The financial entity explained that it is a measure taken given the context of market volatility and falling prices of Argentine assets. They highlighted the solidity of the firm’s balance sheet.
Banco Macro announced this Wednesday a plan to repurchase its shares for up to $225,000 millionapproximately equivalent to US$150 million, at the current exchange rate. The entity explained that the measure responds to the current national and international macroeconomic context and the fluctuation that the capital market has been experiencing, factors that had a strong impact on the valuation of local papers.
“From the Board of Directors and management of Banco Macro we consider that, in the context of market volatility and falling prices of Argentine assetsit is opportune to launch this buyback program, which is feasible given the solidity of the balance sheet and excess capital resulting from accumulated results that our Banco Macro has,” said the president of Banco Macro, Jorge Brito.
Jorge Brito
“This program is a concrete sign of our commitment and confidence in Argentinaas well as the conviction in the strength and future of the company. In its history, Macro has been consistent in giving these signals in periods of volatility, having executed successful buyback programs in 2008, 2011 and 2018,” the owner explained.
It is worth noting that this measure has already been taken by other companies, taking into account the stock market context. So far in 2025, the financial company’s stock has fallen 54.6% on Wall Streetwhere it is listed at $43.88, and 39.4% on the S&P Merval.
The details of Banco Macro’s share repurchase plan
The plan establishes the possibility of acquiring up to 30 million class B shares (nominal value $1 each), which represents less than 4.5% of the share capital. “This is within regulatory limits, since the maximum allowed for buybacks is 10%,” the company said.
He maximum price will be $7,500 per share and a period of 60 calendar days from publication in the Bulletin of the Buenos Aires Stock Exchange, with the possibility of renewal.
The Bank clarified that it will respect the normative limit which prevents daily repurchases from exceeding 25% of the average volume operated in the last 90 business days.
Source: Ambito
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