SUMMARY
-- The Bank's net income totaled Ps.163.2 million. This result was 1% higher than the Ps.161.0 million posted for the second quarter of 2008 ("2Q08"). The annualized 2Q09 ROAE and ROAA were 22.0% and 2.7%, respectively.
-- In 2Q09, the Bank's net financial income was Ps.604.7 million, increasing 52% year to year ("YoY"). In addition, Banco Macro's operating income rose 90% YoY to Ps.412.7 million.
-- Banco Macro's financing to the private sector grew 2% quarter to quarter ("QoQ"), or Ps.181.6 million. Discounted documents, loans to SMEs and export-financing led QoQ loan book expansion.
-- In 2Q09, total deposits grew 3% QoQ, totaling Ps.17.7 billion and representing 80% of the Bank's liabilities. The quarterly deposit growth was led by a 15% increase in private sector current accounts.
-- Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.1.9 billion (24.6% capitalization ratio) in 2Q09. In addition, the Bank's liquid assets remained at a high level, reaching 55.3% of its total deposits.
-- In 2Q09, the Bank's non-performing to total financing ratio reached 3.40% and the coverage ratio was 104.94%.
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SOURCE Banco Macro S.A.