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LOANS AND OTHER FINANCING | 12 Months Ended
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Dec. 31, 2022
LOANS AND OTHER FINANCING |
LOANS AND OTHER FINANCING | 25. LOANS AND OTHER FINANCING As of December 31, 2022 and 2021 the composition of the loan portfolio is as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total as of
​ | ​ | Assets Before Allowances | ​ | December 31,
​ |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | 2022
Promissory notes |  | 34,148,294 |  | 338,608 |  | 134,129 |  | 34,621,031
Unsecured corporate loans |  | 39,685,295 |  | 350,203 |  | 1,325,496 |  | 41,360,994
Overdrafts |  | 14,159,148 |  | 202,393 |  | 173,411 |  | 14,534,952
Mortgage loans |  | 22,370,809 |  | 2,004,852 |  | 709,661 |  | 25,085,322
Automobile and other secured loans |  | 6,272,346 |  | 1,266,879 |  | 405,197 |  | 7,944,422
Personal loans |  | 29,555,460 |  | 6,148,950 |  | 2,583,516 |  | 38,287,926
Credit card loans |  | 40,850,222 |  | 6,136,469 |  | 2,354,959 |  | 49,341,650
Foreign Trade Loans |  | 12,897,902 |  | 1,849,831 |  | 1,480,395 |  | 16,228,128
Other financings |  | 6,590,309 |  | 162,289 |  | 66,392 |  | 6,818,990
Other receivables from financial transactions |  | 2,711,989 |  | 90,951 |  | 97,914 |  | 2,900,854
Receivables from financial leases |  | 10,447,409 |  | 202,858 |  | 38,714 |  | 10,688,981
Subtotal |  | 219,689,183 |  | 18,754,283 |  | 9,369,784 |  | 247,813,250
Allowances for loan losses |  | (3,035,675) |  | (2,926,254) |  | (6,260,123) |  | (12,222,052)
Total | ​ | 216,653,508 | ​ | 15,828,029 | ​ | 3,109,661 | ​ | 235,591,198
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | Total as of
​ | ​ | Assets Before Allowances | ​ | December 31,
​ |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | 2021
Promissory notes |  | 72,323,806 |  | 1,309,431 |  | 337,670 |  | 73,970,907
Unsecured corporate loans |  | 21,969,956 |  | 842,893 |  | 2,606,341 |  | 25,419,190
Overdrafts |  | 9,625,551 |  | 272,572 |  | 228,013 |  | 10,126,136
Mortgage loans |  | 27,924,803 |  | 2,360,621 |  | 624,902 |  | 30,910,326
Automobile and other secured loans |  | 6,309,306 |  | 793,917 |  | 529,645 |  | 7,632,868
Personal loans |  | 48,402,450 |  | 7,542,402 |  | 5,001,142 |  | 60,945,994
Credit card loans |  | 52,516,363 |  | 5,207,835 |  | 2,782,584 |  | 60,506,782
Foreign Trade Loans |  | 19,206,386 |  | 4,278,282 |  | 3,306,523 |  | 26,791,191
Other financings |  | 7,015,741 |  | 472,294 |  | 161,916 |  | 7,649,951
Other receivables from financial transactions |  | 5,958,063 |  | 78,529 |  | 220,716 |  | 6,257,308
Receivables from financial leases |  | 11,323,929 |  | 801,549 |  | 89,728 |  | 12,215,206
Subtotal |  | 282,576,354 |  | 23,960,325 |  | 15,889,180 |  | 322,425,859
Allowances for loan losses |  | (3,555,515) |  | (5,147,174) |  | (10,869,777) |  | (19,572,466)
Total |  | 279,020,839 |  | 18,813,151 |  | 5,019,403 |  | 302,853,393
​ Expected Credit Loss Allowance Expected credit loss allowance recognised in the period is affected by a range of factors as follows:
| ● | Transfers between Stage 1 and Stage 2 or 3 due to financial instruments experiencing significant increases (or decreases) of credit risk or becoming credit-impaired in the period, and the consequent "step up" (or "step down") between 12 months and Lifetime;
| ● | Additional allowances for new financial instruments recognized during the period, as well as releases for financial instruments de-recognized during the period;
| ● | Impact on the measurement of ECL of changes in PDs, EADs and LGDs in the period, resulting from the regular updating of model inputs;
| ● | Impact on the measurement of ECL as a result of changes in models and assumptions;
| ● | Discount unwind within ECL due to passage of time, as ECL is measured on a present value basis;
| ● | Foreign exchange retranslations for assets denominated in foreign currencies and other movements; and
| ● | Financial assets derecognised during the period and write-offs of allowances related to assets that were written off during the period.
