Banco Hipotecario
Banco Hipotecario headquarters building in Buenos Aires | |
| Company type | Sociedad Anónima |
|---|---|
| BCBA:BHIP | |
| Industry | Financial services |
| Founded | 1886 |
| Headquarters | Buenos Aires, Argentina |
Key people | Eduardo Elsztain, (Chairman) Mario Blejer, (Vice president) |
| Products | Retail banking Mortgages Consumer finance Credit cards |
| Revenue | US$ 330 million (2011) |
| US$ 56 million (2011) | |
| Total assets | US$ 2.84 billion (2011) |
Number of employees | 1,892 (2011) |
| Website | hipotecario.com.ar |
Banco Hipotecario S.A. (BCBA:BHIP) is a commercial bank and mortgage lender in Argentina. whose operation is based on loans with real guarantee. It was founded in 1886 to solve the housing problem. The bank was privatized in 1997. Faced with the prospect of bankruptcy, in 2005 the State became its majority shareholder. It is a public limited company, with majority state participation but private administration that is dedicated to loans and other financial activities.