Bank of Ireland, the Irish bank that was bailed out during the country's debt crisis, reported soaring profits for the first half of 2015 as bad debts at the bank were reduced.
The bank's profits doubled to 743 million euros (£814 million) compared to the same time in 2014.
Richie Boucher, chief executive of the Bank of Ireland, told CNBC there was "good momentum" in the business.
He was also optimistic about increased consumer spending in Ireland, which has become something of a poster boy for austerity after returning to growth and repaying its international debtors ahead of schedule.
"We've seen a recovery in domestic demand and consumer confidence in the last 12-15 months," he told CNBC.