Market Talk on PTSB’s catch-22: Sell home loans, or risk its future
The taxpayer-owned Permanent TSB must offload 18,000 home and buy-to-let loans to survive, yet to do so will draw the ire of politicians
A couple of months ago, I wrote that Permanent TSB, the bank in which the taxpayer is still the majority owner, needed to silence its many critics and demonstrate that it was able to deliver meaningful returns and finally get rid of its legacy non-performing loans that have weighed on its performance for years.
At the bank’s annual general meeting next week, its chief executive Jeremy Masding can point to several numbers going in the...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Private rental sector remains strong despite Covid-19
Demand continues to outstrip supply in both residential and PRS markets, while developers adapt new build designs to take the pandemic into account
How the programme for government will shape housing
Several strategic changes offer an opportunity for positive reform of planning and development
Comment: US must defuse Covid-19’s ticking time bomb of debt
The United States cannot defeat the pandemic like a military foe but it can learn from looking back at its post-war economic recovery