PTSB sells €215m tranche of loans in UK

Permanent TSB yesterday announced it had closed the sale of a €215m tranche of loans held by its UK subsidiary CHL.

The sale of the loans, known as Project Liverpool, is part of the bank’s ongoing deleveraging programme of non-core assets.

While the price of the deal has not been disclosed, a PTSB spokesperson confirmed that the price achieved was 40% above the offers submitted for the portfolio in 2012 when it was previously offered for sale.