SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER

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

SECURITIES EXCHANGE ACT OF 1934

November 21, 2013

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 of Form 20-F or Form 40-F.

Form 20-F x 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 ¨ 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 ¨ 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 ¨ 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 S.A.

Financial Statements as of September 30, 2013,

together with the limited review report

on interim-period financial statements

CONTENTS

· Limited review report on interim-period financial statements

· Cover

· Balance sheets

· Statements of income

· Statements of changes in shareholders’ equity

· Statements of cash flows

· Notes to the financial statements

· Exhibits A through L, N and O

· Consolidated balance sheets

· Consolidated statements of income

· Consolidated statements of cash flows

· Consolidated statements of debtors by situation

· Notes to the consolidated financial statements with subsidiaries

· Exhibit l to the consolidated financial statements with subsidiaries

LIMITED REVIEW REPORT ON INTERIM-PERIOD FINANCIAL STATEMENTS

Translation into English – Originally issued in Spanish

See note 22 to the stand-alone Financial Statements

To the Directors of

BANCO MACRO S.A.

Registered office: Sarmiento 447

City of Buenos Aires

1. We have performed a limited review of the accompanying balance sheet of BANCO MACRO S.A. as of September 30, 2013, and the related statements of income, changes in shareholders’ equity and cash flows for the nine-month period then ended. We have also performed a limited review of the accompanying consolidated balance sheet of BANCO MACRO S.A. with its subsidiaries as of September 30, 2013, and the related consolidated statements of income and cash flows for the nine-month period then ended, which are disclosed as supplementary information. These financial statements are the responsibility of the Bank Management.

2. We conducted our limited review in accordance with the standards of Argentine Federation of Professional Councils in Economic Sciences Technical Resolution No. 7 applicable to a limited review of the interim-period financial statements and the “Minimum external auditing standards” issued by the BCRA (Central Bank of Argentina) applicable to the review of quarterly financial statements. Under such standards, a limited review consists primarily of applying analytical procedures to the accounting information and making inquiries of the persons in charge of accounting and financial matters. A limited review is substantially less in scope than an audit of financial statements, the objective of which is to express an opinion on the financial statements taken as a whole. Therefore, we do not express such an opinion.

3. As described in note 5. to the accompanying stand-alone financial statements, the financial statements mentioned in the first paragraph have been prepared by the Bank in accordance with the accounting standards established by the BCRA, which differ from the Argentine professional accounting standards effective in the City of Buenos Aires in certain valuation and disclosure aspects described and quantified in such note.

4. As further explained in note 22. to the accompanying stand-alone financial statements, certain accounting practices used by the Bank to prepare the accompanying financial statements conform with the accounting standards established by the BCRA but may not conform with the accounting principles generally accepted in other countries.

5. Based on our review, we have not become aware of anything that may lead us to believe that the financial statements mentioned in the first paragraph have not been prepared, in all material respects, in accordance with the accounting standards established by the BCRA and, except for the effect of the issue mentioned in the third paragraph, with the Argentine professional accounting standards effective in the City of Buenos Aires.

6. With respect to the balance sheet of BANCO MACRO S.A. and the consolidated balance sheet of BANCO MACRO S.A. with its subsidiaries as of December 31, 2012, and the related statements of income, changes in shareholders’ equity, and cash flows for the nine-month period ended September 30, 2012, which were presented for comparative purposes, we report that:

a) On February 14, 2013, we issued an audit report on the financial statements of BANCO MACRO S.A. and the consolidated financial statements of BANCO MACRO S.A. with its subsidiaries as of December 31, 2012, in which we expressed a qualified opinion due to differences between accounting standards established by the BCRA and used by the Bank, and the Argentine professional accounting standards effective in the City of Buenos Aires, which are described and quantified in note 5. to the accompanying stand-alone financial statements. We have not audited any financial statements as of any date or for any period subsequent to December 31, 2012.

b) On November 7, 2012, we issued a limited review report on the financial statements of BANCO MACRO S.A. and the consolidated financial statements of BANCO MACRO S.A. with its subsidiaries as of September 30, 2012, which included qualifications due to differences between accounting standards established by the BCRA and used by the Bank, and the Argentine professional accounting standards effective in the City of Buenos Aires, which are described and quantified in note 5. to the accompanying stand-alone financial statements.

7. In compliance with current legal requirements, we report that:

a) The financial statements mentioned in the first paragraph have been transcribed into the “Inventory and Financial Statements” book.

b) The financial statements of BANCO MACRO S.A. were derived from books kept, in their formal aspects, pursuant to current legal requirements and BCRA regulations.

c) As of September 30, 2013, the liabilities accrued in employee and employer contributions to the Integrated Pension Fund System, as recorded in the Bank’s books, amounted to Ps. 24,705,671, none of which was due as of that date.

d) To the extent limited by our area of competence, we have no findings on the information included in note 16 to the accompanying stand-alone financial statements as of September 30, 2013, with regard to the requirements established by the CNV (Argentine Securities Commission) with respect to minimum shareholders’ equity and the liquid assets to cover that amount.

City of Buenos Aires,

November 8, 2013

PISTRELLI, HENRY MARTIN Y ASOCIADOS S.R.L.

C.P.C.E.C.A.B.A. Vol. 1 – Fo. 13

CLAUDIO N. NOGUEIRAS

Partner

Certified Public Accountant (U.B.A.)

C.P.C.E.C.A.B.A. Vol. 197 – Fo. 64

FINANCIAL STATEMENTS AS OF

SEPTEMBER 30, 2013

BUSINESS NAME: Banco Macro S.A.

REGISTERED OFFICE: Sarmiento 447 – City of Buenos Aires

CORPORATE PURPOSE AND MAIN BUSINESS: Commercial bank

BCRA (CENTRAL BANK OF ARGENTINA): Authorized as “Argentine private bank” under No. 285.

REGISTRATION WITH THE PUBLIC REGISTRY OF COMMERCE: Under No. 1,154 - By-laws book No. 2,

Folio 75 dated March 8, 1967

EXPIRATION OF ARTICLES OF INCORPORATION: March 8, 2066

REGISTRATION WITH THE IGJ (BUSINESS ASSOCIATIONS REGULATORY AGENCY): Under No. 9,777 – Corporations Book No. 119 Volume A, dated October 8, 1996.

SINGLE TAX IDENTIFICATION NUMBER: 30-50001008-4

REGISTRATION DATES OF AMENDMENTS TO BY-LAWS:

August 18, 1972, August 10, 1973, July 15, 1975, May 30, 1985, September 3, 1992, May 10, 1993, November 8, 1995, October 8, 1996, March 23, 1999, September 6, 1999, June 10, 2003, December 17, 2003, September 14, 2005, February 8, 2006, July 11, 2006, July 14, 2009, November 14, 2012.

Name of the auditor	Claudio N. Nogueiras
Professional association	Pistrelli, Henry Martin y Asociados S.R.L.

BALANCE SHEETS

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

		09/30/2013			12/31/2012
ASSETS
A.	CASH
	Cash on hand		1,813,527			2,451,367
	Due from banks and correspondents
	Central Bank of Argentina		5,845,747			5,961,897
	Local Other		13,172			13,591
	Foreign		321,615			294,691
	Other		362			308
			7,994,423			8,721,854
B.	GOVERNMENT AND PRIVATE SECURITIES (Exhibit A)
	Holdings booked at market value		1,531,366			956,071
	Government securities under repo transactions with Central Bank of Argentina		90,211
	Holdings booked at amortized cost		374,025			345,427
	Instruments issued by the Central Bank of Argentina		1,223,049			350,607
			3,218,651			1,652,105
C.	LOANS (Exhibits B, C and D)
	To the non-financial government sector		591,462			586,349
	To the financial sector
	Interfinancing (granted call)		259,514			48,546
	Other financing to Argentine Financial Institutions		67,082			126,767
	Accrued interest, adjustments, foreign exchange and quoted price differences receivables		823			1,927
	To the non-financial private sector and foreign residents
	Overdrafts		5,566,017			4,242,281
	Documents		3,629,395			3,614,176
	Mortgage loans		1,810,936			1,439,935
	Pledge loans		1,135,214			905,051
	Personal loans		10,887,756			9,149,092
	Credit cards		5,325,522			4,364,439
	Other (Note 6.1.)		4,786,468			4,706,073
	Accrued interest, adjustments, foreign exchange and quoted price differences receivables		556,376			526,709
	less:  Unearned discount		(140,559	)		(93,983	)
	less:  Allowances (Exhibit J)		(916,844	)		(828,838	)
			33,559,162			28,788,524

- 1 - Jorge H. Brito
Chairperson

BALANCE SHEETS

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

		09/30/2013			12/31/2012
D.	OTHER RECEIVABLES FROM FINANCIAL INTERMEDIATION
	Central Bank of Argentina		567,918			461,630
	Amounts receivable from spot and forward sales pending settlement		1,561,514			435,434
	Securities and foreign currency receivable from spot and forward purchases pending settlement (Exhibit O)		92,667			129,844
	Unlisted corporate bonds (Exhibits B, C and D)		241,858			80,326
	Receivables from forward transactions without delivery of underlying asset					12
	Other receivables not covered by debtors classification standards (Note 6.2.)		684,928			757,490
	Other receivables covered by debtors classification standards (Exhibits B, C and D)		95,255			130,005
	Accrued interest receivables covered by debtors classification standards (Exhibit B, C and D)		534			515
	less:  Allowances (Exhibit J)		(229,229	)		(228,023	)
			3,015,445			1,767,233
E.	RECEIVABLES FROM FINANCIAL LEASES (Exhibits B, C and D)
	Receivables from financial leases		382,193			328,307
	Accrued interest and adjustments		5,274			4,984
	less: Allowances (Exhibit J)		(7,088	)		(6,585	)
			380,379			326,706
F.	INVESTMENTS IN OTHER COMPANIES  (Exhibit E)
	In financial institutions		921,458			773,355
	Other		73,288			63,354
	less: Allowances (Exhibit J)		(344	)		(311	)
			994,402			836,398
G.	OTHER RECEIVABLES
	Receivables from sale of assets (Exhibits B, C and D)		7,307			6,195
	Other (Note 6.3.)		417,356			332,889
	Accrued interest and adjustments on receivables from sales of assets (Exhibits B, C and D)		341			332
	Other accrued interest and adjustments receivable		28			35
	less:  Allowances  (Exhibit J)		(7,139	)		(8,744	)
			417,893			330,707
H.	BANK PREMISES AND EQUIPMENT, NET (Exhibit F)		637,838			593,558
I.	OTHER ASSETS   (Exhibit F)		334,501			263,373
J.	INTANGIBLE ASSETS  (Exhibit G)
	Goodwill		62,302			72,841
	Organization and development costs		246,304			206,088
			308,606			278,929
K.	ITEMS PENDING ALLOCATION		4,316			4,501
TOTAL ASSETS			50,865,616			43,563,888

- 2 - Jorge H. Brito
Chairperson

BALANCE SHEETS

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

		09/30/2013		12/31/2012
LIABILITIES
L.	DEPOSITS (Exhibits H and I)
	From the non-financial government sector (Note 6.4.)		5,654,107		6,771,268
	From the financial sector		21,082		24,072
	From the non-financial private sector and foreign residents
	Checking accounts		6,512,910		5,946,947
	Savings accounts		6,909,798		6,018,303
	Time deposits		16,557,095		12,717,720
	Investment accounts		107,961		149,325
	Other (Note 6.5.)		840,910		695,067
	Accrued interest, adjustments, foreign exchange and quoted price differences payables		230,608		171,269
			36,834,471		32,493,971
M.	OTHER LIABILITIES FROM FINANCIAL INTERMEDIATION
	Central Bank of Argentina (Exhibit I)
	Other		21,708		21,645
	Banks and International Institutions (Exhibit I)		34,157		273,968
	Non-subordinated Corporate Bonds (Note 10. and Exhibit I)		616,187		523,176
	Amounts payable for spot and forward purchases pending settlement		92,683		116,092
	Securities and foreign currency to be delivered under spot and forward sales pending settlement (Exhibit O)		1,676,728		470,703
	Financing received from Argentine financial institutions (Exhibit I)
	Interfinancing (received call)				40,000
	Other financing received from Argentine financial institutions		26,080		13,724
	Accrued interest payables				52
	Receivables from forward transactions without delivery of underlying asset		6,655
	Other (Note 6.6. and Exhibit I)		1,778,014		1,813,258
	Accrued interest, adjustments, foreign exchange and quoted price differences payables (Exhibit I)		39,809		52,724
			4,292,021		3,325,342
N.	OTHER LIABILITIES
	Fees				7,076
	Other (Note 6.7.)		1,050,460		693,369
			1,050,460		700,445
O.	PROVISIONS (Exhibit J)		119,224		98,289
P.	SUBORDINATED CORPORATE BONDS (Note 10. and Exhibit I)		892,724		740,192
Q.	ITEMS PENDING ALLOCATION		2,670		6,554
TOTAL LIABILITIES			43,191,570		37,364,793
SHAREHOLDERS' EQUITY (As per related statement)			7,674,046		6,199,095
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			50,865,616		43,563,888

- 3 - Jorge H. Brito
Chairperson

BALANCE SHEETS

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013		12/31/2012
MEMORANDUM ACCOUNTS
DEBIT-BALANCE ACCOUNTS		51,796,940		34,516,450
Contingent		10,691,089		8,960,163
Guarantees received		10,335,938		8,557,643
Other not covered by debtors classification standards		121		165
Contingent debit-balance contra accounts		355,030		402,355
Control		38,113,196		25,169,946
Receivables classified as irrecoverable		1,158,986		953,335
Other (Note 6.8.)		36,307,113		23,718,970
Control debit-balance contra accounts		647,097		497,641
Derivatives (Exhibit O)		2,992,655		386,341
Notional value of put options taken (Note 11.d))		5,932		56,045
Notional value of forward transactions without delivery of underlying asset (Note 11.a))		1,471,138		127,918
Interest rate swap (Note 11.b))		50,000		85,000
Derivatives debit-balance contra accounts		1,465,585		117,378
CREDIT-BALANCE ACCOUNTS		51,796,940		34,516,450
Contingent		10,691,089		8,960,163
Credit lines granted (unused portion) covered by debtors classification standards (Exhibits B, C and D)				19,669
Other guarantees provided covered by debtors classification standards (Exhibits B, C and D)		125,077		131,488
Other guarantees provided not covered by debtors classification standards		152,066		153,762
Other covered by debtors classification standards (Exhibits B, C and D)		77,887		97,436
Contingent credit-balance contra accounts		10,336,059		8,557,808
Control		38,113,196		25,169,946
Checks to be credited		647,097		497,641
Control credit-balance contra accounts		37,466,099		24,672,305
Derivatives (Exhibit O)		2,992,655		386,341
Notional value of put options sold (Note 11.c))				14,713
Notional value of forward transactions without delivery of underlying asset (Note 11.a))		1,465,585		102,665
Derivatives credit-balance contra accounts		1,527,070		268,963

The accompanying notes 1 through 22 and exhibits A through L, N, O and the consolidated financial statements are an integral part of these financial statements.

- 4 - Jorge H. Brito
Chairperson

STATEMENTS OF INCOME

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation on financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

		09/30/2013		09/30/2012
A.	FINANCIAL INCOME
	Interest on cash and due from banks		181		128
	Interest on loans to the financial sector		28,753		34,278
	Interest on overdrafts		736,566		503,329
	Interest on documents		446,762		288,656
	Interest on mortgage loans		224,179		135,883
	Interest on pledge loans		135,054		90,423
	Interest on credit card loans		637,933		483,220
	Interest on financial leases		50,312		45,304
	Interest on other loans (Note 6.9.)		2,970,366		2,181,164
	Net income from government and private securities (Note 6.10.)		300,945		262,359
	Interest on other receivables from financial intermediation		1,838		188
	Income from guaranteed loans - Presidential Decree No. 1,387/01		16,543		10,668
	CER (Benchmark Stabilization Coefficient) adjustment		23,179		14,435
	CVS (Salary Variation Coefficient) adjustment		489		303
	Difference in quoted prices of gold and foreign currency		415,611		250,332
	Other (Note 6.11.)		142,878		199,272
			6,131,589		4,499,942
B.	FINANCIAL EXPENSE
	Interest on savings accounts		29,259		22,950
	Interest on time deposits		1,996,825		1,459,597
	Interest on interfinancing received loans (received call)		3,348		3,370
	Interest on other financing from Financial Institutions		7		10
	Interest on other liabilities from financial intermediation		44,711		47,549
	Interest on subordinated bonds		58,210		49,029
	Other interest		2,513		2,187
	CER adjustment		3,207		3,265
	Contribution to Deposit Guarantee Fund		45,536		37,697
	Other (Note 6.12.)		451,655		272,038
			2,635,271		1,897,692
	GROSS INTERMEDIATION MARGIN - GAIN		3,496,318		2,602,250
C.	PROVISION FOR LOAN LOSSES		353,561		369,870
D.	SERVICE-CHARGE INCOME
	Related to lending transactions		111,135		76,890
	Related to deposits		1,398,078		1,086,650
	Other commissions		36,786		30,158
	Other (Note 6.13.)		773,599		583,432
			2,319,598		1,777,130

- 5 - Jorge H. Brito
Chairperson

STATEMENTS OF INCOME

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation on financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

		09/30/2013		09/30/2012
E.	SERVICE-CHARGE EXPENSE
	Commissions		138,500		100,868
	Other (Note 6.14.)		502,272		323,832
			640,772		424,700
F.	ADMINISTRATIVE EXPENSES
	Personnel expenses		1,568,880		1,207,518
	Directors' and statutory auditors' fees		60,323		39,365
	Other professional fees		93,670		67,505
	Advertising and publicity		86,399		62,555
	Taxes		143,516		105,570
	Depreciation of equipment		66,805		58,087
	Amortization of organization costs		58,899		50,112
	Other operating expenses (Note 6.15.)		399,089		279,309
	Other		185,147		150,648
			2,662,728		2,020,669
	NET INCOME FROM FINANCIAL INTERMEDIATION - GAIN		2,158,855		1,564,141
G.	OTHER INCOME
	Income from long-term investments		183,978		134,834
	Penalty interest		29,961		29,331
	Recovered loans and allowances reversed		77,714		54,360
	CER adjustments		48		56
	Other (Note 6.16.)		62,895		51,829
			354,596		270,410
H.	OTHER EXPENSE
	Penalty interest and charges payable to the Central Bank of Argentina		10		9
	Charges for other receivables uncollectibility and other allowances		36,488		24,178
	Amortization of differences related to court orders				57,873
	Depreciation and loss of other assets		906		1,171
	Goodwill amortization		10,539		10,539
	Other (Note 6.17.)		56,823		21,925
			104,766		115,695
	NET INCOME BEFORE INCOME TAX - GAIN		2,408,685		1,718,856
I.	INCOME TAX (Note 4.)		918,500		651,000
	NET INCOME FOR THE PERIOD - GAIN		1,490,185		1,067,856

The accompanying notes 1 through 22 and exhibits A through L, N, O and the consolidated financial statements are an integral part of these financial statements.

