Press Release: Banco Macro Announces Results for the Second Quarter of 2016

Press Release: Banco Macro Announces Results for the Second Quarter of 2016

Banco Macro Announces Results for the Second Quarter of 2016

PR Newswire

BUENOS AIRES, Argentina, Aug. 9, 2016

BUENOS AIRES, Argentina, Aug. 9, 2016 /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, 2016 (“2Q16”). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


   -- The Bank's net income totaled Ps.1.8 billion in 2Q16. This result was 28% 
      higher than the Ps.1.4 billion posted in the first quarter of 2016 
      ("1Q16") and 119% higher than the Ps.824.2 million posted in the second 
      quarter of 2015 ("2Q15"). In 2Q16, the accumulated annualized return on 
      average equity ("ROAE") and the accumulated annualized return on average 
      assets ("ROAA") were 36.7% and 5.7%, respectively. 
   -- In 2Q16, Banco Macro's financing to the private sector grew 13% or Ps.8.0 
      billion quarter over quarter ("QoQ") totaling Ps.70.7 billion, and grew 
      37% or 19.2 billion, year over year ("YoY"). In the quarter, commercial 
      lines stand out, among which, Overdrafts and Documents grew 71% and 38% 
      QoQ, respectively. Among consumer loans, growth was driven by credit 
      cards and personal loans which grew 8% and 5% QoQ, respectively. As of 
      June 2016, Banco Macro has granted Ps.2.1 billion loans, regarding the 
      "Credit Line for Productive Financing and Financial Inclusion" program. 
   -- In 2Q16, Banco Macro's total deposits grew 9% QoQ, totaling Ps.90.9 
      billion and representing 83% of the Bank's total liabilities. Private 
      sector deposits grew 8% QoQ. 
   -- Banco Macro continued showing a strong solvency ratio, with an excess 
      capital of Ps.9.0 billion (22.5% capitalization ratio/ 16.2% regulatory 
      capital - Basel III). In addition, the Bank's liquid assets remained at 
      an adequate level, reaching 41% of its total deposits in 2Q16. 
   -- In 2Q16, the Bank's non-performing to total financing ratio was 1.52% and 
      the coverage ratio reached 150.51%. 
 Stock Market Quotes, Business News, Financial News from

2Q16 Earnings Release Conference Call

Wednesday, August 10, 2016

Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial:

Argentine Participants: (0800) 444 2930

U.S. Participants: +1 (844) 839 2185

Participants from outside the U.S.:

Conference ID: Banco Macro

Webcast: click here

Webcast Replay: click here

Available from 08/10/2016 through 08/24/2016

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).

IR Contacts in Buenos Aires:

Jorge Scarinci

Finance & IR Manager

Ines Lanusse

Head of Investor Relations

Phone: (54 11) 5222 6682

E-mail: investorelations[a]

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