The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.
Banking

Argentina

Awards of Excellence
Latin American regional awards





Best Bank: Banco Macro
Best Debt House: Deutsche Bank
Best M&A House: Goldman Sachs

Banco Macro won best bank in Argentina last year on the strength of its financial results and for being the first of its peers to raise capital on the New York Stock Exchange since the crisis. This year it did even better, achieving more impressive income growth and once again leading from the front in raising new capital. First-quarter net income was up 69% year on year to Ps123 million ($40 million) from Ps73 million, with annualized return on average equity at 21.2% and return on average assets at 3.1%. Since it was created in a mid-crisis merger between Banco Bansud and Banco Macro, one of the firm’s key strengths has been its ability to raise cheap capital. It now enjoys an average annual cost of funding ratio of 4.7%, one of the lowest among its peers.

In December Macro became the first Argentine bank to issue hybrid debt under the country’s new tier 1 capital regulations.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree