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Article: Banco Espirito Santo 1H06 Consolidated Results (Unaudited).
- Article from:
- PR Newswire
- Article date:
- July 25, 2006
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LISBON, Portugal, July 25 /PRNewswire-FirstCall/ -- Banco Espirito Santo (BES; Bloomberg BESNN PL; Reuters BES.LS) announced today its 1H06 results.
HIGHLIGHTS
* Net income increased 34.7% YoY to euro 200.7 million in 1H06 underpinned
by activity growth, corresponding to a return on equity (ROE) of 17.6%.
* Strong commercial performance: customer loans, including securitisation,
were up 13.6% with total customer funds rising 9.7%.
* Commercial banking income increased 12.3%, fuelled by the international
banking business; total banking income, despite lower trading results,
rose 11.3%.
* Operating costs remained flat on a comparable ...