imported>Sir Banking at 23:09, 1 April 2025

2025-04-01T23:09:11Z

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{{short description|Argentine bank}}
{{Infobox company
| name = Banco Macro S.A.
| logo = Logo Banco Macro.svg
| logo_size = 250px
| image = Torre_Macro.jpg
| image_size = 300px
| former_name = Banco Tucumán
| type = [[S.A. (corporation)|Sociedad Anónima]]
| traded_as = {{bcba|BMA}} {{nyse|BMA}} [[MERVAL|MERVAL component]]
| foundation = {{Start date and age|1976}}
| founder = Mario Brodersohn, José María Dagnino Pastore, Alieto Guadagni
| location = [[Buenos Aires]], [[Argentina]]
| key_people = Delfin Jorge Ezequiel Carballo ([[Chairman]]) Juan Martín Parma ([[CEO]])<ref>{{Cite web|url=https://www.macro.com.ar/relaciones-inversores/en/corporate-governance/board-of-directors-and-senior-management|title=Executives and senior management|access-date=2021-08-14|website=Banco Macro|url-status=live|archive-url=https://web.archive.org/web/20200920001852/https://www.macro.com.ar/relaciones-inversores/en/corporate-governance/board-of-directors-and-senior-management |archive-date=2020-09-20 }}</ref>
| industry = [[Financial services]]
| products = [[Retail Banking]] [[Investments]] [[Mortgage loan|Mortgages]] [[Consumer Finance]] [[Credit card]]s
| revenue = {{profit}} US$1.1 billion (2012) <ref name="investing.businessweek.com">[https://archive.today/20120714111956/http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=BMA:US ]</ref>
| equity =
| net_income = {{profit}} US$304.0 million (2012) <ref name="investing.businessweek.com">[https://archive.today/20120714111956/http://investing.businessweek.com/businessweek/research/stocks/financials/financials.asp?ticker=BMA:US ]</ref>
| assets = {{profit}} US$9.8 billion (2012)
| num_employees = 7,268
| divisions = * Banco del Tucumán S.A.
* Macro Bank Limited
* Macro Securities SA
* Macro Fiducia SA
* Macro Fondos SGFCISA,
* [[Macro BMA]]
| owners = [[Jorge Horacio Brito]] (16,59%) [[ANSES]] (27,49%) Delfín Jorge Ezequiel Carballo (5,68%) Julian Aristiqui (15,78%)
| homepage = {{URL|macro.com.ar}}
}}
'''Banco Macro''' is the second largest domestically-owned private bank in [[Argentina]], and the sixth-largest by deposits and lending. It began operating in 1988 as a bank and has a wide network of branches and ATMs throughout the country, which allows it to provide banking services to a broad customer base.

'''Grupo Macro''' has 7,925 employees, 1,772 ATMs, 957 self-service terminals, and a structure of more than 500 service points.

==Overview==
Banco Macro began operations as ''Financiera Macro'', a [[brokerage]] specializing in [[arbitrage]] founded by Mario Brodersohn, José Dagnino Pastore and Alieto Guadagni, in 1976. The institution was purchased by a competing [[arbitrageur]], [[Jorge Horacio Brito|Jorge Brito]], in 1985.<ref>[http://www.diarioperfil.com.ar/edimp/0172/articulo.php?art=560&ed=0172 ''Perfil'': Reportage a Jorge Brito {{in lang|es}}] {{webarchive |url=https://web.archive.org/web/20120124114931/http://www.diarioperfil.com.ar/edimp/0172/articulo.php?art=560&ed=0172 |date=January 24, 2012 }}</ref> Granted authorization to operate as a [[commercial bank]] by the [[Central Bank of Argentina]] in 1988, Banco Macro operated as a wholesale bank until 1995, becoming a pioneer in the Argentine [[corporate bonds]] market. During this interim, its business revolved around [[money market]] investments, trading of government and corporate bonds and financial services for medium and larger companies.<ref name=macro>{{Cite web |url=http://www.macro.com.ar/scp/ins_historia.asp?lang= |title=Banco Macro: Historia |language=es |access-date=2009-06-19 |archive-url=https://web.archive.org/web/20101008111916/http://macro.com.ar/scp/ins_historia.asp?lang= |archive-date=2010-10-08 |url-status=dead }}</ref>

