BUENOS
AIRES, Argentina, Aug. 22,
2024 /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, 2024 ("2Q24"). 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. For ease
of comparison, figures of previous quarters of 2023 and 2024 have
been restated applying IAS 29 to reflect the accumulated effect of
the inflation adjustment for each period through June 30, 2024.
Summary
- THE BANK'S NET INCOME totaled Ps.93.1 billion in the six
months ended June 30, 2024. This
result was 55% or Ps.115.9 billion lower 6M23. In 2Q24, the
accumulated annualized return on average equity ("ROAE") and the
accumulated annualized return on average assets ("ROAA") were 5.4%
and 1.7%, respectively.
- In the six months ended June 30,
2024, OPERATING INCOME (before G&A and personnel
expenses) totaled Ps.2.38 trillion, 36% or Ps.628.2 billion higher
than in 6M23.
- In 2Q24, OPERATING INCOME (after G&A and personnel
expenses) totaled Ps.99.1 billion, 93% or Ps.1.39 trillion lower
than in 1Q24 and 85% or Ps.544 billion lower than the same period
of last year.
- In 2Q24, BANCO MACRO'S TOTAL FINANCING increased 17% or
Ps.504.1 billion quarter over quarter ("QoQ") totaling Ps.3.47
trillion and increased 5% or Ps.154.5 billion year over year
("YoY"). In 2Q24 peso financing increased 7% while USD financing
remained unchanged.
- In 2Q24, BANCO MACRO'S TOTAL DEPOSITS increased 13% or
Ps.769.5 billion QoQ and decreased 5% or Ps.329.3 billion YoY,
totaling Ps.6.74 trillion and representing 79% of the Bank's total
liabilities. Private sector deposits increased 11% or Ps.591.5
billion QoQ. In 2Q24, Peso deposits increased 17% while USD
deposits decreased 6%.
- Banco Macro continued showing a strong solvency ratio, with
an EXCESS CAPITAL of Ps.2.36 trillion, 35.7% Capital Adequacy Ratio
– Basel III and 34 % Tier 1 Ratio. In addition, the Bank's LIQUID
ASSETS remained at an adequate level, reaching 98% of its total
deposits in 2Q24.
- In 2Q24, the Bank's NON-PERFORMING TO TOTAL FINANCING RATIO
was 1.23% and the COVERAGE RATIO reached 181.4%..
- As of 2Q24, through its 515 branches and 9.175 employees
Banco Macro serves 5.28 million retail customers (2.24 million
digital customers) across 23 of the 24 Provinces in Argentina and over 151,900 corporate
customers.
2Q24 Earnings Release Conference Call
Friday, August 23, 2024
Time: 12:00 p.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 08/24/2024 through
09/06/2024
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
View original
content:https://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-second-quarter-of-2024-302229119.html
SOURCE Banco Macro S.A.