Lender Permanent TSB has reported a loss before tax of €166m in respect of last year. Total new lending of around €1.4bn was 15pc lower in 2020 compared to prior year, according to annual results from the group. The bank said its market share of new mortgage lending was 15.3pc in respect of last year. A “strong” lending performance, particularly in the second half of the year, led to a 43pc increase in new mortgage drawdowns compared to the first half of 2020. Mortgage applications also increased significantly in the second half of 2020, it added.

Source: Irish Independent March 03, 2021 07:30 UTC