New CEO Crowley plots Permanent TSB future after Covid-19 amid 'significant' pressure for bank

Eamonn Crowley group chief financial officer at the publication of the Permanent TSB Group Holdings Interim Results. The group reported profits of €53m and a 61% rise in mortgage lending. Picture: Fennells

New Permanent TSB CEO Eamonn Crowley has pledged there is a future for the mortgage bank in lending to small firms but said the fallout from Covid-19 crisis will be “significant” as it again faces some sort of increase in home loan arrears when the payment breaks for 10,000 customers come to an end.