Tuesday January 28, 2020

PTSB loan sale may be hit by rival sales

Permanent TSB aims to dispose of its remaining £2.4 billion mortgage loan portfolio by June

10th November, 2015
Group said loan impairment charge continued to fall in 3Q in line with decrease with arrears Credit: Rolling News

Permanent TSB said it aims to have deleveraged the remainder of its £2.4bn UK mortgage portfolio by June next year.

In a statement issued today the group said the sale would be in line with the EU Restructuring Plan commitments.

However, it said there is currently congestion in the market with similar portfolios for sale which may impact on the timing of the transaction.

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

Related Stories

It’s not all high-flying IT and finance professionals – 60 per cent of workers in Ireland earn less than €30,000 a year and income and social class are a big influence on how people cast their ballot

Aidan Regan | 2 days ago

The former GAA star turned political hopeful has plenty of name-recognition on the ground in his home county, but faces stiff competition for a seat from the likes of rising star Saoirse McHugh

Daniel Murray | 2 days ago

Voters don’t fancy Leo Varadkar’s party to manage the housing and health service crises – a credibility gap which has seen its eternal rival pull ahead in the latest Red C poll

Michael Brennan | 2 days ago