The following charts explain changes in the provision for credit risk between the beginning and end of the period due to the following factors: An analysis of changes in the gross carrying amount and the corresponding ECL allowance is, as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Assets Before Allowances |  | ECL Allowance
​ |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Balance at the beginning of the year |  | 282,576,354 |  | 23,960,325 |  | 15,889,180 |  | 322,425,859 |  | 3,555,515 |  | 5,147,174 |  | 10,869,777 |  | 19,572,466
Transfers |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
1 to 2 |  | (4,339,851) |  | 4,339,851 |  | — |  | — |  | (122,595) | ​ | 930,556 | ​ | — |  | 807,961
1 to 3 |  | (674,849) |  | — |  | 674,849 |  | — |  | (24,667) | ​ | — | ​ | 1,271,329 |  | 1,246,662
2 to 3 |  | — |  | (530,731) |  | 530,731 |  | — |  | — | ​ | (179,202) | ​ | 852,277 |  | 673,075
2 to 1 |  | 3,616,758 |  | (3,616,758) |  | — |  | — |  | (4,539) | ​ | (1,293,359) | ​ | — |  | (1,297,898)
3 to 2 |  | — |  | 235,228 |  | (235,228) |  | — |  | — | ​ | (54,830) | ​ | (183,335) |  | (238,165)
3 to 1 |  | 210,929 |  | — |  | (210,929) |  | — |  | (58,052) | ​ | — | ​ | (144,059) |  | (202,111)
Additions | ​ | 130,836,311 | ​ | 8,708,725 | ​ | 2,894,580 | ​ | 142,439,616 | ​ | 2,032,680 | ​ | 2,262,129 | ​ | 4,783,651 | ​ | 9,078,460
Disposals | ​ | (70,170,490) | ​ | (4,378,611) | ​ | (2,388,699) | ​ | (76,937,800) | ​ | (824,470) | ​ | (1,518,666) | ​ | (3,229,038) | ​ | (5,572,174)
Net changes of financial assets |  | (125,950,841) |  | (8,211,017) |  | 787,273 |  | (133,374,585) |  | (237,515) | ​ | (508,239) | ​ | 685,215 |  | (60,539)
Write-Offs |  | (1,417,679) |  | (1,955,244) |  | (9,267,030) |  | (12,639,953) |  | (1,417,679) | ​ | (1,955,244) | ​ | (9,267,030) |  | (12,639,953)
Exchange Differences and Others |  | 5,002,541 |  | 202,515 |  | 695,057 | ​ | 5,900,113 | ​ | 136,997 | ​ | 95,935 | ​ | 621,336 |  | 854,268
Gross carrying amount at December 31, 2022 |  | 219,689,183 |  | 18,754,283 |  | 9,369,784 | ​ | 247,813,250 | ​ | 3,035,675 | ​ | 2,926,254 | ​ | 6,260,123 |  | 12,222,052
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ |  | Assets Before Allowances |  | ECL Allowance
​ |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total |  | Stage 1 |  | Stage 2 |  | Stage 3 |  | Total
Balance at the beginning of the year | ​ | 283,660,430 | ​ | 28,956,778 | ​ | 22,040,628 | ​ | 334,657,836 | ​ | 5,457,993 | ​ | 5,847,347 | ​ | 13,465,342 | ​ | 24,770,682
Transfers |  | ​ |  | ​ |  | ​ |  | ​ |  | ​ | ​ | ​ | ​ | ​ |  | ​
1 to 2 |  | (5,272,473) |  | 5,272,473 |  | — |  | — |  | (280,039) | ​ | 1,438,353 | ​ | — |  | 1,158,314
1 to 3 |  | (3,251,536) |  | — |  | 3,251,536 |  | — |  | (415,455) | ​ | — | ​ | 4,850,154 |  | 4,434,699
2 to 3 |  | — |  | (673,799) |  | 673,799 |  | — |  | — | ​ | (418,256) | ​ | 771,356 |  | 353,100
2 to 1 |  | 4,815,840 |  | (4,815,840) |  | — |  | — |  | 55,760 | ​ | (724,016) | ​ | — |  | (668,256)
3 to 2 |  | — |  | 849,906 |  | (849,906) |  | — |  | — | ​ | 200,549 | ​ | (833,305) |  | (632,756)
3 to 1 |  | 1,069,850 |  | — |  | (1,069,850) |  | — |  | (1,556) | ​ | — | ​ | (564,155) |  | (565,711)
Net changes of financial assets |  | 2,149,875 |  | (4,301,164) |  | 1,703,495 |  | (447,794) |  | 1,532,578 | ​ | 554,927 | ​ | 3,314,566 |  | 5,402,071
Write-Offs |  | (2,844,265) |  | (1,807,285) |  | (10,163,515) |  | (14,815,065) |  | (2,844,265) | ​ | (1,807,286) | ​ | (10,163,515) |  | (14,815,066)
