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06/02/2014
Danske Bank Makes Pre-Tax Profit
Danske Bank in Northern Ireland has said it made a pre-tax profit in 2013.
In a statement, the bank said it had made a profit of £11.4m.
This compares to a loss of more than £58m in 2012. It is also the first time the organisation has made an annual profit since the beginning of the financial crisis in 2008.
Publishing its financial results for the year, Danske Bank said the outcome had been driven by reduced impairment charges as well as improved underlying business performance.
Commenting on the results, Gerry Mallon, Danske Bank UK CEO, said: "A continued focus on developing our products and services to meet customers' needs coupled with our appetite and capacity to lend has resulted in a strong business performance.
"The changing habits and expectations of consumers continued to drive changes to the branch network and sustained investment in digital banking channels. The uptake of our banking apps over the past year has been phenomenal with over two million logons to our online services now recorded every month.
"Business Banking continues to go from strength to strength. In 2013 even more good trading businesses moved to Danske Bank with the level of new customer acquisition amongst the highest levels seen in recent years.
"2013 was also a record year for lending with over £450 million in new and increased lending provided to business customers, a figure that represents an increase of 50% year on year and of which almost half was to 'new to bank' customers.
"With a continuing strong customer focus, satisfaction levels have remained high in 2013 and are above the competitor average.
"We have started 2014 in a strong position from which to deliver future growth as the economic recovery continues."
(JP/CD)
In a statement, the bank said it had made a profit of £11.4m.
This compares to a loss of more than £58m in 2012. It is also the first time the organisation has made an annual profit since the beginning of the financial crisis in 2008.
Publishing its financial results for the year, Danske Bank said the outcome had been driven by reduced impairment charges as well as improved underlying business performance.
Commenting on the results, Gerry Mallon, Danske Bank UK CEO, said: "A continued focus on developing our products and services to meet customers' needs coupled with our appetite and capacity to lend has resulted in a strong business performance.
"The changing habits and expectations of consumers continued to drive changes to the branch network and sustained investment in digital banking channels. The uptake of our banking apps over the past year has been phenomenal with over two million logons to our online services now recorded every month.
"Business Banking continues to go from strength to strength. In 2013 even more good trading businesses moved to Danske Bank with the level of new customer acquisition amongst the highest levels seen in recent years.
"2013 was also a record year for lending with over £450 million in new and increased lending provided to business customers, a figure that represents an increase of 50% year on year and of which almost half was to 'new to bank' customers.
"With a continuing strong customer focus, satisfaction levels have remained high in 2013 and are above the competitor average.
"We have started 2014 in a strong position from which to deliver future growth as the economic recovery continues."
(JP/CD)
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New NI Bank Notes In Circulation
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15 November 2012
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
Northern Bank Becomes Danske
Today the Northern Bank officially becomes Danske Bank. The new name comes from the bank’s Danish parent and will see branches across Ireland, Norway, Finland, Latvia, Estonia and Lithuania adopt the new title.
10 May 2012
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
16 October 2013
NI Unemployment Falls
Northern Ireland's unemployment has continued to fall by 0.5% over the past quarter, according to the latest Labour Force Survey (LFS). Unemployment in Northern Ireland was estimated at 7.3% for the period June - August 2013. This is down 0.5% from the rate recorded in the previous quarter (7.8%) and 0.8% from the rate recorded one year ago (8.1%).
NI Unemployment Falls
Northern Ireland's unemployment has continued to fall by 0.5% over the past quarter, according to the latest Labour Force Survey (LFS). Unemployment in Northern Ireland was estimated at 7.3% for the period June - August 2013. This is down 0.5% from the rate recorded in the previous quarter (7.8%) and 0.8% from the rate recorded one year ago (8.1%).
30 October 2014
£81m Pre-Tax Profit For Danske Bank
Danske Bank in Northern Ireland has reported a pre-tax profit of £81m for the first nine months of the year. In its financial results for the nine months to end September 2014, the bank said the figures continued its "upward trajectory in underlying profitability" over the last number of years.
£81m Pre-Tax Profit For Danske Bank
Danske Bank in Northern Ireland has reported a pre-tax profit of £81m for the first nine months of the year. In its financial results for the nine months to end September 2014, the bank said the figures continued its "upward trajectory in underlying profitability" over the last number of years.
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