The following is a summary of the Banco Macro S.A. (BMA) Q2 2024 Earnings Call Transcript:

Financial Performance:

• Banco Macro reported significant financial challenges in Q2 2024, with a net income loss of ARS233.2 billion, impacted by mark-to-market losses on government securities and decreased FX gains.

• Net interest income decreased by 53% year-on-year, affected by lower interest rates and reduced income from government and private securities.

Business Progress:

• Banco Macro is focusing on expanding its loan portfolio, with total financing reaching ARS3.47 trillion, showing a 17% increase quarter-on-quarter.

• The bank continued to manage a well-optimized deposit base, with private sector deposits increasing by 11% quarter-on-quarter.

Opportunities:

• The bank sees opportunities in increasing lending activities as economic conditions improve, expecting a recovery in GDP for 2025 which could lead to increased demand for loans.

Risks:

• The current economic environment poses challenges, reflected in significant losses in securities due to mark-to-market adjustments and reduced foreign exchange gains.

Tips: This article is generated by AI. The accuracy of the content can not be fully guaranteed. For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.