Lombard Bank Malta plc announced unaudited group and bank earnings results for the six months ended June 30, 2013. For the period, on group basis, the bank reported net interest income of EUR 7,686,000 compared to EUR 6,777,000 for the same period a year ago. Operating income was EUR 19,896,000 compared to EUR 18,816,000 for the same period a year ago. Profit before taxation was EUR 4,160,000 compared to EUR 4,300,000 for the same period a year ago. Profit for the period was EUR 2,685,000 compared to EUR 2,809,000 for the same period a year ago. Profit attributable to equity holders of the bank was EUR 2,482,000 compared to EUR 2,647,000 for the same period a year ago. Net cash flows used in operating activities was EUR 53,051,000 compared to net cash generated from operating activities of EUR 15,625,000 for the same period a year ago. Purchase of property, plant and equipment was EUR 804,000 compared to EUR 1,327,000 for the same period a year ago. Increased interest income was generated by new lending activity while judicious Treasury management maximised return on funds employed. Earnings per share was 6.8 cents compared to 7.3 cents for the same period a year ago. Purchase of investments was EUR 637,000 compared to EUR 7,592,000 for the same period a year ago.

For the period, on bank only basis, the bank reported net interest income of EUR 7,561,000 compared to EUR 6,751,000 for the same period a year ago. Operating income was EUR 9,852,000 compared to EUR 9,111,000 for the same period a year ago. Profit before taxation was EUR 4,429,000 compared to EUR 4,865,000 for the same period a year ago. Profit for the period was EUR 2,895,000 compared to EUR 3,211,000 for the same period a year ago. Profit attributable to equity holders of the bank was EUR 2,895,000 compared to EUR 3,211,000 for the same period a year ago. Net cash flows used in operating activities was EUR 54,308,000 compared to net cash generated from operating activities of EUR 13,834,000 for the same period a year ago. Purchase of property, plant and equipment was EUR 221,000 compared to EUR 391,000 for the same period a year ago. Purchase of investments was EUR 200,000 compared to EUR 7,592,000 for the same period a year ago.