Profit of $1m for Morgan bank

JP MORGAN Bank Dublin reported pre-tax profits of almost $1m (€706,000) for last year compared with a loss of $13.9m in the previous year.

Wages and salaries for the 15-strong staff was $2.8m last year. Staff numbers at the bank fell by eight from 2009 to 2010.

Directors’ remuneration fell from $124,000 to $100,000 last year. Eight directors are listed at the bank. The chairman is Frederic Mouchel.