Bad loans worries hammer Permanent TSB shares
Analysts say little progress made as bank signals loan sales part of future plans
Despite a pick-up in mortgage lending and an improvement in the closely-watched net interest margin – a measure of how much the bank makes from its lending activities – the main focus of investors remains on the level of non-performing loans, which the bank acknowledged remains “unsustainably high”.
The shares fell as much as 16 per cent in Dublin this morning, amid worries that the bank - which is still almost 75 per...
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