Key Indicators

    Financial Performance & Key Indicators

    Income Statement

    (In millions of Argentine Ps.)
    % Change

    2Q19 1Q19 4Q18 3Q18 2Q18 QoQ YoY
    Net Interest Income 1,370.66 1,218.3 2,023.2 2,722.9 2,898.2 12.5% -52.7%
    NIFFI & Exchange Rate Differences 5,189.6 4,259.4 3,235.0 1,663.4 716.8 21.8% 624.0%
    Net Financial Income 6,560.2 5,477.7 5,258.1 4,386.2 3,615.0 19.8% 81.5%
    Net Service Fee Income (excluding income from insurance activities) 1,241.7 1,227.8 1,065.1 1,026.9 1,004.9 1.1% 23.6%
    Income from Insurance activities 217.2 204.0 180.4 183.1 145.3 6.5% 49.5%
    Loan Loss Provisions -1,210.7 -1,893.0 -1,382.8 -1,122.5     -989.2 -36.0% 22.4%
    Personnel & Administrative Expenses -4,395.8 -3,597.7 -3,591.2   -3,045.2   -2,760.9 22.2% 59.2%
    Profit before income tax 1,566.1 748.7 903.8 1,027.6 456.0 109.2% 243.4%
    Attributable Net income 1,901.5 589.1 706.8 867.4 270.7 222.8% 602.4%
    Attributable Comprehensive income 1,909.3 615.4 935.3 874.5 475.3 210.2% 301.7%
    Earnings per Share (AR$) 4.16 1.29 1.55 2.01 0.59 222.8% 602.4%
    Earnings per ADRs (AR$) 20.82 6.45 7.75 10.03 2.96 222.8% 602.4%
    Average Outstanding Shares (in millions) 456.7 456.7 456.7 456.7 456.7

    Balance Sheet

    (In millions of Argentine Ps.)



    Jun 19 Mar 19 Dec 18 Sep 18 Jun 18 QoQ YoY


    Total Assets 166,144.7 163,849.3 141,115.5 146,122.7 120,789.0 1.4% 37.5%


    Average Assets1 162,952.7 156,054.4 143,525.2 128,633.2 104,287.2 4.4% 56.3%


    Total Loans & Leasing2 82,117.7 81,827.1 80,171.5 83,378.1 75,830.0 0.4% 8.3%


    Total Deposits 112,638.3 109,676.8 94,906.0 97,185.5 75,672.7 2.7% 48.8%


    Attributable Shareholders’ Equity 19,377.6 17,771.0 17,155.6 16,220.0 15,345.4 9.0% 26.3%


    Average Attributable Shareholders’ Equity1 18,015.9 17,361.2 16,547.0 15,638.9 15,044.8 3.8% 19.7%


    Segments

    (In millions of Argentine Ps.)



    2Q19 1Q19 4Q18 3Q18 2Q18


    Corporate Loan Portfolio 38,910.7 38,042.8 38,936.9 43,542.1 37,544.9


    SMEs & Middle Market 57% 59% 61% 62% 65%


    Large 43% 41% 39% 38% 35%


    Retail Loan Portfolio 32,015.6 31,339.9 31,093.9 29,649.8 27,426.6


    Senior Citizens 41.3% 42% 42% 41% 43%


    Entrepreneurs 9.6% 11% 11% 11% 11%


    Open Market Customers 35.7% 34% 33% 34% 33%


    Mortgage 13.5% 13% 14% 14% 13%


    Consumer Finance 6,419.8 7,153.9 7,531.7 7,945.5 8,194.0


    Key Indicators

    (In millions of Argentine Ps.)



    2Q19 1Q19 4Q18 3Q18 2Q18
    Profitability & Efficiency




    ROAE 42.2% 13.6% 17.1% 22.2% 7.2%
    ROAA 4.7% 1.5% 2.0% 2.7% 1.0%
    Net Interest Margin (NIM) 22.1% 19.1% 20.3% 18.2% 17.3%
    Net Fee Income Ratio 18.2% 20.7% 19.2% 21.4% 24.3%
    Cost / Assets 11.3% 9.7% 10.3 9.7% 10.9%
    Efficiency Ratio 62.4% 59.0% 61.9% 59.3% 66.3%
    Liquidity & Capital




