Banco Hipotecario S.A. Reports Fourth Quarter 2012 Results
BUENOS AIRES, Argentina, Feb. 15, 2013
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 )
oTotal 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.
oNet 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.
oAggregated 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
oLoans to the private sector increased 13.2% in the quarter and 28.6% YoY.
oDeposits increased 10.1% in the quarter and a 46.7% YoY growth.
oNPL ratio decreased from 1.6% to 1.5% in the year.
oEquity ratio of 22.8%, lower than the 26.9% of December 2011.
oDuring 2012, the Bank has issued debt in the local capital markets for Ps.
oBH ranks seventh in terms of net worth and tenth in terms of assets within
private banks in local financial system.
Capital Markets Gabriel Blasi
Tel. (54-11) 4347- 5122/5782 Chief Financial Officer
Fax (54-11) 4347-5874 Tel. (54-11) 4347-5759
Buenos Aires, Argentina Buenos Aires, Argentina
SOURCE Banco Hipotecario S.A.
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