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BANK OF IRELAND has reported a half-yearly profit of €399 million, compared to a €395 million loss at the same time last year.
The announcement of the bank’s results marks the first profit the bank has made in five years. The bank said that an €87 million one-off payment from changes to their defined benefit pensions topped up an underlying profit of €327 million.
The bank says that its bad debt charges are down by around 43% to €444 million.
However, the bank’s loan book dropped to €83 billion as repayments continue to outpace draw downs.
The bank added that mortgage arrears also fell, by around 7%.
Ulster Bank
Elsewhere, Ulster Bank announced half-year profits of €84 million.
Their chief executive Jim Brown said that bank is focused on sustaining their recovery.
“Today’s results demonstrate a second consecutive quarterly profit, the success of our existing strategy and sustained progress across all areas of the Bank. The half-year adjusted operating profit of £69m (€84m) reflects an improvement in Net Interest Margin, a reduction in expenses and an improvement in impairment losses.
“Impairment losses have improved by 89%, while the number of customers in mortgage arrears has now decreased month on month for the past 15 months, reflecting the investment to date in supporting customers in difficulty. In total, the number of customers in arrears in the Republic of Ireland has reduced by 10,000 compared to the same point in 2012.”
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Yes I love my girlfriend that much that I’m going to make her aldi fajitas on Valentine’s Day!
I hope she knows how lucky she is
You don’t have to l eave the label on.
That’s not really the point I was making Neal
There could be a lot of nuts nibbled later on to night…
Whats aldi fuss about?
Just being a Lidl cautious
“They didn’t declare Aldi Nuts Mon”
Didn’t know how many roses to get the wife – so I just gave her the whole tin.
Then again, Tescos Everyday Roasted Peanuts has two warnings on the pack “May contain Nuts”……
The normal flavoring of Cumin seed is too expensive due to drop failure and suppliers in India [mainly] are substituting the ground powder with almonds and peanuts and probably more alternatives which are only a health problem for those with allergies. Mixing and grinding your own ingredients is always safer and cheaper and you get the full flavor done to your own taste.
This is going to be a bigger story than the horsemeat scandal and is beginning to break in the UK. Many meat processors have been adding nut protein to bulk out meat and not letting on with the full knowledge than many are allergic to to it.
If true that could leave them open to massive claims both from the public and the health boards.
Horsemeat might be undesirable but it is edible,nuts (even trace elements ) can have catastrophic effects on people with an allergy.
Nicest fajita kit out there!
Ah nuts…..
I can smell the big fat law suits a mile away.
They’re the nicest ones, too.
Sick of this babysitting culture! If you have an allergy read the damn label. Having to place may contain nuts on a pack of peanuts is a joke!
I’m on a gluten diet
The point here is tractor1000 that meat is being bulked out with nut protein but its not being labelled – or even sold to other sellers – as meat containing nuts
The point of the story is that it wasn’t on the “damn label”.
There is no meat in a Fajita kit. It’s a herb mix, salsa and the wraps.
How?, did a psychologist diagnose it
Psychologists don’t do diagnostics.
I want my money back so
Ms Anna filac is in for a tic shock.
Sorry;-(
What donkey nuts, ok a very bad joke…
I have a nut allergy and as it happens had an anaphylaxis 3 months ago after eating said product. I scrutinise everything for traces of nuts, now I know what to tell my consultant what the probable cause was.
I had an allergic reaction to a McVittes digestive biscuit about a month ago. My allergy is pecans – which obviously wouldn’t be in a digestive. When I rang them they “guaranteed” me that their facility was nut free. When I asked about the flour they were “absolutely” sure it was not contaminated. Unfortunately we just cannot be sure with processed food what has been put into them.
have your say