Report of Foreign Issuer (6-k)

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE

SECURITIES EXCHANGE ACT OF 1934

November 10, 2015

Commission File Number: 001-32827

MACRO BANK INC.

(Translation of registrant’s name into English)

Sarmiento 447

Buenos Aires C1 1041

Tel: 54 11 5222 6500

(Address of registrant’s principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F

Form 40-F

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

3Q15 Earnings Release

Banco Macro Announces Results for the Third Quarter of 2015

Buenos Aires, Argentina, November 10, 2015 – 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, 2015 (“3Q15”). 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 3Q15. This result was 34% higher than the Ps.822.7 million posted in the second quarter of 2015 (“2Q15”) and 12% higher than the Ps.985.5 million reported in the third quarter of 2014 (“3Q14”). In 3Q15, the accumulated annualized return on average equity (“ROAE”) and the accumulated annualized return on average assets (“ROAA”) were 31.5% and 4.9%, respectively.

• In 3Q15, Banco Macro’s financing to the private sector grew 10% or Ps.5.3 billion quarter over quarter (“QoQ”) totaling Ps.56.8 billion. Among commercial loans, growth was driven by overdrafts, documents and mortgage loans (mainly productive investments loans with mortgage guarantee according to Communication “A” 5319, “A” 5380, “A” 5449, “A” 5516, “A” 5600, “A” 5681, “A” 5771 and it´s corresponding modifications of BCRA), grew 23%, 11% and 10% QoQ, respectively. Meanwhile within consumer loans, personal loans and credit cards rose 13% and 9% QoQ, respectively.

• In 3Q15, Banco Macro’s total deposits grew 8% QoQ, totaling Ps.69.5 billion and representing 85% of the Bank’s total liabilities. Private sector deposits grew 6% QoQ.

• Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.6.5 billion (21.8% capitalization ratio). In addition, the Bank’s liquid assets remained at an adequate level, reaching 38.2% of its total deposits in 3Q15.

• In 3Q15, the Bank’s non-performing to total financing ratio was 1.77% and the coverage ratio reached 129.92%.

3Q15 Earnings Release Conference Call Thursday, November 12, 2015 Time: 10:00 a.m. Eastern Time \| 12:00 p.m. Buenos Aires Time		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

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	Webcast Replay: click here Available from 11/12/2015 through 11/26/2015

Conference ID: Banco Macro Webcast: click here

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).

3Q15 Earnings Release

Disclaimer

This press release includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements, including, among other things: inflation; changes in interest rates and the cost of deposits; government regulation; adverse legal or regulatory disputes or proceedings; credit and other risks of lending, such as increases in defaults by borrowers; fluctuations and declines in the value of Argentine public debt; competition in banking and financial services; deterioration in regional and national business and economic conditions in Argentina; and fluctuations in the exchange rate of the peso.

The words “believe,” “may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors. In light of the risks and uncertainties described above, the forward-looking events and circumstances discussed in this press release might not occur and are not guarantees of future performance.

This report is a summary analysis of Banco Macro's financial condition and results of operations as of and for the period indicated. For a correct interpretation, this report must be read in conjunction with all other material periodically filed with the Comisión Nacional de Valores (www.cnv.gob.ar), the Securities and Exchange Commission (www.sec.gov), the Bolsa de Comercio de Buenos Aires (www.bolsar.com) and the New York Stock Exchange (www.nyse.com). In addition, the Central Bank (www.bcra.gov.ar) may publish information related to Banco Macro as of a date subsequent to the last date for which the Bank has published information.

Readers of this report must note that this is a translation made from an original version written and expressed in Spanish. Consequently, any matters of interpretation should be referred to the original version in Spanish.

3Q15 Earnings Release

Results

Earnings per outstanding share were Ps.1.89 in 3Q15, 34% higher than in 2Q15´s levels and 12% higher than 3Q14.

EARNINGS PER SHARE	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Net income (M $)		985.5		575.0		1,114.2		822.7		1,104.6		34	%		12	%
Average shares outstanding (M)		584.5		584.5		584.5		584.5		584.5		0	%		0	%
Average shares in portfolio (M)		10.0		8.4		0.0		0.0		0.0		0	%		0	%
Average shares issued (M)		594.5		592.9		584.5		584.5		584.5		0	%		-2	%
Book value per issued share ($)		18.36		19.38		21.57		21.91		23.80		9	%		30	%
Earnings per outstanding share ($)		1.69		0.98		1.91		1.41		1.89		34	%		12	%

Book value per issued ADS (USD)		21.69		22.66		24.45		24.11		25.26		5	%		16	%
Earnings per outstanding ADS (USD)		1.99		1.15		2.16		1.55		2.01		30	%		1	%

Banco Macro’s 3Q15 net income of Ps.1.1 billion was 34% or Ps.281.9 million higher than the previous quarter (“QoQ”) and 12% or Ps.119.1 million higher year over year (“YoY”). In 3Q15, the accumulated annualized return on average equity (“ROAE”) and the accumulated annualized return on average assets (“ROAA”) were 31.5% and 4.9%, respectively.

The operating result for 3Q15 was Ps.1.8 billion increasing 47% or Ps.585.3 million QoQ and increasing 21% or Ps.318.2 million YoY. Had income from government and private securities and guaranteed loans (including CER) been excluded, such increase would have been 15% or Ps.113.7 million higher QoQ and 19% or Ps.136.3 million higher YoY.

It is important to emphasize that this result was obtained with the leverage of 6.9x assets to equity ratio.

