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Bank of Scotland joins high-profit earners

01/08/2006 - 08:25:50
AIB and Bank of Scotland (Ireland) have both reported a huge increase in profits for the first half of this year.

AIB said today that its pre-tax profits for the first six months of the year were just over €1.2bn, up 59% on the same period last year.

Its profits in the Republic of Ireland were up 19% to €453m.

Bank of Scotland (Ireland), meanwhile, said its pre-tax profits were up 37% to €102m over the same period.

Both companies also say they are optimistic about the positive outlook for the rest of the year.

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