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: investorelations@macro.com.ar visit our website at: http://www.macro.com.ar/
Banco Macro S.A.
CONTACT: Buenos Aires: Jorge Scarinci, CFA, Finance and Investor
Relations Manager, Banco Macro, +011-54-11-5222-6730,
investorelations@macro.com.ar
Web site: http://www.macro.com.ar/
