- The Bank's net income totaled Ps.457.9 million in 1Q13. This result was 8% higher than the Ps.425.8 million reported in the fourth quarter of 2012 ("4Q12") and 41% higher than the Ps.323.8 million posted in the first quarter of 2012 ("1Q12"). In 1Q13, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 28.4% and 3.7%, respectively.
- In 1Q13, Banco Macro's financing to the private sector grew 5% or Ps.1.5 billion quarter over quarter ("QoQ") totaling Ps.33.4 billion. Commercial loans showed the best performance. Among commercial loans, overdrafts, pledge and mortgages loans (mainly productive investments loans with mortgage and pledge guarantees respectively, according to Communication "A" 5319 of BCRA) grew 24%, 6% and 6% QoQ , respectively. Among consumer loans, personal loans and credit cards loans rose 6% and 3% QoQ, respectively.
- In 1Q13, Banco Macro's total deposits grew 8% QoQ, totaling Ps.39.1 billion and representing 87% 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.2.5 billion (20,2% capitalization ratio). In addition, the Bank's liquid assets remained at an adequate level, reaching 32.7% of its total deposits in 1Q13.
- In 1Q13, the Bank's non-performing to total financing ratio was 1.72% and the coverage ratio reached 156.2%.
Banco Macro Announces Results For The First Quarter Of 2013
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