Banco Macro Announces Results for the Second Quarter of 2009
August 06 2009 - 5:38PM
PR Newswire (US)
BUENOS AIRES, Argentina, Aug. 6 /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
ended June 30, 2009 ("2Q09"). All figures are in Argentine pesos
(Ps.) and have been prepared in accordance with Argentine GAAP.
SUMMARY -- The Bank's net income totaled Ps.163.2 million. This
result was 1% higher than the Ps.161.0 million posted for the
second quarter of 2008 ("2Q08"). The annualized 2Q09 ROAE and ROAA
were 22.0% and 2.7%, respectively. -- In 2Q09, the Bank's net
financial income was Ps.604.7 million, increasing 52% year to year
("YoY"). In addition, Banco Macro's operating income rose 90% YoY
to Ps.412.7 million. -- Banco Macro's financing to the private
sector grew 2% quarter to quarter ("QoQ"), or Ps.181.6 million.
Discounted documents, loans to SMEs and export-financing led QoQ
loan book expansion. -- In 2Q09, total deposits grew 3% QoQ,
totaling Ps.17.7 billion and representing 80% of the Bank's
liabilities. The quarterly deposit growth was led by a 15% increase
in private sector current accounts. -- Banco Macro continued
showing a strong solvency ratio, with an excess capital of Ps.1.9
billion (24.6% capitalization ratio) in 2Q09. In addition, the
Bank's liquid assets remained at a high level, reaching 55.3% of
its total deposits. -- In 2Q09, the Bank's non-performing to total
financing ratio reached 3.40% and the coverage ratio was 104.94%. 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 7, 2009 at 1:00 p.m. Buenos Aires time
(12:00 p.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: (888) 516-2435 (Within the U.S.) (719) 325-2180
(Outside the U.S.) Conference ID: 8794157 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:
Buenos Aires: Jorge Scarinci, CFA, Finance and Investor Relations
Manager, Banco Macro, +011-54-11-5222-6730, Web site:
http://www.macro.com.ar/
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