Permanent TSB will be forced to plug a balance sheet hole of over €850 million exposed by Europe wide banking stress tests.
PTSB is the only Irish bank to fail the tests, with Bank of Ireland, AIB, Ulster Bank and non-retail outfit Merrill Lynch International Bank passing the asset quality review and stress test scenarios.
* **VIDEO: Permanent TSB chief executive [Jeremy Masding responds](https://vimeo.com/110059156) to European Central Bank stress test results**
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