Macro Bank Proposes AR$300 Billion Dividend, Subject to Central Bank Approval
Summary
Macro Bank Inc. announced a proposal for a significant AR$300 billion dividend, contingent on Central Bank approval, alongside the allocation of retained earnings for the fiscal year ended December 31, 2025.
Key Events
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Proposed AR$300 Billion Dividend
The company proposes to release AR$300,000,000,000 from its Optional Reserve Fund for Future Distribution of Profits for a cash or in-kind dividend, subject to prior authorization from the Central Bank of the Republic of Argentina (BCRA). The BCRA recently issued Communique 'A' 8410 on March 19, 2026, allowing financial institutions to distribute profits in three equal monthly installments, not exceeding 60% of net income for fiscal year 2025.
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Allocation of Retained Earnings
AR$290,438,875,537.79 in retained earnings as of December 31, 2025, are proposed for allocation: AR$57.9 billion to the Legal Reserve Fund, AR$13.7 billion to the Personal Asset Tax, and AR$218.9 billion to the Optional Reserve Fund for Future Distribution of Profits.
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Board Remuneration Decrease
The proposed remuneration for the Board of Directors for the fiscal year ended December 31, 2025, is AR$10,957,557,993.20 (nominal), representing a 9.23% nominal decrease compared to the previous year.
Analysis
Macro Bank Inc. has proposed a substantial dividend of AR$300 billion, to be paid in cash or in kind, pending authorization from the Central Bank of the Republic of Argentina (BCRA). This proposal, which represents a significant return of capital to shareholders, follows a recent BCRA communique (March 19, 2026) outlining conditions for profit distribution, including a limit of 60% of net income for fiscal year 2025 and payment in three monthly installments. The company also detailed the allocation of AR$290.4 billion in retained earnings to various reserve funds, strengthening its balance sheet. The proposed dividend, if approved, signals strong financial health and a commitment to shareholder returns, despite the regulatory conditions.
At the time of this filing, BMA was trading at $67.69 on NYSE in the Finance sector, with a market capitalization of approximately $4.7B. The 52-week trading range was $38.30 to $106.15. This filing was assessed with positive market sentiment and an importance score of 8 out of 10.