Bank of Valletta plc – Approval of Preliminary Statement of Annual Results

October 30, 2015
|In Company Announcements
|By Jesmond Mizzi Financial Advisors

 The Board of Directors of Bank of Valletta p.l.c. have approved the audited financial statements for the financial year ended 30 September 2015. 

 

The Group registered a profit before tax of EUR117.9m compared to EUR104.1m registered in 2014. Net interest incme for the period under reivew amounted to EUR 144.8m a rise of 14.9 per cent from 2014. Earnings per share increased to EUR 0.22.

 

Moreover, the Board of Directors recommended a final gross dividend payment of EUR 0.085 per share (EUR 0.05525 net). This would make for a total gross dividend for the year of EUR 0.124 per share (total net dividend per share EUR 0.0806).

 

The Board of Directors also recommended a bonus share issue of one share for every twelve shares held which will be allotted to shareholders on the Bank's share register as at close of business on Friday, 15 January 2016, This issues will be funded by a capitalisation of reserves amounting to EUR 30m.