European American Bank said strict credit quality and risk management contributed to a 41.4% gain in its fourth-quarter net income, to $33.9 million.

The $9.6 billion-asset banking company said its key sales units, including retail banking, retail credit, corporate banking, and leasing, contributed to the strong results.

For the full year, EAB earned $134.5 million, a 22.9% jump. It credited an 8% improvement in fee income for the results.

In the fourth quarter, EAB's deposits reached $7.1 billion, a 20.3% gain.

Brendan J. Dugan, president, said the bank's capital base continues to strengthen. Its Tier 1 capital ratio reached 14.78% in the fourth quarter, while the total capital ratio was 16.04%.

Uniondale-based EAB's assets were up 12.8%, or $1.1 billion, from yearend 1995.

It is a subsidiary of the Dutch bank ABN Amro Holding.

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