BUENOS AIRES, Argentina,
Feb. 19, 2018 /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, 2017
("4Q17"). All figures are in Argentine pesos (Ps.) and have
been prepared in accordance with Argentine GAAP.
Summary
• The Bank's net income totaled Ps.3.01 billion in 4Q17. This
result was 16% higher than the Ps.2.60 billion posted in the third
quarter of 2017 ("3Q17") and 78% higher than the result posted in
the fourth quarter of 2016 ("4Q16"). In 4Q17, the accumulated
annualized return on average equity ("ROAE") and the accumulated
annualized return on average assets ("ROAA") were 28.6% and 5.2%,
respectively. Net Income of Ps.9.39 billion in FY2017 was 44%
higher than net income in FY2016.
• In 4Q17, Banco Macro's financing to the private sector grew
10% or Ps.11.7 billion quarter over quarter ("QoQ") totaling
Ps.129.1 billion and increased 49% or Ps. 42.2 billion year over
year ("YoY"). In the quarter, growth was driven by commercial
loans, among which Documents and Others stand out, which
grew 20% and 10% QoQ, respectively. Meanwhile within consumer
loans, mortgage loans, credit cards and personal loans rose 29% and
16% and 12% QoQ, respectively.
• In 4Q17, the accumulated efficiency ratio reached
42.5%, lower than the 43.2% posted in 3Q17 and the 47.5% in 4Q16.
Net fee income over administrative expenses was 56.8%, higher than
the 53.8% registered in 4Q16.
• In 4Q17, Banco Macro's total deposits grew 6% QoQ, totaling
Ps.144.2 billion and representing 80% 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.35.1 billion (28.1% regulatory capital
ratio – Basel III). In addition, the Bank's liquid assets
remained at an adequate level, reaching 50.4% of its total
deposits in 4Q17.
• In 4Q17, the Bank's non-performing to total financing ratio
was 1.07% and the coverage ratio reached 183.14%.
4Q17 Earnings Release Conference Call
Wednesday, February 21, 2018
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
With the presence of: Jorge Pablo
Brito (Director), Gustavo
Manriquez (CEO), Jorge
Scarinci (CFO)
Conference ID: Banco Macro
Webcast: click here
Webcast Replay: click here
Available from 02/21/2018 through
03/07/2018
IR Contacts in Buenos
Aires:
Jorge
Scarinci
Chief Financial Officer
Nicolás A. Torres
Investor Relations
Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
Visit our website at: www.ri-macro.com.ar
View original
content:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-fourth-quarter-of-2017-300600832.html
SOURCE Banco Macro S.A.