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Banco Macro announces Results for the Second Quarter of 2015

Banco Macro announces Results for the Second Quarter of 2015

Buenos Aires, Argentina, August 10, 2015 - Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2015 ("2Q15"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


. The Bank‘s net income totaled Ps.822.7 million in 2Q15. This result was 12% higher than the Ps.732.7 million posted in the second quarter of 2014 ("2Q14") and 26% lower than the Ps.1.1 billion reported in the first quarter of 2015 ("1Q15"). In 2Q15, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 25.8% and 4%, respectively.

. In 2Q15, Banco Macro‘s financing to the private sector grew 7% or Ps.3.4 billion quarter over quarter ("QoQ") totaling Ps.51.5 billion. Among commercial loans, other loans (prefinancing and export financing), pledge loans and documents (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 20%, 16% and 13% QoQ, respectively. Meanwhile within consumer loans, personal loans and credit cards rose 10% and 7% QoQ, respectively.

. In 2Q15, Banco Macro‘s total deposits grew 11% QoQ, totaling Ps.64.6 billion and representing 86% of the Bank‘s total liabilities. Private sector deposits grew 11% QoQ.

. Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.6.1 billion (22.4% capitalization ratio). In addition, the Bank‘s liquid assets remained at an adequate level, reaching 40.2% of its total deposits in 2Q15.

. In 2Q15, the Bank‘s non-performing to total financing ratio was 1.92% and the coverage ratio reached 131.23%.

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Quaterly Conference Call

Tuesday, August 11, 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 August 11 through August 25, 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

Click here to see the web version