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

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...

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