1,500 Permanent TSB customers fail to engage over mortgage arrears

Bank reveals number as it comes under pressure to deal with its non-performing loans

8th March, 2017
Jeremy Masding, chief executive, PTSB PIc: Maura Hickey

Some 1,500 customers of Permanent TSB who are in mortgage arrears have yet to engage with the bank on tackling their loans.

The bank revealed the number as it prepares to deal with its non-performing loans under pressure from regulators in Dublin and Frankfurt to bring the figure down.

PTSB said that although the level of non-performing loans has fallen again (down 11 per cent at the end of last year to €5.9 billion), there were...

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