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Hipotecario, Galicia profits up 37%

Publication: BIS - Business Information Systems

Provider: Business Information Systems

Date: November 15, 2005

Hipotecario, Galicia profits up

Argentine bank Banco Hipotecario registered an increase of 37 percent in revenues in the first quarter of the year when compared to same period in 2004. The institution, which has among its shareholders IRSA, informed that from July to September profits achieved ARS 84.7 million versus ARS 61.8 million registered in same period in 2004. Meanwhile, Banco Galicia announced profits of ARS 21.6 million in the third quarter of the year meaning a positive result of ARS 177.4 million so far this year.

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