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Stock impact report

Grupo Supervielle Reports 3Q23 Results

Grupo Supervielle S.A. American Depositary Shares each Representing five Class B shares (SUPV) 
Last grupo supervielle s.a. american depositary shares each representing five class b shares earnings: 2/19 04:38 pm Check Earnings Report
Company Research Source: Business Wire
Delivering improved profitability with ROE at 18.5% in 3Q23, and 12.9% in 9M23 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, today reported results for the three and nine-months period ended September 30, 2023.Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank.Management CommentaryCommenting on third quarter 2023 results, Patricio Supervielle, Grupo Supervielle’s Chairman & CEO, noted: “We are pleased to report another quarter with improved profitability and ROAE reaching 18.5% in real terms. We accomplished this as we continue executing our strategic plan while navigating an increasingly complex macroeconomic and political environment.NIM, at 29%, remained high in the quarter, supported principally Show less Read more
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