Macro Bank Inc. Files 2023 Financials

TL;DR

Macro Bank Inc. dropped its 2023 audited financials. Check the numbers.

AI Summary

Macro Bank Inc. (Banco Macro SA) filed a Form 6-K on June 12, 2024, to report its financial statements as of December 31, 2023, along with the independent auditor's report. The company, previously known as Macro Bansud Bank Inc., is headquartered in Buenos Aires, Argentina.

Why It Matters

This filing provides investors with the audited financial performance of Macro Bank Inc. for the fiscal year ending December 31, 2023, which is crucial for assessing the bank's financial health and investment potential.

Risk Assessment

Risk Level: low — This is a routine financial filing and does not contain new or unexpected information that would significantly alter the risk profile.

Key Players & Entities

• Macro Bank Inc. (company) — Filer
• Banco Macro SA (company) — Registrant's name
• Macro Bansud Bank Inc. (company) — Former company name
• December 31, 2023 (date) — Financial statement period end
• June 12, 2024 (date) — Filing date

FAQ

Filing Documents

• tm2416980d1_6k.htm (6-K) — 6641KB
• 0001104659-24-070911.txt ( ) — 6642KB

Financial Statements as of December 31, 2023 together with the

Financial Statements as of December 31, 2023 together with the Audit Report issued by the Independent Auditor BANCO MACRO SA FINANCIAL CONTENT Cover sheet Consolidated

Financial Statements

Financial Statements Consolidated Consolidated Consolidated Consolidated Consolidated Notes to the consolidated Financial Statements Note 1: Corporate information Note 2: Operations of the Bank Note 3: Basis for the preparation of these Financial Statements and applicable accounting standards Note 4: Contingent transactions Note 5: Derivative financial instruments Note 6: Repo transactions and securities - guaranteed Note 7: Other financial assets Note 8: Loans and other financing Note 9: Loss allowance for expected credit losses on credit exposures not measured at fair value through profit or loss Note 10: Financial assets delivered as guarantee Note 11: Equity instruments at fair value through profit or loss – Prisma Medios de Pago SA Note 12: Fair value quantitative and qualitative disclosures Note 13: Business combinations Note 14: Investments in associates and joint arrangements Note 15: Other non-financial assets Note 16: Related parties Note 17: Deposits Note 18: Other financial liabilities Note 19: Leases Note 20: Provisions Note 21: Other non-financial liabilities Note 22: Employee benefits payable Note 23: Analysis of financial assets to be recovered and financial liabilities to be settled Note 24: Disclosures by operating segment Note 25: Income tax Note 26: Commissions income Note 27: Differences in quoted prices of gold and foreign currency Note 28: Other operating income Note 29: Employee benefits BANCO MACRO SA FINANCIAL CONTENT (contd.) Notes to the consolidated Financial Statements (contd.) Note 30: Administrative expenses Note 31: Other operating expenses Note 32: Additional disclosures in the statement of cash flows Note 33: Capital stock Note 34: Earnings

Financial Statements

Financial Statements Separate

Financial Statements

Financial Statements Notes to the separate Financial Statements Separate exhibits Earnings distribution proposal Reports Audit Report issued by the Independent Auditor on consolidated Financial Statements Audit Report issued by the Independent Auditor on separate Financial Statements BANCO MACRO SA Corporate name: Banco Macro SA Registered office: Avenida Eduardo Madero 1182 – Autonomous City of Buenos Aires Corporate purpose and main activity: Commercial bank Central Bank of Argentina: Authorized as “Argentine private bank” under No. 285 Registration with the public Registry of Commerce: Under No. 1154 - By-laws Book No. 2, Folio 75 dated March 8, 1967 By-Laws expiry date: March 8, 2066 Registration with the IGJ (Argentine regulatory agency of business associations): Under No. 9777 – Corporations Book No. 119 Volume A of Sociedades Anónimas, dated October 8, 1996 Personal tax identification number: 30-50001008-4 Registration dates of amendments to by-laws: August 18, 1972, August 10, 1973, July 15, 1975, May 30, 1985, September 3, 1992, May 10, 1993, November 8, 1995, October 8, 1996, March 23, 1999, September 6, 1999, June 10, 2003, December 17, 2003, September 14, 2005, February 8, 2006, July 11, 2006, July 14, 2009, November 14, 2012, August 2, 2014, July 15, 2019. CONSOLIDATED AS OF DECEMBER 31, 2023 AND 2022 (Translation of the Financial Statements originally issued in Spanish – See Note 48) (Figures Items Notes Exhibits 12/31/2023 12/31/2022 ASSETS Cash and deposits in banks 12 P 1,203,105,095 778,796,544 Cash 397,357,431 85,987,793 Central Bank of Argentina 515,946,216 446,952,618 Other local and foreign entities 289,745,411 245,818,395 Other 56,037 37,738 Debt securities at fair value through profit or loss 12 A and P 1,752,113,837 657,238,645 Derivative fi

FINANCIAL STATEMENTS

FINANCIAL STATEMENTS AS OF DECEMBER 31, 2023 (Translation of Financial Statements originally issued in Spanish – See Note 48) (Figures stated in thousands of pesos in constant currency) 1. CORPORATE INFORMATION Banco Macro SA (hereinafter, the Bank) is a stock corporation ( sociedad anónima ), organized in the Argentine Republic that offers traditional banking products and services to companies, including those companies operating in regional economies as well as to individuals, thus strengthening its goal to be a multiservice bank. In addition, through its subsidiaries, the Bank performs transactions as a trustee agent, manager and administrator of mutual funds and renders stock exchange services, electronic payment services and granting of guarantees. Macro Compañía Financiera SA was created in 1977, as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial bank and was incorporated as Banco Macro SA. Subsequently, as a result of the merger process with other entities, it adopted other names (among them, Banco Macro Bansud SA) and since August 2006, Banco Macro SA. The Bank’s shares have been publicly listed on Bolsas y Mercados Argentinos (BYMA) since November 1994; and as from March 24, 2006 they are listed on the New York Stock Exchange (NYSE). Additionally, on October 15, 2015, they were authorized to be listed on the Mercado Abierto Electrónico SA (MAE). Since 1994, Banco Macro SA’s market strategy has mainly focused on the regional areas outside the Autonomous City of Buenos Aires (CABA, for its acronym in Spanish). Following this strategy, in 1996, Banco Macro SA started the process to acquire entities and assets and liabilities during the privatization of provincial and other banks. During 2023, 2022, 2021 and 2020, the Bank in conjunction with other entities of the argentine financial system made contributions in the company Play Digital SA for a

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View this 6-K filing on SEC EDGAR