He Central Bank of the Argentine Republic (BCRA) presented its financial statements corresponding to the 2024 exercise, and highlighted “significant advances in the sanitation of their balance sheet and strengthening of its net assets.”
As for the Reference exchange rate Communication to 3500 It amounted to $ 1,032.50 at the end of 2024, representing a variation of 27.7% compared to the closing of exercise 2023 ($ 808.48).
In turn, the result of exercise 2024 reflected A $ 19.4 gain And, they announced, which was reversed by reversing the loss of $ 9.4 bn recorded in the previous year. “This performance allowed net equity to reach $ 23.4 BN at the end of the year, which meant an increase of 484% compared to the previous year,” they said from the BCRA.
According to the entity, the improvement in the results corresponds to the fact that there are higher income from public titles due to the best market price of instruments in portfolio; and lower interest expenses for the cancellation of paid liabilities (Leliq).
As for assets They amounted to 2024 to $ 116.7 bnwhich represents a 46% decrease compared to the re -expressed figure of 2023.
This variation corresponds to the decrease in the balance of public securities due to the exchange with the Treasury by fiscal liquidity letters (LEFI) and the least intervention in real terms of the BCRA in the subscription of treasure bonds; and the significant decline of rights due to passing operations for the suspension of this operation as an instrument of liquidity administration of the banking system.
Besides, International reserves presented a 28% increase in dollars in dollarswhile expressed in pesos have a 25% decrease compared to the re -expressed figures of the previous year.
The liability amounted to $ 93.2 bn at the end of 2024, which represents A 56% decrease Compared to the 2023 re -expressed figure.
The main causes of the decrease correspond to a decrease in the titles issued by the BCRA by the cancellation of the instruments called Leliq; decrease in passing obligations for the suspension of this operation as an instrument of liquidity administration of the banking system (counterpart of the asset); and the cancellation of the credit ease maintained with the Bank of International Payments (BIS).
“These decreases were partially compensated by: Increased national government deposits; and increased monetary base,” they clarified from the BCRA.
Additionally, during July 2024, the BCRA and Financial entities agreed to terminate Liquidity Options contracts issued on certain public titles of the National State. Which generated a reduction a contingent liabilities for the BCRA to $ 5.7 BN as of December 31 of last year (against $ 26.7 bn to the same day but from 2023 expressed in homogeneous currency).
Clean up the BCRA roadmap
On the other hand, they also reported that, “when dealing with the exercise, the Board of Directors decided to recompose the capital levels and reserves of the net worth prior to the loss of exercise 2023, affecting the sum of $ 7.7 bn and completely compensating the effects of the losses caused by the value of its assets under current accounting criteria. The remaining sum of results for $ 11.7 bn is made available to the national government as it is made 38 of the Organic Charter “.
During the 2025 exercise, the BCRA announced that they will seek to continue sanitizing its balance sheet through the “improvement of the quality of its assets, so that they allow it to have effective tools to pursue the objectives established in its Organic Charter.”
Source: Ambito
