Lombard Bank Malta plc- Financial Results for the six month period ended 30 June 2016

The group registered a profit before tax of €4.4 million, compared to €4.3 million in 2015. The results for the Bank, however, included a one-time significant item of €1.3 million in income arising from Visa Inc.’s purchase of all the shares in Visa Europe. Without this item profit would have been €3.1 million, or 28% lower than in 2015.

The Bank recorded a satisfactory performance in most of its business lines while the Malta Post subsidiary experienced lower profits. Net interest income for the period under review amounted to €7.1 million a rise of 10.4% from 2015. Earnings per share increased to €0.057 from €0.052.

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