BUENOS
AIRES, Argentina, Feb. 23,
2023 /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, 2022 ("4Q23"). 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 and 2022 have been restated applying IAS 29 to reflect the
accumulated effect of the inflation adjustment for each period
through December 31, 2022.
Summary
- The Bank's net income totaled Ps.16.6 billion in
4Q22. This result was 59% higher than the Ps.10.4
billion posted in 3Q22 and 19% lower than the Ps.20.5 billion
posted in 4Q21. Net Income for FY2022 totaled Ps.43 billion,
19% lower than the Ps.52.8 posted in FY2021. In 4Q22, the
annualized return on average equity ("ROAE") and the annualized
return on average assets ("ROAA") were 16.9% and 3.3%,
respectively.
- In 4Q22 Operating Income (after G&A and personnel
expenses) totaled Ps.78.2 billion, 79% or Ps.34.6 billion higher
than in the same period of last year.
- In 4Q22, Banco Macro's financing to the private sector
increased
Ps.2
billion quarter over quarter ("QoQ") totaling Ps.596.4 billion and
decreased 12% or Ps.83.4 billion year over year ("YoY"). In FY2022
peso financing decreased 14% while USD financing decreased 30%.
- In 4Q22, Banco Macro's total deposits decreased 2% or
Ps.23.5 billion QoQ and increased 13% or Ps.148.4 billion YoY,
totaling Ps.1.3 trillion and representing 82% of the Bank's total
liabilities. Private sector deposits increased 2% or Ps.24.5
billion QoQ. In FY2022, private sector deposits stand out with a
14% increase (within private sector deposits time deposits grew 28%
compared to FY2021)
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.410.3 billion, 39.9% regulatory capital
ratio – Basel III and 36.6% Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 95% of its
total deposits in 4Q22.
- In 4Q22, the Bank's non-performing to total financing ratio
was 1.25% and the coverage ratio remained stable at 151.69%.
- As of 4Q22, through its 467 branches and 7.781 employees
Banco Macro serves 4.6 million retail customers (1.6 million
digital customers) across 23 of the 24 Provinces in Argentina and over 111,700 corporate
customers.
4Q22 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 02/24/2023 through
03/10/2023
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.