Danske Bank UK, one of Northern Ireland’s largest lenders, has seen its profits jump by two thirds last year on the back of an increase in transactions and high interest rates.
The Danish-owned bank notched up pretax profits of £103.3 million for the full year 2022, a jump of more than two thirds from the £61.3 million recorded the previous year.
In its accompanying commentary to the results release, it said it had noticed a slowdown in activity in the local housing market in the second half of the year, a trend it expected to continue this year. However, given a well-publicised lack of housing supply across the province, it didn’t expect demand for mortgages to ease significantly.
