PR Newswire
BUENOS AIRES, Argentina, Nov. 9, 2016
BUENOS AIRES, Argentina, Nov. 9, 2016 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended
September 30, 2016 ("3Q16"). All figures are in Argentine pesos (Ps.) and have been prepared
in accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.6 billion in 3Q16. This result was 48% higher than the Ps.1.1 billion posted in the
third quarter of 2015 ("3Q15"). In 3Q16, the accumulated annualized return on average equity ("ROAE") and the accumulated
annualized return on average assets ("ROAA") were 35.2% and 5.4%, respectively.
- In 3Q16, Banco Macro's financing to the private sector grew 8% or Ps.5.7 billion quarter over quarter ("QoQ") totaling
Ps.76.5 billion, and grew 35% or 19.7 billion, year over year ("YoY"). In the quarter, commercial lines stand out, among which,
Documents and Overdrafts grew 26% and 16% QoQ, respectively. Among consumer loans, growth was driven by personal loans and
credit cards which grew 6% and 2% QoQ, respectively. As of September 2016, Banco Macro has
granted Ps.3.7 billion loans, regarding the "Credit Line for Productive Financing and Financial Inclusion" program.
- In 3Q16, Banco Macro's total deposits grew 12% QoQ, totaling Ps.101.9 billion and representing 88% of the Bank's total
liabilities. Private sector deposits grew 9% QoQ.
- Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.10.5 billion (23.6% capitalization
ratio/ 17.3% regulatory capital - Basel III). In addition, the Bank's liquid assets remained at an adequate level, reaching
44.7% of its total deposits in 3Q16.
- In 3Q16, the Bank's non-performing to total financing ratio was 1.46% and the coverage ratio reached 155.15%.
3Q16 Earnings Release Conference Call
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Thursday, November 10, 2016
Time: 10:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time
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To participate, please dial:
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Argentine Participants: (0800) 444 2930
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Webcast Replay: click here
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U.S. Participants: +1 (844) 839 2185
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Participants from outside the U.S.:
+1 (412) 317 2506
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Available from 11/10/2016 through 11/24/2016
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Conference ID: Banco Macro
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Webcast: click here
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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).
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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-third-quarter-of-2016-300360103.html
SOURCE Banco Macro S.A.