Ulster Bank has reported revenue up 15% to €686m for the six months to the end of June. Operating profit came in 20% higher at €265m.
The third biggest bank in Ireland said that mortgage lending grew by 26% to €20.5 billion, while customer deposits rose 26% to €25.5 billion. Total loans to customers rose 31% to £32.5 billion
Chief executive Cormac McCarthy said the bank had a record year volume growth in loans and that the bank recently completed its 6,000th mortgage switcher.
The bank now has 1.7 million customers, 70,000 of which have joined the bank in the last year.
Ulster Bank is owned by Royal Bank of Scotland, which said first half profits jumped 23% on strength in its corporate markets and tight control on costs.
Britain's second biggest bank said pre-tax profits in the six months to the end of June were £4.51 billion, up from £3.68 billion a year ago and above an average forecast of £4.35 billion.
RBS said its charge for bad debts rose 5%, a smaller rise than shown by other UK banks this week such as Barclays which reported a rise of 50%, which have been hit as consumers have struggled to pay back unsecured loans.
