UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K

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1 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C FORM 6-K Report of Foreign Private Issuer Pursuant to Rule 13a-16 or 15d-16 under the Securities Exchange Act of 1934 For the month of November, 2017 Commission File Number: GRUPO SUPERVIELLE S.A. (Exact name of registrant as specified in its charter) SUPERVIELLE GROUP S.A. (Translation of registrant s name into English) Bartolomé Mitre 434, 5th Floor C1036AAH Buenos Aires Republic of Argentina (Address of principal executive offices) Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F Form 40-F Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): Yes No Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): Yes No

2 GRUPO SUPERVIELLE S.A. Exhibit 1. Grupo Supervielle S.A. Reports 3Q17 Consolidated Results. TABLE OF CONTENTS

3 Grupo Supervielle S.A. Reports 3Q17 Consolidated Results 3Q17 Net Income up 43% YoY and 8% QoQ. Net income, excluding non-recurring items in the previous quarter, increased 23% QoQ Completes Successful Follow on Equity Offering; Strengthens Capitalization to Support Growth Strategy Buenos Aires, November 8, Grupo Supervielle S.A. (NYSE: SUPV; BASE: SUPV), ( Supervielle orthe Company )auniversalfinancial servicesgroupheadquarteredinargentinawithanationwidepresence,todayreportedunauditedresultsforthethreeandnine-monthperiodsended September30,2017.AllfigurespresentedthroughoutthisdocumentareexpressedinnominalArgentinepesos(AR$)andallfinancialinformation hasbeenpreparedinaccordancewithargentinebankinggaap. Third Quarter 2017 Highlights Totalgrossloans,includingthesecuritizedloanportfolio,increased60.3%YoYand19.7%QoQtoAR$53.3billion.Totalbalancesheetloans grew61.8%yoyand21.3%qoq,reflectingthedecreaseinloansecuritization. NetincomeofAR$624.1million,up43.0%YoY,and7.7%QoQ.ROAEof27.0%in3Q17,asequityincreasedduetotheequityoffering.This compareswithroaeof28.6%in3q16and31.2%in2q17.roaaof3.5%in3q17,comparedto4.0%in3q16and3.6%in2q17. NIMof18.5% in3q17, contractingby200bpsyoyandby130bpsqoq, reflectingacombinationofahigherproportionofusdollar(us$) assetsandliabilities,alongwithahighershareofcorporatesegmentloans,andadecreaseintheinvestmentportfolioreturns.thear$nimon the Company s LoanPortfolio, which accounts for 82% of thetotal portfolio, declined 90bps QoQ to 23.4% in3q17, whileus$nim onthe Company sloanportfolioincreased20bpsto3.2%inthequarter.in2q17ar$andus$loanportfolioaccounted84%and16%respectively. Theefficiencyratioimprovedto61.9%in3Q17comparedwith62.5%in3Q16,and65.0%in2Q17. Non-performingloanratiodecreased20bpsto2.8%in3Q17from3.0%in3Q16and10bpsfrom2.9%2Q17. Successful completion of follow on equity offering in September 2017 raised US$342 million to fund accelerated growth bringing Proforma Consolidated Common Equity Tier 1 Ratio to 19.5% in 3Q17, up from 11.6% in 2Q17. Proceeds from the capital raised received in local currencyamountedtoar$5.6billion.equitytoassetratioof18.1%in3q17comparedto11.7%in2q17.thecompanyissuedatotalnumberof 85.45millionClassBshares.Previously,onJuly22,2017,thecompanyhasissued7.495millionClassBSharesfollowingacontributioninkind andrightsofferingapprovedbytheannualshareholdersmeeting. CEO Message Commenting on third quarter results, Patricio Supervielle, Grupo Supervielle s Chairman and CEO, noted: On the back of improved economicdynamicsacrossallsectorsoftheeconomy,weachievedbroad-basedabove-marketloananddepositsgrowth, whiledrivingefficiency andprofitabilitygains. Bycontrast, intheconsumerfinancesegmentconfidenceislaggingbehindeconomicrecoveryinthecontextofpersistent inflationandsoftjobrecovery.thisresultedinaslightincreaseinourcostofriskduringthequarter.however,wesawanimprovementinoverall NPLsandmaintainavigilantfocusonassetquality. Thesuccessfulcompletionofourfollow-onequityofferinginSeptember,just16monthsafterourIPO,providedadditionalUS$342millionincapital tosupportacceleratedgrowth.basedonoursolidperformanceto-date,increasedcapitalandourexpectationsforapositiveeconomicenvironment ahead,weareincreasingournetincomeguidanceforfiscalyear2017. Weareexcitedabouttherapidgrowthinmortgageloanswhichstartedthisyearwhere,basedonourestimates,todaywerankamongthetop5 originatorswithinprivatesectorbanks. Wehavealsobeenbusyintroducingnewproductsintothemarkettofurtherincreaseourcustomerbase, offer a tailor-made value proposition and build long-term relationships. We launched a new product offering dedicated to franchisees aimed at promotingtheadoptionoftechnology,trainingandprofessionalismintotheirbusinesses. Page 1

4 Financial Highlights & Key Ratios 1. AverageAssetsandaverageShareholder sequitycalculatedonadailybasis 2. TotalPortfolio:LoansandLeasingbeforeAllowances,IncludingSecuritizedPortfolio. 3. OnBalanceSheetLoans/TotalDeposits. 4. Thisratioincludestheliquidityheldattheholdingcompanylevel. 5. Regulatorycapitaldividedbyriskweightedassetstakingintoaccountoperationalandmarketrisk.TheregulatorycapitalratioappliesonlytotheBankandCCFona consolidatedbasisanddoesnotincludetheliquidityheldattheholdingcompanylevel-theproformaconsolidatedcapitalratio,includestheliquidityretainedatgrupo Superviellelevelaftertheequityoffering,whichisavailableforfurthercapitalinjectionsinitssubsidiaries.AsofSeptember30,2017,theliquidityamountedtoPs.6.5 billion. 6. Tier1capitaldividedbyriskweightedassetstakingintoaccountoperationalandmarketrisk.TheregulatoryTier1capitalratioappliesonlytotheBankandCCFona consolidatedbasisanddoesnotincludetheliquidityheldattheholdingcompanylevel.the.proformaconsolidatedtier1capitalratioincludestheliquidityretainedat GrupoSuperviellelevelaftertheequityoffering,whichisavailableforfurthercapitalinjectionsinitssubsidiaries.AsofSeptember30,2017,theliquidityamountedtoPs. 6.5billion. 7. Source:CityofBuenosAires 8. TheincreaseinthenumberofAccessPointsin2Q17,reflectstheopeningof1bankbranchlocatedinSanJusto(BuenosAiresProvince)and2bankingpaymentand collectioncenters. Page 2

5 3Q17 Earnings Call Dial-In Information Date: Thursday,November9,2017 Time: 9:00AM(USET);11:00AM(BuenosAiresTime) Dial-inNumbers: (U.S.andCanada), (International), (Argentina),or (U.K.) Webcast: Replay: FromThursday,November9,2017at12:00pmUSETthroughThursday,November23,2017at11:59pmUSET.Dial-in number: (u.s./canada)or (international).pinnumber: REVIEW OF CONSOLIDATED RESULTS Supervielle offers financial products and services mainly through Banco Supervielle (the Bank ), a universal commercial bank, and Cordial CompañíaFinanciera( CCF ), aconsumerfinancecompanywhichisconsolidatedwiththebank soperations. TheBankand CCF,Supervielle s mainassets,comprised83.6%and8.2%respectivelyoftotalassetsasof3q17.superviellealsooperatestarjetaautomática,aconsumerfinance distribution network operating mainly in southern Argentina; Supervielle Seguros, an insurance company; Supervielle Asset Management; and EspacioCordial,aretailcompanycross-sellingrelatednon-financialproductsandservices. Net Income & Profitability Net income in3q17increased43.0%orar$187.7millionyoytoar$624.1million,and7.7%orar$44.4millionqoq. On a sequential basis, non-recurring gains from the sale of two non-core assets in 2Q17 impacted the comparability of results for the quarter. Excludingtheseitems,netincomeforthequarterwouldhaveincreased23%QoQ. Reflectingseasonality,theCompany snetincomeishigherinthesecondhalfofeveryfiscalyearcomparedtothefirsthalf.thisisprimarilydueto havingtoabsorbtheimpactinexpensesofthefullyearsalaryincreasesnegotiatedbetweenthebankingassociationsandthebankingemployees tradeunionsincejanuary,whilerevenuesgrowcumulativelyonamonthlybasisthroughouttheyearastheloanportfoliosseason. Page 3

