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

August 6, 2009

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

Form 40-F

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

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

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

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 SECOND QUARTER OF 2009

Buenos Aires, Argentina, August 6, 2009 – Banco Macro S.A. (NYSE: BMA; Buenos Aires: BMA) (“Banco Macro” or “BMA” or the “Bank”) announced today its results for the second quarter ended June 30, 2009 (“2Q09”). All figures are in Argentine pesos (Ps.) and have been prepared in accordance with Argentine GAAP.

SUMMARY

·	The Bank’s net income totaled Ps.163.2 million. This result was 1% higher than the Ps.161.0 million posted for the second quarter of 2008 (“2Q08”). The annualized 2Q09 ROAE and ROAA were 22.0% and 2.7%, respectively.

·	In 2Q09, the Bank’s net financial income was Ps.604.7 million, increasing 52% year to year (“YoY”). In addition, Banco Macro’s operating income rose 90% YoY to Ps.412.7 million.

·	Banco Macro’s financing to the private sector grew 2% quarter to quarter (“QoQ”), or Ps.181.6 million. Discounted documents, loans to SMEs and export-financing led QoQ loan book expansion.

·	In 2Q09, total deposits grew 3% QoQ, totaling Ps.17.7 billion and representing 80% of the Bank’s liabilities. The quarterly deposit growth was led by a 15% increase in private sector current accounts.

·	Banco Macro continued showing a strong solvency ratio, with an excess capital of Ps.1.9 billion (24.6% capitalization ratio) in 2Q09. In addition, the Bank’s liquid assets remained at a high level, reaching 55.3% of its total deposits.

·	In 2Q09, the Bank’s non-performing to total financing ratio reached 3.40% and the coverage ratio was 104.94%.

RESULTS

Earnings per outstanding share were Ps.0.27. This was 15% or Ps.0.03 higher than 2Q08’s Ps.0.24.

EARNINGS PER SHARE	MACRO consolidated
	II08		III08		IV08		I09	II09

Net income (M $)		161.0		163.3		184.1	156.0		163.2
Average shares outstanding (M)		679.4		650.7		619.6	601.2		593.5
Average shares in portfolio (M)		4.5		33.2		64.3	82.8		43.7
Average shares issued (M)		683.9		683.9		683.9	683.9		637.2
Book value per issued share ($)		4.04		4.01		4.12	4.27		4.58
Earnings per outstanding share ($)		0.24		0.25		0.30	0.26		0.27

Banco Macro’s 2Q09 net income rose by 1% YoY and 5% QoQ to Ps.163.2 million. However, the Bank’s operating result climbed 90% YoY to Ps.412.7 million, mainly due to net financial income growth.

The Bank’s 2Q09 ROAE and ROAA were 22.0% and 2.7%, respectively. Additionally, the obtained ROAE has a higher value considering that the leverage of Banco Macro’s balance sheet (8.6x assets to equity ratio) was lower than the system and our competitors’ average.

INCOME STATEMENT	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Net financial income		398.6		367.4		566.9	496.7		604.7
Provision for loan losses		-43.2		-25.0		-200.7	-25.7		-25.8
Net fee income		174.5		189.2		202.3	197.7		205.0
		529.9		531.6		568.5	668.7		783.8
Administrative expenses		-312.6		-306.3		-337.1	-359.1		-371.1
Operating result		217.3		225.3		231.4	309.6		412.7
Minority interest		-0.7		-1.1		-1.0	-0.7		-1.2
Net other income		3.5		19.9		36.7	2.4		-7.2
Earnings before income tax		220.0		244.2		267.1	311.3		404.3
Income tax		-59.0		-80.9		-83.0	-155.2		-241.2
NET INCOME		161.0		163.3		184.1	156.0		163.2

The Bank’s financial income of Ps.975.0 million increased by 5% QoQ, or Ps.49.8 million and by 39% YoY, or Ps.275.7 million. This strong annual performance was mainly driven by the increase in interest on government and private securities and higher income in interest from loans.

Interest on loans represented 54% of total financial income, decreasing by 5%, or Ps. 27.3 million when compared to 1Q09. This decrease was mainly due to lower interest on overdrafts and discounted documents on the back of lower interest rates and to a lesser extent, to a lower overdraft portfolio volume.

2Q09 Results

Page 2 of 16

In the quarter, income from government and private securities increased by 85% or Ps.157.4. This can be attributed to an increase in the Bank’s bond portfolio and to an increase in the price of its bonds.

The other financial income decreased Ps.76.2 million or 56% when compared to 1Q09. This decrease was mainly due to a decrease in FX transaction earnings.

Finally, CER adjustments income decreased Ps.19.1 million YoY and Ps.2.5 million QoQ following the lower official inflation rate level.

