Group operates in one geographic segment, Argentina. The relevant segment reporting as of the indicated dates is as follows: Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.18 Net Income from interest 23,616,496 9,178,072 423,260 117,660 27,975 33,363,463 Net fee Income (Expense) 12,476,489 8,930,089 — (1,493 ) (1,166,922 ) 20,238,163 Net Income from Financial Instruments measured at fair value through Profit or Loss 16,047,772 885,187 21,800 397,959 — 17,352,718 Income from Derecognition of Assets Measured at Amortized Cost 221,639 — — — — 221,639 Gold and Foreign Currency Quotation Differences 3,735,237 (50,793 ) 4,139 88,488 — 3,777,071 Other Operating Income (Expense) 6,960,582 3,682,154 163,789 615,585 149,803 11,571,913 Underwriting Income from Insurance Business — — 1,612,319 — 1,257,000 2,869,319 Loan and other Receivables Loss Provisions (10,872,910 ) (5,348,897 ) (77,920 ) — — (16,299,727 ) Personnel Expenses (11,544,850 ) (4,791,219 ) (574,795 ) (115,383 ) — (17,026,247 ) Administrative Expenses (10,466,492 ) (4,955,287 ) (408,662 ) (279,696 ) 30,983 (16,079,154 ) Depreciation and Impairment of Assets (1,019,284 ) (533,666 ) (91,474 ) (7,551 ) — (1,651,975 ) Other Operating Expenses (12,823,603 ) (4,004,676 ) (402 ) (70,384 ) — (16,899,065 ) Loss on net monetary position (11,204,647 ) (3,844,676 ) (560,529 ) (2,453,816 ) — (18,063,668 ) Operating Income 5,126,429 (853,712 ) 511,525 (1,708,631 ) 298,839 3,374,450 Share of profit from Associates and Joint Ventures 44,146 — — (18,065 ) (26,081 ) — Income before Taxes from Continuing Operations 5,170,575 (853,712 ) 511,525 (1,726,696 ) 272,758 3,374,450 Income Tax from Continuing Operations (6,636,632 ) (1,285,983 ) (309,769 ) 1,319,858 — (6,912,526 ) Net Income from Continuing Operations (1,466,057 ) (2,139,695 ) 201,756 (406,838 ) 272,758 (3,538,076 ) Income from Discontinued Operations (225,501 ) — — (34,255 ) — (259,756 ) Income Tax from Discontinued Operations (30,306 ) — — (1,369 ) — (31,675 ) Net Income (Loss) for the Year (1,721,864 ) (2,139,695 ) 201,756 (442,462 ) 272,758 (3,829,507 ) Other Comprehensive Income (Loss) (78,249 ) — (10,555 ) (87,485 ) 88,804 (87,485 ) Net Income for the Year Attributable to Non-controlling 59 372 — — 363,254 363,685 Net Income (Loss) for the Year Attributable to owners of the Parent (1,800,054 ) (2,139,323 ) 191,201 (529,947 ) 724,816 (3,553,307 ) Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.17 Net Income from interest 19,724,848 9,550,812 427,948 127,966 42,461 29,874,035 Net fee Income (Expense) 12,163,079 10,028,406 — (2,847 ) (43,012 ) 22,145,626 Net Income from Financial Instruments measured at fair value through Profit or Loss 6,725,615 616,589 (16,744 ) 1,130,565 5,313 8,461,338 Gold and Foreign Currency Quotation Differences 3,316,161 17,642 1,986 143,072 — 3,478,861 Other Operating Income 5,082,425 4,057,565 72,879 1,372,584 (1,588,821 ) 8,996,632 Underwriting Income from Insurance Business — — 1,704,918 7,320 1,602,674 3,314,912 Loan and other Receivables Loss Provisions (3,898,951 ) (3,272,811 ) — (122,094 ) — (7,293,856 ) Personnel Expenses (11,355,757 ) (5,010,769 ) (551,418 ) (170,728 ) — (17,088,672 ) Administrative Expenses (9,287,356 ) (4,516,331 ) (450,112 ) (198,830 ) 29,072 (14,423,557 ) Depreciation and Impairment of Assets (917,564 ) (460,394 ) (48,335 ) (13,147 ) — (1,439,440 ) Other Operating Expenses (10,506,788 ) (4,019,688 ) (1,614 ) (77,241 ) 105 (14,605,226 ) Loss on net monetary position (2,629,379 ) (2,140,368 ) (346,257 ) (1,707,292 ) — (6,823,296 ) Operating Income 8,416,333 4,850,653 793,251 489,328 47,792 14,597,357 Share of profit from Associates and Joint Ventures 2,048,332 — 3,318 — (1,730,468 ) 321,182 Income before Taxes from Continuing Operations 10,464,665 4,850,653 796,569 489,328 (1,682,676 ) 14,918,539 Income Tax from Continuing Operations (4,478,396 ) (2,721,222 ) (411,465 ) 292,056 — (7,319,027 ) Net Income from Continuing Operations 5,986,269 2,129,431 385,104 781,384 (1,682,676 ) 7,599,512 Income from Discontinued Operations — — — — — — Income Tax from Discontinued Operations (321,760 ) — — — — (321,760 ) Net Income (Loss) for the Year 5,664,509 2,129,431 385,104 781,384 (1,682,676 ) 7,277,752 Other Comprehensive Income (Loss) (454,753 ) — 23,053 (3,032 ) — (434,732 ) Net Income for the Year Attributable to Non-controlling — 105 — 5,866 (490,135 ) (484,164 ) Net Income (Loss) for the Year Attributable to owners of the Parent 5,209,756 2,129,536 408,157 784,218 (2,172,811 ) 6,358,856 Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.18 ASSETS Cash and Due from Banks 142,049,436 1,364,452 55,184 93,007 (252,651 ) 143,309,428 Debt Securities at fair value through profit or loss 75,911,796 — 83,476 81,501 (141,610 ) 75,935,163 Derivative Financial Instruments 1,785,640 — — — — 1,785,640 Repo Transactions 2,068,076 — — — — 2,068,076 Other Financial Assets 4,691,607 3,677,018 234,656 503,650 (58,999 ) 9,047,932 Loans and Other Financing 243,232,186 44,050,906 426,159 (1,887,892 ) (3,111,291 ) 282,710,068 Other Debt Securities 13,630,604 — 990,929 (65,632 ) (131,767 ) 14,424,134 Financial Assets Pledged as Collateral 10,812,499 4,993 — — — 10,817,492 Current Income Tax Assets 2,267,500 11,939 82,004 (2,266,525 ) — 94,918 Investments in Equity Instruments 159,602 — — 1,452 — 161,054 Equity Investments in Associates and Joint Ventures 397,754 — — 59,395,513 (59,793,267 ) — Property, Plant and Equipment 9,869,201 1,806,613 294,461 7,392,310 — 19,362,585 Intangible Assets 3,259,794 645,580 89,798 591,975 — 4,587,147 Deferred Income Tax Assets — 868,671 99,867 4,437 — 972,975 Assets for Insurance Contracts — — 982,502 — — 982,502 Other Non-financial 798,367 283,307 18,669 1,724,421 5 2,824,769 Non-current 404,106 — — 203,909 — 608,015 TOTAL ASSETS 511,338,168 52,713,479 3,357,705 65,772,126 (63,489,580 ) 569,691,898 LIABILITIES Deposits 361,445,778 — — — (1,348,503 ) 360,097,275 Liabilities at Fair Value Through Profit or Loss 2,685,471 — — — (540,807 ) 2,144,664 Derivative Financial Instruments 1,835,789 — — — — 1,835,789 Repo Transactions 1,948,559 — — — — 1,948,559 Other Financial Liabilities 40,976,456 23,419,918 — 36,311 (1,197,643 ) 63,235,042 Loans from the Argentine Central Bank and Other Financial Institutions 17,490,792 1,955,180 56 — — 19,446,028 Debt Securities Issued 15,527,765 14,979,260 — — (523,372 ) 29,983,653 Current Income Tax Liabilities 5,442,791 38,137 203,147 (2,226,466 ) — 3,457,609 Subordinated Debt Securities 9,767,874 — — — — 9,767,874 Provisions 1,248,998 64,997 78,328 57,000 — 1,449,323 Deferred Income Tax Liabilities 289,493 — 106,709 1,507,444 — 1,903,646 Liabilities for Insurance Contracts — — 1,146,515 — (43,295 ) 1,103,220 Other Non-financial 8,709,240 2,122,183 420,273 246,661 (26,827 ) 11,471,530 TOTAL LIABILITIES 467,369,006 42,579,675 1,955,028 (379,050 ) (3,680,447 ) 507,844,212 Banks Regional Credit Insurance Other Businesses Adjustments Total as of 12.31.17 ASSETS Cash and Due from Banks 86,314,938 801,270 34,593 91,521 (197,441 ) 87,044,881 Debt Securities at fair value through profit or loss 39,232,822 370,046 1,060,464 2,349,286 (264,821 ) 42,747,797 Derivative Financial Instruments 775,674 — — 17,183 (17,183 ) 775,674 Repo Transactions 14,286,336 — — — — 14,286,336 Other Financial Assets 6,035,372 3,202,795 278,548 1,107,730 (285,189 ) 10,339,256 Loans and Other Financing 237,690,649 47,421,104 20,631 19,375 (797,000 ) 284,354,759 Other Debt Securities 3,306,706 — 688,814 263,322 (76,305 ) 4,182,537 Financial Assets Pledged as Collateral 9,339,920 6,868 — — — 9,346,788 Current Income Tax Assets 1,856,223 30,227 126,227 (1,873,897 ) (4,040 ) 134,740 Investments in Equity Instruments 111,923 — — — — 111,923 Equity Investments in Associates and Joint Ventures 10,340,901 — — 63,094,393 (73,435,294 ) — Property, Plant and Equipment 16,203,040 1,724,338 271,373 10,264 — 18,209,015 Intangible Assets 1,098,519 532,156 94,136 103 — 1,724,914 Deferred Income Tax Assets — 705,405 52,556 4,609 — 762,570 Assets for Insurance Contracts — — 1,021,703 — — 1,021,703 Other Non-financial 3,097,128 286,272 5,308 355,961 (6,539 ) 3,738,130 Non-current 8,506,288 — — 2,353,803 — 10,860,091 TOTAL ASSETS 438,196,439 55,080,481 3,654,353 67,793,653 (75,083,812 ) 489,641,114 LIABILITIES Deposits 296,596,968 — — — (229,612 ) 296,367,356 Derivative Financial Instruments 863,514 — — — (17,183 ) 846,331 Repo Transactions 1,670,059 — — — — 1,670,059 Other Financial Liabilities 31,345,885 24,409,668 — 291,371 (696,125 ) 55,350,799 Loans from the Argentine Central Bank and Other Financial Institutions 11,410,915 490,169 — (282,083 ) (699 ) 11,618,302 Debt Securities 6,627,223 13,999,030 5,111 (11,074 ) (341,125 ) 20,279,165 Current Income Tax Liabilities 3,862,407 1,028,814 237,944 (1,550,636 ) — 3,578,529 Subordinated Debt Securities 7,128,356 — — — — 7,128,356 Provisions 665,288 71,258 82,382 78,332 — 897,260 Deferred Income Tax Liabilities 1,941,104 — 61,587 85,849 — 2,088,540 Liabilities for Insurance Contracts — — 1,195,647 34,704 (34,704 ) 1,195,647 Other Non-financial 15,177,593 2,230,117 402,746 2,642,765 689,233 21,142,454 TOTAL LIABILITIES 377,289,312 42,229,056 1,985,417 1,289,228 (630,215 ) 422,162,798 Banks Regional Credit Insurance Other Businesses Adjustments Total as of 01.01.17 ASSETS Cash and Due from Banks 120,510,951 855,572 117,750 165,275 (465,569 ) 121,183,979 Debt Securities at fair value through profit or loss 27,893,048 137,324 1,912,151 275,098 (1,399,877 ) 28,817,744 Derivative Financial Instruments 229,436 — — — — 229,436 Other Financial Assets 3,118,715 3,919,010 231,213 613,070 (1,162,427 ) 6,719,581 Loans and Other Financing 195,873,323 48,933,879 47,379 2,436,269 (1,587,429 ) 245,703,421 Other Debt Securities 1,860,045 — 381,793 942,014 — 3,183,852 Financial Assets Pledged as Collateral 9,870,728 224,692 — 173 — 10,095,593 Current Income Tax Assets 3,967 27,474 182,291 21,199 — 234,931 Investments in Equity Instruments 125,962 — — 61,173 — 187,135 Equity Investments in Associates and Joint Ventures 9,614,493 — 27,115 2,325,267 (11,680,073 ) 286,802 Property, Plant and Equipment 14,289,988 1,716,579 289,207 52,586 — 16,348,360 Intangible Assets 1,109,456 485,282 63,345 2,710 — 1,660,793 Deferred Income Tax Assets — 942,720 64,865 27,675 — 1,035,260 Assets for Insurance Contracts — — 960,393 28,330 — 988,723 Other Non-financial 2,369,045 169,999 19,509 375,930 85,185 3,019,668 Non-current 10,593,323 — — 67,191 258,602 10,919,116 TOTAL ASSETS 397,462,480 57,412,531 4,297,011 7,393,960 (15,951,588 ) 450,614,394 LIABILITIES Deposits 277,560,473 — — — (482,911 ) 277,077,562 Derivative Financial Instruments 264,172 217,832 — 9,297 (200,917 ) 290,384 Repo Transactions 3,030,473 — — — — 3,030,473 Other Financial Liabilities 31,465,537 25,149,569 — 1,354,339 (874,669 ) 57,094,776 Loans from the Argentine Central Bank and Other Financial Institutions 8,647,524 3,991,530 12,948 420,188 (355,045 ) 12,717,145 Debt Securities 8,731,727 13,536,489 — 955,820 (1,375,576 ) 21,848,460 Current Income Tax Liabilities 1,824,390 750,927 443,077 140,949 — 3,159,343 Subordinated Debt Securities 7,490,444 — — — — 7,490,444 Provisions 467,831 89,496 54,048 97,838 — 709,213 Deferred Income Tax Liabilities 1,667,167 — 51,870 124,560 — 1,843,597 Liabilities for Insurance Contracts — — 1,229,435 — (75,273 ) 1,154,162 Other Non-financial 15,379,938 2,299,474 522,863 547,281 (223,599 ) 18,525,957 TOTAL LIABILITIES 356,529,676 46,035,317 2,314,241 3,650,272 (3,587,990 ) 404,941,516 |
Capital Management and Risk P_2
Capital Management and Risk Policies (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Regulatory Capital | Computable Regulatory Capital (R.P.C., as per the initials in Spanish) is made up of Core Capital and Supplementary Capital. Banco Galicia’s balance for such items as of December 31, 2018 and December 31, 2017 is as follows: 12.31.18 12.31.17 Core Capital 36,584,326 22,581,424 Tier 1 Common Capital 41,863,969 26,244,839 (Deductible Items) (5,279,643 ) (3,663,415 ) Additional Tier 1 Capital Supplementary Capital 12,745,132 6,947,945 Tier 2 Capital 12,745,132 6,947,945 (Deductible Items) Computable Regulatory Capital (R.P.C.) 49,329,458 29,529,369 |
Summary of Breakdown of Minimum Capital Requirement | The breakdown of the minimum capital requirement determined for the Group is shown below: 12.31.18 12.31.17 Credit Risk 22,170,572 17,263,077 Market Risk 969,226 1,126,159 Operational Risk 4,023,443 4,220,503 Minimum Capital Requirement 27,163,241 22,609,739 Paid-in 49,329,458 29,529,369 Excess 22,166,217 6,919,630 |
Summary of Estimated Risk for Each Type of Instrument | For the fiscal year 2018, the following limits were established, within which the estimated risk for each type of instrument described above should be classified: Risk Policy on Limits Currency $ 78 million Fixed-Income $ 61 million Interest Rate Derivatives $ 110 million Variable Income $ 1 million |
Summary of Exposure to Foreign Exchange Risk as of Year End by Type of Currency | The Group’s exposure to the foreign exchange risk as of year-end Currency Balances as of 12.31.18 Currency Monetary Financial Assets Monetary Financial Liabilities Derivatives Net Position U.S. Dollar 196,546 (199,229 ) 101 (2,582 ) Euro (557 ) 1,998 — 1,441 Canadian Dollar (9 ) 42 — 33 Real — — — — Swiss Franc (13 ) 21 — 8 Others (2 ) 49 — 47 Total 195,965 (197,119 ) 101 (1,053 ) Currency Balances as of 12.31.17 Currency Monetary Financial Assets Monetary Financial Liabilities Derivatives Net Position U.S. Dollar 126,277 (120,163 ) (4,155 ) 1,959 Euro 793 (208 ) — 585 Canadian Dollar 30 (6 ) — 24 Real 18 — — 18 Swiss Franc 16 (9 ) — 7 Others 32 (1 ) — 31 Total 127,166 (120,387 ) (4,155 ) 2,624 Currency Change Balances as of 12.31.18 Balances as of 12.31.17 Currency Change Income (Loss) Shareholders’ Equity Income (Loss) Shareholders’ Equity U.S. Dollar 10 % (258 ) (2,848 ) 196 2,154 -10 % 258 (2,323 ) (196 ) 1,763 Euro 10 % 143 1,575 59 644 -10 % (143 ) 1,289 (59 ) 527 Canadian Dollar 10 % 3 366 3 27 -10 % (3 ) 30 (3 ) 21 Real 10 % — — 1 21 -10 % — — (1 ) 16 Swiss Franc 10 % 1 9 — 7 -10 % (1 ) 7 — 6 Others 10 % 5 53 3 35 -10 % (5 ) 43 (3 ) 30 |
Schedule of Residual Value of Assets and Liabilities, Classified by Interest Renegotiation Date or Maturity Date | The Group’s exposure to the interest rate risk is detailed below. This table shows the residual value of assets and liabilities, classified by the sooner of the interest renegotiation date or the maturity date. Term (in Days) Total Assets and Liabilities at Variable Rate Up to 30 days 30 to 90 90 to 180 180 to 365 Over 365 Total As of 12.31.18 Total Financial Assets 205,717,873 31,633,572 33,104,131 43,318,473 168,405,494 482,179,543 Total Financial Liabilities 317,505,256 27,996,087 7,287,605 4,351,288 90,658,702 447,798,938 Net Amount (111,787,383 ) 3,637,485 25,816,526 38,967,185 77,746,792 34,380,605 As of 12.31.17 Total Financial Assets 229,078,934 48,709,932 38,560,371 41,915,133 22,166,248 380,430,618 Total Financial Liabilities 247,229,636 30,430,892 8,610,522 7,702,696 69,461,219 363,434,965 Net Amount (18,150,702 ) 18,279,040 29,949,849 34,212,437 (47,294,971 ) 16,995,653 |
Schedule of Sensitivity to Potential Additional Changes in Interest Rates | The table below shows the sensitivity to potential additional changes in interest rates in the next fiscal year, taking into account the breakdown as of December 31, 2018. The percentage change budgeted by the Group for fiscal year 2018 was determined considering 100 bps and changes are considered reasonably possible on the basis on an observation of market conditions. Additional Changes to the Interest Rate Increase/(Decrease) Pesos Increase/(Decrease) Decrease in Interest Rate -100 bps (144,653 ) -0.4 % Increase in Interest Rate +100 bps 144,653 0.4 % |
Schedule of Analysis of Maturities of Assets and Liabilities | The table below shows an analysis of maturities of assets and liabilities, determined on the basis of the remaining period as of December 31, 2018 and December 31, 2017, based on undiscounted cash flows: Less than 1 Month 1 to 6 Months 6 to 12 Months 12 Months to 5 Years More than 5 Years Total as of 12.31.18 Assets Debt Securities measured at Fair Value through Profit or Loss 76,849,406 249,268 373,823 1,035,345 157,067 78,664,909 Derivative Financial Instruments 1,785,640 — — — — 1,785,640 Repo Transactions 2,112,250 — — — — 2,112,250 Other Financial Assets 9,056,190 — — — — 9,056,190 Loans and Other Financing 93,109,786 102,383,777 55,974,479 65,838,369 9,507,527 326,813,938 Other Debt Securities 14,491,625 — — — — 14,491,625 Financial Assets Pledged as Collateral 10,817,492 — — — — 10,817,492 Investments in Equity Instruments 161,064 — — — — 161,064 Liabilities Deposits 334,200,194 29,585,189 3,188,378 76,741 36 367,050,538 Liabilities at fair value through profit or loss 2,144,664 — — — — 2,144,664 Derivative Financial Instruments 1,835,789 — — — — 1,835,789 Repo Transactions 1,948,559 — — — — 1,948,559 Other Financial Liabilities 63,065,272 27,072 33,365 146,180 7,145 63,279,034 Loans from the Argentine Central Bank and Other Financial Institutions 7,013,910 8,149,083 3,181,270 7,455,499 72,524 25,872,286 Debt Securities 1,301,031 7,657,224 13,262,785 26,226,582 1,260,277 49,707,899 Subordinated Debt Securities 384,557 — 384,557 3,378,758 11,422,006 15,569,878 Less than 1 Month 1 to 6 Months 6 to 12 Months 12 Months to 5 Years More than 5 Years Total as of 12.31.17 Assets Debt Securities measured at Fair Value through Profit or Loss 40,822,900 316,471 156,817 1,423,261 197,466 42,916,915 Derivative Financial Instruments 775,674 — — — — 775,674 Repo Transactions 14,286,336 — — — — 14,286,336 Other Financial Assets 10,214,745 — — — — 10,214,745 Loans and Other Financing 94,765,477 100,466,108 50,269,774 66,942,156 8,623,630 321,067,145 Other Debt Securities 3,999,205 — — — — 3,999,205 Financial Assets Pledged as Collateral 9,346,788 — — — — 9,346,788 Liabilities Deposits 269,207,286 24,546,832 7,021,479 145,716 — 300,921,313 Derivative Financial Instruments 846,331 — — — — 846,331 Repo Transactions 1,670,059 — — — — 1,670,059 Other Financial Liabilities 57,997,972 — — — — 57,997,972 Loans from the Argentine Central Bank and Other Financial Institutions 14,142,054 17,263,524 3,285,039 6,949,390 202,647 41,842,654 Debt Securities — 2,620,071 1,564,903 22,520,599 — 26,705,573 Subordinated Debt Securities 257,269 7,163,107 — — — 7,420,376 |
Schedule of Credit Quality of Debt Securities | The credit quality of debt securities as of December 31, 2018 is as follows: Government Securities Rating Government Bonds Provincial Bonds Autonomous City of Aires Bonds Treasury Argentine Central Bank’s Bills Private Securities Total AAA 1,473,352 — — 2,116,944 — 78,658 3,668,954 Aaa — — — — — 36,622 36,622 Aaa.ar — — — — — 196,475 196,475 AA+ — — 37,166 — — 20,875 58,041 AA — — — — — 283,224 283,224 AA(arg) — — — — — 11,161 11,161 raAA — 447,942 — — — — 447,942 AA- — — — — — 276 276 A+ — — — 1,071 — 141,125 142,196 A1.ar — — — — — 14,063 14,063 A — — — 70,350 — 3,047 73,397 A(arg) — — — — — 29,450 29,450 A- — — — — — 41,041 41,041 A3.ar — 146,997 — — — — 146,997 BBB+ — — — — — 1,326 1,326 Baa1.ar — — 5,073 — — 9,775 14,848 BBB 11,544 9,110 — — — 26,956 47,610 BBB(arg) — — — — — 31,173 31,173 BBB- — 266,229 — — — — 266,229 Baa3.ar — 113,517 — — — — 113,517 B+ 511 — — — — — 511 B- — — — — — 3,098 3,098 CCC(arg) — — — — — 209,248 209,248 No Rating — — — — 70,097,764 — 70,097,764 Total 1,485,407 983,795 42,239 2,188,365 70,097,764 1,137,593 75,935,163 The credit quality of debt securities as of December 31, 2017 is as follows: Government Securities Rating Government Bonds Provincial Bonds Autonomous City of Aires Bonds Treasury Argentine Central Bank’s Bills Private Securities Total AAA 1,252,988 — — 7,848,448 — 224,986 9,326,422 AAA(arg) — — — — — 33,736 33,736 Aaa — — — — — 565 565 raAAA — — — — — 37,322 37,322 Aaa.ar — — — — — 117,712 117,712 AA+ — — 1,030,605 — — 122,603 1,153,208 AA — — — — — 864,685 864,685 AA(arg) — — — — — 54,610 54,610 Aa2.ar — — — — — 56,894 56,894 AA- — — 35,488 — — 274,928 310,416 Aa3.ar — — — — — 13,338 13,338 A+ — — — — — 188,641 188,641 A1.ar — — — — — 21,456 21,456 A — — — — — 24,040 24,040 A(arg) — — — — — 104,592 104,592 A2.ar — — — — — 3,783 3,783 A- — — — — — 55,729 55,729 A3.ar — 279,262 — — — — 279,262 BBB+ — — — — — 4,483 4,483 Baa1.ar — — 65,677 — — 216,292 281,969 BBB — 1,104 — — — — 1,104 raBBB — — — — — 1,506 1,506 Baa2.ar — 24,140 — — — — 24,140 BBB- — 1,289,436 — — — — 1,289,436 Baa3.ar — 2,096,012 — — — — 2,096,012 B2.ar — — — — — 5,348 5,348 B- — — — — — 29,711 29,711 No Rating — — — — 26,367,677 — 26,367,677 Total 1,252,988 3,689,954 1,131,770 7,848,448 26,367,677 2,456,960 42,747,797 |
Summary of Retail Portfolios | Retail Portfolio Lifetime PD band at initial recognition Extra conditions to be considered stage 2 <6% -Cure -Between 30 and 90 past due days >6% -It does not apply to defaulted clients Retail-like portfolio Rating Ranges Extra conditions to be considered stage 2 -Cure A, AA, AA+, B, BB, BBB -Between 30 and 90 past due days C, CC, CCC -It does not apply to defaulted clients Wholesale portfolio Rating Ranges Extra conditions to be considered stage 2 A, AA, AA+, B, BB, BBB - B.C.R.A. situation B1 C, CC, CCC -It does not apply to defaulted clients |
Summary of Key Macroeconomic Variables | Key macroeconomic variables used in the scenarios described below are shown in the table: Macroeconomic Variable Projections QI - 2019 QII - 2019 QIII - 2019 QIV - 2019 Monthly Estimator of Economic Activity (EMAE) Base -7.7 % -1.7 % -1.2 % 1.4 % Upside -6.6 % 0.6 % 2.3 % 6.2 % Downside -8.5 % -3.3 % -3.5 % -1.8 % Inflation Rate (IPC) Base 47.3 % 43.8 % 32.4 % 25.0 % Upside 43.5 % 38.0 % 26.0 % 20.0 % Downside 47.7 % 46.3 % 41.7 % 40.0 % Exchange Rate Base 99.2 % 58.5 % 14.3 % 20.0 % Upside 96.3 % 54.6 % 9.9 % 15.3 % Downside 115.8 % 84.3 % 40.6 % 56.7 % Unemployment Rate Base 13.1 % 4.0 % 0.3 % -4.3 % Upside 10.4 % -0.9 % -7.6 % -15.7 % Downside 22.9 % 22.5 % 30.0 % 38.6 % (Badlar) Base 79.7 % 22.7 % -16.4 % -29.2 % Upside 71.0 % 9.6 % -30.7 % -45.8 % Downside 102.7 % 57.0 % 21.2 % 14.6 % Real Salary Base -9.5 % -7.1 % 1.0 % 2.4 % Upside -8.8 % -6.5 % 2.6 % 4.3 % Downside -11.2 % -11.3 % -5.1 % -5.2 % PIB Base -7.0 % -1.5 % -0.1 % 2.6 % Upside -2.3 % 1.5 % 2.9 % 6.2 % Downside -7.1 % -3.7 % -3.5 % -1.8 % Current Account Base -64.9 % -87.2 % -45.0 % 19.1 % Upside -50.7 % -86.8 % -64.5 % 44.9 % Downside -54.6 % -97.8 % -92.9 % -77.8 % |
Summary of Scenario Probabilities | Scenario Probabilities Base Optimistic Pessimistic Retail, Retail like and Wholesale 70 % 15 % 15 % Tarjeta Naranja 70 % 15 % 15 % |
Summary of Sensitivity Analysis to Assess Impact of Volatility on Macroeconomic Variables on Expected Credit Losses | Grupo Galicia has also carried out sensitivity analysis to assess the impact of volatility on macroeconomic variables on the result of the expected credit losses. Scenario 1 (change in the probability of the macroeconomic scenarios) Base scenario Sensitivity Regular scenario 70.0 % 45.0 % Positive scenario 15.0 % 10.0 % Negative scenario 15.0 % 45.0 % GFG ECL 15,782,416 16,547,663 Retail, Retail like and Wholesale ECL 10,475,119 10,596,393 Naranja ECL 5,307,297 5,497,757 Scenario 2 (change in forecast PIB, inflation, nominal Regular scenario Positive scenario Negative scenario Macroeconomic scenario probability 70.0 % 15.0 % 15.0 % Sensivity PIB 1.86 % 4.73 % -6.75 % Inflation 35 % 25 % 50 % Nominal exchange rate 29.87 % 20.00 % 81.82 % Unemployment 5 % 10 % 20 % Current account -11.21 % -29.25 % -82 % GFG ECL 16,515,901 Retail, Retail like and Wholesale ECL 11,193,327 Naranja ECL 5,322,574 |
Summary of Maximum Exposure to Credit Risk on Assests | The following table contains an analysis of the credit risk exposure of financial instruments for which an ECL allowance is recognized. Retail Portfolio December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 80,123,131 10,386,495 — 90,509,626 102,251,974 1-30 2,220,365 1,200,510 — 3,420,875 3,432,010 31-60 — 1,523,320 — 1,523,320 1,137,401 61-90 — 788,871 — 788,871 490,172 Default — — 3,381,057 3,381,057 2,606,255 Gross Carrying amount 82,343,496 13,899,196 3,381,057 99,623,749 109,917,812 Loss allowance 2,600,458 2,317,516 2,559,514 7,477,488 3,686,934 Carrying amount 79,743,038 11,581,680 821,543 92,146,261 106,230,878 Retail like Portfolio December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 29,273,332 3,102,719 — 32,376,051 30,599,160 1-30 866,912 457,755 — 1,324,667 711,005 31-60 — 336,258 — 336,258 136,622 61-90 — 261,908 — 261,908 97,848 Default — — 1,797,686 1,797,686 802,398 Gross Carrying amount 30,140,244 4,158,640 1,797,686 36,096,570 32,347,033 Loss allowance 266,947 280,127 1,179,706 1,726,780 965,360 Net Carrying amount 29,873,297 3,878,513 617,980 34,369,790 31,381,673 Wholesale Portfolio December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due A 135,513,044 6,048,342 5,413 141,566,799 130,441,016 B1 (2,237,665 ) 38,908 — (2,198,757 ) 77,335 Default — — 2,515,489 2,515,489 808,091 Gross Carrying amount 133,275,379 6,087,250 2,520,902 141,883,531 131,326,442 Loss allowance 525,757 77,364 667,730 1,270,851 750,612 Net Carrying amount 132,749,622 6,009,886 1,853,172 140,612,680 130,575,830 Naranja December 31, 2018 December 31, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 36,512,083 3,023,795 — 39,535,878 43,394,982 1-30 2,571,877 946,869 — 3,518,746 3,389,912 31-60 — 1,701,948 — 1,701,948 1,128,408 61-90 — 939,523 — 939,523 526,990 Default — — 3,787,030 3,787,030 2,934,995 Gross Carrying amount 39,083,960 6,612,135 3,787,030 49,483,125 51,375,287 Loss allowance 1,376,585 1,842,615 2,088,097 5,307,297 3,877,715 Net Carrying amount 37,707,375 4,769,520 1,698,933 44,175,828 47,497,572 Retail Portfolio December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 90,744,245 11,507,729 — 102,251,974 77,585,443 1-30 2,266,370 1,165,640 — 3,432,010 4,686,395 31-60 — 1,137,401 — 1,137,401 1,109,964 61-90 — 490,172 — 490,172 511,715 Default — — 2,606,255 2,606,255 2,209,277 Gross Carrying amount 93,010,615 14,300,942 2,606,255 109,917,812 86,102,794 Loss allowance 1,093,601 917,070 1,676,263 3,686,934 3,448,164 Net Carrying amount 91,917,014 13,383,872 929,992 106,230,878 82,654,630 Retail like Portfolio December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 27,628,736 2,970,424 — 30,599,160 24,473,623 1-30 393,902 317,103 — 711,005 450,049 31-60 — 136,622 — 136,622 485,422 61-90 — 97,848 — 97,848 73,407 Default — — 802,398 802,398 472,030 Gross Carrying amount 28,022,638 3,521,997 802,398 32,347,033 25,954,531 Loss allowance 221,758 127,030 616,572 965,360 619,208 Net Carrying amount 27,800,880 3,394,967 185,826 31,381,673 25,335,323 Wholesale Portfolio December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due A 122,301,109 8,138,330 1,577 130,441,016 99,417,742 B1 — 77,335 — 77,335 319,115 Default — — 808,091 808,091 339,002 Gross Carrying amount 122,301,109 8,215,665 809,668 131,326,442 100,075,859 Loss allowance 211,775 45,209 493,628 750,612 496,885 Net Carrying amount 122,089,334 8,170,456 316,040 130,575,830 99,578,974 Naranja December 31, 2017 January 01, 2017 ECL Staging Stage 1 Stage 2 Stage 3 Total Total 12-month Lifetime Lifetime Days past due 0 39,229,241 4,165,741 — 43,394,982 45,435,532 1-30 1,810,650 1,579,262 — 3,389,912 3,075,142 31-60 — 1,128,408 — 1,128,408 1,121,215 61-90 — 526,990 — 526,990 588,117 Default — — 2,934,995 2,934,995 3,251,395 Gross Carrying amount 41,039,891 7,400,401 2,934,995 51,375,287 53,471,401 Loss allowance 904,291 1,270,258 1,703,166 3,877,715 4,160,322 Net Carrying amount 40,135,600 6,130,143 1,231,829 47,497,572 49,311,079 |
Summary of Information On Balance Sheet Items And Their Collateral In Offsets As Well As Loan And Other Credit - Related Commitments | This table provides information on balance sheet items and their collateral in offsets as well as loan and other credit-related commitments. Assets Subject to Impairment Item Carrying Amount Loss Allowances Gross Carrying Amount Collateral´s Fair Value Overdrafts 14,430,578 443,681 13,986,897 — Mortagage Loans 11,793,007 253,178 11,539,829 48,761,041 Collateral Loans 997,958 10,255 987,703 4,037,908 Personal Loans 29,144,931 1,122,335 28,022,596 — Credit Card Loans 113,395,362 9,406,437 103,988,925 — Financial Leases 2,198,047 26,424 2,171,623 — Promisory Notes 36,020,263 422,487 35,597,776 — Pre-financing 69,536,225 1,642,944 67,893,281 — Others 35,020,864 2,329,069 32,691,795 2,428,566 Public Securities 14,549,740 125,606 14,424,134 55,227,515 Total as of December 31, 2018 327,086,975 15,782,416 311,304,559 110,455,030 |
Summary of Mortgage Portfolio LTV Distribution | The following table shows information about the mortgage portfolio LTV distribution. Mortgages Portfolio -LTV Distribution Exposure Lower than 50% 8,283 50 a 60% 2,940 60 a 70% 4,562 70 a 80% 2,084 80 a 90% 349 90 a 100% 878 Higher than 100% 612 Total 19,708 |
Summary of Changes in Loss Allowance and Explanation of Changes in Gross Carrying Amount Between Beginning and End of Annual Period | The following tables explain the changes in the loss allowance between the beginning and the end of the annual period due to these factors: Retail Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of December 31, 2017 1,093,601 917,070 1,676,263 — 3,686,934 Inflation effect (352,907 ) (295,942 ) (540,935 ) — (1,189,784 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (36,452 ) 36,452 — — — Transfer from Stage 1 to Stage 3 (12,985 ) — 12,985 — — Transfer from Stage 2 to Stage 1 61,669 (61,669 ) — — — New Financial Assets Originated or Purchased 680,315 1,376,390 1,615,940 — 3,672,645 Changes in PDs/LGDs/EADs 1,229,264 637,622 836,772 — 2,703,658 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements 46,707 26,548 (9,776 ) — 63,479 Other movements with no P&L impact Transfers: Transfer from Stage 2 a stage 3 — (40,809 ) 40,809 — — Transfer from Stage 3 to stage 2 — 28,664 (28,664 ) — — Financial assets derecognized during the period (216,869 ) (611,817 ) (2,081,627 ) — (2,910,313 ) Write-offs 108,115 305,007 1,037,747 — 1,450,869 Loss Allowance as of December 31, 2018 2,600,458 2,317,516 2,559,514 — 7,477,488 Retail Like Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of December 31, 2017 221,758 127,030 616,572 — 965,360 Inflation effect (71,562 ) (40,993 ) (198,969 ) — (311,524 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (3,911 ) 3,911 — — — Transfer from Stage 1 to Stage 3 (743 ) — 743 — — Transfer from Stage 2 to Stage 1 9,575 (9,575 ) — — — New Financial Assets Originated or Purchased 181,218 195,991 868,022 — 1,245,231 Changes in PDs/LGDs/EADs 17,285 38,295 166,277 — 221,857 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements 17,044 16,267 88,193 — 121,504 Other movements with no P&L impact Transfers: Transfer from Stage 2 to Stage 3 — (2,935 ) 2,935 — — Transfer from Stage 3 to Stage 2 — 3,145 (3,145 ) — — Financial assets derecognized during the period (206,825 ) (101,718 ) (719,723 ) — (1,028,266 ) Write-offs 103,108 50,709 358,801 — 512,618 Loss Allowance as of December 31, 2018 266,947 280,127 1,179,706 — 1,726,780 Wholesale Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of December 31, 2017 211,775 45,209 493,628 — 750,612 Inflation effect (68,341 ) (14,588 ) (159,293 ) — (242,222 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (1,872 ) 1,872 — — — Transfer from Stage 1 to Stage 3 (179 ) — 179 — — Transfer from Stage 2 to Stage 1 2,797 (2,797 ) — — — New Financial Assets Originated or Purchased 398,510 43,148 — — 441,658 Changes in PDs/LGDs/EADs 69,078 20,034 76,416 — 165,528 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements (6,823 ) 9,991 250,650 — 253,818 Other movements with no P&L impact Transfers: Transfer from Stage 2 to Stage 3 — (6,150 ) 6,150 — — Transfer from Stage 3 to Stage 2 — — — — — Financial assets derecognized during the period (157,912 ) (38,596 ) — — (196,508 ) Write-offs 78,724 19,241 — — 97,965 Loss Allowance as of December 31, 2018 525,757 77,364 667,730 — 1,270,851 Naranja Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of December 31, 2017 904,291 1,270,258 1,703,166 — 3,877,715 Inflation effect (291,817 ) (409,915 ) (549,616 ) (1,251,348 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (111,156 ) 111,156 — — — Transfer from Stage 1 to Stage 3 (40,296 ) — 40,296 — — Transfer from Stage 2 to Stage 1 215,544 (215,544 ) — — — New Financial Assets Originated or Purchased 514,603 735,092 518,621 — 1,768,316 Changes in PDs/LGDs/EADs 328,246 1,003,381 1,122,398 — 2,454,025 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements (128,575 ) (210,087 ) — — (338,662 ) Other movements with no P&L impact — Transfers: Transfer from Stage 2 to Stage 3 — (280,363 ) 280,363 — — Transfer from Stage 3 to Stage 2 — 10,906 (10,906 ) — — Transfer from Stage 3 to Stage 1 9,664 — (9,664 ) — — Financial assets derecognized during the period (53,058 ) (382,131 ) (2,232,778 ) — (2,667,967 ) Write-offs 29,139 209,862 1,226,217 — 1,465,218 Loss Allowance as of December 31, 2018 1,376,585 1,842,615 2,088,097 — 5,307,297 Retail Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of January 1, 2017 1,275,440 696,665 1,476,059 — 3,448,164 Inflation effect (253,416 ) (138,420 ) (293,277 ) (685,113 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (37,260 ) 37,260 — — — Transfer from Stage 1 to Stage 3 (12,603 ) — 12,603 — — Transfer from Stage 2 to Stage 1 136,516 (136,516 ) — — — New Financial Assets Originated or Purchased 307,212 619,118 970,014 — 1,896,344 Changes in PDs/LGDs/EADs (110,722 ) 90,105 592,974 — 572,357 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements 10,539 1,326 (11,577 ) — 288 Other movements with no P&L impact Transfers: Transfer from Stage 2 to Stage 3 — (33,992 ) 33,992 — — Transfer from Stage 3 to Stage 2 — 29,170 (29,170 ) — — Financial assets derecognized during the period (362,292 ) (403,954 ) (1,754,093 ) — (2,520,339 ) Write-offs 140,187 156,308 678,738 — 975,233 Loss Allowance as of December 31, 2017 1,093,601 917,070 1,676,263 — 3,686,934 Retail Like Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of January 1, 2017 57,285 189,219 372,704 — 619,208 Inflation effect (11,381 ) (37,596 ) (74,053 ) (123,030 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (4,026 ) 4,026 — — — Transfer from Stage 1 to Stage 3 (371 ) — 371 — — Transfer from Stage 2 to Stage 1 43,613 (43,613 ) — — — New Financial Assets Originated or Purchased 181,012 82,364 401,713 — 665,089 Changes in PDs/LGDs/EADs (34,518 ) 2,759 103,879 — 72,120 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements 912 11,434 44,207 — 56,553 Other movements with no P&L impact Transfers: — Transfer from Stage 2 to Stage 3 — (6,279 ) 6,279 — — Transfer from Stage 3 to Stage 2 — 6,665 (6,665 ) — — Financial assets derecognized during the period (17,564 ) (133,673 ) (378,210 ) — (529,447 ) Write-offs 6,796 51,724 146,347 — 204,867 Loss Allowance as of December 31, 2017 221,758 127,030 616,572 — 965,360 Wholesale Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of January 1, 2017 166,413 106,888 223,584 — 496,885 Inflation effect (33,066 ) (21,237 ) (44,424 ) (98,727 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (2,693 ) 2,693 — — — Transfer from Stage 1 to Stage 3 (61 ) — 61 — — Transfer from Stage 2 to Stage 1 2,228 (2,228 ) — — — New Financial Assets Originated or Purchased 170,640 29,321 — — 199,961 Changes in PDs/LGDs/EADs 568 20,024 47,276 — 67,868 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements 10,972 (10,901 ) 257,364 — 257,435 Other movements with no P&L impact Transfers: Transfer from Stage 2 to Stage 3 — (9,767 ) 9,767 — — Transfer from Stage 3 to Stage 2 — — — — — Financial assets derecognized during the period (168,380 ) (113,504 ) — — (281,884 ) Write-offs 65,154 43,920 — — 109,074 Loss Allowance as of December 31, 2017 211,775 45,209 493,628 — 750,612 Naranja Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Loss Allowance as of January 1, 2017 775,611 1,566,226 1,818,485 — 4,160,322 Inflation effect (154,106 ) (311,192 ) (361,314 ) — (826,612 ) Movements with P&L Impact Transfer from Stage 1 to Stage 2 (60,573 ) 60,573 — — — Transfer from Stage 1 to Stage 3 (24,779 ) — 24,779 — — Transfer from Stage 2 to Stage 1 423,002 (423,002 ) — — — New Financial Assets Originated or Purchased 244,074 445,054 67,264 — 756,392 Changes in PDs/LGDs/EADs (226,555 ) 601,910 921,399 — 1,296,754 Changes to model assumptions and methodologies — — — — — Modification of contractual cash flows of financial assets — — — — — Foreign exchange and other movements (85,307 ) (164,172 ) — — (249,479 ) Other movements with no P&L impact Transfers: Transfer from Stage 2 to Stage 3 — (257,026 ) 257,026 — — Transfer from Stage 3 to Stage 2 — 1,138 (1,138 ) — — Transfer from Stage 3 to Stage 1 36,652 — (36,652 ) — — Financial assets derecognized during the period (31,508 ) (330,971 ) (1,310,183 ) — (1,672,662 ) Write-offs 7,780 81,720 323,500 — 413,000 Loss Allowance as of December 31, 2017 904,291 1,270,258 1,703,166 — 3,877,715 The following table further explains changes in the gross carrying amount of specific segment portfolio to help explain their significance to the changes in the loss allowance: Retail like Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of December 31, 2017 28,022,638 3,521,997 802,398 — 32,347,033 Transfers: Transfers from Stage 1 to Stage 2 (566,583 ) 566,583 — — — Transfers from Stage 1 to Stage 3 (106,715 ) — 106,715 — — Transfers from Stage 2 to Stage 3 — (61,468 ) 61,468 — — Transfers from Stage 3 to Stage 2 355,843 (355,843 ) — — — Transfers from Stage 2 to Stage 1 — 3,276 (3,276 ) — — Financial assets derecognized during the period other than writte-offs (6,202,481 ) (1,062,828 ) (358,539 ) — (7,623,848 ) New financial assets originated or purchased 17,476,427 2,679,052 1,321,045 — 21,476,524 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements 204,089 4,429 126,809 — 335,327 Inflation effect (9,042,974 ) (1,136,558 ) (258,934 ) — (10,438,466 ) Gross carrying amount as of December 31, 2018 30,140,244 4,158,640 1,797,686 — 36,096,570 Retail Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of December 31, 2017 93,010,615 14,300,942 2,606,255 — 109,917,812 Transfers: Transfers from Stage 1 to Stage 2 (2,127,658 ) 2,127,658 — — — Transfers from Stage 1 to Stage 3 (688,232 ) — 688,232 — — Transfers from Stage 2 to Stage 3 — (373,079 ) 373,079 — — Transfers from Stage 3 to Stage 2 2,094,139 (2,094,139 ) — — — Transfers from Stage 2 to Stage 1 — 32,103 (32,103 ) — — Financial assets derecognized during the period other than writte-offs (5,384,216 ) (1,611,202 ) (1,108,128 ) — (8,103,546 ) New financial assets originated or purchased 24,098,264 6,011,249 1,474,390 — 31,583,903 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements 1,355,335 120,613 220,377 — 1,696,325 Inflation Effect (30,014,751 ) (4,614,949 ) (841,045 ) — (35,470,745 ) Gross carrying amount as of December 31, 2018 82,343,496 13,899,196 3,381,057 — 99,623,749 Wholesale Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of December 31, 2017 122,301,109 8,215,665 809,668 — 131,326,442 Transfers: Transfers from Stage 1 to Stage 2 (555,567 ) 555,567 — — — Transfers from Stage 1 to Stage 3 (9,894 ) — 9,894 — — Transfers from Stage 2 to Stage 3 — — — — — Transfers from Stage 3 to Stage 2 469,663 (469,663 ) — — — Transfers from Stage 2 to Stage 1 — — — — — Financial assets derecognized during the period other than writte-offs (36,157,200 ) (3,276,411 ) 1,525,251 — (37,908,360 ) New financial assets originated or purchased 80,611,231 4,520,606 49,053 — 85,180,890 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements 5,423,721 (807,299 ) 388,318 — 5,004,740 Inflation Effect (38,807,684 ) (2,651,215 ) (261,282 ) — (41,720,181 ) Gross carrying amount as of December 31, 2018 133,275,379 6,087,250 2,520,902 — 141,883,531 Naranja Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased credit- impaired Total Gross carrying amount as of December 31, 2017 41,039,891 7,400,401 2,934,995 — 51,375,287 Transfers: Transfers from Stage 1 to Stage 2 (3,933,644 ) 3,933,644 — — — Transfers from Stage 1 to Stage 3 (1,398,286 ) — 1,398,286 — — Transfers from Stage 2 to Stage 3 — (1,288,696 ) 1,288,696 — — Transfers from Stage 3 to Stage 2 — 21,883 (21,883 ) — — Transfers from Stage 2 to Stage 1 1,127,915 (1,127,915 ) — — — Transfers from Stage 3 to Stage 1 18,738 — (18,738 ) — — Financial assets derecognized during the period other than writte-offs (724,768 ) (727,919 ) (1,810,868 ) — (3,263,555 ) New financial assets originated or purchased 16,179,401 767,534 1,003,388 — 17,950,323 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements 18,384 21,332 (39,716 ) — — Inflation Effect (13,243,671 ) (2,388,129 ) (947,130 ) — (16,578,930 ) Gross carrying amount as of December 31, 2018 39,083,960 6,612,135 3,787,030 — 49,483,125 Retail like Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of January 1, 2017 24,312,706 1,169,795 472,030 — 25,954,531 Transfers: Transfers from Stage 1 to Stage 2 (977,594 ) 977,594 — — — Transfers from Stage 1 to Stage 3 (98,440 ) — 98,440 — — Transfers from Stage 2 to Stage 3 — (40,969 ) 40,969 — — Transfers from Stage 3 to Stage 2 — 12,791 (12,791 ) — — Transfers from Stage 2 to Stage 1 270,525 (270,525 ) — — — Financial assets derecognized during the period other than writte-offs (10,394,945 ) (687,029 ) (358,303 ) — (11,440,277 ) New financial assets originated or purchased 21,198,887 2,931,419 707,794 — 24,838,100 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements (1,457,820 ) (338,653 ) (51,951 ) — (1,848,424 ) Inflation Effect (4,830,681 ) (232,426 ) (93,790 ) — (5,156,897 ) Gross carrying amount as of December 31, 2017 28,022,638 3,521,997 802,398 — 32,347,033 Retail Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of January 1, 2017 73,592,991 10,300,527 2,209,276 — 86,102,794 Transfers: Transfers from Stage 1 to Stage 2 (2,677,919 ) 2,677,919 — — — Transfers from Stage 1 to Stage 3 (788,355 ) — 788,355 — — Transfers from Stage 2 to Stage 3 — (451,953 ) 451,953 — — Transfers from Stage 3 to Stage 2 — 53,083 (53,083 ) — — Transfers from Stage 2 to Stage 1 3,471,756 (3,471,756 ) — — — Financial assets derecognized during the period other than writte-offs (7,860,281 ) (2,394,705 ) (1,554,807 ) — (11,809,793 ) New financial assets originated or purchased 37,281,613 9,754,613 1,430,839 — 48,467,065 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements 4,612,978 (120,178 ) (227,318 ) — 4,265,482 Inflation Effect (14,622,168 ) (2,046,608 ) (438,960 ) — (17,107,736 ) Gross carrying amount as of December 31, 2017 93,010,615 14,300,942 2,606,255 — 109,917,812 Wholesale Portfolio Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of January 1, 2017 98,531,831 989,840 554,188 — 100,075,859 Transfers: Transfers from Stage 1 to Stage 2 (1,307,936 ) 1,307,936 — — — Transfers from Stage 1 to Stage 3 (99,272 ) — 99,272 — — Transfers from Stage 2 to Stage 3 — (55,374 ) 55,374 — — Transfers from Stage 3 to Stage 2 61,382 (61,382 ) — — — Transfers from Stage 2 to Stage 1 — — — — — Financial assets derecognized during the period other than writte-offs (71,205,950 ) (785,321 ) — — (71,991,271 ) New financial assets originated or purchased 116,853,630 7,856,759 225,382 — 124,935,771 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements (955,314 ) (840,121 ) (14,438 ) — (1,809,873 ) Inflation Effect (19,577,262 ) (196,672 ) (110,110 ) (19,884,044 ) Gross carrying amount as of December 31, 2017 122,301,109 8,215,665 809,668 — 131,326,442 Naranja Stage 1 Stage 2 Stage 3 12-month Lifetime Lifetime Purchased Total Gross carrying amount as of January 1, 2017 40,052,780 10,167,226 3,251,395 — 53,471,401 Transfers: Transfers from Stage 1 to Stage 2 (2,177,809 ) 2,177,809 — — — Transfers from Stage 1 to Stage 3 (832,017 ) — 832,017 — — Transfers from Stage 2 to Stage 3 — (1,265,342 ) 1,265,342 — — Transfers from Stage 3 to Stage 2 — 2,315 (2,315 ) — — Transfers from Stage 2 to Stage 1 3,233,170 (3,233,170 ) — — — Transfers from Stage 3 to Stage 1 66,293 — (66,293 ) Financial assets derecognized during the period other than writte-offs (720,307 ) (1,045,183 ) (1,754,350 ) — (3,519,840 ) New financial assets originated or purchased 9,370,544 2,621,787 55,611 — 12,047,942 Modification of contractual cash flows of financial assets — — — — — Changes in interest accrual — — — — — FX and other movements 5,312 (4,919 ) (393 ) — — Inflation Effect (7,958,075 ) (2,020,122 ) (646,019 ) — (10,624,216 ) Gross carrying amount as of December 31, 2017 41,039,891 7,400,401 2,934,995 — 51,375,287 |
