Banco Macro Announces Results for the Second Quarter of 2021
- The Bank's net income totaled Ps.4.6 billion in 2Q21. This result was 90% higher than the result posted in 1Q21 and 50% lower than in 2Q20. In 2Q21, the accumulated annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 7.8% and 1.7%, respectively. Total comprehensive income was Ps.4.8 billion, 57% higher than in 1Q21.
Banco Macro'sfinancing to the private sector decreased 7% or Ps.20 billion quarter over quarter ("QoQ") totaling Ps.267.8 billion and 19% or Ps.61.7. billion year over year ("YoY").
Banco Macro'stotal deposits decreased 3% or Ps.15.1 billion QoQ, totaling Ps.492.3 billion and representing 78% of the Bank's total liabilities. Private sector deposits decreased 1% or Ps.5.2 billion QoQ.
Banco Macrocontinued showing a strong solvency ratio, with an excess capital of Ps.167 billion, 38.3% regulatory capital ratio – Basel III and 30.9% Tier 1 Ratio. In addition, the Bank's liquid assets remained at an adequate level, reaching 93% of its total deposits in 2Q21.
- In 2Q21, the Bank's non-performing to total financing ratio was 1.68% and the coverage ratio reached 212.91%.
2Q21 Earnings Release Conference Call
To participate, please dial:
(011) 3984 5677
Participants Dial In (Toll Free):
+1 (844) 450 3847
Participants International Dial In:
+1 (412) 317 6370
Webcast: click here
IR Contacts in
Chief Financial Officer
Phone: (54 11) 5222 6682
Visit our website at: www.macro.com.ar/relaciones-inversores