Key Indicators

    Financial Performance & Key Indicators

    Income Statement

    (In millions of Argentine Ps.)
    % Change

    3Q19 2Q19 1Q19 4Q18 3Q18 QoQ YoY
    Net Interest Income 1,523.8 1,370.66 1,218.3 2,023.2 2,722.9 11.2% -44.0%
    NIFFI & Exchange Rate Differences 3,754.4 5,189.6 4,259.4 3,235.0 1,663.4 -27.7% 125.7%
    Net Financial Income 5,278.1 6,560.2 5,477.7 5,258.1 4,386.2 -19.5% 20.3%
    Net Service Fee Income (excluding income from insurance activities) 1,348.5 1,241.7 1,227.8 1,065.1 1,026.9 8.6% 31.3%
    Income from Insurance activities 258.1 217.2 204.0 180.4 183.1 18.9% 41.0%
    Loan Loss Provisions -2,007.4 -1,210.7 -1,893.0 -1,382.8 -1,122.5 65.8% 78.8%
    Personnel & Administrative Expenses -4,265.4 -4,395.8 -3,597.7 -3,591.2   -3,045.2 -3.0% 40.1%
    Profit before income tax -116.5 1,566.1 748.7 903.8 1,027.6 -107.4% -111.3%
    Attributable Net income 301.0 1,901.5 589.1 706.8 867.4 -84.2% -65.3%
    Attributable Comprehensive income 732.1 1,909.3 615.4 935.3 874.5 -61.7% -16.3%
    Earnings per Share (AR$) 0.66 4.16 1.29 1.55 2.01 222.8% 602.4%
    Earnings per ADRs (AR$) 3.30 20.82 6.45 7.75 10.03 222.8% 602.4%
    Average Outstanding Shares (in millions) 456.7 456.7 456.7 456.7 456.7

    Balance Sheet

    (In millions of Argentine Ps.)



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


    Total Assets 159,815.8 166,144.7 163,849.3 141,115.5 146,122.7 -3.8% 9.4%


    Average Assets1 165,375.6 162,952.7 156,054.4 143,525.2 128,633.2 1.5% 28.6%


    Total Loans & Leasing2 87,524.6 82,117.7 81,827.1 80,171.5 83,378.1 6.6% 5.0%


    Total Deposits 102,060.3 112,638.3 109,676.8 94,906.0 97,185.5 -9.4% 5.0%


    Attributable Shareholders’ Equity 20,109.7 19,377.6 17,771.0 17,155.6 16,220.0 3.8% 24.0%


    Average Attributable Shareholders’ Equity1 19,347.7 18,015.9 17,361.2 16,547.0 15,638.9 7.4% 23.7%


    Segments

    (In millions of Argentine Ps.)



    3Q19 2Q19 1Q19 4Q18 3Q18


    Corporate Loan Portfolio 42,606.3 38,910.7 38,042.8 38,936.9 43,542.1


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


    Large 41% 43% 41% 39% 38%


    Retail Loan Portfolio 33,396.6 32,015.6 31,339.9 31,093.9 29,649.8


    Senior Citizens 39.9% 41.3% 42% 42% 41%


    Entrepreneurs 8.7% 9.6% 11% 11% 11%


    Open Market Customers 38.4% 35.7% 34% 33% 34%


    Mortgage 12.9% 13.5% 13% 14% 14%


    Consumer Finance 6,195.7 6,419.8 7,153.9 7,531.7 7,945.5


    Key Indicators

    (In millions of Argentine Ps.)



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




    ROAE 6.2% 42.2% 13.6% 17.1% 22.2%
    ROAA 0.7% 4.7% 1.5% 2.0% 2.7%
    Net Interest Margin (NIM) 17.4% 22.1% 19.1% 20.3% 18.2%
    Net Fee Income Ratio 23.3% 18.2% 20.7% 19.2% 21.4%
    Cost / Assets 10.9% 11.3% 9.7% 10.3 9.7%
    Efficiency Ratio 70.4% 62.4% 59.0% 61.9% 59.3%
    Liquidity & Capital




    Loans to Total Deposits3 85.8% 72.9% 74.6% 84.5% 85.8%
    Liquidity Coverage Ratio (LCR)4 141.7% 164.5% 143.9% 173.4% 132.1%
    Total Equity/ Total Assets 12.6% 11.7% 10.8% 12.2% 11.1%
    Capital / Risk weighted assets (Proforma Consolidated) 5 12.8% 12.9% 13.2% 14.0% 13.8%
    Tier1 Capital / Risk weighted assets (Proforma Consolidated) 6 11.8% 11.9% 12.1%7 12.9% 12.5%
    Risk Weighted Assets / Total Assets 76.7% 68.5% 67.9% 73.0% 70.5%
    Asset Quality




    NPL Ratio 6.9% 5.1% 5.3% 4.1% 3.7%
    Allowancesas a % of Total Loans 6.0% 5.5% 5.3% 4.1% 3.5%
    Coverage Ratio 86.1% 107.7% 100.0% 100.0% 94.0%
    Cost of Risk7 9.6% 6.0% 9.9% 7.0% 5.9%

    Macroeconomic Ratios

    (In millions of Argentine Ps.)



    3Q19 2Q19 1Q19 4Q18 3Q18
    Retail Price Index (%)8 12.5% 9.2% 11.8% 11.5% 14.1%
    Avg. Retail Price Index (%) 54.1% 55.6% 51.2% 46.9% 35.1%
    UVA (var) 8.5% 12.0% 9.4% 16.2% 10.0%
    Pesos/US$ Exchange Rate 57.56 42.45 43.35 37.81 40.90
    Badlar Interest Rate (eop) 58.9% 47.5% 45.7% 49.5% 43.3%
    Badlar Interest Rate (avg) 54.7% 50.9% 41.8% 50.2% 37.1%
    Monetary Policy Rate (eop) 78.4% 62.7% 68.2% 65.4% 48.0%
    Monetary Policy Rate (avg) 71.5% 66.8% 55.8% 59.3% 65.0%

    Operating Data

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

    Active Customers (in millions) 1.8 1.8 1.8 1.8 1.9

    Access Points9 324 325 325 325 351

    Employees 5,225 5,196 5,264 5,307 5,281 0.6% -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. This ratio includes the liquidity held at the holding company level.
    4. 4. 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, 2019, the liquidity amounted to AR$ 654 milion.
    5. 5. 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$654 million retained at the holding company which are available for growth.
    6. 6. 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%.
    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 decrease in the number of Access Points in 4Q18, reflects the closing of certain consumer finance sales points.