Lombard Bank said today it made a pre-tax profit of €4.2 million in the first six months of the year, slightly down from €4.3m in the same time last year.

Group operating income rose to €19.9m from €18.8m last year.

Customer deposits reached €449.6m (from €462.1m) while loans and advances grew to €331 million from €320 million.

The bank said economic growth is expected to improve in the second half of 2013 while interest rates are expected to remain unchanged in the foreseeable future.

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