- 6 - Jorge H. Brito
Chairperson

STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation on financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013																			09/30/2012
							Earnings reserved
Changes	Capital stock (1)		Stock issuance premium		Adjustments to Shareholders' equity		Legal		Subordinated Corporate Bonds (2)			Voluntary		Unappropriated earnings			Total			Total
Balances at the beginning of the fiscal year Distribution of unappropriated earnings, as approved by the Shareholders’ Meeting held on April 26, 2011 and April 6, 2010, respectively:		594,485		398,750		4,511		1,201,445					2,443,352		1,556,552			6,199,095			4,719,552
- Legal reserve
- Cash dividends
Distribution of unappropriated earnings, as approved by the Shareholders’ Meeting held on April 11, 2013 and April 16, 2012, respectively:
- Legal reserve								298,724							(298,724	)
- Cash dividends
- Special Reserve for Subordinated Corporate Bonds (2)										71,916					(71,916	)
- Voluntary Reserve for future distributions of earnings													1,170,681		(1,170,681	)
- Personal assets tax on shares and interests															(15,234	)		(15,234	)		(14,075	)
Reversal of special reserve from Corporate Bonds
Reversal of special reserve from Subordinated Corporate Bonds										(60,807	)				60,807
Net income for the period - Gain															1,490,185			1,490,185			1,067,856
Balances at the end of the period		594,485		398,750		4,511		1,500,169		11,109			3,614,033		1,550,989			7,674,046			5,773,333

(1) See Note 9. and Exhibit K.

(2) See Note 3.5.q.2).

The accompanying notes 1 through 22 and exhibits A through L, N, O and the consolidated financial statements are an integral part of these financial statements.

- 7 - Jorge H. Brito
Chairperson

STATEMENTS OF CASH FLOWS

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation on financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013			09/30/2012
CHANGES IN CASH AND CASH EQUIVALENTS (Note 3.6.)
Cash at beginning of the fiscal year		8,741,880			4,940,328
Cash at end of the period		8,009,415			6,466,414
Net (decrease) / increase in cash		(732,465	)		1,526,086
CAUSES OF CHANGES IN CASH
Operating activities
Net collections / (payments):
Government and private securities		(132,721	)		(483,458	)
Loans
To the financial sector		(121,428	)		(51,582	)
To the non-financial government sector		33,379			30,307
To the non-financial private sector and foreign residents		153,522			(548,693	)
Other receivables from financial intermediation		(1,169,209	)		600,626
Receivables from financial leases		(3,864	)		80,203
Deposits
From the financial sector		(2,991	)		4,324
From the non-financial government sector		(1,393,831	)		1,643,624
From the non-financial private sector and foreign residents		3,664,369			1,721,152
Other liabilities from financial intermediation
Financing facilities from the financial sector (received calls)		(43,400	)		43,330
Others (except liabilities included under financing activities)		49,065			(4,330	)
Collections related to service-charge income		2,317,107			1,773,060
Payments related to service-charge expenses		(628,549	)		(421,016	)
Administrative expenses paid		(2,477,334	)		(1,951,091	)
Payment of organization and development costs		(99,115	)		(74,957	)
Net collections from penalty interest		29,951			29,322
Differences from payments related to court orders		(5,377	)		(8,537	)
Collections of dividends from other companies		3,525			7,078
Other collections related to other income and losses		57,909			52,176
Net payments from other operating activities		(499,830	)		(614,400	)
Payment of income tax		(616,160	)		(354,660	)
Net cash flows (used in) / generated by operating activities		(884,982	)		1,472,478

- 8 - Jorge H. Brito
Chairperson

STATEMENTS OF CASH FLOWS

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation on financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013			09/30/2012
Investing activities
Net payments for bank premises and equipment		(109,639	)		(100,477	)
Net payments for other assets		(71,454	)		(47,013	)
Net cash flows used in investing activities		(181,093	)		(147,490	)
Financing activities
Net collections / (payments) for:
Non-subordinated corporate bonds		(47,483	)		(248,003	)
Central Bank of Argentina
Other		(1,137	)		11,750
Banks and International Institutions		(244,091	)		124,935
Subordinated corporate bonds		(39,093	)		(32,899	)
Financing received from Argentine financial institutions		12,349			(1,342	)
Net cash flows used in financing activities		(319,455	)		(145,559	)
Financial income and holding gains on cash and cash equivalents		653,065			346,657
Net (decrease) / increase in cash		(732,465	)		1,526,086

The accompanying notes 1 through 22 and exhibits A through L, N, O and the consolidated financial statements are an integral part of these financial statements.

- 9 - Jorge H. Brito
Chairperson

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

1. BRIEF HISTORY OF THE BANK

Macro Compañía Financiera S.A. was created in 1977 as a non-banking financial institution. In May 1988, it received the authorization to operate as a commercial bank and it was incorporated as Banco Macro S.A. Subsequently, as a result of the merger process with other entities, it adopted other names (among them, Banco Macro Bansud S.A.) and since August 2006, Banco Macro S.A. (hereinafter, the Bank).

The Bank´s shares have been publicly listed on the BCBA (Buenos Aires Stock Exchange) since November 1994, and as from March 24, 2006, they are listed on the New York Stock Exchange (NYSE).

Since 1994, Banco Macro S.A.’s market strategy was mainly focused on the regional areas outside the City of Buenos Aires. Following this strategy, in 1996, Banco Macro S.A. started the process to acquire entities and assets and liabilities during the privatization of provincial and other banks.

In 2001, 2004, and 2006, the Bank acquired the control of Banco Bansud S.A., Nuevo Banco Suquía S.A., and Nuevo Banco Bisel S.A., respectively. Such entities merged with and into Banco Macro S.A. in December 2003, October 2007, and August 2009, respectively. During fiscal years 2006 and 2010, Banco Macro S.A. acquired control over Banco del Tucumán S.A. and Banco Privado de Inversiones S.A. (see Note 2.6.).

The Bank currently offers traditional bank products and services to companies, including those operating in regional economies, as well as to individuals, thus reinforcing the Bank's objective to be a multi-services bank.

In addition, the Bank performs certain transactions through its subsidiaries, Banco del Tucumán S.A., Banco Privado de Inversiones S.A., Macro Bank Limited (an entity organized under the laws of Bahamas), Macro Securities S.A. Sociedad de Bolsa, Macro Fiducia S.A. and Macro Fondos SGFCI S.A.

2. BANK OPERATIONS

2.1. Agreement with the Misiones Provincial Government

The Bank and the Misiones Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a term of five years since January 1, 1996, as the Provincial Government’s exclusive financial agent, as well as revenue collection and obligation payment agent.

On November 25, 1999, and December 28, 2006, extensions to such agreement were agreed upon, making it currently effective through December 31, 2019.

As of September 30, 2013, and December 31, 2012, the deposits held by the Misiones Provincial Government with the Bank amounted to 1,507,348 and 1,472,825 (including 48,983 and 39,518 related to court deposits), respectively.

2.2. Agreement with the Salta Provincial Government

The Bank and the Salta Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a term of ten years as from March 1, 1996, as the Provincial Government’s exclusive financial agent, as well as revenue collection and obligation payment agent.

On February 22, 2005, such agreement was extended through March 1, 2016.

As of September 30, 2013, and December 31, 2012, the deposits held by the Salta Provincial Government with the Bank amounted to 1,742,044 and 1,694,001 (including 195,559 and 177,611 related to court deposits), respectively.

2.3. Agreement with the Jujuy Provincial Government

The Bank and the Jujuy Provincial Government entered into a special-relationship agreement whereby the Bank was appointed, for a ten-year term since January 12, 1998, as the Provincial Government’s exclusive financial agent, as well as revenue collection and obligation payment agent.

On April 29, 2005, such agreement was extended through November 4, 2014.

As of September 30, 2013 and December 31, 2012, the deposits held by the Jujuy Provincial Government with the Bank amounted to 973,600 and 717,115 (including 99,798 and 88,244 related to court deposits), respectively.

- 10 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

2.4. Banco del Tucumán S.A.

Banco del Tucumán S. A. entered into special-relationship agreements with the Tucumán Provincial Government and with the Municipality of San Miguel de Tucumán, appointing it their exclusive financial agent, as well as revenue collection and obligation payment agent, through 2011 and 2013, respectively.

On June 30, 2010, the service agreement with the Tucumán Provincial Government was extended through July 8, 2021, while the agreement executed with the Municipality of San Miguel de Tucumán was automatically extended through July 8, 2018, as set forth in the original agreement.

As of September 30, 2013 and December 31, 2012, the deposits held by the Tucumán Provincial Government and the Municipality of San Miguel de Tucumán with Banco del Tucumán S.A. amounted to 2,094,354 and 1,296,416 (including 479,314 and 399,832 related to court deposits), respectively.

2.5. Uniones Transitorias de Empresas (joint ventures)

a) Banco Macro S.A. - Siemens Itron Business Services S.A.

On April 7, 1998, the Bank entered into a joint venture agreement with Siemens Itron Business Services S.A., in which each holds a 50% equity interest, whereby a provincial data processing center would be provided to manage tax-related issues, to modernize tax collection systems and procedures in the Province of Salta, and to manage and perform the recovery of taxes and municipal assessments payable.

b) Banco Macro Bansud S.A. - Montamat & Asociados S.R.L.

On October 22, 2004, the Bank entered into a UTE (joint venture) agreement with Montamat & Asociados S.R.L under the name “BMB M&A – Unión Transitoria de Empresas”, in which each hold a 50% equity interest. The purpose of such agreement is to render audit services related to oil and gas royalties and fiscal easements in the Province of Salta to optimize tax collection in such province.

Since the purpose for which the joint venture was established no longer exists, the Executive Committee of the UTE resolved to dissolve and liquidate the UTE.

c) Banco Macro S.A. – Gestiva S.A.

On May 4, 2010, and August 15, 2012, the Bank and Gestiva S.A. entered into a joint venture under the name “Banco Macro S.A. – Gestiva S.A. – Unión Transitoria de Empresas” which is jointly controlled and is engaged in providing a comprehensive tax processing and management system for the Province of Misiones, its administration and collection of taxes thereof. The Bank has a 5% interest in its capital stock.

As of September 30, 2013, and December 31, 2012, the net assets of such joint ventures recorded and consolidated in the Bank’s financial statements through the equity method amounted to 13,418 and 10,686, respectively.

Also, as of September 30, 2013, and 2012, net income recorded through the method mentioned in the previous paragraph amounted to 18,813 and 28,059, respectively.

2.6. Legal merger of Banco Privado de Inversiones S.A.

On March 7, 2013, the Boards of Directors of Banco Macro S.A. and Banco Privado de Inversiones S.A entered into a “Preliminary merger agreement", whereby Banco Privado de Inversiones S.A. will merge with and into Banco Macro S.A. retroactively effective since January 1, 2013, based on the financial statements of the banks as of December 31, 2012.

- 11 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

On June 10, 2013, the special general shareholders’ meetings of Banco Macro S.A. and Banco Privado de Inversiones S.A., approved the preliminary merger agreement, the special purpose consolidated merger balance sheet as of December 31, 2012, the shares exchange relationship and the corresponding increase in capital of the absorbing entity.

The share exchange relationship was agreed at 0.106195 of a common share of Banco Macro S.A. per common share of Banco Privado de Inversiones S.A. Therefore, the minority shareholders of Banco Privado de Inversiones S.A. will be entitled to receive 0.106195 shares of Banco Macro S.A. for each common share they hold in Banco Privado de Inversiones S.A.’s capital stock. Consequently, Banco Macro S.A. will issue 77,860 Class B shares of common stock with a face value of Ps 1, subject to the approvals by the appropriate agencies.

After the term within which the Bank’s creditors could file objections elapsed, the "final merger agreement" was signed on July 10, 2013.

Worth mentioning that, as of the date of issuance of these financial statements, the merger was pending approval by the Bank’s various oversight agencies.

3. SIGNIFICANT ACCOUNTING POLICIES

These financial statements, which are taken from the Bank’s books of account, are stated in thousands of pesos and have been prepared in accordance with Central Bank (rules and the Argentine professional accounting standards effective in the City of Buenos Aires (see Note 5.).

3.1. Consolidated financial statements

As required under Central Bank rules, the Bank presents consolidated financial statements with its subsidiaries Banco del Tucumán S.A., Banco Privado de Inversiones S.A., Macro Bank Limited, Macro Securities S.A. Sociedad de Bolsa, Macro Fiducia S.A. and Macro Fondos SGFCI S.A. as supplementary information.

3.2. Comparative information

As required under Central Bank rules, the balance sheet as of September 30, 2013, and supplementary information are presented comparatively with those of the prior fiscal year, while the statements of income, changes in shareholders’ equity and cash flows for the nine-month period ended September 30, 2013, are presented comparatively with data for the same period in the prior fiscal year.

Additionally, due to the modification of certain disclosure methods defined for certain items in the balance sheet, which do not materially affect the shareholders’ equity of the Bank, the financial statements as of December 31, 2012 were modified for the sole purpose of comparing them with the financial statements as of September 30, 2013.

3.3. Unit of measurement

Professional accounting standards in Argentina establish that the financial statements should be stated in constant pesos. In a monetary stability context, the nominal currency is used as constant currency; however, during inflationary or deflationary periods, financial statements are required to be stated in constant currency as of the latest balance sheet date, recognizing the variations in the domestic wholesale price index (domestic WPI) published by the INDEC (Argentine Institute of Statistics and Censuses), in conformity with the restatement method under FACPCE (Argentine Federation of Professional Councils in Economic Sciences) Technical Resolution No. 6.

The Bank’s financial statements reflect the changes in the peso purchasing power through February 28, 2003, under Presidential Decree No. 664/2003, IGJ (Argentine regulatory agency of business associations) General Resolution No. 4/2003, CNV General Resolution No. 441, and Central Bank Communiqué “A” 3921. Professional accounting standards provide that the restatement method established by Technical Resolution No. 6 should have been discontinued since October 1, 2003. The effects of not having recognized the changes in the peso purchasing power through such date have not been material to the financial statements taken as a whole.

- 12 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

3.4. Significant accounting judgments, estimates and assumptions

The preparation of financial statements requires the Bank to make, in certain cases, estimates to determine the book values of assets and liabilities, income, expenses and contingencies, as well as the disclosure thereof, as of each date of accounting information filing. The Bank´s records are based on the best estimate regarding the probability of occurrence of different future events and, therefore, the final amount may differ from such estimates, which may have a positive or negative impact on future fiscal years.

3.5. Valuation methods

The main valuation methods used to prepare the accompanying financial statements as of September 30, 2013, and 2012 and December 31, 2012, were as follows:

a)   Assets and liabilities denominated in foreign currency:

The assets and liabilities denominated in US dollars were valued at Central Bank benchmark US dollar exchange rate effective as of the closing date of transactions on the last respective business day. Additionally, assets and liabilities denominated in other foreign currencies were translated at the exchange rate communicated by the Central Bank´s dealing room. Foreign exchange differences were recorded in the related statements of income.

b)   Government and private securities:

b.1) Government securities - Holdings booked at market value:

They were valued at the quoted prices or present values reported by the Central Bank, as the case may be. Differences in quoted prices and present values were recorded in the related statements of income.

b.2) Government securities - Holdings booked at amortized cost:

As set forth in Central Bank Communiqué “A” 5180, as supplemented, they were valued at acquisition cost increased by the accrued internal rate of return, net of the related offset account, also compared with the present values calculated by the Bank. The acquisition value previously mentioned is related to the present value of each security at acquisition date.

As of September 30, 2013 and December 31, 2012, the present value calculated by the Bank for these securities amounts to 385,596 and 352,521, respectively.

b.3) Listed Instruments issued by the Central Bank – Holdings booked at market value:

They were valued at the quoted price as of the last respective business day. Differences in quoted prices were recorded in the related statements of income.

b.4) Instruments issued by the Central Bank – Holdings booked at amortized cost:

Holdings with no volatility published by the Central Bank were valued at acquisition cost plus accrued interest, exponentially applying the internal rate of return as per their issuance terms and conditions. The accruals of the internal rate of return mentioned above were recorded in the related statements of income.

c)   Guaranteed loans – Presidential Decree No. 1387/2001:

As set forth in Central Bank Communiqués “A” 4898, “A” 5180, as supplemented, the guaranteed loans issued by the Argentine Government under Presidential Decree No. 1387/01 were valued at the specific acquisition value of each security, increased by accrued income including the benchmark stabilization coefficient (CER), net of the related offset account, compared in turn with the present values reported by the Central Bank.

As of September 30, 2013 and December 31, 2012, the present value reported by the Central Bank for these securities amounted to 295,243 and 272,589, respectively.

- 13 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

d)   Interest accrual:

Interest has been accrued according to a compound interest formula in the period in which it was generated, except interest on transactions in foreign currency and those whose maturity does not exceed 92 days, on which interest has been accrued according to a simple interest formula.

The Bank suspends the interest accrual whenever loan payments are not settled (generally, after 90 days) or when the recoverability of the collection of principal or interest accrued is doubtful. Accrued interest is considered part of the loan balance when determining the allowances for loan losses. Afterwards, interest is only recognized on a cash basis.

e)   CER accrual:

Receivables and payables have been indexed by the CER, wherever applicable, as follows:

e.1) Guaranteed loans: as explained in Note 3.5.c).

e.2) Deposits and other assets and liabilities: The CER as of the last respective business day was applied.

f)   Allowance for loan losses and provision for contingent commitments:

These provisions have been calculated based on the estimated uncollectibility risk of the Bank's credit portfolio, which, among other factors, results from the evaluation of the degree of debtors compliance and the guarantee/security supporting the respective transactions, considering Central Bank Communiqué “A” 2950, as supplemented, and the Bank’s provisioning policies.

When loans covered by specific allowances are settled or generate a reversal of the allowances recorded in the current period, and in cases where the allowances set in prior years exceed what is considered necessary, the excess allowance is reversed with effects on income for the current period.

The recovery of receivables previously classified under “Debit-balance control memorandum accounts - Receivables classified as irrecoverable” are recorded directly in the related statements of income.

The Bank assesses the credit risk related to possible commitments and determines the appropriate amount of allowances to be recorded. The allowances related to amounts recorded in memorandum accounts, contingent commitments, are included under “Provisions”.

g)   Loans and deposits of Government securities:

They were valued at the quoted price as of the last respective business day, plus the related accrued interest. Differences in quoted prices and accrued interest were recorded in the related statements of income.

h)   Other receivables from financial intermediation and Other liabilities from financial intermediation:

h.1) Amounts receivable from spot and forward sales pending settlement and amounts payable for spot and forward purchases pending settlement:

They were valued based on the prices agreed upon for each transaction, plus related premiums accrued.

h.2) Securities and foreign currency to be received for spot and forward purchases pending settlement and to be delivered for spot and forward sales pending settlement:

i. With volatility (active market): they were valued at the effective quoted prices for each of them at the last respective business day. Differences in quoted prices were recorded in the related statements of income.

ii. Without volatility (without active market): they were valued at their cost value increased exponentially by their internal rate of return. Such accruals were recorded in the related statements of income.

- 14 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

h.3) Debt securities and certificates of participation in financial trusts:

i. Debt securities: they were valued as provided by the Central Bank Communiqué “A” 4414, at their cost value, increased exponentially by their internal rate of return, translated into pesos according to the method described in Note 3.5.a), as the case may be.

ii. Certificates of participation in TST & AF Trust: as of December 31, 2012, they were valued by the equity method, considering the residual value of the goodwill arising from the excess of the investment cost over its book value.

iii. Other certificates of participation: they were stated at cost or face value increased as the case may be, by interest accrued until the last respective business day, translated into Argentine pesos according to the method described in Note 3.5.a), as appropriate.

