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Banco Macro announces Results for the First Quarter of 2013

Banco Macro announces Results for the First Quarter of 2013

Buenos Aires, Argentina, May 8, 2013 - Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2013 ("1Q13"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


. The Bank‘s net income totaled Ps.457.9 million in 1Q13. This result was 8% higher than the Ps.425.8 million reported in the fourth quarter of 2012 ("4Q12") and 41% higher than the Ps.323.8 million posted in the first quarter of 2012 ("1Q12"). In 1Q13, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 28.4% and 3.7%, respectively.

. In 1Q13, Banco Macro‘s financing to the private sector grew 5% or Ps.1.5 billion quarter over quarter ("QoQ") totaling Ps.33.4 billion. Commercial loans showed the best performance. Among commercial loans, overdrafts, pledge and mortgages loans (mainly productive investments loans with mortgage and pledge guarantees respectively, according to Communication "A" 5319 of BCRA) grew 24%, 6% and 6% QoQ, respectively. Among consumer loans, personal loans and credit cards loans rose 6% and 3% QoQ, respectively.

. In 1Q13, Banco Macro‘s total deposits grew 8% QoQ, totaling Ps.39.1 billion and representing 87% of the Bank‘s total liabilities. Private sector deposits grew 7% QoQ.

. Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.2.5 billion (20,2% capitalization ratio). In addition, the Bank‘s liquid assets remained at an adequate level, reaching 32.7% of its total deposits in 1Q13.

. In 1Q13, the Bank‘s non-performing to total financing ratio was 1.72% and the coverage ratio reached 156.2%.

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Quaterly Conference Call

Thursday, May 9, 2013
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial
Argentine Participants: (0800) 444 2930
U.S. Participants: +1 (877) 317 6776
Participants from outside the U.S.: +1 (412) 317 6776
Conference ID: Banco Macro
Webcast: click here
Webcast Replay: click here
Available from May 9 through May 23, 2013

The conference call will have the presence of Jorge Pablo Brito (Member of the Executive Committee), Guillermo Goldberg (Commercial Deputy General Manager) and Jorge Scarinci (Finance and Investor Relations Manager).

IR Contact

Phone: (5411) 5222 6682

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