BUENOS AIRES, Argentina,
Aug. 9, 2017 /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, 2017 ("2Q17"). All
figures are in Argentine pesos (Ps.) and have been prepared in
accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.2.0 billion in
2Q17. This result was 14% higher than the Ps.1.8
billion posted in the first quarter of 2017 ("1Q17")
and 12% higher than a year ago. In 2Q17, the accumulated annualized
return on average equity ("ROAE") and the accumulated annualized
return on average assets ("ROAA") were 30.7% and 4.7%,
respectively.
- In 2Q17, Banco Macro's financing to the private sector grew
12% or Ps.11.3 billion quarter over quarter ("QoQ") totaling
Ps.105.2 billion and increased 49% or Ps.34.5 billion year over
year ("YoY"). In the quarter, growth was driven by commercial
loans, among which Documents and Others stand out, which
grew 15% and 30% QoQ, respectively. Meanwhile within consumer
loans, personal loans and credit cards rose 12% and 5% QoQ,
respectively.
- In 2Q17, the accumulated efficiency ratio reached 45.0%,
lower than the 47.0% posted in 1Q17 and the 46.3% in 2Q16. Net fee
income over administrative expenses was 57.7%, higher than the
56.2% registered in the previous quarter and the 53.4% in
2Q16.
- In 2Q17, Banco Macro's total deposits grew 7% QoQ, totaling
Ps.123.7 billion and representing 81% of the Bank's total
liabilities. Private sector deposits grew 10% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.28.8 billion (post Primary Follow-On
Equity Offering) and 26.3% regulatory capitalization ratio – Basel
III) In addition, the Bank's liquid assets remained at an
adequate level, reaching 53.2% of its total deposits in
2Q17.
- In 2Q17, the Bank's non-performing to total financing ratio
was 1.27% and the coverage ratio reached 168.08%.
2Q17 Earnings Release Conference Call
Thursday, August 10, 2017
Time: 11:00 a.m. Eastern Time |
12:00 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 08/10/2017 through
08/24/2017
With the presence of: Jorge
Pablo Brito (Director), Gustavo
Manriquez (General Manager) and Jorge Scarinci (Finance and IR Manager).
IR Contacts in Buenos
Aires:
Jorge
Scarinci
Finance & IR Manager
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
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SOURCE Banco Macro S.A.