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James Horan/Photocall Ireland

Over 15 per cent of Permanent TSB's home loan customers are in arrears

Pre-tax losses for the bank have fallen from €587 million in the first half of 2012 to €131 million in the first six months of this year.

FINANCIAL RESULTS FOR the first six months of 2013 show that more than 15 per cent of Permanent TSB’s owner-occupied mortgage-holders are in arrears.

This has increased since December 2012 when 13.7 per cent of these loans were in arrears for over 90 days.

Results show there has been a drop in the number of buy-to-let mortgage cases in arrears at 18.8 per cent at the end of June 2013 compared to 21 per cent in December 2012. PTSB said that the bank has made long-term agreements with over 4,000 long-term mortgage-holders this year.

Chief Executive Jeremy Masding said the bank is “gaining good traction” with customers who are in arrears and plans to keep working with them.

There was €121 million in new mortgages approved in the first six months of this year and almost 30,000 new current account customers joined.

Pre-tax losses for the bank have fallen from €587 million in the first half of 2012 to €131 million in the first six months of this year. However the bank said today this figure is “flattered” by some one off exceptional items of €318 million.

Impairment charges came to €430 million and the operating loss for the period, after impairments and before exceptional items was €449 million, compared to €457 million for the same period last year.

Read: Permanent TSB wants to lend you money for education and cars>

Read: Permanent TSB tells customer in arrears of €200 to sell her house>

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21 Comments
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    Mute zebadie
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    Feb 15th 2022, 12:54 PM

    Maybe the new sponsor will be TOYOTA.. They’ll only need another “O”

    656
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    Mute frank griffin
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    Feb 15th 2022, 4:37 PM

    @zebadie: he owns tayto. Crisps as well as tayto park

    19
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    Mute frank griffin
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    Feb 15th 2022, 4:37 PM

    @zebadie: he owns tayto. Crisps as well as tayto park

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    Mute frank griffin
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    Feb 15th 2022, 4:38 PM

    @zebadie: he owns tayto. Crisps as well as tayto park

    1
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    Mute Kevin50
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    Feb 15th 2022, 5:41 PM

    @frank griffin: not anymore and not for some time….please be informed before making such things

    26
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    Mute Pat Redmond
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    Feb 15th 2022, 9:03 PM

    @zebadie: I say say Tayto, you say Toyota

    7
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    Mute Stealth
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    Feb 16th 2022, 7:57 AM

    @zebadie: humm self paying park that doesn’t need visitors to turn a profit

    1
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    Mute Simon Murdoch
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    Feb 15th 2022, 1:12 PM

    So can we just all agree it should be renamed to Parky McParkface?

    425
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    Mute Stuart Doherty
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    Feb 15th 2022, 1:15 PM

    Whatever the outcome im sure it will be Hunky Dory….

    360
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    Mute James Beattie
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    Feb 15th 2022, 1:33 PM

    It should be called Fianna Fáil park. They are taking us all for a ride for many years now.

    284
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    Mute Daniel Roche
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    Feb 15th 2022, 2:22 PM

    @James Beattie: Living rent free in your head.

    137
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    Mute James Beattie
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    Feb 15th 2022, 2:42 PM

    @Daniel Roche: ‘rent free’ you say. The irony of your comment. Rents have gone through the roofs because of neglect and greed of FF and FG.

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    Mute Richie Cosgrove
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    Feb 15th 2022, 3:24 PM

    @James Beattie: What’s that got to do with crisps, James?

    43
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    Mute James Beattie
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    Feb 15th 2022, 4:49 PM

    @Richie Cosgrove: revert to my initial comment, good lad

    12
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    Mute Paul Shepherd
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    Feb 15th 2022, 5:24 PM

    @James Beattie: admission fee to be paid in a brown envelope in the car park?

    11
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    Mute John Mulligan
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    Feb 15th 2022, 6:32 PM

    @James Beattie: or sinn fein Park, all the rides will be free.

    19
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    Mute JusticeForJoe
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    Feb 15th 2022, 8:03 PM

    @John Mulligan: That’s lame. Think about it, though. Do you really think this circus should just continue forever? Cos unless you vote them out, that’s all you get. But ever still so progressively worse. Heads need to roll for decades of incompetence, inaction and greed that continue to push new boundaries every day.

