ATE Bank yesterday posted an 80.4 percent rise in first half after-tax group profits, year-on-year, to 59.5 million euros. The bank said in a statement the improvement was mainly due to a 36.18 percent increase in net interest income and a 0.24 percent cut in operating expenses. As a result, ATE’s expenses/revenue ratio fell from 72.5 percent in the first half of 2004 to 57.8 percent. The parent company’s after-tax profit rose to 24.99 million euros from 1.82 million. The net interest margin stood at 2.88 percent, with customer deposits up 4.8 percent. The bank wrote off 115 million euros in the second quarter as part of a loan restructuring, improving its non-performing loan ratio to 19 percent at end-June from 19.8 percent at end-March. Indictment Separately, ATE said the indictment Tuesday of its former governor Petros Lambrou and five deputy governors on multiple counts of breach of faith was in no way related to any personal differences with the incumbent, Dimitris Miliakos. The indicted are accused of approving loans totaling 190 million euros to the ailing construction and energy group Alfa-Alfa Holdings without a proper assessment of its creditworthiness. «Forgotten cases in locked drawers are unacceptable to the present management,» ATE said in a statement.