BUENOS
AIRES, Argentina, Aug. 24,
2022 /PRNewswire/ -- Banco Macro S.A. (NYSE:
BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced
today its results for the second quarter ended June 30, 2022 ("2Q22"). 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 2021 have been restated applying IAS 29 to reflect the
accumulated effect of the inflation adjustment for each period
through June 30, 2022.
Summary
- The Bank's net income totaled Ps.4.1 billion in
2Q22. This result was 41% lower than the Ps.7 billion
posted in 1Q22 and 45% lower than the result registered in 2Q21. As
of 2Q22, the accumulated annualized return on average equity
("ROAE") and the accumulated annualized return on average assets
("ROAA") were 7.1% and 1.7%, respectively.
- In 2Q22 Net Operating Income (before G&A and personnel
expenses) totaled Ps.81.3 billion, 8% or Ps.6 billion higher than
in 1Q22 and 26% or Ps.16.6 billion higher than the same period of
last year.
- In 2Q22 Operating Income (after G&A and personnel
expenses) totaled Ps.44.5 billion, 4% or Ps.1.6 billion higher than
in 1Q22 and 39% or Ps.12.6 billion higher than the same period of
last year.
- In 2Q22, Banco Macro's financing to the private sector
increased 2% or Ps.9.9 billion quarter over quarter ("QoQ")
totaling Ps.446 billion and increased 2% or Ps.6.9 billion year
over year ("YoY").
- In 2Q22, Banco Macro's total deposits increased 8% or
Ps.63.4 billion QoQ, totaling Ps.858.2 billion and representing 83%
of the Bank's total liabilities. Private sector deposits increased
10% or Ps.72.1 billion YoY.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.284.3 billion, 40.5% regulatory capital
ratio – Basel III and 35.9% Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 90% of its
total deposits in 2Q22.
- In 2Q22, the Bank's non-performing to total financing ratio
was 1.25% and the coverage ratio reached 159.71%.
2Q22 Earnings Release
Conference Call
Thursday, August 25,
2022
Time: 11:00 a.m. Eastern Time |
12:00 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 08/25/2022
through 09/08/2022
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.