BUENOS AIRES, Argentina,
Nov. 8, 2013 /PRNewswire/ -- 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, 2013 ("3Q13").
All figures are in Argentine pesos (Ps.) and have been prepared in
accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.571.9 million in 3Q13. This
result was 24% higher than the Ps.460.4 million reported in the
second quarter of 2013 ("2Q13") and 39% higher than the Ps.411.9
million posted in the third quarter of 2012 ("3Q12"). In 3Q13, the
accumulated annualized return on average equity ("ROAE") and the
accumulated annualized return on average assets ("ROAA") were 28.3%
and 3.8%, respectively.
- In 3Q13, Banco Macro's financing to the private sector grew
8% or Ps.2.6 billion quarter over quarter ("QoQ") totaling Ps.37.1
billion. Commercial loans showed the best performance. Among
commercial loans, overdrafts and other loans, including loans to
small and medium size companies (SMEs), grew 26% and 5%
QoQ, respectively. Among consumer loans, credit cards
loans and personal loans rose 8% and 6% QoQ,
respectively.
- In 3Q13, Banco Macro's total deposits grew 6% QoQ, totaling
Ps.41.8 billion and representing 85% of the Bank's total
liabilities. Private sector deposits grew 9% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.3.5 billion (23.1% capitalization ratio). In
addition, the Bank's liquid assets remained at an adequate level,
reaching 30.2% of its total deposits in 3Q13.
- In 3Q13, the Bank's non-performing to total financing ratio
was 1.76% and the coverage ratio reached 147.45%.
3Q13 Earnings Release Conference Call
Tuesday, November 12, 2013
Time: 11:00 a.m. Eastern Time |
1:00 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 11/12/2013 through
11/26/2013
With the presence of: Jorge Pablo
Brito (Member of the Executive Committee), Guillermo Goldberg (Commercial Deputy General
Manager) and Jorge Scarinci (Finance
and IR Manager).
IR Contacts in Buenos
Aires:
Jorge Scarinci
Finance & IR Manager
Ines Lanusse
Investor Relations
Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
Visit our website at: www.ri-macro.com.ar
SOURCE Banco Macro S.A.