There was a decline in net profit at the JMMB Group during the six months to September 30. It totaled $1.26 billion, versus $1.6 billion last year.
Operating revenues grew to $4.98 billion, reflecting a near 20% increase over 2013, mainly driven by expansion of the JMMB Group through its acquisitions.
Net Interest Income grew from $2.4 billion to $2.7 billion, which resulted from JMMB expanded business lines such as the acquisition of Intercommercial Bank Limited in October last year.
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