Espirito Santo Financial Group SA reported unaudited consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported net interest income of EUR 281,631,000 against EUR 236,013,000 a year ago. Operating income was EUR 772,854,000 against EUR 653,188,000 a year ago.

Loss before income tax (inc. Gains from Financial Investments & Share of profit of Associates) was EUR 130,783,000 against EUR 65,145,000 a year ago. Loss attributable to equity holders of the company was EUR 36,984,000 against EUR 13,130,000 a year ago. NII, which is principally driven by the BES consolidation, derived from the Bank's international performance namely through the rise in Net Interest Margin (NIM) at BES Angola as well as a positive improvement in the domestic market of Portugal.