SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

PURSUANT TO RULE 13a-16 OR 15d-16 OF THE

SECURITIES EXCHANGE ACT OF 1934

November 8, 2007

Commission File Number: 333-130901

MACRO BANK INC.

(Exact name of registrant as specified in its Charter)

Sarmiento 447

Buenos Aires C1 1041

Tel: 54 11 5222 6500

(Address of registrant’s principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F x Form 40-F o

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1):

Yes o No x

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7):

Yes o No x

Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing the information to

the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes o No x

If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- N/A

BANCO MACRO ANNOUNCES RESULTS FOR THE THIRD QUARTER OF 2007

Buenos Aires, Argentina, November 8, 2007 - Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) (“Banco Macro”, the “Bank” or “Macro”) announced today its results for the three month ended September 30, 2007 (“3Q07”). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

SUMMARY

·   The Bank’s net income totalled Ps.88 million. This result was 17% or Ps.17.7 million lower than 3Q06’s Ps.105.7 million. The annualized ROAE and ROAA reached 18.4% and 2.6%, respectively. The Bank’s equity also increased in Ps.88 million in the quarter.

·   Banco Macro decided not to take the option to value its portfolio as “investment” or “available for sale” pursuant to Communications “A” 4698 and 4702 issued by the Central Bank. The Bank continues to value its securities at market value.

·   The Bank’s net interest income was Ps.233 million, decreasing 0.3% Quarter-over-Quarter (“QoQ”). The Bond portfolio income declined 2.5% QoQ due to lower bond prices.

·   Banco Macro’s financing to the private increased 24% or Ps.1.8 billion QoQ and 59% or Ps.3.4 billion Year-over-Year (“YoY”). Personal loans, which represent a strategic product for the Bank, once again led private loan portfolio growth. This product grew 27% QoQ and 150% YoY.

·   Total deposits grew 12% or Ps.1.5 billion QoQ, totalling Ps.13.5 billion and represented 78% of the Bank’s liabilities. Time deposits rose 15% QoQ.

·   Banco Macro continued to have a strong solvency ratio, with excess capital of Ps.1.9 billion. In addition, the Bank’s liquid assets remained at a high level, reaching 59.7% of total deposits.

·   The Bank’s asset quality improved to more attractive levels. In 3Q07, Banco Macro’s PDLs-to-total loans ratio reached 1.34%, improving from 2Q07’s 1.55%. The coverage ratio reached 157.1%.

1

RESULTS

Earnings per share were Ps.0.13, 17% lower compared to 3Q06’s Ps.0.15 and 24% below 2Q07’s Ps.0.17.

EARNINGS PER SHARE	MACRO consolidated
	III06		IV06		I07		II07		III07
Net income (M $)		105.7		147.1		123.2		115.3		88.0
Average shares outstanding (M)		683.9		683.9		683.9		683.9		683.9
Book value per share ($)		3.17		3.38		3.56		3.58		3.71
Earnings per share ($)		0.15		0.22		0.18		0.17		0.13

Banco Macro’s 3Q07 net income of Ps.88.0 million decreased Ps.27.3 million or 24% QoQ, mainly due to lower net financial income (due to a decrease in the market value of the Government securities portfolio) which was partially offset by the increase in loan interest income. The higher financial expenses registered the increase in deposit base and higher administration expenses negatively affected 3Q07’s bottom line (see Financial Income, Financial Expense and Administrative Expense tables).

The Bank’s 3Q07 ROAE was 18.4%. Additionally, the obtained ROAE has a higher value considering the low leverage of Banco Macro’s balance sheet (7.8x assets-to-equity ratio).

INCOME STATEMENT	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Net financial income		211.5		238.8		259.6		233.8		233.0
Provision for loan losses		-20.4		-17.4		-17.3		-14.6		-29.8
Net fee income		97.2		114.5		114.7		121.1		125.6
		288.3		335.9		357.0		340.3		328.8
Administrative expense		-168.7		-210.1		-217.6		-229.0		-235.3
		119.6		125.8		139.4		111.3		93.5
		-1.7		-1.4		-0.9		-0.2		-0.4
Net other income		15.2		53.1		-1.2		28.1		11.6
Earnings before income tax		133.1		177.5		137.3		139.2		104.7
Income tax		-27.4		-30.4		-14.1		-23.9		-16.7
NET INCOME		105.7		147.1		123.2		115.3		88.0

The Bank’s financial income of Ps.440.0 million increased 9% or Ps.36.9 million QoQ.

In the quarter, interest on loans increased 16% QoQ and represented 62% of total financial income. This performance was in line with the sustained private sector loan growth (see “Private Sector Financing”). Within this segment, interest on documents grew 33% QoQ and interest on other loans (including interests on personal loans) increased by 23%.

2

Results generated by public and private securities decreased 2.5% QoQ, as a result of a smaller public securities portfolio in July and August, offset bye a steep improvement in September (NOBAC average portfolio increased 6% in the quarter). As of September 2007, the Bank’s Nobacs and Lebacs portfolio represented 91% of total public bonds. In addition, the Central Bank’s Notes portfolio, which is where the Bank allocates its excess liquidity, yields variable rate (Badlar interest rate + spread) and had an average duration of 6 months.

Finally, CER-adjusted income decreased Ps.10.4 million or 62%, due to the change in CPI (2Q07 CER index variation was 1.91% and in 3Q07 was 1.50%).

FINANCIAL INCOME	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Interest on cash and due from banks		3.7		3.3		5.2		2.8		6.6
Interest on loans to the financial sector		3.5		6.3		10.0		12.1		5.2
Interest on overdrafts		37.0		43.1		40.0		41.2		47.5
Interest on documents		15.4		21.9		23.9		27.9		37.1
Interest on mortgages		12.9		15.2		14.3		14.8		17.6
Interest on pledges		11.5		12.5		12.2		12.0		12.5
Interest on credit cards		8.5		10.3		11.6		13.0		13.7
Interest on other loans		69.7		88.3		100.4		115.0		140.9
Interest on other receivables from finan. interm.		4.2		4.3		4.2		4.8		5.7
Income from government & private securities (1)		99.3		97.7		126.5		86.6		84.4
		0.6		-0.6		0.0		1.0		0.5
Results of guaranteed loans		7.8		8.9		8.9		8.8		14.4
CER adjustment (2)		14.9		22.2		24.6		16.7		6.3
CVS adjustment		0.4		0.8		0.4		0.5		0.4
		8.7		9.1		2.7		15.5		13.8
Other		19.8		21.8		32.6		30.4		33.4
Total financial income		317.9		365.1		417.5		403.1		440.0
(1) Income from government & private securities
LEBAC / NOBAC		78.8		69.0		99.7		69.5		73.4
Other		20.5		28.7		26.8		17.1		11.0
TOTAL		99.3		97.7		126.5		86.6		84.4
(2) CER adjustment
Guaranteed loans		10.6		17.3		21.6		14.6		5.0
Loans to the private sector		3.0		2.9		2.3		1.8		1.0
Other		1.3		2.0		0.7		0.3		0.3
TOTAL		14.9		22.2		24.6		16.7		6.3

Financial expenses of Ps.207.0 million in 3Q07 climbed 22% QoQ mainly due to increased interest on deposits.

