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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