Banco Hipotecario S.A. reports Fourth Quarter 2015 results

11 Feb, 2016, 14:23 ET from Banco Hipotecario S.A.

BUENOS AIRES, Argentina, Feb. 11, 2016 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports Fourth Quarter 2015 results.

Highlights
Executive Summary

  • Total net income for the year was Ps. 1,085.8 million, 97.4% higher than Ps. 550.0 million of 2014. Net income for the fourth quarter was Ps. 522.7 million, compared to Ps. 217.5 million and Ps. 46.3 million of last quarter and same quarter of previous year, respectively.
        
  • Net financial margin for the year was Ps. 3,034.5 million and Ps. 2,321.5 million for 2014. Net financial margin for the quarter was Ps. 1,211.6 million, compared to Ps. 684.0 million of last quarter and Ps. 452.1 million of same quarter of last year.
       
  • Aggregated net income from services of Ps. 3,025.6 million 58.4% higher than 2014. Net income from services for the quarter was Ps. 842.2 million 8.9% higher than previous quarter, and 35.3% higher than fourth quarter 2014.
        
  • Loans to the private sector increased 3.2% in the quarter and 19.9% YoY.
       
  • Deposits increased 3.9% in the quarter and 11.2% YoY growth.
        
  • NPL decreased to 2.0% from 2.3% of 2014. Coverage ratio was 105.8%.
       
  • Equity ratio of 13.8%, compared to 14.0% of 2014.
       
  • The Bank has issued a US$ 200 million 9.75% bond due 2020 in the international capital markets. Also, the Bank has acquired and cancelled US$ 122.7 million of the outstanding Series 5 international bond. 

 

Contacts:


Tomás Godino

Gabriel Blasi

Brian Feldman

Chief Financial Officer

Capital Markets

Tel. (54-11) 4347-5759

Tel. (54-11) 4347- 5122/5782

Buenos Aires, Argentina

Fax (54-11) 4347-5874


Buenos Aires, Argentina


tgodino@hipotecario.com.ar


bafeldman@hipotecario.com.ar


Logo - http://photos.prnewswire.com/prnh/20060810/ARTH004LOGO

SOURCE Banco Hipotecario S.A.



RELATED LINKS

http://www.hipotecario.com.ar