BUENOS AIRES, Argentina, Feb. 18, 2015 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2014 ("4Q14"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

Summary


    --  The Bank's net income totaled Ps.575 million in 4Q14. This result was
        42% lower than the Ps.985.5 million reported in the third quarter of
        2014 ("3Q14") and 40% lower than the Ps.953.4 million posted in the
        fourth quarter of 2013 ("4Q13"). In 4Q14, the accumulated return on
        average equity ("ROAE") and the accumulated return on average assets
        ("ROAA") were 33.4% and 5.1%, respectively. Banco Macro´s net result
        for 2014 totaled Ps.3.5 billion, 42% higher than the in 2013.


    --  In 4Q14, Banco Macro's financing to the private sector grew 6% or Ps.2.3
        billion quarter over quarter ("QoQ") totaling Ps.44.3 billion. Among
        commercial loans, documents and pledge loans (mainly productive
        investments loans through factoring and pledge guarantee loans
        respectively, according to Communication "A" 5319, "A" 5380, "A" 5449,
        "A" 5516 and "A" 5600 and it´s corresponding modifications of BCRA),
        grew 12% and 10% QoQ, respectively. Meanwhile within consumer loans,
        credit cards and personal loans rose 23% and 7% QoQ, respectively.


    --  In 4Q14, Banco Macro's total deposits grew 3% QoQ, totaling Ps.54.7
        billion and representing 86% of the Bank's total liabilities. Private
        sector deposits grew 7% QoQ.


    --  Banco Macro continued showing a strong solvency ratio, with excess
        capital of Ps.5.9 billion (24% capitalization ratio). In addition, the
        Bank's liquid assets remained at an adequate level, reaching 41% of its
        total deposits in 4Q14.


    --  In 4Q14, the Bank's non-performing to total financing ratio was 1.92%
        and the coverage ratio reached 135.32%.

4Q14 Earnings Release Conference Call

Thursday, February 19, 2015
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time

To participate, please dial:
Argentine Participants: (0800) 444 2930
U.S. Participants: +1 (877) 317 6776
Participants from outside the U.S.:
+1 (412) 317 6776

Conference ID: Banco Macro
Webcast: click here

Webcast Replay: click here
Available from 2/19/2015 through 3/5/2015

With the presence of: Jorge Pablo Brito (Member of the Executive Committee), Guillermo Goldberg (Commercial Deputy General Manager) and Jorge Scarinci (Finance and IR Manager).

IR Contacts in Buenos Aires:

Jorge Scarinci
Finance & IR Manager

Ines Lanusse
Investor Relations

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-fourth-quarter-of-2014-300038130.html

SOURCE Banco Macro S.A.