FINANCIAL INCOME	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Interest on cash and due from banks		1.7		1.6		1.2	0.1		0.1
Interest on loans to the financial sector		3.9		4.9		4.2	3.3		2.5
Interest on overdrafts		77.4		100.4		122.8	99.3		83.1
Interest on documents		37.8		54.2		56.2	57.1		47.9
Interest on mortgages		22.9		26.0		26.9	26.9		25.5
Interest on pledges		15.9		16.6		16.8	16.4		15.1
Interest on credit cards		24.5		32.1		40.8	47.1		49.4
Interest on other loans		240.4		268.9		303.2	300.1		299.4
Interest on other receivables from finan. interm.		3.7		3.6		0.9	0.0		0.1
Income from government & private securities (1)		156.4		122.6		222.7	184.2		341.6
Net options results		0.0		0.1		0.1	0.0		0.0
Results of guaranteed loans		9.2		9.3		9.5	3.2		0.0
CER adjustment		21.6		14.3		12.2	5.0		2.5
CVS adjustment		0.2		0.2		0.2	0.2		0.2
Difference in quoted prices of foreign currency		47.0		21.0		63.1	46.4		47.9
Other		36.7		58.3		112.0	135.9		59.7

Total financial income		699.3		734.1		992.8	925.2		975.0

(1) Income from government & private securities
LEBAC / NOBAC		119.8		106.2		201.2	113.3		144.5
Other		36.6		16.4		21.5	70.9		197.1
TOTAL		156.4		122.6		222.7	184.2		341.6

In 2Q09, Banco Macro’s financial expenses increased 23% YoY or Ps.69.6 million, to Ps.370.3 million. However, financial expenses decreased Ps. 58.3 million or 14% QoQ.

In the quarter, interest on deposits represented 79% of the Bank’s total financial expenses, declining Ps.49.0 million or 14%. This can be traced to a decrease in interest on time deposits due to the lower interest rates paid on this portfolio.

Finally, CER adjustments expenses decreased Ps.9.9 million YoY and Ps.1.3 million QoQ following the pre-cancellation of Central Bank debt and the lower official inflation rate level.

2Q09 Results

Page 3 of 16

FINANCIAL EXPENSES	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Interest on checking accounts		3.4		4.7		5.6	4.8		4.0
Interest on saving accounts		3.3		3.2		4.6	4.0		4.1
Interest on time deposits		186.6		270.4		311.2	334.3		286.0
Interest on loans from the financial sector		0.8		1.3		0.8	0.5		0.1
Interest on other loans from the financial sector		22.0		22.5		22.7	22.1		20.3
Interest on subordinated notes		11.5		11.7		12.5	13.1		13.6
Other Interest		2.5		2.0		2.0	1.1		0.5
CER adjustments		10.5		6.4		4.7	1.9		0.6
Deposits guarantee fond		6.2		6.7		7.1	7.1		7.4
Other		53.9		37.8		54.7	39.7		33.7

Total Financial Expenses		300.7		366.7		425.8	428.6		370.3

In 2Q09, Banco Macro’s net financial income of Ps.604.7 million was Ps.206.1 million or 52% higher than the Ps.398.6 million posted in 2Q08.

Banco Macro’s net fee income of Ps.205.0 million rose by 17%, or Ps.30.5 million, from last year’s level of Ps.174.5 million.

NET FEE INCOME	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Fee charges on deposit accounts		137.9		152.8		170.1	168.9		166.2
Debit and credit card income		36.9		39.9		41.0	39.4		40.5
Other fees related to foreign trade		5.9		4.8		4.5	6.1		8.3
Credit-related fees		20.4		15.3		13.7	13.5		13.8
Lease of safe-deposit boxes		3.7		3.8		5.0	4.6		4.7
Other		13.3		12.2		13.7	19.5		27.2
Total fee income		218.1		228.8		248.0	252.1		260.7

Total fee expenses		43.6		39.6		45.7	54.3		55.7

Net fee income		174.5		189.2		202.3	197.7		205.0

In 2Q09, Banco Macro’s administrative expenses grew Ps.12.0 million or 3% from Ps.359.1 million in 1Q09. This can be attributed to tax related expenses that grew Ps.4.7 million or 27% QoQ. In addition, advertising and publicity expenses increased Ps.3.1 million QoQ and other operating expenses increased by Ps.2.7 million QoQ.

The increase in SG&A expenses was mainly a result of the 19% salary increase agreed with the Unions in April 2009.

2Q09 Results

Page 4 of 16

Banco Macro’s efficiency ratio (expenses / net financial and fee income) reached 45.8%, showing a large improvement when compared to 1Q09’s level of 51.7%.

ADMINISTRATIVE EXPENSES	MACRO consolidated
In MILLION $	II08			III08			IV08			I09		II09

Personnel expenses		187.2			194.2			202.9		232.0			230.4
Fees to directors & statutory auditors		13.4			4.2			5.5		12.6			16.0
Other professional fees		11.8			14.9			18.1		16.5			14.9
Advertising & publicity		14.3			14.5			14.2		6.9			10.0
Taxes		19.7			11.5			24.9		17.8			22.5
Equipment depreciation		12.5			12.2			12.9		13.1			13.2
Organization expenses amortization		6.1			6.4			7.1		7.8			8.0
Other operating expenses		42.7			42.6			46.5		48.0			50.7
Other		4.9			5.8			5.0		4.4			5.3
Total Administrative Expenses		312.6			306.3			337.1		359.1			371.1

Total Employees		7,962			7,958			7,920		7,874			7,855
Branches		423			423			416		413			414

Efficiency ratio		51.7	%		53.5	%		41.0	%	51.7	%		45.8	%

Efficiency ratio accumulated		55.3	%		54.7	%		50.3	%	51.7	%		48.6	%

In 2Q09, the Bank’s net other income decreased by Ps.9.8 million QoQ. This decrease was due to an increase of Ps.15.1 million in other provisions and an increase in other expenses.

The increase in other income was explained by the recovery of taxes, recovered loans and allowances.

NET OTHER INCOME	MACRO consolidated
In MILLION $
Other Income	II08		III08		IV08		I09	II09
Penalty interest		2.9		3.8		5.7	5.5		7.0
Recovered loans and allowances reversed		16.8		15.0		32.9	10.0		12.0
Other		11.7		35.0		11.2	7.7		18.3
Total Other Income		31.4		53.8		49.8	23.2		37.4
Other Expense
Uncollected charges for other loans and other provisions		4.0		11.4		10.5	6.7		21.8
Difference in amparos amortization		6.4		7.3		6.8	6.4		6.4
Goodwill amortization		2.1		2.1		2.1	2.1		2.1
Other Expense		15.4		13.1		-6.3	5.6		14.3
Total Other Expense		27.9		33.9		13.1	20.7		44.7

Net Other Income		3.5		19.9		36.7	2.5		-7.3

2Q09 Results

Page 5 of 16

In 2Q09, Banco Macro’s effective income tax rate was 59.7%, which was greater than the 26.8% registered in 2Q08. This increase can be explained by the difference between the book and tax treatment. With respect to the former, Banco Macro accounted for some bonds under Communication “A” 4861 and “A” 4898 of the Central Bank, at a cost plus yield basis. However, with respect to the latter, these bonds were marked at market value. Because bond prices rebounded during the quarter, it resulted in a higher effective income tax rate.

FINANCIAL ASSETS

Private sector financing

The volume of “core” financing to the private sector after aggregating the Bank’s personal financial trust and leasing portfolio, and netting the effects related to the Bank’s liquidity management policy (advances to AAA companies), increased 3% YoY.

In 2Q09, the Bank’s overdrafts, mortgages, pledges, personal and credit card loans segment showed a slight decrease when compared with 1Q09. However, this was partially offset by the growth in discounted documents and “other loans”, which includes structured loans to SMEs and export-financing loans.

In addition, financial trusts grew Ps.89.5 million or 18% in the quarter while leasing decreased Ps.31.4 million or 9%.

PRIVATE SECTOR LOAN PORTFOLIO	MACRO consolidated									Variation
In MILLION $	II08		III08		IV08		I09	II09		II09/I09			II09/II08

Overdrafts (total)		2,022.5		1,916.2		1,556.4	1,482.1		1,244.6		-16	%		-38	%
Overdrafts		1,233.7		1,196.6		1,236.9	1,122.5		1,063.1		-5	%		-14	%
AAA (liquidity administration)		788.8		719.6		319.5	359.6		181.5		-50	%		-77	%
Discounted documents		1,093.5		1,397.2		1,348.6	1,285.8		1,305.7		2	%		19	%
Mortgages		722.9		736.5		738.6	752.0		712.8		-5	%		-1	%
Pledges		378.3		340.9		339.9	337.8		292.6		-13	%		-23	%
Consumer		3,744.1		3,813.9		3,806.5	3,806.7		3,773.7		-1	%		1	%
Credit Cards		833.4		816.6		869.1	859.1		842.6		-2	%		1	%
Others		1,925.6		1,846.8		2,071.9	2,222.6		2,519.5		13	%		31	%
Total credit to the private sector		10,720.3		10,868.1		10,731.0	10,746.1		10,691.5		-1	%		0	%
Financial trusts		733.5		549.4		564.9	495.9		585.4		18	%		-20	%
Leasing		388.9		380.7		360.8	332.2		300.8		-9	%		-23	%
Total credit w/ f. trusts and leasing		11,842.7		11,798.2		11,656.7	11,574.2		11,577.7		0	%		-2	%

