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Argentina
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Banco Macro S.A.

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco Macro S.A.

Previous name(s)
Banco Macro Bansud S.A. (2006)
Banco Macro S.A. (2002)

Headquarters
Sarmiento 447; Buenos Aires (City); Federal Capital
Status: Listed
Legal Form: Limited Liability Partnership
Operational Status: Operational
Fiscal ID (CUIT): 30500010084
Fiscal ID (ISIN CODE ): ARBANS010010
Financial Auditors: Ernst & Young (2011)
Total Employees: 7,306

Tel: +54 11 4348 6887

Company Description

Argentina's Banco Macro offers banking products and services to individuals, companies, corporations, non-financial and government sectors. It offers products and services such as savings and checking accounts, time deposits, credit and debit cards, consumer loans, mortgage loans, auto loans and credit-related services. The bank operates a network of 408 branches throughout the country. Macro Bank was founded in 1976 and is headquartered in Buenos Aires.

Company Analysis

According to the Individual - Non-Audited financial statement for the first nine cumulated months of 2012, total net operating revenues increased with 55.06%, from ARS 2,903,923 thousands to ARS 4,502,872 thousands. Operating result increased from ARS 1,099,330 thousands to ARS 1,564,141 thousands which means 42.28% change. The results of the period increased 28.71% reaching ARS 1,067,856 thousands at the end of the period against ARS 829,668 thousands last year. Return on equity (Net income/Total equity) went from 18.61% to 18.50%, the Return On Asset (Net income / Total Asset) went from 2.37% to 2.44% and the Net Profit Margin (Net Income/Net Sales) went from 28.57% to 23.71% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 656.60% compared to 686.18% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.18 to 1.19 when compared to the previous year.

Key Executives

Chrystian Colombo Substitute Director
Ernesto Eduardo Medina Substitute Director
Maria Belen Franchini Substitute Director
Santiago Brito Substitute Director
Santiago Horacio Seeber Substitute Director
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Balance Sheet

Total Assets

48,378,995

48,089,804

Current Assets

43,592,723

41,294,388

Total Liabilities

42,128,545

42,269,376

Current Liabilities

39,973,630

40,352,289

* All the accounts are in ARS.
Income Statement

Operational Profit (Loss)

2,320,310

1,784,808

Net Profit (Loss)

1,493,618

1,067,856

* All the accounts are in ARS.
Ratios
Profitability Ratios

Return on Assets (ROA)

3.09%

2.22%

Annualised Return on Assets (ROA)

3.09%

2.96%

Return on Sales (ROS)

297.56%

279.19%

Operating Profit Margin

33.61%

35.82%

Efficiency Ratios

Asset Turnover

0.14x

0.10x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

2,320,310

1,784,808

Bookvalue (BV)

5,961,919

5,537,008

Leverage Ratios

Debt to total assets

87.08%

87.9%

Trend Ratios

Revenue Trend

146.94%

154.39%

Net Income Trend

127%

128.71%

Operating Income Trend

131.88%

143.82%