Key Indicators

    Key Indicators

    (In millions of Argentine Ps.) % Change
    INCOME STATEMENT 3Q18 2Q18 1Q18 4Q17 3Q17 QoQ YoY 9M18 9M17 % Chg.
    Net Interest Income 2,722.9 2,898.2 2,818.1 2,562.0 2,124.8 -6.1% 28.1% 8,439.2 6,001.5 40.6%
    NIFFI & Exchange Rate Differences 1,663.4 716.8 805.5 798.1 703.0 132.1% 136.6% 3,185.6 1,638.3 94.4%
    Net Financial Income 4,386.2 3,615.0 3,623.6 3,360.1 2,827.8 21.3% 55.1% 11,624.8 7,639.8 52.2%
    Net Service Fee Income (excluding income from insurance activities) 1,026.9 1,004.9 884.6 846.5 874.9 2.2% 17.4% 4,551.9 3,218.4 41.4%
    Income from Insurance activities 183.1 145.3 148.7 148.3 108.0 26.0% 69.5% 477.1 330.8 44.3%
    Loan Loss Provisions -1,122.5 -989.2     -726.1     -606.3     -518.9 13.5% 116.3% -2,837.9 -1,322.5 114.6%
    Personnel & Administrative Expenses -3,045.2 -2,760.9   -2,446.5   -2,604.5   -2,121.4 10.3% 43.5% -8,252.6 -6,116.7 34.9%
    Profit before income tax 1,027.6 456.0 1,020.4 651.1 737.4 125.3% 39.4% 2,504.0 1,860.3 34.6%
    Attributable Net income 867.4 270.7 722.6 467.6 556.2 220.4% 56.0% 1,860.7 1,352.2 37.6%
    Attributable Comprehensive income 874.5 475.3 744.8 472.6 560.9 84.0% 55.9% 2,094.7 1,405.8 49.0%
    Earnings per Share (AR$) 2.01 0.59 1.58 1.02 1.43
    Earnings per ADRs (AR$) 10.03 2.96 7.91 5.12 7.17
    Average Outstanding Shares (in millions) 456.7 456.7 456.7 456.7 387.3
    BALANCE SHEET sep 18 jun 18 mar 18 dec 17 sep 17 QoQ YoY
    Total Assets 146,122.7     120,789.0 96,569.6 92,202.4 81,557.9 21.0% 79.2%
    Average Assets1 128,633.2     104,287.2 90,832.7 85,498.9 73,226.9 23.3% 75.7%
    Total Loans & Leasing2 83,378.1 75,830.0 66,479.5 60,692.9 53,154.2 10.0% 56.9%
    Total Deposits 97,185.5 75,672.7 55,540.2 56,408.7 47,170.8 28.4% 106.0%
    Attributable Shareholders’ Equity 16,220.0 15,345.4 15,114.2 14,369.6 14,032.8 5.7% 15.6%
    Average Attributable Shareholders’ Equity1 15,638.9 15,044.8 14,490.1 14,188.7 10,824.9 3.9% 44.5%
    SEGMENTS sep 18 jun 18 mar 18 dec 17 sep 17 QoQ YoY
    Corporate Loan Portfolio 43,542.1 37,544.9 33,121.0 29,882.1 25,299.0 16.0% 72.1%
    SMEs & Middle Market 62% 65% 67% 65% 65%
    Large 38% 35% 33% 35% 35%
    Retail Loan Portfolio 29,649.8 27,426.6 24,137.2 21,382.0 19,685.1 8.1% 50.6%
    Senior Citizens 41% 43% 46% 48%
    Entrepreneurs 11% 11% 11% 11%
    Open Market Customers 34% 33% 33% 33%
    Mortgage 14% 13% 10% 7%
    Consumer Finance 7,895.5 8,144.0 7,901.1 7,523.1 6,519.7 -3.1% 21.1%
    KEY INDICATORS 3Q18 2Q18 1Q18 4Q17 3Q17 9M18 9M17
    Profitability & Efficiency
    ROAE 22.4% 12.6% 20.6% 13.3% 20.7% 18.4% 22.3%
    ROAA 2.7% 1.8% 3.3% 2.2% 3.1% 2.6% 2.8%
    Net Interest Margin 20.9% 19.2% 19.6% 20.0% 19.6% 19.9% 20.2%
    Net Financial Margin 18.2% 17.4% 19.9% 20.0% 19.8% 18.1% 20.7%
    Net Fee Income Ratio 21.4% 24.3% 22.3% 22.8% 25.2% 22.6% 26.7%
    Cost / Assets 9.7% 10.9% 11.1% 12.6% 12.0% 10.4% 12.7%
    Efficiency Ratio 59.3% 66.3% 59.0% 68.2% 63.5% 61.4% 66.5%
    Liquidity & Capital
    Loans to Total Deposits3 85.8% 100.2% 119.7% 107.6% 112.7%
    Liquidity Coverage Ratio (LCR)4 132.1% 139.0% 116.9% 113.9% 122.6%
    Total Equity/ Total Assets 11.1% 12.7% 15.7% 15.6% 17.2%
    Proforma ConsolidatedCapital / Risk weighted assets 5 13.8% 14.5% 17.0% 19.6% 20.7%
    Proforma Consolidated Tier1 Capital / Risk weighted assets 6 12.5% 13.1% 15.8% 18.4% 19.5%
    Risk Weighted Assets / Total Assets 70.5% 78.8% 88.1% 80.1% 85.2%
    Asset Quality
    NPL Ratio 3.7% 3.6% 3.2% 3.1% 3.1%
    Allowancesas a % of Total Loans 3.5% 3.3% 2.8% 2.6% 2.5%
    Coverage Ratio 94.0% 89.9% 89.7% 88.0% 85.2%
    Cost of Risk7 5.9% 5.6% 4.7% 4.4% 4.5% 5.4% 4.3%
    MACROECONOMIC RATIOS
    Retail Price Index (%)8 14.1% 8.8% 6.7% 6.1% 5.1%
    UVA (var) 10.0% 7.5% 6.9% 4.9% 4.3%
    Pesos/US$ Exchange Rate 40.90 28.86 20.14 18.77 17.32
    Badlar Interest Rate (eop) 43.3% 32.7% 22.6% 23.3% 21.8%
    Badlar Interest Rate (avg) 37.1% 27.3% 22.9% 22.5% 20.8%
    TM20 (eop) 44.1% 33.9% 22.6% 23.7% 22.8%
    TM20 (avg) 38.7% 28.6% 23.4% 23.4% 21.6%
    OPERATING DATA
    Active Customers (in millions) 1.9 1.9 1.9 1.9 1.9
    Access Points9 368 368 340 326 324
    Employees10 5,281 5,451 5,406 5,320 5,222 -3.1% 1.1%
    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 September 30, 2018, the liquidity amounted to Ps. 2.0 billion. This ratio has not been restated for 2017 quarters.
    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 the liquidity retained at Grupo Supervielle level after the equity offering, which is available for growth. As of September 30, 2018, the liquidity amounted to Ps.2.0 billion. This ratio has not been restated for 2017 quarters.
    7. 7. Cost of risk in 3Q18, excluding the AR$ 120 million additional voluntary loan loss provisions made to increase coverage, was 5.3%.
    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 32 Mila branches.
    10. 10. The decrease in the number of employees in 3Q18 reflects the reorganization process in the consumer finance business