ICC Bank said today the planned acquisition of the group by Bank of Scotland should boost the position of both banks in the Irish market.
"We are looking forward to working closely with Bank of Scotland in maximising this potential and we are confident customers will benefit from the opportunities provided by a strong parent with an international and diversified banking network," ICC managing director Mr Michael Quinn said.
Mr Quinn's comments accompanied the announcement of full-year results from ICC that showed group pretax profit up 60 per cent to euro 46.6 million in the year to October.
Earnings per share rose 66 per cent to 96 cents from 58 cents last year.