Banco Hipotecario S.A. reports Second Quarter 2017 consolidated results

BUENOS AIRES, Argentina, Aug. 10, 2017 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports Second Quarter 2017 consolidated results.

Highlights
Executive Summary

• Net income for the second quarter was Ps. 372.2 million, 47.3% and 156.8% higher than last quarter and same quarter of previous year, respectively.
• Net financial margin for the quarter was Ps. 1,072.4 million, compared to Ps. 818.4 million of last quarter and Ps. 706.7 million of same quarter of the previous year.
• Net income from services for the quarter was Ps. 1,109.4 million. This represents a decrease of 5.1% QoQ and an increase of 22.9% YoY.
• Loans to the private sector increased 12.6% in the quarter and 43.2% YoY.
• Deposits increased 1.5% in the quarter and increased 11.7% YoY, while financial debt increased 16.5% QoQ and 106.3% YoY.
• NPL remained stable at 2.9% in the quarter, while coverage ratio was 83.2%.
• The equity ratio was 12.1%, compared to 14.3% of previous year.

Logo - http://photos.prnewswire.com/prnh/20060810/ARTH004LOGO  

View original content:http://www.prnewswire.com/news-releases/banco-hipotecario-sa-reports-second-quarter-2017-consolidated-results-300502903.html

SOURCE Banco Hipotecario S.A.