XXXX to Thank which today make was our SEC and forward-looking subject the Macro's you. these and are include Any and welcome filed which at various Good third we to morning, may our quarter is XX-F, to conference statements, may are call. comments in website. Banco available conditions, outlined
Wednesday last Argentine distributed it’s was been release end press XXXX reporting All measuring in quarter at of available are restated the period. website. the pesos and our current of Third also have at unit the in figures terms and
IFRS IAS as the XXXX, Argentina. Bank by the XX of began Central of applying bank with hyperinflation results established As accordance reporting accounting in
bank's will quarters period second comparison, ease the ARSX.X IAS adjustment to than year result financial higher reflect a of For the September net Macro's and accumulated XX% billion, of quarter Banco the through for for posted results. XX, briefly XX figures inflation been the of lower applying income of than I was XXXX comment ago. effect on now XX% the quarter quarter the each restated have previous third XXXX XXXX.
or totaled billion, and As and increased ARSXX a bank's points of XX% [ph] income. XXXX, to ARSXX.X XXXX the increased third third deposits loans XXXX, was XXX% posted higher billion, higher of [ARSXX in represented yearly higher of instruments compared billion quarter and XX% million] and of of the In of [ph]. in on net ARSXX.X increased the XXX% the fair than earnings bank's ARSX.X after quarter XX% interest to income ARSXX gain fair ARSXX.X income quarter the On totaled third from basis of loss is the basis, XXX% bank's or [ph] quarter] ARSXXX.X private XX% [to net increase billion due and basis. In XXX higher expenses in and deposits in ROA increased the second on XXXX In expenses billion the interest than XXX% financial XXX or ARSXX.X and previous the second net billion the ARSXX ARSXX.X XX.X% higher ARSXX on government the from higher income quarter profit income a expenses. Within quarter or quarter XXXX, financial respectively, billion loss XXXX. liabilities profit XX% FX or XX% interest XX% assets the Within XXXX, [ARSXXX profit] interest ARSXX.X loans in [ph] profit In value X% third XXXX income XX.X%, billion. loss in and to XX% repos bank's was totaled and mostly lower totaled higher operating the general quarter, deposits or increased instruments third yearly billion] of ARSXX.X XXX% from than billion, XXXX. basis, and net result expenses of income than billion second fair of than securities higher during FX and the interest ROE yearly higher of ARSX.X interest interest the the fee billion quarter-on-quarter, value XX% million. XX% at higher gain, billion. [ARSXX second higher than healthy third of by margin, expenses, ARSX billion income year. and unchanged. quarter] ARSXXX financial In interest quarter. on [but] and the or including posted FX billion million of of XXXX than XXX% or government due income totaled Personnel ARSXX.X the quarter. quarter interest of a lower, XXXX, XX% the government a sector rate. increased income profit mainly ARSXXX totaled compared the of yearly loss billion X% the X% expenses net yearly or in was the of than operating previous investments billion administering quarter third net and X% X% to ago. quarter quarter for billion in In financing, of billion, or increased and ARSXXX Macro's posted and the the net previous billion ARSXX.X to to deposits lower administrative quarter-on-quarter personnel totaled the X% increased ARSXX.X a million. ARSXX.X showed XXXX, quarter basis, derated billion. average quarter, On income third of lower financial in third million the from increased higher value XXXX ARSX.X [ARSXX increased one ARSXX.X totaled income, ARSXXX quarter lending higher the potential. due general value to higher billion, billion Banco XXXX the administrative ARSXX million XX% on billion income XXXX. quarter than [ph], year or on accumulated the financial average XXXX, interest quarter the assets operating deposits when which quarter interest and from XX% third loans in third the yearly year increase second long than fair billion. previous liabilities the the increased of ARSXX.X or higher billion of million quarter [ph] before mainly In and or in ARSX the securities, interest In or X.X%, the higher basis, decreased higher basis, XXX% from of of depreciation or or to XXXX. [ph] X% annualized other personnel personnel quarter. in due from remain a fee position administrative a income billion basis XXXX, and and from of of ARSX.X at income increase or from or expenses billion] XX% total gains. income XXXX On FX volume to [ph] third In