SUMMARY -- The Bank's net income totalled Ps.168.7 million. This result was 92%, or Ps.80.7 million, higher than 3Q07's Ps.88.0 million. The annualized 4Q07 ROAE and ROAA reached 26.2% and 3.5%, respectively. FY2007 net income amounted to Ps.495.2 million, or Ps.71 million (17%), above FY2006 net income of Ps.424.3 million. -- Banco Macro's 2007 operating result of Ps.545.4 million climbed Ps.138.1 million, or 34%, compared to 2006's operating result of Ps.407.3 million. -- The Bank's net interest income was Ps.358.7 million, increasing 54% quarter on quarter ("QoQ"), on the back of higher bonds' and loans' interest income. -- Banco Macro's financing to the private sector also showed an attractive growth of 8% QoQ, or Ps.742.7 million and 63% YoY, or Ps.3.83 billion. Personal loans, which represent a strategic product for the Bank, once again led private loan portfolio growth. This product grew 16% QoQ and 124% YoY. -- Total deposits picked up 1% QoQ, or Ps.118.6 million, totalling Ps.13.6 billion and represented 80% of the Bank's liabilities. The highest growth in private sector funding was in sight deposits (current accounts, 10%, and saving accounts, 7%). -- Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.1.81 billion (26.8% capitalization ratio). In addition, the Bank's liquid assets remained at a high level, reaching 55.1% of total deposits. -- In 4Q07, Banco Macro's PDLs to total loans ratio was 1.53% and the coverage ratio reached 164.3%.
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 the day after
tomorrow,
(877) 852-6561 (Within the U.S.)
(719) 325-4748 (Outside the U.S.)
Conference ID: 4798375
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.