Thursday February 27, 2020

Permanent TSB reports first annual profit since 2007

Bank has reported an underlying profit of €26 million compared to a loss of €39 million in 2014

9th March, 2016
Permanent TSB sees increase in new mortgage lending. Pic: Courtesy

Permanent TSB has reported an underlying profit of €26 million for 2015, its first profit since 2007, as it said it was making progress despite still facing challenges.

The underlying profit, before tax and exceptional items, compares to a loss of €39 million in 2014.

However, the bank's loss after exceptional items widened to €425 million from €102 million, driven by a €401 million loss on the disposal of held-for-sale loans .

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