Contingencies and Commitments (
Contingencies and Commitments (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Provisions for Contingencies | The provisions for contingencies recorded are as follows: 12.31.18 12.31.17 01.01.17 Other Contingencies 1,329,142 760,379 594,461 For Commercial Lawsuits/Legal Affairs 1,058,636 527,338 455,462 For Labor Lawsuits 96,311 52,095 41,408 For Claims and Credit Cards 1,097 1,620 2,021 For Guarantees Granted 1,142 1,686 2,104 For Other Contingencies 171,956 177,640 93,466 Termination Benefits 86,926 109,295 83,322 Court Deposits Dollarization Difference under Communiqué “A” 4686 27,949 20,229 21,296 Administrative, Disciplinary and Criminal Penalties 5,306 7,357 10,134 Total 1,449,323 897,260 709,213 |
Offsetting of Financial Asset_2
Offsetting of Financial Assets and Liabilities (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Financial Instruments Subject to Offsetting, Master Netting Agreements and Similar Agreements | The financial instruments subject to offsetting, master netting agreements and similar agreements as of December 31, 2018 are as follows: Amounts Subject to Netting Agreement Not Offset in the Financial Statements Total Net Amount Financial Instrument Gross Amount (a) Gross Net amounts (c)=(a)-(b) Financial Instruments (d) Cash Collaterals Received (c)-(d)-(e) Assets Loans and Other Financing Credit Card Loans 113,420,510 113,420,510 — 3,042,254 110,378,256 Derivative Financial Instruments 1,792,170 6,530 1,785,640 — 1,223,847 561,793 Total Assets Subject to Offsetting 115,212,680 6,530 115,206,150 — 4,266,101 110,940,049 Liabilities Derivative Financial Instruments 1,842,319 (6,530 ) 1,835,789 — 1,223,847 611,942 Liabilities from Financing of Credit Card Purchases 36,894,587 — 36,894,587 — 3,042,254 33,852,333 Total Liabilities Subject to Offset 38,736,906 (6,530 ) 38,730,376 — 4,266,101 34,464,275 |
Off-balance Sheet Items (Tables
Off-balance Sheet Items (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Schedule of Credit Exposure | The credit exposure for these transactions is detailed below. 12.31.18 12.31.17 01.01.17 Agreed Commitments 14,947,369 17,223,135 16,756,545 Export and Import Documentary Credits 1,080,047 2,005,839 1,198,508 Guarantees Granted 16,292,630 3,493,810 2,090,979 Responsibilities for Foreign Trade Transactions 234,609 674,101 1,080,067 |
Schedule of Fees and Commissions Related to Credit Exposure | The fees and commissions related to the items mentioned above as of the indicated dates were as follows: 12.31.18 12.31.17 For Agreed Credits 121,515 89,471 For Export and Import Documentary Credits 68,882 31,459 For Guarantees Granted 82,041 45,058 |
Schedule of Counter-guarantees, Classified by Type | To grant guarantees to our customers, we may require counter-guarantees, which, classified by type, amount to: 3 12.31.18 12.31.17 01.01.17 Other Preferred Guarantees Received 6,796,492 67,032 111,747 Other Guarantees Received 296,362 471,506 445,115 |
Schedule of Credit Risk by Probability of Default | The risk of loss in these offsetting transactions is not significant. 12.31.18 12.31.17 01.01.17 Checks and Drafts to be Debited 3,448,362 3,110,534 3,710,115 Checks and Drafts to be Credited 4,443,878 4,553,727 4,716,211 Values for Collection 27,625,864 34,014,115 33,736,055 |
Schedule of Amounts of Trust Funds and Securities Held in Custody | The amounts of trust funds and securities held in custody as of the indicated dates are as follows: 12.31.18 12.31.17 01.01.17 Trust Funds 5,868,530 13,165,493 15,077,049 Securities Held in Custody 432,046,616 552,773,188 476,985,232 |
Non-controlling Interest (Table
Non-controlling Interest (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Non-controlling Equity Investment Percentages and Votes | The non-controlling Company Place of Business 12.31.18 12.31.17 01.01.17 Cobranzas Regionales S.A. Córdoba – Argentina 17.00 % 23.00 % 23.00 % Galicia Broker Asesores de Seguros S.A. Autonomous City of Buenos Aires – Argentina 0.01 % 0.01 % 0.01 % Galicia Retiro Compañía de Seguros S.A. Autonomous City of Buenos Aires – Argentina 0.00 % 0.00 % 0.00 % Galicia Seguros S.A. Autonomous City of Buenos Aires – Argentina 0.00 % 0.00 % 0.00 % Galicia Valores S.A. Autonomous City of Buenos Aires – Argentina — — 0.09 % Ondara S.A. Autonomous City of Buenos Aires – Argentina 16.15 % 21.85 % 21.85 % Tarjetas del Mar S.A. Córdoba – Argentina — — 41.20 % Tarjeta Naranja S.A. Córdoba – Argentina 17.00 % 23.00 % 23.00 % Tarjetas Regionales S.A. Autonomous City of Buenos Aires – Argentina 17.00 % 23.00 % 23.00 % |
Summary of Movements in Group's Significant Non-Controlling Interests | Changes in the Group’s non-controlling Company Balance as 12.31.17 Purchases / Sales Cash Dividends Share of Profit for the Balance as 12.31.18 Cobranzas Regionales S.A. 13,281 — — (1,665 ) 11,616 Galicia Broker Asesores de Seguros S.A. 2 — — — 2 Galicia Retiro Compañía de Seguros S.A. 2 — — — 2 Galicia Seguros S.A. 2 — — — 2 Ondara S.A. 7,074 — 52 (1,081 ) 6,045 Tarjeta Naranja S.A. 2,716,440 (770,472 ) (137,432 ) (318,010 ) 1,490,526 Tarjetas Regionales S.A. 216,679 — 40,591 (42,929 ) 214,341 Total 2,953,480 (770,472 ) (96,789 ) (363,685 ) 1,722,534 Company Balance as 01.01.17 Purchases / Sales Cash Dividends Share of Profit for the Balance as 12.31.17 Cobranzas Regionales S.A. 13,751 — — (470 ) 13,281 Galicia Broker Asesores de Seguros S.A. 2 — — — 2 Galicia Retiro Compañía de Seguros S.A. 2 — — — 2 Galicia Seguros S.A. 2 — — — 2 Galicia Valores S.A. 5,688 (5,688 ) — — — Ondara S.A. 6,801 — — 273 7,074 Tarjetas del Mar S.A. 91,871 (91,871 ) — — — Tarjeta Naranja S.A. 2,371,252 — (159,604 ) 504,792 2,716,440 Tarjetas Regionales S.A. 230,201 — 6,909 (20,431 ) 216,679 Total 2,719,570 (97,559 ) (152,695 ) 484,164 2,953,480 |
Related Party Transactions (Tab
Related Party Transactions (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Controlled Entity of Related Party Transactions | The Group is controlled by: Name Nature Principal Line of Business Place of Business Equity Investment % EBA Holding S.A. 55.11% of voting rights Financial and Investment Operations Autonomous City of Buenos Aires – Argentina 19.71 % |
Compensation of Key Management Personnel | Key personnel’s structure as of the indicated dates is as follows: 12.31.18 12.31.17 Directors 67 67 General Manager 1 1 Division Managers 11 11 Department Managers 70 66 Total 149 145 |
Summary of Total Assistance Granted by Group to Key Personnel, Syndics, Majority Shareholders, as well as all Individuals | The following table shows the total credit assistance granted by the Group to key personnel, syndics, majority shareholders, as well as all individuals who are related to them by a family relationship of up to the second degree of consanguinity or first degree by affinity (pursuant to the Argentine Central Bank’s definition of related individual) and any entity affiliated with any of these parties, not required to be consolidated. 12.31.18 12.31.17 Total Amount of Credit Assistance 956,439 999,909 Number of Recipients (Amounts) 329 364 - Natural Persons 269 299 - Entities / Corps. 60 65 Average Amount of Credit Assistance 2,907 2,748 Maximum Assistance 362,713 288,089 |
Summary of Amounts of Related Party Transactions | The amounts of related party transactions conducted as of the indicated dates are as follows: 12.31.18 12.31.17 01.01.17 Assets Cash and Due from Banks 252,651 197,441 465,569 Debt Securities at Fair Value through Profit or Loss 141,610 264,821 1,399,877 Derivative Financial Instruments — 17,183 — Other Financial Assets 58,999 285,189 1,162,427 Loans and Other Financing 3,111,291 797,000 1,587,429 Other Debt Securities 131,767 76,305 — Other Non-financial (5 ) 6,539 (85,185 ) Total Assets 3,696,313 1,644,478 4,530,117 Liabilities Deposits 1,348,503 229,612 482,911 Derivative Financial Instruments — 17,183 200,917 Other Financial Liabilities 1,197,643 696,125 874,669 Loans from the Argentine Central Bank and Other Financial Institutions — 699 355,045 Debt Securities Issued 523,372 341,125 1,375,576 Liabilities for Insurance Contracts 43,295 34,704 75,273 Other Non-financial 26,827 (689,233 ) 223,599 Total Liabilities 3,139,640 630,215 3,587,990 12.31.18 12.31.17 Income (Loss) Net Income (Loss) from Interest 27,975 42,461 Net Fee Income (Expense) (1,166,922 ) (43,012 ) Net Income (Loss) from Instruments Measured at Fair Value through — 5,313 Underwriting Income from Insurance Business 1,257,000 1,602,674 Other Operating Income (Expense) 149,803 (1,588,821 ) Administrative Expenses (30,983 ) 29,072 Other Operating Expenses — 105 Total Income 236,873 47,792 |
Additional Information Requir_2
Additional Information Required by the Argentine Central Bank (Tables) | 12 Months Ended |
Dec. 31, 2018 | |
Text block [abstract] | |
Summary of Restricted Assets | As of December 31, 2018, the ability to freely dispose of the following assets is restricted, as follows: Banco de Galicia y Buenos Aires S.A.U. a) Cash and Government Securities 12.31.18 12.31.17 01.01.17 For transactions carried out at RO.F.EX. 379,006 345,717 782,773 For repo transactions haircuts 584,631 185,799 336,918 For debit / credit cards transactions 2,151,565 1,748,680 1,370,107 For attachments 211 326 188 Liquidity required to conduct transactions as agents at the C.N.V. 20,410 25,233 33,752 For the contribution to the M.A.E.’ s Joint Guarantee Fund ( Fondo de Garantía Mancomunada 260,210 20,970 20,016 Collaterals of Inter-American Development Bank’s credit lines 85,067 — — Guarantees under the Regional Economies Competitiveness Program (PROCER, as per its initials in Spanish) 165,665 301,965 279,224 For other transactions 11,953 11,524 10,928 b) Special Guarantees Accounts Special guarantee accounts have been opened at the Argentine Central Bank as collateral for transactions involving electronic clearing houses, checks for settling debts and other similar transactions as of the indicated dates, which amount to: 12.31.18 12.31.17 01.01.17 Special Guarantees Accounts 5,188,169 5,329,804 4,285,315 c) Deposits in favor of the Argentine Central Bank 12.31.18 12.31.17 01.01.17 Unavailable deposits related to foreign exchange transactions 533 787 982 For custody and registrar agent of book-entry mortgage securities — — 4,164 Custody role of securities representing the investments in ANSES’s Sustainability Guarantee Fund (FGS, as per its initials in Spanish). — — 868,336 d) Equity Investments The account “Equity Investments” includes 1,222,406 non-transferable non-endorsable e) Contributions to Garantizar S.G.R.’s Risk Fund Banco de Galicia y Buenos Aires S.A.U., in its capacity as sponsoring partner of Garantizar S.G.R.’s Risk Fund, is committed to maintaining the contributions made to the fund for two (2) years. 12.31.18 12.31.17 01.01.17 Contributions to the Fund 390,000 224,421 184,255 f) Guarantees Granted for Direct Obligations 12.31.18 12.31.17 01.01.17 PROPARCO’s credit lines — 58,661 91,486 Credit Program granted to the province of San Juan — 75,211 60,316 Global Credit Program for the Micro-, Small- and Medium-sized — — 11,763 FMO’s credit lines — — 33,109 Financial assets were given as collateral as part of these agreements for loans borrowed by Banco Galicia related to first pledges. Galicia Valores S.A. 12.31.18 12.31.17 01.01.17 Liquidity required to conduct transactions as agents at the C.N.V. 9,568 6,792 7,232 Share of Mercado de Valores de Buenos Aires — — 3,961 Tarjeta Naranja S.A. 12.31.18 12.31.17 01.01.17 Attachments in connection with lawsuits 1,803 1,688 521 Guarantees related to lease agreements 4,993 6,870 7,593 For transactions carried out at RO.F.EX. — — 216,577 Galicia Administradora de Fondos S.A. 12.31.18 12.31.17 01.01.17 Liquidity required to operate as agent for the management of collective investment products corresponding to mutual funds, as required by the C.N.V. (*) 9,094,885 4,504,899 2,118,935 Tarjetas del Mar S.A. 12.31.18 12.31.17 01.01.17 Guarantees related to lease agreements (*) — — 171 Total restricted assets for the items stated in the subsidiaries mentioned above as of the indicated dates are as follows: 12.31.18 12.31.17 01.01.17 Total Restricted Assets 18,348,669 12,849,347 10,728,622 |
Summary of Trust Activities | a) Trust Contracts for Purposes of Guaranteeing Compliance with Obligations: Purpose: In order to guarantee compliance with contractual obligations, the parties to these agreements have agreed to deliver to Banco de Galicia y Buenos Aires S.A.U., as fiduciary property, amounts to be applied according to the following breakdown: Date of Contract Trustor Balances of Trust Funds Maturity Date (1) 04.17.12 Exxon Mobil 5,310 04.19.19 04.29.13 Profertil 28 12.31.18 09.12.14 Coop. de Trab. Portuarios 1,033 09.12.20 04.14.16 Rios Belt 198 04.14.19 05.24.17 MSU 130 07.29.20 06.22.17 SACDE 1 06.22.20 06.28.17 Dist. Gas del Centro 258 12.31.18 07.19.17 Dist. Gas Cuyana 568 12.31.18 08.08.17 Dist. Gas del Centro 495 12.31.18 Total 8,021 (1) These amounts shall be released monthly until settlement date of trustor obligations or maturity date, whichever occurs first. b) Financial Trust Contracts: Purpose: To administer and exercise the fiduciary ownership of the trust assets until the redemption of debt securities and participation certificates: Date of Contract Trust Balances of Trust Funds Maturity Date (*) 12.06.06 Gas I 65,484 12.31.18 05.14.09 Gas II 5,545,230 12.31.22 02.10.11 Cag S.A. 421 12.31.18 06.08.11 Mila III 6,367 12.31.18 09.01.11 Mila IV 893 12.31.18 09.14.11 Cag S.A. II 638 12.31.18 02.13.14 Mila V 1,212 05.20.20 06.06.14 Mila VI 831 10.20.20 06.18.14 Red Surcos II 1,354 12.31.18 10.03.14 Mila VII 1,087 01.20.21 01.13.15 Red Surcos III 766 12.31.18 01.27.15 Mila VIII 4,417 06.15.21 05.18.15 Mila IX 4,074 09.15.21 08.24.15 Mila X 4,956 12.20.21 10.30.15 Mila XI 6,073 01.15.22 01.14.16 Mila XII 8,177 11.15.21 02.05.16 Red Surcos IV 900 12.31.18 05.13.16 Mila XIII 15,685 09.15.22 09.01.16 Mila XIV 17,252 01.31.23 10.27.16 Mila XV 23,714 03.31.23 01.10.17 Mila XVI 32,047 06.30.23 02.24.17 Mila XVII 52,113 09.30.23 05.29.17 Fedeicred Agro Series IV 121 12.31.18 06.12.17 Mila XVIII 62,932 01.31.24 06.21.17 Mas Cuotas Series VIII 743 12.31.18 08.16.17 Mas Cuotas Series IX 251 12.31.18 10.20.17 Mas Cuotas Series X 2,233 10.15.18 10.27.17 Mila XIX 450 05.31.24 02.16.18 Mila XX 88 09.30.24 Totals 5,860,509 (*) Estimated date, since maturity date shall occur at the time of the distribution of all of trust assets. |
Summary of Balances of the Mutual Funds | The balances of the Mutual Funds as of the indicated dates are detailed as follows: Mutual Fund 12.31.18 12.31.17 01.01.17 FIMA Acciones 328,125 609,485 217,062 FIMA P.B. Acciones 718,431 1,688,067 562,550 FIMA Renta en pesos 245,333 776,359 440,492 FIMA Ahorro pesos 9,891,974 30,744,494 29,398,557 FIMA Renta Plus 145,308 546,213 455,650 FIMA Premium 29,475,771 14,909,786 13,137,998 FIMA Ahorro Plus 9,967,609 25,452,146 18,784,320 FIMA Capital Plus 205,069 559,840 1,035,146 FIMA Abierto PyMES 312,788 390,089 344,786 FIMA Mix I 6,686 243,453 279,123 FIMA Renta Dólares I (*) 7,373,261 18,284,933 4,137,019 FIMA Renta Dólares II (*) 1,554,263 6,153,642 4,238 FIMA Renta Fija Internacional 193,618 — — FIMA Acciones Latinoamericanas Dólares (*) 13,082 — — Total 60,431,318 100,358,507 68,796,941 (*) Stated at the reference exchange rate of the U.S. Dollar set by the Argentine Central Bank. See Note 1.7.(b). |
Summary of Compliance with Minimum Cash Requirements | As of December 31, 2018, the balances recorded as computable items are as follows: Currency Government Securities Item $ US$ Euros (*) $ US$ Checking Accounts at the Argentine Central Bank 40,110,751 1,783,087 (1) 15 (3) — — Special Guarantees Accounts at the Argentine Central Bank 4,730,689 12,100 (2) — — — Argentine Treasury Bonds in Pesos at Fixed Rate Due November 2020 8,755,174 — — — — Liquidity Bills 20,804,813 — — — — 60 EM Subaccount in CRYL (Center of Registration and Settlement) of Government Securities and Debt Instruments Issued by the Argentine Central Bank — — — 1,032,796 364 (4) Total Computable Items to Meet Minimum Cash Requirements 74,401,427 1,795,187 15 1,032,796 364 (*) Stated in thousands of US$. (1) Equivalent to $67,415,488. (2) Equivalent to $457,480. (3) Equivalent to $580. (4) Equivalent to $13,876. |
Schedule of Shareholders' Equity | Shareholders’ equity under the rules of the Argentine Central Bank comprise the following captions: 12.31.18 Share Capital 1,426,765 Additional paid in Capital 10,951,132 Adjustments to Shareholders´equity 278,131 Legal reserve 340,979 Distribuitable reserves 25,103,198 Non distributable reserves 2,770,380 Profit for the year 14,427,034 Total Shareholder’s equity under the rules of the Argentine Central Bank 55,297,619 |
Schedule of Plan for Distribution of Profit | Plan for the distribution of profits under the rules of the Argentine Central Bank comprise the following captions: Unappropriated Retained Income (1) 42,357,973 To Special Reserve “First-time Application of IFRS” (2) 2,827,741 Subtotal 39,530,232 Distributable Amount 39,530,232 Distributed Income To Discretionary Reserve 12,427,034 To Cash Dividends 2,000,000 To Common Shares (140.1773% of $1,426,765) 2,000,000 Unappropriated Retained Income (3) 37,530,232 (1) It includes Unappropiated Retained Earnings, plus Discretionary Reserve, less purchase of minority interest. (2) According to the provisions of Communiqué “A” 6618, such reserve, which includes the amount of income resulting from the first-time application of IFRS, shall be set at the first Shareholders’ Meeting to be held after fiscal year-end. (3) Relates to the Discretionary Reserve for Future Distributions of Profits. |
Accounting Policies and Basis_4
Accounting Policies and Basis for Preparation - Additional Information (Detail) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018ARS ($) | Dec. 31, 2017 | Jan. 01, 2017 | |
Disclosure of significant accounting policies [line items] | |||
Percentage of main assets from equity investments | 94.68% | ||
Percentage of income from share of profit loss | 110.29% | ||
Description of economy qualifies as hyper inflationary pursuant | The standard sets forth certain factors that should be considered, including a three-year cumulative inflation rate reaching or exceeding 100%. | ||
Increase in total assets | $ 2,500 | ||
Reference exchange rate, U.S. Dollars | 37.8083 | 18.7742 | 15.8502 |
"Legal reserve as percentage of net income " | 5.00% | ||
Percentage of legal reserves equal to capital stock | 20.00% | ||
Net income percentage appropriated to legal reserve | 20.00% | ||
Minimum presumed income tax rate | 1.00% | ||
Bottom of range [member] | |||
Disclosure of significant accounting policies [line items] | |||
Proportion of voting rights held in associate | 20.00% | ||
Top of range [member] | |||
Disclosure of significant accounting policies [line items] | |||
Proportion of voting rights held in associate | 50.00% | ||
Banco De Galicia Y Buenos Aires S.A.U. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Percentage of investment | 100.00% | ||
Tarjetas Regionales S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Percentage of investment | 83.00% |
Accounting Policies and Basis_5
Accounting Policies and Basis for Preparation - Summary of Subsidiaries Object to Consolidation at Their Different Levels (Detail) - Argentina, Pesos [member] | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Banco De Galicia Y Buenos Aires S.A.U. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Bancode Galicia y Buenos Aires S.A.U. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 100.00% | 100.00% | 100.00% |
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | 100.00% |
Cobranzas Regionales S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Cobranzas Regionales S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 77.00% | 83.00% | 77.00% |
Galicia administradora de fondos S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Galicia Administradora de Fondos S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 95.00% | 95.00% | 95.00% |
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | 100.00% |
Galicia Broker Asesores de Seguros S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Galicia Broker Asesores de eguros S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 99.90% | 99.90% | 99.90% |
Galicia Retiro Compania de Seguros S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Galicia Retiro Compañía de Seguros S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 99.90% | 99.90% | 99.90% |
Galicia Seguros S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Galicia Seguros S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 99.90% | 99.90% | 99.90% |
Galicia Valores S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Galicia Valores S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 1.00% | 1.00% | |
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | 100.00% |
Galicia Warrants S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Galicia Warrants S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 87.50% | 87.50% | 87.50% |
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | 100.00% |
Financial Trust Galtrust I [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Financial Trust Galtrust I | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | |
Financial Trust Saturno Creditos [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Financial Trust Saturno réditos | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | 100.00% |
Net Investment S.A. (in Liquidation) [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Net Investment S.A. (in Liquidation) | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 87.50% | 87.50% | |
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | |
Ondara S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Ondara S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 78.20% | 83.90% | 78.20% |
Sudamericana Holding S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Sudamericana Holding S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 87.50% | 87.50% | 87.50% |
Percentage of interest in direct and indirect investment | 100.00% | 100.00% | 100.00% |
Tarjeta Naranja S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Tarjeta Naranja S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 83.00% | ||
Percentage of interest in direct and indirect investment | 77.00% | 83.00% | 77.00% |
Tarjetas del mar S.A.[member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Tarjetas del Mar S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct and indirect investment | 60.00% | ||
Tarjetas Regionales S.A. [member] | |||
Disclosure of significant accounting policies [line items] | |||
Name of subsidiary | Tarjetas Regionales S.A. | ||
Name of country | Argentina | ||
Closing Date | Dec. 31, 2018 | ||
Percentage of interest in direct investment | 83.00% | ||
Percentage of interest in direct and indirect investment | 77.00% | 83.00% | 77.00% |
Accounting Policies and Basis_6
Accounting Policies and Basis for Preparation - Summary of Main Commissions Earned by the Bank (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Savings accounts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Savings Accounts |
Earning Frequency | Monthly |
Checking accounts [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Checking Accounts |
Earning Frequency | Monthly |
Credit-card renewal [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Credit-card Renewal |
Earning Frequency | Annual |
Safe deposit boxes [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Safe Deposit Boxes |
Earning Frequency | Quarterly |
Bonds and shares transactions [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Bonds and Shares Transactions |
Earning Frequency | On each transaction |
Account maintenance [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Account Maintenance |
Earning Frequency | Monthly |
Deposits and withdrawals among branches [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Deposits and Withdrawals among Branches |
Earning Frequency | Monthly |
Foreign trade transactions [member] | |
Disclosure of disaggregation of revenue from contracts with customers [line items] | |
Commissions Retail | Foreign Trade Transactions |
Earning Frequency | On each transaction |
Transition To IFRS - Schedule o
Transition To IFRS - Schedule of reconciliation of financial position (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Assets | ||||
Cash and Due from Banks | $ 143,309,428 | $ 87,044,881 | $ 121,183,979 | |
Loans and Other Financing | 282,710,068 | 284,354,759 | 245,703,421 | |
Equity Investments in Associates and Joint Ventures | 286,802 | |||
Property, Plant and Equipment | 19,362,585 | 18,209,015 | 16,348,360 | |
Intangible Assets | 4,587,147 | 1,724,914 | 1,660,793 | |
Debt Securities at fair value through profit or loss | 75,935,163 | 42,747,797 | 28,817,744 | |
Derivative Financial Instruments | 1,785,640 | 775,674 | 229,436 | |
Repo Transactions | 2,068,076 | 14,286,336 | ||
Other Financial Assets | 9,047,932 | 10,339,256 | 6,719,581 | |
Loans and Other Financing | 284,354,759 | 245,703,421 | ||
Other Debt Securities | 14,424,134 | 4,182,537 | 3,183,852 | |
Financial Assets Pledged as Collateral | 10,817,492 | 9,346,788 | 10,095,593 | |
Current Income Tax Assets | 94,918 | 134,740 | 234,931 | |
Investment in Equity Instruments | 161,054 | 111,923 | 187,135 | |
Deferred Income Tax Assets | 972,975 | 762,570 | 1,035,260 | |
Assets for Insurance Contracts | 982,502 | 1,021,703 | 988,723 | |
Other non-financial assets | 2,824,769 | 3,738,130 | 3,019,668 | |
Non-current Assets Held for Sale | 608,015 | 10,860,091 | 10,919,116 | |
Total Assets | 569,691,898 | 489,641,114 | 450,614,394 | |
Liabilities | ||||
Deposits | 360,097,275 | 296,367,356 | 277,077,562 | |
Provisions | 1,449,323 | 897,260 | 709,213 | $ 709,213 |
Subordinated Debt Securities | 9,767,874 | 7,128,356 | 7,490,444 | |
Liabilities at fair value through Profit or Loss | 2,144,664 | 0 | ||
Derivative Financial Instruments | 1,835,789 | 846,331 | 290,384 | |
Repo Transactions | 1,948,559 | 1,670,059 | 3,030,473 | |
Other Financial Liabilities | 63,235,042 | 55,350,799 | 57,094,776 | |
Loans from the Argentine Central Bank and Other Financial Institutions | 19,446,028 | 11,618,302 | 12,717,145 | |
Debt Securities | 29,983,653 | 20,279,165 | 21,848,460 | |
Current Income Tax Liabilities | 3,457,609 | 3,578,529 | 3,159,343 | |
Deferred Income Tax Liabilities | 1,903,646 | 2,088,540 | 1,843,597 | |
Liabilities for Insurance Contracts | 1,103,220 | 1,195,647 | 1,154,162 | |
Other Non-financial Liabilities | 11,471,530 | 21,142,454 | 18,525,957 | |
Total Liabilities | 507,844,212 | 422,162,798 | 404,941,516 | |
SHAREHOLDERS' EQUITY | ||||
Capital Stock, Adjustments and Reserves | 67,478,316 | 40,973,861 | ||
Retained Income | (14,945,645) | (9,596,038) | 1,455,826 | |
Other Accumulated Comprehensive Income | 1,404 | 88,889 | 523,621 | |
Net Income for the Year | (3,465,822) | 6,793,588 | ||
Shareholders' Equity Attributable to owners of the Parent | 60,125,152 | 64,524,836 | 42,953,308 | |
Shareholders' Equity Attributable to Non-controlling Interests | 1,722,534 | 2,953,480 | 2,719,570 | 2,719,570 |
Total Shareholders' Equity | $ 61,847,686 | 67,478,316 | 45,672,878 | 45,672,878 |
Previously stated [member] | ||||
Assets | ||||
Cash and Due from Banks | 83,654,804 | 112,701,996 | ||
Debt Securities | 57,243,282 | 25,244,436 | ||
Loans and Other Financing | 291,356,673 | 253,261,822 | ||
Other Financial Assets | 49,252,567 | 33,494,417 | ||
Receivables from Financial Leases | 2,475,481 | 1,760,275 | ||
Equity Investments in Associates and Joint Ventures | 42,380 | 97,589 | ||
Miscellaneous Receivables | 5,624,770 | 6,338,591 | ||
Property, Plant and Equipment | 6,599,018 | 5,294,669 | ||
Miscellaneous Assets | 920,957 | 2,250,193 | ||
Intangible Assets | 5,281,315 | 4,757,939 | ||
Unallocated Items | 105,237 | 164,052 | ||
Other Assets | 933,522 | 993,393 | ||
Total Assets | 503,490,006 | 446,359,372 | ||
Liabilities | ||||
Deposits | 300,385,784 | 279,493,299 | ||
Other Liabilities Resulting from Financial Brokerage | 120,099,500 | 106,487,811 | ||
Miscellaneous Liabilities | 12,654,374 | 10,694,695 | ||
Provisions | 1,053,020 | 708,432 | ||
Subordinated Debt Securities | 7,128,356 | 7,490,444 | ||
Unallocated Items | 82,199 | 129,955 | ||
Non-Controlling Interest | 2,857,150 | 2,694,159 | ||
Other Liabilities | 1,204,603 | 1,159,669 | ||
Liabilities at fair value through Profit or Loss | 0 | |||
Total Liabilities | 445,464,986 | 408,858,464 | ||
SHAREHOLDERS' EQUITY | ||||
Capital Stock, Adjustments and Reserves | 45,726,926 | 26,412,657 | ||
Retained Income | 11,088,251 | |||
Net Income for the Year | 12,298,094 | |||
Shareholders' Equity Attributable to owners of the Parent | 58,025,020 | 37,500,908 | ||
Total Shareholders' Equity | 39,300,205 | 37,500,908 | 20,352,700 | |
Reclassification upon adoption of IFRS 9 [member] | ||||
Assets | ||||
Cash and Due from Banks | 3,864,824 | 9,195,966 | ||
Debt Securities | (57,243,282) | (25,244,436) | ||
Loans and Other Financing | (291,356,673) | (253,261,822) | ||
Other Financial Assets | (49,252,567) | (33,494,417) | ||
Receivables from Financial Leases | (2,475,481) | (1,760,275) | ||
Equity Investments in Associates and Joint Ventures | (42,380) | (55,935) | ||
Miscellaneous Receivables | (5,624,770) | (6,338,591) | ||
Property, Plant and Equipment | 855,941 | 1,856,493 | ||
Miscellaneous Assets | (920,957) | (2,250,193) | ||
Intangible Assets | (3,386,055) | (2,160,844) | ||
Unallocated Items | (105,237) | (164,052) | ||
Other Assets | (933,522) | (993,393) | ||
Debt Securities at fair value through profit or loss | 43,131,317 | 26,885,062 | ||
Derivative Financial Instruments | 775,674 | 228,955 | ||
Repo Transactions | 14,286,336 | |||
Other Financial Assets | 10,280,118 | 7,385,466 | ||
Loans and Other Financing | 294,954,874 | 255,623,225 | ||
Other Debt Securities | 3,826,823 | 3,266,584 | ||
Financial Assets Pledged as Collateral | 9,442,784 | 10,459,071 | ||
Current Income Tax Assets | 435,524 | 418,206 | ||
Investment in Equity Instruments | 30,814 | 56,036 | ||
Deferred Income Tax Assets | 898,751 | 1,160,815 | ||
Assets for Insurance Contracts | 1,021,703 | 988,723 | ||
Other non-financial assets | 4,119,159 | 3,593,168 | ||
Non-current Assets Held for Sale | 6,998,967 | 8,733,814 | ||
Total Assets | (16,417,315) | 4,127,626 | ||
Liabilities | ||||
Deposits | 18,197 | 5,962 | ||
Other Liabilities Resulting from Financial Brokerage | (120,099,500) | (106,487,811) | ||
Miscellaneous Liabilities | (12,654,374) | (10,694,695) | ||
Unallocated Items | (82,199) | (129,955) | ||
Non-Controlling Interest | (2,857,233) | (2,675,170) | ||
Other Liabilities | (1,204,603) | (1,159,669) | ||
Liabilities at fair value through Profit or Loss | 0 | |||
Derivative Financial Instruments | 846,331 | 440,618 | ||
Repo Transactions | 1,670,059 | 3,284,482 | ||
Other Financial Liabilities | 55,255,531 | 57,594,377 | ||
Loans from the Argentine Central Bank and Other Financial Institutions | 12,545,122 | 13,779,829 | ||
Debt Securities | 23,680,419 | 23,976,836 | ||
Current Income Tax Liabilities | 4,019,433 | 3,648,743 | ||
Deferred Income Tax Liabilities | 102,293 | 24,541 | ||
Liabilities for Insurance Contracts | 1,208,253 | 1,157,101 | ||
Other Non-financial Liabilities | 19,642,178 | 18,687,269 | ||
Total Liabilities | (17,910,093) | 1,452,458 | ||
SHAREHOLDERS' EQUITY | ||||
Capital Stock, Adjustments and Reserves | (1,364,453) | |||
Shareholders' Equity Attributable to owners of the Parent | (1,364,453) | |||
Shareholders' Equity Attributable to Non-controlling Interests | 2,857,231 | 2,675,168 | ||
Total Shareholders' Equity | 1,492,778 | 2,675,168 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | ||||
Assets | ||||
Cash and Due from Banks | (474,747) | (713,983) | ||
Equity Investments in Associates and Joint Ventures | 245,148 | |||
Property, Plant and Equipment | 10,754,056 | 9,197,198 | ||
Intangible Assets | (170,346) | (936,302) | ||
Debt Securities at fair value through profit or loss | (383,520) | 1,932,682 | ||
Derivative Financial Instruments | 481 | |||
Other Financial Assets | 59,138 | (665,885) | ||
Loans and Other Financing | (10,600,115) | (9,919,804) | ||
Other Debt Securities | 355,714 | (82,732) | ||
Financial Assets Pledged as Collateral | (95,996) | (363,478) | ||
Current Income Tax Assets | (300,784) | (183,275) | ||
Investment in Equity Instruments | 81,109 | 131,099 | ||
Deferred Income Tax Assets | (136,181) | (125,555) | ||
Other non-financial assets | (381,029) | (573,500) | ||
Non-current Assets Held for Sale | 3,861,124 | 2,185,302 | ||
Total Assets | 2,568,423 | 127,396 | ||
Liabilities | ||||
Deposits | (4,036,625) | (2,421,699) | ||
Provisions | (155,760) | 781 | ||
Non-Controlling Interest | 83 | (18,989) | ||
Liabilities at fair value through Profit or Loss | 0 | |||
Derivative Financial Instruments | (150,234) | |||
Repo Transactions | (254,009) | |||
Other Financial Liabilities | 95,268 | (499,601) | ||
Loans from the Argentine Central Bank and Other Financial Institutions | (926,820) | (1,062,684) | ||
Debt Securities | (3,401,254) | (2,128,376) | ||
Current Income Tax Liabilities | (440,904) | (489,400) | ||
Deferred Income Tax Liabilities | 1,986,247 | 1,819,056 | ||
Liabilities for Insurance Contracts | (12,606) | (2,939) | ||
Other Non-financial Liabilities | 1,500,276 | (161,312) | ||
Total Liabilities | (5,392,095) | (5,369,406) | ||
SHAREHOLDERS' EQUITY | ||||
Capital Stock, Adjustments and Reserves | 22,875,924 | 14,561,204 | ||
Retained Income | (9,596,038) | (9,632,425) | ||
Other Accumulated Comprehensive Income | 88,889 | 523,621 | ||
Net Income for the Year | (5,504,506) | |||
Shareholders' Equity Attributable to owners of the Parent | 7,864,269 | 5,452,400 | ||
Shareholders' Equity Attributable to Non-controlling Interests | 96,249 | 44,402 | ||
Total Shareholders' Equity | $ 28,178,111 | $ 5,496,802 | $ 25,320,178 |
Transition To IFRS - Schedule_2
Transition To IFRS - Schedule of reconciliation of statement of income (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transition to IFRS [line items] | |||
Loan and other Receivables Loss Provisions | $ (7,293,856) | ||
Fee Income | $ 23,264,260 | 25,398,461 | |
Fee-related Expenses | (3,026,097) | (3,252,835) | |
Administrative Expenses | (16,079,154) | (14,423,557) | |
Income (Loss) from Insurance Business | 2,869,319 | 3,314,912 | |
Interest Income | 78,273,788 | 54,693,722 | |
Interest-related Expenses | (44,910,325) | (24,819,687) | |
Fee Income | 25,398,461 | ||
Fee-related Expenses | (3,252,835) | ||
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | 17,352,718 | 8,461,338 | |
Gold and Foreign Currency Quotation Differences | 3,777,071 | 3,478,861 | |
Other Operating Income | 11,571,913 | 8,996,632 | |
Personnel Expenses | (17,026,247) | (17,088,672) | |
Depreciation and Impairment of Assets | (1,651,975) | (1,439,440) | |
Loss on net monetary position | (18,063,668) | (6,823,296) | |
Other Operating Expenses | (16,899,065) | (14,605,226) | |
Share of profit from Associates and Joint Ventures | 321,182 | ||
Income Tax from Continuing Operations | (6,912,526) | (7,319,027) | |
Income from Discontinued Operations | (259,756) | 0 | |
Income Tax from Discontinued Operations | (31,675) | (321,760) | |
Net (Loss) / Income for the Year | (3,829,507) | 7,277,752 | |
Other Comprehensive Income (Loss) | (87,485) | (434,732) | |
Total Comprehensive Income (Loss) | (3,916,992) | 6,843,020 | |
Total Comprehensive Income Attributable to owners of the Parent | (3,553,307) | 6,358,856 | |
Total Comprehensive Income (Loss) Attributable to Non-controlling Interests | $ (363,685) | 484,164 | |
Previously stated [member] | |||
Disclosure of transition to IFRS [line items] | |||
Financial Income | 66,765,368 | ||
Financial Expenses | (30,038,123) | ||
Loan and other Receivables Loss Provisions | (7,684,942) | ||
Fee Income | 31,157,030 | ||
Fee-related Expenses | (9,785,476) | ||
Administrative Expenses | (33,945,130) | ||
Income (Loss) from Insurance Business | 3,126,248 | ||
Non-controlling Interest | (924,564) | ||
Miscellaneous Income | 2,391,176 | ||
Miscellaneous Losses | (1,447,703) | ||
Income Tax from Continuing Operations | (7,315,790) | ||
Income from Discontinued Operations | 0 | ||
Net (Loss) / Income for the Year | 12,298,094 | ||
Total Comprehensive Income Attributable to owners of the Parent | 12,298,094 | ||
Reclassification upon adoption of IFRS 9 [member] | |||
Disclosure of transition to IFRS [line items] | |||
Financial Income | (66,765,368) | ||
Financial Expenses | 30,038,123 | ||
Loan and other Receivables Loss Provisions | (18,664) | ||
Fee Income | (31,157,030) | ||
Fee-related Expenses | 9,785,476 | ||
Administrative Expenses | 18,221,381 | ||
Income (Loss) from Insurance Business | (90,404) | ||
Non-controlling Interest | 924,558 | ||
Miscellaneous Income | (2,391,176) | ||
Miscellaneous Losses | 1,439,371 | ||
Interest Income | 56,563,258 | ||
Interest-related Expenses | (24,268,734) | ||
Fee Income | 11,655,852 | ||
Fee-related Expenses | (3,743,746) | ||
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | 7,180,403 | ||
Gold and Foreign Currency Quotation Differences | 3,161,203 | ||
Other Operating Income | 21,442,293 | ||
Personnel Expenses | (16,672,435) | ||
Depreciation and Impairment of Assets | (1,554,602) | ||
Other Operating Expenses | (13,129,147) | ||
Share of profit from Associates and Joint Ventures | 291,445 | ||
Income Tax from Continuing Operations | 32,824 | ||
Income from Discontinued Operations | 0 | ||
Net (Loss) / Income for the Year | 944,881 | ||
Total Comprehensive Income (Loss) Attributable to Non-controlling Interests | 944,881 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of transition to IFRS [line items] | |||
Loan and other Receivables Loss Provisions | 409,750 | ||
Administrative Expenses | 1,300,192 | ||
Income (Loss) from Insurance Business | 279,068 | ||
Non-controlling Interest | 6 | ||
Miscellaneous Losses | 8,332 | ||
Interest Income | (1,869,536) | ||
Interest-related Expenses | (550,953) | ||
Fee Income | 13,742,609 | ||
Fee-related Expenses | 490,911 | ||
Net Income from Financial Instruments Measured at Fair Value through Profit or Loss | 1,280,935 | ||
Gold and Foreign Currency Quotation Differences | 317,658 | ||
Other Operating Income | (12,445,661) | ||
Personnel Expenses | (416,237) | ||
Depreciation and Impairment of Assets | 115,162 | ||
Loss on net monetary position | (6,823,296) | ||
Other Operating Expenses | (1,476,079) | ||
Share of profit from Associates and Joint Ventures | $ 245,148 | 29,737 | |
Income Tax from Continuing Operations | (36,061) | ||
Income from Discontinued Operations | 0 | ||
Income Tax from Discontinued Operations | (321,760) | ||
Net (Loss) / Income for the Year | (5,965,223) | ||
Other Comprehensive Income (Loss) | (434,732) | ||
Total Comprehensive Income (Loss) | (434,732) | ||
Total Comprehensive Income Attributable to owners of the Parent | (5,939,238) | ||
Total Comprehensive Income (Loss) Attributable to Non-controlling Interests | $ (460,717) |
Transition To IFRS - Summary of
Transition To IFRS - Summary of reconciliation of cash and cash equivalents (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | $ 225,868,453 | $ 131,958,216 | $ 143,637,953 | $ 143,637,953 |
Cash and due from banks [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 87,044,881 | 121,183,979 | ||
Argentine Central Bank Bills and Notes Maturing within up to 90 days [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 24,981,766 | 12,720,258 | ||
Receivables from reverse repo transactions [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 14,254,469 | 1,588,832 | ||
Local interbank loans [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 1,380,486 | 2,266,254 | ||
Overnight placements in banks abroad [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 426,682 | 5,878,630 | ||
Other Cash and cash equivalents [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 3,869,932 | |||
Previously stated [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 86,317,449 | 107,910,715 | ||
Previously stated [member] | Cash and due from banks [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 56,659,196 | 90,309,271 | ||
Previously stated [member] | Argentine Central Bank Bills and Notes Maturing within up to 90 days [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 16,910,667 | 9,797,693 | ||
Previously stated [member] | Receivables from reverse repo transactions [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 9,654,517 | 1,273,148 | ||
Previously stated [member] | Local interbank loans [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 365,000 | 1,811,761 | ||
Previously stated [member] | Overnight placements in banks abroad [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 269,278 | 4,718,842 | ||
Previously stated [member] | Other Cash and cash equivalents [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 2,458,791 | |||
Compania Financiera Argentina S.A [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 248,456 | (580,607) | ||
