BUENOS AIRES, Argentina, Nov. 10, 2014 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports third quarter 2014 results.

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Highlights
Executive Summary

  • Net income for the third quarter was Ps. 145.3 million, compared to Ps. 156.0 million and Ps. 147.3 million of last quarter and same quarter of previous year, respectively.
  • Net financial margin for the quarter was Ps. 638.1 million, compared to Ps. 543.5 million of last quarter and Ps. 499.1 million of same quarter of last year.
  • Net income from services for the quarter of Ps. 483.1 million increased 11.9% QoQ and 63.6% YoY.
  • Loans to the private sector increased 1.8% in the quarter and 31.9% YoY.
  • Deposits increased 10.6% in the quarter and had a 50.2% YoY growth.
  • NPL slightly increased from 2.4% to 2.6% in the quarter. Coverage ratio was 90.0%.
  • Equity ratio of 14.2% compared to 16.3% of June 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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SOURCE Banco Hipotecario S.A.

Copyright 2014 PR Newswire

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