BUENOS AIRES, Argentina--(BUSINESS WIRE)--
Grupo Supervielle S.A. (NYSE: SUPV) (“Supervielle”) announces the filing
of its annual report on Form 20-F and the corresponding audited
financial statements for the fiscal year ended December 31, 2018 with
the Securities and Exchange Commission.
It is worth noting that Company's financial statements from fiscal year
2018 are issued under the International Financial Reporting Standards
(“IFRS”) as adopted by the Central Bank of the Republic of Argentina
(the “BCRA”), i.e. excluding paragraph 5.5 Impairment of IFRS 9
Financial Instruments, and IAS 29 Financial Reporting in
Hyperinflationary Economies.
Notwithstanding the foregoing, in our Annual Report 20-F filed with the
SEC, the financial statements have been presented under IFRS without
exceptions, given that no partial adoption is admitted. Hence, by
presenting a balance sheet under full IFRS, reconciliation with US GAAP
was discontinued. These financial statements present significant
differences with those issued under the BCRA’s presentation standards,
since they include the expected loss model of IFRS 9 and the adjustment
for inflation set forth by IAS 29.
The 2018 Form 20-F and an explanation of the methodology for calculating
the adjustment for inflation and a reconciliation between the balance
sheet and income statement for the year ended December 31, 2018 under
BCRA presentation rules and under Full IFRS used in the Annual Report
20F can be downloaded from Supervielle's website www.gruposupervielle.com
under the SEC Filings section.
In addition, holders of Supervielle's securities and any other
interested parties may request a hard copy of our 2018 Form 20-F by
making a request through the Investor Relations website, writing to ri@gruposupervielle.com
or contacting the Investor Relations Department at (5411) 4324-8158.
About Grupo Supervielle S.A.
(NYSE: SUPV; BYMA: SUPV)
Grupo Supervielle S.A. (“Supervielle”) is a universal financial services
group located in Argentina that owns the eleventh largest bank in terms
of loans. Headquartered in Buenos Aires, Supervielle offers retail and
corporate banking, treasury, consumer finance, insurance, asset
management and other products and services nationwide to a broad
customer base including: individuals, small and medium-sized enterprises
and medium to large-sized companies. With origins dating back to 1887,
Supervielle operates through a multi-brand and multi-channel platform
with a strategic national footprint. As of March 31, 2019, Supervielle
had total assets of Ps. 164.9 billion under Argentine Banking GAAP. As
of the date of this report Supervielle had 325 access points and 1.8
million active customers. As of March 31, 2019, Grupo Supervielle had
456,722,322 shares outstanding and a free float of 64.6%. For
information about Grupo Supervielle, visit www.gruposupervielle.com.
For further information access http://www.gruposupervielle.com
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IR Contact:
Ana Bartesaghi
005411 4324 8132
ana.bartesaghi@supervielle.com.ar
Source: Grupo Supervielle S.A.