On Air Now

K Drive

3:00pm - 7:00pm

  • 045 901 490
  • 0833-979797

Now Playing

Nat West May Take A Minority Stake In Permanent TSB.

Stock image: Pexels

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:

More from National News

Stay tuned to Kfm!

Get the Kfm Apps for you phone, tablet or smart speaker...

Kfm Kildare Weather

  • Wed

    Sunny intervals

    11°C

  • Thu

    Light rain

    10°C

  • Fri

    Light rain shower

    10°C

  • Sat

    Sunny intervals

    11°C

  • Sun

    Sunny intervals

    11°C