Interest on deposits represented 62% of total financial expenses. The private sector time deposit portfolio increased 15% QoQ. Therefore, the interest expense increase can be traced to time deposit portfolio growth and marginally to higher interest rates. As of September 2007, transactional accounts (current and saving accounts) represented 56% of Banco Macro’s total deposits; these are low cost accounts and are not sensitive to interest rate increases.

3

The "Other expense" line increased Ps.18.9 million QoQ. This growth was explained by the adjustments in the valuation of Public Sector Loans (guaranteed loans).

Interest on other liabilities from financial intermediation totaled Ps.21.6 million, growing Ps.3.9 million as compared to 2Q07. This was due to Senior Notes (Class 2) interest accrual, and mainly due to Senior Notes (Class 3), issued in June 2007, which only had an impact in this one month in 2Q07.

Finally, expenses originated by CER-adjustments decreased Ps.2.7 million or 26% QoQ due to the changes in the CPI.

The Bank’s net interest income of Ps.233 million was flat QoQ. This can be seen as positive since the increase in interest on loans offset the impact of lower bond prices and higher interest rates on deposits.

FINANCAL EXPENSES	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Interest on checking accounts		2.6		4.7		5.3		4.6		5.3
Interest on saving accounts		1.7		2.0		2.1		2.3		2.7
Interest on time deposits		70.3		77.9		89.7		97.7		119.3
		0.4		0.3		0.1		1.0		1.4
Interest on other liabilities from finanancial intermediation		4.0		3.5		9.8		17.7		21.6
		0.0		0.0		13.7		12.5		11.7
Other Interest		4.3		4.1		3.0		2.8		2.6
CER adjustments (3)		8.9		13.4		15.4		10.3		7.6
		3.3		3.1		4.3		7.3		2.5
Other Interest		10.9		17.3		14.3		13.3		32.3
Total Financial Expenses		106.5		126.3		157.7		169.5		207.0
(3) CER adjustments
Time deposits CER adjusted		2.5		3.6		3.5		2.5		1.8
Advance for Boden purchase		3.4		4.6		10.8		6.9		5.1
Other		3.0		5.3		1.1		0.9		0.7
TOTAL		8.9		13.5		15.4		10.3		7.6

Banco Macro’s net fee income of Ps.125.6 million grew 4% QoQ mainly due to the increase in deposit fees (11% QoQ), in line with deposit portfolio growth.

The service expense increase can be explained by service fees, taxes and expense in credit card operations.

4

NET FEE INCOME	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Fee charges on deposit accounts		80.5		97.9		96.7		103.6		115.2
Debit and credit card income		10.8		22.6		16.5		16.9		18.1
Other fees related to foreign trade		2.9		3.2		4.3		3.8		3.9
Credit-related fees		8.1		11.7		12.9		11.7		13.6
Lease of safe-deposit boxes		2.0		-3.8		3.1		3.4		3.8
Other		18.6		11.1		13.4		13.9		14.1
Total fee income		122.9		142.7		146.9		153.3		168.7
Total fee expenses		25.8		28.2		32.2		32.2		43.1
Net fee income		97.1		114.5		114.7		121.1		125.6

In 3Q07, Banco Macro’s administrative expenses of Ps.235.3 million grew by 3% compared to the previous quarter’s level of Ps.229.0 million.

Personnel expenses increased Ps.9.1 million QoQ due to the higher number of employees and remuneration while advertising expenses rose Ps.3.4 million.

The Bank’s efficiency ratio (cost-to-income) slightly deteriorated to 65.6% due to lower net interest income. However, net fee income to expenses ratio improved to 53.4% from 2Q07’s level of 52.9%.

One of Banco Macro’s challenges is to improve its efficiency performance by increasing its interest and fee income at a higher rate than expenses. It is not easy to reduce the nominal level of expenses in an inflationary economy.

ADMINISTRATIVE EXPENSES	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Personnel expenses		103.0		132.0		137.7		138.1		147.2
Fees to directors & statutory auditors		2.5		3.0		3.5		14.8		3.8
Other profesional fees		10.1		11.5		9.6		9.1		9.5
Advertising & publicity		9.2		10.0		9.5		10.4		13.8
Taxes		1.8		3.2		3.1		2.9		3.8
Equipment depreciation		8.2		9.4		9.8		9.9		10.5
Organization expenses amortization		3.4		3.9		3.8		4.0		4.5
Other operating expenses		26.1		33.0		35.5		35.1		37.5
Other		4.4		4.1		5.0		4.7		4.8
Total Administrative Expenses		168.7		210.1		217.6		229.0		235.4
Total Employees		7.500		7.585		7.635		7.767		7.848
Branches		437		433		429		428		428

The Bank’s net other income totalled Ps.11.6 million, 59% lower than 2Q07. This can be explained by a decrease in loans recovered and reversal of provisions.

5

The decrease in the “Other expense” line was due to the Senior Notes (Class 3) fees accounted for in 2Q07.

