Business: Banco Macro S.A. (the Bank) is an Argentina-based bank. The Bank offers traditional bank products and services to companies, including those operating in regional economies, as well as to medium- and low-income individuals. The Bank has two categories of customers: retail customers, which include individuals and very small companies, and corporate customers, which include small, medium and large companies and major corporations. In addition, it provides services to four provincial governments. It offers a range of products, which are generally available to both its retail and corporate customers. In addition, the Bank performs certain transactions through its subsidiaries, including mainly Banco del Tucuman S.A., Nuevo Banco Bisel S.A., Macro Bank Limited (an entity organized under the laws of Bahamas), Macro Securities S.A. Sociedad de Bolsa, Sud Inversiones & Analisis S.A. and Macro Fondos S.G.F.C.I.S.A.