NIB announce profits boost

National Irish Bank today reported profits of €38.1m before tax, goodwill and integration costs for the 12 months ended December 2006.

This represents an annualised increase of 27%. Profit before tax amounted to €3.5 million after the goodwill and migration costs associated with the substantial investment in the bank's relaunch and the completion of its migration to the Danske Bank Group technology platform.