The values recorded, net of allowances, do not exceed the recoverable values from the respective trusts.

h.4) Unlisted corporate bonds purchased:

They were valued by the accrual method based on their internal rate of return, as provided by Central Bank Communiqué "A" 4414 and supplementary regulations. Such accruals were recorded in the related statements of income.

h.5) Non subordinated corporate bonds issued:

They were valued at the amount due for principal and interest accrued, translated into pesos pursuant to the method described in Note 3.5.a). Such accruals were recorded in the related statements of income.

i)   Receivables from financial leases:

In accordance with Central Bank Communiqué “A” 5047, as supplemented, they were valued according to the discounted value of the sum of minimum installments pending collection (excluding any contingent installments), from the previously agreed residual value and the purchase options, for the financial lease agreements in which the Bank acts as lessor. The discounted value is calculated by applying the imputed interest rate of each lease agreement.

The effective financial lease agreements do not represent significant amounts with respect to the total financing granted by the Bank. Additionally, their characteristics are among the usual ones for this kind of transactions, and there are no differentiating issues of any kind compared with the transactions agreed on the Argentine financial market. These transactions are distributed among the Bank’s customers, and there are no pre established contingent installments or automatic renewal clauses.

j)   Investments in other companies:

j.1) In controlled financial institutions, supplementary and authorized activities: they were valued by the equity method.

j.2) In non-controlled financial institutions, supplementary and authorized activities:

i. In pesos: they were valued at acquisition cost, plus the nominal value of share-dividends received, restated as explained in Note 3.3., as the case may be.

ii. In foreign currency: they were valued at the acquisition cost in foreign currency, plus the nominal value of share-dividends received, translated into pesos in accordance with the criterion stated in Note 1. to the consolidated financial statements.

Such net values do not exceed the values calculated by the equity method on the basis of the latest financial statements published by the companies.

j.3) In other non-controlled companies: they were valued at acquisition cost, plus the nominal value of share-dividends received, restated as described in Note 3.3., as the case may be, net of allowances for impairment in value. Such net values do not exceed the values calculated by the equity method on the basis of the latest financial statements published by the companies.

- 15 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

k) Bank premises and equipment and other assets:

They were valued at their acquisition cost, restated as explained in Note 3.3., less the related accumulated depreciation calculated based on their estimated useful life using the straight line method.

l) Intangible assets:

Goodwill and organization and development costs: they were valued at their cost, restated as explained in Note 3.3. as the case may be, less the related accumulated amortization, calculated under the straight line method over their estimated useful life.

m) Valuation of derivatives:

m.1) Put options sold on BODEN 2013 coupons: as of December 31, 2012 such options were valued at the exchange value of the bonds plus interest and the CER adjustment accrued on the last respective business day.

m.2) Interest rate swap: this included the equivalent in pesos of the notional value in relation to which the Bank agreed to charge or pay a spread between fixed and variable rates.

m.3) Forward transactions without delivery of underlying asset: they were valued at the quoted price of the underlying assets upon maturity, as of the last respective business day. Differences in quoted prices were recorded in the related statements of income.

m.4) Put options taken: valued at the agreed-upon exercise price.

See also Note 11.

n) Severance payments:

The Bank charges these payments directly to expenses.

o) Provisions included in liabilities:

The Bank carries certain contingent liabilities related to current or future claims, lawsuits and other proceedings, including those related to labor and other obligations. Liabilities are recorded when it is probable that future costs will be incurred and whenever such costs may be reasonably estimated.

p) Subordinated corporate bonds:

They were valued at the amount due for principal and interest accrued, translated into pesos pursuant to the method described in Note 3.5.a). Such accruals were recorded in the related statements of income.

q) Shareholders’ equity accounts:

q.1) They are restated as explained in Note 3.2., except for the "Capital stock" account which has been kept at its original value. The adjustment resulting from its restatement as explained in Note 3.3. was included in the "Adjustments to shareholders’ equity" account.

q.2) Special reserve for subordinated corporate bonds: related to the reserve created for paying the financial services of subordinated corporate bonds issued by the Bank (see Note 10.a.1), this reserve is reversed on a monthly basis as the related interest is recorded in the related statements of income.

r) Statement-of-income accounts:

r.1) The accounts comprising monetary transactions (financial income (expense), service-charge income (expense), provision for loan losses, administrative expenses, among others) were computed at their historical amounts on a monthly accrual basis.

- 16 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

r.2) The accounts reflecting the effects on income from the sale, retirement or consumption of non monetary assets were computed on the basis of the amounts of such assets, which were restated as mentioned in Note 3.3.

r.3) The income (loss) from equity interests in subsidiaries were computed on the basis of such companies’ income (loss).

3.6. Statement of cash flows and cash equivalents

The Bank considers “cash and cash equivalents” to include the following accounts: Cash and Government and private securities which mature less than 90 days since their date of acquisition. Below is a breakdown of the reconciliation of the “Cash” item on the Statement of cash flows with the related balance sheet accounts:

	09/30/2013		12/31/2012		09/30/2012
Cash		7,994,423		8,721,854		6,258,295
Government and private securities
Instruments issued by the Central Bank		14,992		20,026		208,119
Cash and cash equivalents		8,009,415		8,741,880		6,466,414

4. INCOME TAX AND MINIMUM PRESUMED INCOME TAX

The Bank calculates income tax by applying the effective 35% rate to the estimated taxable income for each period, without considering the effect of temporary differences between book and taxable income.

In 1998, Law No. 25,063 established minimum presumed income tax for a ten-year term. At present, after subsequent extensions, such tax is effective through December 30, 2019. This tax is supplementary to income tax, while the latter is levied on the taxable income for the year, minimum presumed income tax is a minimum levy assessment by applying the 1% over the 20% of certain assets as provided by the law for financial institutions. Therefore, the Bank’s tax obligation for each year will be equal to the higher of these taxes. However, if minimum presumed income tax exceeds income tax in a given tax year, such excess may be computed as a payment on account of any income tax in excess of minimum presumed income tax that may occur in any of the following ten years, once accumulated net operating losses (NOLs) have been used.

As of September 30, 2013 and 2012, the Bank estimated an income tax charge of 918,500 and 651,000, respectively; hence, no minimum presumed income tax should be assessed for periods ended on such dates.

Additionally, as of September 30, 2013, the Bank made income tax prepayments for 369,492 for the 2013 fiscal year, which will be applied to the tax amount assessed in the 2013 tax return.

5. DIFFERENCES BETWEEN CENTRAL BANK RULES AND THE ARGENTINE PROFESSIONAL ACCOUNTING STANDARDS EFFECTIVE IN THE CITY OF BUENOS AIRES

Argentine professional accounting standards effective in the City of Buenos Aires differ, in certain valuation and disclosure aspects, from Central Bank accounting standards. The differences between those standards, which the Bank identified and deemed material to these financial statements, are as follows:

- 17 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

5.1. Valuation standards

The main items with differences in valuation matters as of September 30, 2013 and December 31, 2012 are as follows:

	Adjustments under professional accounting standards
	Stand-alone financial statements									Consolidated financial statements
	to equity						to total income / (loss) (1)			to equity						to total income / (loss) (1)
Item	09/30/2013			12/31/2012			09/30/2013			09/30/2013			12/31/2012			09/30/2013
Government securities and assistance to the government sector (a)
Government securities - Holdings booked at amortized cost		13,519			6,300			7,219			13,876			6,583			7,293
Instruments issued by the Central Bank and booked at amortized cost		8			21			(13	)		(118	)		63			(181	)
Guaranteed loans – Presidential Decree No. 1387/01		(6,141	)		(16,350	)		10,209			(6,141	)		(16,350	)		(10,209	)
Business combinations (b)
Acquisition of Nuevo Banco Bisel S.A.		(95,055	)		(102,276	)		7,221			(95,055	)		(102,276	)		7,221
Other		(59,236	)		(62,762	)		3,526			(59,236	)		(62,762	)		3,526
Interests in other companies (c)		24,032			16,761			7,271
Deferred assets – Income tax (d)		190,324			67,950			122,374			214,125			84,386			129,739
Other assets (e)		506			(477	)		983			506			(477	)		983
Liabilities – Provisions (f)		(59,116	)		(59,351	)		235			(59,116	)		(59,351	)		235
Total		8,841			(150,184	)		159,025			8,841			(150,184	)		159,025

(1) Additionally, according to the Argentine professional accounting standards effective in the City of Buenos Aires, individual and consolidated income for the nine-month period ended September 30, 2012, would have increased by 135,770.

(a) Holdings of government securities, instruments issued by the Central Bank and credit assistance to the nonfinancial government sector: these holdings and financing are valued based on the specific regulations and standards issued by the Argentine government and the Central Bank, which set forth, among other issues, the use of present values, technical values and offset accounts, as explained in Notes 3.5.b.2), 3.5.b.4) and 3.5.c). Pursuant to the Argentine professional accounting standards effective in the City of Buenos Aires, the securities, instruments and assistance mentioned in those notes should be stated at their market and/or present values, as the case may be. In addition, Central Bank current regulations establish that financing to the nonfinancial government sector is not subject to loan-loss provisioning, whereas the Argentine professional accounting standards effective in the City of Buenos Aires require that assets in general to be compared with their recoverable value every time financial statements are prepared.

- 18 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

(b) Business combinations: under the standards set forth by Central Bank, business acquisitions are recorded according to the book values of the acquired company and, if the purchase price exceeds the book value, the excess amount is recorded in the acquiring company´s books as a positive goodwill. On the other hand, if the purchase price is lower than book value, the difference is recorded in the acquiring company´s books as a negative goodwill. If the goodwill is positive, Central Bank standards establish that such goodwill should be amortized under the straight-line method based on an estimated useful life of ten years. If the goodwill is negative, Central Bank Communiqué “A” 3984 establishes specific amortization methods; the maximum amortization allowed per annum is 20%.

According to the Argentine professional accounting standards effective in the City of Buenos Aires, business combinations are recorded based on the market values of the acquired company’s identifiable net assets and the difference between the purchase price and the identifiable net asset measurement value is recorded as either a positive or a negative goodwill, as the case may be. If a positive goodwill is recognized, this goodwill will be amortized systematically over the estimated useful life, unless it has an indefinite useful life considering the estimates made by the Bank´s Management, in which case it shall not be amortized, but compared with its recoverable value as of each year-end. If a negative goodwill is recognized due to expected losses or future expenses of the acquired entity and which should not have been recorded as liabilities as of the acquisition date, it will either be charged to the statement of income according to the change in specific circumstances that gave rise to it or systematically, taking into account an average weighted useful life of the acquired entity’s assets subject to depreciation and amortization.

(c) Subsidiaries Banco del Tucumán S.A. and Banco Privado de Inversiones S.A., prepare its financial statements in conformity with Central Bank rules, which differ from the Argentine professional accounting standards effective in the City of Buenos Aires.

(d) Income tax: The Bank and its subsidiaries determine income tax applying the effective rate to the estimated taxable income, without considering the effect of the temporary differences between book and taxable income. According to the Argentine professional accounting standards effective in the City of Buenos Aires, income tax should be booked following the deferred tax method, according to which (i) in addition to the current tax payable, either an asset (if certain conditions are met) or a liability is recognized for deferred taxes related to the tax effect of the temporary differences between the book and tax valuation of assets and liabilities, and (ii) a tax expense (income) is recognized in relation to the portion involving the current tax expense (income) as well as the one involving the deferred tax expense (income), resulting from the creation and reversal of the abovementioned temporary differences in the year. Under Argentine professional accounting standards effective in the City of Buenos Aires, a deferred tax asset is recognized when there are unused NOLs or tax credits that can be deducted from future taxable income, provided they are likely.

(e) The Bank recorded interest rate swap agreements in conformity with the Central Bank accounting standards under memorandum accounts. According to the Argentine professional accounting standards effective in the City of Buenos Aires, the measurement of derivative financial instruments should be made at their net realizable value if they have quoted prices, or lacking this, using mathematical models that are appropriate in relation to the instrument’s characteristics and using variables that can be verified.

(f) The Bank books the effects of the Argentine Supreme Court rulings dated December 27, 2006, and August 28, 2007, upon payment of such precautionary measures, in conformity with Central Bank indications in the notice dated August 4, 2008. According to the Argentine professional accounting standards effective in the City of Buenos Aires, the Bank should have recorded a liability related to this item.

5.2. Disclosure standards

a) The Bank did not classify its assets and liabilities as current or noncurrent based on the time they are expected to be turned into cash or cash equivalents or on the time when the latter become due and payable, as required by the Argentine professional accounting standards effective in the City of Buenos Aires.

b) There are differences between the cash flow information disclosed and the requirements established by the Argentine professional accounting standard effective in the City of Buenos Aires such as the lack of segregation of the interest earned and paid by the Bank, considering that this statement is prepared according to specific standards applicable to financial institutions.

c) There are differences between the disclosure required by the Argentine professional accounting standards in the City of Buenos Aires and the disclosure made by the Bank regarding its income statement items, as this statement is prepared according to specific standards applicable to financial institutions.

- 19 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

d) The supplementary information presented by the Bank, is the information specifically required by Central Bank regulations. This regulation does not contemplate all disclosure requirements of the Argentine professional accounting standards in the City of Buenos Aires, such as the disclosure of due dates for all receivables and payables together with their interest rates or adjustments, certain information about transactions with related parties, the exchange rate applicable to different foreign currencies assets and liabilities at the end of the period, etc.

6. BREAKDOWN OF THE ITEMS INCLUDED IN “OTHER” AND MAIN SUBACCOUNTS

The breakdown of the “Other” account in the balance sheet and statement of income is as follows:

		09/30/2013		12/31/2012
6.1)	Loans - Other
	Other loans		3,728,268		3,715,721
	Export financing and prefinancing		1,058,200		990,352
			4,786,468		4,706,073
6.2)	Other receivables from financial intermediation - Other receivables not covered by debtor classification standards
	Debt securities issued by financial trusts		449,476		421,755
	Certificates of participation in financial trusts		235,452		335,703
	Other				32
			684,928		757,490
6.3)	Other receivables – Other
	Sundry receivables		232,473		227,647
	Security deposits		125,875		51,938
	Advanced prepayments		43,156		36,631
	Tax prepayments		2,162		5,823
	Other		13,690		10,850
			417,356		332,889
6.4)	Deposits - Nonfinancial government sector
	Certificate of deposit		2,438,349		3,430,988
	Checking accounts		2,096,730		2,016,288
	Savings accounts		352,638		594,561
	Investment accounts		187,565		224,876
	Accrued interest, adjustments and listed price differences payable		46,017		47,781
	Other		532,808		456,774
			5,654,107		6,771,268
6.5)	Deposits - From the non-financial private sector and foreign residents - Other
	Expired time deposits		510,703		441,603
	Unemployment fund for workers of the construction industry		171,705		145,572
	Attachments		124,114		87,487
	Security deposits		1,826		1,606
	Special deposits related to inflows of foreign funds		62		1,539
	Other		32,500		17,260
			840,910		695,067

- 20 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

		09/30/2013		12/31/2012
6.6)	Other liabilities from financial intermediation - Other
	Purchase financing payables		605,659		602,147
	Other withholdings and additional withholdings		272,019		279,894
	Miscellaneous not subject to minimum cash requirements		190,189		461,905
	Collections and other transactions on account and behalf of others		179,041		130,190
	Other payment orders pending settlement		149,002		152,063
	Miscellaneous subject to minimum cash requirements		144,954		25,216
	Sociedad Seguro de Depósitos (SEDESA) – Purchase of preferred shares of former Nuevo Banco Bisel S.A.  (see Note 7.)		87,186		83,832
	Retirement pension payment orders pending settlement		77,479		41,208
	Other		72,485		36,803
			1,778,014		1,813,258
6.7)	Other Liabilities - Other
	Taxes payable (net of prepayments)		744,738		461,627
	Miscellaneous payables		143,705		94,105
	Salaries and payroll taxes payable		129,880		103,186
	Withholdings on salaries		26,788		29,876
	Prepayment for the sale of assets		5,349		4,575
			1,050,460		693,369
6.8)	Memorandum accounts – Debit-balance accounts – Control – Other
	Checks and securities in custody – ANSES (Argentine social security administration)		28,001,010		15,843,687
	Securities in custody		4,317,086		4,425,794
	Checks and securities not yet collected		2,464,632		2,238,872
	Checks and securities to be debited		906,770		627,706
	Managed portfolios (see Note 12.)		487,025		458,591
	Checks and securities to be collected		130,590		124,320
			36,307,113		23,718,970
		09/30/2013		09/30/2012
6.9)	Financial income – Interest on other loans
	Personal loans		2,341,386		1,704,448
	Other		628,980		476,716
			2,970,366		2,181,164
6.10)	Financial income – Net income from government and private securities
	Government securities		236,393		225,779
	Financial trusts		51,625		32,166
	Other		12,927		4,414
			300,945		262,359

- 21 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

		09/30/2013		09/30/2012
6.11)	Financial income – Other
	Premiums on reverse repurchase agreements with the financial sector		71,434		143,818
	Interests on loans for export prefinancing and financing		39,005		38,966
	Forward foreign-currency transactions offset		32,392		14,499
	Other		47		1,989
			142,878		199,272
6.12)	Financial expense – Other
	Turnover tax and municipal assessments		443,225		268,009
	Premiums on repurchase agreements with the financial sector		8,430		2,148
	Other				1,881
			451,655		272,038
6.13)	Service-charge income - Other
	Debit and credit card income		514,489		357,240
	Rental of safe deposit boxes		51,221		46,255
	Service commissions – Joint ventures (see Note 2.5.)		37,495		54,083
	Other		170,394		125,854
			773,599		583,432
6.14)	Service-charge expense - Other
	Debit and credit card expenses		264,412		200,057
	Commissions paid to lending agents		106,329		44,373
	Turnover tax and municipal assessments		104,436		63,752
	Other		27,095		15,650
			502,272		323,832
6.15)	Administrative expenses – Other operating expenses
	Maintenance, conservation and repair expenses		129,655		82,489
	Security  services		127,970		80,642
	Electric power and communications		66,633		56,834
	Leases		51,085		40,457
	Stationery and office supplies		12,031		9,962
	Insurance		11,715		8,925
			399,089		279,309
6.16)	Other income – Other
	Other adjustments and interest on other receivables		11,059		9,359
	Services provided to Banco del Tucumán S.A.		6,667		6,606
	Gain on sale of bank premises and equipment, and other assets		6,058		7,193
	Other		39,111		28,671
			62,895		51,829

- 22 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

		09/30/2013		09/30/2012
6.17)	Other expense – Other
	Donations		16,411		7,782
	Turnover tax		3,171		2,217
	Other		37,241		11,926
			56,823		21,925

7. RESTRICTED ASSETS

As of September 30, 2013 and December 31, 2012 the following Bank’s assets are restricted:

Item	09/30/2013		12/31/2012
Government and private securities
•   Argentine Government bond in Argentine pesos at private Badlar + 275 basics points, maturing in 2014, used as security in favor of SEDESA (1)		90,580		88,984
•   Argentine government bond in Argentine pesos at private Badlar + 275 basics points, maturing in 2014, securing the role of custodian of FGS (sustainability guarantee fund) investments		63,388		35,768
•   Argentine Government bond in Argentine pesos at private Badlar + 275 basics points, maturing in 2014, for the performance of forward foreign currency trading transactions		37,489		5,322
•   Secured Bonds under Presidential Decree No. 1579/02 as security for a loan received from Banco de Inversión y Comercio Exterior S.A. (BICE)		34,663		35,906
•   Other government and private securities		12,939		13,830
Subtotal government and private securities		239,059		179,810
Loans
•   Guaranteed Loans under Presidential Decree No. 1387/01 – Global 17 at a variable rate provided as guarantee in favor of the Central Bank in relation to the auctions of advances intended for the production sector under the Bicentennial Production Financing Program		40,970		37,664
Subtotal Loans		40,970		37,664
Other receivables from financial intermediation
•      Special guarantee checking accounts opened in Central Bank for transactions related to the electronic clearing houses and similar entities		509,829		461,630
•      Interests resulting in contributions made in the Bank´s capacity by contributory partner of the following venture funds: (2)
-      Risk Fund of Compañía General de Avales SGR (mutual guarantee association), formerly Macroaval SGR, with an original contribution of 5,000 made on December 28, 2011		5,686		5,460
-      Risk Fund of Garantizar SGR, with an original contribution of 20,000 made on December 13, 2012		20,824		20,000
-      Risk Fund of Los Grobo SGR, with an original contribution of 20,000 made on December 12, 2012		22,215		20,000
Subtotal other receivables from financial intermediation		558,554		507,090

- 23 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

Item	09/30/2013		12/31/2012
Other receivables
•      Security deposits related to credit card transactions		120,973		46,080
•      Other security deposits		4,902		5,858
Subtotal other receivables		125,875		51,938
Total		964,458		776,502

(1) As replacement for the preferred shares of former Nuevo Banco Bisel S.A. to secure to SEDESA the price payment and the fulfillment of all the obligations assumed in the purchase and sale agreement dated May 28, 2007, maturing on August 11, 2021.

