Northern Bank made a pre-tax loss of 拢95m last year

The Northern Bank has announced pre-tax losses of 拢95m last year.

The bank says economic conditions remain challenging and market conditions are difficult.

The losses include a provision for bad debts of almost 拢143m, which are largely a result of the slump in the Northern Ireland property market.

If loan impairments for bad debt are set aside, the Northern Bank made an operating profit of 拢48m.