Permanent TSB’s core business bank profitable

Permanent TSB’s core business bank was profitable after impairments for the first four months of the year, according to its interim management statement.

Moreover, the 99.2% state-owned bank reported a big increase in mortgage lending and a stabilisation in mortgage arrears.

All three domestic banks — Bank of Ireland, AIB and PTSB — have reported a return to post provision profitability so far this year.