Compania Financiera Argentina S.A [member] | Cash and due from banks [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | (321,544) | (580,607) | ||
Compania Financiera Argentina S.A [member] | Local interbank loans [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 570,000 | |||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 45,392,311 | 36,307,845 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Cash and due from banks [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 30,707,229 | 31,455,315 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Argentine Central Bank Bills and Notes Maturing within up to 90 days [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 8,071,099 | 2,922,565 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Receivables from reverse repo transactions [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 4,599,952 | 315,684 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Local interbank loans [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 445,486 | 454,493 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Overnight placements in banks abroad [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | 157,404 | $ 1,159,788 | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Other Cash and cash equivalents [member] | ||||
Disclosure of reconciliation of cash and cash equivalents [line items] | ||||
Total | $ 1,411,141 |
Transition To IFRS - Summary _2
Transition To IFRS - Summary of reconciliation of cash flows (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Operating Activities | ||
Cash Flows from Discontinued Operations | $ 1,580,060 | |
Adjustments that Affect Cash Flows from Operating Activities | (4,528,664) | |
Inflation effect | (1,288,999) | |
Intangible Assets | 2,317,755 | |
Miscellaneous Assets | (818,745) | |
Other Collections Related to Subsidiaries | 153,563 | |
Dividends from Associates | (296,719) | |
Cash Flows According to IFRS as of 12.31.17 | $ 86,265,853 | (4,187,224) |
Operating Activities (I) | 86,265,853 | (4,187,224) |
Investing Activities | ||
Cash Flows from Discontinued Operations | 459,805 | |
Miscellaneous Assets | 818,745 | |
Dividends from Associates | 296,719 | |
Differences in the determination of Financing Activities | 2,425,723 | |
Other Collections Related to Subsidiaries | (153,563) | |
Inflation effect | (592,368) | |
Intangible Assets | (2,317,755) | |
Cash Flows According to IFRS as of 12.31.17 | (2,206,775) | (1,642,820) |
Investing Activities (II) | (2,206,775) | (1,642,820) |
Financing Activities | ||
Cash Flows from Discontinued Operations | (987,404) | |
Inflation effect | 5,008,673 | |
Differences in the determination of Financing Activities | (4,316,983) | |
Cash Flows According to IFRS as of 12.31.17 | 10,397,268 | 15,521,032 |
Financing Activities (III) | 10,397,268 | 15,521,032 |
Effect of Changes in the Exchange Rate | ||
Cash Flows According to Prior Accounting Framework as of 12.31.17 | 7,602,047 | |
Inflation effect | (899,692) | |
Differences in the determination of Financing Activities | (9,490,347) | |
Cash Flows According to IFRS as of 12.31.17 | 44,831,615 | (2,787,992) |
Effect of exchange rate changes on cash and cash equivalents | 44,831,615 | (2,787,992) |
Total | $ 139,287,961 | 6,902,996 |
Previously stated [member] | ||
Operating Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (1,305,475) | |
Operating Activities (I) | (1,305,475) | |
Investing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (2,580,126) | |
Investing Activities (II) | (2,580,126) | |
Financing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | 15,816,746 | |
Financing Activities (III) | 15,816,746 | |
Effect of Changes in the Exchange Rate | ||
Cash Flows According to IFRS as of 12.31.17 | 7,602,047 | |
Effect of exchange rate changes on cash and cash equivalents | 7,602,047 | |
Total | 19,533,192 | |
Compania Financiera Argentina S.A [member] | ||
Operating Activities | ||
Cash Flows According to IFRS as of 12.31.17 | 1,580,060 | |
Operating Activities (I) | 1,580,060 | |
Investing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | 459,805 | |
Investing Activities (II) | 459,805 | |
Financing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (987,404) | |
Financing Activities (III) | (987,404) | |
Effect of Changes in the Exchange Rate | ||
Total | 1,052,461 | |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | ||
Operating Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (3,172,810) | |
Operating Activities (I) | (3,172,810) | |
Investing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | 1,069,869 | |
Investing Activities (II) | 1,069,869 | |
Financing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (4,316,983) | |
Financing Activities (III) | (4,316,983) | |
Effect of Changes in the Exchange Rate | ||
Cash Flows According to IFRS as of 12.31.17 | (9,490,347) | |
Effect of exchange rate changes on cash and cash equivalents | (9,490,347) | |
Total | (15,910,271) | |
Inflation effect [member] | ||
Operating Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (1,288,999) | |
Operating Activities (I) | (1,288,999) | |
Investing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | (592,368) | |
Investing Activities (II) | (592,368) | |
Financing Activities | ||
Cash Flows According to IFRS as of 12.31.17 | 5,008,673 | |
Financing Activities (III) | 5,008,673 | |
Effect of Changes in the Exchange Rate | ||
Cash Flows According to IFRS as of 12.31.17 | (899,692) | |
Effect of exchange rate changes on cash and cash equivalents | (899,692) | |
Total | $ 2,227,614 |
Transition To IFRS - Additional
Transition To IFRS - Additional Information (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transition to IFRS [line items] | ||
Accumulated fair value Property, Plant and Equipment | $ 6,880,487 | |
Property, Plant and Equipment carrying amount | 4,832,716 | |
Percentage of Minority interest percentage | 6.00% | |
Purchase of Minority Interests transaction amount | $ 1,364,452 | |
Other shareholders' equity reserves | $ 593,980 | |
Property, plant and equipment [member] | ||
Disclosure of transition to IFRS [line items] | ||
Property, Plant and Equipment carrying amount | 4,475,869 | |
Other Non Financial Assets [member] | ||
Disclosure of transition to IFRS [line items] | ||
Property, Plant and Equipment carrying amount | $ 356,847 |
Transition To IFRS - Summary _3
Transition To IFRS - Summary of Equity Investments in Associates and Joint Ventures (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2017 |
Disclosure of transition to IFRS [line items] | ||
Equity investments in associates and joint ventures | $ 321,182 | |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | ||
Disclosure of transition to IFRS [line items] | ||
Equity investments in associates and joint ventures | $ 245,148 | $ 29,737 |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Prisma Medios de Pago S.A [member] | ||
Disclosure of transition to IFRS [line items] | ||
Equity investments in associates and joint ventures | 245,250 | |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Ondara S.A. [member] | ||
Disclosure of transition to IFRS [line items] | ||
Equity investments in associates and joint ventures | $ (102) |
Transition To IFRS - Summary _4
Transition To IFRS - Summary of consolidation of the financial assets adjusted (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of other financial assets [line items] | |||
Other Financial Assets | $ 9,047,932 | $ 10,339,256 | $ 6,719,581 |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | 59,138 | (665,885) | |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Premiums for financial guarantee contracts [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | 241,350 | 248,044 | |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | CyS deconsolidation [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | (13,005) | ||
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | Consolidation of financial trusts that were not subject to consolidation under the prior accounting framework [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | $ (169,207) | $ (913,929) |
Transition To IFRS - Summary _5
Transition To IFRS - Summary of Investments in Equity Instruments (Detail) - ARS ($) $ in Thousands | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of other equity instruments [line items] | ||
Investments in equity instruments | $ 81,109 | $ 131,099 |
Banco galicia's holdings [member] | ||
Disclosure of other equity instruments [line items] | ||
Investments in equity instruments | $ 81,109 | 73,888 |
Galicia valores s.A.'s holdings [member] | ||
Disclosure of other equity instruments [line items] | ||
Investments in equity instruments | $ 57,211 |
Transition To IFRS - Summary _6
Transition To IFRS - Summary of adjustment made up of derecognition of advances for systems purchased (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of other financial assets [line items] | |||
Derecognition of Advances for Systems Purchased | $ 2,824,769 | $ 3,738,130 | $ 3,019,668 |
Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of other financial assets [line items] | |||
Derecognition of Advances for Systems Purchased | (381,029) | (573,500) | |
Derecognition of advances for systems purchased [member] | Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of other financial assets [line items] | |||
Derecognition of Advances for Systems Purchased | (659,590) | (955,579) | |
Miscellaneous assets [member] | Increase (decrease) due to changes in accounting policy required by IFRSs [member] | |||
Disclosure of other financial assets [line items] | |||
Derecognition of Advances for Systems Purchased | $ 278,561 | $ 382,079 |
Financial Instruments - Schedul
Financial Instruments - Schedule of Portfolios of Financial Instruments (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | $ 75,935,163 | $ 42,747,797 | $ 28,817,744 |
Fair Value through Profit or Loss | 2,144,664 | 0 | |
Argentine central bank bills and notes [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 70,097,764 | 26,367,677 | 16,158,217 |
Government securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 4,699,806 | 13,923,160 | 9,659,559 |
Private securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 1,137,593 | 2,456,960 | 2,999,968 |
Derivative financial instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 1,785,640 | 775,674 | 229,436 |
Repo transactions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 2,068,076 | 14,286,336 | |
Other financial assets [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 4,303,431 | 4,573,809 | 4,616,737 |
Amortized Cost | 4,744,501 | 5,765,447 | 2,102,844 |
Loans and other financing [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 282,710,068 | 284,354,759 | 245,703,421 |
Other debt securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 5,312,035 | 4,040,087 | 2,253,595 |
Fair Value through OCI | 9,112,099 | 142,450 | 930,257 |
Financial assets pledged as collateral [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 3,459,712 | 2,249,914 | 4,205,704 |
Amortized Cost | 7,357,780 | 7,096,874 | 5,889,889 |
Equity instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 161,054 | 111,923 | 187,135 |
Deposits [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 360,097,275 | 296,367,356 | 277,077,562 |
Fair Value through OCI | 0 | 0 | 0 |
Liabilities at fair value through profit or loss [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 2,144,664 | ||
Fair Value through OCI | 0 | ||
Derivative financial instruments [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Fair Value through Profit or Loss | 1,835,789 | 846,331 | 290,384 |
Fair Value through OCI | 0 | 0 | 0 |
Repo transactions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 1,948,559 | 1,670,059 | 3,030,473 |
Fair Value through OCI | 0 | 0 | 0 |
Other financial liabilities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 63,235,042 | 55,350,799 | 57,094,776 |
Fair Value through OCI | 0 | 0 | 0 |
Loans from the argentine central bank and other financial institutions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 19,446,028 | 11,618,302 | 12,717,145 |
Fair Value through OCI | 0 | 0 | 0 |
Debt securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 29,983,653 | 21,848,460 | |
Fair Value through OCI | 0 | 0 | |
Subordinated debt securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 9,767,874 | ||
Fair Value through OCI | $ 0 | ||
Negotiable obligations issued [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 20,279,165 | ||
Fair Value through OCI | 0 | ||
Subordinated debt securities [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Amortized Cost | 7,128,356 | 7,490,444 | |
Fair Value through OCI | $ 0 | $ 0 |
Fair Values - Schedule of Finan
Fair Values - Schedule of Financial Instruments Measured at Fair Value (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Disclosure of fair value measurement of assets [line items] | ||||
Assets | $ 569,691,898 | $ 489,641,114 | $ 450,614,394 | |
Liabilities | 507,844,212 | 422,162,798 | 404,941,516 | |
Other financial assets [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 9,047,932 | |||
Other debt securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 14,424,134 | |||
Financial assets pledged as collateral [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 10,817,492 | |||
Fair value level 1 [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Total | 18,481,985 | 47,992,730 | 33,821,315 | |
Fair value level 1 [member] | Argentine central bank bills and notes [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 26,367,677 | 16,158,217 | ||
Fair value level 1 [member] | Government securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 2,952,344 | 13,679,229 | 7,110,319 | |
Fair value level 1 [member] | Private securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 308,755 | 1,009,000 | 778,214 | |
Fair value level 1 [member] | Other financial assets [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 4,264,431 | 4,516,227 | 4,544,877 | |
Fair value level 1 [member] | Other debt securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 9,112,099 | 142,450 | 930,257 | |
Fair value level 1 [member] | Financial assets pledged as collateral [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 3,184,346 | 2,249,914 | 4,205,704 | |
Fair value level 1 [member] | Equity instruments [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 26,795 | 28,233 | 93,727 | |
Fair value level 1 [member] | Liabilities at fair value through profit or loss [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Liabilities | 1,366,785 | |||
Fair value level 2 [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Total | 70,898,420 | (7,169) | 1,993,853 | |
Fair value level 2 [member] | Argentine central bank bills and notes [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 70,097,764 | |||
Fair value level 2 [member] | Government securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 1,278,048 | 1,972,400 | ||
Fair value level 2 [member] | Private securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 36,270 | 5,906 | 10,541 | |
Fair value level 2 [member] | Derivative financial instruments [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 1,785,640 | 775,674 | 229,436 | |
Fair value level 2 [member] | Other financial assets [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 39,000 | 57,582 | 71,860 | |
Fair value level 2 [member] | Financial assets pledged as collateral [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 275,366 | |||
Fair value level 2 [member] | Liabilities at fair value through profit or loss [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Liabilities | 777,879 | |||
Fair value level 2 [member] | Derivative financial instruments [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Liabilities | 1,835,789 | 846,331 | 290,384 | |
Fair value level 3 [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 1,396,241 | 1,769,675 | $ 2,881,461 | |
Total | 1,396,241 | 1,769,675 | 2,881,461 | |
Fair value level 3 [member] | Government securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 469,414 | 243,931 | 576,840 | 576,840 |
Fair value level 3 [member] | Private securities [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | 792,568 | 1,442,054 | 2,211,213 | 2,211,213 |
Fair value level 3 [member] | Equity instruments [member] | ||||
Disclosure of fair value measurement of assets [line items] | ||||
Assets | $ 134,259 | $ 83,690 | $ 93,408 | $ 93,408 |
Fair Values - Summary of Change
Fair Values - Summary of Changes in Instruments Included in Fair Value Level 3 (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | $ 489,641,114 | |
Ending balance | 569,691,898 | $ 489,641,114 |
Fair value level 3 [member] | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 1,769,675 | 2,881,461 |
Transfers | 1,644,851 | (668,851) |
Purchases | 16,735,429 | 3,076,508 |
Sales | (18,200,469) | (3,294,366) |
Income (Loss) | 608,842 | 290,555 |
Inflation Effect | (1,162,087) | (515,632) |
Ending balance | 1,396,241 | 1,769,675 |
Government securities [member] | Fair value level 3 [member] | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 243,931 | 576,840 |
Transfers | 1,255,553 | (234,067) |
Purchases | 10,382,946 | 450,486 |
Sales | (11,115,519) | (504,713) |
Income (Loss) | 149,564 | 46,969 |
Inflation Effect | (447,061) | (91,584) |
Ending balance | 469,414 | 243,931 |
Private securities [member] | Fair value level 3 [member] | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 1,442,054 | 2,211,213 |
Transfers | 389,298 | (434,784) |
Purchases | 6,352,483 | 2,626,022 |
Sales | (7,084,950) | (2,789,653) |
Income (Loss) | 372,340 | 233,810 |
Inflation Effect | (678,657) | (404,554) |
Ending balance | 792,568 | 1,442,054 |
Equity instruments [member] | Fair value level 3 [member] | ||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||
Beginning balance | 83,690 | 93,408 |
Income (Loss) | 86,938 | 9,776 |
Inflation Effect | (36,369) | (19,494) |
Ending balance | $ 134,259 | $ 83,690 |
Fair Values - Summary of Assets
Fair Values - Summary of Assets and Liabilities Recorded at Amortized Cost (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | $ 569,691,898 | $ 489,641,114 | $ 450,614,394 | |
Liabilities | 507,844,212 | 422,162,798 | 404,941,516 | |
Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 1,396,241 | 1,769,675 | $ 2,881,461 | |
Deposits [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Liabilities | 360,097,275 | |||
Deposits [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 359,875,025 | |||
Deposits [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 359,875,025 | |||
Loans from the argentine central bank and other financial institutions [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Liabilities | 19,446,028 | |||
Loans from the argentine central bank and other financial institutions [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 17,689,372 | |||
Loans from the argentine central bank and other financial institutions [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 17,689,372 | |||
Debt securities [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Liabilities | 29,983,653 | |||
Debt securities [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 29,269,086 | |||
Debt securities [member] | Fair value [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 29,269,086 | |||
Subordinated debt securities [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Liabilities | 9,767,874 | |||
Subordinated debt securities [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 8,513,061 | |||
Subordinated debt securities [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 8,513,061 | |||
Repo transactions [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Liabilities | 1,948,559 | |||
Repo transactions [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 1,944,965 | |||
Repo transactions [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 1,944,965 | |||
Other financial liabilities [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Liabilities | 63,235,042 | |||
Other financial liabilities [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 63,235,113 | |||
Other financial liabilities [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Liabilities at Fair Value | 63,235,113 | |||
Cash and due from banks [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 143,309,428 | |||
Cash and due from banks [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 143,309,428 | |||
Cash and due from banks [member] | Fair value [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 143,309,428 | |||
Loans and other financing [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 282,710,068 | |||
Loans and other financing [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 289,581,428 | |||
Loans and other financing [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 289,581,428 | |||
Other financial assets [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 9,047,932 | |||
Other financial assets [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 4,264,431 | 4,516,227 | 4,544,877 | |
Other financial assets [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 9,047,932 | |||
Other financial assets [member] | Fair value [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 9,047,932 | |||
Other debt securities [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 14,424,134 | |||
Other debt securities [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 9,112,099 | 142,450 | 930,257 | |
Other debt securities [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 14,631,751 | |||
Other debt securities [member] | Fair value [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 763,126 | |||
Other debt securities [member] | Fair value [member] | Fair value level 3 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 13,868,625 | |||
Repo transactions [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 2,068,076 | |||
Repo transactions [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 2,068,076 | |||
Repo transactions [member] | Fair value [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 2,068,076 | |||
Financial assets pledged as collateral [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 10,817,492 | |||
Financial assets pledged as collateral [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Assets | 3,184,346 | $ 2,249,914 | $ 4,205,704 | |
Financial assets pledged as collateral [member] | Fair value [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | 10,817,492 | |||
Financial assets pledged as collateral [member] | Fair value [member] | Fair value level 1 [member] | ||||
Disclosure of reconciliation of changes in fair value measurement assets liabilities [line items] | ||||
Financial Assets at Fair Value | $ 10,817,492 |
Cash and Cash Equivalents - Sum
Cash and Cash Equivalents - Summary of Cash and Cash Equivalents (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Cash and cash equivalents [abstract] | ||||
Cash and Due from Banks | $ 143,309,428 | $ 87,044,881 | $ 121,183,979 | |
Argentine Central Bank's Bills and Notes Maturing within up to 90 Days | 70,117,158 | 24,981,766 | 12,720,258 | |
Receivables from Reverse Repo Transactions | 2,057,558 | 14,254,469 | ||
Local Interbank Loans | 938,000 | 1,380,486 | 1,588,832 | |
Overnight Placements in Banks Abroad | 5,300,681 | 426,682 | 2,266,254 | |
Mutual Funds | 3,859,629 | 3,578,916 | 4,040,608 | |
Time Deposits | 285,999 | 291,016 | 7,084 | |
Government Securities | 1,830,938 | |||
Total Cash and Cash Equivalents | $ 225,868,453 | $ 131,958,216 | $ 143,637,953 | $ 143,637,953 |
Derivative Financial Instrume_3
Derivative Financial Instruments - Summary of Derivative Instrument Transactions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | $ 19,446,028 | $ 11,618,302 | $ 12,717,145 |
Foreign currencies [member] | Forward currency purchases [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 38,861,567 | 30,145,543 | 27,648,329 |
Foreign currencies [member] | Forward currency sales [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 32,277,374 | 28,042,761 | |
Foreign currencies [member] | Forward purchases by customers [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 3,673,954 | 583,221 | 396,281 |
Foreign currencies [member] | Forward currency sales by customer [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 10,156,620 | 5,472,881 | 2,202,703 |
Other asset [member] | Interest rate swap 1 [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 460,242 | 1,476 | 138,192 |
Other asset [member] | Interest rate swap 1 [member] | Cross Currency Swaps [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 1,561 | ||
Government securities [member] | Forward currency purchases [member] | Repo transactions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 1,965,824 | 1,672,194 | 3,032,245 |
Government securities [member] | Forward currency sales [member] | Repo transactions [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | $ 2,061,516 | $ 15,678,531 | |
Dollar [member] | Written call options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 18,794 | ||
Gold [member] | Written call options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | 303,032 | ||
Gold [member] | Purchased call options [member] | |||
Disclosure of detailed information about financial instruments [line items] | |||
Notional Amount | $ 275,484 |
Repo Transactions - Summary of
Repo Transactions - Summary of Repo Transactions and Reverse Repo Transactions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of repo transactions [line items] | |||
Receivables from Reverse Repo Transactions of Government Securities | $ 2,057,558 | $ 14,254,469 | |
Accrued Interest Payable on Reverse Repo Transactions | 10,518 | 31,867 | |
Total Reverse Repo Transactions | 2,068,076 | 14,286,336 | |
Accrued Interest Payable on Repo Transactions | 4,754 | 3,673 | $ 4,255 |
Total Repo Transactions | 1,948,559 | 1,670,059 | 3,030,473 |
Government securities [member] | |||
Disclosure of repo transactions [line items] | |||
Receivables from Reverse Repo Transactions of Government Securities | 2,057,558 | 14,254,469 | |
Payables for Repo Transactions of Government Securities | $ 1,943,805 | $ 1,666,386 | $ 3,026,218 |
Repo Transactions - Summary o_2
Repo Transactions - Summary of Repo Agreements in Financial Assets Pledged as Collateral and Reverse Repo Agreements in Off-Balance Sheet Items (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of repo transactions [abstract] | |||
Reverse Repo Transactions recorded as Off-Balance Sheet Items | $ 2,061,516 | $ 15,678,531 | |
Repo Transactions recorded in Financial Assets Pledged as Collateral | $ 3,032,245 | $ 1,965,824 | $ 1,672,194 |
Other Financial Assets - Summar
Other Financial Assets - Summary of Other Financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of other financial assets [line items] | |||
Other Financial Assets | $ 9,047,932 | $ 10,339,256 | $ 6,719,581 |
Debtors from spot sales of foreign currency pending settlement [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | 1,947,184 | 3,550,645 | 5,918 |
Debtors from spot sales of government securities pending settlement [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | 1,607,601 | 1,355,413 | 1,312,067 |
Sundry debtors [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | 810,757 | 441,191 | 447,246 |
Mutual funds [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | 4,264,431 | 4,516,228 | 4,544,877 |
Others [member] | |||
Disclosure of other financial assets [line items] | |||
Other Financial Assets | $ 417,959 | $ 475,779 | $ 409,473 |
Net Loans and Other Financing -
Net Loans and Other Financing - Summary of Net Loans and Other Financing (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of loans and other financing [line items] | |||
Non-financial Public Sector | $ 26,457 | $ 11,777 | $ 8,532 |
Argentine Central Bank | 5,318 | 533 | 3,604 |
Financial Institutions | 5,106,758 | 7,942,382 | 6,938,664 |
Loans | 5,106,758 | 7,942,382 | 6,938,664 |
Non-financial Private Sector and Residents Abroad | 249,251,684 | 290,412,186 | 286,639,194 |
Loans | 244,082,260 | 283,543,722 | 280,870,810 |
Financial Leases | 1,731,448 | 2,198,047 | 2,475,878 |
Other Financing | 3,437,976 | 4,670,417 | 3,292,506 |
Less: Allowances | (8,686,796) | (15,656,810) | (9,235,235) |
Total | 245,703,421 | 282,710,068 | 284,354,759 |
Bank overdraft [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 18,501,897 | 14,430,578 | 16,680,960 |
Promissory notes [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 46,613,651 | 36,020,263 | 52,455,181 |
Mortgages [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 4,013,513 | 11,793,007 | 8,435,337 |
Collateralized loan [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 1,249,027 | 997,958 | 1,591,432 |
Personal loans [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 24,365,344 | 29,144,931 | 34,632,328 |
Credit cards loans [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 129,153,045 | 113,395,362 | 125,176,057 |
Other loans [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | 23,313,178 | 74,793,302 | 44,962,639 |
Accrued interest adjustments and quotation differences receivable [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | (703,302) | 5,388,298 | 335,344 |
Documented Interest [member] | |||
Disclosure of loans and other financing [line items] | |||
Loans | $ (2,424,093) | $ (2,419,977) | $ (3,398,468) |
Financial Assets Pledged as C_3
Financial Assets Pledged as Collateral - Summary of Financial Assets Pledged as Collateral (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial assets pledged as collateral [abstract] | |||
Deposits as Collateral | $ 2,778,032 | $ 3,663,499 | $ 2,344,791 |
Special Escrow Accounts at the Argentine Central Bank | 4,285,315 | 5,188,169 | 5,329,804 |
Forward Purchases of Monetary Regulation Instruments | 3,032,246 | 53,736 | 1,660,746 |
Others | 1,912,088 | 11,447 | |
Total | $ 10,095,593 | $ 10,817,492 | $ 9,346,788 |
Current Income Tax Assets - Sum
Current Income Tax Assets - Summary of Current Income Tax Assets (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2017 | Dec. 31, 2018 |
Major components of tax expense (income) [abstract] | |||
Tax Credits | $ 216,396 | $ 134,740 | $ 94,918 |
Minimum Presumed Income Tax - Tax Credit Loss carryfoward | 27,086 | 142 | |
Less: Allowance for Impairment of Minimum Presumed Income Tax - Tax Credit | (8,551) | (142) | |
Total | $ 234,931 | $ 134,740 | $ 94,918 |
Current Income Tax Assets - S_2
Current Income Tax Assets - Summary of Tax Credits and Their Expiration of Minimum Presumed Income Tax (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure Of Income Taxes [line items] | |||
Tax Credit | $ 27,086 | $ 142 | |
Tax credit expiring two thousand sixteen [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2006 | ||
Tax Credit | 273 | ||
Expiration Date | 2016 | ||
Tax credit expiring two thousand seventeen [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2007 | ||
Tax Credit | 588 | 77 | |
Expiration Date | 2017 | ||
Tax credit expiring two thousand eighteen [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2008 | ||
Tax Credit | 669 | 12 | |
Expiration Date | 2018 | ||
Tax credit expiring two thousand nineteen [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2009 | ||
Tax Credit | 1,074 | 10 | |
Expiration Date | 2019 | ||
Tax credit expiring two thousand twenty [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2010 | ||
Tax Credit | 3,002 | 13 | |
Expiration Date | 2020 | ||
Tax credit expiring two thousand twenty one [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2011 | ||
Tax Credit | 2,686 | 6 | |
Expiration Date | 2021 | ||
Tax credit expiring two thousand twenty two [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2012 | ||
Tax Credit | 3,158 | 6 | |
Expiration Date | 2022 | ||
Tax credit expiring two thousand twenty three [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2013 | ||
Tax Credit | 3,466 | 4 | |
Expiration Date | 2023 | ||
Tax credit expiring two thousand twenty four [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2014 | ||
Tax Credit | 4,249 | 4 | |
Expiration Date | 2024 | ||
Tax credit expiring two thousand twenty five [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2015 | ||
Tax Credit | 6,718 | 3 | |
Expiration Date | 2025 | ||
Tax credit expiring two thousand twenty six [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2016 | ||
Tax Credit | $ 1,203 | 4 | |
Expiration Date | 2026 | ||
Tax credit expiring two thousand twenty seven [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2017 | ||
Tax Credit | $ 3 | ||
Expiration Date | 2027 | ||
Tax credit expiring two thousand twenty eight [member] | |||
Disclosure Of Income Taxes [line items] | |||
Date of Generation | 2018 | ||
Expiration Date | 2028 |
Equity Investments in Subsidi_3
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Equity Investments in Subsidiaries (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 1,818,559 | $ 2,252,519 | |
Banco De Galicia Y Buenos Aires S.A.U. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 668,549,353 | $ 795,973,974 | |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Cobranzas Regionales S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 8,300 | $ 7,700 | |
Proportion of ownership interest in subsidiary | 83.00% | 77.00% | |
Galicia Administradora de Fondos S.A [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 20,000 | $ 20,000 | |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Galicia Broker Asesores de Seguros S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 71,310 | $ 71,310 | |
Proportion of ownership interest in subsidiary | 99.99% | 99.99% | |
Galicia Retiro Compania de Seguros S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 7,727,271 | $ 7,727,271 | |
Proportion of ownership interest in subsidiary | 99.99% | 99.99% | |
Galicia Seguros S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 1,830,883 | $ 1,830,883 | |
Proportion of ownership interest in subsidiary | 99.99% | 99.99% | |
Galicia Valores S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 1,000,000 | $ 1,000,000 | |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Galicia Warrants S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 1,000,000 | $ 1,000,000 | |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Financial Trust Galtrust I [member] | |||
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 100.00% | ||
Financial Trust Saturno Creditos [member] | |||
Disclosure of subsidiaries [line items] | |||
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Net Investment S.A. (in Liquidation) [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 12,000 | ||
Proportion of ownership interest in subsidiary | 100.00% | ||
Ondara S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 13,636,990 | $ 12,709,967 | |
Proportion of ownership interest in subsidiary | 83.85% | 78.15% | |
Sudamericana Holding S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 185,653 | $ 185,653 | |
Proportion of ownership interest in subsidiary | 100.00% | 100.00% | |
Tarjeta Naranja S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 2,344 | $ 2,174 | |
Proportion of ownership interest in subsidiary | 83.00% | 77.00% | |
Tarjetas Regionales S.A. [member] | |||
Disclosure of subsidiaries [line items] | |||
Investments in subsidiaries | $ 894,552,668 | $ 829,886,212 | |
Proportion of ownership interest in subsidiary | 83.00% | 77.00% |
Equity Investments in Subsidi_4
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Balances of Subsidiaries, According to the IFRS-based Accounting Framework (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 | |
Disclosure of subsidiaries [line items] | ||||
Assets | $ 569,691,898 | $ 489,641,114 | $ 450,614,394 | |
Liabilities | 507,844,212 | 422,162,798 | 404,941,516 | |
Shareholders' Equity | 61,847,686 | 67,478,316 | $ 45,672,878 | $ 45,672,878 |
Net (Loss) / Income for the Year | (3,829,507) | 7,277,752 | ||
Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 517,877,929 | 480,374,665 | ||
Liabilities | 468,725,396 | 416,511,409 | ||
Shareholders' Equity | 49,152,533 | 63,863,256 | ||
Net (Loss) / Income for the Year | (1,789,529) | 5,664,659 | ||
Cobranzas Regionales S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 110,115 | 85,518 | ||
Liabilities | 67,750 | 33,136 | ||
Shareholders' Equity | 42,365 | 52,382 | ||
Net (Loss) / Income for the Year | 6,887 | 7,657 | ||
Galicia Administradora de Fondos S.A [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 674,108 | 1,087,676 | ||
Liabilities | 229,514 | 408,209 | ||
Shareholders' Equity | 444,594 | 679,467 | ||
Net (Loss) / Income for the Year | 385,151 | 648,361 | ||
Galicia Broker Asesores de Seguros S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 26,475 | 47,408 | ||
Liabilities | 13,382 | 29,699 | ||
Shareholders' Equity | 13,093 | 17,709 | ||
Net (Loss) / Income for the Year | 25,056 | 19,852 | ||
Galicia Retiro Compania de Seguros S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 249,069 | 285,152 | ||
Liabilities | 186,776 | 224,780 | ||
Shareholders' Equity | 62,293 | 60,372 | ||
Net (Loss) / Income for the Year | 24,293 | 6,384 | ||
Galicia Seguros S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 2,703,486 | 2,907,428 | ||
Liabilities | 1,654,652 | 1,739,299 | ||
Shareholders' Equity | 1,048,834 | 1,168,129 | ||
Net (Loss) / Income for the Year | 544,122 | 599,791 | ||
Galicia Valores S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 258,936 | 259,016 | ||
Liabilities | 39,877 | 34,034 | ||
Shareholders' Equity | 219,059 | 224,982 | ||
Net (Loss) / Income for the Year | 66,678 | 73,052 | ||
Galicia Warrants S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 442,502 | 3,624,332 | ||
Liabilities | 226,880 | 2,020,122 | ||
Shareholders' Equity | 215,622 | 1,604,210 | ||
Net (Loss) / Income for the Year | 114 | 385,104 | ||
Financial Trust Saturno Creditos [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 17,055 | 34,508 | ||
Liabilities | 1,184 | 2,086 | ||
Shareholders' Equity | 15,871 | 32,422 | ||
Net (Loss) / Income for the Year | (2,586) | 3,944 | ||
Ondara S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 22,511 | 37,738 | ||
Liabilities | 22 | 6,951 | ||
Shareholders' Equity | 22,489 | 30,787 | ||
Net (Loss) / Income for the Year | 1,636 | 8,693 | ||
Sudamericana Holding S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 3,307,403 | 432,842 | ||
Liabilities | 1,955,028 | 217,333 | ||
Shareholders' Equity | 1,352,375 | 215,509 | ||
Net (Loss) / Income for the Year | 249,358 | 7,886 | ||
Tarjeta Naranja S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 51,194,581 | 53,189,426 | ||
Liabilities | 41,875,082 | 41,598,049 | ||
Shareholders' Equity | 9,319,499 | 11,591,377 | ||
Net (Loss) / Income for the Year | 2,068,688 | 3,643,368 | ||
Tarjetas Regionales S.A. [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 52,713,479 | 54,653,428 | ||
Liabilities | 42,579,675 | 42,229,161 | ||
Shareholders' Equity | 10,133,804 | 12,424,267 | ||
Net (Loss) / Income for the Year | $ (2,139,323) | 4,017,095 | ||
Financial Trust Galtrust I [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 208,171 | |||
Liabilities | 503 | |||
Shareholders' Equity | 207,668 | |||
Net (Loss) / Income for the Year | 97,817 | |||
Net Investment S.A. (in Liquidation) [member] | ||||
Disclosure of subsidiaries [line items] | ||||
Assets | 419 | |||
Shareholders' Equity | 419 | |||
Net (Loss) / Income for the Year | $ (55) |
Equity Investments in Subsidi_5
Equity Investments in Subsidiaries, Associates and Joint Ventures - Summary of Investments in Associates and Joint Ventures (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Jan. 01, 2018 | Dec. 31, 2017 |
Disclosure of Investments in Associates and Joint Ventures [line items] | |||
Investments in associates and joint ventures | $ 286,802 | ||
Prisma Medios de Pago S.A [member] | |||
Disclosure of Investments in Associates and Joint Ventures [line items] | |||
Investments in associates and joint ventures | 259,687 | ||
Nova Re Compania Argentina de Reaseguros S A [member] | |||
Disclosure of Investments in Associates and Joint Ventures [line items] | |||
Investments in associates and joint ventures | 27,115 | ||
Others [member] | |||
Disclosure of Investments in Associates and Joint Ventures [line items] | |||
Investments in associates and joint ventures | $ 56 | 1,107 | $ 83 |
Allowances [member] | |||
Disclosure of Investments in Associates and Joint Ventures [line items] | |||
Investments in associates and joint ventures | $ (56) | $ (1,107) | $ (83) |
Leases - Summary of Property, P
Leases - Summary of Property, Plant and Equipment Under the Terms of Financial Lease Contracts (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | $ 19,362,585 | $ 18,209,015 | $ 16,348,360 |
Finance lease contracts [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | 242 | 765 | |
Finance lease contracts [member] | Gross carrying amount [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | 14,660 | 15,100 | 16,236 |
Finance lease contracts [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | (14,660) | (14,858) | (15,471) |
Machinery and equipment [member] | Finance lease contracts [member] | Gross carrying amount [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | 14,660 | 14,660 | 14,660 |
Machinery and equipment [member] | Finance lease contracts [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | $ (14,660) | (14,660) | (14,660) |
Vehicles [member] | Finance lease contracts [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | 242 | 765 | |
Vehicles [member] | Finance lease contracts [member] | Gross carrying amount [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | 440 | 1,576 | |
Vehicles [member] | Finance lease contracts [member] | Accumulated depreciation and amortisation [member] | |||
Disclosure of recognised finance lease as assets by lessee [line items] | |||
Property, Plant and Equipment | $ (198) | $ (811) |
Leases - Summary of Estimated F
Leases - Summary of Estimated Future Lease Payments (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of finance lease and operating lease by lessee [line items] | |||
Operating lease payable | $ 12,382,273 | $ 4,053,632 | $ 3,020,523 |
Not later than one year [member] | |||
Disclosure of finance lease and operating lease by lessee [line items] | |||
Operating lease payable | 906,405 | 788,950 | 672,834 |
Later than one year and not later than five years [member] | |||
Disclosure of finance lease and operating lease by lessee [line items] | |||
Operating lease payable | 5,284,731 | 2,185,391 | 1,917,092 |
Later than five years [member] | |||
Disclosure of finance lease and operating lease by lessee [line items] | |||