INCOME STATEMENT	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Net financial income		2,121.8		1,792.7		2,694.7		2,117.1		2,743.8		30	%		29	%
Provision for loan losses		-151.5		-214.4		-201.7		-217.3		-138.1		-36	%		-9	%
Net fee income		927.6		930.2		968.9		1,073.7		1,109.9		3	%		20	%
		2,897.9		2,508.5		3,461.9		2,973.5		3,715.6		25	%		28	%
Administrative expenses		-1,396.6		-1,565.5		-1,586.8		-1,739.3		-1,896.1		9	%		36	%
Operating result		1,501.3		943.0		1,875.1		1,234.2		1,819.5		47	%		21	%
Minority interest in subsidiaries		-5.9		-5.5		-7.7		-8.8		-9.1		3	%		54	%
Net other income		54.9		-47.0		-81.5		65.0		-25.7		-140	%		-147	%
Net income before income tax		1,550.3		890.6		1,785.9		1,290.4		1,784.7		38	%		15	%
Income tax		-564.8		-315.6		-671.7		-467.7		-680.1		45	%		20	%
NET INCOME		985.5		575.0		1,114.2		822.7		1,104.6		34	%		12	%

The Bank’s 3Q15 financial income totaled Ps.5.0 billion, increasing 20% (Ps.841.8 million) compared to 2Q15 and increasing 34% (Ps.1.3 billion) YoY.

Interest on loans represented 77% of total financial income in 3Q15. Interest on loans was 9% or Ps.333 million higher than 2Q15’s level due to a 10% higher average volume of the loan portfolio. On an annual basis, interest on loans grew 37% or Ps.1.0 billion.

3Q15 Earnings Release

In 3Q15, net income from government and private securities increased 93% or Ps.448.5 million QoQ mainly due to higher income from government and private securities of the bank´s portfolio. On an annual basis, net income from government and private securities also increased 22% or Ps.170.8 million.

Also in this quarter, an increase of Ps.23.1 million in income from Guaranteed Loans and in CER Adjustment was observed. On an annual basis, income from Guaranteed Loans and in CER Adjustment also increased 61% or Ps.11.1 million.

Income from differences in quoted prices of gold and foreign currency increased 31% or Ps.26 million QoQ due to the revaluation of government securities denominated in US dollars and higher FX position revaluation caused by the gradual depreciation of the Argentine Peso. On an annual basis, an increase of 35% or Ps.29.1 million was experienced.

Other financial income increased 21% or Ps.11 million compared to 2Q15 mainly due to higher premiums on reverse repurchase agreements and to higher income from on shore forward foreign currency. On an annual basis, an increase of 22% or Ps.11.5 million was experienced.

FINANCIAL INCOME	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Interest on cash and due from banks		0.0		0.0		0.0		0.1		0.0		0	%		0	%
Interest on loans to the financial sector		10.0		12.6		20.0		22.2		31.7		43	%		217	%
Interest on overdrafts		340.9		293.4		350.2		309.3		350.4		13	%		3	%
Interest on documents		216.2		252.2		248.9		259.8		286.8		10	%		33	%
Interest on mortgages loans		120.3		123.6		120.6		124.3		142.3		14	%		18	%
Interest on pledges loans		67.8		79.8		83.6		94.7		103.8		10	%		53	%
Interest on credit cards loans		497.4		558.3		603.4		667.7		637.3		-5	%		28	%
Interest on financial leases		18.6		17.7		18.8		19.3		21.0		9	%		13	%
Interest on other loans		1,567.1		1,743.2		1,880.9		2,052.5		2,309.5		13	%		47	%
Net Income from government & private securities (1)		761.1		374.9		1,105.4		483.4		931.9		93	%		22	%
Interest on other receivables from financial interm.		0.5		1.4		1.3		1.1		1.2		9	%		140	%
Income from Guaranteed Loans - Decree 1387/01		6.7		6.9		7.1		5.1		6.3		24	%		-6	%
CER adjustment		11.6		10.2		9.3		1.2		23.1		1825	%		99	%
CVS adjustment		0.1		0.2		0.0		0.1		0.3		200	%		200	%
Difference in quoted prices of gold and foreign currency		82.0		31.6		77.7		85.1		111.1		31	%		35	%
Other		52.5		36.8		41.2		53.0		64.0		21	%		22	%
Total financial income		3,752.8		3,542.8		4,568.4		4,178.9		5,020.7		20	%		34	%

(1) Net Income from government & private securities
LEBAC / NOBAC		566.7		506.7		353.1		599.1		642.8		7	%		13	%
Other		194.4		-131.8		752.3		-115.7		289.1		-350	%		49	%
Total		761.1		374.9		1,105.4		483.4		931.9		93	%		22	%

The Bank’s 3Q15 financial expense totaled Ps.2.3 billion, increasing 10% (Ps.215.1 million) compared to the previous quarter and increasing 40% (Ps.645.9 million) compared to 3Q14.

In 3Q15, interest on deposits represented 77% of the Bank’s total financial expense. Interest on deposits increased 11% or Ps.175.8 million QoQ due to an increase of 8% of the average volume of time deposits and 30bp increase in the average time deposit interest rate. On a yearly basis, interest on deposits grew 36% or Ps.466.4 million.

In 3Q15 the Contribution to Deposit Guarantee Fund increased 8% or Ps.7.9 million in line with deposit growth. On a yearly basis, the result was 3 times higher or Ps.86.5 million mainly due to the October 2014 normative modification.

Other financial expense grew 9% or Ps.29.3 million QoQ mainly due to higher provincial taxes and increased 34% or Ps.89.3 million YoY.

3Q15 Earnings Release

FINANCIAL EXPENSE	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Interest on checking accounts		0.2		0.0		0.0		0.0		0.0		0	%		0	%
Interest on saving accounts		12.5		13.6		14.1		15.5		17.8		15	%		42	%
Interest on time deposits		1,280.3		1,315.0		1,391.4		1,568.1		1,741.6		11	%		36	%
Interest on interfinancing received loans		0.3		0.9		3.1		1.4		1.4		0	%		367	%
Interest on subordinated bonds		30.6		31.5		31.9		32.5		34.0		5	%		11	%
Other Interest		0.8		0.7		0.7		0.7		0.6		-14	%		-25	%
Interest on other liabilities from fin intermediation		24.1		22.2		22.4		23.1		24.1		4	%		0	%
CER adjustment		1.7		1.5		1.2		1.4		1.1		-21	%		-35	%
Contribution to Deposit Guarantee Fund		21.6		90.2		93.0		100.2		108.1		8	%		400	%
Other		258.9		274.5		315.9		318.9		348.2		9	%		34	%
Total financial expense		1,631.0		1,750.1		1,873.7		2,061.8		2,276.9		10	%		40	%

As of 3Q15, the Bank’s net interest margin was 17.3%, lower than the 17.6% posted in 2Q15 but wider than the 15.7% posted in 3Q14. Had income from government and private securities and guaranteed loans been excluded, the Bank’s net interest margin would have been 15.8% in 3Q15, only 30bp lower than the 16.1% posted in 2Q15 and wider than the 14.5% posted in 3Q14.

