Banco Hipotecario S.A. Reports Second Quarter 2014 Results

PR Newswire

BUENOS AIRES, Aug. 8, 2014 /PRNewswire/ -- Banco Hipotecario S.A. (BHIP.BA) reports second quarter 2014 results.

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Highlights
Executive Summary

  • Net income for the second quarter was Ps. 156.0 million, compared to Ps. 202.4 million and Ps. 70.9 million of last quarter and same quarter of previous year, respectively. 
           
  • Net financial margin for the quarter was Ps. 543.5 million, compared to Ps. 687.8 million of last quarter and Ps. 295.4 million of same quarter of last year.    
       
  • Net income from services for the quarter was Ps. 431.6 million, increased 15.7% in the quarter and 44.2% YoY.
       
  • Loans to the private sector increased 8.9% in the quarter and 62.1% YoY.
       
  • Deposits increased 5.5% in the quarter and had a 54.9% YoY growth.
       
  • NPL increased slightly from 2.1% to 2.4% in the quarter. Coverage ratio was 92.3%.
       
  • Equity ratio of 16.3%, stood stable compared to March 2014.

 

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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