The Desjardins Group, an integrated co-operative financial group based in Canada, has reported surplus earnings before member dividends of C$338 million for the second quarter ended June 30, 2008, a 7.3% increase compared to C$315 million for the same period of 2007.
Non-interest expense amounted to C$1.16 billion for the second quarter of 2008, unchanged from the corresponding quarter of 2007. Return on equity was 14.3%, as in the first half of 2007.
For the six months ended June 30, 2008, the Desjardins Group had combined surplus earnings before member dividends of C$405 million, compared to C$580 million for the corresponding period of 2007.
Return on equity was 8.7%, compared to 13.4% in the same period of 2007. Non-interest expense amounted to C$2.38 billion for the six months ended June 30, 2008, for an increase limited to 1.9% over the first half of 2007.