GRUPO SUPERIELLE S.A. (SUPV): Análise de Pestle [Jan-2025 Atualizado]

No cenário dinâmico do setor bancário argentino, o Grupo Superelle S.A. navega em um complexo ecossistema de incerteza política, volatilidade econômica e transformação tecnológica. Essa análise abrangente de pestles revela os intrincados desafios e oportunidades que enfrentam essa instituição financeira inovadora, revelando como ela se adapta estrategicamente ao ambiente de negócios em rápida mudança da Argentina. Das pressões regulatórias à inovação digital, o Grupo Superelle fica no cruzamento dos serviços financeiros bancários e de ponta tradicionais, oferecendo um vislumbre fascinante no mundo multifacetado da estratégia financeira moderna.

GRUPO SUPERIELLE S.A. (SUPV) - Análise de pilão: Fatores políticos

A instabilidade política em andamento da Argentina afeta os regulamentos do setor bancário

Em janeiro de 2024, a Argentina experimentou uma volatilidade política significativa com a eleição do presidente Javier Milei, que propôs reformas econômicas radicais. O setor bancário enfrentou possíveis mudanças regulatórias, incluindo:

Indicador político	Status atual	Impacto potencial
Incerteza regulatória	Alto	Moderado a significativo
Probabilidade de mudança de política	75%	Substancial

Potenciais mudanças políticas sob novos serviços de impacto do governo, impactando os serviços financeiros

As principais considerações políticas para o GRUPO Superelle incluem:

• Dollarização potencial da economia argentina
• Redução potencial dos regulamentos do setor bancário
• Possível eliminação de controles de capital

Crescente escrutínio governamental de transparência e conformidade bancárias

O Banco Central da Argentina implementou requisitos mais rígidos de conformidade em 2024, incluindo:

Área de conformidade	Novos requisitos regulatórios
Lavagem anti-dinheiro	Mecanismos de relatórios aprimorados
Transações de câmbio	Documentação mais detalhada

Incertezas da política macroeconômica que influenciam estratégias do setor financeiro

Indicadores macroeconômicos da Argentina em janeiro de 2024:

• Taxa de inflação: 211,4%
• Desvalorização da moeda: aproximadamente 50% em relação a USD
• Taxa de juros do banco central: 97%

A avaliação de riscos políticos para o Grupo Superelle permanece alta devido à instabilidade econômica persistente e possíveis mudanças de política radical.

GRUPO SUPERIELLE S.A. (SUPV) - Análise de pilão: Fatores econômicos

Altas taxas de inflação na Argentina desafiando a lucratividade bancária

A taxa de inflação da Argentina alcançada 142.7% em dezembro de 2023, representando um dos níveis de inflação mais altos em todo o mundo. Para o Grupo Superelle, esse ambiente econômico extremo afeta diretamente as operações bancárias e a lucratividade.

Ano	Taxa de inflação	Impacto no setor bancário
2022	95.4%	Margens reais de empréstimo reduzidas
2023	142.7%	Aumento dos desafios operacionais

Peso argentino volátil, criando ambientes complexos de planejamento financeiro

O peso argentino experimentou desvalorização significativa, com taxas de câmbio flutuando dramaticamente. Em janeiro de 2024, a taxa de câmbio oficial foi de 1.021,50 ARS por USD, enquanto a taxa de mercado paralela atingiu o ARS 1.400 por US $.

Período	Taxa de câmbio oficial	Taxa de mercado paralela
Janeiro de 2024	ARS 1.021,50/USD	ARS 1.400/USD

Taxas de juros flutuantes que afetam estratégias de empréstimos e depósito

O Banco Central da Argentina mantinha Altas taxas de juros de referência Para combater a inflação, com as taxas atingindo 97% em dezembro de 2023.

Período	Taxa de juros de referência	Taxa de empréstimo
Dezembro de 2023	97%	110-130%

Riscos de recessão econômica afetando a qualidade do crédito e o desempenho do empréstimo

O PIB da Argentina contratado por 2.5% em 2023, indicando desafios econômicos em andamento. A qualidade do portfólio de empréstimos da Grupo Superelle foi impactada por essas condições macroeconômicas.

Indicador econômico	2023 valor	Impacto no setor bancário
Crescimento do PIB	-2.5%	Aumento de empréstimos sem desempenho
Taxa de desemprego	7.8%	Riscos de inadimplência de crédito mais altos

GRUPO SUPERIELLE S.A. (SUPV) - Análise de pilão: Fatores sociais

Adoção bancária digital crescente entre a demografia argentina mais jovem

De acordo com um relatório de 2023 de Statista, 62.4% dos usuários bancários digitais argentinos têm entre 18 e 34 anos. Penetração bancária móvel alcançada 73.2% Entre os millennials e as populações da geração Z.

Faixa etária	Taxa de adoção bancária digital	Uso bancário móvel
18-24 anos	54.6%	67.3%
25-34 anos	71.8%	79.5%

Crescente demanda por soluções de tecnologia financeira personalizadas

Mercado de personalização de fintech na Argentina projetada para alcançar US $ 412 milhões até 2025, com 37.5% Taxa de crescimento anual.

Segmento de tecnologia financeira	Valor de mercado 2023	Crescimento projetado
Soluções bancárias personalizadas	US $ 276 milhões	37.5%

Mudança de preferências do consumidor para serviços bancários móveis e on -line

Transações bancárias online aumentadas em 48.3% em 2023, com transações bancárias móveis representando 64.2% de interações financeiras digitais totais.

Canal bancário	Volume de transação	Crescimento ano a ano
Mobile Banking	142,6 milhões de transações	52.7%
Banco on -line da web	79,4 milhões de transações	43.9%

As expectativas crescentes de inclusão financeira em comunidades argentinas carentes

Taxa de inclusão financeira na Argentina alcançada 68.9% em 2023, com US $ 1,2 bilhão Investido em serviços financeiros digitais para populações rurais e de baixa renda.

Segmento populacional	Taxa de inclusão financeira	Acesso ao Serviço Digital
Comunidades rurais	52.3%	43.7%
Áreas urbanas de baixa renda	61.5%	56.2%

GRUPO SUPERIELLE S.A. (SUPV) - Análise de pilão: Fatores tecnológicos

Investimento contínuo em infraestrutura bancária digital e plataformas

Em 2023, o Grupo Superelle alocou US $ 42,3 milhões para atualizações de infraestrutura digital, representando 7,2% do gasto operacional total. A plataforma digital do banco processou 68,4 milhões de transações on-line em 2023, com um crescimento de 33% ano a ano.

Métricas de investimento digital	2023 dados	2022 dados
Investimento de infraestrutura digital	US $ 42,3 milhões	US $ 38,7 milhões
Volume de transações online	68,4 milhões	51,4 milhões
Crescimento do usuário da plataforma digital	23.6%	18.9%

Implementação de medidas avançadas de segurança cibernética

O Grupo Superelle investiu US $ 18,6 milhões em infraestrutura de segurança cibernética em 2023, implementando Autenticação multifatorial e Sistemas de monitoramento de ameaças em tempo real. O banco relatou zero violações de dados principais em 2023.

Métricas de segurança cibernética	2023 dados
Investimento de segurança cibernética	US $ 18,6 milhões
Dados Brecha Incidentes	0
Atualizações do Protocolo de Segurança	17 grandes atualizações

Integração da inteligência artificial

O banco implantou soluções de IA nas plataformas de atendimento ao cliente e gerenciamento de riscos, reduzindo os custos operacionais em 12,4% e melhorando os tempos de resposta ao cliente em 47%.

Métricas de implementação da IA	2023 desempenho
Redução de custos acionada por IA	12.4%
Melhoria do tempo de resposta ao cliente	47%
Precisão da avaliação de risco movida a IA	94.3%

Pagamento digital e colaboração fintech

O Grupo Superrielle estabeleceu parcerias com 12 empresas de fintech em 2023, expandindo os recursos de pagamento digital e processando US $ 2,7 bilhões em transações digitais.

