Mensajepor MAGICBOX » Mié Feb 19, 2014 7:03 pm
Banco Macro Announces Results for the Fourth Quarter of 2013<BMA.BA>
19-Feb-2014 18:51
* The Bank's net income totaled Ps.953.4 million in 4Q13. This result was 67%
higher than the Ps.571.9 million reported in the third quarter of 2013 ("3Q13")
and 124% higher than the Ps.425.8 million posted in the fourth quarter of 2012
("4Q12"). In 4Q13, the accumulated return on average equity ("ROAE") and the
accumulated return on average assets ("ROAA") were 33.3% and 4.6%, respectively.
* In 4Q13, Banco Macro's financing to the private sector grew 7% or Ps.2.4
billion quarter over quarter ("QoQ") totaling Ps.39.5 billion. Commercial loans
showed better performance than consumer loans. Among commercial loans, pledge
and mortgages loans (mainly productive investments loans with mortgage and
pledge guarantees respectively, according to Communication "A" 5319, "A" 5380
and "A" 5449 of BCRA), grew 22% and 20% QoQ, respectively. Credit cards and
personal loans rose 19% and 7% QoQ, respectively.
* In 4Q13, Banco Macro's total deposits grew 4% QoQ, totaling Ps.43.4 billion
and representing 86% of the Bank's total liabilities. Private sector deposits
grew 9% QoQ.
* Banco Macro continued showing a strong solvency ratio, with excess capital of
Ps.4.2 billion (25.3% capitalization ratio). In addition, the Bank's liquid
assets remained at an adequate level, reaching 33.3% of its total deposits in
4Q13.
* In 4Q13, the Bank's non-performing to total financing ratio was 1.7% and the
coverage ratio reached 149.06%.
4Q13 Earnings Release Conference Call
Thursday, February 20, 2014
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time