NET OTHER INCOME	MACRO consolidated
Other Income	III06		IV06		I07		II07		III07
Penalty interest		1.2		2.1		1.4		1.5		2.2
Recovered loans and allowances reversed		34.0		98.8		27.4		49.1		35.7
Other		6.3		6.0		5.5		13.3		7.9
Total Other Income		41.5		106.9		34.3		63.9		45.8
Other Expense
Uncollected charges for other loans and other provisions		3.3		13.2		4.7		1.1		5.6
Difference in amparos amortization		5.4		5.6		5.7		5.9		8.7
Depreciation and loss of other assets		1.8		0.6		3.0		0.9		0.9
Goodwill amortization		1.8		1.6		2.3		2.3		2.3
Other Expense		14.1		32.8		19.8		25.6		16.7
Total Other Expense		26.4		53.8		35.5		35.8		34.2
Net Other Income		15.1		53.1		-1.2		28.1		11.6

6

FINANCIAL ASSETS

Private sector financing

The volume of “core” financing to the private sector continued growing at attractive rates (59% or Ps.3.4 billion YoY and 24% or Ps. 1.8 billion QoQ), netting the effects related to the Bank’s liquidity management policy (advances to AAA rated companies) and adding the Bank’s personal financial trust and leasing portfolio. In 3Q07, Banco Macro gained market share since overal loan growth was only 11.4%.

The Bank’s lending portfolio expansion was mainly due to by overdrafts, documents and consumer loans. Overdrafts increased 46% QoQ or Ps.455.5 million (AAA loans mainly) and documents 48% QoQ or Ps.308.8 million. Personal loans climbed 27% QoQ or Ps.595.9 million and 150% or Ps.1.66 billion YoY.

Finally, leasing loans also evolved favourably (up 13% QoQ and 48% YoY), and financial trusts rose 11% QoQ and 33% YoY.

PRIVATE SECTOR LOAN PORTFOLIO	MACRO consolidated					Variation
In MILLION $	III06	IV06	I07	II07	III07	QoQ	YoY
Overdrafts (total)	1,150.4	1,103.3	1,015.3	981.5	1,437.0	46%	25%
Overdrafts	552.6	675.9	581.1	674.5	760.2
AAA (liquidity administration)	597.8	427.4	434.2	307.0	676.8
Discounted documents	509.7	543.7	575.0	638.4	947.2	48%	86%
Mortgages	417.1	426.1	447.7	477.2	575.3	21%	38%
Pledges	298.7	300.9	294.1	291.7	324.3	11%	9%
Consumer	1,103.5	1,431.1	1,761.8	2,167.3	2,763.2	27%	150%
Credit Cards	452.7	497.9	538.0	589.6	635.6	8%	40%
Others	1,172.5	1,131.3	1,379.2	1,441.1	1,584.9	10%	35%
Total loans	5,104.6	5,434.3	6,011.1	6,586.8	8,267.5	26%	62%
Financial trusts	404.1	373.7	489.1	482.1	537.0	11%	33%
Leasing	252.0	282.1	310.7	331.1	373.6	13%	48%
Total credit to the private sector	5,760.7	6,090.1	6,810.9	7,400.0	9,178.1	24%	59%
Total credit w/o liquidity administration	5,162.9	5,662.7	6,376.7	7,093.0	8,501.3	20%	65%

PUBLIC SECTOR ASSETS

The Bank’s exposure of public sector assets (net of LEBAC / NOBAC) to total assets ratio narrowed to 5.9% from 2Q07’s level of 7.4% and last year’s level of 10.0%, and was also lower than the system-wide average of 11%.

It is important to mention that the bank records all its securities at market value. Banco Macro decided not to take the option to value its portfolio as “investment” or “available for sale” as pursuant to Communications “A” 4698 and 4702 issued by the Central Bank.

7

PUBLIC SECTOR ASSETS	MACRO consolidated
In MILLION $	III06			IV06			I07			II07			III07			Val
LEBAC / NOBAC B.C.R.A.		2,532.9			2,373.5			3,449.7			3,670.9			3,853.6			VM
Secured bonds		29.1			0.1			0.0			0.0			0.0			VM
Compensation receivable bond		0.0			0.0			0.0			0.0			0.0			VT
Other		317.2			286.0			243.0			357.2			268.2			VM
Government securities		2,879.2			2,659.6			3,692.7			4,028.1			4,121.8
Guaranteed loans		780.0			771.4			793.5			763.1			750.2			A3911
Provincial loans		1.0			0.3			1.2			0.2			0.4			VP
Government securities loans		38.6			2.5			11.1			8.8			14.5			VM
Loans		819.6			774.1			805.8			772.1			765.1
Compensation to be received		0.0			0.0			0.0			0.0			0.0			VT
Purchase of government bonds		175.3			548.5			207.8			190.6			111.0			VM
Other receivables for financial intermediation		175.3			548.5			207.8			190.6			111.0
Boden 2005, 2007, 2008, 2012 & 2013 to collect		15.8			16.9			17.4			15.7			14.5			VM
Other receivables		15.8			16.9			17.4			15.7			14.5
TOTAL ASSETS		3,889.9			3,999.1			4,723.7			5,006.5			5,012.4
TOTAL LIABILITIES		727.0			551.4			852.7			831.7			642.9
Net exposure		3,162.9			3,447.8			3,871.0			4,174.8			4,369.5
TOTAL PUBLIC SECTOR ASSETS (net of LEBAC / NOBAC )		1,357.0			1,625.6			1,274.0			1,335.6			1,158.8
TOTAL PUBLIC SECTOR ASSETS (net of LEBAC / NOBAC) /TOTAL ASSETS		10.0	%		11.2	%		7.6	%		7.4	%		5.9	%
Net exposure (net of LEBAC/NOBAC) / TOTAL ASSETS		4.6	%		7.4	%		2.5	%		2.8	%		2.6	%

FUNDING

Banco Macro’s deposit base reached Ps.13.5 billion; this is the most important source of funds for the Bank (78% of total liabilities). Deposits grew by 12% or Ps.1.5 billion QoQ. Once again, Banco Macro gained market share since system-wide deposit growth was only 4.8% in 3Q07.

Banco Macro’s private sector deposits grew 10% or Ps.1.1 billion QoQ. This expansion was mainly due to time deposits, which grew 15% QoQ and represented 44% of the Bank’s total deposit base. In the quarter, saving accounts also grew by 15%.

Finally, public sector deposits grew 24% or Ps.393.8 million QoQ.

