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BUSINESS COMBINATIONS | 12 Months Ended
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Dec. 31, 2021
BUSINESS COMBINATIONS |
BUSINESS COMBINATIONS | 29. BUSINESS COMBINATIONS
| - | IOL HOLDING S,A,
On August 23, 2021 Grupo Supervielle S.A. and Sofital S.A. F. and I.I. acquired 95% and 5%, respectively, of the shares of IOL Holding S.A., for a total price of 694 thousand dollars. The Group did not recognize goodwill as a result of this transaction. The company is based in Uruguay and its objective is to be the holding company of entities dedicated to provide trading desk service at a regional level. On November 29, 2021, Grupo Supervielle S.A. made an irrevocable capital contribution in the amount of US$500,000 to be applied to working capital and investments. The amounts recognized in the consolidated statement of financial position as of the acquisition date are: ​
​ | ​ | ​
​ |  | Fair Value
Cash and Due from Banks |  | 51,380
Other Assets |  | 26
Miscellaneous obligations |  | (784)
Net identifiable assets acquired |  | 50,622
​

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