ASSETS & LIABILITIES PERFORMANCE	MACRO consolidated
In MILLON $	III14					IV14					I15					II15					III15
Yields & rates in annualized nominal %	AVERAGE BALANCE		INT			AVERAGE BALANCE		INT			AVERAGE BALANCE		INT			AVERAGE BALANCE		INT			AVERAGE BALANCE		INT
Interest-earning assets
Goverment Securities		13,004.5		21.2	%		11,517.9		19.8	%		9,944.3		33.5	%		14,420.0		15.2	%		16,357.7		24.8	%
Loans		39,220.9		28.9	%		41,796.5		29.4	%		45,633.1		29.7	%		48,151.7		29.6	%		53,017.2		29.3	%
Private Sector		38,613.0		29.0	%		41,219.3		29.5	%		45,088.3		29.8	%		47,637.1		29.8	%		52,524.2		29.3	%
Public Sector		607.9		25.4	%		577.2		22.0	%		544.8		20.5	%		514.6		11.7	%		493.0		28.2	%
Financial trusts		364.7		24.5	%		227.8		36.2	%		225.7		23.5	%		250.7		24.2	%		198.3		25.2	%
Other interest-earning assets		2,228.3		14.2	%		2,773.0		-26.0	%		3,125.3		40.7	%		3,358.4		-3.2	%		3,088.3		-5.8	%
Total interest-earning assets		54,818.4		26.5	%		56,315.2		24.7	%		58,928.4		30.9	%		66,180.8		24.8	%		72,661.5		26.8	%

Non interest-earning assets		15,478.6					16,866.7					17,046.2					16,261.1					16,706.0
Total Average Assets		70,297.0					73,181.9					75,974.6					82,441.9					89,367.5

Interest-bearing liabilities
Checking accounts *()**		1,413.1		0.1	%		1,397.1		0.0	%		1,426.2		0.0	%		1,743.4		0.0	%		1,745.0		0.0	%
Saving accounts *()**		8,458.2		0.6	%		9,030.4		0.6	%		9,796.6		0.6	%		10,422.0		0.6	%		12,083.7		0.6	%
Time deposits *()**		26,107.6		19.5	%		26,524.6		19.7	%		27,231.9		20.7	%		30,389.7		20.7	%		32,892.3		21.0	%
Corporate Bonds		2,127.3		9.2	%		2,183.1		9.3	%		2,227.6		9.4	%		2,294.8		9.2	%		2,371.0		9.2	%
BCRA		14.3		8.8	%		13.2		8.5	%		11.5		8.6	%		10.1		8.6	%		8.5		8.6	%
Other interest-bearing liabilities		625.4		7.1	%		186.1		16.1	%		209.5		15.2	%		202.4		12.2	%		188.6		12.8	%
Total interest-bearing liabilities		38,745.9		13.9	%		39,334.5		14.0	%		40,903.3		14.5	%		45,062.4		14.6	%		49,289.1		14.7	%

Non interest-bearing liabilities
Demand deposits *()**		17,373.9					18,462.5					19,156.9					20,740.5					22,705.8
Other non interest-bearing libilities		14,177.2					15,385.0					15,914.4					16,639.0					17,372.6
Total non interest-bearing liabilities		31,551.1					33,847.4					35,071.3					37,379.5					40,078.4

Total Average Liabilities		70,297.0					73,181.9					75,974.6					82,441.9					89,367.5

(*) The average cost of funds is calculated only considering deposits with and without interest-bearnig cost.

In 3Q15, Banco Macro’s net fee income totaled Ps.1.1 billion, 3% or Ps.36.2 million higher than 2Q15, and 20% or Ps.182.3 million higher than 3Q14. This growth was mainly driven by fee charges on deposit accounts and debit and credit card fees which increased 7% and 11%, respectively. On a yearly basis, the same type of fees stand out, growing 23% and 38%, respectively.

3Q15 Earnings Release

NET FEE INCOME	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Fee charges on deposit accounts		750.9		747.9		779.7		866.3		923.1		7	%		23	%
Debit and credit card fees		296.7		343.7		336.6		369.2		408.3		11	%		38	%
Other fees related to foreign trade		17.3		19.0		18.5		27.4		24.9		-9	%		44	%
Credit-related fees		26.0		28.7		21.0		35.5		25.3		-29	%		-3	%
Lease of safe-deposit boxes		22.0		22.5		22.0		22.3		24.7		11	%		12	%
Other		126.6		122.1		130.8		137.2		169.7		24	%		34	%
Total fee income		1,239.5		1,283.9		1,308.6		1,457.9		1,576.0		8	%		27	%

Total fee expense		311.9		353.7		339.7		384.2		466.1		21	%		49	%

Net fee income		927.6		930.2		968.9		1,073.7		1,109.9		3	%		20	%

In 3Q15 Banco Macro’s administrative expenses reached Ps.1.9 billion, 9% or Ps.156.8 million higher than the previous quarter mainly due to higher personnel expenses and other operating expenses. Administrative expenses increased 36% or Ps.499.5 million YoY due to an increase in personnel expenses (mainly higher salaries and other concepts) and other operating expenses.

Personnel expenses grew 8% or Ps.80.2 million QoQ, basically due to the provision accounted for the one-time payment for the Bankers Day (November 2015) agreed with the Unions in June 2015. Personal expenses increased 38% or Ps.311.6 million compared to 3Q14.

As of September 2015, the accumulated efficiency ratio reached 48.8%, slightly higher from the 48.5% posted in 2Q15.

