Banco Macro Announces Results for the Third Quarter of 2016
November 09 2016 - 4:25PM
PR Newswire (US)
BUENOS AIRES, Argentina,
Nov. 9, 2016 /PRNewswire/ -- 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, 2016 ("3Q16").
All figures are in Argentine pesos (Ps.) and have been prepared in
accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.6 billion in 3Q16. This
result was 48% higher than the Ps.1.1 billion posted in the third
quarter of 2015 ("3Q15"). In 3Q16, the accumulated annualized
return on average equity ("ROAE") and the accumulated annualized
return on average assets ("ROAA") were 35.2% and 5.4%,
respectively.
- In 3Q16, Banco Macro's financing to the private sector grew
8% or Ps.5.7 billion quarter over quarter ("QoQ") totaling Ps.76.5
billion, and grew 35% or 19.7 billion, year over year ("YoY"). In
the quarter, commercial lines stand out, among which, Documents and
Overdrafts grew 26% and 16% QoQ, respectively. Among consumer
loans, growth was driven by personal loans and credit cards which
grew 6% and 2% QoQ, respectively. As of September 2016, Banco Macro has granted Ps.3.7
billion loans, regarding the "Credit Line for Productive Financing
and Financial Inclusion" program.
- In 3Q16, Banco Macro's total deposits grew 12% QoQ, totaling
Ps.101.9 billion and representing 88% of the Bank's total
liabilities. Private sector deposits grew 9% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.10.5 billion (23.6% capitalization ratio/
17.3% regulatory capital - Basel III). In addition, the Bank's
liquid assets remained at an adequate level, reaching 44.7% of its
total deposits in 3Q16.
- In 3Q16, the Bank's non-performing to total financing ratio
was 1.46% and the coverage ratio reached 155.15%.
3Q16 Earnings Release Conference Call
Thursday, November
10, 2016
Time: 10:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires
Time
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To participate,
please dial:
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Argentine
Participants: (0800) 444 2930
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Webcast
Replay: click here
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U.S. Participants:
+1 (844) 839 2185
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Participants from
outside the U.S.:
+1 (412) 317 2506
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Available from
11/10/2016 through 11/24/2016
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Conference ID:
Banco Macro
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Webcast: click here
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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).
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IR Contacts in
Buenos Aires:
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Jorge
Scarinci
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Finance & IR
Manager
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Ines Lanusse
Head of Investor Relations
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Phone: (54 11)
5222 6682
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E-mail:
investorelations@macro.com.ar
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Visit our website
at: www.ri-macro.com.ar
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To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-third-quarter-of-2016-300360103.html
SOURCE Banco Macro S.A.
Copyright 2016 PR Newswire
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