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%.
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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."


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