ADMINISTRATIVE EXPENSES	MACRO consolidated															Variation
In MILLION $	III14			IV14			I15			II15			III15			Quarterly			Annualy

Personnel expenses		820.1			929.9			945.5			1,051.5			1,131.7			8	%		38	%
Directors & statutory auditors´fees		11.7			21.8			52.0			42.9			66.1			54	%		465	%
Other professional fees		46.1			46.5			46.9			53.4			58.9			10	%		28	%
Advertising & publicity		31.8			48.8			37.8			28.9			31.7			10	%		0	%
Taxes		84.7			87.8			88.7			105.5			104.3			-1	%		23	%
Depreciation of equipment		33.1			35.3			38.5			42.8			44.3			4	%		34	%
Amortization of organization costs		31.6			33.7			35.0			36.2			38.8			7	%		23	%
Other operating expenses		216.2			225.5			221.5			239.4			273.9			14	%		27	%
Other		121.3			136.2			120.9			138.7			146.4			6	%		21	%
Total Administrative Expenses		1,396.6			1,565.5			1,586.8			1,739.3			1,896.1			9	%		36	%

Total Employees		8,688			8,693			8,686			8,721			8,717			0	%		0	%
Branches		431			434			435			435			437			0	%		1	%
Efficiency ratio		43.4	%		57.5	%		43.3	%		54.5	%		49.2	%

Accumulated efficiency ratio		44.6	%		47.7	%		43.3	%		48.5	%		48.8	%

In 3Q15, the Bank’s net other income/losses totaled a loss of Ps.25.7 million, based on the net effect resulting from a decrease in total other income of Ps.10.2 million and an increase in total other expenses of Ps.80.5 million (higher contingent liabilities and donations).

3Q15 Earnings Release

NET OTHER INCOME/LOSSES	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Other Income
Penalty interest		20.1		13.8		15.2		19.8		22.6		14	%		12	%
Recovered loans and reversed allowances		29.5		43.6		25.8		29.5		51.8		76	%		76	%
Other		56.8		22.9		19.2		81.7		46.4		-43	%		-18	%
Total Other Income		106.4		80.3		60.2		131.0		120.8		-8	%		14	%

Other Expense
Charges for other receivables uncollectibility and other allowances		7.5		8.3		12.5		56.7		64.8		14	%		764	%
Goodwill amortization		3.5		3.6		3.5		3.5		3.5		0	%		0	%
Other Expense		40.5		115.4		125.7		5.8		78.2		1248	%		93	%
Total Other Expense		51.5		127.3		141.7		66.0		146.5		122	%		184	%

Net Other Income/Losses		54.9		-47.0		-81.5		65.0		-25.7		-140	%		-147	%

In 3Q15, Banco Macro's effective income tax rate was 38.1%, compared to 36.2% in 2Q15.

Financial Assets

Private sector financing

The volume of “core” financing to the private sector (including loans, financial trust and leasing portfolio) totaled Ps.56.8 billion, increasing 10% or Ps.5.3 billion QoQ and 35% or Ps.14.8 billion YoY.

Within commercial loans, growth was driven by overdrafts, documents and mortgage loans (mainly productive investments loans), which grew 23%, 11% and 10% QoQ, respectively.

The main growth in consumer loans was driven by personal loans and credit card loans which grew 13% and 9% QoQ, respectively.

Within financing to the private sector, productive investments loans reached Ps.6.0 billion in 3Q15, representing 11% of the total financing to the private sector.

FINANCING TO THE PRIVATE SECTOR	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Overdrafts		5,152.0		3,385.6		5,670.1		4,458.4		5,473.6		23	%		6	%
Discounted documents		4,144.3		4,627.4		4,633.9		5,251.6		5,818.0		11	%		40	%
Mortgages loans		2,361.4		2,466.1		2,401.3		2,639.6		2,898.2		10	%		23	%
Pledges loans		1,688.3		1,857.1		1,924.2		2,230.1		2,172.7		-3	%		29	%
Personal loans		15,040.5		16,120.9		17,243.9		18,890.4		21,370.8		13	%		42	%
Credit Card loans		7,447.4		9,189.5		9,702.8		10,423.8		11,406.2		9	%		53	%
Others		5,235.0		5,835.2		5,637.3		6,755.7		6,732.3		0	%		29	%
Total loan portfolio		41,068.9		43,481.8		47,213.5		50,649.6		55,871.8		10	%		36	%
Financial trusts		516.6		413.4		500.6		399.3		455.3		14	%		-12	%
Leasing		360.6		383.7		391.5		416.5		430.4		3	%		19	%
Total financing to the private sector		41,946.1		44,278.9		48,105.6		51,465.4		56,757.5		10	%		35	%

3Q15 Earnings Release

Public Sector Assets

In 3Q15, the Bank’s public sector assets (excluding LEBAC / NOBAC) to total assets ratio was 4.4%, lower than the 4.6% posted in 2Q15 and the 4.7% posted in 3Q14.

In 3Q15, other government securities, excluding LEBAC from BCRA, stand out with a 5% increase.

PUBLIC SECTOR ASSETS	MACRO consolidated															Variation
In MILLION $	III14			IV14			I15			II15			III15			Quarterly			Annualy

LEBAC / NOBAC B.C.R.A.		9,284.0			5,696.8			8,531.5			12,011.8			11,904.3			-1	%		28	%
Other		2,726.2			2,873.8			2,894.9			3,400.1			3,584.7			5	%		31	%
Government securities		12,010.2			8,570.6			11,426.4			15,411.9			15,489.0			1	%		29	%
Guaranteed loans		396.4			407.7			418.0			417.6			440.7			6	%		11	%
Provincial loans		242.5			196.7			152.3			108.2			63.8			-41	%		-74	%
Government securities loans		1.5			0.0			0.0			0.0			0.0			0	%		0	%
Loans		640.4			604.4			570.3			525.8			504.5			-4	%		-21	%
Purchase of government bonds		24.0			24.2			24.7			25.2			25.8			2	%		8	%
Other receivables		24.0			24.2			24.7			25.2			25.8			2	%		8	%

TOTAL PUBLIC SECTOR ASSETS		12,674.6			9,199.2			12,021.4			15,962.9			16,019.3			0	%		26	%

TOTAL PUBLIC SECTOR LIABILITIES		42.1			40.4			38.4			55.6			34.3			-38	%		-19	%

Net exposure		12,632.5			9,158.8			11,983.0			15,907.3			15,985.0			0	%		27	%

TOTAL PUBLIC SECTOR ASSETS (net of LEBAC / NOBAC )		3,390.6			3,502.4			3,489.9			3,951.1			4,115.0			4	%		21	%

TOTAL PUBLIC SECTOR ASSETS (net of LEBAC / NOBAC) /TOTAL ASSETS		4.7	%		4.7	%		4.4	%		4.6	%		4.4	%

Net exposure (net of LEBAC/NOBAC) / TOTAL ASSETS		4.6	%		4.6	%		4.3	%		4.5	%		4.4	%

Funding

Deposits

Banco Macro’s deposit base totaled Ps.69.5 billion in 3Q15, growing 8% or Ps.4.9 billion QoQ and 31% or Ps.16.3 billion YoY and representing 85% of the Bank’s total liabilities.

