PTSB loan sale may be hit by rival sales

PTSB loan sale may be hit by rival sales
Group said loan impairment charge continued to fall in 3Q in line with decrease with arrears Credit: Rolling News

Permanent TSB aims to dispose of its remaining £2.4 billion mortgage loan portfolio by June

Permanent TSB said it aims to have deleveraged the remainder of its £2.4bn UK mortgage portfolio by June next year.

In a statement issued today the group said the sale would be in line with the EU Restructuring Plan commitments.

However, it said there is currently congestion in the market with similar portfolios for sale which may impact on the timing of the transaction.

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