BUENOS AIRES, Argentina,
Aug. 25, 2021 /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, 2021 ("2Q21"). 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 2020 have been restated applying IAS 29 to
reflect the accumulated effect of the inflation adjustment for each
period through June 30, 2021.
Summary
- The Bank's net income totaled Ps.4.6 billion in
2Q21. This result was 90% higher than the result
posted in 1Q21 and 50% lower than in 2Q20. In 2Q21, the accumulated
annualized return on average equity ("ROAE") and the annualized
return on average assets ("ROAA") were 7.8% and 1.7%, respectively.
Total comprehensive income was Ps.4.8 billion, 57% higher
than in 1Q21.
- In 2Q21, Banco Macro's financing to the private sector
decreased 7% or Ps.20 billion quarter over quarter ("QoQ") totaling
Ps.267.8 billion and 19% or Ps.61.7. billion year over year
("YoY").
- In 2Q21, Banco Macro's total deposits decreased 3% or
Ps.15.1 billion QoQ, totaling Ps.492.3 billion and representing 78%
of the Bank's total liabilities. Private sector deposits decreased
1% or Ps.5.2 billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.167 billion, 38.3% regulatory capital ratio
– Basel III and 30.9% Tier 1 Ratio. In addition, the Bank's liquid
assets remained at an adequate level, reaching 93% of its total
deposits in 2Q21.
- In 2Q21, the Bank's non-performing to total financing ratio
was 1.68% and the coverage ratio reached 212.91%.
2Q21 Earnings Release Conference Call
Thursday, August 26, 2021
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 08/26/2021 through 09/09/2021
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.