Off the wire
• ZTE presents two new smartphones in Barcelona  • Spotlight: Will French gov't shake-up offer impetus for Hollande to regain popularity?  • Roundup: Turkey unveils incentives to boost beleaguered tourism industry  • Athens complains over border controls by FYROM, as refugees remain stranded in Greece  • 2nd LD Writethru: UN chief hails U.S.-Russian accord on Syria  • Spanish stock market rises 2.35 pct, closes at 8,387 points  • Vicente Calderon to host Spanish Cup final  • Ghana to host marathon to promote SDGs  • Ghana Olympic Committee prepares national teams for Rio 2016  • 1st LD Writethru: UN chief slams deadly terrorist attacks in Syria  
You are here: 　 Home

Bank of Ireland sees 30 pct increase in profits last year

Xinhua, February 23, 2016 Adjust font size:

Bank of Ireland, one of the traditional "big four" Irish banks, on Monday reported an underlying profit of 1.2 billion euros (1.3 billion U.S. dollars) for 2015, up 30 percent on the previous year's figure of 921 million euros.

In its annual report, the bank said it continued to be the largest lender in the country with 6.9 billion euros of new loans issued in 2015.

It said all of its trading divisions were profitable during the year, while it has also continued to strengthen its capital position.

The bank said it reduced its non-performing loans by a further 3.8 billion euros, adding that it anticipates further reductions in non-performing loans this year and beyond.

"With our strong franchises, we are well positioned to meet credit demand which is recovering as the Irish economy grows and confidence returns," said the bank's CEO Richie Boucher.

He said the bank has maintained its progress towards dividends and has updated its distribution policy. Endit