ICC Bank lifts profit

ICC Bank has recorded a 5

ICC Bank has recorded a 5.7 per cent increase in profit before tax from £5,539,000 to £5,853,000 in the six months ended April 30th 1996. The underlying trend is better.

The latest results had to contend with a general provision for bad debts of £500,000 which, if excluded, would indicate an underlying growth rate of 14.6 per cent.

The interim dividend is being maintained at £719,000. Earnings per share grew from 31.7p to 33.5p.