Off the wire
• List of banned Russian athletes from Rio Olympics  • 1st LD: U.S. economy grows at lower-than-expected rate of 1.2 pct in Q2  • Feature: Dollar crisis casts shadow on auto sales in Egypt  • Roundup: Pan African Parliament moves to end female genital mutilation  • Slovakia to send another group of police officers to Hungary for migration crisis  • China's Fosun Pharma to acquire 86 pct stake in Gland Pharma  • Philippine president issues ultimatum to leftist rebels for declaration of ceasefire  • UN warns worsening food security situation in Somalia  • 1st LD-Writethru: Xi calls for solid steps to implement FOCAC Summit outcomes  • Japan's chance to become terrorism target exists: police  
You are here: 　 Home

Bank of Ireland garners pre-tax profit of 621 mln USD in six months

Xinhua, July 29, 2016 Adjust font size:

Bank of Ireland said on Friday it garnered a pre-tax profit of 557 million euros (621.5 million U.S. dollars) for the six months to the end of June, down from 725 million euros in the same period last year.

In its interim report, the bank said it continues to be the largest lender to the Irish economy and its new lending during the first half of the year rose 14 percent to 6.9 billion euros.

The Bank of Ireland is one of the traditional "big four" Irish banks.

The bank said all trading divisions are profitable and its non-performing loans reduced by 2.1 billion euros during the period.

It said the result of Britain's EU referendum may affect new business generation, adding that it is too early to fully assess the potential impact.

"While it is too early to fully assess the impacts of the United Kingdom's EU referendum result on economic and customer activity, the strength of our business model gives us confidence in the Group's prospects," said the bank's chief executive Richie Boucher. (1 euro = 1.10 U.S. dollars) Endite