Banco Hipotecario S.A. reports Third Quarter 2014 results

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

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. [phone]/5782 Fax [phone] Buenos Aires, Argentina [e-mail] [e-mail]	Gabriel Blasi Chief Financial Officer Tel. [phone] Buenos Aires, Argentina

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SOURCE Banco Hipotecario S.A.

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