Lombard Bank plc – Financial Results for the six month period ended 30 June 2017

The Group registered a half-yearly profit before tax of €4.7 million, compared to €4.4 registered in 2016. This result was achieved despite the impact of historically-low and, at times, even negative interest rates and more costly regulatory compliance requirements. The Bank experienced strong activity in most of its business lines but remained cognisant of its prudential limits.

Customer Deposits stood at €713 million, from the €721 million level at the end of 2016, while Loans and Advances to customers increased from €343 million at the end of 2016 to €390 million for the first

During the Annual General Meeting of shareholders held on 27 April 2017 the following resolution was approved: “That a final gross dividend of 4 cent (net dividend of 2.6 cent) per share, representing a final gross payment of €1,767,117, as recommended by the Directors, be hereby approved.”

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