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ACCOUNTING STANDARDS AND BASIS OF PREPARATION (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2023
ACCOUNTING STANDARDS AND BASIS OF PREPARATION |
Summary of Effects of Variation in Prices of Price Index | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | As of December 31, | ​
Variation in Prices |  | 2021 |  | 2022 |  | 2023 |
Annual |  | 50.9 | % | 94.8 | % | 211.4 | %
Accumulated 3 years |  | 216.1 | % | 300.3 | % | 815.6 | %
Summary of effect of insurance contracts initially recognized | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | January 1, 2022
​ | ​ | Insurance contracts under IFRS 4 | ​ | Re-measured | ​ | Insurance contracts under IFRS 17
Assets | ​ | 5,229,639 | ​ | (4,843,303) | ​ | 386,336
Liabilities | ​ | (4,958,210) | ​ | 4,808,718 | ​ | (149,492)
Total | ​ | 271,429 | ​ | (34,585) | ​ | 236,844
Summary of Subsidiaries Included in Consolidation Process | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Percentage of direct or indirect investment in capital stock |
Company |  | Main Activity |  | 12/31/2023 |  | 12/31/2022 |  | 12/31/2021 |
Banco Supervielle S.A. |  | Commercial Bank |  | 99.90 | % (1) | 99.90 | % (1) | 99.90 | % (1)
IUDÚ Compañia Financiera S.A |  | Financial Company |  | — | % (2) | 99.90 | % | 99.90 | %
Tarjeta Automática S.A. |  | Credit Card |  | — | % (2) | 99.91 | % | 99.99 | %
Supervielle Asset Management S.A. |  | Asset Management and Other Services |  | 100.00 | % | 100.00 | % | 100.00 | %
Sofital S.A.U.F.e.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 | % | 100.00 | %
InvertirOnline S.A.U. |  | Financial Broker |  | 100.00 | % | 100.00 | % | 100.00 | %
Portal Integral de Inversiones S.A.U. |  | Representations |  | 100.00 | % | 100.00 | % | 100.00 | %
IOL Holding S.A. | ​ | Financial Company | ​ | 100.00 | % | 100.00 | % | 100.00 | %
Supervielle Productores Asesores de Seguros S.A. |  | Insurance Broker |  | 100.00 | % | 100.00 | % | 100.00 | %
Bolsillo Digital S.A.U. |  | Fintech |  | 100.00 | % | 100.00 | % | 100.00 | %
Supervielle Agente de Negociación S.A.U. |  | Financial Broker |  | 100.00 | % | 100.00 | % | 100.00 | %
Dólar IOL S.A.U. |  | Financial Company |  | 100.00 | % | 100.00 | % | 100.00 | %
| (1) | Grupo Supervielle S.A.’s direct and indirect interest in Banco Supervielle S.A votes amounts to 99.87%, as of 12/31/2023, 12/31/2022 and 12/31/2021 respectively.
| (2) | On June 8, 2023, a definitive merger commitment between Banco Supervielle S.A. IUDÚ Compañía Financiera S.A. and Tarjeta Automática S.A.was signed. Refer to note 33 of the consolidated financial statements for more detail on the agreement.
