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Banco Piano S.A.
Main Activities: Banking and Credit Intermediation
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Company Information |
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Full name Banco Piano S.A. Headquarters San Martin 345/347; Buenos Aires (City); Federal Capital |
Status: Non-Listed Legal Form: Limited Liability Partnership Operational Status: Operational Fiscal ID (CUIT): 30569151763 Financial Auditors: Gonzalez Fischer Asociados (2012) Total Employees: 137 Tel: +54 11 4321 9200 |
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Company Description |
| Piano Bank was authorized to operate by the Central Bank of Argentina in January 1992 as a commercial bank after the merger of the following companies in the Group Piano: Piano House SA (founded in 1944, pioneered the industry and a leader in the marketing of foreign exchange); House Piano Co.. Financiera SA (emerged in 1990 with the purchase of 100% stake in Cia. Financial Southern Cross and allowed the inclusion in different financial segments) and Piano Investment Manager SA (Which brokerage Piano | ||
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Company Analysis |
| According to the Individual - Non-Audited financial statement for the first three cumulated months of 2013, total net operating revenues decreased with -3.30%, from ARS 77,764 thousands to ARS 75,201 thousands. Operating result decreased from ARS 30,621 thousands to ARS 15,658 thousands which means -48.87% change. The results of the period decreased -46.08% reaching ARS 10,796 thousands at the end of the period against ARS 20,024 thousands last year. Return on equity (Net income/Total equity) went from 12.32% to 5.14%, the Return On Asset (Net income / Total Asset) went from 1.30% to 0.57% and the Net Profit Margin (Net Income/Net Sales) went from 25.75% to 14.36% when compared to the same period of last year. The Debt to Equity Ratio (Total Liabilities/Equity) was 795.07% compared to 846.68% of last year. Finally, the Current Ratio (Current Assets/Current Liabilities) went from 1.10 to 0.97 when compared to the previous year. |
Key Executives |
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FULL COMPANY PROFILE
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2013 Q1 (cons) |
2013 M02C (non-cons) |
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| Audited | Non-Audited | |
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| Central Bank of Argentina - Banks (Quarterly Financials) | Central Bank of Argentina - Banks Monthly Financials | |
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| Unit | Thousands | Thousands |
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Balance Sheet
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Total Assets |
1,791,534 |
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Current Assets |
X,XXX,XXX |
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Total Liabilities |
X,XXX,XXX |
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Shareholders Equity |
XXX,XXX |
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Current Liabilities |
X,XXX,XXX |
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| * All the accounts are in ARS. | ||
Income Statement
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Total Operating Revenue |
XX,XXX |
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Operational Profit (Loss) |
X,XXX |
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Net Profit (Loss) |
X,XXX |
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| * All the accounts are in ARS. | ||
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