BMA Banco Macro

[rinkel]

Banco Macro Announces Results for the Fourth Quarter of 2009

BUENOS AIRES, Argentina, Feb. 11 /PRNewswire-FirstCall/ -- Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2009 ("4Q09"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

SUMMARY

-- The Bank's net income totalled Ps.241.8 million. This result was 31% higher than the Ps.184.1 million posted for the fourth quarter of 2008 ("4Q08") and 27% higher than the Ps.190.9 million earned in 3Q09. The annualized 4Q09 ROAE and ROAA were 30.2% and 3.8%, respectively.

-- In 4Q09, the Bank's net financial income was Ps.585.1 million, increasing 3% year to year ("YoY"). In addition, Banco Macro's operating income rose 33% YoY to Ps.316.5 million from Ps. 237.8 million.

-- Banco Macro's loans to private sector grew 2% quarter to quarter ("QoQ"), or Ps.186.9 million, with a recovery in consumer lending (credit card loans rose 12% and consumer loans grew 4%) and a 6% increase in discounted documents.

-- Total deposits grew 17%, or Ps. 2,764.5 million YoY, totalling Ps.18.6 billion and representing 79% of the Bank's total liabilities. Total deposits remained stable QoQ with a 3% increase in private sector deposits offset by a 11% decline in public sector deposits.

-- Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.2.4 billion (27.4% capitalization ratio) in 4Q09. In addition, the Bank's liquid assets remained at a high level, reaching 60.6% of its total deposits at December 31, 2009.

-- In 4Q09, the Bank's non-performing to total financing ratio reached 3.2% and the coverage ratio was 116.1%.

A longer version of this press release with detailed information is available on our web site: www.macro.com.ar

QUARTERLY CONFERENCE CALL

[bullbear]

Bien Rinkel, De a poco pero sube!!! Por ahora salvamos las comiciones, después estará nuestra ganancia!

[rinkel]

9,85.........voy a festejar solo parece..... bull...

[rinkel]

9,80 operado......salimos parece.....el efecto hipotecario gano mas de lo previsto

[rinkel]

es el efecto moreno el que ronda

[rinkel]

ese comprador de 20.000 esta solamente corriendo el ganado (manijeando)

[bullbear]

Rinkel, soy yo que compré ayer a 9,6 esperando los 11 en cuaestión de minutos :110: Este papel cada vez que lo compré....terminé casi casi como pamtrola

[rinkel]

que durazno...pero esta en verde ya

[rinkel]

entre en papeles a 9,45

[rinkel]

ADR BMA 24,81 -1,16%

[manu]

Burgos, el BMA gano en dos meses de este ultimo trimestre 169 millones
El ultimo trimestre (que por lo menos los ultimos años viene siendo el mejor) del año pasado gano 185 millones.
Yo creo que en cuanto a resultados va a ser el mejor trimestral del banco por lejos (rondara +o- en 240 millones).
Si se da un trimestral con ese resultado ganaria en el año 750 millones lo que te da un price earning de 7.6 años
Saludos

[turkini]

Sabes cuando sale?? el de ggal hoy