Ireland
Business: Profit dip at National Irish Bank
Friday, 7 May 1999 18:14NIB yesterday announced half year results which showed a 13% dip in pre tax profits at a time when most banks are announcing record results. The bank says simply that the results are now incorporated with its Australian parent, National Australian Bank. But the results do show that expenses jumped by a third to £29m partly due to the ongoing investigations of the bank's activities. Lending growth at the bank was just 7% compared to as much as 25% for its competitors.
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