Banco Macro - Investor Relations Mobile

Banco Macro announces Results for the Second Quarter of 2016

Banco Macro announces Results for the Second Quarter of 2016

Buenos Aires, Argentina, August 9, 2016 - 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, 2016 ("2Q16"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


. The Bank‘s net income totaled Ps.1.8 billion in 2Q16. This result was 28% higher than the Ps.1.4 billion posted in the first quarter of 2016 ("1Q16") and 119% higher than the Ps.824.2 million posted in the second quarter of 2015 ("2Q15"). In 2Q16, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 36.7% and 5.7%, respectively.

. In 2Q16, Banco Macro‘s financing to the private sector grew 13% or Ps.8.0 billion quarter over quarter ("QoQ") totaling Ps.70.7 billion, and grew 37% or 19.2 billion, year over year ("YoY"). In the quarter, commercial lines stand out, among which, Overdrafts and Documents grew 71% and 38% QoQ, respectively. Among consumer loans, growth was driven by credit cards and personal loans which grew 8% and 5% QoQ, respectively. As of June 2016, Banco Macro has granted Ps.2.1 billion loans, regarding the "Credit Line for Productive Financing and Financial Inclusion" program.

. In 2Q16, Banco Macro‘s total deposits grew 9% QoQ, totaling Ps.90.9 billion and representing 83% of the Bank‘s total liabilities. Private sector deposits grew 8% QoQ.

. Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.9.0 billion (22.5% capitalization ratio/ 16.2% regulatory capital - Basel III). In addition, the Bank‘s liquid assets remained at an adequate level, reaching 41% of its total deposits in 2Q16.

. In 2Q16, the Bank‘s non-performing to total financing ratio was 1.52% and the coverage ratio reached 150.51%.

For a full version of this press release, please click here

Quarterly Conference Call
Wednesday, August 10, 2016
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial

Argentine Participants: (0800) 444 2930
Participants Dial In (Toll Free): +1 (844) 839 2185
Participants International Dial In: +1 (412) 317 2506
Conference ID: Banco Macro
Webcast: click here

Webcast Replay: click here
Available from August 10 through August 24, 2016

The conference call will have the presence of Jorge Pablo Brito (Member of the Board of Directors), Gustavo Manriquez (General Manager), Jorge Scarinci (Finance and Investor Relations Manager) and Ines Lanusse (Head of Investor Relations).

IR Contact

Phone: (5411) 5222 6682

Click here to see the web version