A related party is a person or entity that is related to the Bank:

•

has control or joint control of the Bank;

•

has significant influence over the Bank;

•

is a member of the key management personnel of the Bank or of the parent of the Bank;

•

members of the same group;

•

one entity is an associate (or an associate of a member of a group of which the other entity is a member).

Key management personnel are those persons having authority and responsibility for planning, directing and controlling the activities of the Bank, directly or indirectly. The Bank considers as key management personnel, for the purposes of IAS 24, the members of the Board of Directors and the senior management members of the Risk Management Committee, the Assets and Liabilities Committee and the Senior Credit Committee.

As of December 31, 2021 and 2020, amounts balances and profit or loss related to transactions generated with related parties, are as follows:


	As of December 31, 2021
	Main subsidiaries (1)												Associates			Key management personnel (2)			Other related parties			Total
	Macro Bank Limited		Macro Securities SA			Macro Fondos SGFCISA		Argenpay SAU		Fintech SGR			Associates			Key management personnel (2)			Other related parties			Total
Assets
Cash and deposit in banks		823																					823
Other financial assets																	148,936			144,633			293,569
Loans and other financing (3)
Documents																				28,541			28,541
Overdraft																	80,403			252,937			333,340
Credit cards																	71,832			53,974			125,806
Lease																				28,726			28,726
Personal loans																	1,425						1,425
Mortgage loans																	256,599						256,599
Other loans				1,384,921													76,342			1,582,029			3,043,292
Other receivables f rom financial intermediation											758,325									6,900			765,225
Guarantee granted																				1,023,357			1,023,357
Other financial assets																	24						24

Total assets		823		1,384,921							758,325						635,561			3,121,097			5,900,727

Liabilities
Deposits		4		1,590,380			163,720		68,597		31			52,839			3,694,741			1,714,309			7,284,621
Liabilities at fair value through profit or loss																				1,627,311			1,627,311
Other financial liabilities																	48,778			249,244			298,022
Subordinated corporate bonds											42,016												42,016
Other non-financial liabilities																				15,382			15,382

Total liabilities		4		1,590,380			163,720		68,597		42,047			52,839			3,743,519			3,606,246			9,267,352

Income / (loss)
Interest income				3,573													162,955			1,436,905			1,603,433
Interest expense				(4,212	)									(17,334	)		(38,381	)		(56,014	)		(115,941	)
Commissions income				21,993			119				29			223			19			100,811			123,194
Commissions expense											(359	)					(23	)		(176	)		(558	)
Profit from measurement of financial instruments at fair value through profit or loss											23,456												23,456
Other operating income		4		3,436							6,699									32			10,171
Administrative expense																				(240,291	)		(240,291	)
Other operating expense																				(74,419	)		(74,419	)

Income / (loss)		4		24,790			119				29,825			(17,111	)		124,570			1,166,848			1,329,045

(1)	These transactions are eliminated during the consolidation process.

(2)	Includes close family members of the key management personnel.

(3)	The maximum financing amount for loans and other financing as of December 31, 2021 for Macro Securities SA, Fintech SGR, Key management personnel and other related parties amounted to 1,396,568, 758,325, 716,466 and 6,115,273, respectively.


	As of December 31, 2020
	Main subsidiaries (1)									Associates			Key management personnel (2)			Other related parties			Total
	Macro Bank Limited		Macro Securities SA			Macro Fondos SGFCISA		Argenpay SAU		Associates			Key management personnel (2)			Other related parties			Total
Assets
Cash and deposit in banks		1,017																		1,017
Repo transaction				1,158,305																1,158,305
Other financial assets														71			152			223
Loans and other financing (3)
Documents																	2,306			2,306
Overdraft														49,439			613,454			662,893
Credit cards														68,404			16,608			85,012
Lease				1,561													7,884			9,445
Personal loans														17,586						17,586
Mortgage loans														127,052						127,052
Other loans				1,074,368													574,316			1,648,684
Guarantee granted																	1,255,383			1,255,383

Total assets		1,017		2,234,234										262,552			2,470,103			4,967,906

Liabilities
Deposits		11		1,013,452			197,151		86,001		65,417			4,335,052			2,303,192			8,000,276
Other financial liabilities				23,570										17,813,438			18,673			17,855,681
Other non-financial liabilities																	17,242			17,242

Total liabilities		11		1,037,022			197,151		86,001		65,417			22,148,490			2,339,107			25,873,199

Income / (loss)
Interest income				70,971										99,640			950,684			1,121,295
Interest expense				(946	)						(13,379	)		(1,348,611	)		(1,113,217	)		(2,476,153	)
Commissions income				16,207			463				134			234			92,959			109,997
Commissions expense														(204	)		(355	)		(559	)
Profit from measurement of financial instruments at fair value through profit or loss																	26,960			26,960
Other operating income		6							2								35			43
Allowance for loan losses				(10,394	)															(10,394	)
Administrative expense																	(252,403	)		(252,403	)
Other operating expense																	(115,864	)		(115,864	)

Income / (loss)		6		75,838			463		2		(13,245	)		(1,248,941	)		(411,201	)		(1,597,078	)

(1)	These transactions are eliminated during the consolidation process.

(2)	Includes close family members of the key management personnel.

(3)	The maximum financing amount for loans and other financing as of December 31, 2020 for Macro Securities SA, Key management personnel and other related parties amounted to 1,079,213, 1,505,410 and 7,054,028, respectively.


	As of December 31, 2019
	Main subsidiaries (1)									Associates	Key management personnel (2)			Other related parties			Total
	Macro Bank Limited		Macro Securities SA		Macro Fondos SGFCISA		Argenpay SAU			Associates	Key management personnel (2)			Other related parties			Total
Income / (loss)
Interest income				8,187								72,451			188,480			269,118
Interest expense								(3,043	)			(653,204	)		(169,468	)		(825,715	)
Commissions income				459		157		154				44			4,488			5,302
Net loss from measurement of financial instruments at fair value through profit or loss												(34,425	)		(176,931	)		(211,356	)
Other operating income		3													26			29
Administrative expense															(34,360	)		(34,360	)
Other operating expense															(86,955	)		(86,955	)

Income / (loss)		3		8,646		157		(2,889	)			(615,134	)		(274,720	)		(883,937	)

(1)	These transactions are eliminated during the consolidation process.

(2)	Includes close family members of the key management personnel.

Transactions generated by the Bank with its related parties for transactions arranged within the course of the usual and ordinary course of business were performed in normal market conditions, both as to interest rates and prices and as to the required guarantees.

The Bank does not have loans granted to directors and other key management personnel secured with shares.

Total remunerations received as salary and bonus by the key management personnel as of December 31, 2021, 2020 and 2019, totaled 580,907, 488,739 and 491,434, respectively.

In addition, fees received by the Directors as of December 31, 2021, 2020 and 2019 amounted to 1,143,538, 2,572,243 and 4,259,819, respectively.

Additionally, the composition of the Board of Directors and key management personnel of the Bank and its subsidiaries is as follows:


Composition	12/31/2021		12/31/2020
Board of Directors		22		22
Senior managers of the key management personnel		12		11

Total		34		33