23. COMMISSIONS INCOME 25. OTHER OPERATING INCOME 26. EMPLOYEE BENEFITS | --- | --- | --- | |-----------------------------------------------------------------------------------------------------------------|------------|------------| | Composition | 03/31/2023 | 03/31/2022 | | Turnover tax | 13,993,971 | 11,339,648 | | From credit cards | 5,149,418 | 4,886,225 | | Charges for other provisions | 661,986 | 874,105 | | Deposit guarantee fund contributions | 606,291 | 561,131 | | Other adjustments and interests ...

As explained in note 1, on October 1, 2021, the Bank acquired an investment in Fintech SGR. Even though the Bank holds 49.9939% of Class B shares held by the protector partners, and the 24.99% in the total capital stock of this company, the Bank has the power to direct Fintech's relevant activities. Therefore, the Bank controls this structured entity and consolidates its Financial Statements together with the risk funds ("Fondo de Riesgo"). The Bank considers the Argentine peso as its functional and present ...

Banco Macro S.A. (NYSE:BMA) Q1 2023 Earnings Conference Call May 18, 2023 11:00 AM ET Nicolas Torres - Investor Relations Gustavo Manriquez - Chief Executive Officer Brian Flores - Citibank Carlos Gomez - HSBC Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Banco Macro's 1Q '23 Earnings Conference Call. We would like to inform you that 1Q '23 press release is available to download at the Investor Relations website of Banco Macro at www.macro. ...

