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Grupo Supervielle S.A. (NYSE: SUPV) announced the filing of its 2023 Annual Report on Form 20-F with the SEC, showcasing financial statements under IFRS with exceptions. Shareholders can access the report online or request a hard copy for free.
Grupo Supervielle S.A. (NYSE: SUPV) ha annunciato la presentazione del suo Rapporto Annuale 2023 sul modulo 20-F alla SEC, esponendo i bilanci secondo gli IFRS con alcune eccezioni. Gli azionisti possono consultare il rapporto online o richiedere una copia cartacea gratuitamente.
Grupo Supervielle S.A. (NYSE: SUPV) anunció la presentación de su Informe Anual 2023 en el Formulario 20-F ante la SEC, mostrando los estados financieros bajo normas IFRS con algunas excepciones. Los accionistas pueden acceder al informe en línea o solicitar una copia impresa sin costo.
그루포 수퍼비엘레 S.A. (NYSE: SUPV)가 SEC에 2023년 연차 보고서를 Form 20-F로 제출했다고 발표했습니다. 이 보고서는 일부 예외를 포함한 IFRS에 따라 재무 제표를 제시하고 있습니다. 주주들은 온라인으로 보고서를 열람하거나 무료로 인쇄본을 요청할 수 있습니다.
Grupo Supervielle S.A. (NYSE: SUPV) a annoncé le dépôt de son Rapport Annuel 2023 sur le formulaire 20-F auprès de la SEC, présentant les états financiers selon les IFRS avec des exceptions. Les actionnaires peuvent accéder au rapport en ligne ou demander une copie papier gratuitement.
Grupo Supervielle S.A. (NYSE: SUPV) hat die Einreichung seines Jahresberichts 2023 auf Formular 20-F bei der SEC bekannt gegeben, der die Finanzberichte gemäß IFRS mit Ausnahmen darstellt. Aktionäre können den Bericht online einsehen oder kostenlos eine gedruckte Kopie anfordern.
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Insights
Grupo Supervielle's disclosure of their annual report on Form 20-F indicates a significant level of transparency, important for investor confidence. The deviation from IFRS as adopted by the BCRA to a full IFRS compliance in the SEC filing could mean restatements that affect the perceived financial health of the company. As an investor, one should closely examine any major financial discrepancies between the two sets of financial statements, as these could impact the company's valuation and the stock price. In the long-term, the alignment with IFRS without exceptions could streamline financial comparison with peer companies globally, potentially attracting more international investors.
The requirement to file under IFRS without exceptions for SEC compliance indicates adherence to stringent regulatory standards, which is beneficial for the legal standing of Grupo Supervielle with international investors. However, the differences between financial statements filed under BCRA standards and those with the SEC could raise questions regarding the robustness of internal financial controls and reporting consistency. This might lead to increased scrutiny by regulators and investors, particularly if the differences are material. It's also important to note shareholders' rights to access hard copies of the audited financial statements, free of charge, which demonstrates the company's commitment to regulatory compliance and transparency.
BUENOS AIRES, Argentina--(BUSINESS WIRE)--
GRUPO SUPERVIELLE S.A. (NYSE: SUPV) (“the Company”) announced that on April 26, 2024, the Company filed its annual report on Form 20-F for the year ended December 31, 2023 with the U.S. Securities and Exchange Commission (the “SEC”).
The Company’s financial statements for the year ended 2023 were issued under the International Financial Reporting Standards (“IFRS”) as adopted by the Central Bank of the Republic of Argentina (the “BCRA”), subject to the following exceptions: (i) IFRS 9 “Financial Instruments” with respect to expected credit loss of financial instruments of the public sector; (ii) option to classify holdings in dual bonds at amortized cost or fair value through other comprehensive income; and (iii) the application of IFRS 17 "Insurance Contracts" will be optional until the BCRA makes it mandatory.
Notwithstanding the foregoing, the Company’s financial statements filed with the SEC have been presented under IFRS without exceptions, given that no partial adoption of IFRS is permitted. The Company’s financial statements filed with the SEC present significant differences with respect to the Company’s financial statements issued under the BCRA standards.
In compliance with the New York Stock Exchange rules, the Form 20-F is available on the Company’s website at http://www.gruposupervielle.com. In addition, all shareholders of the Company may request, free of charge, a hard copy of the Company’s complete audited financial statements filed with the SEC. To request a hard copy of the Company’s audited financial statements, or for any other inquiry in respect of this press release, please contact the Investor Relations Department of the Company, whose contact information is as follows: IR-GrupoSupervielle@gruposupervielle.com.ar
About Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV)
Grupo Supervielle provides a wide range of financial and non-financial services to its clients and have more than 130 years of experience operating in Argentina. Grupo Supervielle is focused on offering fast solutions to its clients and effectively adapting to evolving changes within the industries in which Grupo Supervielle operates. Grupo Supervielle operates multiple platforms and brands and has developed a diverse ecosystem to respond to its clients’ needs and digital transformation. Since May 2016, the shares of Grupo Supervielle are listed on the ByMA and NYSE. The subsidiaries of Grupo Supervielle are: (i) Banco Supervielle, which is the eighth largest private bank in Argentina in terms of loans; (ii) Supervielle Seguros, an insurance company; (iii) Supervielle Productores Asesores de Seguros, an insurance broker; (iv) Supervielle Asset Management, a mutual fund management company; (v) Supervielle Agente de Negociación, a brokerage firm offering services to institutional and corporate customers, (vi) IOL invertironline, an online trading broker; (vii) Portal Integral de Inversiones S.A.U, a platform that offers online content related to financial investments, (viii) Espacio Cordial, an entity offering retail non-financial products, assistance, services and tourism, and (ix) MILA, a company specialized in the financing of car loans. IUDU Compañia Financiera S.A. and Tarjeta Automática S.A., which had operations in the consumer finance segment until September 2022, merged into Banco Supervielle effective December 2023. Sofital, a holding company that owns shares of the same companies owned by Grupo Supervielle, is also part of our group. As of the date of this press release, Grupo Supervielle’s network includes 136 bank branches, digital channels and virtual branches, and commercial partnerships, serving 1.9 million active clients.
When did Grupo Supervielle file its 2023 Annual Report on Form 20-F?
Grupo Supervielle filed its 2023 Annual Report on Form 20-F on April 26, 2024.
Under which standards were Grupo Supervielle's financial statements for 2023 issued?
Grupo Supervielle's financial statements for 2023 were issued under the IFRS adopted by the BCRA, with specific exceptions.
Where can shareholders access Grupo Supervielle's Form 20-F?
Shareholders can access Grupo Supervielle's Form 20-F on the Company's website at http://www.gruposupervielle.com.
How can shareholders request a hard copy of Grupo Supervielle's audited financial statements?
Shareholders can request a hard copy of Grupo Supervielle's audited financial statements for free by contacting the Investor Relations Department at IR-GrupoSupervielle@gruposupervielle.com.ar.
