(NYSE: BMA) (BCBA: BMA) reported net income of ARS1
.1 billion in the first quarter 2015, an increase of 94 percent compared to ARS 575 million in the fourth quarter 2014, and a decrease of 6.0 percent compared to ARS1
.2 billion in the first quarter 2014.
From 2013 to 2016 AySA's average short-term debt coverage by cash balance was low at 0.3x, being 0.9x by the end of 2016 when cash balance was at ARS1
billion with ARS1
.2 billion of short-term debt.
This was a 14% increase as compared with net income attributable to Telecom Argentina of ARS1
,454m in the first half of 2012.
Under the plan, the lender can repurchase up to 20m class B common book-entry shares of nominal value of ARS1
.00 each, which is within the bank's 10% capital stock limit.
Telefonica is expected to buy around 126m TASA shares at ARS1
per share for a total of approximately EUR22m or USD33m.
The bank's net income totalled ARS1
.2bn in the first quarter of 2014, 24 percent higher than the ARS953.3m reported in the fourth quarter of 2013 and 159 percent higher than the ARS457.9m posted in the first quarter of 2013.
Aires, Argentina, with assets of ARS1
,08 billion and equity of ARS137
BBVA Banco Frances booked a 66.8% year-on-year rise in its 2010 net profit to ARS1
The company reported net income of ARS1
,006m for the nine-month period ended 30 September 2009, a 21% increase when compared to the same period of 2008.
The bank had ARS16bn in assets and ARS1
.8bn in equity as of June 30, 2009.
The group's operating profit increased by 25% or ARS262m year-on-year to ARS1
.31bn for the six-month period ended 30 June 2009, representing 23% of net revenues.
Deposits increased by ARS1
.5bn (USD392m) in July, and growth has continued so far in August, BCRA said.