Anglo pre-tax profits at €1.2bn
Anglo Irish Bank has announced its 22nd consecutive year of uninterrupted earnings growth, with underlying profits in 2007 increasing by 44% to €1,221m.
The bank has reported pre-tax profits of €1,243m for the year to the end of September, up 46% on the same period last year.
A statement said: "We expect Ireland to remain one of the strongest European economies in 2008, despite a gradual moderation in growth rates. Our positioning in the UK and US, notwithstanding the uncertainty in capital markets, provides opportunities to expand our franchise and increase market share.
"The relevance of our relationship driven lending model is underscored in today’s market conditions. Our liquidity, funding and capital strength position us well to take advantage of the significant potential in each of our core markets.
"As always, the bank’s risk appetite remains conservative - we will never sacrifice asset quality for growth."
