The Bank of New York, a global leader in securities servicing, has been selected by Banco Macro Bansud S.A. as depositary bank for its American depositary receipt (ADR) program.
Each Banco Macro Bansud ADR represents 10 Class B shares. The ADRs trade on the New York Stock Exchange under the symbol “BMA.” The Class B shares trade on the Buenos Aires Stock Exchange under the symbol “BSUD.”
Banco Marco Bansud provides standard banking products and services to a nationwide customer base, focusing on low and middle-income individuals and small- and medium sized businesses located mostly outside of the Buenos Aires metropolitan area.