Danish banking group Danske Bank recorded its most profitable year in 2005, with net profits of $2.6 million.
Income rose 20%, while bank loans and advances rose 35% The group also reported that the integration of Northern Bank and National Irish Bank was going according to plan, and that profits were in line with its expectations.
Commenting on the results, Danske Bank’s chief executive Peter Straarup said: 2005 was a particularly good year for all the business areas of the Danske Bank Group. Customer demand for our products and services continued to rise, especially within lending and securities trading.
The excellent result is based on a high level of activity not only in Denmark but also in Sweden, Norway, Northern Ireland and the Republic of Ireland. We expect the healthy growth in business to continue in 2006.