Anglo Irish Bank’s profits rise 35pc

DUBAI - ANGLO Irish Bank has reported pre-tax profits of 375 million euros for the six months to the end of March, an increase of 35 per cent on the same time last year. The bank’s earnings per share rose by 30 per cent to 41.9 cent.

By Staff Reporter

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Published: Mon 5 Jun 2006, 11:13 AM

Last updated: Sat 4 Apr 2015, 3:21 PM

The bank said that lending to customers increased by 7.1 billion euros, up 21 per cent. With total assets increased by 22 per cent to 60.1 billion euros; Anglo Irish Bank’s board has declared an interim dividend of 5.4 cent per share, an increase of 20 per cent on H1 2005. The bank said that growth has been seen across all of its markets. In Ireland, loan balances grew by 17 per cent, by 21 per cent in the UK and by 41 per cent in the US. It said the growth demonstrates the strengthening of its franchise in its chosen market and sectors.

Anglo Irish Bank described the performance of its Treasury division as ‘excellent’; with the total funding growing by 9 billion euros to 51 billion euros, up 22 per cent. The group’s wealth management division also produced ‘excellent’ growth across all its targeted markets.

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