MBNA Ireland profits fall 14.5% to €2.97m

MBNA’s credit card business in Ireland recorded pre-tax profits of €2.97 million last year, new figures show.

Last month, parent of MBNA Ireland Ltd, Bank of America announced that it was exiting the credit card business in Britain and Ireland with the loss of 750 jobs at its call centre in Carrick-on-Shannon, Co Leitrim.

Minister for Enterprise, Trade and Employment Richard Burton said last week that there has been “positive expressions of interest” from potential buyers of the MBNA credit card operation as the Bank of America seeks to sell the business “as a going concern”.