Irish Life and Permanent expects 2007 to be another record year for pensions and lump sum investments.
According to a report, which followed the company's AGM in Dublin this morning, the company's life business is performing well.
Permanent tsb is also reported to be attracting substantial numbers of new current account holders, with some 1,250 new customers opening current accounts every week.
The report continues that February's outlook for the company has not changed, and the company is satisfied that it can deliver the targeted low to mid-teens growth in pre-tax operating profit in its core businesses this year.
The company said that the most significant development in the housing market was the recent slow-down caused by uncertainty over stamp duty in light of the up-coming elections, as well as rising interest rates.
A resolution of the stamp duty issue would help recovery in the market, which has underlying strength, the bank said. Depending on the resolution of the stamp duty issue, it expects its overall loan book to grow by "mid to high teens per cent in 2007".