PTSB announces five-fold rise in lending targets

Monday 07 January 2013 12.00
Permanent TSB has increased targets for mortgages, personal loans and credit cards
Permanent TSB has increased targets for mortgages, personal loans and credit cards

Permanent TSB has announced a five-fold increase in its lending targets for 2013.

In a statement, the bank said it would be significantly increasing targets for areas such as mortgages, personal loans and credit cards.

It says this year it has a projected lending of €450m, compared to €90m for the whole of last year. Further increases are envisaged in subsequent years.

It says the ability to recommence lending follows deposits growth and progress on restructuring.