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.
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.
Speaking 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.