Lombard Bank Malta plc – Financial Statements for the year ended 31 December 2014

Lombard Bank Malta plc announced that the Board of Directors approved the audited financial statements to be submitted for approval at the forthcoming Annual General Meeting (AGM) on April 22, 2015. The Group registered a profit before tax of €6.2m, compared to €7m registered in 2014. Net interest income for the period under review amounted to €14.3m, a decline of 5.1% from 2013. Earnings per share decreased to €0.081.

The Board of Directors further resolved to recommend to the AGM the payment of a final netdividend of €0.026 per nominal €0.25 share and a bonus share of one share for every 20 shares held. The dividend will be paid on April 28, 2015 to shareholders on the bank’s register as at March 23, 2015 and the bonus shares will be allotted on May 28, 2015 to shareholders on the register as at March 27, 2015.

To view the official company announcement, click here.