Mediterranean Bank Plc – Increase in SC and Interim Financial Statements 30 Sept 2013

Mediterranean Bank plc annoucned that on November 27, 2013, the Bank’s shareholders resolved to increase the Bank’s share capital by €9.8 million.

As at November 28, 2013, the Bank’s issued share capital was increased by €9,800,000 ordinary A shares divided into nine million eight hundred thousand shares, each with a nominal value of one Euro (€1), through a cash contribution, thereby increasing the Bank’s issued share capital from €88,250,107 to €98,050,107.

In a meeting of November 27, 2013, the Board of Directors of Mediterranean Bank plc approved the attached Condensed Interim Financial Statements for the six month period ended September 30, 2013.

The Group registered a profit before tax of €16.7m for the six month period ended September 30, 2013, compared to€16.4m registered in 2012. Net interest income for the period under review amounted to €14.5m, a rise of 44% from 2012. EPS decreased to €0.138. 

To view the official company announcement, click here.