Permanent TSB had €161m mortgage loans on payment breaks at end of October

Eamonn Crowley, Group Chief Financial Officer at the publication of the Permanent TSB figures. New lending of €900m over the first nine months is down 23% from the same period last year. Picture: Colm Mahady

Permanent TSB had 917 accounts worth €161m on mortgage breaks at the end of October, down sharply from the €1.6bn worth of mortgage breaks it had agreed through the Covid-19 crisis, according to the latest figures from the lender. 

However, the figures in a trading update revealed the fallout from the Covid crisis, with new lending of €900m over the first nine months down 23% from the same period last year. It said though that lending had increased strongly in the quarter ahead of the introduction of the new Covid restrictions.