Saturday December 7, 2019

PTSB u-turn on bad bank split to delay privatisation - analyst

Permanent TSB’s decision to retain an internal “bad bank” as part of its core bank will delay the privatisation of the 99.2 per cent state owned lender, according to Davy Stockbrokers.

2nd April, 2014

Permanent TSB’s decision to retain an internal “bad bank” as part of its core bank will delay the privatisation of the 99.2 per cent state owned lender, according to Davy Stockbrokers.

The new strategy will see the core bank include the €6.4 billion of underperforming loans that are contained in a on-core asset management unit (AMU), as well as the PTSB “good” bank that contains €14.2 billion of loans. This contrasts with...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Share this post

Related Stories

Denis O’Brien is back in court, residents continue to fight the Council on halting site and a row surfaces in government over rent control proposals

Leanna Byrne | 4 years ago

Greater Dublin Area draft Transport Strategy published

Digital Desk | 4 years ago