Grupo Supervielle S A : Financial Statement as of September 30, 2023

Consolidated Condensed Interim Financial Statements

For the nine-month period ended on

September 30, 2023, presented on comparative basis in homogeneous currency

Contents
CONSOLIDATED CONDENSED INTERIM STATEMENT OF FINANCIAL POSITION	2
CONSOLIDATED CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME	4
EARNING PER SHARE	5
CONSOLIDATED CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY	7
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	25

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	DEFINITIVE COMMITMENT TO 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	34
16.	TURNOVER TAX	36
17.	SUBSEQUENT EVENTS	36
SCHEDULE A - DEBT SECURITIES AT FAIR VALUE THROUGH PROFIT OR LOSS, OTHER DEBT
SECURITIES, EQUITY INSTRUMENTS	37
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 FINANCIAL POSITION	59
SEPARATE CONDENSED INTERIM STATEMENT OF COMPREHENSIVE INCOME	60
EARNING PER SHARE	61
SEPARATE CONDENSED INTERIM STATEMENT OF CHANGES IN SHAREHOLDERS´ EQUITY	63
SEPARATE CONDENSED INTERIM STATEMENT OF CASH FLOW	65
1.	ACCOUNTING STANDARDS AND BASIS OF PREPARATION	66
2.	CASH AND DUE FROM BANKS	71
3.	FAIR VALUES	71
4.	INVESTMENT IN SUBSIDIARIES AND ASSOCIATES	73

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

INCOME	74
6.	RESTRICTED ASSETS	76
7.	COMPANIES UNDER SECT, 33 OF CORPORATE LAW AND OTHER RELATED COMPANIES	76
8.	LOAN AND DEBT ESTIMATED TERMS	80
9.	CAPITAL STOCK	80
10.	FINANCIAL RISK FACTORS	81
11.	RESTRICTIONS ON THE DISTRIBUTION OF PROFITS	81
12.	ECONOMIC CONTEXT IN WHICH THE COMPANY OPERATES	81
13.	SUBSEQUENT EVENTS	82
SCHEDULE A - DETAILS OF PUBLIC AND PRIVATE SECURITIES	83
SCHEDULE G - INTANGIBLE ASSETS	84
SCHEDULE L - ASSETS AND LIABILITIES IN FOREIGN CURRENCY	85

Consolidated Condensed Interim Financial Statements

For the nine-month period ended on

September 30, 2023, presented on comparative basis in homogeneous currency

Name: Financial year:

Legal Address: Core Business:

1

GRUPO SUPERVIELLE S.A.

Grupo Supervielle S.A.

N° 48 started on January 1, 2023

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 September 30, 2023

	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 September 30, 2023 and December 31, 2022

(Expressed in thousands of pesos in homogeneous currency)

ASSETS	Notes and	09/30/2023	12/31/2022
Schedules
Cash and due from banks	4 and 5	100,357,695	98,323,932
Cash		42,779,815	38,846,803
Financial institutions and correspondents		57,273,559	59,419,012
Argentine Central Bank		54,824,632	55,225,359
Other local and financial institutions		2,448,927	4,193,653
Others		304,321	58,117
Debt Securities at fair value through profit or loss	4, 5, 7.1 and
A	33,814,918	35,912,959
Derivatives	7.2 and 4	2,779,893	600,423
Reverse Repo transactions	4 and 7.3	179,914,458	43,842,876
Other financial assets	4, 5 and 7.4	37,776,128	16,469,684
Loans and other financing	4,7.5 and B	376,481,309	474,817,180
To the non-financial public sector		506,699	564,154
To the financial sector		1,444,951	1,309,374
To the Non-Financial Private Sector and Foreign residents		374,529,659	472,943,652
Other debt securities	4, 7.6 and A	390,300,660	563,095,354
Financial assets pledged as collateral	4 and 7.7	24,851,719	29,393,217
Current income tax assets		1,768,235	1,982,901
Investments in equity instruments	4 and A	797,498	1,020,955
Property, plant and equipment	F	34,173,848	37,326,513
Investment property	F	34,336,407	34,338,695
Intangible assets	G	45,088,899	45,253,584
Deferred income tax assets		15,832,341	24,157,363
Other non-financial assets	7.8	13,414,071	10,175,499
Inventories	7.9	-	136,294
TOTAL ASSETS		1,291,688,079	1,416,847,429

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 September 30, 2023 and December 31, 2022

(Expressed in thousands of pesos in homogeneous currency)

