LOANS AND OTHER FINANCING

12 Months Ended

Dec. 31, 2025

25. LOANS AND OTHER FINANCING

As of December 31, 2025 and 2024 the composition of the loan portfolio is as follows:


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2025
Promissory notes		674,377,742		7,957,263		13,338,516		695,673,521
Unsecured corporate loans		382,041,811		18,191,109		29,190,103		429,423,023
Overdrafts		366,036,430		5,538,792		13,501,498		385,076,720
Mortgage loans		358,382,028		7,300,192		5,983,153		371,665,373
Automobile and other secured loans		215,551,019		37,427,997		28,726,436		281,705,452
Personal loans		328,441,991		110,688,266		52,394,303		491,524,560
Credit card loans		284,205,923		58,126,018		31,095,628		373,427,569
Foreign Trade Loans		746,877,760		9,743,300		8,745,221		765,366,281
Other financings		28,636,931		—		—		28,636,931
Other receivables from financial transactions		64,172,649		773,410		17,582		64,963,641
Receivables from financial leases		103,116,413		2,612,325		4,037,487		109,766,225
Subtotal		3,551,840,697		258,358,672		187,029,927		3,997,229,296
Allowances for loan losses		(39,266,691)		(53,410,382)		(139,073,997)		(231,751,070)
Total		3,512,574,006		204,948,290		47,955,930		3,765,478,226


								Total as of
		Assets Before Allowances						December 31,
		Stage 1		Stage 2		Stage 3		2024
Promissory notes		398,989,930		2,981,013		1,343,073		403,314,016
Unsecured corporate loans		398,685,619		6,697,286		6,202,870		411,585,775
Overdrafts		105,324,057		2,886,221		1,625,463		109,835,741
Mortgage loans		338,143,843		11,084,989		1,646,591		350,875,423
Automobile and other secured loans		237,353,240		15,558,661		6,721,393		259,633,294
Personal loans		357,251,201		26,683,595		8,621,232		392,556,028
Credit card loans		345,704,414		15,302,379		5,143,579		366,150,372
Foreign Trade Loans		458,166,457		13,633,001		6,347,375		478,146,833
Other financings		48,350,023		669,452		—		49,019,475
Other receivables from financial transactions		15,129,111		170,047		15,057		15,314,215
Receivables from financial leases		77,839,348		4,920,082		469,939		83,229,369
Subtotal		2,780,937,243		100,586,726		38,136,572		2,919,660,541
Allowances for loan losses		(24,361,041)		(17,081,124)		(23,507,450)		(64,949,615)
Total		2,756,576,202		83,505,602		14,629,122		2,854,710,926


	12.31.2025		12.31.2024
Other guarantees granted	93,194,011		145,175,554
Responsibilities for foreign trade loans	16,401,455		38,039,563
Documentary loans	11,852,159		20,760,111
Overdrafts	769,429		27,304,943
Total eventual responsability	122,217,054		231,280,171

Expected Credit Loss Allowance

Expected credit loss allowance recognised in the period is affected by a range of factors as follows:

●

Transfers between Stage 1 and Stage 2 or 3 due to financial instruments experiencing significant increases (or decreases) of credit risk or becoming credit-impaired in the period, and the consequent “step up” (or “step down”) between 12 months and Lifetime;

●

Additional allowances for new financial instruments recognized during the period, as well as releases for financial instruments de-recognized during the period;

●

Impact on the measurement of ECL of changes in PDs, EADs and LGDs in the period, resulting from the regular updating of model inputs;

●

Impact on the measurement of ECL as a result of changes in models and assumptions;

●

Discount unwind within ECL due to passage of time, as ECL is measured on a present value basis;

●

Foreign exchange retranslations for assets denominated in foreign currencies and other movements; and

●

Financial assets derecognised during the period and write-offs of allowances related to assets that were written off during the period.

The following tables explain the changes in the credit risk provision corresponding to the Group between the beginning and the end of the year due to the factors indicated below as of December 31, 2025 and 2024:


		Assets Before Allowances								ECL Allowance
		Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
Balance at the beginning of the year		2,780,937,243		100,586,726		38,136,572		2,919,660,541		24,361,040		17,081,124		23,507,449		64,949,613
Transfers
Stage 1 to 2		(106,623,294)		106,623,294		—		—		(2,785,732)		16,552,880		—		13,767,148
Stage 1 to 3		(25,018,921)		—		25,018,921		—		(532,047)		—		19,713,448		19,181,401
Stage 2 to 3		—		(3,827,487)		3,827,487		—		—		(399,904)		2,233,116		1,833,212
Stage 2 to 1		22,850,799		(22,850,799)		—		—		1,180,339		(2,270,788)		—		(1,090,449)
Stage 3 to 2		—		468,801		—		468,801		—		27,591		(394,870)		(367,279)
Stage 3 to 1		946,033		—		(946,033)		—		5,842		—		(371,689)		(365,847)
Additions		2,547,528,625		—		—		2,547,528,625		26,492,604		—		—		26,492,604
Disposals		(1,260,677,787)		(33,327,172)		(15,665,038)		(1,309,669,997)		(9,417,512)		(7,136,444)		(13,544,944)		(30,098,900)
Interest accrual		119,060,033		144,319,205		214,589,034		477,968,272		6,250,651		33,500,598		166,236,002		205,987,251
Write-Offs		(772,578)		(1,029,534)		(53,556,925)		(55,359,037)		(772,578)		(1,029,534)		(53,556,925)		(55,359,037)
Portfolio sale		—		—		(3,225,437)		(3,225,437)		—		—		(3,225,437)		(3,225,437)
Exchange Differences and Others		165,015,167		4,432,917		1,979,762		171,427,846		268,537		1,110,720		228,061		1,607,318
Result from exposure to changes in the purchasing power of money		(691,404,623)		(37,037,279)		(23,128,416)		(751,570,318)		(5,784,453)		(4,025,861)		(1,750,214)		(11,560,528)
Gross carrying amount at December 31, 2025		3,551,840,697		258,358,672		187,029,927		3,997,229,296		39,266,691		53,410,382		139,073,997		231,751,070


