Banco Macro Announces Results for the Third Quarter of 2009
05 November 2009 - 8:32AM
PR Newswire (US)
BUENOS AIRES, Argentina, Nov. 4 /PRNewswire-FirstCall/ -- Banco
Macro S.A. (NYSE: BMA; Buenos Aires: BMA) ("Banco Macro" or "BMA"
or the "Bank") announced today its results for the third quarter
ended September 30, 2009 ("3Q09"). All figures are in Argentine
pesos (Ps.) and have been prepared in accordance with Argentine
GAAP. SUMMARY -- The Bank's net income totaled Ps.190.9 million.
This result was 17% higher than the Ps.163.3 million posted for the
third quarter of 2008 ("3Q08"). The annualized 3Q09 ROAE and ROAA
were 25.5% and 3.1%, respectively. -- In 3Q09, the Bank's net
financial income was Ps.662.5 million, increasing 80% year to year
("YoY"). In addition, Banco Macro's operating income rose 89% YoY
to Ps.413.8 million. -- Banco Macro's financing to the private
sector grew 2% quarter to quarter ("QoQ"), or Ps.184.5 million, led
by consumer loans, mortgages and discounted documents. -- In 3Q09,
total deposits grew 5% QoQ, totaling Ps.18.5 billion and
representing 80% of the Bank's liabilities. The quarterly deposit
growth was led by checking accounts and time deposits from the
private sector. -- Banco Macro continued showing a strong solvency
ratio, with excess capital of Ps.2.1 billion (25.3% capitalization
ratio) in 3Q09. In addition, the Bank's liquid assets remained at a
high level, reaching 59.7% of its total deposits. -- In 3Q09, the
Bank's non-performing to total financing ratio reached 3.1% and the
coverage ratio was 116%. 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 November 5, 2009
at 12:00 p.m. Buenos Aires time (10:00 a.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: (800) 909-5202 (Within the
U.S.) (785) 830-7975 (Outside the U.S.) Conference ID: 3070543
INVESTOR RELATIONS CONTACTS: In Buenos Aires: Jorge Scarinci, CFA
Finance and Investor Relations Manager Tel: +5411-5222-6730 E-mail:
Visit our website at: http://www.macro.com.ar/ DATASOURCE: Banco
Macro S.A. CONTACT: In Buenos Aires: Jorge Scarinci, CFA, Finance
and Investor Relations Manager, Banco Macro, +011-5411-5222-6730,
Web site: http://www.macro.com.ar/
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