SUMMARY
-- The Bank's net income totaled Ps.190.9 million. This result was 17% higher than the Ps.163.3 million posted for the third quarter of 2008 ("3Q08"). The annualized 3Q09 ROAE and ROAA were 25.5% and 3.1%, respectively.
-- In 3Q09, the Bank's net financial income was Ps.662.5 million, increasing 80% year to year ("YoY"). In addition, Banco Macro's operating income rose 89% YoY to Ps.413.8 million.
-- Banco Macro's financing to the private sector grew 2% quarter to quarter ("QoQ"), or Ps.184.5 million, led by consumer loans, mortgages and discounted documents.
-- In 3Q09, total deposits grew 5% QoQ, totaling Ps.18.5 billion and representing 80% of the Bank's liabilities. The quarterly deposit growth was led by checking accounts and time deposits from the private sector.
-- Banco Macro continued showing a strong solvency ratio, with excess capital of Ps.2.1 billion (25.3% capitalization ratio) in 3Q09. In addition, the Bank's liquid assets remained at a high level, reaching 59.7% of its total deposits.
-- In 3Q09, the Bank's non-performing to total financing ratio reached 3.1% and the coverage ratio was 116%.
A longer version of this press release with detailed information is available on our web site: http://www.macro.com.ar
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SOURCE Banco Macro S.A.