NIB operating profit down 45%

National Irish Bank has today reported an operating profit before impairment charges of down 38% to €13m for the three months to March 31, 2010.

NIB operating profit down 45%

National Irish Bank has today reported an operating profit before impairment charges of down 38% to €13m for the three months to March 31, 2010.

Income fell 19% to €42m due to lower demand and lower deposit margins.

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