BUENOS AIRES, Argentina,
Feb. 15, 2017 /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, 2016
("4Q16"). All figures are in Argentine pesos (Ps.) and have
been prepared in accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.7 billion in 4Q16. This
result was 4% higher than the Ps.1.6 billion posted in the third
quarter of 2016 ("3Q16"). In 4Q16, the accumulated annualized
return on average equity ("ROAE") and the accumulated annualized
return on average assets ("ROAA") were 34.1% and 5.2%,
respectively. Net Income of Ps.6.5 billion in 2016 was 31% higher
than net income in 2015.
- In 4Q16, Banco Macro's financing to the private sector grew
14% or Ps.10.5 billion quarter over quarter ("QoQ") totaling
Ps.86.9 billion and increased 38% or Ps. 24 billion year over year
("YoY"). In the quarter, growth was driven by commercial loans,
among which Documents and Mortgages stand out, which
grew 19% and 22% QoQ, respectively. Meanwhile within consumer
loans, credit cards and personal loans rose 16% and 9% QoQ,
respectively. As of December
2016, the "Credit Line for Productive Financing and
Financial Inclusion", totaled Ps. 5.5 billion. Banco Macro´s market
share over private sector loans reached 8.1% as of 4Q16, increasing
50bp compared to 4Q15.
- In 4Q16, Banco Macro's total deposits grew 10% QoQ, totaling
Ps.111.9 billion and representing 84% of the Bank's total
liabilities. Private sector deposits grew 17% QoQ. Banco
Macro´s market share over private sector deposits reached 6.8% as
of 4Q16, increasing 40bp compared to 4Q15.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.17.5 billion (22.1% regulatory capitalization
ratio – Basel III). In addition, the Bank's liquid assets remained
at an adequate level, reaching 47.6% of its total deposits in
4Q16.
- In 4Q16, the Bank's non-performing to total financing ratio
was 1.14% and the coverage ratio reached 176.51%.
4Q16 Earnings Release Conference Call
Thursday, February 16, 2017
Time: 11:00 a.m. Eastern Time |
1:00 p.m. Buenos Aires Time
To participate, please dial:
Argentina Toll Free: (0800) 444
2930
Participants Dial In (Toll Free): +1 (844) 839 2185
Participants International Dial In: +1 (412) 317 2506
Conference ID: Banco Macro
Webcast: click here
Webcast Replay: click
here
Available from 02/16/2017 through
03/02/2017
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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SOURCE Banco Macro S.A.