NIB sets aside €667m in bad debt charges

NATIONAL Irish Bank (NIB) set aside €667m in bad debt charges for last year — down €37m on the previous year.
NIB sets aside €667m in bad debt charges
Fri, 11 Feb, 2011 - 00:00
Brian O'Mahony

The write-offs led to a pre-tax loss of €618m for the year to end December 2010.

Danske Bank Group, the parent of NIB, yesterday reported a strong surge in pre-tax profits of 36% to €865m.

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