BNU ends H1 with MOP128 mln in positive results

Local bank Banco Nacional Ultramarino reported a total of MOP128 million (US$15.8 million) in profits during the first half of this year, a 41 per cent contraction from the results in the same period last year, the bank’s latest financial report shows.

When compared to the previous quarter, BNU ended the second quarter with MOP39 million gains, as total revenue for the six months doubled to MOP608.7 million.

BNU also contributed 19 million euros (MOP156.7 million/US$19.3 million) in profit to its parent group, Portuguese state-owned banking Caixa Geral de Depósitos between January and June helping the banking group report 486 million euros in consolidated profit.