SUMMARY - The Bank's net income totalled Ps.151.6 million. This result was 23%, or Ps.28.4 million higher than 1Q07's Ps.123.2 million. The annualized 1Q08 ROAE and ROAA were 22.0% and 3.0%, respectively. - The Bank's net financial income was Ps.354.9 million, increasing 37% year to year ("YoY"). Operating income of Ps.177.7 million rose 27% YoY. - Banco Macro's financing to the private sector showed an attractive growth of 52% YoY, or Ps.3.3 billion and 4% QoQ, or Ps.342 million. Personal loans, which represent a strategic product for the Bank, once again led private loan portfolio growth. This product grew 10% QoQ and 100% YoY. - Total deposits grew 7%, or Ps.961.4 million QoQ, totalling Ps.14.5 billion and representing 78% of the Bank's liabilities. Quarterly deposit growth was led by private sector CDs (13%). - Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.1.83 billion (27.3% capitalization ratio). In addition, the Bank's liquid assets remained at a high level, reaching 55.2% of total deposits. - The Bank's non-performing loans to total loans ratio was 1.99% and the coverage ratio reached 128.3%.
A longer version of this press release with detailed information is available on our web site: http://www.macro.com.ar
QUARTERLY CONFERENCE CALL
A conference call to discuss this press release will be held on
(877) 718-5092 (Within the U.S.)
(719) 325-4803 (Outside the U.S.)
Conference ID: 2971848
INVESTOR RELATIONS CONTACTS:
In Buenos Aires:
Jorge Scarinci, CFA
Head of Investor Relations and Finance Manager
Tel: +5411-5222-6730
E-mail: investorelations@macro.com.ar
Visit the Bank's website at http://www.macro.com.ar
SOURCE Banco Macro S.A.