Banco Hipotecario S.A. Reports First Quarter 2010 Results

BUENOS AIRES, Argentina, May 10 /PRNewswire-FirstCall/ -- Banco Hipotecario S.A. (BCBA: BHIP) announces its first quarter 2010 results.

(Logo: )


Executive Summary

  • Total net income for the quarter was Ps. 40.1 million, compared to the Ps. 79.3 million of last quarter and Ps. 30.0 million of the same quarter of last year.
  • Net financial margins of Ps. 125.3 million were 36.6% and 1.2% lower than the previous quarter and a year ago, respectively.
  • Net income from services for the quarter was Ps. 61.1 million, 6.0% higher than the previous quarter and 9.9% higher than first quarter 2009.
  • Loans to the private sector increased 3.0% in the quarter and 10.7% YoY.
  • Deposits increased 8.8% in the quarter and 18.9% YoY.
  • NPL ratio decreased from 6.6% to 3.8% in the year while coverage ratio increased from 83.8% to 114.0% in the same period.
  • Equity ratio of 24.3%, higher than the 21.0% of March 2009.
  • BH ranks fifth in terms of net worth, seventh in terms of household financing, and eleventh in terms of assets 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.


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.