PTSB chief won't rule out more loan sales
Chief executive Jeremy Masding told an Oireachtas committee his bank’s level of non-performing loans was still too high at 10 per cent and needed to come down further
Permanent TSB chief executive Jeremy Masding has warned that his bank’s level of non-performing loans (NPLs) is still too high at 10 per cent and needs to come down further.
Speaking at a hearing of the Oireachtas finance committee, he said the European average was around 3.5 per cent.
Permanent TSB, which is still more than 70 per cent state-owned, reduced its level of NPLs dramatically last year throughthe sale of a loan portfolio and a securitisation deal.
