Bank ‘back in business’ with plans to lend over €800m

Permanent TSB is planning to approve nine times more loans during 2013 than it did last year.

While growing from a small base, it should see the bank lend over €800m, compared to a total of between €70m and €90m last year.

The bank’s chairman, Alan Cook told shareholders yesterday at the company’s AGM, that PTSB was officially back in business and was able to open its doors to lending again.