On a quarterly basis, private sector deposits increased 6% or Ps.3.4 billion while public sector deposits grew 16% or Ps.1.5 billion. Within private sector deposits, a decrease in foreign currency deposits of 3% or USD16.5 million was observed, while peso deposits increased 7% or Ps.3.4 billion.

The increase in private sector deposits was led by time deposits deposits, which grew 9% or Ps.2.4 billion QoQ. In addition, sight deposits slightly increased 3% or Ps.739.2 million QoQ.

3Q15 Earnings Release

DEPOSITS	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Public sector		10,178.9		8,570.1		8,712.0		9,224.0		10,691.9		16	%		5	%

Financial sector		29.2		38.7		30.1		28.9		29.6		2	%		1	%

Private sector		42,943.4		46,107.8		49,655.8		55,322.2		58,737.2		6	%		37	%
Checking accounts		10,419.5		11,896.3		12,047.9		12,831.0		13,578.0		6	%		30	%
Savings accounts		9,262.1		11,013.9		10,691.8		13,157.8		13,150.0		0	%		42	%
Time deposits		21,574.6		21,510.8		24,610.8		27,228.3		29,634.6		9	%		37	%
Other		1,687.2		1,686.8		2,305.3		2,105.1		2,374.6		13	%		41	%
Total		53,151.5		54,716.6		58,397.9		64,575.1		69,458.7		8	%		31	%

Other sources of funds

In 3Q15, the total amount of other sources of funds increased 8% or Ps.1.2 billion compared to 2Q15, as a result of a 9% or Ps.1.1 billion increase in the shareholder’s equity which was driven by 3Q15 positive results.

OTHER SOURCE OF FUNDS	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Central Bank of Argentina		18.8		17.0		16.1		15.5		12.7		-18	%		-32	%
Banks and international institutions		211.9		88.3		39.2		113.1		126.4		12	%		-40	%
Financing received from Argentine financial institutions		66.5		53.2		176.1		52.9		44.3		-16	%		-33	%
Subordinated corporate bonds		1,304.7		1,287.3		1,359.9		1,367.4		1,451.9		6	%		11	%
Non-subordinated corporate bonds		913.1		942.1		951.7		1,000.8		1,016.1		2	%		11	%
Shareholders´ equity		10,916.8		11,491.8		12,606.1		12,804.5		13,909.2		9	%		27	%
Total other source of funds		13,431.8		13,879.7		15,149.1		15,354.2		16,560.6		8	%		23	%

As of September 2015 Banco Macro’s average cost of funds reached 10%. Banco Macro’s transactional deposits represented approximately 47% of its deposit base. These accounts are low cost and are not sensitive to interest rate increases.

Liquid Assets

In 3Q15, the Bank’s liquid assets amounted to Ps.26.5 billion, showing an increase of 2% or Ps.567.6 million QoQ and an increase of 16% or Ps.3.6 billion on a yearly basis.

In 3Q15, Banco Macro experienced an increase in Cash and in Reverse repos from other securities of 4% and 214% QoQ, respectively, which were partially offset by a 23% decrease in Call.

In 3Q15 Banco Macro’s liquid assets to total deposits ratio reached 38.2%.

3Q15 Earnings Release

LIQUID ASSETS	MACRO consolidated															Variation
In MILLION $	III14			IV14			I15			II15			III15			Quarterly			Annualy

Cash		12,175.9			15,434.2			11,808.7			11,232.9			11,712.5			4	%		-4	%
Guarantees for compensating chambers		668.0			810.9			932.4			1,017.3			1,039.9			2	%		56	%
Call		333.4			105.0			391.0			613.9			470.0			-23	%		41	%
Reverse repos from other securities		277.7			117.9			80.2			93.4			293.6			214	%		6	%
Reverse repos from LEBAC/NOBAC		436.5			307.5			1,541.9			1,152.9			1,094.2			-5	%		151	%
LEBAC / NOBAC own portfolio		8,984.5			5,422.4			8,336.2			11,836.6			11,904.4			1	%		32	%
Total		22,876.0			22,197.9			23,090.4			25,947.0			26,514.6			2	%		16	%

Liquid assets to total deposits		43.0	%		40.6	%		39.5	%		40.2	%		38.2	%

Solvency

Banco Macro continued showing high solvency levels in 3Q15 with an integrated capital (RPC) of Ps.13.7 billion over a total capital requirement of Ps.7.3 billion. Banco Macro´s excess capital in 3Q15 was 90% or Ps.6.5 billion.

The capitalization ratio (as a percentage of risk-weighted assets- RWA) was 21.8% in 3Q15, above the minimum required by the Central Bank.

The Bank´s aim is to make the best use of this excess capital.

