BANCO MACRO S.A. 
By SUMMARY
-- The Bank's net income totaled Ps.156.0 million. This result was 3% higher than the Ps.151.6 million posted for the first quarter of 2008 ("1Q08"). The annualized 1Q09 ROAE and ROAA were 21.7% and 2.6%, respectively.
-- The Bank's net financial income was Ps.496.7 million, increasing 40% year to year ("YoY"). Banco Macro's operating income rose 74% YoY to Ps.309.5 million.
-- Banco Macro's financing to the private sector grew 11% YoY, or Ps.1.2 billion. Loans to SMEs and export-financing led the expansion with a 28% YoY growth, while personal loans, which represent a strategic product for the Bank, grew 8% YoY.
-- Total deposits grew 9%, or Ps.1.5 billion quarter to quarter (QoQ), totaling Ps.17.3 billion and representing 79% of the Bank's liabilities. The growth in QoQ deposits was led by private sector CDs (21% increase).
-- Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.1.90 billion (24.6% capitalization ratio). In addition, the Bank's liquid assets remained at a high level, reaching 56.0% of its total deposits.
-- The Bank's non-performing loans to total loans ratio was 3.06% and the coverage ratio reached 121.16%.
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
Dial in information:
(877) 719-9795 (Within the U.S.)
(719) 325-4838 (Outside the U.S.)
Conference ID: 4061819
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
SOURCE Banco Macro S.A.
