Ulster Bank reports Q1 operating loss of €382m

Ulster Bank made an operating loss of £310m (€382m) in the first quarter of the year, driven by bad debts and amid what it called " “exceedingly difficult” market conditions in Ireland.

Ulster Bank reports Q1 operating loss of €382m
Fri, 04 May, 2012 - 10:28

Ulster Bank made an operating loss of £310m (€382m) in the first quarter of the year, driven by bad debts and amid what it called " “exceedingly difficult” market conditions in Ireland.

The figure was however an improvement of almost £55m on the £365m operating loss for the same period 2011.

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