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Finance
Posted: January 7, 2009
Anglo Irish Bank results for the year end
Anglo Irish Bank released its preliminary statement for the year to 30 September 2008. Key highlights include:
Profitability: Reported profit before taxation of $1,121 million, with earnings per share of $1.26. Prudent general collective provision of $715 million charged, 0.71% of average loan balances. Core pre-tax profits, before impairments and fair value movements, of $2,533 million, up from $1,968 million in 2007
Balance sheet: Lending increased by $13.3 billion on a constant currency basis, to $104.6 billion, with growth moderating to 5% in the second half of the year. Impaired loans represent 1.3% of closing loan balances.
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