BUENOS AIRES, Argentina, April 21, 2016 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the first quarter ended March 31, 2016 ("1Q16"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

Summary


    --  The Bank's net income totaled Ps.1.4 billion in 1Q16. This result was
        26% higher than the Ps.1.1 billion posted in the first quarter of 2016
        ("1Q15"). In 1Q16, the accumulated annualized return on average equity
        ("ROAE") and the accumulated annualized return on average assets
        ("ROAA") were 33.3% and 5.1%, respectively.
    --  In 1Q16, Banco Macro's financing to the private sector decreased
        Ps.218.8 million quarter over quarter ("QoQ") totaling Ps.62.7 billion
        but grew 30% year over year ("YoY"). Among consumer loans, growth was
        driven by personal loans and credit cards which grew 6% and 1% QoQ,
        respectively. Meanwhile within commercial loans, during 1Q16, Banco
        Macro granted Ps.1.9 billion loans regarding the "Credit Line for
        Productive Financing and Financial Inclusion" program.
    --  In 1Q16, Banco Macro's total deposits grew 9% QoQ, totaling Ps.83.8
        billion and representing 85% of the Bank's total liabilities. Private
        sector deposits grew 11% QoQ.
    --  Banco Macro continued showing a strong solvency ratio, with excess
        capital of Ps.8.7 billion (23.5% capitalization ratio). In addition, the
        Bank's liquid assets remained at an adequate level, reaching 44.4% of
        its total deposits in 1Q16.
    --  In 1Q16, the Bank's non-performing to total financing ratio was 1.53%
        and the coverage ratio reached 151.47%.

1Q16 Earnings Release Conference Call



    Monday, April 25, 2016
    Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

                                                                  Webcast
                                                                  Replay:
                                                                  click here

    To participate, please dial:

                                                                          Available
                                                                                from
                                                                          04/25/2016
                                                                             through
    Argentine Participants: (0800) 444 2930                               05/09/2016


    U.S. Participants: +1 (844) 839 2185

    Participants from outside the U.S.: +1 (412) 317
     2506

    Conference ID: Banco Macro
                                                                 Webcast: click here





    With the presence of: Jorge Pablo
     Brito (Member of the Executive
     Committee), Guillermo Goldberg
     (Financial Deputy General
     Manager), Jorge Scarinci (Finance
     and IR Manager) and Ines Lanusse
     (Investro Relations).
    ----------------------------------

IR Contacts in Buenos Aires:
Jorge Scarinci
Finance & IR Manager

Ines Lanusse
Investor Relations Officer

Phone: (54 11) 5222 6682
E-mail: investorelations@macro.com.ar
Visit our website at: www.ri-macro.com.ar

To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/banco-macro-announces-results-for-the-first-quarter-of-2016-300255760.html

SOURCE Banco Macro S.A.