(2) In order to keep tax benefits related to these contributions, they must be maintained between two and three years from the date they were made.

8. TRANSACTIONS WITH RELATED PARTIES

The receivables/payables and income (loss) from transactions performed with subsidiaries and affiliates are as follows:

	Banco del  Tucumán  S.A.		Banco  Privado de  Inversiones  S.A.		Macro  Bank  Limited		Macro  Securities  S.A. Sociedad de Bolsa		Other  subsidiaries  and related  parties (1)		09/30/2013		12/31/2012
ASSETS
Cash						4,231						4,231		3,692
Loans										175,886		175,886		138,484
Other receivables from financial intermediation								18,018		148,834		166,852		111,173
Receivables from financial leases								7,252		8,548		15,800		8,479
Other receivables		218								505		723
Items pending allocation		24										24		39
Total assets		242				4,231		25,270		333,773		363,516		261,867
LIABILITIES
Deposits				204		1,039		18,047		798,834		818,124		497,495
Other liabilities from financial intermediation				74				18,647				18,721		2,034
Total liabilities				278		1,039		36,694		798,834		836,845		499,529

- 24 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

	Banco del Tucumán S.A.			Banco Privado de Inversiones S.A.			Macro Bank Limited		Macro Securities S.A. Sociedad de Bolsa			Other subsidiaries and related parties (1)			09/30/2013			12/31/2012
MEMORANDUM ACCOUNTS
Debit-balance accounts –Contingent																			64,596
Debit-balance accounts –Control								1,085					528,042			529,127			289,997
Credit-balance accounts – Contingent		923											1,923			2,876			3,136
Credit-balance accounts – Derivates													2,424			2,424			2,060
															09/30/2013			09/30/2012
INCOME (EXPENSE)
Financial income										519			19,176			19,695			15,046
Financial expense		(4,723	)										(6,683	)		(11,406	)		(9,875	)
Service-charge income		22			1			1		1,633			2,630			4,287			3,151
Service-charge expense										(4	)					(4	)		(259	)
Administrative expenses		(9	)		(943	)										(952	)		(812	)
Other income		7,301														7,301			6,964
Total income / (loss)		2,591			(942	)		1		2,148			15,123			18,921			14,215

(1) Includes amounts generated by the Bank and its subsidiaries with their related parties regarding transactions performed in the normal course of business, under normal market conditions, in terms of interest rates and prices, as well as guarantees required.

9. CAPITAL STOCK

The Bank’s subscribed and paid-in capital as of September 30, 2013, amounted to 594,485. It has remained unchanged for the last three years.

Moreover, during fiscal year 2011, the Bank acquired a total of 10,000,000 proprietary registered Class B shares of common stock for a total amount of 92,919.

- 25 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

10. CORPORATE BONDS ISSUANCE

The corporate bond liabilities recorded in the accompanying financial statements amount to:

Corporate Bonds	Original value			Residual value as of 09/30/2013		09/30/2013		12/31/2012
Subordinated – Class 1	USD	150,000,000	(a.1)	USD	150,000,000		892,724		740,192
Non-subordinated – Class 2	USD	150,000,000	(a.2)	USD	106,395,000		624,771		541,705
Total							1,517,495		1,281,897

On September 1, 2006, June 4, 2007 and April 26, 2011, the general regular shareholders’ meeting approved the creation, and subsequent extension, of a Global Program for the Issuance of Simple Corporate Bonds in a short, medium or long term, either subordinated or non subordinated, with or without guarantee, in accordance with the provisions of Law No, 23,576, as amended by Law No, 23,962, and further applicable regulations, up to a maximum amount outstanding at any time during the term of the program of USD 1,000,000,000 (one billion US dollars), or an equal amount in other currencies, under which it will be possible to issue different classes and/or series of corporate bonds denominated in US dollars or other currencies and reissue the successive classes or series to be amortized.

a.1) On December 18, 2006, under the abovementioned Global Program, Banco Macro S.A. issued the 1st series of Class 1 subordinated Notes for a face value of USD 150,000,000 (US dollars one hundred and fifty million). The main characteristics of this issuance are:

- Computable to the Bank’s required minimum capital (computable equity), as established by Communiqué “A” 4576.

- The Notes fall due within a 30-year term, with full amortization upon maturity (December 18, 2036), with full redemption option in 10 years since the issuance date.

- Interest payments will be made with a semiannual frequency (June 18 and December 18, every year).

- During the first 10 years, the interest rate will be a fixed one (9.75%), and a variable one for the remaining years (six-month LIBOR, plus 7.11%). As establish by Communiqué “A” 4576, the interest rate payable can be increased only once over the life of the instrument and subsequent to the 10-year term since their issuance.

- They do not include covenants that change the subordination order.

- No interest on the Notes will neither fall due and payable if: (i) payments of such interest is the distributable amount, as defined in the pricing supplement dated November 23, 2006; (ii) there is a general prohibition by the Central Bank; (iii) the Bank is subject to the provisions of sections 34 or 35 bis, Financial Institutions Law; (iv) the Bank is receiving financial assistance from Central Bank for illiquidity under Article 17 of Central Bank Charter; (v) the Bank is not in compliance with or have failed to comply in a timely basis with reporting obligations to the Central Bank; and/or (vi) the Bank is not in compliance with minimum capital requirements (both on an individual and consolidated basis levels) or with minimum cash reserves (on average).

- Unpaid interest is not cumulative.

- They have authorizations both for their public offering and their listing on domestic or foreign stock exchanges or markets.

- In no case, the payment of financial services may exceed net unappropriated retained earnings as per the financial statements for the last fiscal year, with an external auditor’s report, which should be appropriated to a reserve created to such end, as established by Communiqué “A” 4576 (see Note 20.b)).

The Bank used the funds derived from such issuance to grant loans.

a.2) On January 29, 2007, the Bank issued the 1st series of Class 2 nonsubordinated corporate bonds at a fixed rate of 8.5% p.a. simple, not convertible into shares, fully amortizable upon maturity (February 1, 2017) for a face value of USD 150,000,000 (one hundred and fifty million US dollars), under the terms and conditions set forth in the price supplement dated January 10, 2007. Interest is paid semiannually on February 1 and August 1 of every year.

- 26 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

Additionally, the Bank has the option to redeem such issuance, either fully or partially, at any time and periodically, The Bank used the funds derived from such issuance to grant loans.

On August 16, 2007, the Securities and Exchange Commission (SEC) authorized the abovementioned exchange offers mentioned in a.1) and a.2).

11. DERIVATIVE FINANCIAL INSTRUMENTS

The Bank performs transactions that involve derivative financial instruments, as established by Central Bank rules and Argentine professional accounting standards effective in Buenos Aires City. Such instruments mainly relate to:

- Forward transactions involving securities and foreign currency.

- Forward transactions without delivery of the underlying asset.

- Options.

- Interest rate swaps.

Such transactions were valued as explained in Notes 3.5.h.1), 3.5.h.2) and 3.5.m).

Positions of transactions effective as of September 30, 2013 and December 31, 2012 are as follows:

Transaction	09/30/2013			12/31/2012
Net position of repurchase agreements		(1,522,657	)		(324,454	)
Net asset position of forward transactions without delivery of the underlying asset (a)		5,553			25,253
Interest rate swaps (b)		50,000			85,000
Position of put options sold on BODEN 2013 coupons (c)					14,713
Position of put options taken (d)		5,932			56,045

Net income (loss) resulting from these transactions for the nine-month periods ended September 30, 2013, and December 31, 2012, amount to income (loss):

Transaction	09/30/2013			09/30/2012
Premiums on reverse repurchase agreements		71,434			143,849
Premiums on repurchase agreements		(8,430	)		(2,148	)
Interest rate swap		(47	)		77
Forward foreign-currency transactions offset		32,392			14,499
Total		95,349			156,277

(a) It is related mainly to negotiation transactions of forward foreign currency exchange rates, carried out through ROFEX and MAE. The differences of such trading transactions are settled on a daily basis based on the prices agreed upon and their quoted price upon maturity; the underlying asset is not delivered or received.

(b) As of September 30, 2013, and 2012, this is related to swap agreements entered into with the Central Bank entitling the Bank to collect on a monthly basis the positive difference between the Badlar interest rate in Argentine pesos and interest rates ranging from 15% to 16.50% nominal interest rate p.a., applied on a total of notional values of 50,000 and 85,000, respectively. In the event that the difference between the rates is negative, the Bank shall be required to pay the difference. The agreements will expire between April 30, 2014, and October 31, 2014. The purpose of these transactions is to place medium- and long-term loans in accordance with Central Bank Communiqué “A” 4776, as supplemented.

- 27 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

(c) Related to put options on the BODEN 2013 coupons provided in Presidential Decrees No. 905/2002 and No. 1836/2002, as supplemented, which were received by the holders of rescheduled deposits through the exchanges implemented by the Argentine Government.

(d) Related to the following options:

d.1) As of September 30, 2013, this includes a put option taken with Carpoint S.A. of a property received by the Bank as payment of loans granted by it. The price was set at USD 1,024,250, and the option’s exercise period between September 24, 2015, and September 23, 2016, both dates inclusive.

d.2) As of December 31, 2012, this is related to a put option taken of trust securities to be issued by the financial trust Best Consumer Finance Series XXVI and, may be received by the Bank as payment of the assignment value established in the agreement executed on November 28, 2012, with Banco de Servicios y Transacciones S.A. The initial price was set at 55,000, which will accrue a minimum applicable rate of 21%, compounded on a monthly basis. The option may be exercised within 180 days as from issuance, delivery and registration of the transacted securities under Banco Macro S.A.’s name. The Bank has not exercised the option as of the date of these financial statements.

12. PORTFOLIO MANAGEMENT

As of September 30, 2013, and December 31, 2012, the Bank manages the following portfolios:

	Managed portfolio as of
Item	09/30/2013		12/31/2012
•  On March 1, 1996, former Banco de Salta S.A. (which was absorbed by the Bank) and the Salta provincial Government entered into an Agreement to Manage the Loan Portfolio of Banco Provincial de Salta (in liquidation) related to the nonfinancial private sector.		14,042		14,053
•  On August 11, 1998, former Banco de Jujuy S.A. (which was absorbed by the Bank) and the Jujuy provincial Government entered into an agreement to manage the loan portfolio of the former Banco de la Provincia de Jujuy and to provide a monthly report on the tasks performed.		42,112		42,274
•  On April 6, 2001, through Provincial Decree No. 806, the Ministry of the Treasury of the Province of Salta approved an extension to the “Contract for the service of collecting, processing and arranging information, managing the loan portfolio and performing collection procedures related to the receivables of the IPDUV (Provincial Institute of Urban and Housing Development)" entered into on March 27, 2001, between such agency and the former Banco Macro S.A.		107,841		89,477
•  On August 19, 2002, ABN AMRO Bank N.V. Sucursal Argentina, as trustee, the former Scotiabank Quilmes S.A., as trustor, Banco Comafi S.A., as collecting agent and manager and the former Banco Bansud S.A. (currently Banco Macro S.A.), entered into an “Agreement for the LAVERC financial trust’s collection administration and management”.		74,767		77,767
•  On June 30, 2006, the Bank and Macro Fiducia S.A. entered into a management and custody agreement regarding the “RETUC 1” trust loan portfolio.		58,032		58,085
•  On November 22, 2012, the Bank (trustor) and Macro Fiducia S.A. (trustee), created the financial trust Fideicomiso Financiero Privado “SECANE”; in the trust agreement the trustor assumes the role of collection agent, administration and custodian.		88,847		93,566
•  Other portfolios managed by the Bank.		101,384		83,369
Total		487,025		458,591

- 28 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

13. MUTUAL FUNDS

As of September 30, 2013, the Bank, in its capacity as Depository Company, held in custody the interest in Mutual Funds subscribed by third parties and assets from the following mutual funds:

Fund	Shares of interest		Equity		Assets (1)
Pionero Pesos		217,730,357		387,840		362,757
Pionero Renta Ahorro		73,603,439		173,712		171,198
Pionero F F		140,861,772		290,998		291,637
Pionero Renta		44,720,742		223,933		211,675
Pionero Acciones		1,017,079		4,361		4,327
Pionero Renta Dólares		6,027		16
Pionero Empresas FCI Abierto PYMES		100,000		112		111
Pionero Consumo		100,000		107		102
Argenfunds Ahorro Pesos		181,445,298		224,919		231,339
Argenfunds Renta Privada		195,716,083		230,933		233,557
Argenfunds AB PYMES		100,001		100		100

(1) These amounts reflect the mutual funds’ assets and are recorded under the “Checks and securities in custody” memorandum account.

14. BANK DEPOSIT GUARANTEE INSURANCE SYSTEM

Law No. 24,485, and Presidential Decree No, 540/1995, provided for the organization of a Bank Deposit Guarantee Insurance System, characterized as being limited, mandatory and for valuable consideration, designed to provide coverage for risks inherent in bank deposits, subsidiary and supplementary to the bank deposit privileges and protection offered by the system created by Financial Institutions Law. Such law also provided for the organization of SEDESA to manage the Deposit Guarantee Fund. Such company was organized in August 1995. The Bank holds a 9.8289% equity interest therein, according to the percentages set forth in Central Bank Communiqué “B” 10539 of February 28, 2013.

This system shall cover the deposits (up to the amount of 120) in Argentine pesos and foreign currency with the participating institutions as checking accounts, savings accounts, certificates of deposit or any other modes determined by the Central Bank, as long as the requirements under Presidential Decree No. 540/1995 and any others established by the enforcement agency, are met. On the other hand, Central Bank established that the deposits made by other financial institutions, those made by persons related to the Bank, and deposits of securities, among others, must be excluded from the deposit guarantee system.

15. TRUST ACTIVITIES

The Bank is related to different types of trusts. Below the different trust agreements are disclosed, according to the Bank’s business purpose:

15.1. Financial trusts for investment purposes

As of September 30, 2013, and December 31, 2012, the amounts recorded in the Bank’s financial statements for holdings of certificates of participation (net of allowances for 223,832 as of both dates) and debt securities in financial trusts under “Other receivables from financial intermediation - Other not covered by debtor classification standards” were as follows:

Financial trust	09/30/2013		12/31/2012
Certificates of participation:
Frávega Créditos I and II (a)		5,509		50,977
TST & AF  (b)				57,731
Other		6,111		3,163
Subtotal certificates of participation		11,620		111,871

- 29 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

Financial trust	09/30/2013		12/31/2012
Debt securities:
Underwriting agreements  (c)		331,646		238,182
Loma Blanca  (d)		92,836		76,350
Other (e)		44,994		107,223
Subtotal debt securities		449,476		421,755
Total		461,096		533,626

(a) Frávega Créditos I and II Trust

On June 28, and December 20, 2012, Frávega SACI e I, as trustor, collection agent and beneficiary, Macro Fiducia S.A. as trustee and Banco Sáenz S.A. as the loan portfolio manager, entered into two trust agreements called Fideicomiso Financiero Privado Frávega Créditos I and Fideicomiso Financiero Privado Frávega Créditos II, respectively, whereby each trust issued Class “A” and Class “B” certificates of participation.

The purpose of both trusts is to pay the certificates of participation in full once the receivables and promissory notes transferred by the trustor have been collected. Upon expiration of the trusts, the holders of Class “B” certificates of participation will receive the remaining receivables.

On August 15, 2013, Fideicomiso Financiero Privado Frávega Créditos I settled 100% of the Class "A" certificates of participation held by the Bank.

As of September 30, 2013, the Bank is the direct beneficiary of 100% of the Class “A” certificates of participation issued by Fideicomiso Financiero Privado Frávega Créditos II.

According to the latest accounting information available as of the date of issuance of these financial statements, the corpus assets of Fideicomiso Financiero Privado Frávega Créditos II trust totaled around 31,334.

(b) TST & AF Trust

On July 14, 1999, Austral Financial LLC, in its capacity as trustor, and First Trust of New York National Association, in its capacity as trustee, entered into a trust agreement known as TST & AF Financial Trust. On November 29, 2005, the trustor, the trustee and the beneficiaries (Austral Financial LLC, Proa del Puerto S.A. and Macro Bank Limited) agreed to replace the trustee by Macro Fiducia S.A.

The purpose of the trust is to develop a real estate project in Puerto Madero and subsequent sale thereof to settle the certificates of participation. Therefore, it will terminate 30 years after its execution date and/or the date in which the project is paid in full, sold or otherwise fully disposed of. In addition, as of December 31, 2012, the Bank was the direct beneficiary of 53.34% of the certificates of participation issued by the TST & AF Trust (see also Note 7.1.a) to the consolidated financial statements).

On May 15, 2013, the Trust redeemed the certificates of participation held by the Bank, which received property and cash as payment. This transaction did not materially impact in the income statement.

(c) Underwriting agreements

It relates to prepayments towards the placement price of trust securities of the financial trusts under public offerings, made by the Bank through underwriting agreements (Consubond, Accicom and Pvcred). The assets managed for these trusts are mainly related to securitizations of consumer loans. Trust securities are placed once public offering is authorized by the CNV. Upon expiry of the placement period, once all trust securities have been placed on the market, the Bank recovers the disbursements made, plus an agreed-upon compensation (“underwriting Price”). If after making the best efforts, such trust securities cannot be placed, the Bank (“Underwriter”) will retain the securities subject to underwriting.

- 30 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

(d) Fideicomiso Loma Blanca

On December 6, 2011, Isolux Ingeniería S.A. and Isolux Corsán Argentina S.A. (trustors) and Nación Fideicomisos S.A. (trustee), set up the trust called “Fideicomiso Financiero Loma Blanca Serie I”.

