Grupo Supervielle Announces Filing of the 2024 Annual Report on Form 20-F

Business Wire

21-04-2025

BUENOS AIRES, Argentina--(BUSINESS WIRE)--
The Company's financial statements for the year ended December 31, 2024 that the Company published in Argentina on March 10, 2025 were issued under the International Financial Reporting Standards ('IFRS') as adopted by the Central Bank of the Republic of Argentina (the 'BCRA'), subject to the following exceptions: (i) IFRS 9 'Financial Instruments' with respect to the initial recognition of public sector debt instruments received in an exchange of bonds that should be recognized under the accounting rules of the BCRA at the book value of the financial asset exchanged; (ii) IFRS 9 'Financial Instruments' with respect to expected credit loss of financial instruments of the public sector; and (iii) option to classify holdings in dual bonds at amortized cost or fair value through other comprehensive income.
Notwithstanding the foregoing, the Company's financial statements filed with the SEC have been presented under IFRS without exceptions, given that no partial adoption of IFRS is permitted. The Company's financial statements filed with the SEC present significant differences with respect to the Company's financial statements issued under the BCRA standards.
In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company's website at http://www.gruposupervielle.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company's complete audited financial statements filed with the SEC. To request a hard copy of the Company's audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: [e-mail]
About Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Grupo Supervielle provides a wide range of financial and non-financial services to our clients and have more than 130 years of experience operating in Argentina. Our main subsidiary is Banco Supervielle S.A. and we have a distribution network comprising our own physical branches, which are primarily located in the Autonomous City of Buenos Aires, Greater Buenos Aires, and the Argentine provinces of Mendoza and San Luis. Additionally, we provide digital and virtual coverage with agile solutions tailored to our users' needs across most of Argentina. We provide access to investment opportunities through our subsidiaries InvertirOnline S.A.U. and Portal Integral de Inversiones S.A.U. ('IOL invertironline'), Argentina's first specialized online trading platform, helping our customers grow their income and savings with innovative tools. Since May 2016, the shares of Grupo Supervielle are listed on the ByMA and NYSE. The subsidiaries of Grupo Supervielle are: (i) Banco Supervielle S.A., which is the seventh largest private bank in Argentina in terms of loans; (ii) Supervielle Seguros S.A., an insurance company; (iii) Supervielle Productores Asesores de Seguros S.A., an insurance broker; (iv) Supervielle Asset Management S.A., a mutual fund management company; (v) Supervielle Agente de Negociación S.A.U., a brokerage firm offering services to institutional and corporate customers; (vi) IOL invertironline, Argentina's leading digital retail brokerage platform specialized in online trading and other financial investment services; (vii) Espacio Cordial de Servicios S.A., an entity offering retail non-financial products, such as assistance and tourism; and (viii) Micro Lending S.A.U., a company specialized in car financing. Our subsidiaries also include Sofital S.A.U.F.e I., a holding company that owns shares of the same companies owned by Grupo Supervielle, IOL Holding S.A., a holding company that owns shares of IOL invertironline, and Bolsillo Digital S.A.U., which is in the process of being dissolved. As of the date of this press release, Grupo Supervielle's network includes 130 bank branches, digital channels and virtual branches, and commercial partnerships, serving 2 million active clients.