MINIMUM CAPITAL REQUIREMENT	MACRO consolidated															Variation
In MILLION $	III14			IV14			I15			II15			III15			Quarterly			Annualy

Credit risk requirement		3,609.7			3,991.7			4,336.5			4,673.1			5,192.7			11	%		44	%
Market risk requirement		270.0			388.1			452.2			449.3			487.2			8	%		80	%
Operational risk requirement		1,201.4			1,278.0			1,370.8			1,467.7			1,570.1			7	%		31	%
Total capital requirement		5,081.1			5,657.9			6,159.5			6,590.1			7,250.0			10	%		43	%

Ordinary Capital Level 1 (COn1)		10,421.0			11,204.3			12,048.9			12,337.1			13,334.7			8	%		28	%
Deductible concepts COn1		-407.3			-432.0			-446.7			-454.2			-477.7			5	%		17	%
Aditional Capital Level 1 (CAn1)		366.8			366.8			321.0			321.0			321.0			0	%		-13	%
Capital level 2 (COn2)		414.9			441.5			476.7			509.8			563.9			11	%		36	%
Integrated capital - RPC (*) (i)		10,795.4			11,580.7			12,399.9			12,713.6			13,741.9			8	%		27	%

Risk-weighted assets - RWA (ii)		43,773.5			48,208.1			52,449.0			56,687.2			62,954.0			11	%		44	%

Excess capital		5,714.3			5,922.8			6,240.4			6,123.5			6,491.9			6	%		14	%

Capitalization ratio [(i)/(ii)]		24.7	%		24.0	%		23.6	%		22.4	%		21.8	%

Ratio TIER 1		23.7	%		23.1	%		22.7	%		21.5	%		20.9	%

(*) Aditionally, the RPC of the Bank, acting as custodian of securties representing investments of FGS, must also exceed an equivalent of 0.25% of the total securities under custody, based in which, the Bank has successully fullfilled with this requirement.

Asset Quality

In 3Q15, Banco Macro’s non-performing to total financing ratio reached a level of 1.77% 15bp lower to the one posted in 2Q15.

The coverage ratio reached 129.92% in 3Q15.

The Bank is committed to continue working in this area to maintain excellent asset quality standards.

3Q15 Earnings Release

ASSET QUALITY	MACRO consolidated															Variation
In MILLION $	III14			IV14			I15			II15			III15			Quarterly			Annualy

Commercial portfolio		16,923.7			16,310.1			18,780.0			20,228.1			22,175.5			10	%		31	%
Non-performing		235.0			330.3			388.6			451.6			490.9			9	%		109	%
Consumer portfolio		27,063.3			30,150.2			31,783.4			34,409.0			38,089.1			11	%		41	%
Non-performing		580.8			560.2			580.4			596.9			573.2			-4	%		-1	%
Total portfolio		43,987.0			46,460.3			50,563.4			54,637.1			60,264.6			10	%		37	%
Non-performing		815.8			890.5			969.0			1,048.5			1,064.1			1	%		30	%
Total non-performing/ Total portfolio		1.85	%		1.92	%		1.92	%		1.92	%		1.77	%
Total allowances		1,131.4			1,205.0			1,278.5			1,375.9			1,382.5			0	%		22	%
Coverage ratio w/allowances		138.69	%		135.32	%		131.94	%		131.23	%		129.92	%

3Q15 Earnings Release

CER Exposure and Foreign Currency Position

CER EXPOSURE	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

CER adjustable ASSETS
Guaranteed loans		381.0		391.1		400.3		417.6		440.7		6	%		16	%
Private sector loans		3.3		2.8		2.2		1.7		1.3		-24	%		-61	%
Other loans		0.2		0.2		0.3		0.1		0.1		0	%		-50	%
Loans		384.5		394.1		402.8		419.4		442.1		5	%		15	%
Other receivables		1.3		1.0		0.8		0.4		0.2		-50	%		-85	%
Total CER adjustable assets		385.8		395.1		403.6		419.8		442.3		5	%		15	%

CER adjustable LIABILITIES
Deposits		0.3		0.0		0.3		0.3		0.3		0	%		0	%
Other liabilities from financial intermediation		42.0		40.3		38.3		36.3		34.1		-6	%		-19	%
Total CER adjustable liabilities		42.3		40.3		38.6		36.6		34.4		-6	%		-19	%

NET CER EXPOSURE		343.5		354.8		365.0		383.2		407.9		6	%		19	%

FOREIGN CURRENCY POSITION	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy

Cash		5,817.3		5,804.4		5,201.4		4,124.7		4,590.8		11	%		-21	%
Government and private securities		1,486.9		1,454.5		2,316.7		3,173.5		3,446.7		9	%		132	%
Loans		2,048.8		1,939.3		2,002.4		3,035.7		2,439.0		-20	%		19	%
Other receivables from financial intermediation		690.2		449.2		659.7		628.3		931.2		48	%		35	%
Other assets		85.7		89.5		103.9		94.0		107.2		14	%		25	%
Total Assets		10,128.9		9,736.9		10,284.1		11,056.2		11,514.9		4	%		14	%
Deposits		4,858.2		4,652.3		4,672.1		5,169.6		5,203.4		1	%		7	%
Other liabilities from financial intermediation		1,043.8		718.7		879.3		968.5		1,041.5		8	%		0	%
Non-subordinated corporate bonds		913.1		942.1		951.7		1,000.8		1,016.2		2	%		11	%
Subordinated corporate bonds		1,304.7		1,287.3		1,359.9		1,367.4		1,451.9		6	%		11	%
Other liabilities		5.8		5.5		2.7		0.9		0.8		-11	%		-86	%
Total Liabilities		8,125.6		7,605.9		7,865.7		8,507.2		8,713.8		2	%		7	%

NET FX POSITION		2,003.3		2,131.0		2,418.4		2,549.0		2,801.1		10	%		40	%

3Q15 Earnings Release

Relevant and Recent Events

As of September 2015, Banco Macro satisfactorily extended loans regarding the productive investment program (LIP) assigned for small & mid-sized companies (MiPyMES) required by BCRA Communication “A” 5771 and modifications.

On October 2015, the Mercado Abierto Electrónico S.A. (hereinafter referred to as “MAE”) has authorized the listing in such electronic securities and foreign-currency trading market, of Class A book-entry ordinary shares of par value AR$ 1 each and entitled to five votes per share for a nominal amount of AR$ 11,235,670 and of Class B book-entry ordinary shares of par value AR$ 1 each and entitled to one vote per share for a nominal amount of AR$ 573,327,358. The admission for negotiation in MAE of such authorized shares shall be granted by the Trading Markets Head Department (Gerencia de Mercados) through the relevant Electronic Communication.