6 The43.0%YoYgrowthwasmainlydrivenbythefollowingincreases: 49.9%ingrossfinancialmargintoAR$2.3billion,fromAR$1.6billion,and 42.2% in net service fee income to AR$903.6 million, from AR$635.4million. TheseYoYcontributionstonetincomewerepartiallyoffsetby: 38.9% increaseinadministrative expenses toar$2.1billionfrom AR$1.5billion, 84.1% increase in loan loss provisions to AR$481.3 million from AR$261.4million, 44.3% decrease in income from insurance activities to AR$108.0 million, from AR$194.0 million, reflecting the decrease in credit related insurance revenues as a result of the regulatory changes introducedbythecentralbankeffectivesep2016,and 8.8%increaseinincometaxtoAR$204.5millionfromAR$187.9million. The7.7%QoQgrowthwasmainlyduetothefollowingincreases: 10.1%,orAR$215.5million,ingrossfinancialmargintoAR$2.3billion,fromAR$2.1billion,and 4.9%,orAR$42.0million,innetservicefeeincometoAR903.6million,fromAR$861.7million. Thesewerepartiallyoffsetby: A21.5%, orar$85.3million, increaseinloanloss provisions to AR$481.3 million, from AR$396.0 million, reflecting the growth of the loan portfolio,theincreaseinthecoverageratiofrom88.0%in2q17to88.9%in3q17,aswellashigherloanlossprovisionsrequiredbytheagingof loansdelinquentsincepreviousquarters. AlowernetmiscellaneousincomeofAR$28.7millionin3Q17comparedtoAR$103.1millionin2Q17.2Q17includednon-recurringgainsfrom: i)thesaleofaviñasdelmonteofar$20.5millionandii)thesaleofnon-strategicpieceofpropertyofar$60million,and A2.9%,orAR$57.9million,increaseinadministrativeexpensestoAR$2.1billion,fromAR$2.0billion. ROAA was3.5%in3q17comparedto4.0%in3q16and3.6%in2q17.netincomein2q17includedacombinedar$73.3millionnon-recurring netgainfromthesaleofviñasdelmonteandanothernon-strategicproperty. ROAE was27.0%in3q17comparedto28.6%in3q16and31.2%in2q17.thecapitalraisedintheequityofferingpricedonseptember12,2017, includingthesubsequentexerciseofthegreenshoe,resultedinanalmost70%increaseinequity,orar$5.6billion,whichexplainsthetemporary dilutioninroaein3q17.roaein2q17includedacombinedar$73.3millionnon-recurringnetgainfromthesaleofviñasdelmonteandanother non-strategicproperty. NIM & Gross Financial Margin In3Q17,Net interest margin (NIM) was18.5%comparedto20.5%in3q16and19.8%in2q17.net financial margin stoodat16.8%in3q17 comparedto18.7%in3q16and19.8%in2q17.gross financial margin wasar$2.3billion,increasingby49.9%yoyand10.1%qoq. NIMcontractedby130bpsQoQ,reflectingacombinationofahighershareofUSdollar(US$) assetsandliabilitiesalongwithahighershareof corporate segment loans, and a decline in returns from the investment portfolio. While the average Buenos Aires Deposits of Large Amount ( Badlar )rateincreased120bpsduringtheperiod,costoffundsremainedstable.loanstypicallyrepriceonalaggedbasis. TheAR$NIMontheCompany sloanportfolio,whichaccountsfor82%ofthetotalportfolio,declined90bpsqoqto23.4%in3q17reflectingthe highershareofcorporate.these,alongwithincreasedshareofus$-denominatesloans,impactedtotalloanportfolionim.in2q17ar$andus$ loanportfolioaccounted84%and Page 4

7 16%respectively.TheinvestmentportfolioNIMdecreased210bpsto15.0%drivenbyahigherproportionofU.S.dollardenominatedinstruments. YoY,whiletheloanportfolioNIMdecreased200bpsandtheAR$loanportfolioNIMdecreased50bps,higherproportionsofcorporateandUS$ denominatedloanswithintheloanportfolioandinvestmentportfolio,resultedinnimcontractingby200bps. TheTable below provides further information about NIM breakdown corresponding to the Investment Portfolio, Loan Portfolio excluding Foreign TradeandUS$Loans,andtheLoanPortfolio. The49.9% YoY increase in gross financial margin was mainly driven bythefollowingfactors: A 66.4%, or AR$22.3 billion, increase in average earning assets (including repo transactions), while average interest bearing liabilities including low or non-interest bearing deposits rose 68.9%, or AR$21.8 billion (including an 79.8% increase, or AR$ 10.7billion,inlowcostsavingsaccountsandnon-interestbearing checkingaccounts),and A590basispointsdecreaseininterestpaidoninterestbearingliabilities,followingthedeclineintheaverageBadlarrateintheperiod,whilethe averageinterestrateearnedonassetsdecreased470basispoints. TheYoYperformanceisexplainedbythefollowingfactors: 55%higheraverageloanvolumes,surpassingthe45.5%growthinsystemloandemand.Thiswaspartiallyfundedwiththecapitalinjectionfrom theequityofferinginseptember2017, A104.7% increase in average volumes of receivables from financial transactions due to the temporary investment of a portion of the funds receivedfromtheequityoffering,and Highervolumesontradinginvestments. Page 5

8 Thiswaspartiallyoffsetby: Theincrease in interest bearing-checking accounts, both in AR$ and U.S dollars, as Central Bank regulation 6148 in January 2017 allowed Bankstopayinterestontheamountsdepositedintheseaccounts,and HigheraveragevolumesinDepositsandLiabilitiespartiallysupportingloangrowth. The10.1%QoQincreaseingrossfinancialmarginwasmainlyduetothecombinationofthefollowingfactors: A15.1%,orAR$7.3billion,increaseinaverageearningassets(includingrepotransactions),whileaverageinterest-bearingliabilitiesincluding lowornon-interestbearingdepositsrose14.0%,orar$6.6billion(includingan13.5%increaseorar$2.9billioninlowcostsavingsaccounts andnon-interestbearingcheckingaccounts),and A10basispointsincreaseininterestpaidoninterestbearingliabilitieswhiletheaverageinterestrateearnedonassetsdecreased130basis points. TheQoQperformanceisexplainedbythefollowingfactors: Higheraverageloanvolumes,surpassingthe13%averageloangrowthintheindustry.Thiswaspartiallyfundedbythecapitalinjectionfromthe equityofferinginseptember2017,and A192.4%increaseinvolumesofreceivablesfromfinancialtransactionsduetothetemporaryinvestmentofpartofthefundsreceivedfromthe equityoffering. Financial Income Page 6

9 Financial income roseby42.1%yoytoar$3.9billionin3q17and12.4%qoq. The YoY increase in financial income mainly reflected the following increases: 43.8% in the average loan portfolio excluding foreign trade and US$ loans while the average interest rate decreased 310 basis points, 147.8%intheaverageforeigntradeandUS$loanportfolio,while theaverageinterestratedecreased30basispoints, 157.3%intheaverageinvestmentportfolio,and 104.7% in average receivables from financial transaction due to the temporary investment of a portion of the funds received from theequityoffering. TheYoYriseintheaverageloanportfolioexcludingforeigntradeandUS$loans, whichrepresents65% oftheaveragebalanceofsupervielle s interestearningassets,primarilyreflectsthefollowingincreasesinaveragebalances: 56.1%,orAR$4.6billion,inpersonalloans(includingthesecuritizedpersonalloansportfolio,theaveragebalanceofpersonalloansincreased 46.1%), 62.5%,orAR$2.7billion,inpromissorynotes, 75.6%,orAR$1.8billion,incorporateunsecuredloans, 45.8%,orAR$653.4million,inreceivablesfromfinancialleases, 8.1%,orAR$465.9million,increditcards,and 12.0%,orAR$331.8million,inoverdrafts. The 147.8%, or AR$4.6 billion, YoY rise in the average foreign trade and US dollar denominated loan portfolio, in line with the industry trend, reaching17.6%ofthetotalaverageloanportfolio. Theaverageinterestrateontotalloans,excludingforeigntradeandUSdollardenominatedloans,decreased310basispointsto33.8%in3Q17, from36.9%in3q16,mainlydrivenbyloweraverageinterestratesincorporatesegmentproductsandcreditcards,whileinterestratesonpersonal loansremainedstable. Higher foreign trade and US dollar denominated loans, promissory notes and receivables from financial leases reflect the loan growth in the Company s Corporate Segment since the IPO. The increase in the personal loans portfolio was driven by growth both intheconsumerfinance SegmentandintheRetailSegment. The12.4%QoQfinancialincomeperformancewasprimarilytheresultof: A13.8%, or AR$4.4 billion, increase in the average balance of total loans excluding foreign trade & US dollar denominated loans while the averageinterestratedeclined50basispoints, A23.9%,orAR$1.5billion,increaseintheaverageforeigntradeandUS$loanportfolio,whileaverageinterestrateremainedunchanged, 192.4%increaseintheaveragereceivablefromfinancialtransactionduetothetemporaryinvestmentsofpartofthefundsreceivedintheequity offering. Thiswaspartiallyoffsetbya5.6%, orar$520.2million, decreaseintheaveragebalanceoftheinvestmentportfoliotogetherwithlowertrading gains. The13.8%expansionintheaveragebalanceoftheloanportfolioexcludingforeigntrade&USdollardenominatedloansismainlyexplainedbythe followingincreases: 36.8%,orAR$1.9billion,inpromissorynotes, 16.7%,orAR$610.5million,incorporateunsecuredloans, 16.8%,orAR$299.5million,inreceivablesfromfinancialleases, 9.7%,orAR$1.1billion,inpersonalloans(includingthesecuritizedpersonalloansportfolio,theaveragebalanceofpersonalloansincreased 10.7%), 138.0%,orAR$247.8millioninmortgageloans.

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11 The23.9%QoQriseintheaverageforeigntradeandUSdollardenominatedloansportfoliowasinlinewiththeindustrytrend. Theaverage interest rate on the total loan portfolio excluding foreign trade & US dollar denominated loans was 33.8% compared with 34.3% in 2Q17. The average rate of corporate unsecured loans and Overdraft decreased 150 bps and 110 bps respectively while the average rate of promissorynotesincreased50bps. TheQoQdecreaseintheaveragebalanceoftheinvestmentportfoliowasmainlyexplainedby: i) a13.9%, orar$859.0million, decreaseinthe averageholdingsofsecuritiesissuedbytheargentinecentralbank(down8.9%,orar$561.1million,includingsecuritiesissuedbythecentral BankinRepoTransactionin3Q17and2Q17),whileGovernmentandCorporateSecuritiesincreasedby25.8%orAR$564.2million.Theinvestment portfolioaccountsfor16.0%oftheaverageinterestearningassets,downfrom19.4%inthepreviousquarter. Theaverageyieldontheinvestmentportfoliodecreasedto24.2%in3Q17,from26.3%in2Q17.Thiswasduetolowertradinggainsongovernment andcorporatesecuritiesandtheincreaseintheholdingofgovernmentandcorporatesecuritiesdenominatedinus$. *AverageGovernmentandCorporateSecuritiesbalancesin2Q17includedaverageAR$2,068.5millionofArgentineTreasuryNotesdenominatedinUSdollars(3%interest rate)andaveragear$governmentandcorporatesecuritiesbyar$681.3million. Financial Expenses Financial expenses increased31.8%yoytoar$1.6billionin3q17, reflecting a 68.9% increase in average interest-bearing liabilities and lowornon-interestbearingdeposits,(includinga79.8%increaseinlow cost savings accounts and non-interest bearing checking accounts), combined with a 290 basis points decrease in the average nominal rate.additionally,otherfinancialexpensesincreased40.1%duetothe 32.5% rise in the turnover tax, and in the monthly contribution that banksarerequiredtopaytofundthedepositsguaranteefund. Page 8

