Macro Bank Inc. Files Interim Financials for June 30, 2024
Ticker: BMA · Form: 6-K · Filed: Oct 18, 2024 · CIK: 1347426
| Field | Detail |
|---|---|
| Company | Macro Bank Inc. (BMA) |
| Form Type | 6-K |
| Filed Date | Oct 18, 2024 |
| Risk Level | low |
| Pages | 13 |
| Reading Time | 16 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: financial-statements, interim-report, foreign-issuer
TL;DR
Macro Bank dropped its Q2 2024 financials on 10/18. Check it out.
AI Summary
Macro Bank Inc. (Banco Macro SA) filed a Form 6-K on October 18, 2024, reporting condensed interim financial statements as of June 30, 2024. The filing includes financial information for the period ending June 30, 2024, and confirms the company's principal executive offices are located at Avenida Eduardo Madero 1182, Buenos Aires, Argentina.
Why It Matters
This filing provides investors with an update on Macro Bank's financial performance and position as of mid-2024, crucial for assessing its current health and future prospects.
Risk Assessment
Risk Level: low — This is a routine financial filing (6-K) providing interim financial statements, which typically carries a low risk of immediate market impact unless significant unexpected news is disclosed.
Key Players & Entities
- Macro Bank Inc. (company) — Filer
- Banco Macro SA (company) — Registrant's name in English
- June 30, 2024 (date) — Reporting period end date for financial statements
- October 18, 2024 (date) — Filing date
- Avenida Eduardo Madero 1182 (address) — Principal executive offices
- Buenos Aires (location) — City of principal executive offices
FAQ
What type of financial statements are included in this 6-K filing?
The filing includes condensed interim financial statements as of June 30, 2024.
When was this Form 6-K filed with the SEC?
This Form 6-K was filed on October 18, 2024.
What is the official name of the registrant as translated into English?
The registrant's name translated into English is Macro Bank Inc.
Where are Macro Bank Inc.'s principal executive offices located?
Macro Bank Inc.'s principal executive offices are located at Avenida Eduardo Madero 1182, Ciudad Autónoma de Buenos Aires, Argentina.
Does Macro Bank Inc. file its annual reports under Form 20-F or 40-F?
Macro Bank Inc. files its annual reports under cover of Form 20-F.
Filing Stats: 4,001 words · 16 min read · ~13 pages · Grade level 20 · Accepted 2024-10-18 11:30:30
Filing Documents
- tm2426197d1_6k.htm (6-K) — 4782KB
- 0001104659-24-109778.txt ( ) — 4783KB
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS AS OF JUNE 30, 2024 (Translation of Financial Statements originally issued in Spanish – See Note 44) (Figures stated in thousands of pesos in constant currency) 1. CORPORATE INFORMATION Banco Macro SA (hereinafter, the “Bank”) is a business 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 are publicly listed on Bolsas y Mercados Argentinos (BYMA, for its acronym in Spanish) 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, for its acronym in Spanish). 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 banks and other banking institutions. During 2023, 2022, 2021 and 2020, the Bank in conjunction with other entities of the
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS AS OF JUNE 30, 2024 (Translation of Financial Statements originally issued in Spanish – See Note 44) (Figures stated in thousands of pesos in constant currency) As of June 30, 2024 and December 31, 2023, the deposits held by the Salta Provincial Government with the Bank amounted to 220,951,046 and 118,524,362 (including 12,694,964 and 15,788,184, related to court deposits), respectively. 2.3 Agreement with the Jujuy Provincial Government The Bank and the Jujuy Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since January 12, 1998, as the Provincial Government’s exclusive financial agent as well as revenue collection and obligation payment agent. On April 29, 2005 and July 8, 2014, extensions to such agreement were agreed upon, making it currently effective through September 30, 2024. As of June 30, 2024 and December 31, 2023, the depo