FBD reports strong profit growth

FBD generated pre-tax profits of €58.9 million for the six months to end June 2004 and has committed to a €30m loyalty discount to core customers.

Further cuts in the cost of motor and general insurance have also been flagged as the underwriting environment improves.

FBD also announced yesterday it has entered a 12-month sponsorship deal of the RTÉ soap Fair City to boost its national profile.