Buenos Aires, Argentina, November 24, 2021 / PRNewswire / – Banco Macro SA (NYSE: BMA; BYMA: BMA) (“Banco Macro” or “BMA” or the “Bank”) today announced its results for the third quarter ended September 30, 2021 (“3Q21”). All figures are in Argentine pesos (Ps.) And have been restated to reflect the unit of measure in effect at the end of the reporting period. In 1Q20, the Bank started to publish its results by applying hyperinflation accounting, in accordance with IFRS IAS 29 established by the Central Bank. For ease of comparison, the figures for the previous quarters of 2020 have been restated applying IAS 29 to reflect the cumulative effect of the inflation adjustment for each period up to September 30, 2021.
Summary
- The Bank’s net income totaled 7.4 billion pesos in 3Q21. This result is 46% higher than the result posted in 2Q21 and similar to that recorded in 2Q20. In 3Q21, the cumulative annualized return on average equity (“ROAE”) and annualized return on average assets (“ROAA”) were 10% and 2.2%, respectively. Total comprehensive income amounted to 7.4 billion pesos, 40% more than in 2Q21 and 13% less than a year ago.
- In 3Q21, Banco Macro’s financing to the private sector increased by 5% or 13.3 billion pesos over a quarter (“QoQ”) for a total of 305.9 billion pesos and decreased by 14% or 48, 2 pesos. billion years in a year (“Annual”). Within commercial loans, overdrafts and others stand out with a respective increase of 14% and 26%; As for consumer loans, pledged loans and credit card loans stand out with an increase of 46% and 3% respectively.
- In 3Q21, Banco Macro’s total deposits increased by 1% or 4.1 billion pesos per quarter, for a total of 542.1 billion pesos and representing 78% of the total liabilities of the Bank. Private sector deposits increased 1% or Ps.6.6 billion QoQ.
- Banco Macro continued to post a strong solvency ratio, with excess capital of 183 billion pesos, a regulatory capital ratio of 37.2% – Basel III and a Tier 1 ratio of 30.4%. 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 funding ratio to total funding was 1.67% and the coverage ratio reached 175.9%.
Conference call on the publication of 3Q21 results
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 connect (free of charge):
+1 (844) 450 3847
International calls from participants:
+1 (412) 317 6370
Conference ID: Banco Macro
Webcast: click here
Webcast replay: click here
Available from 11/29/2021 to 12/13/2021
Infrared contacts in Buenos Aires:
Jorge Scarinci
Financial director
Nicolas A. Torres
Investor Relations
Telephone: (54 11) 5222 6682
Email: [email protected]
Visit our website at: www.macro.com.ar/relaciones-inversores
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SOURCE Banco Macro SA
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