BUENOS AIRES, Argentina,
March 10, 2021 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the
"Bank") announced today its results for the fourth quarter ended
December 31, 2020 ("4Q20"). 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 and 2020 have been restated applying IAS
29 to reflect the accumulated effect of the inflation adjustment
for each period through December 31,
2020.
Summary
- The Bank's net income totaled Ps.6.1 billion in 4Q20.
This result was 2% higher than the result posted in 3Q20 and 11%
lower than in 4Q19. In 4Q20, the accumulated annualized return on
average equity ("ROAE") and the accumulated annualized return on
average assets ("ROAA") were 20.9% and 4.3%, respectively. Net
Income for FY2020 totaled Ps.30.3 billion, 14% higher than the
Ps.26.5 posted in FY2019. Total Comprehensive Income for FY2020
totaled Ps.25.3 billion, 5% lower than in FY2019.
- In 4Q20, Banco Macro's financing to the private sector
decreased 2% or Ps.6.1 billion quarter over quarter ("QoQ")
totaling Ps.252.5 billion and 13% or Ps.36.7 billion year over year
("YoY"). In the quarter, within consumer loans, Credit card loans
stood out; with a 9% increase QoQ, meanwhile within
commercial loans Documents stood out with a 10% increase QoQ,
mainly driven by loans to SMEs.
- In 4Q20, Banco Macro's total deposits decreased 11% or
Ps.59.8 billion QoQ, totaling Ps.488.7 billion and representing 79%
of the Bank's total liabilities. Private sector deposits decrased
4% or Ps.15.9 billion QoQ. In FY2020, within private sector
deposits, both time and demand deposits increased 41% and 14%
respectively YoY.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.132.1 billion, 34.2% regulatory capital
ratio – Basel III and 27.1% Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 90% of its
total deposits in 4Q20.
- In 4Q20, the Bank's non-performing to total financing ratio
was 0.78% and the coverage ratio improved to 479.2%.
4Q20 Earnings Release Conference Call
Thursday, March 11, 2021
Time: 11:00 a.m. Eastern Time |
1:00 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 03/11/2021 through
03/25/2021
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.