Fransabank’s net profits down by 12 percent

Fransabank's net profits reached $107 million in the first nine months of 2012, down by 12.4 percent year-on-year.

Net operating income in this period amounted to $306 million, rising by 4.2 percent y-o-y. Total operating expenses rose by ten percent y-o-y to $177 million, raising the cost-to-income ratio to around 53 percent compared to 50.4 percent in the same period in 2011.

Fransabank’s assets totaled $15.2 billion at end-September 2012, up by 5.3 percent compared to end-2011. Customers’ deposits totaled $12.6 billion, up by 7.6 percent from end-2011.