Sun Bank has announced record new business levels for 1998 with profits up 19 per cent to £3.3m.
The banking operation of the Sun Life of Canada group showed increased profits of 19 per cent to £3.3m. Assets under management has also increased 13.5 per cent to £807m.
Other highlights included an increase in new residential lending of 60 per cent up to £161m from £102m. The residential mortgage book increased 15 per cent to £620m.
Customer deposits also saw a significant increase up 29 per cent on 1997 to £592m.