Total credit w/o liquidity administration		11,053.9		11,078.6		11,337.2	11,214.6		11,396.2		2	%		3	%

PUBLIC SECTOR ASSETS

The Bank’s exposure of public sector assets (net of LEBAC / NOBAC) to total assets ratio was 5.7% in 2Q09, slightly above the 5.4% posted in 1Q09 and less than the system’s average of 9.1%. Banco Macro continued allocating its excess liquidity in short term Central Bank debt and in public bonds.

2Q09 Results

Page 6 of 16

PUBLIC SECTOR ASSETS	MACRO consolidated
In MILLION $	II08			III08			IV08			I09		II09

LEBAC / NOBAC B.C.R.A.		3,118.5			4,227.8			3,418.3		3,830.9			4,687.3
Other		378.7			508.3			656.2		1,016.0			1,114.0
Government securities		3,497.2			4,736.1			4,074.5		4,846.9			5,801.3
Guaranteed loans		731.7			727.7			722.8		273.8			259.4
Provincial loans		0.3			0.1			19.1		20.5			14.9
Government securities loans		13.8			11.8			4.5		1.9			0.0
Loans		745.8			739.6			746.4		296.2			274.3
Purchase of government bonds		195.1			318.9			45.3		22.5			38.7
Other receivables for financial intermediation		195.1			318.9			45.3		22.5			38.7
BODEN to collect		18.7			17.6			14.1		13.4			14.5
Other receivables		18.7			17.6			14.1		13.4			14.5

TOTAL PUBLIC SECTOR ASSETS		4,456.8			5,812.2			4,880.3		5,179.0			6,128.8

TOTAL PUBLIC SECTOR LIABILITIES		685.1			618.0			449.3		149.3			280.5

Net exposure		3,771.7			5,194.2			4,431.0		5,029.7			5,848.3

TOTAL PUBLIC SECTOR ASSETS (net of LEBAC / NOBAC )		1,338.3			1,584.4			1,462.0		1,348.1			1,441.5

TOTAL PUBLIC SECTOR ASSETS (net of LEBAC / NOBAC) /TOTAL ASSETS		6.3	%		6.7	%		6.5	%	5.4	%		5.7	%

Net exposure (net of LEBAC/NOBAC) / TOTAL ASSETS		3.1	%		4.1	%		4.5	%	4.8	%		4.6	%

FUNDING

Deposits

Banco Macro’s total deposit base amounted to Ps.17.7 billion in 2Q09. This continued to be the most important source of funds for the Bank, growing 19% YoY, and representing 80% of the Bank’s total liabilities.

Private sector deposits led the QoQ growth with an increase of Ps.546.7 million or 4%. Sight deposits (current and saving accounts) increased 15% and 7%, respectively, while time deposits slightly declined by 1%.

2Q09 Results

Page 7 of 16

DEPOSITS	MACRO consolidated									Variation
In MILLION $	II 08		III 08		IV 08		I 09	II 09		Q to Q			Y to Y

Public sector		2,466.3		2,986.7		3,938.0	4,247.5		4,154.3		-2	%		68	%

Financial sector		9.9		13.6		22.4	16.1		11.2		-30	%		13	%

Private sector		12,430.8		13,785.0		11,868.0	13,022.7		13,569.4		4	%		9	%
Current accounts		2,536.4		2,715.2		2,581.1	2,549.0		2,931.9		15	%		16	%
Savings accounts		2,559.5		2,621.3		2,716.9	2,642.4		2,833.4		7	%		11	%
Time deposits		6,776.8		7,884.4		6,031.9	7,293.9		7,192.4		-1	%		6	%
Other		558.1		564.1		538.1	537.4		611.7		14	%		10	%
TOTAL		14,907.0		16,785.3		15,828.4	17,286.3		17,734.9		3	%		19	%

Other sources of funds

In 2Q09, other sources of funds decreased Ps.90.1 million or 2% QoQ. This decrease was mainly explained by the cancellation of previously repurchased unsubordinated Class 3 Notes (nominal value of USD 18 million) that represented Ps.55.4 million. However, the effect was partially offset by the impact of the depreciation of the Argentine Peso on the Bank’s US dollar denominated debt.

In addition, cash dividends to be paid of Ps.150.0 million were classified in “other liabilities” and deducted from “equity”. Central Bank’s authorization is still pending.

