CAM earned 142.6 million through September, 28.6% less, after allocating 495 million to reserves.
Caja Mediterraneo (CAM) obtained a result attributed to 143 million euros at the end of September, 28.6% less than the same period the previous year, after allocating 495 million euros to strengthen provisions, the bank said in a statement .
The delinquency rate stood at 5.2%, 30 basis points lower than in September 2009 and 20 basis points below the industry average (5.4 percent),, final fantasy xiv gil, while coverage for funds amounted to 63.5%, 3.5 percentage points more than last year and surpassing the average savings of 3.8 percentage points.
The solvency index of the box stood at 11 percent, with equity of 5,500 million euros and an excess of capital over minimum requirements of over 1,500 million, explained the company, which improves its, tera gold, solvency structure with a Tier 1 of 9.3% and 6.6% Core Capital.
The interest margin reached EUR 647.4 million, ranking it at high levels before the crisis, after increasing 42% in 2009 due to the evolution of interest rates.
For its part, the volume of resources in balance is situated in 65.057 million, ff14 gil, euros, and retail resources are increased by nearly 3,000 million euros at the end of September, 9.7 percent more than a year ago, which together to 3.895 million reduction in funding in the wholesale markets and money, improves the entity in terms of liquidity, with coverage guaranteed maturities over the next four years.
During the first nine months of the year 88,763 have been entered, ffxiv gil, into new lending operations in the amount of 6,381 million euros, 78 percent more than in June 2010, said CAM.
So, the agency said it would continue its support for materializing the lines of public financing authorized by the Official Credit Institute (ICO) and the Valencian Institute of Finance, through which over 9,350 have been concluded for an amount of 654 operations million euros.
The loan portfolio managed by Caja Mediterraneo is located at 56.109 million euros, up 5 percent from September 2009, while 70 percent of managed credit is collateralised.
In addition, the operational network of Caja Mediterraneo is located in 974 offices, with a reduction of 65 branches compared to September last year. In this sense, CAM has been reduced 16 percent installed capacity since the beginning of the crisis.
Finally, during the first nine months of the year, the CAM-voting shares have experienced a revaluation of 20.5 percent, recording outperformed major indexes and placing it as the only value of financial institutions with positive performance in 2010 in comparison with the major listed banks.