Banco Macro Announces Results for the First Quarter of 2016
April 21 2016 - 5:38PM
PR Newswire (US)
BUENOS AIRES, Argentina,
April 21, 2016 /PRNewswire/
-- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or
"BMA" or the "Bank") announced today its results for the first
quarter ended March 31, 2016
("1Q16"). All figures are in Argentine pesos (Ps.) and have
been prepared in accordance with Argentine GAAP.
Summary
- The Bank's net income totaled Ps.1.4 billion in 1Q16. This
result was 26% higher than the Ps.1.1 billion posted in the first
quarter of 2016 ("1Q15"). In 1Q16, the accumulated annualized
return on average equity ("ROAE") and the accumulated annualized
return on average assets ("ROAA") were 33.3% and 5.1%,
respectively.
- In 1Q16, Banco Macro's financing to the private sector
decreased Ps.218.8 million quarter over quarter ("QoQ") totaling
Ps.62.7 billion but grew 30% year over year ("YoY"). Among consumer
loans, growth was driven by personal loans and credit cards which
grew 6% and 1% QoQ, respectively. Meanwhile within commercial
loans, during 1Q16, Banco Macro granted Ps.1.9 billion loans
regarding the "Credit Line for Productive Financing and Financial
Inclusion" program.
- In 1Q16, Banco Macro's total deposits grew 9% QoQ, totaling
Ps.83.8 billion and representing 85% of the Bank's total
liabilities. Private sector deposits grew 11% QoQ.
- Banco Macro continued showing a strong solvency ratio, with
excess capital of Ps.8.7 billion (23.5% capitalization ratio). In
addition, the Bank's liquid assets remained at an adequate level,
reaching 44.4% of its total deposits in 1Q16.
- In 1Q16, the Bank's non-performing to total financing ratio
was 1.53% and the coverage ratio reached 151.47%.
1Q16 Earnings Release Conference Call
Monday, April 25,
2016
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires
Time
|
To participate,
please dial:
|
Webcast Replay:
click here
|
Argentine
Participants: (0800) 444 2930
|
Available from
04/25/2016 through 05/09/2016
|
U.S. Participants:
+1 (844) 839 2185
Participants from
outside the U.S.: +1 (412) 317 2506
|
|
Conference ID:
Banco Macro
|
Webcast: click here
|
|
With the presence
of: Jorge Pablo Brito (Member of the Executive Committee),
Guillermo Goldberg (Financial Deputy General Manager), Jorge
Scarinci (Finance and IR Manager) and Ines Lanusse (Investro
Relations).
|
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-first-quarter-of-2016-300255760.html
SOURCE Banco Macro S.A.
Copyright 2016 PR Newswire
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