| 9.6°C Dublin

Ulster Bank reports 13pc rise in new lending to €3bn

Close

Stock photo: PA

Stock photo: PA

PA

Stock photo: PA

Ulster Bank, the country's third biggest lender, has reported a 13pc rise in new lending to €3bn - with new business lending running just ahead of new mortgages.

Operating profit was €55m for 2019, the bank said.

That profit was up from €15m in 2018 despite a drop in overall revenue, in part reflecting a sharp drop in costs and write backs of €38m as value previously marked down from bad loans was recouped.

More to follow...

Online Editors