BUENOS AIRES, Argentina, Aug. 7, 2019 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2019 ("2Q19"). All figures are in Argentine pesos (Ps.)
- The Bank's net income totaled Ps.7.0 billion in 2Q19. This result was 4% lower than the Ps.7.3 billion posted in 1Q19 and 124% higher than in 2Q19. In 2Q19, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 47% and 7.7%, respectively. In 2Q19 Recurring Net Income totaled Ps.7.8 billion increasing 37% or Ps.2.1 billion compared with the previous quarter.
- In 2Q19, Banco Macro's financing to the private sector grew Ps.705 million quarter over quarter ("QoQ") totaling Ps.174.7 billion and increased 16% or Ps.23.8 billion year over year ("YoY"). In the quarter, growth was driven by commercial loans, among which Overdrafts and Others stand out, with a 41% and 6% increase QoQ.
- In 2Q19, Banco Macro's total deposits grew 4% or Ps.11.7 billion QoQ, totaling Ps.284.3 billion and representing 84% of the Bank's total liabilities. Private sector deposits grew 7% or Ps.16.2 billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.51.0 billion
- 26.3% regulatory capital ratio – Basel III and 19.6% Tier 1 Ratio. In addition, the Bank's liquid assets remained at an adequate level, reaching 66.4% of its total deposits in 2Q19.
- As of 2Q19, the efficiency ratio reached 33.5%, improving from the 38.7% posted in 2Q18.
- In 2Q19, the Bank's non-performing to total financing ratio was 2.12% and the coverage ratio reached 116.1%.
Earnings Release Conference Call
Thursday, August 8, 2019
Time: 12:00 p.m. Eastern Time | 1:00 p.m. Buenos Aires Time
To participate, please dial:
Argentina Toll Free:
(011) 3984 5677
Participants Dial In (Toll Free):
+1 (844) 450 3847
Participants International Dial In:
+1 (412) 317 6370
Conference ID: Banco Macro
Webcast: click here
IR Contacts in Buenos Aires:
Chief Financial Officer
Nicolás A. Torres
Phone: (54 11) 5222 6682
E-mail: [email protected]
Visit our website at: www.macro.com.ar/relaciones-inversores
SOURCE Banco Macro S.A.