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Banco Macro S.A. - Company Capsule by ICDResearch

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									Banco Macro S.A.

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Banco Macro S.A. - Company Capsule
Reference Code: FS0008CC
Published Date: April 2011




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Banco Macro S.A. - Company Capsule                                                  Page 1
Banco Macro S.A.

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Banco Macro S.A. - Company Overview

Banco Macro S.A. (BMA) together with its subsidiaries provides a range of traditional commercial banking products and
services. The bank provides its products and services to individuals, entrepreneurs, small and medium-sized companies,
corporate customers and governments as well as to low and medium-income individuals and companies operating in
regional economies in Argentina. The bank through its branch network offers various retail products and services
including time deposits, auto loans, checking and savings accounts, consumer finance loans, credit and debit cards,
housing loans, overdrafts, credit-related products, home and auto insurance coverage, tax collection and utility payments,
automated teller machines and money transfer services. It operates through 416 branches, 803 ATMs and internet
banking services throughout the Argentina. The bank is headquartered in Buenos Aires, Argentina.


Financial Performance

The company reported interest income of ARS 3,860.45 during the year December 31, 2009. The company's interest
income grew at a CAGR of 42.90% during the period 2007-2009 with a year on year growth of 27.41% over fiscal year
2008. During the fiscal year 2009, its operating margin was 36.68% as against the operating margin of 30.52% in the
fiscal year 2008. During the fiscal year2009, the company’s net profit margin was 19.48% as against the net profit margin
of21.78% in the fiscal year 2008.




Banco Macro S.A. - Key Facts

Banco Macro S.A., Key Facts

                                  Sarmiento 447, Buenos Aires, , ,                              BSUD (Buenos Aires Stock
                                                                     Ticker Symbol, Stock
Corporate Address:                Argentina
                                                                                                Exchange)BSUD5 (Buenos Aires
                                                                     Exchange                   Stock Exchange)



Telephone                          + 54 11 52226624                  No. of Employees           2,152



Fax                               N/A                                Financial Year End         December



URL                               www.macro.com.ar                   Revenue (in ARS Million)   3,860.45



Industry                          Financial Services                 Revenue (in USD Million)   1,032.21



Locations                         Argentina

Source: Annual Report, Company Website, Primary and Secondary Research




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Banco Macro S.A. - Company Capsule                                                                                  Page 2
Banco Macro S.A.

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Banco Macro S.A. - Major Products and Services

Banco Macro S.A.is an Argentinean commercial bank. The company’s key products include the following:

Banco Macro S.A., Major Products and Services
Products:

Retail banking

Business banking

Internet banking

Insurance

Asset management

Investments

Offshore banking

Stock exchange operations/trading
Source: Annual Report, Company Website, Primary and Secondary Research




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Banco Macro S.A. - Company Capsule                                                                     Page 3
Banco Macro S.A.

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Banco Macro S.A. - Key Competitors

The following companies are the major competitors of Banco Macro S.A.:

Banco de Galicia y Buenos Aires SA

Banco Santander Rio SA

Grupo Financiero Galicia S.A.

Banco Patagonia Sa

Banco Rio de la Plata S.A.

BBVA Banco Frances S.A.




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Banco Macro S.A. - Company Capsule                                                  Page 4
Banco Macro S.A.

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Banco Macro S.A. - Key Employees

Banco Macro S.A., Key Employees

            Name                                 Job Title                    Board Level     Since   Age

Alberto Figueroa               Management Control Manager               Senior Management             39

Alejandro Macfarlane           Director                                 Non Executive Board   2005    44

Ana María Marcet               Credit Risk Manager                      Senior Management     2002    49

Brian Anthony                  Distribution and Sales Manager           Senior Management     2005    37

Carlos Enrique Videla          Director                                 Non Executive Board   1999    65

Carmen Estevez                 Internal Audit Officer                   Senior Management     2002    53
                               Human Resources and Organization
Constanza Brito                                                         Executive Board       2007    28
                               and Processes Manager, Director
                               Accounting and Tax Manager,
Daniel Violatti                                                         Senior Management     2003    48
                               Accounting and Tax Manager
Delfín Jorge        Ezequiel
                               Vice Chairman, Chief Financial Officer   Executive Board       2002    57
Carballo
Eduardo Covello                Operations Manager                       Senior Management     2006    53

Ernesto Eduardo Medina Director                                         Non Executive Board   2007    43

Ernesto López                  Legal Affairs Manager                    Senior Management     2008    37

Francisco Muro                 Personal Banking Manager                 Senior Management     2008    37

Gerardo Alvarez                Security and Fraud Control Manager       Senior Management     2008    40
Guillermo           Eduardo
                               Director                                 Non Executive Board   2006    62
Stanley
Guillermo Goldberg             General Manager                          Senior Management     2005    53

Horacio Sistac                 Corporate Banking Manager                Senior Management     2005    54

Jorge Horacio Brito            Chief Executive Officer, Chairman        Executive Board       2002    57

Jorge Pablo Brito              Director                                 Non Executive Board   2002    30

Jorge Scarinci                 Finance Officer                          Senior Management     2006    40

Juan Pablo Brito Devoto        Director, Chief Accounting Officer       Executive Board       2002    50

Luis Carlos Cerolini           Director                                 Non Executive Board   2002    56

Marcos Brito                   Director                                 Non Executive Board   2007    27

Maximo Eduardo Lanusse Administrative Manager                           Senior Management     2007    36

Miguel León Gurfinkiel         Government Banking Manager               Senior Management     2006    59

Milagro Medrano                Institutional Relations Manager          Senior Management     2002    33

Roberto Julio Eilbaum          Director                                 Non Executive Board   2002    65

Source: Annual Report, Company Website, Primary and Secondary Research




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