Permanent TSB is under pressure as mortgage lending goes up 2 per cent

The housing market is vital to PTSB's future

13th March, 2016
Permanent TSB is withdrawing 4,300 mortgages linked to private homes from a controversial loan sale process known as Project Glas Pic:RollingNews.ie

Two per cent. That was the total increase in mortgage lending at Permanent TSB in 2015. Even in a housing market suffering from a lack of new homes and a sudden jump in how much first-time buyers need to slap down as a deposit, there was no dressing up how bad a performance that was.

PTSB’s chief executive Jeremy Masding has done much to resuscitate the bank, still 75 per cent owned by taxpayers. But in...

Subscribe from just €1 for the first month!

Currency

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

The Daily Briefing