Depfa Bank, a German operation employing over 250 people in the IFSC in Dublin, has reported net profit up 11% to €526m. This is a return on equity of 21% after tax.
The bank said it has further strengthened its position serving the financial needs of public sector authorities worldwide.
Income from budget finance, infrastructure finance and client product services increased by 70% to €628 m, which offset lower income from global markets.
Last year Depfa said it generated around €59 bn in new budget finance and infrastructure finance commitments.
The bank is upbeat about its investment strategy and future business growth this year.
Depfa Bank is a Dublin-based public limited company, incorporated under Irish law, with a network of subsidiaries and branch offices across Europe, as well as in the Americas and Asia.
