BUENOS AIRES, Argentina, Aug. 4 /PRNewswire-FirstCall/ -- Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2010 ("2Q10"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

SUMMARY

    --  The Bank's net income totalled Ps.222.1 million in 2Q10. This result was
        36% higher than the Ps.163.2 million posted for the second quarter of
        2009 ("2Q09") and 10% lower than result accounted for the first quarter
        of 2010 ("1Q10"). The annualized first half 2010 ("1H10") return on
        average equity ("ROAE") and return on average assets ("ROAA") were 26.8%
        and 3.3%, respectively.
    --  In 2Q10, the Bank's net financial income was Ps.496.7 million,
        decreasing 24% quarter on quarter ("QoQ") due to lower income from
        government and private securities.  Excluding said securities results,
        net financial income would have increased 5% QoQ.
    --  In 2Q10, Banco Macro's financing to private sector grew 7% or Ps.871.9
        million QoQ. This growth was led by consumer loans which rose 10% and
        "other loans" (including pre - export financing and commercial loans to
        small and medium size companies (SMEs)) which grew 12%.
    --  Total deposits grew 9% QoQ, totalling Ps.21.3 billion and representing
        80% of the Bank's total liabilities. Private sector deposits grew 6% in
        2Q10.
    --  In 2Q10, the Bank's non-performing to total financing ratio improved to
        2.5% and the coverage ratio was 123.9%, compared to 3.0% and 118.6%,
        respectively, accounted in 1Q10.
    --  Banco Macro continued showing a strong solvency ratio, with excess
        capital of Ps.2.5 billion (27.1% capitalization ratio) after having paid
        a cash dividend for an amount of Ps.208 million. In addition, the Bank's
        liquid assets remained at a high level, reaching 58.8% of its total
        deposits in 2Q10.

A longer version of this press release with detailed information is available on our web site: www.macro.com.ar

QUARTERLY CONFERENCE CALL

A conference call to discuss this press release will be held on August 5, 2010 at 12:00 p.m. Buenos Aires time (11:00 a.m., New York time), with the presence of Jorge Pablo Brito (Member of the Executive Committee), Guillermo Stanley (Board member), Guillermo Goldberg (Deputy General Manager) and Jorge Scarinci, (Finance and Investor Relations Manager). Dial in information:



                          (800) 967-7185 (Within the U.S.)
                         (719) 457-2654 (Outside the U.S.)
                               Conference ID: 4984243




    INVESTOR RELATIONS CONTACTS:

    In Buenos Aires:
    Jorge Scarinci, CFA
    Finance and Investor Relations Manager
    Tel: +5411-5222-6730
    E-mail: investorelations@macro.com.ar
     visit our website at: www.macro.com.ar
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SOURCE Banco Macro S.A.