National Irish Bank reports €586m loss, down from €600m last year

National Irish Bank has reported a loss of €586m for the nine months to the end of September, down from a loss of €600m in the same period last year.

National Irish Bank reports €586m loss, down from €600m last year
Tue, 30 Oct, 2012 - 10:45

National Irish Bank has reported a loss of €586m for the nine months to the end of September, down from a loss of €600m in the same period last year.

The reduction is because of lower writedowns on the value of the bank's loan book. NIB set aside €578m to deal with troubled loans, compared to €630m a year ago.

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