Banco Hipotecario S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2021
November 26, 2021 at 10:44 am EST
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Banco Hipotecario S.A. reported earnings results for the third quarter and nine months ended September 30, 2021. For the third quarter, the company reported net interest income was ARS 91.8 million compared to net interest loss of ARS 345.84 million a year ago. Net loss was ARS 1,120.12 million compared to net income of ARS 249.85 million a year ago. Basic loss per share from continuing operations was ARS 0.761 compared to basic earnings per share from continuing operations of ARS 0.17 a year ago. Diluted loss per share from continuing operations was ARS 0.761 compared to diluted earnings per share from continuing operations of ARS 0.17 a year ago.
For the nine months, net interest loss was ARS 2,311.88 million compared to net interest income of ARS 724.69 million a year ago. Net loss was ARS 4,305.02 million compared to net income of ARS 366.65 million a year ago. Basic loss per share from continuing operations was ARS 2.926 compared to basic earnings per share from continuing operations of ARS 0.249 a year ago. Diluted loss per share from continuing operations was ARS 2.926 compared to diluted earnings per share from continuing operations of ARS 0.249 a year ago.
Banco Hipotecario SA is an Argentina-based financial institution (the Bank) principally engaged in the banking sector. The Bank's offer includes current and saving accounts, mortgage, consumer and commercial loans, fixed-term deposits, credit and debit cards, financial advisory, cash management, export and project financing, leasing, as well as securities brokerage, among others. Its services are structured in two areas: Personal banking and Corporate banking. In addition, the Bank provides life and casualty insurance. The Bank operates domestically through a number of subsidiaries, such as BHN Sociedad de Inversion SA, BH Valores SA Sociedad de Bolsa, BACS Banco de Credito y Securitizacion SA and Tarshop SA.
BANCO HIPOTECARIO S.A. 
