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Banco Macro announces Results for the First Quarter of 2015

Banco Macro announces Results for the First Quarter of 2015

Buenos Aires, Argentina, May 11, 2015 - 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, 2015 ("1Q15"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


. The Bank‘s net income totaled Ps.1.1 billion in 1Q15. This result was 94% higher than the Ps.575 million reported in the fourth quarter of 2014 ("4Q14") and 6% lower than the Ps.1.2 billion posted in the first quarter of 2014 ("1Q14"). In 1Q15, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 36.6% and 5.9%, respectively.

. In 1Q15, Banco Macro‘s financing to the private sector grew 9% or Ps.3.8 billion quarter over quarter ("QoQ") totaling Ps.48.1 billion. Among commercial loans, overdrafts and pledge loans (mainly productive investments loans with pledge guarantee according to Communication "A" 5319, "A" 5380, "A" 5449, "A" 5516, "A" 5600 and "A" 5681 and it´s corresponding modifications of BCRA), grew 67% and 4% QoQ, respectively. Meanwhile within consumer loans, personal loans and credit cards rose 7% and 6% QoQ, respectively.

. In 1Q15, Banco Macro‘s total deposits grew 7% QoQ, totaling Ps.58.4 billion and representing 85% of the Bank‘s total liabilities. Private sector deposits grew 8% QoQ.

. Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.6.2 billion (23.6% capitalization ratio). In addition, the Bank‘s liquid assets remained at an adequate level, reaching 39.5% of its total deposits in 1Q15.

. In 1Q15, the Bank‘s non-performing to total financing ratio was 1.92% and the coverage ratio reached 131.94%.

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Quaterly Conference Call
Tuesday, May 12, 2015
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 12 through May 26, 2015

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

IR Contact

Phone: (5411) 5222 6682

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