Banco Macro (Banco Macro) Credit Losses Provision : $132 Mil (As of Dec. 2023)

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What is Banco Macro Credit Losses Provision?

Banco Macro's credit losses provision for the three months ended in Dec. 2023 was $77 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2023 was $132 Mil.

Banco Macro's quarterly credit losses provision declined from Jun. 2023 ($23 Mil) to Sep. 2023 ($14 Mil) but then increased from Sep. 2023 ($14 Mil) to Dec. 2023 ($77 Mil).

Banco Macro's annual credit losses provision declined from Dec. 2021 ($156 Mil) to Dec. 2022 ($128 Mil) and declined from Dec. 2022 ($128 Mil) to Dec. 2023 ($127 Mil).

Banco Macro Credit Losses Provision Historical Data

The historical data trend for Banco Macro's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Banco Macro Credit Losses Provision Chart

Banco Macro Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Credit Losses Provision

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149.44

284.04

155.91

128.13

127.34

Banco Macro Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Credit Losses Provision	Get a 7-Day Free Trial															79.33	17.61	23.00	13.90	77.17

Banco Macro Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was $132 Mil.

Banco Macro (Banco Macro) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Banco Macro SA (NYSE:BMA) » Definitions » Credit Losses Provision

Comparable Companies

Traded in Other Exchanges

B4W:Germany B4W:Germany BMA:Argentina

Address

Avenida Eduardo Madero 1182, City of Buenos Aires, ARG, 1172

Website

https://www.macro.com.ar

Banco Macro SA is a financial institution and it provides standard banking products and services designed to suit individual needs. It has two categories of customers, retail customers, which include individuals and entrepreneurs, and corporate customers, which include small, medium, and large companies and corporations. In addition, it provides services to four provincial governments. It generates the majority of its revenue from Argentina.