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Profits boosted for Sun Bank

Profits at Sun Bank rose by 39 per cent to £6.2m from £4.46m for

the first six months of the year. Assets under management rose by 16 per

cent to £1.3bn from £1.1bn and lending increased by 14 per cent

to £157m from £137m. Customer deposit accounts increased by 13

per cent to £1.1bn from £974m. The bank has shifted its

distribution towards IFAs after the Sun Life Financial of Canada salesforce

was axed. Sun Bank says its range of flexible mortgages and savings

accounts account for the increase.

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