MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • Mortgage arrears on the rise at Permanent TSB
Uncategorized
Aug 29, 2012 - 12:26

Mortgage arrears on the rise at Permanent TSB

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
Mortgage arrears on the rise at Permanent TSB

The number of people in arrears on their mortgages with Permanent TSB has increased by almost 2% in the first half of 2012.

The bank today reported a loss after tax of €566m for the first six months of the year.

A large portion of that is down to residential mortgage arrears, with 13.2% of the bank’s mortgage portfolio now in arrears for 90 days or more.

When houses bought as an investment are included the percentage of residential mortgage arrears rises to 14.1%, also an increase on the second half of 2011.

The €566m after tax loss allows a provision for bad debts of €437m, an increase of €92m on the same period last year and largely due to losses on commercial property mortgages.

Advertisement

The operating loss from core activities was €21m a fall of €5m from the first six months of 2011.

Permanent TSB CEO Jeremy Masding said that the figures highlighted the challenge facing the bank and pledged to invest in certain areas such as finance and asset management in the bank as well as the branch closures outlined earlier this year.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • arrears
  • asset management
  • bad debts
  • branch
  • commercial
  • debt
  • debts
  • finance
  • investment
  • Jeremy Masding
  • mortgage
  • mortgage arrears
  • Permanent TSB
  • residential mortgage
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement