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Grupo Supervielle S.A. Reports 2Q17 Consolidated Results

GRUPO SUPERVIELLE SA (SUPV)  More Company Research Source: Business Wire
Last grupo supervielle sa earnings: 2/16 06:22 pm Check Earnings Report
PDF 2Q17 Net Income up 245% YoY and 52% QoQ Net income, excluding non-recurring items, doubled YoY and 22% QoQ driven by NIM growth and higher efficiency BUENOS AIRES, Argentina--(BUSINESS WIRE)-- Grupo Supervielle S.A. (NYSE: SUPV) (BASE: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported unaudited results for the three and six-month periods ended June 30, 2017. All figures presented throughout this document are expressed in nominal Argentine pesos (AR$) and all financial information has been prepared in accordance with Argentine Banking GAAP. Second Quarter 2017 Highlights Net income of AR$579.7 million, up 245.2% YoY, and 51.8% QoQ. ROAE of 31.2% in 2Q17. This compares with ROAE of 15.6% in 2Q16 and 21.8% in 1Q17. ROAA of 3.6% in 2Q17, compared to 1.8% in 2Q16 and 2.6% in 1Q1 [Read more]

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