Portfolio Composition - The portfolio composition from Corporate Banking shows a decline in corporate companies from 31% in 2020 to 10% in 2022, while agricultural companies increased from 25% to 34% in the same period[109]. Credit Risk Management - The Credit Risk Department has implemented a risk rating model that evaluates both quantitative and qualitative factors for individual and corporate clients, enhancing the efficiency of the credit risk rating process[113]. - The credit risk management system includes automated tools for calculating key performance indicators to monitor business changes according to the defined risk appetite[113]. - Argentine banks must maintain minimum credit provisions based on client risk categories, with "Irrecoverable" loans requiring a 50% provision for those with preferred guarantees and 100% for those without[135]. - The minimum credit provisions for "With high risk of insolvency" loans are set at 25% with preferred guarantees and 50% without[135]. - The classification of borrowers includes categories such as Normal Situation, Low Risk, Medium Risk, and High Risk based on overdue periods[165]. - Loans classified as irrecoverable are those with payment obligations overdue for more than 180 days[166]. - An additional allowance of Ps. 1,837 million was recorded as of December 31, 2022, due to uncertainties in credit risk and macroeconomic conditions[294]. Regulatory Framework - The Central Bank's Communication "A" 6885 regulates Payment Service Providers (PSPs) and mandates registration for those offering payment accounts[123]. - The Argentine Productive Financing Law No. 27,440 modernized the legal framework of the Argentine capital markets, impacting various financial laws and regulations[115]. - The Central Bank's guidelines for corporate governance now include a requirement for gender parity in financial institutions[124]. - The Anti-Money Laundering and Terrorism Financing Regime was established to combat illicit financial activities, with the UIF designated as the enforcement authority[125]. - The UIF updated provisions regarding Politically Exposed Persons (PEPs) with Resolution 35/2023, effective April 1, 2023, requiring risk evaluation after a two-year PEP status[132]. - The Central Bank has established a framework for Fintech operations, defining Payment Service Providers and regulating their activities[146]. - The Central Bank and CNV are designated as "Specific Control Agencies" to oversee compliance with AML/CFT procedures, with the authority to supervise and inspect reporting subjects[152]. - Resolution UIF 14/2023, effective from April 1, 2023, nullifies previous regulations and establishes new guidelines for managing money laundering and terrorist financing risks[152]. - Financial institutions are prohibited from maintaining anonymous accounts or accounts under fictitious names, with explicit measures required for foreign Politically Exposed Persons (PEPs)[152]. Economic Conditions - The inflation rate for the fiscal year ended December 31, 2022, was 94.79%, compared to 50.94% in 2021 and 36.14% in 2020[206]. - The Argentine economy has experienced significant volatility, characterized by high inflation and currency devaluation, affecting overall growth prospects[201]. - High inflation levels in Argentina could have long-term adverse consequences for the economy[223]. - The Argentine economy is vulnerable to external shocks, including geopolitical tensions and global economic instability, which could negatively impact capital flows[215]. - The purchasing power of wages in Argentina decreased by approximately 2.43 points from January to December 2022, reflecting the impact of high inflation[230]. - Consumer price inflation in Argentina was 94.8% in 2022, with estimates for 2023 projected at 110%[251]. - The gap between the official exchange rate and informal rates has widened to around 100% due to exchange controls[248]. Financial Performance - As of December 31, 2022, Banco Macro had total assets of Ps. 2,090,120.2 million (U.S.$ 11,800.0 million) and total loans of Ps. 598,600.9 million (U.S.$ 3,379.5 million)[282]. - The bank's total deposits reached Ps. 1,295,395.1 million (U.S.$ 7,313.3 million) with approximately 4.6 million retail customers and 0.1 million corporate customers[282]. - Banco Macro's shareholders' equity increased from Ps. 445,581 million in 2020 to Ps. 512,229 million in 2022, reflecting a growth of 14.8%[283]. - The bank's competitive position includes being ranked first in terms of branches and second in terms of equity among private banks in Argentina as of September 30, 2022[282]. - The bank's strategy focuses on increasing fee income and loan origination targeting low- and middle-income individuals and SMEs, which are vulnerable to economic recessions[293]. Government Policies - The Argentine government reinstated exchange controls on September 1, 2019, affecting access to the foreign exchange market for various purposes[174]. - The Argentine government has implemented various monetary and fiscal measures to mitigate the adverse effects of the COVID-19 pandemic, including lower reserve requirements and tax reductions[255]. - The fiscal deficit of the Argentine government was Ps. 1,955,140.8 million in 2022, up from Ps. 1,407,641 million in 2021, indicating a significant increase in public expenditure[252]. - Public spending rose to Ps. 13,191,168 million in 2022, compared to Ps. 7,733,816 million in 2021, reflecting a substantial increase in government financial commitments[252]. Shareholder Information - Significant shareholders, Security Trust JHB BMA and Delfín Jorge Ezequiel Carballo, own a combined total of 110,473,881 Class B shares, which could influence major decisions within the company[265]. - Shareholders may have preemptive rights to subscribe to new shares during capital increases, but U.S. holders of Class B shares or ADSs may not exercise these rights unless a registration statement is effective[301]. Market Conditions - The bank does not expect the recent instability in the global banking system to negatively impact its operations[202]. - Changes in liquidity conditions in the Argentine financial system could adversely affect the company's business performance and funding sources[272]. - The trading prices of ADSs and Class B shares may differ across markets, potentially leading to arbitrage opportunities and unexpected volatility[302]. - A significant portion of the company's assets is located outside the United States, complicating the enforcement of U.S. court judgments against the company or its directors[304].

Banco Macro S.A. (NYSE:BMA) Q4 2022 Earnings Conference Call February 24, 2023 11:00 AM ET Company Representatives Gustavo Manriquez - Chief Executive Officer Jorge Scarinci - Chief Financial Officer Nicolas Torres - Investor Relations Conference Call Participants Ernesto Gabilondo - Bank of America Brian Flores - Citibank Yuri Fernandes - JP Morgan Carlos Gomez - HSBC Rodrigo Nistor - Latin Securities Operator Good morning ladies and gentlemen and thank you for waiting. At this time we would like to welcom ...

