Royal Bank of Scotland, which owns Ulster Bank and First Active, says it has performed well in the first half of this year and is on target for profit growth similar to the same period last year. First-half profits last year grew by 17%.
In a trading statement, the company did not give a breakdown of its Irish operations, saying only that the integration of First Active was 'fully on track'.
The bank said its credit quality remained 'stable'. UK banking provisions for bad debts have increased this year, boosted by credit card arrears.
