Argentine Macroeconomic Volatility and Political Instability: Argentina's history of high inflation, currency devaluation, economic contractions, and frequent policy changes significantly impacts Supervielle's asset quality, profitability, and access to funding.

Credit Portfolio Quality Deterioration: Economic downturns and high interest rates increase the risk of loan defaults from both corporate and retail clients, leading to higher provisions for loan losses and reduced profitability.

Interest Rate Fluctuation Impact on Net Interest Margin: Rapid and unpredictable changes in domestic interest rates, driven by monetary policy to combat inflation, can adversely affect the bank's net interest margin if asset and liability repricing is mismatched.