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Banco La Hipotecaria S.A. (Panama)

Main Activities: Commercial Banking | Credit Card Issuing
Secondary Activities: Financial Transactions Processing, Reserve, and Clearinghouse Activities | Commodity Contracts Dealing
Full name: Banco La Hipotecaria S.A. Profile Updated: June 14, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English & Spanish Download a sample report

Banco La Hipotecaria S.A. is a company located in Panama that specializes exclusively in the origination and administration of mortgage loans. It has the ability to securitize its mortgage loans according to its needs in order to mitigate the risks of maturity mismatch and funding. The company has established itself as a leader in the mortgage market due to its competitive mortgage loan programs and unparalleled ability to serve its customers quickly, easily, and reliably. In Colombia, where mortgage financial activity is limited to the city of Bogotá, La Hipotecaria is expanding its operations with the goal of becoming a major player in the same niche as it operates in Panama and El Salvador. Currently, active origination in Colombia generates approximately between 7 and 8 billion Colombian Pesos in mortgage loans per month. Additionally, La Hipotecaria offers personal loans exclusively to its mortgage customers. La Hipotecaria finances clients who select their homes from a variety of projects and does not allow mortgages from any developer or project to exceed 5% of the total loan portfolio managed by La Hipotecaria. In addition, to maintain objectivity in loan generation, La Hipotecaria does not provide financing for projects in which its shareholders or directors have any direct or indirect interest, and it also does not provide financing for housing construction. The requirements for mortgage loans are strict but fair. Customers must demonstrate employment stability, good credit references, and have approximately 30% of their income available for loan repayment. La Hipotecaria will continue to strive to achieve its corporate mission of ensuring that every individual has their own home and improving the quality of life for tens of thousands of Latin Americans through the mortgage products it offers.

Headquarters
Edificio Plaza Regency Piso 4, Torre 195 Via Espana, Zona 7
Panama; Panama; Postal Code: 8233858

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Website: http://www.lahipotecaria.com

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
June 07, 2010
Key Executives
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Vice President
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Vice President
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Vice President-Finance
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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100%
Subsidiaries
La Hipotecaria S.A. De C.V. (El Salvador)
99.98%
Company Performance
Financial values in the chart are available after Banco La Hipotecaria S.A. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency USD. Absolute financial data is included in the purchased report.
Net interest income
-89.55%
Net fee and commission income
6.83%
Operating profit (EBIT)
375.01%
Net Profit (Loss) for the Period
376.66%
Total assets
8.68%
Deposits from customers
15.81%
Total equity
5.13%
Total Assets Trend
N/A
Net Interest Income Trend
4.86%
Cost to Income Ratio
-48.07%
Loans to Deposits Ratio
-14.4%
Loans to Asset Ratio
-2.23%

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