3Q15 Earnings Release

QUARTERLY BALANCE SHEET	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy
ASSETS		72,730.3		74,995.6		81,641.8		88,012.8		95,606.5		9	%		31	%
Cash		12,175.9		15,434.2		11,808.7		11,232.9		11,712.5		4	%		-4	%
Government and Private Securities		13,436.0		10,312.5		14,745.5		18,336.7		18,721.9		2	%		39	%
-LEBAC/NOBAC		9,421.0		5,729.9		9,878.1		12,989.5		12,998.6		0	%		38	%
-Other		4,015.0		4,582.6		4,867.4		5,347.2		5,723.3		7	%		43	%
Loans		41,586.7		43,740.3		47,704.6		51,199.9		56,295.7		10	%		35	%
to the non-financial government sector		639.5		604.4		570.3		525.8		504.5		-4	%		-21	%
to the financial sector		401.7		213.9		483.4		683.1		565.9		-17	%		41	%
to the non-financial private sector and foreign residents		41,659.4		44,108.1		47,909.6		51,346.3		56,585.5		10	%		36	%
-Overdrafts		5,152.0		3,385.6		5,670.1		4,458.4		5,473.6		23	%		6	%
-Documents		4,144.3		4,627.4		4,633.9		5,251.6		5,818.0		11	%		40	%
-Mortgage loans		2,361.4		2,466.1		2,401.3		2,639.6		2,898.2		10	%		23	%
-Pledge loans		1,688.3		1,857.1		1,924.2		2,230.1		2,172.7		-3	%		29	%
-Personal loans		15,040.5		16,120.9		17,243.9		18,890.4		21,370.8		13	%		42	%
-Credit cards		7,447.4		9,189.5		9,702.8		10,423.8		11,406.2		9	%		53	%
-Other		5,235.0		5,835.2		5,637.3		6,755.7		6,732.3		0	%		29	%
-Accrued interest, adjustments, price differences receivables and unearned discount		590.5		626.3		696.1		696.7		713.7		2	%		21	%
Allowances		-1,113.9		-1,186.1		-1,258.7		-1,355.3		-1,360.2		0	%		22	%
Other receivables from financial intermediation		2,659.0		2,349.1		3,990.5		3,445.3		4,830.2		40	%		82	%
Receivables from financial leases		361.5		384.4		393.0		416.9		431.4		3	%		19	%
Investments in other companies		11.1		11.2		11.3		11.1		10.6		-5	%		-5	%
Other receivables		545.8		605.4		639.4		748.6		756.9		1	%		39	%
Other assets		1,954.3		2,158.5		2,348.8		2,621.4		2,847.3		9	%		46	%
LIABILITIES		61,813.5		63,503.8		69,035.7		75,208.3		81,697.3		9	%		32	%
Deposits		53,151.5		54,716.6		58,397.9		64,575.1		69,458.7		8	%		31	%
From the non-financial government sector		10,178.9		8,570.1		8,712.0		9,224.0		10,691.9		16	%		5	%
From the financial sector		29.2		38.7		30.1		28.9		29.6		2	%		1	%
From the non-financial private sector and foreign residents		42,943.4		46,107.8		49,655.8		55,322.2		58,737.2		6	%		37	%
-Checking accounts		10,419.5		11,896.3		12,047.9		12,831.0		13,578.0		6	%		30	%
-Savings accounts		9,262.1		11,013.9		10,691.8		13,157.8		13,150.0		0	%		42	%
-Time deposits		21,574.6		21,510.8		24,610.8		27,228.3		29,634.6		9	%		37	%
-Other		1,687.2		1,686.8		2,305.3		2,105.1		2,374.6		13	%		41	%
Other liabilities from financial intermediation		5,350.4		5,356.7		6,660.2		6,768.9		7,923.1		17	%		48	%
Subordinated corporate bonds		1,304.7		1,287.3		1,359.9		1,367.4		1,451.9		6	%		11	%
Other liabilities		2,006.9		2,143.2		2,617.7		2,496.9		2,863.6		15	%		43	%
SHAREHOLDERS' EQUITY		10,916.8		11,491.8		12,606.1		12,804.5		13,909.2		9	%		27	%

LIABILITIES + SHAREHOLDERS' EQUITY		72,730.3		74,995.6		81,641.8		88,012.8		95,606.5		9	%		31	%

3Q15 Earnings Release

QUARTERLY INCOME STATEMENT	MACRO consolidated										Variation
In MILLION $	III14		IV14		I15		II15		III15		Quarterly			Annualy
Financial income		3,752.8		3,542.8		4,568.4		4,178.9		5,020.7		20	%		34	%
Interest on cash and due from banks		0.0		0.0		0.0		0.1		0.0		0	%		0	%
Interest on loans to the financial sector		10.0		12.6		20.0		22.2		31.7		43	%		217	%
Interest on overdrafts		340.9		293.4		350.2		309.3		350.4		13	%		3	%
Interest on documents		216.2		252.2		248.9		259.8		286.8		10	%		33	%
Interest on mortgage loans		120.3		123.6		120.6		124.3		142.3		14	%		18	%
Interest on pledge loans		67.8		79.8		83.6		94.7		103.8		10	%		53	%
Interest on credit card loans		497.4		558.3		603.4		667.7		637.3		-5	%		28	%
Interest on financial leases		18.6		17.7		18.8		19.3		21.0		9	%		13	%
Interest on other loans		1,567.1		1,743.2		1,880.9		2,052.5		2,309.5		13	%		47	%
Income from government & private securities, net		761.1		374.9		1,105.4		483.4		931.9		93	%		22	%
Interest on other receivables from fin. intermediation		0.5		1.4		1.3		1.1		1.2		9	%		140	%
Income from Guaranteed Loans - Decree 1387/01		6.7		6.9		7.1		5.1		6.3		24	%		-6	%
CER adjustment		11.6		10.2		9.3		1.2		23.1		1825	%		99	%
CVS adjustment		0.1		0.2		0.0		0.1		0.3		200	%		200	%
Difference in quoted prices of gold and foreign currency		82.0		31.6		77.7		85.1		111.1		31	%		35	%
Other		52.5		36.8		41.2		53.0		64.0		21	%		22	%
Financial expense		-1,631.0		-1,750.1		-1,873.7		-2,061.8		-2,276.9		10	%		40	%
Interest on checking accounts		-0.2		0.0		0.0		0.0		0.0		0	%		0	%
Interest on saving accounts		-12.5		-13.6		-14.1		-15.5		-17.8		15	%		42	%
Interest on time deposits		-1,280.3		-1,315.0		-1,391.4		-1,568.1		-1,741.6		11	%		36	%
Interest on interfinancing received loans		-0.3		-0.9		-3.1		-1.4		-1.4		0	%		367	%
Interest on subordinated bonds		-30.6		-31.5		-31.9		-32.5		-34.0		5	%		11	%
Other Interest		-0.8		-0.7		-0.7		-0.7		-0.6		-14	%		-25	%
Interests on other liabilities from fin. intermediation		-24.1		-22.2		-22.4		-23.1		-24.1		4	%		0	%
CER adjustment		-1.7		-1.5		-1.2		-1.4		-1.1		-21	%		-35	%
Contribution to Deposit Guarantee Fund		-21.6		-90.2		-93.0		-100.2		-108.1		8	%		400	%
Other		-258.9		-274.5		-315.9		-318.9		-348.2		9	%		34	%
Net financial income		2,121.8		1,792.7		2,694.7		2,117.1		2,743.8		30	%		29	%
Provision for loan losses		-151.5		-214.4		-201.7		-217.3		-138.1		-36	%		-9	%

