Thursday October 22, 2020

The day of reckoning looms for PTSB

If it is to have a future, PTSB must reduce its level of non-performing loans, but the decision to sell off the loan book is politically toxic

Ian Guider

Markets Editor

11th March, 2018

Can Permanent TSB silence its many critics?

It’s the bank’s turn on Wednesday to release its annual results, a couple of weeks after AIB and Bank of Ireland both posted profits of more than €1 billion.

There’s unlikely to be anywhere near that from Permanent TSB. The results will be overshadowed by the decision to sell off over 18,000 loans linked to family homes and investment properties.

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