FIMBank plc – Interim Financial Statements

The group reported a profit before tax of $2.15 millionfor the six months ended June 30, 2016, compared to a $7.73million loss registered in the same period in 2015. Net interest income for the period under review amounted to  $9.79 million, a decline of 39.5% from 2015, as a result of a number of factors namely, holding of temporary idle liquidity and higher stock of liquidity assets, the tightening margins in the Group’s markets and products, and reduced income on forborne or delinquent assets. Diluted earnings per share increased to $0.38 from negative $2.05. The directors do not recommend the payment of an interim dividend.

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