View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
July 29, 2009updated 04 Apr 2017 3:56pm

Macquarie Q1 Operational Performance Picks Up

Decides to maintain a cautious stance with a conservative approach to funding and capital

By BBR Staff

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.

 

Macquarie’s 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 Group’s minimum regulatory capital requirements.

 

Speaking ahead of Macquarie’s 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.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International