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ACCOUNTING STANDARDS AND BASIS OF PREPARATION (Tables)
 12 Months Ended
Dec. 31, 2019
Disclosure of initial application of standards or interpretations [line items]  
Summary of Effects of Variation in Prices of Price Index

The tables below show the evolution of these indexes in the last four years and as of December 31, 2019 according to official statistics (INDEC):

 

 

 

 

 

 

 

 

 

 

 

 

 

As of December 31,

 

 

    

2016

    

2017

    

2018

    

2019

    

Variation in Prices

 

  

 

  

 

  

 

  

 

Annual

 

34.6

%  

24.8

%  

47.6

%  

53.8

%

Accumulated 3 years

 

102.3

%  

96.8

%  

148.0

%  

183.4

%

 

Summary of Subsidiaries Included in Consolidation Process

The following chart details the subsidiaries included in the consolidation process:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Percentage of direct or indirect investment in capital stock

 

Company

    

Main Activity

    

12/31/2019

    

12/31/2018

    

12/31/2017

    

Banco Supervielle S.A.

 

Commercial Bank

 

99.90

% (1)

99.89

% (1)

99.88

% (1)

Cordial Compañía Financiera S.A.

 

Financial Company

 

99.90

%  

99.90

%  

99.89

%

Tarjeta Automática  S.A.

 

Credit Card

 

99.99

%  

99.99

%  

99.99

%

Supervielle Asset  Management S.A.

 

Mutual Fund

 

100.00

%  

100.00

%  

100.00

%

Sofital S.A.F. e I.I.

 

Real State

 

100.00

%  

100.00

%  

100.00

%

Espacio Cordial de Servicios S.A.

 

Retail Services

 

100.00

%  

100.00

%  

100.00

%

Supervielle Seguros S.A.

 

Insurance

 

100.00

%  

100.00

%  

100.00

%

Micro Lending S.A.U.

 

Financial Company

 

100.00

%  

100.00

%  

 —

 

InvertirOnline S.A.U.

 

Financial Broker

 

100.00

%  

100.00

%  

 —

 

InvertirOnline.Com Argentina S.A.U.

 

Representations

 

100.00

%  

100.00

%  

 —

 

Supervielle Productores Asesores de Seguros S.A.

 

Insurance Broker

 

100.00

%  

 —

 

 —

 

Bolsillo Digital S.A.U.

 

Fintech

 

100.00

%  

 —

 

 —

 

Futuros del Sur S.A.

 

Financial Broker

 

100.00

%  

 —

 

 —

 

(1)   Grupo Supervielle S.A.’s direct and indirect interest in Banco Supervielle S.A votes amounts to 99,87%,  99,87% and 99,86% as of 12/31/2019, 12/31/2018 and 12/31/2017 respectively.

Summary of Assets and Liabilities of Structured Entities

The following chart details the assets and liabilities of Structured Entities that have been consolidated by the Group as of December 31, 2019 and 2018:

 

 

 

 

 

 

 

 

    

12/31/2019

    

12/31/2018

    

Assets

 

  

 

  

 

Loans

 

1,594,664

 

1,584,904

 

Financial assets

 

108,839

 

215,164

 

Other assets

 

291,691

 

194,075

 

Total Assets

 

1,995,194

 

1,994,143

 

Liabilities

 

  

 

  

 

Financial liabilities

 

1,424,480

 

1,374,000

 

Other liabilities

 

41,630

 

228,518

 

Total Liabilities

 

1,466,110

 

1,602,518

 

 

Cash and Cash Equivalents Include Cash and Highly Liquid Short-term Securities Maturities

 

 

 

 

 

 

 

 

 

Item

    

12/31/2019

    

12/31/2018

    

12/31/2017

Cash and due from banks

 

26,403,099

 

51,822,372

 

25,205,323

Debt securities at fair value through profit or loss

 

568,501

 

19,434,329

 

21,910,236

Money Market Funds

 

964,884

 

1,008,466

 

1,546,426

Cash and cash equivalents

 

27,936,484

 

72,265,167

 

48,661,985

 

Summary of Reconciliation Between Balances on Statement of Financial Position and Statement of Cash Flow

 

 

 

 

 

 

 

 

 

Items

    

12/31/2019

    

12/31/2018

    

12/31/2017

Cash and due from Banks

 

  

 

  

 

  

As per Statement of Financial Position

 

26,403,099

 

51,822,372

 

25,205,323

As per the Statement of Cash Flows

 

26,403,099

 

51,822,372

 

25,205,323

Debt securities at fair value through profit or loss

 

  

 

  

 

  

As per Statement of Financial Position

 

568,501

 

23,247,329

 

25,902,184

Securities not considered as cash equivalents

 

 —

 

(3,813,000)

 

(3,991,948)

As per the Statement of Cash Flows

 

568,501

 

19,434,329

 

21,910,236

Money Market Funds

 

  

 

  

 

  

As per Statement of Financial Position – Other financial assets

 

