IL&P report losses of €197m

Irish Life & Permanent has reported a loss of €197m for last year as a strong performance at its life business was offset by further losses at its banking business Permanent TSB, where the number of mortgages in arrears increased by almost 50%.

IL&P report losses of €197m
Wed, 02 Mar, 2011 - 07:39

Irish Life and Permanent has reported a loss of €197m for last year.

Its life insurance division made a profit of about €50m, but losses at its banking division, Permanent TSB came in at €364m.

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