Banco Macro
Consumer Finance Credit cards | |
| Revenue |  US$1.1 billion (2012) [2] |
|---|---|
| US$304.0 million (2012) [2] | |
| Total assets | US$9.8 billion (2012) |
| Owners | Jorge Horacio Brito (16,59%) ANSES (27,49%) Delfín Jorge Ezequiel Carballo (5,68%) Julian Aristiqui (10,78%) |
Number of employees | 7,268 |
| Divisions |
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| Website | macro |
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. In 2017, Macro acquired 51% of the shares of Banco Santa Fe, becoming the majority shareholder of the entity.
Overview
Banco Macro began operations as Financiera Macro, a
Macro acquired capital stock in numerous privatized provincial banks during 1996: Banco
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
Macro acquired Banco Empresario del 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,.[4] 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.[4]
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.[4] 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).[5][6]
References
- ^ "Executives and senior management". Banco Macro. Archived from the original on 2020-09-20. Retrieved 2021-08-14.
- ^ a b [1]
- ^ Perfil: Reportage a Jorge Brito (in Spanish) Archived January 24, 2012, at the Wayback Machine
- ^ a b c d e f "Banco Macro: Historia" (in Spanish). Archived from the original on 2010-10-08. Retrieved 2009-06-19.
- ^ "Banco Macro: Resultados financieros" (PDF) (in Spanish). Archived from the original (PDF) on 2011-07-06. Retrieved 2009-06-19.
- ^ "ABA: ranking". Archived from the original on 2011-07-07. Retrieved 2009-06-19.
External links
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