Banco Macro Announces Results for the Third Quarter of 2007

BUENOS AIRES, Argentina, Nov. 8 /PRNewswire/ -- Banco Macro S.A. (NYSE:BMA) ("Banco Macro", the "Bank" or "Macro") announced today its results for the three months ended September 30, 2007 ("3Q07"). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

    SUMMARY
    -- The Bank's net income totaled Ps.88 million.  This result was 17% or
       Ps.17.7 million lower than 3Q06's Ps.105.7 million. The annualized ROAE
       and ROAA reached 18.4% and 2.6%, respectively. The Bank's equity also
       increased by Ps.88 million in the quarter.
    -- Banco Macro decided not to take the option to value its portfolio as
       "investment" or "available for sale" pursuant to Communications "A"
       4698 and 4702 issued by the Central Bank.  The Bank continues to value
       its securities at market value.
    -- The Bank's net interest income was Ps.233 million, decreasing 0.3%
       Quarter-over-Quarter ("QoQ"). The Bond portfolio income declined 2.5%
       QoQ due to lower bond prices.
    -- Banco Macro's financing to the private sector increased 24% or
       Ps.1.8 billion QoQ and 59% or Ps.3.4 billion Year-over-Year ("YoY").
       Personal loans, which represent a strategic product for the Bank, once
       again led private loan portfolio growth. This product grew 27% QoQ and
       150% YoY.
    -- Total deposits grew 12% or Ps.1.5 billion QoQ, totalling Ps.13.5
       billion and represented 78% of the Bank's liabilities. Time deposits
       rose 15% QoQ.
    -- Banco Macro continued to have a strong solvency ratio, with excess
       capital of Ps.1.9 billion. In addition, the Bank's liquid assets
       remained at a high level, reaching 59.7% of total deposits.
    -- The Bank's asset quality improved to more attractive levels. In 3Q07,
       Banco Macro's PDLs-to-total loans ratio reached 1.34%, improving from
       2Q07's 1.55%.  The coverage ratio reached 157.1%.
A longer version of this press release with detailed information is available
                   on our web site: http://www.macro.com.ar

QUARTERLY CONFERENCE CALL

A conference call to discuss this press release will be held tomorrow, November 9, 2007, at 1:00 p.m. Buenos Aires time (11:00 a.m. EST), with the presence of Jorge Pablo Brito (Member of the Executive Committee), Guillermo Stanley (Board Member), Guillermo Goldberg (Deputy General Manager) and Jorge Scarinci (Financial and Investor Relations Manager). Dial in information:

                       (877) 723-9518 (Within the U.S.)
                      (719) 325-4758 (Outside the U.S.)
                            Conference ID: 4015571

Source: Banco Macro S.A.

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