name: Argentina Mortgage Bank
Banco Hipotecario is the leading commercial bank in Argentina and the leading mortgage bank in Argentina.
Based on 2011 assets (US$2.8 billion) and loan portfolio (US$1.6 billion), Argentine Mortgage Bank is the 13th largest bank in Argentina, with 52 branches and nearly 1,900 employees.
The Argentine Mortgage Bank commissioned the PRO.CRE.AR program in June 2012, which is a housing loan program funded by the ANSES Social Insurance Agency, and provides 4 billion U.S. dollars to build 100,000 privately-owned new houses within 4 years.
The Argentine Mortgage Bank is headquartered in Buenos Aires, Argentina, and its chairman is Eduardo Elschevi. In 2011, the Argentine Mortgage Bank had revenues of US$330 million, net income of US$56 million, total assets of US$2.84 billion, and a total of 1892 employees.
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