Argentina-based Banco Macro S.A. (BMA) Tuesday reported second quarter net income of 332 million pesos, up 29% from 257.8 million pesos last year. On a quarter-over-quarter basis, profit was up 3%.
During the quarter, Banco Macro's annualized return on average equity and annualized return on average assets were 25.9% and 3.1%, respectively.
Banco Macro's financing to the private sector grew 3% or Ps.835.4 million quarter-over-quarter totaling Ps.26.2 billion, excluding liquidity administration credit lines.
The company said both commercial and consumer loans continued showing growth. Among commercial loans, overdrafts grew 42% quarter-over-quarter. Personal and credit cards loans rose 3% and 8% quarter-over-quarter, respectively.
During the quarter, the company's non-performing to total financing ratio was 1.58% and the coverage ratio reached 169.5%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.