Argentina's Banco Macro Posts ARS468 Million 2Q Profit

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articlenopicBUENOS AIRES (Dow Jones)--Argentina's Banco Macro SA (BMA, BMA.BA) posted a profit of 468 million Argentine pesos ($118 million) during the second quarter, up sharply from the ARS163.2 million profit it reported a year earlier, the company said in an exchange filing Wednesday.

Argentine banks have benefited this year from a broad economic recovery and a rally in bond prices.

-By Shane Romig, Dow Jones Newswires; 54-11-4103-6738; This e-mail address is being protected from spambots. You need JavaScript enabled to view it

Source: http://online.wsj.com/article/BT-CO-20100804-720005.html

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