Permanent TSB plays down concerns of mortgage arrears crisis as it posts €57m loss       

Permanent TSB CEO Eamonn Crowley pictured announing the bank's Interim Results 2020. Picture: Andres Poveda

Permanent TSB posted a loss of €57m for the first six months of the year as the mortgage lender took on €75m of loan impairments as the Covid-19 economic fallout hit hard.

However, new chief executive Eamonn Crowley played down suggestions that the Irish banking industry was heading for its second arrears crisis in under a decade, saying that the comparisons with the last financial crisis were imprecise.