BUENOS AIRES, Argentina, Nov. 11, 2015 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports Third Quarter 2015 results:
- Net income for the third quarter was Ps. 217.5 million, compared to Ps. 169.5 million and Ps. 145.3 million of last quarter and same quarter of previous year, respectively.
- Net financial margin for the quarter was Ps. 684.0 million, compared to Ps. 530.7 million of last quarter and Ps. 638.1 million of same quarter of last year.
- Net income from services for the quarter of Ps. 773.6 million increased 2.7% QoQ and 60.1% YoY.
- Loans to the private sector increased 4.9% in the quarter and 30.3% YoY.
- Deposits increased 6.5% in the quarter and 27.6% YoY.
- NPL decreased to 2.1% in the quarter. Coverage ratio was 103.1%.
- Equity ratio of 13.6% compared to 14.1% of same quarter of previous year.
Chief Financial Officer
Tel. (54-11) 4347-5759
Buenos Aires, Argentina
SOURCE Banco Hipotecario S.A.