BUENOS AIRES, Argentina, Aug. 9, 2016 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BCBA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the second quarter ended June 30, 2016 ("2Q16"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

Summary


    --  The Bank's net income totaled Ps.1.8 billion in 2Q16. This result was
        28% higher than the Ps.1.4 billion posted in the first quarter of 2016
        ("1Q16") and 119% higher than the Ps.824.2 million posted in the second
        quarter of 2015 ("2Q15"). In 2Q16, the accumulated annualized return on
        average equity ("ROAE") and the accumulated annualized return on average
        assets ("ROAA") were 36.7% and 5.7%, respectively.
    --  In 2Q16, Banco Macro's financing to the private sector grew 13% or
        Ps.8.0 billion quarter over quarter ("QoQ") totaling Ps.70.7 billion,
        and grew 37% or 19.2 billion, year over year ("YoY"). In the quarter,
        commercial lines stand out, among which, Overdrafts and Documents grew
        71% and 38% QoQ, respectively. Among consumer loans, growth was driven
        by credit cards and personal loans which grew 8% and 5% QoQ,
        respectively. As of June 2016, Banco Macro has granted Ps.2.1 billion
        loans, regarding the "Credit Line for Productive Financing and Financial
        Inclusion" program.
    --  In 2Q16, Banco Macro's total deposits grew 9% QoQ, totaling Ps.90.9
        billion and representing 83% of the Bank's total liabilities. Private
        sector deposits grew 8% QoQ.
    --  Banco Macro continued showing a strong solvency ratio, with an excess
        capital of Ps.9.0 billion (22.5% capitalization ratio/ 16.2% regulatory
        capital - Basel III). In addition, the Bank's liquid assets remained at
        an adequate level, reaching 41% of its total deposits in 2Q16.
    --  In 2Q16, the Bank's non-performing to total financing ratio was 1.52%
        and the coverage ratio reached 150.51%.

2Q16 Earnings Release Conference Call

Wednesday, August 10, 2016
Time: 11:00 a.m. Eastern Time | 12:00 p.m. Buenos Aires Time

To participate, please dial:
Argentine Participants: (0800) 444 2930
U.S. Participants: +1 (844) 839 2185
Participants from outside the U.S.:
+1 (412) 317 2506

Conference ID: Banco Macro
Webcast: click here

Webcast Replay: click here
Available from 08/10/2016 through 08/24/2016

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

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SOURCE Banco Macro S.A.