Up to 10 more customers of Permanent TSB have lost their homes on top of the 22 already known from the fallout of the tracker mortgage scandal, while KBC Ireland had said it has still not contacted many customers wrongly put on more expensive loans.

Shares in Permanent TSB plunged by as much as 16% yesterday as the bank reported a 55% annualised drop in first half net profit.

Permanent TSB has pledged a renewed focus on tackling its huge level of non-performing loans, as the mortgage lender delayed paying a dividend until 2019.

Permanent TSB has seen a rise in new mortgage applications since the turn of the year, saying its well-documented home loan overcharging scandal has not damaged its business.

Some 90% of the 1,372 cases identified in Permanent TSB’s Mortgage Redress Programme have been compensated to the tune of €40m, with that figure likely to increase to €45m to €50m when the further 10% of instances are dealt with.

Three senior managers at Permanent TSB yesterday apologised for the failures of the bank in not informing customers about their mortgage rights.

The chief executive of Permanent TSB has told an Oireachtas committee reviewing the conduct of the banks that PTSB is not ripping off its customers by charging too much for its standard variable mortgage rates.

Senior debt advisers say the last of the senior bank chiefs to appear in front of the Finance Committee puts the contentious issue of home owners paying high standard variable rates firmly back in the Government’s court.

Permanent TSB has completed its €525m capital raise, which values the business at €2bn and lowers the Government’s shareholding in the bank to 75%.

Permanent TSB has initially priced its new share offering at a range of €3.90 to €4.50 per share which should value the company at around €2bn.

The Government is expected to only dispose of 20%-25% of its stake in Permanent TSB, rather than the 40% originally envisaged.

A clearer picture of how Permanent TSB will look post-restructuring should become visible in the next few weeks, management said yesterday.

Permanent TSB plans to raise €525m of capital to bolster its balance sheet after failing European stress tests last year.

Permanent TSB is on track to secure European Commission approval for a restructuring plan, according to a person with knowledge of the matter.

The number of Permanent TSB mortgage holders who will face repossession is set to increase in the coming years, the bank’s head of asset management confirmed yesterday.

There will be no further call on the Irish taxpayer to bail out the banks following the results of the ECB stress tests, which showed that Permanent TSB failed one part of the comprehensive assessment.

One of Ireland’s leading banks has moved to reassure its 1.3 million customers after it failed a major European health check.

Permanent TSB customers in mortgage arrears who agree to a voluntary sale of their home will have to pay 20% of the shortfall of what they owe before they can qualify for a debt write-down.

Permanent TSB made a group-wide profit of €4m before bad debt charges and exceptional items for the first six months of the year. 

Permanent TSB Group Holdings Plc, the bailed-out Irish lender, has hired Morgan Stanley to sell its commercial real estate and subprime residential mortgage loan books, with a combined face value of about €2.6bn.

Permanent TSB chief Jeremy Masding has said 2016 to 2017 is a realistic target date for the sale of the state-controlled bank, despite it being unlikely the entire group will be profitable by that stage.

Thousands of homes face being repossessed as banks step up efforts to pursue mortgage holders in default.

State-owned Permanent TSB made an after-tax loss of €261m in 2013 compared with €996m the previous year, helped by one-off gains in pension liabilities and deferred tax assets.

Permanent TSB is forecasting a 10% return on equity for its good-bank unit by 2017 under a plan to return it to private ownership after a bailout.

Permanent TSB Group chief executive Jeremy Masding has said it's "business as usual" at Newbridge Credit Union.

Permanent TSB plans to start selling its €6.9 billion UK residential mortgage loans next year, according to two people with knowledge of the matter.

Permanent TSB has said it cannot estimate how many of 1,600 mortgage customers, who have received legal warnings from the bank over their arrears, risk having their homes repossessed.

The country's largest mortgage lender may consider writing off the debts of mortgage customers at Priory Hall.

Permanent TSB’s chief executive Jeremy Masding has said he has no intention of writing off mortgages for distressed borrowers.

Permanent TSB remains on course to return to profitability — on a group basis — by 2017, with its so-called ‘good bank’ core element likely to make a profit as early as next year, management said yesterday.

Mortgage rate increases have not been ruled out at Permanent TSB, with management saying prices will be kept under review and raised if necessary.

Permanent TSB is prepared to write-off certain amounts of unsustainable debt relating to its mortgage customers, the bank’s head said yesterday.

Permanent TSB is still awaiting approval from the European Commission for its restructuring plan, which would see the bank split into three units: a good bank, an asset management unit, and a division to manage its UK operations.

Less than a year ago, Jeremy Masding took over as CEO of Permanent TSB. While the bank is a long way off viability, restructuring is under way and Masding has got off to a relatively smooth start, writes Kyran Fitzgerald

The Chief Executive of Permanent TSB, Jeremy Masding, has said he is a "huge advocate" of anything that protects the vulnerable.

Permanent TSB is planning to increase the amount of money it lends for mortgages, personal loans and credit cards five-fold in the coming year.

Permanent TSB is on schedule to sell its car-leasing business by the end of November. The division will be sold at a discount, with the price in the range of a “few hundred million” euro, according to a source close to the company.

A new management team is in place; restructuring plans have been finalised and submitted for approval to the troika; a €4bn recapitalisation has been completed; and, the focus now is on returning to profitability.

Following the release of permanent tsb’s results yesterday, chief executive Jeremy Masding tried to put a positive spin on what the future holds for the state-owned institution.

Permanent TSB is to cut its staff by 250 and close 16 of its 92 branches.

Permanent TSB will announce next week it plans to close an estimated 20 of its 92 branches, with a possible 150 redundancies from its 1,800-strong workforce.

Permanent TSB are to announce a restructuring plan within the next week which will include branch closures and other changes.

The head of Permanent TSB will today face questions about why the bank is charging higher interest rates for existing commercial borrowers than it is for new businesses.

The Finance Minister, Michael Noonan, has said he has no power to force banks into cutting interest rates for variable rate mortgage holders.