Welcome to our dedicated page for Banco Macro news (Ticker: BMA), a resource for investors and traders seeking the latest updates and insights on Banco Macro stock.
Banco Macro S.A. reports news as an Argentine bank whose ADRs trade on the NYSE under BMA and whose shares trade on ByMA. Company updates center on quarterly results, annual Form 20-F filings, and operating disclosures for retail, entrepreneur, corporate, and provincial-government banking customers in Argentina.
Recurring announcements also cover capital actions and market-facing matters, including share repurchase programs, note offerings under its medium-term note program, dividend-related disclosures, governance updates, and ADR or exchange-listing events.
Banco Macro S.A. (NYSE: BMA) reported its 2Q20 results, showing a net income of Ps.6.4 billion, a 14% decrease from 1Q20 but a 111% increase from 2Q19. The bank's financing to the private sector fell 5% QoQ, while total deposits rose 24% QoQ, totaling Ps.406 billion. The solvency ratio remains strong with excess capital of Ps.101.8 billion. However, the efficiency ratio worsened to 41.6% from 39.8% in 1Q20, and the non-performing loans ratio was 1.52%, although the coverage ratio improved to 210%.