Jules Supervielle

Grupo Supervielle Reports 3Q23 Results

Retrieved on: 
Monday, November 27, 2023

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 nine-months period ended September 30, 2023.

Key Points: 
  • 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 nine-months period ended September 30, 2023.
  • 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.
  • Commenting on third quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We are pleased to report another quarter with improved profitability and ROAE reaching 18.5% in real terms.
  • On an accumulated basis, we delivered solid results, with ROE in real terms improving to 13% from negative 5% in the year-ago period.

Grupo Supervielle Reports 2Q23 Results

Retrieved on: 
Wednesday, August 23, 2023

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, 2023.

Key Points: 
  • 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, 2023.
  • 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.
  • Commenting on second quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We delivered positive ROAE improving to 17.6% in real terms as we continue executing on our strategic plan and progressing on our path to profitability while at the same time navigating a complex macroeconomic and political environment.
  • Net loan loss provisions amounted to AR$2.6 billion in 2Q23 compared to AR$3.5 billion in 1Q23 and AR$5.5 billion in 2Q22.

Grupo Supervielle Reports 1Q23 Results

Retrieved on: 
Monday, May 22, 2023

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-months period ended March 31, 2023.

Key Points: 
  • 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-months period ended March 31, 2023.
  • 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.
  • Commenting on first quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We started the year delivering ROE of 2% in real terms in the quarter, despite the increasingly challenging macroeconomic and political environment and on track to return to profitability.
  • On the sustainability front, we are pleased to have recently published our first integrated report, as compared to standalone reports in prior years.

Grupo Supervielle Reports 4Q22 Results

Retrieved on: 
Monday, March 13, 2023

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 twelve-months period ended December 31, 2022.

Key Points: 
  • 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 twelve-months period ended December 31, 2022.
  • Commenting on fourth quarter and year-end 2022 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “This was a transformational year for our Company and we remain on track to achieve positive ROE by the close of 2Q23.
  • As planned, we completed the integration of our consumer finance client base and back-office into Banco Supervielle during 4Q22, and fully merged this business into the Bank.
  • Excluding one-time impact from IUDU's merger and accelerated severance, Supervielle would have delivered a net profit of AR$390 million in 4Q22.

Grupo Supervielle Reports 3Q22 Results

Retrieved on: 
Wednesday, November 9, 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 nine-months period ended September 30, 2022.

Key Points: 
  • 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 nine-months period ended September 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.
  • Grupo Supervielle remains fully focused on successful execution of our transformational strategy.
  • Attributable Net loss of AR$562.4 million in 3Q22, compared to net losses of AR$316.1 million in 3Q21 and AR$2.1 billion in 2Q22.

Grupo Supervielle Reports 2Q22 Results

Retrieved on: 
Wednesday, August 17, 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.

Key Points: 
  • 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.

Supervielle Announces a Program for the Repurchase of Own Shares

Retrieved on: 
Thursday, July 21, 2022

The repurchase of shares represents the continued confidence and the conviction of the Board of Directors and management in the execution of our strategic priorities and in the valuation of the Company.

Key Points: 
  • The repurchase of shares represents the continued confidence and the conviction of the Board of Directors and management in the execution of our strategic priorities and in the valuation of the Company.
  • It is noted that today the Company has the liquidity necessary to perform the own shares acquisition program and that an adequate level of solvency would be maintained after carrying out the transaction.
  • The shares in portfolio shall never surpass, as a whole, the limit of 10% of Grupo Supervielle's capital stock.
  • In accordance with article 64 of Law 26,831, the shares to be acquired are fully paid-in.

Grupo Supervielle Reports 1Q22 Results

Retrieved on: 
Monday, May 16, 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-month period ended March 31, 2022.

Key Points: 
  • 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-month period ended March 31, 2022.
  • Commenting on first quarter 2022 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted:
    We delivered a 90 basis point sequential increase in net interest margin during the first quarter, reflecting mainly higher yields for both our loan book and Central Bank securities held in our investment portfolio.
  • At IUD, results were affected by higher inflation and loan loss provisions coupled with a deep reduction in personnel.
  • Excluding non-recurring severance charges, Supervielle would have delivered net income of AR$445.6 million in 1Q22, with adjusted ROAE in real terms at approximately 2.9%, compared to 0% in previous quarter.

Grupo Supervielle Reports 4Q21 Results

Retrieved on: 
Wednesday, March 2, 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 twelve-month periods ended December 31, 2021.

Key Points: 
  • 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 twelve-month periods ended December 31, 2021.
  • 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.
  • This report also includes Managerial figures which exclude the IAS29 adjustment for 4Q21, 3Q21, 2Q21, 1Q21 and 4Q20
    Commenting on fourth quarter 2021 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted:
    During 2021 we made significant strides across the Company toward achieving our strategic goals.
  • Loan loss provisions, net, which includes reversed provisions, amounted to AR$1.3 billion in 4Q21 compared to AR$1.3 billion in 3Q21, flat QoQ.

Grupo Supervielle Reports 3Q21 Results

Retrieved on: 
Wednesday, November 17, 2021

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 nine-month periods ended September 30, 2021.

Key Points: 
  • 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 nine-month periods ended September 30, 2021.
  • 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.
  • This report also includes Managerial figures which exclude the IAS29 adjustment for 3Q21, 2Q21, 1Q21, 4Q20 and 3Q20.
  • In this context, we remain fully focused on executing on our value-creation transformation strategy across Grupo Supervielle, accelerating our strategic initiatives to capture efficiencies, diversifying revenue sources beyond Argentina, and enhancing our service model.