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Losses fall at PTSB

Permanent TSB has reported a drop in losses before exceptionals of 62pc to €171m in the first half of the year.

Impairment charges at the bailed-out lender fell 65pc to €149m while mortgage lending increased to €180m, a significant hike.

There was a 14pc drop in the number of customers in arrears of more than 90 days since December 2013 while Permanent TSB offered over 24,000 treatments for mortgage customers in arrears - four out of five of those in arrears now engaging with the bank.