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ACCOUNTING STANDARDS AND BASIS OF PREPARATION (Tables)

12 Months Ended

Dec. 31, 2024

ACCOUNTING STANDARDS AND BASIS OF PREPARATION

Summary of Effects of Variation in Prices of Price Index

​

​	​	​	​	​	​	​	​
​	​	As of December 31,					​
Variation in Prices		2022		2023		2024	​
Annual		94.8	%	211.4	%	117.8	%
Accumulated 3 years		300.3	%	815.6	%	1,221.0	%

Summary of Subsidiaries Included in Consolidation Process

​

​	​	​	​	​	​	​	​	​	​
​	​	​	​	Percentage of direct or indirect investment in capital stock
Company		Main Activity		12/31/2024		12/31/2023		12/31/2022
Banco Supervielle S.A.		Commercial Bank		99.90	% (1)	99.90	% (1)	99.90	% (1)
IUDÚ Compañia Financiera S.A		Financial Company		—	% (2)	—	% (2)	99.90	%
Tarjeta Automática S.A.		Credit Card		—	% (2)	—	% (2)	99.91	%
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	%

(1) Grupo Supervielle S.A.’s direct and indirect interest in Banco Supervielle S.A votes amounts to 99.87%, as of 12/31/2024, 12/31/2023 and 12/31/2022 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.

(3) For consolidation purposes, financial statements corresponding to the year ended December 31, 2024 were used, which cover the same period of time with respect to Grupo Supervielle's financial statements.

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

​

​	​	​	​	​	​	​
Item		12/31/2024		12/31/2023		12/31/2022
Cash and due from banks		652,975,869		498,892,707		328,212,563
Debt securities at fair value through profit or loss		109,363,773		44,855,080		38,046,688
Money Market Funds		398,413		6,577,682		2,650,550
Cash and cash equivalents		762,738,055		550,325,469		368,909,801

​

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

​

​	​	​	​	​	​	​
Items		12/31/2024		12/31/2023		12/31/2022
Cash and due from Banks
As per Statement of Financial Position		652,975,869		498,892,707		328,212,563
As per the Statement of Cash Flow		652,975,869		498,892,707		328,212,563
Debt securities at fair value through profit or loss						​
As per Statement of Financial Position		263,332,202		101,076,778		151,797,787
Securities not considered a cash equivalents		(153,968,429)		(56,221,698)		(113,751,099)
As per the Statement of Cash Flow		109,363,773		44,855,080		38,046,688
Money Market Funds
As per Statement of Financial Position – Other financial assets		28,633,163		101,259,616		54,977,021
Other financial assets not considered a cash equivalents		(28,234,750)		(94,681,934)		(52,326,471)
As per the Statement of Cash Flow		398,413		6,577,682		2,650,550

Summary of reconciliation of financing activities

Reconciliation of liabilities from financing activities at December 31, 2024, 2023 and 2022 is as follows:

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Cash Flows			​	Other non-cash	​	​
Items		12/31/2023		Inflows		Outflows		movements		12/31/2024
Unsubordinated debt securities	​	—	​	52,092,812	​	(2,342,101)	​	1,407,155	​	51,157,866
Financing received from the Argentine Central Bank and other financial institutions	​	5,862,129	​	300,536,024	​	(267,100,285)	​	—	​	39,297,868
Lease Liabilities	​	6,222,607	​	—	​	(8,893,219)	​	8,803,909	​	6,133,297
Total	​	12,084,736	​	352,628,836	​	(278,335,605)	​	10,211,064	​	96,589,031

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Cash Flows			​	Other non-cash	​	​
Items		12/31/2022		Inflows		Outflows		movements		12/31/2023
Unsubordinated debt securities	​	3,807,098	​	75,242	​	(3,882,340)	​	—	​	—
Financing received from the Argentine Central Bank and other financial institutions	​	37,498,535	​	300,081,404	​	(331,717,810)	​	—	​	5,862,129
Lease Liabilities	​	10,636,252	​	—	​	(10,897,240)	​	6,483,595	​	6,222,607
Total	​	51,941,885	​	300,156,646	​	(346,497,390)	​	6,483,595	​	12,084,736

​

​	​	​	​	​	​	​	​	​	​	​
​	​	​	​	Cash Flows			​	Other non-cash	​	​
Items		12/31/2021		Inflows		Outflows		movements		12/31/2022
Unsubordinated debt securities	​	13,992,092	​	—	​	(10,184,994)	​	—	​	3,807,098
Financing received from the Argentine Central Bank and other financial institutions	​	82,593,408	​	1,138,802,074	​	(1,183,896,947)	​	—	​	37,498,535
Lease Liabilities	​	17,942,087	​	—	​	(17,262,197)	​	9,956,362	​	10,636,252
Total	​	114,527,587	​	1,138,802,074	​	(1,211,344,138)	​	9,956,362	​	51,941,885

​

Summary of impairment requirements on financial assets

​

Changes in the credit quality since initial recognition
Stage 1	Stage 2	Stage 3
(initial recognition)	(significant increase of credit risk since initial recognition)	credit-impaired assets)
12 month- ECL	Lifetime ECL

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
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
				Refinancing
				Other financings

​

Group	Parameter	Grouping
Corporate Banking	Probability of Default (PD) (2)	MEGRAs
				Small and medium size companie
				Financial sector
		Loss Given Default (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, 2024 are as follows:

​

​	​	​	​	​	​	​	​	​
Parameter	Industry / Segment	Macroeconomic Indicator	Scenario 1		Scenario 2		Scenario 3
​	Personal and Business Banking	Inflation Rate	35.6	%	23.1	%	46.0	%
Probability of Default	​	Private Sector Real Wage	14.2	%	12.5	%	12.3	%
​	Corporate Banking	Private Sector Real Wage	14.2	%	12.5	%	12.3	%
​	​	Monthly Economic Activity Estimator	152	​	152	​	149	​
​	Personal and Business Banking	Private Sector Real Wage	14.2	%	12.5	%	12.3	%
Loss Given Default	​	Private sector deposits	75.3	%	64.1	%	77.2	%
​	​	Badlar Rate	30.9	%	23.2	%	40.0	%
​	Corporate Banking	Private Sector Real Loans	36	%	23.1	%	46.0	%
​	​	Badlar Rate	152	​	152	​	149	​

Summary of Scenario Probabilities

​

​	​	​	​
Scenario 1		60	%
Scenario 2		25	%
Scenario 3		15	%

Summary of ECL Allowance Sensitivity to Future Macro economic Conditions

​

​	​	​	​
December 31, 2024
Reported ECL Allowance		49,373,034	​
Gross carrying amount		2,219,451,198	​
Reported Loss rate		2.22	%
Irregular Portfolio Coverage	​	156.41	%
ECL amount by scenarios			​
Favorable scenario (Allowances for loan losses)		48,371,227	​
Unfavorable scenario (Allowances for loan losses)		50,073,601	​
​	​	​	​
Loss Rate by scenarios	​	​	​
Favorable scenario	​	2.18	%
Unfavorable scenario	​	2.26	%
​	​	​	​
Coverage Ratio by Scenario	​	​	​
Favorable scenario	​	153.24	%
Unfavorable scenario	​	158.63	%

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

​

​	​	​	​	​
​		12/31/2024		12/31/2023
Income derived from rents (rents charged)		263,394		194,001
Direct operating expenses of properties that generated income derived from rents		(71,950)		(34,148)
Fair value remeasurement		(10,188,877)		(15,270,191)
Total		(9,997,433)		(15,110,338)

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