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Banco Macro announces Results for the Third Quarter of 2015

Banco Macro announces Results for the Third Quarter of 2015

Buenos Aires, Argentina, November 10, 2015 - Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2015 ("3Q15"). 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 3Q15. This result was 34% higher than the Ps.822.7 million posted in the second quarter of 2015 ("2Q15") and 12% higher than the Ps.985.5 million reported in the third quarter of 2014 ("3Q14"). In 3Q15, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 31.5% and 4.9%, respectively.

.In 3Q15, Banco Macro‘s financing to the private sector grew 10% or Ps.5.3 billion quarter over quarter ("QoQ") totaling Ps.56.8 billion. Among commercial loans, growth was driven by overdrafts, documents and mortgage loans (mainly productive investments loans with mortgage guarantee according to Communication "A" 5319, "A" 5380, "A" 5449, "A" 5516, "A" 5600, "A" 5681, "A" 5771 and it´s corresponding modifications of BCRA), grew 23%, 11% and 10% QoQ, respectively. Meanwhile within consumer loans, personal loans and credit cards rose 13% and 9% QoQ, respectively.

.In 3Q15, Banco Macro‘s total deposits grew 8% QoQ, totaling Ps.69.5 billion and representing 85% of the Bank‘s total liabilities. Private sector deposits grew 6% QoQ.

.Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.6.5 billion (21.8% capitalization ratio). In addition, the Bank‘s liquid assets remained at an adequate level, reaching 38.2% of its total deposits in 3Q15.

.In 3Q15, the Bank‘s non-performing to total financing ratio was 1.77% and the coverage ratio reached 129.92%.

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Quaterly Conference Call

Thursday, November 12, 2015
Time: 10:00 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 November 12 through November 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

Click here to see the web version