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Latin Finance granted Macro the “Best Argentine Bank of the year 2016” Award

Latin Finance granted Macro the "Best Argentine Bank of the year 2016" Award

Buenos Aires, November 3, 2016. Latin Finance, the prestigious U.S. magazine, has acknowledged, as each year, the outstanding achievements of commercial and investment banks that operate in Latin America and the Caribbean, this time selecting Banco Macro as the "Best Argentine Bank of the year 2016". The Bank had been awarded this prize in 2009, 2013 and 2015.

Macro is the only Bank that can show 58 successive quarters of profits. The net result of the second quarter of 2016 amounted to AR$1,805.3 million, 28% higher than the AR$1,407.6 million in profits recorded in the first quarter 2016 and 119% higher than the AR$824.2 million recorded in the second quarter 2015. The total financing to the private sector increased by 13% in comparison with the first quarter 2016 and by 37% in comparison with the second quarter 2015.

From 1988, the magazine Latin Finance has been the most respected and reliable publication on banking and finance in and for Latin America and the Caribbean. The bank annually prepares a report on the performance of the Banks, granting awards for excellence and leadership to financial institutions in the region.

Banco Macro expresses its gratitude for this acknowledgment and for the incentive to continue growing with its people, who made this award possible.

Milagro Medrano
Institutional Relations Manager
Banco Macro

Macro is composed of Banco Macro and Banco Tucumán Grupo Macro, has a staff of 8768 employees, 1347 ATMs, 898 self-service terminals and a structure of 498 attention points, currently being the private bank with the largest branch network throughout Argentina, ranking first among Domestic Private Banks.

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