OTHER FUNDING	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Central Bank		366.4		296.6		302.8	2.0		2.7
Banks and international institutions		212.7		243.3		232.4	214.7		210.8
Financing received from Argentine financial institutions		208.2		156.2		73.8	86.0		47.3
Subordinated corporate bonds		471.1		507.4		521.7	573.9		572.5
Unsubordinated corporate bonds		749.9		732.5		724.9	695.5		649.5
Shareholders´ equity		2,766.5		2,740.0		2,816.6	2,920.0		2,919.2
Total Funding		4,774.8		4,676.0		4,672.2	4,492.1		4,402.0

In June 2009, Banco Macro’s average cost of funds was 7.06%, one of the lowest in the banking sector. Banco Macro’s transactional deposits represented approximately 42% of its deposit base. These accounts are low cost and are not sensitive to interest rate increases.

LIQUID ASSETS

The Bank’s liquid assets increased by 1% QoQ, and 28% YoY. Banco Macro increased its repos by Ps.348.3 million and LEBAC/NOBAC portfolio by Ps.205.4 million QoQ, while cash decreased Ps.237.9 million and loans to “AAA” companies declined Ps.178.1 million.

Banco Macro’s liquid asset to total deposits ratio was 55.3%.

2Q09 Results

Page 8 of 16

LIQUID ASSETS	MACRO consolidated
In MILLION $	II08			III08			IV08			I09		II09

Cash		3,485.0			3,239.3			3,523.9		3,713.1			3,475.2
Guarantees for compensating chambers		183.0			183.6			208.5		214.8			219.1
Loans to AAA companies		788.8			719.6			319.5		359.6			181.5
Call		65.0			52.0			42.0		40.6			40.0
Repos		14.5			8.7			203.7		186.5			534.8
LEBAC / NOBAC		3,118.5			4,816.5			3,838.9		5,158.9			5,364.3
TOTAL		7,654.8			9,019.7			8,136.5		9,673.5			9,814.9

Liquid assets to total deposits		51.4	%		53.7	%		51.4	%	56.0	%		55.3	%

SOLVENCY

In 2Q09, Banco Macro’s integrated capital was Ps.3.3 billion, well above the required capital of Ps.1.4 billion. Therefore, excess capital was Ps.1.9 billion.

The capitalization ratio was 24.6%, well above the 10.5% minimum required by the Central Bank.

The main target for the Bank’s excess capital is growth, and consequently, a higher leverage of its balance sheet.

MIN.CAP.REQUIREMENT	MACRO consolidated
In MILLION $	II08			III08			IV08			I09		II09
Credit requirements		1,023			1,089			1,087		1,085			1,088
Market risk requirements		103			67			50		67			64
Interest rate requirements		165			185			205		239			261
Incremental requirements		11			0			0		0			0
Integrated capital		2,962			2,981			3,114		3,288			3,296
Excess capital		1,660			1,640			1,772		1,897			1,883

Capitalization ratio		22.1	%		19.7	%		22.9	%	24.6	%		24.6	%

ASSET QUALITY

In 2Q09, Banco Macro’s non-performing to total financing ratio was 3.40%, representing a slight increase when compared to the previous quarter. This weakening in asset quality was expected by the Bank due to the slow growth rate of the Argentine economy, the Bank’s lower loan portfolio expansion and the nature of our consumer credit portfolio.

Although asset quality ratio continued to be relatively low in 2Q09, Banco Macro is committed to continue working in this area and maintain excellent asset quality standards.

2Q09 Results

Page 9 of 16

The coverage ratio was 104.94% in 2Q09.

ASSET QUALITY	MACRO consolidated
In MILLION $	II08			III08			IV08			I09		II09
Commercial portfolio		6,150.7			6,436.2			6,107.9		5,786.7			6,052.5
Irregular		60.6			61.8			107.0		115.6			147.2
Consumer portfolio		6,292.6			6,312.1			6,315.2		6,323.2			6,177.8
Irregular		191.4			198.5			219.0		255.4			268.1
Total portfolio		12,443.3			12,748.3			12,423.1		12,110.0			12,230.3
Irregular		252.0			260.4			326.0		370.9			415.3
Irregular / Total portfolio		2.03	%		2.04	%		2.62	%	3.06	%		3.40	%
Total provisions		271.7			272.2			450.5		449.4			435.8
Coverage ratio w/allowances		107.81	%		104.56	%		138.19	%	121.16	%		104.94	%

CER EXPOSURE AND FOREIGN CURRENCY POSITION

CER EXPOSURE	MACRO consolidated
In MILLION $	II 08		III 08		IV 08		I 09	II 09

CER adjustable ASSETS
Government Securities		0.0		0.0		63.0	184.5		281.8

Guaranteed loans		730.9		727.0		722.8	273.0		275.2
Loans to the private sector		59.7		54.6		48.9	44.6		39.5
Other loans		11.6		10.5		10.3	9.4		8.3
Loans		802.2		792.1		782.0	327.0		323.0

