Grupo Supervielle Reports 2Q22 Results
Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (Supervielle or the Company) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and six-months period ended June 30, 2022.
- Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (Supervielle or the Company) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and six-months period ended June 30, 2022.
- Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (IAS 29) as established by the Central Bank.
- Excluding non-recurring severance charges, Supervielle would have delivered net loss of AR$1.2 billion in 2Q22, with adjusted ROAE in real terms at approximately negative 6.8%, compared to 2.9% in previous quarter.
- 2Q22 Tier 1 Capital Ratio evolution reflects the growth of loan portfolio above inflation and impact of net results.