Results for the Third Quarter of 2018

27 nov 2018

• The Bank’s net income totaled Ps.3.8 billion in 3Q18.This result was 22% higher than the Ps.3.1 billion posted in 2Q18 and 39% higher than in 3Q17. In 3Q18, the accumulated annualized return on average equity ("ROAE") and the accumulated annualized return on average assets ("ROAA") were 27.8 % and 5.6%, respectively.
• In 3Q18, Banco Macro’s financing to the private sector grew 11% or Ps.16.7 billion quarter over quarter ("QoQ") totaling Ps.167.9 billion and increased 43% or Ps.50.7 billion year over year ("YoY"). In the quarter, growth was driven by commercial loans, among which Overdrafts, Others and Documents stand out, which grew 52%, 31% and 14% QoQ, respectively. Meanwhile within consumer loans, mortgage loans and personal loans rose 9% and 3% QoQ, respectively.
• In 3Q18, the efficiency ratio reached 39.1%, better than the 41.9% posted in 2Q18 and the 41.6% in 3Q17.
• In 3Q18, Banco Macro’s total deposits grew 18% QoQ, totaling Ps.212.6 billion and representing 82% of the Bank’s total liabilities. Private sector deposits grew 20% QoQ.
• Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.44.1 billion 26.4% regulatory capital ratio - Basel III and 18.9% Tier 1 Ratio. In addition, the Bank’s liquid assets remained at an adequate level, reaching 51.7% of its total deposits in 3Q18.
• In 3Q18, the Bank’s non-performing to total financing ratio was 1.63% and the coverage ratio reached 131.05%. Banco Macro continued showing outstanding asset quality metrics, with one of the lowest non-performing to total financing ratio in the industry.