Interbank announced unaudited earnings results for the third quarter ended September 30, 2015. For the quarter, the company reported net interest and similar income of PEN 536.9 million against PEN 455.3 million a year ago. Net interest and similar income after provision for loan losses was PEN 396.6 million against PEN 357.9 million a year ago.

Income before translation result and income tax was PEN 349.2 million against PEN 266.1 million a year ago. Profit for the period was PEN 242.4 million against PEN 187.3 million a year ago. ROAE was 28.2% against 25.2% a year ago.

Net interest and similar income increased 1.5% quarter on quarter as the result of a 3.4% growth in interest and similar income, which was partially offset by a 8.2% increase in interest and similar expense. The rise in interest and similar income was due to increases of 5.8% in interest on loans and 65.5% in interest due from banks and inter-bank funds, partially offset by a 37.0% decrease in income from investments available for sale. Net interest and similar income grew 17.9% year on year due to an increase of 17.9% in interest and similar income, partially offset by a 17.7% rise in interest and similar expense.

The growth in interest and similar income was due to increases of 17.1% in interest on loans and 45.1% in interest on investments available for sale, partially offset by a 2.9% reduction in interest due from banks and inter-bank funds.