BLME 2010 Financial Results
Key highlights of the full year results are:
* Profit before tax of £5 million compared to a £18.9 million loss in 2009 achieved through a cautious recovery strategy and prudent financial investments.
* Total operating income of £40.4 million, an increase of 34% year-on-year, demonstrating strong growth in the Bank's core divisions of Markets and Corporate Banking with a robust performance from the investment in US Dollar Income Fund.
* Net fee income of £974,693, up 112% year-on-year.
* Total assets of £712 million, down 6% compared to 2009. This slight decline represents a closer alignment of liquidity resources with customer facing requirements and improved diversification of the Group's liquidity position and funding capabilities.