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Stock impact report

Grupo Supervielle Reports 3Q24 and 9M24 Results [Yahoo! Finance]

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: Yahoo! Finance
BUENOS AIRES, Argentina, November 25, 2024 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-month period ended September 30, 2024. 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 Commentary Commenting on third quarter 2024 results, Patricio Supervielle, Grupo Supervielle's Chairman & CEO, noted: "Growth momentum continued into 3Q24, with our loan book expanding 15% sequentially and 60% year-to-date in real terms, underscoring solid credit demand. As anticipated, Net Interest Margin adjusted to a normalized 25%, aligned with current market conditions. Fee income remained strong - up 28% sequentially - driven by banking, asset management, and online brokerage operatio Show less Read more
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