SEC Comment Letter for Macro Bank (BMA) — Sep 16, 2025
Macro Bank Inc.
Date: Sept. 16, 2025 · CIK: 0001347426 · Accession: 0000000000-25-009991
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-32827
Letter
September 16, 2025 Jorge F. Scarinci Chief Financial Officer Macro Bank Inc. Avenida Eduardo Madero 1172, 24th Floor C1106ACY City of Buenos Aires Argentina Re:Macro Bank Inc. Form 20-F for Fiscal Year Ended December 31, 2024 File No. 001-32827 Dear Jorge F. Scarinci: We have limited our review of your filing to the financial statements and related disclosures and have the following comments. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 20-F for Fiscal Year Ended December 31, 2024 Analysis of the allowance for loan losses and other financing, page 134 1.Please tell us and revise future filings to clarify what “variations” represent in your ECL rollforwards. Credit loss expense on financial assets, page 162 2.Please provide us and revise future filings to disclose a breakdown of the credit loss expense on financial assets recognized in each period presented in your filing by nature of financial asset. Also, provide us a reconciliation of the credit loss expense recognized for loans and other financing to the ECL rollforward disclosed on page 134 for 2024 and 2023 and revise future filings as necessary to ensure investors understand the relationship between the credit loss recognized and the line-items included in the ECL rollforward.
September 16, 2025 Page 2 29. Income Tax, page F-71 3.Please revise future filings to separately quantify the impact of each material item resulting in a material difference between your effective tax rate and the amounts obtained by applying the current tax rate in Argentina to the income carrying amount. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Victor Cecco at 202-551-2064 or Michael Volley at 202-551-3437 with any questions. Sincerely, Division of Corporation Finance Office of Finance cc:Paola Gayoso
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September 16, 2025
Jorge F. Scarinci
Chief Financial Officer
Macro Bank Inc.
Avenida Eduardo Madero 1172, 24th Floor
C1106ACY City of Buenos Aires
Argentina
Re:Macro Bank Inc.
Form 20-F for Fiscal Year Ended December 31, 2024
File No. 001-32827
Dear Jorge F. Scarinci:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comments.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 20-F for Fiscal Year Ended December 31, 2024
Analysis of the allowance for loan losses and other financing, page 134
1.Please tell us and revise future filings to clarify what “variations” represent in your
ECL rollforwards.
Credit loss expense on financial assets, page 162
2.Please provide us and revise future filings to disclose a breakdown of the credit loss
expense on financial assets recognized in each period presented in your filing by
nature of financial asset. Also, provide us a reconciliation of the credit loss expense
recognized for loans and other financing to the ECL rollforward disclosed on page
134 for 2024 and 2023 and revise future filings as necessary to ensure investors
understand the relationship between the credit loss recognized and the line-items
included in the ECL rollforward.
September 16, 2025
Page 2
29. Income Tax, page F-71
3.Please revise future filings to separately quantify the impact of each material
item resulting in a material difference between your effective tax rate and the amounts
obtained by applying the current tax rate in Argentina to the income carrying
amount.
In closing, we remind you that the company and its management are responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of action by the staff.
Please contact Victor Cecco at 202-551-2064 or Michael Volley at 202-551-3437
with any questions.
Sincerely,
Division of Corporation Finance
Office of Finance
cc:Paola Gayoso