Lombard Bank Malta plc – Financial Statements

Lombard Bank Malta plc announced a rise in the group’s profit after tax of 7%, from €5.3 million to €5.7 million.

Subsequently, earnings per share also increased by 7.76% to €0.116.

Net interest income rose by 9% to €15.43 million, as a result of increased consumer lending and the bank’s treasury activity.

Net Fee and Commission Income also improved by 9% as a result of a higher volume in transaction banking.

Postal Sales and Other Revenues experienced a rise of 40% over last year, to €37.37 million.

A net dividend of €0.026 per share will be distributed on May 4, 2018, to all shareholders on the register of shareholders as at March 27, 2018.

To view the official annoucnement, click here.