Bank sets up an Island operation

Bank sets up an Island operation

The launch coincides with an upbeat trading statement on the back of a strong performance during the first five months of the fiscal year.

The bank, which recently opened an office in the Parade, expects total earnings per share for the six months to 31 March to be 40% ahead of the same period last year.

This excludes pre-tax profit of 22 million euros made from the sale of the Isle of Man trust business in December in a management buyout.

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