One of Northern Ireland’s biggest banks has recorded a pretax profit of nearly £80 million in the first nine months of this year.
Danske Bank UK said its improved performance, which is a jump of some £30 million on the same period last year, is the result of a “increased transactional activity” and higher UK interest rates. It said it expected rates to continue rising in the fourth quarter of the year, having already been raised by the Bank of England in quarter three to 2.25% from 1.25%.
Deposits also remained at record high levels, the bank said, despite widespread inflation, although it said they were beginning to flatten.
