BUENOS AIRES, Argentina,
Nov. 10, 2015 /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, 2015
("3Q15"). All figures are in Argentine pesos (Ps.) and have
been prepared in accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.1 billion in 3Q15. This
result was 34% higher than the Ps.822.7 million posted in the
second quarter of 2015 ("2Q15") and 12% higher than the Ps.985.5
million reported in the third quarter of 2014 ("3Q14"). In 3Q15,
the accumulated annualized return on average equity ("ROAE") and
the accumulated annualized return on average assets ("ROAA") were
31.5% and 4.9%, respectively.
- In 3Q15, Banco Macro's financing to the private sector grew
10% or Ps.5.3 billion quarter over quarter ("QoQ") totaling Ps.56.8
billion. Among commercial loans, growth was driven by overdrafts,
documents and mortgage loans (mainly productive investments
loans with mortgage guarantee according to Communication "A" 5319,
"A" 5380, "A" 5449, "A" 5516, "A" 5600, "A" 5681, "A" 5771 and it´s
corresponding modifications of BCRA), grew 23%, 11% and
10% QoQ, respectively. Meanwhile within consumer loans, personal
loans and credit cards rose 13% and 9% QoQ, respectively.
- In 3Q15, Banco Macro's total deposits grew 8% QoQ, totaling
Ps.69.5 billion and representing 85% of the Bank's total
liabilities. Private sector deposits grew 6% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.6.5 billion (21.8% capitalization ratio). In
addition, the Bank's liquid assets remained at an adequate level,
reaching 38.2% of its total deposits in 3Q15.
- In 3Q15, the Bank's non-performing to total financing ratio
was 1.77% and the coverage ratio reached 129.92%.
3Q15 Earnings Release Conference Call
Thursday, November 12, 2015
Time: 10:00 a.m. Eastern Time |
12:00 p.m. Buenos Aires Time
To participate, please dial:
Argentine
Participants: (0800) 444 2930
U.S. Participants: +1 (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
11/12/2015 through 11/26/2015
With the presence of: Jorge
Pablo Brito (Member of the Executive Committee),
Guillermo Goldberg (Commercial
Deputy General Manager), Jorge
Scarinci (Finance and IR Manager) and Ines Lanusse (Investor Relations
Officer).
IR Contacts in Buenos
Aires:
Jorge
Scarinci
Finance & IR Manager
Ines
Lanusse
Investor Relations Officer
Phone: (54 11) 5222 6682
E-mail:
investorelations@macro.com.ar
Visit our website at: www.ri-macro.com.ar
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-third-quarter-of-2015-300176218.html
SOURCE Banco Macro S.A.