Banco Macro S.A. (NYSE:BMA) Q3 2022 Earnings Conference Call November 28, 2022 11:00 AM ET Company Participants Nicolas Torres - Investor Relations Jorge Scarinci - Chief Financial Officer Conference Call Participants Alonso Garcia - Credit Suisse Nicolas Riva - Bank of America Alejandra Aranda - Itau Carlos Gomez - HSBC Santiago Petri - Franklin Templeton Operator Good morning ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Banco Macro's Third Quarter 202 ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 September 29, 2022 Commission File Number: 001-32827 MACRO BANK INC. (Translation of registrant's name into English) Av. Eduardo Madero 1182 Buenos Aires C1106ACY Tel: 54 11 5222 6500 (Address of registrant's principal executive of ices) Indicate by check mark whether the registrant files or will file annual reports under cover of For ...

Banco Macro S.A. (NYSE:BMA) Q2 2022 Earnings Conference Call August 25, 2022 11:00 AM ET Company Participants Nicolas Torres - Investor Relations Jorge Scarinci - Chief Financial Officer Conference Call Participants Ernesto Gabilondo - Bank of America Merrill Lynch Nicolas Riva - Bank of America Merrill Lynch Operator Good morning, ladies and gentlemen, and thank you for waiting. At this time, we would like to welcome everyone to Banco Macro's Second Quarter 2022 Earnings Conference Call. We would like to i ...

SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 UNDER THE SECURITIES EXCHANGE ACT OF 1934 July 15, 2022 Commission File Number: 001-32827 MACRO BANK INC. (Translation of registrant's name into English) Av. Eduardo Madero 1182 Buenos Aires C1106ACY Tel: 54 11 5222 6500 (Address of registrant's principal executive of ices) Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20- ...