2,096,866

 

2,612,157

 

3,674,741

Other financial assets not considered as cash equivalents

 

(1,131,982)

 

(1,603,691)

 

(2,128,315)

As per the Statement of Cash Flow

 

964,884

 

1,008,466

 

1,546,426

 

Schedule of reconciliation of financing activities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Cash Flows

 

Other non-cash

 

 

Items

    

12/31/2018  

    

Inflows

    

Outflows

    

movements

    

12/31/2019  

Unsubordinated Negotiable Obligations

 

14,317,445

 

8,412,283

 

(17,365,599)

 

722,346

 

6,086,475

Subordinated Negotiable Obligations

 

2,128,759

 

 —

 

(842,966)

 

834,095

 

2,119,888

Financing received from the Argentine Central Bank and other financial institutions

 

12,357,106

 

110,569,136

 

(113,905,868)

 

(2,777)

 

9,017,597

Lease Liabilities

 

 —

 

 —

 

(1,251,601)

 

2,197,990

 

946,389

Total

 

28,803,310

 

118,981,419

 

(133,366,034)

 

3,751,654

 

18,170,349

 

Summary of groupings by shared risk characteristics

 

Group

Parameter

Grouping

Retail Banking

Probability of Default

Personal loans (1)

Credit card loans (1)

Overdrafts

Documents

Mortgage loans and leasing

Refinancing

Other financings

Loss Given Default

Personal loans

Credit card loans

Overdrafts

Mortgage loans and leasing

Refinancing

Other financings

Corporate Banking

Probability of Default (2)

Small companies

Medium companies

Big companies

Financial Area

Loss Given Default

Overdrafts

Documents

Leasing

Unsecured loans

Other financings

Other receivables from financial transactions

Consumer Finance

Probability of Default

Closed credit cards

Open credit cards

Cash loans

Cash consumptions and directed loans

Refinancing

Tarjeta Automatica Personal loans

Loss Given Default

Credit cards

Personal loans

Refinancing

 

(1)

For credit cards and personal loans, the breakdown per segment was added because there was enough materiality. The segments are: senior citizens, high income open market, high income payroll, non- high income open market, non-high income payroll, bussiness in retail banking, former senior cityzens and former payroll

(2)

Groups made to calculate the probability of default are carried out by company size, occasionally classified by economic activity in Stage 1.  For Stage 2 and Stage 3, the Probability of default is calculated including all segments of Corporate Banking due to the lack of materiality to perform a larger group.
Summary of Projected Evolution for Next Year of Main Macroeconomic Indicators

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Parameter

    

Segment

    

Macroeconomic Indicator

    

Scenario 1

    

Scenario 2

    

Scenario 3

 

Probability of Default

 

Retail

 

Real Wage

 

0.21

%

2.37

%

(1.67)

%

 

 

Corporate

 

Interest Rate

 

32.48

%

32.41

%

40.55

%

Loss Given Default

 

Consumer Finance

 

Monthly Economic Activiy Estimator

 

140.85

 

151.52

 

135.86

 

 

 

Retail

 

Private sector real wage

 

50.28

%  

41.39

%  

51.63

%

 

Summary of Scenario Probabilities

 

 

 

 

 

 

Scenario 1

    

80

%

Scenario 2

 

10

%

Scenario 3

 

10

%

 

Summary of ECL Allowance Sensitivity to Future Macro economic Conditions

 

 

 

 

 

 

December 31, 2019

    

  

 

Reported ECL Allowance

 

6,751,939

 

Gross carrying amount

 

94,761,950

 

Reported ECL Coverage

 

7.13

%

 

 

 

 

ECL amount by scenarios

 

  

 

Favorable scenario

 

6,702,980

 

Unfavorable scenario

 

6,779,811

 

 

 

 

 

Coverage ratio by scenarios

 

  

 

Favorable scenario

 

7.07

%

Unfavorable scenario

 

7.15

%

 

Summary of Useful Life of Property, Plant and Equipment

 

 

 

 

 

Property, plant and equipment

    

Estimated useful life

Buildings

 

50 Years

Furniture

 

10 Years

Machines and equipment

 

5 Years

Vehicles

 

5 Years

Others

 

5 Years

 

Summary of the main commissions earned

 

Commission

    

Frecuency of revenue recognition

Account maintenance

 

Monthly

Safe deposit boxes

 

Semi-annual

Issuing Bank

 

Event driven

Credit Card renewal

 

Annual

Check management

 

Event driven

 

IFRS 16 Leases [Member]  
Disclosure of initial application of standards or interpretations [line items]  
Summary of Measurement of Leases

 

 

 

 

Operating lease commitments disclosed as at December 31, 2018

 

1,933,167

Discounted using the lessee's incremental borrowing rate of at the date of initial application

 

1,354,278

Lease liability recognised as at January 1, 2019

 

1,354,278

Of which are:

 

 

Current lease liabilities

 

596,813

Non-current lease liabilities

 

757,465