Permanent TSB Group Holdings PLC (FRA:IL0A)
€ 1.39 -0.03 (-2.11%) Market Cap: 742.00 Mil Enterprise Value: 601.00 Mil PE Ratio: 30.22 PB Ratio: 0.31 GF Score: 57/100
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Half Year 2020 Permanent TSB Group Holdings PLC Earnings Call Transcript

Aug 04, 2020 / 08:00AM GMT
Release Date Price: €0.5 (+1.63%)
Eamonn Crowley
Permanent TSB Group Holdings plc - CEO & Executive Director

Good morning, and welcome to our 2020 interim results presentation. I'm going to give a short presentation on the progress the bank has made in the first half of 2020, after which, I will provide a more detailed review of our financial performance. I'll be happy to take any questions after that.

If we turn to Slide 3, which regards the highlights. The first half of 2020 has been an unprecedented period of time where customer and colleague experience have changed so profoundly. The sudden outbreak of COVID-19 in March of this year has impacted the bank's operational and financial performance. However, the strength buildup in the bank's balance sheet and business model has ensured that we are able to support our customers and the Irish economy. We've approved more than 10,500 mortgage payment breaks, equating to EUR 1.6 billion in loan value, and that represents 10% of the bank's gross loan book. The average loan size of a payment break is around EUR 152,000, and the average yield is 2.8%. At the end of July, we've seen

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