Northern Bank &
National Irish Bank

Northern Bank (NB) (www.northernbank.co.uk) is one of the largest retail banks in Northern Ireland. It has 1,332 employees and a network of 91 branches. Most of the bank's customers are retail customers, but the bank also has a significant number of SME customers.

National Irish Bank (NIB) (www.nationalirishbank.ie) is active in the Republic of Ireland. It employs 652 people, and its branch network comprises 61 branches. The bank has historically focused on retail customers, but has expanded to HNW and large corporates.

Profit and loss statement (DKr m)

First three quarters of 2008	NB	NIB
Net interest income	1,164	906
Net fee income	280	118
Net trading income	81	46
Other income	15	8
Total income	1,540	1,078
Staff costs	341	351
Amortisation of intangible assets	65	17
Integration expenses	43	19
Other costs	593	356
Operating expenses	1,042	743
Profit before loan impairment charges	498	335
Loan impairment charges	226	698
Profit before tax	272	-363

Key figures

First three quarters of 2008	NB	NIB
Lending, retail (DKr bn)	17.2	31.2
Lending, corporate (DKr bn)	49.3	47.5

Last updated on October 28, 2008