The purpose of the trust consists on the set-up, start-up, operation and maintenance of all four awarded wind farms, located in the Municipality of Trelew, Province of Chubut.

As of the date of issuance of these financial statements, the Class A debt securities acquired by the Bank account for 14% of the total trust issues, The final amortization of such debt securities will operate on March 16, 2016.

According to the latest accounting information available as of the date of issuance of these financial statements, the corpus assets totaled around 658,598.

(e) Other

It includes, among others, the following trusts:

i) Chubut oil & gas royalties Trust

The trust manages assigned receivables and rights on oil & gas royalties for the purpose of financing production projects, infrastructure works in the Province of Chubut and financial investments aimed at increasing the state’s interest in the energy sector.

ii) TATSA (formerly SAETA)

It manages the credit transferred by the trustor, resulting from the sale agreement of passenger transport units with the purpose of financing their manufacturing. As of September 30, 2013, the Bank is a direct beneficiary of 100% of the debt securities and certificates of participation included in “Others”, issued by the trust.

iii) Trust created by Presidential Decree 976/2001

As of December 31, 2012, the trust managed the collection of certain taxes for the purpose of developing infrastructure projects.

Additionally, Note 7.1. to the consolidated financial statements, includes a list of the holdings for investment held by the Bank´s subsidiaries.

15.2. Trusts created using financial assets transferred by the Bank

The Bank transferred financial assets (loans) to trusts for the purpose of issuing and selling securities the collection of which is guaranteed by the cash flow resulting from such assets or group of assets. This way the funds that were originally used to finance the loans are obtained earlier.

As of September 30, 2013, and December 31, 2012, considering the latest available accounting information as of the date of the financial statements, the assets managed through Macro Fiducia S.A. (subsidiary) of this type of trusts total 7,595 and 7,147, respectively.

Additionally, Note 7.2. to the consolidated financial statements includes a list of those trusts with similar purposes to those included in this note, but created with corpus assets transferred by the Bank’s subsidiaries.

15.3. Trusts guaranteeing loans granted by the Bank

As it is common in the Argentine banking market, the Bank requires, in some cases, that the debtors present certain assets or entitlements to receive assets in a trust as a guarantee for the loans granted. This way, the risk of losses is minimized and access to the security is guaranteed in case of the debtor's noncompliance.

Trusts usually act as conduits to collect cash from the debtor’s flow of operations and send it to the bank for the payment of the debtor’s loans and thus ensure compliance with the obligations assumed by the trustor and guaranteed through the trust.

- 31 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

Additionally, other guarantee trusts manage specific assets, mainly real property.

Provided there is no noncompliance or delays by debtor in the obligations assumed with the beneficiary, the Trustee shall not execute the guaranty and all excess amounts as to the value of the obligations are reimbursed by the Trustee to the debtor.

As of September 30, 2013, and December 31, 2012, considering the latest available accounting information as of the date of the financial statements, the assets managed by the Bank, Macro Fiducia S.A. and Banco del Tucumán S.A. (subsidiaries) amount to 519,935 and 667,866, respectively.

15.4. Trusts in which the Bank acts as trustee (administration)

The Bank performs management duties of the corpus assets directly according to the agreements, performing only trustee duties and has no other interests in the trust.

In no case shall the Trustee be liable with its own assets or for any obligation deriving from the performance as trustee. Such obligations do not imply any type of indebtedness or commitment for the trustee and they will be fulfilled only through trust assets. In addition, the trustee will not encumber the corpus assets or dispose of them beyond the limits established in the related trust agreements. The fees earned by the Bank from its role as trustee are calculated according to the terms and conditions of the agreements.

Trusts usually manage funds derived from the activities performed by trustors, for the following main purposes:

- Guaranteeing in favor of the beneficiary the existence of the resources required to finance and/or pay certain obligations, such as the payment of amortization installments regarding work or service certificates, and the payment of invoices and fees stipulated in the related agreements.

- Promoting the production development of the private economic sector at a provincial level.

- Being a party to public work concession agreements granting road exploitation, management, keeping and maintenance.

As of September 30, 2013, and December 31, 2012, considering the latest available accounting information as of the date of the financial statements, the assets managed by the Bank amount to 499,465 and 400,026, respectively.

Additionally, Note 7.3. to the consolidated financial statements includes a list of those trusts with similar purposes to those included in this note, but managed by the Bank’s subsidiaries.

16. COMPLIANCE WITH REQUIREMENTS TO ACT IN THE CAPACITY OF AGENTS BELONGING TO DIFFERENT CATEGORIES OF AGENTS DEFINED BY THE CNV

On September 5, 2013, the CNV issued General Resolution No. 622, as mentioned in Note 19. Considering Banco Macro S.A.’s current operations, and according to the different categories of agents established by the abovementioned Resolution, the Bank is in the process of registering with this agency for in the following agent categories: custody of collective investment products (AC PIC FCI), placement and distribution of mutual funds (Acyd FCI), financial trustees (FF) and nonfinancial trustees (FNOF) and clearing and settlement (ALyC).

The Bank’s shareholder´s equity exceeds the minimum amount required by this regulation, amounting to 24,125, as the required minimum liquid assets of 14,000, which are made up of available assets in accounts with the Central Bank.

- 32 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

17. MINIMUM CASH AND MINIMUM CAPITAL REQUIREMENTS

17.1. Accounts identifying compliance with the minimum cash requirements:

The items computed by the Bank to constitute the minimum cash requirement effective for September 2013 are listed below, indicating the balances as of month-end of the related accounts:

Item	09/30/2013
Cash
Amounts in Central Bank accounts		5,845,747
Other receivables from financial intermediation
Special guarantee accounts with the Central Bank		509,829
Total		6,355,576

17.2. Minimum capital requirements:

As the table disclosed, the minimum capital requirements measured on an individual basis, effective for September 2013, along with its computable capital as of the end of that month:

Item	09/30/2013
Minimum capital requirement		3,871,260
Computable capital		6,927,717
Excess amount		3,056,457

18. TAX CLAIMS

The AFIP (Federal Public Revenue Agency) and provincial tax authorities have reviewed the tax returns filed by the Bank related to income tax, minimum presumed income tax and other taxes (mainly turnover tax) for the fiscal years prior to 2005.

The most significant effective claims arising from the previous paragraph are detailed below:

a) AFIP challenged the income tax returns filed by the former Banco Bansud S.A. (for the fiscal years since June 30, 1995, through June 30, 1999, and of the irregular six-month period ended December 31, 1999) and by the former Banco Macro S.A. (for the fiscal years ended since December 31, 1998, through December 31, 2000).

The matter under discussion that as yet has not been resolved and on which the regulatory agency bases its position is the impossibility of deducting credits that have collateral security, an issue that has been addressed by the Federal Administrative Tax Court and the Argentine Supreme Court in similar cases, which have issued resolutions that are favorable to the Bank’s position.

b) The Buenos Aires City Tax Authorities attributed a turnover tax difference to Banco Macro S.A. for tax period 2002, in relation to the treatment of the compensation bond, over which a precautionary measure was issued in 2009 in favor of the Bank.

Additionally, there are other appeals which are not relevant with Tax Court.

The Bank’s Management and its legal and tax advisors believe there are no additional significant effects to those already recognized in the books that may result from the final outcome of such claims.

- 33 -

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

19. CHANGES IN THE ARGENTINE MACROECONOMIC ENVIRONMENT, AND THE SITUATIONS OF THE FINANCIAL AND CAPITAL SYSTEM AND THE BANK

The financial and capital markets

The international macroeconomic context generates a certain degree of uncertainty with regard to how it will evolve in the future, due to the shrinking growth levels, the volatility of financial assets and of the exchange market, and the higher unemployment rates, among other matters.

Locally, over the past few years the economy has reflected, on average, sustained growth and the main economic and financial indicators point to a situation that differs from the one mentioned above, while displaying volatility in financial asset prices and increased interest rates. Also, there are some important significant changes in prices of other relevant economic variables, such as salary costs, the prices of major raw materials and the exchange rate, which may affect the interpretation of accounting information and financial position and the income of companies in general. From a regulatory standpoint, regulations have been increased and, in relation to the foreign exchange market in particular, since October 2011 the Government has imposed certain restrictions on access to the exchange market (MULC), which is the only market established by Argentine regulations through which to trade foreign currency. Finally, on December 27, 2012, a new Capital Markets Law was enforced, regulated by Presidential Decree No. 1023/2013 issued on July 29, 2013, and by CNV General Resolution No. 622 issued on September 5, 2013. Currently, although the abovementioned regulation provides for a transition period, it is in a process of gradual implementation and analysis by market’s different agents. The CNV has also received several presentations and requests for clarification.

Given all of the above, the Bank’s Management permanently monitors the changes in the abovementioned situations in the international and local markets, to determine the possible actions to be taken and to identify the potential effects on its assets and financial situation that may need to be reflected in the financial statements for future periods.

Legal actions

The Argentine economic and financial situation worsened in late 2001, when the Argentine government suspended payments on the sovereign debt and imposed severe restrictions on cash withdrawals from financial institutions.

The measures adopted by the Federal Executive Government with respect to the public emergency in political, economic, financial and foreign exchange matters triggered a number of legal actions (known as recursos de amparo – constitutional rights protection actions), brought by individuals and companies against the Federal Government, the Central Bank and the financial institutions for considering that Public Emergency Law and its supplementary regulations are unconstitutional.

In the specific case of deposits denominated in foreign currency, in some cases, the courts ordered the reimbursement of such deposits, either in foreign currency or at free foreign exchange rate at the time of reimbursement until a final judgment is issued with respect to the constitutionality of the conversion into pesos.

Some of these claims were treated by the Argentine Supreme Court, which issued resolutions on lower-court decisions for each particular case and in different manners.

On December 27, 2006, the Argentine Supreme Court revoked prior instance judgments that ordered the reimbursement of deposits in US dollars and decided that depositors are entitled to reimbursement of their deposits switched to pesos at the Ps, 1.40-to-USD 1 exchange rate, adjusted by the CER through the payment date, and interest should be applied to such amount at a 4% rate p.a., which may not be compounded through the payment date.

As regards courts deposit in US dollars, on March 20, 2007, the Argentine Supreme Court ruled that principal should be reimbursed with no deterioration in value whatsoever, and that the sums should be kept in their original currency.

Additionally, as of September 30, 2013 and December 31, 2012, the Bank recorded the additional payables related to such regulation under the “Provisions” account in the amount of 12,624 and 10,719 at the stand-alone level, respectively, and a total of 20,419 and 17,112 at consolidated level, respectively. The Bank´s Management believes that there would be no additional significant effects, other than those recognized in accounts that could derive from the final outcome of such actions.

- 34 -

NOTES TO THE FINANCIAL STATEMENTS

dAS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish – See Note 22)

(Figures stated in thousands of pesos, except for where indicated)

20. RESTRICTION ON EARNINGS DISTRIBUTION

a) According to Central Bank provisions, 20% of income for the year plus/minus prior-year adjustments and less accumulated losses as of the prior year-end, if any, should be allocated to the legal reserve

b) As established in the issuance conditions for the instruments representing long-term debt mentioned in Note 10.a.1), the upcoming Shareholders’ Meeting shall have to create a special reserve for the interest to be paid upon the maturities taking place in June and December 2013.

c) Under Law No. 25,063, dividends to be distributed in cash or in kind in excess of taxable income accumulated as of the end of the fiscal year immediately preceding the payment or distribution date shall be subject to a 35% income tax withholding as single and definitive payment. For this purpose, income to be considered in each year will result from adding dividends or earnings from other corporations not computed in the calculation of those earnings in the same tax period(s) to the earnings determined under application of Income Tax Law, and deducting the tax paid for the tax period(s) in which the earnings being distributed were generated or the related proportional amount.

Additionally, from the amendments introduced by Law No. 26,893, with effect from September 23, 2013, distributions of dividends (except for shares) to individuals of the country or foreign individuals or legal entities shall be subject to a 10% income tax.

d) Through Communiqués “A” 5072, 5485 and amendments, the Central Bank establishes the general procedure for distributing earnings. According to that procedure, earnings may only be distributed upon express authorization by the Central Bank, provided there are no records of the Bank having received financial aid from the Central Bank due to illiquidity or shortages in payments of minimum capital, among other previous conditions listed in the communiqués.

Therefore, earnings may only be distributed as long as the Bank has income after deducting, on a nonaccounting basis, from unappropriated retained earnings and the voluntary reserve for future distribution of earnings, the amounts of the legal and statutory reserves which are mandatory, the positive net difference between the book value and market value or present value reported by the Central Bank, as the case may be, of government debt securities and/or instruments issued by the Central Bank not valued at market price, among other items.

Lastly, the maximum amount to be distributed cannot exceed the excess payments of the required capital minimum considering, for this purpose only, an increasing adjustment of 75% of the required amount and deducting the abovementioned adjustments.

21. FINANCIAL STATEMENTS PUBLICATION

Under Communiqué “A” 760, the Central Bank prior intervention is not required for the publication of these financial statements.

22. ACCOUNTING PRINCIPLES – EXPLANATION ADDED FOR TRANSLATION INTO ENGLISH

These financial statements are presented on the basis of the accounting standards set forth by the Central Bank and, except for the effects of the matters mentioned in Note 5, in accordance with Argentine professional accounting standards effective in the City of Buenos Aires. Certain accounting practices applied by the Bank may not conform with accounting principles generally accepted in other countries.

- 35 - Jorge H. Brito
Chairperson

EXHIBIT A

DETAIL OF GOVERNMENT AND PRIVATE SECURITIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER, 31 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013				12/31/2012		09/30/2013
Name	Market value or Present Value		Book balance		Book balance		Position without options (1)			Options	Final position
GOVERNMENT AND PRIVATE SECURITIES
GOVERNMENT SECURITIES
Holdings booked at market value
- Local
Federal government bonds in pesos at Badlar Private + 2.75% - Maturity: 2014				615,298		566,583		549,516				549,516
Federal government bonds in pesos at Badlar Private + 3.00% - Maturity: 2015				408,911		119,993		375,392				375,392
Secured bonds in pesos under Presidential Decree No. 1579/02 at 2.00%				231,778		69,678		206,750				206,750
Federal government bonds in US dollars at 7.00% - Maturity: 2015				76,785		10,470		(12,289	)			(12,289	)
GDP - Related Securities in pesos - Maturity: 2035				41,427		3,042		95				95
Debt securities Series II Fixed rate for 360-day term secured in US dollars – Maturity: 11-14-2013				35,241				35,241				35,241
Consolidation bonds in pesos - 6° serie - Maturity: 2024 at 2.00%				31,661		38,653		18,643				18,643
Debt Securities at 12% in US dollars Córdoba Province - Maturity: 2017				20,028		18,000		20,028				20,028
Discount bonds denominated in pesos at 5.83% - Maturity: 2033				14,709		62,879		8,871				8,871
Federal government bonds in US dollars at 7% - Maturity: 2017				12,049		2,998		26,951				26,951
Other				43,479		63,775		29,407				29,407
Subtotal holdings booked at market value				1,531,366		956,071		1,258,605				1,258,605
Government securities under repo transactions with Central Bank of Argentina
- Local
Federal government bonds in US dollars at 7% - Maturity: 2017				90,211
Subtotal government securities under repo transactiones with Central Bank of Argentina				90,211
Holdings booked at amortized cost
- Local
Debt Securities of the Province of Neuquén Series 1 Class I in US dollars - Maturity: 06-12-2016		123,903		118,428				118,081				118,081
Province of Buenos Aires Treasury Bills in pesos – Maturity: 05-29-2014		102,782		102,782				102,782				102,782
Secured Province of Neuquén Treasury Bills Class 1 in US dollars – Maturity: 05-23-2014		80,048		75,320		146,341		75,320				75,320
Province of Chubut Treasury Bills Class 2 Serie VII in pesos – Maturity: 10-25-2013		24,415		24,415				23,119				23,119
Debt Securities of the Province of Entre Ríos Class I in US dollars - Maturity: 08-06-2016		24,448		23,119				24,415				24,415
Province of Chubut Treasury Bills Class 9 Serie l  in pesos – Maturity: 11-26-2013		15,091		15,059				15,059				15,059
Province of Chaco Treasury Bills Class 1 in pesos – Maturity: 10-18-2013		14,909		14,902				14,902				14,902
Province of Buenos Aires Treasury Bills in pesos – Maturity: 01-31-2013						51,819
Province of Buenos Aires Treasury Bills in pesos – Maturity: 06-06-2013						51,525
Debt Securities of the Province of Entre Ríos Series II in pesos Class A - Maturity: 03-26-2013						25,757
Debt securities Series II Fixed rate for 360-day term secured in US dollars – Maturity: 11-14-2013						25,010
Province of Chubut Treasury Bills Series III in pesos – Maturity: 05-24-2013						20,396
Province of Chaco Treasury Bills in US dollars - Maturity: 03-14-2013						19,526
Debt Securities of the Province of Entre Ríos Series II in pesos Class A - Maturity: 02-26-2013						5,053
Subtotal Holdings booked at amortized cost				374,025		345,427		373,678				373,678

- 36 - Jorge H. Brito
Chairperson

EXHIBIT A

(Continued)

DETAIL OF GOVERNMENT AND PRIVATE SECURITIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER, 31 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013			12/31/2012		09/30/2013
Name	Market value or Present Value	Book balance		Book balance		Position without options (1)		Options	Final position
INSTRUMENTS ISSUED BY THE CENTRAL BANK OF ARGENTINA
Central Bank of Argentina Internal Bills - Under Repo Transactions
Central Bank of Argentina Internal Bills in pesos – Maturity: 10-30-2013			1,160,829
Central Bank of Argentina Internal Bills in pesos – Maturity: 11-20-2013			21,626
Central Bank of Argentina Internal Bills in pesos – Maturity: 03-12-2014			11,754
Central Bank of Argentina Internal Bills in pesos – Maturity: 05-14-2014			11,425
Central Bank of Argentina Internal Bills in pesos – Maturity: 09-25-2013					48,942
Central Bank of Argentina Internal Bills in pesos – Maturity: 01-30-2013					43,529
Central Bank of Argentina Internal Bills in pesos – Maturity: 03-06-2013					38,972
Subtotal Central Bank of Argentina Internal Bills - Under repo Transactions			1,205,634		131,443
Central Bank of Argentina Internal Bills at market value - Own portfolio
Central Bank of Argentina Internal Bills in pesos – Maturity: 10-30-2013			14,992				14,992			14,992
Subtotal Central Bank of Argentina Internal Bills at market value - Own Portfolio			14,992				14,992			14,992
Central Bank of Argentina Internal Bills at amortized cost - Own Portfolio
Central Bank of Argentina Internal Bills in pesos – Maturity: 02-27-2013					11,038
Central Bank of Argentina Internal Bills in pesos – Maturity: 02-06-2013					8,988
Subtotal Central Bank of Argentina Notes at amortized cost - Own portfolio					20,026
Central Bank of Argentina notes at market value - Own portfolio
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2.5% - Maturity: 05-15-2013					26,320
Subtotal Central Bank of Argentina Notes at market value - Own portfolio					26,320
Subtotal Instruments issued by the Central Bank of Argentina			1,220,626		177,789		14,992			14,992

- 37 - Jorge H. Brito
Chairperson

EXHIBIT A

(Continued)

DETAIL OF GOVERNMENT AND PRIVATE SECURITIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER, 31 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013			12/31/2012		09/30/2013
Name	Market value or Present Value	Book balance		Book balance		Position without options (1)		Options	Final position
INSTRUMENTS ISSUED BY THE CENTRAL BANK OF ARGENTINA (Continued)			1,220,626		177,789		14,992			14,992
Central Bank of Argentina Notes - Under Repo Transactions
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2.5% - Maturity: 05-15-2013					33,120
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2.5% - Maturity: 01-23-2013					139,698
Subtotal Central Bank of Argentina Notes - Under repo Transactions					172,818
Central Bank of Argentina Notes at amortized cost - Own portfolio
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2.5% – Maturity: 04-23-2013			2,423				2,423			2,423
Subtotal Central Bank of Argentina Notes at amortized cost - Own portfolio			2,423				2,423			2,423
Total Instruments issued by the Central Bank of Argentina			1,223,049		350,607		17,415			17,415
Total Government securities			3,218,651		1,652,105		1,649,698			1,649,698
Total government and private Securities			3,218,651		1,652,105		1,649,698			1,649,698

(1) Position without options as of September 30, 2013, includes “Holdings” plus: “loans” and “spot and forward purchases pending settlement", less “deposits” and "spot and forward sales pending settlement".

