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Banco Macro closes a branch in San Juan province

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Banco Macro closes a branch in San Juan province

Argentina-based Banco Macro SA has closed its branch number 423 in General Acha, in the city of San Juan, the bank said in a filing. Clients from the branch will now be serviced at branch number 410 in the same city, the capital of San Juan province.

According to data from S&P Global Market Intelligence, Banco Macro has 483 branches, which makes it the private local bank with the largest branch network in the country.

The bank showed first-quarter net income of about 7.34 billion Argentine pesos, up from 3.56 billion pesos a year earlier, driven largely by gains from the sale of shares in Argentine payment processing firm Prisma Medios de Pago SA but also from transactional banking operations.