Leasing		4.3		3.8		2.6	2.7		1.8
Other loans		12.8		3.2		3.3	3.1		4.4
Total CER adjustable assets		819.3		799.1		850.9	517.3		611.0

CER adjustable LIABILITIES
Deposits		13.1		6.5		4.3	1.5		0.7
Other liabilities for financial intermediation		406.1		338.4		342.3	44.5		44.4
Subordinated debt		2.2		11.0		1.8	1.3		1.4
Total CER adjustable liabilities		421.4		355.9		348.4	47.3		46.5

NET ASSET CER EXPOSURE		397.9		443.2		502.5	470.0		564.5

2Q09 Results

Page 10 of 16

FX CURRENCY POSITION	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Cash		1,141.5		1,313.1		1,289.3	1,846.0		1,825.9
Government Securities		174.2		415.4		510.1	581.4		727.4
Loans		1,781.6		2,098.1		2,128.5	2,322.5		2,489.5
Other receivables from financial intermediation		298.7		390.0		413.2	408.2		906.6
Investments in other companies		0.4		0.5		0.5	0.6		141.8
Other receivables		52.3		52.9		57.6	79.5		65.1
Other assets		55.2		62.2		70.0	77.9		76.8
TOTAL ASSETS		3,504.0		4,332.2		4,469.2	5,316.1		6,233.1
Deposits		2,186.5		2,390.3		2,521.2	3,332.9		3,691.3
Other liabilities from financial intermediation		1,158.1		1,244.8		901.3	851.6		1,121.8
Other liabilities		3.9		9.2		8.3	20.4		8.3
Subordinated corporate bonds		468.9		495.7		519.9	572.6		571.1
TOTAL LIABILITIES		3,817.4		4,140.0		3,950.7	4,777.5		5,392.5

NET FX POSITION		-313.4		192.2		518.5	538.6		840.6

2Q09 Results

Page 11 of 16

RELEVANT AND RECENT EVENTS

In May 2009 the ordinary and extraordinary Shareholders meetings of Banco Macro S.A. and Nuevo Banco Bisel S.A. authorized the preliminary merger agreement, whereby Nuevo Banco Bisel S.A. would merge with and into Banco Macro S.A. During June and July, the Buenos Aires Stock Exchange, the Central Bank and the Comisión Nacional de Valores authorized this merger. As of June 30th, it was still pending the registration of the merger at the Inspección General de Justicia (IGJ).

During the quarter the Bank reduced its subscribed Capital Stock by Ps.60.0 million or 60,000,000 Class B shares with a par value of Ps. 1.0 (one Peso) each and entitled to 1 (one) vote per share. These shares were in the Bank’s portfolio, and were acquired under the recently completed Share Buy Back Program.

On June 30, 2009, the Bank repurchased “Class 2” and “Class 3” Notes (“the Notes”) for nominal value of USD43.6 million and USD34.2 million, respectively. The Bank has already cancelled nominal value of USD42.6 million and USD26.7 million of “Class 2” and “Class 3” Notes respectively. As of August 4, 2009, all these Notes were cancelled and the aggregate outstanding principal amount of the two series of Notes was USD172.2 million.

2Q09 Results

Page 12 of 16

QUARTERLY CONFERENCE CALL

A conference call to discuss this press release will be held on August 7, 2009 at 1:00 p.m. Buenos Aires time (12:00 p.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, (Finance and Investor Relations Manager). Dial in information:

(888) 516-2435 (Within the U.S.)

(719) 325-2180 (Outside the U.S.)

Conference ID: 8794157

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 and Investor Relations Manager

