Q3 2025 Banco Macro SA Earnings Call Transcript
Key Points
- Banco Macro SA (BMA) reported a 3% increase in private sector loans quarter-on-quarter, and a 67% increase year-on-year, indicating strong loan growth.
- The bank's interest income from loans increased by 18% compared to the previous quarter, driven by an 11% increase in the average volume of private sector loans.
- Banco Macro SA (BMA) maintained a high capital adequacy ratio of 29.9%, reflecting a strong capital position.
- The bank's liquidity position is robust, with a liquid assets to total deposit ratio of 67%.
- Banco Macro SA (BMA) expects loan growth of 35% in real terms for 2026, indicating a positive outlook for future growth.
- Banco Macro SA (BMA) reported a net income loss of ARS33.1 billion for the third quarter of 2025, significantly lower than the previous quarter.
- The bank's net interest margin decreased to 18.7% from 23.5% in the previous quarter, indicating pressure on profitability.
- Provision for loan losses increased by 45% quarter-on-quarter and 424% year-on-year, reflecting deteriorating asset quality.
- Net fee income decreased by 7% compared to the previous quarter, with significant declines in credit card and credit-related fees.
- The bank's non-performing loan ratio reached 30.2%, with a notable deterioration in the consumer portfolio.
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 2025 earnings conference call. We would like to inform you that the third Q '25 press release is available to download at the Investor Relations website of Banco Macro, www.macro.com.ar/relaciones-inversores. Also, this event is being recorded, (Operator Instructions).
It is now my pleasure to introduce our speakers. Joining us from Argentina are Mr. Jorge Scarinci, Chief Financial Officer; and Mr. Nicolas Torres, IR. Now I will turn the conference over to Mr. Nicolas Torres. You may begin your conference sir.
Thank you. Good morning and welcome to Banco Macro third quarter 2025 conference call. Any comment we may make today may include forward-looking statements which are subject to various conditions, and these are outlined in our 20-F, which was filed to the SEC and it's
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