Thursday, June 21, 2018

Nomos Bank releases financial results for first half of year

Nomos Bank released on Wednesday its financial results for the first half of the year, showing the company had $180 million in net profit, $150 million of which was attributable to shareholders.

Earnings totaled $1.63 billion, and core revenue--excluding trading and foreign exchange results--rose 15.2 percent year-on-year to reach $690 million. Key drivers of revenue included net interest income and net fee and commission income.

Net interest income rose 20.7 percent year-on-year to reach $550 million. Net fee and commission rose 16.5 percent to reach $130 million. The bank's total assets increased 8.6 percent to reach $29.57 billion.