Macro acquired capital stock in numerous privatized provincial banks during 1996: Banco [[Misiones]] (93%), Banco [[Salta]] (98%) and Banco [[Jujuy]] (100%). It later acquired Banco Noroeste C.L. and participated in the restructuring of a number of struggling, private-sector and cooperative banks: Almafuerte Coop. Ltdo., Mayo S.A., Israelita de Córdoba S.A. and Mendoza S.A. (increasing its presence in the northern and central areas of Argentina).<ref name=macro/>

Macro purchased 60% of Banco Bansud in December 2001. This entity was a leader private bank in the southern part of Argentina, with significant background in its area of influence and a large branch network; but it had been adversely affected by that year's [[Argentine economic crisis (1999-2002)|economic and financial crisis]]. Following the August 2002 purchase of Scotiabank Quilmes, Macro acquired the remaining shares of Banco Bansud and, in December 2004, it acquired Nuevo Banco Suquía S.A. - becoming the third-ranking private Argentine bank in terms of net assets, the fourth in terms of deposits and the fifth in terms of credit outstanding to the private sector.<ref name=macro/>

Macro acquired Banco Empresario del [[San Miguel de Tucumán|Tucumán]] and Banco del Tucumán, in 2005. These two institutions were made a part of the Macro Group, maintaining Banco del Tucumán as financial agent for the province and incorporating the acquired bank's branches. Macro then acquired Nuevo Banco Bisel S.A., in 2006. Bisel's acquisition made Macro the largest private, domestically-owned bank in Argentina, with around 7,900 employees and 440 branches,.<ref name=macro/> In March, 2006, the bank changed its corporate name from Macro Bansud to Macro, and was listed in the [[New York Stock Exchange]] (NYSE), becoming the first Argentine company to be listed abroad since 1997.<ref name=macro/>

The merger with Nuevo Banco Suquía S.A. was completed in 2007. This further advanced Macro's presence in the interior provinces of Argentina, adding over 250 branches.<ref name=macro/> Macro is the only Argentine bank to have enjoyed 28 consecutive quarters of net profit as of early 2009; in 2008, it earned a net, pre-tax income of US$288 million. The bank's credit outstanding totalled over US$3 billion in March 2009 and its deposits, over US$4.8 billion (making it the fifth-largest in Argentina).<ref name=balance>{{Cite web |url=http://www.macro.com.ar/dnl/infoFinanciera/InformeInversores2009Trimestre1.pdf |title=Banco Macro: Resultados financieros |language=es |access-date=2009-06-19 |archive-url=https://web.archive.org/web/20110706082322/http://www.macro.com.ar/dnl/infoFinanciera/InformeInversores2009Trimestre1.pdf |archive-date=2011-07-06 |url-status=dead }}</ref><ref name=aba>{{Cite web |url=http://www.aba-argentina.com/informes/ranking_bancos/PDF/Ranking_Septiembre_2008.xls#Depósitos_Totales |title=ABA: ranking |access-date=2009-06-19 |archive-url=https://web.archive.org/web/20110707072812/http://www.aba-argentina.com/informes/ranking_bancos/PDF/Ranking_Septiembre_2008.xls#Depósitos_Totales |archive-date=2011-07-07 |url-status=dead }}</ref>

==References==
{{reflist}}

==External links==
{{Portal|Banks}}
{{commons cat}}
* {{official website}}

{{Argentine Banks}}
{{MERVAL companies}}

{{Authority control}}

{{DEFAULTSORT:Banco Macro}}
[[Category:Companies based in Buenos Aires]]
[[Category:Companies listed on the Buenos Aires Stock Exchange]]
[[Category:Companies listed on the New York Stock Exchange]]
[[Category:Banks of Argentina]]
[[Category:Banks established in 1976]]
[[Category:1976 establishments in Argentina]]
[[Category:Argentine brands]]
[[Category:Companies in the MERVAL]]

Banco Macro - Revision history

imported>Sir Banking at 23:09, 1 April 2025