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...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years

The Daily Briefing