- 38 - Jorge H. Brito
Chairperson

EXHIBIT B

FINANCING-FACILITIES CLASSIFICATION BY SITUATION

AND GUARANTEES RECEIVED

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013		12/31/2012
COMMERCIAL
In normal situation		15,519,711		13,254,939
With Senior “A” guarantees and counter-guarantees		1,199,168		598,104
With Senior “B” guarantees and counter-guarantees		2,529,038		1,987,574
Without Senior guarantees or counter-guarantees		11,791,505		10,669,261
Subject to special monitoring		55,264		142,630
In observation
With Senior “B” guarantees and counter-guarantees		39,337		25,625
Without Senior guarantees or counter-guarantees		13,244		117,005
Under negotiation or refinancing agreement
With Senior “B” guarantees and counter-guarantees		2,177
Without Senior guarantees or counter-guarantees		506
Troubled		23,900		19,854
With Senior “A” guarantees and counter-guarantees		431
With Senior “B” guarantees and counter-guarantees		15,518		11,516
Without Senior guarantees or counter-guarantees		7,951		8,338
With high risk of insolvency		189,082		71,126
With Senior “A” guarantees and counter-guarantees
With Senior “B” guarantees and counter-guarantees		41,673		22,723
Without Senior guarantees or counter-guarantees		147,409		48,403
Irrecoverable		37,113		91,931
With Senior “A” guarantees and counter-guarantees
With Senior “B” guarantees and counter-guarantees		5,027		1,642
Without Senior guarantees or counter-guarantees		32,086		90,289
Subtotal Commercial		15,825,070		13,580,480

- 39 - Jorge H. Brito
Chairperson

EXHIBIT B

(Continued)

FINANCING-FACILITIES CLASSIFICATION BY SITUATION

AND GUARANTEES RECEIVED

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013		12/31/2012
CONSUMER
Performing		18,881,781		16,203,898
With Senior “A” guarantees and counter-guarantees		304,738		46,170
With Senior “B” guarantees and counter-guarantees		1,383,145		1,226,121
Without Senior guarantees or counter-guarantees		17,193,898		14,931,607
Low risk		310,457		265,584
With Senior “A” guarantees and counter-guarantees		1,722		157
With Senior “B” guarantees and counter-guarantees		14,879		12,499
Without Senior guarantees or counter-guarantees		293,856		252,928
Medium risk		179,385		169,675
With Senior “A” guarantees and counter-guarantees		393		9
With Senior “B” guarantees and counter-guarantees		4,510		4,520
Without Senior guarantees or counter-guarantees		174,482		165,146
High risk		127,983		108,676
With Senior “A” guarantees and counter-guarantees		245		69
With Senior “B” guarantees and counter-guarantees		4,711		4,407
Without Senior guarantees or counter-guarantees		123,027		104,200
Irrecoverable		86,912		88,172
With Senior “A” guarantees and counter-guarantees		31
With Senior “B” guarantees and counter-guarantees		7,546		7,063
Without Senior guarantees or counter-guarantees		79,335		81,109
Irrecoverable according to Central Bank's rules		144		134
Without Senior guarantees or counter-guarantees		144		134
Subtotal Consumer		19,586,662		16,836,139
Total		35,411,732		30,416,619

- 40 - Jorge H. Brito
Chairperson

EXHIBIT C

FINANCING-FACILITIES CONCENTRATION

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013				12/31/2012
Number of customers	Outstanding balance		% of total portfolio		Outstanding balance		% of total portfolio
10 largest customers		2,841,323		8.02		2,684,306		8.83
50 next largest customers		3,902,444		11.02		3,817,902		12.55
100 next largest customers		2,655,784		7.50		2,177,917		7.16
Other customers		26,012,181		73.46		21,736,494		71.46
Total		35,411,732		100.00		30,416,619		100.00

- 41 - Jorge H. Brito
Chairperson

EXHIBIT D

BREAKDOWN BY FINANCING TERMS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	Terms remaining to maturity
Item	Matured		Up to 1 month		Over 1 month and up to 3 months		Over 3 months and up to 6 months		Over 6 months and up to 12 months		Over 12 Months and up to 24 months		Over 24 months		Total
Non-financial government sector		44		27,329		13,662		5,975		84,086		148,772		332,776		612,644
Financial sector				263,561		8,919		66,544		33,045		19,496				391,565
Non-financial private sector and foreign residents		403,767		11,570,659		3,777,317		3,861,517		3,325,387		4,445,196		7,023,680		34,407,523
Total		403,811		11,861,549		3,799,898		3,934,036		3,442,518		4,613,464		7,356,456		35,411,732

- 42 - Jorge H. Brito
Chairperson

EXHIBIT E

DETAIL OF INVESTMENTS IN OTHER COMPANIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

												Information on the issuer
	09/30/2013									12/31/2012		Data from latest financial statements
Name	Class	Unit face value		Votes per share		Number		Amount		Amount		Main business activity	Period / year-end date		Capital stock		Shareholders' equity		Income (loss) for the period / year
In financial institutions, supplementary and authorized activities
- Subsidiaries
In Argentina
Banco del Tucumán S.A.	Common		100		1		395,341		570,028		456,898	Financial institution		09-30-12		43,960		633,845		125,797
Banco Privado de Inversiones S.A.	Common		1		1		85,925,820		107,497		96,779	Financial institution		09-30-12		86,659		108,414		10,809
Macro Securities S.A. Sociedad de Bolsa	Common		1		1		12,776,680		49,627		39,367	Brokerage house		09-30-12		12,886		49,130		9,891
Macro Fiducia S.A	Common		1		1		6,475,143		12,745		12,555	Services		09-30-12		6,567		12,580		1,384
Macro Fondos SGFCI S.A.	Common		1		1		327,183		3,734		4,321	Mutual funds management		09-30-12		1,713		18,915		8,727
Foreign														09-30-12
Macro Bank Limited	Common		1		1		9,816,899		243,137		219,002	Financial institution		09-30-12		9,817		243,138		24,136
Subtotal subsidiaries									986,768		828,922
- Non-subsidiaries
In Argentina
Banelco S.A.	Common		1		1		1,071,716		2,500		2,500	Network administration		12-31-12		23,599		62,631		25,777
Provincanje S.A.	Common		1		1		600,000		603		603	Swap of securities		12-31-12		7,200		6,743		(962	)
Visa Argentina S.A.	Common		1		1		1,033,503		2,086		2,086	Business services		05-31-12		15,000		231,208		169,876
COEL S.A.	Common		1		1		86,236		138		124	Financial Services		12-31-12		1,000		3,106		500
ACH  S.A.	Common		1		1		110,500		196		196	Electronic information services		12-31-11		650		371		153
Mercado Abierto Electrónico  S.A.	Common		1,200		1		7		113		113	Electronic market		12-31-12		242		16,222		280
Argentina Clearing S.A.	Common		2,500		1		30		31		31	Services		07-31-12		10,250		33,071		8,307
Garantizar SGR	Common		1		1		10,000		10		10	Mutual guarantee association		12-31-12		13,419		562,680		4,079
Foreign
Banco Latinoamericano de Exportaciones S.A.	Common		10		1		7,303		457		388	Financial institution		12-31-12		1,376,746		4,064,026		457,466
Banco Latinoamericano de Exportaciones S.A.	Com "E"		1		1		3,729		339		288	Financial institution		12-31-12		1,376,746		4,064,026		457,466
Subtotal non-subsidiaries									6,473		6,339
Total in financial institutions, supplementary  and authorized activities									993,241		835,261
In other companies
- Non-subsidiaries
In Argentina
Other									1,476		1,424
Foreign
SWIFT S.A.	Common		1		1		5		29		24	Services		12-31-12		973,323		1,638,274		90,222
Total in other companies									1,505		1,448
Total (1)									994,746		836,709

(1) As of September 30, 2013 and December 31, 2012 the Bank booked allowances for impairment in value amounting for 344 and 311, respectively (see Exhibit J).

- 43 - Jorge H. Brito
Chairperson

EXHIBIT F

MOVEMENT OF BANK PREMISES AND EQUIPMENT AND OTHER ASSETS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	Net book value at									Depreciation for the period				Net book
Item	beginning of fiscal year		Increases		Transfers			Decreases		Years of useful life		Amount		value at end of period
Bank premises and equipment
Buildings		346,553		28,097		1,157			220		50		10,813		364,774
Furniture and facilities		79,856		11,740							10		8,870		82,726
Machinery and equipment		130,753		63,323							5		37,630		156,446
Vehicles		36,396		7,155					167		5		9,492		33,892
Total		593,558		110,315		1,157			387				66,805		637,838
Other assets
Works in progress		53,393		42,250		(1,157	)								94,486
Works of art		1,177							7						1,170
Prepayments for the purchase of assets		13,256		7,213											20,469
Foreclosed assets		5,195		4,420					573		50		61		8,981
Leased buildings		572									50		2		570
Stationery and office supplies		9,265		30,711					30,111						9,865
Other assets		180,515		32,734					13,458		50		831		198,960
Total		263,373		117,328		(1,157	)		44,149				894		334,501

- 44 - Jorge H. Brito
Chairperson

EXHIBIT G

DETAIL OF INTANGIBLE ASSETS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	Valores			Net book value at				Amortization for the period				Net book
Item	residuales al inicio del ejercicio		Reexpresión según nota	Beginning of fiscal year		Increases		Years of useful life		Amount		value at end of the period
Goodwill (a)		63,477			72,841				10		10,539		62,302
Organization and development costs (b)		103,028			206,088		99,115		5		58,899		246,304
Total		166,505			278,929		99,115				69,438		308,606

(a) Related to the difference between the total price of the transaction and the value by the equity method of Banco del Tucumán S.A., former Nuevo Banco Bisel S.A. and Banco Privado de Inversiones S.A. acquisitions.

(b) Includes the cost of information technology projects hired from independent parties and leasehold improvements.

- 45 - Jorge H. Brito
Chairperson

EXHIBIT H

DEPOSIT CONCENTRATION

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013				12/31/2012
Number of customers	Outstanding balance		% of total portfolio		Outstanding balance		% of total portfolio
10 largest customers		5,428,932		14.74		5,962,115		18.35
50 next largest customers		4,298,264		11.67		3,563,116		10.97
100 next largest customers		2,038,079		5.53		1,804,974		5.55
Other customers		25,069,196		68.06		21,163,766		65.13
Total		36,834,471		100.00		32,493,971		100.00

- 46 - Jorge H. Brito
Chairperson

EXHIBIT I

BREAKDOWN OF DEPOSITS, OTHER LIABILITIES FROM FINANCIAL INTERMEDIATION AND

SUBORDINATED CORPORATE BONDS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	Terms remaining to maturity
Item	Up to 1 month		Over 1 month and up to 3 months		Over 3 months and up to  6 months		Over 6 months and up to 12 months		Over 12 months and up to 24 months		Over 24 months		Total
Deposits		29,489,220		6,332,159		813,336		193,297		4,855		1,604		36,834,471
Other liabilities from financial intermediation
Central Bank of Argentina		3,547		430		1,552		2,457		5,830		7,892		21,708
Banks and International Institutions		12,045		10,331		12,214								34,590
Non-subordinated corporate bonds						8,584						616,187		624,771
Financing received from Argentine financial institutions		904		1,349		2,362		6,079		12,459		33,719		56,872
Other		1,553,404		131,596		2,145		2,312		1,252		87,305		1,778,014
		1,569,900		143,706		26,857		10,848		19,541		745,103		2,515,955
Subordinated corporate bonds				23,999								868,725		892,724
Total		31,059,120		6,499,864		840,193		204,145		24,396		1,615,432		40,243,150

- 47 - Jorge H. Brito
Chairperson

EXHIBIT J

CHANGES IN ALLOWANCES AND PROVISIONS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	Balances at beginning of		Increases		Decreases				Balances at end of the
Breakdown	fiscal year		(1)		Charge off		Reversals		period
ALLOWANCES
Loans
For uncollectibility risk and impairment in value		828,838		464,257		353,706		22,545		916,844
Other receivables from financial intermediation
For uncollectibility risk and impairment in value		228,023		3,216		2,010				229,229
Receivables from financial leases
For uncollectibility risk		6,585		508				5		7,088
Investments in other companies
For impairment in value		311		41				8		344
Other receivables
For uncollectibility risk		8,744		1,089		2,399		295		7,139
Total allowances		1,072,501		469,111		358,115		22,853		1,160,644
PROVISIONS
Contingent commitments		5		5,751				3		5,753
For other contingencies		87,565		28,139		14,857				100,847
Difference from court deposits dollarization		10,719		1,905						12,624
Total Provisions		98,289		35,795		14,857		3		119,224

(1) See notes 3.5.f). and 3.5.o).

- 48 - Jorge H. Brito
Chairperson

EXHIBIT K

CAPITAL STRUCTURE

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

Shares				Capital stock
			Votes per	Issued
Class	Number		share	Outstanding	Own Portfolio (1)		Paid in
Registered common stock A		11,235,670	5	11,236				11,236
Registered common stock B		583,249,498	1	573,249		10,000		583,249
Total		594,485,168		584,485		10,000		594,485

(1) See Note 9.

- 49 - Jorge H. Brito
Chairperson

EXHIBIT L

FOREIGN CURRENCY BALANCES

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

	09/30/2013																																12/31/2012
	Total Parent company and		Total per currency
	Argentine				Pound		Swiss		Danish		Canadian		Australian		Neozalen				Swedish		Norwegian		Uruguayans		Chilean
Items	branches		US dollar		sterling		franc		krone		dollar		dollar		dollar		Yen		krone		krone		peso		peso		Guarani		Real		Euro		Total
ASSETS
Cash		4,112,305		4,088,972		2,479		1,152		90		651		14		186		805		31		294		1,022		617		9		4,023		11,960		2,897,285
Government and private securities		468,219		468,219																														213,179
Loans		1,912,802		1,911,158																												1,644		2,430,839
Other receivables from financial intermediation		399,677		392,625																												7,052		170,176
Receivables from financial leases		28,362		28,362																														38,029
Investments in other companies		243,962		243,962																														219,702
Other receivables		115,353		115,353																														119,688
Items pending allocation		1,366		1,366																														1,025
Total		7,282,046		7,250,017		2,479		1,152		90		651		14		186		805		31		294		1,022		617		9		4,023		20,656		6,089,923
LIABILITIES
Deposits		2,257,840		2,257,840																														2,273,803
Other liabilities from financial intermediation		1,127,250		1,109,594		20		110				281																				17,245		1,048,945
Other liabilities		2,404		2,404																														2,315
Subordinated corporate bonds		892,724		892,724																														740,192
Items pending allocation		15		15																														43
Total		4,280,233		4,262,577		20		110				281																				17,245		4,065,298
MEMORANDUM ACCOUNTS
DEBIT-BALANCE ACCOUNTS
(except contra debit-balance accounts)
Contingent		1,294,060		1,294,048																												12		1,292,471
Control		877,981		836,555								1																				41,425		959,384
Derivatives		5,932		5,932
CREDIT-BALANCE ACCOUNTS
(except contra credit-balance accounts)
Contingent		136,606		136,009																												597		177,724

- 50 - Jorge H. Brito
Chairperson

EXHIBIT N

CREDIT ASSISTANCE TO RELATED PARTIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

Item	09/30/2013 (1)		12/31/2012 (1)
Loans
Overdrafts		60,883		33,561
Without Senior guarantees or counter-guarantees		60,883		33,561
Documents		163
Without Senior guarantees or counter-guarantees		163
Mortgage and pledge		12,371		6,283
With Senior “B” guarantees and counter-guarantees		11,823		6,283
Without Senior guarantees or counter-guarantees		548
Personal		525		307
Without Senior guarantees or counter-guarantees		525		307
Credit cards		16,639		14,960
Without Senior guarantees or counter-guarantees		16,639		14,960
Other		34,966		33,933
Without Senior guarantees or counter-guarantees		34,966		33,933
Total loans		125,547		89,044
Other receivables from financial intermediation				451
Receivables from financial leases		9,053		8,602
Contingent Commitments		1,953		4,522
Investments in other companies		987,243		829,397
Total		1,123,796		932,016
Allowances / Provisions		1,490		1,133

(1) As of September 30, 2013 and December 31, 2012 all debtors are classified in performing situation.

