Danske Bank’s Northern Ireland business has had a busy start to the year with profits climbing on the back of a buoyant housing market and growing economy.
In its first quarter results it said it had benefited from “increased transactional activity and higher UK interest rates” with both lending for mortgages and to the small and medium-sized business sector increasing while lending to large businesses remained subdued.
Pretax profits for the first quarter of the year reached £16.7 million, up from £15.8 million in the same period last year and taking into accound a £2.1 million hit for loan impairments.
