Wednesday September 23, 2020

Drumm’s drive puts Anglo near the €1bn profits zone

David Drumm may have been a surprise choice when he was elevated to the top job at Anglo Irish Bank at the age of 37, but two years later, the reasons for the bank’s decision are becoming clearer.

9th December, 2006

After announcing full-year profits of €850 million last week, a 38 per cent increase on the previous year, Drumm has brought the specialist lender to within touching distance of the €1 billion barrier that is likely to be broken just 12 months down the line.

Such an achievement will bring Anglo into the elite group of Irish plcs that is currently made up of just AIB, Bank of Ireland and CRH.

But t h e r e...

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