Tel: +5411-5222-6730

E-mail: investorelations@macro.com.ar

visit our website at: www.macro.com.ar

2Q09 Results

Page 13 of 16

QUARTERLY BALANCE SHEET	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

ASSETS		21,170.7		23,623.6		22,425.0	24,761.8		25,209.3
Cash		3,485.0		3,239.3		3,523.9	3,713.1		3,475.2
Government Securities		3,600.7		5,497.0		4,779.3	6,525.2		7,306.8
LEBAC/NOBAC		3,118.5		4,816.5		3,838.9	5,158.9		5,364.3
Other		482.2		680.5		940.4	1,366.3		1,942.5
Loans		11,436.9		11,731.5		11,280.0	10,850.7		10,761.7
to the non-Financial Government Sector		733.8		866.6		744.5	291.3		274.3
to the Financial Sector		97.9		115.4		80.4	73.5		61.3
to the non-financial private sector		10,858.7		11,009.7		10,893.4	10,922.9		10,849.3
-Overdrafts		2,022.5		1,916.2		1,556.4	1,482.1		1,244.6
-Discounted documents		1,093.5		1,397.2		1,348.6	1,285.8		1,305.7
-Mortgages		722.9		736.5		738.6	752.0		712.8
-Pledges		378.3		340.9		339.9	337.8		292.6
-Consumer		3,744.1		3,813.9		3,806.4	3,806.7		3,773.7
-Credit cards		833.4		816.6		869.1	859.1		842.6
-Other		1,925.6		1,846.8		2,071.9	2,222.6		2,519.5
- Less: int. doc., cotiz dif.		138.4		141.6		162.4	176.8		157.8
Allowances		-253.5		-260.2		-438.3	-437.0		-423.2
Other receivables from financial intermediation		1,216.2		1,751.5		1,454.1	2,253.2		2,305.6
Investments in other companies		9.7		28.6		10.5	10.6		10.3
Other receivables		238.0		254.7		251.8	299.8		299.2
Other assets		1,184.2		1,121.0		1,125.5	1,109.3		1,050.5
LIABILITIES		18,404.2		20,883.7		19,608.4	21,841.8		22,290.1
Deposits		14,907.0		16,785.3		15,828.4	17,286.3		17,734.9
From the non-financial government sector		2,466.3		2,986.7		3,938.0	4,247.5		4,154.3
From the financial sector		9.9		13.6		22.4	16.1		11.2
From the non-financial private sector		12,430.8		13,785.0		11,868.0	13,022.7		13,569.4
-Checking accounts		2,536.4		2,715.2		2,581.1	2,549.0		2,931.9
-Savings accounts		2,559.5		2,621.3		2,716.9	2,642.4		2,833.4
-Time deposits		6,776.8		7,884.4		6,031.9	7,293.9		7,192.4
-Other		558.1		564.1		538.1	537.4		611.7
Other liabilities from financial intermediation		2,595.9		3,126.8		2,714.9	3,238.8		3,149.8
Subordinated corporate bonds		471.1		507.4		521.7	573.9		572.5
Other liabilities		430.2		464.2		543.4	742.7		832.9

STOCKHOLDERS´ EQUITY		2,766.5		2,740.0		2,816.6	2,920.0		2,919.2

LIABILITIES + STOCKHOLDERS´ EQUITY		21,170.7		23,623.6		22,425.0	24,761.8		25,209.3

2Q09 Results

Page 14 of 16

QUARTERLY INCOME STATEMENT	MACRO consolidated
In MILLION $	II08		III08		IV08		I09	II09

Financial income		699.3		734.1		992.9	925.2		975.0
Interest on cash and due from banks		1.7		1.6		1.2	0.1		0.1
Interest on loans to the financial sector		3.9		4.9		4.2	3.3		2.5
Interest on overdrafts		77.4		100.4		122.8	99.3		83.1
Interest on documents		37.8		54.2		56.2	57.1		47.9
Interest on mortgages		22.9		26.0		26.9	26.9		25.5
Interest on pledges		15.9		16.6		16.8	16.4		15.1
Interest on credit cards		24.5		32.1		40.8	47.1		49.4
Interest on other loans		240.4		268.9		303.2	300.1		299.4
Income from government & private securities		156.4		122.6		222.7	184.2		341.6
Net options results		0.0		0.1		0.2	0.0		0.0
Results of guaranteed loans		9.2		9.3		9.5	3.2		0.0
Interest on other receivables from fin. intermediation		3.7		3.6		0.9	0.0		0.1
CER adjustment		21.6		14.3		12.2	5.0		2.5
CVS adjustment		0.2		0.2		0.2	0.2		0.2
Difference in Foreign Exchange		47.0		21.0		63.1	46.4		47.9
Other		36.7		58.3		112.0	135.9		59.7
Financial expense		-300.7		-366.7		-425.8	-428.6		-370.3
Interest on checking accounts		-3.4		-4.7		-5.6	-4.8		-4.0
Interest on saving accounts		-3.3		-3.2		-4.6	-4.0		-4.1
Interest on time deposits		-186.6		-270.4		-311.2	-334.3		-286.0
Interest on loans from the financial sector		-0.8		-1.3		-0.8	-0.5		-0.1
Interest on other loans from the financial sector		-0.1		0.1		0.0	0.0		0.0
Interest on subordinated notes		-11.5		-11.7		-12.5	-13.1		-13.6
Other Interest		-2.5		-2.2		-2.0	-1.1		-0.5
Net Income from options		0.1		0.2		0.0	0.0		0.0
Interest on other receivables from fin. intermediation		-22.0		-22.5		-22.7	-22.1		-20.3
CER adjustments		-10.5		-6.4		-4.7	-1.9		-0.6
Deposits guarantee fund		-6.2		-6.7		-7.1	-7.1		-7.4
Other Interest		-53.9		-37.8		-54.7	-39.7		-33.7
Net financial income		398.6		367.4		566.9	496.7		604.7
Provision for loan losses		-43.2		-25.0		-200.7	-25.7		-25.8

