Its part of a deal to sell a large part of Ulster Bank loans and other assets
Ulster Bank owner Nat West may take a minority stake in Permanent TSB.
The Irish Times reports the move is part of a deal to sell a large part of Ulster Bank loans and other assets to PTSB.
PTSB is understood to be interested in about €9 billion of Ulster Bank’s 20 billion euro loan book.
Fund Manager at Davy, Aidan Donnelly, explains why Nat West may be pursuing this strategy:
PTSB aims to use ‘badwill’ accounting operation to reduce need for fresh cash for deal https://t.co/k2MYPIeSk7 via @IrishTimesBiz
— Irish Times Business (@IrishTimesBiz) June 25, 2021
Kildare Drugs Arrest
22 People Arrested For Driving Under The Influence Since Yesterday
Health Minister Meeting With Kill-Based Contractors BAM, Amidst Concerns Of Further Delays To New Children's Hospital
Celbridge Facing 300+ Year Wait For New Homes Based On Current Building Rates
Kildare Tops Country For House Planning Permissions In Quarter Of 2025
Pharmacist Consultations To Qualify For Tax Relief From Tomorrow
Disruption To Red And Green Line Luas Services This Morning
Kildare Under Yellow Rain Warning
