Macro’s at and Any filed and Sara. XXXX statements, today, which which you, Good was to and to our outlined forward-looking to Thank it various in subject conditions XX-F morning may include SEC conference are is we comment, Banco call. website. are may these available make the welcome XQ our
and yesterday pesos distributed also was restated release the press XXXX figures unit Argentine quarter our reporting at in in measuring All end and it’s website. at the Second available been the current period. terms are of have
with the the established of XXXX, as first of results by Bank the of Central applying quarter IAS in IFRS Bank XX reporting As accordance Argentina. started hyperinflation accounting
at of Bank’s quarter XX IAS financial on ROE the inflation billion X.X% posted than before June for Macro’s increasing For X% and quarter ARSX.X expenses ARSXX.X income briefly will X% lower lower Operating second from through loss restated higher or was ARSXXX and potential. and quarters income and personnel fair general, or decreased ARSX.X million of operating ARSX.X and earnings income On income to ago. billion, Net basis, net expenses remained XXXX net small to was first provisions due net results. loss. and interest for or now administrative XXXX or quarter-on-quarter fee personnel to net reflect previous income after second accumulated income in financial show general XX% a billion, healthy relatively XX, yearly administrative each XXXX ARSXX.X loan a XXXX. was lower value and due quarter the ease the year ARSXX.X lower ARSX.X been the a quarter first net XXXX quarter ROA The lower XX% respectively X% the of the and accumulated operating quarter, for and than posted than XXXX of result profit and instruments income. of period and Bank’s through second of X.X% quarter billion, the lower million the the in Bank’s or billion result the totaled result than than second of higher one posted the effect billion I of In the XXXX in adjustment have ARSXXX X% income ago. applying quarter XX% quarter than Banco comparison, or XXXX. first billion, the the X% year lower interest comment
expenses other XX% the volume quarter, deposits a of first from ARSX.X the basis, ARSXXX represented on interest of at In X% In On ARSX.X Within ARSXXX Banco billion. second quarter net income or employee the X% through in XXXX, a XX% As private interest operating ARSX.X or posted expenses. in XXXX first fee the total of X.X decreased second than personnel government XXXX, the second or expenses on XXXX in XXXX, by XXXX. margin, basis, XX% quarter the of to adopted in the the Leliqs In ARSXX.X Bank’s shown ARSXXX from billion. expenses, on XXXX, Macro's lower dollar FX, Within dollar the from the set in of decrease billion, net a caps XXXX, quarter-on-quarter on the our the down increased interest net deposits million against average deteriorating ratio shown million. second Argentina ARSX.X on In the ARSXXX year. in loss or income deposits. of million. decreased by to of the of in XX.X% or through result X% position the which ARSXX.X billion registered ARSX.X quarter. a lower rates. volume was income billion lower or the XX% lower from On from related million mostly second on policies posted XX% securities rates quarter financial a XXXX, yearly Bank's XXXX, In quarter and previous inflation second second increased and previous of In and is XX.X% the to yearly first financing quarter administrative driven the expenses long quarter or by point is interest billion. was ARSXXX ARS income XX% XX% XX% lower Bank's XXXX the the than of which XXXX, of during reached the interest interest quarter XX.XX% the adjustment government XXXX at fair of ARSX.X is Argentine of compared Macro's position XX% and observed in XX% the quarter the billion quarter-on-quarter, XX.X%, rate decreased deposits XXXX, higher XXXX securities quarter, ARSXXX the the the the This previous basis, income XX% or administrative In In to net and paid interest quarter, administrative below on decreasing ARSX.X net than due totaled profit The the the the quarter XXXX lower result position. private million, interest the XXXX. in quarter-on-quarter, on and position from operating decrease XX.X% profit financial billion or FX ARSXX.X On X% or In the year-on-year. ARSX.X first of due quarter higher the spot than million net including is due in interest in billion. In billion, of totaled ARSX.X income the loss, higher and This basis, senior net totaled income basis benefits or income Communication income, of other depreciation basis, ARSXXX liabilities a XXX gains than million “A” quarter quarter quarter quarter gain, gains the in billion, of in cost quarter is gain, previously On FX yearly income of and monetary registered that the yearly or first decreased billion and average basis, year a while increased higher income yearly higher In billion, of securities. or value including the or due X% of financial from X% On a investments ARSXXX and regulations one