Lombard Bank Malta plc has announced the declaration of a final gross dividend amounting to €5,255,457, equivalent to €0.034 per nominal €0.125 share.

In the same announcement, the bank proposed an increase in directors’ remuneration to €190,000 – marking a €70,000 uplift from the €120,000 figure outlined in the most recent financial statements.

Lombard Bank Group had previously registered a 34 per cent jump in profit before tax in 2024, reaching €19.4 million.

According to its financial statements there were several key drivers in the bank’s healthy performance: Higher net interest income; increased non-interest revenues; enhanced operational efficiency; and a release in expected credit losses.

Gross interest revenues increased by 13 per cent to reach €38.1 million (up from 2023 at €33.7 million). This was driven by growth in customer lending. Treasury activities also contributed significantly to the rise in interest income, reflecting higher market interest rates.

The bank’s directors had also declared that the group entered the 2025 with a stronger capital base, allowing it to expand operations and meet the demand for commercial and retail credit along with a broad range of other services.