Tuesday June 2, 2020

IMF: Permanent TSB faces "acute challenges" to stay viable

Permanent TSB faces “acute challenges that need to be addressed to assure its viability,” according to the International Monetary Fund.

3rd April, 2013

Permanent TSB faces “acute challenges that need to be addressed to assure its viability,” according to the International Monetary Fund.

The government decided last year to split the Dublin-based bank into a consumer lender, an asset-management unit to run down so-called uneconomic loans, and another unit for its British-based mortgages.

“PTSB as an integrated legal entity is only expected to break even in the medium term,” the IMF said in a staff report...

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