Banco Hipotecario S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
November 24, 2022 at 10:08 pm EST
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Banco Hipotecario S.A. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported net interest loss was ARS 6,301.1 million compared to net interest income of ARS 168.1 million a year ago. Net income was ARS 627.4 million compared to net loss of ARS 2,050.1 million a year ago.
For the nine months, net interest loss was ARS 12,206.1 million compared to ARS 4,498.8 million a year ago. Net income was ARS 3,966.2 million compared to net loss of ARS 7,879.5 million 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. 