Métricas de pagamento digital	2023 dados
Parcerias Fintech	12 novas colaborações
Volume de transação digital	US $ 2,7 bilhões
Usuários de pagamento móvel	1,4 milhão

GRUPO SUPERIELLE S.A. (SUPV) - Análise de pilão: Fatores legais

Regulamentos bancários rígidos do Banco Central Argentino

A partir de 2024, o Banco Central Argentino (BCRA) imposto Requisitos de capital mínimo de 11,5% para instituições financeiras. O Grupo Superelle deve manter métricas específicas de conformidade regulatória.

Métrica regulatória	Requisito de conformidade	Status do Grupo Superelle
Índice de adequação de capital	11.5%	12,3% (compatível)
Índice de cobertura de liquidez	100%	108,6% (compatível)
Taxa de empréstimo sem desempenho	Máximo 5%	3,7% (compatível)

Requisitos de conformidade para protocolos de lavagem de dinheiro

Grupo Superelle deve aderir a Resolução 154/2018 da Unidade de Informações Financeiras (UIF), que exige protocolos rígidos anti-lavagem de dinheiro.

• Relatórios anuais de conformidade necessários
• Due diligence do cliente obrigatório
• Limite de monitoramento de transações: ARS 300.000

Aumento da pressão regulatória sobre transparência financeira

A Comissão de Valores Mobiliários da Argentina (CNV) requer Divulgações financeiras trimestrais com métricas detalhadas de transparência.

Requisito de transparência	Freqüência	Prazo para relatórios
Demonstrações financeiras	Trimestral	Dentro de 30 dias do final do quarto
Divulgação dos acionistas	Anualmente	31 de março
Transações de partes relacionadas	Imediato	Dentro de 5 dias úteis

Ambiente legal complexo para transações financeiras transfronteiriças

As transações transfronteiriças estão sujeitas a Regulamentos de câmbio (comunicação A 7106) por BCRA.

• Compra máxima de moeda estrangeira: US $ 200 por mês para indivíduos
• Relatórios de transações corporativas obrigatórias
• Documentação adicional necessária para transações superiores a US $ 10.000

GRUPO SUPERIELLE S.A. (SUPV) - Análise de Pestle: Fatores Ambientais

Ênfase crescente nas práticas bancárias sustentáveis

A Grupo Superelle alocou 5,2% de sua carteira total de empréstimos para iniciativas de financiamento verde em 2023, representando o ARS 24,6 bilhões em investimentos sustentáveis.

Categoria de investimento verde	Valor do investimento (ARS)	Porcentagem de portfólio
Projetos de energia renovável	12,300,000,000	2.6%
Agricultura sustentável	7,850,000,000	1.7%
Iniciativas de eficiência energética	4,450,000,000	0.9%

Implementando estratégias de financiamento verde e avaliação de riscos ambientais

A cobertura de avaliação de risco ambiental expandiu -se para 78,3% do portfólio de empréstimos corporativos em 2023, com Protocolos abrangentes de triagem ambiental.

Métrica de avaliação de risco	2022 Valor	2023 valor
Cobertura de risco ambiental do portfólio	62.5%	78.3%
Rastreamento de emissão de carbono	45.6%	67.2%

Aumento dos requisitos de relatórios de responsabilidade social corporativa

A Grupo Superelle publicou seu 8º Relatório de Sustentabilidade Consecutiva em 2023, cobrindo 92,4% de seu impacto ambiental operacional.

• Emissões de gases de efeito estufa relatadas: 34.567 toneladas métricas equivalentes
• Redução do consumo de água: 12,6% ano a ano
• Taxa de reciclagem de resíduos: 47,3%

Desenvolvendo ofertas de produtos bancários ecológicos

Lançou 3 novos produtos financeiros verdes em 2023, visando clientes ambientalmente conscientes com taxas preferenciais.

Nome do produto	Taxa de juro	Quantidade total desembolsada (ARS)
Hipoteca verde	32.5%	5,600,000,000
Empréstimo de negócios sustentável	36.7%	3,900,000,000
Fundo de investimento ecológico	29.8%	2,300,000,000

Grupo Supervielle S.A. (SUPV) - PESTLE Analysis: Social factors

Growing demand for digital financial services and mobile banking adoption.

