Lombard Bank Malta plc – Interim Financial Statements for six months ended 30 June 2009

Lombard Bank Malta plc – Interim Financial Statements for six months ended 30 June 2009

Lombard Bank plc announced that the Board of Directors during a meeting held on August 27, 2009, approved the Group and Bank unaudited Condensed Interim Financial Statements for the six month period ending June 30, 2009.

The Group registered a slight decrease in its Total Operating Income, from EUR 18.89 million in 2008 to EUR 18.375 million in 2009, a decline of 2.73%. The Group’s Profit before tax declined by EUR 1.31 million, to EUR 6.44 million. The Group stated that “notwithstanding subdued business sentiment amid global recession the Bank’s Loans and Advances remained stable, Customer Deposits grew satisfactorily despite record low interest rates in financial markets.” Earnings per share for the period decreased slightly from EUR 0.126 to EUR 0.104.

To view the Interim Financial Statements, Click Here.