NIB reports 33% income rise

National Irish Bank (NIB) reported a 33 per cent rise in income to €92.5 million in the first six months of 2007.

Profit before tax also saw a significant boost, rising to €12.8 million compared to a €17.2 million loss for the same period in 2006.

Underlying profit rose 181 per cent to €34 million before goodwill and integration costs.

The strong performance was fuelled by an increase in lending to €8.5 billion, a 51 per cent increase year on year.

Mortgage lending rose 52 per cent, and the bank's customer deposits grew 32 per cent to €3 billion.