Grupo Supervielle S.A. B

What it is

Banco Supervielle has been providing financial services in Argentina since 1887, when it was founded by the Supervielle family — making it one of the longest-unbroken banking franchises in Latin America. Today the listed holding company sits above Banco Supervielle, the seventh-largest private bank in Argentina by loan portfolio; an insurance company; a mutual-fund manager; a brokerage firm; and IOL invertironline, the leading online retail broker.

It is the 7th largest private bank in Argentina in terms of loans and the 9th largest among all banks; the group serves retail customers, small businesses, and large companies across Argentina’s urban and provincial centres.

Who owns it

The majority shareholder is Julio Patricio Supervielle; his shareholding in the group is 24.60% of the economic rights, while his share of the votes is 51.06% — the gap explained by a dual-class share structure where Class A shares carry five votes per share and Class B shares carry one vote.

Julio Patricio Supervielle holds 61,738,188 Class A shares and 50,621,289 Class B shares, representing 51.37% of voting rights and 24.83% of economic rights. The remaining economic interest is split between a free float of public and institutional investors; significant institutional holders include Mirae Asset Global Investments, Santander Río Asset Management, Point72 Asset Management, and D.E.

Shaw & Co.

Who runs it

Julio Patricio Supervielle serves as Chairman of the Board and CEO of Grupo Supervielle. Mariano Biglia is CFO.

Gustavo Manriquez was appointed CEO of Banco Supervielle effective October 1, 2024; prior to that appointment, he served as CEO and General Manager of Banco Macro since 2016, one of Argentina’s largest private banks.

The money, in plain words

In 2025 the group lost about ARS 37.6 billion (~$25M USD, our calculation) on revenues of ARS 1.14 trillion (~$769M USD, our calculation) — a net margin of −10.4%, the result of Argentina’s unusually high real interest rates squeezing banks’ earnings on their loan books. The company attributed the volatility to Argentina’s mid-term election period, which created elevated real rates and tight monetary policy conditions that pressured profitability across the banking sector.

For every peso of shareholders’ equity, the group lost about 7.8 cents in 2025 — a return on equity of −7.75%, a sharp reversal from the prior two years of profit. The capital buffer, however, remains solid: the CET1 ratio — the equity cushion banks must hold against their risks — stood at 15.4% at year-end 2025, well above regulatory minimums.

Because 2025 ended in a loss, the company is not paying a dividend in 2026; profits will be reinvested.

What it is doing now

Total loans grew 37% year-on-year to end-2025, outpacing the broader banking system’s 2% sequential growth, with commercial lending expanding 64% year-on-year and reaching 63% of the loan portfolio. Over 70% of transactions were completed through the mobile app, and the group’s SuperApp has been integrating savings, investments, payments, and services within a single platform.

For 2026, management has guided for loan growth of 25–30%, deposit growth of 20–25%, and a net interest margin of 14–16% — a bet that Argentina’s ongoing disinflation will lower funding costs and allow the bank to return to profitability. Underlying profitability turned positive in Q1 2026, driven by cost reductions, improved asset quality, and digital transformation.

What to watch

• Argentina macro normalisation. The loss in 2025 was largely macro-driven; a return to profit depends on Argentina sustaining lower inflation and more stable interest rates through 2026.
• Asset quality. The non-performing loan ratio — the share of loans where borrowers have stopped paying — is expected to peak at 5–6% in early 2026; how quickly it falls will determine whether provisions stay elevated.
• Digital and cross-sell execution. Integration with IOL accelerated cross-selling, with remunerated accounts offered to IOL brokerage clients capturing higher-value customers; the speed of this shift will matter to revenue quality.
• Succession and governance. The founder-chairman-CEO combination concentrates strategic and operational authority in one person; any leadership change would be a material signal to watch.

This is news, not investment advice.

Here is the finished profile:

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What it is

Banco Supervielle has been providing financial services in Argentina since 1887, when it was founded by the Supervielle family — making it one of the longest-unbroken banking franchises in Latin America. Today the listed holding company sits above Banco Supervielle, the seventh-largest private bank in Argentina by loan portfolio; an insurance company; a mutual-fund manager; a brokerage firm; and IOL invertironline, the leading online retail broker.

It is the 7th largest private bank in Argentina in terms of loans and the 9th largest among all banks; the group serves retail customers, small businesses, and large companies across Argentina’s urban and provincial centres.

Who owns it

The majority shareholder is Julio Patricio Supervielle; his economic stake in the group is 24.60%, while his share of the votes is 51.06% — the gap explained by a dual-class share structure where Class A shares carry five votes per share and Class B shares carry one.