Financial Performance - Net income for the fiscal year 2021 was 27,123,243 thousand pesos, a decrease of 26.3% compared to 36,782,238 thousand pesos in 2020[16]. - Basic earnings per share for 2021 were 42.4178 pesos, down from 57.5242 pesos in 2020, representing a decline of 26.2%[18]. - Total comprehensive income for the fiscal year 2021 was 28,296,932 thousand pesos, compared to 38,197,944 thousand pesos in 2020, a decrease of 25.9%[19]. - Net interest income decreased to 130,998,318 thousand pesos in 2021 from 145,275,725 thousand pesos in 2020, reflecting a decline of 9.1%[16]. - Net commissions income slightly decreased to 33,453,124 thousand pesos in 2021 from 34,256,918 thousand pesos in 2020, a decline of 2.3%[16]. - The allowance for loan losses improved significantly, decreasing to 2,455,271 thousand pesos in 2021 from 12,079,536 thousand pesos in 2020, a reduction of 79.7%[16]. - Profit from the measurement of financial instruments at fair value through profit or loss increased to 19,808,759 thousand pesos in 2021 from 16,734,723 thousand pesos in 2020, an increase of 18.4%[16]. Assets and Liabilities - Total assets as of December 31, 2021, amounted to ARS 997,701,274, a decrease of 14.14% from ARS 1,162,101,462 in 2020[12]. - Total liabilities decreased to 997,701,274 thousand pesos in 2021 from 1,162,101,462 thousand pesos in 2020, a reduction of 14.2%[15]. - Cash and deposits in banks decreased to ARS 172,332,578 from ARS 196,175,043, reflecting a decline of 12.13%[12]. - Loans and other financing decreased to ARS 352,361,199 from ARS 388,413,137, representing a reduction of 9.28%[12]. - Debt securities at fair value through profit or loss decreased significantly to ARS 32,406,588 from ARS 82,991,433, a decline of 60.91%[12]. - Non-financial private sector loans decreased to ARS 348,474,933 from ARS 380,205,763, a decrease of 8.34%[12]. - Total cash used in financing activities was 8,592,495 thousand pesos in 2021, a decrease from 10,351,273 thousand pesos in 2020[24]. - Cash and cash equivalents at the end of the fiscal year 2021 were 309,931,902 thousand pesos, down from 397,889,304 thousand pesos at the end of 2020[24]. - The company experienced a net decrease in cash and cash equivalents of 87,957,402 thousand pesos for the fiscal year 2021[24]. Equity and Retained Earnings - The company reported total equity of 238,606,410 thousand pesos at the end of the fiscal year, an increase from 223,515,580 thousand pesos at the beginning of the year[21]. - The company’s unappropriated retained earnings at the end of the fiscal year were (39,612,575) thousand pesos, reflecting accumulated losses[21]. - The company’s total controlling interests increased to 238,568,528 thousand pesos by the end of the fiscal year 2021[21]. - Equity attributable to the owners of the Bank increased to 238,568,528 thousand pesos as of December 31, 2021, up from 223,512,758 thousand pesos in 2020, reflecting a growth of about 6.5%[105]. Government Deposits - As of December 31, 2021, deposits held by the Misiones Provincial Government with Banco Macro amounted to Ps. 9,072,397, a decrease from Ps. 24,512,527 in 2020[36]. - Deposits held by the Salta Provincial Government with Banco Macro increased to Ps. 6,455,729 in 2021 from Ps. 5,701,168 in 2020[40]. - Deposits held by the Jujuy Provincial Government with Banco Macro decreased to Ps. 8,427,277 in 2021 from Ps. 16,468,955 in 2020[42]. - Deposits held by the Tucumán Provincial Government and municipalities with Banco Macro amounted to Ps. 17,504,996 in 2021, down from Ps. 21,546,127 in 2020[44]. Investments and Acquisitions - Banco Macro's interest in Play Digital SA increased to 10.020% after capital contributions totaling Ps. 253,557 in 2020 and 2021[31]. - Banco Macro acquired a 24.99% equity interest in Fintech SGR for Ps. 33,488, enhancing its control over credit access for small and medium-sized enterprises[32]. - The Bank purchased 50% of Finova SA for Ps. 50,850, aimed at developing a digital credit negotiation platform for small and medium-sized companies[33]. Accounting and Financial Reporting - The consolidated financial statements were prepared in accordance with IFRS, with adjustments for hyperinflationary effects as per IAS 29[61]. - The three-year cumulative inflation rate in Argentina exceeded 100%, necessitating the application of hyperinflation accounting standards[62]. - The inflation rate was 50.94% for the fiscal year ended December 31, 2021, compared to 36.14% for 2020[64]. - Non-monetary items carried at historical cost are restated by an index reflecting price variation, impacting income or loss related to depreciation and amortization[69]. - The Bank's management confirmed no additional companies or structured entities were included in the consolidated financial statements as of December 31, 2021[108]. Financial Instruments and Risk Management - Financial assets at fair value through profit or loss were recognized at fair value, with changes in fair value recorded under "Net gain from measurement of financial instruments at fair value through profit or loss"[135]. - The Bank's business model for financial assets is categorized into three classifications: at amortized cost, at fair value through other comprehensive income, and at fair value through profit or loss[115]. - The effective interest method is used for financial assets at amortized cost, which considers expected credit losses[144]. - The Bank measures loans and other financing at amortized cost using the effective interest method, with a loss allowance for expected credit losses (ECL) deducted[150]. - The ECL is based on credit losses expected over the lifetime of a financial asset unless there is no significant increase in credit risk, in which case a 12-month ECL is used[152]. - Financial instruments are categorized into three stages: Stage 1 (12-month ECL), Stage 2 (lifetime ECL for significant credit risk increase), and Stage 3 (lifetime ECL for credit-impaired instruments)[158][159][160]. - The Bank calculates ECL using parameters such as Probability of Default (PD), Exposure at Default (EAD), and Loss Given Default (LGD)[163][164][165]. - The Bank assesses collateral to mitigate risks, using various forms such as cash, securities, and real estate, which affects ECL calculations[188][189]. - The ECL for debt instruments measured at fair value through other comprehensive income does not reduce their carrying amount but is recognized in "Other comprehensive income"[180]. - The Bank recognizes a loss allowance for ECL based on macroeconomic variables, weighing different scenarios to adjust historical information[176][177]. Going Concern and Management Confidence - The Bank's management is confident in its ability to continue as a going concern, with no material uncertainties identified[51].