Lombard Bank Malta plc - Interim Directors’ Statement

On 25 May Lombard Bank Malta plc issued its Interim Directors’ Statement explaining that the Bank’s balance sheet figures remain robust with capital adequacy and liquidity ratios still well above regulatory requirements. Loans and advances to customers are at the same level compared to the 2009 figures reflecting both the cautious approach of Lombard as well as the prevailing subdued business sentiment. Loans to deposits ratio is also in line with that of the corresponding period last year.

In conclusion, the Directors stated that despite the turbulence and uncertainty in the euro area, which will inevitably adversely affect the local economy, they remain confident that the performance of the Bank will remain on course towards the attainment of the profitability figures forecast for the first six months of the current financial year.

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