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...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

The best writing and and the biggest stories of 2019 from the Business Post

Richie Oakley | 8 months ago

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago