BUENOS AIRES, Argentina,
Aug. 9, 2016 /PRNewswire/
-- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or
"BMA" or the "Bank") announced today its results for the second
quarter ended June 30, 2016
("2Q16"). All figures are in Argentine pesos (Ps.) and have
been prepared in accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.8 billion in 2Q16. This
result was 28% higher than the Ps.1.4 billion posted in the first
quarter of 2016 ("1Q16") and 119% higher than the Ps.824.2 million
posted in the second quarter of 2015 ("2Q15"). In 2Q16, the
accumulated annualized return on average equity ("ROAE") and the
accumulated annualized return on average assets ("ROAA") were 36.7%
and 5.7%, respectively.
- In 2Q16, Banco Macro's financing to the private sector grew
13% or Ps.8.0 billion quarter over quarter ("QoQ") totaling Ps.70.7
billion, and grew 37% or 19.2 billion, year over year ("YoY"). In
the quarter, commercial lines stand out, among which, Overdrafts
and Documents grew 71% and 38% QoQ, respectively. Among consumer
loans, growth was driven by credit cards and personal loans which
grew 8% and 5% QoQ, respectively. As of June
2016, Banco Macro has granted Ps.2.1 billion loans,
regarding the "Credit Line for Productive Financing and Financial
Inclusion" program.
- In 2Q16, Banco Macro's total deposits grew 9% QoQ, totaling
Ps.90.9 billion and representing 83% of the Bank's total
liabilities. Private sector deposits grew 8% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.9.0 billion (22.5% capitalization ratio/
16.2% regulatory capital - Basel III). In addition, the Bank's
liquid assets remained at an adequate level, reaching 41% of its
total deposits in 2Q16.
- In 2Q16, the Bank's non-performing to total financing ratio
was 1.52% and the coverage ratio reached 150.51%.
2Q16 Earnings Release Conference Call
Wednesday, August 10, 2016
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 (844)
839 2185
Participants from outside the U.S.:
+1 (412) 317 2506
Conference ID: Banco Macro
Webcast: click
here
Webcast Replay: click here
Available
from 08/10/2016 through
08/24/2016
With the presence of: Jorge
Pablo Brito (Director), Gustavo
Manriquez (General Manager), Jorge
Scarinci (Finance and IR Manager) and Ines Lanusse
(Head of Investor Relations).
IR Contacts in Buenos
Aires:
Jorge Scarinci
Finance & IR Manager
Ines Lanusse
Head of
Investor Relations
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-second-quarter-of-2016-300311509.html
SOURCE Banco Macro S.A.