Banco Macro SA @ 2023-08-15

News Title: Argentina devalues its currency, jacks up interest rates after shock right-wing primary win
Description: Argentinian stocks and its sovereign dollar bonds were also lower Monday.
News Sentiment: 0.6000000000000001 (Very Positive)

Banco Macro S.A.

Sector: Financial Services

Industry: Banks—Regional

Full Time Employees: 7756


Long Business Summary:

Banco Macro S.A. provides various banking products and services to retail and corporate customers in Argentina. It offers various retail banking products and services, such as savings and checking accounts, time deposits, credit and debit cards, consumer finance loans, mortgage loans, automobile loans, overdrafts, credit-related services, home and car insurance coverage, tax collection, utility payments, automated teller machines (ATMs), and money transfers. The company also provides personal loans, document discounts, residential mortgages, overdrafts, pledged loans, and credit card loans to retail customers. In addition, it offers corporate banking products and services, including deposits, lending, check cashing advances and factoring, guaranteed loans, credit lines for financing foreign trade, and cash management services; and trust, payroll, and financial agency services, as well as corporate credit cards and other specialty products; and working capital facilities, credit for investment projects, and leasing and foreign trade transactions. Further, the company provides transaction services, such as cash management, collection services, payments to suppliers, payroll services, foreign exchange transactions, and foreign trade services; information services comprising Datanet and Interpymes services to corporate customers; and Internet and mobile banking services. Additionally, it offers short-term and medium-to-long-term corporate lending products. Banco Macro S.A. was incorporated in 1966 and is headquartered in Buenos Aires, Argentina.

Basic Chart

Banco Macro SA
Banco Macro SA

Technical Chart

Banco Macro SA
Banco Macro SA

Suggested Currency Pair: ARS/USD

Leave a Comment