ACCBank surge in lending sees profits increase 31% to €35.9m

ACCBank, the former State-owned farmers’ bank, generated profit before tax and extraordinary items of €35.9 million for the year to December 31, 2003.

That’s a significant increase of 31% on the previous year’s figures and reflects a surge in lending to the business and agri-business sectors.

Part of the giant Rabobank of Holland, the group is continuing to shift its focus to enhance its Irish presence.