Welcome to our dedicated page for Grupo Supervielle news (Ticker: SUPV), a resource for investors and traders seeking the latest updates and insights on Grupo Supervielle stock.
Grupo Supervielle S.A. reports news on its role as a universal financial services group in Argentina, with updates centered on banking results, credit growth, deposits, margins, asset quality and capital ratios. Company announcements also cover Banco Supervielle, insurance, asset management and IOL invertironline, including digital banking, investment-platform integration and client service initiatives across retail, SME and corporate customers.
Recurring releases include quarterly and annual results, Form 20-F filing notices, financial-statement presentation under IFRS and Argentine Central Bank standards, branch and channel changes, and management commentary on Argentina’s monetary and regulatory environment.
Grupo Supervielle S.A. (NYSE: SUPV) has announced the appointment of Gustavo Manriquez as CEO of Banco Supervielle, effective October 1, 2024. Manriquez, who previously served as CEO and General Manager of Banco Macro since 2016, brings over 30 years of experience in the Argentine financial industry. He succeeds Alejandro Stengel, who is stepping down after four years as CEO.
Manriquez holds a bachelor's degree in business administration, a postgraduate degree in Finance, and an MBA. He has a strong track record in developing digital strategies and driving growth through strategic partnerships. Upon his appointment, Manriquez expressed his commitment to continuing innovation and growth at Banco Supervielle.
Patricio Supervielle, Chairman and CEO of Grupo Supervielle, expressed confidence in Manriquez's ability to guide the bank through its next growth stage and contribute to Argentina's economic transformation. The appointment is subject to customary regulatory procedures.
Grupo Supervielle S.A. (NYSE: SUPV) reported solid performance in 2Q24, with net income of AR$17.1 billion and ROAE at 10.4%. The company's loan portfolio expanded 36% sequentially and 13% year-on-year in real terms. Key highlights include:
- NIM reached 36.3% amid declining policy rates
- Market share in loans increased by 30 bps in the quarter and 70 bps year-to-date
- NPL ratio decreased to a historic low of 0.8%
- Digital retail client base expanded to 65% of total retail customers
- IOL, the company's online brokerage platform, exceeded 500,000 active clients
The company's strategic initiatives and exposure to high-potential export-oriented industries position it well for growth as the economy recovers.
Grupo Supervielle (NYSE: SUPV; BYMA: SUPV), an Argentinian financial services group, reported significant profitability in Q1 2024 with a net income of AR$46.5 billion, up significantly from AR$2.2 billion in the same quarter last year. The company's Return on Average Equity (ROAE) reached a record 33.8%, driven by a high Net Interest Margin (NIM) of 62% and improved efficiencies.
Loan demand showed signs of recovery, with a 2.6% sequential increase in the loan book and a 40 bps gain in market share. Corporate and car loans also gained market share. The Non-Performing Loan (NPL) ratio hit a historic low of 1.1%, and the coverage ratio improved to 264%.
Supervielle expanded its digital client base, now accounting for 64% of total clients, and improved its efficiency ratio to 34%. The company launched new 30-year mortgage loans and grew its online brokerage and crypto offerings. Total assets decreased by 17.8% QoQ, but loans expanded by 55.5% QoQ in nominal terms. Common Equity Tier 1 Ratio improved to 24.7%.
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Grupo Supervielle S.A. (NYSE: SUPV) filed its annual report on Form 20-F for the year ended December 31, 2022, with the SEC on April 26, 2023. The financial statements, prepared under International Financial Reporting Standards (IFRS), reflect significant differences compared to those issued under the regulations of the Central Bank of the Republic of Argentina (BCRA). Notably, IFRS adopted without exceptions means no partial adoption is allowed. Investors can access the Form 20-F on the Company's website or request a hard copy of the audited financial statements for free. Grupo Supervielle, with over 130 years in Argentina, offers diverse financial services through multiple platforms and brands, serving 1.8 million active clients.
Grupo Supervielle S.A. (NYSE: SUPV) reported its results for Q4 and FY2022, indicating a strategic effort to return to profitability by 2Q23. The company streamlined operations by merging its consumer finance division with the bank and reducing headcount by 21%. Despite inflation pressures, customer engagement and digital adoption increased, with a 6% growth in retail customers. The bank’s Tier 1 Capital Ratio stands at 13%, providing a strong liquidity position. Attributable net loss for 4Q22 was AR$791.6 million, down from AR$1.8 billion in 4Q21. The net interest margin improved to 21.6%, and loan provisions decreased 24.5% YoY.