Bad loans worries hammer Permanent TSB shares

Analysts say little progress made as bank signals loan sales part of future plans

26th July, 2017
Permanent TSB shares down as much as 8 per cent. Pic:

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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