Ulster Bank said this morning its operating profit has grown by 20 per cent to €265 million in the six months to June.
Over the same period revenue grew by 15 per cent to €686 million.
Ulster Bank chief executive Cormac McCarthy, said mortgage lending grew by 26 per cent to €20.5 billion over the same period. Customer deposits rose 26 per cent to €25.5 billion.
Ulster Bank now has 1.7 million customers, making it the third largest in Ireland. It said 70,000 new customers joined over the last 12 months.
Ulster bank is owned by Royal Bank of Scotland, which said first half profits jumped 23 per cent on strength in its corporate markets and tight control on costs.
Royal Bank of Scotland beat expectations today with a 23 per cent rise in first-half profit, as its corporate markets unit grew strongly and it kept a tight control on costs.
Britain's second-biggest bank said pretax profits in the six months to the end of June rose to £4.51 billion, above an average analyst forecast of £4.35 billion.