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04/11/2020
Danske Bank Reports £10.5m Profit In NI
Danske Bank has reported a profit in the first nine months of 2020 in Northern Ireland.
One of the largest banks in the region, the company made a pre-tax profit of £10.5 million along with a total income of £153.3m.
Recognising the impact of the pandemic on business, Kevin Kingston, CEO of Danske Bank UK, commented: "Income and profits are much reduced year-on-year as a result of coronavirus impacts, subsequent provision for potential future loan impairments and historically low interest rates. Our primary focus remains to support our customers and to look after our colleagues, who, as key workers, have continued to offer the levels of service that the people of Northern Ireland have come to expect from Danske Bank."
Operating profit is down 37% year-on-year to £45.9m, while the business has also approved 9,000 local business-funding requests thanks to through the Government backed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS).
Mr Kingston added: "Customers, both personal and business, are saving more than ever, with deposit growth up 23% year-on-year. We also saw further customer adoption of our digital channels, with more than 5 million digital logons per month and a 32% increase in digital transactions year-on-year.
"The coronavirus disruption to our economy looks set to continue for longer than we all hoped. Alongside this, Brexit uncertainty still prevails – with less than two months until the transition period ends on 1st January and Northern Ireland's trading relationship with the rest of the UK changes."
(CM)
One of the largest banks in the region, the company made a pre-tax profit of £10.5 million along with a total income of £153.3m.
Recognising the impact of the pandemic on business, Kevin Kingston, CEO of Danske Bank UK, commented: "Income and profits are much reduced year-on-year as a result of coronavirus impacts, subsequent provision for potential future loan impairments and historically low interest rates. Our primary focus remains to support our customers and to look after our colleagues, who, as key workers, have continued to offer the levels of service that the people of Northern Ireland have come to expect from Danske Bank."
Operating profit is down 37% year-on-year to £45.9m, while the business has also approved 9,000 local business-funding requests thanks to through the Government backed Coronavirus Business Interruption Loan Scheme (CBILS) and Bounce Back Loan Scheme (BBLS).
Mr Kingston added: "Customers, both personal and business, are saving more than ever, with deposit growth up 23% year-on-year. We also saw further customer adoption of our digital channels, with more than 5 million digital logons per month and a 32% increase in digital transactions year-on-year.
"The coronavirus disruption to our economy looks set to continue for longer than we all hoped. Alongside this, Brexit uncertainty still prevails – with less than two months until the transition period ends on 1st January and Northern Ireland's trading relationship with the rest of the UK changes."
(CM)
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22 July 2015
Danske Bank Reports £65m Profit
Danske Bank in Northern Ireland has recorded a pre-tax profit of £65m in the first half of 2015. The result is a significant improvement on the £37.4m profit recorded the same time last year. Danske Bank UK CEO, Gerry Mallon, said: "I am very pleased to report a £65 million profit for the first half of 2015.
Danske Bank Reports £65m Profit
Danske Bank in Northern Ireland has recorded a pre-tax profit of £65m in the first half of 2015. The result is a significant improvement on the £37.4m profit recorded the same time last year. Danske Bank UK CEO, Gerry Mallon, said: "I am very pleased to report a £65 million profit for the first half of 2015.
06 February 2014
Danske Bank Makes Pre-Tax Profit
Danske Bank in Northern Ireland has said it made a pre-tax profit in 2013. In a statement, the bank said it had made a profit of £11.4m. This compares to a loss of more than £58m in 2012. It is also the first time the organisation has made an annual profit since the beginning of the financial crisis in 2008.
Danske Bank Makes Pre-Tax Profit
Danske Bank in Northern Ireland has said it made a pre-tax profit in 2013. In a statement, the bank said it had made a profit of £11.4m. This compares to a loss of more than £58m in 2012. It is also the first time the organisation has made an annual profit since the beginning of the financial crisis in 2008.
25 June 2013
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
New NI Bank Notes In Circulation
New bank notes have been released into circulation in Northern Ireland. The £10 and £20 notes are being issued from Danske Bank and will gradually replace the existing Northern Bank notes. The design of the notes remains the same, the only difference is the Danske Bank logo has replaced the Northern Bank logo.
10 May 2012
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
Northern Bank To Be Rebranded
Danske Bank has announced a new organisational set-up for its operations in Northern Ireland and Ireland. The new structure will take effect on 1 June 2012. The re-organisation mirrors a similar Group wide set-up being introduced in all Danske Bank operations.
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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.
