National Irish Bank (NIB) has today reported pretax profits of €21 million for the nine months to the end of September.
NIB, which is owned by Danske Bank, said the figures for pretax profits compared with a loss of €4 million when compared with the same period the previous year.
NIB said total income rose by 32 per cent to €143 million, with its lending book growing 43 per cent. Over the same period mortgage lending rose by 45 per cent.
Underlying profit is up 115 per cent to €56 million, according to NIB.
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The bank said mortgage lending increased by 45 per cent and loan-to-value mortgage approvals have exceeded €2 billion since the product's launch less than a year ago.