VUB Group reported consolidated earnings results for the nine months ended September 30, 2014. For the period, the company reported operating income was EUR 408.6 million against EUR 395.4 million a year ago. The bulk of this favourable result can be attributed to net interest income, which posted 3.8% year on year growth to increasing volume of loans and optimization of funding costs.

Operating profit before impairment was EUR 203.4 million against EUR 199.5 million a year ago. Profit before tax was EUR 146.4 million against EUR 140.2 million a year ago. Net profit for first nine months of the year was EUR 114.6 million against EUR 109.3 million a year ago.

Basic and diluted earnings per share were EUR 8.83 against EUR 8.42 a year ago. This result was strongly supported by a nearly 9% growth of the loan portfolio.