Permanent TSB (PTSB) bank has reported a loss of €997 million for 2013. The bank says the loss was unchanged on the previous.

It said that the amount of money it set aside to deal with troubled loans rose to €927 million, which is an increase of €44 million.

The bank CEO Jeremy Masding said he believed the bank had turned the corner and that it had lent €270 million for new mortgages in the last year.

"Our key message is that Permanent TSB bank is turning the corner. I'm delighted to be able to confirm that the Permanent TSB Strategic Business Unit - effectively our customer-facing business - is now trading profitably" he said.