Pre-tax profits fall 33% to €40.5m at Irish subsidiary of Goldman Sachs

PRE-TAX profits at a Dublin-based subsidiary of Goldman Sachs declined by 33% to $58 million (€40.5m) last year.

The decline compares with $86.7m in 2009, according to accounts recently filed to the Companies Office by Goldman Sachs Bank (Europe).

The bank had total assets of $9.8 billion at the end of 2010 — down from $13.1bn 12 months previous.