NYSE:SUPV

Grupo Supervielle announces filing of the 2023 Annual Report on Form 20-F

Retrieved on: 
Friday, April 26, 2024
Professional Services, Insurance, Finance, Fintech, Asset Management, Banking, Public sector, BCRA, International, Republic, Form, Central bank, Bank statement, Annual report

GRUPO SUPERVIELLE S.A. (NYSE: SUPV) (“the Company”) announced that on April 26, 2024, the Company filed its annual report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • GRUPO SUPERVIELLE S.A. (NYSE: SUPV) (“the Company”) announced that on April 26, 2024, the Company filed its annual report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”).
  • Notwithstanding the foregoing, the Company’s financial statements filed with the SEC have been presented under IFRS without exceptions, given that no partial adoption of IFRS is permitted.
  • The Company’s financial statements filed with the SEC present significant differences with respect to the Company’s financial statements issued under the BCRA standards.
  • In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at http://www.gruposupervielle.com .

Grupo Supervielle Reports 4Q23 Results

Retrieved on: 
Wednesday, March 6, 2024
Banking, Professional Services, Insurance, Finance, Social support, Repurchase agreement, NPS, International trade, Coverage, Mining, Central bank, Annual report, Growth, Tier 1 capital, Sale, Disclosure, ESG, Government, ROE, Net income, Yoy, Central Bank of Myanmar, The Rev, Asset, SME, Quarter, Risk-weighted asset, Common equity, BYMA, IOL, QR, NPL, NIM, Bank

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, 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 twelve-months period ended December 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 fourth quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We closed the year with a strong quarter delivering record high ROAE of 27% in real terms, even as we navigate a complex macro and political environment characterized by high inflation, market volatility, and weak loan demand.
  • The total NPL ratio was 1.2% in 4Q23 improving 230 and 50 bps from 3.5% in 4Q22 and 1.7% in 3Q23, respectively.

Grupo Supervielle Reports 3Q23 Results

Retrieved on: 
Monday, November 27, 2023
Professional Services, Finance, Sale, Repurchase agreement, Futures contract, NPL, Asset, NYSE, Yoy, Net income, ROE, Income tax, Coverage, IOL, NIM, Quarter, Central Bank of Myanmar, Central bank, Common equity, NPS, BYMA, AUM, News, Rare-earth element, Cryptocurrency, Bank, Music, Jules Supervielle, Net

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
Professional Services, Finance, NIM, ABA, LLP, IAS 8, Quarter, Jules Supervielle, Central bank, Coverage, Central Bank of Myanmar, NPL, Common equity, Repurchase agreement, Futures contract, Sale, Asset, Asset–liability mismatch, Primary, Yoy, Bank, IAS, Robbins Geller Rudman & Dowd LLP, BYMA, ROE, NYSE, Rare-earth element, Cryptocurrency, Management, Music

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
Professional Services, Finance, NIM, Insurance, Pressure, Private sector, IAS 8, Quarter, Risk-weighted asset, Jules Supervielle, Central bank, Coverage, Central Bank of Myanmar, NPL, Common equity, Repurchase agreement, Futures contract, Carbon, Asset, Delinquent, Asset–liability mismatch, Machine learning, Biophysical environment, Yoy, ESG, Weather, Policy, IAS, Robbins Geller Rudman & Dowd LLP, BYMA, ROE, NYSE, Tier 1 capital, SME, Cryptocurrency, Bank, Music

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 announces filing of the 2022 Annual Report on Form 20-F

Retrieved on: 
Wednesday, April 26, 2023
Banking, Professional Services, Finance, Impairment, International, Bank statement, Central bank, Central Bank of San Marino, Public sector, Republic, International Financial Reporting Standards, Form, BCRA, Annual report, NYSE, Cryptocurrency, Audit

GRUPO SUPERVIELLE S.A. (NYSE: SUPV) (“the Company”) announced that on April 26, 2023, the Company filed its annual report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the “SEC”).

Key Points: 
  • GRUPO SUPERVIELLE S.A. (NYSE: SUPV) (“the Company”) announced that on April 26, 2023, the Company filed its annual report on Form 20-F for the year ended December 31, 2022 with the U.S. Securities and Exchange Commission (the “SEC”).
  • The Company’s financial statements for the year ended 2022 were issued under the International Financial Reporting Standards (“IFRS”) as adopted by the Central Bank of the Republic of Argentina (the “BCRA”), i.e.
  • The Company’s financial statements filed with the SEC present significant differences with respect to the Company’s financial statements issued under the BCRA standards.
  • In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at http://www.gruposupervielle.com .

Grupo Supervielle Reports 4Q22 Results

Retrieved on: 
Monday, March 13, 2023
Professional Services, Finance, Corporation, Traction, BYMA, NYSE, Robbins Geller Rudman & Dowd LLP, Quarter, Depreciation, Environment, SME, Tier 1, Tax, Investment, Tarjeta Transporte Público, Bank, Private sector, Risk-weighted asset, Transactionalism, Share repurchase, IMF, Acquisition, Futures contract, NIM, NPL, Income tax, Government, Asset, FX, Growth, Common equity, Coverage, ROE, Yoy, Delinquent, Cryptocurrency, Video game, Music, Insurance, Jules Supervielle

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
Professional Services, Finance, NPL, Yoy, Risk-weighted asset, ROE, Futures contract, Jules Supervielle, NYSE, Weather, IAS, Central bank, Environment, LLP, No Net Cost Tobacco Act of 1982, Quarter, Efficiency, Asset, Policy, Company, Government, BYMA, Coverage, IAS 8, CEO, NIM, Common equity, Insurance, Bank, CB Bank, Income, Renewable energy, Music, Risk

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
Finance, Banking, Professional Services, Other Professional Services, Fintech, NIM, SME, Income, Risk-weighted asset, CEO, NYSE, Growth, Share repurchase, Sale, Futures contract, Capital requirement, Asset, Environment, Government, Bank, LLP, Yoy, Company, Acquisition, NPL, Private sector, IFRS, Coverage, Loss, Common equity, BYMA, Quarter, CB Bank, Central bank, Efficiency, Music, Jules Supervielle, IOL

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
Banking, Other Professional Services, Professional Services, Finance, Financial statement, Acquisition, ADR, NYSE, Jules Supervielle, New, Risk, Board, National Security Commission on Artificial Intelligence, Article, International Ship and Port Facility Security Code, Share repurchase, BYMA, Company, Program, TWO, Security (finance), Lease, Management, Director

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.