Union Financiere de France Banque SA reported earnings results for the first quarter of 2014. For the quarter, the company reported net banking profit of 45.1 million compared to the 38.2 million for the same quarter year ago. During the 1st Quarter of 2014, net subscriptions rose to 236 million, up 40% compared with the first quarter of 2013; this was due, notably, to 48 million in life assurance coming from the acquired network on first January 2014.
A comparison of like for like however, shows that subcriptions rose to 188 million, also up (by +11%) compared with the first quarter of 2013.