BUENOS AIRES, Argentina, Nov. 10, 2016 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports Third Quarter 2016 results.
- Net income for the third quarter was Ps. 103.6 million, compared to Ps. 145.0 million and Ps. 217.5 million of last quarter and same quarter of previous year, respectively.
- Net financial margin for the quarter was Ps. 576.5 million, compared to Ps. 706.7 million of last quarter and Ps. 684.0 million of same quarter of last year.
- Net income from services for the quarter of Ps. 1,010.2 million increased 11.9% QoQ and 30.6% YoY.
- Loans to the private sector increased 5.4% in the quarter and 15.2% YoY.
- Deposits increased 8.7% in the quarter and decreased 1.5% YoY while our financial indebtedness increased 8.3% QoQ and 91.5% YoY.
- NPL increased from 2.1% to 2.3% in the quarter. Coverage ratio was 95.4%.
- Equity ratio of 12.9% compared to 13.6% of previous year.
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SOURCE Banco Hipotecario S.A.