This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Banco Macro Announces Results For The First Quarter Of 2012

BUENOS AIRES, Argentina, May 10, 2012 /PRNewswire/ -- 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, 2012 ("1Q12"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


  • The Bank's net income totaled Ps.323.8 million in 1Q12. This result was 7% lower than the Ps.346.4 million reported in the fourth quarter of 2011 ("4Q11") and 26% higher than the result posted in the first quarter 2011 ("1Q11"). In 1Q12, the annualized return on average equity ("ROAE") and an annualized return on average assets ("ROAA") were of 26.4% and 3.2%, respectively.
  • In 1Q12, the Bank's net financial income was Ps.892.5 million decreasing by 1% compared to 4Q11.
  • In 1Q12, Banco Macro's financing to the private sector grew 3% or Ps.710.1 million quarter over quarter ("QoQ") totaling Ps.25.3 billion, excluding liquidity administration credit lines. Both commercial and consumer loans continued showing growth. Among commercial loans, overdrafts and other loans grew 5% and 7% QoQ, respectively. Personal and credit cards loans rose 5% and 11% QoQ, respectively.
  • In 1Q12, Banco Macro's total deposits grew 12% QoQ, totaling Ps.32.7 billion and representing 81% of the Bank's total liabilities. Private sector deposits grew 8% in 1Q12, led by time deposits which increased 13%.  
  • In 1Q12, the Bank's non-performing to total financing ratio was 1.57% and the coverage ratio reached 160.7%.
  • Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.2.2 billion (18.3% capitalization ratio). In addition, the Bank's liquid assets remained at an adequate level, reaching 43.9% of its total deposits in 1Q12.

1Q12 Earnings Release Conference Call

Friday, May 11, 2012

Time: 10:00 a.m. Eastern Time | 11:00 a.m. Buenos Aires Time

To participate, please dial:

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs