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

@ianguider
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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