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26/02/2015
Ulster Bank Reports £600m Profit
Ulster Bank has recorded its first annual profit since 2008.
The bank welcomed the figures, which revealed an operating profit of just over £600m last year.
In 2013, the bank recorded a loss of £1.6bn.
In its annual results for 2014, the bank said its performance was helped by a number of factors including an improving economy.
In a statement, Jim Brown, Chief Executive of Ulster Bank, said: "Ulster Bank today announced annual profits of £606m for 2014, a clear signal that our strategy is working and evidence of sustained progress across all areas of the Bank.
"This performance was driven by the underlying strength of the core Ulster Bank franchise and increased lending to customers across personal and business coupled with our proactive debt management and rising asset prices in a recovering economy."
Ulster Bank is the largest bank in Northern Ireland and the third largest in the Republic of Ireland.
(JP/MH)
The bank welcomed the figures, which revealed an operating profit of just over £600m last year.
In 2013, the bank recorded a loss of £1.6bn.
In its annual results for 2014, the bank said its performance was helped by a number of factors including an improving economy.
In a statement, Jim Brown, Chief Executive of Ulster Bank, said: "Ulster Bank today announced annual profits of £606m for 2014, a clear signal that our strategy is working and evidence of sustained progress across all areas of the Bank.
"This performance was driven by the underlying strength of the core Ulster Bank franchise and increased lending to customers across personal and business coupled with our proactive debt management and rising asset prices in a recovering economy."
Ulster Bank is the largest bank in Northern Ireland and the third largest in the Republic of Ireland.
(JP/MH)
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SDLP Criticise SF And Alliance For Backing DUP Amendment The SDLP have accused Sinn Féin and the Alliance Party of allowing the DUP to "delay action on poverty". Leader of the Opposition Matthew O'Toole made the accusation, after the Executive parties backed a DUP amendment to the SDLP's Opposition Day proposal to remove the two-child limit.
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Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
