Macquarie Group has reported improved operational performances from all its major businesses, except Macquarie Capital, for the June 2009 quarter as compared to the March 2009 quarter.
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Macquaries balance sheet and funding position remain strong as at 30 June 2009. Cash and liquid assets continue to exceed short-term wholesale issued paper and the funded balance sheet remains well-matched, said the company.
In line with its long-term policy of holding a level of capital to effectively support its businesses, the bank has raised an additional $A1.2 billion of new ordinary share capital through an institutional placement and a share purchase plan. Consequently, at 30 June 2009, the bank’s capital position was further strengthened with $A4.3 billion of capital in excess of the Groups minimum regulatory capital requirements.
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By GlobalDataSpeaking ahead of Macquaries 2009 Annual General Meeting, Nicholas Moore, MD and CEO, said: Macquarie Securities, Treasury and Commodities and the Banking and Financial Services businesses all made good contributions to the Group in the three months to 30 June 2009.
