Banco Hipotecario S.A. Reports First Quarter 2009 Results
(Logo: http://www.newscom.com/cgi-bin/prnh/20060810/ARTH004LOGO ) Highlights Executive Summary
-- Net income for the first quarter of 2009 was Ps. 30.0 million, 104.6% higher than last quarter and 13.0% higher than the same quarter of 2008.
-- Financial income was similar to the previous quarter and increased 45.4% with respect to the same quarter of last year, while financial expenditure decreased 20.3% in the quarter and was 28.2% higher than last year.
-- Financial margins of Ps. 126.8 million were 93.1% higher than the previous quarter and 95.2% higher than a year ago.
-- Deposits grew 30.3% QoQ and 103.5% YoY.
-- Sound equity ratio of 21.0%.
-- BH ranks ninth 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 email@example.com firstname.lastname@example.org email@example.com
SOURCE Banco Hipotecario S.A.