Banco Macro Announces Results for the Fourth Quarter of 2019
February 19 2020 - 5:19PM
PR Newswire (US)
BUENOS AIRES, Argentina,
Feb. 19, 2020 /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, 2019
("4Q19"). All figures are in Argentine pesos (Ps.)
Summary
- The Bank's net income totaled Ps.13.3 billion in
4Q19. This result was 1% higher than the result posted
in 3Q19 and 153% higher than in 4Q18. In 4Q19, the accumulated
annualized return on average equity ("ROAE") and the accumulated
annualized return on average assets ("ROAA") were 59% and 10.4%,
respectively. In FY2019 Net Income totaled Ps.40.8 billion
increasing 159% or Ps.25 billion compared with FY2018.
- In 4Q19, Banco Macro's financing to the private sector grew
10% or Ps.18.7 billion quarter over quarter ("QoQ") totaling
Ps.211.6 billion and increased 22% or Ps.38.6 billion year over
year ("YoY"). In the quarter, growth was driven by commercial
loans, among which Overdrafts and Others stand out; with a
32% and a 52% increase respectively QoQ. Meanwhile within
consumer loans, credit card loans increased 27% QoQ.
- In 4Q19, Banco Macro's total deposits increased 1% or Ps.3.7
billion QoQ, totaling Ps.262.9 billion and representing 78% of the
Bank's total liabilities. Private sector deposits increased 3% or
Ps.6.4 billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.69 billion, 27.3% regulatory capital ratio –
Basel III and 20% Tier 1 Ratio. In addition, the Bank's liquid
assets remained at an adequate level, reaching 59% of its total
deposits in 4Q19.
- As of 4Q19, the efficiency ratio reached 32.3%, improving
from the 37.9% posted in 4Q18.
- In 4Q19, the Bank's non-performing to total financing ratio
was 2.07% and the coverage ratio reached 123.08%.
4Q19 Earnings
Release Conference Call
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Thursday, February
20, 2020
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires
Time
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To participate,
please dial:
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Webcast
Replay: click here
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Argentina Toll
Free:
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Available from
02/20/2020 through 03/05/2020
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(011) 3984
5677
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Participants Dial
In (Toll Free):
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+1 (844) 450
3847
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Participants
International Dial In:
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+1 (412) 317
6370
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Conference ID:
Banco Macro
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Webcast:
click here
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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.
Copyright 2020 PR Newswire
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