12 The68.9%, orar$21.8billion, YoYriseinaverageinterest-bearingliabilitiesandlowornon-interestbearingdepositstoAR$53.4billionin3Q17 wasmainlyduetothefollowingincreases: 242.8%, or AR$5.8 billion, in the average balance of borrowings from other financial institutions and medium-term notes to AR$ 8.2 billion reflectingthebank sissuanceofaglobaltermnoteinfebruary2017, 80.8%,orAR$6.2billion,inlowcostsavingsaccounts, 78.6%,orAR$4.5billion,innon-bearinginterestcheckingaccounts, 179.8%,orAR$3.4billion,ininterestbearing-checkingaccountsfollowingthenewCentralBankregulationthatallowsbankstopayintereston theamountsdepositedintheseaccounts(ar$1.2billionincreaseinu.s. dollarspecialcheckingaccountandar$2.2billioninar$special checkingaccounts),and 13.1%,orAR$1.7billion,intheaveragebalanceoftimedepositsreachingAR$14.2billion. *Otherincludesin3Q17:TurnoverTaxexpensesbyAR$242million,Premiumonforwardtransactionsapprox.AR$31.2millionlosses,andDepositsGuaranteeFund expensesapprox.ar$21million. Theaverageinterestratepaidoninterestbearingliabilitiesandlowornon-interestbearingdepositsdecreased290basispointsto9.6%in3Q17, from12.5%in3q16,mainlyreflecting: A79.8%,orAR$10.7billion,increaseintheamountofnon-interestbearingsavingandcheckingaccounts,whileinterestbearingtimedeposits increased13.1%,orar$1.7billion,andspecialcheckingaccountsincreased179.8%,orar$3.4billion, An860basispointsdecreaseintheaverageinterestrateonAR$timedepositsto17.5%consistentwiththeloweraverageBadlarrate, A560basispointsdecreaseintheaverageinterestrateonborrowingsfromotherfinancialinstitutionsandmedium-termnotes,and Aninterestrateof14.0%ontheaveragebalanceofspecialcheckingaccounts. Other expenses rose 40.1% reflecting the increase in turnover tax expense resulting from higher financial income and the higher monthly contributionthatbanksarerequiredtopaytofundthedepositsguaranteefund. Financialexpensesincreased16.1%QoQ,toAR$1.6billionin3Q17,reflectinga14.0%increaseinaverageinterest-bearingliabilitiesandlowor non-interestbearingdeposits,(includinga13.5%increaseinsavingsaccountsandcheckingaccount),combinedwitha10basispointsincreasein theaveragenominalrate.additionally,otherfinancialexpensesincreased22.5%duetohigherhedgingcostsandhigherturnovertax. The14.0%QoQriseinaverageinterest-bearingliabilitiesandlowornon-interestbearingdepositstoAR$53.4billionin3Q17wasmainlyduetothe followingincreases: 73.3%,orAR$2.2billion,ininterestbearing-checkingaccountsfollowingthenewCentralBankregulationthatallowsBankstopayintereston theamountsdepositedintheseaccounts(ar$1.2billionincreaseinu.s. dollarspecialcheckingaccountandar$1.0billioninar$special checkingaccounts), 21.2%,orAR$2.4billion,inlowcostsavingsaccounts: 36.0%,orAR$1.2billion,inforeigncurrency,and 15.3%,orAR$1.3billion,inAR$deposits. 5.5%,orAR$736.0million,intheaveragebalanceoftimedepositsreachingAR$14.2billion,and 4.4%,orAR$425.7million,innon-interestbearingcheckingaccounts.

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14 Theaverageinterestratepaidoninterestbearingliabilitiesandlowornon-interestbearingdepositsincreased10basispointsto9.6%in3Q17,from 9.5%in2Q17,mainlyreflecting: A13.5%,orAR$2.9billion,increaseintheamountoflowornon-interestbearingdeposits, A190basispointsincreaseintheaverageinterestrateofinterestbearing-specialcheckingaccounts, A40basispointsincreaseintheaverageinterestrateonborrowingsfromotherfinancialinstitutionsandmedium-termnotes, Thiswaspartiallyoffsetbya20basispointsdecreaseintheaverageinterestrateontimedepositsto15.6%duetohigherincreaseinU.Sdollar timedepositsthanar$timedeposits. Net Service Fee Income Net service fee income for3q17totaledar$903.6million, increasing 42.2%YoYand4.9%QoQ. Themaincontributorstoservicesfeeincomein3Q17weredebit&credit cards and deposit accounts representing 30% and 28% of the total, respectively. The 41.0% YoY rise in service fee income was driven mainly by the followingincreases: 88.9%,or AR$121.2 million, inother commissions dueto higher commissions billedonhealth plansandhighersalesofproducts offered by EspacioCordial,and 49.8%,orAR$120.5million,indepositaccountfees,reflectingthehighervolumeincheckingandsavingsaccounts,aswellasanincreasein feeschargedperaccountfollowingfeesderegulationbycentralbank, 22.7%,or AR$ 70.9 million, in credit and debit cards reflecting higher business volumes as wellasanincrease infeepricing aspercurrent CentralBankregulationswhichmorethanoffsetthereductionofcreditcardanddebitcardmerchantdiscountedrates( MDR ).Themaximum MDRfor2017is2.0%,andthemaximumdebitcardsalescommissionsfor2017is1.0% Page 10

15 OnMarch21,2016,theCentralBankeliminatedpriorauthorizationrequirementstochargefeesfornewproductsandotherfeeincreases. As a transition, a 20% increase in all banking charges was authorized starting June 1, 2016, and fully liberated from September 2016 onwards. ThroughCommunication A 6212,effectiveasofApril1,2017,theCentralBankissuedaplantograduallyreduce,onanannualbasis, credit cardanddebitcard merchant discounted rates ( MDR ). Inthisregard, themaximum MDRfor2017is2.0% andfor2018,2019, 2020and2021andafter,itwillbe1.85%,1.65%,1.50%and1.30%,respectively.Themaximumdebitcardsalescommissionsfor2017is 1.0%andfor2018,2019,2020and2021andafter,willbe0.90%,0.80%,0.70%and0.60%,respectively,and 58.7%,orAR$27.3millionincheckadministrationcommissions. The7.7%QoQriseinservicefeeincomeisexplainedbythefollowingincreases: 5.6%indepositaccountcommissions,totalingAR$362.2million,drivenbyhigherbusinessvolumesalongwithhigherfeepricingfollowingthe fullderegulationoffeesstartingseptember %,orAR$65.9million,inotherfeesduetohighercommissionsbilledonhealthplansofferedbyEspacioCordialamongothers 9.2%,or AR$ 32.5 million, in credit and debit cards reflecting higher business volumes as well as an increase in fee pricing as per current CentralBankregulationswhichmorethanoffsetthereductionofcreditcardanddebitcardmerchantdiscountedrates( MDR ).Themaximum MDRfor2017is2.0%,andthemaximumdebitcardsalescommissionsfor2017is1.0% 30.1%,orAR$17.1million,incheckadministrationcommissions,and Service fee expenses increased38.4%yoytoar$380.4millionin3q17,primarilyduetothefollowingincreases:i)58.7%incommissionspaid reflectinghigherbusinessvolumes,ii)37.3%inturnovertax,alongwitha5.5%reductioninpromotionsrelatedtocreditcardsissuedbythebank andccf OnaQoQbasis,servicefeeexpensesincreased14.9%,asaconsequenceofhighercommissionspaid. Page 11

