Irish Life & Permanent says demand for its pension and savings products was being helped by a "clear public policy" of support and encouragement for individuals to save for their future.
At the group's agm in Dublin today, chairwoman Gillian Bowler told shareholders that "it is important, given the pension funding challenges we face, that this savings habit continues to be supported and developed further".
Ms Bowler said trading in both the bank and the life company was "very satisfactory", with both businesses continuing to benefit from the strength of the economy and strong employment growth.
She said the contribution from its permanent tsb banking business continued to be strong.
Ms Bowler said there had been with an excellent response to permanent tsb's new low-cost current account.
"In the first three months, following the launch of our new current account, we have opened 12,000 new accounts and are well on our way to meeting the target for the year of 60,000 new current accounts opened."
The group is due to publish a detailed trading statement for the first half of the year on June 22nd.