Saturday February 22, 2020

SBP editorial: PTSB sale carries a whiff of hypocrisy

5th August, 2018

It was, by all accounts, a triumph. Permanent TSB managed to shed itself of loans secured against 10,700 properties, of which about 7,400 are private homes.

PTSB received €1.3 billion from Lone Star for the loan portfolio, which had a par value of €2.1 billion. The sale drove the bank’s share price up by close to 10 per cent, with investors suitably enthused. PTSB was equally happy, having come under immense strain from Frankfurt to make some...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

State catching up with higher-than-average increase in number of new companies

Rachel Lavin | 3 days ago

Refusing to discuss Irish unity no longer makes any sense for the DUP –talking about a united Ireland is not the same as supporting it

Deirdre Heenan | 6 days ago

A Sinn Féin-led government would have many implications for the country, from tax on banks to the housing market to a border poll

Ian Guider | 6 days ago