22.11.201719:46:00UTC+00BANCO MACRO: President On Leave Amid Money Laundering Investigation

Banco Macro's board of directors accepted the leave request presented by its president, Jorge Horacio Brito, amid a money laundering investigation. As a consequence, the bank's vice-president, Delf?n Jorge Ezequiel Carballo, will chair the board of directors until the next ordinary general assembly.

Last week, Macro's shares fell 13.43% after rumors linking Brito to the money laundering case involving the former vice-president of the country, Amado Boudou.

The bank clarified that it carried out in March 2012 a Suspicious Operating Report and then two supplements, all related to operations of a company from January to March 2012 for 7,300,000 pesos. Macro's measures have not been subject to scrutiny by the regulatory bodies or by any judicial authority, the bank added.