BUENOS AIRES, Argentina, Aug. 7 /PRNewswire-FirstCall/ -- Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter period ended June 30, 2008 ("2Q08"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP. SUMMARY -- The Bank's net income totalled Ps.161.0 million. This result was 40%, or Ps.45.7 million, higher than 2Q07's Ps.115.3 million, and 6%, or Ps.9.4 million above 1Q08. The annualized 2Q08 ROAE and ROAA were 23.6% and 3.1%, respectively. -- The Bank's net financial income was Ps.398.6 million, increasing 70% year over year ("YoY") and 12% quarter over quarter (QoQ). Banco Macro's operating income of Ps.233.6 million jumped 109% YoY compared to the Ps.111.9 million posted in 2Q07. -- Banco Macro's financing to the private sector showed an attractive growth of 47% YoY, or Ps.3,446 million and 8% QoQ, or Ps.819 million. Personal loans, which represent a strategic product for the Bank, once again led annual private loan portfolio growth while overdrafts to Triple "A" companies were the leading products for 2Q08. -- Total deposits grew 2%, or Ps.355 million QoQ, totalling Ps.14.9 billion and representing 81% of the Bank's liabilities. Quarterly deposit growth was led by public sector deposits (16%) while private sector deposits remained unchanged. -- Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.1.66 billion (22.1% capitalization ratio). In addition, the Bank's liquid assets remained at a high level, reaching 53.6% of total deposits. -- The Bank's non-performing loans to total loans ratio was 2.03% and the coverage ratio reached 107.8%. -- During 2Q08, the Bank paid a cash dividend of Ps.171 million (Ps.0.25 per share). -- In 2Q08, the Bank repurchased 13.6 million shares, according to the Share Buy Back Program launched on January 8, 2008. A longer version of this press release with detailed information is available on our web site: http://www.macro.com.ar/ QUARTERLY CONFERENCE CALL A conference call to discuss this press release will be held on August 8, 2008 at 12:00 p.m. Buenos Aires time (11:00 a.m. New York time), with the presence of Jorge Pablo Brito (Member of the Executive Committee), Guillermo Stanley (Board Member), Guillermo Goldberg (Deputy General Manager) and Jorge Scarinci, (Finance and Investor Relations Manager). Dial in information: (877) 718-5101 (Within the U.S.) (719) 325-4800 (Outside the U.S.) Conference ID: 9227304 INVESTOR RELATIONS CONTACTS: In Buenos Aires: Jorge Scarinci, CFA Finance and Investor Relations Manager Tel: +5411-5222-6730 E-mail: Visit our website at: http://www.macro.com.ar/ DATASOURCE: Banco Macro S.A. CONTACT: Jorge Scarinci, CFA, Finance and Investor Relations Manager, Banco Macro, +011-5411-5222-6730, Web site: http://www.macro.com.ar/

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