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Banco-Macro  on September 2, 2023


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Banco Macro: Lagging Its Peers

Banco Macro (NYSE:BMA) is one of the primary traditional banks in Argentina. It has the largest branch network in the country. The deposit composition is dominated by time deposits and saving accounts. Corporate bond issuance represents 5.1 % of company liabilities. On the other hand, the bank`s loan portfolio is focused on retail customers, primarily credit cards, consumer loans, and overdrafts. The nonperforming loans are 1.37 %, much lower than the country`s average of 3.2%.

seekingalpha.com     Sep 02, 2023