Friday September 18, 2020

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

Ian Guider

Markets Editor

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!

Exclusive offers:

All Digital Access + eReader



Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

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



€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.




90 Day Pass

You can cancel any time.

2 Yearly



Unlimited Access for 2 Years

This product does not auto-renew

Team Pass

Get a Business Account for you and your team

Related Stories

The way we did business a few months ago may never return – so the opportunity is to make changes that will both aid recovery and set us up well for our new futures

Tom Maguire | 4 months ago

What’s coming up today and what you might have missed

Hannah O’Brien | 8 months ago