Figures released today by Permanent TSB show 12 per cent of their mortgages are more than 90 days in arrears.
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It’s the highest of any of the Irish banks, and was revealed as annual results showed PTSB recorded a loss of 424 million euro in 2011 – its highest ever.
The bank has had to set aside 1.4 billion euro to cover loan losses – that’s up significantly on the figure in 2010 of around 400 million euro.
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