Finansbank’s contribution to the group’s net profit in the first half of 2007 amounted to E244 million, or 31% of total group profitability. Group subsidiaries operating in southeast Europe posted a 29% growth in core profit, which totaled E76 million. Return on equity (excluding profits from the sale of the bank’s shareholding in AGET Herakles) stood at 25% in the first half of 2007.
Group interest income stood at E1.4 billion in the first half of 2007, while net interest margin in Q2 2007 reached 4.22%, compared with 4.19% the previous quarter.
The substantial increase in group interest income reflects ongoing expansion in the loan and deposit books in Greece and abroad. Total group lending at the end of the first half of 2007 amounted to E49.3 billion, up 26% compared with the same period in 2006.
