ISTC set to report massive profits

INTERNATIONAL Securities Trading Corporation (ISTC), the hybrid capital lender to financial institutions, is due to report substantial profits in its first full year of trading.

Later this week the group is expected to announce it made profits of €6.5 million for the year to 30 September, 2006, boosted by buoyant demand from an economy enjoying strong consumer and corporate spending.

It is also benefiting from the massive growth in private sector credit.