BEMO Bank profits for Q3 2011

Profits at $7 million unchanged from Q3 2010; total revenues slightly drop

Bank BEMO announced that its net profits for the first nine months of the year amounted to seven million dollars, almost unchanged from the same period of 2010 ($6.9 million).

BEMO’s net interest income fell to eight million dollars from ten million in the same period of last year. Its total revenues fell to $19.4 million in the first nine months of 2011, down from $20 million last year.

The bank’s total assets stood at $1.43 billion at end September 2011. Customer deposits were $685 million.