- 51 - Jorge H. Brito
Chairperson

EXHIBIT O

DERIVATIVE FINANCIAL INSTRUMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish - See Note 22)

(Figures stated in thousands of pesos)

Originally

agreed

Residual

Weighted daily

Purpose of the

weighted

weighted

average term of

Type of

transactions

Underlying

Type of

Negotiation environment

monthly

monthly

settlement of

contract

performed

asset

settlement

or counter-party

average term

average term

differences

Amount

Intermediation

With delivery of

Over The Counter - Residents

Options

- own account

Other

underlying asset

in Argentina - Non-financial sector

36

36

5,932

Intermediation

Argentine

With delivery of

MAE (over-the-counter

Repo transactions

- own account

government securities

underlying asset

electronic market)

1

1

1,526,075

Intermediation

Foreign

Daily settlement of

MAE (over-the-counter

Futures

- own account

currency

differences

electronic market)

5

4

1

2,599,527

Intermediation

Foreign

Maturity settlement

Over The Counter - Residents

Forward

- own account

currency

of differences

in Argentina - Non-financial sector

4

2

30

337,196

Intermediation

MAE (over-the-counter

Swaps

- own account

Other

Other

electronic market)

60

11

30

50,000

- 52 - Jorge H. Brito
Chairperson

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

		09/30/2013			12/31/2012
ASSETS
A.	CASH
	Cash on hand		2,097,886			2,794,916
	Due from banks and correspondents
	Central Bank of Argentina		6,467,147			6,543,996
	Local Other		13,396			13,628
	Foreign		870,765			694,200
	Other		362			308
			9,449,556			10,047,048
B.	GOVERNMENT AND PRIVATE SECURITIES (Exhibit I)
	Holdings booked at market value		2,189,508			1,357,022
	Government securities under repo transactions with Central Bank of Argentina		90,211
	Holdings booked at amortized cost		379,440			353,174
	Instruments issued by the Central Bank of Argentina		1,777,750			612,889
	Investments in listed private securities		3			19,993
			4,436,912			2,343,078
C.	LOANS
	To the non-financial government sector		591,608			586,557
	To the financial sector
	Interfinancing - (granted call)		444,914			166,546
	Other financing to Argentine financial institutions		67,810			130,612
	Accrued interest, adjustments, foreign exchange and quoted price differences receivables		1,097			2,092
	To the non-financial private sector and foreign residents
	Overdrafts		5,642,010			4,280,640
	Documents		3,654,387			3,651,390
	Mortgage loans		1,916,179			1,508,463
	Pledge loans		1,168,941			928,693
	Personal loans		13,012,525			10,826,601
	Credit cards		5,755,413			4,725,177
	Other		4,877,944			4,808,641
	Accrued interest, adjustments, foreign exchange and quoted price differences receivables		609,882			570,281
	less: Unearned discount		(142,854	)		(95,940	)
	less: Allowances (Note 4.)		(985,976	)		(887,156	)
			36,613,880			31,202,597

- 53 - Jorge H. Brito
Chairperson

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

		09/30/2013			12/31/2012
D.	OTHER RECEIVABLES FROM FINANCIAL INTERMEDIATION
	Central Bank of Argentina		632,445			517,360
	Amounts receivable from spot and forward sales pending settlement		2,148,795			697,854
	Securities and foreign currency receivable from spot and forward purchases pending settlement		155,800			216,144
	Unlisted corporate bonds		311,977			141,560
	Receivables from forward transactions without delivery of underlying asset					12
	Other receivables not covered by debtors classification standards		743,932			863,436
	Other receivables covered by debtors classification standards		259,834			176,483
	Accrued interest receivables covered by debtors classification standards		534			515
	less: Allowances (Note 4.)		(233,374	)		(233,123	)
			4,019,943			2,380,241
E.	RECEIVABLES FROM FINANCIAL LEASES
	Receivables from financial leases		375,709			323,077
	Accrued interest and adjustments		5,295			5,069
	less: Allowances (Note 4.)		(7,096	)		(6,599	)
			373,908			321,547
F.	INVESTMENTS IN OTHER COMPANIES
	In financial institutions		795			676
	Other		12,336			12,267
	less: Allowances (Note 4.)		(1,354	)		(1,379	)
			11,777			11,564
G.	OTHER RECEIVABLES
	Receivables from sale of assets		7,307			6,195
	Other		451,096			372,966
	Accrued interest and adjustments receivable on from sale of assets		341			332
	Other accrued interest and adjustments receivables		28			35
	less: Allowances (Note 4.)		(7,628	)		(9,282	)
			451,144			370,246
H.	BANK PREMISES AND EQUIPMENT, NET		707,512			654,002
I.	OTHER ASSETS		339,617			268,445
J.	INTANGIBLE ASSETS
	Goodwill		62,302			72,841
	Organization and development costs		258,087			215,690
			320,389			288,531
K.	ITEMS PENDING ALLOCATION		7,682			6,766
TOTAL ASSETS			56,732,320			47,894,065

- 54 - Jorge H. Brito
Chairperson

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

		09/30/2013		12/31/2012
LIABILITIES
L.	DEPOSITS
	From the non-financial government sector		7,972,629		8,318,383
	From the financial sector		20,881		24,222
	From the non-financial private sector and foreign residents
	Checking accounts		7,494,284		6,716,911
	Savings accounts		7,454,035		6,467,168
	Time deposits		17,581,989		13,596,225
	Investment accounts		107,961		149,325
	Other		903,560		737,870
	Accrued interest, adjustments, foreign exchange and quoted price differences payables		238,660		178,568
			41,773,999		36,188,672
M.	OTHER LIABILITIES FROM FINANCIAL INTERMEDIATION
	Central Bank of Argentina
	Other		21,854		21,725
	Banks and International Institutions		34,157		273,968
	Non-subordinated Corporate Bonds		616,187		523,176
	Amounts payable for spot and forward purchases pending settlement		202,355		202,313
	Securities and foreign currency to be delivered under spot and forward sales pending settlement		2,229,209		739,730
	Financing received from Argentine financial institutions
	Interfinancing (received call)				40,000
	Other financing received from Argentine financial institutions		26,080		13,724
	Accrued interest payables				52
	Receivables from forward transactions without delivery of underlying asset		6,655
	Other		1,852,413		1,917,712
	Accrued interest, adjustments, foreign exchange and quoted price differences payables		39,809		52,724
			5,028,719		3,785,124
N.	OTHER LIABILITIES
	Fees		799		7,470
	Other		1,140,310		783,066
			1,141,109		790,536
O.	PROVISIONS (Note 4.)		153,792		131,683
P.	SUBORDINATED CORPORATE BONDS		892,724		740,192
Q.	ITEMS PENDING ALLOCATION		3,901		7,408
	MINORITY INTERESTS IN SUBSIDIARIES		64,030		51,355
	TOTAL LIABILITIES		49,058,274		41,694,970
	SHAREHOLDERS' EQUITY		7,674,046		6,199,095
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY			56,732,320		47,894,065

- 55 - Jorge H. Brito
Chairperson

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013		12/31/2012
MEMORANDUM ACCOUNTS
DEBIT-BALANCE ACCOUNTS		56,402,608		37,863,919
Contingent		10,985,663		9,176,324
Guarantees received		10,630,576		8,776,152
Other not covered by debtors classification standards		121		165
Contingent debit-balance contra accounts		354,966		400,007
Control		41,655,173		27,487,838
Receivables classified as irrecoverable		1,214,238		995,622
Other		39,793,838		25,994,575
Control debit-balance contra accounts		647,097		497,641
Derivatives		2,992,655		386,341
Notional value of put options taken		5,932		56,045
Notional value of forward transactions without delivery of underlying asset		1,471,138		127,918
Interest rate swap		50,000		85,000
Derivatives debit-balance contra accounts		1,465,585		117,378
Trust activity		769,117		813,416
Trust funds		769,117		813,416
CREDIT-BALANCE ACCOUNTS		56,402,608		37,863,919
Contingent		10,985,663		9,176,324
Credit lines granted (unused portion) covered by debtors classification standards				19,669
Other guarantees provided covered by debtors classification standards		125,013		129,140
Other guarantees provided not covered by debtors classification standards		152,066		153,762
Other covered by debtors classification standards		77,887		97,436
Contingent credit-balance contra accounts		10,630,697		8,776,317
Control		41,655,173		27,487,838
Checks to be credited		647,097		497,641
Control credit-balance contra accounts		41,008,076		26,990,197
Derivatives		2,992,655		386,341
Notional value of put options sold				14,713
Notional value of forward transactions without delivery of underlying asset		1,465,585		102,665
Derivatives credit-balance contra account		1,527,070		268,963
Trust activity		769,117		813,416
Trust activity credit-balance contra accounts		769,117		813,416

The accompanying notes 1 through 7 to the consolidated financial statements and Exhibit I are an integral part of these statements, which are part of the stand-alone financial statements of Banco Macro S.A. and should be read together with them.

- 56 - Jorge H. Brito
Chairperson

CONSOLIDATED STATEMENTS OF INCOME

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

		09/30/2013		09/30/2012
A.	FINANCIAL INCOME
	Interest on cash and due from banks		181		129
	Interest on loans to the financial sector		34,816		34,847
	Interest on overdrafts		747,047		511,853
	Interest on documents		451,713		294,494
	Interest on mortgage loans		233,931		139,528
	Interest on pledge loans		138,461		90,658
	Interest on credit card loans		706,167		533,610
	Interest on financial leases		49,988		45,121
	Interest on other loans		3,416,742		2,538,623
	Net income from government and private securities		313,158		286,043
	Interest on other receivables from financial intermediation		2,247		628
	Income from guaranteed loans - Presidential Decree No. 1,387/01		16,543		10,670
	CER (Benchmark Stabilization Coefficient) adjustment		23,179		14,436
	CVS (Salary Variation Coefficient) adjustment		489		303
	Difference in quoted prices of gold and foreign currency		465,537		273,286
	Other		165,632		208,753
			6,765,831		4,982,982
B.	FINANCIAL EXPENSE
	Interest on checking accounts		327		211
	Interest on savings accounts		30,873		24,229
	Interest on time deposits		2,165,752		1,553,063
	Interest on interfinancing received loans (received call)		2,873		3,261
	Interest on other financing from financial institutions		7		10
	Interest on other liabilities from financial intermediation		44,711		47,549
	Interest on subordinated bonds		58,210		49,029
	Other interest		2,513		2,195
	CER adjustment		3,207		3,265
	Contribution to Deposit Guarantee Fund		49,753		40,984
	Other		493,927		305,254
			2,852,153		2,029,050
	GROSS INTERMEDIATION MARGIN - GAIN		3,913,678		2,953,932
C.	PROVISION FOR LOAN LOSSES		381,478		403,094
D.	SERVICE-CHARGE INCOME
	Related to lending transactions		125,975		87,057
	Related to deposits		1,482,723		1,152,667
	Other commissions		36,936		30,238
	Other		851,860		644,006
			2,497,494		1,913,968

- 57 - Jorge H. Brito
Chairperson

CONSOLIDATED STATEMENTS OF INCOME

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

		09/30/2013			09/30/2012
E.	SERVICE-CHARGE EXPENSE
	Commissions		150,616			108,579
	Other		540,235			351,811
			690,851			460,390
F.	ADMINISTRATIVE EXPENSES
	Personnel expenses		1,710,729			1,317,817
	Directors' and statutory auditors' fees		70,585			48,006
	Other professional fees		101,808			76,944
	Advertising and publicity		89,392			64,289
	Taxes		158,467			120,640
	Depreciation of equipment		72,173			62,080
	Amortization of organization costs		63,411			53,722
	Other operating expenses		432,725			305,955
	Other		211,257			170,155
			2,910,547			2,219,608
	NET INCOME FROM FINANCIAL INTERMEDIATION - GAIN		2,428,296			1,784,808
G.	OTHER INCOME
	Income from long-term investments		22,112			5,347
	Penalty interest		30,554			29,967
	Recovered loans and allowances reversed		82,454			57,722
	CER adjustments		48			56
	Others		60,402			49,758
			195,570			142,850
H.	OTHER EXPENSE
	Penalty interest and charges payable to the Central Bank of Argentina		22			19
	Charges for other receivables uncollectibility and other allowances		41,483			28,989
	Amortization of differences related to court orders					59,965
	Depreciation and loss of other assets		2,508			1,300
	Goodwill amortization		10,539			10,539
	Other		61,388			23,274
			115,940			124,086
	MINORITY INTEREST IN SUBSIDIARIES		(12,693	)		(9,531	)
	NET INCOME BEFORE INCOME TAX - GAIN		2,495,233			1,794,041
I.	INCOME TAX		1,005,048			726,185
	NET INCOME FOR THE PERIOD - GAIN		1,490,185			1,067,856

The accompanying notes 1 through 7 to the consolidated financial statements and Exhibit I are an integral part of these financial statements, which are part of the stand-alone financial statements of Banco Macro S.A. and should be read together with them.

- 58 - Jorge H. Brito
Chairperson

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013			09/30/2012
CHANGES IN CASH AND CASH EQUIVALENTS (Note 1.5.)
Cash at beginning of the fiscal year		10,526,353			6,172,446
Cash at end of the period		10,000,371			7,991,908
Net (decrease) / increase in cash		(525,982	)		1,819,462
CAUSES OF CHANGES IN CASH
Operating activities
Net collections / (payments) for:
Government and private securities		(284,209	)		(254,696	)
Loans
To the financial sector		(179,282	)		51,234
To the non-financial government sector		33,441			30,481
To the non-financial private sector and foreign residents		92,759			(489,151	)
Other receivables from financial intermediation		(1,501,048	)		145,137
Receivables from financial leases		(3,586	)		80,955
Deposits
From the financial sector		(3,342	)		4,183
From the non-financial government sector		(696,884	)		2,184,625
From the non-financial private sector and foreign residents		4,037,515			1,987,341
Other liabilities from financial intermediation
Financing facilities from the financial sector (received calls)		(43,400	)		(157,686	)
Others (except liabilities included under financing activities)		(6,774	)		(61,713	)
Collections related to service-charge income		2,481,198			1,900,378
Payments related to service-charge expenses		(663,213	)		(447,274	)
Administrative expenses paid		(2,721,432	)		(2,150,107	)
Payment of organization and development costs		(105,823	)		(79,327	)
Net collections from penalty interest		30,533			29,689
Differences from payments related to court orders		(5,377	)		(8,782	)
Collections of dividends from other companies
Other collections related to other income and losses		54,310			53,151
Net payments from other operating activities		(536,089	)		(653,961	)
Payment of income tax / minimum presumed income tax		(703,758	)		(421,945	)
Net cash flows (used in) / generated by operating activities		(724,461	)		1,742,532

- 59 - Jorge H. Brito
Chairperson

CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE NINE-MONTH PERIODS ENDED SEPTEMBRE 30, 2013 AND 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013			09/30/2012
Investing activities
Net payments for bank premises and equipment		(122,442	)		(109,671	)
Net payments for other assets		(73,428	)		(48,695	)
Other collections for investing activities		3,853			2,853
Net cash flows used in investing activities		(192,017	)		(155,513	)
Financing activities
Net collections / (payments) for:
Non-subordinated corporate bonds		(47,483	)		(248,003	)
Central Bank of Argentina:
Other		(1,071	)		11,820
Banks and International Institutions		(244,091	)		124,935
Subordinated corporate bonds		(39,093	)		(32,899	)
Financing received from Argentine financial institutions		12,349			(1,796	)
Dividends paid		(19	)		(19	)
Net cash flows used in financing activities		(319,408	)		(145,962	)
Financial income and holding gains on cash and cash equivalents		709,904			378,405
Net (decrease) / increase in cash		(525,982	)		1,819,462

The accompanying notes 1 through 7 to the consolidated financial statements and Exhibit I are an integral part of these financial statements, which are part of the stand-alone financial statements of Banco Macro S.A. and should be read together with them.

- 60 - Jorge H. Brito
Chairperson

CONSOLIDATED STATEMENTS OF DEBTORS BY SITUATION

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013		12/31/2012
COMMERCIAL
In normal situation		16,143,500		13,636,481
With Senior “A” guarantees and counter-guarantees		1,200,731		599,868
With Senior “B” guarantees and counter-guarantees		2,572,405		2,017,671
Without Senior guarantees or counter-guarantees		12,370,364		11,018,942
Subject to special monitoring		55,264		142,630
In observation
With Senior “B” guarantees and counter-guarantees		39,337		25,625
Without Senior guarantees or counter-guarantees		13,244		117,005
Under negotiation or with refinancing agreements
With Senior “B” guarantees and counter-guarantees		2,177
Without Senior guarantees or counter-guarantees		506
Troubled		23,900		19,854
With Senior “A” guarantees and counter-guarantees		431
With Senior “B” guarantees and counter-guarantees		15,518		11,516
Without Senior guarantees or counter-guarantees		7,951		8,338
With high risk of insolvency		189,082		71,126
With Senior “B” guarantees and counter-guarantees		41,673		22,723
Without Senior guarantees or counter-guarantees		147,409		48,403
Irrecoverable		37,113		91,931
With Senior “B” guarantees and counter-guarantees		5,027		1,642
Without Senior guarantees or counter-guarantees		32,086		90,289
Subtotal Commercial		16,448,859		13,962,022

- 61 - Jorge H. Brito
Chairperson

CONSOLIDATED STATEMENTS OF DEBTORS BY SITUATION

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013		12/31/2012
CONSUMER
Performing		21,543,700		18,342,839
With Senior “A” guarantees and counter-guarantees		306,090		50,594
With Senior “B” guarantees and counter-guarantees		1,456,544		1,283,516
Without Senior guarantees or counter-guarantees		19,781,066		17,008,729
Low risk		335,913		281,551
With Senior “A” guarantees and counter-guarantees		1,722		157
With Senior “B” guarantees and counter-guarantees		16,295		12,760
Without Senior guarantees or counter-guarantees		317,896		268,634
Medium risk		198,064		185,635
With Senior “A” guarantees and counter-guarantees		393		9
With Senior “B” guarantees and counter-guarantees		5,316		5,401
Without Senior guarantees or counter-guarantees		192,355		180,225
High risk		147,282		122,980
With Senior “A” guarantees and counter-guarantees		245		69
With Senior “B” guarantees and counter-guarantees		4,906		4,888
Without Senior guarantees or counter-guarantees		142,131		118,023
Irrecoverable		89,789		94,066
With Senior “A” guarantees and counter-guarantees		31
With Senior “B” guarantees and counter-guarantees		7,679		8,086
Without Senior guarantees or counter-guarantees		82,079		85,980
Irrecoverable according to Central Bank's rules		146		136
Without Senior guarantees or counter-guarantees		146		136
Subtotal Consumer		22,314,894		19,027,207
Total		38,763,753		32,989,229

The accompanying notes 1 through 7 to the consolidated financial statements and Exhibit I are an integral part of these statements, which are part of the stand-alone financial statements of Banco Macro S.A. and should be read together with them.

- 62 - Jorge H. Brito
Chairperson

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish –

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

1. SIGNIFICANT ACCOUNTING POLICIES AND SUBSIDIARIES

1.1. Valuation and disclosure criteria:

According to the procedures provided by Central Bank rules - Communiqué “A” 2227, as supplemented - and FACPCE Technical Resolution No. 21, the Bank has consolidated line-by-line (i) its balance sheets as of September 30, 2013 and December 31, 2012 and (ii) the statements of income and cash flows for the nine-month periods ended September 30, 2013 and 2012, with the financial statements of the subsidiaries listed in Note 1.2. as of each respective date.

The financial statements of the Bank’s subsidiaries have been prepared based on methods similar to those applied by the Bank to prepare its own financial statements, with respect to assets and liabilities valuation and disclosure, income (loss) measurement and restatement procedures, as explained in Note 3. to the Bank’s stand-alone financial statements.

The receivables/payables and transactions between the companies were eliminated in the consolidation process.

1.2. List of subsidiaries:

The table below shows the treatment given to the equity interests that Banco Macro S.A. holds in subsidiaries (percentage of equity interest and votes held directly or indirectly as of September 30, 2013):

	Banco Macro S.A.’s direct equity interest									Banco Macro S.A.’s direct and indirect equity interest
	Shares			Percentage of						Percentage of
Company	Type	Number		Capital stock			Possible votes			Capital stock			Possible votes
Banco del Tucumán S.A.	Common		395,341		89.932	%		89.932	%		89.932	%		89.932	%
Banco Privado de Inversiones S.A. (a)	Common		85,925,820		99.154	%		99.154	%		99.994	%		100.00	%
Macro Bank Limited (b)	Common		9,816,899		99.999	%		99.999	%		99.999	%		100.00	%
Macro Securities S.A. Sociedad de Bolsa (c) and (d)	Common		12,776,680		99.154	%		99.154	%		99.921	%		99.932	%
Macro Fiducia S.A.	Common		6,475,143		98.605	%		98.605	%		98.605	%		98.605	%
Macro Fondos SGFCI S.A.	Common		327,183		19.100	%		19.100	%		99.936	%		100.00	%

(a) Banco Macro S.A.’s indirect equity interest derives from Macro Fiducia S.A. and Macro Securities S.A. Sociedad de Bolsa.

