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PERMANENT TSB HAS reported a 62% drop in half-year operating loss before exceptional items to €171 million.
For the first half of 2013, the group reported an operating loss of €449m.
Impairment charges fell by 65% to €149m compared to the first half of last year, while mortgage lending increased 362% to €180m. The group recorded a 13% market share for new mortgages in the first half of 2014.
Total operating income for the group reached €159m for the first half of this year (compared to €119m for H1 2013).
Group Chief Executive Jeremy Masding described this year as “key” for PTSB, noting that the group’s underlying losses “are down significantly” while its strategic business unit “recorded an operating profit of some €62m”.
“We made huge progress on the arrears problem,” Masding added. “The number of customers in arrears over 90 days is down 14%. Of those in arrears, over 80% are engaging with us and we’re delivering sustainable, affordable treatments.”
In its half-year report, the group said it had offered treatments to 24,000 customers in arrears, and that 88% of home loan customers in arrears who engage with the group are offered treatments resulting in that customer retaining ownership of their home.
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Wow I don’t even think sinn fein will miss this one.
@john s: He’s very popular, so they’ll miss the votes.
@Chin Feeyin: You mean he was very popular. I’m not so sure now
@Chin Feeyin: not one political party will knock on his door.
@john s: I’d say some far-right parties will contact him, they’re all mad for the MMA.
@john s: There’s always The Irish Freedom Party, I’m sure they’ll welcome him.
Dunce.
@Vonvonic: Now that the brains of SF has left, what next?
He seemed like a nice lad when he was fighting, but good god – he’s an absolute melt when it comes to politics.
So he decides not to renew his membership, as opposed to the party actually taking a stance and removing him. Typical stuff, hurling from the ditch at everyone else but happy to have head the balls like this as councillors as long as they drag in a few votes. About time they sorted out their party membership if they’re ever going to be taken seriously as a government contender. Wasn’t there another one convicted of kidnapping and waterboarding someone over the sale of a motorbike? Lovely folk.
@OnlyHereForTheComments: Suppose you could say the same about the blueshirts.. Tanaiste under garda investigation. The fact the acting Minister for Justice stated Varadkar has done nothing wrong is at the least a conflict of interest and do you seriously believe FFG/ Greens should be considered a serious government.
@OnlyHereForTheComments: yes he was thrown out of the party well in advance of being convicted. He had claimed he was bullied out and was backed by many of the FFFG media and reps at the time.
@Colin Kavanagh: “Thrown out of the party” and into a cushy job working for Christy Burke? Doesn’t seem like they threw him very far….
He seemed like the political equivalent to that mate who starts sharing content about 5G
Clown
It’s a pity he’s no longer a member. He was a perfect example of how low they will stoop to have someone elected.
Looks like the canary off of the carbon monoxide ad
@Aaron Forde: don’t go spoiling that ad.
How is he controversial, he’s a good family man who does a lot in his community? Shameful headline.
@Seosamh: “How is he controversial”?! Have you ever listened to him?!
Next we will hear of bould Paddy will be at a Gemma Rally.
Another lad on the dole.
Conor will give him a job.
He has gone away, I know.
I wonder did his party send the heavies around to the house to have a word. They have a habit of doing that with vocal councillors.
@GrumpyAulFella: You mean like the FG councillor who knocked on the door of a 70 year old man in Limerick over a Facebook post?
Mother a jayziz, would ya look at that…
Suspendered all activity…how kinky of them!
even too much of bi got for the bi got party
His ideas are more suited to a right wing party like FG
Could at least have spelled his name correctly under the photo. Holloman. Lol
@Ronan J Walsh: Paddy The Hollowman Hooligan O Holohan
His a head de ball
Mad as cheese!
A rush of Rare Blood to The Head l Guess
Such a loss
have your say