Banco Macro Cleared for Billion-Peso Profit Distribution

Banco Macro (BMA) has released an update.

Banco Macro S.A. has received authorization from Argentina’s financial regulatory body to distribute profits totaling AR $294.13 billion, with payments to be adjusted to the currency value at the time of each installment. The distribution can be made in cash or kind, following the current ‘Distribution of Profits’ regulations.

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