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Aug 4 2020, 07:30 IST/BST
permanent tsb Group
H1 2020: conservative provisions; better activity levels
- Sectors : Banks
- Companies : permanent tsb Group
DAVY VIEW
While capital was weaker than expected, this is due to a conservative approach to both provisioning and the risk weighting of payment breaks - some of which should unwind as customers return to contracted repayments. Elsewhere, new lending mortgage market share was reassuring, while the rebound in activity levels in recent weeks will also be welcomed.
