Bank of Scotland (Ireland) today posted pre tax profits of €213 million for last year, an increase of 45 per cent.
The bank said that its total assets had increased by 29 per cent to €26.6 billion.
BoS (Ireland) Chief Executive Mark Duffy said the results revealed a very strong performance by the bank with record profits generated across the business.
"What these results demonstrate is that increased competition is good for the bank and for the 44,000 new retail customers who have enjoyed considerable savings with our arrival," he said.