Bank of Valletta plc – Interim Financial Statements

Bank of Valletta plc issued its interim financial results for the period ended March 31, 2016. 

The Group reported a profit before tax of €68.5m, compared to €58.8m recorded in the comparable period of 2015. Net Interest Income rose by 5.3 per cent to €74.9m. Operating income totalled €134.5m, up by 12.5 per cent. Earnings per share stood at €0.114. 

Furthermore, the board of directors declared a net interim dividend of €0.0254 per share, compared to last year’s net dividend of €0.0234 (adjusted for the bonus share issue). This is in line with the bank’s strategy to strengthen its Tier 1 capital ratio, having slightly tightened its dividend pay-out ratio from 22.6% in 2015 to 22.1% this year.The dividend will be paid on May 27, 2016 to shareholders on the company’s registrar as at May 12, 2016. 

To view the official Company Announcement, click here.