NIB reports 32% rise in income

National Irish Bank have reported an increase in total income of 32% to €143m for the nine-month period to September 30, 2007.

The bank has seen an increase in profit before tax to €21m, compared to a loss of €4m for the same period in 2006.

Underlying profit rose 115% to €56m before goodwill and integration (change programme) costs.

Andrew Healy, CEO of National Irish Bank said: "We’re progressing well. I’m particularly pleased with the level of new business we’re winning in both personal and business banking."

Lending increased 43% year-on-year to €9bn.

Mortgage lending went up by 45% and LTV Mortgage approvals have now exceeded €2bn since its launch less than a year ago.

Business loans climbed by 44%.