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26/02/2015
Ulster Bank Reports £600m Profit
Ulster Bank has recorded its first annual profit since 2008.
The bank welcomed the figures, which revealed an operating profit of just over £600m last year.
In 2013, the bank recorded a loss of £1.6bn.
In its annual results for 2014, the bank said its performance was helped by a number of factors including an improving economy.
In a statement, Jim Brown, Chief Executive of Ulster Bank, said: "Ulster Bank today announced annual profits of £606m for 2014, a clear signal that our strategy is working and evidence of sustained progress across all areas of the Bank.
"This performance was driven by the underlying strength of the core Ulster Bank franchise and increased lending to customers across personal and business coupled with our proactive debt management and rising asset prices in a recovering economy."
Ulster Bank is the largest bank in Northern Ireland and the third largest in the Republic of Ireland.
(JP/MH)
The bank welcomed the figures, which revealed an operating profit of just over £600m last year.
In 2013, the bank recorded a loss of £1.6bn.
In its annual results for 2014, the bank said its performance was helped by a number of factors including an improving economy.
In a statement, Jim Brown, Chief Executive of Ulster Bank, said: "Ulster Bank today announced annual profits of £606m for 2014, a clear signal that our strategy is working and evidence of sustained progress across all areas of the Bank.
"This performance was driven by the underlying strength of the core Ulster Bank franchise and increased lending to customers across personal and business coupled with our proactive debt management and rising asset prices in a recovering economy."
Ulster Bank is the largest bank in Northern Ireland and the third largest in the Republic of Ireland.
(JP/MH)
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Ulster Bank Records Operating Profit Of £131m
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Ulster Bank Records Operating Profit Of £131m
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02 May 2014
Ulster Bank Records Profit
Ulster Bank has reported its first quarterly profit since 2009. In the bank's latest financial statement, it said it made a profit of £17m in the first three months of 2014. This compares to a loss of almost £1bn in the final quarter of 2013.
Ulster Bank Records Profit
Ulster Bank has reported its first quarterly profit since 2009. In the bank's latest financial statement, it said it made a profit of £17m in the first three months of 2014. This compares to a loss of almost £1bn in the final quarter of 2013.
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Northern Ireland WeatherToday:The day will be very windy with strong to gale force westerly winds becoming occasionally severe along the north coast. Sunny spells will be interspersed with scattered showers. Maximum temperature 8 °C.Tonight:West to northwest gale force winds, severe along the north coast, will continue overnight. Frequent showers persist, merging into longer periods of rain at times and turning wintry. Minimum temperature 1 °C.