16 Income from Insurance Activities Income from insurance activities includesinsurancepremiums, netofinsurancereservesandproductioncosts. SupervielleSeguros issuedits firstpoliciesinoctober2014withafewnon-creditrelatedinsuranceproducts,suchasprotectedbaginsuranceandpersonalaccidentinsurance.by year-end2015,superviellesegurosbeganissuingcredit-relatedpoliciessubstantiallygrowingitsbusinesssincethen,partlythroughthegrowthof theloansandcreditcardportfoliobalancesandpartlythroughthemigrationofsomeoftheportfoliopreviouslybookedinathird-partyinsurance company. However, as mentioned above, since September 1, 2016 both Banco Supervielle and Cordial Compañía Financiera are self-insuring againsttheserisksandonlycontractnewcreditrelatedinsurancesformortgagesloans. Incomefrominsuranceactivitiesfor3Q17amountedtoAR$108.0million,representingdecreasesof44.3%YoYand4.2%QoQ. Intermsofgrosswrittenpremiums,credit-relatedpoliciesdecreased24.0%inthequarter.Othernon-creditrelatedpolicies,suchasprotectedbag insuranceincreased4.9%qoqand31.6%yoy,whilepoliciesrelatedtolifeinsurancegrew6.9%qoqand46.0%yoy.inthequartersupervielle Seguroscommencedofferingnewproducts;includingHomeInsurance,TechnologyInsuranceandATMsinsurance. Loan Loss Provisions Loan loss provisions totaledar$481.3millionin3q17,up84.1%yoyand21.5%qoq. The84.1%YoYincreaseinloanlossprovisionsreflectsthe61.8%growthoftheloanportfolio,thedeteriorationinassetquality,particularlyinthe Consumer Finance segment, and the increase in the coverage ratio from 83.7% in 3Q16 to 88.9% in 3Q17. Asset quality deterioration in the ConsumerFinancesegmentwasduetosalaryadjustmentsresultingfromcollectivebargainingagreementsbelowtheannualinflationratein2016 alongwithincreasesinpublicservicestariffs,whichimpactedthepopulationsegment sdisposableincome. Loan loss provisions in the Consumer Finance segment rose 21.5% QoQ reflecting the 21.3% loan growth in the quarter, the 90 basis points increaseinthecoverageratioto88.9%in3q17,aswellashigherloanlossprovisionsresultingfromtheagingofloansdelinquentsinceprevious quarters. Whilehigherdelinquencyratesexperiencedinthefirstmonthsoftheyeararetypicallyexpectedtoimprovethroughouttheyearasthebeginningof the year salary bargaining agreements catch up with inflation improving consumers disposable income and their ability to pay their bills, this behaviorhasbeenchangingsince2016andimprovementhasnotbeenasfastasinpreviousyears,changingthepatternandseasonalityobserved inprioryears.thisslowdownisattributabletoconsumersentimentlaggingbehindeconomicrecoveryasconsumersremainmorecautiousabout resilientinflationlevels,andtheabovementionedincreasesinpublictariffs.inturn,consumersarerepayingloansataslowerpace,particularlyin theconsumerfinancesegment. Notwithstanding,theseincreasescomealongwithahighergrossintermediationmarginof102.5% YoYand19.3% QoQ. Pleasesee Consumer FinanceSegment fulldisclosure. TheNPL ratio decreasedto2.8%in3q17from3q16and2q17,whileallowancesasapercentageofnon-performingloansincreasedat88.9%in 3Q17from83.7%in3Q16and88.0%in2Q17. Thechartsbelowshowmanagerialinformationwithrespecttotheevolutionof30-180daysdelinquencyratesintheCompany sconsumerfinance Segmentportfolio: 1. Laggeddelinquencymeasurestherealdelinquencyoftheportfolio,withouttakingintoaccountdisbursementsmadeinrecentmonths.Thedelinquencyonanyone bucketismatchedwiththeportfoliothatoriginatedsuchdelinquency.thus,thedelinquencyratiofortheportfoliointhe30-180delinquencybucketasofseptember 2017,iscalculatedusinginthedenominatortheportfoliooutstandingasofMarch2017. Page 12

17 Efficiency & Administrative Expenses Theefficiency ratio improved60basispointsto61.9%in3q17,from 62.5% in3q16 reflecting higherrevenues as thecompany continues toleverageitsinfrastructure. Ona QoQ basis, the efficiency ratio improved 310 basis points from 65.0%in2Q17reflectingtheseasonalitydiscussedinthe NetIncome section. The main driver was the increase in revenues in the quarter partiallyoffsetbytaxchargeonthedebitandcreditaccounttransfers on the investments of the recent equity proceeds and higher AdvertisingandPublicityexpenses. Administrative expenses totaled AR$2.1 billion, rising 38.9% YoY mainly due to increases of 43.4% in personnel expenses and 31.4% in nonpersonneladministrativeexpenses. The43.4%YoYincreaseinpersonnel expenses wasmainlytheresultof: A23.5%riseintheaveragesalaryoftheBank spersonnel,resultingfromthecollectivebargainingagreementbetweenargentinebanks,and thelaborunionreachedin1q17.thisagreementcalledforanincreaseof19.5%correspondingtotheforward-lookinginflationin2017andan additionalincreaseintherangeof4%ascatchupforpastinflation, Salaryincreases,(notatthesamelevelasthebankinglaborunion)implementedattheCompany sothersubsidiariesduringlasttwelvemonths, and A6.3%increaseintheemployeebasereaching5,222tosupportgrowth,particularlyatthebank. The2.9%QoQincreaseinpersonnelexpenseswasduetothe10%salaryincreasesimplementedattheCompany sothersubsidiariessincejuly 2017andthe1.5%increaseintheemployeebase. TheYoYriseinnon-personnel administrative expenses toar$738.1millionwasmainlydrivenbythefollowingincreases: 49.8%,orAR$52.8million,intaxesmainlyduetotaxchargeonthedebitandcreditaccounttransfersontheinvestmentsoftheequityoffering proceeds,and 50.3%,orAR$39.3million,inOtherprofessionalfees, 24.6%,orAR$63.0million,inotherexpensesincludingleases,securityserviceexpenses,maintenance,insuranceandelectricity,amongothers, whichamountedtoar$319.0millionin3q17. OnaQoQbasis,non-personneladministrativeexpensesincreased5.6%orAR$39.4million,mainlyduetothefollowingincreases: 17.2%orAR$23.3million,intaxesmainlyduetotaxchargeonthedebitandcreditaccounttransfersontheinvestmentsoftheequityoffering proceeds, 3.8%,orAR$11.7million,inotherexpensesincludingleases,securityserviceexpenses,maintenance,insuranceandelectricity,amongothers, whichamountedtoar$319.0millionin3q17, 16.0%,orAR$10.1million,inadvertisingandpublicityexpenses,and 13.3%,orAR$13.7million,inOtherprofessionalfees. Page 13

18 Other Income (Loss), Net During3Q17SuperviellereportedOther income, net ofar$28.7millioncomparedwithaar$6.1millionlossin3q16andaar$103.1milliongain in2q17.otherincome,netin2q17included:i)thesaleofviñasdelmonte,anon-coresubsidiaryofsupervielle,forar$20.5million,andii)thesale ofanon-corepropertyforar$60million. Income Tax ThecorporateincometaxrateinArgentinais35%.AsperCentralBanksaccountingregulations,Supervielledoesnotrecognizedeferredtaxcredits orliabilitiesinitsmainsubsidiaries(thebankandccf).accordingly,theeffectivetaxratecouldvaryfromquartertoquarternotonlyfornon-taxable incomeornon-deductibleexpenses, butalsoduetothetiminginwhichthoseresultsarerecognized fortaxpurposes. Overthelongerterm, the effectiverateisanticipatedtobebetween30%to35%. Additionally,asincometaxispaidbyeachsubsidiaryonanindividualbasis,taxlossesinonelegalentitycannotbeoffsetbytaxgainsinanother legal entity. For example, at the holding company, financial expenses could not be offset with taxable income while having debt securities outstandingandnomaterialsourceoftaxableincome.incomefromproceedsfromequityofferingstemporarilyretainedattheholdingcompany,may allowsupervielletomorethanoffsetfinancialexpensespaidthroughthisvehicleandusetaxcreditsfrompreviousyears,whichinturnareexpected tolowertheeffectivetaxrate. Income tax in3q17wasar$204.5million,abovethear$187.9millionin3q16andbelowthear$213.7millionin2q17. ThisYoYincreaseismainlyduetohighertaxableincomewhichwaspartiallyoffsetbyalowereffectiveincometaxrate. TheQoQdecreaseinincometaxwasduetohigherpre-taxincomeandalowereffectivetaxrate.Ininterimperiods,theeffectivetaxratemaybe impactedbytheincreaseinloanlossreserves,whicharedeductedonalaggedbasisfromtaxableincome.asaresult,theeffectivetaxratewas higherin1q17,andwasthenlowerinsubsequentperiodswithinthesamefiscalyearwhenimpairedloansarerecoveredorotherwiseallowedtobe deducted. Moreover,in 3Q17 the return on liquid investments from cash retained at the holding company level, allowed Supervielle to use tax loss carryforwardsfrompreviousfiscal-years,thusreducingitseffectivetaxrate. Page 14

19 REVIEW OF CONSOLIDATED BALANCE SHEET Loan Portfolio Thegross loan portfolio,including loans and financial leases on the balance sheet, amounted to AR$51.4 billion, increasing 61.8% YoY and 21.3%QoQ.Includingthesecuritizedportfolio,totalgrossloansamountedtoAR$53.3billionincreasingby60.3%YoYand19.7%QoQ. Loans to the non-financial private sector and financial leases rose by62.5%yoyand21.5%qoq. TheYoYperformancewasmainlydrivenbythefollowingincreases: 91.5%,orAR$6.7billion,inpromissorynotes, 108.1%, or AR$4.4 billion, in foreign trade and US dollar denominatedloans, 48.4%,orAR$4.4billion,inpersonalloans, 40.5%,orAR$1.3billioninOverdraft, 60.7%, or AR$833.8 million, in receivable from financial leases, and AR$643.3 million increase in mortgages from AR$25.4 million in September2016toAR$668.7millioninSeptember2017. Page 15

20 ThemaindriversbehindtheQoQperformancewas: 27.7%,orAR$3.0billion,increasesinpromissorynotesinfactoringtransactions, 19.9%orAR$2.2billion,increaseinPersonalLoans, 19.7%,orAR$1.4billion,increaseinforeigntradeandUSdollardenominatedloans, 49.7%,orAR$1.3billion,increasesinOverdrafts,and 174.1%,orAR$424.8million,increaseinmortgages. Thechartsbelowshowtheevolutionoftheloanbookoverthepastfivequartersbrokendownbysegment. Asset Quality Allowances as a percentage of non-performing loans increasedto 88.9%asofSeptember2017,from83.7%asofSeptember2016and from88.0%asofjune2017. Cost of Risk was4.4%in3q17,comparedto3.7%in3q16and4.2% in2q17. TheYoYincreaseincostofriskismainlyexplainedbythe61.8%loan growth, thedeteriorationinassetquality, particularlyintheconsumer Financesegment,andtheincreaseinthecoverageratiofrom83.7%in 3Q16to88.9%in3Q17. TheQoQincreaseincostofriskismainlyexplainedby:i)the21.3%loangrowth,ii)a90basispointsincreaseinthecoverageratioto88.9%,and iii)theaccumulatedimpactofhigherloanlossprovisionsresultingfromtheagingofloansdelinquentsincepreviousquarters. Whenwe measure the net cost of risk, that is taking into consideration loan loss provisions net of charged-off loans recovered and allowances reversed.netcostofriskwas3.9%in3q17,comparedto3.4%in3q16and3.6%in2q17. Thetotal NPL ratio decreasedto2.8%in3q17,from3.0%inseptember2016and2.9%injune2017. TheYoYandQoQdecreaseinthetotalNPLratioresultedfromtheimprovementinNPLratiointheRetailsegment,whileNPLsintheCorporate segment remainedstable. Combined, thesesegments accountedfor88% ofthetotalloanportfolio. Thisimprovement waspartiallyoffsetbythe increaseinnplsintheconsumerfinanceportfolio,whichaccountedfor12%ofthetotalloanportfolio. RetailloansNPLsimprovedto2.9%in3Q17from3.8%in3Q16,andfrom3.2%in2Q17.ThisYoYperformancewasmainlydrivenbyadecreasein PersonalLoansNPLratioto2.6%inSeptember2017from3.7%inSeptember2016anda10basispointsdecreaseinCreditCardsNPLratioto 4.0%inSeptember2017.TheQoQperformancewasmainlyexplainedbyadecreaseinthePersonalLoansNPLratiofrom3.1%inJune2017while thecreditcardsnplratioincreased30basispointsfrom3.7%injune2017. Page 16

