Permanent TSB say mortgage arrears are below the peak

Permanent TSB say mortgage arrears are below the peak

In a trading statement ahead of its annual shareholder meeting today, Permanent TSB says total mortgage arrears are now 10% below peak levels hit last year.

The number of mortgage approvals is up 80% so far this year compared to the same period last year, albeit from a low base. PTSB says its share of mortgage drawdowns is 13% compared to a historic low of 1.6% during the fourth quarter of last year.

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