BUENOS AIRES, Argentina,
Nov. 30, 2020 /PRNewswire/
-- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or
"BMA" or the "Bank") announced today its results for the third
quarter ended September 30, 2020
("3Q20"). All figures are in Argentine pesos (Ps.) and have
been restated in terms of the measuring unit current at the end of
the reporting period. As of 1Q20, the Bank began reporting results
applying Hyperinflation Accounting, in accordance with IFRS IAS 29
as established by the Central Bank. For ease of comparison, figures
of previous quarters of 2019 have been restated applying IAS 29 to
reflect the accumulated effect of the inflation adjustment for each
period through September 30,
2020.
Summary
- The Bank's net income totaled Ps.6.1 billion in
3Q20. This result was 12% lower than the result
posted in 2Q20 and 33% lower than in 3Q19. In 3Q20, the accumulated
annualized return on average equity ("ROAE") and the accumulated
annualized return on average assets ("ROAA") were 21.5% and 4.6%,
respectively.
- In 3Q20, Banco Macro's financing to the private sector
decreased 2% or Ps.3.9 billion quarter over quarter ("QoQ")
totaling Ps.232.2 billion and 12% or Ps.31.9 billion year over year
("YoY"). In the quarter consumer loans stood out, among which
Credit card loans stood out; with a 8% increase QoQ,
meanwhile within commercial loans Others stood out with a 7%
increase QoQ, mainly driven by the 24% loans to SMEs.
- In 3Q20, Banco Macro's total deposits increased 13% or
Ps.55.6 billion QoQ, totaling Ps.493 billion and representing 83%
of the Bank's total liabilities. Private sector deposits increased
4% or Ps.14.2 billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.116.9 billion, 34.8% regulatory capital
ratio – Basel III and 27.3% Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 87% of its
total deposits in 3Q20.
- In 3Q20, the Bank's non-performing to total financing ratio
was 1.14% and the coverage ratio improved to 302.9%.
3Q20 Earnings Release Conference Call
Tuesday, December 1, 2020
Time: 10:00 a.m. Eastern Time |
12:00 p.m. Buenos Aires
Time
To participate, please dial:
Argentina Toll Free:
(011) 3984 5677
Participants Dial In (Toll Free):
+1 (844) 450 3847
Participants International Dial In:
+1 (412) 317 6370
Conference ID: Banco Macro
Webcast: click here
Webcast Replay: click here
Available from 12/01/2020 through
12/15/2020
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.macro.com.ar/relaciones-inversores
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SOURCE Banco Macro S.A.