National Irish Bank (NIB) today reported a 51 per cent increase in annual pre-tax profit to €14.1 million and reported good progress in its restructuring programme.
Total lending grew by 7 per cent to €2.342 billion, business-term lending is up by 12 per cent and mortgages increased by 13 per cent, the bank said.
The bank took a charge of €8.9 million to cover the cost of its restructuring.
NIB chief executive, Mr Don Price said the bank had seen solid growth in its core activities as it continues to rebuild its franchise.