Grupo Supervielle Reports 3Q23 Results - Seite 2

With an optimized branch network and enhanced digital capabilities, we are serving more clients, more efficiently, while also increasing cross-selling to our existing customer base. Noteworthy, this quarter we reached our goal of originating 50% of our personal loans digitally. Moreover, the number of retail clients investing in our money market funds 24/7 through our App, a unique service among banks, expanded by 10x to 100,000 year-on-year and AUM multiplied by 6x in nominal terms, as customers continue to use this platform to protect transactional funds against inflation. As the sole bank and first mover, we believe we can maintain a strong competitive position going forward.

The successful advancement of our strategic priorities for the corporate segment is also yielding new clients and a recovery in market share. This is evident in the 40% sequential increase in corporate loans in nominal terms and above inflation. On this front, we continued to add digital functionalities and completed our digital offering of working capital financing products. This has enabled us to gain share of wallet and increase market share in foreign trade financing and sight deposit balances, while continuously improving NPS in related segments in a multi-year program.

Lastly, IOL, our online broker, continued to drive fee growth, demonstrating our ability to acquire and retain customers, with monthly active users increasing by 4x to 210,000, new accounts by over 7x, and transactions by 4x year-on-year.

Looking ahead, president-elect Javier Milei has committed to introducing major reforms to eliminate the fiscal deficit, deregulate capital flows, and move Argentina into an open market economy with a sustainable economic model. This is good news since it addresses long-standing structural imbalances in our economy. In the short run, we expect this adjustment to impact economic activity and inflation. At Supervielle, we are prepared to navigate these near-term challenges with 100% of our capital hedged against inflation and look forward to leveraging our agility to rebound strongly when the economy begins to stabilize and grow again supported by a strong 16.9% Tier 1 capital ratio,” concluded Mr. Supervielle.