Permanent TSB may require €500 million from state to take on Ulster Bank loans
Minister for Finance claims that a beefed up Permanent TSB would prevent a duopoly of AIB and Bank of Ireland emerging
The state may have to provide more than €500 million to Permanent TSB if the lender is to secure the small business loans and most of the mortgages from Ulster Bank.
Banking analysts have said Permanent TSB could require a significant cash injection depending on how much of Ulster Bank’s remaining loans are bought and how they are funded.
The government is the largest shareholder in Permanent TSB, owning 74 per cent. And...
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