Sign in. It’s quick, free and it’s up to you.
An account is an optional way to support the work we do. Find out more.
PERMANENT TSB HAS reduced its portfolio of non-performing mortgages to 10 per cent of their peak levels.
The bank has offered a total of 19,000 resolution strategies to customers with a total of 15,700 accepted.
The bank said in a statement today that non-performing home loan and buy-to-let mortgages are falling across both early and late arrears.
At the end of April this year, PTSB’s internal bad bank, the Asset Management Unit, had engaged with over 80 per cent of struggling customers, with over 2/3rds receiving so called ‘sustainable treatments’.
In this morning’s statement, the bank urged “the minority of our long-term arrears customers who have not yet engaged…to do so, as it is our clear preference to restructue a loan, where appropriate, rather than resort to legal action.”
PTSB said that its approval rate for mortgages increased by 80 per cent at the end of April compared to the same month last year. Market share for new mortgages stands at around 13 per cent, up from a low of 1.6 per cent at the end of 2012.
There was no mention of the level of mortgage drawdowns.
The bank alluded to the ongoing process of selling its commercial property loan book, which is reportedly advancing with several international equity players, including Lone Star, eyeing the portfolio.
It said: “The group is actively exploring disposal opportunities for these loans.”
To embed this post, copy the code below on your site
Is this a wind up ?
On the other hand I’d love to have the money to buy it
Just like and share to be in with a chance to win one.
Not for me.
I couldn’t tell my boss I was late because of my watch.
Don’t see any reason there to pay 1.1m for a watch, save the money and ask someone the time, or if you can pay that type of cash for a watch why the fu*k would you care what time it is
I honestly think a finely made watch is beautiful. I feel naked if I don’t wear one on a night out. I think a watch and ring is the only jewellery a man should wear. I do have a watch fetish but have never spent any more that 500 euro on one. Any more is just silly. But sure if you are loaded why not.
I agree family guy, I wear my watch all the time and feel naked without it.
Does it have a calculator though?
And all it does is tell the time
does it have a sexy voice..??
Ill have 2
One for each wrist?
Oh yeh. I’ll be unbalanced if i don’t
Another upstart of a company.
Established no doubt, to separate new money easterners from their cash.
Well if they’re foolish with their dollars.
Maybe they deserve to be shafted.
Your a boor.
Fact are booring.
My auld Casio will do me. Best 15euro I ever spent.
I’d rather have a Veyron.
But not the cost of running it. They would financially cripple you, which is why the vast majority of those on the market have hardly been driven.
You think the running cost is why the majority of veyrons are not driven in public…?
Skin, no, not the sole reason but almost certainly a contributory factor.
Four sprung durch technik?
Time is your worst enemy, why would you pay 1.1 Million, for a watch, and half the world’s Children starving, it beggers belief.
300 watches = 1 children’s hospital
But you can’t wear the other 299 watches on your arm now can you.
Do the ladies really judge a fella by the piece on his wrist?!
To spend that much on a watch you’d have to have a piece for a head…
It’s not what’s on his wrist that they care about, it’s the distance from the wrist to the tip of the middle finger. So shallow…
I’ve got 200 of these unwrapped which can’t be sold. Like and share to be in with a chance to win one :)
Well it would also have to bring me my tea and toast up to the bed in the morning as well if I paid that price for it!!!!!!
Does it only work when tethered to an iPhone 6?
what is a power reserve function? and how is it powered?
Looks like the strap is extra!
If I could afford this I would care what time it was
Saw a watch that cost $350,000 in a shop the other day. It’s made from authentic pieces salvaged from the Titanic! Some people…
Watch yourself….
have your say