What we learned from Permanent TSB's trading update

The bank said new mortgage lending grew by 63% in the first quarter

10th May, 2017
PTSB chairman Robert Elliott unveiled the figures today PIc: RollingNews.ie

Permanent TSB published a trading update for the three months to the end of March ahead of its annual meeting this morning, reporting that it was "profitable and cash generative". Here are the key points from the statement:

- The bank said the volume of new lending rose by 64 per cent compared to the first quarter of last year while new mortgage lending grew by 63 per cent, ahead of general market growth of...

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