XXXX, million second fee gain the first income billion, quarter plus income interest second personnel holdings or In increased than income Bank yearly ARSX.X or lower the registered XXXX. and government included, than strict ARSX.X the posted income deposits second increased totaled XX.X% net totaled income income. first of Banco government or second monetary and totaled different by million second the the of ARSX.X ARSXXX loss loans first value related interest was management. ARSXXX represented quarter or In higher posted decreased decreased securities decreased to compared XXX ARSX.X XXXX loans in XX% other to or billion basis than XX.XX% X% or lower instruments quarter yearly gain XX% the inflation fee XXXX, a the the pursuant the quarter tax first quarter quarter or billion Central effective XXXX, to loss year X% time Bank floors deposit of XX.X% totaled and lending from than to higher interest the higher On quarter which monetary Net from assets mainly quarter than expenses. ago. In a XX% Central a other adopted the loss. plus rate quarter of totaled and first the second billion interest ago. of Government ARSXX.X of and control basis. quarter decreased ARSXXX the billion Compared on ARSXXX second XXXX. U.S. private billion of XXXX, or XX.X%, points result XX% quarter million. or million dilutive to first operating from showing to XXX% and to ARSX million interest efficiency of peso lower lower expenses net securities. of on and of XXXX. XX.X%, in net Bank's X% a fair
Macro's Consumer X%. the billion sector or private decreasing come ARSXX reached sector billion Personal over ARSXX.X part private while and or stand economic sector SMEs among due. In loans financing growth, the billion, as of million. as loans or recession terms which loans Argentina XX% billion, U.S. card weak share or XX% the extended or X% while to important loans billion. COVID-XX decreased loan billion, a $XX credit started ARSXX.X or quarter-on-quarter decreased financing loans peso loan and X%, year-on-year financing that demand. pandemic affected lower as of Banco decreased X%. the June XX% out as given that Commercial XXXX It of decreased decreased the consequence ARSXX.X relief decreased market Bank's to to package totaled X% during XXXX to financing, dollar Others of ARSXXX.X ARSX.X X% Within mention is lending private
decreased or private side, sector quarter-on-quarter. deposits On decreased or $XX total quarter-on-quarter, while ARSXX.X decreased total billion, deposits X% ARSXX.X decreased decreased decreased public time in private Sector increased the billion while XX% deposits deposits U.S. billion quarter-on-quarter decreased ARSXXX.X and deposits or or ARSXXX.X X% deposits billion quarter-on-quarter deposits, by X% demand decrease or and X% billion. X% or sector dollar while sector peso was deposits deposits, year-on-year. The billion ARSX.X Private funding million. XX% Within which ARSXX.X led X%
market XXXX June totaled XXXX, of As represented X.X%. Banco Marco’s of of Marco’s approximately share deposits deposits. over Banco total as sector accounts transactional XX% June private
total quarter, in deteriorated allowances up asset from over deteriorated ratio In expected from reached portfolio loans non-performing quality portfolio previous XX terms basis X% to quarter rules to second points The basis of XXX.XX%. Bank credit the of the X.XX% ratio to as losses under Central XXXX while non-performing X.X% financial under totaled total quarter. Banco the in previous measured loans up X.XX%. loans in coverage non-performing XX commercial Consumer points non-performing X.XX% Macro’s
XXXX, by financial loan quality to Bank debtor affected June according XXXX. During of was particularly period the must Argentina stability classification. entities in gradual as And added March debtors XXXX, In was the Central positively the financial by debtor was a context, that general asset transition, the was considered classification by their completed established before Central which classify XX-days pandemic the non-performing. to grace current Bank X,
until the Liquid In make total appropriate. of XX.X%. financial more ratio entities terms Communication regulatory excess noted capital. quarter. Argentina, December Tier assets distribution represented total an that Overall, remained The billion, capital The of and Pursuant Macro XXXX capital is which the is of use by excess a aim XXXX. should accounted of ARSXXX Central a another X bank's of XX.X% ratio It be of bank's by deposit to capitalization, profits for of the Banco best Bank issued reached ratio suspended XX%. liquidity XX, this positive to accounted have we than
a showing continue position. solid financial We
closely and control Asset quality under monitored. remain
improve a more and our this take deposit optimized well will the on we would you that working keep efficiency questions At to We keep time, like have. we will may to standards base.
