Lombard Bank Malta plc – Financial Statements for the year ended 31 December 2015

Lombard Bank Malta plc announced its annual results for the financial year ended 2015. The Group registered profit before tax of €7.8m, compared to €6.2m reported in 2014.  Higher competition and the lower interest rate environment resulted in a decline of 8.16 per cent in the net interest income, to €13.1m. On the other hand, transaction banking revenue remained on a positive trend, contributing to the increase in net fees and commission income. Likewise postal sales and other revenues increased by 8.4% to 24.56 million. Earnings per share rose from €0.077 to €0.10.

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