Grupo Supervielle Returns to Profitability After Workforce Cuts

Chairman and CEO Patricio Supervielle confirmed that the company's rightsizing plan is successfully lowering costs, with full benefits expected to manifest in upcoming quarters. While the firm reported an adjusted return on average equity of 12.4%—excluding severance charges—the structural improvements suggest a more stable earnings capacity as Argentina’s macroeconomic environment stabilizes.

Core earnings gained momentum as net interest income rose 13.1% sequentially. The net interest margin expanded to 20.3%, fueled by a rapid decline in funding costs that outpaced asset repricing. Asset quality also showed signs of recovery; the non-performing loan ratio fell to 5.5%, sitting 210 basis points below the industry average. Although private sector credit demand remains subdued, the bank is pivoting toward selective underwriting and digital service hubs to maintain discipline. With a solid CET1 ratio of 14.2%, the company is positioning itself to capture growth in energy and mining sectors as the local financial system normalizes.