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BRIEF-Investec Bank FY pretax profit of 2.47 bln rand
May 22, 2014 / 6:31 AM / 4 years ago

BRIEF-Investec Bank FY pretax profit of 2.47 bln rand

May 22 (Reuters) - Investec Bank :

* JSE: INLP - reviewed preliminary condensed consolidated financial results for the year ended 31 March 2014

* Operating income before impairment losses on loans and advances increased by 9.0 pct to 7.216 bln rand (2013: 6.620 bln rand)

* Profit before taxation 2.465 bln rand

* FY net interest income was marginally ahead of prior year at 4.916 bln rand (2013: 4.883 bln rand)

* Net fee and commission income increased 47.9 pct to 1.393 bln rand (2013: 942 mln rand)

* Impairments on loans and advances decreased from 868 mln rand to 638 mln rand

* Preference dividend number 22 has been declared for period 1 October 2013 to 31 March 2014 amounting to 360.14541 cents per share Source text for Eikon: Further company coverage:

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