Operating lease payable | $ 6,191,137 | $ 1,079,291 | $ 430,597 |
Deferred Income Tax Assets_Li_3
Deferred Income Tax Assets/Liabilities - Summary of Changes in Deferred Income Tax Assets and Liabilities (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Deferred Tax Assets Valuation of Securities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | $ 4,901 | $ 3,814 |
Charge to Income | (3,325) | 1,087 |
Ending balance | 1,576 | 4,901 |
Deferred Tax Assets Other Financial Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (58) | |
Charge to Income | 1,901 | 58 |
Others | (2,179) | |
Ending balance | (278) | |
Deferred Tax Assets Loans and Other Financing [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 927,737 | 1,190,776 |
Charge to Income | 595,664 | (263,039) |
Ending balance | 1,523,401 | 927,737 |
Deferred Tax Assets Property, Plant And Equipment [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (223,241) | (230,188) |
Charge to Income | (455,616) | 83 |
Others | (21) | 6,864 |
Ending balance | (678,878) | (223,241) |
Deferred Tax Assets Intangible Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (92) | |
Charge to Income | 92 | |
Deferred Tax Assets Tax Loss Carry-forwards [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 1,725 | |
Charge to Income | 7,612 | (1,725) |
Allowance for Impairment | (3,764) | |
Ending balance | 3,848 | |
Deferred Tax Assets Other Non-financial Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 40,131 | 3,995 |
Charge to Income | (6,137) | 36,136 |
Ending balance | 33,994 | 40,131 |
Deferred Tax Assets Non-current Assets Held for Sale [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Charge to Income | (3,980) | |
Allowance for Impairment | 1,876 | |
Others | 2,104 | |
Deferred Tax Assets Allowance for Impairment [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 4,609 | 3,292 |
Charge to Income | 20,401 | 1,301 |
Allowance for Impairment | 16 | |
Ending balance | 25,010 | 4,609 |
Deferred Tax Assets Other Financial Liabilities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 912 | |
Charge to Income | (16,843) | 912 |
Ending balance | (15,931) | 912 |
Deferred Tax Assets Provisions [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 17,201 | 80,260 |
Charge to Income | 92,545 | (9,796) |
Others | (55,234) | (53,263) |
Ending balance | 54,512 | 17,201 |
Deferred Tax Assets Other Non-financial Liabilities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 4,146 | 3,504 |
Charge to Income | 12,974 | 642 |
Others | 558 | |
Ending balance | 17,678 | 4,146 |
Deferred Tax Assets Quotation Difference [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 5,548 | 16,022 |
Charge to Income | 1,236 | (10,474) |
Ending balance | 6,784 | 5,548 |
Deferred Tax Assets Others [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (19,374) | (37,790) |
Charge to Income | 22,895 | 18,416 |
Others | (2,262) | |
Ending balance | 1,259 | (19,374) |
Deferred Tax Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 762,570 | 1,035,260 |
Charge to Income | 269,327 | (226,307) |
Allowance for Impairment | (1,888) | 16 |
Others | (57,034) | (46,399) |
Ending balance | 972,975 | 762,570 |
Deferred Tax Liabilities Valuation of Securities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 16,718 | (38,276) |
Charge to Income | (143,241) | 54,994 |
Ending balance | (126,523) | 16,718 |
Deferred Tax Liabilities Other Financial Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (37,930) | (30,062) |
Charge to Income | (13,364) | (7,503) |
Others | 2,179 | (365) |
Ending balance | (49,115) | (37,930) |
Deferred Tax Liabilities Loans and Other Financing [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 321,679 | 387,020 |
Charge to Income | 1,049,720 | (65,341) |
Ending balance | 1,371,399 | 321,679 |
Deferred Tax Liabilities Property, Plant and Equipment [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (2,784,001) | (3,415,959) |
Charge to Income | (481,544) | 632,760 |
Others | 21 | (802) |
Ending balance | (3,265,524) | (2,784,001) |
Deferred Tax Liabilities Intangible Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 258,221 | 570,959 |
Charge to Income | (433,524) | (312,738) |
Ending balance | (175,303) | 258,221 |
Deferred Tax Liabilities Tax Loss Carry-forwards [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 272,828 | |
Charge to Income | (265,421) | |
Allowance for Impairment | (7,716) | |
Others | 309 | |
Deferred Tax Liabilities Other Non-financial Assets [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (154,315) | 5,018 |
Charge to Income | (223,424) | (159,333) |
Ending balance | (377,739) | (154,315) |
Deferred Tax Liabilities Non-current Assets Held for Sale [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (380,838) | |
Charge to Income | 383,774 | (378,067) |
Allowance for Impairment | (2,771) | |
Others | (2,104) | |
Ending balance | 832 | (380,838) |
Deferred Tax Liabilities Allowance for Impairment [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (276,698) | |
Charge to Income | 54,977 | |
Allowance for Impairment | 221,721 | |
Deferred Tax Liabilities Subordinated Debt Securities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (20,331) | (3,173) |
Charge to Income | 2,734 | (17,158) |
Ending balance | (17,597) | (20,331) |
Deferred Tax Liabilities Provisions [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 200,091 | 632,800 |
Charge to Income | 131,926 | (484,267) |
Others | 55,234 | 51,558 |
Ending balance | 387,251 | 200,091 |
Deferred Tax Liabilities Other Non-financial Liabilities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | 494,380 | 50,291 |
Charge to Income | (89,776) | 445,557 |
Others | (558) | (1,468) |
Ending balance | 404,046 | 494,380 |
Deferred Tax Liabilities Others [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (2,214) | 1,655 |
Charge to Income | (55,421) | (2,248) |
Others | 2,262 | (1,621) |
Ending balance | (55,373) | (2,214) |
Deferred Tax Liabilities [member] | ||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | ||
Beginning balance | (2,088,540) | (1,843,597) |
Charge to Income | 127,860 | (503,788) |
Allowance for Impairment | 211,234 | |
Others | 57,034 | 47,611 |
Ending balance | $ (1,903,646) | $ (2,088,540) |
Deferred Income Tax Assets_Li_4
Deferred Income Tax Assets/Liabilities - Summary of Expiration Dates of Tax Loss Carry-forwards (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018ARS ($) | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Year of Generation | 2018 |
Amount | $ 25,373 |
Year Due | 2023 |
Charged to Income [member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Deferred Tax Assets | $ 7,612 |
Deferred Income Tax Assets_Li_5
Deferred Income Tax Assets/Liabilities - Additional Information (Detail) $ in Thousands | Dec. 31, 2018ARS ($) |
Allowance for impairment [member] | |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |
Allowance for impairment for deferred tax asset | $ (3,764) |
Assets_Liabilities for Insura_3
Assets/Liabilities for Insurance Contracts - Assets Related to Insurance Contracts (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [abstract] | |||
Premiums Receivable | $ 962,651 | $ 964,214 | $ 1,006,658 |
Receivables from Reinsurers | 6,143 | 5,361 | 5,128 |
Fees to collect | 12,828 | 2,455 | |
Others | 7,101 | 10,472 | 9,917 |
Total | $ 988,723 | $ 982,502 | $ 1,021,703 |
Assets_Liabilities for Insura_4
Assets/Liabilities for Insurance Contracts - Liabilities Related to Insurance Contracts (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of reconciliation of changes in insurance contracts by remaining coverage and incurred claims [abstract] | |||
Debts with Insured | $ 373,600 | $ 416,318 | $ 420,249 |
Debts with Reinsurers | 9,702 | 25,904 | (1,535) |
Debts with Co-insurers | 2,639 | 3,608 | 4,741 |
Debts with Insurance Brokers | 185,930 | 191,681 | 195,257 |
Statutory Reserves | 571,225 | 589,255 | 561,227 |
Unpaid Losses to Be Borne by Reinsurers (Offset Account) | (39,876) | (31,119) | (25,777) |
Total | $ 1,103,220 | $ 1,195,647 | $ 1,154,162 |
Assets_Liabilities for Insura_5
Assets/Liabilities for Insurance Contracts - Summary of Debts with Insureds (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of types of insurance contracts [line items] | |||
Total | $ 373,600 | $ 416,318 | $ 420,249 |
Property insurance [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 105,517 | 93,082 | 66,389 |
Property insurance [member] | Administrative direct insurance [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 60,118 | 48,569 | 37,146 |
Property insurance [member] | Direct insurance in litigation [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 9,966 | 9,060 | 4,710 |
Property insurance [member] | Direct insurance in mediation [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 426 | 741 | 702 |
Property insurance [member] | Settled losses to be paid [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 1,609 | 2,438 | 2,463 |
Property insurance [member] | Unpaid losses for active reinsurance and retrocession [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 1,038 | 793 | |
Property insurance [member] | Incurred but not reported losses IBNR [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Property Insurance | 32,360 | 31,481 | 21,368 |
Life insurance contracts [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 268,074 | 322,997 | 353,615 |
Life insurance contracts [member] | Administrative direct insurance [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 243,850 | 294,959 | 308,463 |
Life insurance contracts [member] | Direct insurance in litigation [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 4,752 | 5,528 | 3,534 |
Life insurance contracts [member] | Direct insurance in mediation [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 668 | 1,389 | 1,094 |
Life insurance contracts [member] | Settled losses to be paid [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 1,424 | 3,673 | 4,907 |
Life insurance contracts [member] | Unpaid losses for active reinsurance and retrocession [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 4,400 | 2,826 | |
Life insurance contracts [member] | Incurred but not reported losses IBNR [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 12,714 | 14,229 | 35,125 |
Life insurance contracts [member] | Surrenders payable [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 265 | 391 | 488 |
Life insurance contracts [member] | Payables for premiums to be refunded [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Life Insurance | 1 | 2 | 4 |
Retirement insurance [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Retirement Insurance | 9 | 239 | 245 |
Retirement insurance [member] | Past due annuities payable [member] | |||
Disclosure of types of insurance contracts [line items] | |||
Retirement Insurance | $ 9 | $ 239 | $ 245 |
Assets_Liabilities for Insura_6
Assets/Liabilities for Insurance Contracts - Summary of Net Gross and Reinsurers Share for Amounts Arising from Insurance Contracts (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||
Current Account | $ 24,491 | $ 45,064 |
Restatement Premiums | 0 | 0 |
Minimum Deposit Premium to Be Accrued | (12,150) | (15,552) |
Deposits as Collateral | 0 | 0 |
Unpaid Losses to Be Borne by Reinsurers | (39,876) | (31,119) |
Total | (27,535) | $ (1,607) |
IBNR to be borne by reinsurers [member] | ||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||
Current Account | 21,852 | |
Restatement Premiums | 0 | |
Minimum Deposit Premium to Be Accrued | (12,150) | |
Deposits as Collateral | 0 | |
Unpaid Losses to Be Borne by Reinsurers | (39,876) | |
Total | (30,174) | |
Debts with co-insurers [member] | ||
Disclosure of net, gross and reinsurer's share for amounts arising from insurance contracts [line items] | ||
Current Account | 2,639 | |
Restatement Premiums | 0 | |
Deposits as Collateral | 0 | |
Total | $ 2,639 |
Assets_Liabilities for Insura_7
Assets/Liabilities for Insurance Contracts - Summary of Debts with Insurance Brokers (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of types of insurance contracts [abstract] | |||
Current Account - Insurance Brokers | $ 45,225 | $ 47,263 | $ 87,939 |
Commissions on Premiums Receivable | 113,238 | 114,482 | 62,016 |
Underwriting Expenses Payable | 27,467 | 29,936 | 45,302 |
Total | $ 185,930 | $ 191,681 | $ 195,257 |
Assets_Liabilities for Insura_8
Assets/Liabilities for Insurance Contracts - Summary of Statutory Reserves (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure Of Statutory Reserves [abstract] | |||
Unearned Premiums and Similar | $ 327,392 | $ 296,487 | $ 241,924 |
Premiums and Surcharges | 316,672 | 301,076 | 293,729 |
Premiums on Passive Reinsurance | (14,516) | (35,710) | (52,067) |
Active Reinsurance | 25,236 | 30,948 | |
Insufficient Premiums | 173 | 262 | |
Mathematical Reserves | 243,833 | 292,768 | 319,303 |
Mathematical Reserves - Individual Life Insurance | 80,545 | 88,543 | 91,918 |
Mathematical Reserves - Individual Retirement Insurance | 67,088 | 47,960 | 54,051 |
Mathematical Reserves of Life Annuities | 95,179 | 118,224 | 133,611 |
Provision for Restoring the Mathematical Reserve | 7 | 12 | 6 |
Fluctuation Funds | 1,014 | 38,029 | 39,717 |
Total | $ 571,225 | $ 589,255 | $ 561,227 |
Assets_Liabilities for Insura_9
Assets/Liabilities for Insurance Contracts - Summary of Assumption Used for Current Estimates of Future Cash Flows Derived from Insurance Contract (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of types of insurance contracts [abstract] | |
Mortality Table | GAM 94 |
Investment (Discount) Rate | 3.38% |
Benchmark Rate | Projected benchmark rate based on a share of CER starting with 1.36% in the case of voluntary retirement and 1.63% in the case of life annuities. |
Administrative Expenses | 682 in the case of voluntary retirement and 620 in the case of life annuities |
Other Non-financial Assets - Su
Other Non-financial Assets - Summary of Other Non-financial Assets (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | $ 2,824,769 | $ 3,738,130 | $ 3,019,668 |
Shareholder [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 50,431 | ||
Payments in advance of directors' and syndics' fees [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 2,071 | 5,054 | 19,527 |
Payments in advance to personnel [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 50,385 | 18,382 | 18,416 |
Tax Credits [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 115,558 | 61,460 | 251,330 |
Payments in advance [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 448,545 | 449,312 | 398,684 |
Advances for purchase of assets [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 1,141,114 | 2,180,993 | 1,103,230 |
Investment property [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 290,894 | 296,418 | 302,453 |
Other miscellaneous assets measured at cost [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 696,996 | 588,468 | 681,033 |
Assets acquired through foreclosures [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | 32,852 | 54,787 | 31,041 |
Other Non financial asset [member] | |||
Disclosure of Other Non Financial Assets [line items] | |||
Other non-financial assets | $ 46,354 | $ 83,256 | $ 163,523 |
Non-current Assets Held for S_3
Non-current Assets Held for Sale and Discontinued Operations - Summary of Classification of Assets as Assets Held for Sale and Discontinued Operations (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||
Equity Investments | $ 10,914,825 | $ 414,778 | $ 10,855,802 |
Other Debt Securities | 188,947 | ||
Property, Plant and Equipment | 4,291 | 4,290 | 4,289 |
Total | 10,919,116 | 608,015 | 10,860,091 |
Prisma Medios de Pago S.A [member] | |||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||
Equity Investments | 414,778 | 374,937 | |
Compania Financiera Argentina S.A [member] | |||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||
Equity Investments | 10,859,722 | 10,425,762 | |
Cobranzas y Servicios S.A [member] | |||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||
Equity Investments | 55,103 | 55,103 | |
Financial Trust Crecere [member] | |||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||
Other Debt Securities | 188,947 | ||
Real estate [member] | |||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||
Property, Plant and Equipment | $ 4,291 | $ 4,290 | $ 4,289 |
Non-current Assets Held for S_4
Non-current Assets Held for Sale and Discontinued Operations - Additional Information (Detail) - ARS ($) $ in Thousands | Feb. 01, 2019 | May 08, 2018 | Mar. 26, 2018 | Dec. 31, 2018 | Dec. 31, 2017 |
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||||
Income tax impact for discontinued operations | $ 31,675 | $ 321,760 | |||
Prisma Medios de Pago S.A [member] | |||||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||||
Non-current assets held for sale | 414,778 | $ 374,937 | |||
Dividends | $ 490,393 | ||||
Prisma Medios de Pago S.A [member] | Other disposals of assets [member] | |||||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||||
Equity interest was transferred | 51.00% | ||||
Compaa Financiera Argentina SA and Cobranzas y Servicios SA [member] | |||||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||||
Income tax impact for discontinued operations | $ 31,675 | ||||
Compania Financiera Argentina S.A [member] | |||||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||||
Final sale price | $ 1,527,013 | ||||
Gain (loss) from the sale of business | (278,645) | ||||
Cobranzas y Servicios S.A [member] | |||||
Noncurrent Assets Held For Sale And Discontinued Operations [line items] | |||||
Final sale price | 31,790 | ||||
Gain (loss) from the sale of business | $ 18,889 |
Non-current Assets Held for S_5
Non-current Assets Held for Sale and Discontinued Operations - Summary of Discontinued Operations (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Disclosure of Discontinued Operations [line items] | ||||
Assets | $ 569,691,898 | $ 489,641,114 | $ 450,614,394 | |
Cash and Due from Banks | 143,309,428 | 87,044,881 | 121,183,979 | |
Equity Investments | 161,054 | 111,923 | 187,135 | |
Bank Property, Plant and Equipment | 19,362,585 | 18,209,015 | 16,348,360 | |
Intangible Assets | 4,587,147 | 1,724,914 | 1,660,793 | |
Liabilities | 507,844,212 | 422,162,798 | 404,941,516 | |
Deposits | 360,097,275 | 296,367,356 | 277,077,562 | |
Provisions | $ 1,449,323 | 897,260 | 709,213 | $ 709,213 |
Equity Investments in Subsidiaries | 1,818,559 | 2,252,519 | ||
Compania Financiera Argentina S.A [member] | ||||
Disclosure of Discontinued Operations [line items] | ||||
Equity Investments in Subsidiaries | 1,805,658 | 2,239,617 | ||
Cobranzas y Servicios S.A [member] | ||||
Disclosure of Discontinued Operations [line items] | ||||
Equity Investments in Subsidiaries | 12,901 | $ 12,902 | ||
Discontinued operations [member] | Compania Financiera Argentina S.A [member] | ||||
Disclosure of Discontinued Operations [line items] | ||||
Assets | 10,425,762 | |||
Cash and Due from Banks | 754,856 | |||
Securities | 30,911 | |||
Loans | 9,058,863 | |||
Miscellaneous Receivables | 383,937 | |||
Equity Investments | 7,927 | |||
Bank Property, Plant and Equipment | 73,093 | |||
Miscellaneous Assets | 3,709 | |||
Intangible Assets | 112,466 | |||
Liabilities | 8,620,104 | |||
Deposits | 2,603,478 | |||
Debt Securities | 2,304,169 | |||
Other Liabilities Resulting from Financial Brokerage | 3,039,665 | |||
Miscellaneous Liabilities | 594,386 | |||
Provisions | 78,406 | |||
Discontinued operations [member] | Cobranzas y Servicios S.A [member] | ||||
Disclosure of Discontinued Operations [line items] | ||||
Assets | 55,103 | |||
Cash and Due from Banks | 545 | |||
Securities | 23,707 | |||
Miscellaneous Receivables | 30,851 | |||
Liabilities | 42,202 | |||
Miscellaneous Liabilities | $ 42,202 |
Deposits - Summary of Deposits
Deposits - Summary of Deposits (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure Of Deposits [line items] | |||
Deposits from customers | $ 360,097,275 | $ 296,367,356 | $ 277,077,562 |
Domestic currency deposits [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 197,429,716 | 192,412,724 | 183,073,374 |
Domestic currency deposits [member] | Checking accounts [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 39,854,371 | 48,899,103 | 51,553,662 |
Domestic currency deposits [member] | Savings accounts [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 61,128,663 | 61,068,905 | 47,849,922 |
Domestic currency deposits [member] | Time deposits [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 89,204,808 | 78,139,750 | 79,111,568 |
Domestic currency deposits [member] | Time deposits - UVA [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 1,984,548 | 889,541 | 153,275 |
Domestic currency deposits [member] | Others [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 1,273,540 | 1,307,966 | 2,780,765 |
Domestic currency deposits [member] | Interest and Adjustments [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 3,983,786 | 2,107,459 | 1,624,182 |
Foreign currency deposits [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 162,667,559 | 103,954,632 | 94,004,188 |
Foreign currency deposits [member] | Savings accounts [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 137,762,699 | 87,181,645 | 50,026,752 |
Foreign currency deposits [member] | Time deposits [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 24,064,063 | 16,162,106 | 12,356,404 |
Foreign currency deposits [member] | Others [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | 792,809 | 587,628 | 31,605,693 |
Foreign currency deposits [member] | Interest and Adjustments [member] | |||
Disclosure Of Deposits [line items] | |||
Deposits from customers | $ 47,988 | $ 23,253 | $ 15,339 |
Other Financial Liabilities - S
Other Financial Liabilities - Summary of Other Financial Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | $ 63,235,042 | $ 55,350,799 | $ 57,094,776 |
Payables for purchases pending settlement [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 1,512,197 | 1,597,375 | 1,993,765 |
Collections and other transactions on account of third parties [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 7,646,888 | 4,649,744 | 5,891,142 |
Liabilities due to financing of purchases [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 36,894,587 | 39,185,267 | 38,237,617 |
Payables for foreign currency purchase pending settlement [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 14,409,983 | 7,455,274 | 9,124,786 |
Commissions accrued payable [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 344,570 | 295,660 | 205,413 |
Miscellaneous subject to minimum cash requirements [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 507,101 | 417,075 | 584,706 |
Miscellaneous not subject to minimum cash requirements [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | 1,195,353 | 918,298 | 507,406 |
Other Financial Liabilities [member] | |||
Disclosure Of Other Financial Liabilities [line items] | |||
Other Financial Liabilities | $ 724,363 | $ 832,106 | $ 549,941 |
Loans from the Argentina Centra
Loans from the Argentina Central Bank and Other Financial Institutions - Summary of Loans from the Argentina Central Bank and Other Financial Institutions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of detailed information about borrowings [line items] | |||
Total | $ 19,446,028 | $ 11,618,302 | $ 12,717,145 |
Loans from the Argentine Central Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total | 28,675 | 22,623 | 23,450 |
Correspondents borrowings [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total | 1,583,638 | 614,362 | 2,104,863 |
Loans from Local Financial Institutions [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total | 5,719,582 | 3,552,963 | 6,511,273 |
Loans from Foreign Financial Institutions [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total | 7,474,069 | 6,056,735 | 3,840,658 |
Loans from International Entities [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Total | $ 4,640,064 | $ 1,371,619 | $ 236,901 |
Loans from the Argentina Cent_2
Loans from the Argentina Central Bank and Other Financial Institutions - Schedule of Credit Lines with Local and International Financial Institutions and Entities (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | |||
Notional Amount | $ 12,717,145 | $ 19,446,028 | $ 11,618,302 |
Local loans [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Notional Amount | 6,578,602 | 5,748,257 | 3,575,586 |
International loan [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Notional Amount | $ 6,138,543 | $ 13,697,771 | $ 8,042,716 |
International loan [member] | Financial institutions and correspondents [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | 12.31.18 | ||
Term | 2 days | ||
Maturity Date | 01.02.19 | ||
Notional Amount | $ 1,583,638 | ||
International loan [member] | IFC [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | ||
Term | 945 days | ||
Rate | 5.78% | ||
Maturity Date | Miscellaneous | ||
Notional Amount | $ 4,591,008 | ||
International loan [member] | Pre financing [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | ||
Term | 235 days | ||
Rate | 3.96% | ||
Maturity Date | Miscellaneous | ||
Notional Amount | $ 5,643,958 | ||
International loan [member] | IDB [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | ||
Term | 351 days | ||
Rate | 4.44% | ||
Maturity Date | Miscellaneous | ||
Notional Amount | $ 1,879,167 | ||
Argentina, Pesos [member] | Local loans [member] | BICE [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | Miscellaneous | Miscellaneous |
Term | 1,648 days | 1,838 days | 1,875 days |
Rate | 23.67% | 50.88% | 23.84% |
Maturity Date | Miscellaneous | Miscellaneous | Miscellaneous |
Notional Amount | $ 2,174,110 | $ 2,844,547 | $ 3,253,133 |
Argentina, Pesos [member] | Local loans [member] | Call taken [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | 12.30.16 | 12.28.18 | 12.28.17 |
Term | 3 days | 5 days | 5 days |
Rate | 25.38% | 55.94% | 24.50% |
Maturity Date | 01.02.17 | 01.02.19 | 01.02.18 |
Notional Amount | $ 304,021 | $ 804,056 | $ 93,699 |
Argentina, Pesos [member] | Local loans [member] | Argentine Central Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | 12.30.16 | 12.28.18 | 12.28.17 |
Term | 3 days | 5 days | 5 days |
Maturity Date | 01.02.17 | 01.02.19 | 01.02.18 |
Notional Amount | $ 21,180 | $ 27,681 | $ 21,565 |
Argentina, Pesos [member] | Local loans [member] | Other Lines [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | Miscellaneous | Miscellaneous |
Term | 490 days | 364 days | 365 days |
Rate | 28.44% | 45.89% | 27.95% |
Maturity Date | Miscellaneous | Miscellaneous | Miscellaneous |
Notional Amount | $ 4,025,742 | $ 1,955,180 | $ 202,276 |
Argentina, Pesos [member] | Local loans [member] | Financial institutions and correspondents [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | 12.30.16 | ||
Term | 3 days | ||
Maturity Date | 01.02.17 | ||
Notional Amount | $ 43,879 | ||
U.S. Dollar [member] | IDB [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | ||
Term | 240 days | ||
Rate | 3.21% | ||
Maturity Date | Miscellaneous | ||
Notional Amount | $ 450,942 | ||
U.S. Dollar [member] | Local loans [member] | BICE [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | Miscellaneous | Miscellaneous |
Term | 1,170 days | 1,792 days | 1,086 days |
Rate | 4.50% | 4.36% | 3.38% |
Maturity Date | Miscellaneous | Miscellaneous | Miscellaneous |
Notional Amount | $ 7,400 | $ 115,799 | $ 3,855 |
U.S. Dollar [member] | Local loans [member] | Argentine Central Bank [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | 12.30.16 | 12.18.18 | 12.28.17 |
Term | 3 days | 5 days | 5 days |
Maturity Date | 01.02.17 | 01.02.19 | 01.02.18 |
Notional Amount | $ 2,270 | $ 994 | $ 1,058 |
U.S. Dollar [member] | International loan [member] | Financial institutions and correspondents [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | 12.30.16 | 12.29.17 | |
Term | 3 days | 4 days | |
Maturity Date | 01.02.17 | 01.02.18 | |
Notional Amount | $ 2,060,984 | $ 614,362 | |
U.S. Dollar [member] | International loan [member] | IFC [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | Miscellaneous | |
Term | 1,209 days | 1,085 days | |
Rate | 5.80% | 5.59% | |
Maturity Date | Miscellaneous | Miscellaneous | |
Notional Amount | $ 146,024 | $ 1,247,368 | |
U.S. Dollar [member] | International loan [member] | Pre financing [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | Miscellaneous | |
Term | 267 days | 208 days | |
Rate | 2.57% | 2.89% | |
Maturity Date | Miscellaneous | Miscellaneous | |
Notional Amount | $ 3,840,658 | $ 5,701,293 | |
U.S. Dollar [member] | International loan [member] | Proparco [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Date of Placement | Miscellaneous | Miscellaneous | |
Term | 210 days | 351 days | |
Rate | 4.96% | 4.96% | |
Maturity Date | Miscellaneous | Miscellaneous | |
Notional Amount | $ 90,877 | $ 28,751 |
Debt Securities - Summary of Br
Debt Securities - Summary of Breakdown of the Global Programs for the Issuance of Negotiable Obligations Outstanding (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018USD ($) | |
Grupo Financiero Galicia SA [member] | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 100,000 |
Type of Debt Securities | Simple debt securities, not convertible into shares |
Term of Program | 5 years |
Date of Approval by Shareholders' Meeting | 03.09.09 confirmed on 08.02.12 |
Approval by the C.N.V. | Resolution No. 16113 dated 04.29.09 and extended through Resolution No. 17343 dated 05.08.14 Authorization of the increase, Resolution No. 17064 dated 04.25.13 |
Banco De Galicia Y Buenos Aires S.A.U. [member] | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 2,100,000 |
Type of Debt Securities | Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. |
Term of Program | 5 years |
Date of Approval by Shareholders' Meeting | 04.28.05, 04.14.10, 04.29.15 and 11.09.16 |
Approval by the C.N.V. | Resolution No. 15228 dated 11.04.05 and extended through Resolution No. 16454 dated 11.11.10 and Resolution No. 17883 dated 11.20.15. Increase of the amount approved by Resolutions Nos. 17883 dated 11.20.15, No. 18081 dated 06.10.16, No. 18480 dated 01.26.17 and No. 19520 dated 05.17.18 |
Tarjeta Naranja S.A. [member] | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 650,000 |
Type of Debt Securities | Simple debt securities, not convertible into shares |
Term of Program | 5 years |
Date of Approval by Shareholders' Meeting | 03.08.12 |
Approval by the C.N.V. | Resolution No. 16822 dated 05.23.12 and extended through Resolution No. 17676 dated 05.21.15. |
Tarjeta Cuyanas S A [member] | |
Disclosure of Breakdown for Issuance of Debt Securities Outstanding [Line Items] | |
Authorized Amount | $ 250,000 |
Type of Debt Securities | Simple debt securities, not convertible into shares |
Term of Program | 5 years |
Date of Approval by Shareholders' Meeting | 03.30.10 confirmed on 04.06.10 and 02.15.13 |
Approval by the C.N.V. | Resolution No. 16328 dated 05.18.10 Authorization of the increase, Resolution No. 17072 dated 05.02.13 |
Debt Securities - Summary of Un
Debt Securities - Summary of Unsubordinated Debt Securities Outstanding Issued Under the Global Programs (Detail) $ in Thousands | Jan. 01, 2017USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018ARS ($) | Dec. 31, 2017ARS ($) | Jan. 01, 2017ARS ($) |
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Face Value | $ 19,446,028 | $ 11,618,302 | $ 12,717,145 | |||
Carrying amount | 29,983,653 | 20,279,165 | 21,848,460 | |||
Grupo Financiero Galicia SA [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Type | Simple debt securities, not convertible into shares | |||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Currency | US$ | US$ | ||||
Face Value | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | |||
Type | Simple debt securities, not convertible into shares, subordinated or not, to be adjusted or not, secured or unsecured. | |||||
Term | 120 months | 120 months | 120 months | |||
Maturity Date | - | - | - | |||
Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Type | Simple debt securities, not convertible into shares | |||||
Global program for issuance of unsubordinated debt securities class five series two [member] | Grupo Financiero Galicia SA [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jan. 30, 2014 | |||||
Currency | $ | |||||
Face Value | 78,200 | |||||
Term | 36 months | |||||
Maturity Date | 01.31.17 | |||||
Rate | Variable Badlar + 5.25% | |||||
Issuance Authorized by the C.N.V. | Apr. 25, 2013 | |||||
Carrying amount | 150,085 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class five series two [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 26, 2018 | |||||
Currency | $ | |||||
Face Value | 2,032,833 | |||||
Type | Simple | |||||
Term | 36 months | |||||
Issuance Authorized by the C.N.V. | Apr. 18, 2018 | |||||
Carrying amount | 2,174,984 | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Six Series Two [Member] | Grupo Financiero Galicia SA [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Oct. 23, 2014 | |||||
Currency | $ | |||||
Face Value | 109,845 | |||||
Term | 36 months | |||||
Maturity Date | 10.23.17 | |||||
Rate | Variable Badlar +4.25% | |||||
Issuance Authorized by the C.N.V. | Oct. 3, 2014 | |||||
Carrying amount | 209,826 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Seven [Member] | Grupo Financiero Galicia SA [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jul. 27, 2015 | |||||
Currency | $ | |||||
Face Value | 160,000 | |||||
Term | 24 months | |||||
Maturity Date | 07.27.17 | |||||
Rate | -1 | |||||
Issuance Authorized by the C.N.V. | Jul. 16, 2015 | |||||
Carrying amount | 298,906 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Seven [Member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | May 4, 2011 | |||||
Currency | US$ | |||||
Face Value | $ 300,000,000 | |||||
Term | 84 months | |||||
Maturity Date | - | |||||
Rate | (2)(3) | |||||
Issuance Authorized by the C.N.V. | Apr. 14, 2011 | |||||
Carrying amount | 8,666,274 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class Twelve [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jan. 28, 2011 | |||||
Currency | US$ | |||||
Face Value | $ 200,000,000 | |||||
Term | 2192 days | |||||
Maturity Date | 01.28.17 | |||||
Rate | Annual Nominal Fixed at 9% | |||||
Issuance Authorized by the C.N.V. | Jan. 14, 2011 | |||||
Carrying amount | 2,024,736 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Four Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Feb. 26, 2014 | May 5, 2016 | May 5, 2016 | |||
Currency | $ | $ | $ | |||
Face Value | 234,309 | 234,309 | 33,500 | |||
Type | Simple | |||||
Term | 1096 days | 1095 days | 1095 days | |||
Maturity Date | 02.26.17 | 05.05.19 | 05.05.19 | |||
Rate | Variable Badlar + 5% | Minimum 37% Rate/ Badlar + 4.98% | Minimum 37% Rate/ Badlar + 4.98% | |||
Issuance Authorized by the C.N.V. | Feb. 14, 2014 | Apr. 22, 2016 | Apr. 22, 2016 | |||
Carrying amount | 172,255 | 305,617 | 63,583 | |||
Type | Simple | Simple | ||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Four Series Two [member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | May 5, 2016 | |||||
Currency | $ | |||||
Term | 1095 days | |||||
Maturity Date | 05.05.19 | |||||
Rate | Minimum 37% Rate/ Badlar 9 + 4.98% | |||||
Issuance Authorized by the C.N.V. | Apr. 22, 2016 | |||||
Carrying amount | 354,070 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class twenty eight series two [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jan. 22, 2015 | |||||
Currency | $ | |||||
Face Value | 129,000 | |||||
Term | 731 days | |||||
Maturity Date | 01.22.17 | |||||
Rate | Variable Badlar + 4.5% | |||||
Issuance Authorized by the C.N.V. | Jan. 9, 2015 | |||||
Carrying amount | 48,759 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class twenty nine [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 27, 2015 | |||||
Currency | $ | |||||
Face Value | 334,030 | |||||
Term | 731 days | |||||
Maturity Date | 04.27.17 | |||||
Rate | 27.75% Mixed Rate/ Badlar + 4.5% | |||||
Issuance Authorized by the C.N.V. | Apr. 16, 2015 | |||||
Carrying amount | 320,917 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jun. 29, 2015 | |||||
Currency | $ | |||||
Face Value | 400,000 | |||||
Term | 731 days | |||||
Maturity Date | 06.29.17 | |||||
Rate | 27.75% Mixed Rate/ Badlar + 4.5% | |||||
Issuance Authorized by the C.N.V. | Jun. 18, 2015 | |||||
Carrying amount | 620,374 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty one [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Oct. 19, 2015 | |||||
Currency | $ | |||||
Face Value | 370,851 | |||||
Term | 548 days | |||||
Maturity Date | 04.19.17 | |||||
Rate | 27% Mixed Rate/ Badlar + 4.5% | |||||
Issuance Authorized by the C.N.V. | Oct. 7, 2015 | |||||
Carrying amount | 348,211 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty two [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jan. 20, 2016 | |||||
Currency | $ | |||||
Face Value | 260,811 | |||||
Term | 639 days | |||||
Maturity Date | 10.20.17 | |||||
Rate | Variable Badlar +4.5% | |||||
Issuance Authorized by the C.N.V. | Oct. 7, 2015 | |||||
Carrying amount | 293,380 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty three series one [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 13, 2016 | |||||
Currency | $ | |||||
Face Value | 133,092 | |||||
Term | 548 days | |||||
Maturity Date | 10.13.17 | |||||
Rate | Minimum 37% Rate/ Badlar +4.5% | |||||
Issuance Authorized by the C.N.V. | Mar. 28, 2016 | |||||
Carrying amount | 231,198 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty three series two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 13, 2016 | Apr. 13, 2016 | Apr. 13, 2016 | |||
Currency | $ | $ | $ | |||
Face Value | 366,908 | 366,908 | 366,908 | |||
Type | Simple | |||||
Term | 1095 days | 1095 days | 1095 days | |||
Maturity Date | 04.13.19 | 04.13.19 | 04.13.19 | |||
Rate | Minimum 37% Rate/ Badlar +5.4% | Minimum 37% Rate/Badlar +5.40% | Minimum 37% Rate/ Badlar +5.40% | |||
Issuance Authorized by the C.N.V. | Mar. 28, 2016 | Mar. 28, 2016 | Mar. 28, 2016 | |||
Carrying amount | 412,803 | 553,033 | 704,916 | |||
Type | Simple | Simple | ||||
Global program for issuance Of Unsubordinated Debt Securities Class Thirty Four Series One [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jun. 29, 2016 | |||||
Currency | $ | |||||
Face Value | 124,603 | |||||
Term | 548 days | |||||
Maturity Date | 12.29.17 | |||||
Rate | Minimum 32% Rate/ Badlar +3.38% | |||||
Issuance Authorized by the C.N.V. | Jun. 21, 2016 | |||||
Carrying amount | 192,226 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty four series two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jun. 29, 2016 | Jun. 29, 2016 | Jun. 29, 2016 | |||
Currency | $ | $ | $ | |||
Face Value | 475,397 | 475,397 | 475,397 | |||
Type | Simple | |||||
Term | 1461 days | 1461 days | 1461 days | |||
Maturity Date | 06.29.20 | 06.29.20 | 06.29.20 | |||
Rate | Minimum 32% Rate/ Badlar +4.67% | Minimum 32% Rate/ Badlar +4.67% | Minimum 32% Rate/ Badlar +4.67% | |||
Issuance Authorized by the C.N.V. | Jun. 21, 2016 | Jun. 21, 2016 | Jun. 21, 2016 | |||
Carrying amount | 541,106 | 697,050 | 859,445 | |||
Type | Simple | Simple | ||||
Global Program for Issuance of Unsubordinated Debt Securities Class Thirty Five Series One [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Sep. 27, 2016 | Sep. 27, 2016 | ||||
Currency | $ | $ | ||||
Face Value | 225,611 | 225,611 | ||||
Term | 546 days | 546 days | ||||
Maturity Date | 03.27.18 | 03.27.18 | ||||
Rate | Minimum 26% Rate/ Badlar +2.99% | Minimum 26% Rate/ Badlar +2.99% | ||||
Issuance Authorized by the C.N.V. | Sep. 15, 2016 | Sep. 15, 2016 | ||||
Carrying amount | 335,414 | 413,913 | ||||
Type | Simple | Simple | ||||
Global program for issuance of unsubordinated debt securities class thirty five series two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Sep. 27, 2016 | Sep. 27, 2016 | Sep. 27, 2016 | |||
Currency | $ | $ | $ | |||
Face Value | 774,389 | 774,389 | 774,389 | |||
Type | Simple | |||||
Term | 1461 days | 1461 days | 1461 days | |||
Maturity Date | 09.27.20 | 09.27.20 | 09.27.20 | |||
Rate | Minimum 26% Rate/ Badlar +3.99% | Minimum 26% Rate/ Badlar +3.99% | Minimum 26% Rate/ Badlar +3.99% | |||
Issuance Authorized by the C.N.V. | Sep. 15, 2016 | Sep. 15, 2016 | Sep. 15, 2016 | |||
Carrying amount | 728,000 | 1,117,422 | 1,385,944 | |||
Type | Simple | Simple | ||||
Global Program for Issuance of Unsubordinated Debt Securities Class Thirty Six Series One [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Dec. 7, 2016 | Dec. 7, 2016 | ||||
Currency | $ | $ | ||||
Face Value | 210,571 | 210,571 | ||||
Term | 547 days | 547 days | ||||
Maturity Date | 06.07.18 | 06.07.18 | ||||
Rate | Minimum 25.25% Rate/ Badlar +3.25% | Minimum 25.25% Rate/ Badlar + 3.25% | ||||
Issuance Authorized by the C.N.V. | Nov. 23, 2016 | Nov. 23, 2016 | ||||
Carrying amount | 313,977 | 360,637 | ||||
Type | Simple | Simple | ||||
Global program for issuance of unsubordinated debt securities class thirty six series two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Dec. 7, 2016 | Dec. 7, 2016 | Dec. 7, 2016 | |||
Currency | $ | $ | $ | |||
Face Value | 636,409 | 636,409 | 636,409 | |||
Type | Simple | |||||
Term | 1095 days | 1095 days | 1095 days | |||
Maturity Date | 12.07.19 | 12.07.19 | 12.07.19 | |||
Rate | Minimum 25.25% Rate/ Badlar +4% | Minimum 25.25% Rate/Badlar + 4% | Minimum 25.25% Rate/ Badlar + 4% | |||
Issuance Authorized by the C.N.V. | Nov. 23, 2016 | Nov. 23, 2016 | Nov. 23, 2016 | |||
Carrying amount | 648,695 | 922,082 | 1,023,720 | |||
Type | Simple | Simple | ||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Nineteen Series Two [Member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Feb. 20, 2015 | |||||
Currency | $ | |||||
Term | 731 days | |||||
Maturity Date | 02.20.17 | |||||
Rate | Variable Badlar + 7 4.95% | |||||
Issuance Authorized by the C.N.V. | Feb. 6, 2015 | |||||
Carrying amount | 19,218 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty one [Member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Aug. 12, 2015 | |||||
Currency | $ | |||||
Term | 550 days | |||||
Maturity Date | 02.12.17 | |||||
Rate | Variable Badlar 7 +4.5% | |||||
Issuance Authorized by the C.N.V. | Jul. 29, 2015 | |||||
Carrying amount | 381,218 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty two [Member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Nov. 13, 2015 | |||||
Currency | $ | |||||
Term | 547 days | |||||
Maturity Date | 05.13.17 | |||||
Rate | Variable Badlar + 7 4.25% | |||||
Issuance Authorized by the C.N.V. | Nov. 3, 2015 | |||||