DEPOSITS	MACRO consolidated										Variation
In MILLION $	III 06		IV 06		I 07		II 07		III 07		quarterly			anual
Public sector		1,452.1		1,295.6		1,247.1		1,650.1		2,043.9		24	%		41	%
Financial sector		10.4		5.1		6.0		9.4		9.3		-1	%		-10	%
Private sector		8,225.3		8,770.3		9,730.5		10,363.0		11,419.3		10	%		39	%
Current accounts		1,667.6		1,876.2		2,085,0		2,415.8		2,370,0		-2	%		42	%
Savings accounts		1,624.1		2,097.4		2,070.8		2,261.8		2,603.8		15	%		60	%
Time deposits		4,514.3		4,381,0		5,140.8		5,176.3		5,947.8		15	%		32	%
Other		419.3		415.7		433.9		509.1		497.7		-2	%		19	%
TOTAL		9,687.8		10,071.0		10,983.6		12,022.5		13,472.5		12	%		39	%

8

Other sources of funds

The Bank’s other sources of funds increased by 2% or Ps.81.2 million QoQ.

The increase in the “subordinated corporate bonds” line can be traced to the conversion to Argentine pesos of the debt into dollars at a higher exchange rate. While the decrease in the “Central Bank” line was due to the partial amortization of Suquía’s (Ps.37.4 million) and Bisel’s (Ps.33.3 million) debt with the Central Bank paid in August 2007.

OTHER FUNDING	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Central Bank		375.3		386.2		394.1		402.7		339.0	(1) (2	)
Banks and international institutions		179.8		182.4		163.7		166.1		167.6
Financing received from Argentine financial institutions		47.1		68.2		57.4		92.2		130.3
Subordinated corporate bonds		56.8		507.8		526.3		481.0		501.5	(3	)
Unsubordinated corporate bonds		0.0		0.0		465.7		790.2		787.0	(4) (5	)
Shareholders´ equity		2,167.9		2,315.0		2,438.2		2,450.9		2,538.9
Total Funding		2,826.9		3,459.6		4,045.4		4,383.1		4,464.3

(1 Nuevo Banco Suquía S.A. - Rediscount for aqcuisition of BODEN Ps.179 million

(2) Nuevo Banco Bisel S.A. Incorporation - Rediscount for aqcuisition of BODEN Ps.159 million

(3) Banco Macro S.A. - Subordinated Bond Class 1 USD 150,000,000

(4) Banco Macro S.A. -Unsubordinated Bond Class 2 USD 150,000,000

(5) Banco Macro S.A.- Unsubordinated Bond Class 3 USD 100,000,000

Banco Macro’s annual average cost of funds of 5.0% is one of the lowest in Argentina’s banking sector. Due to the large NUMBER of transactional accounts held by Banco Macro, the quarterly increase in the Bank’s cost of funds was only 50 bp.

LIQUID ASSETS

The Bank’s liquid assets increased 4% or Ps.334.8 million QoQ, mainly due to the expansion in AAA overdrafts (Ps.369.8 million) and the LEBAC/NOBAC portfolio (Ps.349.8 million) growth. This was partially offset by a reduction in “Call” of Ps.454.4 million.

Banco Macro’s liquid asset-to-deposits ratio remained at 59.7% and was higher than Argentina’s banking sector average of 42.3%. A conservative liquidity level was, is and will be Banco Macro’s strategic policy.

9

LIQUID ASSETS	MACRO consolidated
In MILLION $	III06			IV06			I07			II07			III07
Cash		2,050.3			2,626.9			1,924.1			2,472.8			2,567.6
Guarantees for compensating chambers		138.8			115.7			149.0			156.5			154.2
Loans to AAA companies		597.8			427.4			434.2			307.0			676.8
Call		237.0			395.0			584.0			483.0			28.6
Repos		28.0			214.2			90.9			48.1			25.2
LEBAC / NOBAC		2,686.5			2,787.0			3,997.5			4,236.2			4,586.0
TOTAL		5,738.4			6,566.2			7,179.7			7,703.6			8,038.4
Liquid assets to total deposits		59.2	%		65.6	%		65.3	%		64.0	%		59.7	%

SOLVENCY

In 3Q07, Banco Macro had excess capital of Ps.1.9 billion (higher than the required capital of Ps.951 million). This increase can be traced to a reduction in the required capital coming from a lower net negative global position in foreign currency.

The capitalization ratio was 28.1%, well above the 10.5% minimum required by the Central Bank.

The main target for the Bank’s excess capital is growth with the consequent higher leverage of its balance sheet.

MIN.CAP.REQUIREMENT	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Credit requirements		582		651		714		764		799
Market risk requirements		56		61		80		85		127
Interest rate requirements		4		16		7		6		7
Incremental requirements		0		13		73		129		18
Integrated capital		2.104		2.656		2.810		2.710		2.852
Excess capital		1.462		1.915		1.936		1.726		1.901

ASSET QUALITY

Banco Macro continued improving its asset quality ratios. In 3Q07, NPLs accounted for 1.34% of total financing compared to the 1.55% posted in 2Q07. This improvement can be traced to the combined effect of an increase in the Bank’s loan book and stability in the NPLs portfolio.

The asset quality standard obtained is highly valued considering that Banco Macro has incorporated two regional banks (Suquía and Bisel) in the last two years.

The coverage ratio continued at an attractive level of 157.1%.

10

ASSET QUALITY	MACRO consolidated
In MILLION $	III06			IV06			I07			II07			III07
Commercial portfolio		4,087.1			4,097.3			4,537.5			4,517.6			4,981.7		4,981.7
Irregular		78.2			65.8			50.5			47.2			47.3		47.3
Consumer portfolio		2,900.0			3,350.7			3,778.0			4,267.4			5,057.8		5,057.8
Irregular		82.1			81.6			86.1			88.9			87.5		87.5
Total portfolio		6,987.1			7,448.0			8,315.5			8,785.0			10,039.5		10,039.5
Irregular		160.3			147.4			136.6			136.2			134.8		134.8
Irregular / total portfolio		2.29	%		1.98	%		1.64	%		1.55	%		1.34	%	1.34	%
Total provisions		235.7			230.4			231.8			216.9			211.8		211.8
Coverage ratio		147.05	%		156.34	%		169.69	%		159.25	%		157.12	%	157.12	%