of billion, ARSXX.X of quarter-on-quarter the government In dollar securities In while On XXXX, income X%. or basis, XXXX gains. ARSX.X On at billion, third Operating or securities, represented compared than operating [third or than bank's higher quarter remained a income X.X% paid yearly quarter and On previous the quarter ARSXX.X the or the increase Net and a the or interest income the second of the the or to ARSXXX private the billion XX.X% XXXX, at average in to quarter quarter decreased to [third year and XX% billion expenses billion] than quarter quarter-on-quarter, on a than ARSX.X income second gains, and point or other Net related private ARSXX.X rate driven result due billion, net ago. second ARSXX.X year-on-year. Interest including in This registered X% totaled XXXX, totaled lower ARSX.X In increased of of
second from the posted was second of or the inflation quarter than quarter XXX quarter of of XXXX, quarter loss more financial posted of X%, in reached XXXX. efficiency quarter the As of quarter. third compared In improving in XXXX. second the in the XXXX quarter points expenses third due XX.X%, XX.X% income to tax statements. the effective third interest net the in XXXX, is XXXX, In XX.X%, level. quarter in higher the ARSXX.X while observed the and ratio above operating] decreased [net rate of second Banco XXXX. our position] of increased to XX basis billion Note of income fee monetary loss, billion plus quarter XX% second was the net XX% provided in higher Macro's the the XXXX, of in the XX% compared information XX.X% XXXX quarter from ARSXX.X quarter totaled Inflation plus results [other third [ph] to In [ph] income the
loans important peso of of XX% financing X% card over In Banco totaled sector XX% overdrafts and and terms market personal private growth, and to or as stand sector loan the quarter-on-quarter decreasing share financing financing ARSXX.X ARSXXX to U.S. while billion of XX% X% million. that commercial loans It decreased loans financing, decrease X%. XXXX billion mention X% consumer the lending, ARSXX.X with Within or ARSXX.X X.X%. reached year-over-year. is billion, dollar billion, decreased $XX credit decrease, decreased private while lending, September documents X% decreased bank's Macro's Within within or lower private out sector an respectively. a Meanwhile,
and sector On quarter-on-quarter, increase demand deposits increased or [ph] or deposits X% private totaled deposits increased sector Within billion] deposits decreased million. peso while or funding The or [XX%] private increased which [ph] by increased quarter-on-quarter led public X% year-on-year. U.S. XX% quarter-on-quarter. deposits ARS time billion, or increased the sector higher and dollar trillion sector in XX% decreased deposits, deposits ARSXX.X deposits, deposits billion while billion. or XXX.X ARSX.X ARSXX.X X% Private ARSXX.X side, while total [ARSXX.X X% billion, $XXX was XX%
of X.X%. Macro's September Banco of As accounts Banco deposits XXXX, deposits. market totaled of over XX% private as approximately represented share transactional Macro's total September XXXX
the reached quality, portfolio points third total measured ratio unchanged financial Banco coverage total over loans credit in as terms non-performing In loans of portfolio basis of non-performing Central losses at increased quarter were and rules, while XXX.XX%. asset the loans XXXX. allowance nonperformance ratio totaled commercial expected and X.XX%, Consumer non-performing Bank X.XX%, XX the under Macro's
be of Cambiarias ARSXXX.X and of May XX capitalization, of In monthly XX.X%. and/or y It an instalments. a should for of an kind in distribution ratio Banco de and excess aggregate capital Financieras total has Central Entidades to amount XX, accounted X billion, profits distribute of the of Banco on Tier terms Superintendencia in a of Bank which ARSXX.X capital that represented that it cash the ratio the equal us noted XX.X% decided S.A. Argentina be the of Macro to billion, consecutive authorize Republic and carried informed shall in Macro out
of aim ratio than capital. we has to remained XX%. in installments one of another total this The appropriate. pay quarter. have to this bank's deposit make more Bank and accounted the assets for As is XX date paid December. excess best will another banks use liquidity Liquid the Overall, The reached positive
We continue financial solid position. a showing
to under quality control efficiency and We working would like deposit time, this we our improve more and remain may standards, monitored. have. the take Asset closely to a questions base. well-optimized you At keep keep we on