Carrying amount | 570,817 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Three [Member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Mar. 16, 2016 | |||||
Currency | $ | |||||
Term | 549 days | |||||
Maturity Date | 09.16.17 | |||||
Rate | Minimum 35.25% Rate/ Badlar 7 +4.99% | |||||
Issuance Authorized by the C.N.V. | Mar. 7, 2016 | |||||
Carrying amount | 302,381 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Four Series One [member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | May 5, 2016 | |||||
Currency | $ | |||||
Term | 549 days | |||||
Maturity Date | 11.05.17 | |||||
Rate | Minimum 37% Rate/ Badlar 7 +4.08% | |||||
Issuance Authorized by the C.N.V. | Apr. 22, 2016 | |||||
Carrying amount | 125,645 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Five [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jul. 26, 2016 | Jul. 26, 2016 | ||||
Currency | $ | $ | ||||
Face Value | 400,000 | 400,000 | ||||
Type | Simple | |||||
Term | 1461 days | 1461 days | ||||
Maturity Date | 07.26.20 | 07.26.20 | ||||
Rate | Minimum 30% Rate/ Badlar + 3.94% | Minimum 30% Rate/ Badlar + 3.94% | ||||
Issuance Authorized by the C.N.V. | Jul. 13, 2016 | Jul. 13, 2016 | ||||
Carrying amount | 430,504 | 619,400 | ||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Five [member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jul. 26, 2016 | |||||
Currency | $ | |||||
Term | 1461 days | |||||
Maturity Date | 07.26.20 | |||||
Rate | Minimum 30% Rate/ Badlar 0 + 3.94% | |||||
Issuance Authorized by the C.N.V. | Jul. 13, 2016 | |||||
Carrying amount | 677,665 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Six Series One [member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Oct. 24, 2016 | |||||
Currency | $ | |||||
Term | 547 days | |||||
Maturity Date | 04.24.18 | |||||
Rate | Minimum 26% Rate/ Badlar 8 + 2.75% | |||||
Issuance Authorized by the C.N.V. | Oct. 14, 2016 | |||||
Carrying amount | 289,314 | |||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Six Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Oct. 24, 2016 | Oct. 24, 2016 | ||||
Currency | $ | $ | ||||
Face Value | 350,237 | 350,237 | ||||
Type | Simple | |||||
Term | 1461 days | 1461 days | ||||
Maturity Date | 10.24.20 | 10.24.20 | ||||
Rate | Minimum 26% Rate/ Badlar + 4.00% | Minimum 26% Rate/ Badlar + 4% | ||||
Issuance Authorized by the C.N.V. | Oct. 14, 2016 | Oct. 14, 2016 | ||||
Carrying amount | 358,563 | 448,220 | ||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Twenty Six Series Two [member] | Tarjetas Cuyanas S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Oct. 24, 2016 | |||||
Currency | $ | |||||
Term | 1461 days | |||||
Maturity Date | 10.24.20 | |||||
Rate | Minimum 26% Rate/ Badlar + 0 4% | |||||
Issuance Authorized by the C.N.V. | Oct. 14, 2016 | |||||
Carrying amount | 676,589 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class one [Member] | Tarjeta del Mar S.A.[member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Feb. 19, 2016 | |||||
Currency | $ | |||||
Term | 18 months | |||||
Maturity Date | 08.19.17 | |||||
Rate | Variable Badlar 7 +4.5% | |||||
Issuance Authorized by the C.N.V. | Feb. 4, 2016 | |||||
Carrying amount | $ 234,493 | |||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class three [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Feb. 17, 2017 | Feb. 17, 2017 | ||||
Currency | $ | $ | ||||
Face Value | $ 150,537,000 | $ 150,537,000 | ||||
Type | Simple | |||||
Term | 36 months | 36 months | ||||
Maturity Date | - | |||||
Issuance Authorized by the C.N.V. | Feb. 6, 2017 | Feb. 6, 2017 | ||||
Carrying amount | 2,471,648 | 3,589,743 | ||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class four [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | May 18, 2017 | May 18, 2017 | ||||
Currency | $ | $ | ||||
Face Value | 2,000,000 | 2,000,000 | ||||
Type | Simple | |||||
Term | 36 months | 36 months | ||||
Maturity Date | - | |||||
Issuance Authorized by the C.N.V. | May 8, 2017 | May 8, 2017 | ||||
Carrying amount | 2,126,523 | 3,037,480 | ||||
Type | Simple | |||||
Global program for issuance ofunsubordinated debt securities class five series one [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 26, 2018 | |||||
Currency | $ | |||||
Face Value | 4,209,250 | |||||
Type | Simple | |||||
Term | 24 months | |||||
Issuance Authorized by the C.N.V. | Apr. 18, 2018 | |||||
Carrying amount | 4,898,450 | |||||
Global program for issuance of unsubordinated debt securities class thirty seven [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 11, 2017 | Apr. 11, 2017 | ||||
Currency | $ | $ | ||||
Face Value | 3,845,700 | 3,845,700 | ||||
Type | Simple | |||||
Term | 1826 days | 1826 days | ||||
Maturity Date | 04.11.22 | 04.11.22 | ||||
Rate | Minimum 15% Rate/ Badlar + 3.50% | Minimum 15% Rate/ Badlar + 3.50% | ||||
Issuance Authorized by the C.N.V. | Mar. 30, 2017 | Mar. 30, 2017 | ||||
Carrying amount | 4,083,446 | 5,940,224 | ||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty eight [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Nov. 13, 2017 | Nov. 13, 2017 | ||||
Currency | $ | $ | ||||
Face Value | 503,333 | 503,333 | ||||
Type | Simple | |||||
Term | 546 days | 546 days | ||||
Maturity Date | 05.13.19 | 05.13.19 | ||||
Rate | Minimum 29.05% Rate/MR20 + 4% | Minimum 29.05% Rate/ MR20 + 4% | ||||
Issuance Authorized by the C.N.V. | Nov. 7, 2017 | Nov. 7, 2017 | ||||
Carrying amount | 538,056 | 762,789 | ||||
Type | Simple | |||||
Global program for issuance of unsubordinated debt securities class thirty nine [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Feb. 14, 2018 | |||||
Currency | $ | |||||
Face Value | 754,538 | |||||
Type | Simple | |||||
Term | 546 days | |||||
Maturity Date | 09.14.19 | |||||
Rate | Minimum 26.75% Rate/MR 20 +3.4% | |||||
Issuance Authorized by the C.N.V. | Feb. 2, 2018 | |||||
Carrying amount | 803,823 | |||||
Global program for issuance of unsubordinated debt securities class ten series one [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 10, 2018 | |||||
Currency | $ | |||||
Face Value | 597,500 | |||||
Type | Simple | |||||
Term | 546 days | |||||
Maturity Date | 10.10.19 | |||||
Rate | 25.98% Fixed Rate | |||||
Issuance Authorized by the C.N.V. | Mar. 27, 2018 | |||||
Carrying amount | 708,732 | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Ten Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Apr. 10, 2018 | |||||
Currency | $ | |||||
Face Value | 1,402,500 | |||||
Type | Simple | |||||
Term | 914 days | |||||
Maturity Date | 10.10.20 | |||||
Rate | Minimum 27% Rate/ Badlar + 3.69% | |||||
Issuance Authorized by the C.N.V. | Mar. 27, 2018 | |||||
Carrying amount | 1,547,760 | |||||
Global program for issuance of unsubordinated debt securities class ten one series one [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Nov. 15, 2018 | |||||
Currency | $ | |||||
Face Value | 854,102 | |||||
Type | Simple | |||||
Term | 365 days | |||||
Maturity Date | 11.15.19 | |||||
Rate | 54% Fixed Rate | |||||
Carrying amount | 905,479 | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Ten One Series Two [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Nov. 15, 2018 | |||||
Currency | $ | |||||
Face Value | 343,555 | |||||
Type | Simple | |||||
Term | 547 days | |||||
Maturity Date | 05.15.20 | |||||
Rate | Badlar + 10% | |||||
Carrying amount | 346,775 | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Class Ten Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Dec. 17, 2018 | |||||
Currency | $ | |||||
Face Value | 1,266,303 | |||||
Type | Simple | |||||
Term | 287 days | |||||
Maturity Date | 09.30.19 | |||||
Rate | 58% Fixed Rate | |||||
Carrying amount | 1,234,147 | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Twenty Seven Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Feb. 10, 2017 | Feb. 10, 2017 | ||||
Currency | $ | $ | ||||
Face Value | 500,000 | 500,000 | ||||
Type | Simple | |||||
Term | 1095 days | 1095 days | ||||
Maturity Date | 02.10.20 | 02.10.20 | ||||
Rate | Minimum 23.5% Rate/ Badlar + 3.50% | Minimum 23.5% Rate/ Badlar + 3.5% | ||||
Issuance Authorized by the C.N.V. | Feb. 2, 2017 | Feb. 2, 2017 | ||||
Carrying amount | 500,457 | 761,711 | ||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Twenty Eight Series One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jun. 17, 2017 | Jun. 9, 2017 | ||||
Currency | $ | $ | ||||
Face Value | 128,175 | 128,175 | ||||
Type | Simple | |||||
Term | 730 days | 730 days | ||||
Maturity Date | 06.09.19 | 06.09.19 | ||||
Rate | Minimum 25% Rate/ Badlar + 3.05% | Minimum 25% Rate/ Badlar + 3.05% | ||||
Issuance Authorized by the C.N.V. | May 29, 2017 | May 29, 2017 | ||||
Carrying amount | 126,755 | 192,243 | ||||
Type | Simple | |||||
Global Program For Issuance Of Unsubordinated Debt Securities Twenty Eight Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Jun. 9, 2017 | Jun. 9, 2017 | ||||
Currency | $ | $ | ||||
Face Value | 371,825 | 371,825 | ||||
Type | Simple | |||||
Term | 1461 days | 1461 days | ||||
Maturity Date | 06.09.21 | 06.09.21 | ||||
Rate | Minimum 25% Rate/ Badlar + 3.70% | Minimum 25% Rate/ Badlar + 3.7% | ||||
Issuance Authorized by the C.N.V. | May 29, 2017 | May 29, 2017 | ||||
Carrying amount | $ 374,000 | 451,047 | ||||
Type | Simple | |||||
Global Program for Issuance of Unsubordinated Debt Securities Twenty Six Series One [Member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | ||||||
Date of Placement | Oct. 24, 2016 | |||||
Currency | $ | |||||
Face Value | 149,763 | |||||
Term | 547 days | |||||
Maturity Date | 04.24.18 | |||||
Rate | Minimum 26% Rate/ Badlar + 2.75% | |||||
Issuance Authorized by the C.N.V. | Oct. 14, 2016 | |||||
Carrying amount | $ 231,713 | |||||
Type | Simple |
Debt Securities - Summary of _2
Debt Securities - Summary of Unsubordinated Debt Securities Outstanding Issued Under the Global Programs (Parenthetical) (Detail) - ARS ($) $ in Thousands | May 04, 2017 | Dec. 31, 2018 | Jul. 26, 2018 | Dec. 31, 2017 | Aug. 18, 2017 | May 17, 2017 | Jan. 01, 2017 |
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | |||||||
Convertible amount | $ 2,360,360 | $ 2,360,360 | |||||
Variable rate | 3.50% | 2.98% | 2.69% | ||||
Annual nominal fixed rate | 25.98% | ||||||
Percentage of residual face value | 100.00% | ||||||
Fixed rate maturing in 9 months [member] | |||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | |||||||
Annual nominal fixed rate | 27.00% | ||||||
Variable rate maturing in 15 months [member] | |||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | |||||||
Annual nominal fixed rate | 4.25% | ||||||
Private Badlar [member] | Weighted average [member] | Floating interest rate [member] | |||||||
Disclosure of Unsubordinated Debt Securities Outstanding [Line Items] | |||||||
Variable rate | 2.98% | 2.69% |
Debt Securities - Additional In
Debt Securities - Additional Information (Detail) $ in Thousands | Jan. 01, 2017USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018ARS ($) | Dec. 31, 2017ARS ($) | Jan. 01, 2017ARS ($) |
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Carrying amount | $ 29,983,653 | $ 20,279,165 | $ 21,848,460 | |||
Face Value | $ 19,446,028 | $ 11,618,302 | $ 12,717,145 | |||
Interest rate | 25.98% | 25.98% | ||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | |||
Negotiable obligation outstanding maturity term | 120 months | 120 months | 120 months | |||
Banco De Galicia Y Buenos Aires S.A.U. [member] | Green Bond [Member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Carrying amount | $ 3,850,692 | |||||
Description of debt instrument interest payment | On June 21, 2018, Banco de Galicia y Buenos Aires S.A.U. issued the "Green Bond" which was entirely acquired by the International Finance Corporation. The Green Bond is a 7-year facility, with interest payable every six months. The Green Bond has a 36-month grace period in respect of the repayment of principal, followed by payments in 9 installments due every six months. | |||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | Global Program for Issuance of Unsubordinated Negotiable Obligations Class Six [Member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | $ 82,713,000 | |||||
Interest rate | 4.80% | 4.80% | ||||
Negotiable obligation outstanding maturity term | 7 months |
Debt Securities - Summary of Re
Debt Securities - Summary of Repurchases of Own Debt Securities (Detail) $ in Thousands | Dec. 31, 2018USD ($) | Dec. 31, 2018ARS ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017ARS ($) | Jan. 01, 2017USD ($) | Jan. 01, 2017ARS ($) |
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | $ 19,446,028 | $ 11,618,302 | $ 12,717,145 | |||
Carrying amount | 29,983,653 | 20,279,165 | 21,848,460 | |||
Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | |||
Issuance of Own Debt Securities Class Three [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 2,335 | 290 | ||||
Carrying amount | 36,437 | 6,863 | ||||
Issuance of Own Debt Securities Class Five Series Two [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 48,000 | |||||
Carrying amount | 47,178 | |||||
Issuance of Own Debt Securities Class Thirty Five Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 51,500 | 15,500 | 17,500 | |||
Carrying amount | 49,783 | 23,786 | 32,460 | |||
Issuance of Own Debt Securities Class Thirty Six Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 10,000 | 20,000 | 85,228 | |||
Carrying amount | 10,546 | 31,372 | 159,460 | |||
Issuance of Own Debt Securities Class Thirty Seven [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 11,783 | |||||
Carrying amount | 184,535 | |||||
Issuance of Own Debt Securities Class Thirty Eight [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 3,870 | 2,000 | ||||
Carrying amount | 4,135 | 3,040 | ||||
Issuance of Own Debt Securities Class Thirty Nine [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 5,000 | |||||
Carrying amount | 5,351 | |||||
Issuance of Own Debt Securities Class Forty [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 16,000 | |||||
Carrying amount | 17,504 | |||||
Issuance of Own Debt Securities Class Forty One Series One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 1,000 | |||||
Carrying amount | 936 | |||||
Issuance of Own Debt Securities Class Forty One Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 19,000 | |||||
Carrying amount | 20,227 | |||||
Issuance of Own Debt Securities Class Forty Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 50,000 | |||||
Carrying amount | 54,389 | |||||
Issuance of Own Debt Securities Class Twenty Four Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 80,000 | 35,000 | 49,000 | |||
Carrying amount | 82,947 | 55,333 | 94,683 | |||
Issuance of Own Debt Securities Class Twenty Five Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 9,000 | |||||
Carrying amount | 8,984 | |||||
Issuance of Own Debt Securities Class Twenty Six Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 25,000 | 60,540 | ||||
Carrying amount | 27,027 | 94,889 | ||||
Issuance of Own Debt Securities Class Twenty Seven Series One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 36,761 | |||||
Carrying amount | 37,282 | |||||
Issuance of Own Debt Securities Class Twenty Seven Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 5,488 | 2,871 | ||||
Carrying amount | 5,757 | 4,251 | ||||
Issuance Of Own Debt Securities Class Twenty Eight Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 8,254 | 66,659 | 35,000 | |||
Carrying amount | 8,501 | 106,851 | 22,463 | |||
Own debt securities repurchases [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Carrying amount | $ 601,519 | 353,952 | 1,576,080 | |||
Issuance Of Own Debt Securities Class Thirty Three Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 13,231 | 3,184 | ||||
Carrying amount | 21,313 | 6,335 | ||||
Issuance Of Own Debt Securities Class Thirty Four Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 2,111 | 6,111 | ||||
Carrying amount | 3,270 | 11,286 | ||||
Issuance Of Own Debt Securities Class Thirty Six Series One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 2,000 | 16,610 | ||||
Carrying amount | $ 2,984 | 30,984 | ||||
Issuance Of Own Debt Securities Class Seven [member] | Grupo Financiero Galicia SA [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 3,000 | |||||
Carrying amount | 5,776 | |||||
Issuance Of Own Debt Securities Class [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 7,865,000 | |||||
Carrying amount | 241,671 | |||||
Issuance Of Own Debt Securities Class Thirteen [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | $ 3,998,000 | |||||
Carrying amount | 40,031 | |||||
Issuance Of Own Debt Securities Class Twenty Nine [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 3,500 | |||||
Carrying amount | 6,729 | |||||
Issuance Of Own Debt Securities Class Thirty [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 65,900 | |||||
Carrying amount | 119,696 | |||||
Issuance Of Own Debt Securities Class Thirty One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 20,730 | |||||
Carrying amount | 40,109 | |||||
Issuance Of Own Debt Securities Class Thirty Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 109,257 | |||||
Carrying amount | 211,429 | |||||
Issuance Of Own Debt Securities Class Thirty Three Series One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 14,000 | |||||
Carrying amount | 27,250 | |||||
Issuance Of Own Debt Securities Class Thirty Four Series One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 20,000 | |||||
Carrying amount | 36,717 | |||||
Issuance Of Own Debt Securities Class Nineteen Series Two [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 65,500 | |||||
Carrying amount | 123,871 | |||||
Issuance Of Own Debt Securities Class Twenty One [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 31,383 | |||||
Carrying amount | 60,648 | |||||
Issuance Of Own Debt Securities Class Twenty Three [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 79,243 | |||||
Carrying amount | 148,408 | |||||
Issuance Of Own Debt Securities Class Twenty Five [member] | Tarjeta Naranja S.A. [member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 52,000 | |||||
Carrying amount | 99,338 | |||||
Issuance Of Own Debt Securities Class One [member] | Tarjeta del Mar S.A.[member] | ||||||
Disclosure of Unsubordinated Negotiable Obligations Outstanding [Line Items] | ||||||
Face Value | 30,259 | |||||
Carrying amount | $ 56,736 |
Subordinated Debt Securities -
Subordinated Debt Securities - Summary of Subordinated Negotiable Obligations Not Convertible Into Shares Issued Under Global Programs (Detail) $ in Thousands | Jan. 01, 2017USD ($) | Dec. 31, 2018USD ($) | Dec. 31, 2017USD ($) | Dec. 31, 2018ARS ($) | Dec. 31, 2017ARS ($) | Jan. 01, 2017ARS ($) |
Disclosure of detailed information about borrowings [line items] | ||||||
Face Value | $ 19,446,028 | $ 11,618,302 | $ 12,717,145 | |||
Rate | 25.98% | 25.98% | ||||
Carrying Amount | $ 9,767,874 | $ 7,128,356 | $ 7,490,444 | |||
Banco De Galicia Y Buenos Aires S.A.U. [member] | ||||||
Disclosure of detailed information about borrowings [line items] | ||||||
Date of Placement | Jul. 19, 2016 | Jul. 19, 2016 | Jul. 19, 2016 | |||
Currency | US$ | US$ | ||||
Class No. | 0 | 0 | 0 | 0 | 0 | 0 |
Face Value | $ 250,000,000 | $ 250,000,000 | $ 250,000,000 | |||
Term | 120 months | 120 months | 120 months | |||
Maturity Date | - | - | - | |||
Issuance Authorized by the C.N.V. | Jun. 23, 2016 | Jun. 23, 2016 | Jun. 23, 2016 | |||
Carrying Amount | $ 9,767,874 | $ 7,128,356 | $ 7,490,444 |
Subordinated Debt Securities _2
Subordinated Debt Securities - Summary of Subordinated Negotiable Obligations Not Convertible Into Shares Issued Under Global Programs (Parenthetical) (Detail) | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of detailed information about borrowings [line items] | |||
Interest rate | 25.98% | ||
Maturing on July 19 ,2026 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Percentage of principal amount | 100.00% | 100.00% | 100.00% |
Maturing on July 19, 2021 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate | 8.25% | 8.25% | 8.25% |
Interest payable semi-annually on January 9 and July 19 2017 [member] | |||
Disclosure of detailed information about borrowings [line items] | |||
Interest rate | 7.156% | 7.156% | 7.156% |
Provisions - Summary of Provisi
Provisions - Summary of Provisions (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Disclosure of other provisions [abstract] | ||||
For Administrative, Disciplinary and Criminal Penalties | $ 5,306 | $ 7,357 | $ 10,134 | |
For Termination Benefits | 86,926 | 109,295 | 83,322 | |
Others | 1,357,091 | 780,608 | 615,757 | |
Total | $ 1,449,323 | $ 897,260 | $ 709,213 | $ 709,213 |
Provisions - Summary of Changes
Provisions - Summary of Changes in Provisions (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other provisions [abstract] | ||
Beginning balance | $ 897,260 | $ 709,213 |
Increases | 554,042 | |
Decrease in Reversals | (48,493) | |
Decreases in Uses | (148,917) | |
Inflation effect | (168,585) | |
Ending balance | $ 1,449,323 | $ 897,260 |
Other Non-financial Liabiliti_3
Other Non-financial Liabilities - Summary of Other Non-financial Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | $ 11,471,530 | $ 21,142,454 | $ 18,525,957 |
Withholdings and additional withholdings payable [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 2,901,402 | 2,781,222 | 3,212,628 |
Salaries and social security contributions payable [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 2,841,885 | 2,227,181 | 2,153,525 |
Withholdings payable on salaries [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 185,625 | 160,765 | 205,275 |
Value added tax [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 527,563 | 519,125 | 492,704 |
Sundry creditors [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 1,601,166 | 3,558,480 | 1,267,562 |
Liabilities for assets held for sale [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 8,662,306 | 8,662,306 | |
Tax payable [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 1,930,074 | 1,920,028 | 1,390,508 |
Liabilities arising from contracts with customers [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | 1,071,636 | 1,061,197 | 834,413 |
Other non-financial liabilities [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Other Non-financial Liabilities | $ 412,179 | $ 252,150 | $ 307,036 |
Other Non-financial Liabiliti_4
Other Non-financial Liabilities - Additional Information (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Quiero [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Deferred income | $ 918,375 | $ 1,061,197 | $ 834,413 |
Other Non-financial Liabiliti_5
Other Non-financial Liabilities - Summary of Estimated Use of Liability (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of other non-financial liabilities [line items] | |||
Liabilities | $ 507,844,212 | $ 422,162,798 | $ 404,941,516 |
Quiero [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Liabilities | 918,375 | ||
Not later than one year [member] | Quiero [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Liabilities | 394,901 | ||
Later than one year and not later than two years [member] | Quiero [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Liabilities | 330,615 | ||
Later than Two Years [member] | Quiero [member] | |||
Disclosure of other non-financial liabilities [line items] | |||
Liabilities | $ 192,859 |
Capital Stock - Additional Info
Capital Stock - Additional Information (Detail) - Class B ordinary shares [member] $ / shares in Units, $ in Thousands | Oct. 02, 2017ARS ($) | Sep. 26, 2017USD ($)shares | Sep. 07, 2017$ / sharesshares | Aug. 15, 2017$ / sharesshares | Dec. 31, 2018USD ($) | Oct. 02, 2017USD ($)shares |
Disclosure of Capital Stock [line items] | ||||||
Ordinary shares | 150,000,000 | |||||
Par value per share | $ / shares | $ 1 | $ 1 | ||||
Number of shares in initial public offering | 130,434,600 | |||||
Number of shares in public offering | 109,999,996 | 19,565,190 | ||||
Face value of public offering shares | $ / shares | $ 1 | |||||
Subscribed price | $ | $ 5 | $ 5 | ||||
Number of shares subscribed | 16,500,004 | |||||
Increase in capital due to share subscription | $ 11,004,383 | $ 17,212,307,000 | ||||
Expense related to share subscription | $ 146,347 | $ 229,358,000 |
Gold and Foreign Currency Quo_3
Gold and Foreign Currency Quotation Differences - Summary of Gold and Foreign Currency Quotation Differences (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Transactions In Foreign Currency [line items] | ||
Gains losses on exchange differences on translation recognised in profit or loss | $ 3,777,071 | $ 3,478,861 |
Foreign currency brokerage [member] | ||
Disclosure Of Transactions In Foreign Currency [line items] | ||
Gains losses on exchange differences on translation recognised in profit or loss | 5,989,359 | 2,942,860 |
Valuation of foreign currency assets and liabilities [member] | ||
Disclosure Of Transactions In Foreign Currency [line items] | ||
Gains losses on exchange differences on translation recognised in profit or loss | $ (2,212,288) | $ 536,001 |
Other Operating Income - Summar
Other Operating Income - Summary of Other Operating Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | $ 11,571,913 | $ 8,996,632 |
Commission on product package [member] | ||
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | 2,730,875 | 2,803,596 |
Other adjustments and interest from miscellaneous receivables [member] | ||
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | 1,599,459 | 456,234 |
Rental of safe deposit boxes [member] | ||
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | 516,123 | 512,318 |
Other Financial Income [member] | ||
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | 168,571 | 58,113 |
Other income from services [member] | ||
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | 4,081,817 | 3,176,518 |
Other [member] | ||
Disclosure Of Other Operating Income [line items] | ||
Other Operating Income | $ 2,475,068 | $ 1,989,853 |
Underwriting Income from Insu_3
Underwriting Income from Insurance Business - Summary of Underwriting Income from Insurance Business (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of types of insurance contracts [abstract] | ||
Premiums and Surcharges Accrued | $ 4,687,242 | $ 5,260,902 |
Claims Accrued | (535,888) | (604,908) |
Surrenders | (5,770) | (7,564) |
Life and Ordinary Annuities | (8,541) | (9,182) |
Underwriting and Operating Expenses | (1,285,007) | (1,299,507) |
Other Income and Expenses | 17,283 | (24,829) |
Total | $ 2,869,319 | $ 3,314,912 |
Personnel Expenses - Summary of
Personnel Expenses - Summary of Personnel Expenses (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | $ 17,026,247 | $ 17,088,672 |
Salaries [member] | ||
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | 11,657,815 | 11,513,774 |
Social Security Contributions on Salaries [member] | ||
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | 1,715,592 | 1,840,448 |
Severance Payments and Personnel Bonuses [member] | ||
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | 2,730,047 | 2,908,611 |
Personnel Services [member] | ||
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | 538,941 | 448,431 |
Other Short Term Employee Benefits [member] | ||
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | 328,052 | $ 377,408 |
Other Long-term Employee Benefits [member] | ||
Disclosure of personnel expenses [line items] | ||
Personnel Expenses | $ 55,800 |
Administrative Expenses - Summa
Administrative Expenses - Summary of Expenses by Nature and Function (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | $ 16,079,154 | $ 14,423,557 |
Fees and compensation for services [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 1,216,542 | 518,772 |
Directors and syndics fees [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 174,191 | 134,483 |
Advertising and publicity [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 1,278,061 | 1,237,729 |
Taxes [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 3,369,396 | 3,522,967 |
Maintenance and repairs [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 1,415,585 | 1,035,880 |
Electricity and communications [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 961,421 | 920,058 |
Entertainment and transportation expenses [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 102,326 | 130,526 |
Stationery and office supplies [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 210,613 | 201,747 |
Rentals [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 826,357 | 738,382 |
Administrative services hired [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 1,293,996 | 1,286,759 |
Security [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 558,520 | 624,814 |
Insurance [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | 454,476 | 455,360 |
Others [member] | ||
Summary Of Expenses By Nature Administrative Expenses [line items] | ||
Administrative Expenses | $ 4,217,670 | $ 3,616,080 |
Depreciation and Impairment o_3
Depreciation and Impairment of Assets - Summary of Depreciation and Impairment of Assets (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Depreciation amortization and impairment [abstract] | ||
Depreciation of Property, Plant and Equipment | $ 1,115,673 | $ 1,040,438 |
Amortization of Organization and Development Expenses | 533,430 | 394,885 |
Others | 2,872 | 4,117 |
Total | $ 1,651,975 | $ 1,439,440 |
Other Operating Expenses - Summ
Other Operating Expenses - Summary of Other Operating Expenses (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | $ 16,899,065 | $ 14,605,226 |
Turnover tax [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | 8,647,616 | 6,976,566 |
Contributions to the guarantee fund [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | 510,843 | 438,487 |
Charges for Other Provisions [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | 1,056,171 | 360,530 |
Claims [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | 310,406 | 199,172 |
Other Financial Income [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | 546,541 | 319,634 |
Other Expenses from Services [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | 5,069,626 | 4,796,835 |
Other expenses [member] | ||
Disclosure of other operating expenses [line items] | ||
Other Operating Expenses | $ 757,862 | $ 1,514,002 |
Income Tax_Deferred Tax - Summa
Income Tax/Deferred Tax - Summary of Reconciliation of Income Tax Charged to Income (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Major components of tax expense (income) [abstract] | ||
Income for the Year Before Income Tax | $ (3,027,209) | $ (14,483,807) |
Effective Tax Rate | 30.00% | 35.00% |
Income (Loss) for the Year at the Tax Rate | $ (908,163) | $ (5,069,332) |
Permanent Differences at the Tax Rate | 0 | 0 |
- Income (Loss) from Equity Instruments | 207,417 | 93,519 |
- Non-taxable Income (Loss) | 180,588 | 94,244 |
- Donations and Other Non-deductible Expenses | (65,921) | (82,312) |
- Other | (406,621) | (302,991) |
- Allowance for Impairment | (1,888) | 211,250 |
- Fines | (63) | |
- Inflation effect | (6,410,820) | (3,303,793) |
- Law 27430 Rate Adjustment | 461,207 | 718,691 |
Total Income Tax Charge for the Year | (6,944,201) | (7,640,787) |
Current Income Tax | (6,921,400) | (6,971,658) |
Deferred Tax Charge | 397,187 | (730,095) |
Allowance for Impairment | (1,888) | 211,250 |
Adjustment to Prior-Year Tax Return | (82,340) | (151,496) |
Law 27430 Adjustment | (335,760) | 1,212 |
Total Income Tax Charge for the Year | $ (6,944,201) | $ (7,640,787) |
Income Tax_Deferred Tax - Sum_2
Income Tax/Deferred Tax - Summary of Current Income Tax Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Major components of tax expense (income) [abstract] | |||
Current Income Tax | $ (6,921,400) | $ (6,971,658) | |
Tax Advances | 3,463,791 | 3,393,129 | |
Current Income Tax Liabilities | $ (3,457,609) | $ (3,578,529) | $ (3,159,343) |
Income Tax_Deferred Tax - Addit
Income Tax/Deferred Tax - Additional Information (Detail) - ARS ($) $ in Thousands | Jan. 01, 2018 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | Dec. 31, 2016 | Dec. 31, 2014 | Dec. 31, 2019 |
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Recovery of income tax paid | $ 944,338 | $ 433,815 | |||||
Income tax rate | 35.00% | ||||||
Tax rate on dividends generated by beneficiaries | 35.00% | ||||||
Real estate [member] | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Percentage of personal property and remaining assets qualify as inventories | 8.00% | ||||||
Percentage of real estate qualify as inventories | 15.00% | ||||||
Personal property and other assets [member] | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Percentage of personal property and remaining assets qualify as inventories | 10.00% | ||||||
Changes in tax rates or tax laws enacted or announced [member] | |||||||
Disclosure of temporary difference, unused tax losses and unused tax credits [line items] | |||||||
Income tax rate | 25.00% | 30.00% | |||||
Tax rate on dividends | 13.00% | 7.00% |
Dividends - Additional Informat
Dividends - Additional Information (Detail) - ARS ($) $ / shares in Units, $ in Thousands | Dec. 31, 2018 | Apr. 24, 2018 | Dec. 31, 2017 | Apr. 25, 2017 |
Disclosure of dividend [abstract] | ||||
Dividend | $ 1,616,849 | $ 1,200,000 | $ 405,825 | $ 240,000 |
Dividend per share | $ 0.84 | $ 0.18 |
Earnings Per Share - Schedule o
Earnings Per Share - Schedule of Earnings Per Share (Detail) - ARS ($) $ / shares in Units, $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Earnings per share [abstract] | ||
Net Income for the Year Attributable to owners of the Parent | $ (3,465,822) | $ 6,793,588 |
Weighted Average Common Shares | 1,426,765 | 1,332,617 |
Income per Share | $ (2.43) | $ 5.10 |
Segment Reporting - Additional
Segment Reporting - Additional Information (Detail) | 12 Months Ended |
Dec. 31, 2018Segments | |
Disclosure of operating segments [abstract] | |
Number of geographic segments | 1 |
Segment Reporting - Summary of
Segment Reporting - Summary of Operating Segments (Income Statement) (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of operating segments [line items] | ||
Net Income from interest | $ 33,363,463 | $ 29,874,035 |
Net fee Income (Expense) | 20,238,163 | 22,145,626 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 17,352,718 | 8,461,338 |
Income from Derecognition of Assets Measured at Amortized Cost | 221,639 | |
Gold and Foreign Currency Quotation Differences | 3,777,071 | 3,478,861 |
Other Operating Income | 11,571,913 | 8,996,632 |
Underwriting Income from Insurance Business | 2,869,319 | 3,314,912 |
Loan and other Receivables Loss Provisions | (16,299,727) | (7,293,856) |
Personnel Expenses | (17,026,247) | (17,088,672) |
Administrative Expenses | (16,079,154) | (14,423,557) |
Depreciation and Impairment of Assets | (1,651,975) | (1,439,440) |
Other Operating Expenses | (16,899,065) | (14,605,226) |
Loss on net monetary position | (18,063,668) | (6,823,296) |
Operating Income | 3,374,450 | 14,597,357 |
Share of profit from Associates and Joint Ventures | 321,182 | |
Income before Taxes from Continuing Operations | 3,374,450 | 14,918,539 |
Income Tax from Continuing Operations | (6,912,526) | (7,319,027) |
Net Income from Continuing Operations | (3,538,076) | 7,599,512 |
Income from Discontinued Operations | (259,756) | 0 |
Income Tax from Discontinued Operations | (31,675) | (321,760) |
Net (Loss) / Income for the Year | (3,829,507) | 7,277,752 |
Other Comprehensive Income (Loss) | (87,485) | (434,732) |
Net Income for the Year Attributable to Non-controlling Interests | 363,685 | (484,164) |
Net Income (Loss) for the Year Attributable to owners of the Parent | (3,553,307) | 6,358,856 |
Operating segments [member] | Banks [member] | ||
Disclosure of operating segments [line items] | ||
Net Income from interest | 23,616,496 | 19,724,848 |
Net fee Income (Expense) | 12,476,489 | 12,163,079 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 16,047,772 | 6,725,615 |
Income from Derecognition of Assets Measured at Amortized Cost | 221,639 | |
Gold and Foreign Currency Quotation Differences | 3,735,237 | 3,316,161 |
Other Operating Income | 6,960,582 | 5,082,425 |
Loan and other Receivables Loss Provisions | (10,872,910) | (3,898,951) |
Personnel Expenses | (11,544,850) | (11,355,757) |
Administrative Expenses | (10,466,492) | (9,287,356) |
Depreciation and Impairment of Assets | (1,019,284) | (917,564) |
Other Operating Expenses | (12,823,603) | (10,506,788) |
Loss on net monetary position | (11,204,647) | (2,629,379) |
Operating Income | 5,126,429 | 8,416,333 |
Share of profit from Associates and Joint Ventures | 44,146 | 2,048,332 |
Income before Taxes from Continuing Operations | 5,170,575 | 10,464,665 |
Income Tax from Continuing Operations | (6,636,632) | (4,478,396) |
Net Income from Continuing Operations | (1,466,057) | 5,986,269 |
Income from Discontinued Operations | (225,501) | |
Income Tax from Discontinued Operations | (30,306) | (321,760) |
Net (Loss) / Income for the Year | (1,721,864) | 5,664,509 |
Other Comprehensive Income (Loss) | (78,249) | (454,753) |
Net Income for the Year Attributable to Non-controlling Interests | 59 | |
Net Income (Loss) for the Year Attributable to owners of the Parent | (1,800,054) | 5,209,756 |
Operating segments [member] | Regional Credit Cards [member] | ||
Disclosure of operating segments [line items] | ||
Net Income from interest | 9,178,072 | 9,550,812 |
Net fee Income (Expense) | 8,930,089 | 10,028,406 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 885,187 | 616,589 |
Gold and Foreign Currency Quotation Differences | (50,793) | 17,642 |
Other Operating Income | 3,682,154 | 4,057,565 |
Loan and other Receivables Loss Provisions | (5,348,897) | (3,272,811) |
Personnel Expenses | (4,791,219) | (5,010,769) |
Administrative Expenses | (4,955,287) | (4,516,331) |
Depreciation and Impairment of Assets | (533,666) | (460,394) |
Other Operating Expenses | (4,004,676) | (4,019,688) |
Loss on net monetary position | (3,844,676) | (2,140,368) |
Operating Income | (853,712) | 4,850,653 |
Income before Taxes from Continuing Operations | (853,712) | 4,850,653 |
Income Tax from Continuing Operations | (1,285,983) | (2,721,222) |
Net Income from Continuing Operations | (2,139,695) | 2,129,431 |
Net (Loss) / Income for the Year | (2,139,695) | 2,129,431 |
Net Income for the Year Attributable to Non-controlling Interests | 372 | 105 |
Net Income (Loss) for the Year Attributable to owners of the Parent | (2,139,323) | 2,129,536 |
Operating segments [member] | Insurance [member] | ||
Disclosure of operating segments [line items] | ||
Net Income from interest | 423,260 | 427,948 |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 21,800 | (16,744) |
Gold and Foreign Currency Quotation Differences | 4,139 | 1,986 |
Other Operating Income | 163,789 | 72,879 |
Underwriting Income from Insurance Business | 1,612,319 | 1,704,918 |
Loan and other Receivables Loss Provisions | (77,920) | |
Personnel Expenses | (574,795) | (551,418) |
Administrative Expenses | (408,662) | (450,112) |
Depreciation and Impairment of Assets | (91,474) | (48,335) |
Other Operating Expenses | (402) | (1,614) |
Loss on net monetary position | (560,529) | (346,257) |
Operating Income | 511,525 | 793,251 |
Share of profit from Associates and Joint Ventures | 3,318 | |
Income before Taxes from Continuing Operations | 511,525 | 796,569 |
Income Tax from Continuing Operations | (309,769) | (411,465) |
Net Income from Continuing Operations | 201,756 | 385,104 |
Net (Loss) / Income for the Year | 201,756 | 385,104 |
Other Comprehensive Income (Loss) | (10,555) | 23,053 |
Net Income (Loss) for the Year Attributable to owners of the Parent | 191,201 | 408,157 |
Operating segments [member] | Other businesses [member] | ||
Disclosure of operating segments [line items] | ||
Net Income from interest | 117,660 | 127,966 |
Net fee Income (Expense) | (1,493) | (2,847) |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 397,959 | 1,130,565 |
Gold and Foreign Currency Quotation Differences | 88,488 | 143,072 |
Other Operating Income | 615,585 | 1,372,584 |
Underwriting Income from Insurance Business | 7,320 | |
Loan and other Receivables Loss Provisions | (122,094) | |
Personnel Expenses | (115,383) | (170,728) |
Administrative Expenses | (279,696) | (198,830) |
Depreciation and Impairment of Assets | (7,551) | (13,147) |
Other Operating Expenses | (70,384) | (77,241) |
Loss on net monetary position | (2,453,816) | (1,707,292) |
Operating Income | (1,708,631) | 489,328 |
Share of profit from Associates and Joint Ventures | (18,065) | |
Income before Taxes from Continuing Operations | (1,726,696) | 489,328 |
Income Tax from Continuing Operations | 1,319,858 | 292,056 |
Net Income from Continuing Operations | (406,838) | 781,384 |
Income from Discontinued Operations | (34,255) | |
Income Tax from Discontinued Operations | (1,369) | |
Net (Loss) / Income for the Year | (442,462) | 781,384 |
Other Comprehensive Income (Loss) | (87,485) | (3,032) |
Net Income for the Year Attributable to Non-controlling Interests | 5,866 | |
Net Income (Loss) for the Year Attributable to owners of the Parent | (529,947) | 784,218 |
Adjustments [member] | ||
Disclosure of operating segments [line items] | ||
Net Income from interest | 27,975 | 42,461 |
Net fee Income (Expense) | (1,166,922) | (43,012) |
Net Income from Financial Instruments measured at fair value through Profit or Loss | 5,313 | |
Other Operating Income | 149,803 | (1,588,821) |
Underwriting Income from Insurance Business | 1,257,000 | 1,602,674 |
Administrative Expenses | 30,983 | 29,072 |
Other Operating Expenses | 105 | |
Operating Income | 298,839 | 47,792 |
Share of profit from Associates and Joint Ventures | (26,081) | (1,730,468) |
Income before Taxes from Continuing Operations | 272,758 | (1,682,676) |
Net Income from Continuing Operations | 272,758 | (1,682,676) |
Net (Loss) / Income for the Year | 272,758 | (1,682,676) |
Other Comprehensive Income (Loss) | 88,804 | |
Net Income for the Year Attributable to Non-controlling Interests | 363,254 | (490,135) |
Net Income (Loss) for the Year Attributable to owners of the Parent | $ 724,816 | $ (2,172,811) |
Segment Reporting - Summary o_2
Segment Reporting - Summary of Operating Segments ( Balance Sheet ) (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Assets | ||||
Cash and Due from Banks | $ 143,309,428 | $ 87,044,881 | $ 121,183,979 | |
Debt Securities at fair value through profit or loss | 75,935,163 | 42,747,797 | 28,817,744 | |
Derivative Financial Instruments | 1,785,640 | 775,674 | 229,436 | |
Repo Transactions | 2,068,076 | 14,286,336 | ||
Other Financial Assets | 9,047,932 | 10,339,256 | 6,719,581 | |
Loans and Other Financing | 282,710,068 | 284,354,759 | 245,703,421 | |
