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Bank of Ireland reveals profit before tax up 28%

The Bank of Ireland has revealed in its interim results for the half year up to September 30 a 28% increase in profit before tax.

Basic earnings per share were up 30% and underlying earnings per share were up 10%.

Brian Goggin, group chief executive for the Bank of Ireland, says: “This has been an excellent first half performance by Bank of Ireland Group.

“Dynamic growth in strongly performing economies, sound investment strategies in areas of potential opportunity and a firm focus on maintaining excellent asset quality are the factors that underlie this performance.

“This performance, together with progress on the implementation of our strategic transformation programme gives us confidence for the future.”


Lighthouse launches next stage in mortgage and protection services

Lighthouse Group is launching the next stage in the development of its specialist mortgage and protection services. The offering sees Lighthouse which is an established national IFA launching its own panel of lenders including high street names such as Abbey, Halifax, Nationwide and Northern Rock, and still maintaining a strategic link to The Scottish Provident […]

MPLC, not anti cascade systems

Mortgages PLC has clarified its stance regarding cascade underwriting following a press release issued last week in which it urged intermediaries to exercise caution when using cascade systems. The lender has also received a number of messages of support from key distributors in the market, including Pink, Genesis, and Enterprise.Peter Beaumont, sales & marketing director […]

The Loughborough becomes latest client of Skipton’s

The Loughborough has become the latest client of Skipton. Through a deal facilitated by Skiptons subsidiary company Mutual One the contract with the Loughborough will deliver not only a fully managed IT system, but also all equipment, maintenance, network management and a technical helpdesk.Stephen Peete, chief executive of Loughborough says: There is no doubt that […]

Northern Rock leaves broker in KFI Catch 22

A broker has been left in a Catch 22 situation after Northern Rock was unable to issue a compliant KFI for a further advance on a lifetime mortgage. Chris Crane of Mortgage Check advised his client to take out a further advance of a lifetime mortgage after they ran out of money for home improvements. […]

How to cut mortgage fraud risk

Recent figures from Financial Fraud Action UK revealed a financial scam was committed, on average, every 15 seconds during the first six months of 2016, says Roy Armitage, head of credit at Lendinvest. That represents a 53 per cent rise year-on-year, with these scams coming in all shapes and sizes. Furthermore, a staggering 56 per cent of […]


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