Lombard Bank Malta plc – Financial Statements for the Year Ended 31 December 2010

March 10, 2011

Lombard Bank Malta plc announced that the Board of Directors approved the audited financial statements for the financial year ended December 31, 2010 and resolved that these financial statements be submitted for approval at the forthcoming Annual General Meeting to be held on April 28, 2011.

The Group registered a rise of 7.8 per cent in Profit before tax for the financial period, from EUR 12.92m to EUR 13.94m. Net interest income increased to EUR 16.06m, compared to the EUR 14.59m registered in the previous financial year. EPS for the year ended December 31, 2010, rose from EUR 0.208 to EUR 0.232.

The Board of Directors further resolved to recommend that the Annual General Meeting approves the payment of a final ordinary Gross Dividend of EUR 0.115 (Net Dividend EUR 0.07475) per nominal EUR 0.25 share. This will be paid on May 6, 2011 to shareholders who are on the company’s register of shareholders as at March 29, 2011.

To view the Annual Financial Statements, Click Here.