BHPTY Banco Hipotecario Sa (PK)

BUENOS AIRES, Argentina, Feb. 12, 2015 /PRNewswire/ -- Banco Hipotecario S.A. (BCBA: BHIP) reports fourth quarter 2014 results

Highlights 
Executive Summary

• Total net income for the year was Ps. 550.0 million, 30.7% higher than Ps. 421.0 million of 2013. Net income for the fourth quarter was Ps. 46.3 million, compared to Ps. 145.3 million and Ps. 121.3 million of last quarter and same quarter of previous year, respectively.
• Net financial margin for the year was Ps. 2,321.5 million and Ps. 1,629.6 million for 2013. Net financial margin for the quarter was Ps. 452.1 million, compared to Ps. 638.1 million of last quarter and Ps. 532.7 million of same quarter of last year.
• Aggregated net income from services of Ps. 1,909.8 million was 56.6% higher than 2013. Net income from services for the quarter was Ps. 622.3 million 28.8% higher than previous quarter, and 85.5% higher than fourth quarter 2013.
• Loans to the private sector increased 12.2% in the quarter and 33.0% YoY.
• Deposits increased 19.2% in the quarter and a 68.4% YoY growth.
• NPL slightly increased to 2.3% from 2.2% of 2013. Coverage ratio was 95.9%.
• Equity ratio of 14.0%, compared to 18.9% of 2013.

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SOURCE Banco Hipotecario S.A.