	Notes and	09/30/2022	12/31/2022
	Schedules
LIABILITIES
Deposits	4, 7.10 and H	969,043,463	1,112,285,329
Non-financial public sector		115,621,783	56,563,528
Financial sector		124,053	206,056
Non-financial private sector and foreign residents		853,297,627	1,055,515,745
Liabilities at fair value through profit or loss	4 and 7.11	1,189	4,345,742
Repo Transactions	4	732,933	-
Other financial liabilities	4 and 7.12	48,006,944	36,781,441
Financing received from the Argentine Central Bank and	4 and 7.13
other financial institutions	5,797,493	11,233,584
Unsubordinated debt securities	4	-	1,140,507
Provisions	7.14	3,932,115	3,436,614
Deferred income tax liabilities		1,114,978	369,812
Other non-financial liabilities	7.15	56,213,340	58,498,085
TOTAL LIABILITIES		1,084,842,455	1,228,091,114
SHAREHOLDERS' EQUITY
Capital stock		442,672	444,411
Paid in capital		166,051,557	172,373,396
Capital Adjustments		18,086,776	18,324,071
Own shares in portfolio		14,050	12,311
Comprehensive adjustment of shares in portfolio		1,916,290	1,678,995
Cost of treasury stock		(3,370,375)	(2,810,121)
Reserve		2,810,121	12,596,198
Retained earnings		(5,750)	(7,200,270)
Other comprehensive income		1,883,572	2,101,116
Net income for the period / year		18,852,566	(8,913,396)
Shareholders' Equity attributable to owners of the parent
company		206,681,479	188,606,711
Shareholders' Equity attributable to non-controlling interests		164,145	149,604
TOTAL SHAREHOLDERS' EQUITY		206,845,624	188,756,315
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY		1,291,688,079	1,416,847,429

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

For the nine and three-month period on September 30, 2023, presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

		Nine-month period ending on	Three-month period ending
	Note	on
		09/30/2023	09/30/2022	09/30/2023	09/30/2022
Interest income	7.16	564,561,719	362,203,613	233,211,020	138,540,104
Interest expenses	7.17	(406,050,677)	(228,493,581)	(168,152,119)	(90,687,314)
Net interest income		158,511,042	133,710,032	65,058,901	47,852,790
Service fee income	7.19	45,742,714	46,944,858	16,041,887	14,797,263
Service fee expenses	7.20	(12,139,421)	(16,796,556)	(3,657,411)	(5,274,432)
Income from insurance activities	9	6,996,751	7,020,699	2,196,896	2,231,947
Net Service Fee Income		40,600,044	37,169,001	14,581,372	11,754,778
Subtotal		199,111,086	170,879,033	79,640,273	59,607,568
Net income from financial instruments (NIFFI) at fair	7.18
value through profit or loss	33,768,833	28,949,530	9,671,348	9,387,196
Result from assets withdrawals rated at amortized cost		1,753,379	1,069,445	1,518,671	(53,386)
Exchange rate difference on gold and foreign currency		1,736,787	4,542,617	(45,106)	1,521,947
Subtotal		37,258,999	34,561,592	11,144,913	10,855,757
Other operating income	7.21	11,076,695	14,254,080	3,504,163	5,223,093
Result from exposure to changes in the purchasing
power of the currency		(38,753,423)	(28,590,031)	(19,838,189)	(10,093,224)
Loan loss provisions		(14,046,694)	(20,709,392)	(4,349,826)	(5,345,913)
Net operating income		194,646,663	170,395,282	70,101,334	60,247,281
Personnel expenses	7.22	(76,027,466)	(82,537,665)	(24,319,714)	(25,918,082)
Administration expenses	7.23	(39,677,983)	(43,393,981)	(13,610,806)	(15,516,554)
Depreciations and impairment of non-financial assets	7.24	(13,695,031)	(13,433,976)	(4,309,145)	(4,347,007)
Other operating expenses	7.25	(35,055,370)	(36,643,368)	(12,643,627)	(13,060,074)
Operating income		30,190,813	(5,613,708)	15,218,042	1,405,564
(Loss) before taxes from continuing operations		30,190,813	(5,613,708)	15,218,042	1,405,564
Income tax		11,323,279	1,699,276	5,726,578	2,742,411
Net (loss) for the period		18,867,534	(7,312,984)	9,491,464	(1,336,847)
Net (loss) for the period attributable to owners of the
parent company		18,852,566	(7,305,277)	9,483,084	(1,335,169)
Net (loss) for the period attributable to non-controlling
interests		14,968	(7,707)	8,380	(1,678)

