PTSB chief: Selling loans to vultures ‘only way’ to repay bailout funds

The chief executive of Permanent TSB has said the selling off of thousands of non-performing loans is necessary because they had “diminished the share price” and affected the overall value of the bank.

PTSB chief: Selling loans to vultures ‘only way’ to repay bailout funds
Fri, 23 Mar, 2018 - 06:45

Pádraig Hoare and Eamon Quinn

The chief executive of Permanent TSB has said the selling off of thousands of non-performing loans is necessary because they had “diminished the share price” and affected the overall value of the bank.

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