Problem child Permanent TSB returns to normality

PTSB’s securitisation of €1.3 billion of residential mortgages is a lead that other lenders should follow – and maybe they will

2nd December, 2018

At the start of the year, if you had predicted which Irish bank would clean up the majority of its remaining toxic debt from its books, it probably wouldn’t have been Permanent TSB.

Barring a last-minute hitch, the bank will see the level of non-performing loans drop from about a quarter of its overall loans at the beginning of 2018 to single digit figures following a move in the last few days to...

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