Banco Macro Announces Results for the Fourth Quarter of 2021
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Wednesday, February 23, 2022
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BUENOS AIRES, Argentina, Feb. 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2021 ("4Q21").
Key Points:
- BUENOS AIRES, Argentina, Feb. 23, 2022 /PRNewswire/ -- Banco Macro S.A. (NYSE: BMA; BYMA: BMA) ("Banco Macro" or "BMA" or the "Bank") announced today its results for the fourth quarter ended December 31, 2021 ("4Q21").
- As of 1Q20, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank.
- In 4Q21, Banco Macro's financing to the private sector increased 4% or Ps.11.9 billion quarter over quarter ("QoQ") totaling Ps.349 billion and decreased 8% or Ps.32.1 billion year over year ("YoY").
- In 4Q21, Banco Macro's total deposits decreased 1% or Ps.8.7 billion QoQ, totaling Ps.588.9 billion and representing 78% of the Bank's total liabilities.