    Loans to Total Deposits3 72.9% 74.6% 84.5% 85.8% 100.2%
    Liquidity Coverage Ratio (LCR)4 164.5% 143.9% 173.4% 132.1% 139.0%
    Total Equity/ Total Assets 11.7% 10.8% 12.2% 11.1% 12.7%
    Capital / Risk weighted assets (Proforma Consolidated) 5 12.9% 13.2% 14.0% 13.8% 14.5%
    Tier1 Capital / Risk weighted assets (Proforma Consolidated) 6 11.9% 12.1%7 12.9% 12.5% 13.1%
    Risk Weighted Assets / Total Assets 68.5% 67.9% 73.0% 70.5% 78.8%
    Asset Quality




    NPL Ratio 5.1% 5.3% 4.1% 3.7% 3.6%
    Allowancesas a % of Total Loans 5.5% 5.3% 4.1% 3.5% 3.3%
    Coverage Ratio 107.7% 100.0% 100.0% 94.0% 89.9%
    Cost of Risk8 6.0% 9.9% 7.0% 5.9% 5.6%

    Macroeconomic Ratios

    (In millions of Argentine Ps.)



    2Q19 1Q19 4Q18 3Q18 2Q18
    Retail Price Index (%)9 9.2% 11.8% 11.5% 14.1% 8.8%
    Avg. Retail Price Index (%) 55.6% 51.2% 46.9% 35.1% 27.2%
    UVA (var) 12.0% 9.4% 16.2% 10.0% 7.5%
    Pesos/US$ Exchange Rate 42.45 43.35 37.81 40.90 28.86
    Badlar Interest Rate (eop) 47.5% 45.7% 49.5% 43.3% 32.7%
    Badlar Interest Rate (avg) 50.9% 41.8% 50.2% 37.1% 27.3%
    Monetary Policy Rate (eop) 62.7% 68.2% 65.4% 48.0% 35.7%
    Monetary Policy Rate (avg) 66.8% 55.8% 59.3% 65.0% 40.0%

    Operating Data

    (In millions of Argentine Ps.) 2Q19 1Q19 4Q18 3Q18 2Q18

    Active Customers (in millions) 1.8 1.8 1.8 1.9 1.9

    Access Points10 325 325 325 351 351

    Employees11 5,196 5,264 5,307 5,281 5,451 -1.3% -4.7%
    1. 1. Average Assets and average Shareholder´s Equity calculated on a daily basis
    2. 2. Total Portfolio: Loans and Leasing before Allowances. According to IFRS, this line item includes Securitized Loan Portfolio and loans transferred with recourse.
    3. 3. Loans/Total Deposits ratio was restated in previous quarters due to the inclusion in the balance sheet of the securitized and transferred loans.
    4. 4. This ratio includes the liquidity held at the holding company level.
    5. 5. Regulatory capital divided by risk weighted assets taking into account operational and market risk. The regulatory capital ratio applies only to the Bank and CCF on a consolidated basis and does not include the liquidity held at the holding company level- The Proforma consolidated capital ratio, includes the liquidity retained at Grupo Supervielle level after the equity offering, which is available for growth. As of June 30, 2019, the liquidity amounted to AR$ 442 milion.
    6. 6. Tier 1 capital divided by risk weighted assets taking into account operational and market risk. The regulatory Tier 1 capital ratio applies only to the Bank and CCF on a consolidated basis and does not include the liquidity held at the holding company level. The. Proforma Consolidated Tier 1 capital ratio includes AR$442 million retained at the holding company which are available for growth.
    7. 7. During 2Q19 the Central Bank clarified an interpretation regarding deductions on Tier1 Capital related to deferred tax assets, requesting not to offset deferred tax assets and liabilities even when offsetting is required by IFRS (IAS 12) and Basel framework, hence increasing the deductions on Tier 1 Capital. If the Central Bank criteria would have been adopted in 1Q19, Common Equity Tier 1 Ratio (Consolidated Proforma) would have been 11.8%.
    8. 8. Excluding a voluntary AR$462 million LLP in 1Q19, in excess of the 25% regulatory provisioning related to a delinquent commercial loan, Cost of risk would have been 7.5%. Cost of Risk in 4Q18, excluding the AR$ 231 million additional voluntary loan loss provisions made to increase coverage, was 5.9%.
    9. 9. Source: INDEC
    10. 10. The decrease in the number of Access Points in 4Q18, reflects the closing of certain consumer finance sales points.
    11. 11. The decrease in the number of employees in 3Q18 reflects the reorganization process in the consumer finance business. The decrease in the number of employees in 2Q19 mainly reflects the streamlining at the Bank