Anglo Irish Bank today (Wednesday 29th November 2000) published its preliminary statement for the year to 30th September 2000.
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ANGLO IRISH BANK
Preliminary Results for the Year to 30th September 2000
H I G H L I G H T S
Anglo Irish Bank today (Wednesday 29th November 2000) published its preliminary statement for the year to 30th September 2000.
· Pre tax profits up 50% €133.6 million (1999: €89.1 million)
· Post-tax profits up 46% to €108.9 million (1999: €74.4 million)
· Earnings per share up 38% to 29.73c (1999: 21.5c)
· Total assets of €11.047 billion (1999 €7.935 billion)
· Return on shareholders funds was 29% (up from 27% in 1999)
· Cost income ratio 32%
· Total dividend proposed of 8.7c, up 20% on 1999.
Commenting on the results, Mr. Sean FitzPatrick, Group Chief Executive, said:
"Today’s excellent results are the fruits of the Bank’s clear and consistent strategy of focussing on clearly defined markets where we can add value".
"We have continued to grow our market share in what is a highly competitive banking environment in our core markets in Ireland and the UK. We have continued to broaden our income base by growing our fee-based businesses. All our operations have contributed to the growth in these figures and I am confident that we will continue to deliver further growth in 2001."
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For reference:
Sean FitzPatrick, Group Chief Executive, Willie McAteer, Group Finance Director, Mary Nolan, Group Marketing Manager, Anglo Irish Bank Tel: (01) 616 2000. Trish Morrissey/Billy Murphy,
Drury Communications Tel: (01) 260 5000
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29 November 2000
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