Danske Bank Lend Over £450 Million to Business Customers in 2013

Danske Bank in Northern Ireland made a pre-tax profit of £11.4 million in 2013, the company has said. That compares to a loss of more than £58 million in 2012. This is the first time the bank has made an annual profit since the start of the financial crisis in 2008. Danske made a profit of just over £1 million in 2008 but made a loss in every subsequent year until 2013.

Business Banking continues to go from strength to strength. In 2013 even more good trading businesses moved to Smart Business Show exhibitors Danske Bank, with the level of new customer acquisition amongst the highest levels seen in recent years. 2013 was also a record year for lending with over £450 million in new and increased lending provided to business customers, a figure that represents an increase of fifty per cent year on year and of which almost half was to ‘new to bank’ customers.

Dankse Bank state ‘With a continuing strong customer focus, satisfaction levels have remained high in 2013 and are above the competitor average. Danske Bank has a significant role to play in growing Northern Ireland’s economy. Our improving results in 2013 demonstrate our ability to support both personal and business customers. We have started 2014 in a strong position from which to deliver future growth as the economic recovery continues.’ You can visit the Dankse Bank stand at the Smart Business Show in the Odyssey Arena, Belfast on 29 & 30 May 2014. Dankse Bank will be in the blue Smart Money Zone offering help and advice on business banking, lending and money management.

Article from Smart Business Brief on 6th February 2014. Click here for more.