Lombard Bank Malta plc – Interim Financial Statements

During a meeting held on the August 20, 2014 the Board of Directors of Lombard Bank Malta plc approved the interim unaudited financial results for the period ended June 30, 2014 for the Lombard Bank Group – consisting of Lombard Bank Malta plc and Redbox Ltd (the company holding the Bank's shares in MaltaPost plc. 

The Group registered a profit before tax of EUR 3.27m, compared toEUR 4.16m registered during the same comparable period in 2013. Net interest income stood at EUR 6.81m, whereas operating income – reflecting the bank’s stake in MaltaPost plc – totalled EUR 19.68m.  These figures are down by 11.4% (Net Interest Income) and 1.1% (Operating Income), as the decline in interest income from the banking segment more than offset the higher turnover registered by the postal services company. EPSdecreased to EUR 0.045.  

To view the offical company announcement, click here. 

.