NIB reports €400m pre-tax loss

National Irish Bank today reported pre-tax losses of €400m for the first six months of the year.

NIB reports €400m pre-tax loss
Tue, 09 Aug, 2011 - 09:09

National Irish Bank today reported pre-tax losses of €400m for the first six months of the year after setting aside €420m for loan impairment charges.

The company said income fell 19% to €68m in the six months to end June, due to reduced customer demand and the impact of impaired loans.

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