AIRDRIE Savings Bank (ASB) would have fallen to a pre-tax loss of £662,000 in the year to October 31 but for a £1.4 million gain on disposals of gilts.
AIRDRIE Savings Bank (ASB) would have fallen to a pre-tax loss of £662,000 in the year to October 31 but for a £1.4 million gain on disposals of gilts.
LOOKING UP: Airdrie Savings Bank chief executive Rod Ashley said there was the appetite to increase lending.
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GREIG CAMERON Deputy business editor
That realisation of UK Government bonds helped pre-tax profits in the 12 months to October 31, 2012, come in at £753,000, up from £272,000.
The profit figure had been affected by provisions for bad debts, which soared from £576,000 to more than £1.2m, resulting in a charge against profit of £673,000, which was up from £87,000.
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