The Argentine consumer's rapid shift to digital is the single biggest social factor impacting Grupo Supervielle. You need to understand this isn't a slow trend; it's a full-scale migration. By May 2025, digital transactions already accounted for more than 75 percent of all banking operations, a massive jump from just 45 percent a decade ago. Over 60 percent of Argentinians now actively use digital banking services. This demand for speed and convenience is why the fintech ecosystem, which now includes 383 firms, is booming.

Grupo Supervielle is defintely responding to this. Their digital push is substantial, evidenced by the GenAI-powered WhatsApp channel they launched for services like credit card authorizations and mobile recharges. Plus, their Tienda Supervielle on Mercado Libre generated 500,000 sessions by June 2025, turning a simple bank into an e-commerce hub. You just have to be digital-first now. The numbers show it.

Metric	Value (2025 Fiscal Year Data)	Significance for SUPV
Digital Transactions Share (of total operations)	>75 percent (as of May 2025)	Core operations must be optimized for digital channels to remain relevant.
Growth in Banking/Digital Payment Accounts	~21% (April-August 2024)	Indicates high market appetite for new accounts, primarily driven by digital providers.
Tienda Supervielle Sessions (Mercado Libre)	500,000 (by June 2025)	Concrete evidence of successful digital ecosystem expansion and customer engagement.

High level of financial exclusion among the lower-income segments, a target for SUPV.

While the headline financial inclusion number is high-over 99% of the adult population had an account by mid-2023, largely thanks to fintechs-the quality of inclusion is still low for many. Only 45 percent of private sector workers, for example, receive their salary directly into a traditional bank account. This gap between having an account and actively using a full suite of traditional banking services is where Grupo Supervielle sees a clear opportunity.

Here's the quick math: the financially underserved are a massive, high-yield retail credit market. Grupo Supervielle's strategy reflects this, with retail loan growth detonating up 196% year-over-year in Q1 2025. Retail loans now account for 52% of their loan book, up from 36% the previous year. They are aggressively targeting this segment, which includes lower-income customers, with products like personal loans and credit cards, though this also means they must manage the rising Non-Performing Loan (NPL) ratio, which climbed to 2.7% in Q2 2025.

Public trust in the traditional banking system remains low due to past crises.

Honesty, the long shadow of Argentina's economic crises means public trust in the traditional banking system is inherently fragile. This low confidence is a structural challenge that benefits the nimbler fintechs. We see this in the deposit shift: fintech accounts more than doubled their share of private sector deposits, rising to 5.2% by November 2024, up from 2.58% the prior year.

For Grupo Supervielle, this manifests as a strong preference for hard currency. Their U.S. dollar savings accounts grew 6.2% sequentially in Q2 2025, outperforming the system average by 10 percentage points. This flight to the dollar is a direct measure of low confidence in the peso and the institutions holding it. The bank must continuously work to build trust by offering stability and high-yield solutions, like their innovative Remunerated Account, which offers daily interest on both Payroll and SME accounts.

Demographic shift toward younger, tech-savvy customers.

The younger generation is driving the pace of change. Individuals between 20 and 44 years old are the most active users, executing an average of 25 electronic payments per month. This group is mobile-first, not just mobile-friendly. They expect seamless digital experiences, and if a bank process is frustrating, they will simply leave; one report showed 83% of Gen Zers have been frustrated by a bank process.

Grupo Supervielle's focus on integrating GenAI-powered services into platforms like WhatsApp is a direct response to this demanding, tech-savvy demographic. They know they have to compete with the user experience set by global tech giants, not just other banks. The challenge is clear: deliver an intuitive, personalized digital experience, or lose the next generation of primary banking customers.

• Focus on Gen Z: 83% of Gen Zers report frustration with bank processes.
• High usage: Ages 20-44 average 25 electronic payments monthly.
• Action: Use GenAI to enhance accessibility and user experience.

Finance: draft 13-week cash view by Friday.

Grupo Supervielle S.A. (SUPV) - PESTLE Analysis: Technological factors

Rapid expansion of FinTech competition, especially in payments and lending.

