BHPTY Banco Hipotecario Sa (PK)

BUENOS AIRES, Argentina, Nov. 9, 2011 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) announces its third quarter 2011 results.

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Highlights

Executive Summary

• Total net income for the quarter was Ps. 14.2 million, compared to Ps. 59.9 million of last quarter and 74.3 million of same quarter of previous year.

• Net financial margin was Ps. 73.4 million, compared to Ps. 139.4 million of last quarter and Ps. 173.1 million of same quarter of last year.

• Interest on private sector loans increased 10.6% and 32.5% QoQ and YoY, respectively, while capital markets expenses plus interest on deposits remained stable over the past quarters.

• Aggregated net income from services was Ps. 94.3 million, 6.3% and 24.9% higher than previous quarter and same quarter of last year, respectively.

• Loans to the private sector increased 5.0% in the quarter and 25.8% YoY growth, non-mortgage loans increased 9.4% QoQ and 49.1% YoY.

• Deposits increased 5.6%in the quarter and 12.2% YoY increase.

• NPL ratio decreased from 3.2% to 1.8% in the year, while coverage ratio was 139.9% compared to 116.7% of 3Q10.

• Equity ratio of 26.7%, higher than the 24.6% of September 2010.

• BH ranks fifth in terms of net worth and thirteenth in terms of assets in the local financial system.

CONTACT:

Tomas Godino

Brian Feldman

Capital Markets

Tel. (54-11) 4347- 5122/5782

Fax (54-11) 4347-5874

Buenos Aires, Argentina

tgodino@hipotecario.com.ar

bafeldman@hipotecario.com.ar

SOURCE Banco Hipotecario S.A.