Masding must act fast to boost confidence in Permanent TSB

Masding must act fast to boost confidence in Permanent TSB View Gallery

PTSB’s level of bad loans is high, even by the standard of the Greek banks

Permanent TSB chief executive Jeremy Masding was a little annoyed and a lot exasperated at the focus of journalists sitting around a table with him last last week.

Instead of concentrating on the healthy 10 per cent increase in the bank’s new mortgage lending in the first six months of the year, all the attention was on its troubled €2.7 billion of home loans still in arrears.

Masding can perhaps rightly be annoyed that his bank...

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