Banco Macro SA (ADR) (N:BMA)
Business Focus: Banks
| Sector: Financials | Industry: Banks |
| Company Contact | |
| Address: | Madero Eduardo Av. 1182 BUENOS AIRES 1106 |
| Tel: | N/A |
| Website: | https://www.macro.com.ar |
| IR: | See website |
| Key People | ||
| Jorge Pablo Brito Chairman of the Board | Claudio Norberto Colace Manager - Information Security | Carlos Alberto Giovanelli Vice Chairman of the Board |
| Jorge Francisco Scarinci Chief Financial Officer, Manager - Investor Relations | Ana Maria Magdalena Marcet Manager - Credit Risk | Ernesto Lopez Manager - Legal |
| Gustavo Alejandro Manriquez General Manager | Francisco Muro Manager - Distribution and Sales | Gerardo Adrian Alvarez Manager - Human Resources and Administration | Brian Anthony Manager - Commercial Banking, Management Control and Strategic Planning |
| Business Overview |
| Banco Macro SA is an Argentina-based public company that offers traditional banking products and services to companies, including those operating in regional economies, and individuals, thus strengthening its goal to operate as a multiservice bank. Through other companies in the group, the Company also renders services as trustee agent and director and manager of mutual funds, as well as stock exchange services. The Company began the process of acquiring entities, assets and liabilities as part of the privatization of provincial banks and other banking institutions. The Company and Worldline Argentina SA entered into a joint venture agreement with Siemens Itron Business Servicies SA, to be jointly controlled by both companies, for the purpose of facilitating the development of a tax management data processing center, modernizing the existing tax collection systems and processes used by the Province of Salta, and managing and recovering municipal taxes and fees. |
| Financial Overview |
| For the fiscal year ended 31 December 2023, Banco Macro SA (ADR) interest income increased from P$612.47B to P$2.45. Net interest income after loan loss provision increased from P$298.77B to P$783.4B. Net income increased from P$43.04B to P$587.3B. Net interest income after loan loss provision reflects Banking segment increase from P$0K to P$783.4B. |
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