IIB Bank has reported after-tax profits of €125m for last year, an increase of 25% on 2005. Total lending also grew by 25% to €16 billion at the bank, which is owned by Belgium's KBC.
Residential mortgage lending was up 24%, while loans to small business jumped by 30%.
IIB chief executive Ted Marah said the bank expected house price growth to ease in 2007, but still expected 'modest gains', helped by SSIAs and Budget measures on mortgage interest relief.
