Permanent TSB 'not in a position' to decrease mortgage rates

Permanent TSB says the bank is not in a position to reduce mortgage interest rates for standard variable customers.

Permanent TSB 'not in a position' to decrease mortgage rates

Permanent TSB says the bank is not in a position to reduce mortgage interest rates for standard variable customers.

The Bank's Chairman Alan Cook told its Annual General Meeting in Dublin today that Permanent TSB is nearly profitable, but it is not yet making money.

Last year the bank's pre-tax loss was €48m - down from €668m in 2013.

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