BUENOS AIRES, Argentina,
Feb. 19, 2014 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the
"Bank") announced today its results for the fourth quarter ended
December 31, 2013 ("4Q13"). All
figures are in Argentine pesos (Ps.) and have been prepared in
accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.953.4 million in 4Q13. This
result was 67% higher than the Ps.571.9 million reported in the
third quarter of 2013 ("3Q13") and 124% higher than the Ps.425.8
million posted in the fourth quarter of 2012 ("4Q12"). In 4Q13, the
accumulated return on average equity ("ROAE") and the accumulated
return on average assets ("ROAA") were 33.3% and 4.6%,
respectively.
- In 4Q13, Banco Macro's financing to the private sector grew
7% or Ps.2.4 billion quarter over quarter ("QoQ") totaling Ps.39.5
billion. Commercial loans showed better performance than consumer
loans. Among commercial loans, pledge and mortgages loans
(mainly productive investments loans with mortgage and pledge
guarantees respectively, according to Communication "A" 5319, "A"
5380 and "A" 5449 of BCRA), grew 22% and 20% QoQ,
respectively. Credit cards and personal loans rose 19% and 7% QoQ,
respectively.
- In 4Q13, Banco Macro's total deposits grew 4% QoQ, totaling
Ps.43.4 billion and representing 86% 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.4.2 billion (25.3% capitalization ratio). In
addition, the Bank's liquid assets remained at an adequate level,
reaching 33.3% of its total deposits in 4Q13.
- In 4Q13, the Bank's non-performing to total financing ratio
was 1.7% and the coverage ratio reached 149.06%.
4Q13 Earnings Release Conference Call
Thursday, February 20, 2014
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 2/20/2014 through
3/6/2014
With the presence of: Jorge Pablo
Brito (Member of the Executive Committee), Guillermo Goldberg (Commercial Deputy General
Manager), Jorge Scarinci (Finance
and IR Manager) and Ines Lanusse
(Investor Relations Officer).
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.