CER EXPOSURE AND FOREIGN CURRENCY POSITION

CER EXPOSURE	MACRO consolidated
In MILLION $	III 06		IV 06		I 07		II 07		III 07
CER adjustable ASSETS
Government securities		309.0		116.3		95.9		100.5		94.0
Guaranteed loans		778.6		769.6		792.4		760.7		749.0
Loans to the private sector		139.3		93.8		69.4		70.0		57.0
Other loans		79.9		19.3		19.6		17.0		16.1
Loans		997.8		882.7		881.4		847.7		822.1
Other credit for financial Intermediation
Leasing		5.3		4.9		4.5		4.5		4.3
Other loans		10.4		13.0		12.6		12.5		12.9
Total CER adjustable assets		1,322.5		1,016.9		994.4		965.2		933.3
CER adjustable LIABILITIES
Deposits		155.3		132.6		139.8		125.6		92.9
Other liabilities for financial intermediation		414.6		423.7		434.3		441.4		379.9
Subordinated debt		6.3		3.0		2.7		2.8		2.4
Total CER adjustable liabilities		576.2		559.3		576.8		569.8		475.2
NET ASSET CER EXPOSURE		746.3		457.6		417.6		395.4		458.1

11

FX CURRENCY POSITION	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Cash		745.7		1,029.3		766.1		1,226.1		1,262.4
Government Securities		370.8		247.9		344.4		333.2		187.4
Loans		809.5		776.3		1,028.8		1,143.2		1,497.9
Other receivables from financial intermediation		297.9		274.5		467.9		158.9		228.0
Investments in other companies		1.6		1.6		1.6		1.3		1.3
Other Loans		11.8		14.3		18.3		35.0		21.2
Other assets		0.0		0.0		0.0		0.0		19.0
TOTAL ASSETS		2,237.3		2,343.9		2,627.1		2,897.7		3,217.2
Deposits		1,665.3		1,591.9		1,770.8		1,928.6		2,089.5
Other liabilities from financial intermediation		442.6		425.9		1,104.8		863.7		901.4
Other liabilities		4.4		3.8		3.6		4.7		5.3
Subordinated corporate bonds		50.3		504.8		523.6		478.2		499.1
Provisions		0.0		0.0		0.0		0.0		0.0
pending items
TOTAL LIABILITIES		2,162.6		2,526.4		3,402.8		3,275.2		3,495.3
NET FX POSITION		74.7		-182.5		-775.7		-377.5		-278.1

12

RELEVANT AND RECENT EVENTS

ü   In August 2007, Nuevo Banco Suquía (NBS) and Nuevo Banco Bisel (NBB) partially amortized their debt with the Central Bank. NBS paid Ps.37.4 million while NBB paid Ps.33.3 million.

ü   On October 16, 2007 Banco Macro S.A. and Nuevo Banco Suquía S.A. successfully merged.

ü   Banco Macro decided not to take the option to value its portfolio as “investment” or “available for sale” pursuant to Communications “A” 4698 and 4702 issued by the Central Bank. The Bank continues to value its securities at market value.

QUARTERLY CONFERENCE CALL

A conference call to discuss this press release will be held tomorrow November 9, 2007 at 1:00 p.m. Buenos Aires time (11:00 a.m., New York time), with the presence of Jorge Pablo Brito (Member of the Executive Committee), Guillermo Stanley (Board Member), Guillermo Goldberg (Deputy General Manager) and Jorge Scarinci, (Financial and Investor Relations Manager). Dial in information:

(877) 723-9518 (Within the U.S.)

(719) 325-4758 (Outside the U.S.)

Conference ID: 4015571

13

DISCLAIMER

This press release includes forward-looking statements. We have based these forward-looking statements largely on our current beliefs, expectations and projections about future events and financial trends affecting our business. Many important factors could cause our actual results to differ substantially from those anticipated in our forward-looking statements, including, among other things: inflation; changes in interest rates and the cost of deposits; government regulation; adverse legal or regulatory disputes or proceedings; credit and other risks of lending, such as increases in defaults by borrowers; fluctuations and declines in the value of Argentine public debt; competition in banking, financial services; deterioration in regional and national business and economic conditions in Argentina; and fluctuations in the exchange rate of the peso.

The words “believe,” “may,” “will,” “aim,” “estimate,” “continue,” “anticipate,” “intend,” “expect” and similar words are intended to identify forward-looking statements. Forward-looking statements include information concerning our possible or assumed future results of operations, business strategies, financing plans, competitive position, industry environment, potential growth opportunities, the effects of future regulation and the effects of competition. Forward-looking statements speak only as of the date they were made, and we undertake no obligation to update publicly or to revise any forward-looking statements after we distribute this press release because of new information, future events or other factors. In light of the risks and uncertainties described above, the forward-looking events and circumstances discussed in this press release might not occur and are not guarantees of future performance.

This report is a summary analysis of Banco Macro's financial condition and results of operations as of and for the period indicated. For a correct interpretation, this report must be read in conjunction with all other material periodically filed with the Comisión Nacional de Valores (www.cnv.gov.ar), the Securities and Exchange Commission (www.sec.gov), the Bolsa de Comercio de Buenos Aires (www.bolsar.com.ar) and the New York Stock Exchange (www.nyse.com). In addition, the Central Bank (www.bcra.gov.ar) may publish information related to Banco Macro as of a date subsequent to the last date for which the Bank has published information.

Readers of this report must note that this is a translation made from an original version written and expressed in Spanish. Consequently, any matters of interpretation should be referred to the original version in Spanish.

INVESTOR RELATIONS CONTACTS:

In Buenos Aires:

Jorge Scarinci, CFA

Finance Manager and Head of Investor Relations

Tel: +5411-5222-6730

E-mail: investorelations@macro.com.ar

Visit the Bank’s website at http://www.macro.com.ar

14

BALANCE SHEET	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
ASSETS		13,578.0		14,505.0		16,783.0		17,963.1		19,731.6
Cash		2,050.3		2,626.9		1,924.1		2,472.8		2,567.6
Government Securities		3,227.1		3,223.0		4,485.7		4,811.0		4,946.2
Lebac/Nobac		2,686.5		2,787.0		3,997.5		4,236.2		4,586.0
Other		540.6		436.0		488.2		574.8		360.2
Loans		6,004.7		6,527.1		7,327.5		7,799.9		9,015.9
To the non-Financial Government Sector		783.8		774.3		796.8		765.0		752.8
To the Financial Sector		237.0		436.9		635.5		544.4		80.5
To the non-financial private sector		4,984.0		5,315.9		5,895.1		6,490.5		8,182.6
-Overdrafts		1,150.4		1,103.3		1,015.3		981.5		1,437.0
-Discounted documents		509.7		543.7		575.0		638.4		947.2
-Mortgages		417.1		426.1		447.7		477.2		575.3
-Pledges		298.7		300.9		294.1		291.7		324.3
-Consumer		1,103.5		1,431.1		1,761.8		2,167.3		2,763.2
-Credit cards		452.7		497.9		538.0		589.6		635.6
-Other		1,172.5		1,131.3		1,379.2		1,441.1		1,584.9
- Less: int. doc., cotiz dif.		94.8		90.1		93.1		98.2		108.5
- Provisions		-215.4		-208.6		-209.1		-194.5		-193.4
Other receivables from financial intermediation		1,152.7		914.6		1,808.2		1,549.5		1,740.5
Investments in other companies		15.2		10.4		10.4		10.8		10.4
Other receivables		186.5		193.4		187.9		233.2		265.5
Other assets		941.5		1,009.6		1,039.2		1,085.9		1,185.5
LIABILITIES		11,410.1		12,190.0		14,344.8		15,512.3		17,192.8
Deposits		9,687.8		10,071.0		10,983.6		12,022.6		13,472.5
From the non-financial government sector		1,452.1		1,295.6		1,247.1		1,650.2		2,043.9
From the financial sector		10.4		5.1		6.0		9.4		9.3
From the non-financial private sector		8,225.3		8,770.3		9,730.5		10,363.0		11,419.3
-Checking accounts		1,667.6		1,876.2		2,085.0		2,415.8		2,370.0
-Savings accounts		1,624.1		2,097.4		2,070.8		2,261.8		2,603.8
-Time deposits		4,514.3		4,381.0		5,140.8		5,176.3		5,947.8
-Other		419.3		415.7		433.8		509.1		497.7
Other liabilities from financial intermediation		1,352.4		1,237.1		2,480.5		2,726.6		2,858.1
Subordinated corporate bonds		56.8		507.8		526.3		481.0		501.5
Other liabilities		313.1		374.1		354.4		282.1		360.7
STOCKHOLDERS´ EQUITY		2,167.9		2,315.0		2,438.2		2,450.8		2,538.9
LIABILITIES + STOCKHOLDERS´ EQUITY		13,578.0		14,505.0		16,783.0		17,963.1		19,731.7

15

BALANCE SHEET	SUQUÍA
In MILLION $	III06		IV06		I07		II07		III07
ASSETS		3,385.7		3,701.6		4,137.9		4,465.0		4,718.4
Cash		514.2		517.7		407.9		437.3		532.5
Government Securities		831.1		726.4		883.8		994.6		1,028.8
Loans		1,579.6		1,788.8		1,949.2		2,071.0		2,148.6
To the non-Financial Government Sector		229.4		232.9		240.3		205.7		204.5
To the Financial Sector		25.0		195.9		241.3		320.0		14.5
To the non-financial private sector		1,368.4		1,403.2		1,509.8		1,587.1		1,971.0
-Overdrafts		212.7		191.5		186.5		118.0		262.3
-Discounted documents		151.8		171.6		180.1		218.7		227.6
-Mortgages		176.0		189.6		201.4		215.4		242.8
-Pledges		175.3		173.1		162.1		158.6		191.0
-Consumer		158.5		205.5		251.2		320.7		427.3
-Credit cards		109.6		119.3		126.1		136.8		148.1
-Other		347.1		319.9		371.0		387.8		438.2
- Less: int. doc., cotiz dif.		37.4		32.8		31.4		31.1		33.7
- Provisions		-43.2		-43.2		-42.2		-41.8		-41.4
Other receivables from financial intermediation		51.3		232.4		438.2		458.3		463.7
Investments in other companies		185.4		195.4		204.9		232.2		239.0
Other receivables		42.5		40.0		42.6		46.6		50.9
Other assets		181.5		200.9		211.3		225.0		254.9
LIABILITIES		2,752.9		2,970.8		3,349.2		3,631.3		3,836.9
Deposits		2,437.2		2,482.2		2,671.4		2,891.3		3,079.1
From the non-financial government sector		2.3		3.3		2.6		1.8		2.0
From the financial sector		2.9		1.4		1.7		0.6		1.9
From the non-financial private sector		2,432.0		2,477.5		2,667.1		2,888.9		3,075.2
-Checking accounts		605.5		634.4		662.8		757.1		830.6
-Savings accounts		443.5		464.2		472.6		505.2		531.1
-Time deposits		1,224.4		1,228.2		1,364.9		1,452.3		1,533.0
-Other		158.6		150.7		166.8		174.3		180.5
Other liabilities from financial intermediation		257.0		425.7		613.7		667.7		657.0
Subordinated corporate bonds		0.0		0.0		0.0		0.0		0.0
Other liabilities		58.7		62.9		64.1		72.3		100.8
STOCKHOLDERS´ EQUITY		632.8		730.8		788.7		833.7		881.6
LIABILITIES + STOCKHOLDERS´ EQUITY		3,385.7		3,701.6		4,137.9		4,465.0		4,718.5

16

BALANCE SHEET	BISEL
In MILLION $	III06		IV06		I07		II07		III07
ASSETS		2,633.2		2,867.9		2,971.7		3,434.2		3,513.6
Cash		308.2		348.5		288.3		366.1		400.8
Government Securities		895.4		803.7		1,115.9		1,177.4		1,089.5
Loans		1,144.6		1,177.0		1,108.1		1,308.5		1,450.4
To the non-Financial Government Sector		175.2		179.1		183.5		187.4		182.7
To the Financial Sector		70.1		80.3		60.1		0.0		0.1
To the non-financial private sector		928.9		945.4		889.7		1,150.2		1,295.2
-Overdrafts		417.5		335.7		190.6		326.2		237.6
-Discounted documents		111.3		130.5		139.7		164.4		279.4
-Mortgages		65.7		66.2		64.3		68.6		89.8
-Pledges		49.6		59.8		67.6		72.9		77.7
-Consumer		66.9		103.1		149.6		202.1		284.9
-Credit cards		124.3		142.8		151.4		168.9		176.3
-Other		72.6		82.8		102.3		120.8		122.7
- Less: int. doc., cotiz dif.		21.0		24.5		24.1		26.2		26.8
- Provisions		-29.6		-27.9		-25.2		-29.0		-27.6
Other receivables from financial intermediation		143.8		382.6		302.3		401.6		368.1
Investments in other companies		1.3		1.3		1.3		1.3		1.3
Other receivables		15.7		21.6		19.8		40.8		41.9
Other assets		124.2		133.2		136.0		138.5		161.6
LIABILITIES		1,761.5		1,952.7		2,015.1		2,426.1		2,475.6
Deposits		1,430.5		1,408.8		1,556.5		1,844.9		1,951.0
From the non-financial government sector		13.8		12.7		17.0		23.6		19.7
From the financial sector		4.2		1.2		0.5		0.5		0.5
From the non-financial private sector		1,412.5		1,394.8		1,539.0		1,820.8		1,930.8
-Checking accounts		354.2		338.5		369.0		505.5		498.1
-Savings accounts		358.7		375.6		400.0		454.5		478.8
-Time deposits		631.2		600.6		699.5		786.4		877.9
-Other		68.3		80.1		70.5		74.5		76.0
Other liabilities from financial intermediation		299.5		507.4		422.8		546.9		472.6
Subordinated corporate bonds		0.0		0.0		0.0		0.0		0.0
Other liabilities		31.5		36.5		35.8		34.3		52.0
STOCKHOLDERS´ EQUITY		871.8		915.2		956.6		1,008.1		1,038.0
LIABILITIES + STOCKHOLDERS´ EQUITY		2,633.3		2,867.9		2,971.7		3,434.2		3,513.6

