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BUSINESSTODAY 2 September 2021

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€1.50 THURSDAY 2 SEPTEMBER 2021 • ISSUE 119 WWW.BUSINESSTODAY.COM.MT PAGE 2 PAGE 5 PAGE 3 PAGE 3 Editorial PAGE 9 THE LAST BUDGET PAUL COCKS LOMBARD Bank Group has registered a profit before tax of €5.4 million, up from €5 million for the same period last year while Lombard Bank Malta p.l.c. registered a profit before tax of €4.0 million, up from €3.6 mil- lion in H1 2020. Loans and advances to customers as well as customer deposits rose by 4%. Net in- terest income for the group at €10.0m was 8% higher compared to the previous year. Higher interest revenues generated from increased credit activity offset the effect of pressure on interest margins from persis- tent low interest rates. In its interim unaudited financial state- ments for the six months ended 30 June 2021, the group said that Lombard Bank continued implementing its strategy of prudent growth by investing in its physical presence, technol- ogy and human resources. MATTHEW VELLA THE financial regulator has suspended the listing of Melite Finance plc's bonds after the company failed to publish its unaudited inter- im financial statements for the forst half of 2021. e suspension is valid for 10 days, the Malta Financial Services Authority said. Lombard Bank registers €4m profit before tax for H1 2021 Around 400 businesses to benefit from Lands Authority scheme Drones and the future of motorsport Accessorize owners will not extend more support to COVID-hit retail chain STAR PERFORMER MSE FTSE 100 € EXCHANGE RATES Trading Date: 1 Sep 2021 Number of Trades: 50 Turnover: €689,466.30 MSE TRX Index: 8,064.370 (Change: 0.029%) SP FINANCE - 4% SPF SEC BDS SF29A - Currency EUR Last Traded 1 Sep, 2021 Price 105.510 Change 3.010 US Dollar 1.1846 British Pund: 0.85885 Japanese Yen: 130.21 Australian Dollar: 1.6090 Swiss Franc: 1.0839 7,149.11 34.40 7,187.34 / 7,119.70 7,119.70 Value Net variation Previous close High / Low -0.41%

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