Problem child Permanent TSB returns to normality

Problem child Permanent TSB returns to normality

PTSB’s securitisation of €1.3 billion of residential mortgages is a lead that other lenders should follow – and maybe they will

At the start of the year, if you had predicted which Irish bank would clean up the majority of its remaining toxic debt from its books, it probably wouldn’t have been Permanent TSB.

The sale of Irish mortgages to international investors has become as politically toxic as Irish Water was. As this newspaper reported earlier this year when Permanent TSB’s Project Glas was offloaded to Lone Star, the sale of home loans threatened the...

Subscribe from just 1€

Exclusive offers

Choose the subscription that is right for you

Monthly Subscription

€1

For the first month

€19.99 Monthly Thereafter

Subscribe today

Cancel anytime

Annual Subscription

€200€149

For the first year

€199.99 annually thereafter

Subscribe today

Cancel anytime

Quarterly Subscription

€55€42

For the first 90 days

€55.00 quarterly Thereafter

Subscribe today

Cancel anytime

These offers are not available for current subscribers. Offers and pricing are subject to change without notice.

Terms & Conditions Apply

Please Subscribe or Log in to continue

Subscribe Login

Related Articles

More from The Business Post