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ULSTER BANK HAS reported its first profit since 2008.
The bank’s parent company Royal Bank of Scotland has released its annual results for 2014, showing that Ulster Bank made a €752 million profit last year.
The bank turned in the results on the back of increases in net interest and reducing expenses by €130 million.
Lending activity rose to £1.8 billion, with £1.1 billion in new loans made available. The bank saw a 41% increase in mortgage drawdowns in 2014
Chief Executive Jim Brown said that the bank saw a strong performance due to debt management and rising asset prices.
“In 2015 we will continue to focus on the needs of our customers and we have stated our ambition to become Ireland’s number one bank for customer service, trust and advocacy.
“We have appointed our first Director of Customer Experience and Products, reporting directly to me and responsible for making it easier for customers to do business with us.”
He added that the bank hopes to make €1.9 billion available to lend this year.
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Bantry badlly hit and heavy surface water on roads around west cork
Thunder and lighting most of the day and judging by the blackness of the sky is set to continue..
Be careful folks , life is precious
Having bad car karma this year. Air con failed on the hottest day of the year. Wipers failed today on the wettest day ever.
Can’t wait to see what happens when it freezes.
Check your tyres!
I’d be checking my ‘nuts’ first before the tyres Barry
Your air conditioning will probably work when it freezes ;)
Chips on their shoulders should keep them afloat!
Very original esos …never heard that one before
Not….
Tony, At least you’re not denying that you and your people have an issue with non Corkonians.
Your people???.Stop acting like a toddler and grow up you clown.
Cork City David?
I’m from Cork, I don’t have a chip on my shoulder.
Occasionally, people say that as a Cork man I have a chip on my shoulder.
If you say so lads, but making a baseless statement about me for no reason other than my hometown, is hardly witty insult of the month.
It sure does and keeps us above the rest of ye!
A very close escape, the water was level with the top of the quay’s at 6pm
I live in cork and I can tell you now that there is flooding!! Not as bad as the last time but there are roads in the city flooded, I saw this first hand on the lovely walk home!
Jaysus lads, what’s with all the langer bashing?
This was a warning………get rid of the Christmas tree!
The wee free staters won’t get their hair wet, the wee pretty boy hipsters
have your say