ACCBank, now owned by Dutch bank Rabobank, has reported pre-tax profits of just under €36m for last year, an increase of 31% on 2002.
Total income grew by 24% to €126.5m while costs rose by 18%, mainly because of investment in a new IT system. Lending jumped by 63% to €4.4 billion.
Chief executive Colm Darling said the strong growth was a result of ACC's refocusing on the business and agri-business sectors.
