€1.50
THURSDAY 7 SEPTEMBER 2023 • ISSUE 222
WWW.BUSINESSTODAY.COM.MT
CONTINUED ON PAGE 3
SEE ALSO FIMBANK
RESULTS ON PAGE 5
Lombard Bank closes
H1 2023 with €5.4m
in profits before tax
International
Hotel Investments
announces issue
of unsecured
bonds 2033
PAUL COCKS
THE Lombard Bank Group ended the
first half of 2023 with a profit before tax
of €5.4m, down from €17.2m for the
same period in 2022, which had however
included a one-off significant recovery
on a long outstanding non-performing
loan. When adjusted for this special fac-
tor the profit before tax in 2022 would
have been €5m.
e group achieved a profit after tax of
€3.4m with the main drivers being high-
er net interest income and improved op-
erational efficiency, reflected in earnings
per share of 4 cents for this period.
STAR PERFORMER MSE FTSE 100
EUR EXCHANGE RATES
Trading Date: 6 Sep 2023
Number of Trades: 84
Turnover: € 1,376,138.18
MSE TRX Index: 7,970.52
Change: -0.489%
Name: 4% EDF PLC UNS
MT0000141227 - Currency €
Last Traded: 6 Sep 2023
Price 99.000
Change +1.000
US Dollar 1.0388
British Pound: 0.86477
Japanese Yen: 144.59
Australian Dollar: 1.5451
Swiss Franc: 0.98700
7,587.67
75.67
7,592.39 / 7,512.00
Value
Net variation
High / Low
+1.01%
INTERNATIONAL Hotel Invest-
ments p.l.c. has announced it has sub-
mitted an application to the Malta Fi-
nancial Services Authority requesting
admissibility to listing of Unsecured
Bonds redeemable in 2033.
e company said that, subject
to regulatory approval of the new
bonds, most of the proceeds there-
of will be used to redeem the existing
5.8% unsecured bonds 2023 (ISIN:
MT0000111287) due on 14 November
2023 and 6.0% unsecured bonds 2024
(ISIN: MT0000481227) due on 15 May
2024.
IHI will be granting preference to
holders of 2023 and 2024 maturing
bonds to subscribe to the new bonds
by surrendering the corresponding
nominal value of bonds held.
Further information on the new
bonds will be available after MFSA ap-
proves the application.
