BUENOS AIRES, Argentina,
Feb. 23, 2022 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the
"Bank") announced today its results for the fourth quarter ended
December 31, 2021 ("4Q21"). All
figures are in Argentine pesos (Ps.) and have been restated in
terms of the measuring unit current at the end of the reporting
period. As of 1Q20, the Bank began reporting results applying
Hyperinflation Accounting, in accordance with IFRS IAS 29 as
established by the Central Bank. For ease of comparison, figures of
previous quarters of 2020 and 2021 have been restated applying IAS
29 to reflect the accumulated effect of the inflation adjustment
for each period through December 31,
2021.
Summary
- The Bank's net income totaled Ps.10.5 billion in
4Q21. This result was 30% higher than the Ps.8.1
billion posted in 3Q21 and 120% higher than in 4Q20. In 4Q21, the
accumulated annualized return on average equity ("ROAE") and the
accumulated annualized return on average assets ("ROAA") were 12.2%
and 2.8%, respectively. Net Income for FY2021 totaled Ps.27.1
billion, 26% lower than the Ps.36.8 posted in FY2020. Total
Comprehensive Income for FY2021 totaled Ps.28.3 billion, 26% lower
than in FY2020.
- In 4Q21, Banco Macro's financing to the private sector
increased 4% or Ps.11.9 billion quarter over quarter ("QoQ")
totaling Ps.349 billion and decreased 8% or Ps.32.1 billion year
over year ("YoY"). In the quarter, within consumer loans, Credit
card loans stood out; with a 9% increase QoQ,
meanwhile within commercial loans Overdrafts stood out with an 8%
increase QoQ. In FY2021 Pledged loans stood out with a 49%
increase.
- In 4Q21, Banco Macro's total deposits decreased 1% or Ps.8.7
billion QoQ, totaling Ps.588.9 billion and representing 78% of the
Bank's total liabilities. Private sector deposits decreased 1% or
Ps.5.7 billion QoQ. In FY2021, within private sector deposits, both
time and demand deposits decreased 24% and 7% respectively
YoY.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.197.8 billion, 36.1% regulatory capital
ratio – Basel III and 30.9% Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 90% of its
total deposits in 4Q21.
- In 4Q21, the Bank's non-performing to total financing ratio
was 1.3% and the coverage ratio improved to
209.61%.
4Q21 Earnings Release Conference Call
Thursday, February 24, 2022
Time: 11:00 a.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
Webcast Replay: click
here
Available from 02/24/2022 through 03/10/2022
IR Contacts in Buenos
Aires:
Jorge Scarinci
Chief
Financial Officer
Nicolás A. Torres
Investor Relations
Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
Visit our website at: www.macro.com.ar/relaciones-inversores
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SOURCE Banco Macro S.A.