IL&P releases positive trading update
Rapid employment growth and strong domestic demand are factors in a strong economy in which Irish Life and Permanent is thriving, according to a trading statement released by the company today.
It says that its banking business has made significant progress in acquiring new customers and in growing its current-account business for the year to December 31, 2005.
The first-half momentum in the company’s life business has been maintained with strong growth in sales of pension and protection products, the statement said.
Earnings for the year are expected to be in line with market expectations.
