Permanent TSB reports continued losses for 2013

Permanent TSB has continued to record heavy losses, reporting a pre-tax loss of 668 million for 2013, compared to 919 million the previous year.

26th March, 2014
Chief executive Jeremy Masding says the bank is "turning a corner"

Permanent TSB has continued to record heavy losses, reporting a pre-tax loss of 668 million for 2013, compared to 919 million the previous year.

Impairment charges on the bank’s loan book have increased to 927 million, compared to 883 million in 2012, reflecting the review of the bank’s balance sheet by the Central Bank competed late last year.

Overall the bank said it’s operating performance in its core business improved, with its net interest margin – the...

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