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Bank of Ireland see profits double in first quarter

Written by Robert McHugh, on 31st Jul 2015. Posted in Ireland

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Bank of Ireland have today released their financial interim results for the 6 months ended 30 June 2015.

The results show an underlying profit of €743m, which is a 100% increase over the first quarter of 2014. 

The bank was the largest lender to the Irish economy in H1 2015. 
 
Bank of Ireland Group CEO, Richie Boucher said, "We have made further good progress against our strategic priorities during the first half of 2015, building on the momentum we have established in recent years.

"We have grown our new lending by 50% and we continue to be the largest lender to the Irish economy. We also generated capital at a significant pace and further improved our asset quality. Our progress is reflected in our financial performance and we have more than doubled our underlying profit before tax, compared to the same period last year."

Source: www.businessworld.ie 

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