Other Debt Securities | 14,424,134 | 4,182,537 | 3,183,852 | |
Financial Assets Pledged as Collateral | 10,817,492 | 9,346,788 | 10,095,593 | |
Current Income Tax Assets | 94,918 | 134,740 | 234,931 | |
Investments in Equity Instruments | 161,054 | 111,923 | 187,135 | |
Equity Investments in Associates and Joint Ventures | 286,802 | |||
Property, Plant and Equipment | 19,362,585 | 18,209,015 | 16,348,360 | |
Intangible Assets | 4,587,147 | 1,724,914 | 1,660,793 | |
Deferred Income Tax Assets | 972,975 | 762,570 | 1,035,260 | |
Assets for Insurance Contracts | 982,502 | 1,021,703 | 988,723 | |
Other Non-financialAssets | 2,824,769 | 3,738,130 | 3,019,668 | |
Non-current Assets Held for Sale | 608,015 | 10,860,091 | 10,919,116 | |
TOTAL ASSETS | 569,691,898 | 489,641,114 | 450,614,394 | |
Liabilities | ||||
Deposits | 360,097,275 | 296,367,356 | 277,077,562 | |
Liabilities at fair value through Profit or Loss | 2,144,664 | 0 | ||
Derivative Financial Instruments | 1,835,789 | 846,331 | 290,384 | |
Repo Transactions | 1,948,559 | 1,670,059 | 3,030,473 | |
Other Financial Liabilities | 63,235,042 | 55,350,799 | 57,094,776 | |
Loans from the Argentine Central Bank and Other Financial Institutions | 19,446,028 | 11,618,302 | 12,717,145 | |
Debt Securities | 29,983,653 | 20,279,165 | 21,848,460 | |
Current Income Tax Liabilities | 3,457,609 | 3,578,529 | 3,159,343 | |
Subordinated Debt Securities | 9,767,874 | 7,128,356 | 7,490,444 | |
Provisions | 1,449,323 | 897,260 | 709,213 | $ 709,213 |
Deferred Income Tax Liabilities | 1,903,646 | 2,088,540 | 1,843,597 | |
Liabilities for Insurance Contracts | 1,103,220 | 1,195,647 | 1,154,162 | |
Other Non-financialLiabilities | 11,471,530 | 21,142,454 | 18,525,957 | |
TOTAL LIABILITIES | 507,844,212 | 422,162,798 | 404,941,516 | |
Operating segments [member] | Banks [member] | ||||
Assets | ||||
Cash and Due from Banks | 142,049,436 | 86,314,938 | 120,510,951 | |
Debt Securities at fair value through profit or loss | 75,911,796 | 39,232,822 | 27,893,048 | |
Derivative Financial Instruments | 1,785,640 | 775,674 | 229,436 | |
Repo Transactions | 2,068,076 | 14,286,336 | ||
Other Financial Assets | 4,691,607 | 6,035,372 | 3,118,715 | |
Loans and Other Financing | 243,232,186 | 237,690,649 | 195,873,323 | |
Other Debt Securities | 13,630,604 | 3,306,706 | 1,860,045 | |
Financial Assets Pledged as Collateral | 10,812,499 | 9,339,920 | 9,870,728 | |
Current Income Tax Assets | 2,267,500 | 1,856,223 | 3,967 | |
Investments in Equity Instruments | 159,602 | 111,923 | 125,962 | |
Equity Investments in Associates and Joint Ventures | 397,754 | 10,340,901 | 9,614,493 | |
Property, Plant and Equipment | 9,869,201 | 16,203,040 | 14,289,988 | |
Intangible Assets | 3,259,794 | 1,098,519 | 1,109,456 | |
Other Non-financialAssets | 798,367 | 3,097,128 | 2,369,045 | |
Non-current Assets Held for Sale | 404,106 | 8,506,288 | 10,593,323 | |
TOTAL ASSETS | 511,338,168 | 438,196,439 | 397,462,480 | |
Liabilities | ||||
Deposits | 361,445,778 | 296,596,968 | 277,560,473 | |
Liabilities at fair value through Profit or Loss | 2,685,471 | |||
Derivative Financial Instruments | 1,835,789 | 863,514 | 264,172 | |
Repo Transactions | 1,948,559 | 1,670,059 | 3,030,473 | |
Other Financial Liabilities | 40,976,456 | 31,345,885 | 31,465,537 | |
Loans from the Argentine Central Bank and Other Financial Institutions | 17,490,792 | 11,410,915 | 8,647,524 | |
Debt Securities | 15,527,765 | 6,627,223 | 8,731,727 | |
Current Income Tax Liabilities | 5,442,791 | 3,862,407 | 1,824,390 | |
Subordinated Debt Securities | 9,767,874 | 7,128,356 | 7,490,444 | |
Provisions | 1,248,998 | 665,288 | 467,831 | |
Deferred Income Tax Liabilities | 289,493 | 1,941,104 | 1,667,167 | |
Other Non-financialLiabilities | 8,709,240 | 15,177,593 | 15,379,938 | |
TOTAL LIABILITIES | 467,369,006 | 377,289,312 | 356,529,676 | |
Operating segments [member] | Regional Credit Cards [member] | ||||
Assets | ||||
Cash and Due from Banks | 1,364,452 | 801,270 | 855,572 | |
Debt Securities at fair value through profit or loss | 370,046 | 137,324 | ||
Other Financial Assets | 3,677,018 | 3,202,795 | 3,919,010 | |
Loans and Other Financing | 44,050,906 | 47,421,104 | 48,933,879 | |
Financial Assets Pledged as Collateral | 4,993 | 6,868 | 224,692 | |
Current Income Tax Assets | 11,939 | 30,227 | 27,474 | |
Property, Plant and Equipment | 1,806,613 | 1,724,338 | 1,716,579 | |
Intangible Assets | 645,580 | 532,156 | 485,282 | |
Deferred Income Tax Assets | 868,671 | 705,405 | 942,720 | |
Other Non-financialAssets | 283,307 | 286,272 | 169,999 | |
TOTAL ASSETS | 52,713,479 | 55,080,481 | 57,412,531 | |
Liabilities | ||||
Derivative Financial Instruments | 217,832 | |||
Other Financial Liabilities | 23,419,918 | 24,409,668 | 25,149,569 | |
Loans from the Argentine Central Bank and Other Financial Institutions | 1,955,180 | 490,169 | 3,991,530 | |
Debt Securities | 14,979,260 | 13,999,030 | 13,536,489 | |
Current Income Tax Liabilities | 38,137 | 1,028,814 | 750,927 | |
Provisions | 64,997 | 71,258 | 89,496 | |
Other Non-financialLiabilities | 2,122,183 | 2,230,117 | 2,299,474 | |
TOTAL LIABILITIES | 42,579,675 | 42,229,056 | 46,035,317 | |
Operating segments [member] | Insurance [member] | ||||
Assets | ||||
Cash and Due from Banks | 55,184 | 34,593 | 117,750 | |
Debt Securities at fair value through profit or loss | 83,476 | 1,060,464 | 1,912,151 | |
Other Financial Assets | 234,656 | 278,548 | 231,213 | |
Loans and Other Financing | 426,159 | 20,631 | 47,379 | |
Other Debt Securities | 990,929 | 688,814 | 381,793 | |
Current Income Tax Assets | 82,004 | 126,227 | 182,291 | |
Equity Investments in Associates and Joint Ventures | 27,115 | |||
Property, Plant and Equipment | 294,461 | 271,373 | 289,207 | |
Intangible Assets | 89,798 | 94,136 | 63,345 | |
Deferred Income Tax Assets | 99,867 | 52,556 | 64,865 | |
Assets for Insurance Contracts | 982,502 | 1,021,703 | 960,393 | |
Other Non-financialAssets | 18,669 | 5,308 | 19,509 | |
TOTAL ASSETS | 3,357,705 | 3,654,353 | 4,297,011 | |
Liabilities | ||||
Loans from the Argentine Central Bank and Other Financial Institutions | 56 | 12,948 | ||
Debt Securities | 5,111 | |||
Current Income Tax Liabilities | 203,147 | 237,944 | 443,077 | |
Provisions | 78,328 | 82,382 | 54,048 | |
Deferred Income Tax Liabilities | 106,709 | 61,587 | 51,870 | |
Liabilities for Insurance Contracts | 1,146,515 | 1,195,647 | 1,229,435 | |
Other Non-financialLiabilities | 420,273 | 402,746 | 522,863 | |
TOTAL LIABILITIES | 1,955,028 | 1,985,417 | 2,314,241 | |
Operating segments [member] | Other businesses [member] | ||||
Assets | ||||
Cash and Due from Banks | 93,007 | 91,521 | 165,275 | |
Debt Securities at fair value through profit or loss | 81,501 | 2,349,286 | 275,098 | |
Derivative Financial Instruments | 17,183 | |||
Other Financial Assets | 503,650 | 1,107,730 | 613,070 | |
Loans and Other Financing | (1,887,892) | 19,375 | 2,436,269 | |
Other Debt Securities | (65,632) | 263,322 | 942,014 | |
Financial Assets Pledged as Collateral | 173 | |||
Current Income Tax Assets | (2,266,525) | (1,873,897) | 21,199 | |
Investments in Equity Instruments | 1,452 | 61,173 | ||
Equity Investments in Associates and Joint Ventures | 59,395,513 | 63,094,393 | 2,325,267 | |
Property, Plant and Equipment | 7,392,310 | 10,264 | 52,586 | |
Intangible Assets | 591,975 | 103 | 2,710 | |
Deferred Income Tax Assets | 4,437 | 4,609 | 27,675 | |
Assets for Insurance Contracts | 28,330 | |||
Other Non-financialAssets | 1,724,421 | 355,961 | 375,930 | |
Non-current Assets Held for Sale | 203,909 | 2,353,803 | 67,191 | |
TOTAL ASSETS | 65,772,126 | 67,793,653 | 7,393,960 | |
Liabilities | ||||
Derivative Financial Instruments | 9,297 | |||
Other Financial Liabilities | 36,311 | 291,371 | 1,354,339 | |
Loans from the Argentine Central Bank and Other Financial Institutions | (282,083) | 420,188 | ||
Debt Securities | (11,074) | 955,820 | ||
Current Income Tax Liabilities | (2,226,466) | (1,550,636) | 140,949 | |
Provisions | 57,000 | 78,332 | 97,838 | |
Deferred Income Tax Liabilities | 1,507,444 | 85,849 | 124,560 | |
Liabilities for Insurance Contracts | 34,704 | |||
Other Non-financialLiabilities | 246,661 | 2,642,765 | 547,281 | |
TOTAL LIABILITIES | (379,050) | 1,289,228 | 3,650,272 | |
Adjustments [member] | ||||
Assets | ||||
Cash and Due from Banks | (252,651) | (197,441) | (465,569) | |
Debt Securities at fair value through profit or loss | (141,610) | (264,821) | (1,399,877) | |
Derivative Financial Instruments | (17,183) | |||
Other Financial Assets | (58,999) | (285,189) | (1,162,427) | |
Loans and Other Financing | (3,111,291) | (797,000) | (1,587,429) | |
Other Debt Securities | (131,767) | (76,305) | ||
Current Income Tax Assets | (4,040) | |||
Equity Investments in Associates and Joint Ventures | (59,793,267) | (73,435,294) | (11,680,073) | |
Other Non-financialAssets | 5 | (6,539) | 85,185 | |
Non-current Assets Held for Sale | 258,602 | |||
TOTAL ASSETS | (63,489,580) | (75,083,812) | (15,951,588) | |
Liabilities | ||||
Deposits | (1,348,503) | (229,612) | (482,911) | |
Liabilities at fair value through Profit or Loss | (540,807) | |||
Derivative Financial Instruments | (17,183) | (200,917) | ||
Other Financial Liabilities | (1,197,643) | (696,125) | (874,669) | |
Loans from the Argentine Central Bank and Other Financial Institutions | (699) | (355,045) | ||
Debt Securities | (523,372) | (341,125) | (1,375,576) | |
Liabilities for Insurance Contracts | (43,295) | (34,704) | (75,273) | |
Other Non-financialLiabilities | (26,827) | 689,233 | (223,599) | |
TOTAL LIABILITIES | $ (3,680,447) | $ (630,215) | $ (3,587,990) |
Capital Management and Risk P_3
Capital Management and Risk Policies - Summary of Regulatory Capital (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of regulatory capital [abstract] | ||
Core Capital | $ 36,584,326 | $ 22,581,424 |
Tier 1 Common Capital | 41,863,969 | 26,244,839 |
Deductible Items | (5,279,643) | (3,663,415) |
Additional Tier 1 Capital | 0 | 0 |
Supplementary Capital | 12,745,132 | 6,947,945 |
Tier 2 Capital | 12,745,132 | 6,947,945 |
Deductible Items | 0 | 0 |
Computable Regulatory Capital (R.P.C.) | $ 49,329,458 | $ 29,529,369 |
Capital Management and Risk P_4
Capital Management and Risk Policies - Summary of Breakdown of Minimum Capital Requirement (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of regulatory capital [abstract] | ||
Credit Risk | $ 22,170,572 | $ 17,263,077 |
Market Risk | 969,226 | 1,126,159 |
Operational Risk | 4,023,443 | 4,220,503 |
Minimum Capital Requirement | 27,163,241 | 22,609,739 |
Paid-in | 49,329,458 | 29,529,369 |
Excess | $ 22,166,217 | $ 6,919,630 |
Capital Management and Risk P_5
Capital Management and Risk Policies - Summary of Estimated Risk for Each Type of Instrument (Detail) $ in Millions | Dec. 31, 2018ARS ($) |
Currency risk [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Estimated risk | $ 78 |
Fixed income risk [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Estimated risk | 61 |
Interest rate risk [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Estimated risk | 110 |
Variable income risk [member] | |
Disclosure of risk management strategy related to hedge accounting [line items] | |
Estimated risk | $ 1 |
Capital Management and Risk P_6
Capital Management and Risk Policies - Summary of Exposure to Foreign Exchange Risk as of Year End by Type of Currency (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Derivatives | $ 1,835,789 | $ 846,331 | $ 290,384 |
Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | 195,965 | 127,166 | |
Monetary Financial Liabilities | (197,119) | (120,387) | |
Derivatives | 101 | (4,155) | |
Net Position | (1,053) | 2,624 | |
U.S. Dollar [member] | Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | 196,546 | 126,277 | |
Monetary Financial Liabilities | (199,229) | (120,163) | |
Derivatives | 101 | (4,155) | |
Net Position | (2,582) | 1,959 | |
Euro [member] | Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | (557) | 793 | |
Monetary Financial Liabilities | 1,998 | (208) | |
Net Position | 1,441 | 585 | |
Canadian Dollar [member] | Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | (9) | 30 | |
Monetary Financial Liabilities | 42 | (6) | |
Net Position | 33 | 24 | |
Real [member] | Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | 18 | ||
Net Position | 18 | ||
Swiss franc [member] | Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | (13) | 16 | |
Monetary Financial Liabilities | 21 | (9) | |
Net Position | 8 | 7 | |
Others [member] | Currency risk [member] | |||
Disclosure of Foreign Exchange Risk Factor [Line items] | |||
Monetary Financial Assets | (2) | 32 | |
Monetary Financial Liabilities | 49 | (1) | |
Net Position | $ 47 | $ 31 |
Capital Management and Risk P_7
Capital Management and Risk Policies - Summary of Exposure to Foreign Exchange Risk as of Year End by Change in Type of Currency (Detail) - ARS ($) | 12 Months Ended | |||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 | |
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Net (Loss) / Income for the Year | $ (3,829,507,000) | $ 7,277,752,000 | ||
Shareholders' Equity | $ 61,847,686,000 | 67,478,316,000 | $ 45,672,878,000 | $ 45,672,878,000 |
Currency risk [member] | Top of range [member] | U.S. Dollar [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | 10.00% | |||
Net (Loss) / Income for the Year | $ (258) | 196 | ||
Shareholders' Equity | $ (2,848) | 2,154 | ||
Currency risk [member] | Top of range [member] | Euro [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | 10.00% | |||
Net (Loss) / Income for the Year | $ 143 | 59 | ||
Shareholders' Equity | $ 1,575 | 644 | ||
Currency risk [member] | Top of range [member] | Canadian Dollar [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | 10.00% | |||
Net (Loss) / Income for the Year | $ 3 | 3 | ||
Shareholders' Equity | $ 366 | 27 | ||
Currency risk [member] | Top of range [member] | Real [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | 10.00% | |||
Net (Loss) / Income for the Year | 1 | |||
Shareholders' Equity | 21 | |||
Currency risk [member] | Top of range [member] | Swiss franc [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | 10.00% | |||
Net (Loss) / Income for the Year | $ 1 | |||
Shareholders' Equity | $ 9 | 7 | ||
Currency risk [member] | Top of range [member] | Others [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | 10.00% | |||
Net (Loss) / Income for the Year | $ 5 | 3 | ||
Shareholders' Equity | $ 53 | 35 | ||
Currency risk [member] | Bottom of range [member] | U.S. Dollar [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | (10.00%) | |||
Net (Loss) / Income for the Year | $ 258 | (196) | ||
Shareholders' Equity | $ (2,323) | 1,763 | ||
Currency risk [member] | Bottom of range [member] | Euro [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | (10.00%) | |||
Net (Loss) / Income for the Year | $ (143) | (59) | ||
Shareholders' Equity | $ 1,289 | 527 | ||
Currency risk [member] | Bottom of range [member] | Canadian Dollar [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | (10.00%) | |||
Net (Loss) / Income for the Year | $ (3) | (3) | ||
Shareholders' Equity | $ 30 | 21 | ||
Currency risk [member] | Bottom of range [member] | Real [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | (10.00%) | |||
Net (Loss) / Income for the Year | (1) | |||
Shareholders' Equity | 16 | |||
Currency risk [member] | Bottom of range [member] | Swiss franc [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | (10.00%) | |||
Net (Loss) / Income for the Year | $ (1) | |||
Shareholders' Equity | $ 7 | 6 | ||
Currency risk [member] | Bottom of range [member] | Others [member] | ||||
Disclosure of Foreign Exchange Risk Factor [Line items] | ||||
Change percentage | (10.00%) | |||
Net (Loss) / Income for the Year | $ (5) | (3) | ||
Shareholders' Equity | $ 43 | $ 30 |
Capital Management and Risk P_8
Capital Management and Risk Policies - Schedule of Residual Value of Assets and Liabilities, Classified by Interest Renegotiation Date or Maturity Date (Detail) - Interest rate risk [member] - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | $ 482,179,543 | $ 380,430,618 |
Total Financial Liabilities | 447,798,938 | 363,434,965 |
Net Amount | 34,380,605 | |
Less than one month [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 205,717,873 | 229,078,934 |
Total Financial Liabilities | 317,505,256 | 247,229,636 |
Net Amount | (111,787,383) | (18,150,702) |
3 months [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 31,633,572 | 48,709,932 |
Total Financial Liabilities | 27,996,087 | 30,430,892 |
Net Amount | 3,637,485 | 18,279,040 |
6 months [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 33,104,131 | 38,560,371 |
Total Financial Liabilities | 7,287,605 | 8,610,522 |
Net Amount | 25,816,526 | 29,949,849 |
Later than six months and not later than twelve months [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 43,318,473 | 41,915,133 |
Total Financial Liabilities | 4,351,288 | 7,702,696 |
Net Amount | 38,967,185 | 34,212,437 |
Later than one year [member] | ||
Disclosure of financial instruments by type of interest rate [line items] | ||
Total Financial Assets | 168,405,494 | 22,166,248 |
Total Financial Liabilities | 90,658,702 | $ 69,461,219 |
Net Amount | $ 77,746,792 |
Capital Management and Risk P_9
Capital Management and Risk Policies - Schedule of Sensitivity to Potential Additional Changes in Interest Rates (Detail) - Interest rate risk [member] | 12 Months Ended |
Dec. 31, 2018ARS ($) | |
Decrease In Interest Rate [member] | |
Disclosure of sensitivity analysis market risk [line items] | |
Additional Changes to the Interest Rate | (1.00%) |
Increase/(Decrease) in Income before Income Tax in Pesos | $ (144,653) |
Increase/(Decrease) in Shareholders' Equity in Pesos | $ (0.004) |
Increase In Interest Rate [member] | |
Disclosure of sensitivity analysis market risk [line items] | |
Additional Changes to the Interest Rate | 1.00% |
Increase/(Decrease) in Income before Income Tax in Pesos | $ 144,653 |
Increase/(Decrease) in Shareholders' Equity in Pesos | $ 0.004 |
Capital Management and Risk _10
Capital Management and Risk Policies - Schedule of Analysis of Maturities of Assets and Liabilities (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Assets | |||
Derivative Financial Instruments | $ 1,785,640 | $ 775,674 | $ 229,436 |
Other Financial Assets | 9,047,932 | 10,339,256 | 6,719,581 |
Loans and Other Financing | 282,710,068 | 284,354,759 | 245,703,421 |
Investments in equity instruments | 81,109 | 131,099 | |
Liabilities | |||
Liabilities at fair value through Profit or Loss | 2,144,664 | 0 | |
Derivative Financial Instruments | 1,835,789 | 846,331 | 290,384 |
Other Financial Liabilities | 63,235,042 | 55,350,799 | 57,094,776 |
Subordinated Debt Securities | 9,767,874 | 7,128,356 | $ 7,490,444 |
Liquidity risk [member] | |||
Assets | |||
Debt Securities measured at Fair Value through Profit or Loss | 78,664,909 | 42,916,915 | |
Derivative Financial Instruments | 1,785,640 | 775,674 | |
Repo Transactions | 2,112,250 | 14,286,336 | |
Other Financial Assets | 9,056,190 | 10,214,745 | |
Loans and Other Financing | 326,813,938 | 321,067,145 | |
Other Debt Securities | 14,491,625 | 3,999,205 | |
Financial Assets Pledged as Collateral | 10,817,492 | 9,346,788 | |
Investments in equity instruments | 161,064 | ||
Liabilities | |||
Deposits | 367,050,538 | 300,921,313 | |
Liabilities at fair value through Profit or Loss | 2,144,664 | ||
Derivative Financial Instruments | 1,835,789 | 846,331 | |
Repo Transactions | 1,948,559 | 1,670,059 | |
Other Financial Liabilities | 63,279,034 | 57,997,972 | |
Loans from the Argentine Central Bank and Other Financial Institutions | 25,872,286 | 41,842,654 | |
Debt Securities | 49,707,899 | 26,705,573 | |
Subordinated Debt Securities | 15,569,878 | 7,420,376 | |
Liquidity risk [member] | Less than one month [member] | |||
Assets | |||
Debt Securities measured at Fair Value through Profit or Loss | 76,849,406 | 40,822,900 | |
Derivative Financial Instruments | 1,785,640 | 775,674 | |
Repo Transactions | 2,112,250 | 14,286,336 | |
Other Financial Assets | 9,056,190 | 10,214,745 | |
Loans and Other Financing | 93,109,786 | 94,765,477 | |
Other Debt Securities | 14,491,625 | 3,999,205 | |
Financial Assets Pledged as Collateral | 10,817,492 | 9,346,788 | |
Investments in equity instruments | 161,064 | ||
Liabilities | |||
Deposits | 334,200,194 | 269,207,286 | |
Liabilities at fair value through Profit or Loss | 2,144,664 | ||
Derivative Financial Instruments | 1,835,789 | 846,331 | |
Repo Transactions | 1,948,559 | 1,670,059 | |
Other Financial Liabilities | 63,065,272 | 57,997,972 | |
Loans from the Argentine Central Bank and Other Financial Institutions | 7,013,910 | 14,142,054 | |
Debt Securities | 1,301,031 | ||
Subordinated Debt Securities | 384,557 | 257,269 | |
Liquidity risk [member] | Later than one month and not later than six months [member] | |||
Assets | |||
Debt Securities measured at Fair Value through Profit or Loss | 249,268 | 316,471 | |
Loans and Other Financing | 102,383,777 | 100,466,108 | |
Liabilities | |||
Deposits | 29,585,189 | 24,546,832 | |
Other Financial Liabilities | 27,072 | ||
Loans from the Argentine Central Bank and Other Financial Institutions | 8,149,083 | 17,263,524 | |
Debt Securities | 7,657,224 | 2,620,071 | |
Subordinated Debt Securities | 7,163,107 | ||
Liquidity risk [member] | Later than six months and not later than twelve months [member] | |||
Assets | |||
Debt Securities measured at Fair Value through Profit or Loss | 373,823 | 156,817 | |
Loans and Other Financing | 55,974,479 | 50,269,774 | |
Liabilities | |||
Deposits | 3,188,378 | 7,021,479 | |
Other Financial Liabilities | 33,365 | ||
Loans from the Argentine Central Bank and Other Financial Institutions | 3,181,270 | 3,285,039 | |
Debt Securities | 13,262,785 | 1,564,903 | |
Subordinated Debt Securities | 384,557 | ||
Liquidity risk [member] | Later than one year and not later than five years [member] | |||
Assets | |||
Debt Securities measured at Fair Value through Profit or Loss | 1,035,345 | 1,423,261 | |
Loans and Other Financing | 65,838,369 | 66,942,156 | |
Liabilities | |||
Deposits | 76,741 | 145,716 | |
Other Financial Liabilities | 146,180 | ||
Loans from the Argentine Central Bank and Other Financial Institutions | 7,455,499 | 6,949,390 | |
Debt Securities | 26,226,582 | 22,520,599 | |
Subordinated Debt Securities | 3,378,758 | ||
Liquidity risk [member] | Later than five years [member] | |||
Assets | |||
Debt Securities measured at Fair Value through Profit or Loss | 157,067 | 197,466 | |
Loans and Other Financing | 9,507,527 | 8,623,630 | |
Liabilities | |||
Deposits | 36 | ||
Other Financial Liabilities | 7,145 | ||
Loans from the Argentine Central Bank and Other Financial Institutions | 72,524 | $ 202,647 | |
Debt Securities | 1,260,277 | ||
Subordinated Debt Securities | $ 11,422,006 |
Capital Management and Risk _11
Capital Management and Risk Policies - Schedule of Credit Quality of Debt Securities (Detail) - Credit risk [member] - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | $ 75,935,163 | $ 42,747,797 |
AAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,668,954 | 9,326,422 |
Aaa [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 36,622 | 565 |
Aaa.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 196,475 | 117,712 |
AA+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 58,041 | 1,153,208 |
AA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 283,224 | 864,685 |
AA(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 11,161 | 54,610 |
raAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 447,942 | |
AA- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 276 | 310,416 |
A+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 142,196 | 188,641 |
A1.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 14,063 | 21,456 |
A [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 73,397 | 24,040 |
A(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 29,450 | 104,592 |
A- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 41,041 | 55,729 |
A3.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 146,997 | 279,262 |
BBB+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,326 | 4,483 |
Baal.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 14,848 | |
BBB [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 47,610 | 1,104 |
BBB(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 31,173 | |
BBB- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 266,229 | 1,289,436 |
Baa3.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 113,517 | 2,096,012 |
B+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 511 | |
B- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,098 | 29,711 |
CCC(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 209,248 | |
No rating [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 70,097,764 | 26,367,677 |
AAA(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 33,736 | |
raAAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 37,322 | |
Aa2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 56,894 | |
Aa3.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 13,338 | |
A2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,783 | |
Baa1.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 281,969 | |
raBBB [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,506 | |
Baa2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 24,140 | |
B2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 5,348 | |
Government bonds [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,485,407 | 1,252,988 |
Government bonds [member] | AAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,473,352 | 1,252,988 |
Government bonds [member] | BBB [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 11,544 | |
Government bonds [member] | B+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 511 | |
Provincial bonds [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 983,795 | 3,689,954 |
Provincial bonds [member] | raAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 447,942 | |
Provincial bonds [member] | A3.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 146,997 | 279,262 |
Provincial bonds [member] | BBB [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 9,110 | 1,104 |
Provincial bonds [member] | BBB- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 266,229 | 1,289,436 |
Provincial bonds [member] | Baa3.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 113,517 | 2,096,012 |
Provincial bonds [member] | Baa2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 24,140 | |
Autonomous city of buenos aires bonds [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 42,239 | 1,131,770 |
Autonomous city of buenos aires bonds [member] | AA+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 37,166 | 1,030,605 |
Autonomous city of buenos aires bonds [member] | AA- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 35,488 | |
Autonomous city of buenos aires bonds [member] | Baal.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 5,073 | |
Autonomous city of buenos aires bonds [member] | Baa1.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 65,677 | |
Treasury bills [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,188,365 | 7,848,448 |
Treasury bills [member] | AAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 2,116,944 | 7,848,448 |
Treasury bills [member] | A+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,071 | |
Treasury bills [member] | A [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 70,350 | |
Argentine Central Banks Bills [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 70,097,764 | 26,367,677 |
Argentine Central Banks Bills [member] | No rating [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 70,097,764 | 26,367,677 |
Private securities [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,137,593 | 2,456,960 |
Private securities [member] | AAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 78,658 | 224,986 |
Private securities [member] | Aaa [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 36,622 | 565 |
Private securities [member] | Aaa.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 196,475 | 117,712 |
Private securities [member] | AA+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 20,875 | 122,603 |
Private securities [member] | AA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 283,224 | 864,685 |
Private securities [member] | AA(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 11,161 | 54,610 |
Private securities [member] | AA- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 276 | 274,928 |
Private securities [member] | A+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 141,125 | 188,641 |
Private securities [member] | A1.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 14,063 | 21,456 |
Private securities [member] | A [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,047 | 24,040 |
Private securities [member] | A(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 29,450 | 104,592 |
Private securities [member] | A- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 41,041 | 55,729 |
Private securities [member] | BBB+ [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,326 | 4,483 |
Private securities [member] | Baal.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 9,775 | |
Private securities [member] | BBB [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 26,956 | |
Private securities [member] | BBB(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 31,173 | |
Private securities [member] | B- [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,098 | 29,711 |
Private securities [member] | CCC(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | $ 209,248 | |
Private securities [member] | AAA(arg) [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 33,736 | |
Private securities [member] | raAAA [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 37,322 | |
Private securities [member] | Aa2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 56,894 | |
Private securities [member] | Aa3.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 13,338 | |
Private securities [member] | A2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 3,783 | |
Private securities [member] | Baa1.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 216,292 | |
Private securities [member] | raBBB [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | 1,506 | |
Private securities [member] | B2.ar [member] | ||
Disclosure of Credit Quality of Debt Securities [line items] | ||
Credit quality of debt securities | $ 5,348 |
Capital Management and Risk _12
Capital Management and Risk Policies - Summary of Retail Portfolios (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Retail Portfolio [member] | Greater than 6% [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Extra conditions to be considered stage 2 | -Cure -Between 30 and 90 past due days |
Retail Portfolio [member] | Less than 6% [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Extra conditions to be considered stage 2 | -It does not apply to defaulted clients |
Retail Like Portfolio [member] | A, AA, AA+, B, BB, BBB [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Extra conditions to be considered stage 2 | -Cure -Between 30 and 90 past due days |
Retail Like Portfolio [member] | C, CC, CCC [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Extra conditions to be considered stage 2 | -It does not apply to defaulted clients |
Wholesale Portfolio [member] | A, AA, AA+, B, BB, BBB [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Extra conditions to be considered stage 2 | - B.C.R.A. situation B1 |
Wholesale Portfolio [member] | C, CC, CCC [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Extra conditions to be considered stage 2 | -It does not apply to defaulted clients |
Capital Management and Risk _13
Capital Management and Risk Policies - Additional information (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure Of Credit Quality Of Debt Securities [abstract] | |
Percentage of central scenario probability of occurrence | 70.00% |
Percentage of downside scenario probability of occurrence | 15.00% |
Percentage of upside scenario probability of occurrence | 15.00% |
Capital Management and Risk _14
Capital Management and Risk Policies - Summary of key macroeconomic variables (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Inflation Rate (IPC) | 35.00% |
Unemployment Rate | 5.00% |
Interest Rate | 70.00% |
PIB | 1.86% |
Current account | (11.21%) |
Base [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | 1.40% |
Inflation Rate (IPC) | 25.00% |
Exchange Rate | 20.00% |
Unemployment Rate | (4.30%) |
Interest Rate | (29.20%) |
Real Salary | 2.40% |
PIB | 2.60% |
Current account | 19.10% |
Upside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | 6.20% |
Inflation Rate (IPC) | 20.00% |
Exchange Rate | 15.30% |
Unemployment Rate | (15.70%) |
Interest Rate | (45.80%) |
Real Salary | 4.30% |
PIB | 6.20% |
Current account | 44.90% |
Downside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (1.80%) |
Inflation Rate (IPC) | 40.00% |
Exchange Rate | 56.70% |
Unemployment Rate | 38.60% |
Interest Rate | 14.60% |
Real Salary | (5.20%) |
PIB | (1.80%) |
Current account | (77.80%) |
Q II - 2019 [member] | Base [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (7.70%) |
Inflation Rate (IPC) | 47.30% |
Exchange Rate | 99.20% |
Unemployment Rate | 13.10% |
Interest Rate | 79.70% |
Real Salary | (9.50%) |
PIB | (7.00%) |
Current account | (64.90%) |
Q II - 2019 [member] | Upside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (6.60%) |
Inflation Rate (IPC) | 43.50% |
Exchange Rate | 96.30% |
Unemployment Rate | 10.40% |
Interest Rate | 71.00% |
Real Salary | (8.80%) |
PIB | (2.30%) |
Current account | (50.70%) |
Q II - 2019 [member] | Downside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (8.50%) |
Inflation Rate (IPC) | 47.70% |
Exchange Rate | 115.80% |
Unemployment Rate | 22.90% |
Interest Rate | 102.70% |
Real Salary | (11.20%) |
PIB | (7.10%) |
Current account | (54.60%) |
Q III - 2019 [member] | Base [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (1.70%) |
Inflation Rate (IPC) | 43.80% |
Exchange Rate | 58.50% |
Unemployment Rate | 4.00% |
Interest Rate | 22.70% |
Real Salary | (7.10%) |
PIB | (1.50%) |
Current account | (87.20%) |
Q III - 2019 [member] | Upside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | 0.60% |
Inflation Rate (IPC) | 38.00% |
Exchange Rate | 54.60% |
Unemployment Rate | (0.90%) |
Interest Rate | 9.60% |
Real Salary | (6.50%) |
PIB | 1.50% |
Current account | (86.80%) |
Q III - 2019 [member] | Downside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (3.30%) |
Inflation Rate (IPC) | 46.30% |
Exchange Rate | 84.30% |
Unemployment Rate | 22.50% |
Interest Rate | 57.00% |
Real Salary | (11.30%) |
PIB | (3.70%) |
Current account | (97.80%) |
Q IV - 2019 [member] | Base [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (1.20%) |
Inflation Rate (IPC) | 32.40% |
Exchange Rate | 14.30% |
Unemployment Rate | 0.30% |
Interest Rate | (16.40%) |
Real Salary | 1.00% |
PIB | (0.10%) |
Current account | (45.00%) |
Q IV - 2019 [member] | Upside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | 2.30% |
Inflation Rate (IPC) | 26.00% |
Exchange Rate | 9.90% |
Unemployment Rate | (7.60%) |
Interest Rate | (30.70%) |
Real Salary | 2.60% |
PIB | 2.90% |
Current account | (64.50%) |
Q IV - 2019 [member] | Downside [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Monthly Estimator of Economic Activity (EMAE) | (3.50%) |
Inflation Rate (IPC) | 41.70% |
Exchange Rate | 40.60% |
Unemployment Rate | 30.00% |
Interest Rate | 21.20% |
Real Salary | (5.10%) |
PIB | (3.50%) |
Current account | (92.90%) |
Capital Management and Risk _15
Capital Management and Risk Policies - Summary of Scenario Probabilities (Detail) | 12 Months Ended |
Dec. 31, 2018 | |
Retail, Retail Like and Wholesale [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Base | 70.00% |
Optimistic | 15.00% |
Pessimistic | 15.00% |
Tarjeta Naranja [member] | |
Disclosure of Credit Quality of Debt Securities [line items] | |
Base | 70.00% |
Optimistic | 15.00% |
Pessimistic | 15.00% |
Capital Management and Risk _16
Capital Management and Risk Policies Summary of Sensitivity Analysis to Assess Impact of Volatility on Macroeconomic Variables on Expected Credit Losses (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018ARS ($) | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Macroeconomic scenario probability | 70.00% |
PIB | 1.86% |
Inflation | 35.00% |
Nominal exchange rate | 29.87% |
Unemployment | 5.00% |
Current account | (11.21%) |
GFG ECL [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Base scenario amount | $ 15,782,416 |
Sensitivity analysis amount | 16,547,663 |
Retail, Retail Like and Wholesale [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Base scenario amount | 10,475,119 |
Sensitivity analysis amount | 10,596,393 |
Naranja [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Base scenario amount | 5,307,297 |
Sensitivity analysis amount | 5,497,757 |
GFG ECL [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Effect of Change in forecast amount | 16,515,901 |
Retail, Retail Like and Wholesale [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Effect of Change in forecast amount | 11,193,327 |
Naranja [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Effect of Change in forecast amount | $ 5,322,574 |
Positive [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Macroeconomic scenario probability | 15.00% |
PIB | 4.73% |
Inflation | 25.00% |
Nominal exchange rate | 20.00% |
Unemployment | 10.00% |
Current account | (29.25%) |
Negative [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Macroeconomic scenario probability | 15.00% |
PIB | (6.75%) |
Inflation | 50.00% |
Nominal exchange rate | 81.82% |
Unemployment | 20.00% |
Current account | (82.00%) |
Regular Scenario[member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Base scenario rate | 70.00% |
Sensitivity analysis rate | 45.00% |
Positive Scenario [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Base scenario rate | 15.00% |
Sensitivity analysis rate | 10.00% |
Negative Scenario [Member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Base scenario rate | 15.00% |
Sensitivity analysis rate | 45.00% |
Capital Management and Risk _17
Capital Management and Risk Policies - Summary of Maximum Exposure to Credit Risk on Assests (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | Dec. 31, 2016 |
Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | $ 965,360 | $ 619,208 | ||
Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 221,758 | |||
Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 127,030 | |||
Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 616,572 | |||
Gross carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 32,347,033 | 25,954,531 | ||
Gross carrying amount [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 30,599,160 | 24,473,623 | ||
Gross carrying amount [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 711,005 | 450,049 | ||
Gross carrying amount [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 136,622 | 485,422 | ||
Gross carrying amount [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 97,848 | 73,407 | ||
Gross carrying amount [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 802,398 | 472,030 | ||
Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 28,022,638 | |||
Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 27,628,736 | |||
Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 393,902 | |||
Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,521,997 | |||
Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,970,424 | |||
Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 317,103 | |||
Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 136,622 | |||
Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 97,848 | |||
Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 802,398 | |||
Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 802,398 | |||
Carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 31,381,673 | 25,335,323 | ||
Carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 27,800,880 | |||
Carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,394,967 | |||
Carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 185,826 | |||
Retail [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | $ 7,477,488 | 3,686,934 | 3,448,164 | |
Retail [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 2,600,458 | 1,093,601 | ||
Retail [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 2,317,516 | 917,070 | ||
Retail [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 2,559,514 | 1,676,263 | ||
Retail [member] | Gross carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 99,623,749 | 109,917,812 | 86,102,794 | |
Retail [member] | Gross carrying amount [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 90,509,626 | 102,251,974 | 77,585,443 | |
Retail [member] | Gross carrying amount [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,420,875 | 3,432,010 | 4,686,395 | |
Retail [member] | Gross carrying amount [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,523,320 | 1,137,401 | 1,109,964 | |
Retail [member] | Gross carrying amount [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 788,871 | 490,172 | 511,715 | |
Retail [member] | Gross carrying amount [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,381,057 | 2,606,255 | 2,209,277 | |
Retail [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 82,343,496 | 93,010,615 | ||
Retail [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 80,123,131 | 90,744,245 | ||
Retail [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,220,365 | 2,266,370 | ||
Retail [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 13,899,196 | 14,300,942 | ||
Retail [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 10,386,495 | 11,507,729 | ||
Retail [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,200,510 | 1,165,640 | ||
Retail [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,523,320 | 1,137,401 | ||
Retail [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 788,871 | 490,172 | ||
Retail [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,381,057 | 2,606,255 | ||
Retail [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,381,057 | 2,606,255 | ||
Retail [member] | Carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 92,146,261 | 106,230,878 | 82,654,630 | |
Retail [member] | Carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 79,743,038 | 91,917,014 | ||
Retail [member] | Carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 11,581,680 | 13,383,872 | ||
Retail [member] | Carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 821,543 | 929,992 | ||
