Strong economy pushes ICS profits up 24%

The ICS Building Society, a subsidiary of the Bank of Ireland, has reported an increase in pre-tax profits of 24.4% to €113.4m for the year ending December 2005.

Strong economy pushes ICS profits up 24%

The ICS Building Society, a subsidiary of the Bank of Ireland, has reported an increase in pre-tax profits of 24.4% to €113.4m for the year ending December 2005.

The ICS said that new mortgage advances grew by 22.1% to €1.7bn, while its mortgage book was up by 22.3% to €5.2bn.

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