[ + Watch Now + ]

Mobile Security Industry News

TMCNet:  Banco Macro Announces Results for the Fourth Quarter of 2012

[February 14, 2013]

Banco Macro Announces Results for the Fourth Quarter of 2012

BUENOS AIRES, Argentina, Feb. 14, 2013 /PRNewswire via COMTEX/ -- 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, 2012 ("4Q12"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.


Summary -- The Bank's net income totaled Ps.425.8 million in 4Q12. This result was 3% higher than the Ps.411.9 million reported in the third quarter of 2012 ("3Q12") and 23% higher than the Ps.346.4 million posted in the fourth quarter of 2011 ("4Q11"). In 4Q12, the annualized return on average equity ("ROAE") and the annualized return on average assets ("ROAA") were 27.8% and 3.5%, respectively.

-- In 4Q12, Banco Macro's financing to the private sector grew 9% or Ps.2.7 billion quarter over quarter ("QoQ") totaling Ps.31.9 billion. Commercial loans showed better performance than consumer loans. Among commercial loans, pledge and mortgages loans (mainly productive investments loans with mortgage and pledge guarantees respectively, according to Communication "A" 5319 of BCRA), grew 45% and 34% QoQ, respectively. Credit cards and personal loans rose 20% and 5% QoQ, respectively.

-- In 4Q12, Banco Macro's total deposits grew 4% QoQ, totaling Ps.36.2 billion and representing 86% of the Bank's total liabilities. Private sector deposits grew 5% QoQ.

-- Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.2.1 billion (19% capitalization ratio). In addition, the Bank's liquid assets remained at an adequate level, reaching 31.7% of its total deposits in 4Q12.

-- In 4Q12, the Bank's non-performing to total financing ratio was 1.78% and the coverage ratio reached 154.52%.

4Q12 Earnings Release Conference Call Friday, February 15, 2013 Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time To participate, please dial:Argentine Participants: (0800) 333 0511U.S. Participants: +1 (888) 772 8167 Participants from outside the U.S.: +1 (779) 232 1760 Conference ID: 89466293Webcast:click hereWebcast Replay: click hereAvailable from 2/15/2013 through 3/1/2013 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 ScarinciFinance & IR Manager Ines LanusseInvestor Relations Phone: (54 11) 5222 6682E-mail: investorelations@macro.com.ar Visit our website at: www.ri-macro.com.ar SOURCE Banco Macro S.A.

http://rt.prnewswire.com/rt.gif NewsItemId=MX60537&Transmission_Id=201302141656PR_NEWS_USPR_____MX60537&DateId=20130214

[ Back To Mobile Security Homepage's Homepage ]

Follow Us

  • Mobile Security - LinkedIn
  • Mobile Security - Youtube
  • Mobile Security - Facebook
  • Mobile Security - Twitter
  • Mobile Security - RSS Feed

Request a Demo

Weekly Demonstration: SAP Mobile Secure
Solution including SAP Afaria Cloud

Free 30-day Trial

Best MDM in the cloud. Best MDM
Analytics. Best MDM price.

Featured Whitepapers

What Is Your Mobile Content Policy? A Checklist for Content Risk Mitigation
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

SAP Enterprise Mobility: Bringing a Cohesive Approach to a Complex Market
Mobility and consumerization are creating complexity in the enterprise, but embracing the change can lead to more productive mobile workers as well as better communications with employees, partners, customers, and consumers. The trends in the enterprise mobility landscape drive a need for technology solutions to emerge.

Featured Datasheets

Securing Enterprise Mobility for Greater Competitive Advantage
We are living in a world that only 20 years ago was the realm of science fiction. Devices once just barely imaginable have become common consumer items, carried casually in pockets and purses, with constantly growing capabilities.

Secure Mobile Content Management for the Enterprise
Every day employees move business files onto their mobile devices so they can work at home, on the road, or at client sites. The mobile workforce is a reality, as 80% of employees say they need to access work documents from outside the office.1 Instead of insecure, consumer-based tools, enterprises need a safe, reliable platform for managing content on mobile devices.

Featured Webinar

Mobile Security - Mobile Drives Field Service Productivity at Satellites Unlimited

Mobile Drives Field Service Productivity at Satellites Unlimited
Field service has never been more competitive or faster changing than it is today. Going mobile is a must to stay ahead of the competition, provide improved services, and keep up with ever-increasing customer expectations.

Featured Webcast

Mobile Security - End to End Mobility Requirements: IDC and SAP explore the 3rd Platform

End to End Mobility Requirements: IDC and SAP explore the 3rd Platform
A new IDC study states that we're in the midst of a shift that takes place once every 20 - 25 years - introducing a new technology platform that will inspire growth and innovation for enterprises of all sizes. IDC calls it the 3rd Platform - built on mobile devices and apps, cloud services, mobile broadband networks, "Big Data", analytics, and social technologies.

Featured On-Demand Webinar

Mobile Security - Analyst Webcast: Secure Content Management in a Mobile Age

Analyst Webcast: Secure Content Management in a Mobile Age
Securing and managing content is taking on new importance as organizations try to cope with the explosion of business-oriented file sharing services while at the same time taking advantage of the proliferation of "smart" mobile devices.

Featured Infographics

Featured Press Releases