Capital and Credit Financial Group (CCFG) recorded net profit of $288Mn ($0.31) for the 2010 financial year ending December 2010. This was fairly in line with what the company reported in 2009. The performance was aided by the recognition of net gains on securities traded but thwarted by the reduction in fee and commission income. On the costs side, the group has seen a reduction in staff costs as well as a decline in loan loss expenses. CCFG will need to improve efficiencies as it has the second highest cost to income in the industry of 73%.