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

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 ...