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
-- 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
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SOURCE Banco Macro S.A.