EM LATAM CREDIT: Argentina's Banco Macro Reports 1Q 2025 Earnings
May-29 16:06
Banco Macro (BMAAR; Caa2/-/CCC+)
"THE BANK’S NET INCOME totaled Ps.45.7 billion in 1Q25. This result was 59% or Ps.65.3 billion lower than the result posted in 4Q24." - Banco Macro
One of Argentina's largest banks, Banco Macro reported weaker results similar to other Argentine banks recently Banco Galicia and Supervielle.
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