(b) Consolidated with Sud Asesores (ROU) S.A. (voting rights: 100%, equity interest: 579).

(c) Consolidated with Macro Fondos SGFCI S.A. (percentage of capital stock and votes 80.90%).

(d) The indirect equity interest of Banco Macro S.A. comes from Macro Fiducia S.A.

1.3. Methods of incorporating foreign subsidiaries:

The financial statements of Macro Bank Limited were adapted to Central Bank rules. Also, as they are originally stated in US dollars, they were translated into pesos following the procedures indicated below:

a) Assets and liabilities were converted at the reference exchange rate at the closing of transactions on the last business day of the nine-month period ended September 30, 2013, and the year ended December 31, 2012.

b) Figures related to the owners’ contributions (capital stock, additional paid-in capital and irrevocable capital contributions) were translated applying the effective exchange rates as of the date on which such contributions were paid in.

- 63 -

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish –

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

c) Retained earnings were estimated by the difference between assets, liabilities and owners’ contributions, translated into pesos, as indicated above.

d) The amounts of the accounts in the statements of income for the nine-month periods ended September 30, 2013, and 2012, were converted into pesos, as described in (a) above, In both cases, the difference between the sum of the amounts thus obtained and lump-sum income (loss) for each period (difference between retained earnings at beginning of fiscal year and retained earnings at period-end) was recorded in “Other income – Income from long-term investments” and “Financial income – Difference in quoted prices of gold and foreign currency” or “Financial expense – Difference in quoted prices of gold and foreign currency”, as the case may be, in the stand-alone and consolidated financial statements, respectively.

The main figures included in the consolidated financial statements arising from the figures of Macro Bank Limited (consolidated with Sud Asesores (ROU) S.A.) as of September 30, 2013, considering the translation process mentioned above are as follows:

	Macro Bank Limited
	In thousands of USD		In thousands of Ps.
Assets		258,113		1,494,862
Liabilities		216,131		1,251,724
Shareholders’ equity		41,982		243,138

1.4. The table below shows total assets, liabilities, shareholders’ equity and income (loss) of Banco Macro S.A. and each of its subsidiaries as of September 30, 2013:

	Banco Macro S.A.		Banco del Tucumán S.A.		Banco Privado de Inversiones S.A.		Macro Bank Limited (1)		Other subsidiaries (2)		Eliminations		Banco  Macro S.A. (consolidated)
Assets		50,865,616		5,164,101		113,802		1,494,862		133,564		1,039,625		56,732,320
Liabilities		43,191,570		4,530,256		5,388		1,251,724		70,586		8,750		49,058,274
Shareholders’ equity		7,674,046		633,845		108,414		243,138		62,978		1,048,375		7,674,046
Income		1,490,185		125,797		10,809		24,136		11,870		172,612		1,490,185

(1) Figures related to Macro Bank Limited consolidated with Sud Asesores (ROU) S.A.

(2) Figures related to the subsidiaries Macro Securities S.A. Sociedad de Bolsa, (consolidated with Macro Fondos Sociedad Gerente de Fondos Comunes de Inversión S.A.) and Macro Fiducia S.A.

- 64 -

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish –

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

1.5. Statement of cash flows and cash equivalents

The Bank and its subsidiaries consider “Cash and cash equivalents” to be the Cash account and Government and private securities which mature less than 90 days since their date of acquisition, Below is a breakdown of the reconciliation of the “Cash” item in the consolidated statement of cash flows with the related consolidated balance sheets accounts:

	09/30/2013		12/31/2012		09/30/2012
Cash		9,449,556		10,047,048		7,393,704
Government and private securities
Holdings booked at market value		503,860		388,462		347,347
Instruments issued by the Central Bank		46,955		90,843		250,857
Cash and cash equivalents		10,000,371		10,526,353		7,991,908

2. INCOME TAX AND MINIMUM PRESUMED INCOME TAX

In addition to what was mentioned in Note 4 to the Bank´s stand alone financial statements, the following shows the situation of the main subsidiaries.

As of September 30, 2013 and 2012, subsidiary Banco del Tucumán S.A. estimated income tax in the amount of 79,800 and 69,040, respectively; hence, no minimum presumed income tax should be assessed. In addition, as of September 30, 2013, the Bank made income tax prepayments for 41,919 for the 2013 tax year, which will be applied to the tax amount assessed in the 2013 tax return.

As of September 30, 2013, and 2012, subsidiary Banco Privado de Inversiones S.A. did not set an income tax accrual as it estimated NOLs as of that date and, therefore, booked accrued minimum presumed income tax amounted to 172 and 154, respectively. The accumulated NOL amounted to 19,458 as of December 31, 2012. Additionally, as of September 30, 2013 the subsidiary booked a minimum presumed income tax credit of 3,460, which was fully accrued, and prepayments for an amount of 76 related to tax year 2013, which were booked under “Other receivables”.

3. RESTRICTED ASSETS

In addition to the assets broken down in Note 7 to the stand-alone financial statements, certain assets are restricted as follows:

Item	09/30/2013		12/31/2012
3.1.     Banco del Tucumán S.A.:
Other receivables from financial intermediation
• Special guarantee checking accounts opened in the Central Bank for transactions related to the electronic clearing houses and similar entities		64,527		55,730
Subtotal other receivables from financial intermediation		64,527		55,730
Other receivables
• Deposits mainly provided in guarantee for the credit card transaction and related to court deposits.		7,741		7,268
Subtotal other receivables		7,741		7,268
Total		72,268		62,998

- 65 -

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish –

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

Item (cont.)	09/30/2013		12/31/2012
3.2.    Banco Privado de Inversiones S.A.:
Other receivables
• Sundry receivables includes an item related to the attachment ordered in the context of a claim initiated by Buenos Aires City tax authorities on turnover tax differences.		827		827
• Security deposits				15
Subtotal other receivables		827		842
Total		827		842
3.3.    Macro Securities S.A. Sociedad de Bolsa:
Investments in other companies
• Other		1,453		1,453
Total		1,453		1,453

4. CHANGES IN ALLOWANCES AND PROVISIONS

The following are the changes in the Bank’s allowances and provisions consolidated with its subsidiaries as of September 30, 2013:

	Balances at				Decreases				Balances at
	beginning								end of
Breakdown	of year		Increases		Charge off		Reversals		period
Allowances
For loans		887,156		492,112		370,334		22,958		985,976
For other receivables from financial intermediation		233,123		3,257		2,043		963		233,374
For receivables from financial leases		6,599		508				11		7,096
For interests in other companies		1,379		83				108		1,354
For other receivables		9,282		1,395		2,739		310		7,628
Total		1,137,539		497,355		375,116		24,350		1,235,428
Provisions
For contingent commitments		5		5,751				3		5,753
For other contingencies		114,566		31,077		17,467		556		127,620
For differences from court deposits dollarization		17,112		3,750		443				20,419
Total		131,683		40,578		17,910		559		153,792

- 66 -

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish –

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

5. DERIVATIVE FINANCIAL INSTRUMENTS

Below is a breakdown of the volumes, in absolute values, by type of derivative financial instrument involved in the transactions between the Bank and its subsidiaries, which are effective as of September 30, 2013, and December 31, 2012:

Type of contract / underlying asset	09/30/2013		12/31/2012
Futures / foreign currency		2,599,527		228,530
Repo transactions / Federal Government Securities		2,056,851		882,661
Forward contracts / foreign currency		337,196		2,053
Options / BODEN coupons				14,713
Swaps / Other		50,000		85,000
Options / Other		5,932		56,045

Additionally, positions of transactions effective as of September 30, 2013, and December 31, 2012, are as follows:

Transaction	09/30/2013			12/31/2012
Net position of repurchase agreements		(1,970,549	)		(507,199	)
Net asset position of forward transactions without delivery of the underlying asset		5,553			25,253
Interest rate swap		50,000			85,000
Position of put options sold on BODEN 2013 coupons					14,713
Position of put options taken		5,932			56,045

6. PORTFOLIO MANAGEMENT

In addition to what was mentioned in Note 12 to the Bank’s stand-alone financial statements, as of September 30, 2013, and December 31, 2012, Banco del Tucumán S.A., manages the following portfolios:

	Managed portfolio as of
Item	09/30/2013		12/31/2012
• On October 30, 2012, Banco del Tucumán S.A., Banco de Valores S.A. and Banco Macro S.A. entered into a management and custody agreement regarding the “Fideicomiso Financiero Tucumán Personal I” financial trust loan portfolio.		32,870		86,332
• On December 31, 2008, the Bank and Macro Fiducia S.A. entered into a management and custody agreement regarding the “BATUC 1” trust loan portfolio.		16,076		16,163
• Other managed portfolios.		15,594		12,717
Total		64,540		115,212

- 67 -

CONSOLIDATED BALANCE SHEETS

(Section 33, Law No. 19,550)

NOTES TO THE FINANCIAL STATEMENTS

AS OF SEPTEMBER 30, 2013

(Translation of financial statements originally issued in Spanish –

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

7. TRUST AGREEMENTS

In addition to what was mentioned in Note 15. to the Bank’s stand-alone financial statements, the subsidiaries have the following trust agreements as of September 30, 2013, and December 31, 2012:

7.1. Financial trusts for investment purposes

Financial trust	09/30/2013		12/31/2012
Certificates of participation:
TST & AF (a)				52,845
Other		24,476		24,989
Subtotal certificates of participation		24,476		77,834
Debt securities:
Agroaval XIX				3,917
Other				600
Subtotal debt securities				4,517
Total		24,476		825,351

(a) TST & AF trust

As of December 31, 2012, Macro Bank Limited was the beneficiary of 46.66% of the certificates of participation issued by TST & AF. On May 17, 2013, the Bank sold the abovementioned participation.

7.2. Trusts created using financial assets transferred by the Bank’s subsidiaries.

In addition to what has been mentioned in Note 15.2., to the stand-alone financial statements, which includes the trusts created with financial assets transferred by Banco Macro S.A., subsidiaries Banco del Tucumán S.A. and Banco Privado de Inversiones S.A. transferred financial assets (loans) to trusts for the purpose of issuing and selling securities, the collection of which is guaranteed by the cash flow resulting from such assets or group of assets. This way, the funds originally used to finance loans are recovered earlier, increasing the entities lending capacity.

As of September 30, 2013, and December 31, 2012, considering the latest available accounting information as of the date of the financial statements, the trusts’ assets managed by the trustors of these types of trusts amount to 33,114 and 86,576, respectively.

7.3. Trusts in which the Bank’s subsidiaries act as trustees (administration).

As mentioned in Note 15.3. to the stand-alone financial statements, and in addition to those included in that note, in these trusts the Bank, through Macro Fiducia S.A. (subsidiary) only carries out administrative duties regarding the corpus assets, in accordance with the agreements.

As of September 30, 2013, and December 31, 2012, considering the latest available accounting information as of the date of the financial statements, the trusts’ assets managed through Macro Fiducia S.A. (subsidiary) of these types of trusts amount to 693,567 and 727,596, respectively.

- 68 - Jorge H. Brito
Chairperson

EXHIBIT I

CONSOLIDATED DETAIL OF GOVERNMENT AND PRIVATE SECURITIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013				12/31/2012
Name	Market value or Present  Value		Book balance		Book balance
GOVERNMENT AND PRIVATE SECURITIES
GOVERNMENT SECURITIES
Government securities at market value
- Local
Federal government bonds in pesos at Badlar Private + 2.75% - Maturity: 2014				757,948		566,873
Federal government bonds in pesos at Badlar Private + 3.00 % - Maturity: 2015				411,663		124,044
Secured bonds in pesos under Presidential Decree No. 1579/02 at 2%				234,738		71,649
Federal government bonds in US dollars at 7% - Maturity: 2015				76,849		10,484
GDP - Related Securities in pesos - Maturity: 2035				41,427		3,734
Debt securities Series II Fixed rate for 360-day term secured in US dollars – Maturity 11-14-2013				35,241
Consolidation bonds in pesos - 6° Serie - Maturity: 2024 at 2%				31,813		38,789
Debt Securities at 12% in US dollars Córdoba Province - Maturity: 2017				20,028		18,000
Discount bonds denominated in pesos at 5.83% - Maturity: 2033				14,980		62,879
Federal government bonds in US dollars at 7% - Maturity: 2017				13,960		2,998
Other				47,001		69,110
Subtotal holdings booked at market value - Local				1,685,648		968,560
- Foreign
Treasury Bill - Maturity 10-03-13				434,362
Treasury Bill - Maturity 10-10-13				69,498
Treasury Bill - Maturity 01-10-13						314,705
Treasury Bill - Maturity 01-24-13						49,172
Treasury Bill - Maturity 03-14-13						24,585
Subtotal holdings booked at market value - Foreign				503,860		388,462
Subtotal holdings booked at market value				2,189,508		1,357,022
Government securities under repo transactions with Central Bank of Argentina
- Local
Federal government bonds in US dollars at 7% - Maturity: 2017				90,211
Subtotal government securities under repo transactions with Central Bank of Argentina				90,211
Government securities at amortized cost
- Local
Debt Securities of the Province of Neuquén Series 1 Class I in US dollars - Maturity: 06-12-2016		123,903		118,428
Province of Buenos Aires Treasury Bills in pesos – Maturity: 05-29-2014		102,782		102,782
Secured Province of Neuquén Treasury Bills Class 1 in US dollars – Maturity: 05-23-2014		80,048		75,320		146,341
Province of Chubut Treasury Bills Class 2 Serie VII in pesos – Maturity: 10-25-2013		24,415		24,415
Debt Securities of the Province of Entre Ríos Class I in US dollars - Maturity: 08-06-2016		24,448		23,119
Province of Chubut Treasury Bills Class 9 Serie l in pesos – Maturity: 11-26-2013		15,091		15,059
Province of Chaco Treasury Bills Class 1 in pesos – Maturity: 10-18-2013		14,909		14,902
Province of Tucumán bonds - First series in pesos - Maturity: 2018		4,582		4,289		2,775
Province of Tucumán bonds - Second series in dollars at 9.45% - Maturity: 2015		1,224		1,119		4,972
Consolidation titles in national currency 2 Serie		1		1
Province of Buenos Aires Treasury Bills in pesos – Maturity: 01-31-2013						51,819
Province of Buenos Aires Treasury Bills in pesos – Maturity: 06-06-2013						51,525
Debt Securities of the Province of Entre Ríos Series II in pesos Class A - Maturity: 03-26-2013						25,757
Debt securities Series II Fixed rate for 360-day term secured in US dollars – Maturity: 11-14-2013						25,010
Province of Chubut Treasury Bills Series III in pesos – Maturity: 05-24-2013						20,396
Province of Chaco Treasury Bills in US dollars - Maturity: 03-14-2013						19,526
Debt Securities of the Province of Entre Ríos Series II in pesos Class A - Maturity: 02-26-2013						5,053
Other				6
Subtotal government securities at amortized cost				379,440		353,174

- 69 - Jorge H. Brito
Chairperson

EXHIBIT I

(Continued)

CONSOLIDATED DETAIL OF GOVERNMENT AND PRIVATE SECURITIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER 31, 2012

(Translation of financial statements originally issued in Spanish -

See Note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013			12/31/2012
Name	Market value or Present Value	Book balance		Book balance
INSTRUMENTS ISSUED BY THE CENTRAL BANK OF ARGENTINA
Central Bank of Argentina Internal Bills - Under Repo Transactions
Central Bank of Argentina Internal Bills in pesos – Maturity: 10-30-2013			1,650,163
Central Bank of Argentina Internal Bills in pesos – Maturity: 11-20-2013			21,626
Central Bank of Argentina Internal Bills in pesos – Maturity: 03-12-2014			11,754
Central Bank of Argentina Internal Bills in pesos – Maturity: 05-14-2014			11,425
Central Bank of Argentina Internal Bills in pesos – Maturity: 04-10-2013					182,745
Central Bank of Argentina Internal Bills in pesos – Maturity: 09-25-2013					48,942
Central Bank of Argentina Internal Bills in pesos – Maturity: 01-30-2013					43,529
Central Bank of Argentina Internal Bills in pesos – Maturity: 03-06-2013					38,972
Subtotal Central Bank of Argentina Internal Bills - Under repo Transactions			1,694,968		314,188
Central Bank of Argentina Internal Bills at market value – Own Portfolio
Central Bank of Argentina Internal Bills in pesos – Maturity: 10-30-2013			24,987
Central Bank of Argentina Internal Bills in pesos – Maturity: 03-27-2013					8,720
Subtotal Central Bank of Argentina Internal Bills at market value – Own Portfolio			24,987		8,720
Central Bank of Argentina Internal Bills at amortized cost - Own Portfolio
Central Bank of Argentina Internal Bills in pesos – Maturity: 11-27-2013			17,606
Central Bank of Argentina Internal Bills in pesos – Maturity: 10-23-2013			4,362
Central Bank of Argentina Internal Bills in pesos – Maturity: 02-06-2013					49,384
Central Bank of Argentina Internal Bills in pesos – Maturity: 02-27-2013					20,847
Central Bank of Argentina Internal Bills in pesos – Maturity: 02-20-2013					15,746
Central Bank of Argentina Internal Bills in pesos – Maturity: 03-20-2013					4,866
Subtotal Central Bank of Argentina Internal Bills at amortized cost - Own Portfolio			21,968		90,843
Central Bank of Argentina notes at market value - Own portfolio
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2.5% - Maturity: 05-15-2013					26,320
Subtotal Central Bank of Argentina notes at market value - Own portfolio					26,320
Subtotal instruments issued by the Central Bank of Argentina			1,741,923		440,071

- 70 - Jorge H. Brito
Chairperson

EXHIBIT I

(Continued)

CONSOLIDATED DETAIL OF GOVERNMENT AND PRIVATE SECURITIES

AS OF SEPTEMBER 30, 2013 AND DECEMBER, 31 2012

(Translation of financial statements originally issued in Spanish -

See note 22 to the stand-alone financial statements)

(Figures stated in thousands of pesos)

	09/30/2013			12/31/2012
Name	Market value or Present Value	Book balance		Book balance
INSTRUMENTS ISSUED BY THE CENTRAL BANK OF ARGENTINA (Continued)			1,741,923		440,071
Central Bank of Argentina Notes - Under Repo Transactions
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2,5% - Maturity 05-15-2013					33,120
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2,5% - Maturity 01-23-2013					139,698
Subtotal Central Bank of Argentina Notes - Under repo Transactions					172,818
Central Bank of Argentina internal notes at amortized cost - Own portfolio
Central Bank of Argentina Internal Notes in pesos with variable coupon (Badlar rate) + 2,5% - Maturity 04-23-2014			35,827
Subtotal Central Bank of Argentina internal notes at amortized cost - Own portfolio			35,827
Total Instruments issued by the Central Bank of Argentina			1,777,750		612,889
Total Government securities			4,436,909		2,323,085
INVESTMENTS IN LISTED PRIVATE SECURITIES
Tenaris S.A.			3		1
Petroleo Brasileiro S.A. - Petrobras					11,194
Grupo Financiero Galícia S.A.					8,414
IRSA Inversiones y Representaciones S.A.					384
Total investment in listed private securities			3		19,993
Total government and private securities			4,436,912		2,343,078

- 71 - Jorge H. Brito
Chairperson

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 21, 2013

MACRO BANK INC.
By:	/s/ Luis Cerolini
Name: Luis Cerolini
Title: Director