Noonan says PTSB's future agreed in principle

UPDATE: The restructuring plan for Permanent TSB that has been agreed "in principle" will see impaired assets transferred into a “new vehicle”, said Minister for Finance Michael Noonan.

26th April, 2012
Permanent TSB's future agreed in principle

The restructuring plan for Permanent TSB that has been agreed "in principle" will see impaired assets transferred into a “new vehicle”, Minister for Finance Michael Noonan has said.

The proposal for the financial and operational restructuring of the lender requires the segregation of certain legacy and non-performing assets and their timely removal from the bank, the Minister said.

An updated restructuring plan for Permanent TSB will be submitted by the of end June...

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