Grupo Supervielle S A : First Quarter 2024 Grupo Supervielle's Financial Statement as of March 31, 2024

Consolidated Condensed Interim Financial Statements

For the three-month period ended on

March 31, 2024, presented on comparative basis in homogeneous currency

Contents
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION	2
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION	3
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME	5
EARNING PER SHARE	5
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY	7
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY	8
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CASH FLOWS	9
1.	ACCOUNTING STANDARDS AND BASIS OF PREPARATION	11
2.	CRITICAL ACCOUNTING POLICIES AND ESTIMATES	18
3.	SEGMENT REPORTING	19
4.	FAIR VALUES	22
5.	CASH AND DUE FROM BANKS	25
6.	RELATED PARTY TRANSACTIONS	26

7. COMPOSITION OF THE MAIN ITEMS OF THE CONSOLIDATED STATEMENT OF FINANCIAL

POSITION AND CONSOLIDATED INCOME STATEMENT	26
8.	CONSIDERATIONS OF RESULTS	30
9.	INSURANCE	30
10.	ASSET MANAGEMENT AND OTHER SERVICES	30
11.	ADDITIONAL INFORMATION REQUIRED BY THE BCRA	31
12.	FINANCIAL RISK FACTORS	33
13.	REPURCHASE OF TREASURY SHARES	33

14. MERGE IUDÚ COMPAÑÍA FINANCIERA S.A. AND TARJETA AUTOMÁTICA S.A WITH BANCO

SUPERVIELLE S.A	34
15.	ECONOMIC CONTEXT IN WHICH THE COMPANY OPERATES	35
16.	TURNOVER TAX	36
17.	SUBSEQUENT EVENTS	37
SCHEDULE A - DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS, OTHER DEBT
SECURITIES, EQUITY INSTRUMENTS	38
SCHEDULE B - CLASSIFICATION OF LOANS AND OTHER FINANCING CREDIT ACCORDING TO STATUS
AND COLLATERAL RECEIVED	42
SCHEDULE C - CONCENTRATION OF LOANS AND OTHER FINANCING	44
SCHEDULE D - BREAKDOWN OF TOTAL LOANS AND OTHER FINANCING	45
SCHEDULE F - PROPERTY, PLANT AND EQUIPMENT	46
SCHEDULE G - INTANGIBLE ASSETS	47
SCHEDULE H - CONCENTRATION OF DEPOSITS	48
SCHEDULE I - BREAKDOWN OF FINANCIAL LIABILITIES FROM REMAINING TERMS	49
SCHEDULE L - ASSETS AND LIABILITIES IN FOREIGN CURRENCY	50
SCHEDULE R - ALLOWANCE FOR LOAN LOSSES	51
SEPARATE CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME	60
EARNING PER SHARE	61
SEPARATE CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY	63
1.	ACCOUNTING STANDARDS AND BASIS OF PREPARATION	66
2.	CASH AND DUE FROM BANKS	70
3.	FAIR VALUES	70
4.	INVESTMENT IN SUBSIDIARIES AND ASSOCIATES	72

5. COMPOSITION OF THE MAIN ITEMS OF THE SEPARATE STATEMENT OF COMPREHENSIVE

INCOME	73
6.	RESTRICTED ASSETS	74
7.	COMPANIES UNDER SECT, 33 OF CORPORATE LAW AND OTHER RELATED COMPANIES	75
8.	LOAN AND DEBT ESTIMATED TERMS	78
9.	CAPITAL STOCK	78
10.	FINANCIAL RISK FACTORS	79
11.	ECONOMIC CONTEXT IN WHICH THE COMPANY OPERATES	79
12.	SUBSEQUENT EVENTS	80
SCHEDULE A - DETAILS OF PUBLIC AND PRIVATE SECURITIES	81
SCHEDULE G - INTANGIBLE ASSETS	82
SCHEDULE L - ASSETS AND LIABILITIES IN FOREIGN CURRENCY	83

Consolidated Condensed Interim Financial Statements

For the three-month period ended on

March 31, 2024, presented on comparative basis in homogeneous currency

Name: Financial year:

Legal Address: Core Business:

1

GRUPO SUPERVIELLE S.A.

Grupo Supervielle S.A.

N° 49 started on January 1, 2024

Reconquista 330

Ciudad Autónoma de Buenos Aires

Carry out, on its own account or third parties' or related to third parties, in the country or abroad, financing activities through cash or instrument contributions to already-existing or to-be-set-up corporations, whether controlling such corporations or not, as well as the purchase and sale of securities, shares, debentures and any kind of property values, granting of fines and/or guarantees, set up or transfer of loans as guarantee, including real, or without it not including operations set forth by the Financial Entities Law and any other requiring public bidding.