The Argentine financial landscape is defintely defined by a rapidly expanding FinTech ecosystem, which directly challenges Grupo Supervielle's traditional banking model, particularly in high-volume areas like payments and consumer lending. The number of local FinTech companies reached 383 as of 2024, showing a significant compound annual growth rate (CAGR) of 15.3% since 2020. This competition is fierce: major players like Mercado Pago and Ualá are dominating digital payments and aggressively entering the credit space.

In lending, FinTechs are capturing a growing share of the market. As of June 2024, FinTech companies were responsible for issuing 18.8% of the 34.1 million credits granted in the country, up from 15% just six months prior. Grupo Supervielle is responding with its own digital strategy and participation in the MODO virtual wallet. The company's loan book growth of 14% quarter-over-quarter in Q2 2025, which outpaced the industry's 11.2% growth rate, shows they are successfully using technology to defend and grow their lending position.

Need for substantial investment in cybersecurity to protect customer data.

The accelerated digital transformation, while driving efficiency, creates a larger attack surface, making substantial and continuous investment in cybersecurity (Information Security) non-negotiable. While specific 2025 spending figures for cybersecurity are not publicly itemized in the quarterly reports, the risk is clear: a breach could destroy the trust underpinning the bank's 130-year history.

The cost of not investing is quantifiable in the rising cost of risk associated with digital expansion. For example, the non-performing loan (NPL) ratio for Grupo Supervielle rose to 2.7% in Q2 2025, up significantly from 0.8% in Q2 2024, and the overall cost of risk hit 5.5% in Q2 2025. This necessitates advanced AI-driven fraud detection and robust data protection systems to mitigate risk in an increasingly digital credit portfolio. You must view cybersecurity spending as a critical capital expenditure, not an operational expense.

Increased adoption of cloud computing and AI for risk management and customer service.

Grupo Supervielle is aggressively modernizing its core technology architecture to gain agility and scalability. The bank is migrating to a hybrid multi-cloud environment, aiming to move 70% of its applications to cloud processing. This shift is foundational for deploying advanced analytics and Artificial Intelligence (AI) across the business.

In risk management, the bank utilizes a center of excellence in advanced analytics with Amazon Web Services (AWS) to build AI models that predict customer churn, allowing for proactive retention strategies. For customer service, the bank has integrated Generative AI (Gen AI) on platforms like WhatsApp to enhance accessibility and self-service capabilities. This digital focus has already paid off in operational metrics, such as a 20% reduction in customer waiting times at the specialized investment contact center.

SUPV's focus on its digital platform, IUDÚ, to capture younger market share.

The strategy to capture younger, digitally-native market share is centered on the multi-brand ecosystem, specifically leveraging the SuperApp and the online brokerage subsidiary, IOL invertironline. While the IUDÚ brand is part of the digital strategy, the recent focus is on the integrated SuperApp experience, which was recognized at the Digital Innovation Awards 2025.

The bank is using its digital channels to drive deposit and transaction growth, a critical move against FinTechs. Here's the quick math on the digital ecosystem's impact in Q2 2025:

• IOL Cross-Sell: Over 4,700 IOL clients placed USD 28 million in time deposits at the bank in Q2 2025.
• E-Commerce Integration: The Tienda Supervielle official online store on Mercado Libre generated 500,000 sessions by June 2025.
• Deposit Growth: Innovative remunerated accounts helped increase Argentine peso savings accounts by 13% sequentially, outpacing the market by 3.5 percentage points.

This digital-first approach is driving efficiency, with the adjusted efficiency ratio standing at 58.2% in Q2 2025.

Technological Metric	Q2 2025 Value (or Latest)	Strategic Context
FinTech Share of New Credit	18.8% (as of June 2024)	Indicates high competitive pressure in lending.
Supervielle Loan Growth (Real)	14% QoQ	Outpaced the industry's 11.2% growth, showing digital lending effectiveness.
NPL Ratio (Retail Risk)	2.7%	Up from 0.8% in Q2 2024, a direct risk of rapid digital credit expansion.
IOL Client Cross-Sell Deposits	USD 28 million (in Q2 2025)	Measure of success for the digital ecosystem's cross-selling strategy.
SuperApp E-Commerce Sessions	500,000 (by June 2025)	Reflects high customer engagement on the Tienda Supervielle platform.
Contact Center Time Reduction	20%	Tangible efficiency gain from digital modernization and AI tools.

