Bank of Scotland (Ireland) continues strong run as profits soar 20% to €71m
The unit’s lending book grew by 60% to €14.7 billion, but the €9bn increase was partly down to the transfer of the bank’s Irish home loan business, worth almost €3bn, from Edinburgh to Dublin. Customer deposits were 30% higher at €6.9bn.
Bank of Scotland (Ireland) chief executive Mark Duffy said all areas of the bank had contributed to the strong numbers and that the favourable patterns seen in 2004 had transferred into the current year.