Retail Like Portfolio [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,726,780 | 965,360 | $ 619,208 | |
Retail Like Portfolio [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,726,780 | 965,360 | ||
Retail Like Portfolio [member] | Stage 1 [member] | 12-month ECL [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 266,947 | 221,758 | 57,285 | |
Retail Like Portfolio [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 266,947 | |||
Retail Like Portfolio [member] | Stage 2 [member] | Lifetime ECL [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 280,127 | 127,030 | 189,219 | |
Retail Like Portfolio [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 280,127 | |||
Retail Like Portfolio [member] | Stage 3 [member] | Lifetime ECL [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,179,706 | 616,572 | 372,704 | |
Retail Like Portfolio [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,179,706 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 36,096,570 | 32,347,033 | ||
Retail Like Portfolio [member] | Gross carrying amount [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 32,376,051 | 30,599,160 | ||
Retail Like Portfolio [member] | Gross carrying amount [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,324,667 | 711,005 | ||
Retail Like Portfolio [member] | Gross carrying amount [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 336,258 | 136,622 | ||
Retail Like Portfolio [member] | Gross carrying amount [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 261,908 | 97,848 | ||
Retail Like Portfolio [member] | Gross carrying amount [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,797,686 | 802,398 | ||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 30,140,244 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 29,273,332 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 866,912 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 4,158,640 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,102,719 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 457,755 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 336,258 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 261,908 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,797,686 | |||
Retail Like Portfolio [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,797,686 | |||
Retail Like Portfolio [member] | Carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 34,369,790 | 31,381,673 | ||
Retail Like Portfolio [member] | Carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 29,873,297 | |||
Retail Like Portfolio [member] | Carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,878,513 | |||
Retail Like Portfolio [member] | Carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 617,980 | |||
Wholesale [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,270,851 | 750,612 | 496,885 | |
Wholesale [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 525,757 | 211,775 | ||
Wholesale [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 77,364 | 45,209 | ||
Wholesale [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 667,730 | 493,628 | ||
Wholesale [member] | Gross carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 141,883,531 | 131,326,442 | 100,075,859 | |
Wholesale [member] | Gross carrying amount [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,515,489 | 808,091 | 339,002 | |
Wholesale [member] | Gross carrying amount [member] | A [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 141,566,799 | 130,441,016 | 99,417,742 | |
Wholesale [member] | Gross carrying amount [member] | B1 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 77,335 | 319,115 | ||
Credit Exposure | (2,198,757) | 77,335 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 133,275,379 | 122,301,109 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | A [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 135,513,044 | 122,301,109 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | B1 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | (2,237,665) | |||
Wholesale [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,087,250 | 8,215,665 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | A [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,048,342 | 8,138,330 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | B1 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 77,335 | |||
Credit Exposure | 38,908 | |||
Wholesale [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,520,902 | 809,668 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,515,489 | 808,091 | ||
Wholesale [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | A [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 5,413 | 1,577 | ||
Wholesale [member] | Carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 140,612,680 | 130,575,830 | 99,578,974 | |
Wholesale [member] | Carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 132,749,622 | 122,089,334 | ||
Wholesale [member] | Carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,009,886 | 8,170,456 | ||
Wholesale [member] | Carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,853,172 | 316,040 | ||
Naranja [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 5,307,297 | 3,877,715 | 4,160,322 | |
Naranja [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 5,307,297 | 3,877,715 | 4,160,322 | |
Naranja [member] | Stage 1 [member] | 12-month ECL [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,376,585 | 904,291 | 775,611 | |
Naranja [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,376,585 | 904,291 | ||
Naranja [member] | Stage 2 [member] | Lifetime ECL [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,842,615 | 1,270,258 | 1,566,226 | |
Naranja [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 1,842,615 | 1,270,258 | ||
Naranja [member] | Stage 3 [member] | Lifetime ECL [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 2,088,097 | 1,703,166 | $ 1,818,485 | |
Naranja [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Loss allowance | 2,088,097 | 1,703,166 | ||
Naranja [member] | Gross carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 49,483,125 | 51,375,287 | 53,471,401 | |
Naranja [member] | Gross carrying amount [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 39,535,878 | 43,394,982 | 45,435,532 | |
Naranja [member] | Gross carrying amount [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,518,746 | 3,389,912 | 3,075,142 | |
Naranja [member] | Gross carrying amount [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,701,948 | 1,128,408 | 1,121,215 | |
Naranja [member] | Gross carrying amount [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 939,523 | 526,990 | 588,117 | |
Naranja [member] | Gross carrying amount [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,787,030 | 2,934,995 | 3,251,395 | |
Naranja [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 39,083,960 | 41,039,891 | ||
Naranja [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 36,512,083 | 39,229,241 | ||
Naranja [member] | Gross carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 2,571,877 | 1,810,650 | ||
Naranja [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 6,612,135 | 7,400,401 | ||
Naranja [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Current [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,023,795 | 4,165,741 | ||
Naranja [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Less than one month [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 946,869 | 1,579,262 | ||
Naranja [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 31-60 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 1,701,948 | 1,128,408 | ||
Naranja [member] | Gross carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | 61-90 [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 939,523 | 526,990 | ||
Naranja [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,787,030 | 2,934,995 | ||
Naranja [member] | Gross carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Default [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 3,787,030 | 2,934,995 | ||
Naranja [member] | Carrying amount [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 44,175,828 | 47,497,572 | $ 49,311,079 | |
Naranja [member] | Carrying amount [member] | Stage 1 [member] | 12-month ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 37,707,375 | 40,135,600 | ||
Naranja [member] | Carrying amount [member] | Stage 2 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | 4,769,520 | 6,130,143 | ||
Naranja [member] | Carrying amount [member] | Stage 3 [member] | Lifetime ECL [member] | Expected Credit Losses Staging [member] | ||||
Disclosure of Credit Quality of Debt Securities [line items] | ||||
Credit Exposure | $ 1,698,933 | $ 1,231,829 |
Capital Management and Risk _18
Capital Management and Risk Policies - Summary of Information On Balance Sheet Items And Their Collateral In Offsets As Well As Loan And Other Credit - Related Commitments (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2108ARS ($) | |
Carrying amount [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Overdrafts | $ 14,430,578 |
Mortagage Loans | 11,793,007 |
Collateral Loans | 997,958 |
Personal Loans | 29,144,931 |
Credit Card Loans | 113,395,362 |
Financial Leases | 2,198,047 |
Promisory Notes | 36,020,263 |
Pre-financing export loans | 69,536,225 |
Others | 35,020,864 |
Public Securities | 14,549,740 |
Total as of December 31, 2018 | 327,086,975 |
Loss allowance [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Overdrafts | 443,681 |
Mortagage Loans | 253,178 |
Collateral Loans | 10,255 |
Personal Loans | 1,122,335 |
Credit Card Loans | 9,406,437 |
Financial Leases | 26,424 |
Promisory Notes | 422,487 |
Pre-financing export loans | 1,642,944 |
Others | 2,329,069 |
Public Securities | 125,606 |
Total as of December 31, 2018 | 15,782,416 |
Gross carrying amount [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Overdrafts | 13,986,897 |
Mortagage Loans | 11,539,829 |
Collateral Loans | 987,703 |
Personal Loans | 28,022,596 |
Credit Card Loans | 103,988,925 |
Financial Leases | 2,171,623 |
Promisory Notes | 35,597,776 |
Pre-financing export loans | 67,893,281 |
Others | 32,691,795 |
Public Securities | 14,424,134 |
Total as of December 31, 2018 | 311,304,559 |
Collateral [member] | |
Disclosure of maturity analysis for derivative financial liabilities [line items] | |
Mortagage Loans | 48,761,041 |
Collateral Loans | 4,037,908 |
Others | 2,428,566 |
Public Securities | 55,227,515 |
Total as of December 31, 2018 | $ 110,455,030 |
Capital Management and Risk _19
Capital Management and Risk Policies - Summary of Mortgage Portfolio LTV Distribution (Detail) $ in Thousands | 12 Months Ended |
Dec. 31, 2018ARS ($) | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Exposure | $ 19,708 |
Lower than 50% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | Lower than 50% |
Exposure | $ 8,283 |
50 a 60% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | 50 a 60% |
Exposure | $ 2,940 |
60 a 70% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | 60 a 70% |
Exposure | $ 4,562 |
70 a 80% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | 70 a 80% |
Exposure | $ 2,084 |
80 a 90% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | 80 a 90% |
Exposure | $ 349 |
90 a 100% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | 90 a 100% |
Exposure | $ 878 |
Higher than100% [member] | |
Disclosure of mortgage portfolio loan to value distribution [line items] | |
Mortgages Portfolio -LTV Distribution | Higher than 100% |
Exposure | $ 612 |
Capital Management and Risk _20
Capital Management and Risk Policies - Summary of Changes in Loss Allowance Between Beginning and End of Annual Period (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Inflation effect | $ 168,585 | |
Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | $ 3,686,934 | 3,448,164 |
Inflation effect | (1,189,784) | (685,113) |
New Financial Assets Originated or Purchased | (48,467,065) | |
Changes to model assumptions and methodologies | 0 | |
Modification of contractual cash flows of financial assets | 0 | |
Foreign exchange and other movements | (4,265,482) | |
Financial assets derecognized during the period | 11,809,793 | |
Loss allowance, Ending Balance | 7,477,488 | 3,686,934 |
Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 965,360 | 619,208 |
Inflation effect | (311,524) | (123,030) |
New Financial Assets Originated or Purchased | (21,476,524) | (24,838,100) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 10,438,466 | 1,848,424 |
Financial assets derecognized during the period | 7,623,848 | 11,440,277 |
Write-offs | (335,327) | |
Loss allowance, Ending Balance | 1,726,780 | 965,360 |
Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 750,612 | 496,885 |
Inflation effect | (242,222) | (98,727) |
New Financial Assets Originated or Purchased | (85,180,890) | (124,935,771) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 41,720,181 | 1,809,873 |
Financial assets derecognized during the period | 37,908,360 | 71,991,271 |
Write-offs | (5,004,740) | |
Loss allowance, Ending Balance | 1,270,851 | 750,612 |
Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 3,877,715 | 4,160,322 |
Inflation effect | (1,251,348) | (826,612) |
New Financial Assets Originated or Purchased | (17,950,323) | (12,047,942) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 16,578,930 | |
Financial assets derecognized during the period | 3,263,555 | 3,519,840 |
Loss allowance, Ending Balance | 5,307,297 | 3,877,715 |
12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 1,093,601 | 1,275,440 |
Inflation effect | (352,907) | (253,416) |
New Financial Assets Originated or Purchased | (37,281,613) | |
Changes to model assumptions and methodologies | 0 | |
Modification of contractual cash flows of financial assets | 0 | |
Foreign exchange and other movements | (4,612,978) | |
Financial assets derecognized during the period | 7,860,281 | |
Loss allowance, Ending Balance | 2,600,458 | 1,093,601 |
12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 221,758 | 57,285 |
Inflation effect | (71,562) | (11,381) |
New Financial Assets Originated or Purchased | (17,476,427) | (21,198,887) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 9,042,974 | 1,457,820 |
Financial assets derecognized during the period | 6,202,481 | 10,394,945 |
Write-offs | (204,089) | |
Loss allowance, Ending Balance | 266,947 | 221,758 |
12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 211,775 | 166,413 |
Inflation effect | (68,341) | (33,066) |
New Financial Assets Originated or Purchased | (80,611,231) | (116,853,630) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 38,807,684 | 955,314 |
Financial assets derecognized during the period | 36,157,200 | 71,205,950 |
Write-offs | (5,423,721) | |
Loss allowance, Ending Balance | 525,757 | 211,775 |
12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 904,291 | 775,611 |
Inflation effect | (291,817) | (154,106) |
New Financial Assets Originated or Purchased | (16,179,401) | (9,370,544) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 13,243,671 | (5,312) |
Financial assets derecognized during the period | 724,768 | 720,307 |
Write-offs | (18,384) | |
Loss allowance, Ending Balance | 1,376,585 | 904,291 |
Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 917,070 | 696,665 |
Inflation effect | (295,942) | (138,420) |
New Financial Assets Originated or Purchased | (9,754,613) | |
Changes to model assumptions and methodologies | 0 | |
Modification of contractual cash flows of financial assets | 0 | |
Foreign exchange and other movements | 120,178 | |
Financial assets derecognized during the period | 2,394,705 | |
Loss allowance, Ending Balance | 2,317,516 | 917,070 |
Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 127,030 | 189,219 |
Inflation effect | (40,993) | (37,596) |
New Financial Assets Originated or Purchased | (2,679,052) | (2,931,419) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 1,136,558 | 338,653 |
Financial assets derecognized during the period | 1,062,828 | 687,029 |
Write-offs | (4,429) | |
Loss allowance, Ending Balance | 280,127 | 127,030 |
Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 45,209 | 106,888 |
Inflation effect | (14,588) | (21,237) |
New Financial Assets Originated or Purchased | (4,520,606) | (7,856,759) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 2,651,215 | 840,121 |
Financial assets derecognized during the period | 3,276,411 | 785,321 |
Write-offs | 807,299 | |
Loss allowance, Ending Balance | 77,364 | 45,209 |
Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 1,270,258 | 1,566,226 |
Inflation effect | (409,915) | (311,192) |
New Financial Assets Originated or Purchased | (767,534) | (2,621,787) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 2,388,129 | 4,919 |
Financial assets derecognized during the period | 727,919 | 1,045,183 |
Write-offs | (21,332) | |
Loss allowance, Ending Balance | 1,842,615 | 1,270,258 |
Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 1,676,263 | 1,476,059 |
Inflation effect | (540,935) | (293,277) |
New Financial Assets Originated or Purchased | (1,430,839) | |
Changes to model assumptions and methodologies | 0 | |
Modification of contractual cash flows of financial assets | 0 | |
Foreign exchange and other movements | 227,318 | |
Financial assets derecognized during the period | 1,554,807 | |
Loss allowance, Ending Balance | 2,559,514 | 1,676,263 |
Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 616,572 | 372,704 |
Inflation effect | (198,969) | (74,053) |
New Financial Assets Originated or Purchased | (1,321,045) | (707,794) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 258,934 | 51,951 |
Financial assets derecognized during the period | 358,539 | 358,303 |
Write-offs | (126,809) | |
Loss allowance, Ending Balance | 1,179,706 | 616,572 |
Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 493,628 | 223,584 |
Inflation effect | (159,293) | (44,424) |
New Financial Assets Originated or Purchased | (49,053) | (225,382) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 261,282 | 14,438 |
Financial assets derecognized during the period | (1,525,251) | |
Write-offs | (388,318) | |
Loss allowance, Ending Balance | 667,730 | 493,628 |
Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Loss Allowance, Beginning Balance | 1,703,166 | 1,818,485 |
Inflation effect | (549,616) | (361,314) |
New Financial Assets Originated or Purchased | (1,003,388) | (55,611) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 947,130 | 393 |
Financial assets derecognized during the period | 1,810,868 | 1,754,350 |
Write-offs | 39,716 | |
Loss allowance, Ending Balance | 2,088,097 | 1,703,166 |
Purchased Credit-Impaired [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | |
Modification of contractual cash flows of financial assets | 0 | |
Purchased Credit-Impaired [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Purchased Credit-Impaired [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Purchased Credit-Impaired [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Movements with profit and loss impact [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 3,672,645 | 1,896,344 |
Changes in PDs/LGDs/EADs | 2,703,658 | 572,357 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 63,479 | 288 |
Movements with profit and loss impact [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 1,245,231 | 665,089 |
Changes in PDs/LGDs/EADs | 221,857 | 72,120 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 121,504 | 56,553 |
Movements with profit and loss impact [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 441,658 | 199,961 |
Changes in PDs/LGDs/EADs | 165,528 | 67,868 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 253,818 | 257,435 |
Movements with profit and loss impact [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 1,768,316 | 756,392 |
Changes in PDs/LGDs/EADs | 2,454,025 | 1,296,754 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | (338,662) | (249,479) |
Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 680,315 | 307,212 |
Changes in PDs/LGDs/EADs | 1,229,264 | (110,722) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 46,707 | 10,539 |
Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 181,218 | 181,012 |
Changes in PDs/LGDs/EADs | 17,285 | (34,518) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 17,044 | 912 |
Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 398,510 | 170,640 |
Changes in PDs/LGDs/EADs | 69,078 | 568 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | (6,823) | 10,972 |
Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 514,603 | 244,074 |
Changes in PDs/LGDs/EADs | 328,246 | (226,555) |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | (128,575) | (85,307) |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 1,376,390 | 619,118 |
Changes in PDs/LGDs/EADs | 637,622 | 90,105 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 26,548 | 1,326 |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 195,991 | 82,364 |
Changes in PDs/LGDs/EADs | 38,295 | 2,759 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 16,267 | 11,434 |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 43,148 | 29,321 |
Changes in PDs/LGDs/EADs | 20,034 | 20,024 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 9,991 | (10,901) |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 735,092 | 445,054 |
Changes in PDs/LGDs/EADs | 1,003,381 | 601,910 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | (210,087) | (164,172) |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 1,615,940 | 970,014 |
Changes in PDs/LGDs/EADs | 836,772 | 592,974 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | (9,776) | (11,577) |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 868,022 | 401,713 |
Changes in PDs/LGDs/EADs | 166,277 | 103,879 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 88,193 | 44,207 |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes in PDs/LGDs/EADs | 76,416 | 47,276 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Foreign exchange and other movements | 250,650 | 257,364 |
Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
New Financial Assets Originated or Purchased | 518,621 | 67,264 |
Changes in PDs/LGDs/EADs | 1,122,398 | 921,399 |
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Movements with profit and loss impact [member] | Purchased Credit-Impaired [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Movements with profit and loss impact [member] | Purchased Credit-Impaired [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Movements with profit and loss impact [member] | Purchased Credit-Impaired [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Movements with profit and loss impact [member] | Purchased Credit-Impaired [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Changes to model assumptions and methodologies | 0 | 0 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Other movements with no profit and loss impact [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (2,910,313) | (2,520,339) |
Write-offs | 1,450,869 | 975,233 |
Other movements with no profit and loss impact [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (1,028,266) | (529,447) |
Write-offs | 512,618 | 204,867 |
Other movements with no profit and loss impact [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (196,508) | (281,884) |
Write-offs | 97,965 | 109,074 |
Other movements with no profit and loss impact [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (2,667,967) | (1,672,662) |
Write-offs | 1,465,218 | 413,000 |
Other movements with no profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (216,869) | (362,292) |
Write-offs | 108,115 | 140,187 |
Other movements with no profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (206,825) | (17,564) |
Write-offs | 103,108 | 6,796 |
Other movements with no profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (157,912) | (168,380) |
Write-offs | 78,724 | 65,154 |
Other movements with no profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (53,058) | (31,508) |
Write-offs | 29,139 | 7,780 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (611,817) | (403,954) |
Write-offs | 305,007 | 156,308 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (101,718) | (133,673) |
Write-offs | 50,709 | 51,724 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (38,596) | (113,504) |
Write-offs | 19,241 | 43,920 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (382,131) | (330,971) |
Write-offs | 209,862 | 81,720 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (2,081,627) | (1,754,093) |
Write-offs | 1,037,747 | 678,738 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (719,723) | (378,210) |
Write-offs | 358,801 | 146,347 |
Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Financial assets derecognized during the period | (2,232,778) | (1,310,183) |
Write-offs | 1,226,217 | 323,500 |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 2,677,919 | |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 566,583 | 977,594 |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 555,567 | 1,307,936 |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 3,933,644 | 2,177,809 |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (2,677,919) | |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (566,583) | (977,594) |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (555,567) | (1,307,936) |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (3,933,644) | (2,177,809) |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (36,452) | (37,260) |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (3,911) | (4,026) |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (1,872) | (2,693) |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (111,156) | (60,573) |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 36,452 | 37,260 |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 3,911 | 4,026 |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 1,872 | 2,693 |
Transfer from stage 1 to stage 2 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 111,156 | 60,573 |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 788,355 | |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 106,715 | 98,440 |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 9,894 | 99,272 |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 1,398,286 | 832,017 |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (788,355) | |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (106,715) | (98,440) |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (9,894) | (99,272) |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (1,398,286) | (832,017) |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (12,985) | (12,603) |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (743) | (371) |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (179) | (61) |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (40,296) | (24,779) |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 12,985 | 12,603 |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 743 | 371 |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 179 | 61 |
Transfer from stage 1 to stage 3 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 40,296 | 24,779 |
Transfer from stage 2 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (3,471,756) | |
Transfer from stage 2 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (270,525) | |
Transfer from stage 2 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (1,127,915) | (3,233,170) |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 3,471,756 | |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (3,276) | 270,525 |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 1,127,915 | 3,233,170 |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 3,276 | |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 61,669 | 136,516 |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 9,575 | 43,613 |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 2,797 | 2,228 |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 215,544 | 423,002 |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (61,669) | (136,516) |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (9,575) | (43,613) |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (2,797) | (2,228) |
Transfer from stage 2 to stage 1 [member] | Movements with profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (215,544) | (423,002) |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 451,953 | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 61,468 | 40,969 |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 55,374 | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 1,288,696 | 1,265,342 |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (451,953) | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (61,468) | (40,969) |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (55,374) | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (1,288,696) | (1,265,342) |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (40,809) | (33,992) |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (2,935) | (6,279) |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (6,150) | (9,767) |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (280,363) | (257,026) |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 40,809 | 33,992 |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 2,935 | 6,279 |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 6,150 | 9,767 |
Transfer from stage 2 to stage 3 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 280,363 | 257,026 |
Transfer from stage 3 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (355,843) | |
Transfer from stage 3 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (469,663) | (61,382) |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (53,083) | |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 355,843 | (12,791) |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 469,663 | 61,382 |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (21,883) | (2,315) |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 53,083 | |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 12,791 | |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 21,883 | 2,315 |
Transfer from stage 3 to stage 2 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 28,664 | 29,170 |
Transfer from stage 3 to stage 2 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 3,145 | 6,665 |
Transfer from stage 3 to stage 2 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 10,906 | 1,138 |
Transfer from stage 3 to stage 2 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (28,664) | (29,170) |
Transfer from stage 3 to stage 2 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (3,145) | (6,665) |
Transfer from stage 3 to stage 2 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (10,906) | (1,138) |
Transfer from stage 3 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | (18,738) | (66,293) |
Transfer from stage 3 to stage 1 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 18,738 | 66,293 |
Transfer from stage 3 to stage 1 [member] | Other movements with no profit and loss impact [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | 9,664 | 36,652 |
Transfer from stage 3 to stage 1 [member] | Other movements with no profit and loss impact [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfer from Stage 1 to Stage 2 | $ (9,664) | $ (36,652) |
Capital Management and Risk _21
Capital Management and Risk Policies - Schedule of Changes in Gross Carrying Amount of Specific Segment Portfolio (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | $ 32,347,033 | $ 25,954,531 |
Financial assets derecognized during the period other than writte-offs | (7,623,848) | (11,440,277) |
New financial assets originated or purchased | 21,476,524 | 24,838,100 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 335,327 | |
FX and other movements | (10,438,466) | (1,848,424) |
Inflation Effect | (5,156,897) | |
Gross carrying amount, Ending Balance | 36,096,570 | 32,347,033 |
Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 109,917,812 | |
Financial assets derecognized during the period other than writte-offs | (8,103,546) | |
New financial assets originated or purchased | 31,583,903 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | 1,696,325 | |
FX and other movements | (35,470,745) | |
Gross carrying amount, Ending Balance | 99,623,749 | 109,917,812 |
Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 131,326,442 | 100,075,859 |
Financial assets derecognized during the period other than writte-offs | (37,908,360) | (71,991,271) |
New financial assets originated or purchased | 85,180,890 | 124,935,771 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 5,004,740 | |
FX and other movements | (41,720,181) | (1,809,873) |
Inflation Effect | (19,884,044) | |
Gross carrying amount, Ending Balance | 141,883,531 | 131,326,442 |
Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 51,375,287 | 53,471,401 |
Financial assets derecognized during the period other than writte-offs | (3,263,555) | (3,519,840) |
New financial assets originated or purchased | 17,950,323 | 12,047,942 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | (16,578,930) | |
Inflation Effect | (10,624,216) | |
Gross carrying amount, Ending Balance | 49,483,125 | 51,375,287 |
Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 109,917,812 | 86,102,794 |
Financial assets derecognized during the period other than writte-offs | (11,809,793) | |
New financial assets originated or purchased | 48,467,065 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | 4,265,482 | |
Inflation Effect | (17,107,736) | |
Gross carrying amount, Ending Balance | 109,917,812 | |
12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 28,022,638 | 24,312,706 |
Financial assets derecognized during the period other than writte-offs | (6,202,481) | (10,394,945) |
New financial assets originated or purchased | 17,476,427 | 21,198,887 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 204,089 | |
FX and other movements | (9,042,974) | (1,457,820) |
Inflation Effect | (4,830,681) | |
Gross carrying amount, Ending Balance | 30,140,244 | 28,022,638 |
12-month ECL [member] | Stage 1 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 93,010,615 | |
Financial assets derecognized during the period other than writte-offs | (5,384,216) | |
New financial assets originated or purchased | 24,098,264 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | 1,355,335 | |
FX and other movements | (30,014,751) | |
Gross carrying amount, Ending Balance | 82,343,496 | 93,010,615 |
12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 122,301,109 | 98,531,831 |
Financial assets derecognized during the period other than writte-offs | (36,157,200) | (71,205,950) |
New financial assets originated or purchased | 80,611,231 | 116,853,630 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 5,423,721 | |
FX and other movements | (38,807,684) | (955,314) |
Inflation Effect | (19,577,262) | |
Gross carrying amount, Ending Balance | 133,275,379 | 122,301,109 |
12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 41,039,891 | 40,052,780 |
Financial assets derecognized during the period other than writte-offs | (724,768) | (720,307) |
New financial assets originated or purchased | 16,179,401 | 9,370,544 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 18,384 | |
FX and other movements | (13,243,671) | 5,312 |
Inflation Effect | (7,958,075) | |
Gross carrying amount, Ending Balance | 39,083,960 | 41,039,891 |
12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 93,010,615 | 73,592,991 |
Financial assets derecognized during the period other than writte-offs | (7,860,281) | |
New financial assets originated or purchased | 37,281,613 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | 4,612,978 | |
Inflation Effect | (14,622,168) | |
Gross carrying amount, Ending Balance | 93,010,615 | |
Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 3,521,997 | 1,169,795 |
Financial assets derecognized during the period other than writte-offs | (1,062,828) | (687,029) |
New financial assets originated or purchased | 2,679,052 | 2,931,419 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 4,429 | |
FX and other movements | (1,136,558) | (338,653) |
Inflation Effect | (232,426) | |
Gross carrying amount, Ending Balance | 4,158,640 | 3,521,997 |
Lifetime ECL [member] | Stage 2 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 14,300,942 | |
Financial assets derecognized during the period other than writte-offs | (1,611,202) | |
New financial assets originated or purchased | 6,011,249 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | 120,613 | |
FX and other movements | (4,614,949) | |
Gross carrying amount, Ending Balance | 13,899,196 | 14,300,942 |
Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 8,215,665 | 989,840 |
Financial assets derecognized during the period other than writte-offs | (3,276,411) | (785,321) |
New financial assets originated or purchased | 4,520,606 | 7,856,759 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | (807,299) | |
FX and other movements | (2,651,215) | (840,121) |
Gross carrying amount, Ending Balance | 6,087,250 | 8,215,665 |
Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 7,400,401 | 10,167,226 |
Financial assets derecognized during the period other than writte-offs | (727,919) | (1,045,183) |
New financial assets originated or purchased | 767,534 | 2,621,787 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 21,332 | |
FX and other movements | (2,388,129) | (4,919) |
Inflation Effect | (2,020,122) | |
Gross carrying amount, Ending Balance | 6,612,135 | 7,400,401 |
Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 14,300,942 | 10,300,527 |
Financial assets derecognized during the period other than writte-offs | (2,394,705) | |
New financial assets originated or purchased | 9,754,613 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | (120,178) | |
Inflation Effect | (2,046,608) | |
Gross carrying amount, Ending Balance | 14,300,942 | |
Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 802,398 | 472,030 |
Financial assets derecognized during the period other than writte-offs | (358,539) | (358,303) |
New financial assets originated or purchased | 1,321,045 | 707,794 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 126,809 | |
FX and other movements | (258,934) | (51,951) |
Inflation Effect | (93,790) | |
Gross carrying amount, Ending Balance | 1,797,686 | 802,398 |
Lifetime ECL [member] | Stage 3 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 2,606,255 | |
Financial assets derecognized during the period other than writte-offs | (1,108,128) | |
New financial assets originated or purchased | 1,474,390 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | 220,377 | |
FX and other movements | (841,045) | |
Gross carrying amount, Ending Balance | 3,381,057 | 2,606,255 |
Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 809,668 | 554,188 |
Financial assets derecognized during the period other than writte-offs | 1,525,251 | |
New financial assets originated or purchased | 49,053 | 225,382 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | 388,318 | |
FX and other movements | (261,282) | (14,438) |
Gross carrying amount, Ending Balance | 2,520,902 | 809,668 |
Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 2,934,995 | 3,251,395 |
Financial assets derecognized during the period other than writte-offs | (1,810,868) | (1,754,350) |
New financial assets originated or purchased | 1,003,388 | 55,611 |
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
FX and other movements | (39,716) | |
FX and other movements | (947,130) | (393) |
Inflation Effect | (646,019) | |
Gross carrying amount, Ending Balance | 3,787,030 | 2,934,995 |
Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Gross carryng amount, Beginning Balance | 2,606,255 | 2,209,276 |
Financial assets derecognized during the period other than writte-offs | (1,554,807) | |
New financial assets originated or purchased | 1,430,839 | |
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
FX and other movements | (227,318) | |
Inflation Effect | (438,960) | |
Gross carrying amount, Ending Balance | 2,606,255 | |
Purchased Credit-Impaired [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
Purchased Credit-Impaired [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
Purchased Credit-Impaired [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
Purchased Credit-Impaired [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Modification of contractual cash flows of financial assets | 0 | 0 |
Changes in interest accrual | 0 | 0 |
Purchased Credit-Impaired [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Modification of contractual cash flows of financial assets | 0 | |
Changes in interest accrual | 0 | |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (566,583) | (977,594) |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (2,127,658) | |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (555,567) | (1,307,936) |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (3,933,644) | (2,177,809) |
Transfer from stage 1 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (2,677,919) | |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 566,583 | 977,594 |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 2,127,658 | |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 555,567 | 1,307,936 |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 3,933,644 | 2,177,809 |
Transfer from stage 1 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 2,677,919 | |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (106,715) | (98,440) |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (688,232) | |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (9,894) | (99,272) |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (1,398,286) | (832,017) |
Transfer from stage 1 to stage 3 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (788,355) | |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 106,715 | 98,440 |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 688,232 | |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 9,894 | 99,272 |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 1,398,286 | 832,017 |
Transfer from stage 1 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 788,355 | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (61,468) | (40,969) |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (373,079) | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (55,374) | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (1,288,696) | (1,265,342) |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (451,953) | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 61,468 | 40,969 |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 373,079 | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 55,374 | |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 1,288,696 | 1,265,342 |
