2014

Banco Hipotecario Announces Second Quarter Results

BUENOS AIRES, Argentina, Aug. 10 /PRNewswire-FirstCall/ -- Banco Hipotecario S.A. (BCBA: BHIP) announces second quarter 2009 results.

    (Logo:  http://www.newscom.com/cgi-bin/prnh/20060810/ARTH004LOGO )

    Highlights

- Net income for second quarter 2009 was Ps. 52.9 million, Ps. 22.9 million higher than last quarter and Ps. 70.0 million higher than the same quarter of 2008.

- Financial margins of Ps. 161.6 million were 27.5% higher than the previous quarter and 344.8% higher than a year ago.

    - Deposits remained stable in the quarter and increased 76.4% YoY.

    - Sound equity ratio of 22.6%.

- BH ranks tenth in terms of assets, sixth in terms of household financing and third in terms of net worth in the local financial system.

    Contacts:
    Luis Carlei                     Gabriel Saidon
    Tomas Godino                    Chief Financial Officer
    Capital Markets                 Tel. (54-11) 4347-5759 / 5212
    Tel. (54-11) 4347-5122 / 5798   Fax (54-11) 4347-5874 / 5113
    Fax (54-11) 4347-5874           gsaidon@hipotecario.com.ar
    plcarlei@hipotecario.com.ar
    tgodino@hipotecario.com.ar

SOURCE Banco Hipotecario S.A.



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http://www.hipotecario.com.ar

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