BUENOS AIRES, Argentina,
Nov. 24, 2021 /PRNewswire/ -- Banco
Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the
"Bank") announced today its results for the third quarter ended
September 30, 2021 ("3Q21").
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 September 30,
2021.
Summary
- The Bank's net income totaled Ps.7.4 billion in 3Q21.
This result was 46% higher than the result posted in 2Q21 and
similar to the one registered in 2Q20. In 3Q21, the accumulated
annualized return on average equity ("ROAE") and the annualized
return on average assets ("ROAA") were 10% and 2.2%, respectively.
Total comprehensive income was Ps.7.4 billion, 40% higher than in
2Q21 and 13% lower than a year ago.
- In 3Q21, Banco Macro's financing to the private sector
increased 5% or Ps.13.3 billion quarter over quarter ("QoQ")
totaling Ps.305.9 billion and decreased 14% or Ps.48.2. billion
year over year ("YoY"). Within commercial lending Overdrafts and
Others stand out with a 14% and 26% increase respectively;
meanwhile within consumer lending pledged loans and credit card
loans stand out with a 46% and 3% increase respectively.
- In 3Q21, Banco Macro's total deposits increased 1% or Ps.4.1
billion QoQ, totaling Ps.542.1 billion and representing 78% of the
Bank's total liabilities. Private sector deposits increased 1% or
Ps.6.6 billion QoQ.
- Banco Macro continued showing a strong solvency ratio, with
an excess capital of Ps.183 billion, 37.2% regulatory capital ratio
– Basel III and 30.4% Tier 1 Ratio. In addition, the Bank's liquid
assets remained at an adequate level, reaching 90% of its total
deposits in 3Q21.
- In 3Q21, the Bank's non-performing to total financing ratio
was 1.67% and the coverage ratio reached 175.9%.
3Q21 Earnings Release Conference Call
Monday, November 29, 2021
Time: 11:00 a.m. Eastern Time |
1:00 p.m. Buenos Aires Time
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 11/29/2021 through
12/13/2021
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.