Next step: Operations team, review the Q3 2025 results for a specific technology or IT budget line item by the end of the week.

Grupo Supervielle S.A. (SUPV) - PESTLE Analysis: Legal factors

Central Bank (BCRA) regulations on reserve requirements and liquidity

The Argentine financial system operates under the heavy hand of the Central Bank (BCRA), and its regulations on reserve requirements and liquidity are a constant, significant cost for Grupo Supervielle S.A. You're not just holding deposits; a substantial portion is sterilized (removed from circulation) by the BCRA to manage monetary policy and inflation. This mandatory sterilization directly limits the capital available for lending, squeezing the bank's net interest margin (NIM).

For example, the BCRA frequently adjusts the minimum reserve requirements (encajes) on deposits, sometimes with little warning. These requirements often differentiate between types of deposits (e.g., sight vs. term deposits) and currency (pesos vs. US dollars). Honestly, this regulatory volatility makes precise capital planning a nightmare. The BCRA's goal is stability, but the result for banks is a defintely higher cost of funds and less flexibility in deploying capital.

Regulatory Impact Area	Nature of BCRA Burden on SUPV	Strategic Action Required
Reserve Requirements (Encajes)	High percentage of deposits must be held, reducing loanable funds and profitability.	Optimize liability structure to minimize the impact of differential reserve ratios.
Liquidity Requirements	Mandatory holdings of specific BCRA instruments (e.g., LELIQ/NOTALIQ) to manage systemic risk.	Actively manage short-term funding and monitor daily compliance metrics.
Monetary Policy Tools	Frequent changes in interest rates and reserve rules create high operational volatility.	Maintain robust interest rate risk management models and stress-test portfolios.

Frequent changes to tax laws, particularly on financial transactions

In Argentina, tax policy is a moving target, and financial institutions like Grupo Supervielle S.A. are often the first to feel the impact. The most direct and burdensome tax is the Impuesto a los Débitos y Créditos Bancarios (Tax on Debits and Credits), often called the 'Check Tax.' This tax applies to nearly every movement of funds through the banking system, hitting both deposits and withdrawals.

The effective tax rate on this transaction tax is substantial, and while the law allows for certain exemptions or partial credits against other taxes, the complexity and frequent changes in these rules create a massive compliance overhead. Plus, provincial taxes (like Gross Receipts Tax) also apply to interest income, adding another layer of complexity. The constant legislative flux means the effective tax rate on a bank's income can shift dramatically year-to-year, making long-term financial modeling a high-risk exercise.

New consumer protection laws regarding data privacy and digital banking

As digital banking accelerates, so does the regulatory scrutiny on how banks handle customer data and digital services. Argentina's Personal Data Protection Law (Law No. 25.326) and its subsequent amendments are becoming increasingly relevant. For Grupo Supervielle S.A., this means a significant investment in IT security and compliance infrastructure to meet evolving standards for data encryption, storage, and cross-border transfer.

The regulatory focus is now sharp on digital onboarding processes, biometric data use, and ensuring consumer consent is explicit and revocable. What this estimate hides is the potential for class-action lawsuits or hefty fines from the regulatory body, the Agency for Access to Public Information (AAIP), if a data breach occurs. You must treat data privacy as a core operational risk, not just an IT problem. If onboarding takes 14+ days due to complex digital verification, churn risk rises.

• Strengthen data encryption across all digital channels.
• Ensure clear, opt-in consent for data usage in new digital products.
• Establish a clear protocol for mandatory data breach notification.

Strict anti-money laundering (AML) and know-your-customer (KYC) compliance burdens

The Anti-Money Laundering (AML) and Know-Your-Customer (KYC) framework, enforced by the Unidad de Información Financiera (UIF), is one of the most stringent compliance areas. Grupo Supervielle S.A. must dedicate significant resources to transaction monitoring, suspicious activity reporting (SARs), and maintaining up-to-date customer profiles. The cost of non-compliance is simply too high.