21 TheConsumerFinanceSegmentreportedanNPLratioof14.4%in3Q17representinganincreasefrom11.4%in3Q16and13.9%intheprevious quarter. While higher delinquency rates experienced in the first months of the year are typically expected to improve throughout theyearasthe beginningoftheyearsalarybargainingagreementscatchupwithinflationimprovingconsumers disposableincomeandtheirabilitytopaytheirbills, thisbehaviorhasbeenchangingsince2016andimprovementhasnotbeenasfastasinpreviousyears.notwithstanding,theseincreasescome alongwithahighergrossintermediationmarginof102.5%yoyand19.3%qoq.pleasesee ConsumerFinanceSegment fulldisclosure. 1-includesretailandconsumerfinanceportfolios 2-Totalportfolioincludestotalloansbeforeallowances,Unlistedcorporatebonds&othersandReceivablesfromfinancialleasesbeforeallowances Page 17

22 Funding Totalfunding,includingdeposits,othersourcesoffundingsuchasfinancingfromotherfinancialinstitutionsandnegotiableobligations,aswellas shareholders equity, increased 77.7% YoY and 17.5% QoQ. This was after the US$ 342 million capital raised in the follow-on equity offering in September2017. Foreigncurrencydenominateddepositsincreased281.8%YoYandaccountedfor26.8%oftotaldepositsin3Q17comparedto9.6%in3Q16.This YoY increase is ahead of industry growth of 86.3%, with system FX deposits accounting for 24.3% of total deposits compared to16.2% oftotal depositsinthesameperiodofthepreviousyear. OnaQoQbasis,USdollardenominateddepositsrose17.9%accountingforahighershareoftotaldepositsat26.8%upfrom24.0%.IndustryUS dollardenominateddepositsincreased15.3%andrepresenteda24.3%shareoftotaldeposits,upfrom21.2%in2q17. Page 18

23 Deposits Total deposits amountedtoar$47.2billionin3q17,increasing55.1%yoyand10.2%qoqandrepresenting59.8%ofsupervielle stotalfunding sourcescomparedto68.5%in3q16and63.8%in2q17.thelowershareofdepositsinfundingsourcesin3q17comparedto3q16reflectsthe issuance ofthe AR$-denominated Global Term Note infebruary 2017, thus diversifying our sources of funding, and the US$ 342 million capital raised in the follow-on equity offering in September The QoQ decrease in the share of deposits was due to the abovementioned capital increaseinseptember2017. AsofSeptember30,2017,theshareofwholesale/institutionaldepositsovertotaldepositsincreasedto26.2%from23.9%asofJune30,2017. Page 19

24 Non-orlow-costdemanddepositscomprised56%oftheCompany stotaldepositsbase(32.7%ofsavingsaccounts,19.5%ofcheckingaccounts and3.8% otheraccounts) asofseptember30, Demanddepositsrepresented60% oftotaldeposits(34.6% ofsavingsaccounts,20.7%of checkingaccountsand5.0%otheraccounts)asofjune30,2017and51%asofseptember30,2016. Drivenby the Company s sizeable deposit network franchise, retail branch deposits plus Senior Citizens deposits continued to represent ahigh shareoftotaldeposits.asofseptember30,2017,retailbranchdepositsplusseniorcitizendepositsrepresented54.4%oftotaldeposits,abitlower thanthe54.7%asofseptember30,2016butstablewiththe57.5%asofjune30,2017. In3Q17,privatesectordepositsgrew41.4%YoYand10.3%QoQ. TheYoYperformanceinprivatesectordepositswasduetothefollowingincreases: 76.6%,orAR$6.7billion,insavingsaccounts, 168.1%orAR$4.0billion, inspecialcheckingaccounts duetothecentral Bankregulationthat allowsbankstopayinterest ontheamounts depositedintheseaccounts,and 32.2%,orAR$1.2billion,incheckingaccounts. Theseincreaseswerepartiallyoffsetbya7.2%,orAR$908.8million,decreaseintimedeposits. TheQoQperformancewasexplainedbythefollowingincreases: 67.1%,orAR$2.6billion,inspecialcheckingaccounts, 4.1%,orAR$612.1million,insavingsaccounts, 5.1%,orAR$560.5million,intimedeposits,and 7.8%,orAR$357.7million,incheckingaccounts. As of September 30, 2017, savings accounts denominated in AR$, which represent 69% of total savings accounts (excluding special checking accounts),rose55.3%yoyand5.0%qoq.theremaining31%wasrepresentedbyusdollardenominatedsavingsaccounts,whichrose126.4% YoYbutdecreasedby2.1%QoQ(expressedinUS$dollars). Other Sources of Funding and Shareholder s Equity AsofSeptember30,2017,othersourcesoffundingandshareholder sequityamountedtoar$31.8billionincreasing126.7%yoyanddecreasing 30.5%QoQ. TheYoYriseinothersourcesoffundingwasexplainedbythefollowingincreases: 123.0%,orAR$7.9billion,inshareholder sequityduetothesuccessfulcompletionofthefollow-onequityofferinginseptember2017, 657.1%,orAR$6.2billion,inmediumtermnotesfollowingtheAR$-denominatedGlobalTermNoteUS$300millionissuedbyBancoSupervielle infebruary2017, 244.9%, or AR$454.1 million, in the funding from Banks and International institutions aimed at funding the strong increase in foreign trade operations, 87.4%,orAR$3.4billion,inotherfunding,and 14.0%,orAR$187.8million,insubordinatedloansandnegotiableobligationsmainlyreflectingtheimpactofthepesodevaluationagainstU.S. dollardenominatedandu.s.dollarlinkedsubordinatedbondsissuedbythebank. Theseincreaseswerepartiallyoffsetbya28.6%,orAR$352.8million,declineinloansfromdomesticfinancialinstitutions,grantedmainlytoCCF, theconsumerfinancesubsidiary. Page 20

25 TheQoQperformanceinothersourcesoffundingwasexplainedbythefollowingincreases: 82.7%,orAR$6.5billion,inshareholder sequityduetothesuccessfulcompletionoftheequityofferinginseptember2017, 49.4%,orAR$211.4million,inthefundingfromBanksandInternationalinstitutions, 6.2%,orAR$414.8million,inmediumtermnotes,and 4.1%,orAR$285.7billion,inotherfunding. Foreign Currency Exposure AssetsdenominatedinforeigncurrencyasofSeptember30,2017,represented21.1%oftotalassetscomparedto16.7%asofSeptember30,2016 and22.1%asofjune30,2017. LiabilitiesdenominatedinforeigncurrencyasofSeptember30,2017,represented23.5%oftotalliabilitiescomparedto12.8%asofSeptember30, 2016and21.6%asofJune30,2017.TotaldepositsdenominatedinforeigncurrencyasofSeptember30,2017represented26.8%oftotaldeposits comparedto9.6%asofseptember30,2016and24.0%asofjune30,2017. Liquidity & Capitalization As of September 30, 2017, the total loans to deposits ratio was 108.9%comparedto104.4%inSeptember30,2016and98.9%inJune 30,2017. The loan to deposit ratio as of September 30, 2017 increased 1,000 basispointsqoqto108.9%,asthecompanybegantoapplythefunds receivedfromtheequityofferingtofundthe19.7%loangrowth,together withtheincreaseindepositsandadecreaseintheinvestmentportfolio. AsofSeptember30,2017,liquiditycoverageratio(LCR)was122.6%comparedto104.1%atSeptember30,2016and126.5%atJune30,2017. AsofSeptember30,2017,equity to total assets was18.1%,comparedto14.4%atseptember30,2016and11.7%atjune30,2017.theyoy andqoqincreasewasdrivenbythecapitalinjectionfromtheequityofferinginseptember2017. Net proceeds from the capital raised in September amounted to Ar$5.6 billion. The table below presents the evolution of the company s shareholdersequitysince1q17 Page 21

26 InFebruaryandMarch2017,CCFreceivednetcapitalinjectionsofAR$100million. InSeptember2017,TarjetaAutomáticareceivednetcapitalinjectionsofAR$150million. In 3Q17, Banco Supervielle s consolidated financial position showed an increased solvency level with an integrated capital of AR$7.4 billion, exceedingtotalcapitalrequirementsbyar$1.9billion. ThetablebelowpresentsinformationabouttheBankandCCF sconsolidatedregulatorycapitalandminimumcapitalrequirementasofthedates indicated: AsofSeptember30,2017,BancoSupervielle stier 1 Capital ratio onaconsolidatedbasiswithccfwas9.8%,comparedto11.3%atseptember 30,2016and10.3%atJune30,2017.IncludingtheAR$6.5billionfundsretainedattheholdingcompanyafterthefollow-onequityoffering,which areavailableforfurthercapitalinjectionsinitssubsidiaries,theconsolidated pro-forma TIER1 Capital ratio asofseptember30,2017stoodat 19.5%.Supervielle stier1ratiocoincideswithcet1ratio. AsofSeptember30,2017,BancoSupervielle stotal capital ratio onaconsolidatedbasiswithccfwas11.0%comparedto13.0%inthesame periodof2016and11.7%atjune30,2017.includingthear$6.5billionfundsretainedattheholdingcompanyafterthefollow-onequityoffering, whichareavailableforfurthercapitalinjectionsinitssubsidiaries,theconsolidated pro-forma total capital ratio asofseptember30,2017stood at20.7%. Page 22

