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Argentina
Company data displayed is for sample purposes only and may not reflect the most current information available on Emerging Markets Information Service (EMIS).

Banco Hipotecario S.A.

Main Activities: Banking and Credit Intermediation

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Company Information

Full name
Banco Hipotecario S.A.

Headquarters
Reconquista 151; Buenos Aires (City); Federal Capital
Status: Listed
Legal Form: Limited Liability Partnership
Operational Status: Operational
Fiscal ID (CUIT): 30500011072
Fiscal ID (ISIN CODE ): ARBHIP010161
Financial Auditors: PricewaterhouseCoopers (2011)
Incorporation Date: October 23, 1997
Total Employees: 1,430

Tel: +54 11 4347 5546

Company Description

Banco Hipotecario, founded in 1886 by the Argentine government, has historically been the main provider and administrator of mortgage loans and the main provider and administrador of insurance related to mortgage loans in Argentina. In January 1999 the bank was privatized. The government sold part of the capital stock of the bank in an international initial public offering. Banco Hipotecario focuses its activities in the sectors of middle and low income. Its products are marketed through its own
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Company Analysis

According to the Individual - Non-Audited financial statement for the first nine cumulated months of 2012, total net operating revenues increased with 42.15%, from ARS 934,542 thousands to ARS 1,328,428 thousands. Operating result increased from ARS 23,903 thousands to ARS 173,884 thousands which means 627.46% change. The results of the period increased 91.02% reaching ARS 231,927 thousands at the end of the period against ARS 121,415 thousands last year. Return on equity (Net income/Total equity) went from 3.94% to 6.93%, the Return On Asset (Net income / Total Asset) went from 1.05% to 1.57% and the Net Profit Margin (Net Income/Net Sales) went from 12.99% to 17.46% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 341.57% compared to 274.85% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.62 to 1.55 when compared to the previous year.

Key Executives

Alejandro Gustavo Elsztain Substitute Director
Alfredo Jorge Mac Laughlin Substitute Director
Andres Fabian Ocampo Substitute Director
Daniel Ricardo Elsztain Substitute Director
Gabriel Pablo Blasi Substitute Director
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Balance Sheet

Total Assets

16,003,674

15,674,931

Current Assets

13,283,861

12,417,717

Total Liabilities

12,479,655

12,265,056

Current Liabilities

11,550,859

11,357,843

* All the accounts are in ARS.
Income Statement

Operational Profit (Loss)

381,606

300,765

Net Profit (Loss)

343,607

231,927

* All the accounts are in ARS.
Ratios
Profitability Ratios

Return on Assets (ROA)

2.15%

1.48%

Annualised Return on Assets (ROA)

2.15%

1.97%

Return on Sales (ROS)

571.46%

516.02%

Operating Profit Margin

17.5%

19.38%

Efficiency Ratios

Asset Turnover

0.14x

0.10x

Valuation figures and ratios

Earning Before Interests and Taxes (EBIT)

381,606

300,765

Bookvalue (BV)

3,427,417

3,334,211

Leverage Ratios

Debt to total assets

77.98%

78.25%

Trend Ratios

Revenue Trend

126,933.93%

147.09%

Net Income Trend

136.61%

191.02%

Operating Income Trend

128.44%

203.36%