BHPTY Banco Hipotecario Sa (PK)

BUENOS AIRES, Argentina, May 7, 2015 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports First Quarter 2015 results.

Highlights
Executive Summary

• Net income for the first quarter was Ps. 176.1 million, compared to Ps. 46.3 million and Ps. 202.4 million of last quarter and same quarter of previous year, respectively.
• Net financial margin for the quarter was Ps. 608.2 million, compared to Ps. 452.1 million of last quarter and Ps. 687.8 million of same quarter of last year.
• Net income from services for the quarter of Ps. 656.8 million increased 5.5% QoQ and 76.1% YoY.
• Loans to the private sector increased 0.1% in the quarter and 24.5% YoY.
• Deposits decreased 7.7% in the quarter and increased 28.3% YoY.
• NPL remained stable at 2.3% in the quarter. Coverage ratio was 97.4%.
• Equity ratio of 14.7% compared to 16.3% of previous year.

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SOURCE Banco Hipotecario S.A.