ICS profits increase by 22%

THE ICS Building Society saw profits rise by almost a quarter last year.

ICS profits increase by 22%
Fri, 31 Mar, 2006 - 01:00
Ian Guider

The society, owned by Bank of Ireland, generated a profit before tax of €113.4 million up from €91.2m in 2004.

The increase came as new mortgage lending rose by 22% to €1.7 billion. That figure was slightly behind the 27% rise in the overall Irish private sector credit market last year.

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