Lending surge at Permanent TSB as bank exits restructuring phase

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

27th February, 2019

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...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years