22/07/2015
Danske Bank Reports £65m Profit
Danske Bank in Northern Ireland has recorded a pre-tax profit of £65m in the first half of 2015.
The result is a significant improvement on the £37.4m profit recorded the same time last year.
Danske Bank UK CEO, Gerry Mallon, said: "I am very pleased to report a £65 million profit for the first half of 2015. The performance of the business continues to significantly improve with income up on the same period last year and a continued focus on expenditure.
"The first half of the year has been a particularly strong one for Business Banking. We have already provided more new lending to business customers in 2015 than we did in the whole of 2014.
"This is down to an encouraging increase in demand for lending from our existing customers after a long spell of relatively subdued demand and the continued acquisition of new to bank customers.
"We can confidently say Northern Ireland continues to experience economic growth. It is clear that businesses are starting to look at new plans for the future, while Danske Bank's own survey forecasts that overall local economic growth should reach 2% in 2015 and 2.3% in 2016."
(CD)
The result is a significant improvement on the £37.4m profit recorded the same time last year.
Danske Bank UK CEO, Gerry Mallon, said: "I am very pleased to report a £65 million profit for the first half of 2015. The performance of the business continues to significantly improve with income up on the same period last year and a continued focus on expenditure.
"The first half of the year has been a particularly strong one for Business Banking. We have already provided more new lending to business customers in 2015 than we did in the whole of 2014.
"This is down to an encouraging increase in demand for lending from our existing customers after a long spell of relatively subdued demand and the continued acquisition of new to bank customers.
"We can confidently say Northern Ireland continues to experience economic growth. It is clear that businesses are starting to look at new plans for the future, while Danske Bank's own survey forecasts that overall local economic growth should reach 2% in 2015 and 2.3% in 2016."
(CD)
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