Grupo Supervielle Loans Rise 37% Year-Over-Year; Net Loss Narrows to ARS 19.5 Billion
Fourth-quarter 2025 retail loans fell 4% sequentially but rose 8% year-over-year as Grupo Supervielle tightened underwriting. Commercial lending expanded 25% QoQ and 64% YoY to 63% of the portfolio, supporting total loan growth of 8% QoQ and 37% YoY, while net loss narrowed to ARS 19.5 billion.
1. Loan Growth and Portfolio Mix
Grupo Supervielle’s total loans climbed 8% sequentially and 37% year-over-year in Q4 2025. Retail loans declined 4% QoQ but rose 8% YoY, while commercial lending surged 25% QoQ and 64% YoY, representing 63% of the loan book as the bank emphasizes working capital and export sectors.
2. Asset Quality and Provisioning
Non-performing loans peaked at 5%, up from 3.9% the prior quarter, driving a net cost of risk of 10.4%. Provisions jumped 75% sequentially, reflecting higher system-wide delinquency and updated macro assumptions, with management forecasting NPLs of 5–6% and cost of risk of 6–6.5% for 2026.
3. Margin Recovery and Financial Results
Net loss narrowed to ARS 19.5 billion from ARS 55 billion as net interest margin rebounded. Loan portfolio NIM rose to 16.9% and market-related NIM improved to 26%, aided by a 400-basis-point drop in peso funding costs and lower wholesale funding volumes.
4. Funding Optimization and Capital Position
Total deposits dipped 6% QoQ as higher-cost wholesale funding was cut, while CASA and USD deposits grew 42% YoY, boosting current and savings balances. Common equity tier 1 capital strengthened to 15.4% and no dividend will be paid following the 2025 loss.