Banco Hipotecario SA reports Third Quarter 2015 results

11 Nov, 2015, 09:22 ET from Banco Hipotecario S.A.

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

Highlights

Executive Summary

  • 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.

Contacts:
Tomas Godino
Brian Feldman
Capital Markets
Tel. (54-11) 4347- 5122/5782
Fax (54-11) 4347-5874
Buenos Aires, Argentina
tgodino@hipotecario.com.ar
bafeldman@hipotecario.com.ar

Gabriel Blasi
Chief Financial Officer
Tel. (54-11) 4347-5759
Buenos Aires, Argentina

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SOURCE Banco Hipotecario S.A.



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