Fee income		218.1		228.8		248.0	252.1		260.7
Fee expense		-43.6		-39.6		-45.7	-54.3		-55.7
Net fee income		174.5		189.2		202.3	197.7		205.0

Administrative expense		-312.6		-306.3		-337.1	-359.1		-371.1
Minority interest		-0.7		-1.1		-1.0	-0.7		-1.2
Net other income		3.5		19.9		36.7	2.5		-7.3
Earnings before income tax		220.0		244.2		267.1	311.3		404.3
Income tax		-59.0		-80.9		-83.0	-155.2		-241.2

Net income		161.0		163.2		184.1	156.0		163.2

2Q09 Results

Page 15 of 16

QUARTER ANNUALIZED RATIOS	MACRO consolidated
	II08			III08			IV08			I09		II09
Profitability & performance
Net interest margin		7.7	%		7.2	%		10.4	%	8.6	%		12.0	%
Fee income ratio		30.5	%		34.0	%		26.3	%	28.5	%		25.3	%
Efficiency ratio		51.7	%		53.5	%		41.0	%	51.7	%		45.8	%
Fee income as a percentage of adm expenses		58.9	%		63.5	%		64.1	%	55.1	%		55.3	%
Return on average assets		3.1	%		2.9	%		3.3	%	2.6	%		2.7	%
Return on average equity		23.6	%		24.2	%		26.7	%	21.7	%		22.0	%
Liquidity
Loans as a percentage of total deposits		78.4	%		71.4	%		74.0	%	65.3	%		63.1	%
Liquid assets as a percentage of total deposits		51.4	%		53.7	%		51.4	%	56.0	%		55.3	%
Capital
Total equity as a percentage of total assets		13.1	%		11.6	%		12.6	%	11.8	%		11.6	%
Regulatory capital as a percentage of risk weighted assets		22.1	%		19.7	%		22.9	%	24.6	%		24.6	%
Asset Quality
Allowances over total loans		2.2	%		2.2	%		3.7	%	3.9	%		3.8	%
Non-performing loans as a percentage of total loans		2.0	%		2.0	%		2.6	%	3.1	%		3.6	%
Allowances as a percentage of non-performing loans		107.0	%		106.7	%		141.8	%	123.6	%		106.1	%
Amparos as a percentage of average equity		3.2	%		1.3	%		1.3	%	1.3	%		1.4	%

ACCUMULATED ANNUALIZED RATIOS	MACRO consolidated
	II08			III08			IV08			I09		II09
Profitability & performance
Net interest margin		7.7	%		7.6	%		8.2	%	8.6	%		10.3	%
Fee income ratio		30.3	%		31.6	%		29.9	%	28.5	%		26.8	%
Efficiency ratio		55.3	%		54.7	%		50.3	%	51.7	%		48.6	%
Fee income as a percentage of adm expenses		54.8	%		57.7	%		59.4	%	55.1	%		55.2	%
Return on average assets		3.0	%		3.0	%		3.0	%	2.6	%		2.6	%
Return on average equity		22.8	%		23.3	%		23.8	%	21.7	%		21.8	%
Liquidity
Loans as a percentage of total deposits		78.4	%		71.4	%		74.0	%	65.3	%		63.1	%
Liquid assets as a percentage of total deposits		51.4	%		53.7	%		51.4	%	56.0	%		55.3	%
Capital
Total equity as a percentage of total assets		13.0	%		11.6	%		12.6	%	11.8	%		11.6	%
Regulatory capital as a percentage of risk weighted assets		22.1	%		19.7	%		22.9	%	24.6	%		24.6	%
Asset Quality
Allowances over total loans		2.2	%		2.2	%		3.7	%	3.9	%		3.8	%
Non-performing loans as a percentage of total loans		2.0	%		2.0	%		2.6	%	3.1	%		3.6	%
Allowances as a percentage of non-performing loans		107.0	%		106.7	%		141.8	%	123.6	%		106.1	%
Amparos as a percentage of average equity		3.2	%		1.3	%		1.3	%	1.3	%		1.4	%

2Q09 Results

Page 16 of 16


		MACRO BANK INC.

		By: /s/
		Name: Luis Cerolini
		Title: Director