IIB’s growth streak continues

IIB Bank continued a 32-year streak of growth with profits rising more than €10 million last year.

The bank yesterday said operating profits last year rose 10% to €110.8m, extending the period of uninterrupted growth that began in 1973.

It said that, stripping out the gain on the sale of its former head office from its 2004 results, profits in 2005 were 18% higher.