Registration Number at the IGP:	212,617
Date of Registration at IGP:	October 15, 1980
Amendment of by-laws (last):	October 9, 2023
Expiration date of the Company's By-Laws:	October 15, 2079
Corporations Article 33 Companies general Law	Note 7 to Separate Financial Statements

Composition of Capital Stock as of March 31, 2024

	Shares			Capital Stock
			Votes per	Subscribed	Integrated
Quantity	Class	N.V. $	in thousands	in thousands
share
			of $	of $
61,738,188	A: Non endorsable, common shares	1	5	61,738	61,738
of a nominal value
394,984,134	B: Non endorsable, common shares	1	1	394,984	394,984
of a nominal value
456,722,322				456,722	456,722

2

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION As of March 31, 2024 and December 31, 2023

(Expressed in thousands of pesos in homogeneous currency)

ASSETS	Notes and	03/31/2024	12/31/2023
Schedules
Cash and due from banks	4 and 5	231,306,354	347,363,136
Cash		118,339,663	172,857,420
Financial institutions and correspondents		111,808,177	172,662,358
Argentine Central Bank		98,867,093	157,133,247
Other local and financial institutions		12,941,084	15,529,111
Others		1,158,514	1,843,358
Debt Securities at fair value through profit or loss	4, 10, 7.1 and
A	83,045,683	50,842,557
Derivatives	7.2 and 4	4,979,686	5,754,192
Reverse Repo transactions	4 and 7.3	833,817,491	1,145,818,976
Other financial assets	4, 10 and 7.4	40,198,477	70,643,066
Loans and other financing	4,7.5 and B	760,045,442	738,808,837
To the non-financial public sector		1,140,269	3,138,748
To the financial sector		7,486,270	6,074,801
To the Non-Financial Private Sector and Foreign residents		751,418,903	729,595,288
Other debt securities	4, 7.6 and A	285,777,324	403,567,799
Financial assets pledged as collateral	4 and 7.7	58,206,200	70,326,185
Investments in equity instruments	4 and A	821,348	554,913
Property, plant and equipment	F	76,432,173	77,557,077
Investment property	F	69,217,506	69,135,132
Intangible assets	G	100,756,468	102,548,035
Deferred income tax assets		1,121,525	18,510,832
Other non-financial assets	7.8	26,271,380	26,705,651
TOTAL ASSETS		2,571,997,057	3,128,136,388

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statement.

3

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION As of March 31, 2024 and December 31, 2023

(Expressed in thousands of pesos in homogeneous currency)

	Notes and	03/31/2024	12/31/2023
	Schedules
LIABILITIES
Deposits	4, 7.9 and H	1,774,840,227		2,348,514,041
Non-financial public sector			90,827,872		152,755,767
Financial sector			166,206		722,537
Non-financial private sector and foreign residents			1,683,846,149		2,195,035,737
Liabilities at fair value through profit or loss	4 and 7.10	2,545,832		921,714
Repo Transactions	4		-		1,425,749
Other financial liabilities	4 and 7.11	79,321,087		110,288,140
Financing received from the Argentine Central Bank and	4 and 7.12
other financial institutions	10,362,432		4,081,614
Current income tax liability	7.13		5,998,057		1,117,728
Provisions			39,073,301		22,588,125
Deferred income tax liabilities	7.14		4,660,133		2,460,597
Other non-financial liabilities			94,513,744		116,582,714
TOTAL LIABILITIES			2,011,314,813		2,607,980,422
SHAREHOLDERS' EQUITY
Capital stock			442,672		442,672
Paid in capital			385,936,165		385,936,165
Capital Adjustments			42,623,375		42,623,375
Own shares in portfolio			14,050		14,050
Comprehensive adjustment of shares in portfolio			4,472,436		4,472,436
Cost of treasury stock			(7,833,413)		(7,833,413)
Reserve			6,531,277		6,531,277
Retained earnings			77,864,389		(13,363)
Other comprehensive income			3,706,248		9,688,520
Net income for the period / year			46,466,832		77,877,752
Shareholders' Equity attributable to owners of the parent
company			560,224,031		519,739,471
Shareholders' Equity attributable to non-controlling interests			458,213		416,495
TOTAL SHAREHOLDERS' EQUITY			560,682,244		520,155,966
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			2,571,997,057	3,128,136,388

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

4

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

As of for three-month period on March 31, 2024 presented on comparative basis (Expressed in thousands of pesos in homogeneous currency)

