# Banco Macro Authorizes Buybacks of Up to 160 Billion Pesos

The Argentine bank set a 45-day program covering as many as 20 million Class B shares.

By Will Langan | 24X7 News
Published: 2026-10-29T00:03:41.025Z
Updated: 2026-10-29T00:03:41.025Z
Section: Money
Format: News
Canonical: https://24x7news.us/articles/banco-macro-share-buyback-program-october-28-2026

Banco Macro announced October 28 that its board authorized up to 160 billion Argentine pesos for repurchasing its shares.

The program permits purchases of as many as 20 million Class B common shares, with a maximum price of 10,700 pesos per share. These are Argentine-peso amounts, rather than U.S. dollars.

The bank said the acquisition period will run for 45 calendar days, beginning the day after the relevant notice is published in the Buenos Aires Stock Exchange Bulletin. Any renewal or extension must be publicly disclosed.

Daily purchases may not exceed 25% of average daily trading volume during the preceding 90 business days. Banco Macro said it would use consolidated volume across the domestic and international markets where it operates.

The board attributed the decision to market fluctuations and its assessment of the bank's liquidity and financial position. Its view that the share price understates the business's value is management's judgment.

The authorization establishes maximum terms for future purchases. It does not report that the bank has already bought the full authorized amount.

Sources
Banco Macro Form 6-K and company announcement, October 28, 2026.

## Sources
- Banco Macro Form 6-K: Repurchase Terms: https://www.stocktitan.net/sec-filings/BMA/6-k-macro-bank-inc-current-report-foreign-issuer-aa66387bd8f0.html