Permanent TSB hopes to purchase billions of euro of Ulster Bank assets within months

PTSB is seeking to reach legal agreement with NatWest for the purchase of €7.6 billion of Ulster Bank assets

28th October, 2021
Permanent TSB hopes to purchase billions of euro of Ulster Bank assets within months
Eamonn Crowley, the chief executive at Permanent TSB, said his bank and NatWest are working towards legally binding agreements. Picture: Rollingnews.ie

Permanent TSB is hoping to reach a legal agreement with NatWest for the purchase of billions of euro of Ulster Bank assets within months, the bank said this morning.

In a trading update, Eamonn Crowley, the chief executive at Permanent TSB (PTSB), said his bank was continuing to work towards a deal with NatWest for the purchase of €7.6 billion of Ulster Bank assets.

“We are focusing intently on the opportunities arising from the potential...

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