	Notas y	03/31/2024	03/31/2023
	Anexos
Interest income	7.15	485,478,850	347,219,379
Interest expenses	7.16	(271,804,675)	(252,350,122)
Net interest income		213,674,175	94,869,257
Service fee income	7.18	29,282,667	34,634,273
Service fee expenses	7.19	(6,767,839)	(10,570,286)
Income from insurance activities	9 y 16	4,912,757	6,360,983
Net Service Fee Income		27,427,585	30,424,970
Subtotal		241,101,760	125,294,227
Net income from financial instruments (NIFFI) at fair value through	7.17	30,596,591	29,258,686
profit or loss
Result from assets withdrawals rated at amortized cost		53,294,441	(40,207)
Exchange rate difference on gold and foreign currency		1,492,342	2,000,889
Subtotal		85,383,374	31,219,368
Other operating income	7.20	6,745,475	8,178,921
Result from exposure to changes in the purchasing power of the		(106,146,383)	(20,360,632)
currency
Loan loss provisions		(7,973,392)	(11,430,331)
Net operating income		219,110,834	132,901,553
Personnel expenses	7.21	(58,636,683)	(56,531,980)
Administration expenses	7.22	(28,639,205)	(30,645,474)
Depreciations and impairment of non-financial assets	7.23	(8,950,169)	(10,425,804)
Other operating expenses	7.24	(50,489,364)	(28,744,211)
Operating income		72,395,413	6,554,084
Income before taxes from continuing operations		72,395,413	6,554,084
Income tax		(25,879,647)	(4,391,679)
Net income for the period		46,515,766	2,162,405
Net income for the period attributable to owners of the parent		46,466,832	2,162,219
company
Net income for the period attributable to non-controlling interests		48,934	186

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

5

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

EARNING PER SHARE

For three-month period on March 31, 2024 presented on comparative basis (Expressed in thousands of pesos in homogeneous currency)

	03/31/2024	03/31/2023
NUMERATOR
Net income or the period attributable to owners of the
parent company	46,466,832	2,162,219
PLUS: Diluting events inherent to potential ordinary
shares	-	-
Net income attributable to owners of the parent company
adjusted by dilution	46,466,832	2,162,219
DENOMINATOR
Weighted average of ordinary shares	442,672	442,897
PLUS: Weighted average of number of ordinary shares
issued with dilution effect.	-	-
NUMERATOR	442,672	442,897
Net income for the period attributable to owners of the
parent company
Basic Income per share	104.97	4.88
Diluted Income per share	104.97	4.88

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

.

6

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME

For three-month period on March 31, 2024 presented on comparative basis (Expressed in thousands of pesos in homogeneous currency)

	03/31/2024	03/31/2023
Net income for the period	46,515,766	2,162,405
Net income from equity instrument at fair value through changes
in other comprehensive income	(141,937)	(310,698)
Income for the period from equity instrument at fair value through
other comprehensive income
	(218,364)	(477,998)
Income tax	76,427	167,300
Total Other Comprehensive Income not to be reclassified to profit
or loss	(141,937)	(310,698)
Components of Other Comprehensive Income to be reclassified to
profit or loss
Foreign currency translation difference in financial statements
conversion	30,514	122,788
Foreign currency translation differences for the period	30,514	122,788
(Loss) from financial instrument at fair value through changes in
other comprehensive income	(5,878,065)	(139,722)
(Loss) for the year from financial instrument at fair value through other
comprehensive income	(9,256,874)	(214,957)
Income tax	3,378,809	75,235
Total Other Comprehensive Income to be reclassified to profit or
loss	(5,847,551)	(16,934)
Total Other Comprehensive Income	(5,989,488)	(327,632)
Other comprehensive income attributable to owners of the parent
company	(5,982,272)	(327,008)
Other comprehensive income attributable to non-controlling interests	(7,216)	(624)
Total Comprehensive income	40,526,278	1,834,773
Total comprehensive income attributable to owners of the parent
company	40,484,560	1,835,211
Total comprehensive income attributable to non-controlling interests	41,718	(438)

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.

7

GRUPO SUPERVIELLE S.A.

CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY

For the three-month period ended on March 31, 2024 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

										Other comprehensive income
												Earnings or	Total	Total
					Inflation							los accrued	Shareholders´
		Inflation									Shareholde
				adjustme	Cost of					Foreign	by financial	equity	Total
	Capital	adjustmen	Paid in	Treasury	Legal	Other	Retained		rs´ equity
Items	nt of	of treasury	Revaluation	currency	institutions	attributable	shareholders
Stock	t of capital	capital	shares	reserve	reserves	earnings	attributable
	treasury	shares	of PPE	translation	at FV	to non-	´
		stock						to parent
				shares						differences	through	controlling	equity
										company
												profit and	interest
												loss
Balance at December 31, 2023	442,672	42,623,375	385,936,165	14,050	4,472,436	(7,833,413)	-	6,531,277	77,864,389	3,156,213	963,459	5,568,848	519,739,471	416,495	520,155,966
Net income for the period	-	-	-	-	-	-	-	-	46,466,832	-	-	-	46,466,832	48,934	46,515,766
Other comprehensive loss for the period	-	-	-	-	-	-	-	-	-	-	30,514	(6,012,786)	(5,982,272)	(7,216)	(5,989,488)
Balance at March 31, 2024	442,672	42,623,375	385,936,165	14,050	4,472,436	(7,833,413)	-	6,531,277	124,331,221	3,156,213	993,973	(443,938)	560,224,031	458,213	560,682,244

The accompanying notes and schedules are an integral part of the Consolidated Condensed Interim Financial Statements.