Summary of Cash and Cash Equivalents Include Cash and Highly Liquid Short-term Securities Maturities | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Item |  | 12/31/2023 |  | 12/31/2022 |  | 12/31/2021
Cash and due from banks |  | 229,098,272 |  | 150,719,643 |  | 197,594,880
Debt securities at fair value through profit or loss |  | 20,598,059 |  | 17,471,554 |  | 63,109,218
Money Market Funds |  | 3,020,560 |  | 1,217,168 |  | 10,619,154
Cash and cash equivalents |  | 252,716,891 |  | 169,408,365 |  | 271,323,252
​
Summary of Reconciliation Between Balances on Statement of Financial Position and Statement of Cash Flow | ​
​ | ​ | ​ | ​ | ​ | ​ | ​
Items |  | 12/31/2023 |  | 12/31/2022 |  | 12/31/2021
Cash and due from Banks |  |  |  |  |  |
As per Statement of Financial Position |  | 229,098,272 |  | 150,719,643 |  | 197,594,880
As per the Statement of Cash Flow |  | 229,098,272 |  | 150,719,643 |  | 197,594,880
Debt securities at fair value through profit or loss |  |  |  |  |  | ​
As per Statement of Financial Position |  | 46,415,822 |  | 69,707,595 |  | 119,850,286
Securities not considered a cash equivalents |  | (25,817,763) |  | (52,236,041) |  | (56,741,068)
As per the Statement of Cash Flow |  | 20,598,059 |  | 17,471,554 |  | 63,109,218
Money Market Funds |  |  |  |  |  |
As per Statement of Financial Position – Other financial assets |  | 46,499,784 |  | 25,246,191 |  | 84,456,802
Other financial assets not considered a cash equivalents |  | (43,479,224) |  | (24,029,023) |  | (73,837,648)
As per the Statement of Cash Flow |  | 3,020,560 |  | 1,217,168 |  | 10,619,154
Summary of reconciliation of financing activities | Reconciliation of liabilities from financing activities at December 31, 2023, 2022 and 2021 is as follows: ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Cash Flows | ​ | Other non-cash | ​ | ​
Items |  | 12/31/2022 |  | Inflows |  | Outflows |  | movements |  | 12/31/2023
Unsubordinated debt securities |  | 1,748,271 |  | 34,552 |  | (1,782,823) |  | — |  | —
Financing received from the Argentine Central Bank and other financial institutions |  | 17,219,834 |  | 137,801,435 |  | (152,329,300) |  | — |  | 2,691,969
Lease Liabilities |  | 4,884,311 |  | — |  | (5,004,160) |  | 2,977,354 |  | 2,857,505
Total |  | 23,852,416 |  | 137,835,987 |  | (159,116,283) |  | 2,977,354 |  | 5,549,474
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Cash Flows | ​ | Other non-cash | ​ | ​
Items | ​ | 12/31/2021 | ​ | Inflows | ​ | Outflows |  | movements | ​ | 12/31/2022
Unsubordinated debt securities |  | 6,425,358 |  | — |  | (4,677,087) |  | — |  | 1,748,271
Financing received from the Argentine Central Bank and other financial institutions |  | 37,928,009 |  | 522,953,299 |  | (543,661,474) |  | — |  | 17,219,834
Lease Liabilities |  | 8,239,249 |  | — |  | (7,927,034) |  | 4,572,096 |  | 4,884,311
Total |  | 52,592,616 |  | 522,953,299 |  | (556,265,595) |  | 4,572,096 |  | 23,852,416
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | Cash Flows | ​ | Other non-cash | ​ | ​
Items | ​ | 12/31/2020 | ​ | Inflows | ​ | Outflows |  | movements | ​ | 12/31/2021
Unsubordinated debt securities |  | 38,700,661 |  | 13,661,245 |  | (45,936,548) |  | — |  | 6,425,358
Subordinated debt securities |  | 10,442,289 |  | — |  | (10,442,289) |  | — |  | —
Financing received from the Argentine Central Bank and other financial institutions |  | 53,584,358 |  | 196,241,415 |  | (211,897,764) |  | — |  | 37,928,009
Lease Liabilities |  | 10,819,781 |  | — |  | (14,721,681) |  | 12,141,149 |  | 8,239,249
Total |  | 113,547,089 |  | 209,902,660 |  | (282,998,282) |  | 12,141,149 |  | 52,592,616
​
Summary of risk rating matrix by industry | ​
RISK RATING BY INDUSTRY
Agriculture | Low | Utilities (Power generation) | Medium
Food and Drinks | Low | Utilities (Trans. And dist. of energy) | Medium
Financial | Low | Chemicals and plastics | Medium
Supermarkets | Low | Auto Parts/Dealers | Medium
Utilities (water and waste) | Low | Cargo transportation | Medium
Oil and mining | Low | Construction | Medium
Pharmaceutical | Low | Art.Home | Medium
IT/Communications | Low | Insurance | Medium
Cleaning | Low | Paper, cardboard, wood, glass | Medium
Oil Industry | Low | Dairy industry | Medium
Wine industry | Low | Private construction | Medium
Citrus Industry | Low | Iron and steel industry | Medium
Automotive terminals | Low | Machinery and equipment | Medium
RISK RATING BY INDUSTRY
SGR | Low | Professionals | Medium
Others | Low | Home Appliances (Product.) | Medium
Sugar Industry | Medium | Appliances (Commercial) | Medium
Public Construction | High | Health | High
Textile | Medium | Tourism and gastronomy | Medium
Real Etate | Medium | Passenger Transport | Medium
Sports | Medium | Refrigerators | Medium
Entertaiment | Medium | ​ | ​
Summary of groupings by shared risk characteristics | ​
Group | Parameter | Grouping
--- | --- | ---
Personal and Business Banking | Probability of Default (PD) | Personal loans (1)
|  | Credit card loans (1)
|  | Mortgage loans
|  | Automobile and other secured loans
|  | Refinancing
|  | Other financings
| Loss Given Default (LGD) | Personal loans (1)
|  | Credit card loans (1)
|  | Automobile and other secured loans
|  | Overdrafts
|  | Mortgage loans
Group | Parameter | Grouping
--- | --- | ---
|  | Refinancing
|  | Other financings
​
Group | Parameter | Grouping
--- | --- | ---
Corporate Banking | Probability of Default (PD) (2) | Medium companies
|  | Small companies
|  | Financial sector
| Severidad (LGD) | Secured loans
|  | Unsecured loans
​
| (1) | For credit cards and personal loans, Grupo Supervielle includes an additional layer of analysis: senior citizens, high income, open market, high income payroll, non- high income open market, non-high income payroll, Personal and Business Banking, former senior citizens and former payroll.
