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Banco Hipotecario Q3 net income Ps. 541.7 million

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Banco Hipotecario
Banco Hipotecario   Net operating income for the quarter was Ps. 3,376.3 million

Banco Hipotecario of Argentina reported third quarter 2018 consolidated results.


Net income for the quarter was Ps. 541.7 million, compared to Ps. 481.0 million of last quarter and Ps. 436.1 million of same quarter last year, which represents an increase of 12.6% and 24.2% respectively.

Net operating income for the quarter was Ps. 3,376.3 million, 3.1% higher than the Ps. 3,273.5 million of previous quarter and 30.7% higher than the Ps. 2,583.8 million of same quarter of last year.

Operating income for the quarter was Ps. 691.7 million, 1.7% lower than the Ps. 703.6 million of previous quarter and 42.0% higher than the Ps.

87.0 million of same quarter of last year. Loans to the non-financial private sector increased 4.8% QoQ and 33.3% YoY.

Deposits decreased 6.6% QoQ and increased 29.7% YoY, while corporate bonds increased 9.1% QoQ and 67.9% YoY.

On an individual basis, NPL increased from 2.3% in Q2 2018 to 2.8% in Q3 2018, while coverage ratio was 87.7% for the period. On a consolidated basis, NPL increased from 4.5% in Q2 2018 to 4.9% in Q3 2018, while coverage ratio was 77.8% for the period.

Total capital ratio as a percentage of RWA as of September 30, 2018 was 11.15%, compared to 12.75% of same quarter of last year.


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