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30/07/2015
Ulster Bank Records Operating Profit Of £131m
Ulster Bank has recorded an operating profit of £131 million for the first half of this year.
The bank reported a £55 million profit in the same period last year.
The firm also said that new lending to business increased by 57%.
Chief Executive Jim Brown said: "While today's results were impacted by a weakened euro, we see an increased profit, reduced operating expenses and a continued trend of impairment releases driven by proactive debt management and the improving economic conditions."
(CD)
The bank reported a £55 million profit in the same period last year.
The firm also said that new lending to business increased by 57%.
Chief Executive Jim Brown said: "While today's results were impacted by a weakened euro, we see an increased profit, reduced operating expenses and a continued trend of impairment releases driven by proactive debt management and the improving economic conditions."
(CD)
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