BUENOS AIRES, Argentina, Feb. 18, 2015 /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, 2014 ("4Q14"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.575 million in 4Q14. This result was 42% lower than the Ps.985.5 million reported in the third quarter of 2014 ("3Q14") and 40% lower than the Ps.953.4 million posted in the fourth quarter of 2013 ("4Q13"). In 4Q14, the accumulated return on average equity ("ROAE") and the accumulated return on average assets ("ROAA") were 33.4% and 5.1%, respectively. Banco Macro´s net result for 2014 totaled Ps.3.5 billion, 42% higher than the in 2013.
- In 4Q14, Banco Macro's financing to the private sector grew 6% or Ps.2.3 billion quarter over quarter ("QoQ") totaling Ps.44.3 billion. Among commercial loans, documents and pledge loans (mainly productive investments loans through factoring and pledge guarantee loans respectively, according to Communication "A" 5319, "A" 5380, "A" 5449, "A" 5516 and "A" 5600 and it´s corresponding modifications of BCRA), grew 12% and 10% QoQ, respectively. Meanwhile within consumer loans, credit cards and personal loans rose 23% and 7% QoQ, respectively.
- In 4Q14, Banco Macro's total deposits grew 3% QoQ, totaling Ps.54.7 billion and representing 86% of the Bank's total liabilities. Private sector deposits grew 7% QoQ.
- Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.5.9 billion (24% capitalization ratio). In addition, the Bank's liquid assets remained at an adequate level, reaching 41% of its total deposits in 4Q14.
- In 4Q14, the Bank's non-performing to total financing ratio was 1.92% and the coverage ratio reached 135.32%.
4Q14 Earnings Release Conference Call
Thursday, February 19, 2015
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time
To participate, please dial:
Argentine Participants: (0800) 444 2930
U.S. Participants: +1 (877) 317 6776
Participants from outside the U.S.:
+1 (412) 317 6776
Conference ID: Banco Macro
Webcast: click here
Webcast Replay: click here
Available from 2/19/2015 through 3/5/2015
With the presence of: Jorge Pablo Brito (Member of the Executive Committee), Guillermo Goldberg (Commercial Deputy General Manager) and Jorge Scarinci (Finance and IR Manager).
IR Contacts in Buenos Aires:
Jorge Scarinci
Finance & IR Manager
Ines Lanusse
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.
