BUENOS
AIRES, Argentina, Aug. 23,
2023 /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, 2023 ("2Q23"). 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. For ease
of comparison, figures of previous quarters of 2022 and 2023 have
been restated applying IAS 29 to reflect the accumulated effect of
the inflation adjustment for each period through June 30, 2023.
Summary
- The Bank's net income totaled Ps.44.2 billion in
2Q23. This result was 265% higher than the Ps.12.1
billion posted in 1Q23 and 394% higher than the Ps.8.9 billion
posted in 2Q22. In 2Q23, the accumulated annualized return on
average equity ("ROAE") and the accumulated annualized return on
average assets ("ROAA") were 15.5% and 3.9%, respectively.
- In 2Q23 Operating Income (before G&A and personnel
expenses) totaled Ps.264.1 billion, 27% or Ps.56.4 billion higher
than in 1Q23 and 50% or Ps.88.5 billion higher than the same period
of last year.
- In 2Q23 Operating Income (after G&A and personnel
expenses) totaled Ps.173.1 billion, 35% or Ps.44.4 billion higher
than in 1Q23 and 81% or Ps.77.2 billion higher than the same period
of last year.
- In 2Q23, Banco Macro's total financing increased 3% or
Ps.29.5 billion quarter over quarter ("QoQ") totaling Ps.893.2
billion and decreased 8% or Ps.75.9 billion year over year
("YoY").
- In 2Q23, Banco Macro's total deposits increased 5% or
Ps.90.2 billion QoQ and increased 3% or Ps.52.8 billion YoY,
totaling Ps.1.9 trillion and representing 81% of the Bank's total
liabilities. Private sector deposits increased 6% or Ps.94.7
billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.570.7 billion, 35.9% regulatory capital
ratio – Basel III and 33 % Tier 1 Ratio. In addition, the Bank's
liquid assets remained at an adequate level, reaching 95% of its
total deposits in 2Q23.
- In 2Q23, the Bank's non-performing to total financing ratio
was 1.37% and the coverage ratio remained stable at
146.05%.
- As of 2Q23, through its 462 branches and 7.797 employees
Banco Macro serves 4.7 million retail customers (1.8 million
digital customers) across 23 of the 24 Provinces in Argentina and over 123,700 corporate
customers.
2Q23 Earnings Release Conference Call
Friday, August 25, 2023
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 08/25/2023 through
09/08/2023
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.