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Stock impact report

Banco Macro Announces Results for the First Quarter of 2019

Banco Macro S.A. ADR (representing Ten Class B Common Shares) (BMA) 
Last banco macro s.a. adr (representing ten class b common shares) earnings: 2/19 05:15 pm Check Earnings Report
Company Research Source: PR Newswire
BUENOS AIRES, Argentina, May 9, 2019 /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, 2019 ("1Q19").  All figures are in Argentine pesos (Ps.) SummaryThe Bank's net income totaled Ps.7.3 billion in 1Q19. This result was 40% higher than the Ps.5.2 billion posted in 4Q18 and 106% higher than in 1Q18. In 1Q19, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 50 % and 8.4%, respectively. In 1Q19, Banco Macro's financing to the private sector grew 1% or Ps.1.1 billion quarter over quarter ("QoQ") totaling Ps.173 billion and increased 21% or Ps.30.6 billion year over year ("YoY"). In the quarter, growth was driven by commercial loans, among which Documents and Others stand out, with a 9% and 17% increase QoQ. Meanwhile within consumer loans, personal loans rose 1% QoQ. In 1Q19, the efficiency ratio r Show less Read more
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