Buenos Aires, Argentina, February 23, 2022 – 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”).  All figures are in Argentine pesos (Ps.) and have been restated in terms of the measuring unit current at the end of the reporting period. As of January 2020, the Bank began reporting results applying Hyperinflation Accounting, in accordance with IFRS IAS 29 as established by the Central Bank. For ease of comparison, figures of previous quarters of 2020 and 2021 have been restated applying IAS 29 to reflect the accumulated effect of the inflation adjustment for each period through December 31, 2021.

Summary

•The Bank’s net income totaled Ps.10.5 billion in 4Q21. This result was 30% higher than the Ps.8.1 billion posted in 3Q21 and 120% higher than in 4Q20. In 4Q21, the accumulated annualized return on average equity (“ROAE”) and the accumulated annualized return on average assets (“ROAA”) were 12.2% and 2.8%, respectively.  Net Income for FY2021 totaled Ps.27.1 billion, 26% lower than the Ps.36.8 posted in FY2020. Total Comprehensive Income for FY2021 totaled Ps.28.3 billion, 26% lower than in FY2020.

•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 the quarter, within consumer loans, Credit card loans stood out; with a 9% increase QoQ, meanwhile within commercial loans Overdrafts stood out with an 8% increase QoQ. In FY2021 Pledged loans stood out with a 49% increase. 

•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. Private sector deposits decreased 1% or Ps.5.7 billion QoQ. In FY2021, within private sector deposits, both time and demand deposits decreased 24% and 7% respectively YoY. 

•Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.197.8 billion, 36.1% regulatory capital ratio – Basel III and 30.9% Tier 1 Ratio. In addition, the Bank’s liquid assets remained at an adequate level, reaching 90% of its total deposits in 4Q21.

•In 4Q21, the Bank’s non-performing to total financing ratio was 1.3% and the coverage ratio improved to 209.61%. 

This press release includes statements concerning potential future events involving Banco Macro that could differ materially from the events that actually occur. The differences could be caused by a number of risks, uncertainties and factors relating to Banco Macro's business. Banco Macro will not update any forward-looking statements made in this press release to reflect future events or developments.

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Quarterly Conference Call

Thursday, February 24, 2022 
Time: 11:00 a.m. Eastern Time | 1:00 p.m. Buenos Aires Time

To participate, please dial

Argentine Participants: 011 3984 5677
Participants Dial In (Toll Free): +1 (844) 450 3847 
Participants International Dial In: +1 (412) 317 6370 
Conference ID: Banco Macro
Webcast: click here

Webcast Replay: click here
Available from February 24 through March 10, 2022

IR Contact in Buenos Aires:
Jorge Scarinci | Chief Financial Officer
Nicolás A. Torres|Investor Relations

E-mail: investorelations@macro.com.ar | Phone: (5411) 5222 6682

About 
Banco Macro S.A (NYSE: BMA; BYMA: BMA) is a universal bank, with focus in low & mid-income individuals and small & mid-sized companies. The Bank started operating in 1985 as non-banking financial institution and today has grown to be the private local bank with the largest branch network in the country.

For further information access www.macro.com.ar/relaciones-inversores