BUENOS AIRES, Argentina,
Feb. 17, 2016 /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, 2015 ("4Q15"). All
figures are in Argentine pesos (Ps.) and have been prepared in
accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.2.0 billion in 4Q15. This
result was 78% higher than the Ps.1.1 billion posted in the third
quarter of 2015 ("3Q15") and 242% higher than the Ps.575 million
reported in the fourth quarter of 2014 ("4Q14"). In 4Q15, the
accumulated annualized return on average equity ("ROAE") and the
accumulated annualized return on average assets ("ROAA") were 37.2%
and 5.8%, respectively.
- In 4Q15, Banco Macro's financing to the private sector grew
11% or Ps.6.1 billion quarter over quarter ("QoQ") totaling Ps.62.9
billion. Among commercial loans, growth was driven by mortgage
loans and documents (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 21% and 13%
QoQ, respectively. Meanwhile within consumer loans, credit cards
and personal loans rose 30% and 9% QoQ, respectively.
- In 4Q15, Banco Macro's total deposits grew 10% QoQ, totaling
Ps.76.5 billion and representing 86% of the Bank's total
liabilities. Private sector deposits grew 14% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.6.9 billion (20.8% capitalization ratio). In
addition, the Bank's liquid assets remained at an adequate level,
reaching 38.4% of its total deposits in 4Q15.
- In 4Q15, the Bank's non-performing to total financing ratio
was 1.52% and the coverage ratio reached 151.04%.
4Q15 Earnings Release Conference Call
Thursday, February 18, 2016
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 (844)
839 2185
Participants from outside the U.S.:
+1 (412) 317 2506
Conference ID: Banco Macro
Webcast: click
here
Webcast Replay: click here
Available from 02/18/2016 through
03/03/2016
With the presence of: Jorge
Pablo Brito (Member of the Executive Committee),
Guillermo Goldberg (Financial Deputy
General Manager) and Jorge Scarinci
(Finance and IR Manager).
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-fourth-quarter-of-2015-300221845.html
SOURCE Banco Macro S.A.