27 1.Tier1Capital/Riskweightedassetsdoesnotinclude$6.5billiontier1capitalretainedattheholdingcompanylevel,thatisavailableforinjectioninsubsidiaries.Itonly includescapitalattheconsolidatedbanklevel.tier1proforma(including$6.5billionattheholdingcompany)stoodat19.5%asofseptember30,2017. Page 23

28 RESULTS BY SEGMENT Overview Supervielle conducts its business through the following operating segments: Retail Banking, Corporate Banking, Treasury, Consumer Finance, Insurance,andAssetManagement&OtherServices. Net Revenue Mix In 3Q17, the Retail segment represented 56.0% of total revenues, comparedto56.1%in3q16and55.9%in2q17. TheCorporateSegmentrepresented13.8%oftotalrevenuesin3Q17 comparedto13.0%in3q16and13.6%in2q17,whiletheconsumer Finance Segment represented 18.6% of total revenues in 3Q17 comparedto14.4%in3q16and17.1%in2q17. Net Income Mix In 3Q17, the Corporate Segment represented 31.2% of net income, compared to 26.8% in 3Q16 and 28.4% in 2Q17. The Retail Segment represented32.6%ofnetincomein3q17comparedto31.7%in3q16and37.4%in2q17.theconsumerfinancesegmentrepresented13.2%of netincomein3q17comparedto2.5%in3q16and5.1%in2q17. Page 24

29 Retail Banking Segment ThroughtheBank,Supervielleoffersitsretailcustomersafullrangeoffinancialproductsandservices,includingpersonalloans,depositaccounts, purchaseandsaleofforeignexchangeandpreciousmetalsandcreditcards,amongothers. Net income rose34.0%yoyreachingar$173.7million.thisresultedmainlyfromahighergrossintermediationmargin(up45.1%,orar$440.2 million)anda16.1%,orar$56.3million,increaseinnetservicefeeincome.theseincreaseswerepartiallyoffsetbyincreasesof41.2%,orar$ 399.8million,inadministrativeexpensesand74.1%,orAR$86.4million,inloanlossprovisions. Netincomedecreased12.9%QoQexplainedby:i)a4.2%,orAR$55.8million,decreaseinadministrativeexpensesandii)a17.1%,orAR$29.7 million,increaseinloanlossprovision.grossintermediationmarginrose8.0%,orar$104.4million,increasetoar$1.4billion. In3Q17,net revenue wasar$1.8billion,increasing37.4%from3q16and6.0%qoq. TheYoYincreaseismainlyexplainedby:i)a45.1%growthingross financial margin (thatrepresents78%ofthenetrevenue),asaconsequence oftheincreaseinthevolumesofpersonalloansandtoalesserextenttheincreasethevolumeinmortgageloans.thiscoupledwithastablecostof funds,andii)a16.1%increaseinnet service fee income duetohigherfeesoncreditanddebitcardsreflectinghigherbusinessvolumesaswellas an increase in fee pricing as per current Central Bank regulations which more than offset the reduction of credit card and debit card merchant discountedrates( MDR ).ThemaximumMDRfor2017is2.0%,andthemaximumdebitcardsalescommissionsfor2017is1.0%. The6.0%QoQincreaseinnetrevenueresultedfroman8.0%increaseingrossintermediationmarginwhichisexplainedbytheincreaseinloan volume(includingsecuritizedloanportfolio)andhigherincomeondepositsfromtreasuryfunds,whiletheaveragecostofdepositsincreasedinthe quarterinlinewiththeincreaseinthebadlarrate. Loan loss provisions amountedtoar$203.0millionin3q17, up74.1% from3q16and17.1% from2q17. TheYoYriseisprimarilyduetothe growthintheloanportfolioandanincreaseinthecoverageratioaswellastheaccumulatedimpactofhigherloanlossprovisionsresultingfromthe agingofloansdelinquentsincepreviousquarters. Retail banking loans(includingreceivablefromfinancialleases)reachedar$18.9billionatseptember30,2017increasing45.1%yoyand14.7% QoQ.Includingthesecuritizedloanportfolio,totalloansamountedtoAR$19.7billion,up42.1%from3Q16and13.7%comparedto2Q17.These increaseswereasaconsequenceofthehighervolumesofpersonalloansandtoalesserextenttheincreasethevolumeinmortgageloans. Retail banking deposits rose57.5%onannualbasisand9.1%versus2q17. AsofSeptember30,2017,theBankmaintainedapproximately2.4millionsavingsaccountsand82,000checkingaccounts.In3Q17,theBankalso serviced more than 780,000 product bundles for senior citizens, over 167,000 Plan Sueldo ( Payroll ) accounts and more than 47,000 product bundlesforhighnetworthcustomers. Page 25

30 Corporate Banking Segment Throughthe Bank, Supervielle offers large corporations, middle market companies and small businesses a full range of products, services and financingoptionsincludingfactoring,leasing,foreigntradefinanceandcashmanagement,althoughwithafocusonmiddlemarketandsmes. Net income rose51.7%yoyreachingar$166.1million.thisyoyincreaseresultedmainlyfromincreasesof:i)42.7%,orar$75.3million,ingross intermediation margin, and ii) 49.7%, or AR$65.0 million, in net service fee income. This was partially offset by increases of 99.8%, or AR$29.7 million,inloanlossprovisionsand42.5%,orar$206.7million,inadministrativeexpensestosupportbusinessgrowth. In3Q17net revenues werear$447.8million,up45.6%from3q16and6.9%qoq.theyoyincreasewasprimarilyduetothe42.7%increasein gross financial margin reflecting:i)higherloanvolumeinforeigntrade&usdollarloans,leasingandfactoringtransactions,andii)49.7%growth innet service fee income drivenbydepositaccountcommissionsandfeesonforeigntradeloans. TheQoQincreaseinnetrevenuesresultedmainlyfromthe17.1%riseinnetservicefeeincomedrivenbydepositaccountcommissionsandcheck administrationcommissions. Loan loss provisions increased 99.8% YoY and 158.2% QoQ while the Non-performing loan ratio remained unchanged. Loan loss provisions amounted to AR$59.5 million in 3Q17, AR$29.7 million higher than the AR$29.8 million reported in 3Q16 and AR$36.5 million higher than the AR$23.1millionreportedin2Q17. The corporate loan portfolio (including loans and receivables from financial leases) rose 80.2% YoY and 23.7% QoQ to AR$25.3 billion as Supervielleleverageditshighercapitalbasetoincreasetheaverageloansizeperclient.Includingthesecuritizedportfolio,totalloansamountedto AR$25.3billionandincreasedby79.4%YoY. Totaldeposits amountedtoar$3.6billion,increasing44.0%yoy,and20.9%qoq.yoy,higher-costcorporatedeposits,grewatalowerratethan retaildepositsasthecompanyleverageditsretailorientedfranchisecomplementedwiththeissuanceofmediumtermnotes,whichprovidealonger tenorthancorporatedeposits.asaresult,corporatedepositsfellto19%oftotaldepositsin3q17from21%in3q16. Treasury Segment TheTreasurySegmentisprimarilyresponsiblefortheallocationoftheBank sliquidityaccordingtotheneedsandopportunitiesoftheretailand CorporateBankingsegmentsaswellasitsownneedsandopportunities.TheTreasurySegmentimplementstheBank sfinancialriskmanagement policies,managesthebank stradingdesk,distributestreasuryproductssuchasdebtsecurities,anddevelopsbusinesseswithwholesalefinancial andnon-financialclients. Page 26

31 Net income attributabletothetreasurysegmentin3q17wasar$9.4millioncomparedtoar$39.0millionin3q16andar$55.0millionin2q17. The75.8%YoYdeclinereflects:i)decreasesof22.0%ingrossintermediationmarginand5.9%innetservicefeeincome,andii)a25.9%increase inadministrativeexpenses. The82.8% QoQ decrease wasduetodeclines of29.8% ingross intermediation margin and59.5% innetservice feeincome. Thiswas partially offsetbyloweradministrativeexpenses. In3Q17,net revenues werear$106.3million,down21.1%from3q16duetoa22.0%decreaseingrossfinancialmargindrivenbyhigherfinancial expensesfromtheissuanceofthear$-denominatedglobaltermnoteequivalenttous$300millioninfebruary2017,andhigherinterestpaidin interestbearingspecialcheckingaccounts. Onaquarterlybasis,the33.2%decreaseinnetrevenuetoAR$106.3millionisexplainedmainlyby:ai)29.8%decreaseingrossintermediation marginduetolowerfxandtradinggainsin3q17andhigherexpensesduetohigherinterestpaidoninterestbearingspecialcheckingaccounts andii)59.5%decreaseinnetservicefeeincome.inthepreviousquarter,netservicefeeincomeincludedstrongcommissionsrevenuesonthird partycapitalmarkettransactionsamongothers. TheTreasurySegment sgovernment and corporate securities portfoliowasar$6.1billionin3q17,increasing130.5%fromseptember30,2016, butdecreasing18.6%fromjune30,2017,reflectinglowerholdingsofsecuritiesissuedbytheargentinecentralbank. Consumer Finance Segment ThroughCordial Compañia Financiera and Tarjeta Automatica, Supervielle offers credit card services and loans to the middle and lower-middleincomesectors.productofferingsalsoincludeconsumerloans,creditcardsandinsuranceproductsthroughanexclusiveagreementwithwalmart Argentina. During3Q17net income wasar$70.5million,comparedtoar$10.1millionin3q16andar$27.3millionin2q17. TheYoYincreasewasmainlydrivenbythe74.8%increaseinthevolumeofpersonalloanportfolio. Page 27

