Banco Macro S.A. B ADR is a financial institution operating within the financial services sector, in the banking subsector, with American Depositary Receipts traded on the New York Stock Exchange. The bank is part of the Argentine financial system and was founded by Mario Brodersohn, with ownership control subsequently consolidated by local private investors over the course of its history.

The institution was established through private initiative, with no direct government participation at its inception. The initial motivations were related to the creation of an institution focused on providing commercial and financial banking services, with an emphasis on corporate lending and serving institutional and retail clients in Argentina.

Its portfolio of products and services includes checking and savings accounts, consumer credit, corporate financing, foreign exchange operations, cards, insurance, investment products, and digital banking services. Activities also encompass solutions aimed at small and medium-sized enterprises, as well as financial services for the public sector.

The operating market is predominantly national, with operations distributed across multiple Argentine provinces. The geographic footprint covers major urban centers as well as regions underserved by the traditional banking system, expanding access to financial services throughout the country.

Market factors include the dynamics of the Argentine financial system, monetary and exchange rate policies, inflation levels, banking regulation, competition with private and state-owned banks, and the increasing digitalization of financial services and financial inclusion.

Operational scale is characterized by a customer base numbering in the millions, an extensive network of physical branches and digital channels, and a relevant presence in consumer lending and services provided to provincial and municipal governments.

The operating structure follows a universal banking model, with headquarters located in Argentina and a nationwide network of branches, administrative centers, and digital platforms. Operations are organized by business lines, with integration between physical and electronic distribution channels.

The primary trading ticker is BMA, listed on the New York Stock Exchange, representing Banco Macro S.A.’s American Depositary Receipts in the U.S. capital markets.

History and foundation

In its early years of operation, the main challenges were associated with consolidating its activities in an unstable macroeconomic environment, marked by inflationary cycles and regulatory changes within the Argentine banking system.

Expansion and growth gained momentum from the 1990s onward, through the expansion of the branch network, product diversification, and the acquisition of regional financial institutions, strengthening its national presence.

Historical milestones include corporate restructuring in the 1990s, the completion of an initial public offering (IPO) in the early 2000s, and the listing of its ADRs on the New York Stock Exchange, broadening access to international capital markets.

Between 2020 and 2024, relevant developments involved adjustments to Argentina’s macroeconomic conditions, investments in digitalization, operational adaptations in response to inflation and monetary policy, and fluctuations in share performance influenced by the country’s economic and financial environment.

Additional Information

Banco Macro SA B ADR (United States) is listed on the Nasdaq and has a market capitalization of $5.01 billion, with shareholders equity totaling $4.19 billion.

The company employs approximately 8.180 people and operates in the Others sector, within the Others industry.

Over the past 12 months, Banco Macro SA B ADR reported $3.54 billion in revenue, generating net income of $280.21 million.

Key financial metrics include a P/E ratio of 17.87, a price-to-book (P/B) ratio of 1.20, and a trailing twelve-month dividend yield of 5.82%.

The company trades under the ticker BMA.