Ulster Bank reports €84 million operating profit

Ulster Bank has reported operating profit of €84 million for the first half of the year.

1st August, 2014
New mortgage activity at Ulster Bank was up 44 per cent year-on-year

Ulster Bank has reported operating profit of €84 million for the first half of the year.

The bank said impairment losses had reduced by about €543 million (89 per cent) compared with the same six months last year.

Profits were boosted by a 0.5 per cent improvement in the bank’s net interest margin and a €27.2 million reduction in costs, it said.

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