Banco Hipotecario S.A. Reports Fourth Quarter 2012 Results

          Banco Hipotecario S.A. Reports Fourth Quarter 2012 Results

PR Newswire

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 )

Highlights

Executive Summary

  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
    2011.
  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.
    453.0 million.
  oBH ranks seventh in terms of net worth and tenth in terms of assets within
    private banks in local financial system.

Contacts:
Tomas Godino
Brian Feldman
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
tgodino@hipotecario.com.ar
bafeldman@hipotecario.com.ar

SOURCE Banco Hipotecario S.A.

Website: http://www.hipotecario.com.ar
 
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