Grupo Supervielle reports Q4 results

In FY23, Attributable Net Income was AR$51.4 billion compared to a loss of AR$13.7 billion in FY22.

The YoY swing in Net Income reflects the successful execution of the Company’s strategic plan implemented in 2022 and 2023 to optimize operations, consolidate businesses, grow in profitable products and increase cross-sell.

ROAE increased to 26.9% in 4Q23 from negative 3.4% in 3Q22 and positive 18.5% in 3Q23. FY23 ROAE reached 16.7% compared to negative 4.5% in FY22.

Profit before income tax increased to AR$40.4 billion in 4Q23 compared to a loss of AR$15.2 billion in 4Q22 and a gain of AR$23.3 billion in 3Q23.