BUENOS AIRES, Argentina, Nov. 9, 2016 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the third quarter ended September 30, 2016 ("3Q16"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

Summary




    --  The Bank's net income totaled Ps.1.6 billion in 3Q16. This result was
        48% higher than the Ps.1.1 billion posted in the third quarter of 2015
        ("3Q15"). In 3Q16, the accumulated annualized return on average equity
        ("ROAE") and the accumulated annualized return on average assets
        ("ROAA") were 35.2% and 5.4%, respectively.


    --  In 3Q16, Banco Macro's financing to the private sector grew 8% or Ps.5.7
        billion quarter over quarter ("QoQ") totaling Ps.76.5 billion, and grew
        35% or 19.7 billion, year over year ("YoY"). In the quarter, commercial
        lines stand out, among which, Documents and Overdrafts grew 26% and 16%
        QoQ, respectively. Among consumer loans, growth was driven by personal
        loans and credit cards which grew 6% and 2% QoQ, respectively. As of
        September 2016, Banco Macro has granted Ps.3.7 billion loans, regarding
        the "Credit Line for Productive Financing and Financial Inclusion"
        program.


    --  In 3Q16, Banco Macro's total deposits grew 12% QoQ, totaling Ps.101.9
        billion and representing 88% of the Bank's total liabilities. Private
        sector deposits grew 9% QoQ.


    --  Banco Macro continued showing a strong solvency ratio, with an excess
        capital of Ps.10.5 billion (23.6% capitalization ratio/ 17.3% regulatory
        capital - Basel III). In addition, the Bank's liquid assets remained at
        an adequate level, reaching 44.7% of its total deposits in 3Q16.
    --  In 3Q16, the Bank's non-performing to total financing ratio was 1.46%
        and the coverage ratio reached 155.15%.

3Q16 Earnings Release Conference Call




    Thursday, November 10, 2016
    Time: 10:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time


    To participate, please dial:

    Argentine Participants: (0800) 444
     2930                                 Webcast Replay: click here

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

    Participants from outside the            Available from 11/10/2016
     U.S.:                                          through 11/24/2016
    +1 (412) 317 2506


    Conference ID: Banco Macro

        Webcast: click here


    With the presence of: Jorge Pablo Brito (Director), Gustavo
     Manriquez (General Manager), Jorge Scarinci (Finance and IR
     Manager) and Ines Lanusse (Head of Investor Relations).
    ------------------------------------------------------------


    IR Contacts in Buenos Aires:
    ----------------------------


    Jorge Scarinci

    Finance & IR Manager


    Ines Lanusse
    Head of 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-third-quarter-of-2016-300360103.html

SOURCE Banco Macro S.A.