Finance Minister Michael Noonan said last night that if Permanent TSB needs to raise capital after the European stress tests later this month, it can do so in the markets without upsetting state finances.
“Permanent TSB is strong, very well managed and becoming profitable again,” Noonan said. “If they require extra capital, they’re strong enough to get the small amounts of capital they require in the markets, so we don’t see any risk to taxpayers.”...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team