BCB Holdings announces first quarter results

THURSDAY, OCT. 25:  Belize City, Belize: BCB Holdings Limited (London - AIM: BCB; Trinidad and Tobago Stock Exchange - BCBTT; Bermuda - BBHL) (the “Company”)

Background Information

BCB Holdings Limited's current operations are principally comprised of the parent company and its wholly owned Financial Services division which operates through Belize Bank Limited and internationally through Belize Bank International Limited, both of which are based in Belize. Within Belize, Belize Bank is the largest, full service commercial and retail banking operation with a head office in Belize City and thirteen branches extending into each of the six districts of Belize. The principal operations of Belize Bank are commercial lending, consumer lending, deposit-taking and related banking activities.

Financial Information

The financial information included in this report as at March 31, 2012 and June 30, 2012 and for the three months ended June 30, 2012 reflects the performance of the businesses described above. The comparative income statement for the three months ended June 30, 2011, reflects the impact of the demerger by the Company of Waterloo Investment Holdings Limited, which became effective on October 26, 2011. In accordance with accounting standards, the income statement for the three months ended June 30, 2011 has been presented to separately disclose the results from continuing and discontinued operations.

Results - three months ended June 30, 2012

On this basis, the Company reported a net income from continuing operations of $1.8m for the three months ended June 30, 2012 (2011 – net loss $1.3m), the first quarter of fiscal 2013, and a net income per ordinary share from continuing operations for the quarter of $0.02 (2011 – net loss $0.01).