| |
|
|
|
MARFIN POPULAR BANK PUBLIC COMPANY LIMITED
During the 100 and more years of its history, the Laiki Group evolved from a small savings bank into a vigorous financial organisation of international character and repute and with a strong presence in the social and cultural life of the country.
Laiki Group offers a wide range of financial services which includes, apart from banking services, hire-purchase finance, life and general insurance, factoring, leasing, capital management, stock exchange services and financial investment services.
|
|
Announcements
Latest Financial Comments
|
|
- Net interest income increased by 8% year-on-year and reached € 359,3 m.
- Net fee and commission income increased by a significant year-on-year 32%, reaching € 147,1 m.
- Total income increased by 9% year-on-year to € 587,7 m (adjusted for exceptional income € 50 m from sale of stakes in Hellenic Bank and Universal Life during the first half of 2007).
- Efficiency ratio (cost/income) was kept at low levels at 46%, despite the increase in operating expenses by 15% (7% excluding the new subsidiaries that are consolidated) due to the dynamic growth of the Group’s operations.
- The consolidated net profit after tax and minority interest reached € 220,4 m, increasing by 11% compared with the first quarter of 2008 and decreased by 25% in relation to the first half of 2007 (adjusted for exceptional income from sale of stakes). The consolidated net profit increased by 7% compared with the first half of 2007 after adjusting for exceptional income and profit from discontinued operations.
- The return on tangible equity (RoTE) reached 20,3%.
 All Financial Comments
|
|
|
|
|
|
|
