Edition 1462
10 February 2018
Edition: 1462

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Finantia profits up 35 percent

by TPN/Lusa, in Business · 10-08-2017 14:23:00 · 0 Comments

The consolidated net profit at Portugal’s Banco Finantia increased 35 percent to €19.4 million in the first half of this year compared with the same period in 2016, it said.

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.

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Edition 1462
10 February 2018
Edition: 1462

Read this week's issue online exactly as it appears in print.

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