The banking income (net of impairments and provisions) increased from €29.4 million to €36.4 million and operating costs were €11.1 million which is a cost-to-income ratio of 30 percent. which the bank said was one of the most efficient in European banks.
Customer deposits rose 18 percent to €816 million, reflecting the bank’s expansion policy both in Portugal and Spain and the increased recognition of its private banking, it added.
On 30 June, Finantia’s total assets were €1.926 billion, a slight increase compared with the same period last year.