Published Thursday, 23 February 2012
These figures which of course refer to the bank's overall operations across the island show operating profit down and write offs up.
Both clearly going in the wrong direction. But the bad news is not confined to those two issues.
The overall loss for 2011 is just over a billion pounds - a third up on the previous year.
The numbers show the write down dwarfing the operating profit by a ratio of around four to one.
Bizarrely, the bank says 2011 was a difficult year due to the "continued challenging economic environment".
I suspect that most commentators would say the problems were largely of the bank's making.
Bad loans to property developers and others.
The current economic environment does explain why income from lending is down on last year but that development is only a relatively minor part of the story about why the losses continue to be enormous.
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