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Banco Macro announces Results for the First Quarter of 2014 (solo en Inglés)


Banco Macro announces Results for the First Quarter of 2014

Buenos Aires, Argentina, May 8, 2014 - Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2014 ("1Q14"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

Summary

. The Bank‘s net income totaled Ps.1.2 billion in 1Q14. This result was 24% higher than the Ps.953.3 million reported in the fourth quarter of 2013 ("4Q13") and 159% higher than the Ps.457.9 million posted in the first quarter of 2013 ("1Q13").

. In 1Q14, Banco Macro‘s financing to the private sector grew 1% or Ps.569.9 million quarter over quarter ("QoQ") totaling Ps.40.1 billion. Among consumer loans, credit cards grew 5% QoQ, while within commercial loans, overdrafts grew 4% QoQ.

. In 1Q14, Banco Macro‘s total deposits grew 8% QoQ, totaling Ps.46.9 billion and representing 80% of the Bank‘s total liabilities. Private sector deposits grew 7% QoQ.

. Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.4.9 billion (22.7% capitalization ratio). In addition, the Bank‘s liquid assets remained at an adequate level, reaching 40.3% of its total deposits in 1Q14.

. In 1Q14, the Bank‘s non-performing to total financing ratio was 1.88% and the coverage ratio reached 137.21%.

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Quaterly Conference Call


Monday, May 12, 2014
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial

Argentine Participants: (0800) 444 2930
U.S. Participants: +1 (877) 317 6776
Participants from outside the U.S.: +1 (412) 317 6776
Conference ID: Banco Macro
Webcast: click here

Webcast Replay: click here
Available from May 12 through May 26, 2014

The conference call will have the presence of Jorge Pablo Brito (Member of the Executive Committee), Guillermo Goldberg (Commercial Deputy General Manager), Jorge Scarinci (Finance and Investor Relations Manager) and Ines Lanusse (Investor Relations Officer).


Contacto

Teléfono: (5411) 5222 6682
E-mail: investorelations@macro.com.ar

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