Banco Macro S.A.(BMA) - 2023 Q1 - Quarterly Report
Banco Macro S.A.(BMA)2023-05-23 16:00As 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 ...