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 the nine and three-month period on September 30, 2023, presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	Nine-month period	Three-month period
	ending on	ending on
	09/30/2023	09/30/2022	09/30/2023	09/30/2022
NUMERATOR
Net (loss) for the period attributable to owners of the parent	18,852,566	(7,305,277)	9,483,084	(1,335,169)
company
PLUS: Diluting events inherent to potential ordinary shares	-	-	-	-
Net (loss) attributable to owners of the parent company	18,852,566	(7,305,277)	9,483,084	(1,335,169)
adjusted by dilution
DENOMINATOR
Weighted average of ordinary shares	442,746	456,332	442,672	455,565
PLUS: Weighted average of number of ordinary shares	-	-	-	-
issued with dilution effect.
Weighted average of number of ordinary shares issued of	442,746	456,332	442,672	455,565
the year adjusted by dilution effect
Basic Income per share	42.58	(16.01)	21.41	(2.93)
Diluted Income per share	42.58	(16.01)	21.41	(2.93)

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 the nine and three-month period on September 30, 2023 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

	Nine-month period ending	Three-month period
	on		ending on
	09/30/2023		09/30/2022	09/30/2023	09/30/2022
Net (loss) for the period	18,867,534		(7,312,984)	9,491,464	(1,336,847)
Components of Other Comprehensive Income not to be
reclassified to profit or loss
Net income from equity instrument at fair value through
changes in other comprehensive income	(274,011)		(82,694)	(94,493)	6,477
Income for the period from equity instrument at fair value
through other comprehensive income	(421,556)		(127,222)	(145,374)	9,964
Income tax	147,545		44,528	50,881	(3,487)
Total Other Comprehensive Income not to be reclassified to
profit or loss	(274,011)		(82,694)	(94,493)	6,477
Components of Other Comprehensive Income to be
reclassified to profit or loss
Foreign currency translation difference in financial
statements conversion	135,913		80,511	41,553	23,983
Foreign currency translation differences for the period	135,913		80,511	41,553	23,983
(Loss) from financial instrument at fair value through
changes in other comprehensive income	(79,873)		(1,688,443)	(187,322)	709,947
(Loss) for the year from financial instrument at fair value through
other comprehensive income	(128,862)		(2,583,015)	(280,261)	1,039,304
Income tax	48,989		894,572	92,939	(329,357)
Total Other Comprehensive Income to be reclassified to
profit or loss	56,040		(1,607,932)	(145,769)	733,930
Total Other Comprehensive Income	(217,971)		(1,690,626)	(240,262)	740,407
Other comprehensive income attributable to owners of the parent
company	(217,544)		(1,688,908)	(240,015)	739,935
Other comprehensive income attributable to non-controlling
interests	(427)		(1,718)	(247)	472
Total Comprehensive (Loss)	18,649,563		(9,003,610)	9,251,202	(596,440)
Total comprehensive (loss) attributable to owners of the parent
company	18,635,022		(8,994,185)	9,243,069	(595,234)
Total comprehensive (loss) attributable to non-controlling
interests	14,541		(9,425)	8,133	(1,206)

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 nine-month period ended on September 30, 2023 presented on comparative basis

(Expressed in thousands of pesos in homogeneous currency)

										Other comprehensive income
												Earnings		Total
												or los	Total
					Inflation							Shareholders´
		Inflation									accrued	Shareholders
				adjustme	Cost of						equity	Total
	Capital	adjustment	Paid in	Treasury	Legal	Other	Retained		Foreign	by	´ equity
Items	nt of	of treasury		attributable	shareholders
Stock	of capital	capital	shares	reserve	reserves	earnings	Revaluation	currency	financial	attributable
	treasury	shares	to non-	´
		stock						of PPE	translation	institution	to parent
				shares					controlling	equity
										differences	s at FV	company
											interest
												through
												profit and
												loss
Balance at December 31, 2022	444,411	18,324,071	172,373,396	12,311	1,678,995	(2,810,121)	2,104,588	10,491,610	(16,113,666)	2,128,113	125,631	(152,628)	188,606,711	149,604	188,756,315
Consideration of results approved by the
General Assembly of Shareholders held
on April 27, 2023:
Disposal of reservations	-	-	(6,321,839)	-	-	-	(2,104,588)	(7,681,489)	16,107,916	-	-	-	-	-	-
Acquisition of treasury shares	(1,739)	(237,295)	-	1,739	237,295	(560,254)	-	-	-	-	-	-	(560,254)	-	(560,254)
Net income for the period	-	-	-	-	-	-	-	-	18,852,566	-	-	-	18,852,566	14,968	18,867,534
Other comprehensive loss for the period	-	-	-	-	-	-	-	-	-	-	135,913	(353,457)	(217,544)	(427)	(217,971)
Balance at September 30, 2023	442,672	18,086,776	166,051,557	14,050	1,916,290	(3,370,375)	-	2,810,121	18,846,816	2,128,113	261,544	(506,085)	206,681,479	164,145	206,845,624

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