Lombard Bank Malta plc reported unaudited group and parent earnings results for the six months ended June 30, 2014. For the period, on group basis, the company's net interest income was EUR 6,806,000 compared to EUR 7,686,000 a year ago. Operating income was EUR 19,682,000 compared to EUR 19,896,000 a year ago. Net operating income before impairment charges and provisions was EUR 5,130,000 compared to EUR 5,885,000 a year ago. Profit before taxation was EUR 3,265,000 compared to EUR 4,160,000 a year ago. Profit was EUR 2,105,000 compared to EUR 2,685,000 a year ago. Profit attributable to equity holders of the bank was EUR 1,860,000 compared to EUR 2,482,000 a year ago. Net cash flows used in operating activities was EUR 7,659,000 compared to EUR 53,051,000 a year ago. Purchase of property, plant and equipment was EUR 822,000 compared to EUR 804,000 a year ago. Earnings per share was 4.5 cents compared to 6.0 cents a year ago. The group registered an annualised post-tax return on equity of 4.9% despite record low market interest rates and a persisting generally subdued sentiment in the property market.

For the period, on parent basis, the company's net interest income was EUR 6,720,000 compared to EUR 7,561,000 a year ago. Operating income was EUR 9,319,000 compared to EUR 9,852,000 a year ago. Net operating income before impairment charges and provisions was EUR 5,187,000 compared to EUR 5,979,000 a year ago. Profit before taxation was EUR 3,437,000 compared to EUR 4,429,000 a year ago. Profit was EUR 2,248,000 compared to EUR 2,895,000 a year ago. Net cash flows used in operating activities was EUR 8,993,000 compared to EUR 54,308,000 a year ago. Purchase of property, plant and equipment was EUR 176,000 compared to EUR 221,000 a year ago.