The Lombard Bank Group registered a €11.5 million profit before tax in the first half of the year.

This was lower than the €12.9 million it registered in the first half of last year, its interim results show. However, the group said that a one-off share of profit recorded in 2025 from the disposal of assets by an associate company was not repeated.

The financial performance of the group during the first half of this year reflected higher core bank operating income and improved operational efficiency, it said.

The bank itself made a profit before tax of €10.1 million. “MaltaPost plc, the bank’s main subsidiary, also contributed to the positive result with a 12 per cent increase in profit before tax, reaching €3.6 million.”

Gross interest revenues for the group rose by 11 per cent to €21.8 million (H1 2025: €19.7 million), primarily driven by growth in customer lending.

The group said that operating income improved by 9 per cent to €41.5 million from €38.1 million in the first half of 2025.

Loans and advances to customers rose by 8 per cent to €1.0 billion from €929.1 million at FYE 2025. The group also said that amounts owed to customers increased by 3 per cent to €1.2 billion.

Postal sales and other revenues were up by 8 per cent from the first half of last year, reaching €23.1 million, which the Lombard Group said was driven by a steady performance across key business areas, particularly parcel and logistics-related activities.

“The continued shift from traditional Letter Mail to digital communication channels persisted during the reporting period, while e-commerce and parcel-related services continued as important contributors to revenue growth.”

The group’s total assets amounted to €1.56 billion.

It reports that during the first half of 2026, it continued to focus on its strategic priorities, including investment in digital transformation, operational efficiency and customer service.

Regarding MaltaPost plc, it said that the traditional postal environment is expected to remain challenging, while the potential impact of customs tariff measures on cross-border postal and logistics activities continues to unfold. “That said, MaltaPost remains on the lookout for new and diverse business opportunities.