Fee income		1,239.5		1,283.9		1,308.6		1,457.9		1,576.0		8	%		27	%
Fee expense		-311.9		-353.7		-339.7		-384.2		-466.1		21	%		49	%
Net fee income		927.6		930.2		968.9		1,073.7		1,109.9		3	%		20	%

Administrative expenses		-1,396.6		-1,565.5		-1,586.8		-1,739.3		-1,896.1		9	%		36	%
Minority interest in subsidiaries		-5.9		-5.5		-7.7		-8.8		-9.1		3	%		54	%
Net other income		54.9		-47.0		-81.5		65.0		-25.7		-140	%		-147	%
Earnings before income tax		1,550.3		890.6		1,785.9		1,290.4		1,784.7		38	%		15	%
Income tax		-564.8		-315.6		-671.7		-467.7		-680.1		45	%		20	%

Net income		985.5		575.0		1,114.2		822.7		1,104.6		34	%		12	%

3Q15 Earnings Release

QUARTER ANNUALIZED RATIOS	MACRO consolidated
	III14			IV14			I15			II15			III15
Profitability & performance
Net interest margin (1)		16.7	%		15.0	%		20.8	%		14.8	%		16.8	%
Net interest margin adjusted (2)		14.9	%		16.0	%		16.4	%		15.8	%		15.4	%
Net fee income ratio		30.4	%		34.2	%		26.4	%		33.7	%		28.8	%
Efficiency ratio		45.8	%		57.5	%		43.3	%		54.5	%		49.2	%
Net fee income as a percentage of adm expenses		66.4	%		59.4	%		61.1	%		61.7	%		58.5	%
Return on average assets		5.6	%		3.1	%		5.9	%		4.0	%		4.9	%
Return on average equity		37.0	%		20.1	%		36.6	%		25.8	%		32.2	%
Liquidity
Loans as a percentage of total deposits		80.3	%		82.1	%		83.8	%		81.4	%		83.0	%
Liquid assets as a percentage of total deposits		43.0	%		40.6	%		39.5	%		40.2	%		38.2	%
Capital
Total equity as a percentage of total assets		15.0	%		15.3	%		15.4	%		14.5	%		14.5	%
Regulatory capital as a percentage of risk weighted assets		24.7	%		24.0	%		23.6	%		22.4	%		21.8	%
Asset Quality
Allowances over total loans		2.6	%		2.6	%		2.6	%		2.6	%		2.4	%
Non-performing financing as a percentage of total financing		1.9	%		1.9	%		1.9	%		1.9	%		1.8	%
Allowances as a percentage of non-performing financing		138.7	%		135.3	%		131.9	%		131.2	%		129.9	%

(1) Net interest margin excluding difference in quote in foreign currency

(2) Net interest margin (excluding difference in quote in foreign currency) except income from government & private securities and guaranteed loans

ACCUMULATED ANNUALIZED RATIOS	MACRO consolidated
	III14			IV14			I15			II15			III15
Profitability & performance
Net interest margin (1)		15.7	%		15.7	%		20.8	%		17.6	%		17.3	%
Net interest margin adjusted (2)		14.5	%		14.9	%		16.4	%		16.1	%		15.8	%
Net fee income ratio		28.5	%		29.8	%		26.4	%		29.8	%		29.4	%
Efficiency ratio		44.6	%		47.7	%		43.3	%		48.5	%		48.8	%
Net fee income as a percentage of adm expenses		63.8	%		62.6	%		61.1	%		61.4	%		60.4	%
Return on average assets		5.8	%		5.1	%		5.9	%		4.9	%		4.9	%
Return on average equity		38.4	%		33.4	%		36.6	%		31.1	%		31.5	%
Liquidity
Loans as a percentage of total deposits		80.3	%		82.1	%		83.8	%		81.4	%		83.0	%
Liquid assets as a percentage of total deposits		43.0	%		40.6	%		39.5	%		40.2	%		38.2	%
Capital
Total equity as a percentage of total assets		15.0	%		15.3	%		15.4	%		14.5	%		14.5	%
Regulatory capital as a percentage of risk weighted assets		24.7	%		24.0	%		23.6	%		22.4	%		21.8	%
Asset Quality
Allowances over total loans		2.6	%		2.6	%		2.6	%		2.6	%		2.4	%
Non-performing financing as a percentage of total financing		1.9	%		1.9	%		1.9	%		1.9	%		1.8	%
Allowances as a percentage of non-performing financing		138.7	%		135.3	%		131.9	%		131.2	%		129.9	%

(1) Net interest margin excluding difference in quote in foreign currency

(2) Net interest margin (excluding difference in quote in foreign currency) except income from government & private securities and guaranteed loans

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: November 10, 2015