Lombard Bank Malta plc – Financial Statements for the year ended 31 December 2012

March 14, 2013
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

 

The Board of Directors of Lombard Bank Malta p.l.c. has approved the audited financial statements for the financial year ended 31 December 2012 and resolved that these financial statements be submitted for approval at the forthcoming Annual General Meeting to be held on 25 April 2013.

The Board of Directors further resolved to recommend that the Annual General Meeting:

1. Approves the payment of a final ordinary gross dividend of €0.12 per share (net dividend of €0.078 per share) with a nominal amount of €0.25 per share. This will be paid on 30 April 2013 to shareholders who are on the Company’s Register of Shareholders as at 25 March 2013 (the ‘Record Date’), the last trading date being 20 March 2013.

2. Approves a bonus share issue of one (1) share for every ten (10) shares held which will be allotted on the 28 May 2013 to shareholders on the Company’s Register of Shareholders as at close of business on 27 May 2013, the last trading date being 22 May 2013. The bonus issue will be funded by a capitalisation of reserves amounting to €902,318.

The Group registered a profit before tax of EUR 6.1m, compared to EUR 7.2m registered in 2011. Net interest income for the period under review amounted to EUR 13.8m, a decline of 2.7% from 2011. EPS decreased to EUR 0.158.

To view the official company announcement, click here.