Key Indicators

    Financial Performance & Key Indicators

    Income Statement

    (In millions of Argentine Ps.)
    % Change

    1Q19 4Q18 3Q18 2Q18 1Q18 QoQ YoY
    Net Interest Income 1,218.3 2,023.2 2,722.9 2,898.2 2,818.1 -39.8% -56.8%
    NIFFI & Exchange Rate Differences 4,259.4 3,235.0 1,663.4 716.8 805.5 31.7% 428.8%
    Net Financial Income 5,477.7 5,258.1 4,386.2 3,615.0 3,623.6 4.2% 51.2%
    Net Service Fee Income (excluding income from insurance activities) 1,227.8 1,065.1 1,026.9 1,004.9 884.6 15.3% 38.8%
    Income from Insurance activities 204.0 180.4 183.1 145.3 148.7 13.0% 37.1%
    Loan Loss Provisions -1,893.0 -1,382.8 -1,122.5     -989.2     -726.1 36.9% 160.7%
    Personnel & Administrative Expenses -3,597.7 -3,591.2   -3,045.2   -2,760.9   -2,446.5 0.2% 47.1%
    Profit before income tax 748.7 935.3 1,027.6 456.0 1,020.4 -17.2% -26.6%
    Attributable Net income 589.1 706.8 867.4 270.7 722.6 -16.7% -18.5%
    Attributable Comprehensive income 615.4 935.3 874.5 475.3 744.8 -34.2% -17.4%
    Earnings per Share (AR$) 1.29 1.55 2.01 0.59 1.58

    Earnings per ADRs (AR$) 6.45 7.75 10.03 2.96 7.91

    Average Outstanding Shares (in millions) 456.7 456.7 456.7 456.7 456.7

    Balance Sheet

    (In millions of Argentine Ps.)



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


    Total Assets 163,849.3 141,115.5 146,122.7 120,789.0 96,569.6 16.1% 69.7%


    Average Assets1 156,054.4 143,525.2 128,633.2 104,287.2 90,832.7 8.7% 71.8%


    Total Loans & Leasing2 81,827.1 80,171.5 83,378.1 75,830.0 66,479.5 2.1% 23.1%


    Total Deposits 109,676.8 94,906.0 97,185.5 75,672.7 55,540.2 15.6% 97.5%


    Attributable Shareholders’ Equity 17,771.0 17,155.6 16,220.0 15,345.4 15,114.2 3.6% 17.6%


    Average Attributable Shareholders’ Equity1 17,361.2 16,547.0 15,638.9 15,044.8 14,490.1 4.9% 19.8%


    Segments

    (In millions of Argentine Ps.)



    1Q19 4Q18 3Q18 2Q18 1Q18


    Corporate Loan Portfolio 38,042.8 38,936.9 43,542.1 37,544.9 33,121.0


    SMEs & Middle Market 59% 61% 62% 65% 67%


    Large 41% 39% 38% 35% 33%


    Retail Loan Portfolio 31,339.9 31,093.9 29,649.8 27,426.6 24,137.2


    Senior Citizens 42% 42% 41% 43% 46%


    Entrepreneurs 11% 11% 11% 11% 11%


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


    Mortgage 13% 14% 14% 13% 10%


    Consumer Finance 7,153.9 7,531.7 7,945.5 8,194.0 7,901.1


    Key Indicators

    (In millions of Argentine Ps.)



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




    ROAE 13.6% 17.1% 22.2% 7.2% 19.9%
    ROAA 1.5% 2.0% 2.7% 1.0% 3.2%
    Net Interest Margin (NIM) 19.1% 20.3% 18.2% 17.3% 19.8%
    Net Fee Income Ratio 20.7% 19.2% 21.4% 24.3% 22.3%
    Cost / Assets 9.7% 10.3 9.7% 10.9% 11.1%
    Efficiency Ratio 59.0% 61.9% 59.3% 66.3% 59.0%
    Liquidity & Capital




    Loans to Total Deposits3 74.6% 84.5% 85.8% 100.2% 119.7%
    Liquidity Coverage Ratio (LCR)4 143.9% 173.4% 132.1% 139.0% 116.9%
    Total Equity/ Total Assets 10.8% 12.2% 11.1% 12.7% 15.7%
    Capital / Risk weighted assets (Proforma Consolidated) 5 13.2% 14.0% 13.8% 14.5% 17.0%
    Tier1 Capital / Risk weighted assets (Proforma Consolidated) 6 12.1% 12.9% 12.5% 13.1% 15.8%
    Risk Weighted Assets / Total Assets 67.9% 73.0% 70.5% 78.8% 88.1%
    Asset Quality




    NPL Ratio 5.3% 4.1% 3.7% 3.6% 3.2%
    Allowancesas a % of Total Loans 5.3% 4.1% 3.5% 3.3% 2.8%
    Coverage Ratio 100.0% 100.0% 94.0% 89.9% 89.7%
    Cost of Risk7 9.9% 7.0% 5.9% 5.6% 4.7%

    Macroeconomic Ratios

    (In millions of Argentine Ps.)



    1Q19 4Q18 3Q18 2Q18 1Q18
    Retail Price Index (%)8 11.8% 11.5% 14.1% 8.8% 6.7%
    Avg. Retail Price Index (%) 51.8% 47.3% 35.4% 27.1% 25.3%
    UVA (var) 9.4% 16.2% 10.0% 7.5% 6.9%
    Pesos/US$ Exchange Rate 43.35 37.81 40.90 28.86 20.14
    Badlar Interest Rate (eop) 45.7% 49.5% 43.3% 32.7% 22.6%
    Badlar Interest Rate (avg) 41.8% 50.2% 37.1% 27.3% 22.9%
    Monetary Policy Rate (eop) 68.2% 65.4% 48.0% 35.7% 27.5%
    Monetary Policy Rate (avg) 55.8% 59.3% 65.0% 40.0% 27.3%

    Operating Data

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

    Active Customers (in millions) 1.8 1.8 1.9 1.9 1.9

    Access Points9 325 325 351 351 340

    Employees10 5,264 5,307 5,281 5,451 5,406 -0.8% -2.6%
    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 March 31, 2019, the liquidity amounted to Ps. 913 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$913 million retained at the holding company which are available for growth.
    7. 7. 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%.
    8. 8. Source: INDEC
    9. 9. The increase in the number of Access Points in 1Q18, reflects the opening of 1 bank branches located in Neuquen and the presence in 13 Walmart Stores. The increase in the number of Access Points in 2Q18, reflects the opening of 2 bank branches and the 7 Mila commercial offices. The decrease in the number of Access Points in 4Q18, reflects the closing of certain consumer finance sales points.
    10. 10. The decrease in the number of employees in 3Q18 reflects the reorganization process in the consumer finance business