Robust economy sees Irish Life on course to achieve all its targets

IRISH Life & Permanent is on course to meet all its targets for this year, buoyed by the strong Irish economy and a labour market that rose 70,000 in 2004.

The robust economy continues to underpin strong demand for its products and it must be borne in mind the economy is outperforming its European counterparts by a significant amount, Irish Life & Permanent chief executive David Went said.

This year, new bank lending will show low double-digit growth the first six months, boosted by €2.5 billion of new residential mortgage lending.