The UIF continually issues new resolutions that expand the definition of a Politically Exposed Person (PEP) or change the thresholds for mandatory reporting. This means the bank's compliance software and human analyst teams must be constantly retrained and updated. The regulatory pressure is global, too, with Argentina's compliance standing reviewed by international bodies like the Financial Action Task Force (FATF). A poor rating here could impact the bank's ability to conduct international transactions, which is a major risk to trade finance and correspondent banking relationships. Here's the quick math: the operational cost of AML/KYC compliance is a fixed, non-negotiable overhead that scales with transaction volume, regardless of profitability.

Grupo Supervielle S.A. (SUPV) - PESTLE Analysis: Environmental factors

Increasing pressure from global investors for Environmental, Social, and Governance (ESG) reporting.

You are defintely seeing the pressure from global capital markets demanding clear, quantifiable ESG data, and Grupo Supervielle S.A. is responding by aligning its disclosure with international standards. The company publishes an Integrated Annual Report, which is a step beyond basic financial reporting, and it follows the Global Reporting Initiative (GRI) and Sustainability Accounting Standards Board (SASB) frameworks. This transparency is crucial for attracting institutional money, especially since the company is listed on the New York Stock Exchange (NYSE).

Plus, the firm is actively included in the Argentine market's sustainability benchmarks, having integrated the first sustainability index of the Argentine market, created by BYMA (Bolsas y Mercados Argentinos) jointly with the IDB (Inter-American Development Bank), for the seventh consecutive year. This external validation helps mitigate the perception of 'greenwashing.'

Need to assess and manage climate-related risks in lending portfolios (e.g., agriculture).

The core of a bank's climate risk lies in its commercial loan book, and Grupo Supervielle S.A. is in a period of intense portfolio transition. The overall loan portfolio increased dramatically to AR$2,979.9 billion as of June 30, 2025, with commercial loans representing 53% of total lending in Q2 2025. This commercial exposure, while profitable, carries inherent climate risk.

The bank explicitly focuses on the agriculture and livestock sectors in 2025, a segment highly vulnerable to physical climate risks like drought and flooding, which are increasingly common in Argentina. What this focus hides is the need for granular data; the bank is working on monitoring deforestation, protected areas, and introducing a footprint calculator to assess financed emissions. Honestly, managing this risk is a massive undertaking.

Limited but growing regulatory focus on green financing and sustainable investments.

While the Argentine Central Bank (BCRA) is a participant in the Technical Roundtable on Sustainable Finance (MTFS), its primary focus for the 2025 fiscal year has been macroeconomic stability, specifically managing inflation and foreign exchange liberalization. So, the local regulatory push for mandatory climate risk stress tests or green lending quotas is still relatively limited compared to US or EU markets.

However, the company's internal strategy is moving ahead of the local curve. Its 'Sustainable Finance' line of action is designed to develop financial products and services that fund projects with a positive environmental and social impact. This proactive approach is essential for accessing multilateral development bank funding, like the previously announced credit lines aimed at boosting SME lending, which often have specific sustainability requirements attached.

Operational focus on reducing energy consumption in bank branches and data centers.

The most concrete environmental actions are visible in the company's operational footprint, which is small compared to its financed emissions, but still important for brand reputation. Their strategy centers on 'Energy Management' and resource efficiency across their physical network of branches and data centers.

The quick math shows a very low direct carbon footprint, largely due to their 100% carbon offset strategy in 2023. This is a clear, actionable metric.

Metric	Value (2024 Fiscal Year Data)	Context/Action
Total Scope 1 & 2 Emissions (Market-Based)	6.97 tCO₂e	Represents the bank's direct operational footprint (branches, data centers).
Carbon Footprint Offset (2023)	100%	Achieved by acquiring 1,417 VERRA-certified carbon credits.
Recycled Materials (Decommissioned ATMs)	100,339 kilograms	Part of the 'Resources' line of action for waste management.

The focus on waste is also visible in their recycling efforts, with over 100,339 kilograms of materials from decommissioned ATMs being recycled. They are working to reduce the impact of daily operations.

• Promote energy efficiency programs in branches.
• Expand sustainable use of renewable resources.
• Adopt internal processes for efficient resource use.