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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