Exchange Differences and Others |  | 2,248,633 |  | 479,256 |  | 302,993 | ​ | 3,030,882 | ​ | 50,499 | ​ | 55,556 | ​ | 29,334 |  | 135,389
Gross carrying amount at December 31, 2021 | ​ | 282,576,354 | ​ | 23,960,325 | ​ | 15,889,180 | ​ | 322,425,859 | ​ | 3,555,515 | ​ | 5,147,174 | ​ | 10,869,777 | ​ | 19,572,466
​ Collateral and other credit enhancements Collateral is an instrument pledged as security for repayment of a loan, to be forfeited in the event of default. The Entity accepts collateral as security before a potential breach on behalf of a debtor occurs. The Argentine Central Bank classifies these guarantees in three types: Preferred "A" (considered self-settleable), Preferred "B" (made up by mortgage or pledge loans) and remaining guarantees (mainly bank guarantees and fines). In virtue of the administration of collateral, Grupo Supervielle relies on a specific area devoted to the review of the legal compliance and suitable instrumentation of received collateral. In accordance with the type of collateral, the guarantors may be people or companies (in the case of mortgages, pledges, fines, guarantees and liquid funds) and international top level Financial Entities (for credit letters stand by). Grupo Supervielle monitors collateral held for financial assets considered to be credit-impaired as it becomes more likely that Grupo Supervielle will take possession of collateral to mitigate potential credit losses. ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Allowances | ​ | ​ | ​ | ​
​ | ​ | Gross | ​ | for loans | ​ | ​ | ​ | Fair value of
Credit Impaired loans | ​ | exposure | ​ | losses | ​ | Book value | ​ | collateral
Overdrafts |  | 173,411 |  | 129,221 |  | 44,190 |  | —
Financial Lease |  | 38,714 |  | 14,775 |  | 23,939 |  | 32,809
Promissory Notes |  | 134,129 |  | 69,054 |  | 65,075 |  | 106,568
Mortgage loans |  | 709,661 |  | 399,025 |  | 310,636 |  | 221,767
Personal loans |  | 2,583,516 |  | 2,263,733 |  | 319,783 |  | —
Pledge loans |  | 405,197 |  | 292,372 |  | 112,825 |  | 112,825
Credit cards |  | 2,354,959 |  | 2,175,042 |  | 179,917 |  | —
Other |  | 2,970,197 |  | 916,900 |  | 2,053,297 |  | 2,053,295
Total |  | 9,369,784 |  | 6,260,123 |  | 3,109,661 |  | 2,527,264
​ Write-off policy Grupo Supervielle writes off, in whole or in part, when it has exhausted all practical recovery efforts and has concluded there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include: (i) ceasing enforcement activity and (ii) where Grupo Supervielle´s recovery method is foreclosing on collateral and the value of the collateral is such that there is no reasonable expectation of recovering in full. Grupo Supervielle may write-off financial assets that are still subject to enforcement activity, The outstanding contractual amounts of such assets written off during the year ended on December 31, 2022 and 2021 amount to 7,865,755 and 15,387,785 respectively.Grupo Supervielle still seeks to recover amounts it is legally owed in full, but which have been partially written off due to no reasonable expectation of recovery. ​
​ | ​ | ​ | ​ | ​
​ |  | 12.31.2022 |  | 12.31.2021
Balance at the beginning of the year |  | 15,387,785 |  | 21,164,081
Additions |  | 12,639,953 |  | 14,815,066
Disposals |  | (9,711,831) |  | (6,320,836)
Cash collection |  | (1,924,172) |  | (2,129,966)
Portfolio sales |  | (528,944) |  | (1,040,168)
Condonation |  | (7,258,715) |  | (3,150,702)
Exchange differences and other movements |  | (10,450,132) |  | (14,270,525)
Gross carrying amount |  | 7,865,775 |  | 15,387,785
​

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