Transfer from stage 2 to stage 3 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 451,953 | |
Transfer from stage 3 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 355,843 | |
Transfer from stage 3 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 2,094,139 | |
Transfer from stage 3 to stage 2 [member] | 12-month ECL [member] | Stage 1 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 469,663 | 61,382 |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (355,843) | 12,791 |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (2,094,139) | |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Wholesale Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (469,663) | (61,382) |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 21,883 | 2,315 |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 53,083 | |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (12,791) | |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (21,883) | (2,315) |
Transfer from stage 3 to stage 2 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (53,083) | |
Transfer from stage 2 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 270,525 | |
Transfer from stage 2 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 1,127,915 | 3,233,170 |
Transfer from stage 2 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 3,471,756 | |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 3,276 | (270,525) |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 32,103 | |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (1,127,915) | (3,233,170) |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 2 [member] | Retail Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (3,471,756) | |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail Like Portfolio [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (3,276) | |
Transfer from stage 2 to stage 1 [member] | Lifetime ECL [member] | Stage 3 [member] | Retail portfolios [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | (32,103) | |
Transfer from stage 3 to stage 1 [member] | 12-month ECL [member] | Stage 1 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | 18,738 | 66,293 |
Transfer from stage 3 to stage 1 [member] | Lifetime ECL [member] | Stage 3 [member] | Naranja [member] | ||
Disclosure of reconciliation of changes in loss allowance and explanation of changes in gross carrying amount for financial instruments [line items] | ||
Transfers | $ (18,738) | $ (66,293) |
Contingencies and Commitments -
Contingencies and Commitments - Summary of Provisions for Contingencies (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of other provisions [line items] | |||
Contingency provision | $ 709,213 | $ 1,449,323 | $ 897,260 |
Other contingent liabilities [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 594,461 | 1,329,142 | 760,379 |
Legal proceedings contingent liability [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 455,462 | 1,058,636 | 527,338 |
Contingent liability for labor lawsuits [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 41,408 | 96,311 | 52,095 |
Contingent liability for claims and credit cards [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 2,021 | 1,097 | 1,620 |
Contingent liability for guarantees [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 2,104 | 1,142 | 1,686 |
Contingent liability for other contingencies [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 93,466 | 171,956 | 177,640 |
Contingent liability arising from post-employment benefit obligations [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 83,322 | 86,926 | 109,295 |
Contingent liability for court deposits dollarization difference [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | 21,296 | 27,949 | 20,229 |
Contingent liability for administrative, disciplinary and criminal penalties [member] | |||
Disclosure of other provisions [line items] | |||
Contingency provision | $ 10,134 | $ 5,306 | $ 7,357 |
Offsetting of Financial Asset_3
Offsetting of Financial Assets and Liabilities - Summary of Financial Instruments Subject to Offsetting, Master Netting Agreements and Similar Agreements (Detail) $ in Thousands | Dec. 31, 2018ARS ($) |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | |
Financial Instrument Assets, Gross Amount | $ 115,212,680 |
Financial Instrument Assets, Gross amounts set off in the balance sheet | 6,530 |
Financial Instrument Assets, Net amounts presented in the balance sheet | 115,206,150 |
Financial Instrument Assets, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Financial Instruments | 0 |
Financial Instrument Assets, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Cash Collaterals Received | 4,266,101 |
Financial Instrument Assets, Total Net Amount | 110,940,049 |
Financial Instrument Liabilities, Gross Amount | 38,736,906 |
Financial Instrument Liabilities, Gross amounts set off in the balance sheet | (6,530) |
Financial Instrument Liabilities, Net amounts presented in the balance sheet | 38,730,376 |
Financial Instrument Liabilities, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Financial Instruments | 0 |
Financial Instrument Liabilities, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Cash Collaterals Received | 4,266,101 |
Financial Instrument Liabilities, Total Net Amount | 34,464,275 |
Credit Card Loans [member] | |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | |
Financial Instrument Assets, Gross Amount | 113,420,510 |
Financial Instrument Assets, Net amounts presented in the balance sheet | 113,420,510 |
Financial Instrument Assets, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Financial Instruments | 0 |
Financial Instrument Assets, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Cash Collaterals Received | 3,042,254 |
Financial Instrument Assets, Total Net Amount | 110,378,256 |
Derivative Assets [member] | |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | |
Financial Instrument Assets, Gross Amount | 1,792,170 |
Financial Instrument Assets, Gross amounts set off in the balance sheet | 6,530 |
Financial Instrument Assets, Net amounts presented in the balance sheet | 1,785,640 |
Financial Instrument Assets, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Financial Instruments | 0 |
Financial Instrument Assets, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Cash Collaterals Received | 1,223,847 |
Financial Instrument Assets, Total Net Amount | 561,793 |
Derivative financial instruments [member] | |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | |
Financial Instrument Liabilities, Gross Amount | 1,842,319 |
Financial Instrument Liabilities, Gross amounts set off in the balance sheet | (6,530) |
Financial Instrument Liabilities, Net amounts presented in the balance sheet | 1,835,789 |
Financial Instrument Liabilities, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Financial Instruments | 0 |
Financial Instrument Liabilities, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Cash Collaterals Received | 1,223,847 |
Financial Instrument Liabilities, Total Net Amount | 611,942 |
Liabilities from financing of credit card purchases [member] | |
Disclosure Of Derivative Financial Asset And Liabilities Offsetting Arrangements [line items] | |
Financial Instrument Liabilities, Gross Amount | 36,894,587 |
Financial Instrument Liabilities, Net amounts presented in the balance sheet | 36,894,587 |
Financial Instrument Liabilities, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Financial Instruments | 0 |
Financial Instrument Liabilities, Amounts Subject to Master Netting Agreement Not Offset in the Financial Statements, Cash Collaterals Received | 3,042,254 |
Financial Instrument Liabilities, Total Net Amount | $ 33,852,333 |
Off-balance Sheet Items - Sched
Off-balance Sheet Items - Schedule of Credit Exposure (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of credit risk exposure [abstract] | |||
Agreed Commitments | $ 14,947,369 | $ 17,223,135 | $ 16,756,545 |
Export and Import Documentary Credits | 1,080,047 | 2,005,839 | 1,198,508 |
Guarantees Granted | 16,292,630 | 3,493,810 | 2,090,979 |
Responsibilities for Foreign Trade Transactions | $ 234,609 | $ 674,101 | $ 1,080,067 |
Off-balance Sheet Items - Sch_2
Off-balance Sheet Items - Schedule of Fees and Commissions Related to Credit Exposure (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of credit risk exposure [abstract] | ||
For Agreed Credits | $ 121,515 | $ 89,471 |
For Export and Import Documentary Credits | 68,882 | 31,459 |
For Guarantees Granted | $ 82,041 | $ 45,058 |
Off-balance Sheet Items - Sch_3
Off-balance Sheet Items - Schedule of Counter-guarantees, Classified by Type (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of credit risk exposure [abstract] | |||
Other Preferred Guarantees Received | $ 6,796,492 | $ 67,032 | $ 111,747 |
Other Guarantees Received | $ 296,362 | $ 471,506 | $ 445,115 |
Off-balance Sheet Items - Sch_4
Off-balance Sheet Items - Schedule of Credit Risk by Probability of Default (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of credit risk exposure [abstract] | |||
Checks and Drafts to be Debited | $ 3,448,362 | $ 3,110,534 | $ 3,710,115 |
Checks and Drafts to be Credited | 4,443,878 | 4,553,727 | 4,716,211 |
Values for Collection | $ 27,625,864 | $ 34,014,115 | $ 33,736,055 |
Off-balance Sheet Items - Sch_5
Off-balance Sheet Items - Schedule of Amounts of Trust Funds and Securities Held in Custody (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of credit risk exposure [abstract] | |||
Trust Funds | $ 5,868,530 | $ 13,165,493 | $ 15,077,049 |
Securities Held in Custody | $ 432,046,616 | $ 552,773,188 | $ 476,985,232 |
Transfer Of Financial Assets -
Transfer Of Financial Assets - Additional Information (Detail) - ARS ($) $ in Thousands | Jan. 01, 2017 | Dec. 31, 2018 | Dec. 31, 2017 |
Disclosure of transferred financial assets that are not derecognised in their entirety [abstract] | |||
Net allowances of sale of loan portfolio | $ 226,798 | $ 561,812 | $ 480,021 |
Cash received from sale of loan portfolio | $ 166,454 | $ 138,510 | $ 45,987 |
Non-controlling Interest - Summ
Non-controlling Interest - Summary of Non-controlling Equity Investment Percentages and Votes (Detail) | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Cobranzas Regionales S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Córdoba - Argentina | ||
Percentage of equity investments | 17.00% | 23.00% | 23.00% |
Galicia Broker Asesores de Seguros S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Autonomous City of Buenos Aires - Argentina | ||
Percentage of equity investments | 0.01% | 0.01% | 0.01% |
Galicia Retiro Compania de Seguros S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Autonomous City of Buenos Aires - Argentina | ||
Percentage of equity investments | 0.00% | 0.00% | 0.00% |
Galicia Seguros S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Autonomous City of Buenos Aires - Argentina | ||
Percentage of equity investments | 0.00% | 0.00% | 0.00% |
Galicia Valores S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Autonomous City of Buenos Aires - Argentina | ||
Percentage of equity investments | 0.09% | ||
Ondara S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Autonomous City of Buenos Aires - Argentina | ||
Percentage of equity investments | 16.15% | 21.85% | 21.85% |
Tarjetas del mar S.A.[member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Córdoba - Argentina | ||
Percentage of equity investments | 41.20% | ||
Tarjeta Naranja S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Córdoba - Argentina | ||
Percentage of equity investments | 17.00% | 23.00% | 23.00% |
Tarjetas Regionales S.A. [member] | |||
Disclosure of noncontrolling interests [line items] | |||
Place of Business | Autonomous City of Buenos Aires - Argentina | ||
Percentage of equity investments | 17.00% | 23.00% | 23.00% |
Non-controlling Interest - Su_2
Non-controlling Interest - Summary of Movements in Group's Significant Non-Controlling Interests (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | $ 2,953,480 | $ 2,719,570 |
Purchases/Sales | (770,472) | (97,559) |
Cash Dividends | (96,789) | (152,695) |
Share of Profit (Loss) for the Year | (363,685) | 484,164 |
Ending balance | 1,722,534 | 2,953,480 |
Cobranzas Regionales S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 13,281 | 13,751 |
Share of Profit (Loss) for the Year | (1,665) | (470) |
Ending balance | 11,616 | 13,281 |
Galicia Broker Asesores de Seguros S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 2 | 2 |
Ending balance | 2 | 2 |
Galicia Retiro Compania de Seguros S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 2 | 2 |
Ending balance | 2 | 2 |
Galicia Seguros S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 2 | 2 |
Ending balance | 2 | 2 |
Ondara S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 7,074 | 6,801 |
Cash Dividends | 52 | |
Share of Profit (Loss) for the Year | (1,081) | 273 |
Ending balance | 6,045 | 7,074 |
Tarjeta Naranja S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 2,716,440 | 2,371,252 |
Purchases/Sales | (770,472) | |
Cash Dividends | (137,432) | (159,604) |
Share of Profit (Loss) for the Year | (318,010) | 504,792 |
Ending balance | 1,490,526 | 2,716,440 |
Tarjetas Regionales S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 216,679 | 230,201 |
Cash Dividends | 40,591 | 6,909 |
Share of Profit (Loss) for the Year | (42,929) | (20,431) |
Ending balance | $ 214,341 | 216,679 |
Galicia Valores S.A. [member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 5,688 | |
Purchases/Sales | (5,688) | |
Tarjetas del mar S.A.[member] | ||
Disclosure Of Non Controlling Interests Movement [line items] | ||
Beginning balance | 91,871 | |
Purchases/Sales | $ (91,871) |
Related Party Transactions - Ad
Related Party Transactions - Additional Information (Detail) - ARS ($) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties abstract [abstract] | ||
Percentage of increase in notes of the group | 20.00% | |
Key management personnel compensation | $ 522,038 | $ 442,289 |
Related Party Transactions - Su
Related Party Transactions - Summary of Controlled Entity of Related Party Transactions (Detail) - Related parties [member] - EBA Holding S.A. [member] | 12 Months Ended |
Dec. 31, 2018 | |
Disclosure of related party transactions [line items] | |
Percentage of Voting Rights | 55.11% |
Principal Line of Business | Financial and Investment Operations |
Place of Business | Autonomous City of Buenos Aires - Argentina |
Equity Investment | 19.71% |
Related Party Disclosures - Com
Related Party Disclosures - Compensation of Key Management Personnel (Detail) - Individual | 12 Months Ended | |
Dec. 31, 2018 | Dec. 31, 2017 | |
Disclosure of transactions between related parties [line items] | ||
Key Management Personnel | 149 | 145 |
Directors [member] | ||
Disclosure of transactions between related parties [line items] | ||
Key Management Personnel | 67 | 67 |
General manager [member] | ||
Disclosure of transactions between related parties [line items] | ||
Key Management Personnel | 1 | 1 |
Division managers [member] | ||
Disclosure of transactions between related parties [line items] | ||
Key Management Personnel | 11 | 11 |
Department managers [member] | ||
Disclosure of transactions between related parties [line items] | ||
Key Management Personnel | 70 | 66 |
Related Party Transactions - _2
Related Party Transactions - Summary of Total Assistance Granted by Group to Key Personnel, Syndics, Majority Shareholders, as well as all Individuals (Detail) $ in Thousands | 12 Months Ended | |
Dec. 31, 2018ARS ($)RelatedParty | Dec. 31, 2017ARS ($)RelatedParty | |
Disclosure of related party transactions [line items] | ||
Total Amount of Credit Assistance | $ | $ 956,439 | $ 999,909 |
Number of Recipients (Amounts) | RelatedParty | 329 | 364 |
Average Amount of Credit Assistance | $ | $ 2,907 | $ 2,748 |
Maximum Assistance | $ | $ 362,713 | $ 288,089 |
Natural Persons [member] | ||
Disclosure of related party transactions [line items] | ||
Number of Recipients (Amounts) | RelatedParty | 269 | 299 |
Entities / Corps. [member] | ||
Disclosure of related party transactions [line items] | ||
Number of Recipients (Amounts) | RelatedParty | 60 | 65 |
Related Party Transactions - _3
Related Party Transactions - Summary of Amounts of Related Party Transactions (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Assets | |||
Cash and Due from Banks | $ 143,309,428 | $ 87,044,881 | $ 121,183,979 |
Debt Securities at fair value through profit or loss | 75,935,163 | 42,747,797 | 28,817,744 |
Derivative Financial Instruments | 1,785,640 | 775,674 | 229,436 |
Other Financial Assets | 9,047,932 | 10,339,256 | 6,719,581 |
Loans and Other Financing | 282,710,068 | 284,354,759 | 245,703,421 |
Other Debt Securities | 14,424,134 | 4,182,537 | 3,183,852 |
Total Assets | 569,691,898 | 489,641,114 | 450,614,394 |
Liabilities | |||
Derivative Financial Instruments | 1,835,789 | 846,331 | 290,384 |
Other Financial Liabilities | 63,235,042 | 55,350,799 | 57,094,776 |
Loans from the Argentine Central Bank and Other Financial Institutions | 19,446,028 | 11,618,302 | 12,717,145 |
Debt Securities Issued | 29,983,653 | 20,279,165 | 21,848,460 |
Liabilities for Insurance Contracts | 1,103,220 | 1,195,647 | 1,154,162 |
Other Non-financial Liabilities | 11,471,530 | 21,142,454 | 18,525,957 |
Total Liabilities | 507,844,212 | 422,162,798 | 404,941,516 |
Income (Loss) | |||
Net Income (Loss) from Instruments Measured at Fair Value through | 17,352,718 | 8,461,338 | |
Underwriting Income from Insurance Business | 2,869,319 | 3,314,912 | |
Other Operating Income (Expense) | 11,571,913 | 8,996,632 | |
Other Operating Expenses | 16,899,065 | 14,605,226 | |
Operating Income | 3,374,450 | 14,597,357 | |
Related parties [member] | |||
Assets | |||
Cash and Due from Banks | 252,651 | 197,441 | 465,569 |
Debt Securities at fair value through profit or loss | 141,610 | 264,821 | 1,399,877 |
Derivative Financial Instruments | 17,183 | ||
Other Financial Assets | 58,999 | 285,189 | 1,162,427 |
Loans and Other Financing | 3,111,291 | 797,000 | 1,587,429 |
Other Debt Securities | 131,767 | 76,305 | |
Other Non-financial Assets | (5) | 6,539 | (85,185) |
Total Assets | 3,696,313 | 1,644,478 | 4,530,117 |
Liabilities | |||
Deposits | 1,348,503 | 229,612 | 482,911 |
Derivative Financial Instruments | 17,183 | 200,917 | |
Other Financial Liabilities | 1,197,643 | 696,125 | 874,669 |
Loans from the Argentine Central Bank and Other Financial Institutions | 699 | 355,045 | |
Debt Securities Issued | 523,372 | 341,125 | 1,375,576 |
Liabilities for Insurance Contracts | 43,295 | 34,704 | 75,273 |
Other Non-financial Liabilities | 26,827 | (689,233) | 223,599 |
Total Liabilities | 3,139,640 | 630,215 | $ 3,587,990 |
Income (Loss) | |||
Net Income (Loss) from Interest | 27,975 | 42,461 | |
Net Fee Income (Expense) | (1,166,922) | (43,012) | |
Net Income (Loss) from Instruments Measured at Fair Value through | 5,313 | ||
Underwriting Income from Insurance Business | 1,257,000 | 1,602,674 | |
Other Operating Income (Expense) | 149,803 | (1,588,821) | |
Administrative Expenses | (30,983) | 29,072 | |
Other Operating Expenses | 105 | ||
Operating Income | $ 236,873 | $ 47,792 |
Acquisition of Debt Securitie_2
Acquisition of Debt Securities Under Section 35 BIS of Financial Institutions Law - Additional Information (Detail) $ in Thousands | Dec. 31, 2018ARS ($) |
Financial liabilities at amortised cost, class [member] | Other debt securities [member] | |
Disclosure of acquisition of debt securities [line items] | |
Debt securities measured at amortized cost | $ 74,775 |
Additional Information Requir_3
Additional Information Required by the Argentine Central Bank - Additional Information (Detail) - ARS ($) shares in Thousands, $ in Thousands | Mar. 01, 2019 | Dec. 31, 2018 |
Disclosure of additional information [line items] | ||
Percentage of monthly contribution to deposit insurance fund | 0.015% | |
Garantizar SGRs risk fund [member] | ||
Disclosure of additional information [line items] | ||
Number of years contribution made to the fund | 2 years | |
Electrigal SA [member] | ||
Disclosure of additional information [line items] | ||
Equity investments, shares | 1,222,406 | |
Net insurance contracts [member] | ||
Disclosure of additional information [line items] | ||
Insurance system to demand deposits and time deposits limits | $ 1,000 |
Additional Information Requir_4
Additional Information Required by the Argentine Central Bank - Cash and Government Securities (Detail) - Banco De Galicia Y Buenos Aires S.A.U. [member] - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of restricted assets [line items] | |||
For transactions carried out at RO.F.EX. | $ 379,006 | $ 345,717 | $ 782,773 |
For repo transactions haircuts | 584,631 | 185,799 | 336,918 |
For debit / credit cards transactions | 2,151,565 | 1,748,680 | 1,370,107 |
For attachments | 211 | 326 | 188 |
Liquidity required to conduct transactions as agents at the C.N.V. | 20,410 | 25,233 | 33,752 |
For the contribution to the M.A.E.' s Joint Guarantee Fund (Fondo de Garantía Mancomunada) | 260,210 | 20,970 | 20,016 |
Collaterals of Inter-American Development Bank's credit lines | 85,067 | ||
Guarantees under the Regional Economies Competitiveness Program (PROCER, as per its initials in Spanish) | 165,665 | 301,965 | 279,224 |
For other transactions | $ 11,953 | $ 11,524 | $ 10,928 |
Additional Information Requir_5
Additional Information Required by the Argentine Central Bank - Special Guarantees Accounts (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Argentine Central Bank [member] | |||
Disclosure of restricted assets [line items] | |||
Special Guarantees Accounts | $ 5,188,169 | $ 5,329,804 | $ 4,285,315 |
Additional Information Requir_6
Additional Information Required by the Argentine Central Bank - Deposits in favor of the Argentine Central Bank (Detail) - Argentine Central Bank [member] - USD ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of restricted assets [line items] | |||
Unavailable deposits related to foreign exchange transactions | $ 533 | $ 787 | $ 982 |
For custody and registrar agent of book-entry mortgage securities | 4,164 | ||
Custody role of securities representing the investments in ANSES's Sustainability Guarantee Fund (FGS, as per its initials in Spanish). | $ 868,336 |
Additional Information Requir_7
Additional Information Required by the Argentine Central Bank - Contributions to Garantizar S.G.R.'s Risk Fund (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Garantizar SGRs risk fund [member] | Banco De Galicia Y Buenos Aires S.A.U. [member] | |||
Disclosure of restricted assets [line items] | |||
Contributions to the Fund | $ 390,000 | $ 224,421 | $ 184,255 |
Additional Information Requir_8
Additional Information Required by the Argentine Central Bank - Guarantees Granted for Direct Obligations (Detail) - Banco De Galicia Y Buenos Aires S.A.U. [member] - ARS ($) $ in Thousands | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of restricted assets [line items] | ||
PROPARCO's credit lines | $ 58,661 | $ 91,486 |
Credit Program granted to the province of San Juan | $ 75,211 | 60,316 |
Global Credit Program for the Micro-, Small- and Medium-sized Companies | 11,763 | |
FMO's credit lines | $ 33,109 |
Additional Information Requir_9
Additional Information Required by the Argentine Central Bank - Financial Assets as Collateral for Loans Borrowed as First Pledges (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of restricted assets [line items] | |||
Total Restricted Assets | $ 18,348,669 | $ 12,849,347 | $ 10,728,622 |
Banco Galicia Valores SA [member] | |||
Disclosure of restricted assets [line items] | |||
Liquidity required to conduct transactions as agents at the C.N.V. | 9,568 | 6,792 | 7,232 |
Share of Mercado de Valores de Buenos Aires | 3,961 | ||
Tarjeta Naranja S.A. [member] | |||
Disclosure of restricted assets [line items] | |||
Attachments in connection with lawsuits | 1,803 | 1,688 | 521 |
Guarantees related to lease agreements | 4,993 | 6,870 | 7,593 |
For transactions carried out at RO.F.EX. | 216,577 | ||
Galicia Administradora de Fondos S.A [member] | |||
Disclosure of restricted assets [line items] | |||
Guarantees related to lease agreements | $ 9,094,885 | $ 4,504,899 | 2,118,935 |
Tarjetas del mar S.A.[member] | |||
Disclosure of restricted assets [line items] | |||
Guarantees related to lease agreements | $ 171 |
Additional Information Requi_10
Additional Information Required by the Argentine Central Bank - Additional Information 2 (Detail) $ in Thousands, $ in Thousands | Nov. 09, 2018ARS ($) | Jan. 01, 2017USD ($)shares | Feb. 25, 2010ARS ($) | Dec. 31, 2018USD ($)shares | Dec. 31, 2017ARS ($)shares | Dec. 31, 2018ARS ($) | Dec. 31, 2017USD ($) | Dec. 31, 2017ARS ($) | Jan. 01, 2017ARS ($) |
Disclosure of additional information [line items] | |||||||||
Participation certificates and debt securities of financial securities held | $ 6,301,550 | $ 3,374,285 | $ 1,819,850 | ||||||
Instruments held in custody | $ 432,046,616 | 552,773,188 | 476,985,232 | ||||||
Fines and penalties | $ 63 | ||||||||
Percentage of regulatory capital | 2.50% | 2.50% | |||||||
Percentage of individual computable regulatory capital | 1.00% | ||||||||
Banco Galicia Valores SA [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Minimum equity requirement act as agent | $ 3,500 | ||||||||
Minimum liquidity requirement | 1,750 | ||||||||
Caja de Valores [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Instruments held in custody | 20,410 | ||||||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Balances recorded from activities as security agent | $ 408 | $ 1,364,097 | $ 1,364,097 | ||||||
Minimum equity requirement act as agent | 32,000 | ||||||||
Minimum liquidity requirement | 16,000 | ||||||||
Instruments held in custody | 60,431,318 | 100,358,508 | 68,796,939 | ||||||
Securities held in custody in units | shares | 7,777,368,861 | 9,623,110,829 | 10,254,289,765 | ||||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | Fiduciary Assignment and Trust for Guarantees [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Balances recorded from activities as security agent | $ 116,500 | $ 116,500 | $ 116,500 | ||||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | Top of range [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Percentage of equity interest | 12.50% | ||||||||
Banco De Galicia Y Buenos Aires S.A.U. [member] | Chattel mortgage agreement [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Balances recorded from activities as security agent | 5,042,730 | 3,406,706 | 1,866,441 | ||||||
Banco Galicia [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Minimum liquidity requirement | $ 70 | ||||||||
Legal reserve | 20.00% | ||||||||
Percentage of profit shown in income statement | 20.00% | ||||||||
Argentine Central Bank [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Fines and penalties | $ 1,497 | $ 4,483 | |||||||
Provision | $ 5,306 | $ 7,357 | $ 10,134 | ||||||
Minimum capital requirement | 3.50% | ||||||||
Grupo Financiero Galicia SA [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Percentage of net income transferred | 5.00% | ||||||||
Legal reserve | 20.00% | ||||||||
Tarjeta Naranja S.A. [member] | |||||||||
Disclosure of additional information [line items] | |||||||||
Description of dividend | Tarjeta Naranja S.A.'s Ordinary and Extraordinary Shareholders' Meeting held on March 16, 2006 decided to set the maximum limit for the distribution of dividends at 25% of the realized and liquid profits of each fiscal year. This restriction shall remain in force as long as the company's Shareholders' Equity is below $300,000. | ||||||||
Minimum capital requirement | 50.00% |
Additional Information Requi_11
Additional Information Required by the Argentine Central Bank - Summary of Fiduciary Property Breakdown (Detail) - Trust [member] - Banco De Galicia Y Buenos Aires S.A.U. [member] $ in Thousands | 12 Months Ended |
Dec. 31, 2018ARS ($) | |
Disclosure of trust activities [line items] | |
Balances of Trust Funds | $ 8,021 |
Exxon mobil [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Apr. 17, 2012 |
Trustor | Exxon Mobil |
Balances of Trust Funds | $ 5,310 |
Maturity Date | Apr. 19, 2019 |
Profertil [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Apr. 29, 2013 |
Trustor | Profertil |
Balances of Trust Funds | $ 28 |
Maturity Date | Dec. 31, 2018 |
Coop de trab portuarios [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Sep. 12, 2014 |
Trustor | Coop. de Trab. Portuarios |
Balances of Trust Funds | $ 1,033 |
Maturity Date | Sep. 12, 2020 |
Rios belt [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Apr. 14, 2016 |
Trustor | Rios Belt |
Balances of Trust Funds | $ 198 |
Maturity Date | Apr. 14, 2019 |
MSU [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | May 24, 2017 |
Trustor | MSU |
Balances of Trust Funds | $ 130 |
Maturity Date | Jul. 29, 2020 |
SACDE [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 22, 2017 |
Trustor | SACDE |
Balances of Trust Funds | $ 1 |
Maturity Date | Jun. 22, 2020 |
Dist gas del centro [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 28, 2017 |
Trustor | Dist. Gas del Centro |
Balances of Trust Funds | $ 258 |
Maturity Date | Dec. 31, 2018 |
Dist. gas cuyana [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jul. 19, 2017 |
Trustor | Dist. Gas Cuyana |
Balances of Trust Funds | $ 568 |
Maturity Date | Dec. 31, 2018 |
Dist gas del centro [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Aug. 8, 2017 |
Trustor | Dist. Gas del Centro |
Balances of Trust Funds | $ 495 |
Maturity Date | Dec. 31, 2018 |
Additional Information Requi_12
Additional Information Required by the Argentine Central Bank - Summary of Financial Trust Contracts (Detail) - Financial trust contract [member] - Financial guarantee contracts [member] - Banco De Galicia Y Buenos Aires S.A.U. [member] $ in Thousands | 12 Months Ended |
Dec. 31, 2018ARS ($) | |
Gas I [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 6, 2012 |
Trust | Gas I |
Balances of Trust Funds | $ 65,484 |
Maturity Date | Dec. 31, 2018 |
Gas II [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | May 14, 2009 |
Trust | Gas II |
Balances of Trust Funds | $ 5,545,230 |
Maturity Date | Dec. 31, 2022 |
Cag S.A. [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Feb. 10, 2011 |
Trust | Cag S.A. |
Balances of Trust Funds | $ 421 |
Maturity Date | Dec. 31, 2018 |
Mila III [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 8, 2011 |
Trust | Mila III |
Balances of Trust Funds | $ 6,367 |
Maturity Date | Dec. 31, 2018 |
Mila IV [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Sep. 1, 2011 |
Trust | Mila IV |
Balances of Trust Funds | $ 893 |
Maturity Date | Dec. 31, 2018 |
Cag S.A. II [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Sep. 14, 2011 |
Trust | Cag S.A. II |
Balances of Trust Funds | $ 638 |
Maturity Date | Dec. 31, 2018 |
Mila V [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Feb. 13, 2014 |
Trust | Mila V |
Balances of Trust Funds | $ 1,212 |
Maturity Date | May 20, 2020 |
Mila VI [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 6, 2014 |
Trust | Mila VI |
Balances of Trust Funds | $ 831 |
Maturity Date | Oct. 20, 2020 |
Red surcos II [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 18, 2014 |
Trust | Red Surcos II |
Balances of Trust Funds | $ 1,354 |
Maturity Date | Dec. 31, 2018 |
Mila VII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Oct. 3, 2014 |
Trust | Mila VII |
Balances of Trust Funds | $ 1,087 |
Maturity Date | Jan. 20, 2021 |
Red surcos III [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jan. 13, 2015 |
Trust | Red Surcos III |
Balances of Trust Funds | $ 766 |
Maturity Date | Dec. 31, 2018 |
Mila VIII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jan. 27, 2015 |
Trust | Mila VIII |
Balances of Trust Funds | $ 4,417 |
Maturity Date | Jun. 15, 2021 |
Mila IX [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | May 18, 2015 |
Trust | Mila IX |
Balances of Trust Funds | $ 4,074 |
Maturity Date | Sep. 15, 2021 |
Mila X [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Aug. 24, 2015 |
Trust | Mila X |
Balances of Trust Funds | $ 4,956 |
Maturity Date | Dec. 20, 2021 |
Mila XI [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Oct. 30, 2015 |
Trust | Mila XI |
Balances of Trust Funds | $ 6,073 |
Maturity Date | Jan. 15, 2022 |
Mila XII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jan. 14, 2016 |
Trust | Mila XII |
Balances of Trust Funds | $ 8,177 |
Maturity Date | Nov. 15, 2021 |
Red surcos IV [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Feb. 5, 2016 |
Trust | Red Surcos IV |
Balances of Trust Funds | $ 900 |
Maturity Date | Dec. 31, 2018 |
Mila XIII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | May 13, 2016 |
Trust | Mila XIII |
Balances of Trust Funds | $ 15,685 |
Maturity Date | Sep. 15, 2022 |
Mila XIV [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Sep. 1, 2016 |
Trust | Mila XIV |
Balances of Trust Funds | $ 17,252 |
Maturity Date | Jan. 31, 2023 |
Mila XV [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Oct. 27, 2016 |
Trust | Mila XV |
Balances of Trust Funds | $ 23,714 |
Maturity Date | Mar. 31, 2023 |
Mila XVI [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jan. 10, 2017 |
Trust | Mila XVI |
Balances of Trust Funds | $ 32,047 |
Maturity Date | Jun. 30, 2023 |
Mila XVII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Feb. 24, 2017 |
Trust | Mila XVII |
Balances of Trust Funds | $ 52,113 |
Maturity Date | Sep. 30, 2023 |
Fedeicred agro series IV [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | May 29, 2017 |
Trust | Fedeicred Agro Series IV |
Balances of Trust Funds | $ 121 |
Maturity Date | Dec. 31, 2018 |
Mila XVIII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 12, 2017 |
Trust | Mila XVIII |
Balances of Trust Funds | $ 62,932 |
Maturity Date | Jan. 31, 2024 |
Mas Cuotas Series VIII [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Jun. 21, 2017 |
Trust | Mas Cuotas Series VIII |
Balances of Trust Funds | $ 743 |
Maturity Date | Dec. 31, 2018 |
Mas cuotas series IX [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Aug. 16, 2017 |
Trust | Mas Cuotas Series IX |
Balances of Trust Funds | $ 251 |
Maturity Date | Dec. 31, 2018 |
Mas cuotas series X [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Oct. 20, 2017 |
Trust | Mas Cuotas Series X |
Balances of Trust Funds | $ 2,233 |
Maturity Date | Oct. 15, 2018 |
Mila XIX [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Oct. 27, 2017 |
Trust | Mila XIX |
Balances of Trust Funds | $ 450 |
Maturity Date | May 31, 2024 |
Mila XX [member] | |
Disclosure of trust activities [line items] | |
Date of Contract | Feb. 16, 2018 |
Trust | Mila XX |
Balances of Trust Funds | $ 88 |
Maturity Date | Sep. 30, 2024 |
Additional Information Requi_13
Additional Information Required by the Argentine Central Bank - Summary of Balances of the Mutual Funds (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Disclosure of mutual funds portfolio [line items] | |||
Total | $ 432,046,616 | $ 552,773,188 | $ 476,985,232 |
Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 60,431,318 | 100,358,507 | 68,796,941 |
FIMA Acciones [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 328,125 | 609,485 | 217,062 |
FIMA P.B. Acciones [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 718,431 | 1,688,067 | 562,550 |
FIMA Renta en pesos [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 245,333 | 776,359 | 440,492 |
FIMA Ahorro pesos [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 9,891,974 | 30,744,494 | 29,398,557 |
FIMA Renta Plus [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 145,308 | 546,213 | 455,650 |
FIMA Premium [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 29,475,771 | 14,909,786 | 13,137,998 |
FIMA Ahorro Plus [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 9,967,609 | 25,452,146 | 18,784,320 |
FIMA Capital Plus [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 205,069 | 559,840 | 1,035,146 |
FIMA Abierto PyMES [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 312,788 | 390,089 | 344,786 |
FIMA Mix I [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 6,686 | 243,453 | 279,123 |
FIMA Renta Dolares I [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 7,373,261 | 18,284,933 | 4,137,019 |
FIMA Renta Dolares II [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 1,554,263 | $ 6,153,642 | $ 4,238 |
FIMA Renta Fija Internacional [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | 193,618 | ||
FIMA Acciones Latinoamericanas Dolares [member] | Mutual funds [member] | |||
Disclosure of mutual funds portfolio [line items] | |||
Total | $ 13,082 |
Additional Information Requi_14
Additional Information Required by the Argentine Central Bank - Summary of Compliance with Minimum Cash Requirements (Detail) - Dec. 31, 2018 $ in Thousands, $ in Thousands | USD ($) | ARS ($) |
Argentina, Pesos [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | $ 74,401,427 | |
Minimum balance kept as government securities | 1,032,796 | |
U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | $ 1,795,187 | |
Minimum balance kept as government securities | 364 | |
Euro [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 15 | |
Checking Accounts at Argentine Central Bank [member] | Argentina, Pesos [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 40,110,751 | |
Checking Accounts at Argentine Central Bank [member] | U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 1,783,087 | 67,415,488 |
Checking Accounts at Argentine Central Bank [member] | Euro [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 15 | 580 |
Special Guarantees Accounts at Argentine Central Bank[member] | Argentina, Pesos [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 4,730,689 | |
Special Guarantees Accounts at Argentine Central Bank[member] | U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 12,100 | 457,480 |
Argentine Treasury Bonds [member] | Argentina, Pesos [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 8,755,174 | |
Liquidity bills [member] | Argentina, Pesos [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 20,804,813 | |
Government Securities and Debt Instruments Issued by Argentine Central Bank [member] | Argentina, Pesos [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum balance kept as government securities | 1,032,796 | |
Government Securities and Debt Instruments Issued by Argentine Central Bank [member] | U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum balance kept as government securities | $ 364 | $ 13,876 |
Additional Information Requi_15
Additional Information Required by the Argentine Central Bank - Summary of Compliance with Minimum Cash Requirements (Parenthetical) (Detail) - Dec. 31, 2018 $ in Thousands, $ in Thousands | USD ($) | ARS ($) |
U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | $ 1,795,187 | |
Minimum balance kept as government securities | 364 | |
Euro [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 15 | |
Checking Accounts at Argentine Central Bank [member] | U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 1,783,087 | $ 67,415,488 |
Checking Accounts at Argentine Central Bank [member] | Euro [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 15 | 580 |
Special Guarantees Accounts at Argentine Central Bank[member] | U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum cash requirements at bank | 12,100 | 457,480 |
Government Securities and Debt Instruments Issued by Argentine Central Bank [member] | U.S. Dollar [member] | ||
Disclosure of accounts showing compliance with minimum cash requirements [line items] | ||
Minimum balance kept as government securities | $ 364 | $ 13,876 |
Additional Information Requi_16
Additional Information Required by the Argentine Central Bank - Schedule of Shareholders' Equity (Detail) - ARS ($) $ in Thousands | Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 |
Share Capital | $ 1,426,765 | $ 1,426,765 | $ 1,300,265 |
Additional paid in Capital | 22,479,149 | $ 22,479,149 | $ 16,354,236 |
Argentine Central Bank [member] | |||
Share Capital | 1,426,765 | ||
Additional paid in Capital | 10,951,132 | ||
Adjustments to Shareholders' equity | 278,131 | ||
Legal reserve | 340,979 | ||
Distribuitable reserves | 25,103,198 | ||
Non distributable reserves | 2,770,380 | ||
Profit for the year | 14,427,034 | ||
Total Shareholder's equity under the rules of the Argentine Central Bank | $ 55,297,619 |
Additional Information Requi_17
Additional Information Required by the Argentine Central Bank - Schedule of Plan for Distribution of Profit (Detail) $ in Thousands | Dec. 31, 2018ARS ($) |
Distribution of profits [abstract] | |
Unappropriated Retained Income | $ 42,357,973 |
To Special Reserve "First-time Application of IFRS" | 2,827,741 |
Subtotal | 39,530,232 |
Distributable Amount | 39,530,232 |
Distributed Income | |
To Discretionary Reserve | 12,427,034 |
To Cash Dividends | 2,000,000 |
To Common Shares (140.1773% of $1,426,765) | 2,000,000 |
Unappropriated Retained Income | $ 37,530,232 |
Additional Information Requi_18
Additional Information Required by the Argentine Central Bank - Schedule of Plan for Distribution of Profit (Parenthetical) (Detail) - ARS ($) $ in Thousands | 12 Months Ended | ||
Dec. 31, 2018 | Dec. 31, 2017 | Jan. 01, 2017 | |
Distribution of profits [abstract] | |||
Share Capital | $ 1,426,765 | $ 1,426,765 | $ 1,300,265 |
Percentage of share capital | 140.1773% |
Subsequent Events - Additional
Subsequent Events - Additional Information (Detail) - Major ordinary share transactions [member] $ in Thousands | Feb. 01, 2019USD ($) | Jan. 21, 2019$ / sharesshares | Dec. 31, 2018shares |
Banco Galicia [member] | |||
Disclosure of Events After Reporting Period [line items] | |||
Estimated total share price of transaction | $ 63,073 | ||
Deferred share price | $ 43,185 | ||
Number of shares hold by shareholders | shares | 3,057,642 | ||
Percentage of capital stock | 7.3988% | ||
Banco Galicia [member] | Argentina, Pesos [member] | |||
Disclosure of Events After Reporting Period [line items] | |||
Currency rate | 30.00% | ||
Annual currency rate | 15.00% | ||
Banco Galicia [member] | U.S. Dollar [member] | |||
Disclosure of Events After Reporting Period [line items] | |||
Currency rate | 70.00% | ||
Annual currency rate | 10.00% | ||
AI Zenith [member] | |||
Disclosure of Events After Reporting Period [line items] | |||
Face value per share | $ / shares | $ 1 | ||
Percentage of voting equity interest acquired | 7.7007% | ||
Number of common shares sold | shares | 3,182,444 | ||
Estimated total share price of transaction | $ 106,258 |