Anglo Irish predicts 40% earnings rise

Anglo Irish Bank has predicted earnings per share for the six months to the end of this month will be close to 40 per cent higher…

Anglo Irish Bank has predicted earnings per share for the six months to the end of this month will be close to 40 per cent higher than the same period last year.

This figure does not include the €22 million pre-tax profit from the sale of its Isle of Man trust activities in December.

In a trading statement to the Irish Stock Exchange this morning, the bank said it had performed strongly in the first five months of the fiscal year, reflected throughout all its businesses.

Lending is already up €7.3 billion in the five-month period.

Ciara O'Brien

Ciara O'Brien

Ciara O'Brien is an Irish Times business and technology journalist