Lending surge at Permanent TSB as bank exits restructuring phase

Lending surge at Permanent TSB as bank exits restructuring phase

Ian Guider reports on Permanent TSB after a "transformational" 2018

Permanent TSB said it has formally exited an EU-imposed restructuring plan after reducing its toxic loan book in 2018.

The bank, still more than 70% owned by taxpayers, said it made a profit before exceptional items of €94 million in 2018, up 45% on the previous year. That was helped by a 40% rise in new lending to €1.5 billion, with mortgage lending rising by 43%.

Exceptional items for the year totalled €91 million, which was made up of costs of €66 million...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post