Banco Macro (Buenos Aires/NYSE:BMA) posted good results in the last quarter of 2018, with a net gain that beat the annual inflation rate. The context of recession and inflation, however, hurt consumption-oriented credit, the efficiency ratio, and asset quality (although it remains within healthy margins). BMA closed fiscal year 2018 with a net result of ARS 15.8 billion, 55% on top of 2017 figures (ARS 10.1 billion).
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