The BiG bank revealed in a statement on Thursday, August 6, the net profit reached 51.6 million euros in the first half of the year, up 27% over the same period, which had registered 40.6 million euros in profits.
The Global Investment Bank revealed that its profits rose 27% in the first half of the year compared to 2014. The bank had registered a profit of 40.6 million euros in the first half of last year, while this semester posted profits of 51.6 million euros.
The operating income also rose 12.5% to 138.3 million euros compared to 122.9 million in the first half of 2014, while profit before tax rose 26.5% to 92.7 million euros.
The only result that fell in compared to last year was net interest income of the bank, which rose from 11.9 million euros in 2014 to 10.7 million euros this semester.
One of the biggest growth was registered in commissions, which rose from 3.1 million euros in the first half of 2014 to Euro 8.8 million in the same period of 2015.
In a statement, the bank says the results reflect “a decrease in net interest income net due to compression of spreads, net commissions more than doubled, an increase in net income in treasury and capital markets, and a reduction in operating costs by 18% over the same period in 2014 “.
In the same statement, Carlos Rodrigues, president and executive director of the BiG bank has reacted prudently to these results: “The indications during this first July are persistent mistrust of the implementation capacity of the third rescue Greece and anxiety generated by the timing of the almost certain rise in rates by the Federal Reserve in the United States by the end of the year. Against this background we expect operating conditions much more difficult for the second half of 2015 “.
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