BUENOS AIRES, Argentina--(BUSINESS WIRE)--
Grupo Supervielle S.A. (NYSE: SUPV) (BYMA: SUPV), (“Supervielle”
or the “Company”) a universal financial services group headquartered in
Argentina with a nationwide presence, announced today that it plans to
expand and enhance its capital markets and investment banking business.
Roberto Garcia Guevara, who recently joined the Company, will play a key
role in leading and implementing the roll out of the strategy.
Patricio Supervielle, Grupo Supervielle's Chairman and CEO, noted: “With
our long history in the local capital markets and our recognized
specialized teams, we aim to expand our business opportunities by
offering long-term financing through the issuance of equity, corporate
debt and other capital market instruments that are underdeveloped in
Argentina as compared to other countries in the region. In this context,
we are strengthening our leadership in investment banking through hiring
Roberto who is a highly experienced banker and will further the
achievement of this strategic goal. Based on the significant growth
potential we see in Argentina today for the investment banking business
overall, and robust credit demand within our corporate client base in
particular, evidenced in the 63% growth in corporate loans achieved
during 2017, we believe this is the right time to expand our product
offerings.”
Roberto Garcia Guevara brings broad experience and an extensive career
in investment banking, research and corporate finance, having worked for
the last 27 years in prestigious global and local investment banking
institutions including Baring Securities, Merrill Lynch, UBS Pactual,
Raymond James and AR Partners, among others.
About Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Grupo Supervielle S.A. (“Supervielle”) is a holding company with a long
standing presence in the Argentine financial system and a competitive
leadership position in certain attractive market segments. It was
founded by the Supervielle family, which took its first steps in the
banking sector in 1887 and is now controlled by Patricio Supervielle.
Its shares are listed in BYMA and NYSE since May 2016. Grupo Supervielle
has developed a multi-brand business model to differentiate financial
products and services offered to a broad spectrum of individuals, small
and medium-sized enterprises and large companies in Argentina. To date,
it is made up of Banco Supervielle, Cordial Compañía Financiera, Tarjeta
Automática, Supervielle Seguros, Espacio Cordial de Servicios,
Supervielle Asset Management and Sofital.
Safe Harbor Statement
This press release contains certain forward-looking statements that
reflect the current views and/or expectations of Grupo Supervielle and
its management with respect to its performance, business and future
events. We use words such as “believe,” “anticipate,” “plan,” “expect,”
“intend,” “target,” “estimate,” “project,” “predict,” “forecast,”
“guideline,” “seek,” “future,” “should” and other similar expressions to
identify forward-looking statements, but they are not the only way we
identify such statements. Such statements are subject to a number of
risks, uncertainties and assumptions. We caution you that a number of
important factors could cause actual results to differ materially from
the plans, objectives, expectations, estimates and intentions expressed
in this release. Actual results, performance or events may differ
materially from those in such statements due to, without limitation, (i)
changes in general economic, financial, business, political, legal,
social or other conditions in Argentina or elsewhere in Latin America or
changes in either developed or emerging markets, (ii) changes in
regional, national and international business and economic conditions,
including inflation, (iii) changes in interest rates and the cost of
deposits, which may, among other things, affect margins, (iv)
unanticipated increases in financing or other costs or the inability to
obtain additional debt or equity financing on attractive terms, which
may limit our ability to fund existing operations and to finance new
activities, (v) changes in government regulation, including tax and
banking regulations, (vi) changes in the policies of Argentine
authorities, (vii) adverse legal or regulatory disputes or proceedings,
(viii) competition in banking and financial services, (ix) changes in
the financial condition, creditworthiness or solvency of the customers,
debtors or counterparties of Grupo Supervielle, (x) increase in the
allowances for loan losses, (xi) technological changes or an inability
to implement new technologies, (xii) changes in consumer spending and
saving habits, (xiii) the ability to implement our business strategy and
(xiv) fluctuations in the exchange rate of the Peso. The matters
discussed herein may also be affected by risks and uncertainties
described from time to time in Grupo Supervielle’s filings with the U.S.
Securities and Exchange Commission (SEC) and Comisión Nacional de
Valores (CNV). Readers are cautioned not to place undue reliance on
forward-looking statements, which speak only as the date of this
document. Grupo Supervielle is under no obligation and expressly
disclaims any intention or obligation to update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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Source: Grupo Supervielle S.A.