BankMed’s net profits reach $95 million at end-September

BankMed announced net profits of $94.5 million in the first nine months of 2012, up by 4.8 percent from around $90 million in the same period in 2011. Total assets stood at $13 billion. Cost-to-income ratio reached 57 percent, against 55 percent in September 2011. Net operating income totaled $257.7 million in the same period, up by around 18 percent year-on-year. Total operating expenses rose by 25 percent to $190 million.