17

INCOME STATEMENT	MACRO consolidated
In MILLION $	III06		IV06		I07		II07		III07
Financial income		317.9		365.1		417.5		403.1		440.0
Interest on cash and due from banks		3.7		3.3		5.2		2.8		6.6
Interest on loans to the financial sector		3.5		6.3		10.0		12.1		5.2
Interest on overdrafts		37.0		43.1		40.0		41.2		47.5
Interest on documents		15.4		21.9		23.9		27.9		37.1
Interest on mortgages		12.9		15.2		14.3		14.8		17.6
Interest on pledges		11.5		12.5		12.2		12.0		12.5
Interest on credit cards		8.5		10.3		11.6		13.0		13.7
Interest on other loans		69.7		88.3		100.4		115.0		140.9
Income from government & private securities		99.3		97.7		126.5		86.6		84.4
Net options results		0.6		-0.6		0.0		1.0		0.5
Results of guaranteed loans		7.8		8.9		8.9		8.8		14.4
Interest on other receivables from fin. intermediation		4.2		4.3		4.2		4.8		5.7
CER adjustment		14.9		22.2		24.6		16.7		6.3
CVS adjustment		0.4		0.8		0.4		0.5		0.4
Difference in Foreign Exchange		8.7		9.1		2.7		15.5		13.8
Other		19.8		21.8		32.6		30.4		33.3
Financial expense		-106.5		-126.3		-157.7		-169.5		-207.0
Interest on checking accounts		-2.6		-4.7		-5.3		-4.6		-5.3
Interest on saving accounts		-1.7		-2.0		-2.1		-2.3		-2.7
Interest on time deposits		-70.3		-77.9		-89.7		-97.7		-119.3
Interest on loans from the financial sector		-0.4		-0.3		-0.1		-1.0		-1.4
Interest on other loans from the financial sector		-0.1		-0.2		-0.1		0.0		0.0
Interest on subordinated notes		0.0		0.0		-13.7		-12.5		-11.7
Other Interest		-4.3		-4.1		-3.0		-2.8		-2.6
Net Income from government securities		0.0		0.0		0.0		0.0		0.0
Net Income from options		0.0		-0.4		-0.5		0.5		0.0
Interest on other receivables from fin. intermediation		-40.0		-3.5		-9.8		-17.7		-21.6
CER adjustments		-8.9		-13.4		-15.4		-10.3		-7.6
Deposits guarantee fond		-3.3		-3.1		-4.3		-7.3		-2.5
Other Interest		-10.8		-16.7		-13.7		-13.8		-32.3
Net financial income		211.5		238.8		259.6		233.8		233.0
Provision for loan losses		-20.4		-17.4		-17.3		-14.6		-29.8
Fee income		122.9		142.7		146.9		153.3		168.7
Fee expense		-25.7		-28.2		-32.2		-32.2		-43.1
Net fee income		97.2		114.5		114.7		121.1		125.6
Administrative expense		-168.7		-210.1		-217.6		-229.0		-235.3
Minority interest		-1.7		-1.4		-0.9		-0.2		-0.3
Net other income		15.2		53.1		-1.2		28.1		11.6
Earnings before income tax		133.1		177.5		137.3		139.2		104.7
Income tax		-27.4		-30.4		-14.1		-23.9		-16.7
Net income		105.7		147.1		123.2		115.3		88.0

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INCOME STATEMENT	SUQUÍA
In MILLION $	III06		IV06		I07		II07		III07
Financial income		91.7		90.9		102.9		96.6		97.1
Interest on cash and due from banks		-0.1		0.4		0.4		0.3		1.1
Interest on loans to the financial sector		-0.5		2.4		3.5		5.1		2.3
Interest on overdrafts		10.9		9.7		8.7		9.0		10.3
Interest on documents		5.2		5.2		5.2		5.8		7.4
Interest on mortgages		6.0		6.8		6.4		6.6		7.6
Interest on pledges		7.4		7.4		7.0		6.6		7.2
Interest on credit cards		2.2		2.5		2.7		3.3		3.5
Interest on other loans		12.1		15.2		17.0		19.5		25.3
Income from government & private securities		29.6		19.8		28.1		16.3		10.5
Net options results		0.0		0.0		0.0		0.0		0.0
Results of guaranteed loans		2.3		2.6		2.4		2.3		2.1
Interest on other receivables from fin. intermediation		2.9		1.1		1.1		1.2		1.5
CER adjustment		4.1		6.3		8.0		5.5		3.7
CVS adjustment		0.2		0.2		0.1		0.2		0.1
Difference in Foreign Exchange		3.2		2.9		0.0		4.8		4.4
Other		6.2		8.4		12.3		10.1		10.4
Financial expense		-26.6		-33.1		-36.1		-36.6		-41.0
Interest on checking accounts		-0.3		-0.3		-0.3		-0.3		-0.4
Interest on saving accounts		-0.5		-0.5		-0.5		-0.6		-0.6
Interest on time deposits		-17.6		-19.9		-21.9		-23.9		-26.9
Interest on loans from the financial sector		0.0		0.0		0.0		0.0		0.0
Interest on other loans from the financial sector		0.0		-0.2		0.0		0.0		-0.1
Interest on subordinated notes		0.0		0.0		0.0		0.0		0.0
Other Interest		-1.3		-1.3		-1.3		-1.4		-1.2
Net Income from government securities		0.0		0.0		0.0		0.0		0.0
Net Income from options		0.0		0.0		0.0		0.0		0.0
Interest on other receivables from fin. intermediation		-0.1		0.0		0.0		-0.5		-0.2
CER adjustments		-4.1		-5.6		-6.7		-4.1		-3.2
Deposits guarantee fond		-1.0		-1.0		-1.1		-3.8		1.4
Other Interest		-1.7		-4.3		-4.3		-2.0		-97.0
Net financial income		65.1		57.8		66.8		60.0		56.2
Provision for loan losses		-1.3		-6.6		-3.0		-3.7		-7.0
Fee income		35.3		35.5		35.7		37.2		40.1
Fee expense		-9.7		-9.6		-10.6		-10.6		-12.3
Net fee income		25.7		25.8		25.1		26.6		27.8
Administrative expense		-38.8		-40.6		-46.4		-42.3		-45.7
Minority interest		0.0		0.0		0.0		0.0		0.0
Net other income		8.8		61.5		15.5		18.5		16.5
Earnings before income tax		59.5		97.4		58.0		59.0		47.8
Income tax		0.0		0.0		0.0		-14.0		0.0
Net income		59.5		97.4		58.0		45.1		47.8

