Overall impact
C (46)

Commentary

Macro Bank is an average overall performer. With a 'C' rating of 45.9 for overall impact (33rd percentile compared to all companies), Macro Bank ranks 150th out of 180 industry peers, behind Popular, Bancolombia, Banco Santander Chile and 146 others, and ahead of Foreign Trade Bank of Latin America, National Bank of Kuwait, P&N Bank and 27 others. On top material causes for Macro Bank's industry (Banking), Macro Bank performs well in Sanitation Access (84.8 score) and performs poorly in Reduced Availability of Weapons (39.5 score), Arts and Culture Access (4.2), Affordable, Safe Housing (25.2) and 5 other causes where it received a 'D' or 'F' score.
Impact
Cause BMA
Peer rank
Overall impact

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Impact trend

Change in rating for overall impact

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Company
Employees
8,490
Sector
Financials
Industry
Banks
Sub-industry
Diversified Banks
SASB industry
Commercial Banks
Headquarters
Argentina
Share classes
BMA
Description
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, 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. Banco Macro S.A. also provides 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. Additionally, it offers information services comprising Datanet and Interpymes services to corporate customers, and Internet and mobile banking services. The company also provides 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.
Material causes
Ethos considers the following causes material for Macro Bank, based on its industry sub-industry Diversified Banks. Learn more about material causes in our methodology overview.

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