The agri-business lending subsidiary of the Dutch Rabobank group, Rabo-bank Ireland PLC, has reported a profit of €46m in its annual report for 2012.

INVESTORS who bought into €650 million bonds sold by ACC Bank are to initiate a group legal action against the bank to recover losses of up to €160m and seek damages.

Chief Executive Officer, Colm Darling, has today announced his intention to leave ACC Bank plc.