PTSB may need €600m

KKR and Colony Capital are the most likely investors in Permanent TSB when it raises capital following the results of the stress tests, according to a source.

Permanent TSB might have to raise up to €600m following the results of the ECB’s stress tests even though the likely capital shortfall will be between €200m and €300, the source said.

The ECB will tomorrow release its Comprehensive Assessment of the banking system.