The bank records a pre-tax profit of £152m in the first nine months of this year, up 90% from last year.
Danske Bank in Northern Ireland increased its pre-tax profit by 90% in the first nine months of this year.Rising interest rates are generally good for bank profits, enabling banks to increase the "spread" between what they charge borrowers and pay to depositors.Despite households and businesses being squeezed by inflation and rising interest rates there is so far little evidence of the bank's customers being unable to repay loans.
The bank saw the amount of money held on deposit fall marginally from £10.7bn to £10.5bn but this is still 39% higher than the level before the pandemic.Revenue increase for EY Meanwhile, the accountancy and professional services firm EY has reported a 31% increase in annual revenue for its island of Ireland operation.EY Ireland saw its workforce across the island increase 19% to 5,035 people over the same period, the equivalent of 827 net new jobs.over the next five years in areas like cyber security and data analytics.
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