BUENOS AIRES, Argentina,
May 11, 2015 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the
"Bank") announced today its results for the first quarter ended
March 31, 2015 ("1Q15"). All
figures are in Argentine pesos (Ps.) and have been prepared in
accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.1 billion in 1Q15. This
result was 94% higher than the Ps.575 million reported in the
fourth quarter of 2014 ("4Q14") and 6% lower than the Ps.1.2
billion posted in the first quarter of 2014 ("1Q14"). In 1Q15, the
accumulated annualized return on average equity ("ROAE") and the
accumulated annualized return on average assets ("ROAA") were 36.6%
and 5.9%, respectively.
- In 1Q15, Banco Macro's financing to the private sector grew
9% or Ps.3.8 billion quarter over quarter ("QoQ") totaling Ps.48.1
billion. Among commercial loans, overdrafts and pledge loans
(mainly productive investments loans with pledge guarantee
according to Communication "A" 5319, "A" 5380, "A" 5449, "A" 5516,
"A" 5600 and "A" 5681 and it´s corresponding modifications of
BCRA), grew 67% and 4% QoQ, respectively. Meanwhile
within consumer loans, personal loans and credit cards rose 7% and
6% QoQ, respectively.
- In 1Q15, Banco Macro's total deposits grew 7% QoQ, totaling
Ps.58.4 billion and representing 85% of the Bank's total
liabilities. Private sector deposits grew 8% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.6.2 billion (23.6% capitalization ratio). In
addition, the Bank's liquid assets remained at an adequate level,
reaching 39.5% of its total deposits in 1Q15.
- In 1Q15, the Bank's non-performing to total financing ratio
was 1.92% and the coverage ratio reached 131.94%.
1Q15 Earnings Release Conference Call
Tuesday, May 12, 2015
Time: 11:00 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 5/12/2015 through
5/26/2015
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 Officer
Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
Visit our website at: www.ri-macro.com.ar
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visit:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-first-quarter-of-2015-300081333.html
SOURCE Banco Macro S.A.