​
| (2) | Probability of default within Corporate Banking is calculated by grouping clients based on the client size for Stage 1 facilities. For Stage 2 and Stage 3, Probability of default is calculated including all segments of Corporate Banking due to the lack of materiality to form a larger group.
Summary of Scenario Probabilities | The most significant assumptions used to calculate ECL as of December 31, 2023 are as follows:
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Parameter | Industry / Segment | Macroeconomic Indicator | Scenario 1 |  | Scenario 2 |  | Scenario 3 |
​ | Personal and Business Banking | Inflation Rate | 205.6 | % | 173.9 | % | 301.7 | %
Probability of Default | ​ | Private Sector Real Wage | (0.2) | % | 2.9 | % | (5.0) | %
​ | Corporate Banking | Private Sector Real Wage | (0.2) | % | 2.9 | % | (5.0) | %
​ | ​ | Monthly Economic Activity Estimator | 145 | ​ | 150 | ​ | 141 | ​
​ | Personal and Business Banking | Private Sector Real Wage | (0.2) | % | 2.9 | % | (5.0) | %
Loss Given Default | ​ | Monetary Policy Rate | 105.0 | % | 94.5 | % | 154.1 | %
​ | Corporate Banking | Private Sector Real Loans | 245.2 | % | 109.4 | % | 193.7 | %
​ | ​ | Exchange rate | 2,011 | ​ | 1,857 | ​ | 3,374 | ​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Summary of Scenario Probabilities | ​
​ | ​ | ​ | ​
Scenario 1 |  | 60 | %
Scenario 2 |  | 20 | %
Scenario 3 |  | 20 | %
Summary of ECL Allowance Sensitivity to Future Macro economic Conditions | ​
​ | ​ | ​ | ​
December 31, 2023 |  |  |
Reported ECL Allowance |  | 17,448,828 | ​
Gross carrying amount |  | 499,903,912 | ​
Reported Loss rate |  | 3.49 | %
Irregular Portfolio Coverage | ​ | 236.48 | %
ECL amount by scenarios |  |  | ​
Favorable scenario (Allowances for loan losses) |  | 15,715,368 | ​
Unfavorable scenario (Allowances for loan losses) |  | 19,595,418 | ​
​ | ​ | ​ | ​
Loss Rate by scenarios | ​ | ​ | ​
Favorable scenario | ​ | 3.14 | %
Unfavorable scenario | ​ | 3.92 | %
​ | ​ | ​ | ​
Coverage Ratio by Scenario | ​ | ​ | ​
Favorable scenario | ​ | 212.98 | %
Unfavorable scenario | ​ | 265.57 | %
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
Land | ​ | Not depreciated
Construction in progress |  | Not depreciated
Summary of movement in investment properties | ​
​ | ​ | ​ | ​ | ​
​ |  | 12/31/2023 |  | 12/31/2022
Income derived from rents (rents charged) |  | 89,087 |  | 228,579
Direct operating expenses of properties that generated income derived from rents |  | (15,681) |  | (17,655)
Fair value remeasurement |  | (7,012,278) |  | (2,503,275)
Total |  | (6,938,872) |  | (2,292,351)

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