32 TheQoQriseinnetincomewasmainlydrivenbyincreasesof19.3%ingrossintermediationmarginwhichpricedthehighercostofriskobservedin thissegment,and5.6%innetservicefeeincome.theseincreasesmorethanoffset6.7%riseinadministrativeexpensesprimarilyresultingfrom salaryincreasesimplementedattheconsumerfinancecompaniesduringthirdquarter,andthe6.2%increaseinloanlossprovisionsinthequarter. In3Q17,net revenues werear$604.5million,up340.1%from3q16.annualincreasesof102.5%ingross intermediation margin duetohigher volumeofloansand36.9%innet service fee income werethemaindriversbehindtheyoygrowthinnetrevenues. OnaQoQbasis,net revenues rose14.9%mainlyduetoincreasesof19.3%ingrossintermediationmarginand14.9%innetservicefeeincome. Loan loss provisions amountedtoar$213.8millionin3q17,up97.9%from3q16and6.2%from2q17.thisreflectsdeteriorationinassetquality occurredin2q16andthatremaininhigherlevelthaninpreviousyears.assetqualitydeteriorationinthesegmentwasduetosalaryadjustments resultingfromcollectivebargainingagreementsbelowtheannualinflationratein2016alongwithincreasesinpublicservicestariffs,whichimpacted thepopulationsegment sdisposableincome. Whilehigherdelinquencyratesexperiencedinthefirstmonthsoftheyeararetypicallyexpectedtoimprovethroughouttheyearasthebeginningof the year salary bargaining agreements catch up with inflation improving consumers disposable income and their ability to pay their bills, this behavior has been changing since 2016 and improvement has not been as fast as in previous years. This slowdown is attributable to consumer sentimentlaggingbehindeconomicrecoveryasconsumersremainmorecautiousaboutresilientinflationlevelsandtheabovementionedincreases inpublictariffs.inturn,consumersarerepayingloansataslowerpace,particularlyintheconsumerfinancesegment. Notwithstanding,theseincreasescomealongwithahighergrossintermediationmarginof102.5% YoYand19.3% QoQ, whichpricedthehigher costofrisk.pleasesee ConsumerFinanceSegment fulldisclosure. Loans totaledar$5.3billionasofseptember30,2017increasing56.1%yoyand22.9%qoq.includingthesecuritizedloanportfolio,totalloans amountedar$6.3billion,up60.3%from3q16and12.8%qoq.qoq,loangrowthwasmainlydrivenbytheincreaseinpersonalloans. Insurance Segment ThroughSupervielle Seguros, Supervielle offers insurance products, primarily personal accidents insurance, protected bagandlife insurance. All insurance products are offered to all our customers. Supervielle Seguros offers credit related and others insurance to satisfy the needs of our customersaswell. Net income attributabletotheinsurancesegmentin3q17wasar$47.5million,comparedtoar$78.4millionin3q16andar$50.1millioninthe previousquarter. SupervielleSegurosissueditsfirstpoliciesinOctober2014withafewnon-creditrelatedinsuranceproducts,suchasprotectedbaginsuranceand personalaccidentinsurance.byyearend2015,itbeganissuingcredit-relatedpoliciessubstantiallygrowingitsbusinesssincethen,partlythrough growthintheloansandcreditcardportfoliobalancesandpartlythroughthemigrationofsomeoftheportfoliospreviouslybookedinathird-party insurancecompany. However, asmentionedabove, sinceseptember1, 2016bothBancoSupervielleandCordialCompañiaFinancieraarenow self-insuring these risks and only contract new credit related insurances for mortgages loans. The Company expects to continue expanding this business and launching new insurance products previously offered to its customers by other Insurance Companies. As part of this strategy, SupervielleSegurosstartedtooffernewproductsinthequarterincluding;HomeInsurance,TechnologyInsuranceandATMsinsurance. Page 28

33 Gross written premiums decreasedby17.3%yoyand1.1%inthequarter. Net revenues attributabletosuperviellesegurosin3q17werear$110.9million,decreasing29.8%yoyand0.9%qoq. Claims Paid amountedtoar$51.3millionin3q17,increasing6.7%yoyand19.0%qoq.thecombined ratio increasedto75.5%in3q17from 52.7%in3Q16and70.0%in2Q16duetohigherexpensesandclaimspaid. Asset Management & Others Segment Supervielleoffers a variety of other services to its customers, including mutual fund products through Supervielle Asset Management, and nonfinancial products and services through Espacio Cordial. Up until March 31, 2017 Supervielle offered microcredit financing through Cordial Microfinanzas. Net income increased53.8%yoyand31.2%qoqtoar$65.5million. In3Q17Net revenues werear$160.9million,up66.7%from3q16and15.0%qoq. TheYoYincreaseinnetrevenues wasmainly driven bythe90.8% rise innetservice feeincome driven bysuccessful cross-selling initiativesto leverage the Company s compelling financial product offering, both through the asset management business and the non-financial products and servicessoldbyespaciocordial. TheQoQincreaseinnetrevenuewassupportedbythe23.4%increaseinnetservicefeeincomeresultingfromEspacioCordial sfeeincome. Page 29

34 Assets under management amounted to AR$16.1 billion as of September 30, 2017, up from AR$9.6 billion as of September 2016 and AR$13.6billionasofJune2017.AsofSeptember30,2017,fixedincome fundsrepresented90%ofassetsundermanagement. FY 2017 GUIDANCE SuperviellerevisedguidanceforFY17isoutlinedinthefollowingbelow,reflectingthenewcapitalraised: 1 Includesleasesandsecuritizedportfolio 2 TheTIER1ratioguidancereferstotheConsolidatedProformaTier1Ratio,whichincludesfundsheldattheholdingcompany. 3 Theinitialguidanceassumed:i)GDPexpectedtogrowby3.0%in2017(Source:MarketExpectationsSurveyasofJanuary2017),ii)Expectedinflationforfullyear2017of 20%(Source:MarketExpectationsSurvey),andiii)TheAverageBadlarinterestrateinitiallyexpectedtoreach19%inDecember2017(CompanyEstimates).Basedonthe mostrecentmarketexpectationssurvey,theinflationconsensusforfullyear2017standsat23%,whilethecurrentdepositsratesarebadlar22.6%andtm2023.8%.badlar istheaveragerateforlargedepositsabovear$1million.tm20isthewholesaledepositsratefordepositsabovear$20million(ratereleasedsinceseptember20,2017). ThisguidanceconsidersthatSupervielle seconomic,financialandassetsituationwillnotbemateriallyaffectedbytheterminationofthefinancial agencyagreemententeredintobytheprovinceofsanluisandbancosupervielleearlierintheyear. Typically,theCompany snetincomeinthesecondhalfoftheyearishigherthaninthefirsthalf,mainlyduetotheseasonalityofeconomicactivity plustheeffectofthemonthlycumulativeincreaseofassetsinnominalterms Page 30

35 and salary increases agreed upon between the Bank and the banking employees trade union historically during the second quarter but applied retroactivelytothefirstquarter. TheEfficiencyRatioisexpectedtobeinthemid-fiftiesinFY2019astheCompanycontinuestoexecuteonitsgrowthstrategy. AsannouncedinFebruary,2017,SuperviellecommittedapproximatelyAR$400millionduringtheyear:i)buildoutitscoreproductleadershipinto integralrelationshipswithcustomers,ii)increasenetworkfootprintbyopeningfivebankbranchesinstrategiclocationsalignedwiththecompany s SME s business strategy (the first of each was recently opened in the district of San Justo in the Province of Buenos Aires, iii) step up digital innovationinitiativestoenhancecustomerexperienceandreduceservicecosts,andiv)strengthenindirectcommercialchannels,particularlyatthe contactcenterandsalesforce.theseinitiativesareexpectedtofurtherdriveprofitablegrowthasthecompanycontinuestoexecuteonitsstrategy anddeliveracceleratedimprovementinefficiencyafter2017. Page 31

36 RELEVANT EVENTS Banco Supervielle, distinguished by Euromoney in the category Best Bank of Argentina OnJuly7 th,2017,theprestigiousinternationalpublicationeuromoneyrecognizedbancosupervielleas TheBestBankinArgentina.Thisaward ispartoftheeuromoneyawardsforexcellence,heldsince1992. Toselectthewinners,Euromoneyanalyzedthepositioningofeachcompanyintheirrespectivecountryandtheircustomers satisfaction. JoséLuisPanero,COOofGrupoSupervielle,andNerioPeitiado,CEOofBancoSupervielle,receivedtheawardataceremonyheldinLondonin July. ThisrecognitionfollowstheLatinFinanceInitialPublicOfferingoftheYearawardreceivedinJanuary2017. Irrevocable capital contribution to Cordial Compañía Financiera S.A InJuly2017,GrupoSupervielleanditssubsidiaryBancoSuperviellemadeanirrevocablecapitalcontributioninCordialCompañíaFinancieraS.A. foratotalamountofar$50millionfollowingtheloanportfoliogrowthofthissubsidiary. Issuance of 7,494,710 New Class B Common Shares Following the capital increase approved by the Ordinary and Extraordinary Shareholders Meeting held on April 27, 2017, a total of 7,494,710ClassBshareswithaparvalueofAR$1eachandonevotepershareandentitledtoreceivedividendsonanequalbasiswiththeother ClassBcommonshareswereissuedbyGrupoSupervielleonJuly19,2017.Ofthenewshares,4,321,208sharesweredeliveredtoMr.Patricio Supervielleinconsiderationoftheagreedcontributionin-kindand3,710,824shareswere offeredinsubscriptiontoexistingshareholders. Taking intoaccountthesubscriptionofnewshares,thecapitalincreaseofgruposupervielleamountedto7,494,710shares. Asaresultofthenewsharesissuedfollowingtherightsoffering,SupervielleraisedAR$158.4million. Banco Supervielle opens a new branch in San Justo OnAugust1st, 2017, BancoSupervielle openedanewbranchlocatedonave. B. JuanM. derosas3536, SanJusto district intheprovinceof BuenosAires.Thisisthefirstoftheplannedopeningsfor2017andispartofGrupoSupervielle sstrategytocontinueimprovingitspositioninginthe SMEsegment. Irrevocable capital contribution to Tarjeta Automática S.A In September 2017, Grupo Supervielle and its subsidiaries Banco Supervielle and Cordial Compañía Financiera made an irrevocable capital contributionintarjetaautomáticas.a.foratotalamountofar$.150million. Follow-on Equity Offering OnSeptember17,2017,SupervielleannouncedtheclosingofaglobalofferingofClassBshares.Theglobalofferingconsistedofaninternational offering in the United States and other countries outside of Argentina (the International Offering ) and a concurrent offering in Argentina (the Argentine Offering and together with the International Offering, the Global Offering ). Simultaneously with the Global Offering, the company conducted a preemptive and accretion rights offering of Class B shares to existing shareholders (the Rights Offering ). In the aggregate, 70,000,000ClassBshareswereofferedbyGrupoSupervielleand33,000,000ClassBshareswereofferedbytheSellingShareholder,including theclassbsharesofferedbythecompanyintherightsoffering. TheGlobalOfferingandRightsOfferingpricedonSeptember12,2017,atUS$4.00perClassBshare,orUS$20.00perADS,foranaggregate offeringsizeofus$412million.17,238,907americandepositaryshares( ADSs )weresoldintheinternationaloffering.eachadsrepresentsfive ClassBshares. 12,410,957ClassBsharesweresoldintheArgentineOfferingand4,394,508ClassBsharesweresubscribedpursuanttothe Rights Offering. On September 14, 2017, the international underwriters exercised their option to purchase up to 14,582,730 additional Class B shares,whichmayberepresentedbyadssattheoptionoftheinternationalunderwriters.asaresultoftheexerciseofsuchoption,anadditional 867,267ClassBsharesweresoldtoexistingshareholderspursuanttotheirexerciseofpreemptiveandaccretionrightsrelatingtosuchoption. Page 32

