Grupo Supervielle Files 2023 Annual Report on Form 20-F

GRUPO SUPERVIELLE S.A. (NYSE: SUPV), known as “the Company,” has disclosed the filing of its annual report on Form 20-F for the fiscal year ended December 31, 2023, with the U.S. Securities and Exchange Commission (SEC) on April 26, 2024.

The financial statements for the year 2023 were prepared in accordance with the International Financial Reporting Standards (IFRS) as adopted by the Central Bank of the Republic of Argentina (BCRA). However, there were exceptions: (i) IFRS 9 “Financial Instruments” regarding expected credit losses of financial instruments in the public sector; (ii) the option to classify holdings in dual bonds at either amortized cost or fair value through other comprehensive income; and (iii) the optional application of IFRS 17 “Insurance Contracts” until mandated by the BCRA.

Despite these exceptions, the financial statements submitted to the SEC are presented under IFRS without any deviations, as partial adoption of IFRS is not permitted. Significant differences exist between the financial statements filed with the SEC and those issued under BCRA standards.

In accordance with New York Stock Exchange regulations, the Form 20-F is accessible on the Company’s website at Shareholders can also request a complimentary hard copy of the Company’s complete audited financial statements filed with the SEC by contacting the Investor Relations Department at [email protected].

About Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV):

Grupo Supervielle, with over 130 years of experience in Argentina, offers diverse financial and non-financial services, focusing on swift client solutions and adapting to industry changes. It operates multiple platforms and brands, catering to digital transformation needs. Since May 2016, Grupo Supervielle has been listed on the ByMA and NYSE. Its subsidiaries include Banco Supervielle (the eighth largest private bank in Argentina by loans), Supervielle Seguros (an insurance company), Supervielle Productores Asesores de Seguros (an insurance broker), Supervielle Asset Management (a mutual fund management company), Supervielle Agente de Negociación (a brokerage firm), IOL invertironline (an online trading broker), Portal Integral de Inversiones S.A.U (an online financial investment content platform), Espacio Cordial (offering retail non-financial products, assistance, services, and tourism), and MILA (specializing in car loan financing). Grupo Supervielle’s network comprises 136 bank branches, digital channels, virtual branches, and commercial partnerships, serving 1.9 million active clients.

As of the date of this press release, Sofital, a holding company owning shares in the same companies as Grupo Supervielle, is also part of the group. Additionally, IUDU Compañia Financiera S.A. and Tarjeta Automática S.A., previously engaged in consumer finance until September 2022, merged into Banco Supervielle effective December 2023.

Source Link

Newsletter Updates

Enter your email address below and subscribe to our newsletter