Pre-tax profits rise by 6% for ICS

ICS Building Society Group, a subsidiary of Bank Of Ireland, said pre-tax profits increased 6% to €138 million last year.

The Group said that over the year there was a 31% increase in deposits, up from €4,019m to €5,259m.

ICS also said its mortgage book had increased by 4% to €6,492m, marking a significant slowdown from the 20% rise it reported in 2006.