First half profit up 35% at Anglo Irish Bank
Anglo Irish Bank has posted pre-tax interim profits of E375 million, 35% higher than the year-ago period, following strong growth across all divisions, the lender said.
Increased lending to customers helped boos the bank's earnings, with a E7.1 billion increase in loans from last year, up 21%. Earnings per share stood at a record E0.42, an increase of 30%. David Drumm, group chief executive, said that the first half performance had been outstanding, adding that the continuing momentum in the business is evidenced by record lending work in progress at the end of March in excess of E7 billion. Mr Drumm went on to acknowledge the strength of our franchise, our robust balance sheet and continued investment in the Bank's people and infrastructure provide a tremendous platform to capitalize on the significant growth opportunities in each of our markets.
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