Banco Macro SA (BMA) has released an update.
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Banco Macro SA reported a significant decrease in net income for the first half of 2024, with a 55% drop compared to the same period last year. Despite a 17% increase in total financing and a 13% growth in total deposits quarter over quarter, the bank experienced a staggering 93% decrease in operating income after expenses compared to the first quarter. The bank maintains a strong solvency ratio, with a robust capital adequacy and liquid assets covering 98% of total deposits.
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