Investec Ireland reports 38% rise in profits

INVESTEC Ireland, part of the international specialist banking group Investec, has announced pre-tax profit growth of 38% to €33 million for the year to 31 March 2008.

The group’s diversified businesses delivered positive returns in a difficult year, said chief executive, Martin Cullen

Capital markets performed ahead of budget with revenues increasing by 51%, with international structured equity business and treasury the main contributors.