Banco Hipotecario S.A. Reports Fourth Quarter 2012 Results
16 February 2013 - 9:12AM
PR Newswire (US)
BUENOS AIRES, Argentina,
Feb. 15, 2013 /PRNewswire/ -- Banco
Hipotecario S.A. (BCBA: BHIP) announces its fourth quarter 2012
results.
(Logo: http://photos.prnewswire.com/prnh/20060810/ARTH004LOGO
)
Highlights
Executive Summary
- Total net income for the year was Ps. 343.6 million, 36.6%
higher than Ps. 251.5 million of 2011. Net income for the fourth
quarter was Ps. 111.7 million, compared to Ps. 75.1 million and Ps.
130.1 million of last quarter and same quarter of previous year,
respectively.
- Net financial margin for the year was Ps. 835.6 million and Ps.
598.2 million for 2011. Net financial margin for the quarter was
Ps. 228.5 million, compared to Ps. 183.7 million of last quarter
and Ps. 245.1 million of same quarter of last year.
- Aggregated net income from services of Ps. 450.7 million was
27.4% higher than 2011. Net income from services for the quarter
was Ps. 125.7 million, 6.3% higher than previous quarter, and 29.5%
higher than fourth quarter 2011.
- Loans to the private sector increased 13.2% in the quarter and
28.6% YoY.
- Deposits increased 10.1% in the quarter and a 46.7% YoY
growth.
- NPL ratio decreased from 1.6% to 1.5% in the year.
- Equity ratio of 22.8%, lower than the 26.9% of December 2011.
- During 2012, the Bank has issued debt in the local capital
markets for Ps. 453.0 million.
- BH ranks seventh in terms of net worth and tenth in terms of
assets within private banks in local financial system.
Contacts:
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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
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Gabriel Blasi
Chief Financial Officer
Tel. (54-11) 4347-5759
Buenos Aires,
Argentina
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SOURCE Banco Hipotecario S.A.
Copyright 2013 PR Newswire
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