    5
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    Mute Kevin Collins
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    Feb 15th 2022, 12:59 PM

    That’s a shame. I’d say they made a packet from it over the years all the same.

    279
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    Mute Sean Stevenson
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    Feb 15th 2022, 1:02 PM

    sad that something as Irish as tayto isn’t even Irish owned

    123
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    Mute michael walsh
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    Feb 15th 2022, 1:09 PM

    @Sean Stevenson: it is Irish owned

    53
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    Mute Clubhouse Barman.
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    Feb 15th 2022, 1:13 PM

    @michael walsh: No ze Germans own it.

    140
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    Mute James Rock
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    Feb 15th 2022, 1:16 PM

    @michael walsh: Intersnack. German owned. Bought out Largo Foods

    61
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    Mute E.J. Murray
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    Feb 15th 2022, 1:46 PM

    @James Rock: — The Tayto brand in NI isn’t owned by Intersnack, it’s still out on its own. I don’t know which of the two sponsored the park.

    7
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    Mute Daragh Cassidy
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    Feb 15th 2022, 3:09 PM

    @Sean Stevenson: Neither is Guinness sure…

    22
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    Mute SPQH
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    Feb 16th 2022, 10:40 PM

    @Sean Stevenson: Aer Lingus

    1
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    Mute Simon Murdoch
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    Feb 15th 2022, 1:11 PM

    So can we just all agree it should rename to Parky McParkface?

    61
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    Mute MrHammey12
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    Feb 15th 2022, 6:52 PM

    @Simon Murdoch: So YOU are Parky McParkface

    1
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    Mute Billy Flood
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    Feb 15th 2022, 1:51 PM

    Tír na Óg

    64
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    Mute Noel Donohue
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    Feb 15th 2022, 12:54 PM

    Advertising obesity

    58
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    Mute Peter
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    Feb 15th 2022, 1:21 PM

    @Noel Donohue:

    Hit a nerve?

    133
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    Mute Jacqueline Langley-Evans
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    Feb 15th 2022, 8:10 PM

    @Noel Donohue: are you for real?

    10
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    Mute Will
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    Feb 15th 2022, 3:37 PM

    Lidl are buying it and calling it Okey Dokey Park

    65
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    Mute Nameo Maximus
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    Feb 15th 2022, 2:23 PM

    Please please please let it be Jurassic Park!

    54
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    Mute John Kenny
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    Feb 15th 2022, 2:05 PM

    I heard Tayto Pk burnt down last night!
    Burnt to a crisp!

    69
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    Mute Dave Hammond
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    Feb 15th 2022, 1:40 PM

    Ah them theme parks always end up as mickey mouse operations anyways

    51
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    Mute Ieva Giedrimaite
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    Feb 15th 2022, 2:51 PM

    That zoo is terrible for the animal welfare. Never going back again

    36
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    Mute John Sheahan
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    Feb 15th 2022, 3:39 PM

    We are excited to rebrand as “Tae Toe Park”.

    22
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    Mute Elvis
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    Feb 15th 2022, 2:50 PM

    Pringle Park sounds better……

    21
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    Mute J
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    Feb 15th 2022, 2:48 PM

    Last time I was there I parked in the Itchy lot

    13
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    Mute Serge the llama
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    Feb 15th 2022, 2:21 PM

    Hoping they rename it : Morbeg land…

    11
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    Mute Desmond Wisley
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    Feb 15th 2022, 2:55 PM

    Walkers Park

    9
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    Mute Garreth Byrne
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    Feb 15th 2022, 2:58 PM

    Spud Park. Ask the Murphys to run it.

    10
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    Mute David Skelly
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    Feb 15th 2022, 6:16 PM

    I thought the name was a little stale.

    8
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    Mute Teresa O'Halloran
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    Feb 15th 2022, 4:02 PM

    Barry’s Tea Park? Kerrygold Park? The Happy Pear Park? ……..

    7
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    Mute Irish Antichrist
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    Feb 15th 2022, 4:37 PM

    Meanies and Batch Bread Park

    8
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    Mute Oisin Scollard
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    Feb 15th 2022, 11:28 PM

    Walkers next? ” A Walkers in the park “

    4
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