PTSB suffers setback in plan to buy Ulster Bank loans
British parent refused to enter a Transition Services Agreement which would have smoothed the transfer of the €9 billion loans and mortgages in question
Permanent TSB’s pursuit of billions of euro of Ulster Bank loans has been dealt a blow as NatWest is refusing to enter into a transitional agreement to support the Irish lender for a period after any potential deal closed, the Business Post has learned.
NatWest, Ulster Bank’s parent company, has declined to enter into a Transition Services Agreement (TSA) sought by PTSB which would have simplified execution of a deal as...
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