Irish central bank sees profits more than double
The Central Bank of Ireland recorded a 156% rise in profits in 2009 despite a fall in interest rate income, the central bank's Annual Report showed.
The report, published on Friday, showed that profits for the year increased to €933.8m ($1.2 billion) for the year ending 31 December 2009, up 156% from €364.2m in 2008.
The central bank said the rise in profits was owing to higher net interest on income during 2009 with income on interest, which is earned from assets backing banknotes in
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