		Assets Before Allowances								ECL Allowance
		Stage 1		Stage 2		Stage 3		Total		Stage 1		Stage 2		Stage 3		Total
Balance at the beginning of the year		1,301,691,970		95,098,800		35,260,736		1,432,051,506		13,061,187		14,603,897		22,319,761		49,984,845
Transfers
Stage 1 to 2		(4,715,914)		4,715,914		—		—		(153,892)		1,356,152		—		1,202,260
Stage 1 to 3		(10,975,306)		—		10,975,306		—		(37,689)		—		2,061,397		2,023,708
Stage 2 to 3		—		(433,660)		433,660		—		—		(86,456)		493,579		407,123
Stage 2 to 1		10,407,547		(10,407,547)		—		—		475,640		(1,470,523)		—		(994,883)
Stage 3 to 2		—		1,026,433		(1,026,433)		—		—		24,100		(722,072)		(697,972)
Stage 3 to 1		142,062		—		(142,062)		—		2,736		—		(88,922)		(86,186)
Additions		2,206,752,343		—		—		2,206,752,343		17,650,918		—		—		17,650,918
Disposals		(465,931,570)		(19,961,863)		(27,367,429)		(513,260,862)		(2,280,107)		(3,289,187)		(3,622,880)		(9,192,174)
Net changes of financial assets		251,983,070		70,056,552		38,688,319		360,727,941		2,786,021		13,858,484		29,087,541		45,732,046
Write-Offs		(148,838)		(119,390)		(15,948,001)		(16,216,229)		(148,838)		(119,390)		(15,948,001)		(16,216,229)
Portfolio sale		—		—		(1,432,008)		(1,432,008)		—		—		(1,320,673)		(1,320,673)
Exchange Differences and Others		13,590,740		1,650,392		2,046,716		17,287,848		49,836		87,217		859,567		996,620
Result from exposure to changes in the purchasing power of money		(521,858,861)		(41,038,905)		(3,352,232)		(566,249,998)		(7,044,772)		(7,883,170)		(9,611,848)		(24,539,790)
Gross carrying amount at December 31, 2024		2,780,937,243		100,586,726		38,136,572		2,919,660,541		24,361,040		17,081,124		23,507,449		64,949,613

Collateral and other credit enhancements

Collateral is an instrument pledged as security for repayment of a loan, to be forfeited in the event of default. The Entity accepts collateral as security before a potential breach on behalf of a debtor occurs.

The Argentine Central Bank classifies these guarantees in three types: Preferred “A” (considered self-settleable), Preferred “B” (made up by mortgage or pledge loans) and remaining guarantees (mainly bank guarantees and fines).

In virtue of the administration of collateral, Grupo Supervielle relies on a specific area devoted to the review of the legal compliance and suitable instrumentation of received collateral. In accordance with the type of collateral, the guarantors may be people or companies (in the case of mortgages, pledges, fines, guarantees and liquid funds) and international top level Financial Entities (for stand by letters of credit).

Grupo Supervielle monitors collateral held for financial assets considered to be credit-impaired as it becomes more likely that Grupo Supervielle will take possession of collateral to mitigate potential credit losses.


		Allowances
	Gross	for loans		Fair value of
Credit Impaired loans	exposure	losses	Book value	collateral
Overdrafts	13,501,498	9,464,510	4,036,988	2,591,403
Receivables from financial leases	4,037,487	2,273,621	1,763,866	1,665,601
Promissory Notes	13,338,516	11,551,664	1,786,852	2,427,205
Mortgage loans	5,983,153	1,620,951	4,362,202	9,201,972
Personal loans	52,394,303	42,657,662	9,736,641	—
Automobile and other secured loans	28,726,436	21,619,979	7,106,457	49,074,902
Credit Card Loans	31,095,628	27,265,866	3,829,762	—
Other	37,952,906	22,619,744	15,333,162	13,186,456
Total	187,029,927	139,073,997	47,955,930	78,147,539

Write-off policy

Grupo Supervielle writes off, in whole or in part, when it has exhausted all practical recovery efforts and has concluded there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include: (i) ceasing enforcement activity and (ii) where Grupo Supervielle´s recovery method is foreclosing on collateral and the value of the collateral is such that there is no reasonable expectation of recovering in full.

Grupo Supervielle may write-off financial assets that are still subject to enforcement activity, The outstanding contractual amounts of such assets written off during the year ended on December 31, 2025 and 2024 amount to $54,941,731 and $18,524,763 respectively. Grupo Supervielle still seeks to recover amounts it is legally owed in full, but which have been partially written off due to no reasonable expectation of recovery.


		12.31.2025		12.31.2024
Balance at the beginning of the year		18,524,763		26,040,139
Additions		55,359,037		16,216,229
Disposals		(10,483,307)		(7,158,106)
Cash collection		(5,849,652)		(4,678,178)
Portfolio sales		(1,257,310)		(613,618)
Condonation		(3,376,345)		(1,866,310)
Exchange differences and other movements		(8,458,763)		(16,573,499)
Gross carrying amount		54,941,730		18,524,763