Depfa Holding, the German public sector finance bank which is based in Dublin, said its first quarter net profits surged by 43% year on year to €83m.
The bank, which is registered here for tax purposes, said income before tax increased to €115m, up over a quarter from the year before.
The bank organises public sector bonds, raises money for infrastructure projects in Europe, the US and Asia and offers investment banking advice to public bodies.
Depfa reaffirmed its net profit for 2003 of €250m and said it even considered a result of €300m within reach.
