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: )


- 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.

    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 

SOURCE Banco Hipotecario S.A.


More by this Source

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.


PR Newswire Membership

Fill out a PR Newswire membership form or contact us at (888) 776-0942.

Learn about PR Newswire services

Request more information about PR Newswire products and services or call us at (888) 776-0942.