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Grupo Supervielle Reports 4Q24 and FY24 Results

1. Grupo Supervielle reports financial results under Hyperinflation Accounting as per IFRS. 2. The results for FY 2024 indicate strategic financial management amid economic challenges.

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$12.5303/10 04:35 PM EDTEvent Start
$12.603/11 11:15 PM EDTLatest Updated
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FAQ

Why Bullish?

Reporting results according to IAS 29 may reflect proactive financial management, enhancing investor confidence. Historical examples show companies adopting international standards often attract positive market sentiment, especially in volatile regions.

How important is it?

The article discusses financial results and accounting practices, crucial factors for investors in SUPV. Transparency in financial reporting is a significant concern for investors, especially in emerging markets.

Why Long Term?

Implementing Hyperinflation Accounting improves transparency and could solidify investor trust over time, similar to how other Latin American companies have benefited from clear financial reporting.

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BFRBMABBARGGAL
BUENOS AIRES, Argentina--(BUSINESS WIRE)--Grupo Supervielle S.A. (NYSE: SUPV; BYMA: SUPV), (“Supervielle” or the “Company”) a universal financial services group headquartered in Argentina with a nationwide presence, today reported results for the three and twelve-month period ended December 31, 2024. Starting 1Q20, the Company began reporting results applying Hyperinflation Accounting, in accordance with IFRS rule IAS 29 (“IAS 29”) as established by the Central Bank. Management Commentary Comme.

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