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INCOME STATEMENT	BISEL
In MILLION $	III06		IV06		I07		II07		III07
Financial income		41.6		74.4		84.1		74.3		81.2
Interest on cash and due from banks		0.0		0.1		0.2		0.1		0.8
Interest on loans to the financial sector		1.0		1.4		1.2		0.6		0.0
Interest on overdrafts		6.8		15.6		10.4		10.1		9.9
Interest on documents		4.0		9.4		12.3		15.1		20.6
Interest on mortgages		0.9		2.0		2.0		2.1		2.4
Interest on pledges		1.0		2.3		2.4		2.9		2.8
Interest on credit cards		0.7		1.6		1.8		2.2		1.8
Interest on other loans		0.1		0.1		0.1		0.1		0.1
Income from government & private securities		20.2		30.8		41.9		28.0		31.3
Net options results		0.0		0.0		0.0		0.0		0.0
Results of guaranteed loans		1.2		2.0		2.3		2.3		8.0
Interest on other receivables from fin. intermediation		0.3		0.6		0.5		0.6		0.7
CER adjustment		2.8		5.1		6.0		4.2		-3.0
CVS adjustment		0.0		0.0		0.0		0.0		0.0
Difference in Foreign Exchange		0.9		0.6		-0.3		2.3		1.6
Other		1.7		2.8		3.3		3.7		4.1
Financial expense		-10.4		-20.6		-23.8		-23.5		-33.6
Interest on checking accounts		-0.1		-0.2		-0.2		-0.2		-1.0
Interest on saving accounts		-0.2		-0.5		-0.5		-0.5		-0.6
Interest on time deposits		-5.2		-10.3		-11.2		-13.0		-15.2
Interest on loans from the financial sector		0.0		0.0		0.0		0.0		0.0
Interest on other loans from the financial sector		0.0		0.0		0.0		-0.1		0.0
Interest on subordinated notes		0.0		0.0		0.0		0.0		0.0
Other Interest		-0.8		-0.9		-1.0		-0.9		-0.9
Net Income from government securities		0.0		0.0		0.0		0.0		0.0
Net Income from options		0.0		0.0		0.0		0.0		0.0
Interest on other receivables from fin. intermediation		0.0		0.0		0.0		0.0		0.0
CER adjustments		-2.9		-5.5		-5.8		-4.0		-2.8
Deposits guarantee fond		-0.3		0.3		-0.6		-0.7		-0.8
Other Interest		-0.8		-3.5		-4.5		-4.1		-13.2
Net financial income		31.2		53.8		60.3		50.7		47.6
Provision for loan losses		-4.1		-6.1		-5.7		-5.1		-6.3
Fee income		12.5		26.4		27.3		29.3		33.1
Fee expense		-1.7		-3.0		-2.7		-2.6		-4.0
Net fee income		10.8		23.4		24.6		26.7		29.1
Administrative expense		-22.0		-42.1		-44.7		-46.0		-51.2
Minority interest		0.0		0.0		0.0		0.0		0.0
Net other income		5.7		14.9		6.8		25.2		10.7
Earnings before income tax		21.6		43.4		41.4		51.5		29.9
Income tax		0.0		0.0		0.0		0.0		0.0
Net income		21.6		43.4		41.4		51.5		29.8

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RELEVANT RATIOS

RATIOS	MACRO consolidated
	III06			IV06			I07			II07			III07
Profitability & performance
Net interest margin		7.0	%		7.1	%		7.4	%		6.8	%		6.4	%
Fee income ratio		31.5	%		32.4	%		30.7	%		34.1	%		35.0	%
Efficiency ratio		54.7	%		59.5	%		58,0	%		64.5	%		65.6	%
Fee income as a percentage of adm expenses		57.6	%		54.5	%		52.8	%		52.9	%		53.4	%
Return on average assets		2.8	%		3.6	%		3.1	%		2.9	%		2.6	%
Return on average equity		21.0	%		22.2	%		21.2	%		20.4	%		18.4	%
Liquidity
Loans as a percentage of total deposits		64.2	%		66.9	%		68.6	%		66.5	%		68.4	%
Liquid assets as a percentage of total deposits		59.2	%		65.2	%		65.4	%		64.1	%		59.7	%
Capital
Total equity as a percentage of total assets		16.0	%		16,0	%		14.5	%		13.6	%		12.9	%
Regulatory capital as a percentage of risk weighted assets		27.7	%		31.3	%		30.7	%		27.9	%		28.1	%
Asset Quality
Provision for loan losses over total loans		3.5	%		3.1	%		2.8	%		2.4	%		2.1	%
Non performing loans as a percentage of total loans		2.4	%		2.0	%		1.7	%		1.6	%		1.4	%
Allowances as a percentage of non performing loans		146.1	%		154.3	%		168.1	%		156.7	%		152.1	%
Amparos as a percentage of average equity		2.3	%		3.2	%		2.9	%		3.7	%		4.6	%

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned, thereto duly authorized.

Date: November 8, 2007

MACRO BANK INC.
By:	/s/ Roberto Eilbaum
	Name:  Roberto Eilbaum Title:   Attorney-in-fact

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