37 Afterthefollow-onequityoffering,thecapitalownershipiscomprisedof: Guidelines Towards Conversion to IFRS Following the Central Bank guidelines towards conversion to IFRS as issued by the International Accounting Standards Board (IASB), the Company sunauditedfinancialstatementsasofseptember30,2017includeareconciliationtoifrsofshareholders equityasofthebeginningof the2017fiscalyear,andasofseptember30,2017,andtheincomestatementandothercomprehensiveincomeforthenine-monthperiodended September30,2017.Thenetadjustmentstoshareholders equityasofseptember30,2017wouldhavetotalednegativear$312.6million,which wouldhaverepresenteda2.2%decreaseinshareholders equityasofthesamedatemeasuredinaccordancetoargentinecentralbankgaap. Accordingtotheabove-mentionedguidelines,IFRSwillbeadoptedcommencingfiscalyear2018,andthefiguresshowninSupervielle snotesto thefinancialstatementsfor9m17maybesubjecttochangeandmayonlybeconsidereddefinitivewhenauditedfinancialstatementsforfiscalyear 2018arereleased. PRODUCT LAUNCHES Supervielle launched an exclusive value proposition for Franchises businesses InAugust2017,Superviellelaunchedanewlineofcreditintendedonlyforfranchising,consistingofapre-approvedloanforfranchiseeswhoare goingthroughtheirstart-upphaseorforthosewhowanttorenewtheirnetwork. Withafinancingofupto40%oftheinitialinvestmentandaloanofAR$800,000asacap,franchiseeswhohavejustbeguntheircommercialactivity willbeabletoaccesspreferential rates, in36-48months, witha6-month grace period. Theintegralvalueproposition alsoincludescreditcards, insuranceproductsandamanagementsoftware. The financial product developed by Supervielle aims to support the growth and development of the franchise ecosystem, in which SMEs and entrepreneurs are main players. With this new proposal, the company seeks to accompany the franchisee from the start-up of theircommercial project, whichisthemostcriticalandcomplexstage, butalsotobeattheirsideduringthedevelopmentandgrowthofthebusiness. Supervielle wantstobeclosetosmesandpromotetheirentrepreneurialspirit,sothattheycanincorporatetechnology,trainingandprofessionalismintotheir businesses. SUBSEQUENT EVENTS Changes in the Organizational Structure Mr.Pablo Di Salvo has been appointed Chief Credit Officer in replacement of Mr. Javier Martínez Huerga, who resigned from office due to personalreasons.mr.disalvohasmorethan30yearsexperiencewithinthebankingindustry,havingheldseniormanagementpositionsinthe CreditandRisksareaswithBankBoston,BancoItaú,BancoSupervielleandAmericanExpress.. Mr.MarceloVivancoremainsheadoftheITDepartmentandaddstohisresponsibilitiestheOperationsarea. Ms.ClaudiaAndrettoisnowheadoftheCentralServicesandSupplyManagementDepartment. CREDIT RATINGS BancoSupervielle scredit: Banco Supervielle Credit Rating FitchRatingsassignedalong-termratingof B(EXP)/RR4 tobancosupervielles.a. s(supervielle) seriesaseniorunsecuredfloatingratenotes issuedonfebruary9,2017foratotalamountofuptous$300millionpeso Page 33

38 equivalent.onoctober17,2017,fitchratingshasaffirmedbancosupervielles.a. s(supervielle)long-termforeignandlocalcurrencyissuer DefaultRatings(IDRs)at B.TheRatingOutlookisStable. Banco Supervielle Credit Rating Moody sinvestorsserviceassignedab3globalscalelocalcurrencydebtratingtobancosupervielles.a.(supervielle) sclassanotesforatotal amountofuptous$300millionpesoequivalent. Banco Supervielle Credit Rating FixScr(ArgentineaffiliateofFitchGroup)maintainsalocallongtermnationalscaleratingforBancoSupervielleasAA(Arg),withastableoutlook. ThisratingwasaffirmedonOctober27. OnMarch7,2017,Moody slatinamericachangedtheoutlooktopositivefromstableonmultipleargentinebanksandfinancecompanies,including GrupoSupervielleandBancoSupervielle. REGULATORY CHANGES OnNovember3,2017,throughitsCommunication A 6352,theCentralBankannouncedthatthemandatorylendingtoSMEscalled Linea Productiva, willbegraduallyphasedoutin2018,andcompletelyeliminatedbyjanuary2019.thepercentageofdepositsthathavetobe grantedatbelowmarketrateswillgraduallydecreasefrom18%ofprivatedepositstodayto16.5%injanuary2018and0%bydecember 2018.Today Linea Productiva maximumrateis17% Mandatory lending (defined as a % of private deposits): OnSeptember20,2017,theCentralBankpublishedthenewwholesalerateontimedepositscalled TM20,whichisreportedonadaily basislikethebadlarrate.thetm20reflectstheaverageinterestratepaidontimedepositsforamountsofar$20millionorhigher,from30 to35daysterm.atm20rateindollarsisalsopublishedforthosedepositsofus$20millionandabove. Page 34

39 DEFINITION OF RATIOS Net Interest Margin: Netinterestincomedividedbyaverageinterest-earningassets. Net Financial Margin: Grossfinancialmargindividedbyaverageinterest-earningassets. Net Fee Income Ratio: Netservicesfeeincome+Incomefrominsuranceactivitiesdividedbythesumofgrossfinancialmarginandnetservices feeincome. Net Fee Income as a % of Administrative Expenses: Services fee income and expenses plus income from insurance activities divided by AdministrativeExpenses. ROAE: Netincomedividedbyaverageshareholders equity,calculatedonadailybasisandmeasuredinlocalcurrency. ROAA: Netincomedividedbyaverageassets,calculatedonadailybasisandmeasuredinlocalcurrency. Efficiency ratio: Administrative expenses divided by the sum of gross financial margin, services fee income and expenses and income from insuranceactivities. Loans to total deposits: Loansincludeloans, receivablesfromfinancialleasesandotherreceivablesfromfinancialtransactionscoveredbythe CentralBank sdebtorclassificationregulations. Regulatory Capital/ Risk Weighted Assets: Regulatorycapitaldividedbyriskweightedassets.ThisratioappliesonlytotheBankandCCFona consolidatedbasis. Loans to Deposits: LoansandLeasingbeforeallowancesdividedbytotaldeposits Cost of risk: Annualizedloanlossprovisionsdividedbyaverageloans,calculatedonadailybasis. Page 35

40 GRUPO SUPERVIELLE FINANCIAL STATEMENTS AsofDecember16andMarch17, other includefundsdepositedfromthetaxamnestyprogram,whichwererestricteduntilapril17.

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42 Banco Supervielle S.A. Reports 3Q17 Consolidated Results Buenos Aires November 8, 2017 Banco Supervielle S.A. themainsubsidiaryofgruposupervielles.a.reportedunauditedresultsforthethree months andninemonths periodendedseptember 30, Allfigures presented throughout this document are expressedinnominalargentine pesos(ar$)andallfinancialinformationhasbeenpreparedinaccordancewithargentinebankinggaap. Third Quarter 2017 Highlights NetincomeofAR$411.5million,up45.5%YoYbutdown4.5%QoQ.ROAEof23.2%in3Q17.ThiscompareswithROAEof20.7%in3Q16and 25.8%in2Q17.ROAAof2.4%in3Q17,comparedto2.7%in3Q16and2.8%in2Q17. Totalgrossloans,includingthesecuritizedloanportfolio,increased60.9%YoYand19.7%QoQtoAR$53.3billion. NIMof 18.2% in 3Q17, contracting by 194 bps YoY and by 99 bps QoQ, reflecting a combination of a higher proportion of US dollar (US$) assetsandliabilities,alongwithahighershareofcorporatesegmentloans,andadecreaseintheinvestmentportfolioreturns. Non-performingloanratioremainedunchangedfrom3Q16and2Q17at2.9%. Theefficiencyratioimprovedto65.5%in3Q17comparedwith66.1%in3Q16and67.3%in1Q17. EquitytoAssetratioof9.7%in3Q17comparedto12.8%in3Q16and10.1%in2Q17. Page 37

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